News

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.

Wed, 22 Nov 2017 12:02:19 GMT

EU Commission: six members may fail to comply with budgeting rules in 2018

Six of EU member countries, including Italy, France and Belgium, might fail to comply with the region's budget deficit rules in 2018, the European Commission said on Wednesday.

Wed, 22 Nov 2017 11:54:06 GMT

EBRD report: new growth models needed to ensure economic growth

The Transition Report 2017-18 released by the EBRD shows that new growth models are needed for its member countries to ensure sustainable economic growth in the future.

Wed, 22 Nov 2017 11:08:45 GMT

India approves membership for EBRD

India has approved the membership for the European Bank for Reconstruction and Development, thus aiming to enhance credibility and advance its economic interests.

Wed, 22 Nov 2017 11:05:43 GMT

EIOPA chief says harmonised insurance guarantees are needed in EU

The chief of the European Insurance and Occupational Authority explained that the EU needed harmonised insurance guarantees that would protect beneficiaries and policyholders.

Wed, 22 Nov 2017 10:20:16 GMT

Mnangagwa set to be sworn in as Zimbabwe's President

The former Vice President of Zimbabwe Emmerson Mnangagwa is set to be sworn in as the country's President on November 24, following Robert Mugabe's resignation after about four decades in power.

Wed, 22 Nov 2017 10:11:41 GMT

CRC offers to buy Banca Carige's consumer credit unit

The US hedge fund CRC offered to acquire Banca Carige's consumer credit unit Creditis, while the bank must accept the bid by Wednesday, closing the sale by December 6.

Wed, 22 Nov 2017 09:04:47 GMT

US imposes sanctions against 13 Asian organisations

The United Stated sanctioned 13 North Korean and Chinese organisations that Washington had accused of evading nuclear restrictions imposed against Pyongyang and supporting it through trade.

Wed, 22 Nov 2017 08:54:51 GMT

Uniper to phase out 2K jobs amid cost-cutting plan

Germany's energy company Uniper is set to cut about 2K jobs, which is 14% of the group's workforce, by the next year's end on the back of its planned cost-cutting programme.

Wed, 22 Nov 2017 08:32:37 GMT

China respects Mugabe's decision to quit

China stated on Wednesday it respected the decision of Robert Mugabe to step down as Zimbabwe's President, after clinging on a week, despite army's takeover.

Wed, 22 Nov 2017 08:22:12 GMT

Hariri attends Independence Day parade in Beirut

On Wednesday, Saad al-Hariri attended the national Independence Day's celebrations in Beirut, following his return to Lebanon, first time since stepping down as Prime Minister.

Wed, 22 Nov 2017 07:32:23 GMT

Ex-China Internet regulator head under inquiry for suspected graft

China launched an investigation to probe the former chief of the country's powerful regulator Lu Wei for suspected graft, after he was caught up in sweeping campaign against corruption.

Wed, 22 Nov 2017 07:21:14 GMT

Uber pays hackers $100K to cover up data breach

Uber Technologies stated on Tuesday that it had paid hackers $100K to cover up a massive breach in 2016 that exposed personal data of around 57M Uber's accounts.

Wed, 22 Nov 2017 06:30:03 GMT

US ITC offers tariffs to curb LG, Samsung washer imports

The US International Trade Commission offered tariffs on Tuesday to keep LG and Samsung from filling the US market with their inexpensive washers.

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