News

Note: This section contains information in English only.
Sat, 09 Mar 2019 03:07:52 GMT

EU set to give UK unilateral right to leave customs union

Michel Barnier, the EU Chief negotiator, said on Friday that the European Union is ready to give the United Kingdom the unilateral right to exit the customs union.

Fri, 08 Mar 2019 20:46:57 GMT

Italy industrial production rises 1.7%

The Italian industrial production increased by 1.7% in January compared to the prior month, the National Institute of Statistics reports.

Fri, 08 Mar 2019 20:46:21 GMT

France trade deficit widens to €4.2B

The French trade gap widened 16.7% in January to €4.2B, compared to the prior month, the French Customs Office reports.

Fri, 08 Mar 2019 20:37:46 GMT

Bank of China issues €500M bond in France

The Bank of China, one of China's largest lenders, has issued a €500M euro bond in France on the European stock exchange Euronext.

Fri, 08 Mar 2019 20:36:53 GMT

German industrial orders decrease

New orders in the German industrial sector decreased 2.6% in January, the largest decrease since June 2018, the German Federal Statistical Office reports.

Fri, 08 Mar 2019 18:02:55 GMT

IMF supports reforms in Zimbabwe

Zimbabwe's reforms in the financial sector are a step in the right direction, the International Monetary Fund Director of Communications Gerry Rice says.

Fri, 08 Mar 2019 17:59:49 GMT

India: small businesses create 13.9% more jobs

The small business sector in India has created 13.9% more jobs over the past four years, a report published by the Confederation of Indian Industry shows.

Fri, 08 Mar 2019 16:52:56 GMT

ECB to keep rates unchanged

The European Central Bank plans to keep the key interest rate unchanged until the end of 2019, the President of the European Central Bank says.

Fri, 08 Mar 2019 16:52:09 GMT

Austrian FM to visit Russia

The Austrian Foreign Minister Karin Kneissl plans to visit Moscow to meet with the Russian counterpart Sergei Lavrov, the Russian Foreign Ministry reports.

Fri, 08 Mar 2019 15:48:52 GMT

German industrial orders decline sharply in January

The number of new orders for Germany's industrial sector dropped 2.6% in January, marking the steepest month-over-month fall since June 2018, preliminary figures by Destatis revealed.

Fri, 08 Mar 2019 15:44:16 GMT

US economy gains 20K positions in February

The US job growth stalled last month, with the country's economy creating only 20K jobs, as retail and construction payrolls declined, which could increase concerns over a sharp fall in economic activity.

Fri, 08 Mar 2019 14:55:42 GMT

Germany's EWE launches minority stake sale

Germany's regional utility EWE has launched the sale of its 26% minority stake, with potential suitors awaited to express their interest by March 21 until 100 GMT.

Fri, 08 Mar 2019 14:50:48 GMT

DowDuPont to split material science unit

On Friday, DowDuPont announced its board had approved split of the material science unit, which name would be changed for Dow, starting from April 1.

Fri, 08 Mar 2019 14:39:08 GMT

Metro aims to sell Real hypermarkets this spring

Germany's wholesaler Metro is seeking for a sale of the company's loss-making hypermarkets chain Real within the next two months, its CEO Olaf Koch announced on Friday.

Fri, 08 Mar 2019 14:36:32 GMT

Michelin acquires 88% in Indonesia's Multistrada

Michelin, the French tire maker, stated it had acquired an 88% stake in the Indonesian peer firm Multistrada Arah Sarana in a deal valued at $480M, boosting its presence in the Asian market.

Fri, 08 Mar 2019 13:39:11 GMT

China regulator grants approval to 95 video games

On Friday, Chinese content regulator has granted its approval to the 95 video games monetisation, including titles from NetEase and Tencent Holdings.

Fri, 08 Mar 2019 13:36:59 GMT

Tesla ties up with China lenders over Gigafactory

Tesla has entered an agreement with the Chinese lenders for a %521M worth 12-month facility for the electric automaker's Gigafactory in Shanghai, securing new banks commitments to invest in the US.

Fri, 08 Mar 2019 12:36:40 GMT

Consortiums bid for gas pipeline building in Bulgaria

Three consortiums have made their bids, seeking for a $1.6B worth construction of a gas pipeline in Bulgaria to carry Russia's natural gas across the country, according to Bulgartransgaz.

Fri, 08 Mar 2019 12:23:18 GMT

Germany's Linde plans South Korea assets sale

Linde, Germany's industrial gases group, agreed for a sale of its South Korea assets to the local PE company IMM in a deal worth $1.15B, two people with knowledge on the matter stated on Friday.

Fri, 08 Mar 2019 10:44:19 GMT

Swedish Crown reaches new low level

The Swedish Crown on Friday reached a sixteen year low level. The reason for the fall was the announcement that the central bank of Sweden will continue its monetary stimulating policy.

Fri, 08 Mar 2019 10:43:48 GMT

Touchstone will invest in Helsinki-Tallinn tunnel

On Friday, the Chinese firm Touchstone Capital Partners announced that it will invest fifteen billion EUR in the building of a rail tunnel between Helsinki and Tallinn.

Fri, 08 Mar 2019 10:35:35 GMT

Airbus shares drop on weak orders

On Friday, Airbus shares plunged 1.7% on a report of the European planemaker's weak order figures.

Fri, 08 Mar 2019 10:27:10 GMT

Uber pays $2.6M in Dutch case settlement

Uber had to pay about $2.6M to settle the Dutch case, as the company offered taxi service with no licence in the country in 2014-2015, the Netherlands authorities stated on Friday.

Fri, 08 Mar 2019 09:14:57 GMT

Yamana Gold set to develop Argentinian mine

Yamana Gold has tied up with other miners, Goldcorp and Glencore, to develop Yamana's Agua Rica copper and gold mine in Argentina by using facilities and infrastructure of the all firms' existing venture.

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