News

Note: This section contains information in English only.
Fri, 19 Oct 2018 08:17:05 GMT

EU's Barnier: Brexit deal is 90% finished

On Friday, chief EU Brexit negotiator Michel Barnier claimed that an agreement between the EU and the UK is 90% finished, however, there is a chance that a deal could be postponed because of the disagreements regarding Irish border.

Fri, 19 Oct 2018 08:12:36 GMT

Germany's Merkel: Asia and Europe are open to free trade

On Friday, German Chancellor Angela Merkel claimed Asia-Europe summit confirms that both Asia and Europe support the multilateralism and the idea of a free trade. 

Fri, 19 Oct 2018 07:24:00 GMT

Oil prices recover amid reports on China's demand

Crude oil prices increased by 26 cents or 0.4%, thus reaching $68.91 a barrel, amid reports about rising demand in China whose oil refinery throughput surged to a record 12.49M bpd in September.

Fri, 19 Oct 2018 07:18:08 GMT

Kuroda once again warns against protectionism

On Friday, the Bank of Japan Governor Haruhiko Kuroda once again reminded of the risks of protectionism and unstable financial markets, yet projected continuation of the country's steady economic growth.

Fri, 19 Oct 2018 06:25:10 GMT

Argentina's Macri rating drops

According to poll conducted by Management & Fit, 60% of Argentines expect worsening of economic conditions, as the country's President Mauricio Macri tries to propel the IMF austerity program.

Fri, 19 Oct 2018 06:19:32 GMT

China says soybean price fluctuations are unlikely

The China's Agriculture Ministry official Tang Ke stated on Friday that because of government subsidies the country's soybean acreage has increased, thus leading to ample domestic supplies and, as a result, price stabilization.

Fri, 19 Oct 2018 05:34:35 GMT

China regrets about US withdrawal from UN UPU

The Foreign Ministry Spokesman Lu Kang stated on Friday that China did not support withdrawal of the United States from the United Nations Universal Postal Union (UPU) treaty.

Fri, 19 Oct 2018 05:29:01 GMT

China to permit direct investments of bank wealth-management funds into shares

The China Banking and Insurance Regulatory Commission stated on Friday it would allow to transfer bank wealth-management funds directly into stocks.

Fri, 19 Oct 2018 04:29:33 GMT

China coal mining sets new record

According to government data, Chinese coal production increased by 3.2% or 9.41M tonnes in September, thus reaching its highest level in nine months.

Fri, 19 Oct 2018 04:24:05 GMT

Koreans to order more Boeing jets

The President of Korean Air Lines Walter Cho stated on Friday that the company most probably would acquire more Boeing 787 jets in order to upgrade its fleet and in this way in long term to reduce costs.

Thu, 18 Oct 2018 20:16:40 GMT

Goldman Sachs: executives not to attend conference in Saudis

Goldman Sachs Group is set not to send any of the company's executives to a Saudi investment conference in the following week, David Solomon, the Chief Executive Officer, stated.

Thu, 18 Oct 2018 20:13:33 GMT

EU, Norway ask WTO to set up panel over US aluminium, steel tariffs

The European Union, Norway and several other countries asked the WTO to assign a dispute settlement panel to address the US tariffs on aluminium and steel.

Thu, 18 Oct 2018 19:34:26 GMT

Porsche set to repeat record car sales in 2018

Oliver Blume, the CEO of Volkswagen's Porsche brand, stated that it does not need a listing to finance expansion, adding that he is confident the 911 sports car maker is likely to repeat 2017 record sales this year.

Thu, 18 Oct 2018 19:31:07 GMT

US jobless claims data raises labour market prospect

New applications for the US unemployment benefits fell last week, while the number of Americans on unemployment rolls dropped back to the level seen in 1973, indicating further tightening in labour market conditions.

Thu, 18 Oct 2018 18:00:32 GMT

VW suggests buyer incentive to scrap older diesels in Germany

Volkswagen stated that it set to offer trade-in incentives and bonuses for scrapping older German diesel vehicles in a bid to stave off the driving ban in polluted cities.

Thu, 18 Oct 2018 17:58:15 GMT

US probes 54K Ford trucks amid tailgate complaints

The US NHTSA stated that it opened an investigation into more than 54K Ford Motor pickup trucks after five complaints about tailgates issue were received.

Thu, 18 Oct 2018 17:39:16 GMT

EU's Moscovici: no decision so far on Italy's budget

On Thursday, the Economic Affairs Commissioner of the EU Pierre Moscovici claimed that no decision has been taken so far regarding the budget deficit of Italy and that a dialogue between Italy and the EU needs to be calm and constructive.

Thu, 18 Oct 2018 17:36:21 GMT

Trump threatens to close border with Mexico because of migrants

On Thursday, the US President Donald Trump claimed that he is considering to send military and close the southern border of the US because of the increasing amount of immigrants from Honduras and El Salvador.

Thu, 18 Oct 2018 16:35:29 GMT

Spain agrees with UK on Gibraltar status after Brexit

On Thursday, the Prime Minister of Spain Pedro Sanchez claimed that the UK and Spain have agreed on the Brexit status of Gibraltar which will leave the EU with the UK on March 29 2019.

Thu, 18 Oct 2018 16:27:24 GMT

Dorsey's Square introduces payment terminal for small business

Square, a company headed by the Chief Executive of Twitter Inc Jack Dorsey, has launched its own payment terminals for small-sized businesses.

Thu, 18 Oct 2018 15:36:15 GMT

US Senator urges Fed to change Wells Fargo CEO

On Thursday, the US Senator Elizabeth Warren claimed that the Fed needs to limit the growth of Wells Fargo until it replaces its Chief Executive Tim Sloan.

Thu, 18 Oct 2018 15:20:06 GMT

Germany's Merkel: Brexit agreement is achievable

On Thursday, German's Chancellor Angela Merkel claimed during the summit of the EU leaders that not much time is left for a Brexit agreement but the deal is still achievable. 

Thu, 18 Oct 2018 14:09:45 GMT

Deutsche Bank appoints Hoops as new transaction banking chief

Deutsche Bank has appointed Stefan Hoops as a new head of the Global Transaction Banking business unit to replace his predecessor John Gibbons, the bank announced on Thursday.

Thu, 18 Oct 2018 14:08:37 GMT

Acadia Healthcare raises PE interest in acquisition

Acadia Healthcare, the American operator of the behavioural health centres, has entered talks with the private equity companies over selling itself after raising a buyout interest.

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