News

Note: This section contains information in English only.
Fri, 21 Dec 2018 18:17:27 GMT

Republican senators meet with Trump to thrash out border wall funding

On Friday, the US President Donald Trump met with Republican senators to discuss plans on how to fund his border wall.

Fri, 21 Dec 2018 18:16:41 GMT

European shares close flat on Friday

European shares managed to regain some of its lost points after comments from a Senior US policymaker eased concerns about rising borrowing costs.

Fri, 21 Dec 2018 17:24:33 GMT

Canadian economy reveals momentum in October

The Canadian economy expanded at a stronger-than-expected pace in October, though evidence of expansion heading into the 2018 end is unlikely to be enough to shift the BoC from the sidelines amid the recent drop in oil prices.

Fri, 21 Dec 2018 17:21:57 GMT

Nike shares grow on solid quarterly results

Nike shares rose 9% after the company's strong quarterly report eased worries over escalating trade tensions, which would weigh on China's demand.

Fri, 21 Dec 2018 16:31:50 GMT

US growth trimmed in Q3

The US economy slowed more than anticipated in the Q3, while momentum appeared to have moderated further in the Q4, with shipments of capital goods and new orders declining in November.

Fri, 21 Dec 2018 16:29:25 GMT

EU prolongs sanctions against Russia

The EU formally agreed to prolong economic sanctions against Russia until July 2019, the European Council said.

Fri, 21 Dec 2018 14:47:54 GMT

Kaufland drops Unilever products

The German food retailer Kaufland has stopped selling Unilever products due to a price increase made by the producer.

Fri, 21 Dec 2018 14:47:45 GMT

Amazon's Alexa AI experiment failure is revealed

It was revealed on Friday that the Amazon's Echo speaker's experiment with an AI has failed, as the AI discussed defecation, sex and suggested murder. In addition, a data leak traced to China may have exposed private data.

Fri, 21 Dec 2018 13:45:24 GMT

China will increase economic stimulus

Chinese officials on Friday revealed that China will increase support for the local economy by decreasing taxes and participating in the financial markets.

Fri, 21 Dec 2018 13:17:02 GMT

Stock markets continue to decline

On Friday, stock market indices globally continued to decline. Various financial media blamed various reasons for the decline of stock prices. The reasons ranged from rate hike worries to a US government shutdown.

Fri, 21 Dec 2018 13:12:47 GMT

Online clothing retailers search for size solutions

It has been revealed by various online clothing retailers that at least a third of bought clothing do not fit the consumer. Due to that reason a group of retailers has combined resources to create a new size system.

Fri, 21 Dec 2018 13:12:25 GMT

China National Petroleum Company might drop ties with Iran

Due to concerns over US sanctions on Iran the Chinese National Petroleum Corporation might cease its banking unit's operations with Iran.

Fri, 21 Dec 2018 10:20:45 GMT

Foxconn and Sharp to build chip factory in China

According to report published by the Nikkei business daily, Taiwan's Foxconn and Japanese Sharp Corp are close to reach a deal on joint construction of chip factory in China's Guangdong.

Fri, 21 Dec 2018 10:09:41 GMT

SoftBank Group close to conclude deal with Grab

According to sources familiar with the matter, SoftBank Group Corp is almost ready to conclude a deal, which presupposes $1.5B investment into South Eastern Asia's Grab.

Fri, 21 Dec 2018 09:03:09 GMT

Japan's Okamoto believes low long-term rates negatively affect banks

Shigeaki Okamoto, one of the senior officials from Japan's Finance Ministry, stated on Friday that current monetary policy presupposed low long-term interest rates, which negatively affected earnings of various banks.

Fri, 21 Dec 2018 08:55:32 GMT

Roskomnadzor to check BBC activity

The Russia's media regulator Roskomnadzor stated on Friday morning it would conduct checks to establish whether BBC channel and corresponding websites operate in line with the state law.

Fri, 21 Dec 2018 06:13:33 GMT

Joseph Otting to lead FHFA

According to the White House, the US President Donald Trump will appoint currency comptroller Joseph Otting as acting director of the Federal Housing Finance Agency (FHFA).

Fri, 21 Dec 2018 06:09:48 GMT

China denies US accusations

The Foreign Ministry of China on Friday categorically denied accusations of economic espionage made by the United States and its allies.

Fri, 21 Dec 2018 05:24:49 GMT

Tencent Holdings shares up 4.2%

On Friday morning, the value of Tencent Holdings Ltd's stock surged by 4.2%, as Chinese regulatory official said that a number of new games were granted approval for sale.

Fri, 21 Dec 2018 05:21:20 GMT

Mexican lawmakers approves budget's income section

On Thursday evening, the upper chamber of Mexican Parliament supported the income section of the country's President Andres Obrador's next year draft budget.

Fri, 21 Dec 2018 04:00:01 GMT

World Bank trims forecast of Philippines' GDP growth for 2018, 2019

The World Bank stated it slightly trimmed the Philippines' GDP growth expectations to 6.4% this year and 6.5% next year, as persistently high inflation erodes consumer spending.

Fri, 21 Dec 2018 03:53:31 GMT

China's, Ukraine's to upgrade power unit at Ukrainian thermal plant

China's company DEIC and Ukraine's company Donbasenergo signed a deal over the joint reconstruction of Sloviansk TPP's power unit in eastern Ukraine.

Fri, 21 Dec 2018 03:35:56 GMT

Japan's slowing inflation piles pressure on Central Bank

The Japanese yearly core consumer inflation growth weakened in November, reinforcing expectations that the BoJ is likely to hold off over whittling down its stimulus for a lingering period, as prices were still distant from the target.

Fri, 21 Dec 2018 03:30:42 GMT

Japan Cabinet approves $900B budget

The Cabinet of the Japanese Prime Minister Shinzo Abe approved a record $900B draft budget for the following fiscal year, boosted by spending to offset the anticipated sales tax hike impact.

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