News

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Sat, 16 Feb 2019 12:16:53 GMT

US calls EU to drop Iran nuclear deal

On Saturday, the US Vice President Mike Pence called Germany, France and other countries of the European Union to withdraw from the Iran nuclear deal.

Sat, 16 Feb 2019 12:13:17 GMT

US urges EU to recognize Guaido

The US Vice President Mike Pence on Saturday called the European Union to recognize Juan Guaido as the new President of Venezuela.

Sat, 16 Feb 2019 11:20:35 GMT

Trump tries to push border wall

On Friday, the US President Donald Trump proclaimed national emergency in an attempt to allocate funds for construction of the border wall without approval from the Congress.

Sat, 16 Feb 2019 11:15:31 GMT

Germany considers Russia a partner

The German Chancellor Angela Merkel stated on Saturday that it wan in European interests to treat Russia as a partner and to allow it to become dependent solely on China.

Sat, 16 Feb 2019 10:13:58 GMT

Nigeria moves elections to next weekend

The head of Nigerian Electoral Commission Mahmood Yakubu stated on Saturday that the presidential elections were rescheduled to February 23, as a step needed to ensure transparent elections.

Sat, 16 Feb 2019 10:09:28 GMT

US understands India's anger over Kashmir attack

The Foreign Ministry of India stated on Saturday that the United States backs the country's right to take defensive measures, especially in light of militants attack in Kashmir.

Sat, 16 Feb 2019 08:53:10 GMT

Honda Motor recalls Ridgelines amid fire danger

Honda recalled more than 107K of Ridgeline pickup trucks amid a flaw, which could spark, fire following exposure to corrosive soap in car washes.

Sat, 16 Feb 2019 08:53:01 GMT

Renault profits fall sharply last year

Renault profits dropped markedly in 2019 from a record $5.75B in the prior year, the French automaker stated in the first annual report since the arrest of former CEO Carlos Ghosn.

Sat, 16 Feb 2019 07:52:08 GMT

HNA diminishes stake in Deutsche Bank

China's conglomerate HNA cut the stake in Deutsche Bank to 6.3%, according to the US SEC filing, which marked a reduction from 7.64% of voting rights in the recent filing in Germany.

Sat, 16 Feb 2019 07:48:46 GMT

Mattel forecasts weak 2019

Mattel announced a disappointing forecast for this year and stated that demand for the company's iconic Barbie doll slowed, triggering an 18% decline in shares.

Sat, 16 Feb 2019 07:31:00 GMT

Citi US economic index falls markedly this week

Citi Research's gauge over the US economic data fell surprisingly 40.7 points this week for the biggest weekly drop in eight years, as the latest report on factory output and retail sales missed market expectations.

Sat, 16 Feb 2019 07:29:30 GMT

Mastercard, Visa mull rising fees for transactions' processing

Mastercard and Visa, the two largest US card networks, were preparing to increase certain fees laid on the US merchants for processing of transactions starting from this April, the WSJ reported.

Sat, 16 Feb 2019 06:30:51 GMT

Mexico to invest $3.9B in Pemex

Mexico is set to inject $3.9B into ailing state oil firm Pemex, officials stated, pledging to strengthen finances and prevent a downgrade in further credit.

Sat, 16 Feb 2019 06:28:14 GMT

China's Didi plans Peru, Chile launches to take on rival Uber

China's ride-hailing major Didi Chuxing announced plans to take over the US rival Uber in some of Latin America's expanding markets, recruiting managers in Peru, Chile and Colombia.

Sat, 16 Feb 2019 04:57:36 GMT

Levi Strauss files for IPO

Jeans producer Levi Strauss filed documents to list the company on the NYSE, seeking to come back to the public market after more than 30 years.

Sat, 16 Feb 2019 04:55:17 GMT

Pioneer Natural Resources: profit falls year-over-year in Q4

Pioneer Natural Resources, the US shale producer, reported $1.18 profit per share in the Q4, falling from $1.22 in the same quarter of 2018, the company stated.

Sat, 16 Feb 2019 03:46:03 GMT

Saudis launch $8B in development projects

Saudi Arabia's King Salman launched $8B worth projects in the capital Riyadh, the latest within series of high-profile investment announcements.

Sat, 16 Feb 2019 03:45:17 GMT

Germany, France to get battery plant within joint plan

A new plan of Franco-German cooperation over battery cell production is set to include two factories' construction, one in Germany and one in France, the French President Emmanuel Macron stated.

Fri, 15 Feb 2019 20:48:37 GMT

Mongolia GDP grows 6.9% in 2018

Mongolia's GDP grew 6.9% 2018 to $6.8B, compared to the year 2017, above a 6.4% forecast made by the Asian Development Bank, the National Statistical Office reports.

Fri, 15 Feb 2019 20:47:36 GMT

UK retail sales rise in January

British retail sales rose 4.2% in January, compared to the same period in 2018, reaching the highest level since December 2016, the Office for National Statistics reports.

Fri, 15 Feb 2019 19:52:39 GMT

More Chinese tourists visit Morocco

More than 180,000 Chinese tourists visited Morocco in 2018 after the country announced visa exemption for Chinese citizens, Morocco's Tourism Ministry reports.

Fri, 15 Feb 2019 19:51:54 GMT

Zimbabwe inflation soars

The Zimbabwean inflation jumped 56.90% in January 2019, compared to the same period the prior year, the Zimbabwe National Statistics Agency reports.

Fri, 15 Feb 2019 19:37:26 GMT

Allianz reports record profits in 2018

The German insurance giant Allianz reported an operating profit of €11.5B in 2018, an increase of 3.7% compared to 2017, according to preliminary data published by the company.

Fri, 15 Feb 2019 19:36:39 GMT

Ukraine GDP increases 3.4% in Q4

The Ukrainian GDP grew 3.4% in the fourth quarter of 2018 compared to the same period the previous year, the Economic Development and Trade Ministry reports.

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