News

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Tue, 13 Jun 2017 05:12:28 GMT

Panama establishes diplomatic relations with China

The President of Panama Juan Carlos Varela said on Monday that Panama suspended its relations with Taiwan and, in turn, established full diplomatic relations with China.

Tue, 13 Jun 2017 05:11:59 GMT

15 missing amid site collapse in Kenya

According to Kenyan rescue services, 15 people are missing after a multi-storey building collapsed in an eastern Nairobi.

Tue, 13 Jun 2017 04:19:56 GMT

Philippines claim Islamists control one-fifth of Marawi

According to the Lieutenant General Carlito Galvez, Islamic State militants continue to control four neighborhoods, which constitute 20% of the besieged city of Marawi. 

Tue, 13 Jun 2017 04:19:22 GMT

US senators agree on new sanctions against Russia

On Monday, US senators agreed on additional sanctions against Russia, which prohibit the White House to recall or weaken already imposed sanctions without congressional approval. 

Tue, 13 Jun 2017 02:55:13 GMT

Moscovici wants France to reach EU budget target this year

France's budget deficit has to be brought back below the EU 3% ceiling in 2017 to help restore credibility under Emmanuel Macron, Pierre Moscovici revealed.

Tue, 13 Jun 2017 02:54:58 GMT

No signs Russia wants good relationship with US: Mattis

Jim Mattis, the US Defence Secretary, revealed that there are no signs that Russia wants a good relationship with the US as it decided to be a strategic competitor.

Tue, 13 Jun 2017 02:12:15 GMT

France, Britain to join forces to fight online extremism

France and Britain are set to join forces to push tech companies to do more for tackling online extremism, Theresa May's spokesman revealed.

Tue, 13 Jun 2017 02:11:18 GMT

BoJ to keep taking steps to stabilize prices

The Bank of Japan is likely to pursue taking monetary policy steps for price stability, while watching how that may affect the bank's financial health, a senior official revealed.

Mon, 12 Jun 2017 20:04:40 GMT

Tech stock selloff extends, while oil prices inch higher

On Monday, the technology stock selloff went on for the second consecutive day during the New York session, while oil prices rose on the grounds of the US inventory declines.

Mon, 12 Jun 2017 20:00:42 GMT

Al Qaeda claims gun attack and car bombs that kill 12 people

Al Qaeda militants affirmed the responsibility for gun attack on the army camp and two car bombs in southeastern Yemen that killed 12 people, including two soldiers. 

Mon, 12 Jun 2017 19:13:46 GMT

Supreme Court strikes down gender distinction in US citizenship law

The US Supreme Court has invalidated a gender inequality in the US immigration law, which treated fathers and mothers differently regarding the determination of a child's citizenship. 

Mon, 12 Jun 2017 19:00:48 GMT

PM May to remain in office as long as lawmakers support her

The UK's PM May stated that she would stay the First Minister as long as Conservative lawmakers support her, even after the botched election that weakened Britain's hand days just before the Brexit negotiations. 

Mon, 12 Jun 2017 18:14:11 GMT

Second US Court of Appeals rules against President's temporary travel ban

The second US Court of Appeals has ruled against the President Trump's revised travel ban for citizens of six Muslim countries, defending the lower court's decision.

Mon, 12 Jun 2017 18:05:49 GMT

Honeywell International gets heavy investment from US tech company

Honeywell International's aerospace business that was under a review for a spin off had benefited from the massive investment from the US manufacturing and technology company. 

Mon, 12 Jun 2017 18:00:31 GMT

Russia's police arrest 500 anti-Kremlin protesters

On Monday, the Russian Interior Ministry reported the state police had detained 500 participants of an unsanctioned anti-Kremlin protest in St Petersburg.

Mon, 12 Jun 2017 17:59:57 GMT

Gymboree files for Chapter 11 bankruptcy

Court records revealed the San Francisco-based children's clothing chain Gymboree filed for bankruptcy protection under the Chapter 11, aiming to reduce its debt by around $1B.

Mon, 12 Jun 2017 17:04:15 GMT

Trump to discuss fight against IS in two weeks

At a meeting with reporters at the White House, the US President Donald Trump said he was planning to hold a press conference to discuss the fight against IS in two weeks' time.

Mon, 12 Jun 2017 17:03:34 GMT

Hawaii calls on US top court not to revive Trump's Muslim ban

On Monday, Hawaii called on the Supreme Court of the United States not to revive Trump's travel ban after it had been blocked by lower state's courts.

Mon, 12 Jun 2017 16:11:02 GMT

US inflation expectations drop in May

United States inflation expectations slipped over the month of May, with the three-year-ahead gauge hitting its lowest mark in nearly a year.

Mon, 12 Jun 2017 16:10:23 GMT

Apple shares tumble on rating downgrade

Shares of Apple went 3.6% down on Monday, as Mizuho Securities downgraded its iPhone maker rating from "buy" to "neutral".

Mon, 12 Jun 2017 15:05:50 GMT

Exxon completes Baytown refinery overhaul

On Monday, ExxonMobil spokesperson reported the company had completed a planned examination of its second-largest gasoline refinery in Baytown, Texas.

Mon, 12 Jun 2017 15:05:07 GMT

Colombia's Echavarria sees further interest rates cuts in 2017

The Governor of the Colombian Central Bank Juan Jose Echavarria claimed he expected the bank to slash its interest rates by at least 100 basis points in 2017.

Mon, 12 Jun 2017 14:33:18 GMT

CFO Lohscheller to become Opel CEO as Neumann quits

The current Opel CFO Michael Lohscheller will replace Karl-Thomas Neumann as the carmaker's CEO following Neumann's resignation on the back of the General Motor decision to sell its EU division to the French PSA Group.

Mon, 12 Jun 2017 14:23:27 GMT

Natixis files suit against Marex Spectron over fraudulent receipts

France's bank Natixis filed a $32M suit against the metal broker Marex Spectron over the deemed fraudulent nickel receipts stored at Asian warehouses that were operated by Glencore.

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