News

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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.

Mon, 05 Feb 2018 04:25:11 GMT

Nissan to invest $9.5B in China's business

Nissan Motor announced plans to invest $9.5B in China over the course of the next five years together with the company's joint-venture partner, seeking to become the third biggest automaker.

Mon, 05 Feb 2018 04:22:58 GMT

Singtel to spend $413M to increase stake in Bharti Telecom

Singapore Telecommunications stated that the company would spend nearly $413M on shares in India's firm Bharti Telecom to increase its stake just under half.

Mon, 05 Feb 2018 03:26:52 GMT

Chinese services activity rises unexpectedly last month

Markit reported on Monday that its PMI for China's services industry rose to 54.7 in January from 53.9 in the prior month, whereas analysts expected the Index to come in at 53.6.

Mon, 05 Feb 2018 03:25:42 GMT

Australian inflation growth accelerates last month

The Melbourne Institute reported that its Inflation Gauge climbed 0.3% last month, after rising 0.1% in December.

Sun, 04 Feb 2018 21:17:17 GMT

Durbin says DACA deal approaching, but unlikely during this week

The US Democrat Dick Durbin noted on Sunday that immigration issues over DACA were under discussion, but not expected to be resolved before government spending ends this week.

Sun, 04 Feb 2018 20:56:14 GMT

Tillerson: US considers limiting exports of refined products to Venezuela

The US Secretary of State Rex Tillerson said the US could limit its exports of refined products to Venezuela in an attempt to pressure the country to ‘return to the constitution'.

Sun, 04 Feb 2018 20:07:26 GMT

House Intelligence Committee is set to discuss Republican memo on Monday

The US House Intelligence Committee will meet on Monday to discuss the Republican memo that alleges bias at the Justice Department and the FBI against the President Donald Trump.

Sun, 04 Feb 2018 19:58:55 GMT

Erdogan to discuss Jerusalem with Pope Francis

The Turkish President Tayyip Erdogan travelled to Italy on Sunday in order to discuss with Pope Francis the US decision to recognise Jerusalem as the capital of Israel.

Sun, 04 Feb 2018 19:08:26 GMT

Germany's CDU, SPD to continue coalition negotiations on Monday

The Merkel-led CDU and the Social Democrats are to continue their negotiations on Monday in order to resolve the last differences on certain issues, a SPD member said on Sunday.

Sun, 04 Feb 2018 19:00:26 GMT

Sudan's central bank devalues interbank exchange rate

The Central Bank of Sudan announced on Sunday its decision to weaken the interbank exchange rate to its upper range of 31.5 Sudanese Pounds per the US Dollar.

Sun, 04 Feb 2018 18:19:48 GMT

Tillerson: US considers limiting oil from Venezuela, assesses impact of sanctions

The US Secretary of State Rex Tillerson said the US was considering limiting oil sale from Venezuela, as well as assessing the impact of potential sanctions on businesses.

Sun, 04 Feb 2018 18:16:36 GMT

Anastasiades wins presidential election in Cyprus

The latest results of the Cypriot presidential election on Sunday showed that the President Nicos Anastasiades had defeated his leftist rival Stavros Malas with 55.9% of the votes.

Sun, 04 Feb 2018 17:13:48 GMT

Top ANC members meet with South African President on Sunday

Six leading members of the South African ruling party the African National Congress are to meet with the country's President Jacob Zuma this Sunday amid pressure for him to resign.

Sun, 04 Feb 2018 17:10:39 GMT

Boeing must decide on Canada's fighter jet bid until Feb 9

Boeing Co has until February 9 to decide on whether to participate in a bid to supply multi-billion-dollar fighter jets to Canada amid trade dispute with the country.

Sun, 04 Feb 2018 15:55:05 GMT

Volvo sees prospects in China's e-commerce boom, poverty alleviation

Volvo Group stated that the company saw opportunities in China due to the country's thriving e-commerce industry and its pledge to diminish poverty.

Sun, 04 Feb 2018 15:54:07 GMT

Aramco's pricing of oil unchanged amid slower demand

Saudi Arabian state-owned oil firm Saudi Aramco retained pricing for the main crude grade to the Asian region unchanged for two months in succession, responding to slower demand.

Sun, 04 Feb 2018 15:06:07 GMT

Abraaj: health fund's unused capital returned to investors

Abraaj Group, the buyout firm based in Dubai, stated that unused capital from the company's health fund was brought back to investors, dismissing media reports on its disappearance.

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