News

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Mon, 02 Sep 2019 15:06:24 GMT

UK manufacturing activity drops in August

The UK Manufacturing PMI declined to 47.4 last month from 48.0 in the prior month, a full point below the median forecast, rocked by the Brexit crisis and the downturn globally, suggesting lower chances of the economic rebound in the Q3, a survey revealed.

Mon, 02 Sep 2019 13:45:59 GMT

VW retains access to US contracts

On Monday, the business daily publication Handelsblatt reported that VW has retained access to US government contracts.

Mon, 02 Sep 2019 11:41:02 GMT

ECB comments on Libra

ECB Board Member Mersch stated on Monday that the Facebook's proposed Libra currency could undermine monetary policy.

Mon, 02 Sep 2019 10:44:21 GMT

Euro Zone manufacturing continues to decline

On Monday, the Markit Purchasing Managers Index release for the Euro Zone revealed that the manufacturing sector has continued to decline in August.

Mon, 02 Sep 2019 09:43:24 GMT

Euro remains below $1.10

During the early hours of Monday's London trading hours, the EUR/USD currency exchange rate remained below the 1.10 level. The event was attributed to concerns over the future of EU exports.

Mon, 02 Sep 2019 09:43:10 GMT

Former Minister comments on possible UK election

UK's Former Justice Minister David Gauke stated on Monday to BBC Radio that the government of the United Kingdom intends to have a general election to purge no-deal rebels.

Mon, 02 Sep 2019 08:57:57 GMT

Norwegian Air asks for bond extensions

On Monday, Norwegian Air asked its bond holders to extend the maturity of debt up to two years. The company has suffered losses due to a rapid expansion.

Mon, 02 Sep 2019 07:41:11 GMT

Wirecard signs co-op with Brighstar

On Monday, Wirecard announced that the company has signed a cooperation agreement with SoftBank's owned Brightstar.

Mon, 02 Sep 2019 06:40:13 GMT

Stock indices decline

During the Asian trading session on Monday, global stock indices declined. The move was attributed to the start of the collection of new US and Chinese tariffs.

Mon, 02 Sep 2019 06:33:24 GMT

UK could call an election

On Monday, the BBC political editor Laura Kuenssberg stated that within days Boris Johnson could call for an election.

Mon, 02 Sep 2019 04:40:28 GMT

Oil prices decline

On Monday, crude oil price benchmarks declined, as tariffs imposed by both China and the US came into force.

Mon, 02 Sep 2019 04:37:52 GMT

Demand declines in Asia

Data published on Monday revealed that Asian factor production has been declining, signalling a decline in demand.

Mon, 02 Sep 2019 02:40:56 GMT

Japanese corporate capital spending up in Q2

Japan companies increased spending 1.9% over plant and equipment in the period of April to June for the 11th quarter, underscoring the resilience of capex despite the Sino-US trade dispute and slowing global growth.

Mon, 02 Sep 2019 02:30:59 GMT

Japan's manufacturing activity drop in August

Manufacturing activity in Japan decreased for a fourth month in succession in August to a seasonally adjusted 49.3 points due to flagging demand, the revised business survey revealed, suggesting a darkening prospective for the country's economy.

Sun, 01 Sep 2019 19:49:28 GMT

Pence comments on Ukraine

On Sunday, in Poland the Vice President of the United States announced that the Unite States would always support Ukraine.

Sun, 01 Sep 2019 19:01:19 GMT

Germany apologizes to Poland

On Sunday, as 80 years of the German invasion of Poland were marked, the German President asked the Polish nation for forgiveness.

Sun, 01 Sep 2019 17:22:06 GMT

German coalition experiences setback

On Sunday, the conservatives of Angela Merkel and Social Democrats experienced a loss of support in state elections in eastern Germany, as the far right parties took shares of votes.

Sun, 01 Sep 2019 16:40:34 GMT

Switzerland comments on deal with EU

On Sunday, Swiss officials announced that they are pessimistic in regards to a treaty with the EU. The comments are bound to extend the current stalemate in bilateral relations.

Sun, 01 Sep 2019 15:50:27 GMT

China plans subsidies

On Sunday, Chinese officials announced plans to increase support for the country's economy, including infrastructure investment and regional development.

Sun, 01 Sep 2019 14:40:44 GMT

North Korea denies amassing funds

North Korean officials on Sunday denied reports that the country has amassed nearly two billion US Dollar worth of funds through cyber attacks on various banks.

Sun, 01 Sep 2019 13:19:58 GMT

Hong Kong protesters target airport

On Sunday, thousands of protesters in Hong Kong targeted roads, public transport links and the airport of Hong Kong to draw global attentions.

Sun, 01 Sep 2019 13:17:42 GMT

Salvini issues new migrant ban

On Sunday, the outgoing Interior Minister of Italy Matteo Salvini issued another ban of migrant rescue ship docking, as the ships have been breaking international law.

Sun, 01 Sep 2019 11:19:17 GMT

Labourites to try to prevent no-deal Brexit

The Labour Party spokesman Keir Starmer stated on Sunday that this week the opposition would make an attempt to pass a bill that would prevent the government to exit the European Union without a deal.

Sun, 01 Sep 2019 10:04:50 GMT

Kuwait Airways to acquire 28 new planes

The Chairman of Kuwait Airways Yousef Alsaqer stated on Sunday that the company would spend $2.5B on acquisition of 28 new planes that should be delivered by 2026.

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