News

Wed, 31 May 2017 08:57:47 GMT

Duterte will not negotiate

Rodrigo Duterte, the President of the Philippines, announced on Wednesday that he will not negotiate with the rebels who have occupied the southern part of Marawi City.

Wed, 31 May 2017 08:05:12 GMT

Putin evaluates Macron as pragmatic

In a recent interview with the French media Le Figaro Vladimir Putin has described the new French leader as a pragmatic President, which could get to common ground with Russia.

Wed, 31 May 2017 08:03:59 GMT

OPEC cuts not working

On Wednesday a clear example could be seen, why OPEC production cuts are not going to increase the market price of oil. Libyan and US crude oil outputs were undermining the cuts taken by the cartel.

Wed, 31 May 2017 06:51:56 GMT

Toshiba to withhold audited annual results at shareholders meeting

On Wednesday, Toshiba announced that it would be unable to present its fiscal year's audited business results at the general meeting of shareholders on June 28.

Wed, 31 May 2017 06:51:44 GMT

Russia hits Islamic State targets with missiles from Mediterranean

Russia's submarine and warship fired four missiles at the Islamic State equipment and manpower from the Mediterranean close to Syria's Palmyra city, giving an advance notice to the US, Israel and Turkey.

Wed, 31 May 2017 06:32:50 GMT

Japan PM seeks cooperation with China on North Korea crisis

The Prime Minister of Japan Shinzo Abe intends to cooperate with China to find a resolution to the North Korean missile and nuclear programme crisis.

Wed, 31 May 2017 06:15:40 GMT

Vietnam to close deals for nearly $17B in US goods, services

On Tuesday, Vietnam's Primer Minister Nguyen Phuc announced that he was eager to sign deals for the US goods and services for up to $17B during his Washington visit.

Wed, 31 May 2017 05:34:59 GMT

Uber fires autonomous vehicle head in midst of court case

Uber Tech fired the chief of its self-driving car unit Anthony Levandowski in the centre of the court case with Alphabet's Waymo after he failed to transfer necessary documents to the court. 

Wed, 31 May 2017 05:17:09 GMT

Car blast hits Kabul's centre, killing several

On Wednesday, a car bomb blasted in the Afghani capital of Kabul near the German embassy and the Presidential Palace, leaving several people dead and wounded.

Wed, 31 May 2017 04:19:40 GMT

Toshiba announced shareholder meeting

Toshiba Corporation announced on Wednesday that the company will host a general shareholder meeting at the end of June. The meeting will take place on June 28.

Wed, 31 May 2017 04:18:58 GMT

Philippines urge Islamists to surrender

On the eight day of their assault the Philippine's military urged the Islamist militants, which occupy the southern part of the Marawi city to surrender.

Wed, 31 May 2017 02:52:18 GMT

Vietnam to sign trade deals up to $17B worth with US

Nguyen Xuan Phuc, the PM of Vietnam, revealed that he is likely to sign trade deals worth $15B to $17B with the US to increase the import of services and high technologies.

Wed, 31 May 2017 02:52:06 GMT

Deutsche Bank fined for failures in anti-money laundering

The Fed requested Deutsche Bank to pay $41M of fine for failing to maintain its anti-laundering protection in four-year period from 2011.

Wed, 31 May 2017 02:13:29 GMT

China's manufacturing index keeps prior's month growth pace in May

China's manufacturing PMI maintained its growth pace at 51.2 in May, while analysts anticipated the economy to lose some momentum after strong Q1 data.

Wed, 31 May 2017 02:01:23 GMT

Japan's industrial production rallies near six-year peak in April

Japan's industrial output rose 4.0% in April, almost reaching its six-year high as economic growth continued to improve amid higher overseas demand.

Tue, 30 May 2017 20:00:53 GMT

Two regional Feds support discount rate increase

The Kansas City Fed and the Richmond Fed supported an increase of the Bank's discount rate ahead of its May meeting, the minutes released on Tuesday showed.

Tue, 30 May 2017 19:57:28 GMT

BlackRock CEO forecasts weak Q2 earnings figures

BlackRock's CEO Larry Fink reported on Tuesday that the company's Q2 earnings and growth might disappoint investors.

Tue, 30 May 2017 18:56:13 GMT

Next Fed rate hike depends on inflation growth

The Federal Reserve Governor Lael Brainard reported on Tuesday that a rate increase could happen very soon; however, the Bank might postpone it if inflation fails to show solid growth.

Tue, 30 May 2017 18:55:17 GMT

Cevian Capital buys 5.6% stake in Ericsson

On Tuesday, Cevian Capital, an international investment firm, bought a 5.6% stake in Ericsson, Sweden's mobile telecom equipment producer.

Tue, 30 May 2017 17:57:40 GMT

China to adopt law on cyber security from Thursday

China is set to implement from Thursday a new cyber security law that requires strict data storage and surveillance, aiming to diminish risks of cyber attacks.

Tue, 30 May 2017 17:54:19 GMT

Atlanta Fed expects GDP growth at 3.8% in Q2

The Atlanta Federal Reserve raised its forecast for the US economy to expand at a 3.8% annualised pace in the second quarter of 2017.

Tue, 30 May 2017 16:55:29 GMT

Germany's Gabriel expects ties with US to improve

Germany Foreign Minister Sigmar Gabriel admitted that the country's relations with the US faces some problems, but are likely to improve in the future.

Tue, 30 May 2017 16:52:55 GMT

British PM says wants to stay in partnership with EU

Britain's Prime Minister Theresa May said that she wants the UK to keep a special partnership with the EU and continue cooperation on security and defense issues.

Tue, 30 May 2017 16:05:11 GMT

Canada's current account deficit widens to $14.05B in Q1

Statistics Canada reported that the country's current account deficit expanded to $14.05B for the first quarter of 2017, due to higher imports of goods and services.

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