News

Note: This section contains information in English only.
Mon, 03 Sep 2018 17:32:48 GMT

Turkish inflation at 18% in August

Turkey's annual consumer inflation reached 17.9% in August, up from the reading of 15.9% in July, putting pressure on the country's Central Bank to increase the interest rate next week.

Mon, 03 Sep 2018 17:24:11 GMT

SocGen anticipates US sanctions penalties to be nearly €1.2B

France's bank Societe Generale anticipated penalties related to the dispute with the US authorities on international sanctions violations to be close to €1.2B, it stated on Monday.

Mon, 03 Sep 2018 16:29:39 GMT

India allows refiners to use Iran's tankers

India allowed state refiners to import Iran's oil with tankers, arranging Tehran, and insurance after companies halted voyages to Iran amid the US sanctions.

Mon, 03 Sep 2018 16:22:34 GMT

VTB sells US business to executives

VTB, the Russian second largest bank, stated that it sold its business based in New York, VTB Capital, to its executives, with geopolitics being one of the reasons for the sale.

Mon, 03 Sep 2018 15:31:25 GMT

Italy's Economy Minister pushes to keep budget deficit low

Giovanni Tria, Italy's Economy Minister, was pushing the parties in the coalition to keep 2019 budget deficit below 2% of output, lower than leaders of the party indicated.

Mon, 03 Sep 2018 15:27:58 GMT

Argentina to tax exports of grains

Argentina announced plans to increase grain export taxes and diminish the number of government ministries, aiming to balance the budget next year.

Mon, 03 Sep 2018 14:06:08 GMT

Argentinian deal with IMF might reverse grain tax

Although the Argentinian government already announced on Monday various tax increases, the President of the country was still under pressure to reverse a grain tax cut.

Mon, 03 Sep 2018 14:05:56 GMT

Argentina will reverse export tax

As it was expected previously, on Monday, Argentinian government announced plans to revert the recent export taxes of some commodities.

Mon, 03 Sep 2018 12:56:33 GMT

UK government wants to keep Carney

The finance ministry of the United Kingdom is negotiating with Bank of England about Mark Carney staying longer as Governor of the central bank.

Mon, 03 Sep 2018 12:56:24 GMT

Mercedes-Benz take on Tesla

Mercedes-Benz are planning to release a new electric SUV on Tuesday. This event is set to mark the company's competition in the electric car market.

Mon, 03 Sep 2018 11:54:32 GMT

IKEA does damage control after scandal

IKEA representatives apologized publicly after a customer in Hyderabad in India found caterpillars in his lunch at one of the IKEA stores.

Mon, 03 Sep 2018 11:53:28 GMT

Andrea Enria applies for ECB watchdog position

The chairman of the European Bank Authority Andrea Enria has sent in his application to become the head of the ECB's Single Supervisory Mechanism.

Mon, 03 Sep 2018 10:09:12 GMT

China to provide $60B in support to Africa

Chinese President Xi Jinping claimed that China is going to provide $60B in financial aid to supprot Africa in the form of investments from companies and financial institutions and government's help. 

Mon, 03 Sep 2018 10:02:59 GMT

China prohibits pig shipment from African swine fever areas

The Chinese government has prohibited the import of pigs from Anhui, Liaoning, Jiangsu, Zhejiang and Henan provinces recently affected by Africaт swine fever.

Mon, 03 Sep 2018 09:07:40 GMT

Russia calls for action in Idlib

The Foreign Minister of Russia Sergei Lavrov stated on Monday that situation in the province of Idlib held by militants and terrorist organizations could not be tolerated endlessly.

Mon, 03 Sep 2018 09:02:27 GMT

Iran calls to banish terrorists from Idlib

The Foreign Minister of Iran Mohammad Javad Zarif urged on Monday to drive away all militants and terrorists from the Syrian province of Idlib.

Mon, 03 Sep 2018 08:02:51 GMT

Singapore and Malaysia postpone rail project

The Edge newspaper reported on Saturday that Malaysian government agreed with their Singapore colleagues to the postpone construction of a high-speed railroad for two years.

Mon, 03 Sep 2018 08:02:46 GMT

Italy projects 3% budget deficit next year

The Deputy Prime Minister of Italy Matteo Salvini stated on Monday he projected that the country's 2019 budget deficit will be close to 3%, thus staying within the boundaries of the limit set by the EU.

Mon, 03 Sep 2018 06:59:37 GMT

Kuroda warns of high-frequency trading

On Monday, the Bank of Japan Governor Haruhiko Kuroda warned that the risk from high-frequency trading could exasperate price moves and hurt financial market stability.

Mon, 03 Sep 2018 06:59:29 GMT

Starbucks gets new partner in New Zealand

On Monday, the Fast-food group Restaurant Brands New Zealand Ltd said it would allow its license to expire in October, which paves the way for Starbucks Corp to get a different partner in NZ.

Mon, 03 Sep 2018 06:19:27 GMT

President Xi says funds for Africa is for infrastructure

On Monday, the Chinese President Xi Jinping said that the funds provided for Africa are to build infrastructure and not for vanity projects.

Mon, 03 Sep 2018 06:18:16 GMT

CEO of Chinese e-commerce giant JD.com is released

The JD.com Inc. billionaire CEO Richard Liu who was arrested on suspicion of sexual misconduct in the US is released.

Mon, 03 Sep 2018 05:03:03 GMT

Courts prohibits Lula to run for presidency

The Superior Electoral Court of Brazil in a simple majority vote decided on Sunday to ban the country's former leader Luiz Inacio Lula da Silva from running for presidency again.

Mon, 03 Sep 2018 04:57:34 GMT

Oil drops amid US data

Crude oil prices fell 0.3% or 18 cents on Monday, reaching $69.62 per barrel, amid increasing supply from the United States and members of the OPEC.

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