News

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Mon, 12 Mar 2018 05:02:36 GMT

Australian exports to benefit from US tariff exemptions

On Monday, Australia's steel and aluminium producers stated that the country's exports would benefit from US tariff exemptions.

Mon, 12 Mar 2018 05:02:25 GMT

Pinera promises to combat Chile's economic stagnation

At his inauguration ceremony, the newly-elected Chilean President Sebastian Pinera promised to put an end to the state's economic "stagnation".

Mon, 12 Mar 2018 04:30:06 GMT

No-deal Brexit to cost EU, UK firms £58B

Companies in the UK and EU would face an extra £58B in yearly costs in case of no-deal Brexit, as the British vast financial sector is likely to be the heaviest-hit industry.

Mon, 12 Mar 2018 04:29:18 GMT

Deutsche Bank to pay €2B in bonuses for last year

Deustche Bank stated that the 2017 bonus pool is expected to be above €2B, as being the loss-making bank it seeks to keep staff during the main overhaul.

Mon, 12 Mar 2018 02:58:16 GMT

Japanese manufacturing activity worsens in Q1 2018

Japan's Ministry of Finance reported that its BSI Manufacturing Index dropped to 2.9 in the Q1 of 2018 from the prior quarter's 9.7, while analysts anticipated an increase to 10.3.

Mon, 12 Mar 2018 02:57:18 GMT

Trump may pick ex-Microsoft CFO as his next top economic adviser

Official sources reported that Chris Liddell, the former CFO at Microsoft, could become the US President Donald Trump's top economic adviser.

Sun, 11 Mar 2018 21:01:16 GMT

Hong Kong Democrats hope to gain lost ground in by-election

In the wake of China's decision to grant the President the right to stay in power indefinitely, Hong Kong's Democrats are concerned about recapturing some of the lost seats in today's by-election.

Sun, 11 Mar 2018 21:00:48 GMT

Iran's Zanganeh: OPEC might start easing oil output curbs in 2019

The WSJ reported that according to Iran's Oil Minister Bijan Zanganeh, the OPEC might agree to start easing oil output cuts as soon as 2019.

Sun, 11 Mar 2018 20:16:40 GMT

VBS Mutual Bank placed under control of South African CB

The Governor of the South African Reserve Bank Lesetja Kganyago said on Sunday that the local lender VBS Mutual Bank had been placed under control of the state's central bank.

Sun, 11 Mar 2018 20:15:41 GMT

Senator Warren: Trump's tariffs are part of US trade policy

On Sunday, the US Democratic Senator Elizabeth Warren said that she was "not afraid of tariffs", emphasising the role these tariffs are playing in the US trade policy.

Sun, 11 Mar 2018 19:06:45 GMT

Pinera sworn in as Chile's President

On Sunday, Sebastian Pinera, who governed Chile in 2010-2014, was sworn in as the country's President, becoming the successor of Michelle Bachelet.

Sun, 11 Mar 2018 19:06:15 GMT

BIS: use of cash is still rising

The Bank for International Settlements said that despite the fact that more people are now using electronic payment methods, the use of cash is still rising in most of the economies.

Sun, 11 Mar 2018 18:35:05 GMT

Peruvians want President to be impeached

According to a poll published in a newspaper today, a vast majority of Peruvians want to see the current state's President Pedro Pablo Kuczynski impeached.

Sun, 11 Mar 2018 18:34:19 GMT

Deutsche Bank's 2017 bonus pool to be over €2B

On Sunday, Deutsche Bank revealed its 2017 variable compensation for the whole bank would be over €2B, or $2.46B.

Sun, 11 Mar 2018 17:01:19 GMT

China removes presidential term limits

China has removed the limit on presidential terms from its constitution, granting the current state's President Xi Jinping the prerogative to remain on the post indefinitely.

Sun, 11 Mar 2018 17:00:45 GMT

Syrian forces surround Douma, eastern Ghouta

On Sunday, a Hezbollah-run military media unit revealed that the Syrian army had completely surrounded Douma, eastern Ghouta.

Sun, 11 Mar 2018 15:56:25 GMT

Trump: North Korea talks can either fail or succeed

The US President Donald Trump stated that his meeting with Kim Jong Un could either fail or bring "the greatest deal for the world".

Sun, 11 Mar 2018 15:55:41 GMT

France to hand €700M over to International Solar Alliance

On Sunday, the French President Emmanuel Macron said that the country was ready to commit €700M to the International Solar Alliance.

Sun, 11 Mar 2018 15:14:38 GMT

Putin pledges to ensure Russia's safety in Arctic

The President of Russia Vladimir Putin said on Sunday that he does not want to threaten other nations in Arctic but will do everything in his power to ensure Russia's safety in this region.

Sun, 11 Mar 2018 15:03:53 GMT

Mnuchin names condition for Trump-Kim meeting

The US Treasury Secretary Steve Mnuchin stated on Sunday that President Trump will meet with Kim Jong-un only if there be no new nuclear or ICBM tests.

Sun, 11 Mar 2018 14:01:56 GMT

Saudi create special departments to investigate corruption cases

According to sources familiar with the matter, Saudi King Salman has ruled to establish specialised departments to investigate and prosecute bribery cases under the state prosecutor's office.

Sun, 11 Mar 2018 14:01:25 GMT

Mattis refuses to comment Trump-Kim meeting

The US Defence Secretary Jim Mattis stated on Sunday he will not comment any issues related to North Korea, leaving this opportunity to diplomats and the White House officials.

Sun, 11 Mar 2018 13:05:24 GMT

Germany says Trump's policies threaten prosperity

The German Economy Minister Brigitte Zypries stated on Sunday that Donald Trump's decision to raise tariffs on aluminum and steel imports will inevitably negatively affect jobs and growth.

Sun, 11 Mar 2018 13:04:28 GMT

South Korea representatives to meet Japan and China leaders

Kim Eui-kyeom, the Blue House Spokesman, said on Sunday that after meeting with Kim Jong Un their two senior officials will split to meet with Xi Jinping and Shinzo Abe and inform them on the progress of talks.

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