News

Note: This section contains information in English only.
Thu, 22 Jun 2017 08:16:02 GMT

UK May to stay PM until 2017-end

The UK Finance Minister Philip Hammond stated on Thursday that Theresa May was likely to serve as Prime Minister until the end of this year, despite her majority loss in the June 8.

Thu, 22 Jun 2017 07:19:30 GMT

Zagros Airlines plans to buy 28 jets from Airbus

According to the Airbus statement, the Iranian Zagros Airlines has signed a memorandum of understanding to purchase 20 A320neo planes and eight A330neo jets. The company noted that deal is in line with terms of the Joint Comprehensive Plan Of Action.

Thu, 22 Jun 2017 07:19:02 GMT

Oil prices slightly recover

The prices for crude oil slightly increased on Thursday morning, as the US gasoline and crude stockpiles slipped by 2.5M barrels.

Thu, 22 Jun 2017 06:14:53 GMT

Mobike opens a subsidiary in Japan

Mobike, the Chinese intelligent bike-share service provider, has established a subsidiary in one of the Japan's largest city Fukuoka and plans to start operating in second half of the year.

Thu, 22 Jun 2017 06:13:58 GMT

Home Capital to receive C$2B credit from Berkshire Hathaway

On Wednesday, the Home Capital Inc. said that the Berkshire Hathaway Inc. is ready to provide a C$2B loan to its subsidiary Home Trust Co. and at the same time acquire C$400M of Capital's ordinary shares. 

Thu, 22 Jun 2017 05:29:27 GMT

Takata to file for bankruptcy

According to several sources, Takata Corp is expected to file for bankruptcy on Monday, as it suffered the biggest recall in automotive history due to defective airbag inflators.

Thu, 22 Jun 2017 05:19:53 GMT

Banco de Mexico to raise rates

On Thursday, the Central Bank of Mexico is expected to raise its interest rates to 7% for the final time this year in order to keep rising inflation at bay.

Thu, 22 Jun 2017 04:32:49 GMT

Asian stocks advance as oil recovers

On Thursday, Asian stocks were seen edging higher, amid oil's attempts to recover from its 10-month low, which in turn was reached over supply glut concerns.

Thu, 22 Jun 2017 04:26:41 GMT

BoJ official says no need for rate hike

On Thursday, Kikuo Iwata, the Deputy Governor of the BoJ, stated that there is no need to raise interest rates at the moment, due to inflation still being far from the bank's 2% target, also adding that more monetary stimulus is required.

Thu, 22 Jun 2017 02:57:43 GMT

PBOC not to shrink balance sheet as Fed does

The People's Bank of China is unlikely to shrink balance sheet like the US Fed does as it is not facing similar pressure due to the usage of different policy tools.

Thu, 22 Jun 2017 02:57:33 GMT

Russia cancels meeting with US diplomat due to sanctions

Russia cancelled a meeting between US Undersecretary of State Thomas Shannon and Russian Deputy Foreign Minister Sergei Ryabkov, angered by new US sanctions.

Thu, 22 Jun 2017 02:12:23 GMT

World population to reach 9.8B by 2050

The United Nations expects the world population to hit 8.6B in 2030, and to reach 9.8B by 2050, despite an overall descrease in fertility rates.

Thu, 22 Jun 2017 02:10:04 GMT

Ukraine to spend $190M for modernization of maritime fleet

Ukraine is likely to spend about $190M in the five years by 2022 for maritime fleet development, the Ukraine's State Seaports Authority revealed.

Wed, 21 Jun 2017 20:17:34 GMT

Italian tax police seek five lenders in diamond sales inquiry

Italy tax police seized papers from offices of five banks in a probe over fraud related to the high-quality investment diamonds distribution to bank clients.

Wed, 21 Jun 2017 20:15:50 GMT

Ukraine to sign defence deals with US soon

Petro Poroshenko, the Ukrainian President, stated after meetings in Washington that the US and Ukraine are likely to sign a set of agreements to boost defence cooperation.

Wed, 21 Jun 2017 19:04:47 GMT

Fed's Harker expects trimming balance sheet in September

Philadelphia Fed President Patrick Harker revealed that the US Central Bank is likely to begin reducing balance sheet in September and defer rate hike until December.

Wed, 21 Jun 2017 19:03:42 GMT

Saudi Crown Price and Trump discuss Qatar, terror financing

Donald Trump congratulated Saudi Arabia's new Crown Prince on his elevation and discussed how to resolve Qatar issue and cut financial support for terrorists.

Wed, 21 Jun 2017 14:09:21 GMT

EU likely to agree on sanctions extension for Russia

On Wednesday, Germany's senior official stated that the European Union would likely to extend the sanctions imposed against Russia as the bloc's order term would expire in July.

Wed, 21 Jun 2017 13:53:28 GMT

Central African town death toll may exceed 100

At least 100 people may have been dead amid clashes between rival factions on Tuesday in the Central African town Bria.

Wed, 21 Jun 2017 13:25:20 GMT

Intel to cooperate with Israeli Team8 on cyber security

Intel Corp. formed a strategic alliance with the Israeli start-ups creator Team8 as two companies aim to focus on cyber security protection and problems.

Wed, 21 Jun 2017 12:33:48 GMT

French MoDem ministers' resignation simplifies things: Castaner

The French government spokesman Christophe Castaner stated that the MoDem party ministers' resignation would "simplify things" following a scandal the MoDem party got embroiled in over public funding misuse.

Wed, 21 Jun 2017 12:21:29 GMT

China to boost GDP services share to 60% by 2025

According to the NDRC, China seeks to increase its service sector share of total GDP to 60% by 2025 as it would help the country to upgrade and balance its economy.

Wed, 21 Jun 2017 11:33:40 GMT

China attempts to resolve North Korea crisis

China stated that it was making unremitting attempts on North Korea's nuclear crisis after the US President Donald Trump announced that Beijing failed to convince Pyongyang to keep a tight rein on its missile programme.

Wed, 21 Jun 2017 11:26:24 GMT

French music fest to go on despite Brussels incident

According to the French government, the annual street music festival will go ahead despite Tuesday's failed attack in Brussels and several other terrorist incidents.

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