News

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Thu, 20 Apr 2017 02:55:19 GMT

NZ inflation accelerates strongly in Q1

New Zealand's inflation rose surprisingly to a five-year high of 2.2% in Q1, mainly driven by higher food and oil prices and a tax rise on tobacco and alcohol.

Thu, 20 Apr 2017 02:26:23 GMT

Japan's exports grow 12% in March

Japan's exports rose 12% in March, the fastest increase in nearly two years, due to expansion in shipment of steel and car parts, which is set to boost the country's slow economic growth.

Thu, 20 Apr 2017 02:14:33 GMT

Refugees crossing into Canada rise with warmer weather

The Government data showed that 887 asylum seekers were caught as they were illegally crossing into Canada from the US in March, nearly triple the amount in January.

Wed, 19 Apr 2017 20:09:52 GMT

FED to shed bond holdings to keep interest rate hike

According to Boston Fed President Rosengren, the US Fed should gradually shed its bond holdings as soon as possible to keep the planned interest rate hikes. 

Wed, 19 Apr 2017 20:08:11 GMT

US money market fund assets drop this week

According to iMoneyNet, the US taxable money market fund assets inched $9.59B lower to $2.476T this week, while tax-free money market assets dipped $1.19B to $129.15B.

Wed, 19 Apr 2017 19:10:15 GMT

Amazon presents voice-powered technology

Amazon.com Inc presented a technology powering Alexa, analogue to Apple's Siri, a voice assistant that would allow people to control software using only their voice. 

Wed, 19 Apr 2017 19:09:20 GMT

Erdogan promises to reinstate death penalty

Immediately after winning the latest referendum Turkey's President Erdogan promised to restore the death penalty, a reform that was abolished 15 years ago to join the EU.

Wed, 19 Apr 2017 18:16:19 GMT

South Africa's credit rating downgrades amid political uncertainty

According to S&P Global Ratings, South African credit rating could downgrade even further due to political uncertainty that has been triggered by the dismissal of Finance Minister.

Wed, 19 Apr 2017 18:08:09 GMT

US FIO to study insurance departments' budgets

According to a bipartisan policy group, the US FIO would investigate how much money state insurance departments have received from their recommend appropriate levels and legislatures.

Wed, 19 Apr 2017 16:56:31 GMT

House Oversight Chairman to leave Congress next year

Jason Chaffetz, the Chairman of the House Oversight and Government Reform Committee, reported on Wednesday that he would not run for re-election next year.

Wed, 19 Apr 2017 16:55:32 GMT

Oil prices drop following weak EIA data

Oil prices fell on Wednesday after the EIA Weekly Petroleum Status Report showed a smaller-than-expected drop in US crude oil inventories and higher oil production.

Wed, 19 Apr 2017 16:27:24 GMT

PPG Industries win support from Elliott Advisors

Pittsburg's PPG Industries turned down the proposal of Denmark's Akzo Nobel on Wednesday and won support from Elliott Advisors, the British arm of New York hedge fund Elliott Management.

Wed, 19 Apr 2017 16:26:32 GMT

Turkey's opposition party leaves parliament

The Republican People's Party, Turkey's centre-right main opposition party, announced its withdrawal from the parliament amid the Sunday referendum results, local media reported on Wednesday.

Wed, 19 Apr 2017 15:02:18 GMT

AfD party leader refuses to support anti-immigration campaign

The leader of the far-Right Alternative for Germany party Frauke Petry said on Wednesday that she would not support the anti-immigration party's campaign ahead of the September 24 federal election.

Wed, 19 Apr 2017 15:00:20 GMT

Trump's tax cuts to lead to harmful risk-taking

On Wednesday, the IMF said that Donald Trump's potential tax cuts and changes to financial regulations would lead to risk-taking behaviour, which played a critical role in the global financial crisis.

Wed, 19 Apr 2017 14:32:05 GMT

OPEC to meet non-OPEC members on May 25

The Organization of Petroleum Exporting Countries said on Wednesday it would meet with non-OPEC countries at its next conference on May 25.

Wed, 19 Apr 2017 14:26:40 GMT

Abu Dhabi Crown Prince to meet Putin on Thursday

According to the Kremlin, the Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed al-Nahyan is eager to meet the Russian President Vladimir Putin on April 20 amid talks on international terrorism fighting.

Wed, 19 Apr 2017 13:21:01 GMT

Ex-British Finance Minister to resign at June election

On Wednesday, the former UK Minister of Finance George Osborne announced about his resignation from the Parliament's post at the country's June election, promising to stay active in the debate over Britain's future.

Wed, 19 Apr 2017 12:32:08 GMT

Washington to work with allies to bring pressure on North Korea

The US Vice President Mike Pence stated that Washington would cooperate with all its allies with intention to put diplomatic and economic pressure on North Korea, adding the US would be ready to defeat any attack.

Wed, 19 Apr 2017 11:58:57 GMT

Baidu to present autonomous car technology

On Tuesday, Baidu announced it was eager to launch its Apollo project's autonomous vehicle technology for restricted area in July, saying the company was seeking cooperation with vehicle and sensor manufacturers.

Wed, 19 Apr 2017 10:52:15 GMT

European car sales rise 10.9% in March

On Wednesday, the industry data showed that the European car sales climbed 10.9% in March following the high demand in Europe's top vehicle markets and surging gains for Fiat Chrysler, Toyota and Nissan.

Wed, 19 Apr 2017 10:52:02 GMT

UK early election not to have impact on Brexit talks

According to the German Chancellor Angela Merkel's statement, the scheduled early British election triggered by the PM Theresa May would not affect the planned negotiations on Brexit.

Wed, 19 Apr 2017 10:09:22 GMT

Maserati expects sales increase in China

The premium Maserati brand of the Fiat Chrysler group is expecting a rise in sales in China. Namely, a 47% increase this year is forecasted.

Wed, 19 Apr 2017 10:08:31 GMT

May considers elections as a boost to EU talks

The Prime Minister of the United Kingdom Theresa May on Wednesday announced that the early elections will strengthen her positions at the Britain's talks with the EU.

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