News

Note: This section contains information in English only.
Sun, 19 Jul 2020 05:01:10 GMT

Dutch welcomes new proposals on EU stimulus fund

On Saturday, the Netherlands welcomed new ideas on the EU's coronavirus economic recovery fund stimulus package.

Sun, 19 Jul 2020 04:14:04 GMT

Indonesia increases tax incentives

The Indonesian government has raised tax incentives for companies to curb the economic impact of the COVID-19 pandemic crisis.

Sun, 19 Jul 2020 03:00:49 GMT

Iranian Rial hits record low

On Saturday, Iran's Rial slumped to a new record low against the US Dollar on the black market. The Iranian currency has lost almost 48% of its value in 2020.

Sun, 19 Jul 2020 02:05:12 GMT

Kurz says EU talks moving in right direction

On Saturday, Sebastian Kurz, the Austrian Chancellor, said that the new proposals on the EU's coronavirus economic recovery fund were moving in the right direction.

Sat, 18 Jul 2020 20:24:22 GMT

Government evaluates Air Algerie losses

The Alregian government stated on Saturday that Air Algerie's losses caused by the coronavirus pandemic could reached $272M by the end of the year.

Sat, 18 Jul 2020 19:35:33 GMT

G20 to solve big tech taxation problem

On Saturday, G20 officials pledged to overcome differences associated with taxation of big tech companies.

Sat, 18 Jul 2020 18:34:09 GMT

G20 officials hold virtual meeting

On Saturday, the finance ministers of the G20 had a meeting during the which they confirmed readiness to continue working together to bolster world economy.

Sat, 18 Jul 2020 17:27:39 GMT

Kuwait says its currency remains strong

The Central Bank of Kuwait stated on Saturday that the country's currency remained strong and stable despite hospitalization of 91-year-old emir.

Sat, 18 Jul 2020 16:41:09 GMT

Austria says EU talks move in right direction

The Austrian Prime Chancellor Sebastian Kurz stated on Saturday that discussions over the EU stimulus fund were a step in the right direction, though not as easy as expected.

Sat, 18 Jul 2020 15:34:51 GMT

Germany to help poor countries

The German Finance Ministry promised on Saturday to donate €3B to the IMF fund that would issue long term loans to poor countries.

Sat, 18 Jul 2020 14:33:57 GMT

Biden wants more funding for education

The US presidential candidate Joe Biden stated on Friday that more funds were needed to educate pupils safely during the coronavirus pandemic.

Sat, 18 Jul 2020 13:31:32 GMT

Indonesia increases tax incentives

The Indonesian government decided on Saturday to boost tax incentives for companies in an attempt to contain the impact from the coronavirus pandemic.

Sat, 18 Jul 2020 12:36:32 GMT

Netherlands welcome EU recovery proposals

The Dutch Prime Minister Mark Rutte welcomed on Saturday economic recovery ideas proposed by the European Union, though the deal finalization remained far from complete.

Sat, 18 Jul 2020 11:19:43 GMT

Delta tries to avoid pilot furloughs

According to a memo prepared by Delta Air Lines, the company is ready to avoid furloughs if pilots agreed to lower guaranteed minimum pay.

Sat, 18 Jul 2020 10:35:42 GMT

China's CSRC calls companies to merge

On Saturday, the China Securities Regulatory Commission (CSRC) called mutual funds and brokerage houses to merge.

Sat, 18 Jul 2020 09:34:41 GMT

China increases equity investment cap

The China Banking and Insurance Regulatory Commission announced on Friday that the country's insurers could invest up to 45% of their assets.

Sat, 18 Jul 2020 08:35:15 GMT

Netherlands hold talks with EU

On Saturday, the Dutch Prime Minister Mark Rutte participated in negotiations with the European Union over $856B recovery fund.

Sat, 18 Jul 2020 07:04:57 GMT

Panasonic to pursue digital transformation

The Japanese electronics corporation is looking forward to focusing on the subscription-based revenue model and invests $800M in the US software provider Blue Yonder.

Sat, 18 Jul 2020 06:24:25 GMT

IMF suggests US to decree new stimulus

The IMF urged the US to take immediate measures regarding the implementation of new financial relief programs to help rebound the coronavirus-struck economy.

Sat, 18 Jul 2020 05:00:56 GMT

US consumer sentiment stepped lower in July

According to the latest data, the University of Michigan's consumer sentiment index declined to 73.2 points in July, despite the forecasted 79 points.

Sat, 18 Jul 2020 04:31:30 GMT

EU talks on stimulus plan stalled

The EU leaders failed to find common ground during the Friday summit on the COVID-19 recovery plan and its next multi-year budget, the negotiations will continue.

Fri, 17 Jul 2020 19:42:53 GMT

Morgan Stanley, USB to lead Vodafone Tower's IPO

UBS and Morgan Stanley are likely to lead the initial public offering of the Vodafone's EU towers unit, in a deal with potential valuation of up to €16B, according to Reuters.

Fri, 17 Jul 2020 18:51:32 GMT

Thyssenkrupp to consider options to boost finances

Thyssenkrupp is considering further options to boost its finances, which had been hit hard by the coronavirus crisis, the conglomerate's management stated on Friday.

Fri, 17 Jul 2020 17:42:05 GMT

Italy to list Autostrade by 2021

Italy's government is planning an Autostrade per l'Italia listing by early 2021 after forcing via an agreement to take control over Atlantia's motorway business, Reuters reported on Friday.

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