News

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Sat, 07 Sep 2019 05:36:11 GMT

Gerard Lyons quits race for BoE chair

According to the Times newspaper, the former adviser to the UK Prime Minister Borish Johnson, Gerard Lyons was struck off the list of contenders for the post of the Bank of England next governor.

Sat, 07 Sep 2019 04:34:08 GMT

China's FX reserves rise in August

The People's Bank of China reported on Saturday that the country's foreign exchange reserves increased by $3.5B last month, reaching $3.1072T.

Fri, 06 Sep 2019 19:45:39 GMT

Apollo, Carlyle compete for Arriva

The US buyout groups Apollo and Carlyle are competing for Deutsche Bahn's Arriva unit on the back of the entering the auction final stage, while the deal is expected to be valued at $3.3-4.4B.

Fri, 06 Sep 2019 18:41:34 GMT

Brazil's Petrobras begins binding phase of onshore oil blocs sale

Petroleo Brasileiro SA, the Brazilian state-run oil company, has launched a binding phase to sell its 41 onshore oil blocks in the states of Espirito Santo and Bahia, securities filings showed on Friday.

Fri, 06 Sep 2019 18:11:29 GMT

Porsche lifts stake in Croatia's Rimac to 15.5%

On Friday, Volkswagen's unit Porsche stated it had increased its stake in the Croatian supersportscar maker Rimac to 15.5%, after it took 10% stake last year, as the luxury car brand sought to intensify collaboration in the battery technology field.

Fri, 06 Sep 2019 16:40:04 GMT

Markets expect two Fed rate cuts

On Friday, futures of US short term interest rates regained previous losses, indicating that the markets still expect two Federal Reserve rate cuts during this year.

Fri, 06 Sep 2019 15:44:10 GMT

Lybia cuts back fuel supplies

Reuters reported on Friday that the Lybian National Oil Company has cut kerosene supplies to eastern areas of the country. The event is set to slightly decrease global fuel prices.

Fri, 06 Sep 2019 14:44:43 GMT

London court allows Parliament suspension

On Friday, the High Court of London denied the legal bid against UK Prime Minister Boris Johnson's planned suspension of the Parliament.

Fri, 06 Sep 2019 12:40:35 GMT

British Petroleum announces future plans

On Friday, British Petroleum revealed its plans to sell more of US oil in Asia by increasing productions. Moreover, LNG supply to Asia is also expected to increase in early 2020.

Fri, 06 Sep 2019 11:45:17 GMT

Azeri gas cuts into Russian market

On Friday, statistics revealed that Russian LNG exports to Turkey have decreased by a quarter due to Turkey importing Azeri natural gas.

Fri, 06 Sep 2019 11:00:32 GMT

Finland stops Brexit negotiations

On Friday, the PM of Finland, which holds the EU presidency, Antti Rinne stated that there will be no re-negotiations of the already proposed Brexit deal.

Fri, 06 Sep 2019 09:41:02 GMT

Oil prices steady on Friday

During the early hours of European trading session, oil prices fluctuated sideways despite crude oil inventories having declined during the past week.

Fri, 06 Sep 2019 09:08:08 GMT

China reveals cryptocurrency

Chinese officials on Friday revealed that a new cryptocurrency, similar to Facebook's Libra, is set to be launched in China. Forbes magazine revealed on Friday that the currency would be ready by November 11.

Fri, 06 Sep 2019 08:42:33 GMT

Kuroda sees rate cut as an option

The Governor of the Bank of Japan Haruhiko Kuroda stated in an interview to Nikkei newspaper that the central bank could cut the already negative interest rates.

Fri, 06 Sep 2019 07:43:17 GMT

Merkel comments on trade wars

On Friday, the Chancellor of Germany Angela Merkel announced in Beijing that she hopes for a quick resolution to the China-US trade war.

Fri, 06 Sep 2019 07:11:18 GMT

Asian shares surge on Friday

During Friday's Asian trading session, stock indices surged. The surge was attributed to trade talks and good US economic data.

Fri, 06 Sep 2019 06:02:04 GMT

Alibaba buys Kaola

On Friday, Alibaba Group agreed to acquire luxury goods e-commerce platform Kaola from NetEase for two billion US Dollars.

Thu, 05 Sep 2019 19:42:36 GMT

Markets expect Canadian rate cuts

Reuters poll data published on Thursday revealed that during the next year the Canadian Dollar would strengthen, which could force the Bank of Canada into cutting interest rates.

Thu, 05 Sep 2019 17:46:23 GMT

Boris Johnson's brother resigns

Brother of the United Kingdom's Prime Minister Boris Johnson Jo Johnson on Thursday resigned from his government post due to a conflict between national interests and family loyalty.

Thu, 05 Sep 2019 16:40:36 GMT

Goldman Sachs comments on German economy

On Thursday, at an interview with CNBC the Chief Financial Officer of Goldman Sachs stated that the German economy is at the start of a slowdown.

Thu, 05 Sep 2019 15:52:06 GMT

CEE currencies could surge

Poll results published by Reuters on Thursday revealed that most surveyed financiers expect the Central and Eastern European currencies to gain value in the next twelve months.

Thu, 05 Sep 2019 14:40:38 GMT

German industrial orders decline

Data published on Thursday revealed that industrial orders in Germany declined more than expected. The data release signalled an upcoming recession in Germany.

Thu, 05 Sep 2019 13:41:17 GMT

China and US schedule trade talks

On Thursday, Chinese officials announced that high-level trade talks have been scheduled to be held in Washington in October.

Thu, 05 Sep 2019 12:52:48 GMT

Bosch seals deal with CATL

On Thursday, the German company Bosch teamed up with Chinese battery cell maker Contemporary Amperex Technology to develop a new type of high-performance cells.

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