News

Fri, 05 May 2017 03:02:07 GMT

UN Secretary-General encouraged by safe areas agreement for Syria

Antonio Guterres, the UN Secretary-General, is encouraged that an agreement to create safe zones in some areas of war-ravaged Syria was reached, the United Nations said.

Fri, 05 May 2017 02:29:29 GMT

Increasing housing prices in Toronto not sustainable

Growth in home prices in Toronto is forced partly by speculation and is unsustainable, the Bank of Canada Governor Stephen Poloz revealed.

Fri, 05 May 2017 02:19:56 GMT

South Korea, China, Japan pledge to withstand protectionism

South Korea, China, Japan agreed to confront protectionism, taking a stronger position than G20 main economies in opposition to the protectionist policies advocated by the US.

Thu, 04 May 2017 20:34:18 GMT

US House approves tighter North Korea sanctions

The US House of Representatives approved legislation to tighten sanctions concerning North Korea targeting companies that do business with the reclusive state.

Thu, 04 May 2017 20:29:19 GMT

Tusk calls for "moderation" ahead of Brexit talks

Donald Tusk has called for "mutual respect" between Britain and the EU ahead of British elections in June, saying disagreements could make Bexit talks impossible.

Thu, 04 May 2017 19:28:52 GMT

Tesla shares drop as investors worry Model 3 will be too good

Tesla shares have taken a dive, a day after the company posted a wider-than-expected loss, amid concerns that its upcoming Model 3 release is hurting sales of its Model S.

Thu, 04 May 2017 19:28:24 GMT

US House approves Republican health-care overhaul

The US Republicans successfully pushed their prized health-care bill through the House of Representatives on Thursday.

Thu, 04 May 2017 18:31:49 GMT

Tillerson meets Asia's ministers on North Korea

Rex Tillerson, the US Secretary of State, met the Foreign Ministers of Asia to seek their support on North Korea to stop its nuclear and missile tests.

Thu, 04 May 2017 18:29:59 GMT

Oil prices hit 2017 lows

Oil prices dropped on Thursday to their lowest level so far in 2017, with Brent breaking below $50, amid concerns of rising global supply and still high inventories.

Thu, 04 May 2017 16:51:31 GMT

EU chief expects Brexit talks tough if emotions unrestrained

The UK's looming talks with the European Union on leaving the bloc are set to become impossible if emotions remain unchecked, the EU Council President Donald Tusk said.

Thu, 04 May 2017 16:51:10 GMT

US trade deficit falls to $43.7B in March

The US trade deficit slightly declined to $43.7B in March from the preceding month's upwardly revised deficit of $43.8B due to broad decreases in exports and imports.

Thu, 04 May 2017 16:05:05 GMT

ECB policy guidance to evolve as Euro zone growth accelerates

Parts of the ECB policy guidance are likely to change over the time as growth in the Euro zone strengthens, the ECB Chief Economist Peter Praet said.

Thu, 04 May 2017 16:01:16 GMT

France, Spain, Portugal and Italy urge EU to reconsider economic models

France, Spain, Portugal and Italy urged the European Commission to review economic models and set economic growth as top priority when considering the EU countries' budgets.

Thu, 04 May 2017 15:16:52 GMT

EU to ease derivatives regulations in order to boost economy

The European Union proposed to ease its derivatives regulations to save billions of Euros for pension funds, as it aims to boost economy after the UK decided to quit the bloc.

Thu, 04 May 2017 15:11:37 GMT

US factory orders increase less than expected in March

US factory orders rose 0.2% in March, following an upwardly revised 1.2% in February and falling behind expectations of 0.4% increase, the Census Bureau revealed on Thursday.

Thu, 04 May 2017 14:00:12 GMT

US initial jobless claims drop more than expected

The number of Americans filing for unemployment benefits fell to 238K last week, following the prior week's 257K and topping (surpassing) expectations for a decline to 246K.

Thu, 04 May 2017 13:54:22 GMT

Czech PM postpones resignation to devise new cabinet's plan

The Czech Republic Prime Minister Bohuslav Sobotka decided to delay his and the cabinet's resignation amid his intention to devise a new plan for the government.

Thu, 04 May 2017 13:15:50 GMT

Macron accuses rival Le Pen of lies spreading

On Thursday, France's presidential nominee Emmanuel Macron accused his rival candidate Marine Le Pen of spreading fake news about him about having a veiled offshore fund.

Thu, 04 May 2017 12:33:59 GMT

Germany expects more cyber attacks before national election

Germany's local intelligence bureau stated it expected more cyber attacks aimed against the country's authorities and politicians before the election on September 24.

Thu, 04 May 2017 12:26:45 GMT

Google to pay $334M to settle Italy tax controversy

Google agreed to pay $334M to settle a tax controversy with the Italian government to cover the period from 2002 to 2015.

Thu, 04 May 2017 11:19:56 GMT

Nokia to slash nearly 200 job positions in Finland

The network hardware maker Nokia is eager to continue job slashing in Finland and cut down about 200 positions amid company's strong decline in demand in the world network market.

Thu, 04 May 2017 11:19:37 GMT

Global food prices drop 1.8% in April

The UN Food and Agriculture Organisation reported on Thursday that the world prices of food plunged 1.8% to 168 points over the month of April.

Thu, 04 May 2017 09:52:18 GMT

UBS might increase payouts

The UBS Group AG might increase the payouts the company is making to its shareholders, if the legal and regulatory costs of the company decrease in the future.

Thu, 04 May 2017 09:51:39 GMT

Prince Philip of UK steps down

The husband of Queen Elizabeth, Prince Philip, is stepping down from carrying on with his royal duties later this year. The decision comes as no surprise, as the prince is 95 years old.

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