News

Note: This section contains information in English only.
Tue, 09 Apr 2019 04:24:08 GMT

Inflation increases in India

On Tuesday, Indian officials were about to publish the Indian retail inflation. Prices were expected to have grown by 2.80% in March. Inflation remains below the Reserve Bank of India's target, indicating that monetary easing might take place.

Tue, 09 Apr 2019 03:37:57 GMT

Standard Chartered to pay $1B to resolve UK, US probes

Standard Chartered is expected to pay slightly above $1B to resolve a five-year-old investigation of the US sanctions' potential violations tied to its banking its entities in Dubai and the related UK probe.

Tue, 09 Apr 2019 03:01:20 GMT

German exports decline sharply in February

Germany's exports valued at $122.3B in February 2019, the sharpest decline than at any period in the past year, Destatis announced in the report.

Tue, 09 Apr 2019 02:36:57 GMT

US wine exports decline 4.8% in 2018

The value of the US wine exports decreased 4.8% in 2018, amid strong dollar, competition from foreign wine producers and retaliatory tariffs, a leading industry group stated.

Tue, 09 Apr 2019 02:33:27 GMT

Chinese company opens $45M recycling factory in Kenya

China's Weeco Recycling opened a $45M plant for plastic waste recycling in eastern Kenya to help diminish environmental degradation, recycling bottles into pellets and polyester fibre.

Mon, 08 Apr 2019 20:04:50 GMT

Cambodian economy expands in 2018

The Cambodian economy is expected to expand 7.3% in 2018 and another 7% in 2019, the National Bank of Cambodia reports. 

Mon, 08 Apr 2019 20:04:17 GMT

Zimbabwe faces economic challenges

Zimbabwe still faces economic challenges despite increasing investment in the country, the President Emmerson Mnangagwa says.

Mon, 08 Apr 2019 19:04:12 GMT

Cambodia to attract more foreign tourists, investors

Cambodia plans to attract more foreign tourists and investors in 2019, the Cambodian Prime Minister Samdech Techo Hun Sen says.

Mon, 08 Apr 2019 19:03:45 GMT

Rwanda plans to double tourism income by 2024

Rwanda plans to double income from tourism in the next six years through wildlife conservation, the Rwanda Development Board says.

Mon, 08 Apr 2019 17:51:48 GMT

Zambia records $3.9B investment in 2018

Zambia received investments worth $3.9B in various sectors of the economy in 2018, the Zambia Development Agency reports.

Mon, 08 Apr 2019 17:51:12 GMT

BT: Huawei remains important network equipment supplier

Huawei is an important network equipment supplier for Britain's telecom service provider BT, a spoke person of the British company says.

Mon, 08 Apr 2019 16:51:31 GMT

Huawei ships 200M smartphones in 2018

The company has shipped more than 200M smartphones in 2018, a new record high, the Chinese technology firm Huawei reports.

Mon, 08 Apr 2019 16:50:58 GMT

Cambodia's exports increase 4% in 2018

Cambodia exported products worth $11.2B in 2018, an increase of 4% compared to the previous year, a Commerce Ministry's annual report shows.

Mon, 08 Apr 2019 15:22:33 GMT

Jaguar Land Rover begins Brexit shutdowns

On Monday, Jaguar Land Rover announced that it is shutting down its UK production plants due to Brexit. The shutdowns are a part of the larger Brexit handling strategy.

Mon, 08 Apr 2019 15:21:20 GMT

Boeing stock declines amid output cut

During the pre-market trading on Monday, Boeing stock price has declined, as the company announced its decision to decrease the production of the 737 MAX aircraft.

Mon, 08 Apr 2019 13:55:29 GMT

Theresa May will meet Merkel

The Prime Minister of the United Kingdom Theresa May is set to meet with the Chancellor of Germany Angela Merkel to discuss the current Brexit situation.

Mon, 08 Apr 2019 13:55:22 GMT

EU fines General Electric

European Union regulators have set a 52 million Euro fine on General Electric for giving misleading information during a takeover of a Danish company two years ago.

Mon, 08 Apr 2019 13:48:33 GMT

Saudi Aramco issues bond

On Monday, the Saudi Energy Minister announced that Saudi Aramco will issue an international bond. The demand for the just announced bond immediately topped $30 billion.

Mon, 08 Apr 2019 13:48:20 GMT

Saudi Minister comments on supply cuts

The Saudi Energy Minister Khalid al-Falih announced on Monday that OPEC most likely will cut oil supply further. The announcement caused a surge of oil prices.

Mon, 08 Apr 2019 10:42:59 GMT

No Brexit arrangement is made

The British Labour party announced on Monday that the party has not made a Brexit breakthrough deal with the Prime Minister. The announcement beat down the value of the GBP.

Mon, 08 Apr 2019 10:42:52 GMT

Saudi Aramco will open books

On Monday, it was announced by Saudi Aramco that it will open its books for public. The company intends to do so to issue an international bond. The company's finances have been kept secret until now.

Mon, 08 Apr 2019 10:19:32 GMT

UK plans social media regulation

Officials of the United Kingdom on Monday announced new online social media safety laws. The laws would allow to put penalties on tech and social media firms. The announcement is one of many that indicate that social media will be censored in the future, as Australia already approved such laws.

Mon, 08 Apr 2019 10:19:08 GMT

Credit Suisse CEO bonus is under scrutiny

On Monday, the annual bonus of the CEO Tidjane Thiam of Credit Suisse was being scolded by advisor firms, which advised shareholders to vote against the bonus.

Mon, 08 Apr 2019 09:07:34 GMT

Falih says extending supply cut will be decide in May

Khalid al-Falih, the Saudi Arabian Energy Minister, said on Monday that extending supply cut would be decided by OPEC member in May.

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