News

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Sun, 01 Sep 2019 02:31:08 GMT

South Korean exports decline

On Sunday, South Korean export data was published. The data revealed that exports have declined for nine consecutive months.

Sat, 31 Aug 2019 20:26:08 GMT

China's logistics continue to grow in H1

According to the National Development and Reform Commission, China's logistics sector showed 5.9% growth in first half of 2019.

Sat, 31 Aug 2019 20:25:55 GMT

ICBC reports 5% profit growth

The Industrial and Commercial Bank of China (ICBC) reported on Saturday a 5% net profit growth in H1.

Sat, 31 Aug 2019 18:02:58 GMT

Brazil's unemployment rate drops to 11.8%

According to the Brazilian Institute of Geography and Statistics, the country's unemployment rate fell to 11.8%, though it was not supported by an increase in formal employment.

Sat, 31 Aug 2019 17:10:42 GMT

US to strengthen cooperation with Poland and Ukraine

The US Energy Secretary Rick Perry stated on Saturday that the US has agreed to help Poland and Ukraine to lower their dependency from Russian gas supplies.

Sat, 31 Aug 2019 15:40:01 GMT

UK Finance Minister comments on relations with PM

On Saturday, the Finance Minister of the United Kingdom announced that contrary to various reports he has a fantastic relationship with the Prime Minister.

Sat, 31 Aug 2019 15:26:46 GMT

Iran comments on oil sales

On Saturday, Iranian officials stated that the United States have been flexible in regards to licensing Iranian crude oil sales.

Sat, 31 Aug 2019 14:06:52 GMT

New governors lead Turkish central bank

On Saturday, Murat Cetinkaya of Bora Istanbul and Oguzhan Ozbas officially were appointed as deputy governors of the central bank of Turkey.

Sat, 31 Aug 2019 13:01:09 GMT

Twitter CEO's account is hacked

On Friday, the account of the CEO of Twitter Jack Dorsey was breached. The hacker managed to send out public tweets and retweets to followers before being secured.

Sat, 31 Aug 2019 11:40:01 GMT

Volkswagen repays US customers

In the aftermath of US officials revealing that Volkswagen software overstates fuel economy, the company is set to repay damages to 98,000 customers.

Sat, 31 Aug 2019 11:17:56 GMT

Volkswagen overstates fuel economy

On Friday, the US Environmental Protection Agency announced that Volkswagen auto software overstated fuel economy on 98,000 vehicles.

Sat, 31 Aug 2019 10:07:24 GMT

Google is fined by FTC

On Friday, Reuters revealed that the US Federal Trade Commission has fined Google $200 million for violations of privacy at YouTube.

Sat, 31 Aug 2019 08:08:52 GMT

Oil ends week with gains

On Friday, crude oil price benchmarks declined, as US crude declined as much as three percent. Despite the decline, the commodity's price increased on a weekly scale.

Sat, 31 Aug 2019 07:34:16 GMT

BOC approves $140B credit for BRI projects

According to a report released on Friday, the Bank of China (BOC) has approved nearly $140B of credit for the implementation of the Belt and Road Initiative (BRI).

Sat, 31 Aug 2019 06:20:19 GMT

China's manufacturing PMI down in August

The China's National Bureau of Statistics reported on Saturday that the country's manufacturing PMI fell by 0.2 points in August, reaching 49.5.

Sat, 31 Aug 2019 05:22:54 GMT

FCC to approve Nexstar-Tribune deal

On Friday, the head of the Federal Communications Commission (FCC) Ajit Pai got an approval from his colleagues regarding a $6.4B merger of Nexstar Media and Tribune Media.

Sat, 31 Aug 2019 04:32:21 GMT

China's non-manufacturing PMI continues to rise in August

According to official data published on Saturday, the China's non-manufacturing PMI increased by 0.1 points in August, reaching 53.8.

Fri, 30 Aug 2019 20:15:24 GMT

General Motors cuts operations in Thailand

On Friday, General Motors stated that the company has cut around 350 jobs in its Thailand subsidiary's operations.

Fri, 30 Aug 2019 18:43:09 GMT

Xiaomi dumps mainland share offering plan

Xiaomi Corp, the Chinese smartphone maker, announced on Friday that it has decided to terminate the proposed CDR offering in order to focus on its business development.

Fri, 30 Aug 2019 17:52:24 GMT

US stocks edge higher on trade hopes

Wall Street's main indexes edged higher on Friday, buoyed by an easing of US-China trade rhetoric. The benchmark S&P 500 index is now at 3% off its record high, hit in late July.

Fri, 30 Aug 2019 16:53:26 GMT

Crude oil prices surrender some of their recent gains

On Friday, crude oil prices surrendered some of its recent gains, but were still on track for the biggest weekly gain since July, buoyed by an easing of trade tensions between the United States and China.

Fri, 30 Aug 2019 15:58:28 GMT

Italy's 5-Star Movement sets out conditions for coalition with PD

On Friday, the leader of Italy's 5-Star Movement said that his party would not enter a coalition government with the Italian centre-left Democratic Party unless its policy program was adopted.

Fri, 30 Aug 2019 15:08:39 GMT

Trump accuses Fed of inaction, as Euro slides US Dollar

On Friday, the US President Donald Trump said in a Twitter post that the Eurozone single currency is dropping against the US Dollar like crazy, as he blamed the US Federal Reserve of inaction.

Fri, 30 Aug 2019 14:39:13 GMT

AirAsia trims order plans for Airbus A330neo

AirAsia Group, the Malaysian budget carrier, has dropped its plans to order the Airbus A330neo wide-body passenger aircraft on Friday, shifting focus to the A321 long-range new version.

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