News

Note: This section contains information in English only.
Sun, 07 Jul 2019 14:17:02 GMT

China to open FX market further

China is set to fend off foreign capital flow risks and keep opening up the country's foreign exchange market, the Chinese regulator stated.

Sun, 07 Jul 2019 13:21:48 GMT

Iran to increase enrichment of uranium to 5%

Iran is expected to announce a rise in enrichment of uranium to 5%, a concentration over the limit set by the nuclear deal in 2015, in a move indicating a deepening challenge to escalating the US sanctions pressure.

Sun, 07 Jul 2019 12:29:10 GMT

ECB's Coeure praises Lagarde's experience

The European Central Bank Policymaker Benoit Coeure stated on Sunday that Christine Lagarde is "uniquely qualified" to lead the bank, thus defending and supporting her nomination.

Sun, 07 Jul 2019 11:34:53 GMT

Saudi Flyadeal to cancel Boeing MAX order

Saudi Arabian airline Flyadeal stated on Sunday that it would cancel an order of 30 Boeing 737 MAX planes and substitute it with Airbus A320.

Sun, 07 Jul 2019 10:30:20 GMT

China slams UK's mentality

The China's Ambassador to the United Kingdom Liu Xiaoming criticized on Sunday London's Cold War mentality and said that his country had no wish to wage a diplomatic war.

Sun, 07 Jul 2019 09:25:37 GMT

Labourers plan to call no confidence vote

The Labour Party Spokesman Barry Gardiner stated on Sunday that the party would initiate a no confidence vote as soon as it collected enough support from members of the ruling Conservative Party.

Sun, 07 Jul 2019 07:51:31 GMT

Qatar's ruling emir set to meet with President Trump

The Emir of Qatar, Sheikh Tamim al-Thani and the US President Donald Trump are set to meet in Washington on July 9.

Sun, 07 Jul 2019 06:51:41 GMT

Italy's deputy PM Maio says Atlantia should repay tolls

Luigi Di Maio, the Italian Prime Deputy Prime Minister, said on Saturday that if Atlantia group wanted to keep its contract, the company must repay excessively high tolls.

Sun, 07 Jul 2019 05:52:35 GMT

India to regulate shadow lending sector

The Indian Finance Minister Nirmala Sitharaman said on Saturday that the country's shadow lending sector would be closely monitored.

Sun, 07 Jul 2019 04:52:17 GMT

Erdogan sacks Turkey's Central Bank Governor

On Saturday, the Turkish President Tayyip Erdogan has fired Turkey's Central Bank Governor Murat Cetinkaya, as policy rifts deepened.

Sun, 07 Jul 2019 03:50:11 GMT

Maire says EU needs to find candidate to head IMF

On Saturday, France's Finance Minister Bruno Le Maire said that the EU finance ministers need to look for a compromise candidate to replace the head of the International Monetary Fund Christine Lagarde.

Sun, 07 Jul 2019 02:50:36 GMT

Britain should be worried of Iran's retaliatory measures

According to the Fars news agency report, Mohammad Ali Mousavi Jazayeri, an Iranian cleric, said on Saturday that the UK should be worried of Tehran's response for the seizure of Iran's supertanker.

Sun, 07 Jul 2019 02:23:25 GMT

Second Turkish drillship to begin drilling off Cyprus

The Turkish Energy Minister Fatih Donmez said on Saturday that a second Turkey's ship would commence drilling for oil and gas in the Eastern Mediterranean Sea.

Sat, 06 Jul 2019 20:15:35 GMT

Italy urges tlantia to repay tolls

The Deputy Prime Minister of Italy Luigi Di Maio stated on Saturday that Atlantia must repay tolls earned from motorway concession in order to maintain the state contract.

Sat, 06 Jul 2019 19:18:50 GMT

India's PNB reports half-billion fraud

India's Punjab National Bank stated on Saturday that it has detected an alleged $556M lending fraud in Bhushan Power & Steel Ltd's corporate account reported it to the country's central bank.

Sat, 06 Jul 2019 17:28:45 GMT

China's logistics sector grows in June

According to the China Federation of Logistics and Purchasing, the country's logistics sector has increased by 0.9% in June, reaching 51.9 points by the scale of Logistics Performance Index.

Sat, 06 Jul 2019 16:37:18 GMT

Xi emphasizes governance modernization

The Chinese leader Xi Jinping stated on Saturday that the latest reform of the Communist Party of China resulted in the notable improvement of the country's overall governance.

Sat, 06 Jul 2019 15:01:19 GMT

Canadian unemployment rises slightly

The Canadian unemployment rate has increased slightly to 5.5% in June from 5.4% the previous month, the Statistics Canada reports.

Sat, 06 Jul 2019 14:04:54 GMT

Samsung Electronics operating profit shrinks

Samsung Electronics, a multinational electronics company, has reported a sharp decline in operating profit in the second quarter of 2019 due to a global slowdown in the semiconductor industry.

Sat, 06 Jul 2019 13:38:19 GMT

TIM to prolong 5G services to six more cities

Telecom Italia, the Italian largest phone group, is planning to prolong 5G services to six new Italian cities and dozens of tourist business hubs and spots by this year's end.

Sat, 06 Jul 2019 12:12:33 GMT

Jaguar Land Rover to make EVs at UK plant

Jaguar Land Rover has invested multi-million pounds to build electric cars at its British plant, in its major boost for Britain's government and a sector that was hit by the diesel sales drop and Brexit uncertainty.

Sat, 06 Jul 2019 11:37:32 GMT

EU FinMins need to find compromise IMF candidate

On Saturday, Bruno Le Maire, France's Finance Minister, stated that the EU Finance Ministers needed to find a compromise nominee to replace the International Monetary Fund's head Christine Lagarde, after she had been nominated as the ECB President to succeed Mario Draghi.

Sat, 06 Jul 2019 10:15:48 GMT

Turkey fires its central bank governor

On Saturday, Turkey has fired its central bank chief Murat Cetinkaya due to deepen differences between the bank and the government on the back of an economic malaise, high inflation and the lira currency volatility.

Sat, 06 Jul 2019 09:33:48 GMT

US approves SoftBank's $2.25B investment in Cruise

A US national security panels granted its approval to the $2.25B investment by the Japanese group SoftBank in Cruise, the US autonomous vehicle company backed by General Motors.

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