News

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Sun, 16 Jun 2019 17:03:55 GMT

China, Qatar pledge to boost cooperation

The Chinese President Xi Jinping and the Qatari Emir Sheikh Tamim Bin Hamad Al-Thani pledged to deepen political and economic cooperation between the two countries.

Sun, 16 Jun 2019 16:16:03 GMT

China's FedEX investigation not related to retaliation

China's launched probe into FedEx misdirected mail is not a retaliation to the United States, the Chinese news outlet Xinhua stated on Sunday, despite worsening ties between Washington and Beijing due to trade war.

Sun, 16 Jun 2019 14:51:12 GMT

China ready for long trade battle with US

According to the Chinese Communist Party journal, China is ready for the long economic fight with the United States, as the Asian country is not set to give way on its major principles in negotiations with Washington.

Sun, 16 Jun 2019 13:51:31 GMT

Hong Kong black-clad protesters seek for leader resignation

On Sunday, thousands of the Hong Kong black-clad protesters demanded the city's leader resignation due to her bill handling that could allow extradition to China, sparking the most violent outcry in decade.

Sun, 16 Jun 2019 12:50:29 GMT

Apollo aims to finance Dish Network bid for Sprint, T-Mobile assets

Apollo Global Management, the private equity group, has entered talks with Dish Network, the satellite TV provider, over financing its bid for the wireless assets that are set to be divested in the T-Mobile and Sprint proposed merger deal.

Sun, 16 Jun 2019 12:05:46 GMT

Turkey slams Moody's after rating cut

Moody's decision to downgrade Turkey's credit rating to junk rating B1 from Ba3 raises questions about agency's objectivity and neutrality, the Ministry of Treasury and Finance reports.

Sun, 16 Jun 2019 11:17:19 GMT

India foreign exchange reserves rise to $423.5B

India's foreign exchange reserves have increased by $1.68B to $423.55B in June, a decline from a previous year high of $426.028 in April, the Reserve Bank of India reports.

Sun, 16 Jun 2019 10:04:55 GMT

Boeing to acquire EnCore Group

The US aircraft manufacturer Boeing signed a deal to acquire aerospace interiors producer EnCore Group as the company continues to follow its vertical integration strategy.

Sun, 16 Jun 2019 08:57:09 GMT

Algeria FDI rises in 2018

Foreign direct investment in Algeria rose by 22% to $1.5B in the first five months of 2019, compared to the prior year, the National Office of Statistics reports.

Sun, 16 Jun 2019 08:27:02 GMT

Kenya to grow 6.3% in 2019

The economy of Kenya is expected to expand 6.3% in the current year, the same pace as in 2018, the Cabinet Secretary for the National Treasury Henry Rotich says.

Sun, 16 Jun 2019 07:15:19 GMT

Israel cuts $903M from state budget to reduce deficit

Israel's Ministry of Finance plans to introduce several initiatives to cut $903M from the state budget to reduce the budget deficit to 3.8% from a prior figure of 4%.

Sun, 16 Jun 2019 06:00:18 GMT

China industrial output rises

The Chinese industrial output expanded 5% in May, compared to the same period the previous year, after an increase of 5.4 % in April, the National Bureau of Statistics reports.

Sun, 16 Jun 2019 05:20:51 GMT

China starts investigation of FedEx

The Chinese government has started an investigation of FedEx after the delivery company failed to deliver express packages to designated addresses in China.

Sun, 16 Jun 2019 04:22:17 GMT

China fiscal revenue increases

China's fiscal revenue increased 3.8% to $1.3T in the first five months of the current year, compared to the same period in 2018, the Ministry of Finance reports.

Sun, 16 Jun 2019 02:57:52 GMT

Iran summons UK's ambassador to Tehran

According to the Students News Agency report, Iran has summoned the UK ambassador to Tehran over the oil tanker attack accusations.

Sun, 16 Jun 2019 01:57:56 GMT

Saudi calls for swift action to secure Gulf energy supplies

On Saturday, the Saudi Arabian Energy Minister Khalid al-Falih called for quick action to protect crude oil supplies amid the US-Iran face off.

Sat, 15 Jun 2019 20:02:01 GMT

UK SME receive £6.7B investment in 2018

British small and medium enterprises have received a record £6.7B equity investment the previous year, a data published by the British Business Bank, a government's development bank, shows.

Sat, 15 Jun 2019 19:00:59 GMT

China provides liquidity to small banks

The People's Bank of China has provided $29B to small and medium sized banks to keep their liquidity sufficient, a statement published by the central bank shows.

Sat, 15 Jun 2019 18:00:53 GMT

India market regulator tightens rules for credit rating agencies

The Securities and Exchange Board of India, a national market regulator, has decided to tighten regulations for credit rating agencies, a circular published by the regulator shows.

Sat, 15 Jun 2019 17:11:29 GMT

Russian central bank cuts key rate, GDP growth forecast

The Bank of Russia lowered its key refinancing rate by 0.25% to 7.5% and cut its economic growth forecast to 1%-1.5% for 2019, a statement published by the central bank shows.

Sat, 15 Jun 2019 16:04:08 GMT

World Bank grants $518M loan to Pakistan

The World Bank has provided a $518M loan to Pakistan to simplify the tax regime and strengthen tax and customs administration, a press release issued by the World Bank shows.

Sat, 15 Jun 2019 14:55:05 GMT

China consumption growth accelerates

The Chinese retail sales increased 8.6% in May after a 7.2% increase in April and reached $2.33T for the first five months of 2019, the National Bureau of Statistics reports.

Sat, 15 Jun 2019 14:03:52 GMT

China, Belarus to strengthen Belt and Road cooperation

The Chinese President Xi Jinping and his Belarusian counterpart Alexander Lukashenko agreed to strengthen cooperation under the Belt and Road Initiative framework during a meeting in Bishkek, Kyrgyzstan.

Sat, 15 Jun 2019 13:16:36 GMT

US business inventories rise

The US business inventories reached $2.03T in April, a slight increase from the previous month and a 5.3% increase from the same period the prior year, the US Department of Commerce reports.

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