News

Thu, 21 Feb 2019 12:54:55 GMT

China sees rate cuts as last resort

On Thursday, a Reuters source revealed that the Chinese central bank sees the bank's benchmark interest rate cut as a last resort to stimulate the economy. Other tools are expected to be used for stimulus.

Thu, 21 Feb 2019 11:58:14 GMT

Danske Bank money laundering scandal deepened

Danske Bank said on Thursday that it got a request from the United States Securities and Exchange Commission over its involvements in the money laundering scandal.

Thu, 21 Feb 2019 11:58:03 GMT

Hammond says UK's Parliament may vote on Brexit deal next week

On Thursday, the British Finance Minister Philip Hammond said that UK's lawmakers could vote on Brexit agreement next week.

Thu, 21 Feb 2019 10:57:18 GMT

European shares decline on Thursday

On Thursday, European shares edged lower after data pointed that Eurozone factory output decline in January and worst-than-expected earnings reports.

Thu, 21 Feb 2019 10:57:06 GMT

Swedbank's shares slid more than 7% on Thursday

On Thursday, Swedbank's shares declined by about 7%, as investors worried about the lingering money laundering scandal.

Thu, 21 Feb 2019 10:16:59 GMT

Hammond says talk of warship deployment complicates China ties

On Thursday, the British Finance Minister Philip Hammond said that UK's talk of warship deployment to the Pacific has complicated ties with China.

Thu, 21 Feb 2019 10:14:49 GMT

Russian prosecutors charge US investor Calvey

On Thursday, Dmitry Kletochkin, the personal attorney of Michael Calvey, said that the Russian prosecutors have formally charged the US investor with fraud.

Thu, 21 Feb 2019 09:21:36 GMT

Vote on Brexit deal might happen next week

The British Chancellor of the Exchequer Philip Hammond stated on Thursday that the Parliament might vote on the altered Brexit deal already next week.

Thu, 21 Feb 2019 09:13:08 GMT

Saudi Aramco to sign investment deals with China

According to sources familiar with the matter, Saudi Aramco ready to sign preliminary investment deals regarding petrochemical and two oil refining complexes in China.

Thu, 21 Feb 2019 08:10:02 GMT

Italy's budget does not presuppose growth

According to a report published by the La Repubblica newspaper, the current Italy's budget lacks of measures that could stimulate economic growth, thus making the country dangerous for the rest of the Euro Zone.

Thu, 21 Feb 2019 08:05:22 GMT

China's customs checks coal imports

The Foreign Ministry of China Spokesman Geng Shuang stated on Thursday that the country's customs started checking coal imports for risks including impact on the environment.

Thu, 21 Feb 2019 07:15:16 GMT

Turkey criticizes EU Parliament's vote

On Wednesday, the European Parliament Foreign Affairs Committee voted for the postponement of talks over Turkey's accession to the EU, which Ankara called "unacceptable".

Thu, 21 Feb 2019 07:09:15 GMT

NASA warns of security and design concerns

On Wednesday, NASA's safety advisory panel presented an annual report where it listed four most important safety and design concerns addressed to Boeing Co and SpaceX.

Thu, 21 Feb 2019 06:01:24 GMT

StanChart sets aside $900M to cover UK, US fines

Standard Chartered set aside $900M to cover fines resulting from regulators' investigations in the United States and Britain, sending the company's shares down 1%.

Thu, 21 Feb 2019 06:01:13 GMT

Odebrecht to propose bondholder 70% losses

Brazil's conglomerate Odebrecht is set to ask bondholders to accept more than 70 % losses from their bonds' face value within a part of restructuring, two sources familiar with the matter stated.

Thu, 21 Feb 2019 05:28:30 GMT

Japan manufacturing declines amid trade war

Japan's manufacturing activity shrunk in the month of February for the first time since 2016, as factories cut back production due to shrinking export and domestic orders, a private business survey revealed.

Thu, 21 Feb 2019 05:25:18 GMT

US health spending to increase 5.5% yearly

The US health spending is set to grow at 5.5% rate every year over the decade and is likely to reach $6 trillion by 2027, a government health agency stated.

Thu, 21 Feb 2019 03:37:22 GMT

Ecuador signs $4.2B financing deal with IMF

Ecuador reached a staff-level financing deal worth $4.2B with the International Monetary Fund, as the country grappled with a heavy fiscal deficit and external debt.

Thu, 21 Feb 2019 03:34:46 GMT

SK Hynix to build four new semiconductor fabs

South Korea's SK Hynix announced plans to invest $106.66B to build four semiconductor fabs after three years in the country, the second-biggest memory chipmaker stated.

Wed, 20 Feb 2019 21:01:17 GMT

Saudi Arabia to release 850 Indians from its prisons

On Wednesday, India's Foreign Ministry said that Saudi Arabia would release about 850 Indians from its jails after Narendra Modi, the Indian Prime Minister made the request.

Wed, 20 Feb 2019 21:01:07 GMT

UK's Ministers may vote against Britain leaving EU on March 29

According to a Bloomberg report, up to 15 British government Ministers could vote to stop the UK from leaving the EU on March 29 in case of no Brexit agreement.

Wed, 20 Feb 2019 20:00:50 GMT

US President Trump expects to visit Japan in May

On Wednesday, a White House official said that the US President Donald Trump would visit Japan in May for a meeting with the country's new Emperor.

Wed, 20 Feb 2019 20:00:36 GMT

Investors await US Federal Reserve's minutes

US stocks traded sideways on Wednesday, as investors and traders awaited the US Federal Reserve January's minutes.

Wed, 20 Feb 2019 19:04:49 GMT

US says Putin nuclear comments is propaganda

On Wednesday, the United States dismissed the Russian President Vladimir Putin nuclear comments, calling it a Russia propaganda.

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