News

Thu, 23 Nov 2017 05:21:28 GMT

Russia, Turkey, Iran agree to speed up Syria's peace process

The Presidents of Russia, Turkey and Iran agreed to proceed with joining efforts to encourage the shift to political settlement in Syria and restore stability in the war-stricken country.

Thu, 23 Nov 2017 05:20:46 GMT

Tesla finishes large battery's construction in Australia

Tesla completed construction of the biggest lithium-ion battery in the world for South Australia, its most wind power-dependent area, the country's government said.

Thu, 23 Nov 2017 04:28:32 GMT

Australia calls for strong US engagement in Asia, warns against China

Australia urged the United States to ensure a strong, sustained presence in Asia and enhance relationships with like-minded allies, while warning on China's growing influence.

Thu, 23 Nov 2017 04:24:44 GMT

Saudis agree to buy $7B worth precision munitions from US companies

Saudi Arabia agreed to purchase nearly $7B worth of precision munitions from the US defence contractors, sources with knowledge on the matter stated.

Thu, 23 Nov 2017 03:07:05 GMT

Facebook to allow users see if they followed Russia's accounts

Facebook is set to create a web page to let users see which Russia's propaganda profiles they followed or liked, after the US lawmakers called for being more open about the accounts' reach.

Thu, 23 Nov 2017 03:06:00 GMT

Fed minutes signals next rate hike in December

The Fed minutes revealed that the interest rate increase was most likely to be made in the near term, if data indicates that the sluggish inflation trend subsided.

Wed, 22 Nov 2017 21:05:12 GMT

Lebanon's Hariri revokes his statement of resignation

On Wednesday, the Prime Minister of Lebanon Saad al-Hariri decided to temporarily retain the post at the request of the country's President Michel Aoun, thus easing tensions in the region.

Wed, 22 Nov 2017 21:04:58 GMT

ITC to respond on Caterpillar's allegations against German firms

On Wednesday, the US International Trade Commission (ITC) announced that it had started an investigation into accusation that two German companies, Wirtgen GmbH and Joseph Voegele AG, violated on patents owned by the Caterpillar Inc.

Wed, 22 Nov 2017 20:10:58 GMT

Oil prices surge to $63.30

During Wednesday's trading session crude oil prices rose by 1.17% and settled down at $63.30 a barrel, as the US inventories decreased by 1.9M barrels last week, beating expectations of 1.6M barrels.

Wed, 22 Nov 2017 20:01:59 GMT

US accuses Myanmar of 'ethnic cleansing'

On Wednesday, the US Secretary of State Rex Tillerson classified military operation that is being conducted against the Rohingya Muslims by the army of Myanmar as "ethnic cleansing".

Wed, 22 Nov 2017 19:14:38 GMT

SPD under pressure over coalition talks

The Social Democratic Party of Germany faced pressure to reconsider proposing coalition talks to the Merkel's Conservatives to resolve the ongoing political crisis.

Wed, 22 Nov 2017 19:13:34 GMT

Facebook key investor sells most of his stake

According to a regulatory filing published on Tuesday, one of Facebook's key investors Peter Thiel sold most of the stake he had in the social network.

Wed, 22 Nov 2017 17:51:05 GMT

Deutsche Bank's Chief Strategist says investors should avoid bitcoin

On Wednesday, the Chief Strategist at Deutsche Bank Ulrich Stephan said investors should avoid bitcoin, as its fluctuations are too big, while regulation – too scant.

Wed, 22 Nov 2017 17:50:53 GMT

China and South Korea to hold summit in December

The South Korean Foreign Ministry reported on Wednesday the state's President Moon Jae-in would head to Beijing in December for a summit with his Chinese counterpart.

Wed, 22 Nov 2017 17:02:49 GMT

US crude oil inventories down 1.9M barrels last week

The US Energy Information Administration reported commercial crude oil inventories in the United States were down 1.9M barrels last week.

Wed, 22 Nov 2017 17:02:38 GMT

UoM consumer sentiment jumps in November

The University of Michigan's Consumer Sentiment Index managed to hit the 98.5-point mark in November, topping analysts' expectations for a 98.2-point reading.

Wed, 22 Nov 2017 16:17:01 GMT

Prelim Consumer Confidence Index for EU and EZ improves in November

According to the data released by Eurostat, preliminary November estimate of the consumer confidence indicator was up in both the Euro zone and the European Union.

Wed, 22 Nov 2017 16:16:01 GMT

US durable goods orders fall 1.2% in October

The Census Bureau reported on Wednesday the US durable goods orders plummeted 1.2% over the course of October, following a 2% increase registered in the prior month.

Wed, 22 Nov 2017 15:15:12 GMT

South Africa's Zuma names permanent Police Commissioner

The South African President Jacob Zuma designated the General Khehla Sitole as the National Police Commissioner, after around three years of the office being filled on an acting basis.

Wed, 22 Nov 2017 15:03:36 GMT

Britain to launch RBS reprivatisation by selling its shares

The British government is planning to start the reprivatisation of the Royal Bank of Scotland by selling £15B worth of shares, with the sale spread evenly over five years.

Wed, 22 Nov 2017 14:34:11 GMT

South African and Zimbabwean leaders meet in Pretoria

On Wednesday, South Africa's President Jacob Zuma and the next Zimbabwe leader Emmerson Mnangagwa met in Pretoria, the eNCA television reported.

Wed, 22 Nov 2017 14:26:56 GMT

US initial jobless claims drop 13K last week

The number of applications for US unemployment benefits plunged 13K to 239K in the week ending November 18, missing analysts' expectations for a 241K drop.

Wed, 22 Nov 2017 13:02:35 GMT

Oil gains on Wednesday amid reduced supply from North America

Global oil prices gained momentum on Wednesday, as reduced US inventories and supply restrictions in North America put upward pressure on the commodity.

Wed, 22 Nov 2017 13:02:07 GMT

Profits in UK service sector fall to 16.5%

The British Office for National Statistics reported on Wednesday that capital returns in the UK's dominant services sector fell to 16.5% in Q2 – its worst reading since late 2013.

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