News

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Mon, 23 Nov 2020 14:46:03 GMT

Canada October wholesale trade likely to rise

Canada's October wholesale sales are likely to surge by 0.9%, according to Statscan's flash estimate published on Monday.

Mon, 23 Nov 2020 14:17:15 GMT

US futures surge on vaccine hopes

On Monday, the US stock index futures surged on the back of hopes for the COVID-19 vaccine that could be available in the nearest time, renewing bets of better economic recovery in 2021.

Mon, 23 Nov 2020 13:06:26 GMT

Le Maire aims at pushing digital tax

France's Finance Minister Bruno Le Maire is planning to push the international digital tax overhaul in the first contact with the new Biden's administration scheduled on Monday.

Mon, 23 Nov 2020 12:08:15 GMT

Alpha Bank selects bidder for $12B bad loans

On Monday, Greece's Alpha Bank stated it had picked Davidson Kempner, the US investment fund, as the preferred bidder to acquire a $12.81B worth non-performing loan portfolio.

Mon, 23 Nov 2020 10:41:20 GMT

EU and UK continue trade talks

On Monday, negotiators from the United Kingdom and the European Union resumed the long ongoing trade talks.

Mon, 23 Nov 2020 10:24:28 GMT

Oil prices climbs on vaccine news

On Monday, oil prices climbed over 1%, extending the prior week's gains on the back of the expected recovery in demand amid successful COVID-19 vaccine trials.

Mon, 23 Nov 2020 08:57:54 GMT

European shares jump on vaccine hopes

On Monday, the European stock surged on hopes for the anti-coronavirus vaccine to boost the global economic revival, despite a rise in infection rates that clouded near-term outlook.

Mon, 23 Nov 2020 07:51:42 GMT

Deutsche Bahn, Siemens develop hydrogen trains

Deutsche Bahn and Siemens Mobility are developing hydrogen fuel cell trains, planning to launch their trials in 2024 with intention to replace diesel engines on Germany's rail networks.

Mon, 23 Nov 2020 07:37:37 GMT

Blackstone seeks $5B for Asia buyout fund

Blackstone Group is seeking to attract at least $5B for the second Asia buyout fund, according to Bloomberg News report seen on Sunday.

Mon, 23 Nov 2020 05:59:45 GMT

Russia prepares to work with any US leader

On Sunday, the Russian President Vladimir Putin stated that he was prepared to work with any leader of the United States.

Mon, 23 Nov 2020 05:02:41 GMT

Syria names Mekdad as new FM

On Sunday, the Syrian President Bashar al-Assad appointed Faisal Mekdad as Syria's Foreign Minister, the presidency announced in a statement.

Mon, 23 Nov 2020 04:00:40 GMT

Germany eyes 160B euros in new debt

According to sources with knowledge of the matter, Germany's Finance Minister Olaf Scholz intends to borrow 160B euros in new debt next year.

Mon, 23 Nov 2020 02:31:36 GMT

UK's Sunak says no return to austerity

Britain's Chancellor of the Exchequer Rishi Sunak said on Sunday that the United Kingdom would not return to austerity.

Sun, 22 Nov 2020 21:00:47 GMT

China Li Keqiang tells governments to create jobs

The Chinese Premier Li Keqiang told local authorities to create more jobs, expand effective investment and spur consumption, the China National Radio reports.

Sun, 22 Nov 2020 20:14:24 GMT

China Sinotruk launches $2.3B plant

Sinotruk, or the China National Heavy Duty Truck Group, has put into operation a $2.3B plant to produce up to 100,000 trucks annually.

Sun, 22 Nov 2020 19:00:49 GMT

Germany to raise $190B in debt in 2021

Germany plans to raise $190B in new debt the next year to offset the economic impact of the pandemic, the German Finance Minister Olaf Scholz says.

Sun, 22 Nov 2020 17:52:24 GMT

Canada retail sales rise in September

Retail sales in Canada increased for the fifth consecutive month by 1.1% to $41B in September, data published by the Statistics Canada show.

Sun, 22 Nov 2020 16:51:38 GMT

Laos trade deficit reaches $34M in October

Laos recorded a trade deficit of around $34M in October 2020, data published by the Ministry of Industry and Commerce show.

Sun, 22 Nov 2020 16:05:03 GMT

Moody's, Fitch downgrade South Africa

Credit rating agencies Moody's and Fitch have both downgraded the credit rating of South Africa to a junk status with the negative outlook.

Sun, 22 Nov 2020 14:56:32 GMT

Morocco air traffic contracts 70.79%

Around 6.1M passengers travelled through airports in Morocco in the first 10 months of 2020, a decline of 70.79% compared to the same period in 2019, the Moroccan Airports Authority reports.

Sun, 22 Nov 2020 13:53:46 GMT

China approves new IPOs

The China Securities Regulatory Commission approved IPOs of Shuhua Sports, Chengdu Rainbow Appliance and Sijin Intelligent Forming Machinery.

Sun, 22 Nov 2020 13:33:21 GMT

UK consumer spending to decline sharply in 2020

UK consumer spending is expected to decline 14.9% in 2020, compared to the previous year, the market research company Mintel reports.

Sun, 22 Nov 2020 13:24:23 GMT

Europe to lift ban from 737 MAX

The European Union Aviation Safety Agency stated on Sunday that it would lift its ban from the Boeing 737 MAX in January.

Sun, 22 Nov 2020 12:17:03 GMT

Nigeria falls into recession

According to the government data, Nigeria's GDP had decreased by 3.62% in Q3, thus representing a sign of a recession.

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