News

Sun, 18 Aug 2019 16:08:07 GMT

US stocks end lower amid investors' fears

Last week the majority of the US stocks ended lower amid growing fears of the upcoming recession as well as mixed economic data.

Sun, 18 Aug 2019 15:06:05 GMT

CBOT's futures price drop amid poor performance

Last week the price of most crop futures traded on the Chicago Board of Trade (CBOT) dropped amid high stockpiles and weak export results.

Sun, 18 Aug 2019 14:10:14 GMT

Xinyuan's stock price up 4%

On Friday, the stock price of Chinese estate developer Xinyuan has increased by 4% amid report of $19.8M net income in Q2.

Sun, 18 Aug 2019 13:03:14 GMT

Trump's tariffs raises costs of local producers

According to a report published by the Federal Reserve Bank of New York, the increase in tariffs by the White house has resulted in higher costs for local manufacturers and service companies.

Sun, 18 Aug 2019 12:14:03 GMT

Argentine Finance Minister Dujovne resigns

Nicolas Dujovne, the Finance Minister of Argentina, has resigned on Saturday amid disagreement with the country's President over economic recovery measures.

Sun, 18 Aug 2019 11:23:10 GMT

China calls France to protect multilateralism

The Chinese Ambassador to France Lu Shaye stated on Sunday that China and France should join forces to maintain multilateralism and improve global governance.

Sun, 18 Aug 2019 10:15:12 GMT

Gibraltar slams leaked Brexit documents

Fabian Picardo, the Chief Minister of Gibraltar, stated on Sunday that leaked documents about Gibraltar's inability to handle no-deal Brexit were incorrect and obsolete.

Sun, 18 Aug 2019 09:28:20 GMT

Iran objects US, UK presence in Gulf

Alireza Tangsiri, the Iranian Revolutionary Guards Navy chief, stated on Sunday that the presence of the US and UK forces in the Gulf region created instability.

Sun, 18 Aug 2019 08:18:04 GMT

Johnson says Parliament cannot stop Brexit

The British Prime Minister Boris Johnson is expected to assure his German and French colleagues that the Parliament has no power to stop Brexit.

Sun, 18 Aug 2019 06:40:07 GMT

Ferrari announces expansion

On Sunday, the premium sports car producer Ferrari announced that it will expand into making easy driven grand touring autos.

Sun, 18 Aug 2019 06:35:59 GMT

Saudi Minister comments on Houthi attack

On Saturday, the Saudi Energy Minister Khalid al-Falih announced that the attack made by rebels on Saudi oil fields was made by in an effort to disrupt oil production.

Sun, 18 Aug 2019 05:36:10 GMT

Telegraph releases Johnson message to EU

On Saturday, the Telegraph announced that the PM of the United Kingdom Boris Johnson will announce in his visit to the EU that the UK Parliament will not stop Brexit.

Sun, 18 Aug 2019 04:30:49 GMT

US and Canada discuss China

On Saturday, the US President and the PM of Canada discussed the wrongful detention of Canadian citizens by China.

Sun, 18 Aug 2019 03:13:58 GMT

Trump holds talks with Trudeau

On Saturday, it was announced that the President of the United States Donald Trump has held talks with the Prime Minister of Canada Justin Trudeau.

Sat, 17 Aug 2019 18:31:08 GMT

Houthi attack disrupts oil supply

On Saturday, a Houthi drone attack on Saudi oil fields caused disruptions in supply. The event is bound to increase crude oil prices.

Sat, 17 Aug 2019 18:01:02 GMT

Standard Chartered faces fines

On Saturday, Sky News reported that Standard Chartered is set to be fined for failing to prevent breaches of sanctions in its banking operations.

Sat, 17 Aug 2019 15:50:43 GMT

China reveals rate reform

On Saturday, the Chinese central bank announced a new interest rate reform that is intended to help reduce borrowing costs.

Sat, 17 Aug 2019 15:44:34 GMT

Apollo Global attempted to buy Tegna

On Friday, the Wall Street Journal reported that the equity firm Apollo Global Management made an attempt to buy the TV operator Tegna.

Sat, 17 Aug 2019 14:52:04 GMT

Mexico cuts interest rates

The Bank of Mexico on Friday did a surprise base interest rate cut by 25 base points, which put the country's base interest rate at 8.0%.

Sat, 17 Aug 2019 14:44:57 GMT

SEC fines Cantor and BMO Capital Markets

On Friday, the US Securities and Exchange Commission fined BMO Capital Markets and Cantor Fitzgerald & Co for improper handling of American Depositary Receipts.

Sat, 17 Aug 2019 13:40:31 GMT

Trump holds conference call with bank CEOs

A Reuters source revealed to the news agency on Friday that the US President Donald Trump has hosted a conference call with the CEOs of JPMorgan, Bank of America and Citigroup.

Sat, 17 Aug 2019 12:45:38 GMT

Amazon defeats IRS appeal

On Friday, Amazon.com won an appeal made by the Internal Revenue Service of the United States. The company won a $1.5 billion worth dispute over the use of a Luxembourg subsidiary for tax optimization.

Sat, 17 Aug 2019 12:27:50 GMT

Crude oil prices surge

Crude oil price ended the week's trading by surging higher. The move was attributes to a decline of the US Dollar.

Sat, 17 Aug 2019 11:31:37 GMT

Fed's Mester wants rate to remain steady

The President of Cleveland Federal Reserve Loretta Mester announced to Reuters that she would most likely want to keep US interest rates steady.

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