News

Note: This section contains information in English only.
Wed, 29 Aug 2018 16:15:33 GMT

Czech government accepts to 8% wage increase for state workers

The ruling coalition Czech Republic agreed an 8% wage rise on average for the country's workers for next year, Andrej Babis, the Prime Minister, stated.

Wed, 29 Aug 2018 15:11:27 GMT

BYD reports 72.2% fall in H1 profit

China's BYD Co, backed by the US investor Warren Buffett, reports a 72.2% fall in profit in the first half of the year, after Beijing reined in subsidies.

Wed, 29 Aug 2018 15:06:37 GMT

UBS to sell SmartWealth platform to startup

UBS was closing SmartWealth, the digital platform for wealth management, and selling the intellectual property rights to startup SigFig, the Bank's executives stated.

Wed, 29 Aug 2018 13:52:38 GMT

Putin dilutes pension reforms

The President of Russian Federation has diluted the draft legislation of the pension reform of the country, which caused a fall in his popularity.

Wed, 29 Aug 2018 13:23:25 GMT

Chinese regulator will push on with deleveraging

The Chinese banking regulators on Wednesday announced that they will push on with deleveraging and fending off proactively external risks.

Wed, 29 Aug 2018 13:13:17 GMT

US second quarter GDP gets revised

The already high GDP growth of the US seen in the second quarter of 2018 has been revised upwards. Namely, the GDP increase has been adjusted from 4.0% to 4.2%.

Wed, 29 Aug 2018 13:12:27 GMT

Rouble dips and ignores Putin's reform

Although the President of the Russian Federation pushed through his pension reform, the Russian Rouble continued to decline on Wednesday.

Wed, 29 Aug 2018 11:58:19 GMT

Investors increase pressure on Campbell Soup

The family that owns majority stake of Campbell Soup Company is set to collide with other investors, which are pressuring the company to be sold.

Wed, 29 Aug 2018 11:56:04 GMT

Stocks slightly decline on Wednesday

Global stock prices slightly declined on Wednesday due to the unclear position of Canadian authorities on the new NAFTA developments.

Wed, 29 Aug 2018 11:11:34 GMT

Chinese Geely builds new car factory

Chinese car manufacturing giant Geely builds a new car plant in the city of Ningbo on the South-East of China to produce 250000 vehicles per year as a part of company's strategy to sell more than 2 million cars by 2020. 

Wed, 29 Aug 2018 11:04:51 GMT

Aston Martin considers IPO on LSE

British luxury car manufacturer Aston Martin is planning to go public on the London Stock Exchange, becoming the first British car manufacturer to be listed on LSE for years.

Wed, 29 Aug 2018 10:22:23 GMT

Carlsberg to expand its largest European brewery

On Wednesday, a global brewing company Carlsberg claimed that it is planning to expand the capacity of its largest Kronenbourg brewery in France with $117M investments.

Wed, 29 Aug 2018 10:13:31 GMT

Grab to invest $250M in startups in Indonesia

On Wednesday, Singapore-based ridesharing company Grab claimed that it is planning to invest $250M in startups in Indonesia as a part of the company's plans to cement its position on Indonesian market.

Wed, 29 Aug 2018 09:06:34 GMT

Germany does not discuss provision of financial aid with Turkey

According to a state official, Germany is not planning to provide financial aid to Turkey to help it to overcome an escalating crisis caused by intensively depreciating Lira.

Wed, 29 Aug 2018 09:02:24 GMT

Albayrak says financial system is safe

The Finance Minister of Turkey Berat Albayrak said on Wednesday he believes that financial system is safe and there is no big risk for the country's economy despite rapidly falling Lira.

Wed, 29 Aug 2018 07:18:18 GMT

Oil falls on increasing US supplies

Oil prices weakened further on Wednesday due to increase in the US crude oil supplies.

Wed, 29 Aug 2018 07:18:06 GMT

Turkish Lira dips amid uncertainty over strain US relationship

The Turkish Lira dipped further south on Wednesday, because of uncertainty from the US-Turkey relationship.

Wed, 29 Aug 2018 06:23:43 GMT

Iran says it has detained tens of spies

Iran's Intelligence Minister Mahmoud Alavi said that Iranian Security forces had arrested spies working in the state bodies.

Wed, 29 Aug 2018 06:19:02 GMT

Securities Times: China's ZTE new CEO says production is back to normal

The newly elected executives of China's ZTE Corp said on Wednesday that production is back to normal after the lifting of the US ban.

Wed, 29 Aug 2018 04:58:30 GMT

Fast-food chain Yum China rejects $17.6B buyout offer

Yum China Holdings Inc, one of the largest fast-food chain operators in China, has rejected a $17.6B buyout offer from Chinese investment company Hillhouse Capital Group.

Wed, 29 Aug 2018 04:51:46 GMT

China state planner head: economy to face increased risks

On Tuesday, China's state planner head He Lifeng claimed that global economy will face the increased risks in the second half of 2018 and that targets in economic growth could be achieved through effort. 

Wed, 29 Aug 2018 03:52:14 GMT

BOJ: central banks need to watch policy's impact on bonds market

On Wednesday, the Board Member of the Bank of Japan Hitoshi Suzuki claimed that central banks need to pay more attention to the impact of their monetary policies on the bond market.

Wed, 29 Aug 2018 03:51:45 GMT

UK retail prices rise for first time since 2013

The British Retail Consortium reported that British retail prices rose for the first time since April 2013 with higher oil cost and dry summer named as the main reasons of the prices growth.

Wed, 29 Aug 2018 03:00:57 GMT

US to join UN-led negotiations on Syria

On Tuesday, an official of the US State Department claimed that in September the US is planning to join the UN-led negotiations in Geneva to discuss the new Syrian constitution.

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