News

Sat, 15 Sep 2018 04:39:45 GMT

Volvo asks for tariff exemption for Chinese-made SUV

On Friday, Volvo Cars asked the administration of the US President Donald Trump to exempt company's Chinese-made SUV Volvo XC60 from new 25% tariffs on goods which are made in China.

Sat, 15 Sep 2018 04:35:12 GMT

Trump considers new tariffs on $200B of Chinese goods

The US President Donald Trump ordered his aides to consider the opportunity of implementation of the another set of tariffs on $200B of Chinese goods despite the recent trade talks.

Sat, 15 Sep 2018 03:00:19 GMT

Lockheed wins $7.2B contract for US Air Force

On Friday, the US Air Force claimed that it has decided to choose Lockheed Martin to build 22 next-generation GPS satellites $7.2B worth as a part of the satellites modernisation plan.

Sat, 15 Sep 2018 02:53:11 GMT

US Pompeo: Russia works to undermine North Korean sanctions

On Friday, the US State Secretary of State Mike Pompeo claimed that Russia is actively working on undermining the North Korean sanctions imposed by the UN Security Council.

Sat, 15 Sep 2018 02:39:42 GMT

G20 ministers urge to reform WTO

On Friday, the investments and trade ministers of G20 states urged to reform The World Trade Organisation after the implementation of the new trade tariffs by the US President Donald Trump.

Sat, 15 Sep 2018 02:36:43 GMT

Home prices in China rise 1.4%

On Saturday, The National Bureau of Statistics of China claimed that the average new home price in China rose 1.4% in August in comparison to a previous month, hitting new two-years high.

Fri, 14 Sep 2018 20:05:15 GMT

Raab says UK and EU are closing in on Brexit deal

On Friday, the UK Brexit Minister Dominic Raab said that the European Union and the United Kingdom are closing in on a withdrawal deal.

Fri, 14 Sep 2018 20:04:54 GMT

IMF: Russia is likely to benefit from more interest rate cuts

On Thursday, the International Monetary Fund said that Russia could benefit from more interest rate reductions if inflation is controlled.

Fri, 14 Sep 2018 19:19:02 GMT

Perry says big three oil states can raise global output

On Friday, the US Energy Secretary Rick Perry said that Russia, Saudi Arabia and the United States could raise global oil output between them to offset fall in Iran supplier in the next 18 months.

Fri, 14 Sep 2018 19:16:39 GMT

Lavrov accuses UK of using agent Skripal affair to rally EU partners

On Friday, the Russian Foreign Minister Sergei Lavrov accused the United Kingdom of using poisoned former Russian agent Sergei Skripal to rally its European allies.

Fri, 14 Sep 2018 18:30:01 GMT

Manafort agrees plea deal with Mueller

On Friday, Paul Manafort, the ex-campaign manager of the US President Donald Trump, agreed to cooperate with Special Counsel Robert Mueller's investigation of Russian meddling in the 2016 election.

Fri, 14 Sep 2018 18:22:15 GMT

Wall Street declines after Trump approves China's tariffs

On Friday, US shares edged lower after the US President Donald Trump approved additional tariffs worth of $200 billion on Chinese imports.

Fri, 14 Sep 2018 16:51:28 GMT

BoE ready for wide range of outcomes of Brexit

The Bank of England and the UK largest banks were prepared for a hard Brexit, the Governor of the Bank Mark Carney stated, due to reports he warned that it could cause a crash in house prices.

Fri, 14 Sep 2018 16:25:01 GMT

Fed's Evans: one or two more rate increases in 2018

Charles Evans, the Chicago Federal Reserve President, stated that two further rate hikes in 2018 by the US Central Bank would not be surprising, given the strong state of the economy.

Fri, 14 Sep 2018 16:10:13 GMT

US business inventories grow strongly in July

The US business inventories increased solidly in the month of July, boosted by a stronger than initially estimated rise in the motor vehicles stock, the Commerce Department stated.

Fri, 14 Sep 2018 16:04:10 GMT

US retail sales rise barely last month

The US retail sales revealed the smallest gain in the six-month period in August, as consumers diminished purchases on clothing and motor vehicles, the report showed.

Fri, 14 Sep 2018 15:30:07 GMT

US import prices fall markedly in August

The US import prices showed their biggest decline in more than a year and a half in August, due to falls in the fuels' cost and a range of other goods.

Fri, 14 Sep 2018 15:25:09 GMT

US auto sector production fuels industrial output

The US industrial production increased in August, as solid output in car manufacturing offset lacklustre production in the remaining part of the factory sector.

Fri, 14 Sep 2018 14:39:43 GMT

VW to halt Beetle compact car production in 2019

Volkswagen announced it would halt production of the Beetle compact car next year, as the carmaker seeks for a leap towards the future of e-cars.

Fri, 14 Sep 2018 14:32:34 GMT

Santander UK to establish new tech hub in England

On Friday, Santander UK stated it would establish a new $200M worth technology hub in Milton Keynes, England that should house more than 5K staff.

Fri, 14 Sep 2018 13:39:26 GMT

VW launches talks over automotive car standards

On Friday, the German carmaker Volkswagen has launched talks with other companies over introducing the common standards for a self-driving car technology, according to Automotive News.

Fri, 14 Sep 2018 13:35:09 GMT

British Labour Party plans voting against Brexit deal

The British opposition Labour Party will vote against the Prime Minister Theresa May's Brexit deal, party's senior lawmaker said to the Financial Times.

Fri, 14 Sep 2018 10:50:41 GMT

America Movil lowers stake its in KPN to 16%

America Movil, the Mexican telecommunications firm, reduced its stake in the Dutch telecoms group KPN to slightly over 16%, according the AFM financial regulator.

Fri, 14 Sep 2018 10:50:30 GMT

China's Xi, Venezuela's Maduro to meet this Friday

Venezuela's leader Nicolas Maduro is set to meet the Chinese President Xi Jinping this Friday during his visit to Beijing, China's ministry spokesman stated.

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