News

Mon, 30 Oct 2017 19:00:26 GMT

Kobe Steel seeks $440M in loans

Kobe Steel was seeking $440M in loans from banks. Meanwhile, a shareholder offered a support since the company was trying to overcome the falsified product certification scandal.

Mon, 30 Oct 2017 19:00:07 GMT

Akzo Nobel to discuss $30B worth merger with Axalta

Akzo Nobel, Dutch paints maker, has discussed a possible merger with the US rival Axalta Coating Systems to build a $30B worth company, to recover after dismissing the takeover offer.

Mon, 30 Oct 2017 18:13:28 GMT

US consumer spending jumps 1% in September

The US consumer spending inched 1% in September, the fastest pace since 2009, amid replacement of the flood-damaged motor vehicles in Florida and Texas, while inflation remained muted.

Mon, 30 Oct 2017 18:12:45 GMT

Chinese banks report higher quarterly profits

Four of Big Five state-owned Chinese banks have reported higher quarterly profits, while bad loans‘ growth has slowed, amid scrutiny of the shadow banking sector and resilient economy.

Mon, 30 Oct 2017 17:03:15 GMT

Brent oil prices hold above $60 on Monday

Brent oil prices held above $60 a barrel during London session, amid anticipated OPEC-led production cuts that would be extended beyond March.

Mon, 30 Oct 2017 17:02:23 GMT

US to invest $60M in Sahel region's security

The US has promised $60M to support the counterterrorism efforts of the G5 Sahel Joint Force, in order to ensure stability and security of the regional partners, Tillerson said.

Mon, 30 Oct 2017 16:09:46 GMT

Euro zone sentiment hits record-high since 2001

The Euro zone economic sentiment surged in October for the fifth month to 114.0 points, reaching its highest level since January 2001.

Mon, 30 Oct 2017 16:09:31 GMT

Trump likely to name next Fed chair on Thursday

The US President Donald Trump is likely to appoint Jerome Powell as the next Federal Reserve chair, while the announcement is expected to take place on Thursday.

Mon, 30 Oct 2017 15:14:51 GMT

German inflation slows in October

Germany's annual inflation has slowed in October, remaining below the ECB target. Such data stimulated bank's decision to slowly eliminate monetary stimulus.

Mon, 30 Oct 2017 15:06:37 GMT

Wall Street suffers from Russia probe

Wall Street has opened lower on Monday, since investors evaluated the first charges‘ fallout that were connected with Russia probe into possible meddling in the last US election.

Mon, 30 Oct 2017 14:26:47 GMT

Apple, Facebook CEOs meets China's President Xi

On Monday, the Chief Executives of Apple and Facebook, Tim Cook and Mark Zuckerberg, met the Chinese President Xi Jinping at the annual adviser gathering in Beijing.

Mon, 30 Oct 2017 14:26:12 GMT

Ex-Catalan leader to meet lawyers in Brussels

Former Catalonia's leader Carles Puigdemont is about to arrive in Brussels to meet political representatives and lawyers, the Belgian broadcaster VRT reported on Monday.

Mon, 30 Oct 2017 12:51:19 GMT

Moscow-backed Syria Congress likely to happen soon

According to the RIA news outlet, a Russian-backed Congress of the Syrian ethnic groups is likely to take place next month in Russia, launching work on drafting a new constitution.

Mon, 30 Oct 2017 12:51:10 GMT

Japan vows to help Philippines rebuild war-torn Marawi

Japan pledged on Monday that it would help the Philippines rebuild its war-damaged Marawi city on the back of ties strengthening to counter the regional influence of China.

Mon, 30 Oct 2017 12:08:58 GMT

Croatia seeks to adopt Euro by 2025

According to the PM Andrej Plenkovic, Croatia is seeking to join the Euro zone and adopt the Euro within the following seven to eight years.

Mon, 30 Oct 2017 12:08:50 GMT

Singapore top official ready to become new PM

Singapore's Cabinet Minister Chan Chun Sing stated on Monday that he was prepared to become the country's next Prime Minister.

Mon, 30 Oct 2017 10:56:58 GMT

German parties reopen coalition talks

The major German parties resumed their coalition talks on Monday, following a high-level meeting with the Chancellor Angela Merkel the previous day.

Mon, 30 Oct 2017 10:56:38 GMT

UAE to continue cutting oil output amid global deal

The United Arab Emirates is eager to keep reducing oil output in order to comply with the global oil production cut deal, the country's Energy Minister stated.

Mon, 30 Oct 2017 10:18:11 GMT

China calls for strengthening cooperation with Sri Lanka

On Monday, the Chinese Foreign Minister Wang Yi stated that China was seeking closer cooperation with Sri Lanka on key investment projects amid strong opposition to the main Chinese-invested schemes.

Mon, 30 Oct 2017 10:17:08 GMT

HSBC to move up to 1K employees to Paris amid Brexit

The HSBC finance head Iain Mackay stated on Monday that the bank considers moving about 1K jobs to Paris after Britain's withdrawal from the European Union.

Mon, 30 Oct 2017 09:23:53 GMT

Nintendo console's strong sales lift annual profit forecast

On Monday, Japan's videogames maker Nintendo raised its annual operating profit outlook to $1.06B due to a strong demand for its Switch console.

Mon, 30 Oct 2017 09:14:33 GMT

Lotte chairman likely to face 10-year jail term

South Korea's prosecution is calling for a 10-year imprisonment for the Lotte Group's Chairman Shin Dong-bin over the corruption charges he had faced last year.

Mon, 30 Oct 2017 08:26:01 GMT

Akzo Nobel seeks to buy US rival Axalta

The Dutch coatings and paint maker Akzo Nobel is in talks to acquire the US rival Axalta Coating Systems; a deal that could create a $30B company.

Mon, 30 Oct 2017 08:25:21 GMT

Saudi Arabian Airlines to renew flights to Iraq

Domestically owned Saudi Arabian Airlines is about to resume flying to Iraq on a regular basis starting from Monday after 27 years of halt.

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