News

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Wed, 14 Jun 2017 04:20:05 GMT

Bank of Japan policy will remain steady

The Bank of Japan will release its monetary statement on Friday. It is expected that the policy settings will remain unchanged, as the bank will remain behind the Federal Reserve in regards to stimulus programs.

Wed, 14 Jun 2017 04:19:11 GMT

Steady Chinese macroeconomic data released

Chinese retail sales and output of factories has increased at a moderate pace in the month of May. However, investment has decreased, which strengthens the hypothesis that the Chinese economy will lose momentum.

Wed, 14 Jun 2017 02:55:10 GMT

US to undermine globally-agreed bank reforms

US plans to delay global reforms to make banks safer after financial crisis are likely to get an international regulatory cooperation system thrown into confusion.

Wed, 14 Jun 2017 02:54:08 GMT

China's retail sales unchanged at 10.7% in May

The Chinese National Bureau of Statistics reported that retail sales posted an unchanged reading of a 10.7% yearly gain in May, while analysts expected a slight decrease to 10.6%.

Wed, 14 Jun 2017 02:22:12 GMT

US considers sanctions on countries working with North Korea

The United States is considering the impose of sanctions on countries, working with North Korea, and seeking ways to revive relations with Russia, US Secretary of State revealed.

Wed, 14 Jun 2017 02:14:40 GMT

World Bank accepts $500M financing for Afghanistan projects

The World Bank approved more than $500M of financing for Afghanistan, which is set to boost the economic development in five cities and help with Afghan refugees.

Tue, 13 Jun 2017 20:02:44 GMT

German approved arms sales drop 13% in 2016

Germany's arms export approvals inched 13% lower to €6.85B in 2016, as well as continued to drop during the first quarter of 2017 amid strict export licensing. 

Tue, 13 Jun 2017 20:00:11 GMT

Citigroup looks for ways to return capital to shareholders

According to CFO Gerspach, Citigroup Inc had examined different ways on how to efficiently meet necessary regulatory requirements to repay more capital to company's shareholders.

Tue, 13 Jun 2017 19:07:14 GMT

Oil prices rise on OPEC supply cuts; Saudi limit exports to Asia and US

On Tuesday, oil prices inched higher during the New York session amid OPEC's supply cuts all over the world. Meanwhile, Saudi Arabia would reduce oil export amount in July to Asia and the US.

Tue, 13 Jun 2017 19:05:49 GMT

EU launches legal cases against three European countries over migration

The European Commission has opened a legal case against Hungary, Czech Republic and Poland for rejecting to accept asylum seekers.

Tue, 13 Jun 2017 18:15:16 GMT

Reuters partners up with Symphony Communication Services

In an attempt to make a better competitor to Bloomberg, Reuters announced its intentions to tie up with Symphony, the Wall Street-backed messaging service.

Tue, 13 Jun 2017 18:14:27 GMT

Trump: Obamacare repeal push may need more funds for healthcare

At a lunch with Republican senators at the White House, Donald Trump said Obamacare repeal push might require additional funding for healthcare.

Tue, 13 Jun 2017 17:21:08 GMT

Trump asks Republican senators over for lunch to discuss Obamacare

A White House official revealed on Tuesday Trump had asked several Republican senators over for lunch to discuss the Affordable Care Act repeal.

Tue, 13 Jun 2017 17:20:31 GMT

Verizon completes $4.48B Yahoo deal

On Tuesday, Verizon Communications announced the completion of its $4.48B Yahoo acquisition deal and the resignation of the Internet company's CEO Marissa Mayer.

Tue, 13 Jun 2017 16:05:23 GMT

German Wholesale Price Index falls 0.7% in May

Destatis reported on Monday the Wholesale Price Index for Germany dropped 0.7% over the course of May, missing economists' expectations for a 0.2% uptick.

Tue, 13 Jun 2017 16:04:24 GMT

UK RPI surges 3.7% in May

The latest figures released by the Office for National Statistics suggested the UK Retail Price Index soared 3.7% over the year through May.

Tue, 13 Jun 2017 15:01:10 GMT

German ZEW Economic Indicator dips in June

The German ZEW Indicator of Economic Sentiment went down 2.0 points over the month of June to hit the 18.6-point mark, data released on Tuesday showed.

Tue, 13 Jun 2017 15:00:44 GMT

British consumer prices up 0.3% in May

Data released by the Office for National Statistics revealed consumer prices in the United Kingdom jumped 0.3% over the course of May, beating analysts' expectations for a 0.1% gain.

Tue, 13 Jun 2017 14:31:26 GMT

Apple focuses on self-driving car technology

The Apple CEO Tim Cook has revealed that the tech giant is focusing on the autonomous vehicle technology after the car project had been steeped in secrecy for years.

Tue, 13 Jun 2017 14:01:35 GMT

South Korea's Moon to meet Trump on June's end

The South Korea President Moon Jae-in is eager to visit the White House for meeting with the US President Donald Trump on June 29-30 to discuss economic cooperation and the North Korean crisis.

Tue, 13 Jun 2017 13:31:02 GMT

Landslides hit Bangladesh, killing 43 while dozens missing

No less than 43 people died, while dozens were reported to be missing amid deadly landslides that were caused by heavy rains hit Bangladeshi hillside homes, demolishing the area.

Tue, 13 Jun 2017 13:21:51 GMT

US PPI remains on hold in May

According to the Bureau of Labour Statistics, the US PPI came in at 0.0% in May from the prior month's 0.5% reading, meeting analysts' expectations.

Tue, 13 Jun 2017 12:32:34 GMT

Germany's Schaeuble calls ECB to exit its monetary policy

On Tuesday, Germany's Finance Minister Wolfgang Schaeuble urged the European Central Bank to change its monetary policy as soon as possible amid dramatically low interests that led to problems in some regions of the world.

Tue, 13 Jun 2017 12:08:09 GMT

Putin negotiates Qatar crisis with Saudi King Salman

The President of Russia Vladimir Putin had a telephone conversation with the Saudi Arabian King Salman over the Qatari crisis on Tuesday as the Gulf States' united efforts could not resolve the matter.

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