News

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Sat, 05 Jan 2019 12:30:48 GMT

Canada's unemployment rate at 5.6% in December

The Canadian jobless rate stood at 5.6% in the month of December with an increase of 9.3K net new positions, Statistics Canada reported.

Sat, 05 Jan 2019 12:28:02 GMT

Huawei, Samsung supply main part of own modem chips

The two biggest smartphone makers supply the majority of the firms' own modem chips to help devices connect to wireless networks, Qualcomm stated.

Sat, 05 Jan 2019 11:36:25 GMT

China's house price increases no longer certain

The growth tendency in property prices in China was no more a certainty as state housing values' controls come into effect, the report stated.

Sat, 05 Jan 2019 11:31:06 GMT

Ford recalls 953K vehicles for inflator risk

The US automaker Ford announced the decision to recall nearly 953K vehicles worldwide, as some Takata air bag inflators could explode.

Sat, 05 Jan 2019 10:24:48 GMT

German jobless rate at record low in 2018

Germany's unemployment rate dropped to its record low in 2018, while the number of jobless people declined more than anticipated, the BA report showed.

Sat, 05 Jan 2019 09:07:06 GMT

Keiko Fujimori to remain in prison

On Saturday, the Second Criminal Appeals Chamber of Peru rejected a release appeal submitted by the country's Popular Force party leader Keiko Fujimori.

Sat, 05 Jan 2019 09:03:22 GMT

Bolsonaro questions Embraer-Boeing deal

The President of Brazil Jair Bolsonaro on Saturday questioned the prospects of merger between American Boeing and domestic plane producer Embraer.

Sat, 05 Jan 2019 08:34:16 GMT

Taiwan urged to defend democracy

The President of Taiwan Tsai Ing-wen on Saturday called international community to help defending the country's democracy amid increasing threat from China.

Sat, 05 Jan 2019 08:30:21 GMT

Iran finds alternative oil buyers

A senior Iranian energy official stated on Saturday that the government managed to find new oil purchasers despite American sanctions.

Fri, 04 Jan 2019 21:18:51 GMT

FDI in Mongolia rises rapidly

Foreign investors contributed $1.5B to the Mongolian economy in the first 11 months of 2018, an increase of 25.6% from 2017, the Finance Ministry says.

Fri, 04 Jan 2019 21:18:09 GMT

Iraq confirms compliance with OPEC agreement

Iraq is fully committed to the OPEC production cutoff agreement which is enforced from the beginning of 2019, the Iraqi Oil Minister Thamir al-Ghadhban says.

Fri, 04 Jan 2019 20:13:12 GMT

Sri Lanka wants $3B of FDI in 2019

Sri Lanka plans to attract $3B of foreign direct investment in 2019, the Development Strategies and International Trade Minister Malik Samarawickrama says.

Fri, 04 Jan 2019 20:12:33 GMT

Mexico suspends construction of airport in Texcoco

The Mexican government suspended the construction work of new major airport in Texcoco worth $13.3B, the Transport Minister Javier Jimenez Espriu says.

Fri, 04 Jan 2019 19:36:35 GMT

Number of tourists in Kenya rises in 2018

The number of tourists who visited Kenya increased 7.5% in the first nine months of 2018, compared to the same period the previous year, the Kenya Tourism Board reports.

Fri, 04 Jan 2019 19:35:59 GMT

UK services PMI points at sluggish economy

The IHS Markit/CIPS purchasing managers' index increased slightly to 51.2 in December from a 28-month low of 50.4 in November, a report shows.

Fri, 04 Jan 2019 18:08:21 GMT

Putin, Netanyahu agree on better coordination in Syria

The Russian President Vladimir Putin and the Israeli Prime Minister Benjamin Netanyahu agreed to improve coordination in Syria, the Kremlin reports.

Fri, 04 Jan 2019 18:07:39 GMT

Tunisia, France sign $136M cooperation deal

Tunisia and France signed a $136M bilateral cooperation deal on electricity distribution, the Director of French Agency for Development in Tunisia Gilles Chausse says.

Fri, 04 Jan 2019 17:06:31 GMT

World stock markets rally on strong US jobs report

On Friday, global equity markets edged higher after stronger-than-expected US employment data report eased some economic fears.

Fri, 04 Jan 2019 17:02:05 GMT

US Department of Agriculture to delay key reports due to shutdown

On Friday, the USDA agency said that it would delay some key US agriculture reports due to the ongoing government shutdown.

Fri, 04 Jan 2019 16:22:42 GMT

US and China officials to hold trade talks in Beijing next week

The United States and China representatives will meet on Monday and Tuesday in Beijing to discussion trade, as both countries are under pressure to end the trade war.

Fri, 04 Jan 2019 16:09:29 GMT

Powell threatens not to resign if asked

On Friday, the US Federal Reserve Chairman Jerome Powell said that he would not resign from his position even if the US President Donald Trump asked him to do so.

Fri, 04 Jan 2019 15:33:12 GMT

Euro zone inflation slows below forecasts in December

Euro zone's inflation eased to 1.6% in December below the forecasts, moving away from the ECB target of 1.8%, a report on preliminary estimates showed on Friday.

Fri, 04 Jan 2019 15:23:27 GMT

Sinochem's tech platform cuts job amid poor reception

China Sinochem's energy platform is planning to cut 200 of their job positions due to poor reception from the chemical and petroleum market, after already slashing over 300 jobs in the end of November 2018.

Fri, 04 Jan 2019 13:25:26 GMT

Ex-Barclays heads to face trial in London over Qatar's cash call

The former Barclays bosses are facing criminal charges at the London trial over deals with Qatar's investors to secure injections of cash allowed by the bank during the 2008 financial crisis.

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