News

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Mon, 11 Feb 2019 14:43:31 GMT

EU Ministers discuss Euro Zone budget

On Monday, it was revealed by EU officials that the European Union's Finance Ministers are discussing the creation of a single budget for all the Euro Zone countries. The move would integrate the economies of the member countries more closely, increasing total output.

Mon, 11 Feb 2019 13:45:32 GMT

Spanish PM may call early elections

On Monday, the state owned news agency of Spain EFE reported that the Prime Minister of Spain is considering calling early elections on April 14. The reason for the decision is most likely the possibility of losing a key vote in the parliament.

Mon, 11 Feb 2019 13:45:26 GMT

Iraq conflicts with Exxon Mobil and Petrochina

On Monday, the Oil Minister of Iraq announced that there are still disagreements over sharing oil profits between the Iraqi government, Petrochina and Exxon Mobil. Due to that reason the new South Integrated Project is not moving forward.

Mon, 11 Feb 2019 13:03:20 GMT

Stocks surge on Monday

Global stock indices surged higher on Monday, as the global markets were looking forward to the resumption of trade negotiations between the United States and China.

Mon, 11 Feb 2019 13:02:52 GMT

Swiss Franc experiences flash crash

On Monday, the value of the Swiss Franc experienced a sudden flash crash. Namely, the pair experienced a brief one percent drop caused by large orders being executed in a climate of low liquidity.

Mon, 11 Feb 2019 10:29:54 GMT

Germany argues against hard border between two Irelands

The German Justice Minister Katarina Barley stated on Monday that creation of hard border between Ireland and Northern Ireland as a result of Brexit was unacceptable.

Mon, 11 Feb 2019 10:26:33 GMT

Commissioner Moscovici calls EU to be ready any Brexit outcome

The EU Economic Commissioner Pierre Moscovici stated on Monday that the member states must be prepared for all Brexit scenarios.

Mon, 11 Feb 2019 09:22:06 GMT

ECB's VP de Guindos expects inflation to rise

The European Central Bank's Vice President Luis de Guindos stated on Monday that core inflation in the Euro Zone is expected to surge in the mid term.

Mon, 11 Feb 2019 09:16:28 GMT

Britain tries to negotiate post-Brexit deal with Gulf states

The UAE Economy Minister Sultan Bin Saeed Al Mansouri stated on Monday that the UK has tried to start negotiations on post-Brexit trade agreement with his country and other regional states.

Mon, 11 Feb 2019 08:03:16 GMT

Oil prices decline on Monday

On Monday, crude oil prices edged lower by 1%, as the world's biggest oil producer and the global financial markets were pulled down by concerns.

Mon, 11 Feb 2019 08:03:08 GMT

Australian government faces huge electoral defeat

According to a major poll, the Australian conservative government is set for a crushing electoral defeat, ahead of the country's national election.

Mon, 11 Feb 2019 07:12:19 GMT

Asian shares decline on Monday

Asian shares began the new week with a decline, as investors and traders worries about global economic growth.

Mon, 11 Feb 2019 07:10:42 GMT

Taiwan's exports likely to shrink

According to forecasts by 14 analysts, Taiwan's exports are likely to have decreased by 2.93% in January from a year before.

Mon, 11 Feb 2019 06:27:04 GMT

Australian wealth funds slams management changes in NAB

The Chairman of Australian Future Fund Peter Costello stated on Monday that the simultaneous resignation of both National Australia Bank's Chairman and CEO was "not good practice".

Mon, 11 Feb 2019 06:22:47 GMT

Asian oil benchmarks bypass Brent

The price of two Middle East sour сrude benchmarks, DME Oman and Dubai, has surpassed the price of sweet Brent, as the US imposed sanctions on Venezuela and Saudi Arabia cut production more than expected.

Mon, 11 Feb 2019 05:27:06 GMT

White House wants to promote AI

Today the US President Donald Trump is expected to sing an executive order presupposing allocation of more federal funds in research and development of artificial intelligence (AI).

Mon, 11 Feb 2019 05:24:23 GMT

US warships approach China's islands in South China Sea

Two American destroyers sailed within 12 miles from disputed islands in the South China Sea, a source in Washington reported on Monday.

Mon, 11 Feb 2019 04:17:25 GMT

Brexit vote spurs UK firms into investing in EU

The 2016 Brexit referendum spurred the UK companies into higher investments in the EU countries markedly, an academic study revealed.

Mon, 11 Feb 2019 04:01:03 GMT

Apollo close to $3B deal to purchase Cox TV stations

Apollo Global Management was nearing a roughly $3B agreement to acquire Cox Enterprises' 14 TV stations, the largest of deals the firm was lining up to become the force in the US broadcasting, sources familiar with the matter stated.

Mon, 11 Feb 2019 03:34:22 GMT

Switzerland, Britain to sign post-Brexit trade deal

The UK and Switzerland are set to sign an agreement to proceed with trading over preferential terms after Brexit, protecting countries' trade relationships.

Mon, 11 Feb 2019 03:29:32 GMT

Chinese retail earnings increase 8.5% over holidays

China's catering and retail enterprises earned more than $148.3B over the Lunar New Year holiday, defying the economic slump to rise 8.5% from 2018, the Commerce Ministry stated.

Sun, 10 Feb 2019 18:10:57 GMT

Hungary's PM announces new tax and loan benefits

On Sunday, Hungary's Prime Minister Viktor Orban announced a new tax and loan benefits to boost the country's birth rate.

Sun, 10 Feb 2019 18:10:27 GMT

Oman Chlorine to open new plant in Qatar

Oman Chlorine has announced the inauguration of a new plant in the industrial city of Mesaieed, the investment cost of the project was not disclosed.

Sun, 10 Feb 2019 17:11:33 GMT

South Korean President Jae-in to confer with Trump on 2nd US-NK summit

South Korea's Blue House said on Sunday that President Moon Jae-in would consult with the US President Donald Trump about the 2nd summit between the United States and North Korea.

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