News

Wed, 08 Nov 2017 18:11:36 GMT

FCA to ban ex-Libor trader Tom Hayes

The British Financial Conduct Authority revealed it was planning to ban Tom Hayes, the former Libor trader, from the financial services industry.

Wed, 08 Nov 2017 18:11:19 GMT

US Congress supports $700B defence spending plan

On Wednesday, the US Congressional Defence Committees' members finalised a $700B defence spending plan in fiscal year 2018.

Wed, 08 Nov 2017 17:19:27 GMT

Turkey, Italy and France agree to work more on defence

The Turkish Defence Ministry said on Wednesday that the state had signed a letter of intent with Italy and France to fortify the countries' defence cooperation.

Wed, 08 Nov 2017 17:18:26 GMT

North Korea: sanctions hurt women and children

North Korea said it was working towards defending women's rights and equality but stressed the fact that sanctions imposed by major economies were hurting vulnerable families.

Wed, 08 Nov 2017 16:15:57 GMT

US crude oil refinery inputs average 16.3M barrels a day last week

According to the data released by the Energy Information Administration, the US crude oil refinery inputs averaged 16.3M barrels a day in the week ended November 3.

Wed, 08 Nov 2017 16:15:05 GMT

Canadian building permits top estimates

Statistics Canada reported on Wednesday that building permits in the country were up 3.8% in September, topping analysts' expectations for a 0.7% rise.

Wed, 08 Nov 2017 15:31:33 GMT

Takata's creditors urge company to pay $30B

Creditors of the struggling vehicle part maker Takata called for more than $30B that the company deemed to owe them, following its biggest recall caused by the faulty airbags.

Wed, 08 Nov 2017 14:57:53 GMT

Spain annuls Catalan independence declaration

On Wednesday, Spanish Constitutional Court revoked Catalonia's October 27 independence declaration, following its suspension by the government hours after the region's illegal proclamation.

Wed, 08 Nov 2017 14:26:51 GMT

Turkey's opposition urges for PM resignation

On Wednesday, Turkish opposition called for the Prime Minister Binali Yildirim's resignation over his sons' offshore assets amounted to a violation of ethics.

Wed, 08 Nov 2017 14:15:18 GMT

Russia plans to check if Facebook in compliance with law

Russian communications regulator Roskomnadzor is planning to check if Facebook was complying with Russia's law over its citizens' personal data storing on the social media website.

Wed, 08 Nov 2017 12:52:33 GMT

ConocoPhillips will increase spending

The largest US independent natural gas and oil producer on Wednesday announced plans to spend %.5.5 billion annually until 2020 on capital products, as long as oils prices remain above $50 mark.

Wed, 08 Nov 2017 12:51:16 GMT

Ford and Zotye Auto will invest in joint venture

Ford Motor and the Chinese auto maker Anhui Zotye Automobile have made an agreement to invest $756 million in developing electric passenger vehicles.

Wed, 08 Nov 2017 12:01:39 GMT

Airbus knew of software issue

Spanish investigators have found out that both Airbus and European safety regulators had been warned in 2014 about the software vulnerability of the A400M military plane.

Wed, 08 Nov 2017 11:17:54 GMT

Netherlands will investigate tax deals

The Dutch government has announced that they will review 4,000 tax deals between the government and various companies. This comes after the discovery of an error in the tax draft with Procter & Gamble.

Wed, 08 Nov 2017 10:59:27 GMT

Trump to discuss trade with Xi Jinping

The US Commerce Secretary has announced that the US and Chinese Presidents will discuss trade imbalances during Trump's visit to China.

Wed, 08 Nov 2017 10:58:49 GMT

UK firms raise salaries

On Wednesday two surveys revealed that UK employers are increasing pay due to the Brexit caused recruitment problems.

Wed, 08 Nov 2017 10:09:04 GMT

Erdogan to make visit to Doha on November 15

Turkish President Tayyip Erdogan is set to visit Qatar on November 15, after Ankara has supported Doha in the dispute with its neighbouring Gulf Arab states.

Wed, 08 Nov 2017 10:00:36 GMT

Trump to arrive in China on Wednesday

The US President Donald Trump is expected to land in China's capital of Beijing on Wednesday, November 8 amid his first trip to Asian countries.

Wed, 08 Nov 2017 09:31:23 GMT

Washington criticises Houthis missile attacks on Saudi

On Wednesday, the white House condemned Yemeni Houthi's missile attacks on Saudi Arabia, claiming that they had threatened the national security, undermining efforts to stop the conflict.

Wed, 08 Nov 2017 09:13:42 GMT

French trade balance in line with forecasts

The Ministry for the Economy and Finance reported that France's trade deficit rose €0.3B to €4.7B in September, fully meeting analysts' expectations.

Wed, 08 Nov 2017 08:26:27 GMT

Ex-Lebanese PM arrives in UAE amid deepening home crisis

The former Lebanon Prime Minister Saad al-Hariri visited the UAE on Tuesday as home crisis and regional tensions escalate caused by his unexpected resignation.

Wed, 08 Nov 2017 08:15:09 GMT

China diminishes trade balance expectations

CGAC reported on Wednesday that China's trade surplus rose ¥61B to ¥254B in October, missing analysts' expectations for a ¥275B surge.

Wed, 08 Nov 2017 07:33:28 GMT

Paramount $1B funding deal crumbed amid Beijing scrutiny

Paramount Pictures' $1B films-funding deal with the Chinese Huahua Media was scuttled, following Beijing scrutiny over the investment policies.

Wed, 08 Nov 2017 07:20:16 GMT

Trump seeks China to cut financial ties with North Korea

The US leader Donald Trump is eager to ask China's President Xi Jinping to cut Chinese financial ties with North Korea and abide the provocative country by UN sanctions.

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