News

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Fri, 05 May 2017 06:13:10 GMT

Lippo Group to build $21B centre near Jakarta

Indonesia's Lippo Group reported that it would build a $21B centre near Jakarta that will include shopping centres, luxury hotels and universities.

Fri, 05 May 2017 06:09:33 GMT

ChemChina to acquire Syngenta for $43B

ChemChina has won Syngenta shareholders' approval to acquire the company for $43B, the two firms reported on Friday.

Fri, 05 May 2017 05:15:03 GMT

Malaysian export growth remains strong in March

Malaysian exports climbed 24.1% year-over-year in March, following the prior month's increase of 26.5% and surpassing expectations for a 19.2% rise, data released on Friday showed.

Fri, 05 May 2017 05:11:37 GMT

Japanese inflation to accelerate significantly

On Friday, the Bank of Japan Governor Haruhiko Kuroda expressed confidence that inflation would significantly accelerate amid massive monetary and fiscal stimulus.

Fri, 05 May 2017 04:21:43 GMT

New Zealand businesses lift inflation expectations

According the RBNZ's survey published on Friday, the two-year annualised inflation rate is seen at 2.17%, up from 1.92%.

Fri, 05 May 2017 04:10:52 GMT

Oil prices drop to five-month low amid oversupply concerns

Oil prices dropped to five-month lows during the Asian session on Friday on concerns that the OPEC-led deal to limit production has failed.

Fri, 05 May 2017 03:07:54 GMT

Shanghai launches lottery system to cool housing market

Shanghai's housing regulator is set to launch a lottery system for controlling new homes sales in attempt to cool the market and curb speculation.

Fri, 05 May 2017 03:02:07 GMT

UN Secretary-General encouraged by safe areas agreement for Syria

Antonio Guterres, the UN Secretary-General, is encouraged that an agreement to create safe zones in some areas of war-ravaged Syria was reached, the United Nations said.

Fri, 05 May 2017 02:29:29 GMT

Increasing housing prices in Toronto not sustainable

Growth in home prices in Toronto is forced partly by speculation and is unsustainable, the Bank of Canada Governor Stephen Poloz revealed.

Fri, 05 May 2017 02:19:56 GMT

South Korea, China, Japan pledge to withstand protectionism

South Korea, China, Japan agreed to confront protectionism, taking a stronger position than G20 main economies in opposition to the protectionist policies advocated by the US.

Thu, 04 May 2017 20:34:18 GMT

US House approves tighter North Korea sanctions

The US House of Representatives approved legislation to tighten sanctions concerning North Korea targeting companies that do business with the reclusive state.

Thu, 04 May 2017 20:29:19 GMT

Tusk calls for "moderation" ahead of Brexit talks

Donald Tusk has called for "mutual respect" between Britain and the EU ahead of British elections in June, saying disagreements could make Bexit talks impossible.

Thu, 04 May 2017 19:28:52 GMT

Tesla shares drop as investors worry Model 3 will be too good

Tesla shares have taken a dive, a day after the company posted a wider-than-expected loss, amid concerns that its upcoming Model 3 release is hurting sales of its Model S.

Thu, 04 May 2017 19:28:24 GMT

US House approves Republican health-care overhaul

The US Republicans successfully pushed their prized health-care bill through the House of Representatives on Thursday.

Thu, 04 May 2017 18:31:49 GMT

Tillerson meets Asia's ministers on North Korea

Rex Tillerson, the US Secretary of State, met the Foreign Ministers of Asia to seek their support on North Korea to stop its nuclear and missile tests.

Thu, 04 May 2017 18:29:59 GMT

Oil prices hit 2017 lows

Oil prices dropped on Thursday to their lowest level so far in 2017, with Brent breaking below $50, amid concerns of rising global supply and still high inventories.

Thu, 04 May 2017 16:51:31 GMT

EU chief expects Brexit talks tough if emotions unrestrained

The UK's looming talks with the European Union on leaving the bloc are set to become impossible if emotions remain unchecked, the EU Council President Donald Tusk said.

Thu, 04 May 2017 16:51:10 GMT

US trade deficit falls to $43.7B in March

The US trade deficit slightly declined to $43.7B in March from the preceding month's upwardly revised deficit of $43.8B due to broad decreases in exports and imports.

Thu, 04 May 2017 16:05:05 GMT

ECB policy guidance to evolve as Euro zone growth accelerates

Parts of the ECB policy guidance are likely to change over the time as growth in the Euro zone strengthens, the ECB Chief Economist Peter Praet said.

Thu, 04 May 2017 16:01:16 GMT

France, Spain, Portugal and Italy urge EU to reconsider economic models

France, Spain, Portugal and Italy urged the European Commission to review economic models and set economic growth as top priority when considering the EU countries' budgets.

Thu, 04 May 2017 15:16:52 GMT

EU to ease derivatives regulations in order to boost economy

The European Union proposed to ease its derivatives regulations to save billions of Euros for pension funds, as it aims to boost economy after the UK decided to quit the bloc.

Thu, 04 May 2017 15:11:37 GMT

US factory orders increase less than expected in March

US factory orders rose 0.2% in March, following an upwardly revised 1.2% in February and falling behind expectations of 0.4% increase, the Census Bureau revealed on Thursday.

Thu, 04 May 2017 14:00:12 GMT

US initial jobless claims drop more than expected

The number of Americans filing for unemployment benefits fell to 238K last week, following the prior week's 257K and topping (surpassing) expectations for a decline to 246K.

Thu, 04 May 2017 13:54:22 GMT

Czech PM postpones resignation to devise new cabinet's plan

The Czech Republic Prime Minister Bohuslav Sobotka decided to delay his and the cabinet's resignation amid his intention to devise a new plan for the government.

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