News

Note: This section contains information in English only.
Wed, 14 Jun 2017 11:21:10 GMT

PM May, Northern Ireland DUP restart talks on govt's minority support

The UK Prime Minister and the Northern Ireland's DUP renewed their talks on May's minority government support on Wednesday, despite the anticipated delay.

Wed, 14 Jun 2017 11:20:41 GMT

Finnish intelligence service raises threat level amid terrorism plans awareness

On Wednesday, Finland's security service raised its level of threat as it became aware of some terrorism-related plans in the country.

Wed, 14 Jun 2017 10:12:58 GMT

Philippine's central banker concerned about credit

The future head of the Philippine's central bank Nestor Espenilla has expressed concern about the growing credit amount in the country and announced that it is being closely watched.

Wed, 14 Jun 2017 10:12:19 GMT

ECB bond buying declared a disappointment

Klaas Knot the chief of the Dutch central bank and a critic of the ECB bond buying scheme announced on Wednesday that the impact on inflation of the 2.3 trillion asset purchasing has been a disappointment.

Wed, 14 Jun 2017 09:29:26 GMT

PM May assigns Brexit supporter Barclay as City minister

The British PM Theresa May designated the Brexit supporter Stephen Barclay as the UK Economic Secretary for the Ministry of Finance, a government spokeswoman reported.

Wed, 14 Jun 2017 09:09:29 GMT

Qatar pulls back troops from Eritrea-Djibouti border

On Wednesday, Qatar made a decision to call out its troops from the Djibouti-Eritrea border amid a diplomatic crisis it faced with some of its Gulf neighbour states.

Wed, 14 Jun 2017 08:12:23 GMT

7.0-magnitude undersea earthquake hits Mexican Southwest coast

According to the Pacific Tsunami Warning Centre, an undersea earthquake of magnitude 7.0 hit the Mexican Southwest Pacific coast on Wednesday.

Wed, 14 Jun 2017 08:00:38 GMT

Germany's CPI comes in at -0.2%

Destatis reported on Wednesday that the German CPI plunged 0.2% in May, following the same fall in the preceding month, while analysts anticipated a jump of 0.5%.

Wed, 14 Jun 2017 07:27:55 GMT

Bangladesh landslides death toll climbs to 134

The number of casualties in Bangladesh rose to 134 on Wednesday after a series of landslides caused by heavy rains hit the country's hillside homes.

Wed, 14 Jun 2017 07:16:37 GMT

US fashion retailer J. Crew triggers debt restructuring deal

The US fashion retailer J. Crew Group unveiled the terms of its debt restructuring plan, cutting in a half of its nearly $567M in bonds and extending the company's maturity by two years.

Wed, 14 Jun 2017 06:27:08 GMT

Greek PM seeks for deal to be closed at Eurogroup meeting

On Wednesday, Greece's Prime Minister Alexis Tsipras stated that he hoped to reach the loan deal at the EU finance ministers' meeting on June 15.

Wed, 14 Jun 2017 06:17:49 GMT

30 injured as 27-storey tower block bursts into flames in London

No less than 30 people are reported to be injured, while a number of others are possibly trapped into the building as a 27-story high-rise block got engulfed with a huge fire in the central London on Wednesday.

Wed, 14 Jun 2017 05:04:19 GMT

Uber director resigns

The Director of Uber Technologies Inc David Bonderman resigned on Tuesday. The event follows and might have been caused by remarks made by the director in a staff meeting. Some of the director's remarks were seen as offensive to women.

Wed, 14 Jun 2017 05:03:31 GMT

Asylum seekers win in court against Australia

The asylums seekers of a detention center located in Papua New Guinea, which have been held there for more than two years will receive compensations. The total sum to be paid out to the 2,000 people is 53 million US Dollars.

Wed, 14 Jun 2017 04:20:05 GMT

Bank of Japan policy will remain steady

The Bank of Japan will release its monetary statement on Friday. It is expected that the policy settings will remain unchanged, as the bank will remain behind the Federal Reserve in regards to stimulus programs.

Wed, 14 Jun 2017 04:19:11 GMT

Steady Chinese macroeconomic data released

Chinese retail sales and output of factories has increased at a moderate pace in the month of May. However, investment has decreased, which strengthens the hypothesis that the Chinese economy will lose momentum.

Wed, 14 Jun 2017 02:55:10 GMT

US to undermine globally-agreed bank reforms

US plans to delay global reforms to make banks safer after financial crisis are likely to get an international regulatory cooperation system thrown into confusion.

Wed, 14 Jun 2017 02:54:08 GMT

China's retail sales unchanged at 10.7% in May

The Chinese National Bureau of Statistics reported that retail sales posted an unchanged reading of a 10.7% yearly gain in May, while analysts expected a slight decrease to 10.6%.

Wed, 14 Jun 2017 02:22:12 GMT

US considers sanctions on countries working with North Korea

The United States is considering the impose of sanctions on countries, working with North Korea, and seeking ways to revive relations with Russia, US Secretary of State revealed.

Wed, 14 Jun 2017 02:14:40 GMT

World Bank accepts $500M financing for Afghanistan projects

The World Bank approved more than $500M of financing for Afghanistan, which is set to boost the economic development in five cities and help with Afghan refugees.

Tue, 13 Jun 2017 20:02:44 GMT

German approved arms sales drop 13% in 2016

Germany's arms export approvals inched 13% lower to €6.85B in 2016, as well as continued to drop during the first quarter of 2017 amid strict export licensing. 

Tue, 13 Jun 2017 20:00:11 GMT

Citigroup looks for ways to return capital to shareholders

According to CFO Gerspach, Citigroup Inc had examined different ways on how to efficiently meet necessary regulatory requirements to repay more capital to company's shareholders.

Tue, 13 Jun 2017 19:07:14 GMT

Oil prices rise on OPEC supply cuts; Saudi limit exports to Asia and US

On Tuesday, oil prices inched higher during the New York session amid OPEC's supply cuts all over the world. Meanwhile, Saudi Arabia would reduce oil export amount in July to Asia and the US.

Tue, 13 Jun 2017 19:05:49 GMT

EU launches legal cases against three European countries over migration

The European Commission has opened a legal case against Hungary, Czech Republic and Poland for rejecting to accept asylum seekers.

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