News

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Thu, 07 Feb 2019 20:49:35 GMT

China telecom sector expands

The Chinese telecom sector expanded 3% to $190B in 2018, compared to the year 2018, the Ministry of Industry and Information Technology reports.

Thu, 07 Feb 2019 20:48:36 GMT

Philippines plans to attract 8.2M tourists

The Philippines plans to attract 8.2M tourists this year, an increase from 7.1M tourists in 2018, the Department of Tourism Secretary Bernadette Puyat says.

Thu, 07 Feb 2019 20:34:07 GMT

Chinese firms create 8,000 jobs in Zambia

Chinese companies have created more than 8,000 jobs at the Chambishi and Lusaka economic zones, the ZCCZ Corporate Affairs Manager Steven Lindunda says.

Thu, 07 Feb 2019 20:33:20 GMT

Russia warns US against use of force in Venezuela

The US should avoid using force to topple the legitimate government of Venezuela, the Russian Deputy Foreign Minister Sergei Ryabkov says.

Thu, 07 Feb 2019 19:27:55 GMT

EС lowers GDP forecast for Poland

The European Commission downgraded GDP growth forecast for Poland to 3.5% from 3.7% in 2019 and to 3.2% from 3.3% in 2020.

Thu, 07 Feb 2019 19:27:04 GMT

Tanzania pledges to enhance business environment

Tanzania pledges to improve the business environment and facilitate foreign and local investments, the Tanzanian Prime Minister Kassim Majaliwa says.

Thu, 07 Feb 2019 18:29:17 GMT

Juncker: EU won't reopen negotiations on Brexit deal

The EU will not reopen negotiations on the Brexit agreement with the UK, the European Commission President Jean-Claude Juncker says.

Thu, 07 Feb 2019 18:28:38 GMT

French trade deficit widens

The French trade deficit widened by €2.1B to €59.9B in 2018, compared to the prior year, as oil prices soared, the French Customs Office reports.

Thu, 07 Feb 2019 17:26:52 GMT

Federal Reserve's Kaplan comments on fiscal stimulus

The head of the Dallas Federal Reserve Robert Kaplan on Thursday announced that the stimulus form government spending and tax cuts is decreasing and causing the slowdown of the economy not the Federal Reserve's rate hikes.

Thu, 07 Feb 2019 17:26:19 GMT

Danish pension fund buys Danske Bank's stock

It was announced on Thursday that the Danish pension giant ATP has been buying Danske Bank's stock despite a money laundering scandal. The pension fund might increase its stake to be large enough to have the rights to actively manage the bank.

Thu, 07 Feb 2019 15:59:28 GMT

Fiat Chrysler shares plummet

On Thursday, the share prices of Fiat Chrysler dropped eleven percent due to low quarterly profits. The company has also caused doubts about its long term targets.

Thu, 07 Feb 2019 15:58:52 GMT

Heads of large Australian bank quit

The CEO and Chairman of the fourth biggest Australian bank NAB are quitting due to a scandal that was caused by an inquiry into the bank by the Royal Commission.

Thu, 07 Feb 2019 15:12:45 GMT

Wall Street declines at open

Stock prices on Wall Street's exchanges declined on Thursday open. Financial media blamed global growth worries instead of the constantly surging US Dollar.

Thu, 07 Feb 2019 15:10:48 GMT

Germany will restrict Facebook activities

On Thursday, German officials announced that they are planning to decrease Facebook data gathering activities. Germany is one of the top countries, which are limiting Facebook activities in data gathering.

Thu, 07 Feb 2019 14:02:52 GMT

Twitter's shares drop on poor revenue estimates

Shares of Twitter plunged as much as 6% in the pre-market trading on Thursday, after the company had forecast its Q4 revenue below analysts' expectations, adding that the user number dropped in the same quarter.

Thu, 07 Feb 2019 14:02:45 GMT

Reliance Industries to make $1.4B investment in Indian state

India's Reliance Industries is set to make an investment worth $1.4B in the West Bengal's eastern state with the intention to help the e-commerce expansion in the country, the firm's chairman Mukesh Ambani announced on Thursday.

Thu, 07 Feb 2019 13:22:44 GMT

France's Total cannot decide on Denmark's Eneco bid

Total, the French gas and oil major, is undecided on whether to make a bid for the Dutch energy firm Eneco, the company's CEO Patrick Pouyanne stated on Thursday.

Thu, 07 Feb 2019 13:15:42 GMT

BB&T to acquire SunTrust for $28B

BB&T is set to acquire SunTrust Banks in the largest bank all-stock deal since 2009 worth about $28B, both companies announced on Thursday, establishing the sixth biggest lender in the US.

Thu, 07 Feb 2019 12:39:17 GMT

Amazon modifies Indian business structure to lure big seller

Amazon.com reported on Thursday that one of its largest sellers on the company's Indian website had returned, following the retail giant's modifications of its business structure, aimed to comply with new e-commerce rules.

Thu, 07 Feb 2019 12:34:51 GMT

Bosch, Fiat Chrysler agree on paying $66M in diesel fees

Robert Bosch and Fiat Chrysler Automobiles agreed to pay $66M in costs and fees to lawyers, who are representing owners of the US diesel cars, according to a court filing reviewed on Wednesday.

Thu, 07 Feb 2019 11:02:47 GMT

Global stocks decline on Thursday

During the Thursday's trading session global stock markets declined. The decline was mostly attributed to the surge of the value of the US Dollar, which decreased the valuation of other assets.

Thu, 07 Feb 2019 11:02:24 GMT

Theresa May visits Brussels

Although on Wednesday the heads of the EU announced that there will be no renegotiations of the already made Brexit deal, Theresa May went to Brussels on Thursday to plead for a change in the deal.

Thu, 07 Feb 2019 10:39:15 GMT

Volvo Cars posts fall in 2018 profit margins

China's Volvo cars reported a drop in the last year's profit margins due to a dispute between the US and China, which caused an increase in the carmaker's costs.

Thu, 07 Feb 2019 10:10:47 GMT

Italy plans Huawei banning from 5G networks

Italy is set to ban the Chinese tech giants, ZTE and Huawei Technologies, from participation in building the 5G networks in the country, the Italian newspaper La Stampa reported on Thursday.

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