News

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Mon, 19 Nov 2018 18:08:00 GMT

Corbyn says UK's Labour party will not support no-Brexit deal

On Monday, the leader of UK's opposition party Jereme Corbyn said that Labour party would not support a no-Brexit deal.

Mon, 19 Nov 2018 18:06:41 GMT

UK's PM May promises to stick to Brexit deal

On Monday, the UK Prime Minister Theresa May vowed to stand by her draft Brexit deal, as opponents tried to initiate a leadership challenge.

Mon, 19 Nov 2018 17:26:07 GMT

Nearly 4000 people evacuated, as Fuego volcano erupts

On Monday, Guatemala's disaster agency said that more than 4000 people have been evacuated from areas hits by Fuego volcano.

Mon, 19 Nov 2018 17:19:30 GMT

Eurozone's finance ministers discuss debt restructuring

On Monday, the Eurozone Finance Ministers discussed ideas on how to make sovereign debt restructuring more predictable and earlier.

Mon, 19 Nov 2018 15:55:47 GMT

Xiaomi swings to profit in Q3 amid strong sales

China's smartphone maker Xiaomi stated that it came to net profit in the Q3, beating analyst forecasts, driven by strong sales in Europe and India.

Mon, 19 Nov 2018 15:49:30 GMT

Apple slashes production orders for new iPhone models

Apple slashed production orders in recent few weeks for all three models of iPhone, which were launched in September, the WSJ reported, citing sources.

Mon, 19 Nov 2018 15:16:40 GMT

IMF: optimism in South African economic recovery fades

Plans for South African economic recovery plans faced serious constraints with increasing state firms' debt and capital outflows, resulting from a global trade tension, the IMF stated.

Mon, 19 Nov 2018 15:13:36 GMT

India's Central Bank to improve liquidity

The Reserve Bank of India's Board agreed to ease liquidity for the country's financial sector and rise credit to small businesses, two sources familiar with the matter stated.

Mon, 19 Nov 2018 14:12:22 GMT

France's Macron vows to keep Renault-Nissan stabilty

France is set to work to preserve the stability of Renault and the firm's alliance with Nissan, Emmanuel Macron, the country's President stated, after Japan's carmaker took steps to oust Chairman over alleged financial irregularities.

Mon, 19 Nov 2018 13:39:22 GMT

Uber provides services in Abu Dhabi

Uber Technologies resumed to provide its services in Abu Dhabi, the US ride-hailing firm said in the statement, after two years of suspension.

Mon, 19 Nov 2018 13:37:10 GMT

JD.comunder pressure, as big ticket items sales slow

China's e-commerce company JD.com Inc's shares under pressure, after the firm reported the weakest quarterly revenue increase since its IPO in 2014.

Mon, 19 Nov 2018 12:15:43 GMT

Part of LSE moves to Italy

The London Stock Exchange (LSE) stated on Monday that it would transfer its MTS Cash to Italy, the largest European sovereign bond market, in order to mitigate risks arising from Brexit.

Mon, 19 Nov 2018 12:07:21 GMT

Nissan to fire chair Ghosn

In a statement released on Monday, Nissan Motor Co Ltd said it would ask its Chairman Carlos Ghosn to step down amid allegations that he spent corporate money for private needs.

Mon, 19 Nov 2018 11:21:06 GMT

McLaren chief support Brexit deal

The McLaren Automotive chief Mike Flewitt stated on Monday that no-deal Brexit is not an option for businesses while Theresa May's draft agreement at least provides certainty for certain time period.

Mon, 19 Nov 2018 11:17:51 GMT

May calls business to support her Brexit deal

On Monday, the British Prime Minister Theresa May said that she would try to get support from businesses with respect to her deal on the country's exit from the European Union.

Mon, 19 Nov 2018 10:12:20 GMT

Fitch projects fall of real estate prices in China

One of the top credit rating agencies Fitch stated on Monday that next year might be marked by plunge of prices on real estate in small Chinese cities amid a gradual slowdown of the country's economy.

Mon, 19 Nov 2018 10:08:53 GMT

Scholz wants to see results on banking union

On Monday the Finance Minister of Germany Olaf Scholz stated that he wanted to achieve particular results on the EU banking union next month.

Mon, 19 Nov 2018 07:47:13 GMT

German Minister Altmaier says no renegotiation of Brexit deal

On Monday, Peter Altmaier, the German Economic Minister, said that there would be no renegotiation of the Bexit deal reached last week between Britain and the European Union.

Mon, 19 Nov 2018 07:46:16 GMT

Russia and Vietnam plan to triple bilateral trade by 2020

On Monday, Russia and Vietnam have agreed to triple bilateral trade to $10 billion by the year 2020.

Mon, 19 Nov 2018 06:09:19 GMT

Kuroda calls to pay attention to regional banks' profits

The Bank of Japan Governor Haruhiko Kuroda on Monday warned of risks of decline of regional banks' profits, saying this tendency could destabilize the financial system.

Mon, 19 Nov 2018 06:04:38 GMT

ECB policy to keep monetary stimulus

The ECB official Francois Villeroy de Galhau stated on Monday that the Bank's policy would remain easy also after it finishes net asset purchases next month.

Sun, 18 Nov 2018 21:25:32 GMT

Alphabet's Verily puts glucose-detecting lens project on hold

Alphabet's life sciences unit Verily announced a halt of its old and highest-profile project, which helps monitor glucose levels by smart contact lens, citing insufficient consistency of the project.

Sun, 18 Nov 2018 21:20:28 GMT

Former Peru President Garcia seeks asylum in Uruguay

The ex-President of Peru Alan Garcia applied for an asylum in Uruguay, a few hours after he had been prohibited to leave the country while the corruption investigation lasts, the Peruvian Foreign Ministry reported on Sunday.

Sun, 18 Nov 2018 20:38:32 GMT

Florida's Republican Scott gets seat in US Senate on Sunday

On Sunday, the outgoing governor of Florida and the Republican Rick Scott has won a seat in the US Senate race after the ballot recounts in the tough contest against the Democrat Bill Nelson.

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