News

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Fri, 08 Sep 2017 16:03:17 GMT

Canada's Q2 capacity utilisation rate beats estimates

Canada's industries performed at 85.0% of their capacity over the course of the second quarter compared with the 83.2% rate registered in the Q1, Statistics Canada reported.

Fri, 08 Sep 2017 16:02:40 GMT

US wholesale inventories up 0.6% in July

The US Commerce Department reported on Friday that the country's wholesale inventories surged 0.6% in July, missing analysts' expectations for a 0.4% uptick.

Fri, 08 Sep 2017 15:10:23 GMT

Canada's unemployment rate drops to 6.2% last month

Data published by Statistics Canada revealed that the country's unemployment rate slipped 0.1% to settle at 6.2% over the course of the prior month.

Fri, 08 Sep 2017 15:09:02 GMT

Canadian employment up 0.1% in August

According to the data released by Statistics Canada on Friday, the number of employed people in the country rose 0.1%, or 22.2K, over the month of August.

Fri, 08 Sep 2017 13:09:14 GMT

BOI Governor urges government to safeguard against economy overheating

The Governor of the Central Bank of Ireland Philip Lane advised the government to run a fiscal surplus in the upcoming years to safeguard against an overheated Irish economy.

Fri, 08 Sep 2017 12:54:38 GMT

Lane says ECB policy to remain loose due to inflation

Philip Lane said on Friday that the European Central Bank is to maintain its loose monetary policy until Euro zone's inflation reaches the established target rate.

Fri, 08 Sep 2017 12:10:30 GMT

Erdogan asks US to review charges against former minister

The Turkish President Tayyip Erdogan urged the US on Friday to re-consider charges against the country's former Economy Minister Zafer Caglayan for violating US-Iran sanctions.

Fri, 08 Sep 2017 12:01:21 GMT

US stock futures fall in response to Hurricane Irma

The US stock futures weakened on Friday due to possible financial implications Hurricane Irma, the strongest storm ever recorded in the Atlantic Ocean, could cause to Florida.

Fri, 08 Sep 2017 10:55:41 GMT

Malaysia expects migrants

Malaysian authorities have announced that they will welcome the Rohingya Muslims from Myanmar. The coast guard has been instructed to let the refugees pass.

Fri, 08 Sep 2017 10:55:32 GMT

Said Aramco prepares for IPO

Saudi Aramco is set to disclose its financials next year. It has been announced that the company needs record profits to score two trillion US Dollar evaluation. That has been recently doubted due to low oil prices.

Fri, 08 Sep 2017 10:15:15 GMT

UN will deploy troops to Libya

Up to 250 peacekeepers will be deployed to Libya. Their duties will mainly consist of guarding the UN base.

Fri, 08 Sep 2017 10:14:30 GMT

Erdogan speaks out in regards to US court case

The President of Turkey Tayyip Erdogan criticized on Friday the charges of US prosecutors aimed at a former Turkish economy minister.

Fri, 08 Sep 2017 09:03:19 GMT

Xi asks Macron to help on North Korean crisis

On Friday, the Chinese President Xi Jinping expressed a hope that France could play a "constructive role" in resolution of the North Korean crisis by helping to restart negotiations on it.

Fri, 08 Sep 2017 09:03:10 GMT

8.1 magnitude earthquake hits Mexico

Not less than six people have died in an earthquake of 8.1 magnitude that hit the southern part of Mexico, causing a few small tsunami waves.

Fri, 08 Sep 2017 06:58:51 GMT

Poll: South Koreans doubtful about North Korea starting war

58% of South Koreans denied the possibility of North Korea starting a war, the latest poll by Gallup Korea showed on Friday.

Fri, 08 Sep 2017 06:56:55 GMT

ZhongAn receives approval for IPO in HK stock exchange

The Chinese online insurer ZhongAn Online Property and Casualty Insurance Co Ltd was approved by the Hong Kong stock exchange for its IPO expected to raise around $1B.

Fri, 08 Sep 2017 06:00:35 GMT

Pope to bless Colombian war victims on Friday

Thousands of Colombians are expected to gather for guidance and blessings from Pope Francis on Friday, as he seeks to bring peace and unity after the Colombian civil war.

Fri, 08 Sep 2017 05:58:15 GMT

Euro reaches two-year high on Friday

The Euro hit its highest value in two and a half years against the US Dollar on Friday, following the comments of the ECB President Mario Draghi that increased short-term optimism for bulls.

Fri, 08 Sep 2017 05:00:03 GMT

China trade surplus narrows in August

According to the data released by the Customs General Administration of China on Friday, the country's trade surplus narrowed to $41.99B over the course of August.

Fri, 08 Sep 2017 04:59:43 GMT

Six farmers die in Peruvian Amazon land row

Late on Thursday, a local police officer reported that six farmers had been shot dead by a group of unknown attackers in an apparent land dispute in Peru's Amazon.

Fri, 08 Sep 2017 04:22:56 GMT

Hyundai to continue JV with BAIC

On Friday, the South Korean carmaker Hyundai revealed its intentions to continue its joint venture with the Chinese auto manufacturer BAIC Motor.

Fri, 08 Sep 2017 04:22:11 GMT

New Taiwan PM promises to attract investment

The newly-elected Taiwan Premier William Lai, who had previously served as the Tainan city Mayor, stated he would do his best to attract more investment to the island.

Fri, 08 Sep 2017 02:55:13 GMT

South Korea anticipates exports to drive economy

Recovering performance of export is set to drive economic expansion in South Korea even as North Korean tensions and trade talks with the US post risks to growth.

Fri, 08 Sep 2017 02:54:23 GMT

Fed's Dudley expects US inflation rebound, stands by rate hikes

William Dudley, the New York Fed President, stated that the US Central Bank should proceed raising rates gradually, as low inflation is likely to rebound.

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