News

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Thu, 25 May 2017 02:07:44 GMT

Treasury head says revising Iran's plane licenses

The US Treasury is revising licenses for Airbus and Boeing to sell jets to Iran, Steven Mnuchin said, showing intention to increase sanctions on Syria, Iran and North Korea.

Wed, 24 May 2017 20:07:12 GMT

Trump lands in Brussels ahead of NATO meeting

Having met with Pope Francis earlier today, the US President Donald Trump landed in Brussels ahead of tomorrow's summit with other leaders of NATO member sates.

Wed, 24 May 2017 20:06:34 GMT

Fed favours balance sheet cuts in 2017

At their latest policy meeting, the Federal Reserve officials said they saw the beginning of the Fed's massive balance sheet wind-down over the course of 2017.

Wed, 24 May 2017 19:16:30 GMT

GM to reduce staff in Singapore

General Motors said it was going to reduce the number of employees in its international HQ in Singapore to around 50 people by the end of 2017.

Wed, 24 May 2017 19:15:05 GMT

FOMC meeting minutes: Fed cautious about policy tightening

The FOMC meeting minutes released today revealed the Fed policymakers appeared cautious about policy tightening and agreed that they should postpone raising rates.

Wed, 24 May 2017 18:01:48 GMT

Germany, France to accept NATO role in fight against Islamic militants

German, France are set to accept US plan for a bigger NATO role in the fight over against Islamic State, but insist the gesture is purely symbolic for the US, diplomats revealed.

Wed, 24 May 2017 17:57:05 GMT

OPEC, non-OPEC to discuss oil cuts extension until June 2018

OPEC and non-OPEC producers are set to discuss an option of extending oil output cuts by another three months until June 2018, Russia's energy minister Alexander Novak revealed.

Wed, 24 May 2017 17:08:06 GMT

Donald Trump arrives in Brussels ahead of talks with EU, NATO

The US President arrived in Brussels ahead of his Thursday talks with the EU institutions and other NATO leaders.

Wed, 24 May 2017 17:06:35 GMT

Deutsche Bank ordered to provide info on Trump-Russia ties

The US Democrats requested Deutsche Bank to examine the US President Donal Trump's accounts for any links with Russia.

Wed, 24 May 2017 16:26:23 GMT

US existing-home sales drop in April

The National Association of Realtors reported that existing-home sales in the US fell to a seasonally adjusted annualised pace of 5.57K units last month, compared to March's 5.70K unit pace.

Wed, 24 May 2017 15:51:27 GMT

US existing-home sales drop in April

The National Association of Realtors reported that existing-home sales in the US fell to a sesonally adjusted annualised pace of 5.57K units last month, compared to March's 5.70K unit pace.

Wed, 24 May 2017 15:51:14 GMT

IKEA names Jesper Brodin as new CEO

IKEA, Sweden's flatpack furniture giant, appointed Jesper Brodin, the Managing Director of the company's Swedish unit, as its new Chief Executive Officer.

Wed, 24 May 2017 15:14:56 GMT

US crude oil inventories fall more than expected

The EIA reported on Wednesday that US crude oil inventories dropped 4.4M barrels last week, following the prior week's fall of 1.8M barrels and surpassing expectations for a 2.4M barrel decline.

Wed, 24 May 2017 15:10:19 GMT

Bank of Canada keeps rate on hold

As markets expected, the Bank of Canada left its benchmark Overnight Rate at a record low of 0.50% at its meeting on Wednesday.

Wed, 24 May 2017 14:16:35 GMT

Dubai seeks to form $1B shipping investment fund

Dubai is planning to create a $1B investment fund aimed on shipping as it seeks to develop the maritime sector of the Gulf city and overcome a global industrial recession.

Wed, 24 May 2017 14:00:52 GMT

Algeria appoints Tebboune as new Prime Minister

On Wednesday, the Algerian Presidency replaced the Prime Minister Abdelmalek Sellal with the ex-Housing Minister Abdelmadjid Tebboune amid the Cabinet reshuffle.

Wed, 24 May 2017 13:34:13 GMT

Pope Francis calls US President to be peacemaker

Pope Francis, at the highly expected first meeting with Donald Trump, called the US President to be a peacemaker, presenting him a small sculptured oil tree saying it symbolised "peace".

Wed, 24 May 2017 13:20:05 GMT

Nepali PM quits before local elections' final round

On Wednesday, the Prime Minister of Nepal Prachanda stepped down from his post right ahead of the final round of domestic elections following a power-sharing agreement with Nepal's Congress Party.

Wed, 24 May 2017 12:34:34 GMT

France claims Manchester attacker linked to ISIS

According to the French Minister's statement on Wednesday, a suicide bomber who left 22 people dead at Manchester's concert is connected to the Islamic State and has presumably visited Syria.

Wed, 24 May 2017 12:26:20 GMT

Tiffany & Co shares drop 5.6%, disappointing markets

Tiffany & Co shares plunged 5.6% to $87.95 on Wednesday following its lower-than-expected Q1 sales report; the result caused by lower expenses of the company's domestic customers and tourists in the Americas market.

Wed, 24 May 2017 11:26:43 GMT

GE clinches $267M deal to construct gas turbines in Dammam

General Electric signed a $267M joint venture deal with the Dussur industrial development firm, aiming to build gas turbines in the Saudi Arabian city of Dammam.

Wed, 24 May 2017 11:19:50 GMT

British Parliament closes to public visits amid increased security threat

On Wednesday, the UK Parliament announced that it was immediately closed to any public visits amid raised security threat level on the back of the Manchester suicide bombing.

Wed, 24 May 2017 10:08:19 GMT

Top Daesh member killed

On Wednesday the Syrian military announced that it had gotten rid of Daesh's "minister of war" and other long standing members of the group in an operation near Aleppo.

Wed, 24 May 2017 10:07:13 GMT

Duterte considers total martial law

The President of the Philippines Rodrigo Duterte has announced on Wednesday that he is not ruling out placing all of the country under martial law, if the extremist movements spread from the south.

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