News

Note: This section contains information in English only.
Tue, 03 Sep 2019 19:41:12 GMT

Huawei invests in universities

On Tuesday, Huawei announced that the company intends to spend $300 million each year on funding research at various universities.

Tue, 03 Sep 2019 18:40:13 GMT

Rosneft comments on tainted oil

State run oil giant Rosneft stated on Tuesday that Transneft did not offer a solution to the recent tainted oil crisis.

Tue, 03 Sep 2019 17:40:40 GMT

SNB declines comments on Franc's strength

On Tuesday, at the unveiling of a new note the Chairman of the Swiss National Bank Thomas Jordan declined to make any comments on the strength of the Swiss Franc despite the currency surging to a record level.

Tue, 03 Sep 2019 16:51:22 GMT

Zara distances itself from Hong Kong

Fashion brand Zara posted on social media on Tuesday that the company supports China's sovereignty over Hong Kong.

Tue, 03 Sep 2019 15:58:01 GMT

Goldman Sachs increases no deal Brexit chance

On Tuesday, Goldman Sachs increased no deal Brexit probability from 20% to 25%. Meanwhile, the scenario of no Brexit has been decreased to 30% from 35%.

Tue, 03 Sep 2019 14:43:52 GMT

Ukraine removes lawmaker immunity

The Ukrainian Verkhovna Rada on Tuesday voted to remove itself from immunity to be prosecuted. The event signals a shift to rooting out corruption, which should boost investment into the country.

Tue, 03 Sep 2019 13:50:22 GMT

Corbyn wants Brexit delay

On Tuesday, The Sun's political editor stated that the leader of the Labour Party Jeremy Corbyn favours a Brexit delay and an election on October 14.

Tue, 03 Sep 2019 11:48:04 GMT

Stocks reach two month low

By the middle of Tuesday's London trading, global stock indices had declined to a two month low level, as trade tensions and Brexit caused a run to safety.

Tue, 03 Sep 2019 10:46:16 GMT

Oil falls by one percent

After trading sideways during the morning hours, crude oil price benchmarks fell just before midday, as it was revealed that OPEC has increased production instead of the previously announced decrease.

Tue, 03 Sep 2019 10:04:33 GMT

Singapore hotels profit from Hong Kong

On Tuesday, Reuters reported that hotels in Singapore have majorly profited due to the turmoil in Hong Kong, as major South East Asian events have changed location.

Tue, 03 Sep 2019 09:46:35 GMT

European shares decline

On Tuesday, European stock indices declined for the first time during four trading session. The move was caused by Brexit uncertainties.

Tue, 03 Sep 2019 08:47:54 GMT

Pound reaches low level

On Tuesday, the British Pound neared a two year low level, as Brexit politics beat down the value of the currency.

Tue, 03 Sep 2019 07:48:38 GMT

Glencore wins tax dispute

The global mining giant Glencore on Tuesday won a tax dispute with the Australian Taxation Office, saving the company $62.5 million.

Tue, 03 Sep 2019 07:30:34 GMT

Australian Dollar is boosted by data

On Tuesday, the Australian Dollar's value was boosted by the first ever current account surplus in more than four decades.

Tue, 03 Sep 2019 06:30:44 GMT

Asian stocks decline

During Tuesday's Asian trading, global stock indices declined, as US-China trade war continued.

Tue, 03 Sep 2019 04:40:49 GMT

Oil prices remain flat

During Tuesday's Asian trading session, crude oil price benchmarks were mixed, indicating that prices could remain flat during the day.

Tue, 03 Sep 2019 04:21:33 GMT

Xiaomi announces share buyback

On Tuesday, the Chinese tech company Xiaomi announced a $1.5 billion share buyback. The event caused a seven percent surge of the company's stock price.

Tue, 03 Sep 2019 02:41:07 GMT

British retail sales flat-line in August

The UK retailers saw sales flat-line last month with average sales growth falling to zero from the slowest 0.3% in July, as shoppers decreased spending on non-essentials and stockpiled food before Brexit, surveys revealed.

Tue, 03 Sep 2019 02:25:54 GMT

South Korea's inflation at record low

South Korea's year-over-year inflation in August dropped to an all-time low, being unchanged in August and missing a 0.2% increase forecast, as farm products' prices fell on improved weather, while consumer demand was still weak.

Mon, 02 Sep 2019 20:25:06 GMT

Mexico's manufacturing falls to lowest since 2011

Activity in the Mexican manufacturing sector declined for a third month in succession in August, with the HIS Markit's PMI at 49.0, as weakening local demand and subdued sentiment weighed on the economy.

Mon, 02 Sep 2019 19:23:48 GMT

Saudis replace Aramco chairman with PIF head

Saudi Arabia named Yasir al-Rumayyan, the head of the sovereign wealth fund PIF, as the state oil giant Aramco's chairman, replacing Khalid al-Falih, the Energy Minister, Bloomberg reported.

Mon, 02 Sep 2019 17:52:33 GMT

British mortgage approvals at two-year high

The UK lenders approved the biggest number of mortgages in two years or 67.3K during July, suggesting that the housing market has stabilised from the pre-Brexit slowdown.

Mon, 02 Sep 2019 16:50:27 GMT

Germany's manufacturing sector keeps contracting

German export-dependent manufacturing sector was still in contraction in August, with the IHS Markit's PMI rising slightly to 43.5 points, survey revealed on Monday, as falling demand pushed firms to cut jobs and scale back production.

Mon, 02 Sep 2019 15:48:07 GMT

Italian budget deficit to be at 1.6% next year

The budget deficit in Italy is expected to be falling to 1.6% of GDP in 2020 from an anticipated 1.9% in the year of 2019, sources familiar with the matter told Reuters.

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