News

Sun, 16 Jun 2019 05:20:51 GMT

China starts investigation of FedEx

The Chinese government has started an investigation of FedEx after the delivery company failed to deliver express packages to designated addresses in China.

Sun, 16 Jun 2019 04:22:17 GMT

China fiscal revenue increases

China's fiscal revenue increased 3.8% to $1.3T in the first five months of the current year, compared to the same period in 2018, the Ministry of Finance reports.

Sun, 16 Jun 2019 02:57:52 GMT

Iran summons UK's ambassador to Tehran

According to the Students News Agency report, Iran has summoned the UK ambassador to Tehran over the oil tanker attack accusations.

Sun, 16 Jun 2019 01:57:56 GMT

Saudi calls for swift action to secure Gulf energy supplies

On Saturday, the Saudi Arabian Energy Minister Khalid al-Falih called for quick action to protect crude oil supplies amid the US-Iran face off.

Sat, 15 Jun 2019 20:02:01 GMT

UK SME receive £6.7B investment in 2018

British small and medium enterprises have received a record £6.7B equity investment the previous year, a data published by the British Business Bank, a government's development bank, shows.

Sat, 15 Jun 2019 19:00:59 GMT

China provides liquidity to small banks

The People's Bank of China has provided $29B to small and medium sized banks to keep their liquidity sufficient, a statement published by the central bank shows.

Sat, 15 Jun 2019 18:00:53 GMT

India market regulator tightens rules for credit rating agencies

The Securities and Exchange Board of India, a national market regulator, has decided to tighten regulations for credit rating agencies, a circular published by the regulator shows.

Sat, 15 Jun 2019 17:11:29 GMT

Russian central bank cuts key rate, GDP growth forecast

The Bank of Russia lowered its key refinancing rate by 0.25% to 7.5% and cut its economic growth forecast to 1%-1.5% for 2019, a statement published by the central bank shows.

Sat, 15 Jun 2019 16:04:08 GMT

World Bank grants $518M loan to Pakistan

The World Bank has provided a $518M loan to Pakistan to simplify the tax regime and strengthen tax and customs administration, a press release issued by the World Bank shows.

Sat, 15 Jun 2019 14:55:05 GMT

China consumption growth accelerates

The Chinese retail sales increased 8.6% in May after a 7.2% increase in April and reached $2.33T for the first five months of 2019, the National Bureau of Statistics reports.

Sat, 15 Jun 2019 14:03:52 GMT

China, Belarus to strengthen Belt and Road cooperation

The Chinese President Xi Jinping and his Belarusian counterpart Alexander Lukashenko agreed to strengthen cooperation under the Belt and Road Initiative framework during a meeting in Bishkek, Kyrgyzstan.

Sat, 15 Jun 2019 13:16:36 GMT

US business inventories rise

The US business inventories reached $2.03T in April, a slight increase from the previous month and a 5.3% increase from the same period the prior year, the US Department of Commerce reports.

Sat, 15 Jun 2019 12:12:59 GMT

Lebanon, Belgium to improve economic cooperation

The Belgian Ambassador to Lebanon Hubert Cooreman promised to improve economic cooperation with Lebanon at a meeting with the Director of Lebanon's Chamber of Commerce Mohammad Saleh.

Sat, 15 Jun 2019 11:22:02 GMT

Moody's: Turkey's rating down to B1

Moody's downgraded Turkey's sovereign credit rating into "junk" territory to B1 from Ba3, adding that the risk of the crisis of balance of payments kept rising, and with it the government default's risk.

Sat, 15 Jun 2019 10:20:41 GMT

Chinese mobile phone shipments up 1.2%

Chinese mobile phone shipments revealed 1.2% growth year-over-year to 38.29M units in May, the CAICT stated, with total shipments during the period of January to May reached 152M units, down 4.8% from the same period in 2018.

Sat, 15 Jun 2019 08:55:39 GMT

EU blocks Tata Steel, Thyssenkrupp joint venture

Plans to set up a landmark joint venture between Tata Steel and Thyssenkrupp were rejected by EU regulators amid concerns that the deal is likely to reduce competition and push up prices.

Sat, 15 Jun 2019 07:52:40 GMT

Bumble to spend $100M over dating apps

The owner of dating application Bumble stated that it would revamp the holding structure and spend $100M, looking to better compete with rival Match Group's Tinder.

Sat, 15 Jun 2019 07:32:28 GMT

Saudis see oil market in balance ahead of 2020

Khalid al-Falih, the Energy Minister of Saudi Arabia, stated that he hopes that oil producers are likely to be able to balance the oil market ahead of the next year.

Sat, 15 Jun 2019 06:16:26 GMT

US to trigger public hearings over extra China tariffs

On Monday, the US Trade Representative's Office is set to launch a week of testimony from US manufacturers, retailers and other businesses over the President Donald Trump's intention to impose additional tariffs on $300B worth of Chinese goods.

Sat, 15 Jun 2019 05:16:51 GMT

Mexico to ask G20 to take note of migrant crisis

Marcelo Ebrard, the Mexican Foreign Minister, is planning to ask the G20 summit's member nations to pay attention to the rising number of migrants fleeing to Central America via Mexico.

Sat, 15 Jun 2019 03:51:09 GMT

US DoJ to rule on Sprint-T-Mobile merger next week

The US Justice Department will announce its final decision on the $26.5B merger between the wireless carrier Sprint Corp and T-Mobile USA as soon as next week, according to sources familiar with the deal.

Sat, 15 Jun 2019 02:27:18 GMT

Allianz finalises 30 Hudson Yards' stake acquisition

On Friday, Allianz announced it had finalised its acquisition of the 49% stake in New York's 30 Hudson Yards in a deal valued at $384M and a debt worth an undisclosed amount, expanding its footprint in the city's second-tallest office tower.

Fri, 14 Jun 2019 20:35:47 GMT

Mexico ready to respond of tariffs increase

The Economy Minister of Mexico Graciela Marquez stated on Friday that the government would give a tough response if the US decided to increase tariffs on Mexican goods.

Fri, 14 Jun 2019 19:15:05 GMT

Dish executives meet with DoJ and FCC

On Friday, executives of Dish Network Cor met with the US Department of Justice's (DoJ) head of antitrust Makan Delrahim and the Federal Communications Commission (FCC) chair Ajit Pai to discuss Sprint Corp and T-Mobile USA possible merger.

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