News

Tue, 13 Nov 2018 05:43:30 GMT

Mike Pence will negotiate bilateral trade with Japan

On Tuesday, it was announced by the US government that the Vice President of the US Mike Pence will negotiate a bilateral trade deal with Japan.

Tue, 13 Nov 2018 05:42:51 GMT

US stocks lose value due to Federal Reserve

US stock market indices lost value on Monday, as it was announced that the Federal Reserve is not only expected to hike interest rates in December, but also two additional hikes are expected by mid-2019.

Tue, 13 Nov 2018 05:31:13 GMT

US Dollar reaches a sixteen month high level

On Tuesday, the US Dollar touched a sixteen month high level against a basket of currencies. Financial media named a global economic slowdown shown by lower than forecast earnings reports as the main reason for the event.

Tue, 13 Nov 2018 05:30:17 GMT

Asian stock prices gain value

On Tuesday morning Asian stock indices surged higher. The surge of stock values was mainly attributed to the fact that a top Chinese trade delegation was preparing to visit the US.

Tue, 13 Nov 2018 04:12:11 GMT

Visa: Britain's consumer spending sinks in October

The UK consumers constrained spending last month, payments company Visa stated, adding to signs that the country's economy was on track for weaker expansions in the final months of 2018.

Tue, 13 Nov 2018 04:10:11 GMT

Gas likely to overtake coal as second largest source of energy by 2030

Natural gas is anticipated to overtake coal as the second biggest energy source in the world after oil by 2030 amid a drive to diminish air pollution and the rise in LNG use, the International Energy Agency stated.

Tue, 13 Nov 2018 03:01:09 GMT

BoJ's total assets exceed Japan GDP

Total assets of the Bank of Japan rose to $4.87 trillion, the Central Bank's data revealed, surpassing the country's GDP for the first time.

Tue, 13 Nov 2018 02:58:35 GMT

Apple's Asian suppliers dropp due to weak iPhone sales fears

Shares in Asia's assemblers ans suppliers for Apple, including Hon Hai Precision and Pegatron, dropped amid profit warnings that indicated weakness in sales of iPhones.

Mon, 12 Nov 2018 21:30:05 GMT

Philippines FDI up 31% in 8 months

Foreign direct investment into the Philippines increased 31% to $7.4B from $5.7B in the first eight months of 2018, a government data shows.

Mon, 12 Nov 2018 21:29:04 GMT

Chinese VP meets MIT president

The Chinese Vice President Wang Qishan meets with the president of the Massachusetts Institute of Technology L. Rafael Reif in Beijing to discuss cooperation in the technology sector.

Mon, 12 Nov 2018 20:28:57 GMT

Kenya to earn $100M in 2018 from tax recovery

Kenya plans to earn $100M in 2018 from tax recovery, Edward Karanja, the senior assistant commissioner of Kenya Revenue Authority, says.

Mon, 12 Nov 2018 20:28:09 GMT

China, Fiji sign BRI memorandum

China and Fiji signed a memorandum of understanding on cooperation within the framework of the Belt and Road Initiative, the Chinese Ambassador to Fiji Qian Bo says.

Mon, 12 Nov 2018 17:45:30 GMT

Ukraine to deepen energy cooperation with US

Ukraine plans to deepen cooperation in nuclear energy and other areas with the US, the Ukrainian Prime Minister Volodymyr Groysman says.

Mon, 12 Nov 2018 17:44:57 GMT

China, Germany pledge to boost ties

The Chinese Vice Premier Liu He meets with the German Foreign Minister Heiko Maas in Beijing to discuss bilateral relations.

Mon, 12 Nov 2018 17:35:01 GMT

Oil prices surge on Saudi Arabia remarks

On Monday, oil prices jumped by 1%, after Saudi Arabia said that OPEC and its partners seek to cut oversupply by 1 million barrels per day in the next year.

Mon, 12 Nov 2018 17:34:14 GMT

US Dollar surges against basket of currencies

On Monday, the US Dollar rose to its highest level against a basket of major currencies in more than a year, as political risks reignited in Europe.

Mon, 12 Nov 2018 15:52:46 GMT

EU's Juncker announces worries about Italy-EU relationship

Jean-Claude Juncker, the EC President, was moderately concerned over Italy's relations with the EU after the Europaen Comission stated that Rome's budget draft for 2019 breached EU budget regulations.

Mon, 12 Nov 2018 15:49:35 GMT

SAP to buy Qualtrics for $8B

Germany's business software firm SAP agreed to purchase Qualtrics International for $8B in cash with pre-empting a planned IPO by the US-based company specialized in tracking online sentiment.

Mon, 12 Nov 2018 15:28:48 GMT

Netherlands revives visa service after brief halt in Pakistan

On Monday, the Netherlands revived its passport and visa services in Pakistan after a brief halt that had been caused due to the circumstances beyond the Dutch government's control, according to the Netherlands' officials.

Mon, 12 Nov 2018 15:21:09 GMT

Russia's Group IB to launch global HQ in Singapore

Group IB, Russia's cybersecurity firm, is set to launch a global headquarters located in Singapore until this year-end or in the beginning of 2019 amid the company's plans on international expansion.

Mon, 12 Nov 2018 13:53:25 GMT

Icahn sees VMWare worth $300 per share

Carl Icahn stated on Monday that VMWare should be valued at $300 a share, on the back of the activist investor's efforts to derail Dell's plans to go public.

Mon, 12 Nov 2018 13:53:16 GMT

VW CEO plans to build 50M electric vehicles

On Monday, the Volkswagen CEO Herbert Diess stated that the carmaker was capable to build up to 50M of electric vehicles with the help of its battery procurement plans and EVs platform.

Mon, 12 Nov 2018 13:38:22 GMT

Head of Coty Camillo Pane steps down

On Monday, Coty announced that Camillo Pane, its Chief Executive Officer, stepped down and would be replaced by the former head of Jacobs Douwe Egberts coffee company, Pierre Laubies.

Mon, 12 Nov 2018 12:39:20 GMT

Italy's FITD to fill Banca Carige's capital hole

Italy's FITD, the interbank deposit protection fund, is planning to help Banca Carige to fill its $451M hole in the capital base, sources with a knowledge reported on Monday.

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