News

Note: This section contains information in English only.
Mon, 23 Sep 2019 12:41:35 GMT

Czech central bank holds rates unchanged

On Monday, a Reuters poll revealed that the Czech National Bank would most likely keep interest rates unchanged until the end of 2020.

Mon, 23 Sep 2019 11:44:22 GMT

Hyundai and Aptiv set up joint venture

Hyundai Motor Group and Aptiv announced on Monday a four billion US Dollar joint venture that would develop self-driving automobiles.

Mon, 23 Sep 2019 10:42:04 GMT

European assets drop

On Monday, worse than expected results of the European Markit PMI surveys caused a sell off of the Euro, European stocks and other assets.

Mon, 23 Sep 2019 09:54:00 GMT

Oil continues to surge

On Monday, crude oil price benchmarks continued to surge, as prices reached above $64 per barrel. The surge was caused by doubts that Saudi Arabia could restore its output.

Mon, 23 Sep 2019 08:56:12 GMT

US aims to avoid war with Iran

Mike Pompeo, the US Secretary of State, said on Sunday that the United States mission is to avoid war with Iran, but added that President Donald Trump would take action if deterrence measures fail.

Mon, 23 Sep 2019 08:01:14 GMT

Oil CEOs plan to promote investments in carbon capture

On Monday, a group of thirteen major oil firms pushed for a plan to increase investment in carbon-capture ahead of climate discussions at the UN General Assembly in New York.

Mon, 23 Sep 2019 06:53:29 GMT

Johnson asks if Thomas Cook's bosses properly encouraged

Boris Johnson, the UK Prime Minister, asked whether the bosses of companies like the collapsed travel firm Thomas Cook was properly motivated to avoid bankruptcy.

Mon, 23 Sep 2019 06:08:44 GMT

Johnson caution against expectation of Brexit breakthrough in NY

On Monday, the UK Prime Minister Boris Johnson warned against the expectation of making the Brexit breakthrough at discussions on the sidelines of the UN General Assembly in New York.

Mon, 23 Sep 2019 04:50:06 GMT

UK travel firm Thomas Cook collapses on Monday

Britain's Thomas Cook, the world's oldest travel company, has collapsed on Monday, hitting thousands of its customers around the globe and the whole travel sector, as the company ran hotels, resorts and airlines in 16 countries for 19M people a year.

Mon, 23 Sep 2019 04:31:01 GMT

Asian shares slide amid geopolitical tensions, oil climbs 1%

On Monday, the Asian share markets dipped amid lack of clarity on the US-China trade talks, while oil rose over 1%, as tensions in the Middle East remained elevated.

Mon, 23 Sep 2019 03:38:49 GMT

DB sees windfall from package on climate change

Germany's Deutsche Bahn anticipated the government's €50B climate change package to encourage the railway company's largest expansion spurt in its history, the firm's boss stated.

Mon, 23 Sep 2019 02:30:44 GMT

UK to create clean energy technology fund

The UK is set to create a $1.25B fund for scientists over the world to test and create new technology to assist developing countries in reduction of carbon emissions.

Sun, 22 Sep 2019 20:03:25 GMT

China approves new IPOs

The China Securities Regulatory Commission has approved initial public offerings of Bafang Electric, Cosonic Acoustic Technology and Zhejiang Meorient.

Sun, 22 Sep 2019 19:00:58 GMT

China UnionPay targets majority of Finnish merchants in 2020

China UnionPay, the largest card payment organisation in the world, plans to offer services to 70% merchants in Finland by the end of 2020, the President of China UnionPay Shi Wenchao says.

Sun, 22 Sep 2019 18:01:06 GMT

Macao inflation rises

Macao's inflation increased 2.83% in August, compared to the same period the prior year, a report published by the Statistics and Census Service shows.

Sun, 22 Sep 2019 17:00:41 GMT

Moody's modifies Cyprus outlook

Moody's has adjusted the outlook on Cyprus from stable to positive Ba2, a statement published by the Moody's Investors Service shows.

Sun, 22 Sep 2019 16:37:54 GMT

AIIB to invest $1.09B in ASEAN

The Asian Infrastructure Investment Bank plans to invest $1.09B in different projects in countries of the Association of Southeast Asian Nations, the AIIB President Jin Liqun says.

Sun, 22 Sep 2019 15:15:19 GMT

Iran ready to transit gas to Europe

Iran is in discussions with the European Union to deliver natural gas to Europe through a pipeline from Turkey, the CEO of National Iranian Gas Company Hassan Montazer-Torbati says.

Sun, 22 Sep 2019 13:45:33 GMT

SoftBank considers bringing 40 firms to Brazil

Japan's SoftBank Group is exploring an opportunity to bring around 40 firms with a potential of high growth to Brazil, seeking to announce a big investment in the Latin American country in about two weeks' time.

Sun, 22 Sep 2019 13:31:12 GMT

Huawei to tie up with China Mobile in bid for Brazil's Oi

Huawei Technologies, China's telecoms equipment maker, is teaming up with China Mobile, seeking to enter a dispute to acquire Oi SA, the struggling Brazilian carrier, as it tries to expand its footprint in the Latin America's biggest market.

Sun, 22 Sep 2019 12:35:32 GMT

Brookfield, Dubai's Meraas form $1.4B retail JV

Dubai's Meraas Holding and Brookfield Asset Management have agreed to establish a joint venture worth $1.4B, seeking to operate Meraas' retail assets, including Dubai sites City Walk, The Beach and La Mer.

Sun, 22 Sep 2019 11:30:54 GMT

Hedge fund Elliott may attract $5B in new funding

Elliott Management Corp, the US hedge fund, could attract $5B in a new round of funding to establish a war-chest for cheaper assets amid its preparations for a market downturn, according to the Financial Times.

Sun, 22 Sep 2019 10:21:39 GMT

Vasle stresses need to take more action

Bostjan Vasle, a member of the ECB Governing Council, highlighted on Sunday the complexity of the situation in the global economy and noted that the ECB would be required to take more action in coming years.

Sun, 22 Sep 2019 09:12:59 GMT

XL Airways tries to make a deal with Air France

The French budget airline XL Airways has approached Air France in an attempt to conclude a deal that would save the company from a bankruptcy.

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