News

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Thu, 07 Dec 2017 09:16:28 GMT

German industrial production falls to 1.4% in October

The German industrial production fell by 1.4% in October month-on-month, compared to the expected 0.9% increase, the Federal Statistical Office reported on Thursday.

Thu, 07 Dec 2017 09:05:05 GMT

IMF, World Bank concerned about attacks on Ukrainian anti-corruption institutions

The International Monetary Fund and the World Bank expressed their concern on Thursday about attacks on anti-corruption institutions in Ukraine that could hinder its progress.

Thu, 07 Dec 2017 08:17:49 GMT

UAE refuses to recognize US decision on Israel

On Thursday, the United Arab Emirates' Foreign Ministry said it denounces the US decision to recognize Jerusalem as Israel's capital, saying that it put regional stability in jeopardy.

Thu, 07 Dec 2017 08:10:46 GMT

Erdogan believes US decision on Israel disregards UN

On Thursday, the Turkish President Tayyip Erdogan said that the US decision to move embassy to genuine Israel's capital Jerusalem absolutely disregards resolution adopted by the UN back in 1980.

Thu, 07 Dec 2017 07:17:30 GMT

CME and Cboe ready to launch BTC futures contracts

According to companies' announcements, Cboe Global Markets Inc will start offering bitcoin futures contracts on December 10, while CME Group Inc will do that on December 17.

Thu, 07 Dec 2017 07:12:11 GMT

Shrap wants to ally with Display Inc to counter South Korean firms

On Thursday, the Sharp Corp CEO Tai Jeng-wu said it would ask the Japanese government to help to form a partnership with Display Inc in OLED panels' production in order to successfully compete with South Korean companies.

Thu, 07 Dec 2017 05:51:17 GMT

Walgreens to invest $416M in Chinese pharmacy chain

The US pharmacy major Walgreens is set to invest $416M in Gua Da, taking the 40% stake in Chinese top pharmacy chain, in a bid to increase its presence in the country.

Thu, 07 Dec 2017 05:51:09 GMT

Canada unlikely to move embassy to Jerusalem

Canadian Foreign Minister stated that the country's embassy would not be moved to Jerusalem, as the city's status could be determined only when the Palestinian-Israeli dispute is settled.

Thu, 07 Dec 2017 05:25:07 GMT

IMF wants China to enhance financial stability further

The International Monetary Fund welcomed China's intention to contain financial risks and pointed that China could make further steps to improve financial stability.

Thu, 07 Dec 2017 05:24:40 GMT

Global Fund to provide $321M to help Myanmar

The Global Fund is set to grant $321M of aid to support Myanmar in a fight against three diseases – tuberculosis, HIV/AIDS and malaria.

Thu, 07 Dec 2017 04:25:09 GMT

US recognised Jerusalem as capital of Israel

The US President Donald Trump recognised Jerusalem as Israel's capital and ordered to move the US embassy here from Tel Aviv, triggering wide criticism around the world.

Thu, 07 Dec 2017 04:24:17 GMT

BoJ Chief sees current YCC framework as sustainable

Haruhiko Kuroda, the Bank of Japan Governor, said that the Bank's yield curve control policy was a sustainable framework, which could push down long-term rates efficiently.

Thu, 07 Dec 2017 02:59:08 GMT

VW executive sentenced seven years for US emissions issue

Volkswagen executive was fined $400K and sentenced seven years in prison for the US emissions fraud, which cost the Germany's automaker nearly $30B.

Thu, 07 Dec 2017 02:57:54 GMT

Chevron expects $18.3 spending budget for next year

One of the largest US-based oil producer Chevron was budgeting $18.3B for capital projects in 2018, which was nearly 4% less than in the prior year, the company said.

Wed, 06 Dec 2017 21:12:47 GMT

Central Bank of Brazil cuts Selic rate to record low

On Wednesday, the Central Bank of Brazil cut its key Selic rate to a record low of 7.00% and signaled further rate cuts.

Wed, 06 Dec 2017 21:01:43 GMT

Trump recognises Jerusalem as Israel's capital

On Wednesday, the US President Donald Trump recognised the city of Jerusalem as Israel's capital, raising the risk of a subsequent political conflict in the Middle East.

Wed, 06 Dec 2017 20:05:57 GMT

BoC leaves rates on hold

As markets expected, the Bank of Canada left its key interest rate unchanged at 1.00% at the end of its policy meeting on Wednesday.

Wed, 06 Dec 2017 20:03:45 GMT

US crude oil inventories drop more than expected

The EIA reported that crude oil inventories dropped 5.6M barrels in the week ended December 1, following the prior week's fall of 3.4M barrels and surpassing analysts' expectations for a 3.2M-barrel decline.

Wed, 06 Dec 2017 19:20:23 GMT

Canada scraps intention to purchase Boeing fighters

Canada was scrapping a plan to purchase 18 Boeing fighter jets due to deepening disagreements with the US aerospace firm, sources familiar with the matter said.

Wed, 06 Dec 2017 19:07:41 GMT

Unilever fined for misuse of dominance in ice cream market

Italian antitrust agency stated that it fined the Unilever's unit more than $70.7M due to abuse of the company's dominant position in the market of ice cream.

Wed, 06 Dec 2017 19:05:11 GMT

Ford, Alibaba to test online vehicle sales

Ford is set to sign an agreement with Alibaba, which would allow the company to test car sales to China's consumers directly through Tmall, the Alibaba's online retailer.

Wed, 06 Dec 2017 17:52:41 GMT

US unit labour costs fall for two quarters in succession

The US Labour Department stated that the country's labour costs fell 0.2% in the Q3, indicating that consumer price growth could stay benign by the end of the year.

Wed, 06 Dec 2017 17:51:52 GMT

US private employers add 190K positions in November

The ADP report showed that the US private sector added 190K jobs in November, while the manufacturing sector created the most positions in nearly 15 years

Wed, 06 Dec 2017 16:55:16 GMT

Former Catalan leader to stay in Belgium for while

Carles Puigdemont, the Former Catalan leader, which was arrested in Spain for an organisation of an illegal independence referendum, reported that he would not leave Belgium for a while.

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