News

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Fri, 05 May 2017 13:23:39 GMT

North Korea accuses CIA

North Korea accused the Central Intelligence Agency and South Korean intelligence service of making a plot to assassinate the leader of the country. Supposedly the agencies paid a North Korean agent only 20,000 US Dollars on two occasions for the service.

Fri, 05 May 2017 13:20:06 GMT

Iraq army gains significant ground in Mosul

On the second day of the renewed offensive the Iraqi Army pushed further and gained a foothold in the northwestern part of Mosul. These are the latest gains in the seven month campaign against Daesh.

Fri, 05 May 2017 11:54:50 GMT

Indonesian banks show improvement in Q1

The bad loan ratio of fifteen Indonesian banks decreased in the first quarter while profits grew, thus improving their prospects for the given year.

Fri, 05 May 2017 11:54:35 GMT

Greek PM Tsipras discusses bailout agreement with legislators

The Greek Prime Minister Alexis Tsipras presented to legislators today the bailout agreement reached with the EU and the IMF on Tuesday. He added that any additional savings would be allocated to the Greeks.

Fri, 05 May 2017 11:26:06 GMT

Indonesian economy grows 5.01% in Q1

The Indonesian economy expanded at an annualised 5.01% pace in the March quarter amid higher exports of commodities and stronger oversees demand.

Fri, 05 May 2017 11:00:22 GMT

OPEC and non-OPEC countries to extend production cut deal

On Friday, the Saudi Arabian OPEC Governor said that OPEC and non-OPEC members would likely extend the production cut deal beyond June.

Fri, 05 May 2017 10:59:40 GMT

China's Finance Minister Xio Jie skips meeting with South Korea, Japan

The Chinese Finance Minister Xiao Jie missed today's meeting with his counterparts from South Korea and Japan due to domestic issues.

Fri, 05 May 2017 10:05:04 GMT

Asian policymakers: protectionism to compromise global growth

In a statement released on Friday, policymakers from major Asian states warned that a shift to protectionism is set to pose downward risks to growth prospects in the world.

Fri, 05 May 2017 10:04:54 GMT

Euro zone Retail PMI jumps to 52.7 in April

The headline Markit Retail PMI for the Euro zone surged to 52.7 over the month of April from the 49.5-point reading observed in March, marking the steepest advance since mid-2015.

Fri, 05 May 2017 09:31:55 GMT

Volkswagen working on recovery from emissions scandal

As reported by Reuters on Friday, Volkswagen has been targeting stable gains in productivity by cutting on costs and producing cars with higher margins in order to recover from the scandal related to emissions.

Fri, 05 May 2017 09:26:55 GMT

Xiao Jie skips Finance minister meeting

The Japanese Minister of Finance Taro Aso claimed on Friday that Xiao Jie, his counterpart in China, failed to attend a meeting that was scheduled between Finance ministers of the two countries and Korea due to "policy issues".

Fri, 05 May 2017 08:04:29 GMT

Marks&Spencer appoints new chairman

The British retailer Marks&Spencer has named Archie Norman as the new chairman, the company reported on Friday. His predecessor Robert Swannell retires on 1 September.

Fri, 05 May 2017 08:04:09 GMT

Macron to win French presidency with 62%, poll shows

The latest Elabe poll demonstrates that the French presidential candidate Emmanuel Macron is likely to win the election with 62% of the votes, in comparison to 38% for his opponent Marine Le Pen.

Fri, 05 May 2017 06:58:51 GMT

Economists expect positive US employment data on Friday

According to Reuters, US nonfarm payrolls and wages likely to increase in April, leading to a possible rise in interest rates in the following month. Full employment report at 1230GMT today.

Fri, 05 May 2017 06:58:42 GMT

Asian stocks fall for third consecutive day

Asian stocks traded lower on Friday, responding to concerns about the strength of the global economy. Chinese stocks were leading the fall amid unease over stricter financial regulations and lower oil prices.

Fri, 05 May 2017 06:13:10 GMT

Lippo Group to build $21B centre near Jakarta

Indonesia's Lippo Group reported that it would build a $21B centre near Jakarta that will include shopping centres, luxury hotels and universities.

Fri, 05 May 2017 06:09:33 GMT

ChemChina to acquire Syngenta for $43B

ChemChina has won Syngenta shareholders' approval to acquire the company for $43B, the two firms reported on Friday.

Fri, 05 May 2017 05:15:03 GMT

Malaysian export growth remains strong in March

Malaysian exports climbed 24.1% year-over-year in March, following the prior month's increase of 26.5% and surpassing expectations for a 19.2% rise, data released on Friday showed.

Fri, 05 May 2017 05:11:37 GMT

Japanese inflation to accelerate significantly

On Friday, the Bank of Japan Governor Haruhiko Kuroda expressed confidence that inflation would significantly accelerate amid massive monetary and fiscal stimulus.

Fri, 05 May 2017 04:21:43 GMT

New Zealand businesses lift inflation expectations

According the RBNZ's survey published on Friday, the two-year annualised inflation rate is seen at 2.17%, up from 1.92%.

Fri, 05 May 2017 04:10:52 GMT

Oil prices drop to five-month low amid oversupply concerns

Oil prices dropped to five-month lows during the Asian session on Friday on concerns that the OPEC-led deal to limit production has failed.

Fri, 05 May 2017 03:07:54 GMT

Shanghai launches lottery system to cool housing market

Shanghai's housing regulator is set to launch a lottery system for controlling new homes sales in attempt to cool the market and curb speculation.

Fri, 05 May 2017 03:02:07 GMT

UN Secretary-General encouraged by safe areas agreement for Syria

Antonio Guterres, the UN Secretary-General, is encouraged that an agreement to create safe zones in some areas of war-ravaged Syria was reached, the United Nations said.

Fri, 05 May 2017 02:29:29 GMT

Increasing housing prices in Toronto not sustainable

Growth in home prices in Toronto is forced partly by speculation and is unsustainable, the Bank of Canada Governor Stephen Poloz revealed.

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