News

Note: This section contains information in English only.
Thu, 28 Dec 2017 17:54:20 GMT

Minutes: BOM aims to stabilise inflation and reduce price pressures

The Bank of Mexico's minutes revealed on Thursday that it aims to keep inflation forecasts stable, while seeing interest rate hikes as a possible measure to reduce price pressures.

Thu, 28 Dec 2017 17:53:43 GMT

Trump disappointed about China's oil deliveries to North Korea

The US President Donald Trump tweeted on Thursday that a ‘friendly solution' to the North Korean crisis could not be reached while China continued its oil deliveries to the country.

Thu, 28 Dec 2017 16:56:10 GMT

Snap develops new product to boost user growth and revenues

Snap Inc plans to introduce a new product ‘Stories Everywhere' in order to boost stagnant user growth and decreasing revenues.

Thu, 28 Dec 2017 16:54:51 GMT

Venezuelans protest against pork shortage during holidays

Hundreds of Venezuelans in Caracas protested against pork shortage during the holidays, while the country's President Nicolas Maduro blamed Portugal for failed meat deliveries.

Thu, 28 Dec 2017 16:07:02 GMT

Wall Street indexes gain momentum on Thursday

Several major Wall Street indexes edged higher on Thursday, driven by solid advances in such technology stocks as Apple, Amazon, Facebook and Alphabet.

Thu, 28 Dec 2017 16:05:46 GMT

US to proceed with visa services in Turkey

The US State Department announced on Thursday that the United States was to resume visa services in Turkey as a result of improved security posture.

Thu, 28 Dec 2017 14:52:32 GMT

US Unemployment Claims stay flat

The number of people filing for unemployment benefits during the last week in the US has remained flat at 245,000, compared to the previous week.

Thu, 28 Dec 2017 14:51:48 GMT

Putin wants methane instead of petrol

The President of Russia Vladimir Putin has expressed the view that the country should switch to natural gas fueled cars not petrol, as that would be cheaper and more eco-friendly.

Thu, 28 Dec 2017 13:53:53 GMT

Apple and Amazon to set up in Saudi Arabia

An exclusive report published by Reuters has revealed that Apple and Amazon are in the middle of licensing talks with Saudi Arabia.

Thu, 28 Dec 2017 13:53:39 GMT

Argentina raises inflation forecast

The central bank of Argentina has changed its 2018 inflation target to 15%. This is a hike after the 8-12% target. Meanwhile, the bank has struggled to keep inflation down, as even 28.75% interest rate can't stop the rise of prices.

Thu, 28 Dec 2017 12:52:58 GMT

LeEco founder's assets seized

The self-proclaimed warrior's against Apple and Tesla and entrepreneur's Jia Yueting's assets have been seized by a Chinese court.

Thu, 28 Dec 2017 12:52:27 GMT

Mercedes leads US luxury car market

Mercedes Benz of Daimler AG once more has finished the year as the top luxury car brand in the US. Mercedes passed BMW by 30,000 vehicles.

Thu, 28 Dec 2017 11:59:43 GMT

US Dollar drops to one-month low on Thursday

The US Dollar fell to a one-month low against various major currencies on Thursday, as it was pressured by a decline in US 10-year bond yields.

Thu, 28 Dec 2017 11:59:34 GMT

Poll: oil prices expected to be $60 per barrel in 2018

Analysts expect oil prices to be near $60 per barrel in 2018 due to reduced output and an increase in global demand, a poll by Reuters showed on Thursday.

Thu, 28 Dec 2017 11:12:38 GMT

Oil prices reach new highs on Thursday

Oil prices were trading near two-year highs on Thursday, as a decline in US crude stocks put upward pressure on the commodity.

Thu, 28 Dec 2017 11:11:28 GMT

Austria's top judge criticises tougher measures on security, asylum

The Austrian Constitutional Court Chief Justice Gerhart Holzinger criticised the plan of the country's newly-formed government to implement tougher laws on asylum and security.

Thu, 28 Dec 2017 10:14:19 GMT

Taiwan says China's military activity causes regional instability

The Taiwanese President Tsai Ing-wen explained on Thursday that China's repeated military activity near the island caused regional instability.

Thu, 28 Dec 2017 10:13:29 GMT

China denies breaking UN sanctions with oil sales to North Korea

China explained on Thursday that it had complied with the latest UN sanctions and thus did not illicitly supply oil to North Korea.

Thu, 28 Dec 2017 08:52:19 GMT

French carmaker PSA to negotiate collectively over job cuts

France's carmaker PSA was looking upon adopting a process of collective bargaining with the company's workforce over coming job cuts in a bid to ease the process.

Thu, 28 Dec 2017 08:27:54 GMT

Japanese Nomura to start retail brokerage business in China

Nomura Holdings is waiting for allowance by China to open securities brokerages in the country and start serving wealthy Chinese, the Bank's CEO said.

Thu, 28 Dec 2017 08:27:30 GMT

18K Chinese officials perform badly in environment protection

More than 18K China's officials performed badly or failed to take action in the environment protection since 2016, the country's environmental inspection said.

Thu, 28 Dec 2017 07:29:43 GMT

China to temporary free foreign firms from provisional income tax

China's Finance Ministry stated that foreign companies' reinvested profits in China would temporary be freed from paying provisional income tax.

Thu, 28 Dec 2017 07:29:06 GMT

South Korea to limit cryptocurrency trading

South Korean government stated it would impose extra measures in an attempt to regulate speculation within cryptocurrency trading in the country.

Thu, 28 Dec 2017 06:17:14 GMT

Indonesian headline inflation growth seen at yearly 3.4% in December

The Indonesian Consumer Price Index is likely to increase slightly 3.4% year-over-year in December, compared 3.3% in the prior month, remaining within the Bank Indonesia target range.

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