News

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Sat, 04 Mar 2017 12:14:32 GMT

Peugeot to buy Opel

Peugeot is expected to announce a deal to buy Opel from General Motors on Monday after reaching an agreement with the US carmaker. The acquisition will make the French carmaker Europe's second biggest automotive manufacturer after Volkswagen.  

Sat, 04 Mar 2017 10:56:57 GMT

Macron to win French presidency

The centrist candidate Emmanuel Macron strengthened his status as favourite to win the French presidency as pressure building on his counterpart Francois Fillon who faces a deepening financial scandal.  

Sat, 04 Mar 2017 10:56:30 GMT

Boris Johnson to visit Moscow

Britain's Foreign Minister Boris Johnson will visit Moscow to discuss differences between the two countries over Ukraine and Syria, in the first such visit for five years, the Foreign Office said. 

Sat, 04 Mar 2017 10:04:10 GMT

China and India should boost cooperation

China and India as the world's two biggest countries should concentrate on strengthening cooperation and enhancing mutual understanding rather than dwelling on disputes, a spokesperson for China's top legislature said. 

Sat, 04 Mar 2017 10:03:47 GMT

UK can exit EU without paying any bills

The UK can leave the EU without paying any bills, as government lawyers claim that no law or treaty can oblige the country to make payments for any financial liabilities owed to the bloc. 

Sat, 04 Mar 2017 09:08:51 GMT

Fillon's team members continue to quit

Key members of the French conservative presidential candidate Francois Fillon's team continue quitting amid a fallout from a financial scandal. The latest to leave were Fillion's campaign chief Patrick Stefanini and the main spokesman Thierry Solere. 

Sat, 04 Mar 2017 09:08:19 GMT

Market expectations stable for Yuan's exchange rate

While China's Yuan is  experiencing two-way fluctuations, market expectations remain stable about the currency's future trend, the central bank's Deputy Governor said, adding that China's forex reserves are more than suffecient. 

Sat, 04 Mar 2017 08:15:33 GMT

China to defer introduction of property tax

China to defer implementation of nationwide property tax this year, despite growing expectations that such steps will soon be taken to restrain soaring property prices, a spokeswoman for China's parliament said.

Sat, 04 Mar 2017 08:14:48 GMT

China's military budget to grow 7% this year

China's military budget to rise 7% this year, the slowest pace since 2010 and following a 7.6% increase in 2016. The nation's defense spending will account for 1.3% of GDP, the same level as the past few years. 

Sat, 04 Mar 2017 07:21:39 GMT

Turkish president lashes out at Germany

Turkey's President Recep Tayyip Erdogan lashed out at Germany after two Turkish ministers' rallies have been cancelled in German towns.

Sat, 04 Mar 2017 07:20:47 GMT

China plans to leave rates on hold

China's Central Bank Vice Governor Yi Gang hinted on Saturday that the bank does not plan to raise interest rates for now.

Sat, 04 Mar 2017 06:03:55 GMT

Mexico is ready to modernize NAFTA

The Mexican Economy Minister Ildefonso Guajardo said on Friday that the country was ready to negotiate changes to the North American Free Trade Agreement with the Trump administration.

Sat, 04 Mar 2017 06:02:50 GMT

Answers Corp files for bankruptcy

Answers Corp, which owns the answers.com web page filed for bankruptcy with a plan to give up ownership of the corporation to creditors.

Sat, 04 Mar 2017 05:28:48 GMT

Yellen points to rate hike in March

The US Federal Reserve Chair Janet Yellen said that an increase in interest rates could be "appropriate" in March.

Sat, 04 Mar 2017 05:27:50 GMT

Deutsche Bank to review capital increase of $8.5B

Deutsche Bank plans to review capital increase of $8.5B through an equity offering to improve its balance sheet.

Fri, 03 Mar 2017 21:01:03 GMT

Four dead outside Cairo

On Friday, the Egyptian interior ministry's forces shot four fugitives terrorists south-west of the capital, Cairo, the ministry reported in a statement.

Fri, 03 Mar 2017 20:50:03 GMT

Blumenthal demands Sessions is brought for questioning

On Friday, the US Democratic Senator Richard Blumenthal demanded Jeff Sessions, the US Attorney General, to be questioned over the concealment of him being in contact with the Russian ambassador during the presidential campaign in 2016.

Fri, 03 Mar 2017 20:21:28 GMT

Cult leader arrested in Congo

According to the police of Congo, on Friday, in the capital of of the Republic the leader of a separatist cult was arrested after a two-week long standoff.

Fri, 03 Mar 2017 20:17:14 GMT

Geneva peace talks bear fruit

After eight long days of peace talks in Geneva, the Syrian opposition accepted 12 UN general principles on Syria's future.

Fri, 03 Mar 2017 19:20:46 GMT

Yellen boost March rate hike confidence

On Friday, the Fed Governor Janet Yellen stated that a rate hike in March is possible if the upcoming employment and inflation data do not disappoint.

Fri, 03 Mar 2017 19:17:59 GMT

Le Pen plays parliamentary immunity card

On Friday, Marine Le Pen, a French presidential candidate, refused to give a statement to judges before the end of the elections, concerning allegations over the misuse of EU's funds.

Fri, 03 Mar 2017 18:08:30 GMT

Fischer claims human capital key to economic decisions

Stanley Fischer, the Vice Chair of the Federal Reserve, claimed that monetary policy is not enough to deal with the complexity of the economy, but human capital is of highest importance.

Fri, 03 Mar 2017 18:03:02 GMT

Oil gains upon weak Dollar

Oil prices surged upon a weaker Dollar, but Russian data that signaled a lack of compliance with the output deal made investors wary.

Fri, 03 Mar 2017 17:25:50 GMT

Prisoners freed amid regime shift in Gambia

As many as 98 prisoners were released in Gambia on Friday as part of the country's attempt to change the system after authoritarian leader Yahya Jammeh's ousting.

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