News

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Sat, 03 Mar 2018 06:34:49 GMT

Security Council condemns attacks in Burkina Faso

The UN Security Council strongly condemned attacks against the French Embassy in Ouagadougou, a capital of Burkina Faso.

Sat, 03 Mar 2018 06:34:05 GMT

Vietnam-Myanmar trade hits $500M

Bilateral trade between Vietnam and Myanmar reached $538M for the previous nine months, the Global New Light of Myanmar reports.

Sat, 03 Mar 2018 05:38:07 GMT

US to outline Africa policy

The US Secretary of State Rex Tillerson plans to outline relationship with Africa prior to his visit to the region, the State Department says. 

Sat, 03 Mar 2018 05:36:51 GMT

Former Rio governor gets jail term

The former Governor of Rio de Janeiro state Sergio Cabral has been jailed for 13 years for money laundering.

Sat, 03 Mar 2018 03:30:46 GMT

US underlines trade challenges with China

Senior US officials emphasised concerns on the country's trade deficit with China, unfair treatment of the US firms and market access in talks with China's top economic adviser.

Sat, 03 Mar 2018 03:29:41 GMT

ArcelorMittal remains by $1B Mexico investment

The world's biggest steelmaker ArcelorMittal stated that it stood by plans to invest $1B to build a new manufacturing line in Mexico, despite trade uncertainties.

Fri, 02 Mar 2018 21:17:39 GMT

Wisconsin Governor calls on Trump to reconsider import tariffs

The Wisconsin Republican Governor Scott Walker called on the US President Donald Trump to reconsider his tariffs on imported steel and aluminium.

Fri, 02 Mar 2018 21:16:38 GMT

EU considers imposing tariffs on US imports to ‘rebalance' trade

Sources close to the matter reported that the EU was considering imposing tariffs on $3.5B worth of US goods to "rebalance" trade with the United States.

Fri, 02 Mar 2018 21:15:38 GMT

Wisconsin Governor calls on Trump to reconsider import tariffs

The Wisconsin Republican Governor Scott Walker called on the US President Donald Trump to reconsider his tariffs on imported steel and aluminium.

Fri, 02 Mar 2018 20:04:29 GMT

Mark Carney says cryptocurrency technology has potential

The BoE Governor Mark Carney stated on Friday that cryptocurrencies failed as a form of money but the underlying technology might improve the financial system.

Fri, 02 Mar 2018 20:02:36 GMT

ECB stops supervision of VTB Bank's Austrian branch

The ECB reported on Friday that it stopped supervising the Austrian branch of VTB Bank, a state-controlled Russian bank.

Fri, 02 Mar 2018 19:32:52 GMT

US real wage growth remains subdued

The Economic Policy Institute, a non-profit American think tank, reported that median real wages grew just 0.2% over the last year.

Fri, 02 Mar 2018 19:05:51 GMT

IMF sees damage from US tariffs on steel and aluminium

The IMF reported on Friday that the recently imposed US tariffs on steel and aluminium would likely hurt economies badly.

Fri, 02 Mar 2018 18:04:07 GMT

J.C. Penney Co shares drop 10% amid negative outlook on profit

J.C. Penney Co reported on Friday that its full-year profit would likely miss original estimates, sending its shares down 10%.

Fri, 02 Mar 2018 18:03:20 GMT

IHeart Media can file for bankruptcy as soon as this weekend

Sources close to the matter reported that IHeart Media, the US largest radio broadcaster, could file for bankruptcy as soon as this weekend.

Fri, 02 Mar 2018 17:19:09 GMT

Trump says trade wars are ‘easy to win'

On Friday, the US President Donald Trump stated that trade wars were "good, and easy to win", following the introduction of tariffs on steel and aluminium.

Fri, 02 Mar 2018 17:18:15 GMT

US banks bet on London as their European hub

Data released on Friday showed that top US banks planned to hire more people in London than in any other European city despite the country's withdrawal from the EU.

Fri, 02 Mar 2018 16:10:25 GMT

Canadian economy expands in line with forecasts in December

Statistics Canada reported on Friday that the country's economy grew 0.1% month-on-month in December, following the prior month's expansion of 0.4% and meeting analysts' expectations.

Fri, 02 Mar 2018 16:09:38 GMT

Mood among American shoppers cools less than expected last month

The University of Michigan reported that its Consumer Sentiment Index fell to 99.7 in February from the prior month's 99.9, while analysts anticipated a decrease to 99.4.

Fri, 02 Mar 2018 15:34:28 GMT

Xerox rejects Deason's plans on board nomination

Xerox stated on Friday that its activist investor Darwin Deason did not have rights to name directors to the board outside the nomination window, after he had tried to nominate a full list of directors.

Fri, 02 Mar 2018 15:20:19 GMT

US steel tariffs may hit Russia, but less than China, EU

According to Russia's Deputy PM Arkady Dvorkovich, the US tariffs imposed on aluminium and steel imports might hit Russia; however, the damage would be less compared to the EU or China.

Fri, 02 Mar 2018 14:34:14 GMT

Britain nears agreement on Brexit implementation period terms

On Friday, the British Prime Minister Theresa May stated that the country was close to the agreement with Brussels on the implementation period terms that would smooth its withdrawal from the bloc.

Fri, 02 Mar 2018 14:29:05 GMT

UNICEF: aid convoy for 180K Syrians likely to go on Sunday

According to the UNICEF agency, the aid convoy for 180K Syrian people could go to Douma, in the eastern Ghouta's besieged enclave, already this Sunday.

Fri, 02 Mar 2018 12:53:54 GMT

EU warns of backlash to US aluminium, steel tariffs

The European Union has warned the United States on Friday of a possible retaliation, in case the President Donald Trump's severe tariffs on imported aluminium and steel apply to Europe.

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