News

Note: This section contains information in English only.
Mon, 24 Feb 2020 02:51:32 GMT

China to step up policy adjustments

The Chinese President Xi Jinping said on Sunday that the government would step up its policy support to help achieve economic and social development targets for 2020.

Sun, 23 Feb 2020 20:49:29 GMT

Mnuchin comments on coronavirus

On Sunday, the US Treasury Secretary Steven Mnuching stated that central bankers would look at options to respond to the impact of the coronavirus.

Sun, 23 Feb 2020 19:41:22 GMT

Bank of Japan addresses coronavirus

The Bank of Japan Governor Haruhiko Kuroda on Sunday stated that the central bank is ready to address any impact of the coronavirus.

Sun, 23 Feb 2020 19:31:54 GMT

Buffet comments on acquisitions

On Sunday, Warren Buffet commented on Berkshire Hathaway acquisition of Apple stock, as the company has not made any large purchases during the last four years.

Sun, 23 Feb 2020 17:41:07 GMT

Japan criticizes US tax

Finance Minister of Japan Taro Aso stated on Sunday that a proposed US tax could slow down progress on a global solution for taxing digital companies.

Sun, 23 Feb 2020 16:50:49 GMT

Sanders tightens grip on nomination

On Sunday, Bernie Sanders won the Nevada Democratic vote, which tightened his grip on the Democratic Presidential Candidate status.

Sun, 23 Feb 2020 16:28:38 GMT

French Finance Minister comments on coronavirus

The Finance Minister of the French Republic stated on Sunday that the country should make more goods that are needed for handling an epidemic.

Sun, 23 Feb 2020 14:44:25 GMT

Turkey shuts border with Iran

On Sunday, the Turkish government closed down its border with Iran to contain the spread of the coronavirus.

Sun, 23 Feb 2020 13:56:53 GMT

China prepares for economic hit

The President of China Xi Jinping announced on Sunday that China is preparing to cushion an economic decline, which would be caused by the coronavirus.

Sun, 23 Feb 2020 13:18:45 GMT

French PM trial starts

On Sunday, the former Prime Minister of France Francois Fillon stood before trial over the fake jobs scandal of 2017.

Sun, 23 Feb 2020 12:00:52 GMT

Beijing to spend $39B on infrastructure, housing

The Chinese capital plans to spend around $35.9B on infrastructure, household and high-tech industrial projects, a statement from Beijing's development and reform commission shows.

Sun, 23 Feb 2020 11:01:33 GMT

Qatari Emir to visit Jordan

Qatari Emir Sheikh Tamim bin Hamad Al Thani will visit Jordan to meet with the King Abdullah II of Jordan to discuss bilateral ties between the two countries.

Sun, 23 Feb 2020 10:03:17 GMT

IMF: China economy to normalize in Q2

The Chinese economy is widely expected to "return to normal in the second quarter" of the current year, the International Monetary Fund Managing Director Kristalina Georgieva says.

Sun, 23 Feb 2020 09:22:40 GMT

Argentina, IMF discuss debt agreement

The International Monetary Fund and Argentina have made progress in talks about restructuring the country's debt, a statement published by the Ministry of the Treasury of Argentina shows.

Sun, 23 Feb 2020 05:30:29 GMT

Saudi GDP likely to uptick this year

The economic growth of Saudi Arabia is expected to see an uptick in 2020, supported by the non-oil economy, the Central Bank's Governor stated.

Sun, 23 Feb 2020 04:32:22 GMT

IMF aks Colombia to narrow fiscal adjustment

The International Monetary Fund urged Colombia for more durable fiscal adjustments in order to meet its financial targets, adding that its Central Bank should rise reserves.

Sat, 22 Feb 2020 23:31:29 GMT

Norway, Cyprus to sign MoU over energy cooperation

Norway and Cyprus were ready to ink a memorandum of understanding over exchanging their know-how related to energy issues, the CNA reported.

Sat, 22 Feb 2020 21:03:44 GMT

Airbus reports net loss in 2019

France based European plane producer Airbus announced a net loss of $1.47 in 2019 after paying billions of euros to settle a bribery case related to aircraft sales.

Sat, 22 Feb 2020 20:00:35 GMT

World Bank: India must spend $11B on roads

India needs to spend around $11B yearly to improve road infrastructure, a statement published by the World Bank shows.

Sat, 22 Feb 2020 18:54:49 GMT

Allianz reports increase in operating profit

The German insurance giant Allianz reported a record high operating profit of 11.9B in 2019, an increase of 3% from the prior year, a statement from the company shows.

Sat, 22 Feb 2020 18:00:21 GMT

German tax revenues rise in January

Tax revenues in Germany increased by 7.7% in January, compared to the same period the previous year, the Ministry of Finance reports.

Sat, 22 Feb 2020 17:11:40 GMT

US existing home sales decline

US existing home sales declined 1.3% in January from the previous month, a statement from the National Association of Realtors shows.

Sat, 22 Feb 2020 15:58:53 GMT

Moody's downgrades Lebanon credit rating

Moody's downgraded Lebanon's credit rating to Ca from Caa2 amid concerns over possible debt restructuring, a statement published by the company shows.

Sat, 22 Feb 2020 15:00:13 GMT

Saudi Arabia to invest $110B in development of gas field

Saudi Arabia plans the development of the Al-Jafoura gas field with a total investment of $110B, the Saudi Press Agency reports.

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