News

Note: This section contains information in English only.
Fri, 15 Feb 2019 17:54:37 GMT

China forex reserves increase in January

The Chinese foreign exchange reserves increased to $3.09T at the end of January, the State Administration of Foreign Exchange reports.

Fri, 15 Feb 2019 17:53:28 GMT

Britain trade deficit widens in 2018

Britain's trade deficit widened £8.4B to £32.3B in 2018 as the country increased import of services by £7.2B compared to the prior year, the Office for National Statistics reports.

Fri, 15 Feb 2019 17:30:24 GMT

DSV lifts its offer for Panalpina

On Friday, DSV, the Danish freight forwarder, announced it had increased its offer for the Swiss transport and logistics firm Panalpina on February 6 to the all-cash bid at 180 francs for a share.

Fri, 15 Feb 2019 17:24:40 GMT

JPX, TOCOM plan merger in 2019

Japan Exchange Group has made a decision to merge with the Tokyo Commodity Exchange this year, as the country seeks creating an all-in-one bourse, with JPX to make an offer to acquire all of the TOCOM shares.

Fri, 15 Feb 2019 16:20:02 GMT

Alibaba considers taking stake in Metro

Alibaba Group Holding, the Chinese e-commerce major, has entered talks with the German wholesaler Metro to acquire a stake in its China's operations, sending Metro's shares up 0.6% on the news.

Fri, 15 Feb 2019 16:15:47 GMT

Shell acquires Germany's solar battery producer

Royal Dutch Shell is set to acquire Germany's residential solar battery manufacturer sonnen, as the gas and oil giant's seeks expansion of its electricity business, with the deal expected to be approved in this year's first quarter.

Fri, 15 Feb 2019 14:23:50 GMT

Russian bombers fly near Japan

According to the Interfax news agency, Russian bombers capable to carry nuclear bombs on board completed a training flight over the Sea of Japan.

Fri, 15 Feb 2019 14:18:59 GMT

US-China talks to resume next week

The White House Press Secretary Sarah Sanders stated on Friday that the US-China trade talks would continue next week in order to meet the deadline set for March 1.

Fri, 15 Feb 2019 13:25:43 GMT

Spain to hold snap elections in April

The Prime Minister of Spain, Pedro Sanchez is expected to to schedule the date of early parliamentary elections for April 28.

Fri, 15 Feb 2019 13:21:21 GMT

Ireland names deadline for decision on Brexit

The Foreign Minister of Ireland, Simon Coveney stated on Friday that the deadline for the final decision in terms of the UK exit from the European Union should not be later than end-June.

Fri, 15 Feb 2019 12:44:17 GMT

Eurozone trade surplus in goods decline in January

According to Eurostat on Friday, the Eurozone trade surplus declined in 2018 against the rest of the world because of massive imports.

Fri, 15 Feb 2019 12:44:08 GMT

European shares bounce after data reports

On Friday, European stocks rebounded after weak Chinese and US economic data briefly sent the world equity markets into a decline.

Fri, 15 Feb 2019 11:18:18 GMT

Proposed 25% import tariffs on cars by US could cut German exports

A study by Germany's Ifo institute shows that the proposed Washington 25% tariffs on cars could halve German car exports to the United States.

Fri, 15 Feb 2019 11:17:52 GMT

British retail sales rebound in January

UK retail sales surged in January, as shoppers were attracted by clothing discounts, easing a slowdown in consumer spending before Brexit.

Fri, 15 Feb 2019 10:34:19 GMT

Air France Chief meets Dutch ministers

On Friday, the Air France CEO Pieter Elbers met with the Finance and Transport Ministers of Netherlands to discuss the company's plans to strengthen integration with its subsidiary KLM.

Fri, 15 Feb 2019 10:28:15 GMT

Lloyd hires new CFO

The British Lloyds Banking Group stated on Friday that it had selected Morgan Stanley's senior banker William Chalmers as its new CFO.

Fri, 15 Feb 2019 09:26:34 GMT

Banca Carige refutes La Stampa's publication

On Friday, Italian Banca Carige rebutted a report published by the La Stampa newspaper that the lender's customers had withdrawn €3B worth of deposits.

Fri, 15 Feb 2019 09:23:02 GMT

Mnuchin remains satisfied with talks with China

The US Treasury Secretary Steven Mnuchin stated on Friday that trade talks with the Chinese Vice Premier Liu He had been productive.

Fri, 15 Feb 2019 08:22:19 GMT

France urges UK to decide on Brexit as fast as possible

The French European Affairs Minister Nathalie Loiseau on Friday urged the British politicians to decide as fast as possible how they would leave the European Union.

Fri, 15 Feb 2019 08:18:20 GMT

Baker says May's alliance with opposition may end badly for her

One of the British senior lawmakers Steve Baker stated on Friday that Theresa May's government would inevitably fall if she allied with the opposition Labour Party in order to push her Brexit deal.

Fri, 15 Feb 2019 07:23:05 GMT

Samsung plans to take advantage of Huawei's weakness

According to industry experts, Samsung is allocating resources into its equipment business for telecom networks, thus trying to take advantage of Huawei's turbulence.

Fri, 15 Feb 2019 07:16:14 GMT

Goldman says ratification of Brexit deal remains possible

According to Goldman Sachs projection, the is a 50% chance that the British Prime Minister Theresa May would manage to ratify her Brexit deal.

Fri, 15 Feb 2019 06:14:05 GMT

China's Didi to fire 15% of its workers

According to a source familiar with the matter, China's technology conglomerate Didi plans to cut its staff by nearly 15% this year.

Fri, 15 Feb 2019 06:10:59 GMT

India to adopt sanctions against Pakistan

In response to Islamists' attack on Indian policemen, the country's Finance Minister Arun Jaitley stated that the government would recall all trade privileges and take other diplomatic actions to "completely isolate" Pakistan.

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