News

Note: This section contains information in English only.
Sat, 30 Dec 2017 16:08:21 GMT

Germany's former FinMin does not exclude minority government

Wolfgang Schaeuble urged formation of new government by Merkel's Conservatives and Social Democrats, where the minority government could not be excluded, if no agreement is reached.

Sat, 30 Dec 2017 16:07:40 GMT

Air Baltic to get eight Bombardier CS300 in Q1 2018

Latvia's airline Air Baltic is set to receive from Bombardier the eight brand new CS300 jets out of 20 ordered in the March quarter of 2018, the company said.

Sat, 30 Dec 2017 15:15:15 GMT

China anticipates Pakistan highway to fuel trade, lessen terrorism

The highway built in the north of Pakistan within the CPEC was opened recently, with experts saying it would encourage trade and reduce terrorism in the region.

Sat, 30 Dec 2017 15:14:38 GMT

Brussels Airlines set to diminish costs by up to 15%

Lufthansa's unit Brussel Airlines announced plans to diminish costs by 10-15% in 2018, aiming to remain competitive with its low-cost rivals, the CEO Bernard Gustin said.

Sat, 30 Dec 2017 14:03:40 GMT

Uniper criticizes Fortum for absence of clarity

The CEO of Uniper criticized suitor Fortum for unclarity about the company's intentions in a €8B worth takeover of Germany's energy producer.

Sat, 30 Dec 2017 14:02:30 GMT

Infineon Technologies not vulnerable to be taken over

Germany's chipmaker Infineon was not a primary takeover goal despite mergers within the sector, such as Broadcom's offer for Qualcomm, the company's CEO said.

Sat, 30 Dec 2017 13:29:23 GMT

Around 6K Swiss owners of VW seek damages in ‘Dieselgate' scandal

Swiss SKS, the consumer protection organisation, filed a complaint on behalf of 6K owners of Volkswagen seeking damages from the German car maker and its dealer AMAG related to the emissions scandal.

Sat, 30 Dec 2017 13:25:20 GMT

ECB Coeure: bond buys program unlikely to be extended again

The ECB board member Benoit Coeure saw a reasonable chance that the €2.55 trillion stimulus program is unlikely to be extended again in September when expires.

Sat, 30 Dec 2017 12:30:04 GMT

Austrian FinMin aims to save €2.5B next year

Newly appointed Austria's Minister of Finance announced his intention to present a composite budget for 2018-2019 years, with nearly €2.5B saving next year.

Sat, 30 Dec 2017 12:29:24 GMT

Russia's Supreme Court accepts ban against Navalny from 2018 election

The Russian Supreme Court dismissed an appeal by Alexei Navaly, Russian opposition leader, against a decision to bar him from participating in the 2018 presidential election.

Sat, 30 Dec 2017 11:22:36 GMT

Pro-government rallies take place in Iran

According to the local media, nationwide pro-government rallies took place in Iran on Saturday, just a day after price protests turned political in a number of cities.

Sat, 30 Dec 2017 11:21:39 GMT

China to cap foreign withdrawals using local bank cards

The Chinese State Administration of Foreign Exchange said on Saturday it would cap foreign withdrawals using Chinese bank cards in an attempt to target illegal money movement.

Sat, 30 Dec 2017 10:17:07 GMT

Turkey: EU funds for Syrian refugees' needs not used actively

The Turkish EU Ministry said that a great portion of the EU funds supposed to be spent on Syrian refugees' needs is not being used actively.

Sat, 30 Dec 2017 10:16:01 GMT

Putin: Russia to help protect Syrian sovereignty

On Saturday, the Kremlin said that the Russian President Vladimir Putin assured his Syrian counterpart that Russia would support Syria's efforts to protect its sovereignty.

Sat, 30 Dec 2017 09:09:55 GMT

Deutsche Bank to resume bonuses payment

According to Deutsche Bank's CEO John Cryan, the bank is set to resume its normal system of variable compensation and raise salaries in certain departments.

Sat, 30 Dec 2017 09:08:06 GMT

China recoups $112M in misused funds

On Saturday, Xinhua news agency reported that Chinese authorities have recovered around $112M in misappropriated poverty relief funds.

Sat, 30 Dec 2017 08:15:32 GMT

Eight former Petroleo Brasileiro executives accused of graft

The Securities and Exchange Commission of Brazil has formally accused eight ex-executives of Petroleo Brasileiro oil company of corruption.

Sat, 30 Dec 2017 08:14:29 GMT

Palestinians protest against Trump's Jerusalem move again

For the fourth straight week, Palestinians took to the streets in Gaza and West Bank to protest against Donald Trump's decision to recognise Jerusalem as the capital of Israel.

Sat, 30 Dec 2017 07:27:42 GMT

Mattis eyes larger US civilian presence in Syria

The US Defence Secretary Jim Mattis said he eyed a larger American civilian presence in Syria, as the combat against the IS nears its end and it is important to make sure militants do not return.

Sat, 30 Dec 2017 07:26:25 GMT

White House and Congress set for talks on current issues

The White House reported it was preparing for the next week's talks with congressional leaders on various domestic issues needed to be wrapped up in early 2018.

Sat, 30 Dec 2017 06:32:18 GMT

Airbus finalise $50B deal with Indigo Partners

France-based plane producer Airbus stated that it finalised a $50B order for the company's 430 A320neo series jets with the US private equity firm Indigo Partners.

Sat, 30 Dec 2017 06:31:19 GMT

PBoC to raise third-party payment firms' reserve fund ratio

China's Central Bank stated that it would gradually increase the third-party payment firms' reserve fund ratio to 50% by April next year, from a current 20% rate.

Sat, 30 Dec 2017 05:33:55 GMT

Japan's top spokesman: too early for BoJ to stop stimulus

Japan's Chief Cabinet Secretary stated that it was early for the Central Bank to quit its ultra-loose monetary stimulus program, the Nikkei reported.

Sat, 30 Dec 2017 05:32:56 GMT

Citigroup quits recruiting pact, following UBS, Morgan Stanley

Citigroup is likely to leave a 14-year-old agreement among the largest security brokerages of Wall Street to not sue the rival, when a broker changes firm.

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