News

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Sat, 23 Sep 2017 04:24:13 GMT

China to hit North Korea's major exports and imports

On Saturday, China reported that it would ban petroleum exports to North Korea and textile imports from the neighboring country.

Fri, 22 Sep 2017 20:11:55 GMT

Oil price surges to $56.86 amid OPEC meeting in Vienna

Oil prices rose by 43 cents on Friday, reaching $56.86 a barrel, as key producers met in Vienna and notified that they might wait until January to expand volume of production beyod the Q1.

Fri, 22 Sep 2017 20:11:48 GMT

Canada to impose personal sanctions against Maduro

On Friday, the Foreign Ministry of Canada said that it will impose personal sanctions against forty Venezuelan top officials, as a punishment for "anti-democratic behaviour".

Fri, 22 Sep 2017 19:01:18 GMT

US HHS Office to investigate Price's use of private jets

On Friday, the US Department of Health and Human Services (HHS) Inspector General Daniel Levinson said that it would conduct an internal investigation over the US Health Secretary Tom Price's alleged use of private aircraft for working needs.

Fri, 22 Sep 2017 19:01:10 GMT

Investors remain optimistic about NAFTA talks

On Friday, the Foreign Minister of Mexico Luis Videgaray noted that most of investors remained optimistic about a result of the NAFTA trade deal renegotiation.

Fri, 22 Sep 2017 18:04:13 GMT

ECB official draws parallel between Bitcoin and tulip mania

On Friday, the Vice President of the European Central Bank Vitor Constancio classified Bitcoin, as an instrument of speculation, but noted that it does not pose a threat to the central bank's monetary policy.

Fri, 22 Sep 2017 18:04:02 GMT

Mexico earthquake death toll rises to 286

The number of people who died in the devastating earthquake on Friday surged to 286, as a 7.1-magnitude earthquake toppled buildings and sparked fires in Mexico City.

Fri, 22 Sep 2017 17:03:06 GMT

US services activity worsens more than expected

Markit reported on Friday that its PMI for the US services sector dropped to 55.1 points in September, down from the prior month's 56.0 and missing analysts' expectations for a slight decline to 55.8.

Fri, 22 Sep 2017 17:02:20 GMT

Canadian retail sales grow 0.2% in July

According to Statistics Canada, core retail sales climbed 0.2% in July after rising 0.4% in the preceding month, whereas analysts anticipated an increase of 0.4%.

Fri, 22 Sep 2017 16:07:33 GMT

Britain's May to leave UK in EU's single market

The British Prime Minister Theresa May called for the UK to stay in the EU's single market during the two-year transition period.

Fri, 22 Sep 2017 16:06:50 GMT

Romania's Deputy PM faces investigation over corruption claims

The Romanian Deputy Prime Minister Sevil Shhaideh has been revealed as the main suspect in a criminal investigation conducted by the country's anti-corruption prosecutors.

Fri, 22 Sep 2017 14:51:20 GMT

US manufacturing activity improves slightly

Markit reported on Friday that its PMI for the US manufacturing sector rose to 53.0 in September from the prior month's 52.8.

Fri, 22 Sep 2017 14:51:05 GMT

Canadian consumer inflation grows less than expected last month

Statistics Canada reported on Friday that consumer prices rose 0.1% in August, following the prior month's reading of 0.0% and falling behind analysts expectations for a 0.2% gain.

Fri, 22 Sep 2017 14:07:06 GMT

Germany expels another Vietnamese diplomat

German authorities have announced that on Friday another Vietnamese embassy official has been expelled because of an alleged kidnapping of a Vietnamese businessman.

Fri, 22 Sep 2017 13:34:17 GMT

Uber loses its London license

On Friday, London revoked Uber's licence to operate, starting from the next week's end, saying the permission would not be renewed after its expire date on September 30.

Fri, 22 Sep 2017 13:22:15 GMT

Carrefour Brasil appoints new CEO

Carrefour Brasil appointed Noël Prioux as its new Chief Executive Officer to replace Charles Desmartis, who had stepped down from his post, the company said in a statement on Friday.

Fri, 22 Sep 2017 12:32:18 GMT

Time Inc considers selling several assets

The largest US and British publisher Time Inc stated that it was considering to sell some of its assets, following the last month's new cost-cutting programme, and targeting $400M in spending cuts.

Fri, 22 Sep 2017 12:20:47 GMT

Bentley's CEO Duerheimer to resign

The CEO of the luxury UK automaker Bentley Motors Wolfgang Duerheimer is eager to step down from his post and will be replaced by the strategy head of its rival Jaguar Land Rover Adrian Hallmark.

Fri, 22 Sep 2017 10:52:56 GMT

Iran reveals ICBM with range of 2K km

According to the Tasnim news outlet, Iran unveiled its ballistic missile with the range of 2K km, which is capable of carrying a number of warheads.

Fri, 22 Sep 2017 10:52:45 GMT

Britain to face its financial obligations after Brexit

The Minister of Transport Chris Grayling stated on Friday that Britain would have to meet its Brexit financial obligations after leaving the European Union.

Fri, 22 Sep 2017 09:54:33 GMT

Citigroup to participate in Belt & Road initiative to increase revenue

Christine Lam, the CEO of Citigroup Inc for the Chinese market, said on Friday that the bank plans to boost its revenue in the country by taking part in the Belt & Road initiative.

Fri, 22 Sep 2017 09:54:06 GMT

Ending Libor will not affect SNB's monetary policy, says board member Moser

Dewet Moser said on Friday that the decision to discontinue the London Interbank Offered Rate would not affect the ability of the Swiss National Bank to conduct monetary policy.

Fri, 22 Sep 2017 09:31:45 GMT

Damascus airport hit by rockets in deemed Israeli attack

On Friday, two rockets struck close to the Damascus airport in a suspected attack by Israel's warplanes from the outside of Syrian borders.

Fri, 22 Sep 2017 08:34:38 GMT

L'Oreal shares rise amid Bettencourt' death

On Friday, shares in L'Oreal jumped 4%, following the death of the billionaire Liliane Bettencourt, who held the biggest stake of 33% in the cosmetics company, which raised concerns about the group's future.

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