News

Note: This section contains information in English only.
Fri, 05 Apr 2019 08:39:21 GMT

Reuters publishes poll about EM currencies

On Friday, Reuters published the results of a poll about Emerging Market currencies. In general, surveyed market participants plan to trade cautiously with the currencies of the EM.

Fri, 05 Apr 2019 08:01:29 GMT

Tusk considers flexible Brexit extension

The President of the European Council of the European Union announced on Friday that the EU is considering the creation of a flexible Brexit extension system that would allow to extend the event up to one year.

Fri, 05 Apr 2019 08:01:04 GMT

Indonesia hurts EU imports

On Friday, European Union alcohol makers announced that they are facing difficulties to export their goods to Indonesia. The Indonesian government is not approving the EU producer applications for import. The difficulties are linked to a recent dispute about palm oil shipments from Indonesia to the EU.

Fri, 05 Apr 2019 07:01:51 GMT

At Home Group exploring potential sale

The US home décor retailer At Home Group is reviewing options, including a potential sale of the company, amid weak stock performance that made the group an acquisition target.

Fri, 05 Apr 2019 06:53:19 GMT

LG Electronics sees Q1 profit down 19%

On Friday, LG Electronics stated it expected its Q1 operating profit to fell 19% compared to the previous year, beating analysts' expectations for a wider drop.

Fri, 05 Apr 2019 06:39:36 GMT

Goldcorp accepts Newmont's $10B takeover bid

On Thursday, Goldcorp shareholders accepted a $10B worth takeover proposal made by Newmont Mining, in a deal that would create the world's biggest gold producer.

Fri, 05 Apr 2019 06:37:50 GMT

ECB seeks Deutsche Bank to lift fresh funds

The ECB will seek Deutsche Bank to lift fresh funds ahead of granting its approval for the merger with Commerzbank, sources familiar with the situation reported on Friday.

Fri, 05 Apr 2019 04:02:51 GMT

Japan's Aso suggests regional banks to try mergers

The Finance Minister of Japan Taro Aso addressed on Friday regional banks and said that mergers could be a solution against squeezed profits caused by low interest rates.

Fri, 05 Apr 2019 03:57:40 GMT

WTO head warns of no-deal Brexit risks

The Director-General of the World Trade Organisation (WTO) Roberto Azevedo stated on Thursday that some sectors of the Britsh economy would bear significant costs, if the government failed to negotiate a Brexit deal.

Thu, 04 Apr 2019 21:42:07 GMT

Alibaba cross border business expands rapidly

China's cross border procurement platform of e-commerce giant Alibaba expanded more than 120% in 2018 from the prior year, the company reports.

Thu, 04 Apr 2019 21:40:52 GMT

Cargill begins plant construction in China

The US based agriculture company Cargill has begun the construction of a plant in the east China's Jiangxi Province, the company reports.

Thu, 04 Apr 2019 18:22:45 GMT

Economy of Vietnam to grow 6.8% in 2019

The Vietnamese economy is expected to expand 6.8% in 2019 and another 6.7% in 2020, the Asian Development Bank reports.

Thu, 04 Apr 2019 18:22:17 GMT

ADB: Laos growth outlook remains stable

The economic growth in Laos is likely to remain stable over the next few years, a latest report published by the Asian Development Bank shows.

Thu, 04 Apr 2019 16:49:45 GMT

RBI cuts repo rate

The Reserve Bank of India on Thursday cut its repo rate by 0.25% to 6% to provide cheap financing for commercial banks, a statement issued by the RBI shows.

Thu, 04 Apr 2019 16:47:37 GMT

India projects 7.2% growth

The Reserve Bank of India on Thursday lowered the GDP growth forecast for the current fiscal year to 7.2% from a previous forecast of 7.4%, the central bank reports.

Thu, 04 Apr 2019 16:16:27 GMT

East African region to expand 5.9% in 2019

The East African region is expected to expand 5.9% in 2019, a slight increase from 5.7% growth in 2018, the African Development Bank reports.

Thu, 04 Apr 2019 16:15:39 GMT

Macao airport reports more passenger in Q1

Macao International Airport serviced more than 2.33M passengers in the first three months of 2019, a 17% increase from the prior year, the airport reports.

Thu, 04 Apr 2019 15:18:26 GMT

WB approves $100.5M to improve Bangladeshi public spaces

The World Bank has approved $100.5M to improve public spaces in four large neighbourhoods of Dhaka, the World Bank Country Director for Bangladesh and Bhutan says.

Thu, 04 Apr 2019 15:17:23 GMT

Angkor earns $36M in Q1

The Angkor Archaeological Park earned $35.9M in the first three months of 2019, a decline of 9% compared to the same period the prior year, a company statement shows.

Thu, 04 Apr 2019 14:36:37 GMT

Target lifts minimum wage to $13 per hour

Target is set to raise its minimum wage in the United States to $13 per hour starting from June, from the current value of $12, lifting the company's payroll costs and challenging the rival Walmart to lure retail employees in the labour market.

Thu, 04 Apr 2019 14:33:04 GMT

Elite school MIT trims ties with China tech firms

The Massachusetts Institute of Technology, the elite US school, has cut its ties with the Chinese tech companies, such as ZTE Corp and Huawei Technologies on the back of an inquiry into the firms for sanctions violation.

Thu, 04 Apr 2019 13:31:45 GMT

Toshiba's LNG unit transfer postponed

Toshiba stated on Thursday its transfer of the US LNG business to the Chinese firm ENN Ecological Holdings had been delayed due to the lack of approval by the US panel.

Thu, 04 Apr 2019 13:18:27 GMT

CMA to explore Visa's Earthport takeover

On Thursday, the British Competition and Markets Authority stated it had been exploring a takeover of the payments company Earthport Plc planned by Visa to view if it could cause less competition.

Thu, 04 Apr 2019 12:38:39 GMT

Ireland's INM gets takeover proposal

Independent News & Media, the Irish largest newspaper group, announced on Thursday it received a takeover proposal, sending its shares 23% up on the news.

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