News

Fri, 04 Jan 2019 21:18:09 GMT

Iraq confirms compliance with OPEC agreement

Iraq is fully committed to the OPEC production cutoff agreement which is enforced from the beginning of 2019, the Iraqi Oil Minister Thamir al-Ghadhban says.

Fri, 04 Jan 2019 20:13:12 GMT

Sri Lanka wants $3B of FDI in 2019

Sri Lanka plans to attract $3B of foreign direct investment in 2019, the Development Strategies and International Trade Minister Malik Samarawickrama says.

Fri, 04 Jan 2019 20:12:33 GMT

Mexico suspends construction of airport in Texcoco

The Mexican government suspended the construction work of new major airport in Texcoco worth $13.3B, the Transport Minister Javier Jimenez Espriu says.

Fri, 04 Jan 2019 19:36:35 GMT

Number of tourists in Kenya rises in 2018

The number of tourists who visited Kenya increased 7.5% in the first nine months of 2018, compared to the same period the previous year, the Kenya Tourism Board reports.

Fri, 04 Jan 2019 19:35:59 GMT

UK services PMI points at sluggish economy

The IHS Markit/CIPS purchasing managers' index increased slightly to 51.2 in December from a 28-month low of 50.4 in November, a report shows.

Fri, 04 Jan 2019 18:08:21 GMT

Putin, Netanyahu agree on better coordination in Syria

The Russian President Vladimir Putin and the Israeli Prime Minister Benjamin Netanyahu agreed to improve coordination in Syria, the Kremlin reports.

Fri, 04 Jan 2019 18:07:39 GMT

Tunisia, France sign $136M cooperation deal

Tunisia and France signed a $136M bilateral cooperation deal on electricity distribution, the Director of French Agency for Development in Tunisia Gilles Chausse says.

Fri, 04 Jan 2019 17:06:31 GMT

World stock markets rally on strong US jobs report

On Friday, global equity markets edged higher after stronger-than-expected US employment data report eased some economic fears.

Fri, 04 Jan 2019 17:02:05 GMT

US Department of Agriculture to delay key reports due to shutdown

On Friday, the USDA agency said that it would delay some key US agriculture reports due to the ongoing government shutdown.

Fri, 04 Jan 2019 16:22:42 GMT

US and China officials to hold trade talks in Beijing next week

The United States and China representatives will meet on Monday and Tuesday in Beijing to discussion trade, as both countries are under pressure to end the trade war.

Fri, 04 Jan 2019 16:09:29 GMT

Powell threatens not to resign if asked

On Friday, the US Federal Reserve Chairman Jerome Powell said that he would not resign from his position even if the US President Donald Trump asked him to do so.

Fri, 04 Jan 2019 15:33:12 GMT

Euro zone inflation slows below forecasts in December

Euro zone's inflation eased to 1.6% in December below the forecasts, moving away from the ECB target of 1.8%, a report on preliminary estimates showed on Friday.

Fri, 04 Jan 2019 15:23:27 GMT

Sinochem's tech platform cuts job amid poor reception

China Sinochem's energy platform is planning to cut 200 of their job positions due to poor reception from the chemical and petroleum market, after already slashing over 300 jobs in the end of November 2018.

Fri, 04 Jan 2019 13:25:26 GMT

Ex-Barclays heads to face trial in London over Qatar's cash call

The former Barclays bosses are facing criminal charges at the London trial over deals with Qatar's investors to secure injections of cash allowed by the bank during the 2008 financial crisis.

Fri, 04 Jan 2019 12:51:31 GMT

UK PM May, EU's Juncker to hold phone call on Friday

The UK Prime Minister Theresa May is set to hold a phone call with the EU President Jean-Claude Juncker on Friday amid her intentions to receive concessions from Brussels over the Brexit deal.

Fri, 04 Jan 2019 10:39:21 GMT

Oil soars toward $57 on US-Sino trade talks

On Friday, oil inched higher toward $57 a barrel after China announced it would hold the trade talks with the United States to try to resolve the ongoing trade dispute.

Fri, 04 Jan 2019 10:36:26 GMT

US retail vacancies climb modestly in Q4

Retail vacancies in the United States rose marginally to 10.2% in the Q4, compared to the preceding year's 10.0% reading, the real estate research company Reis reported.

Fri, 04 Jan 2019 09:39:52 GMT

Qualcomm imposes ban on iPhone sales in Germany

The US chipmaker Qualcomm has enforced the court order that bans sales of some Apple's iPhones in Germany on the back of the patent dispute between the companies.

Fri, 04 Jan 2019 09:26:03 GMT

Tesla to launch Model 3 car deliveries in China starting March

On Friday, Tesla announced it would launch deliveries of its Model 3 vehicles to the Chinese customers starting this year's March, marking the time frame the US EV maker's CEO Elon Musk set a year ago.

Fri, 04 Jan 2019 08:36:51 GMT

Karoon Energy, PetroRio bid for Petrobras oilfield

Petroleo Brasileiro SA has received bids for its shallow water oilfield from Australia's Karoon Energy and Brazil's PetroRio, on the back of the state-owned oil giant's new divestment programme.

Fri, 04 Jan 2019 08:30:40 GMT

Nissan's Ghosn set for first public appear at Tokyo court

Nissan Motor's ousted Chairman Carlos Ghosn will appear in Tokyo court within the next five days as he requested to hold an open hearing, which will be his first public appearance since the arrest that took place on November 19.

Fri, 04 Jan 2019 07:36:47 GMT

Indonesia's Pertamina signs deals with contractors for domestic crude oil

Indonesia's state energy firm PT Pertamina is set to buy domestic crude oil from contractors, such as PetroChina, Chevron, Petrogas and others, starting from this year's Januaary.

Fri, 04 Jan 2019 07:32:09 GMT

Alphabet's Verily attracts $1.0B from investors

On Thursday, Alphabet's life science tech unit Verily announced a $1.0B worth investment round led by the private equity group Silver Lake, with its Managing Director, Egon Durban, to be nominated to the division's operating board.

Thu, 03 Jan 2019 20:47:07 GMT

2.3M tourists visit Sri Lanka in 2018

2.3M tourists visited Sri Lanka in 2018, compared to 2.1M tourists in 2017, the Sri Lanka Tourism Development Authority reports.

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