News

Note: This section contains information in English only.
Mon, 13 Nov 2017 18:03:45 GMT

Russia's GDP grows 1.8% in Q3, economic recovery goes slow

The Russian GDP grew at a 1.8% yearly pace in the September quarter of 2017, while the economy was slowly recovering from crisis caused by a massive fall in oil prices.

Mon, 13 Nov 2017 18:02:50 GMT

Shell to sell its Woodside Petroleum stake part for $1.7B

Royal Dutch Shell is set to sell part of the company's stake in Woodside Petroleum, the largest independent oil and gas firm in Australia, to equity investors for nearly $1.7B.

Mon, 13 Nov 2017 17:06:16 GMT

CEOs ask May to quicken Brexit negotiations

Business leaders urged the UK Prime Minister Theresa May to speed up talks with the EU due to concerns that Britain would quit the largest trading bloc without an agreement.

Mon, 13 Nov 2017 17:02:21 GMT

IMF expects Mexico GDP growth at 1.9% next year

The economy of Mexico would expand 1.9% over the course of 2018, while this year's GDP growth is likely to be at 2.1%, the International Monetary Fund said.

Mon, 13 Nov 2017 16:13:38 GMT

OPEC expects larger oil supply deficit in 2018

OPEC raised its projection for demand for oil in the next year, as its agreement with other producers to cut production is expected to put the global oil market into greater deficit in 2018.

Mon, 13 Nov 2017 16:12:37 GMT

ECB policy to remain easy as inflation growth lags

The European Central Bank's monetary policy is likely to remain accommodative, as inflation in the Euro zone keeps lagging behind its 2% target, the Bank's Vice President said.

Mon, 13 Nov 2017 15:31:56 GMT

Trump to nominate Alex Azar as Health Secretary

The US President Donald Trump stated on Monday that he was eager to appoint the former pharmaceutical firm executive Alex Azar as a new US Secretary for Health and Human Services.

Mon, 13 Nov 2017 15:23:13 GMT

Pfizer appoints Albert Bourla as new COO

On Monday, the US drugmaker Pfizer appointed Albert Bourla as the company's new Chief Operating Officer, who is set to start his position on January 1.

Mon, 13 Nov 2017 14:31:24 GMT

OPEC, allies not eager to defer decision on oil cut extension

OPEC and its allies are unlikely to delay their decision scheduled for a November 30 meeting on whether to extend the global pact to cut oil supply in 2018.

Mon, 13 Nov 2017 14:08:55 GMT

Tyson Foods beats profit forecasts on low-cost feed

The US meat producer Tyson Foods' quarterly revenue and earnings topped analysts' estimates as its low-cost animal feed provided a boost and a strong demand.

Mon, 13 Nov 2017 13:31:10 GMT

France consider imposing new sanctions on Iran

French Foreign Ministry raised prospects on Monday of new sanctions to be imposed on Iran over the ballistic missile programme, after it rejected the President Emmanuel Macron's call for talks.

Mon, 13 Nov 2017 13:25:23 GMT

Strong quake death toll in Iran and Iraq exceeds 300

The death toll surged over 300 people in Iran and Iraq on Monday, after a powerful 7.3-magnitude earthquake hit the region on Sunday, the local media outlets reported.

Mon, 13 Nov 2017 12:07:42 GMT

Chinese JD.com Q3 revenue beats forecasts

On Monday, China's second biggest e-commerce company JD.com posted a 39.2% jump in the Q3 revenue driven by high demand for its products, topping analysts' expectations.

Mon, 13 Nov 2017 12:07:05 GMT

ESPN launches SportsCenter programme in Snapchat

The US sports broadcaster ESPN brought its new SportsCenter programme to messaging app Snapchat, reimagining the show providing a short-form series of sports highlights.

Mon, 13 Nov 2017 11:05:06 GMT

Oil remains steady on Monday

Oil remained steady near its two-year highs on Monday, as opposing pressures from Middle East and an increase in US production offset any market turbulence.

Mon, 13 Nov 2017 11:01:17 GMT

EU approves sanctions on Venezuela

Foreign ministers of the European Union agreed on Monday to impose economic sanctions on Venezuela, including individual travel bans and freezing of its assets within the block.

Mon, 13 Nov 2017 10:33:04 GMT

GE plans to focus on three main businesses

The General Electric CEO John Flannery is planning to unveil company's road map on Monday that was set to focus on its three key units, which were healthcare, power and aviation.

Mon, 13 Nov 2017 10:27:59 GMT

Majority of Spanish voters favour early national election

According to a survey, over half of Spaniards calling for early national elections as support plunges for the minority government embroiled in Spain's worst political crisis.

Mon, 13 Nov 2017 09:17:00 GMT

Aramco to spend $300B within ten years in upstream gas, oil

Saudi Arabia's Aramco is willing to spend about $300B within ten years in upstream gas and oil projects, its CEO Amin Nasser announced on Monday.

Mon, 13 Nov 2017 09:05:30 GMT

Ex-China news agency chief expelled from Communist Party

The Chinese ruling Communist Party expelled the retired former chief of China's locally-run news agency for accepting bribes and abusing his power.

Mon, 13 Nov 2017 08:31:04 GMT

218 dead as strong earthquake hits Iran and Iraq

No less than 218 people were reported to be dead on Sunday, after a powerful 7.3-magnitude quake hit Iraq and Iran, local media in both countries said.

Mon, 13 Nov 2017 08:27:08 GMT

European Union to ink defence pact on Monday

The 22 countries of the European Union are planning to sign a defence accord on Monday, hoping to mark a new era of the EU military integration to strengthen unity after the Brexit.

Mon, 13 Nov 2017 07:31:28 GMT

Qualcomm plans to reject Broadcom's bid

The US chipmaker Qualcomm is drawing up plans to rebuff Broadcomm's $103B offer as soon as this week, the sources familiar with the issue reported.

Mon, 13 Nov 2017 07:27:16 GMT

GM's NEV sales in China to meet necessary quotas by 2019

According to the General Motor China head Matt Tsien, the carmaker's new energy vehicle sales in China are set to meet the necessary quotas by 2019 with no need to buy credits.

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