News

Note: This section contains information in English only.
Thu, 30 Nov 2017 17:51:19 GMT

Portugal, Slovakia, Latvia bid for chair of Eurogroup

The Finance Ministers of Portugal, Slovakia, Latvia would bid to replace Jeroen Dijsselbloem, the head of the Eurogroup, ahead of the vote among the 19-country bloc next week.

Thu, 30 Nov 2017 17:49:12 GMT

US consumer spending rises 0.3% in October

US consumer spending slowed growth in October to mark a 0.3% increase after a 0.9% gain in the prior month, strengthening expectations for the Fed to raise rates in December.

Thu, 30 Nov 2017 16:52:56 GMT

EZ weak inflation growth matches ECB forecasts for dip

Euro zone consumer inflation rose at a weaker-than-anticipated pace of 1.5% in November, suggesting that price growth was still soft reinforcing ECB projections for a further dip.

Thu, 30 Nov 2017 16:52:16 GMT

Chicago PMI retreats from three-year high in November

The ISM said that manufacturing activity in the area of Chicago with the PMI index rebounding to the 63.9 mark this month from a three-year high of 66.2 registered in October.

Thu, 30 Nov 2017 16:12:01 GMT

Russia's annual inflation to weaken in 2017 before next year's rebound

Russian consumer inflation is expected to grow 2.9% by the end of the year, compared with the 3.3% seen in the prior month, before hitting the central bank's 4% target in 2018.

Thu, 30 Nov 2017 16:11:31 GMT

British house price growth lower than anticipated in November

The UK house prices increased 0.1% in November, missing expectations for a 0.2% gain, as house price inflation continued weakening since the Brexit vote, Nationwide said.

Thu, 30 Nov 2017 15:32:59 GMT

VW car brand expects sales at record-high this year

The Volkswagen car brand forecast the record sales of more than 6M models in 2017, exceeding the last year's reading of 5.99M, the company stated on Thursday.

Thu, 30 Nov 2017 15:00:51 GMT

US initial jobless claims drop 2K last week

The number of applications for US unemployment benefits plunged 2K to 238K in the week ending November 25, missing analysts' expectations for a 241K rise.

Thu, 30 Nov 2017 14:32:01 GMT

Apple to develop own power chips in 2018

According to the Nikkei business daily, Apple is planning to design its own power management chips to use in iPhones as soon as in 2018.

Thu, 30 Nov 2017 14:24:53 GMT

Euro zone jobless rate rises in October

Eurostat reported on Thursday that unemployment rate in the Euro zone climbed to 8.8% in November, slightly missing the forecasts for the reading to remain unchanged at 8.9%.

Thu, 30 Nov 2017 13:34:20 GMT

Kroger's Q3 sales surge 4.5% on Thursday

The US supermarket chain Kroger posted a 4.5% jump in its Q3 sales on Thursday, driven by an aggressive discounting that lured a lot of customers to the stores.

Thu, 30 Nov 2017 13:32:00 GMT

Express Scripts views Amazon as potential partner

Express Scripts Holding's CEO stated that he saw Amazon as a potential partner rather than a competitor, after Amazon showed its willingness to enter the pharmacy market.

Thu, 30 Nov 2017 11:58:57 GMT

Putin to receive support from UR party if seeks new term

The Russian PM Dmitry Medvedev stated that the country's ruling party United Russia was eager to back the President Vladimir Putin, if he sought a new term in the office.

Thu, 30 Nov 2017 11:58:09 GMT

China issues guidelines to lure private capital into PPP projects

China has issued new rules on Thursday, as it seeks to bring more private capital into the public-private partnership programme, which channels funds into the state infrastructure projects.

Thu, 30 Nov 2017 11:26:10 GMT

Turkey's Denizbank denies collaboration with Zarrab

On Thursday, Turkish Denizbank stated it did not collaborate with the gold trader Reza Zarrab, who was found guilty of helping Iran get around the US sanctions.

Thu, 30 Nov 2017 11:02:14 GMT

Net migration to UK drops in 12 months after Brexit

According to the official data reported on Thursday, net migration to Britain plunged to 230K people in a year, following the 2016 Brexit referendum, mostly driven by the EU citizens.

Thu, 30 Nov 2017 10:26:14 GMT

France hopes to sell armoured cars, fighter jets to Qatar

French Defence Minister is hoping to clinch deals with Qatar to sell armoured vehicles and Rafale fighter jets to the country during the President Emmanuel Macron's scheduled visit in December.

Thu, 30 Nov 2017 10:17:13 GMT

Pope to meet Rohingya group in Bangladesh

Pope Francis is visiting Bangladesh after his trip to Myanmar to meet the Rohingya Muslims and help move forward to finding solution to the refugee problem.

Thu, 30 Nov 2017 09:30:34 GMT

OPEC and allies to agree on oil cut extension by 2018-end

OPEC and its allies are set to agree at Thursday's meeting on oil output cut extension by the end of the next year, four sources of OPEC reported.

Thu, 30 Nov 2017 09:22:49 GMT

EU urges Myanmar to assure equal rights for all in Rakhine

On Thursday, the EU ambassador to Myanmar stated that the country must assure equal rights for all people in the troubled Rakhine state amid talks over repatriation of about 620K Rohingya Muslims.

Thu, 30 Nov 2017 08:28:53 GMT

QIA may invest in Qatar Airways and local projects

Qatar Investment Authority sovereign funds is considering investment in the national carrier Qatar Airways and local projects, as it has already set a plan to support real estate development Katara.

Thu, 30 Nov 2017 08:22:26 GMT

Aviva to pledge $4B in excess cash within two years

British insurer Aviva is planning to spend around $4B in excess cash in the following two years, after several years of restructuring and bringing business to a high quality, the insurer stated on Thursday.

Thu, 30 Nov 2017 07:24:18 GMT

Asian shares edge lower on Thursday

Asian shares weakened on Thursday, as investors feared that the boom in micro-chips that had previously driven technology stocks has reached its peak.

Thu, 30 Nov 2017 07:14:59 GMT

Australia to hold inquiry into its financial sector

The Australian government noted on Thursday that it would request an inquiry into its financial sector, as scandals have undermined confidence in the country's financial system and its economy.

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