News

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Sun, 10 Feb 2019 06:11:27 GMT

Chairman: Credit Suisse Investment Bank won't decline

The Chairman of Credit Suisse Investment Bank Urs Rohner said in an interview that the company would not shrink further, as he highlights the number two Swiss Bank's dedication to the business.

Sun, 10 Feb 2019 05:02:53 GMT

Salvini promise to replace Italy's Central Bank top officials

On Saturday, the Italian populist leader Matteo Salvini pledged to remove top officials from Italy's Central Bank.

Sun, 10 Feb 2019 05:01:42 GMT

Venezuela plans to remove top US executives from Citgo board

Venezuela's PDVSA is planning to replace two US executives from the board of directors of Citgo Petroleum Corp.

Sat, 09 Feb 2019 21:01:47 GMT

German manufacturing orders decline

Orders in the German manufacturing sector declined 1.6% in December compared to the previous month, the Federal Statistical Office Destatis reports.

Sat, 09 Feb 2019 21:00:47 GMT

German Daimler net income declines in 2018

Daimler earned a net profit of €7.6B in 2018, a decline of €3B compared to the prior year, the German car producer reports.

Sat, 09 Feb 2019 19:48:57 GMT

IMF completes review of Jordan economy

The International Monetary Fund has completed a review of Jordan's economy before providing a $700M loan to the country.

Sat, 09 Feb 2019 19:48:04 GMT

Egypt plans to establish free economic zone in Djibouti

The Egyptian Foreign Minister Sameh Shoukry meets with his Djiboutian counterpart Mahmoud Ali Youssouf to discuss the establishment of an economic free zone in Djibouti.

Sat, 09 Feb 2019 19:30:35 GMT

EU revises Portugal growth to 1.7%

The European Commission revised its growth forecast for the Portuguese economy to 1.7% in 2019, a decline from a previous estimate of 2.2%.

Sat, 09 Feb 2019 19:29:38 GMT

UK house prices decline in January

The average price of a home in the UK dropped 2.9% to £223,691 in January as uncertainty over Brexit undermined confidence, the London-based Evening Standard reports.

Sat, 09 Feb 2019 18:28:19 GMT

Myanmar attracts 3.5M tourists in 2018

Myanmar attracted around 3.5M foreign tourists in 2018, a 3.15% increase compared to the year 2017, the Hotel and Tourism Ministry reports.

Sat, 09 Feb 2019 18:27:44 GMT

Morocco, Croatia to improve bilateral cooperation

The Moroccan Prime Minister Saad Eddine El Othmani and the Croatian Deputy Prime Minister and Foreign Minister Marija Pejcinovic Buric agreed to improve bilateral ties.

Sat, 09 Feb 2019 17:26:10 GMT

China production goods prices decline

Prices of most production goods, including seamless steel tubes, gasoline and coal, declined in the last days of January, the National Bureau of Statistics reports.

Sat, 09 Feb 2019 17:25:30 GMT

Cambodia Post reports profits hike

Revenues of the state-owned Cambodia Post have increased 55% to $13.16M in 2018 from $8.49M the previous year, an annual report shows.

Sat, 09 Feb 2019 16:05:48 GMT

Rohner says Credit Suisse Investment Bank won't decline

The Chairman of Credit Suisse Investment Bank Urs Rohner said in an interview that the company shares would not shrink further.

Sat, 09 Feb 2019 16:04:22 GMT

China-US trade talks to begin next week

The United States and China are preparing to begin trade negotiations next week, as the US negotiators plan to push China on intellectual property.

Fri, 08 Feb 2019 20:52:20 GMT

ADB, AFD to increase financing to $5B in next 3 years

The Asian Development Bank and Agence Francaise de Developpement plan to increase financing to $5B in the next 3 years from $3B to scale up investment efforts in the region.

Fri, 08 Feb 2019 20:51:21 GMT

ISTAT: Italian industrial output shrinks

The Italian industrial output shrank last year and other indicators suggested a "deteriorating" outlook for the economy, the National Statistics Institute ISTAT reports.

Fri, 08 Feb 2019 20:39:53 GMT

Japan agriculture exports hit record

The Japanese exports of agriculture, forestry and fisheries increased to a record high of $8.3B in 2018, the Ministry reports.

Fri, 08 Feb 2019 20:39:13 GMT

ADB provides $50M to promote Bangladesh small business development

The Asian Development Bank and the Bangladesh government signed a $50M agreement to promote small business development in the country.

Fri, 08 Feb 2019 19:00:05 GMT

German exports rise 3% in 2018

German exports increased by 3% to an all-time high of $1.49T in 2018, the German Federal Statistical Office Destatis reports.

Fri, 08 Feb 2019 18:53:21 GMT

Zimbabwean president visits Ethiopia

The Zimbabwean President Emmerson Mnangagwa visits Ethiopia to participate in the 32nd Ordinary Session of the Assembly of the African Union with other African leaders.

Fri, 08 Feb 2019 18:23:18 GMT

Canada unemployment rate rises

The Canadian jobless rate increased to 5.8% from 5.6% in December despite adding 66,800 new jobs, the Statistics Canada reports.

Fri, 08 Feb 2019 18:16:50 GMT

Banks in Albania report net profit of $168M in 2018

The Albanian banks reported a net profit of $168M in 2018, a 17% decline from the previous year, the Bank of Albania reports.

Fri, 08 Feb 2019 16:48:52 GMT

Sprint sues AT&T due to 5G branding

Late on Thursday, Spring Corporation sued AT&T for misleading consumers that they are using still not developed fifth generation wireless networks.

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