News

Sat, 23 Jun 2018 12:01:06 GMT

China reports increase of gasoline exports

According to Chinese customs data revealed on Saturday, gasoline exports in May increased 134% from a year earlier to 1.47M tonnes so as diesel whose exports surged by 62.6%.

Sat, 23 Jun 2018 10:53:31 GMT

Turkish authorities continue to detain coup supporters

It was revealed by media outlets on Saturday that Turkish authorities have detained additional coup supporters, which indicates that the investigation and arrests are continuing two years after the event.

Sat, 23 Jun 2018 10:53:21 GMT

OPEC meets with Russia and other allies

On Saturday, members of the Organization of the Petroleum Exporting Countries, representatives of Russia and other oil producing countries met to make a new oil output deal.

Sat, 23 Jun 2018 10:01:03 GMT

Trump tariffs likely to hurt EU luxury car makers

On Friday, it was revealed by many analysts that the convertible and luxury car segments of the EU are set to be hurt the most by the new Trump administration trade tariffs.

Sat, 23 Jun 2018 10:00:49 GMT

Energy sector caused Friday's stock rebound

The surge that was seen on the stock markets on Friday following a week of losses was caused mostly by a rebound in energy stock prices.

Sat, 23 Jun 2018 08:51:05 GMT

Stocks stop continuing decline

On Friday, the financial stock markets ended the continuing decline, which occurred throughout the week. Due to that reason optimism grew in regards to the next week.

Sat, 23 Jun 2018 08:50:57 GMT

Investors pressure UK firms in shareholder meetings

The number of UK firms that face dissent from investors at shareholder meetings has jumped compared to 2017, as stakeholders vote and change boards of directors.

Sat, 23 Jun 2018 08:17:22 GMT

ZTE will make another step to lift US ban

ZTE is set to deposit $400M in an US escrow account in the upcoming days. This is the last step the company needs to take to lift the business conduct ban set by US authorities.

Sat, 23 Jun 2018 08:16:51 GMT

Xiaomi puts delay on CDRs

The Chinese smartphone producing company Xiaomi on Saturday announced that there is no set deadline for starting a mainland share offering.

Sat, 23 Jun 2018 07:07:10 GMT

US remains dedicated to multilateralism

The US ambassador to the Conference on Disarmament Robert Wood said on Friday that the United States was ready to work with various international organisations despite its recent withdrawal from the UN Human Rights Council.

Sat, 23 Jun 2018 07:03:23 GMT

Prison shares up amid Trump decision on immigration

Private prisons' Geo Group and CoreCivic stock prices increased on Friday amid the US President Donald Trump's moves related to the issue of separation of immigrant parents and their children.

Sat, 23 Jun 2018 06:04:37 GMT

US postpones drills with South Korea

The Pentagon announced on Friday the US and South Korea have decided to temporary suspend two more military exercises upon agreement with North Korea.

Sat, 23 Jun 2018 06:04:28 GMT

Italy refuses to accept new refugees

The Interior Minister of Italy Matteo Salvini warned on Friday that unmanageable immigration crisis could destroy the EU and highlighted that his country cannot accept any new refugees.

Sat, 23 Jun 2018 05:02:38 GMT

Xiaomi says no disagreement with CSRC

Chinese phone maker Xiaomi said on Saturday it had no time limit for mainland share offering and no dispute with the China Securities Regulatory Commission.

Sat, 23 Jun 2018 05:02:30 GMT

US Navy to host 25K immigrants

According to US official, the US Navy is preparing to house nearly 25K immigrants on its military bases and other objects at approximate cost of $233M over half a year.

Sat, 23 Jun 2018 04:11:11 GMT

Volaris offers free flights for separated children

Mexican airline Volari announced on Saturday it was offering its services for free for families that were split by the new immigration policy adopted by the US President Donald Trump.

Sat, 23 Jun 2018 04:03:25 GMT

China consumer prices to remain stable

The Chinese National Development and Reform Commission said on Saturday that consumer prices will remain stable, as market believes that the macro situation is solid and supply is adequate.

Fri, 22 Jun 2018 19:50:28 GMT

Russia's Lavrov to meet US Bolton

Sergei Lavrov, the Foreign Minister of Russia, is expected to meet with the National Security Adviser of the United Stated John Bolton, as he visits Moscow, a news agency said.

Fri, 22 Jun 2018 19:50:21 GMT

Merkel to downplay breakthrough chances in EU migration negotiations

Germany's Chancellor Angela Merkel diminished anticipations of any large breakthrough in talks among leaders of the European Union on the migration issue dividing the area.

Fri, 22 Jun 2018 18:55:25 GMT

China CB sees geopolitics, trade friction as uncertainties in outlook

The PBoC stated that geopolitics, trade disputes and major economies' monetary policies are the main uncertainties in the country's outlook even with the global economic expansion.

Fri, 22 Jun 2018 18:54:33 GMT

Harley: EU duties to prompt price increase in autumn

Harley-Davidson anticipated to have to increase prices in Europe this autumn, amid new EU tariffs on goods from the US, the head of the company's European business stated.

Fri, 22 Jun 2018 18:28:52 GMT

OPEC agrees modest rise in oil output after Iran, Saudis compromise

OPEC agreed on a moderate rise in oil supply from next month, as Saudis persuaded Iran to cooperate, after major consumers called to help to diminish the crude price.

Fri, 22 Jun 2018 18:28:32 GMT

Canada's retail sales drop 1.2% in April

Statistics Canada revealed that the country's retail sales decreased 1.2% in the month of April, compared with a 0.8% rise in the prior month.

Fri, 22 Jun 2018 17:02:41 GMT

US business activity shrinks in June

Markit report showed that activity in the US private business sector weakened in June, with services PMI seen at 56.5 in June after 56.8 in May.

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