News

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Thu, 07 Sep 2017 07:14:58 GMT

South Korea's President urges Russia to support North Korean sanctions

The South Korean President Moon Jae-in said on Thursday he hoped that Russia would continue its support for North Korean sanctions.

Thu, 07 Sep 2017 07:14:27 GMT

EU to discuss additional sanctions on North Korea over nuclear test

The European Union is to discuss further sanctions on North Korea over its latest nuclear test, as the region's defence and foreign ministers meet in Tallinn, Estonia.

Thu, 07 Sep 2017 05:57:59 GMT

Hurricane Irma reaches Puerto Rico

Hurricane Irma, one of the strongest storms in Atlantic, reached the coast of Puerto Rico late on Wednesday after hitting several Caribbean Islands that resulted in casualties.

Thu, 07 Sep 2017 05:55:37 GMT

Euro gains value on Thursday

The common European currency rose 0.1% against the US Dollar to $1.1925 on Thursday morning ahead of the ECB Press Conference scheduled for 1230GMT today.

Thu, 07 Sep 2017 05:08:57 GMT

Topshop's New Zealand arm placed in receivership

The New Zealand unit of the UK fashion retailer Topshop announced that it was placed in receivership, after the franchise struggled amid higher competition and suffered losses.

Thu, 07 Sep 2017 05:07:16 GMT

Australian retail sales flat for July

The Australian Bureau of Statistics stated that the country' retail sales were flat over the course of July, where the weakness came from department store sales, but was offset by higher sales of food.

Thu, 07 Sep 2017 04:02:42 GMT

China's logistics firm Best launches $932M US IPO

Chinese logistics company Best, backed by Alibaba, launched an initial public offering totalling $932M, as it was seeking funds to extend its supply chain and logistics network.

Thu, 07 Sep 2017 04:02:10 GMT

Moon, Abe to seek Russian, Chinese support for NK sanctions

The South Korean President Moon Jae-in and Japanese PM Shinzo Abe are set to ask Russia and China to support new North Korea sanctions.

Thu, 07 Sep 2017 02:54:03 GMT

Western Digital discusses taking stake in Toshiba chip unit after IPO

Western Digital was in talks to get voting rights of 16% in memory chip unit of Toshiba on belief that the company will be listed later.

Thu, 07 Sep 2017 02:53:23 GMT

EU aims to enhance cyber security

The European commission announced its intention to bolster the bloc's cyber security by higher investment in technology, diplomacy and stricter consumer protection.

Thu, 07 Sep 2017 02:11:16 GMT

Saudi King to visit White House in early 2018

The US President Donald Trump spoke by phone with Saudi King Salman, which agreed to visit the White House in the beginning of the next year.

Thu, 07 Sep 2017 02:10:40 GMT

EU to ask UK to find solutions on Irish border

The European Union is expected to ask the United Kingdom to be responsible for solving problems of Ireland border, providing better immigration rules.

Wed, 06 Sep 2017 20:15:34 GMT

Catalonia ready to hold referendum on independence

On Wednesday, the Catalan parliament adopted a law that formally scheduled a referendum on independence from Spain on October 1, 2017.

Wed, 06 Sep 2017 20:15:19 GMT

States challenge Trump's decision on DACA

On Wednesday, a group of Democratic attorneys general from the District of Columbia and 15 other states filed a suit, challenging the US President Donald Trump's decision to terminate the DACA program.

Wed, 06 Sep 2017 19:08:19 GMT

McConnell supports Trump's stance on debt ceiling

On Wednesday, the US Senate Majority Leader Mitch McConnell expressed his support to Donald Trump's agreement with the Democrats to raise the US debt limit not later than December 15.

Wed, 06 Sep 2017 19:08:07 GMT

Ryan says DACA and border security must be linked

On Wednesday, the US House Speaker Paul Ryan emphasized that new legislation on the DACA program must also address various border security problems.

Wed, 06 Sep 2017 18:13:22 GMT

Nordea moves HQ to Finland

On Wednesday, the Scandinavian biggest bank Nordea said it would transfer its headquarters to Finland in an attempt to reduce regulatory costs.

Wed, 06 Sep 2017 18:13:00 GMT

Trump names debt-limit rise deadline

On Wednesday, the US President Donald Trump agreed with Chuck Schumer and Nancy Pelosi that lawmakers have to extent the US debt limit not later than December 15.

Wed, 06 Sep 2017 16:58:34 GMT

Biggest Canadian banks to benefit from BoC rate hike

Both Royal Bank of Canada and Scotiabank, Canada's largest banks, reported on Wednesday that the BoC's latest rate hike would boost their profits.

Wed, 06 Sep 2017 16:54:35 GMT

United Airlines replaces Boeing with Airbus

United Airlines ordered 10 additional Airbus A350 passenger jets to replace Boeing's 777-200ER jets, the two companies reported on Wednesday.

Wed, 06 Sep 2017 16:02:33 GMT

Markit PMI for US services sector comes in at 56.0

According to Markit, US services activity declined to 56.0 points last month from July's 56.9, whereas analysts anticipated a slight decrease to 56.8.

Wed, 06 Sep 2017 16:01:29 GMT

US services activity improves last month but less than expected

The ISM reported that its PMI for the US non-manufacturing sector rose to 55.3 in August, following the preceding month's 53.9 but falling behind expectations for an increase to 55.8.

Wed, 06 Sep 2017 15:15:43 GMT

Euro zone Retail PMI drops last month

Markit reported on Wednesday that its PMI for the Euro zone's retail industry fell to 50.8 in August from the prior month's 51.0

Wed, 06 Sep 2017 15:13:36 GMT

Bank of Canada surprises with rate hike

On Wednesday, the Bank of Canada raised its Overnight Rate to 1.00% from 0.75%, surprising markets that expected the BoC to remain on hold.

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