News

Wed, 14 Feb 2018 13:02:05 GMT

British firms set to biggest wage rises since 2008

According to the BoE survey, the UK companies are planning wage increases of 3.1% within this year, the biggest since 2008, as higher minimum pay kicks in.

Wed, 14 Feb 2018 12:56:47 GMT

Ex-Georgia's leader Saakashvili in Netherlands

The Dutch news outlet ANP reported on Wednesday that the former Georgia's President Mikheil Saakashvili was in the Netherlands, after the expulsion from Ukraine earlier that week.

Wed, 14 Feb 2018 12:33:45 GMT

Iraqi allies pledge billions on reconstruction

The Iraqi allies Turkey, Kuwait, Gulf states and Europe pledged the country billions of dollars in loans, investment and credit lines for reconstruction, their representatives stated on Wednesday.

Wed, 14 Feb 2018 12:27:35 GMT

Danish Prince Henrik dies on Tuesday night

According to the Royal House, the Danish Queen Margrethe's husband Prince Henrik died on Tuesday's night at the Fredensborg Castle.

Wed, 14 Feb 2018 10:59:02 GMT

US doubles foreign solar investments

During the first year of Trump's presidency the US government has doubled its funding for solar power use outside of the country.

Wed, 14 Feb 2018 10:57:29 GMT

Chinese central bank announces continuation of their risk program

The central bank of China on Wednesday announced that the institution will continue to monitor systemic financial risk. This comes after the announcement that the bank has reached its goals in battling financial deleveraging.

Wed, 14 Feb 2018 10:34:24 GMT

India's PNB detects $1.77B worth of fraudulent transactions

India's local Punjab National Bank stated that it had detected unauthorised and fraudulent transactions worth around $1.77B at one o0f its Mumbai branches.

Wed, 14 Feb 2018 10:28:45 GMT

Japan's PM Abe may visit Moscow in May

On Wednesday, the RIA news outlet quoted Japan's ambassador to Moscow as saying that the Prime Minister Shinzo Abe might visit Russia's capital on May 26.

Wed, 14 Feb 2018 09:33:50 GMT

Netanyahu: coalition government remains stable

On Wednesday, Israeli PM Benjamin Netanyahu stated that his government coalition remained stable, continuing to govern despite he was allegedly indicted for bribery.

Wed, 14 Feb 2018 09:29:16 GMT

Mercedes-Benz to recall 1,480 cars in Russia

Daimler's Mercedes-Benz is planning to recall 1,480 V-Klasse minivans in Russia, sold in the 2014-2015 time period, amid a presumable fault with its driver's airbag.

Wed, 14 Feb 2018 08:33:30 GMT

Lotte's shares tumble amid chairman arrest

Shares in Lotte plunged more than 7% on Wednesday, following the arrest of its senior chairman Shin Dong-bin for bribery that frightened investors over leadership vacuum.

Wed, 14 Feb 2018 08:30:41 GMT

South Korea's GM workers stage protest over plant closure

On Wednesday, General Motors' workers at the South Korean plant, which is set to be closed by May 2018, staged a protest, threatening a strike and calling the move "a death sentence".

Wed, 14 Feb 2018 07:31:00 GMT

China's JD.com lifts $2.5B for logistics arm

JD.com stated on Wednesday that it had raised $2.5B for the logistics arm, as the e-commerce company aims to strengthen its position in the online retail sector in China and beyond.

Wed, 14 Feb 2018 07:24:37 GMT

Japan Display posts consecutive net loss in Q4

On Wednesday, Japan Display reported a fourth straight net loss of $304M in the fourth quarter, as its biggest client Apple had lowered the orders for its OLED technology.

Wed, 14 Feb 2018 05:55:05 GMT

Toshiba appoints new CEO

In an effort to recover after suffering major losses in the US, Toshiba Corp has appointed a new CEO and posted first annual profit after a four year break.

Wed, 14 Feb 2018 05:54:20 GMT

Chinese investors decrease exposure

Due to the upcoming week long Chinese holidays Chinese investors are decreasing their exposure to equity fluctuations. Namely there is an increase in closure of positions and buying of hedging instruments.

Wed, 14 Feb 2018 05:34:33 GMT

Indian PNB detects fraudulent transactions

The state-run Indian bank Punjab National Bank announced on Wednesday that it has detected unauthorized transactions in its branch of Mumbai. The total worth of transactions is estimated at $1.8B.

Wed, 14 Feb 2018 05:34:05 GMT

Baidu beats quarterly earnings estimates

Chinese internet company Baidu Inc declared a better than expected quarterly earnings report. Moreover, the report revealed the plans for new updates to the company's streaming platform.

Wed, 14 Feb 2018 04:29:31 GMT

Uber's Q4 loss narrows to $1.1B

Uber Technologies stated that the company's fourth-quarter loss was narrowed to $1.1B from $1.46B in the prior quarter, according to sources familiar with the matter.

Wed, 14 Feb 2018 04:26:14 GMT

US to impose sanctions on Latvia's ABLV Bank

The United States is set to propose sanctions on Latvia's ABLV Bank, prohibiting it from maintaining or opening correspondent accounts in the US amid money laundering concerns.

Wed, 14 Feb 2018 03:29:55 GMT

New Zealand inflation expectations improve in March quarter

The RBNZ reported on Wednesday that its Inflation Expectations Index climbed 2.1% in the first quarter of 2018, after rising 2.0% in the preceding quarter.

Wed, 14 Feb 2018 03:29:06 GMT

Japanese economy expands less than expected in December quarter

According to the preliminary estimate, the Japanese economy grew 0.1% quarter-on-quarter in the last quarter of 2017, while analysts expected the economy to expand at a rate of 0.2%.

Tue, 13 Feb 2018 21:10:44 GMT

Macron does not plan to waste time over Brexit

The French President Emmanuel Macron does not plan to waste time in Brexit negotiations and wants Michel Barnier to be the bloc's only negotiator.

Tue, 13 Feb 2018 21:09:43 GMT

Delta Air Lines shows interest in Boeing 797 jet

Delta Air Lines plans to be one of the first airlines for new Boeing 797 mid-market plane, a report acquired by Bloomberg shows.

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