News

Note: This section contains information in English only.
Sun, 25 Feb 2018 07:29:18 GMT

Villagers flee Kashmir border region

Villagers have been observed fleeing the borders region of Pakistan and India. The event serves as a basis for the expectations of further turmoil.

Sun, 25 Feb 2018 05:47:10 GMT

Central Bank of Philippines expects volatility

The central bank of the Philippines is preparing to manage excessive volatility. The volatility is expected due to the national currency trading at an eleven year low level.

Sun, 25 Feb 2018 05:47:02 GMT

US airlines cut ties with NRA

Delta Airlines and United Airlines have joined the group of corporations, which have refused to support the National Rifle Association in the US.

Sun, 25 Feb 2018 05:33:19 GMT

Cambodia votes in new election

On Sunday morning elections began in Cambodia. The ruling Prime Minister Hun Sen is expected to win the vote.

Sun, 25 Feb 2018 05:32:47 GMT

Markets doubt new Fed chair

It has been revealed by Reuters that financial market participants do not believe that the US markets can be properly protected by the new head of the Federal Reserve.

Sun, 25 Feb 2018 04:14:53 GMT

GE cuts $2.4B from largest pension deficit in S&P 500

General Electric cut the company's pension deficit by $2.4B, but remained the most underfunded between the S&P 500 companies according to reports for 2017 year.

Sun, 25 Feb 2018 04:14:05 GMT

Saudis expects oil output cuts to ease in 2019

Saudi Arabia's Oil Minister stated that OPEC, Russia and other allies might ease oil production cuts next year, as oil prices managed to recover from the crash.

Sun, 25 Feb 2018 03:32:20 GMT

Venezuela aims to recover 70% of oil production decline

Nicolas Maduro, the President of Venezuela, promised to recover 70% of the country's lost oil output in the first half of this year.

Sun, 25 Feb 2018 03:29:06 GMT

Ramsden expects BoE rate increase sooner than thought

The Deputy Governor Dave Ramsden stated that the Bank of England would need to hike rates sooner than he anticipated, if pay growth strengthens earlier in 2018.

Sat, 24 Feb 2018 20:59:31 GMT

Buffet's report remains in focus

As the weekend progressed on, calm settled around the world and various financial institutions and analysts continued to analyse the astonishing annual report of Berkshire Hathaway.

Sat, 24 Feb 2018 20:58:44 GMT

Buffet hints at a bond decline

The report of the financial guru Warren Buffet has revealed that he is expecting a decline in bond values.

Sat, 24 Feb 2018 20:09:02 GMT

UN calls for a truce in Syria

As the bloodiest assault in the seven year Syrian civil war rages on, the UN has called the sides to at least make a temporary cease fire to count the casualties.

Sat, 24 Feb 2018 20:08:30 GMT

Berkshire increases liability claim position

Warren Buffet's conglomerate on Saturday revealed that it has made a $1.8B increase to its estimated claim liabilities.

Sat, 24 Feb 2018 19:14:26 GMT

Warren Buffet scolds bonds

On Saturday Warren Buffet prodded retail investors about them investing into bonds after the recent fluctuations in the global stock markets.

Sat, 24 Feb 2018 19:11:00 GMT

Buffet is looking for companies to buy

The world's top financier Warren Buffet on Saturday revealed that he can no longer find large scale companies to purchase.

Sat, 24 Feb 2018 17:54:39 GMT

Buffett says Berkshire stable to withstand massive insurance losses

Berkshire Hathaway Inc has acquired enough funds to financially withstand $400B in insurance losses due to natural disasters, Warren Buffett informed shareholders on Saturday.

Sat, 24 Feb 2018 17:54:10 GMT

NBIM plans investments in German medium-sized companies

Norges Bank Investment Management plans to invest in German medium-sized companies in 2018 if approval from the Norwegian government is given, the fund's CEO told media on Saturday.

Sat, 24 Feb 2018 17:04:44 GMT

ECB's Nouy: Greek banks are required to reduce NPLs

According to the Chair of the Supervisory Board of the European Central Bank Daniele Nouy, Greek banks are required to do more to reduce the high number of non-performing loans.

Sat, 24 Feb 2018 17:03:09 GMT

CDU conservatives urge for shift to right to regain voter trust

Several conservatives from the Merkel-led CDU said on Saturday that the party should shift to the right in order to win back voters prior to a coalition vote on Monday.

Sat, 24 Feb 2018 16:02:06 GMT

Chile's Pinera plans to enlarge Codelco management

According to the local newspaper La Tercera, Chile's President-elect Sebastian Pinera intends to add two management units at the state-owned copper producer Codelco.

Sat, 24 Feb 2018 15:53:51 GMT

Northern League holds rally in Milan

On Saturday, Italy's opposition party Northern League held a rally in the centre of Milan, which gathered thousands of supporters on the threshold of parliamentary elections that will take place on March 4.

Sat, 24 Feb 2018 15:02:34 GMT

Berkshire reports record profit

The CEO of Berkshire Hathaway Warren Buffett reported record annual and quarterly income that was partly based on lowered corporate income tax

Sat, 24 Feb 2018 15:02:24 GMT

China cuts red tape for foreign banks

According to the Xinhua news agency, the China Banking Regulatory Commission (CBRC) eased approval procedures for foreign banks in an attempt to boost investment in the country's financial sector.

Sat, 24 Feb 2018 14:15:51 GMT

Choksi refuses to plead guilty in PNB fraud case

In an open letter published on Saturday Mehul Choksi refused to admit guilt in a planned $1.8B fraud that involved his Gitanjali Gems and Punjab National Bank.

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