News

Note: This section contains information in English only.
Thu, 20 Apr 2017 08:32:10 GMT

Brussels resumes inquiry over Congolese passport deal

On Thursday, the Brussels prosecution office stated it resumed an investigation over the Belgian firm Semlex biometric passport supply to the Democratic Republic of Congo, declining to provide any further details.

Thu, 20 Apr 2017 08:03:42 GMT

Chinese Bitauto gets $1B from web giants Baidu, JD.com

The car portal Bitauto Holdings received $1B from the Internet giants Tencent, Baidu and JD.com as the company attempts to become the largest online vehicle financing platform in China.

Thu, 20 Apr 2017 07:09:22 GMT

LeEco to sell $420M real estate in Beijing

China's tech giant LeEco weights selling the $420M real estate in the centre of Beijing it acquired last year as an attempt to raise funds on the back of its hard financial crisis.

Thu, 20 Apr 2017 07:03:11 GMT

Brexit to affect Britain more than EU

On Thursday, the EU Foreign Policy Chief Federica Mogherini said that Britain would not benefit from leaving the EU, making an assumption that it would lose much more than the bloc.

Thu, 20 Apr 2017 06:28:25 GMT

Venezuela illegally seizes GM car plant

On Wednesday, General Motors stated that the Venezuelan government seized its auto plant, confiscating vehicles and other assets; an action that GM considered completely illegal that could do irreparable damage to the company.

Thu, 20 Apr 2017 04:36:10 GMT

Capital outflows from China fall in Q1

On Thursday, the Chinese foreign exchange regulator stated that with new capital controls the country's capital outflows weakened in the first quarter of the year, while also helping to stabilise the Yuan.

Thu, 20 Apr 2017 04:35:45 GMT

China issues new rule to battle corruption

In an attempt to lessen corruption China tightened regulations for officials, making them obliged to report their personal information, as well as their assets, to the Communist Party.

Thu, 20 Apr 2017 03:01:34 GMT

Amazon to supply retail storefront service in Australia

Amazon.com said on Thursday that it plans to provide retail storefront service in Australia, which is set to bring thousands of new jobs and millions of dollars in investment.

Thu, 20 Apr 2017 02:55:19 GMT

NZ inflation accelerates strongly in Q1

New Zealand's inflation rose surprisingly to a five-year high of 2.2% in Q1, mainly driven by higher food and oil prices and a tax rise on tobacco and alcohol.

Thu, 20 Apr 2017 02:26:23 GMT

Japan's exports grow 12% in March

Japan's exports rose 12% in March, the fastest increase in nearly two years, due to expansion in shipment of steel and car parts, which is set to boost the country's slow economic growth.

Thu, 20 Apr 2017 02:14:33 GMT

Refugees crossing into Canada rise with warmer weather

The Government data showed that 887 asylum seekers were caught as they were illegally crossing into Canada from the US in March, nearly triple the amount in January.

Wed, 19 Apr 2017 20:09:52 GMT

FED to shed bond holdings to keep interest rate hike

According to Boston Fed President Rosengren, the US Fed should gradually shed its bond holdings as soon as possible to keep the planned interest rate hikes. 

Wed, 19 Apr 2017 20:08:11 GMT

US money market fund assets drop this week

According to iMoneyNet, the US taxable money market fund assets inched $9.59B lower to $2.476T this week, while tax-free money market assets dipped $1.19B to $129.15B.

Wed, 19 Apr 2017 19:10:15 GMT

Amazon presents voice-powered technology

Amazon.com Inc presented a technology powering Alexa, analogue to Apple's Siri, a voice assistant that would allow people to control software using only their voice. 

Wed, 19 Apr 2017 19:09:20 GMT

Erdogan promises to reinstate death penalty

Immediately after winning the latest referendum Turkey's President Erdogan promised to restore the death penalty, a reform that was abolished 15 years ago to join the EU.

Wed, 19 Apr 2017 18:16:19 GMT

South Africa's credit rating downgrades amid political uncertainty

According to S&P Global Ratings, South African credit rating could downgrade even further due to political uncertainty that has been triggered by the dismissal of Finance Minister.

Wed, 19 Apr 2017 18:08:09 GMT

US FIO to study insurance departments' budgets

According to a bipartisan policy group, the US FIO would investigate how much money state insurance departments have received from their recommend appropriate levels and legislatures.

Wed, 19 Apr 2017 16:56:31 GMT

House Oversight Chairman to leave Congress next year

Jason Chaffetz, the Chairman of the House Oversight and Government Reform Committee, reported on Wednesday that he would not run for re-election next year.

Wed, 19 Apr 2017 16:55:32 GMT

Oil prices drop following weak EIA data

Oil prices fell on Wednesday after the EIA Weekly Petroleum Status Report showed a smaller-than-expected drop in US crude oil inventories and higher oil production.

Wed, 19 Apr 2017 16:27:24 GMT

PPG Industries win support from Elliott Advisors

Pittsburg's PPG Industries turned down the proposal of Denmark's Akzo Nobel on Wednesday and won support from Elliott Advisors, the British arm of New York hedge fund Elliott Management.

Wed, 19 Apr 2017 16:26:32 GMT

Turkey's opposition party leaves parliament

The Republican People's Party, Turkey's centre-right main opposition party, announced its withdrawal from the parliament amid the Sunday referendum results, local media reported on Wednesday.

Wed, 19 Apr 2017 15:02:18 GMT

AfD party leader refuses to support anti-immigration campaign

The leader of the far-Right Alternative for Germany party Frauke Petry said on Wednesday that she would not support the anti-immigration party's campaign ahead of the September 24 federal election.

Wed, 19 Apr 2017 15:00:20 GMT

Trump's tax cuts to lead to harmful risk-taking

On Wednesday, the IMF said that Donald Trump's potential tax cuts and changes to financial regulations would lead to risk-taking behaviour, which played a critical role in the global financial crisis.

Wed, 19 Apr 2017 14:32:05 GMT

OPEC to meet non-OPEC members on May 25

The Organization of Petroleum Exporting Countries said on Wednesday it would meet with non-OPEC countries at its next conference on May 25.

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