News

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Sat, 30 Dec 2017 03:28:46 GMT

German yearly inflation to hit highest level in five years

Germany's consumer prices increased by an anticipated 1.8% on average this year, the highest annual gains since 2012, the Federal Statistical Office revealed on Friday.

Sat, 30 Dec 2017 03:27:46 GMT

Morocco, UAE to expand partnership in sulphur supply

Morocco's state-run phosphate firm OCP and ADNOC inked a long-term agreement to supply of granulated sulphur, local media said.

Fri, 29 Dec 2017 21:20:21 GMT

IAG to buy Austria's airline Niki for €20M

IAG, the owner of British Airways, announced that it is set to buy Niki, the insolvent Austria's holiday airline owned by Air Berlin, for €20M and provide extra liquidity of nearly €16.5M.

Fri, 29 Dec 2017 21:19:44 GMT

Gold rises toward strongest yearly gain in seven years

Gold extended growth to a three-month high, revealing the strongest annual increase since 2010 on the Greenback boost, political tensions and concerns over the Fed rate hike impact.

Fri, 29 Dec 2017 20:16:53 GMT

Trump calls on Postal Service to charge more to ship Amazon packages

The US President Donald Trump urged the country's Postal Service to charge more for Amazon shipments, following his criticism over the online retail major.

Fri, 29 Dec 2017 20:16:13 GMT

India ink $40M loan pact with WB for tourist project

India and the World Bank inked a $40M loan pact for a development project aimed to increase tourism-related benefits in the country's northern state.

Fri, 29 Dec 2017 19:27:50 GMT

Egypt repays $2B in debt this month

The Central Bank of Egypt repaid nearly $2B in debt to the Africa's Export-Import Bank and other international bodies, state-owned media agency said.

Fri, 29 Dec 2017 19:26:35 GMT

Ukrainian grain exports to fall for first time in five years

Ukraine's grain exports are expected to decrease for the first time in the last five years in the 2017-2018 marketing year, according to the recent official forecast.

Fri, 29 Dec 2017 17:54:11 GMT

Russia's court sentences Browder to nine years in prison

The Russian Prosecutor General's Office has sentenced William Browder to nine years in prison, charging him with tax evasion and deliberate bankruptcy.

Fri, 29 Dec 2017 17:53:05 GMT

China denies reports on illicit oil supply to North Korea

China denied on Friday any accusations from the US President Donald Trump about its involvement in illicit oil sales to North Korea.

Fri, 29 Dec 2017 17:06:52 GMT

Germany's higher court rules against VW's suspension bid

The German Constitutional Court has ruled to reject Volkswagen AG's bid to suspend a special judge who investigated the ‘Dieselgate' emissions scandal.

Fri, 29 Dec 2017 17:05:47 GMT

LSE has raised £15B from IPOs in 2017

The London Stock Exchange has raised around £15B from initial public offerings in 2017, thus reaching a 63% increase from the previous year.

Fri, 29 Dec 2017 15:59:22 GMT

Media: Russia to sell S-400 missiles to Turkey

According to media reports, Russia had agreed to supply Turkey with S-400 missiles worth around $2.5B.

Fri, 29 Dec 2017 15:58:21 GMT

Gold pushes above $1,300 on Friday

Gold was trading near the $1,303 mark on Friday, as political tensions and reduced concerns over US rate hikes allowed for its largest annual increase since 2010.

Fri, 29 Dec 2017 14:52:14 GMT

German inflation surprise

German inflation data was released on Friday. The data sets revealed that the German inflation has reached the highest level in a period of five years.

Fri, 29 Dec 2017 14:52:05 GMT

Stock markets celebrate 2017

The stock market participants mostly celebrated on Friday, as the last day of trading began with almost nine trillion US Dollars gained throughout 2017.

Fri, 29 Dec 2017 14:02:19 GMT

Oil prices remain at record high

On the final day of trading oil prices hit another record high, as they hit the highest price level seen since the middle of 2015.

Fri, 29 Dec 2017 14:02:09 GMT

Trump speaks out against USPO

In a twitter post on Friday the US President Donald Trump expressed his shock that the United States Post Office was charging too lite to deliver packages.

Fri, 29 Dec 2017 12:54:49 GMT

Huawei's growth slows down

Huawei Technologies on Friday declared that income from overall operations and smartphone sales in 2017 have had the slowest growth compared with the past four years.

Fri, 29 Dec 2017 12:53:51 GMT

Goldman Sachs expects losses

Goldman Sachs Group announced on Friday that the bank expects a decrease of five billion US Dollars to its fourth quarter earnings.

Fri, 29 Dec 2017 11:53:25 GMT

Demand rises for Russian bonds

The Russians are planning to issue a bond that will help bring money back into the country as safeguard against future sanctions. Due to that reason demand for the bonds has risen sharply.

Fri, 29 Dec 2017 11:53:16 GMT

Hong Kong bankers plan new IPOs

Bankers in Hong Kong are planning a round of new initial public offerings in the next two years, which is in sharp contrast to 2017, which was the worst equity raising year in a decade.

Fri, 29 Dec 2017 10:55:21 GMT

Taiwan: island's defence budget to grow on Chinese pressure

On Friday, the President of Taiwan Tsai Ing-wen said the island's defence budget was set to grow steadily over years, as China's military ambitions are getting more apparent.

Fri, 29 Dec 2017 10:55:05 GMT

China ivory sales ban begins on Sunday

China's ban on ivory sales takes effect on Sunday, 31 December, a vital step towards curbing the slaughter of elephants.

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