News

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Sat, 13 Oct 2018 19:26:19 GMT

Argentina presents new debt reduction measure

The Central Bank of Argentina stated on Friday it would offer a $4.050B peso-denominated short-term debt next Tuesday to reimburse a $6.243B debt in notes.

Sat, 13 Oct 2018 19:20:24 GMT

UAE creates base for sovereign bond market

On Saturday, the United Arab Emirates adopted a law intended to support the establishment of a sovereign bond market, which could be used for trade of public debt instruments.

Sat, 13 Oct 2018 18:08:15 GMT

Uganda praises China's financing

The President of Uganda Yoweri Museveni praised on Saturday China's financing of multiple infrastructure projects in Africa, saying that it would help to increase the continent's welfare.

Sat, 13 Oct 2018 18:03:52 GMT

Draghi calls Italy to "calm down"

On Saturday, the European Central Bank President Mario Draghi urged Italian politicians to "cool down" their budget discussion as it has already caused damages to companies and households.

Sat, 13 Oct 2018 17:15:08 GMT

Russia's industrial zone to appear in Egypt

The Foreign Minister of Russia Sergey Lavrov informed the public on Saturday about beginning of construction of the Russian industrial zone near Egyptian Suez Canal.

Sat, 13 Oct 2018 17:11:01 GMT

Czech Civic Democrats win elections

On Saturday, one of the main Czech opposition parties, the Civic Democrats, won 10 out of 27 seats in the Senate while the country's Prime Minister Andrej Babis's ANO party secured only one.

Sat, 13 Oct 2018 16:00:07 GMT

Russia to continue to work in the field of security with Egypt

The Foreign Minister of Russia Sergey Lavrov stated on Saturday that Russia was determined to continue working closely with Egypt to increase civil aviation security.

Sat, 13 Oct 2018 15:54:18 GMT

UK to keep EU sanctions even after Brexit

The British government stated on Friday that it would continue enforcing economic sanctions imposed by the European Union after Brexit, even in case of no-deal outcome.

Sat, 13 Oct 2018 15:12:38 GMT

Turkey to move CHP shares into Treasury

The President of Turkey Recep Tayyip Erdogan said on Saturday that his AK Party would try to adopt a law allowing transferring shares of the Republican People's Party (CHP) from Isbank into Treasury.

Sat, 13 Oct 2018 15:07:18 GMT

Centre Party refuses to accept Moderates' proposal

The head of Sweden's Centre Party Annie Loof stated on Saturday she would not support a proposal made by Moderates, which presupposes formation of government without all other political parties in its Alliance coalition.

Sat, 13 Oct 2018 14:03:41 GMT

Swedish Liberals refuse to form government with Democrats and Moderates

On Saturday, the leader of Swedish Liberal Party Jan Bjorklund said he would not support the government formed by Christian Democrats and the Moderates.

Sat, 13 Oct 2018 13:58:32 GMT

China gets rid from US bonds

The Finance Ministry of China reported on Friday, it sold $1.5B of 5Y American bonds at 3.25% and $1B of 10Y bonds at 3.5% and $500M of 30Y bonds at 4%.

Sat, 13 Oct 2018 13:12:37 GMT

Fitch says tensions with US did not affect ratings

Credit rating agency Fitch has not changed its stable credit forecast for the Asian region, saying that the current trade tensions with US were not enough to speak about ratings downgrades.

Sat, 13 Oct 2018 13:08:08 GMT

China to maintain stable value of yuan

The People's Bank of China Governor Yi Gang promised on Saturday to ensure and maintain "broadly stable" value of its national currency.

Sat, 13 Oct 2018 12:28:36 GMT

StanChart "actively working" on PT Bank Permata's stake

Standard Chartered's CEO Bill Winters stated that the British lender was "actively working" on various options for its Indonesian bank Permata on the back of speculations that its ownership structure might be changed.

Sat, 13 Oct 2018 12:22:05 GMT

China's Shenzhen to provide listed firms with liquidity support

China's Shenzhen city government is planning to provide a liquidity support, worth billions of yuan, to listed companies, as it seeks to lower the pressure from forced liquidations due to a downturn.

Sat, 13 Oct 2018 11:36:34 GMT

ST Engineering gets $5.5M Singapore contract for smart lamp-posts tests

ST Engineering has been granted with a $5.5M Singapore contract to test the smart lamp-post project that includes fitting cameras and sensors to the city-state posts.

Sat, 13 Oct 2018 11:33:06 GMT

Alibaba's Jack Ma plans institute opening for tech entrepreneurs

On Saturday, Alibaba Group Holding's executive chairman Jack Ma stated he was seeking to establish an institute for thousands of technology entrepreneurs in Indonesia, as he has become the government's adviser on e-commerce.

Sat, 13 Oct 2018 10:31:05 GMT

China's Icicle acquires French couture house Carven

China's high-end retailer Icicle Fashion Group has acquired France's label Carven, saving the brand from bankruptcy and planning to revive the couture house, it stated on Friday.

Sat, 13 Oct 2018 10:27:44 GMT

Sears plans 150 store shutdown amid bankruptcy

Sears Holding is planning to shut down about 150 of its discount and department stores, keeping up to 300 stores open amid its restructuring plan under the US bankruptcy protection.

Sat, 13 Oct 2018 09:37:36 GMT

RWE may phase out mining jobs as court delays expansion plan

Germany's utility RWE may cut mining jobs at the Hambach site, after a court has delayed the plan for mine expansion by clearing ancient forest, utility's CEO stated on Saturday.

Sat, 13 Oct 2018 09:36:05 GMT

Australia's delivery of F-35 jets still on track

On Saturday, Australia's Defence Force stated that its F-35 jet deliveries from the United States were not disrupted, despite a crash that took place in September.

Sat, 13 Oct 2018 08:25:17 GMT

Bundesbank head sees less chances for US-China trade war to escalate

On Saturday, the President of Germany's Bundesbank Jens Weidmann stated he thought there were little chances that the trade war between the United States and China would escalate.

Sat, 13 Oct 2018 08:23:00 GMT

Ceconomy's CEO resigns amid profit warnings

The EU largest consumer electronics retailer Ceconomy stated on Saturday that its Chief Executive Officer would quit with immediate effect after the company's shares plunge on the back of profit warnings.

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