News

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Tue, 04 Sep 2018 10:13:41 GMT

India and US to discuss drone sales and satellite data exchange

India and the US are planning to finalise defence agreements which would let the US to exchange satellite information and sell defence equipment to India, including armed drones.

Tue, 04 Sep 2018 10:07:08 GMT

China considers merger of China Telecom and China Unicom

Bloomberg reported that Chinese government is considering a merger of two largest China's wireless carriers, China Telecom and China Unicom, to speed up the development of 5G network services.

Tue, 04 Sep 2018 09:31:38 GMT

Deutsche Bank to leave Eurostoxx 50

According to people familiar with the matter, Deutsche Bank will be ousted from the Eurostoxx 50 index amid problems with delivery of stable long-term profits.

Tue, 04 Sep 2018 09:27:28 GMT

France's Flessel resigns

The Minister of Sports of France Laura Flessel on Tuesday decided to resign from Emmanuel Macron's government in light of the upcoming cabinet reshuffle.

Tue, 04 Sep 2018 04:50:51 GMT

Reserve Bank of Australia keeps interest rate unchanged

As it was expected by the markets, the Reserve Bank of Australia on Tuesday kept the bank's Cash Rate unchanged at 1.50%.

Tue, 04 Sep 2018 04:50:42 GMT

Oil prices surge due to rig evacuations

On Tuesday, crude oil prices fluctuated above the $70 mark, as Gulf of Mexico oil platforms were being evacuated in expectations of a hurricane.

Tue, 04 Sep 2018 04:11:39 GMT

Japan seeks record budget financing

The Finance Minister of Japan Taro Aso on Tuesday announced that the Japanese fiscal budget requests for the year of 2019 will reach a record high of $918B.

Tue, 04 Sep 2018 04:10:27 GMT

Asian markets decline on Tuesday

On Tuesday, during the Asian session stock indices declined, as the US Dollar appreciated in value. Financial media once more blamed US and China's trade disputes.

Tue, 04 Sep 2018 03:32:59 GMT

Australian trade, government spending add to economic expansion in Q2

Australia's government spending made another contribution to the economic expansion the Q2, as exports of liquefied gas and farm goods did, indicating that the economy spent 27th year with no recession.

Tue, 04 Sep 2018 03:25:05 GMT

South Korean GDP growth at 0.6% in Q2

South Korea's GDP growth in the second quarter was revised down by 0.1% to show 0.6% expansion in the June quarter, the country's Central Bank's data revealed.

Tue, 04 Sep 2018 02:36:33 GMT

Spain sees biggest fall of international arrivals in July

Spain registered its biggest decline in the number of international arrivals in July, receiving 9.98M tourists, 4.9% less than in the same period year ago.

Tue, 04 Sep 2018 02:31:50 GMT

Austria's unemployment falls 8% in August

The Austrian jobless rate saw a strong 8% decrease year-over-year for the month of August, with a more than 344K people registered as unemployed, the AMS stated.

Mon, 03 Sep 2018 20:31:47 GMT

HSBC set to open more branches in UAE

HSBC announced plans to open more digital branches in the United Arab Emirates to reach out to tech-savvy customers, Marwan Hadi stated.

Mon, 03 Sep 2018 20:23:45 GMT

Putin wants companies' $120B spending to fuel economy

The Kremlin was leaning on Russian oligarchs to spend $120B on new investments by the end of the term of Vladimir Putin after intentions to raise taxes on large business.

Mon, 03 Sep 2018 19:23:48 GMT

British manufacturing activity weakens further in August

Britain's manufacturing sector activity weakened further in August, as expansion rate declined, and new orders slowed, a report by IHS Markit and CIPS showed.

Mon, 03 Sep 2018 19:18:48 GMT

Brazil inflation seen slowing last month

Brazil's consumer prices are likely to stagnate in August, as a weak economic recovery kept weighing on employment, suggesting the Central Bank to hold off rates' hike despite a sell-off of the currency.

Mon, 03 Sep 2018 18:18:20 GMT

EU open to more US imports of beef

The European Union stated that it was ready to begin negotiations with Washington over increasing beef imports from the US, aiming to entrench July's trade truce.

Mon, 03 Sep 2018 18:11:56 GMT

Italy posts state sector surplus in August

Italy posted a budget surplus for the state sector of €1.3B in August, compared to a €1.1B deficit in the same month in 2017, the Treasury stated on Monday.

Mon, 03 Sep 2018 17:32:48 GMT

Turkish inflation at 18% in August

Turkey's annual consumer inflation reached 17.9% in August, up from the reading of 15.9% in July, putting pressure on the country's Central Bank to increase the interest rate next week.

Mon, 03 Sep 2018 17:24:11 GMT

SocGen anticipates US sanctions penalties to be nearly €1.2B

France's bank Societe Generale anticipated penalties related to the dispute with the US authorities on international sanctions violations to be close to €1.2B, it stated on Monday.

Mon, 03 Sep 2018 16:29:39 GMT

India allows refiners to use Iran's tankers

India allowed state refiners to import Iran's oil with tankers, arranging Tehran, and insurance after companies halted voyages to Iran amid the US sanctions.

Mon, 03 Sep 2018 16:22:34 GMT

VTB sells US business to executives

VTB, the Russian second largest bank, stated that it sold its business based in New York, VTB Capital, to its executives, with geopolitics being one of the reasons for the sale.

Mon, 03 Sep 2018 15:31:25 GMT

Italy's Economy Minister pushes to keep budget deficit low

Giovanni Tria, Italy's Economy Minister, was pushing the parties in the coalition to keep 2019 budget deficit below 2% of output, lower than leaders of the party indicated.

Mon, 03 Sep 2018 15:27:58 GMT

Argentina to tax exports of grains

Argentina announced plans to increase grain export taxes and diminish the number of government ministries, aiming to balance the budget next year.

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