News

Note: This section contains information in English only.
Fri, 20 Jul 2018 04:18:45 GMT

North Korean GDP down 3.5%

According to South Korean estimates, the growth of its northern neighbour's economy dropped by 3.5% from the previous year, thus marking the largest decrease in the last twenty years.

Fri, 20 Jul 2018 04:13:07 GMT

Ortega calls for peace

At celebration of the 39th anniversary of the Sandinista revolution the President of Nicaragua Daniel Ortega called protesters to stop destabilizing the country and restore order and peace.

Fri, 20 Jul 2018 02:52:34 GMT

Volkswagen to furlough Brazil's 1K workers as sales weaken

Volkswagen AG is set to furlough about 1K workers at the company's largest plant in Brazil, representatives of the union stated, amid slumping exports to Argentina and weaker economic expansion.

Fri, 20 Jul 2018 02:51:21 GMT

BoJ inflation goal dims as prices hardly budge

Japan's core inflation growth quickened modestly last month, with the rise supported mainly by gains in oil prices with costs of other goods picking up slightly, a setback for the mission of the Bank of Japan to get 2% inflation.

Fri, 20 Jul 2018 02:34:58 GMT

Microsoft beats forecasts on revenue in cloud services

Microsoft Corp reported quarterly revenue and profit that beat analysts' forecasts, as more businesses signed up for the company's Office 365 and Azure cloud services.

Fri, 20 Jul 2018 02:31:26 GMT

German FinMin sees growth to pick up in Q2

Germany's economic growth was likely to accelerate slightly in the Q2 from 0.3%t in the prior quarter, though the threat of a trade war and Brexit presented risks to the outlook, the Finance Ministry stated.

Thu, 19 Jul 2018 20:23:46 GMT

Canada's Tilray lifts 36% in trading debut

Tilray, the Canadian medical marijuana firm, has lifted about 36% in its US trading debut this Thursday, after raising around $153M in the IPO.

Thu, 19 Jul 2018 20:22:31 GMT

US computer coding training camps Hack Reactor, Galvanize to merge

The US computer coding boot camp Hack Reactor is set to merge with its rival Galvanize to establish the biggest privately held coding training school, both companies announced on Thursday.

Thu, 19 Jul 2018 19:20:55 GMT

Nielsen says US must be ready for more Russian meddling

On Thursday, US Homeland Secretary Kirstjen Nielsen said the United States needed to be ready for any attempt by Russia to interfere in the mid-term election this year.

Thu, 19 Jul 2018 19:20:37 GMT

PM's spokeswoman says No-deal Brexits unlikely

The spokeswoman for Prime Minister Theresa May stated on Thursday that the progress UK has made in discussions to leave the EU suggests that Britain will not crash out without a deal.

Thu, 19 Jul 2018 18:06:33 GMT

Putin advise NATO against closer connections with Georgia and Ukraine

On Thursday, Russian President Vladimir Putin warned the North Atlantic Treaty Organization against developing closer connections with Georgia and Ukraine suggesting that such policy is irresponsible.

Thu, 19 Jul 2018 18:06:04 GMT

IMF: No Brexit deal could cost EU 1.5% of GDP

International Monetary Fund stated on Thursday that No-deal Brexit would cost long-term damage to European Union countries, an equivalent of 1.5% of annual GDP.

Thu, 19 Jul 2018 17:06:10 GMT

China, Russia delays US effort to stop refined petroleum exports to NK.

On Thursday, China and Russia delayed an effort made by the United States for a UN Security Council committee order to stop refined petroleum sales to North Korea.

Thu, 19 Jul 2018 17:04:22 GMT

Wall Street declines on weak earnings

US stocks plummeted on Thursday after weak quarterly earnings reports, while the US Dollar hit a one-year high because of the Federal Reserve's positive assessment of the US economy.

Thu, 19 Jul 2018 16:30:43 GMT

Sudan inflation hits 64% in June on falling currency

Sudan's inflation grew to 63.87% year-over-year in June, from 60.93% in May, the statistics agency stated on Thursday, as the dollar-starved country fights with the economic crisis.

Thu, 19 Jul 2018 16:28:11 GMT

US home remodelling expenditure to fall in 2019

Growth in the US home remodelling expenditure is anticipated to slow next year amid existing homes' low inventory, the report revealed on Thursday.

Thu, 19 Jul 2018 15:32:25 GMT

US jobless claims drop to lowest since 1969

The number of people who filing unemployment benefits in the US last week dropped more than anticipated to a new low below the level seen in December 1969, the official report revealed on Thursday.

Thu, 19 Jul 2018 15:28:40 GMT

Russian GDP growth slows to 1.1% in June

Russia's gross domestic product expanded 1.1% in yearly terms in the month of June after growing 2.2% in May, the country's Economy Ministry stated on Thursday.

Thu, 19 Jul 2018 14:37:09 GMT

IBM's Q2 revenue, profit top expectations

On Wednesday, IBM posted its Q2 revenue and profit that bet analysts' estimates, boosted by the growth in a new higher-margin business, such as cloud computing and cybersecurity.

Thu, 19 Jul 2018 14:30:51 GMT

Ebay posts lower-than-expected Q2 revenue

Ebay has posted a lower-than-expected Q2 revenue, which rose 4% to $246M, less since the last year's same period, sending its shares down nearly 5% to $36 per share.

Thu, 19 Jul 2018 12:10:40 GMT

Canada's Lundin to acquire Nevsun Resources in $1.07B deal

The Canadian miner Lundin is planning to make an acquisition bid for the metals firm Nevsun Resources in a deal valued at $1.07B.

Thu, 19 Jul 2018 12:10:33 GMT

Salesforce clinches deal to buy Datorama

Salesforce, the American sales and marketing software firm, has signed a deal to acquire Israel's cloud-based AI marketing platform Datorama that could be worth over $800M.

Thu, 19 Jul 2018 10:51:04 GMT

US building products Ply Gem and NCI plan to merge

The US building products companies Ply Gem Parent and NCI Building Systems announced on Tuesday they are set to merge in the all-stock deal, establishing a firm with a valuation of around $2.6B.

Thu, 19 Jul 2018 10:50:38 GMT

UK M&A watchdog to review ruling on Disney possible takeover of Sky

On Wednesday, British M&A regulator stated it would review the ruling that Walt Disney might have to buy the broadcaster Sky for around £14 per share.

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