News

Sun, 23 Apr 2017 07:33:41 GMT

China's Ping An Bank net profit increases in Q1

China's Ping An Bank, a leading Chinese commercial bank, reported net profit of $900M in the first quarter of 2017, up 2.1% from the previous year.

Sun, 23 Apr 2017 07:32:46 GMT

North Korea says ready to sink US Carl Vinson

The Rodong Sinmun, the official newspaper of the North's ruling Workers' Party, said on Sunday that the country was ready to sink the US aircraft carrier Carl Vinson to show military might.

Sun, 23 Apr 2017 06:11:22 GMT

Security tight as voting starts in France

France votes for the a new president with around 50,000 police and 7,000 soldiers deployed across the nation to secure polling.

Sun, 23 Apr 2017 06:10:35 GMT

Venezuela calls for "true and responsible" media coverage of protests

The Venezuelan Foreign Minister Delcy Rodriguez asked for "true and accessible" media coverage of protests in Venezuela, claiming that the country faces a "very aggressive global media campaign".

Sun, 23 Apr 2017 05:31:38 GMT

Moody's: banks in China face profitability pressure

Banks in China face profitability pressure as the country's economic growth is slowing, reports Moody's Investors Service.

Sun, 23 Apr 2017 05:30:32 GMT

Mnuchin: US pursues 3% growth

The Trump administration aims to achieve 3% economic growth, says the US Treasury Secretary Steven Mnuchin.

Sun, 23 Apr 2017 04:23:18 GMT

Saudi Arabia restores military and civil service allowances

Saudi Arabia's King issued a decree restoring allowances for military personnel and civil servants that had been reduced under austerity measures.

Sun, 23 Apr 2017 04:16:31 GMT

Trump visits injured US service members at armed forces hospital

Donald Trump visited US service members placed at Walter Reed Medical Center and awarded the Purple Heart to injured Army Sergeant 1st Class Alvaro Barrientos.

Sun, 23 Apr 2017 03:31:27 GMT

Japan pushes back on US call for currency moves scrunity

Current account imbalances cannot be cured using only exchange-rate adjustments, said the Japan's Finance Minister, after IMF was called for scrutiny of currency exchange moves.

Sun, 23 Apr 2017 03:24:33 GMT

Apple outlines autonomous car testing plan

California regulators released Apple's self-driving car testing plan to Reuters, which provided some clues about its autonomous car technology aspirations.

Sun, 23 Apr 2017 02:35:24 GMT

Saudi currency reserves remain healthy, trade deficit to fall

The Saudi Arabia's currency reserves were strong, accounting for 80% of GDP, and the trade deficit could fall amid a decline in imports, said the Kingdom's central bank governor.

Sun, 23 Apr 2017 02:33:16 GMT

Trump tax reform to produce short-term issues

The Trump's tax reform would not be income-neutral and would raise budget deficits in the short-term, said the US Treasury Secretary Steven Mnuchin.

Sat, 22 Apr 2017 19:57:08 GMT

ECB can only help banks after French vote, Visco says

The ECB can provide cash to banks if presidential vote in France roils markets. However, suppressing a growth in governments' borrowing costs would go beyond the central bank's remit, the ECB policymaker Ignazio Visco said.  

Sat, 22 Apr 2017 19:50:43 GMT

Trade balances cannot be fixed through exchange rate adjusts, Aso says

The Japanese Finance Minister Taro Aso said that trade imbalances could not be fixed through exchange-rate adjustments alone, pushing back against the US calls to enhance the IMF's scrutiny of currency moves.

Sat, 22 Apr 2017 18:59:45 GMT

EU considers legislative measures to take down online hate speech

The EU considers legislative measures to harmonise how social media platforms including Facebook and Twitter fight against hate speech, fake news and incitement to violence. 

Sat, 22 Apr 2017 18:50:56 GMT

Germany's Schaeuble warns against financial regulation rollback

The German Finance Minister Wolfgang Schaeuble warned against fast and uncoordinated rollback of financial regulation, adding that such a step could jeopardise stability.

Sat, 22 Apr 2017 18:06:58 GMT

IMF members pledge to reduce global imbalances

The IMF members pledged to reduce excessive global imbalances, refrain from competitive devaluations, and no longer target exchange rates for competitive purposes. 

Sat, 22 Apr 2017 17:56:46 GMT

IMF members agree on need of free and fair trade

All members of the IMF agree on the need to reach free and fair trade, Agustin Carstens, the chairman of the IMF's steering committee said. The final goal is to benefit from trade, Carstens added.

Sat, 22 Apr 2017 17:00:28 GMT

Germany's intelligence agency spies on Interpol, Europol

The German foreign intelligence agency, the BND, was reported to spy on international police agencies and media organisations, as well as monitored Europol for years. 

Sat, 22 Apr 2017 16:52:22 GMT

US Treasury Secretary urges IMF to improve FX surveillance

The US Treasury Secretary Steven Mnuchin urged the IMF to improve surveillance of members' exchange rates and external imbalances, as huge trade imbalances would undermine free and fair trade. 

Sat, 22 Apr 2017 15:56:26 GMT

ECB ready to prop up French banks

The ECB is ready to provide financial assistance to French banks if needed after the first round of presidential election. However, the central bank does not expect such move will be required, the ECB official Ewald Nowotny said.

Sat, 22 Apr 2017 15:56:06 GMT

Wall Street prepares for busiest earnings week in decade

Wall Street prepares for the busiest earnings week in years, with over 190 members of S&P's 500 index delivering their quarterly scorecards. Thursday will be the busiest day with almost 70 reports due.

Sat, 22 Apr 2017 15:06:22 GMT

Knife-wielding man arrested at Paris' Gare du Nord station

The man was captured after threatening police at Gare du Nord station this afternoon. The scene caused panic before the man was arrested.

Sat, 22 Apr 2017 15:06:11 GMT

Theresa May not to rule out tax rises after election

The British Prime Minister Theresa May has refused to confirm whether the Conservatives would increase taxes after the General Election.

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