News

Sat, 20 May 2017 02:09:14 GMT

Trump to provide exclusive contract to handle US student loans

Trump's administration is likely to offer a contract providing one company a right to serve billions of dollars of federal student loans, which now are handled by four firms.

Sat, 20 May 2017 02:06:27 GMT

BoE head visits White House to discuss financial stability

Mark Carney, the BoE Governor, visited the White House to meet Gary Cohn, the Trump's chief economic advisor, on the matter of global financial stability issues.

Fri, 19 May 2017 20:17:10 GMT

EU ready to help de-escalate tensions on Korean Peninsula

The EU told a South Korean envoy that the bloc was ready to team up with international partners to de-escalate tensions and denuclearize the Korean Peninsula.

Fri, 19 May 2017 20:10:08 GMT

Greenback poised for worst week since April 2016

The Greenback was poised for the worst week since April 2016 versus a basket of major currencies. The US Dollar lost 2% this week, falling 0.6% on Friday and reaching the lowest level since November 9.

Fri, 19 May 2017 17:53:21 GMT

South Sudan government forces kill 114 civilians

South Sudanese pro-government forces killed 114 civilians in a single town last year amid growing ethnic violence in the country's civil war, a new United Nations report said on Friday.

Fri, 19 May 2017 17:53:12 GMT

Czech President accepts nomination for new finance minister

Milos Zeman, the President of Czech Republic, said he would appoint Ivan Pilny, the former head of Microsoft's operations, as a new finance minister.

Fri, 19 May 2017 17:01:57 GMT

Fed's Bullard questions need for June rate hike

Citing relatively weak economic data, the chief of St. Louis Fed raised questions on Friday about the Fed's plans for two more rate hikes this year, saying the strategy may be too aggressive.

Fri, 19 May 2017 17:00:33 GMT

Police officer and soldiers stabbed in Milan train station

Two army officers and a police officer were stabbed at a train station in central Milan on Thursday evening, according to reports in Italian media.

Fri, 19 May 2017 15:55:46 GMT

Ford to invest $350M in Michigan transmission plant

Ford is to invest $350M in a Michigan transmission plant, protecting or creating 800 production jobs, as it struggles to bolster the profitability of its core automotive business by cutting costs.

Fri, 19 May 2017 15:55:33 GMT

Macron visits French troops in Mali's restive north

The President Emmanuel Macron visited French troops fighting jihadists in conflict-torn Mali on Friday and urged faster progress on a peace accord signed in 2015.

Fri, 19 May 2017 15:01:54 GMT

Ex-congressman Weiner to plead guilty to transferring obscene material to minor

According to media reports, the former US Congressman Anthony Weiner is expected to plead guilty to one count of transferring obscene material to a minor.

Fri, 19 May 2017 15:01:29 GMT

New tool can restore ransomware-infected computers without paying out

A security researcher claims to have created a new tool capable of restoring computers infected by WannaCry ransomware.

Fri, 19 May 2017 14:14:43 GMT

Euro zone consumer sentiment improves in May but less than expected

The European Commising reported that consumer confidence in the Euro zone climbed 0.3 points to -3.3 in May, whereas experts anticipated an increase of 0.6 to -3.0.

Fri, 19 May 2017 14:04:50 GMT

Canadian retail sales rebound in March

Statistics Canada reported on Friday that retail sales jumped 0.7% in March, following the preceding month's drop of 0.4%, while core retail sales rose 0.4% in the same moth, compared to February's fall of 0.1%

Fri, 19 May 2017 13:30:23 GMT

Romania accepts financial assistance for Holocaust survivors

Romanian Parliament approved the law that allows direct financial assistance to the Holocaust survivors in the ex-Nazi country during the World War Two.

Fri, 19 May 2017 13:22:00 GMT

Canadian inflation rises to 0.4% in April

On Friday, Canada reported that its Consumer Prices Index climbed to 0.4% in April from the prior's month 0.2%, but slightly missed expectations for a 0.5% jump.

Fri, 19 May 2017 12:33:23 GMT

Wannacry cyber attack hits Russian banks

According to the Russia's Central Bank statement on Friday, the Wannacry ransomware attack that hit the world compromised some Russian banks' systems, but not affecting them seriously.

Fri, 19 May 2017 12:25:46 GMT

Spanish Podemos files vote of non-confidence against Rajoy

On Friday, Spain's anti-austerity Podemos party filed a vote of non-confidence against the PM Mariano Rajoy amid an alleged slew of corruption scandals hit the leading People's Party in the last few years.

Fri, 19 May 2017 11:34:09 GMT

Macron to meet Mali troops fighting against IS

The French President Emmanuel Macron is eager to make his first trip to Mali on Friday with intention to meet the troops fighting against the Islamist militants.

Fri, 19 May 2017 11:30:33 GMT

German producer prices rise more than expected last month

Destatis reported on Friday that German producer prices jumped 0.4% in April, following the preceding month's 0.0% reading and topping expectations for a 0.2% gain.

Fri, 19 May 2017 10:11:10 GMT

Russia considers latest US strike on Syria that hit civilians unacceptable

On Friday, Russia's Foreign Minister Gennady Gatilov stated that the US military strike against the Syrian militia that hit civilians was totally unacceptable.

Fri, 19 May 2017 10:10:56 GMT

Trump turmoil hits 500 richest people with $35B loss

On Wednesday, at least 500 richest people of the world lost $35B as the global equity markets were hit by the United States' political chaos linked to the President Donald Trump.

Fri, 19 May 2017 09:34:23 GMT

Moscow concerned about US political chaos over Trump-Russia ties

Russia becomes increasingly unhappy to be in the centre of the US political chaos that raises chances the President Donald Trump presumable impeachment.

Fri, 19 May 2017 09:14:06 GMT

Car rams into Time Square crowd leaving one dead

A car rammed into pedestrians at the Time Square in New York, leaving a teenager dead and 23 people hurt, but no signs of terrorist attack were indicated.

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