News

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Fri, 03 Feb 2017 08:20:32 GMT

Tigerair cancels all flights between Australia and Bali

Low-cost airline Tigerair has cancelled all its flights between Australia and Bali after Indonesian authorities obliged the company to transfer to a new operating model.

Fri, 03 Feb 2017 07:46:50 GMT

Fiji deports Iranian refugee to PNG

An Iranian refugee who fled to Fiji from Papua New Guinea using false documents to seek asylum was deported back to PNG.

Fri, 03 Feb 2017 07:25:24 GMT

Amazon shares drop 4.3% after revenue miss

Amazon's shares slid more than 4% to $803.45 apiece after the company announced revenue for the Q4 of 2016 that missed analysts' expectations.

Fri, 03 Feb 2017 07:05:15 GMT

Swatch expects "healthy growth" after profit plunges 47%

Swatch Group is expecting a return to "healthy growth" for 2017 after net profit slumped 47% to 593M Swiss francs in 2016.

Fri, 03 Feb 2017 06:20:39 GMT

UK supermarkets introduce rationing over vegetable shortage

As Spanish crops were hit by flooding and cold weather, the UK Tesco and Morrisons decided to introduce buying limits to avoid running out of certain products.

Fri, 03 Feb 2017 05:51:40 GMT

Philippines to close 23 mines

The country's Environment and Natural Resources department ordered the closure of mines that were found to contaminate watersheds. The decision is said to affect 1.2M people.

Fri, 03 Feb 2017 05:28:00 GMT

China tightens monetary policy

On its first post-holiday working day the country's central bank raised the seven-, 14- and 28-day repo rates by 10 basis points and reportedly increased the SLF rate to 3.1%.

Fri, 03 Feb 2017 05:06:54 GMT

Snapchat's parent company files for IPO

In its filing Snap sought to raise $3B, but cautioned that it expected to continue to post operating losses and that majority of voting stock would remain with its co-founders.

Thu, 02 Feb 2017 22:44:09 GMT

Trump's comments drive stock and forex markets

On Thursday, the US stocks closed lower and the US Dollar index partially recovered from its two-month low, amid President Trump's comments about replacing the NAFTA.

Thu, 02 Feb 2017 22:33:05 GMT

New US sanctions on Iran inbound

Due to Iran's recent ballistic missile test, the US is anticipated to sanction several Iranian entities by Saturday without violating the 2015 nuclear deal, an anonymous source reported on Thursday.

Thu, 02 Feb 2017 21:35:16 GMT

Scottish parliament holds its own vote on Brexit triggering

Scottish parliament decided to vote on the Article 50 triggering that would formally launch the process of Brexit, even if the vote is not required.

Thu, 02 Feb 2017 21:35:07 GMT

Trump wants to speed up NAFTA talks

The US President Donald Trump revealed a desire to speed up talks for a new trade deal with Mexico and Canada.

Thu, 02 Feb 2017 20:23:17 GMT

Eleven die in Iraqi during air strikes

Eleven people died in four separate air strikes by the US-led coalition fighting against Islamic State in Iraq and Syria between October 25 and December 9.

Thu, 02 Feb 2017 20:23:08 GMT

Romanian minister resigns after huge anti-graft protest

A Romanian minister resigned after hundreds of thousands of anti-corruption demonstrators took to the streets in the biggest mass protest in Romania since the fall of communism.

Thu, 02 Feb 2017 16:46:01 GMT

Samsung to build US manufacturing base

The South Korean tech giant Samsung Electronics is about to build a plant for consumer appliances in the US as a response to Donald Trump's imports reproval.

Thu, 02 Feb 2017 15:21:08 GMT

Nokia exceeds Q4 revenue expectations

Nokia posted strong quarterly results showing its profits declined less than analysts expected due to Alcatel-Lucent purchase and expense curb.

Thu, 02 Feb 2017 14:04:16 GMT

Oil more expensive as OPEC output falls

On Thursday, prices for oil edged up, amid news of OPEC cutting production outweighing an increase in US crude stocks.

Thu, 02 Feb 2017 14:03:57 GMT

Protests in Romania cause business minister to resign

On Thursday, due to a a swiftly adopted government order in Romania that could amnesty a number of officials accused of corruption, led to the country's largest protest since 1989, causing Florin Jianu, minister of business, to resign.

Thu, 02 Feb 2017 13:51:39 GMT

Raid kills 30 civilians in Yemen

At least 30 civilians, including 10 children and women, were killed in the US President Donald Trump's first raid in Yemen.

Thu, 02 Feb 2017 13:31:29 GMT

Fed rate hike uncertainty leads to stock futures decline

The Federal Reserve's inability to provide any clues concerning the interest rate hikes this year during its meeting on Wednesday lead to a drop in the US stock index futures on Thursday.

Thu, 02 Feb 2017 13:31:13 GMT

BoE leaves rates steady, positive on growth

Earlier today the Bank of England was reluctant to make any interest rate changes while the UK economy adjusts to Brexit, also providing a rather upbeat outlook towards the economic situation in 2017.

Thu, 02 Feb 2017 13:03:00 GMT

Protests in Romania cause business minister to resign

On Thursday, due to a a swiftly adopted government order in Romania that could amnesty a number of officials accused of corruption, led to the country's largest protest since 1989, causing Florin Jianu, minister of business, to resign.

Thu, 02 Feb 2017 13:02:45 GMT

Oil more expensive as OPEC output falls

On Thursday, prices for oil edged up, amid news of OPEC cutting production outweighing an increase in US crude stocks.

Thu, 02 Feb 2017 12:01:25 GMT

Syrian army to keep pressing on against ISIL near al-Bab

On Thursday, the Syrian army declared its intention to keep advancing against ISIL to the city of al-Bab in order to get ahead of a separate military group, backed by Turkey, which also seeks to take hold of al-Bab.

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