News

Sun, 02 Dec 2018 13:58:54 GMT

Trump: next meeting with North Korea in early 2019

The US President Donald Trump stated that he is set to meet North Korea's leader Kim Jong Un in January or February, adding that three sites for the meeting were under consideration.

Sun, 02 Dec 2018 13:57:25 GMT

Egypt's tax change to spur banks to increase private lending

Proposed changes to the way Egypt taxes profits of banks is likely to encourage lenders to step up credit to the private sector and push yields over Treasury debt.

Sun, 02 Dec 2018 13:19:57 GMT

Trump may terminate NAFTA in 'near future'

The US President Donald Trump stated that he is set to give formal notice to the Congress in the near future to terminate the NAFTA, giving to lawmakers six months to approve new trade deal.

Sun, 02 Dec 2018 13:14:38 GMT

South Korea's incoming FinMin: economy losing momentum

South Korea's incoming Finance Minister stated that the economy was losing momentum, as any improvement in income distribution and jobs would be difficult to achieve in the nearest future.

Sun, 02 Dec 2018 12:33:27 GMT

German FinMin warns of lingering debt risk

Olaf Scholz, the Finance Minister of Germany, urged increased transparency and continued vigilance, citing the risks posed by steep unemployment in some countries and debt level.

Sun, 02 Dec 2018 12:32:38 GMT

Chinese crude oil output increases in October

China's output of crude oil increased 0.3% year-on-year to 16.09M tonnes in October, the NDRC stated.

Sun, 02 Dec 2018 11:12:24 GMT

Hungarian CB announces new loan program

The Central Bank of Hungary announced the launch of its new loan program with total worth nearly $3.5B in a bid to boost SME.

Sun, 02 Dec 2018 11:10:59 GMT

Chinese non-ferrous metal production up 5.5% in October

China's output of ten main non-ferrous metals grew 5.5% year-over-year in October, according to the statement.

Sun, 02 Dec 2018 10:20:00 GMT

South Korean export grows 4.5% in November

South Korea's exports, which account for nearly half of the economy, grew 4.5% year-over-year to $51.9B in November, the report by MOTIE showed.

Sun, 02 Dec 2018 10:17:25 GMT

Brazil's FM: GDP numbers indicate gradual economic expansion

Eduardo Guardia, the Finance Minister of Brazil, stated that that the country's Q3 output pointed to a consistent, gradual expansion in the economy.

Sun, 02 Dec 2018 09:15:12 GMT

Italian unemployment grows, GDP falls

Italy's unemployment grew for the second month in succession, while gross domestic product declined for the first time in the Q3 since the 2014 second quarter, the ISTAT reported.

Sun, 02 Dec 2018 09:10:50 GMT

Chinese industrial robot production up 8.7%

China's industrial robot production increased 8.7% year-over-year in the first 10 months of this year, weaker than the 9.3% increase for the January-September period, official data revealed.

Sun, 02 Dec 2018 08:21:52 GMT

Greek private debt nears $257B in 2018

Greece's total private debt soared to $257B in the year of 2018, exceeding the country's gross domestic product forecast for the next year, the report showed.

Sun, 02 Dec 2018 08:15:00 GMT

Chinese trade volume above 2017 total

China's total exports and imports in the period from January to the middle of November in 2018 surpassed the 2017 whole trade volume, customs data revealed.

Sun, 02 Dec 2018 06:36:41 GMT

BAIC Motor to recall 70K electric vehicles

China's automaker BAIC Motor is likely to recall about 70K electric vehicles amid brake booster flaws, the country's market regulator stated.

Sun, 02 Dec 2018 06:34:05 GMT

Hong Kong retail sales up 5.9% last month

]The value of Hong Kong's total retail sales rose 5.9% to $5.1B in October over the same period in the prior year, statistics revealed.

Sun, 02 Dec 2018 05:34:00 GMT

Belarus diminishes export duties on petroleum products, oil

Belarus decreased export duties on petroleum products and oil exported outside the Eurasian Economic Union starting from December.

Sun, 02 Dec 2018 05:27:31 GMT

Taiwan cuts economic expansion forecasts for current, next year

Taiwan announced that it trimmed the economic growth forecasts for 2018, 2019 due to slower global expansion, expecting gross domestic product to grow 2.66% this year.

Sun, 02 Dec 2018 04:15:29 GMT

US, China agree to halt new tariffs for 90 days

On Saturday, the White House stated that the United States and China have come to an agreement to halt the additional tariffs for 90 days, as both countries are engaged in the new trade talks, aiming to reach the agreement during that period.

Sun, 02 Dec 2018 04:10:15 GMT

Saudi Crown Prince plans visit to Algeria after G20 meeting

The Crown Prince of Saudi Arabia, Mohammed bin Salman, is planning a visit to Algeria on Sunday after Argentina's G20 summit, resuming his tour of the Arab countries, Algeria's state news outlet APS reported.

Sun, 02 Dec 2018 03:01:12 GMT

Greenlight Capital's losses grow in November

According to David Einhorn, the billionaire investor, Greenlight Capital's losses grew in November, leaving his hedge fund down almost 28% for the year.

Sun, 02 Dec 2018 03:00:10 GMT

Police search Deutsche Bank board's offices

Police have carried out a search of the offices of Deutsche Bank's board members amid an inquiry into the allegations of money laundering in connection with the Panama Papers.

Sat, 01 Dec 2018 20:57:39 GMT

Macron and Merkel ask Putin to free Ukrainian sailors

The German Chancellor Angela Merkel and the French President Emmanuel Macron asked the Russian President Vladimir Putin to free Ukraine's sailors, who were arrested together with their ships.

Sat, 01 Dec 2018 20:57:29 GMT

Saudi Crown Prince Bin Salman meets Conte at G20 summit

On Saturday, the Saudi state TV said that the Saudi Arabian Crown Prince Mohammed Bin Salman had a meeting the Italian Prime Minister Giuseppe Conte on the sidelines of the G20 summit.

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