News

Fri, 31 Aug 2018 16:11:13 GMT

OPEC oil output hits yearly high in August

OPEC oil production risen in August to the highest level of this year, as Libyan output recovered and Iraq's exports reached a record, but a cut in Iran's shipments amid the US sanctions limited the rise.

Fri, 31 Aug 2018 15:24:51 GMT

Brazil economy picks up in Q2 despite truckers' strike

The Brazilian economy expanded slightly in the Q2 despite a nationwide strike of truckers, as a slow recovery rumbled on before presidential elections in October.

Fri, 31 Aug 2018 15:22:40 GMT

Indian GDP growth up over 8%

India's annual economic growth accelerated pace to the strongest in two years of 8.2% in the three-month period to June, giving Narendra Modi's government a boost in the final year of the term before elections.

Fri, 31 Aug 2018 11:50:53 GMT

Funds globally increase stock positions

A Reuters poll on Friday showed that global investment funds have increased equity holdings to a four-month high level. This shows that market participants expect an upcoming surge in the stock markets.

Fri, 31 Aug 2018 11:45:47 GMT

European Union might increase auto tariffs

The President of the European Commission Jean-Claude Juncker on Friday announced that the EU will increase import tariffs on cars, if the US does the same.

Fri, 31 Aug 2018 10:54:20 GMT

Tencent loses $20B value after China's attack on online gaming

On Friday, the market value of Tencent Holdings slumped by $20B after Chinese government announced a crackdown on online gaming industry, resulting in higher regulatory risks for online gaming companies.

Fri, 31 Aug 2018 10:53:13 GMT

PM of Norway appoints new Oil Minister

On Friday, the Conservative Prime Minister of Norway Erna Solberg appointed the Minister of Transportation and the Minister of Oil during the recent Minister's cabinet reshuffle.

Fri, 31 Aug 2018 10:32:46 GMT

Indonesian and Australian leaders meet in Australia

On Friday, the Prime Minister of Australia Scott Morrison met with the President of Indonesia Joko Widodo in Jakarta to discuss the cooperation and the potential trade deal between two states.

Fri, 31 Aug 2018 10:27:42 GMT

Renesas considers to acquire Integrated Device Technology

Japanese chipmaker Renesas Electronics Corp is planning to acquire American chip manufacturer Integrated Device Technology Inc as a part of Renesas' strategy to focus on the development of chips for self-driving card.

Fri, 31 Aug 2018 07:18:31 GMT

Nowotny advises ECB to hike deposit rate

Austria's Central Bank governor Ewald Nowotny urged the European Central Bank to adopt a firmer line in balancing its monetary policy and focus on taking its deposit rate away of the negative zone.

Fri, 31 Aug 2018 07:18:18 GMT

Britain's Whitbread agrees to sell Costa Coffee chain to Coca Cola

On Friday, Britain's Whitbread Plc agreed to sell Costa Coffee chain to Coca-Cola for $5.1 billion.

Fri, 31 Aug 2018 06:16:10 GMT

Oil steady, as Iran sanctions intensify

Oil prices held firmly on Friday, as the US sanctions on Iran's crude oil exports and falling Venezuelan output reduced global supply.

Fri, 31 Aug 2018 06:15:22 GMT

Eyes on Central Bank, as Turkish Lira stable against Dollar

The Turkish Lira was stable against the US Dollar on Friday, having declined in the previous session on reports that Turkey's Central Bank deputy governor Erkan Kilimci was quitting the bank.

Fri, 31 Aug 2018 05:07:53 GMT

Austria suggests to use army to support border guards

The Austrian Defence Minister Mario Kunasek suggested on Thursday to use armed forces of the European Union to help border guards to protect the frontier from illegal migrants.

Fri, 31 Aug 2018 05:02:29 GMT

Turkish Lira continues to fall

In result of the Turkey's Central Bank Deputy Governor's Erkan Kilimci resignation announcement, the national currency tumbled by 1%, thus reaching the mark of 6.73 against the US Dollar.

Fri, 31 Aug 2018 04:21:30 GMT

US, Canada to prolong NAFTA talks for another day

Senior negotiators from the United Stated and Canada agreed on Thursday to have fourth day of talks aimed to resolve final disagreements before deadline.

Fri, 31 Aug 2018 04:12:15 GMT

Mexico considers banning Odebrecht

According to officials, the new Mexican government may prohibit Odebrecht, the Brazilian scandalous construction company, to participate in projects involving state funds.

Fri, 31 Aug 2018 02:44:50 GMT

Japan's unemployment rate rises to 2.5% in July

Japan's unemployment rate increased fractionally to 2.5% in July, following a 2.4% in a month earlier, the government stated in the report on Friday.

Fri, 31 Aug 2018 02:41:16 GMT

Japan industrial output falls 0.1% in July

Japan's industrial production declined 0.1% in July, after a 1.8% drop a month earlier, making the third month of falling in succession, the report showed on Friday.

Thu, 30 Aug 2018 19:53:08 GMT

EU disagrees with US on trade

The European Commissioner of trade stated on Thursday that the European Union's détente on tariffs with the United States has not put to rest profound disagreements on trade policy.

Thu, 30 Aug 2018 19:52:51 GMT

Apple to unveil new iPhone models on September 12

On Thursday, Apple Inc said it plans to hold an event on September 12 at the company's Cupertino, California, and it is expected to announce its new iPhone models.

Thu, 30 Aug 2018 18:36:46 GMT

Oil edges higher on Iran sanctions

Oil prices surged on Thursday, on signs of declines in crude oil supply from Venezuela and Iran.

Thu, 30 Aug 2018 18:36:21 GMT

Senator Hatch asks FTC to probe Google ads

On Thursday, Republican Senator Orrin Hatch asked the Federal Trade Commission to probe the possible antitrust developments in Google's digital advertising.

Thu, 30 Aug 2018 18:03:58 GMT

Trade worries weighs heavily on Wall Street

On Thursday, the S&P 500 and the Dow Jones Industrial edged lower after four consecutive sessions of gains, as concerns about China-US trade war dragged on.

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