News

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Thu, 02 Jan 2020 13:56:15 GMT

Global stocks rally

As it is accustomed, on the first day of the year's trading, global stock indices surged, as buying back of stocks was occurring.

Thu, 02 Jan 2020 12:42:32 GMT

UK businesses report Brexit certainty

On Thursday, results of a UK business survey done in December reported a decline in Brexit related uncertainty.

Thu, 02 Jan 2020 11:40:26 GMT

Oil prices start year higher

At the start of 2020 trading, crude oil price benchmarks traded higher. The higher start of the year was attributed to a number of minor factors.

Thu, 02 Jan 2020 11:05:43 GMT

Asian shares surge

During Thursday's Asian trading, Asian stock indices surged in value, as New Year's buy backing by investors was occurring.

Thu, 02 Jan 2020 10:01:33 GMT

Bosch to offer cheaper lidar sensor for self-driving vehicles

Germany's Bosch said on Thursday that it had developed lidar sensors, which allow vehicles to view three-dimensional of the road, as the company aim to offer cheaper lidar sensor for self-driving cars.

Thu, 02 Jan 2020 09:01:51 GMT

Kia and Hyundai expect 2020 sales rebound

The South Korean automakers Kia Motors and Hyundai Motor expect their 2020 sales to increase by 5%, after missing their target in 2019.

Thu, 02 Jan 2020 08:02:49 GMT

Tesla to deliver next batch of China-made Model 3s on Jan 7

According to Tesla's representative, Tesla Inc would deliver the next batch of China-made Model 3s to customers on January 7.

Thu, 02 Jan 2020 05:44:22 GMT

Singapore reveals decade-low GDP growth

Singapore's GDP grew at its slowest pace in a decade of 0.7% last year, amid a decline in the manufacturing sector and affects of the US-China trade war.

Thu, 02 Jan 2020 05:01:12 GMT

Czech Republic to allow higher budget deficit

The Czech government is set to allow the 2020 state budget deficit to increase beyond a planned £1.34B gap to rise investments, if the slowdown deteriorates.

Thu, 02 Jan 2020 03:36:25 GMT

Turkey puts off tax hike on tobacco, alcohol

Turkey announced that it will not raise tax on tobacco products and alcohol in the H1 of this year, in a move seen curbing inflation and raising prospects for rate cuts.

Wed, 01 Jan 2020 21:56:02 GMT

South Korean exports fall less than expected

South Korean exports declined 5.2% year-on-year in December, though less than anticipated, owing to improved demand from China and recovered chip prices.

Wed, 01 Jan 2020 20:43:57 GMT

Saudi Arabia's economy contracts in Q3

Saudi Arabia's economy contracted 0.46% year-on-year in the Q3, affected by oil output drop, as the OPEC diminished production.

Wed, 01 Jan 2020 19:51:17 GMT

Egypt's M2 money supply rises 13.16%

Egypt's M2 money supply increased 13.16% year-over-year in the month of November, the country's Central Bank revealed.

Wed, 01 Jan 2020 18:55:30 GMT

Israeli economic growth weakens to 3.3%

Israel's economy expanded 3.3% in 2019, the weakest pace in three years and below 3.4% growth registered in 2018, the preliminary estimate showed.

Wed, 01 Jan 2020 17:42:53 GMT

Vivendi to sell stake in Universal

Vivendi agreed to sell 10% stake in Universal Music Group to Tencent-led consortium within a deal valuing the UMG at £25.9B.

Wed, 01 Jan 2020 17:24:16 GMT

UK to raise minimum wage more than 6%

Britain's minimum wage is likely to be increased at least 6% in 2020, taking it to £8.74 pounds an hour.

Wed, 01 Jan 2020 15:43:15 GMT

People's Bank of China says economic growth resilient

On Wednesday, the People's Bank of China said that economic growth remains strong in spite of tremendous pressure.

Wed, 01 Jan 2020 15:08:01 GMT

Qinghai Salt Lake Potash fails to sell assets

On Wednesday, Qinghai Salt Lake Industry Group, China's biggest potash producer, failed to sell its assets on an e-commerce website, putting it at risk of delisting from the Shenzhen Stock Exchange.

Wed, 01 Jan 2020 13:54:51 GMT

Samsung halts chip production due to blackout

Samsung Electronics Co partly stopped some DRAM and NAND flash chip production at its Hwaseong complex in South Korea due to power failure, the company announced on Wednesday.

Wed, 01 Jan 2020 12:51:42 GMT

People's Bank of China cuts reserve ratios

The People's Bank of China announced on Wednesday that it would cut banks' reserve requirement ratio by 50 basis points.

Wed, 01 Jan 2020 12:05:26 GMT

Khamenei condemns US airstrikes in Iraq

On Wednesday, the Iranian Supreme Leader Ayatollah Ali Khamenei condemned the deadly US airstrikes that targeted an Iran-backed Iraqi militia in Iraq.

Wed, 01 Jan 2020 11:02:02 GMT

France's CGT calls for more strikes

On Wednesday, Philippe Martinez, the head of the French CGT union, called for more strikes to counter President Emmanuel Macron's pension reform.

Wed, 01 Jan 2020 10:02:48 GMT

Ghosn joins list of former executives fighting extradition

The ousted Nissan Motor CEO Carlos Ghosn, who escaped to Lebanon, joins the lists of other former or current corporate executives fighting extradition requests.

Wed, 01 Jan 2020 08:57:32 GMT

Trump to sign phase 1 of US-China trade deal on Jan 15

On Tuesday, the US President Donald Trump said that he would sign the Phase 1 trade agreement with China on January 15 at the White House.

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