News

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Thu, 21 Feb 2019 16:43:07 GMT

UK posts record budget surplus

The Finance Minister of the United Kingdom Philip Hammond announced on Thursday that the United Kingdom in January has reached a record fiscal budget surplus.

Thu, 21 Feb 2019 16:42:58 GMT

Global stocks remain near high levels

On Thursday, global stock indices traded near a four month low level. The surge was mostly attributed to the monetary stimulus conducted by the global powers.

Thu, 21 Feb 2019 15:55:53 GMT

Trump comments on 5G network

The President of the United States Donald Trump on Thursday called upon US telecommunications sector to increase their efforts to develop a faster 5G communications network.

Thu, 21 Feb 2019 15:33:29 GMT

US Agriculture Secretary comments on NAFTA

On Thursday the Agriculture Secretary of the United States announced that he hopes that the new NAFTA agreement will be ratified by summer.

Thu, 21 Feb 2019 14:42:58 GMT

US jobless claims decline

On Thursday, US government data revealed that the weekly US unemployment claims have decreased by 23,000.

Thu, 21 Feb 2019 14:20:48 GMT

US Durable Goods Orders fall

Data released on Thursday revealed that US Durable Goods Orders and Core Durable Goods Orders were not only below market forecasts, but also revealed that orders have declined.

Thu, 21 Feb 2019 13:45:30 GMT

Apple and Goldman Sachs combine efforts

The Wall Street Journal on Thursday announced that Apple and Goldman Sachs have combined their forces to launch a new credit card, which would be paired with iPhones.

Thu, 21 Feb 2019 13:45:05 GMT

No-deal Brexit risk increases

On Thursday, the European Commission's deputy head announced that the risk of a no deal Brexit occurring on March 29 has increased.

Thu, 21 Feb 2019 12:55:09 GMT

Global sovereign debt increases

S&P Global on Thursday announced that the global sovereign debt will increase to $50 trillion by the end of this year.

Thu, 21 Feb 2019 12:54:55 GMT

China sees rate cuts as last resort

On Thursday, a Reuters source revealed that the Chinese central bank sees the bank's benchmark interest rate cut as a last resort to stimulate the economy. Other tools are expected to be used for stimulus.

Thu, 21 Feb 2019 11:58:14 GMT

Danske Bank money laundering scandal deepened

Danske Bank said on Thursday that it got a request from the United States Securities and Exchange Commission over its involvements in the money laundering scandal.

Thu, 21 Feb 2019 11:58:03 GMT

Hammond says UK's Parliament may vote on Brexit deal next week

On Thursday, the British Finance Minister Philip Hammond said that UK's lawmakers could vote on Brexit agreement next week.

Thu, 21 Feb 2019 10:57:18 GMT

European shares decline on Thursday

On Thursday, European shares edged lower after data pointed that Eurozone factory output decline in January and worst-than-expected earnings reports.

Thu, 21 Feb 2019 10:57:06 GMT

Swedbank's shares slid more than 7% on Thursday

On Thursday, Swedbank's shares declined by about 7%, as investors worried about the lingering money laundering scandal.

Thu, 21 Feb 2019 10:16:59 GMT

Hammond says talk of warship deployment complicates China ties

On Thursday, the British Finance Minister Philip Hammond said that UK's talk of warship deployment to the Pacific has complicated ties with China.

Thu, 21 Feb 2019 10:14:49 GMT

Russian prosecutors charge US investor Calvey

On Thursday, Dmitry Kletochkin, the personal attorney of Michael Calvey, said that the Russian prosecutors have formally charged the US investor with fraud.

Thu, 21 Feb 2019 09:21:36 GMT

Vote on Brexit deal might happen next week

The British Chancellor of the Exchequer Philip Hammond stated on Thursday that the Parliament might vote on the altered Brexit deal already next week.

Thu, 21 Feb 2019 09:13:08 GMT

Saudi Aramco to sign investment deals with China

According to sources familiar with the matter, Saudi Aramco ready to sign preliminary investment deals regarding petrochemical and two oil refining complexes in China.

Thu, 21 Feb 2019 08:10:02 GMT

Italy's budget does not presuppose growth

According to a report published by the La Repubblica newspaper, the current Italy's budget lacks of measures that could stimulate economic growth, thus making the country dangerous for the rest of the Euro Zone.

Thu, 21 Feb 2019 08:05:22 GMT

China's customs checks coal imports

The Foreign Ministry of China Spokesman Geng Shuang stated on Thursday that the country's customs started checking coal imports for risks including impact on the environment.

Thu, 21 Feb 2019 07:15:16 GMT

Turkey criticizes EU Parliament's vote

On Wednesday, the European Parliament Foreign Affairs Committee voted for the postponement of talks over Turkey's accession to the EU, which Ankara called "unacceptable".

Thu, 21 Feb 2019 07:09:15 GMT

NASA warns of security and design concerns

On Wednesday, NASA's safety advisory panel presented an annual report where it listed four most important safety and design concerns addressed to Boeing Co and SpaceX.

Thu, 21 Feb 2019 06:01:24 GMT

StanChart sets aside $900M to cover UK, US fines

Standard Chartered set aside $900M to cover fines resulting from regulators' investigations in the United States and Britain, sending the company's shares down 1%.

Thu, 21 Feb 2019 06:01:13 GMT

Odebrecht to propose bondholder 70% losses

Brazil's conglomerate Odebrecht is set to ask bondholders to accept more than 70 % losses from their bonds' face value within a part of restructuring, two sources familiar with the matter stated.

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