News

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Sat, 30 Dec 2017 11:21:39 GMT

China to cap foreign withdrawals using local bank cards

The Chinese State Administration of Foreign Exchange said on Saturday it would cap foreign withdrawals using Chinese bank cards in an attempt to target illegal money movement.

Sat, 30 Dec 2017 10:17:07 GMT

Turkey: EU funds for Syrian refugees' needs not used actively

The Turkish EU Ministry said that a great portion of the EU funds supposed to be spent on Syrian refugees' needs is not being used actively.

Sat, 30 Dec 2017 10:16:01 GMT

Putin: Russia to help protect Syrian sovereignty

On Saturday, the Kremlin said that the Russian President Vladimir Putin assured his Syrian counterpart that Russia would support Syria's efforts to protect its sovereignty.

Sat, 30 Dec 2017 09:09:55 GMT

Deutsche Bank to resume bonuses payment

According to Deutsche Bank's CEO John Cryan, the bank is set to resume its normal system of variable compensation and raise salaries in certain departments.

Sat, 30 Dec 2017 09:08:06 GMT

China recoups $112M in misused funds

On Saturday, Xinhua news agency reported that Chinese authorities have recovered around $112M in misappropriated poverty relief funds.

Sat, 30 Dec 2017 08:15:32 GMT

Eight former Petroleo Brasileiro executives accused of graft

The Securities and Exchange Commission of Brazil has formally accused eight ex-executives of Petroleo Brasileiro oil company of corruption.

Sat, 30 Dec 2017 08:14:29 GMT

Palestinians protest against Trump's Jerusalem move again

For the fourth straight week, Palestinians took to the streets in Gaza and West Bank to protest against Donald Trump's decision to recognise Jerusalem as the capital of Israel.

Sat, 30 Dec 2017 07:27:42 GMT

Mattis eyes larger US civilian presence in Syria

The US Defence Secretary Jim Mattis said he eyed a larger American civilian presence in Syria, as the combat against the IS nears its end and it is important to make sure militants do not return.

Sat, 30 Dec 2017 07:26:25 GMT

White House and Congress set for talks on current issues

The White House reported it was preparing for the next week's talks with congressional leaders on various domestic issues needed to be wrapped up in early 2018.

Sat, 30 Dec 2017 06:32:18 GMT

Airbus finalise $50B deal with Indigo Partners

France-based plane producer Airbus stated that it finalised a $50B order for the company's 430 A320neo series jets with the US private equity firm Indigo Partners.

Sat, 30 Dec 2017 06:31:19 GMT

PBoC to raise third-party payment firms' reserve fund ratio

China's Central Bank stated that it would gradually increase the third-party payment firms' reserve fund ratio to 50% by April next year, from a current 20% rate.

Sat, 30 Dec 2017 05:33:55 GMT

Japan's top spokesman: too early for BoJ to stop stimulus

Japan's Chief Cabinet Secretary stated that it was early for the Central Bank to quit its ultra-loose monetary stimulus program, the Nikkei reported.

Sat, 30 Dec 2017 05:32:56 GMT

Citigroup quits recruiting pact, following UBS, Morgan Stanley

Citigroup is likely to leave a 14-year-old agreement among the largest security brokerages of Wall Street to not sue the rival, when a broker changes firm.

Sat, 30 Dec 2017 03:28:46 GMT

German yearly inflation to hit highest level in five years

Germany's consumer prices increased by an anticipated 1.8% on average this year, the highest annual gains since 2012, the Federal Statistical Office revealed on Friday.

Sat, 30 Dec 2017 03:27:46 GMT

Morocco, UAE to expand partnership in sulphur supply

Morocco's state-run phosphate firm OCP and ADNOC inked a long-term agreement to supply of granulated sulphur, local media said.

Fri, 29 Dec 2017 21:20:21 GMT

IAG to buy Austria's airline Niki for €20M

IAG, the owner of British Airways, announced that it is set to buy Niki, the insolvent Austria's holiday airline owned by Air Berlin, for €20M and provide extra liquidity of nearly €16.5M.

Fri, 29 Dec 2017 21:19:44 GMT

Gold rises toward strongest yearly gain in seven years

Gold extended growth to a three-month high, revealing the strongest annual increase since 2010 on the Greenback boost, political tensions and concerns over the Fed rate hike impact.

Fri, 29 Dec 2017 20:16:53 GMT

Trump calls on Postal Service to charge more to ship Amazon packages

The US President Donald Trump urged the country's Postal Service to charge more for Amazon shipments, following his criticism over the online retail major.

Fri, 29 Dec 2017 20:16:13 GMT

India ink $40M loan pact with WB for tourist project

India and the World Bank inked a $40M loan pact for a development project aimed to increase tourism-related benefits in the country's northern state.

Fri, 29 Dec 2017 19:27:50 GMT

Egypt repays $2B in debt this month

The Central Bank of Egypt repaid nearly $2B in debt to the Africa's Export-Import Bank and other international bodies, state-owned media agency said.

Fri, 29 Dec 2017 19:26:35 GMT

Ukrainian grain exports to fall for first time in five years

Ukraine's grain exports are expected to decrease for the first time in the last five years in the 2017-2018 marketing year, according to the recent official forecast.

Fri, 29 Dec 2017 17:54:11 GMT

Russia's court sentences Browder to nine years in prison

The Russian Prosecutor General's Office has sentenced William Browder to nine years in prison, charging him with tax evasion and deliberate bankruptcy.

Fri, 29 Dec 2017 17:53:05 GMT

China denies reports on illicit oil supply to North Korea

China denied on Friday any accusations from the US President Donald Trump about its involvement in illicit oil sales to North Korea.

Fri, 29 Dec 2017 17:06:52 GMT

Germany's higher court rules against VW's suspension bid

The German Constitutional Court has ruled to reject Volkswagen AG's bid to suspend a special judge who investigated the ‘Dieselgate' emissions scandal.

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