News

Note: This section contains information in English only.
Wed, 24 Oct 2018 19:51:27 GMT

Mexico inflation growth below expectations in early October

Mexican yearly inflation in the October's first half rose less than anticipated, official data revealed on Wednesday, though the rate remained above the Central Bank's target.

Wed, 24 Oct 2018 19:17:06 GMT

Daimler, Geely to form ride-hailing JV in China

China's Geely Group and Germany's Daimler announced on Wednesday that they are set to form a premium class ride-hailing cooperative enterprise in China.

Wed, 24 Oct 2018 19:06:55 GMT

Investment in Greece to increase 12% to 14% next year

Investment activity in Greece is anticipated to accelerate in 2019, helping growth rate to increase to 2.4% from an estimated 2.0% this year, according to a quarterly report by the IOBE.

Wed, 24 Oct 2018 17:50:23 GMT

Snap hires executive of Amazon as CBO

Snap announced the decision to name Jeremi Gorman, Amazon's head of advertising, as chief business officer, according to an internal memo.

Wed, 24 Oct 2018 17:50:14 GMT

Value of EZ banks drops by third from this year's peak

The value of banks in the Euro zone collapsed by a third since markets reached their peak at the January end, data revealed on Wednesday, as another quarter of weak profits at Deutsche Bank dragged the sector down.

Wed, 24 Oct 2018 17:05:15 GMT

UPS profit growth overshadowed by trade conflict worries

United Parcel Service reported a 20% increase in quarterly profit, though shares fell 3.5% after it stated that the US trade conflict with China affected international results.

Wed, 24 Oct 2018 17:00:39 GMT

Saudi Crown Prince sees 2.5% economic growth in 2018

Mohammed bin Salman, the Crown Prince of Saudis, stated that the kingdom is set to continue with reforms and infrastructure spending, predicting the economy to expand 2.5% this year.

Wed, 24 Oct 2018 16:02:44 GMT

Carlsberg lifts profit estimates for 2018

Danish brewer Carlsberg raised its full-year forecast, citing execution of the efficiency programme and after a warm weather in Western Europe supported sales, among other factors.

Wed, 24 Oct 2018 16:00:56 GMT

Boeing hikes profit, sales forecasts

Boeing shares jumped after it reported better-than-expected quarterly profits and cash flow, supported by growing demand, solid defence sales and services, and raised its 2018 profit and sales estimates.

Wed, 24 Oct 2018 15:28:34 GMT

BoC hikes interest rates, hails new trade pact

The Bank of Canada hiked interest rates in line with expectations, adding that more hikes could be required to keep inflation in check, also hailing new trade pact it anticipated to reduce economic uncertainty.

Wed, 24 Oct 2018 15:21:01 GMT

New home sales in US nears two-year low last month

Sales of new single-family homes in the US dropped to a the two-year low in September, while data for the previous three months was revised lower, indicating that higher mortgage rates and prices undercut the housing market.

Wed, 24 Oct 2018 13:41:44 GMT

UK mortgages reach a low level

The approvals of UK mortgages have reached a six-month low level. In addition, home loan refinancing demand has fallen since the Bank of England rate hike in August.

Wed, 24 Oct 2018 13:41:32 GMT

Trump will sign new anti-opioid law

On Wednesday, Donald Trump was about to sign a new law, which is expected to provide better treatment to opioid abusers.

Wed, 24 Oct 2018 12:54:21 GMT

Facebook and Twitter deny Chinese meddling elections

Facebook and Twitter on Wednesday revealed that the companies have not found any evidence of Chinese authorities meddling with the 2018 US elections.

Wed, 24 Oct 2018 12:54:14 GMT

Global stock markets continue to decline

On Wednesday, global stock indices marked a sixth straight day of losses. Financial media mostly blamed fears about economic growth.

Wed, 24 Oct 2018 12:53:30 GMT

European stocks attempt a rebound

On Wednesday, European stocks attempted a rebound. Although, tech and banking stock indexes declined due to bad results from certain companies.

Wed, 24 Oct 2018 12:53:22 GMT

Malaysia will charge former Prime Minister

On Thursday, the former PM of Malaysia Najib Razak together with his head of the Treasury will both be charged with various cases of breach of trust.

Wed, 24 Oct 2018 10:53:59 GMT

Check Point Software beat earnings estimates

Check Point Software, who provide network security, have reported better than forecast third quarter profits, which have caused the company's stock price to surge.

Wed, 24 Oct 2018 10:53:51 GMT

Euro Zone's growth stalls

On Wednesday, the published Euro zone business index revealed that the European business environment has slowed down more than forecast.

Wed, 24 Oct 2018 10:02:55 GMT

Oil prices continue to decline

On Wednesday, oil prices declined below the $75 mark per barrel, which is its lowest level since August.

Wed, 24 Oct 2018 10:02:26 GMT

EU lawmakers pick candidates for bank supervision

The lawmakers of the European Union on Wednesday announced that Sharon Donnery and Andrea Enria are the last two candidates for the position of the head of EU's banking supervision institution.

Wed, 24 Oct 2018 09:39:25 GMT

Handelsbanken to phase out 1.6K jobs amid Q3 profit results

Sweden's Handelsbanken is set to cut about 1.6K jobs in the following four years after reporting its Q3 operating profit was little above the expectations.

Wed, 24 Oct 2018 09:34:50 GMT

Geely, Daimler to form mobility service JV

On Wednesday, Germany's automaker Daimler announced it would establish a premium ride-sharing service joint venture with China's Geely Group.

Wed, 24 Oct 2018 08:36:40 GMT

Rosneft and Eni plans to freeze Barents Sea projects

Italy's Eni and Russia's Rosneft are in talks over terms to freeze their joint Barents Sea hydrocarbon projects due to the US sanctions, according to Interfax.

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