News

Sat, 14 Jul 2018 07:48:00 GMT

WSJ: businesses, consumers more confident in Q2Y2018

According to the Wall Street Journal, the solid profit increase of Citigroup and JPMorgan Chase & Co in Q2Y2018 showed stronger business and consumer confidence in the US economy.

Sat, 14 Jul 2018 07:47:29 GMT

Colombia's Duque names key cabinet members

The Colombian President-elect Ivan Duque has nominated Andres Valencia and Carlos Holmes as agriculture and foreign ministers, respectively.

Sat, 14 Jul 2018 06:58:11 GMT

NPA suspends temporarily four shipping lines

The Nigerian Ports Authority has slammed a 10-day suspension on Maerskline, Cosco, APS and Lansal shipping lines after a strike of truck drivers.

Sat, 14 Jul 2018 06:56:46 GMT

China signs modernisation deal with Nokia

China Mobile has signed a deal worth $1.17B with the Finnish telecommunications company Nokia for the implementation of a future-oriented network infrastructure.

Sat, 14 Jul 2018 06:11:33 GMT

Turkey calls US for understanding

The head of the ruling Justice and Development Party Mehdi Eker said on Friday he expects the United States will understand and respect Turkey's decision to purchase Russian S-400 missile batteries.

Sat, 14 Jul 2018 06:08:07 GMT

Rocha quits presidential race

Brazilian Billionaire Flavio Rocha announced on Friday his quit from presidential race amid low rates in opinion polls which were similar to ex-Minister Henrique Meirelles results.

Sat, 14 Jul 2018 05:22:13 GMT

Massive protests begin in Nicaragua

Tens of thousands Nicaraguans went to the streets of their cities on Friday to demand President Daniel Ortega's immediate resignation.

Sat, 14 Jul 2018 05:18:46 GMT

Putin meets with Iranian envoy

The President of Russia Vladimir Putin met on Friday with delegation from Iran led by Khamenei's aide Akbar Velayati to discuss regional security and future of the nuclear deal.

Sat, 14 Jul 2018 04:10:45 GMT

Pompeo meets with Obrador

In a meeting with the newly elected President of Mexico Andres Obrador, the US Secretary of State Mike Pompeo noted that President Trump wanted to improve and strengthen relations with southern neighbour.

Sat, 14 Jul 2018 04:06:13 GMT

Pelosi wants discussion about election meddling

The senior US Democrat in the House of Representatives Nancy Pelosi said on Saturday that President Trump must convince Vladimir Putin to end meddling into American elections.

Sat, 14 Jul 2018 03:06:27 GMT

US removes ban on companies selling to China's ZTE

US Department of Commerce On Friday removed a ban on US companies selling goods to Chinese company ZTE Corp.

Sat, 14 Jul 2018 03:05:51 GMT

AT&T CEO believes that Time Warner deal is unmovable

On Friday, Chief Executive Randall Stephenson stated that the US Justice Department has little or no chance of overturning AT&T Inc's of buying Time Warner.

Sat, 14 Jul 2018 02:07:21 GMT

US Justice Department accuses Russian spy's of 2016 election meddling

On Friday, a federal grand jury announced the indictments of 12 Russian spies with hacking and meddling of the US 2016 Presidential election.

Sat, 14 Jul 2018 02:06:45 GMT

S&P 500 hits five-month high

US stocks rallied slightly on Friday, and thus sending the S&P 500 to reach a five-month high.

Fri, 13 Jul 2018 19:47:34 GMT

S. Africa gets $10B investment pledge from Saudi Arabia

The South African President Cyril Ramaphosa received a $10B investment pledge from Saudi Arabia during his Middle East trip, the Presidency reports.

Fri, 13 Jul 2018 19:46:44 GMT

Morocco, China to strengthen media cooperation

Morocco and China plan to improve bilateral media cooperation after a Chinese delegation's visit to Rabat, Morocco's official news agency reports.

Fri, 13 Jul 2018 19:33:16 GMT

Russia summons Greek Ambassador to protest expulsion of diplomats

The Russian Foreign Ministry summoned the Greek Ambassador to Moscow Andreas Friganas on Friday to protest the recent expulsion of Russian diplomats.

Fri, 13 Jul 2018 19:32:31 GMT

India plans to purchase Russian S-400 missile defence system

India plans to purchase S-400 air defence system despite US sanctions on military transactions with Russia, the Indian Defence Minister Nirmala Sitharaman says.

Fri, 13 Jul 2018 18:49:46 GMT

New York Fed lowers US GDP growth estimates for Q2, Q3

The US economy is likely to expand at a 2.77% annualized rate in the Q2 and 2.64% in the Q3, following the latest reports on import prices and the CPI, the New York Fed's Nowcast model revealed.

Fri, 13 Jul 2018 18:49:22 GMT

China to enhance core technology innovation

The President of China Xi Jinping stated that the country must enhance its core technology innovation, as it wpuld be key to high-quality economic development and national security.

Fri, 13 Jul 2018 17:01:32 GMT

US import prices plummet by most in more than two years

The US import prices marked the strongest decline in over two years in June, as petroleum products' prices dropped and the strong US Dollar weighed on other goods' costs, indicating benign import inflation pressures.

Fri, 13 Jul 2018 17:00:44 GMT

Infosys keeps revenue forecast for fiscal year

India's second-largest IT company Infosys retained the revenue outlook for its fiscal year ending in March, with the CEO optimistic about demand for the firm's services in the key markets of Europe and the US.

Fri, 13 Jul 2018 15:50:21 GMT

Wells Fargo profit below estimates on decline in loans, high expenses

Wells Fargo & Co showed in the report that its quarterly profit fell short of analysts' estimates, as expenses rose amid former missteps, while lending activity weakened, sending the company's shares down 4% in early trade.

Fri, 13 Jul 2018 15:50:12 GMT

Citigroup profit grows on consumer banking

Citigroup reported that its quarterly profit topped Wall Street forecasts on strength in the company's consumer banking business, though revenue missed estimates, weighed down by weaker debt underwriting.

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