News

Note: This section contains information in English only.
Sat, 25 May 2019 07:06:58 GMT

UK's new PM must move quickly to deliver Brexit

Boris Johnson, former Britain's Foreign Secretary, said that the new UK's Prime Minister must deliver proper Brexit.

Sat, 25 May 2019 06:28:58 GMT

Mexico's economy decline in Q1

According to data from the national statistics agency, the Mexican economy declined by 0.2% in the Q1 of 2019, as economists see gloom ahead.

Sat, 25 May 2019 05:26:53 GMT

Hunt plans to run for Conservative leadership

According to the Farnham Herald report, Jeremy Hunt, the UK Foreign Secretary, would run for the Conservative Party leadership.

Sat, 25 May 2019 04:06:36 GMT

Oil remains stable ahead of long weekend

On Friday, crude oil prices remained stable ahead of the long weekend holiday in the United States and the United Kingdom. However, the commodity was on track for 2019's biggest weekly decline.

Fri, 24 May 2019 20:01:44 GMT

New Zealand exports to China hit record

Exports of New Zealand's goods to China rose $1.76B to an all time high of $9.77B for the year ended in April, the Statistics New Zealand reports.

Fri, 24 May 2019 18:57:52 GMT

Turkish banks to support economy

Turkish banks will provide $4.9B financing package to support the manufacturing and other sectors, the Finance Minister Berat Albayrak says.

Fri, 24 May 2019 18:01:18 GMT

Mexican economy contracts

The Mexican economy contracted by 0.2% in the first quarter of the current year, compared to the previous three months, the national statistics agency INEGI reports.

Fri, 24 May 2019 16:59:52 GMT

Taiwan lowers GDP forecast

The economy of Taiwan will expand 2.19% to $24.827B in 2019, a decline from a previous forecast of 2.27%, Taiwan's statistical authority reports.

Fri, 24 May 2019 15:58:32 GMT

British retail sales increase

British retail sales increased by 5.2% in April 2019, compared to the same period the previous year, the Office for National Statistics reports.

Fri, 24 May 2019 15:21:53 GMT

CATA sees losses from 737 jet grounding

On Friday, the China Air Transport Association stated it was expecting losses at China airlines due to Boeing's 737 MAX jets grounding that would reach up to $579.32M by the next month-end.

Fri, 24 May 2019 14:37:35 GMT

Liberty-Vodafone probe extended by two weeks

The European antitrust regulators made a decision to extend their probe into Vodafone's $22B offer to acquire the bloc's and German cable networks of Liberty Global to July 23, according to the EU Commission's filing seen on Friday.

Fri, 24 May 2019 13:06:31 GMT

Japan likely to lift taxes amid US-Sino trade war

The 10-month trade war between China and the United States might be the main factor for Japan's sales tax hike decision this year, if the country's economy remains in the current state, the Prime Minister Shinzo Abe stated on Friday.

Fri, 24 May 2019 12:38:49 GMT

Huawei sees shipments drop by as much as quarter in 2019

China's Huawei is expecting a decline in shipments by up to a quarter in the current year, as the Chinese tech giant was hit by US sanctions, which threaten to remove its smartphones from the international markets.

Fri, 24 May 2019 10:44:06 GMT

Theresa May resigns

On Friday, Theresa May announced that she will leave her post as the Prime Minister of the United Kingdom in two weeks. Meanwhile, Ireland already revealed that nothing will change in the Brexit negotiations.

Fri, 24 May 2019 10:22:25 GMT

Oil climbs toward $69, still set for biggest weekly loss

On Friday, oil climbed toward $69 a barrel following two loss sessions; however, is still set for the 2019's biggest weekly fall amid surging inventories and economic slowdown concerns.

Fri, 24 May 2019 09:16:44 GMT

Pennsylvania's PUC approves Sprint-T-Mobile deal

The Public Utility Commission of Pennsylvania granted its approval for T-Mobile's $26B takeover of its smaller competitor Sprint Corp, bringing the deal closer to its completion.

Fri, 24 May 2019 08:22:13 GMT

Uber to lunch e-bike service JUMP in London

The ride-hailing app Uber is planning to launch JUMP, the electric bicycle service, in London starting from Friday, making 350 bikes available for rent in the British capital city.

Fri, 24 May 2019 07:27:27 GMT

PM May seen to announce her departure date

Britain's Prime Minister Theresa May is set to announce her departure date on Friday, launching a contest to bring another leader to power who could push for more decisive Brexit deal.

Fri, 24 May 2019 06:35:38 GMT

Trump may include Huawei in US-Sino trade deal

The President Donald Trump stated there was a chance to resolve US complaints against the Chinese tech giant Huawei Technologies within the US-China trade deal framework, still continuing to call telecommunications company "very dangerous."

Thu, 23 May 2019 20:39:39 GMT

Inditex names new CEO in digital growth drive

Inditex, the owned of Zara, has appointed Carlos Crespo as the company's new CEO, splitting the chairman and Chief Executive role and leaving Pablo Isla to conduct the group.

Thu, 23 May 2019 20:36:59 GMT

Washington unveils $16B farm aid plan

On Thursday, Trump's Administration announced a $16B farm aid plan to offset the ten-month trade war losses with China, saying that payment rates were set to be determined by the location where they farm, not what crops they grow.

Thu, 23 May 2019 19:33:58 GMT

JPMorgan halts ties with Purdue Pharma

JPMorgan Chase has trimmed its ties with the OxyContin maker Purdue Pharma over its the drugmaker's alleged role in the American opioid crisis, a move that is forcing it to look for another bank to manage its bill and cash payments.

Thu, 23 May 2019 19:29:58 GMT

Major US banks seek $700B in reserves

The Federal Reserve stated on Thursday that the major US banks would seek holding at least $700B in reserves, compared to the existing holdings worth $1.2 trillion.

Thu, 23 May 2019 18:38:28 GMT

Japan's Murakami fails to buy Kosaido majority stake

Yoshiaki Murakami, the Japanese veteran activist shareholder, failed to take over a controlling stake in the printing company Kosaido, according to his funds statement on Thursday, due to the setback on the corporate Japan's entrenched practices.

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