News

Note: This section contains information in English only.
Tue, 16 Aug 2022 06:30:07 GMT

China cuts interest rates

On Monday, the People's Bank of China unexpectedly cut its base interest rate, which is contrary to the US efforts at tightening the global economic policy.

Mon, 15 Aug 2022 14:30:06 GMT

China increases fuel exports

Reuters revealed on Monday that China is set to increase its fuel exports in August. However, export numbers are set to remain near low levels not seen since 2015.

Mon, 15 Aug 2022 14:02:49 GMT

Bayer launches new hub

The agricultural chemical and seed maker Bayer AG has launched a new platform aimed at connecting US food and fuel makers and farmers.

Mon, 15 Aug 2022 12:30:06 GMT

China increases coal production

Daily coal production in China had increased by 16% on a year on year basis, as demand peaked in July.

Mon, 15 Aug 2022 10:30:08 GMT

Malaysia Airlines buys new planes

The airline has announced that it had made an initial deal with Airbus about a purchase of 20 Airbus A330neo jets.

Mon, 15 Aug 2022 08:21:44 GMT

Markets start week with decline

Global stock markets started the week's trading with a decline, as various indices lost from 0.35% up to 0.55%.

Fri, 12 Aug 2022 13:30:06 GMT

Wizz Air resumes flights to Russia

Wizz Air has announced that the airline would resume its flights from United Arab Emirates to Russia starting from October.

Fri, 12 Aug 2022 09:30:07 GMT

Inflation in Mexico reaches record high

July inflation in Mexico has been revealed to have hit the highest level observed since 2000.

Fri, 12 Aug 2022 06:30:05 GMT

Qualcomm and GlobalFoundries double production

A union of GlobalFoundries and Qualcomm has been revealed, as the companies have agreed to work together on doubling their combined chip manufacturing.

Thu, 11 Aug 2022 13:30:06 GMT

AngloGold Ashanti CEO comments on inflation

The Chief Executive Officer of AngloGold Ashanti Alberto Calderon has stated in a recent interview that he expects the company's cost inflation to decrease in 2023 to single digits from a peak of 13.00%.

Thu, 11 Aug 2022 09:30:08 GMT

Japanese consumers increase spending

For the first time in four months, in July, Japanese households had increased spending, as an increase of 1.5%, compared to June, has been reported.

Thu, 11 Aug 2022 06:30:07 GMT

Food prices decline

The United Nations have reported that the global food price index has declined to 140.9, compared to 154.3 in June.

Wed, 10 Aug 2022 13:30:07 GMT

SAS reports passenger volume decline

Due to the recent strike, the Scandinavian airline SAS has experienced a 32% decline in passenger volumes in July, compared to June.

Wed, 10 Aug 2022 09:30:06 GMT

Suzuki Motor comments on demand

Suzuki Motor has revealed that the company has not experienced a slowdown of demand for cars in either the Japanese or the Indian market.

Wed, 10 Aug 2022 06:30:07 GMT

Global funds experience inflows

Refinitiv has reported that during the prior week global investment and money market funds had experienced largest financial inflows since November 3 of 2021.

Tue, 09 Aug 2022 13:30:06 GMT

Pfizer buys Global Blood Therapeutics

Pfizer has announced that the company would pay $68.50 per share to acquire Global Blood Therapeutics. The company intends to use the cash made from COVID-19 products to invest in other sectors.

Tue, 09 Aug 2022 09:30:06 GMT

Barrick Gold adjusts guidance

Barrick Gold Corporation has revealed that in 2022 the company might produce more gold than previously expected.

Tue, 09 Aug 2022 06:30:06 GMT

Carlsberg increases expectations

This week, Carlsberg announced that the beer producer would increase its 2022 growth expectations, as demand has remained strong and the company has resumed operations in Ukraine.

Mon, 08 Aug 2022 14:30:05 GMT

Pets At Home increases sales

Despite surging inflation, Pets At Home has reported an increase in quarterly revenue, as consumers have not reduced their spending on their pets.

Mon, 08 Aug 2022 12:30:06 GMT

Oil declines to new low level

Crude oil price benchmarks have continued to decline, as prices have reached levels not observed since early February. The ongoing decline has been attributed to a production increase by OPEC+.

Mon, 08 Aug 2022 10:30:06 GMT

Tencent buys Ubisoft stock

Reuters has revealed that Tencent has been seeking to increase its holding stake of the Assassin's Creed series maker Ubisoft.

Mon, 08 Aug 2022 08:30:07 GMT

Tyson Foods ignores accusations

The New York Attorney General has revealed that Tyson Foods has been ignoring inquiry subpoenas about meat price gouging.

Mon, 08 Aug 2022 06:30:07 GMT

Deutsche Post reports growth

In the second quarter of 2022, the German logistics company Deutsche Post increased its revenue by 23.4% on an annual comparison basis.

Fri, 05 Aug 2022 13:30:07 GMT

Saudi Arabia increases oil prices

Saudi Aramco revealed on Thursday that it would set its price for Arab Light oil to the Asian market at a record high of $9.80 per barrel.

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