News

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Sat, 29 Apr 2017 02:28:22 GMT

Trump requests to find abuses of US trade deals

Donald Trump is set to sign a new executive order to identify any issues caused by the US existing trade deals, including country's involvement in the WTO.

Sat, 29 Apr 2017 02:24:46 GMT

Federal Reserve to set new US fintech rules

The Federal Reserve is likely to offer regulations controlling how tech companies enter consumer lending market, said Lael Brainard, the Fed Governor.

Fri, 28 Apr 2017 19:51:44 GMT

Merkel says Macron to be strong president for France

The German Chancellor Angela Merkel said that Emmanuel Macron would be a strong president for France, and hoped that he would win the run-off against a far-right leader Marine Le Pen. 

Fri, 28 Apr 2017 19:51:29 GMT

Germany, France seek new deal with Turkey

Germany and France sought a new deal with Turkey to restore relations with the President Tayyip Erdogan, while the EU lawmakers called for suspension of Turkey's stalled EU bid. 

Fri, 28 Apr 2017 19:13:10 GMT

ECB forecasters revise inflation expectations

The ECB forecasters predict the Euro zone's inflation to increase faster than earlier expected, with average headline inflation expectations for 2017 being raised to 1.6% from 1.4% estimated previously. 

Fri, 28 Apr 2017 19:05:19 GMT

US Congress averts government shutdown

The US Congress averted the government shutdown, providing lawmakers with another week to work out federal spending through September 30, with issues like defense expenditures still unresolved.

Fri, 28 Apr 2017 18:11:07 GMT

Markel expects frozen free trade negotiations with US to revive

Germany hopes for revival of frozen talks on a free trade deal between the United States and the European Union, said Angela Merkel.

Fri, 28 Apr 2017 18:08:34 GMT

Japan's Abe asks UK May to ensure smooth Brexit

Japan's PM Shinzo Abe asked Britain's PM Theresa May to secure a smooth Brexit allowing Japanese companies to continue working as the UK leaves the EU.

Fri, 28 Apr 2017 17:04:00 GMT

US Secretary of State urges UN to act before Pyongyang does

Rex Tillerson, the US Secretary of State, urged the UN to take actions as the danger of a North Korean attack against South Korea and Japan is real.

Fri, 28 Apr 2017 17:00:53 GMT

Trump complains Saudi Arabia not paying US fairly

Donald Trump criticized Saudi Arabia for not paying fair share, while the US was losing a lot of money in defending the kingdom.

Fri, 28 Apr 2017 16:01:21 GMT

Russia's central bank cuts key interest rate to 9.25%

Russian central bank reduced its main interest rate to 9.25% from 9.75% and pledged more cuts this year as inflation continues to fall.

Fri, 28 Apr 2017 15:57:18 GMT

US labor costs grow sharply in the first quarter

US labor costs registered their biggest increase since 2007 in the Q1 as the labor market was close to full employment amid strong wage growth.

Fri, 28 Apr 2017 15:22:07 GMT

US economy shows weakest growth in Q1

The US gross domestic product rose 0.7% year-over-year in the first quarter, the weakest pace in the last three years, preliminary report showed on Friday.

Fri, 28 Apr 2017 15:19:41 GMT

Euro zone CPI increases more than expected in April

The Consumer Price Index in the Euro zone rose 1.9% in April, surpassing a 1.8% increase forecast, according to official preliminary data.

Fri, 28 Apr 2017 14:22:55 GMT

Shareholders accept Goldman Sachs compensation plan

On Friday, 93% of the Goldman Sachs Group shareholders approved the bank's compensation executive plan at the company's annual meeting after the CEO Lloyd Blankfein's pay structure was simplified.

Fri, 28 Apr 2017 13:51:28 GMT

UK economic growth misses forecasts

The ONS reported on Friday that the British economy expanded at a 0.3% rate in the Q1, compared to the preceding quarter's 0.7% rate, while analysts anticipated a 0.4% pace.

Fri, 28 Apr 2017 13:34:15 GMT

Germany rejects demands to halt Turkish EU membership bid

On Friday, Germany rejected calls to end the Turkey bid to join the EU, despite the European states' opinions that Turkey had already blocked the road to the EU after voting for Tayyip Erdogan to grant new powers.

Fri, 28 Apr 2017 13:26:16 GMT

Apollo Q1 earnings exceed expectations amid stock rally

The buyout firm Apollo reported its quarterly earnings on Friday, beating the market expectations amid strong gains supported by a stock market rally in private equity funds.

Fri, 28 Apr 2017 12:34:09 GMT

Apple refuses paying royalties to Qualcomm

Apple is eager to stop paying royalties to the Qualcomm manufacturers for the 2017 quarterly sales made that resulted in Qualcomm's shares 4.3% drop to $50.91 ahead of the North American trading session.

Fri, 28 Apr 2017 11:58:25 GMT

Phillips 66 reports 39% jump in Q1 profit

The US oil refiner Phillips 66 posted strong quarterly results showing its profit surged 39% amid a $423M one-time gain from the petroleum coking venture consolidation.

Fri, 28 Apr 2017 11:04:36 GMT

Brazil unions spark outrages over security benefits cut

On Friday, the Brazilian unions staged out nationwide protests over the President Michel Temer's attempts to cut social security benefits and ease labour law.

Fri, 28 Apr 2017 10:53:00 GMT

Tesla's chief Grohmann ousted amid conflict with Musk

Tesla had to dismiss its executive Klaus Grohmann amid the conflict with the company's CEO Elon Musk as two officials were completely divided in opinion over the Grohmann firm strategy.

Fri, 28 Apr 2017 09:29:34 GMT

Ex-Baoshan Iron & Steel chairman jailed to 17 years for bribery

China's Court sentenced a former Baoshan Iron and Steel senior official Ai Baojun to 17 years in prison for graft and bribery as he amassed over $5.8M in assets by using his position.

Fri, 28 Apr 2017 09:18:07 GMT

Pope Francis to forge links with Islam during Cairo visit

Pope Francis intends to forge relations with the Islamic religious leaders during his visit to Cairo as the ancient Christian community of Egypt faces pressure from the IS insurgents.

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