News

Tue, 16 Jan 2018 08:28:23 GMT

Czech PM asks lawmakers to lift his parliamentary immunity

On Tuesday, the Czech Prime Minister Andrej Babis has requested lawmakers to withdraw his parliamentary immunity as he is ready to face the fraud allegations.

Tue, 16 Jan 2018 07:32:13 GMT

US calls on AT&T to cut commercial links to Huawei

US lawmakers has urged the wireless carrier AT&T to cut its commercial ties with China's phone maker Huawei, citing national security concerns.

Tue, 16 Jan 2018 07:30:10 GMT

Philippines closes schools amid volcano eruption

On Tuesday, Philippines shut down more schools as its most active volcano has spewed lava and ashes, covering the nearby towns.

Tue, 16 Jan 2018 05:51:32 GMT

Porsche sets new sales record in 2017

The German car manufacturer Porsche AG has increased its sales by 4% year-on-year in 2017, thus delivering around 246 000 cars to customers globally.

Tue, 16 Jan 2018 05:51:25 GMT

Oil climbs to three-year high

Oil prices were consolidating near their three-year high early on Tuesday, driven primarily by reduced supply from OPEC countries and Russia, as well as solid economic growth.

Tue, 16 Jan 2018 05:20:01 GMT

JD.com invests in Vietnamese e-commerce firm Tiki.vn

China's online retailer JD.com has invested funds in the Vietnamese e-commerce company Tiki.vn in an attempt to strengthen its presence in Southeast Asia.

Tue, 16 Jan 2018 05:18:36 GMT

PBOC raises rate on 63-day reverse repurchase agreements

The People's Bank of China increased the rate on 63-day reverse repos by 5 basis points to 2.95% on Tuesday, thus adjusting it in accordance with other interbank rates.

Tue, 16 Jan 2018 05:15:10 GMT

Oil prices fluctuate at around $70

Crude oil price surged to $70.37 a barrel on Monday, thus reaching the three-year high. The growth was generally driven by production cuts in Russia and OPEC nations as well as by strong demand of developing countries.

Tue, 16 Jan 2018 04:03:31 GMT

Hyundai labour union members accept wage deal

Hyundai's labour union stated that its members have accepted a tentative wage agreement its leaders negotiated with the company's management.

Tue, 16 Jan 2018 04:00:54 GMT

Frd set to invest $11B in electrified vehicles by 2020

Ford Motor is expected to increase significantly its electric vehicle investment to $11B by 2022 and have 40 fully electric and hybrid cars in the model lineup.

Tue, 16 Jan 2018 02:55:56 GMT

Australian new motor vehicle sales rise in December

Australian new motor vehicle sales jumped 4.5% last month, following November's rise of 0.2%, according to the ABS.

Tue, 16 Jan 2018 02:54:44 GMT

Japanese producer prices miss forecasts

The Bank of Japan reported on Tuesday that its PPI rose 3.1% in December, after climbing 3.6% in the previous month, whereas analysts anticipated a 3.3% increase.

Mon, 15 Jan 2018 21:11:14 GMT

BoE still has time

In a speech on Monday one of the BoE policy makers SIlvana Tenreyro revealed that the central bank still considers that it has ample time before it should consider a rate hike.

Mon, 15 Jan 2018 21:10:58 GMT

Bank of England representative reveals watched macros

BoE policymaker Silvana Tenreyro on Monday revealed in a speech that most recently the bank has been watching unit labour costs and inflation as a guide for monetary policy.

Mon, 15 Jan 2018 20:19:37 GMT

Analysts warn about US oil production

According to Reuters some analysts are warning that the increasing US oil production might cause a decline in oil prices, which continue to trade at historical high levels.

Mon, 15 Jan 2018 20:18:12 GMT

Oil prices remain near high levels

On Monday oil prices remained near three year high levels. The prices reached high levels due to OPEC and Russian production cuts.

Mon, 15 Jan 2018 19:07:53 GMT

France anticipates Britain to take more asylum seekers

France anticipated the UK to pay more for security of the border and take more refugees in order to keep a frontier on the Channel's French side, France's government official stated.

Mon, 15 Jan 2018 19:06:25 GMT

Canada's government to invest C$49M in Linamar

The Government of Canada stated that it intended to invest C$49M to support an extension auto parts producer Linamar, helping to create 1,5K jobs in the country.

Mon, 15 Jan 2018 18:13:53 GMT

Canada's home sales increase for fifth month in December

Resales of Canada's houses grew 4.5% in December, rising for the fifth month in succession, as the activity accelerated to avoid changes in mortgage rules, the CREA stated.

Mon, 15 Jan 2018 18:12:52 GMT

Russia's economy shrinks unexpectedly in November

Russian GDP growth slowed 0.3% year-over-year in November, missing expectations for a 1.5% rise, hit by a decline in industrial production.

Mon, 15 Jan 2018 16:59:45 GMT

Profit of China government-owned enterprises rose 15.2% in 2017

Total profit of Chinese central government-owned enterprises rose 15.2% to $217.5B in the year of 2017, the Xinhua reported on Monday.

Mon, 15 Jan 2018 16:59:00 GMT

BoC to hike rates in early 2018, despite NAFTA uncertainties

The Bank of Canada is set to kick off the current year by raising interest rates, encouraged by solid job growth, despite lingering uncertainties surrounding NAFTA.

Mon, 15 Jan 2018 16:10:18 GMT

Lloyd's to open unit in Brussels next year

Lloyd's of London, the leading insurance market, was on track to begin operating at its unit in Brussels until January 2019, the CEO stated on Monday.

Mon, 15 Jan 2018 16:09:50 GMT

China's GDP growth to slow in Q4 on pollution, dept clampdown

Chinese economic growth is likely to slow down modestly in the December quarter, as the country's government expanded a crackdown on factory pollution and debt risks.

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