News

Sat, 29 Dec 2018 20:13:06 GMT

Trump sees progress on potential China trade deal

On Saturday, the US President Donald Trump stated that he had expected a great progress on a potential trade deal with China after having a long and productive phone call with his Chinese counterpart Xi Jinping.

Sat, 29 Dec 2018 19:39:44 GMT

JPMorgan HK fined $1.6M for anti-money laundering lapses

On Friday, the HKMA fined JPMorgan Hong Kong $1.6M over breaching the counter-terrorist financing and anti-money laundering rules.

Sat, 29 Dec 2018 19:37:37 GMT

Dell launches new listing on New York SE

Dell has launched a new public listing on the New York Stock Exchange after about six years the firm was taken private, opening at $46 per share on Friday and marking the company's market valuation at $16B.

Sat, 29 Dec 2018 18:39:42 GMT

Russia, Turkey have common goal to halt terrorism in Syria

Russia and Turkey have the common goal to clear Syria of terror organisations, Mevlut Cavusoglu, Turkey's Foreign Minister, stated on Saturday.

Sat, 29 Dec 2018 18:37:20 GMT

Japan's Nomura to increase its share of deal-related business in US

Japan's Nomura Holdings is seeking to raise its stake of the business arranging forex hedging, acquisition finance and more deal-related businesses for the US corporate clients, its CEO stated.

Sat, 29 Dec 2018 17:36:32 GMT

Canada's PSP Investment takes stake in Germany's Witur

On Friday, Canada's PSP Investment Board agreed to acquire a 32% stake in the German elevator parts firm Wittur, not disclosing the financial details of the deal.

Sat, 29 Dec 2018 17:32:48 GMT

Italy's Mediobanca aims to spend €2.0B on M&A

Italy's investment bank Mediobanca is planning to spend €2.0B on merger and acquisition deals in 2019, its CEO Alberto Nagel announced to the local newspaper La Stampa this Friday.

Sat, 29 Dec 2018 15:51:20 GMT

Russia widens ban over Ukrain's imports

Russia expanded a ban over Ukrainian imported goods, adding that it would halt $500M worth of yearly imports of mostly industrial products.

Sat, 29 Dec 2018 15:51:12 GMT

Russia's inflation reaches 4.2% this year

The Russian Consumer Price Index rose moderately above the Central Bank's 4% target in 2018, the preliminary report revealed.

Sat, 29 Dec 2018 15:21:02 GMT

China's current account surplus at $23.3B in Q3

China's current account surplus reached $23.3B in the third quarter of this year, surging 338% from the second quarter, the SAFE stated.

Sat, 29 Dec 2018 15:14:05 GMT

US coal consumption to hit 39-year low this year

The US EIA stated that it anticipated coal consumption across the US to reach the lowest level in 39 years in 2018.

Sat, 29 Dec 2018 14:29:49 GMT

Serbian economy sees 4.4% expansion in 2018

The economy of Serbia saw 4.4% growth in 2018 compared to the prior year, the SORS stated, highlighting an increase in living standards, trade, agricultural production and tourism.

Sat, 29 Dec 2018 14:27:56 GMT

Mongolian meat exports reach 20-year high

Mongolia exported more than 54K tons of meat and meat products this year, reaching the highest level in 20 years, the preliminary report revealed.

Sat, 29 Dec 2018 13:28:52 GMT

China diminishes prices of retail fuel

China is set to continue to cut retail prices of diesel and gasoline starting from Saturday, the NDRC stated.

Sat, 29 Dec 2018 13:25:55 GMT

US pending home sales fall 0.7% in November

The US pending home sales dropped 0.7% in November, while the latest government shutdown was expected to harm the property market, the NAR stated.

Sat, 29 Dec 2018 12:06:43 GMT

Chrysler recalls more than 2.5K defective cars in China

Chrysler announced the recall of over 2.5K imported cars due to faults in the cover of the MPR plugs and the brake light switch, according to the Chinese top quality supervisor

Sat, 29 Dec 2018 12:01:46 GMT

Chinese SOE profits grow 15.6% in January-November

Profits of Chinese state-owned enterprises jumped 15.6% year-over-year to top $437B in the first eleven months, the Ministry of Finance stated.

Sat, 29 Dec 2018 11:25:26 GMT

UK to spend more than £100M on ferries to deal with no-deal Brexit

The UK government is set to spend more than £100M chartering additional sea ferries to simplify cross-Channel congestion if Britain fails to secure the trade deal before quitting the EU next year.

Sat, 29 Dec 2018 11:21:13 GMT

Russia to double quota on Turkey's tomato imports

The Agriculture Ministry of Russia was considering doubling the quota over tomato imports from Turkey to 100K tonnes a year, the report by Interfax showed.

Sat, 29 Dec 2018 10:00:54 GMT

France, China to open new flight route

On Friday, Hainan Airlines opened a new direct route between France's capital Paris and China's Shenzhen in the Guangdong Province.

Sat, 29 Dec 2018 09:40:57 GMT

Pompeo to visit Colombia and Brazil

The US Secretary of State Mike Pompeo will have an official trip to Colombia and Brazil to strengthen America's positions in the region, the US State Departament notified on Saturday.

Sat, 29 Dec 2018 09:13:02 GMT

Russia and China to increase military cooperation

On Thursday, the Russian Deputy Defence Minister Andrey Kartapolov met with the Chinese Minister of National Defence Wei Fenghe and agreed to enhance cooperation between two countries.

Sat, 29 Dec 2018 09:08:06 GMT

China calls Germany to jointly defend free trade

The Chinese Foreign Ministry Spokesperson Hua Chunying stated on Saturday that China and Germany should work together to protect multilateralism and free trade.

Sat, 29 Dec 2018 08:18:15 GMT

Russia to form group on integration with Belarus

The Russian Prime Minister Dmitry Medvedev ordered on Friday to form working group with Belarussian colleagues to discuss stumbling blocks and bilateral integration.

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