News

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Thu, 21 Feb 2019 05:28:30 GMT

Japan manufacturing declines amid trade war

Japan's manufacturing activity shrunk in the month of February for the first time since 2016, as factories cut back production due to shrinking export and domestic orders, a private business survey revealed.

Thu, 21 Feb 2019 05:25:18 GMT

US health spending to increase 5.5% yearly

The US health spending is set to grow at 5.5% rate every year over the decade and is likely to reach $6 trillion by 2027, a government health agency stated.

Thu, 21 Feb 2019 03:37:22 GMT

Ecuador signs $4.2B financing deal with IMF

Ecuador reached a staff-level financing deal worth $4.2B with the International Monetary Fund, as the country grappled with a heavy fiscal deficit and external debt.

Thu, 21 Feb 2019 03:34:46 GMT

SK Hynix to build four new semiconductor fabs

South Korea's SK Hynix announced plans to invest $106.66B to build four semiconductor fabs after three years in the country, the second-biggest memory chipmaker stated.

Wed, 20 Feb 2019 21:01:17 GMT

Saudi Arabia to release 850 Indians from its prisons

On Wednesday, India's Foreign Ministry said that Saudi Arabia would release about 850 Indians from its jails after Narendra Modi, the Indian Prime Minister made the request.

Wed, 20 Feb 2019 21:01:07 GMT

UK's Ministers may vote against Britain leaving EU on March 29

According to a Bloomberg report, up to 15 British government Ministers could vote to stop the UK from leaving the EU on March 29 in case of no Brexit agreement.

Wed, 20 Feb 2019 20:00:50 GMT

US President Trump expects to visit Japan in May

On Wednesday, a White House official said that the US President Donald Trump would visit Japan in May for a meeting with the country's new Emperor.

Wed, 20 Feb 2019 20:00:36 GMT

Investors await US Federal Reserve's minutes

US stocks traded sideways on Wednesday, as investors and traders awaited the US Federal Reserve January's minutes.

Wed, 20 Feb 2019 19:04:49 GMT

US says Putin nuclear comments is propaganda

On Wednesday, the United States dismissed the Russian President Vladimir Putin nuclear comments, calling it a Russia propaganda.

Wed, 20 Feb 2019 19:04:33 GMT

Putin says Moscow is prepare to cut time for nuclear strike on US

On Wednesday, the Russian President Vladimir Putin said that Moscow is ready to match any US move to send nuclear missiles closer Russia.

Wed, 20 Feb 2019 18:02:38 GMT

Three pro-EU lawmakers quit UK's Conservative Party

On Wednesday, three lawmakers walked out of UK Prime Minister Theresa May's Conservative Party, as she returned to Brussels to seek more concession.

Wed, 20 Feb 2019 18:02:26 GMT

Spanish Foreign Ministry says EU will not renegotiate Brexit agreement

According to Spain's Foreign Ministry source, the European Union won't renegotiate the Brexit deal. However, there might be a room of manoeuvre on the Irish backstop.

Wed, 20 Feb 2019 16:43:44 GMT

Chinese Premier comments on monetary policy

The Premier of China LI Keqiang announced on Wednesday that the Chinese People's Republic is not planning to change its monetary policy and resort to overstimulating the economy.

Wed, 20 Feb 2019 16:43:39 GMT

French court fines UBS

On Wednesday it was announced by a French court that it is fining the Swiss financial group UBS AG. The total fine amounts to 4.5 billion euros. The bank is being fined for client solicitation and tax evasion.

Wed, 20 Feb 2019 16:15:56 GMT

Top Tesla legal counsel quits

The top lawyer of Tesla Incorporated quit on Wednesday. Dane Butswinkas quit only after two months on the job.

Wed, 20 Feb 2019 16:15:47 GMT

UK Conservatives quit party

Three UK Conservative party members have quit the party. The reason for the event was named the current government's disastrous handling of the Brexit.

Wed, 20 Feb 2019 14:43:57 GMT

Germany and France combine arms exports

On Wednesday, representatives of the German government announced that Germany and France will develop common guidelines for exporting armaments.

Wed, 20 Feb 2019 14:43:46 GMT

Global stocks continue to surge

By the middle of Wednesday's London session global stock indices were surging around the globe. The surge was mainly attributed to the fact that global central banks were intending to continue their monetary stimulation programs.

Wed, 20 Feb 2019 14:02:13 GMT

PM May comments on Honda

The Prime Minister of the United Kingdom on Wednesday commented that Honda's plan to leave the United Kingdom cannot be blamed on Brexit.

Wed, 20 Feb 2019 14:02:06 GMT

European markets remain steady

European stock indices on Wednesday traded steady despite large losses booked by Swedbank and Sainsbury, which were expected to keep the stock benchmarks down.

Wed, 20 Feb 2019 12:53:39 GMT

CVS misses profit forecast

The CVS Health Corporation missed its annual profit forecasts. Due to that reason the shares of the company plummeted by five percent.

Wed, 20 Feb 2019 12:51:15 GMT

US Dollar trades steady

On Wednesday, the value of the US Dollar remained steady. The reason for the sideways trading was the fact that the markets were expecting the Federal Open Markets Committee Meeting Minutes, which were set to be published at 19:00 GMT.

Wed, 20 Feb 2019 12:10:01 GMT

Kim Hyok Chol arrives in Vietnam ahead of Trump-Kim meeting

Kim Hyok Chol, North Korea's Special Envoy, arrived in Vietnam on Wednesday, before the second summit between the US President Donald Trump and the North Korean leader Kim Jong Un.

Wed, 20 Feb 2019 12:08:22 GMT

May makes another visit to Brussels

On Wednesday, the UK Prime Minister travelled to Brussels to meet with the European Commission President Jean-Claude Juncker, as she seeks Brexit changes.

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