News

Note: This section contains information in English only.
Mon, 05 Feb 2018 16:31:16 GMT

US ISM non-manufacturing PMI hits 59.9 in January

The Institute for Supply Management revealed on Monday that its non-manufacturing PMI for the US rose in January, hitting the 59.9-point mark.

Mon, 05 Feb 2018 16:30:34 GMT

UK January services PMI misses expectations

According to the data released by Markit on Monday, the services PMI for the United Kingdom fell to 53.0 in January, missing analysts' expectations for a 54.1-point print.

Mon, 05 Feb 2018 15:19:03 GMT

Nvidia teams up with Continental

Nvidia Corp and Continental AG on Monday announced that the two enterprises are working together to develop self-driving systems.

Mon, 05 Feb 2018 15:17:25 GMT

New German coalition wants to close tax loophole

The future coalition of Germany announced on Monday the idea to end the misuse of a tax loophole in the country's property tax.

Mon, 05 Feb 2018 13:58:27 GMT

Iraq plans military operation

Iraqi military forces are preparing to consolidate the control of the areas located near the Iranian border that are used for oil transit.

Mon, 05 Feb 2018 13:46:51 GMT

Trump accuses top Democrat of leaking information

The US President Donald Trump on Twitter on Monday accused the US Representative Adam Schiffer, who sits on the House Intelligence Committee, of leaking information.

Mon, 05 Feb 2018 13:24:15 GMT

China increases ban on exports to North Korea

The Chinese government has increased the list dual use goods, which are banned from being exported to North Korea.

Mon, 05 Feb 2018 13:23:38 GMT

Broadcom increases its bid for Qualcomm

On Monday the chipmaker Broadcom increased its offer to buy Qualcomm. The bid was increased from $103B to $121B.

Mon, 05 Feb 2018 12:04:08 GMT

Rising oil price to result in higher airfare

The CEO of International Air Transport Association (IATA) Alexandre de Juniac said on Monday that the jump in crude oil prices lead to an increase in airlines' costs and for this reason is likely to result in higher airfare.

Mon, 05 Feb 2018 12:03:57 GMT

CDU and SPD reach consensus on Europe

The SPD leader Martin Schulz announced on Monday that his party has finally managed to reach an agreement with Angela Merkel's conservatives to invest more funds in the Euro Zone and end austerity.

Mon, 05 Feb 2018 11:01:23 GMT

UK's Barnier calls to respect EU rules

The EU Chief Brexit Negotiator Michel Barnier said on Monday that both the British government and leadership of the European Union must respect the red lines set by each other during the negotiation process.

Mon, 05 Feb 2018 11:01:10 GMT

Oil prices plunge to $68.22

Crude oil prices dropped by 36 cents on Monday morning, thus approaching to a one-month low, as investors focused on combination of rising American output and overall decline in stocks and commodities.

Mon, 05 Feb 2018 10:14:49 GMT

Thailand prepares for 300K Chinese tourists during New Year

The Tourism Authority of Thailand (TAT) stated on Monday it expects nearly 300K tourists from China during the Lunar New Year, which depicts an 18% surge on a year-over-year basis.

Mon, 05 Feb 2018 10:06:15 GMT

Iran accuses US of psychological warfare

Iranian authorities said on Monday that imprisonment of Iran-born American citizen Ahmad Sheikhzadeh for tax evasion is an example of 'psychological warfare' that the US conducts against Iran.

Mon, 05 Feb 2018 09:15:08 GMT

Panasonic's operating profit climbs 23% in Oct-Dec

Panasonic Corp announced on Monday a 23% jump in its third-quarter operating profit to ¥120.1bn, driven by solid sales of factory equipment and car components.

Mon, 05 Feb 2018 09:07:05 GMT

Mitsubishi announces 20.4bn Yen operating profit in October-December

The Japanese car manufacturer Mitsubishi Motors Corp reported on Monday an operating profit of 20.4bn Yen in the fourth quarter of 2017, compared to 8.4bn Yen year-on-year.

Mon, 05 Feb 2018 08:02:20 GMT

Oil prices decline due to global market sell-off and stronger US Dollar

Oil prices extended their losses on Monday, as a global market sell-off and stronger Greenback put bearish pressure on the commodity.

Mon, 05 Feb 2018 08:01:23 GMT

Tesco expects profit above analysts' forecasts in fiscal year 2018

The largest British retailer Tesco expects its operating profit to be around £1.58M for the fiscal year 2018 - reading which is above the analysts' average forecast of £1.56M.

Mon, 05 Feb 2018 07:14:17 GMT

Suzuki reports 68% increase in operating profit among solid sales in India

The Japanese car manufacturer Suzuki Motor Corp announced on Monday a 68% increase in operating profit year-on-year during its third quarter due to stronger sales in India.

Mon, 05 Feb 2018 07:08:51 GMT

Stocks plunge during Asian session in response to resurgent inflation

Asian stocks plunged at their fastest pace in a year on Monday, as resurgent inflation pushed bonds lower and sparked speculation about the end of global monetary stimulus.

Mon, 05 Feb 2018 06:06:33 GMT

Abe hopes BoJ continues "bold" monetary easing

On Monday, the Prime Minister of Japan Shinzo Abe called on the country's central bank to continue its "bold" monetary easing in order to achieve the 2% inflation goal.

Mon, 05 Feb 2018 06:06:15 GMT

EC official: protectionism to curb aviation growth

The EC Director-General for Mobility and Transport said protectionism and potential infrastructure shortages would compromise the strong growth in commercial aviation.

Mon, 05 Feb 2018 05:23:58 GMT

South Korea bars 36K people from entering for Olympics

South Korean media reported on Monday that the country has barred around 36K foreign nationals from entering for the Winter Olympic Games due to security concerns.

Mon, 05 Feb 2018 05:22:46 GMT

Kuroda: CB must keep easy monetary policy

On Monday, the Governor of the BoJ Haruhiko Kuroda highlighted the need to maintain the current ultra-easy monetary policy on the back of still low inflation.

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