News

Tue, 18 Dec 2018 05:56:02 GMT

Chinese officials comment on Brexit

On Tuesday, officials from China announced that they hope for an orderly Brexit, which would reduce issues for Chinese investment.

Tue, 18 Dec 2018 05:33:00 GMT

Crude Oil prices decline on Tuesday

Oil prices declined for a third consecutive trading session on Tuesday. Namely, during the early hours of Tuesday's trading session crude oil benchmarks declined by more than one percent.

Tue, 18 Dec 2018 05:32:27 GMT

Xi Jinping calls for reforms

On Tuesday, the President of China Xi Jinping called for new reforms to be implemented. Although, the President did not specify exact measures.

Tue, 18 Dec 2018 04:14:42 GMT

Japan cuts CPI, GDP forecasts on trade war, disasters

The Japanese government revised down forecasts for economic expansions and consumer prices for 2018 and the following fiscal years, as weakening export demand and natural disasters weighed on the economy.

Tue, 18 Dec 2018 04:11:48 GMT

South Korea to secure $3B support for auto suppliers

South Korea announced a policy package to support the country's car parts producers industry, which included providing nearly $3.1B worth financial support and encouraging the electric cars' use.

Tue, 18 Dec 2018 03:40:42 GMT

Japan to buy more radar, stealth jets to counter China

Japan is set to increase spending on advanced long-range missiles, stealth fighters and other equipment in the next five years to support the US forces facing the Chinese military in the Western Pacific.

Tue, 18 Dec 2018 03:38:15 GMT

T-Mobile, Sprint get approval for merger

T-Mobile US and Sprint got an approval from the CFIUS for companies' proposed merger, the companies stated.

Mon, 17 Dec 2018 20:51:24 GMT

Visa data shows British consumer spending drops

Payments company Visa data showed that the UK consumer spending has fallen by most since July in the run-up to Brexit.

Mon, 17 Dec 2018 20:49:51 GMT

Britain's main opposition party to call no-confidence vote on May's government

Jeremy Corbyn, the leader of UK's main opposition Labour Party, said that he would be calling for a no-confidence vote on Prime Minister Theresa May's government over the Brexit vote timing.

Mon, 17 Dec 2018 19:52:11 GMT

Boeing and Embraer finalise acquisition deal

On Monday, Embraer SA and Boeing have finalised the terms of the deal to sell 80% of Embraer's commercial aviation business.

Mon, 17 Dec 2018 19:51:41 GMT

EU blames United States for WTO crisis

The European Union representatives announced that the United States is at the epicentre of a World Trade Organization crisis.

Mon, 17 Dec 2018 19:04:25 GMT

ECJ orders Poland to suspend judicial reform law

On Monday, the European Union Court of Justice has ordered Poland to suspend a law that forced the country's Supreme Court judges into early retirement.

Mon, 17 Dec 2018 19:04:01 GMT

Wall Street declines on Monday

On Monday, Wall Street stocks edged lower, as a drop in retailers and weakness in health shares weighed heavily on the market.

Mon, 17 Dec 2018 18:14:23 GMT

Britain's May rejects second referendum

On Monday, the British Prime Minister Theresa May firmly rejected calls for a second referendum, saying that it would be a betrayal of democracy.

Mon, 17 Dec 2018 18:13:01 GMT

UK's May sets date for Brexit vote

On Monday, the UK Prime Minister Theresa May told the British Parliament that a Brexit vote would be held in the middle of January.

Mon, 17 Dec 2018 16:51:22 GMT

Italy's government agrees cuts of budget to avoid sanctions by EU

Italy's ruling coalition government agreed on a revised draft budget that it is set to submit to the EC, aiming to avoid the excessive deficit procedure, the Deputy PM Matteo Salvini stated.

Mon, 17 Dec 2018 16:48:35 GMT

French PM expects wider budget gap next year

France is set to break a promise to keep the EU budget deficit ceiling in 2019, after the President unveiled $11.33B tax cuts and increase of spending to suppress public anger at higher living costs and weak purchasing power, the PM Edouard Philippe stated.

Mon, 17 Dec 2018 16:30:11 GMT

Mercedes-Benz cuts prices in China after suspension of tariff on US-made cars

Germany's luxury car producer Mercedes-Benz stated that it is set to offer discounts over cars imported into China from the US until March 31 after Beijing suspended extra tariffs on the US-made cars.

Mon, 17 Dec 2018 16:26:44 GMT

Guess fined $45M for blocking cross-border sales in EU

The EU antitrust regulators fined the US clothing firm Guess $45.3M for illegally blocking European cross-border sales within a crackdown over illegal practices, which block e-commerce in the European Union.

Mon, 17 Dec 2018 13:47:05 GMT

ABB will sell Power Grids to Hitachi

On Monday, it was announced by the Swiss engineering group ABB that it has reached a deal to sell the company's power grids unit to Japan's Hitachi.

Mon, 17 Dec 2018 13:46:57 GMT

US banks dump risky loans

As fears of a recession appear in the markets, US banks have been downplaying the risks publicly. Meanwhile, Reuters reported that largest banks have been backing out of riskier loans.

Mon, 17 Dec 2018 13:14:00 GMT

Nissan CEO guides Renault directors

The CEO of Nissan Motors on Monday called upon the directors of Renault to heed the reasons for sacking the Chairman of the Nissan-Renault alliance.

Mon, 17 Dec 2018 13:12:11 GMT

Google will build new campus in New York

On Monday, representatives of Alphabet announced that Google will invest in the creation of a one billion worth campus in New York. The campus is expected to create thousands of new jobs.

Mon, 17 Dec 2018 10:12:24 GMT

Baden-Wuerttemberg to sue Volkswagen

According to the Frankfurter Allgemeine Zeitung newspaper, the German Baden-Wuerttemberg is planning to file a claim against Volkswagen over scandal related to deceptive results of emissions tests.

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