News

Mon, 24 Jun 2019 02:34:46 GMT

Chinese overnight rate reaches record low

On the night to Monday, the Chinese volume weighted average benchmark overnight repo rate for banks fell below one percent, which is the lowest level in the last decade.

Mon, 24 Jun 2019 02:28:10 GMT

Indian CB Deputy Governor quits

On Monday, it was announced that Viral Acharya, who is the Deputy Governor of Reserve Bank of India, has resigned six months before schedule.

Sun, 23 Jun 2019 18:51:08 GMT

Trump says he never threatened to demote Fed's Chair

On Sunday, the US President Donald Trump said he never threatened to demote the US Federal Reserve's Chairman Jerome Powell, though he has the power to do so.

Sun, 23 Jun 2019 17:59:55 GMT

US launched retaliatory cyber-attack against Iran

According to a US official and a former US intelligence official with knowledge of the matter, the US Cyber Command (USCC) launched a cyber-attack last week on Iran's weapons systems.

Sun, 23 Jun 2019 17:03:48 GMT

President Xi plans to attend G20 summit

According to the state-run Xinhua news agency report, the Chinese President Xi Jinping is set to attend the G20 summit in Osaka, Japan on June 27-29.

Sun, 23 Jun 2019 15:58:17 GMT

Trump to postpone mass deportation raids

On Saturday, the US President Donald Trump said that he would delay the mass deportation of illegal migrants for two weeks, as he seeks a deal with Democrats.

Sun, 23 Jun 2019 14:50:24 GMT

Johnson reaffirms desire to leave EU by Oct 31

The favourite to be the next UK's Prime Minister Boris Johnson has reaffirmed his desire to exit the European Union with or without an agreement by October 31.

Sun, 23 Jun 2019 13:56:44 GMT

North Korea's Kim receives "personal letter" from Trump

According to the North Korea state news agency KCNA, the North Korean leader Kim Jong Un has received a "personal letter" from the US President Donald Trump.

Sun, 23 Jun 2019 12:56:51 GMT

Palestinian officials reject Kushner's economic plan

Palestinian officials rejected the Middle East economic plan proposed by the White House Senior Adviser Jared Kushner. The plan is set to be presented at an international conference in Bahrain next week.

Sun, 23 Jun 2019 11:59:32 GMT

Kushner unveils $50B fund for Mid-East peace plan

Jared Kushner, the White House Senior Adviser, on Saturday announced a $50B Middle East economy first peace plan that would revive the Palestinian and neighbouring Arab state economies.

Sun, 23 Jun 2019 11:03:55 GMT

Velodyne Lidar hires bankers for an initial public offering

According to the Business Insider report, Velodyne Lidar, the autonomous car technology company, is working with Royal Bank of Canada, Bank of America Merrill Lynch and Citigroup for a potential IPO.

Sun, 23 Jun 2019 09:56:47 GMT

Leaders from Southeast Asian meet on Sunday

On Sunday, leaders from Southeast Asian met for a second day on the ASEAN Summit in Bangkok to discuss regional issues including the South China Sea and the Rohingyas dispute.

Sun, 23 Jun 2019 09:04:42 GMT

FedEx apologises for Huawei phone delivering error

According to the Global Times report, FedEx Corp has apologised for not delivering Huawei Technologies phone to the United States, citing operational error.

Sun, 23 Jun 2019 08:02:17 GMT

US threatens new sanctions on Iran

On Saturday, the US President Donald Trump said he would impose new sanctions on Iran. However, he later dialled back the rhetoric in a move to defuse the growing tensions.

Sun, 23 Jun 2019 07:02:53 GMT

Anti-money laundering watchdog begins crackdown on crypto

According to the global watchdog, Cryptocurrency companies would be subjected to rules to prevent the digital coin abuse such as Ethereum, Bitcoin and Ripple for money laundering.

Sun, 23 Jun 2019 06:03:40 GMT

Daimler to recall about 60k Mercedes diesel cars in Germany

According to the Transportation Ministry, Daimler has ordered the recall of 60,000 Mercedes diesel vehicles in Germany to fix excess emissions.

Sun, 23 Jun 2019 05:05:48 GMT

Merkel urges crackdown on right-wing extremists

The German Chancellor Angela Merkel said on Saturday that the government must rigorously fight far-right extremism after the murder of a prominent politician Walter Luebcke.

Sun, 23 Jun 2019 03:54:52 GMT

UK minister set to visit Iran for talks

According to the Foreign Office, UK's Minister of State for the Middle East Andrew Murrison is set to visit Iran on Sunday to hold constructive talks amid growing tension between Washington and Tehran.

Sun, 23 Jun 2019 02:54:55 GMT

Xi and Kim agree to build ties

On Saturday, the Chinese President Xi Jinping and the North Korean Chairman Kim Jong Un have agreed to build their countries bilateral relationship.

Sun, 23 Jun 2019 02:04:50 GMT

Global airlines avoid parts of Iran-controlled airspace

Some major airlines are redirecting flights to avoid parts of Iran-controlled airspace after the US Federal Aviation Administration barred its civil aircraft carriers from the region until further notice.

Sat, 22 Jun 2019 20:05:33 GMT

Hunt proposes no-deal Brexit

The Foreign Minister of Britain and a candidate for the post of the Prime Minister Jeremy Hunt stated on Saturday that the UK he would exit the EU without a deal if Brussels showed no interest to renegotiate Brexit deal.

Sat, 22 Jun 2019 19:22:23 GMT

Visco calls Italy to respect fiscal targets

The Bank of Italy Governor Ignazio Visco called the government on Saturday to respect its fiscal goals in order to maintain investors' confidence in the country's ability to pay its debt.

Sat, 22 Jun 2019 17:01:45 GMT

Merkel urges crackdown on right-wing extremists

Germany's Chancellor Angela Merkel said on Saturday that the government must rigorously combat far-right extremism following the shooting of Walter Luebcke.

Sat, 22 Jun 2019 16:06:22 GMT

President Xi and Kim agree to strengthen ties

On Saturday, the Chinese President Xi Jinping and the North Korean Chairman Kim Jong Un have agreed to strengthen their countries bilateral relationship.

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