News

Note: This section contains information in English only.
Tue, 04 Feb 2020 08:10:24 GMT

China's currency and stock markets remain stable

The Chinese Yuan and the equity and commodities markets remained stable on Tuesday. The Shanghai Composite opened 2% lower, before clawing its way back from losses to stand 0.6% stronger.

Tue, 04 Feb 2020 07:02:26 GMT

China's Central Bank injects more cash into market

On Tuesday, the People's Bank of China has flooded the Chinese economy with a huge amount of cash to stabilise and restore market confidence.

Tue, 04 Feb 2020 06:31:27 GMT

WeWork names new CEO

On Monday, WeWork named a real estate veteran Sandeep Mathrani as the company's new CEO. Mathrani would lead the company in a turnaround.

Tue, 04 Feb 2020 04:31:52 GMT

Merkel prepares for EU treaty changes

The Chancellor of Germany Angela Merkel stated on Monday that she is ready to back changes to the Lisbon Treaty that is the foundation of the EU.

Tue, 04 Feb 2020 04:29:59 GMT

EU and UK clash over trade

On Monday, European Union and United Kingdom politicians clashed over a post-Brexit trade agreement, as the two vision of future differed. The situation caused a decline of the GBP.

Mon, 03 Feb 2020 22:28:28 GMT

Oil declines on Monday

During Monday's trading, crude oil prices declined, as during the weekend it was revealed that during January Russia had increased not cut oil production.

Mon, 03 Feb 2020 20:54:18 GMT

Wall Street rises in early trading

During the early hours of US trading, on Monday, stock indices surged. The move upwards was caused by an influx of Chinese central bank funds into the global markets.

Mon, 03 Feb 2020 19:41:26 GMT

Safe haven assets decline

During Monday's European trading session, safe haven assets declined in value, as the recent run to safety had ended due to China adding billions in liquidity to global financial markets.

Mon, 03 Feb 2020 18:28:50 GMT

Apple is hit by coronavirus

On Monday, it was revealed by Reuters that due to coronavirus production has been stopped at a Foxconn factory that produces parts for Apple.

Mon, 03 Feb 2020 17:43:49 GMT

Julius Baer to cut 300 positions

Julius Baer is set to cut 300 jobs in 2020, as the Swiss wealth manager seeks to increase profitability after its earnings dropped during 2019.

Mon, 03 Feb 2020 16:58:25 GMT

Russian economy expands 1.3% last year

The Russian economy rose at 1.3% pace in 2019, preliminary report showed on Monday, slightly exceeding economists' expectations.

Mon, 03 Feb 2020 15:44:17 GMT

Germany's current account surplus still largest

Germany's current account surplus was still the world's largest, accounting for some $293B in 2019 despite trade tensions, the Ifo economic institute reported.

Mon, 03 Feb 2020 14:44:15 GMT

Boris Johnson comments on Brexit

On Monday, the Prime Minister of the United Kingdom Boris Johnson stated that Britain would prosper no matter if or not his preffered trade deal with the EU is made.

Mon, 03 Feb 2020 13:47:52 GMT

Ryanair posts quarterly profits

During Monday's early European trading hours, Ryanair posted better than expected earnings and caused a four percent surge in the company's stock price.

Mon, 03 Feb 2020 13:04:00 GMT

Worldline buys Ingenico

On Monday, payments company Worldline revealed that it had agreed to buy its rival Ingenico for a sum of $8.7 billion.

Mon, 03 Feb 2020 11:48:41 GMT

Stocks hit low level

During Monday's European and Asian trading hours, global stock indices reached a seven week low level.

Mon, 03 Feb 2020 11:19:51 GMT

OPEC+ considers production cuts

On Monday, OPEC+ stated that it is considering increasing oil output by 500,000 barrels per day. Meanwhile, Russian statistics revealed during the weekend that Russia has increased output.

Mon, 03 Feb 2020 10:01:30 GMT

Indonesia's annual inflation at 2.68%

According to analysts polled by Reuters showed that Indonesia's annual inflation at 2.68%, lower than the market expected.

Mon, 03 Feb 2020 09:04:28 GMT

India's manufacturing activity reaches nearly eight years high

According to a private survey, India's January factory activity surged at the fastest pace in almost eight years.

Mon, 03 Feb 2020 08:04:17 GMT

Taiwan's Wistron plans to assemble iPhones parts in India

According to two sources with knowledge of the matter, Apple supplier Wistron Corp intends to assemble key iPhone component in India.

Mon, 03 Feb 2020 07:01:12 GMT

Oil prices continue to decline

Crude oil prices continued to edge lower on Monday. The decline was attributed to concerns about lower demand for crude oil in China.

Mon, 03 Feb 2020 06:29:01 GMT

Indonesia central bank intervenes to steady rupiah

On Monday, the Central Bank of Indonesia intervened into forex trading in order to stabilize the local currency which fell 0.5% last week amid the coronavirus outbreak.

Mon, 03 Feb 2020 04:02:05 GMT

Britain lays out stance on EU trade negotiations

On Sunday, Prime Minister Boris Johnson's government laid out its position for the upcoming trade negotiations between the United Kingdom and the European Union.

Mon, 03 Feb 2020 02:47:24 GMT

UAE's Al-Nahyan allocates $2B to Mauritania projects

According to the WAM report, the Crown Prince of Abu Dhabi Sheikh Mohamed bin Zayed Al Nahyan has allocated $2B to Mauritania for investment projects.

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