News

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Thu, 08 Nov 2018 04:31:44 GMT

China export growth strenghtens in October

China reported better-than-expected exports in October, as shippers brought goods to the US, the largest trading partner, seeking to beat increased tariff rates amid kick in at the beggining of 2019.

Thu, 08 Nov 2018 03:05:36 GMT

British house price indicator at six-year low: RICS

The UK house prices declined on the broadest basis since 2012, though the steepest falls remain focused southeast England and London, a monthly survey by the RICS revealed.

Thu, 08 Nov 2018 02:58:47 GMT

Japanese manufacturers' mood worsens due to trade war fears

Business confidence of Japanese manufacturers worsened in November and was anticipated to deteriorate further, the Reuters poll revealed, reflecting apprehension on the risks of a trade war between the US and China.

Wed, 07 Nov 2018 21:23:21 GMT

Zimbabwe, Guinea plan to deepen economic cooperation

Zimbabwe and Guinea plan to deepen economic cooperation and improve bilateral relations, the Zimbabwean President Emmerson Mnangagwa says during a visit to Guinea.

Wed, 07 Nov 2018 21:22:41 GMT

Brunei trade balance up in August

Brunei had a $206.7M trade balance in August 2018, a significant increase from $76.4M in August 2017, the Department of Economic Planning and Development at the Ministry of Finance and Economy reports.

Wed, 07 Nov 2018 20:45:30 GMT

Ukraine wants new sanctions on Russia

Western countries should impose new sanctions against Russia over the forthcoming elections in eastern Ukraine, the Ukrainian President Petro Poroshenko says.

Wed, 07 Nov 2018 20:44:41 GMT

German FM wants closer EU cooperation

The EU member states should have closer cooperation and invest more to defend themselves against possible import tariffs, the German Foreign Minister Heiko Maas says.

Wed, 07 Nov 2018 18:46:54 GMT

Israel to invest in technological development

Israel plans to invest $32.7M in the development of advanced technologies, the Israel Innovation Authority together with the Israeli Ministry of Economy say.

Wed, 07 Nov 2018 18:45:46 GMT

China and Russia discuss economic ties

The Chinese Premier Li Keqiang and the Russian Prime Minister Dmitry Medvedev discussed deeper economic ties at the China-Russia Prime Ministers' Regular Meeting in Beijing.

Wed, 07 Nov 2018 18:27:59 GMT

Taiwan's exports increase 7.3% in October

Taiwan's exports in October increased by 7.3% to $29.57B compared to the same period the previous year, island's finance authority reports.

Wed, 07 Nov 2018 18:27:13 GMT

US housing sentiment deteriorates

The US Home Purchase Sentiment Index declined 2 points to 85.7 the previous month, the Federal National Mortgage Association reports.

Wed, 07 Nov 2018 16:52:47 GMT

Blackstone, LLOG seeks selling Gulf of Mexico JV

The privately-owned LLOG Exploration Company and the buyout group Blackstone are looking at selling their oil exploration venture Gulf of Mexico in a potential deal valued at $2.0B.

Wed, 07 Nov 2018 16:52:20 GMT

Eurotorg Holdings postpones IPO in London

The Belarus largest food retailer, Eurotorg Holdings, made a decision to delay its initial public offering planned in London due to the current unfavourable market conditions.

Wed, 07 Nov 2018 16:26:46 GMT

Illycaffe chairman says no plans for minority stake sale

Andrea Illy, the chairman of the Italian premium coffee producer Illycaffe, stated the company was not exploring a sale of its minority stake to its financial investors.

Wed, 07 Nov 2018 16:18:23 GMT

Newell Brands plans sale of Jostens, Pure Fishing units for $2.5B

On Wednesday, Newell Brands stated it was planning a sale of Jostens unit to Sycamore and Pure Fishing business to Platinum Equity for combined $2.5B, seeking to boost its focus towards more profitable products.

Wed, 07 Nov 2018 15:36:23 GMT

Drummond halts Colombia operations potential sale

Alabama's coal miner Drummond had to cancel its potential sale of the Colombian operations, for which the producer had chosen Goldman Sachs as an adviser.

Wed, 07 Nov 2018 15:28:42 GMT

BMW may build extra cars in China

BMW CFO Nicolas Peter stated on Wednesday the carmaker would make a decision in the upcoming weeks whether to manufacture more vehicles in China, after tariffs between China and the United States hit its 2018 earnings.

Wed, 07 Nov 2018 13:57:47 GMT

EU court to hear Brexit process case on November 27

The EU highest court has set November 27 as the official date for hearing on the Brexit reversal process, the Justice Court reported on Wednesday.

Wed, 07 Nov 2018 13:51:48 GMT

Disney gets EU approval to buy Fox's entertainment assets

The EU Commission has granted its approval this week for Walt Disney's $71.3B worth bid to acquire the entertainment assets of 21st Century Fox, if Disney agrees to sell interests in the European factual TV channels.

Wed, 07 Nov 2018 13:31:48 GMT

Dish Network posts 5% drop in Q3 revenue on Wednesday

Dish Network, the US satellite TV service operator, reported a 5% drop to $3.40B in its Q3 revenue due to a major drop to 367K in the number of subscribers, compared to the estimated loss of 232K customers.

Wed, 07 Nov 2018 13:21:21 GMT

Michael Kors posts lower-than-expected Q3 revenue

Michael Kors Holdings missed the Wall Street's estimates for its third-quarter revenue, which were tumbled by weaker sales at its EU retail stores.

Wed, 07 Nov 2018 12:39:33 GMT

Latvia's Bordans to become new Prime Minister

On Wednesday, the Latvian President Raimonds Vejonis has nominatred the New Conservative Party's Janis Bordans as the country's new Prime Minister.

Wed, 07 Nov 2018 12:30:28 GMT

Parmalat to acquire Kraft's Canadian natural cheese unit

Kraft Heinz agreed on its Canada's natural cheese business sale to Parmalat SpA in a $1.23B deal that would help Kraft cut its debt and expand the footprint of Parmalat's owner Lactalis in North America.

Wed, 07 Nov 2018 10:50:59 GMT

Ireland sees no Brexit deal in November

The Prime Minister of Ireland announced on Wednesday that a Brexit deal is unlikely going to be reached in November.

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