News

Sat, 11 Aug 2018 07:06:22 GMT

Trump, Macron discuss Iran, trade

The US President Donald Trump discussed trade and security issues, including Iran and Middle East, with his counterpart, Emmanuel Macron.

Sat, 11 Aug 2018 06:29:55 GMT

China coal imports rise in July

China imported 29M tonnes of coal in July, the highest monthly volume since January 2014, the General Administration of Customs data shows.

Sat, 11 Aug 2018 06:28:51 GMT

China auto imports increase in July

China's imports of cars increased by 50% in July, compared to the same period the previous year, after lower import tariff rates went into effect, data shows.

Sat, 11 Aug 2018 05:26:09 GMT

Malta NDSF purchases 49% in Lombard Bank

Malta's National Development and Social Fund plans to acquire a 49.1% stake in Lombard Bank via a purchase of 21,651,746 ordinary shares from Cyprus Popular Bank Public Co Ltd.

Sat, 11 Aug 2018 05:25:00 GMT

Canadian unemployment rate declines to record low

The Canadian unemployment rate declined to 5.8% in July from 6% in June, the lowest level in four decades, data released by the Statistics Canada shows.

Sat, 11 Aug 2018 02:54:59 GMT

IMF: Turkish authorities do not ask for IMF help

On Friday, the IMF spokesperson Randa Elnagar claimed that Turkish authorities have not asked about a financial assistance from the IMF after Turkish Lira's sharp drop.

Sat, 11 Aug 2018 02:53:15 GMT

Wrangler and Lee owner plans to exit denim business

On Friday, The Wall Street Journal reported that VF Corp, the owner of jeans brands Wrangler and Lee, is considering strategic options to sale its denim business.

Sat, 11 Aug 2018 02:38:05 GMT

US and Japan to meet in September for new round of trade talks

The Minister of Economy of Japan Toshimitsu Motegi claimed that he had a productive trade discussion with the trade representative of the US Robert Lighthizer and added that a new meeting is planned for September.

Sat, 11 Aug 2018 02:34:48 GMT

Verizon labour union approves new 4-year contract

On Friday, a labour union representing employees of Verizon Communications Inc informed about the ratification of the 4-year extension of labour contracts, resulting in 11.2% wage increase in the next 4 years.

Fri, 10 Aug 2018 23:20:11 GMT

US, Britain, Norway: South Sudan peace agreement "not sustainable"

The United States, Britain and Norway on Friday announced that the recently signed South Sudan peace agreement was "not realistic or sustainable."

Fri, 10 Aug 2018 23:19:25 GMT

Belarus, China introduce visa-free travel between countries

Belarusians and Chinese citizens can now travel between two countries without a visa for up to one month in one trip, but not more than three months per year.

Fri, 10 Aug 2018 20:09:10 GMT

US reduces military training programs with Pakistan

US officials said that President's Donald Trump administration is quietly cutting Pakistani officers from educational and coveted training programs.

Fri, 10 Aug 2018 20:06:16 GMT

Wall Street declines amid Turkey's chaos

US stocks plummeted on Friday, as worries over fragile Turkish economy unnerved investors and the risk of contagion in Europe.

Fri, 10 Aug 2018 19:05:19 GMT

Heineken plans to close Brazilian factories

The world's second largest beer producers Heineken said on Friday, that they are thinking of closing two factories in Brazil due to a court dispute.

Fri, 10 Aug 2018 19:03:23 GMT

Oil sets for weekly decline

Oil prices increased by 1% on Friday, as US sanctions against Iran set to shrink supply, but futures stayed lower for the week.

Fri, 10 Aug 2018 18:17:42 GMT

Brake problem makes BMW to delay X4 vehicles deliveries to China

On Friday, Germany's carmaker BMW said that 400 BMW X4 models are being delayed from delivery to Chinese consumers due to a brake issue.

Fri, 10 Aug 2018 18:11:02 GMT

Trump slaps Turkey with higher metals tariffs

On Friday, the US President Donald Trump imposed higher tariffs on imports of Turkish metals, putting more financial pressure on a NATO ally.

Fri, 10 Aug 2018 17:22:01 GMT

Turkish crisis hits banks as European stocks plummet

European stocks edged lower on Friday, as plunging Turkish Lira sparked broad risk aversion, with banks, such as Italy's UniCredit and Spain's BBVA, hit by fear over their exposure to Turkey

Fri, 10 Aug 2018 17:18:36 GMT

Euro edges lower as Turkish turmoil hits banks

The Eurozone single currency fell to a one-year low level against the US Dollar on Friday, as investors worried about plummeting Turkish Lira.

Fri, 10 Aug 2018 15:52:11 GMT

Dish Network's CFO quits for Brookdale Senior Living

Steven Swain, the Chief Financial Officer of Dish Network, will leave the company on August 22 to join Brookdale Senior Living, gaining the same position.

Fri, 10 Aug 2018 15:51:20 GMT

Ford to unveil new basic SUV in China next year

Ford Motor is set to launch a new basic sport utility vehicle in China next year, built jointly with a domestic partner, as the US carmaker seeks reviving its plunging business in the world's largest auto market.

Fri, 10 Aug 2018 14:57:55 GMT

Viacom shares rise on "Mission Impossible" success

Shares in Viacom surged by 7% on Thursday, boosted by the success of the Paramount Picture's "Mission Impossible – Fallout" film after grossing about $330M across the world since release.

Fri, 10 Aug 2018 14:57:45 GMT

Honda to phase out 69K more vehicles in China

Honda Motor is set to recall another 69K UR-V SUVs in China due to a cold-climate engine issue, which has already made the carmaker to recall hundreds of its vehicles.

Fri, 10 Aug 2018 14:07:38 GMT

Mercedes-Benz's SUVs checked for potential issues by China

Daimler confirmed on Thursday that the sport utility vehicles built by its unit Mercedes-Benz in Alabama were being checked over potential issues by the Chinese customs authorities.

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