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Italian oil major firm to invest $3.5B in Egypt next year
Wed, 02 Aug 2017 02:12:20 GMT
 
Italian oil giant Eni revealed that the company intends to invest $3.5B in development of the largest gas field in Egypt in the next year, referring to the country as >>
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Ukraine raises defence spending in this year's budget
Wed, 02 Aug 2017 02:10:21 GMT
 
Ukrainian President signed the law, which amends the country's 2017 state budget and envisaged the boost of defence spending by around $100M. >>
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US Tillerson says US-Russia relations are under substantial stress
Tue, 01 Aug 2017 20:08:08 GMT
 
The US Secretary of State Rex Tillerson said on Tuesday that relations between Russia and the US were under substantial stress but both countries were still trying to work together. >>
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GM annual car sales rate falls to 16.9M in July
Tue, 01 Aug 2017 20:07:20 GMT
 
General Motors reported on Tuesday that its seasonally adjusted annual car sales rate dropped to 16.9M vehicles last month. >>
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Dow Jones approaches 22,000 mark
Tue, 01 Aug 2017 19:11:03 GMT
 
On Tuesday, the Dow Jones Industrial Average Index hit its record high and inched closer to the 22,000-point mark, supported by JPMorgan Chase, Goldman Sachs and other banks. >>
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GDT Price Index falls 1.6%
Tue, 01 Aug 2017 19:05:38 GMT
 
Dairy product prices dropped 1.6% at the latest Global Dairy Trade auction, following an increase of 0.2%. >>
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GM reports 22% higher sales in Canada last month
Tue, 01 Aug 2017 17:58:08 GMT
 
General Motors revealed that the company's sales in Canada increased 22% year-over-year in July, while the amount of cars sold in the US dropped 15% in the same period. >>
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Sony profit increase amid strong image sensors sales
Tue, 01 Aug 2017 17:55:08 GMT
 
Sony reported that its operating profit surged to $1.43B in the fiscal June quarter due to higher sales of sensors used for cameras in smartphones. >>
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Germany to test facial recognition technology at railway station
Tue, 01 Aug 2017 16:54:26 GMT
 
Germany's authorities launched a six-month long test of facial recognition technology placed at a rail station in Berlin, before it could be used to enhance security in the future. >>
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Sri Lanka invites more investors from China
Tue, 01 Aug 2017 16:53:40 GMT
 
Sri Lanka called on more China's investors to put money into the country, pointing out that China alone invested more than $52M in the year of 2016. >>
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23 EU cities compete to host UK-based agencies
Tue, 01 Aug 2017 16:19:35 GMT
 
The European Union revealed that 23 cities compete to host the bloc's banking and medicine agencies, which are currently based in the UK, but must be relocated before Brexit. >>
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US manufacturing expands at slower pace in July
Tue, 01 Aug 2017 16:18:38 GMT
 
Manufacturing sector in the United States expanded at a slower-than-expected pace in July, as the factory activity index dropped to 56.3, missing forecasts for a 56.5 reading. >>
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US consumer spending rises 0.1% in June
Tue, 01 Aug 2017 15:20:06 GMT
 
The US consumer spending, which represents two-thirds of the country's economic activity, increased 0.1% in June, following an upwardly revised gain of 0.2% in May. >>
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Economic growth in Euro zone picks up speed in Q2
Tue, 01 Aug 2017 15:17:57 GMT
 
The economy in the 19-country bloc expanded 0.6% in the second quarter, compared with the 0.5% growth pace in Q1, the official report showed. >>
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Bulgaria, Macedonia sign pact to mend relations
Tue, 01 Aug 2017 14:32:38 GMT
 
On Tuesday, the Prime Ministers of Bulgaria and Macedonia Boyko Borissov and Zoran Zoev signed a treaty of friendship that symbolises the end of diplomatic wrangling between the two countries. >>
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