News

Note: This section contains information in English only.
Sat, 29 Sep 2018 13:51:36 GMT

Knorr disputes Bosch exit from joint venture

As Bosch announced that the company wishes to leave a joint venture that it has with Knorr-Bremse, Knorr announced that they will dispute Bosch's right to do so.

Sat, 29 Sep 2018 13:07:20 GMT

Maldives opposition leader is proclaimed winner of elections

On Saturday, the Elections Commission of the Maldives announced that they are officially declaring Ibrahim Mohamed Solih the winner of the presidential election.

Sat, 29 Sep 2018 12:54:47 GMT

Bosch wants to sell Knorr-Bremse stock

Due to the revealed dispute between Bosch and Knorr-Bremse Bosch intends to sell its 20% stake in Knorr for 380 million Euros.

Sat, 29 Sep 2018 12:54:10 GMT

Knorr-Bremse disclose dispute with Bosch

On Saturday, Knorr-Bremse the brake maker from Germany revealed a contract dispute that the company has with Robert Bosch.

Sat, 29 Sep 2018 12:38:16 GMT

Japan signs off the first loan payment to India's rail project

On Saturday, Japan has signed off the first part of the loan to India to support the construction of the 500-kilometer railways system between Ahmedabad and Mumbai.

Sat, 29 Sep 2018 12:34:33 GMT

Iran allows central bank to intervene in foreign exchange market

On Saturday, the state TV of Iran claimed that country's authorities have allowed the Central Bank of Iran to intervene in the foreign exchange market operations after a significant fall of its rial currency.

Sat, 29 Sep 2018 11:37:23 GMT

Emir of Qatar to visit Latin America

On Saturday, the state news agency of Qatar claimed that the Emir of Qatar Tamim bin Hamad Al Thani would visit Latin America on Monday to develop new business and trade partners in the region.

Sat, 29 Sep 2018 11:34:39 GMT

China to develop anti-terror force to protect overseas interests

On Saturday, a senior Chinese official claimed that China is working on establishing a special antiterror force which would operate abroad and at home to protect the state's overseas interests.

Sat, 29 Sep 2018 10:36:45 GMT

Saudi Arabia expects $11B inflow in the country debt

On Saturday, Saudi Arabia claimed that it is expecting to receive $11B inflow into the debt of the country after the inclusion of its bonds in JP Morgan's markets bond indexes.

Sat, 29 Sep 2018 10:33:13 GMT

China's central bank to keep ample liquidity

On Saturday, the Central Bank of China claimed that it is planning to maintain ample liquidity and to keep the monetary policy neutral because of the trade issues with the US.

Sat, 29 Sep 2018 09:29:07 GMT

Belarus to resume talks with IMF regarding new loan

On Saturday, the Finance Minister of Belarus Maxim Yermolovich claimed that Belarus is planning to resume negotiations with International Monetary Fund about the new IMF loan in 2020 which have been previously suspended in 2017.

Sat, 29 Sep 2018 09:23:52 GMT

ECB governor: normalising monetary policy of Europe will be a long process

On Saturday, the Head of Bank of Finland and the member of the governing council of ECB Olli Rehn claimed that normalising the monetary policy of Europe will be a long and gradual process.

Sat, 29 Sep 2018 08:33:52 GMT

UK Business secretary optimistic of Brexit deal

On Saturday, the Business Secretary of the UK Greg Clark claimed that there are grounds of optimism regarding a possible deal between the EU and the UK after the country leaves the European block.

Sat, 29 Sep 2018 08:19:38 GMT

LG Display to cut jobs via voluntary retirement

On Saturday, a spokeswoman of LG Display, the largest South Korean manufacturer of screens and a supplier of Apple, claimed that a company is planning to cut jobs via voluntary retirement for the first time in the company's history.

Sat, 29 Sep 2018 07:18:25 GMT

Belgium to file suit against Google

The Defence Ministry of Belgium is willing to bring Google to court for fail to comply with its requirement to blur pictures of sensitive military objects.

Sat, 29 Sep 2018 07:14:19 GMT

Germany and Turkey to restore relations

During an official visit to Germany, the Turkish President Recep Tayyip Erdogan and the German Chancellor Angela Merkel emphasized the need to restore bilateral relations after a two-year downfall.

Sat, 29 Sep 2018 06:24:28 GMT

BCRA to adopt new monetary policy

On Friday, the Central Bank of Argentina (BCRA) announced adoption of a new monetary policy aimed, inter alia, at lowering the Bank's intervention in the foreign exchange market and

Sat, 29 Sep 2018 06:20:14 GMT

China says does not need to retake world domination

The Foreign Minister of China Wang Yi stated on Friday that his country had no goal to become the top country in the world, thus retaking this title from the US.

Sat, 29 Sep 2018 05:14:09 GMT

China not to allow to be blackmailed

The State Councilor of China Wang Yi repeated on Friday that protectionism will bring negative consequences to all, yet China will not allow to be blackmailed.

Sat, 29 Sep 2018 05:07:29 GMT

China's tax cuts to surpass target

The Minister of Finance of China Liu Kun said on Saturday that total amount of tax reductions this year will be above expectations and exceed the mark of $189.28B.

Sat, 29 Sep 2018 04:10:29 GMT

Summit between US and Central American nations to be held in October

Mexican authorities have confirmed that they will join a meeting organized by the United States in Washington on October 11 and 12 with other Central American nations to discuss illegal migration problem.

Sat, 29 Sep 2018 04:04:24 GMT

GM to recall 3.3M cars in China

The China's State Administration for Market Regulation stated on Saturday that General Motors' local unit, Shanghai GM, will be forced to recall nearly 3.3M Cadillac, Chevrolet and Buick because of a problem with suspension system.

Sat, 29 Sep 2018 02:51:24 GMT

Russia begins delivery of missile system to Syria

The Foreign Minister of Russia Sergei Lavrov claimed that Russia has begun the delivery of S-300 missile systems to Syria and warned that Western powers are trying to undermine efforts of the UN to end the conflict.

Sat, 29 Sep 2018 02:51:12 GMT

Facebook discloses cyber attack affecting 50 million users

On Friday, Facebook Inc claimed that hackers have stolen login codes from its users, allowing hackers to take up to 50 million accounts of social network's users.

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