News

Thu, 26 Oct 2017 18:05:11 GMT

Italy's Senate approves new electoral system

The Italian upper house Senate approved a new electoral system that is seen to derail the anti-establishment 5-Star Movement at an upcoming national election and favour mainstream political blocs.

Thu, 26 Oct 2017 18:00:26 GMT

Deutsche Boerse CEO to resign amid insider trading allegations

Deutsche Boerse's CEO Carsten Kengeter has decided to step down amid ongoing allegations of insider trading. 

Thu, 26 Oct 2017 17:04:07 GMT

ECB to be careful in reducing pile of bad loans

The ECB pledged it would be careful in its intention to reduce the Eurozone's $990B pile of bad loans following complaints from Italy that it would hurt the economy.

Thu, 26 Oct 2017 16:56:28 GMT

US House passes budget blueprint for 2018

The US House of Representatives passed a budget plan for the 2018 fiscal year, paving the way for deep tax cuts sought by the US President Donald Trump and Republican leaders. 

Thu, 26 Oct 2017 16:13:16 GMT

Iceland's centre-right party leads poll ahead of vote

An opinion poll published on Thursday showed the Icelandic Independence Party's strong lead over its political rivals ahead of Saturday's parliamentary vote.

Thu, 26 Oct 2017 15:07:04 GMT

US pending home sales hold steady in September

The National Association of Realtors reported that pending home sales held steady last month after dropping 2.8% in August, whereas analysts anticipated a 0.2% rise.

Thu, 26 Oct 2017 15:06:13 GMT

US wholesale inventories rise 0.3% last month

The Census Bureau reported on Thursday that US wholesale inventories rose 0.3% in September, following the preceding month's jump of 0.9% and missing analysts' expectations for a 0.4% increase.

Thu, 26 Oct 2017 14:06:52 GMT

US trade balance worsens in September

The Bureau of Economic Analysis reported on Thursday that the US trade deficit widened to $64.1B in September, from the preceding month's upwardly revised $63.3B gap.

Thu, 26 Oct 2017 14:05:58 GMT

US initial jobless claims rise 10K last week

The number of applications for US unemployment benefits surged 10K to 233K in the week ending October 21; however, still missing analysts' expectations for a 235K rise.

Thu, 26 Oct 2017 13:17:55 GMT

Automakers warn EU over patent fees model

VW, BMW, Daimler and Apple warned the European Union's regulators over adopting patent fee model, which could damage hinder and consumers innovation.

Thu, 26 Oct 2017 12:32:58 GMT

UK to hold Brexit bill debate next month

According to the British government, the Brexit bill debate is scheduled for November 14-15 in the UK Parliament, another stage to test PM Theresa May's authority.

Thu, 26 Oct 2017 12:07:31 GMT

Catalan leader set to make statement at 1130 GMT

On Thursday, Catalonia's leader Carles Puigdemont is willing to make an official statement at 1130 GMT, according to the regional government.

Thu, 26 Oct 2017 11:03:13 GMT

Kremlin calls Kiev blast accusations baseless

The Kremlin stated on Thursday that the accusations of Russia to be behind an explosion in Ukraine's Kiev, which left two people dead and one member of the Parliament injured, were baseless.

Thu, 26 Oct 2017 11:02:41 GMT

Russia, Qatar ink MOU, pact on air defence, supplies

On Thursday, Qatar and Russia signed a memorandum of understanding and a military technical cooperation accord on military supplies and air defence.

Thu, 26 Oct 2017 10:03:05 GMT

Taiwan seeks to improve relations with China

The President of Taiwan Tsai Ing-wen said on Thursday that China and Taiwan should eliminate conflict between both countries and seek to improve their relations.

Thu, 26 Oct 2017 10:00:52 GMT

China changes strategy to pursue qualitative, long-term growth

China plans to change its strategy and dismiss the previous target of doubling the country's GDP from 2021 in order to focus on qualitative and sustainable long-term growth.

Thu, 26 Oct 2017 09:13:52 GMT

London reopens Canary Wharf DLR station after fire alert

According to Transport of London, the Canary Wharf Docklands Light Railway Station resumed its operations on Thursday after it was closed amid fire alert.

Thu, 26 Oct 2017 08:55:45 GMT

Spain De Guindos sees GDP growth above 3% in 2017

Spanish Economy Minister Luis De Guindos stated on Thursday that he was expecting GDP to grow above 3% this year, despite Catalonia's secession bid.

Thu, 26 Oct 2017 08:29:25 GMT

27 dead amid blast at fireworks plant in Indonesia

At least 27 people died and 35 more were injured in a blast at a fireworks plant in Indonesia, not far from the capital of Jakarta, the media reported on Thursday.

Thu, 26 Oct 2017 08:23:55 GMT

Spain jobless rate drops to nine-year low

According to the National Statistics Institute, the unemployment rate in Spain fell to 16.4% in the Q3, surprising analysts with the lowest reading in more than nine years.

Thu, 26 Oct 2017 07:34:20 GMT

Iraqi PM urges Kurdish independence vote to be cancelled

Iraq's Prime Minister Haider al-Abadi urged on Thursday to declare the Kurdish independence referendum void, saying Iraq would not accept any other option.

Thu, 26 Oct 2017 07:29:05 GMT

New Zealand PM seeks talks on TPP deal in Vietnam

New Zealand's PM Jacinda Ardern seeks to discuss the Trans-Pacific Partnership accord in Vietnam in two weeks to ban foreign speculators who buy New Zealand's existing homes.

Thu, 26 Oct 2017 06:17:38 GMT

McDonald's gets new name in China amid unit sale

McDonald's is eager to change its registered name in China to "Golden Arches", after the chain agreed to sell the majority of its Hong Kong and China business to CITIC and Carlyle Group earlier that year.

Thu, 26 Oct 2017 06:01:36 GMT

Kobe Steel loses JIS certificate for copper products

Kobe Steel stated on Thursday that its Japanese Industrial Standards certification for copper products made at Hitano plant had been revoked amid data fabrication.

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