News

Note: This section contains information in English only.
Thu, 09 Nov 2017 19:01:44 GMT

Next German government to have €30B to spend

According to German Finance Minister Altmaier, new tax figures have indicated that the next government would have at least €30B available for tax cuts and additional spending.

Thu, 09 Nov 2017 19:00:40 GMT

Global economic outlook is positive despite US politics

BlackRock Inc CEO Fink stated that the global economic outlook was positive, supported by the strength of the corporate profits, despite the US politics' dysfunction.

Thu, 09 Nov 2017 18:03:28 GMT

Peugeot to shift Opel technology to cut emission

PSA Group has vowed to shift Opel models onto their own technology faster than expected to secure savings from the acquisition and to improve their emissions performance.

Thu, 09 Nov 2017 18:02:36 GMT

Oil prices go up on Saudi Arabia's political tension and supply cuts

Oil prices inched higher during the New York session, supported by the major exporters‘ supply cuts, as well as the continuing Saudi Arabia's political development concerns.

Thu, 09 Nov 2017 17:17:12 GMT

Macron makes unscheduled trip to Saudi Arabia

On Thursday, the President of France Emmanuel Macron decided to make an unexpected visit to Riyadh to meet with the Crown Prince to discuss crises in Yemen, Lebanon and other states in the region.

Thu, 09 Nov 2017 17:16:17 GMT

Macy's sales drop in Q3

On Thursday, the US-based department store chain Macy's reported a larger-than-expected decline in comparable store sales in the third quarter of 2017.

Thu, 09 Nov 2017 16:20:22 GMT

Saudi Aramco strikes oil and gas deals worth $4.5B

The Saudi Arabian Oil Company, or Aramco, said on Thursday it had signed oil and gas deals worth $4.5B with European, US, Chinese, and UAE companies.

Thu, 09 Nov 2017 16:19:57 GMT

Canadian September NHPI in line with forecasts

Data released by Statistics Canada on Thursday revealed the Canadian New Housing Price Index was up 0.2% in September, coming in line with analysts' estimates.

Thu, 09 Nov 2017 15:11:30 GMT

PM May to host Brexit talks with EU business chiefs

The UK Prime Minister Theresa May is set to host talks on the Brexit effects with the European business leaders on Monday, November 13.

Thu, 09 Nov 2017 14:58:22 GMT

US initial jobless claims rise 10K last week

The number of applications for US unemployment benefits surged 10K to 239K in the week ending November 4, beating analysts' expectations for a 232K rise.

Thu, 09 Nov 2017 14:21:41 GMT

German trade surplus rises to €21.8B

Destatis reported on Thursday that the German trade surplus widened to €21.8B in September, from a downwardly revised €21.3B in August, and compared to market expectations of a €21.0B gap.

Thu, 09 Nov 2017 14:07:17 GMT

Swiss jobless rate remains on hold

According to the SECO, the unemployment rate in Switzerland remained unchanged at 3.3% in October, fully meeting analysts' expectations for the rate to stay on hold.

Thu, 09 Nov 2017 13:13:15 GMT

Spanish 2018 growth outlook may be revised down

The Prime Minister Mariano Rajoy stated that Spanish 2018 economic growth outlook could be revised down again on the back of the Catalan political crisis.

Thu, 09 Nov 2017 13:13:03 GMT

Ex-Lebanese PM meets EU, UK, US, diplomats

The former Lebanon Prime Minister Saad al-Hariri visited Riyadh to meet France's ambassador to Saudi Arabia and some other European Union, British and United States' diplomats.

Thu, 09 Nov 2017 12:04:13 GMT

UK shell firms ties to 52 money laundering rows

According to Transparency International, Britain's shell firms were involved with 52 money laundering scandals in the past 14 years, involving at least $105B.

Thu, 09 Nov 2017 12:04:01 GMT

Britain's PM May to name new aid minister

On Thursday, Britain's Prime Minister Theresa May is set to assign new aid minister, following Priti Patel's resignation over unauthorised meetings with Israel's officials.

Thu, 09 Nov 2017 10:51:33 GMT

China Energy Investment signs $83.7B deal with West Virginia

China Energy Investment Corp was to invest $83.7B in power, chemical and shale gas projects in West Virginia, the US state reported on Thursday.

Thu, 09 Nov 2017 10:51:17 GMT

Global stocks slow down their record growth on Thursday

The strong upside movement of world stocks lost its momentum on Thursday amid weakening of the Tokyo Stock Price Index and a slow start of European stocks.

Thu, 09 Nov 2017 10:28:25 GMT

Deutsche Telekom lifts outlook after US deal collapse

Deutsche Telekom posted a 3.3% gain in the Q3 core profits and lifted its 2017 guidance, following the collapse of the US merger deal between its T-Mobile unit and Sprint.

Thu, 09 Nov 2017 10:19:06 GMT

South Korea to fine German carmakers over emission violation

South Korea is eager to slap German carmakers Mercedes-Benz, Porsche and BMW with $63.1M fine over breach of emission rules, the Ministry of Environment stated.

Thu, 09 Nov 2017 09:19:55 GMT

South Korea's Moon to deepen ties with Southeast Asia

South Korea's President Moon Jae-in is aimed to strengthen relations with Southeast Asia in an effort to prevent the halt of country's reliance on its trading partners like the US and China.

Thu, 09 Nov 2017 09:04:45 GMT

Catalonia's Parliament speaker to come up for trial

On Thursday, Catalonia's Parliament speaker Carme Forcadell will appear before the Spanish Supreme Court in Madrid to answer charges of sedition and rebellion over the banned independence referendum.

Thu, 09 Nov 2017 08:32:56 GMT

CityFibre, Vodafone tie-up on ultrafast broadband

The UK telecoms giant Vodafone is eager to partner with CityFibre as the companies seek to bring ultrafast broadband in Britain to about 5M homes and business by 2025.

Thu, 09 Nov 2017 08:17:37 GMT

SpaceX plans to launch Turkey's satellites

SpaceX is planning to launch Turkish satellites Turksat 5A and 5B with the Falcon 9 rockets of the Airbus subcontractor, Turkey's Transport Minister stated on Thursday.

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