News

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Fri, 08 Feb 2019 12:36:37 GMT

Japanese weak household spending point to fragile outlook

Japan's household spending increased slightly, while bonus payments encouraged wage growth in December, though the trends pointed to difficulties for the country's economy as risks to expansion increase.

Fri, 08 Feb 2019 11:13:43 GMT

Germany's foreign trade at new record last year

The volume of German foreign trade reached a record last year, the Federal Statistics Office stated, underlining how exposed the economy is to a global trading system, which is under the threat of a trade war.

Fri, 08 Feb 2019 11:09:19 GMT

India's CB to cut rates before elections

The Reserve Bank of India is anticipated to cut interest rates next quarter, a Reuters poll showed, with a majority expecting policy easing to occur ahead of the general election in May.

Fri, 08 Feb 2019 10:20:58 GMT

Putin to meet UK businessmen

Dmitry Peskov, the Kremlin Spokesman, stated on Sunday that Russia's President Vladimir Putin has accepted a proposal to meet with British businessmen working in Russia.

Fri, 08 Feb 2019 10:17:58 GMT

Russia hopes EU finds compromise on Nord Stream 2

The Kremlin Spokesman Dmitry Peskov stated on Friday that Russia hoped that members of the European Union would manage to settle all disputes over construction of the Nord Stream 2.

Fri, 08 Feb 2019 09:14:47 GMT

Rusal's stock value surges 12%

On Friday, the value of shares of Russian aluminum colossus Rusal increased by 12%, as the company shared its projection on the perspective of growth of demand on aluminum this year.

Fri, 08 Feb 2019 09:10:11 GMT

Jerry Nadler to testify before US Hosue Panel

Jerry Nadler, the acting US Attorney General, will stand today before the House Judiciary Committee and testify about his supervision of Robert Mueller's investigation.

Fri, 08 Feb 2019 08:16:12 GMT

Facebook tightens political ad in India ahead of election

Facebook Inc is tightening political advertisement policies in India to create transparency ahead of India's general elections.

Fri, 08 Feb 2019 08:15:56 GMT

FT: Scholz says slower growth will lead to lower tax receipts

Financial Times reported on Friday that Olaf Scholz, the German Finance Minister, said that slower growth of Europe's biggest economy could put pressure on the budget and lead to lower tax receipts.

Fri, 08 Feb 2019 07:11:07 GMT

Asian stocks lose ground on Friday

Asian shares declined on Friday, as investors and traders worried about global economic slowdown and trade war between the United States and China.

Fri, 08 Feb 2019 07:10:32 GMT

Foreign businesses in Cuba wary of Impact from US threats

According to experts, businessmen and diplomats, investors in Cuba are fighting to defend their interests, while others are wary of impact from the US threats to Venezuela.

Fri, 08 Feb 2019 06:26:16 GMT

US Senate unveils resolution against Nord Stream 2

On Thursday, the US Senate Foreign Relations Committee presented a resolution urging the cancellation of construction of the Nord Stream 2 gas pipeline.

Fri, 08 Feb 2019 06:19:57 GMT

EU plans to add Saudi to AML blacklist

According to the Financial Times, the European Union plans to add Panama and Saudi Arabia to the list of countries showing weak results in the fight against money laundering.

Fri, 08 Feb 2019 05:32:40 GMT

Oil prices fall amid US-China confrontation

Crude oil prices dropped by 44 cents or 0.8% on Friday morning, reaching $52.20 per barrel, as investors focused on deceleration of economic growth amid confrontation between the US and China.

Fri, 08 Feb 2019 05:25:59 GMT

Bezos accuses National Enquirer's owner of blackmail

The CEO of Amazon.com Inc Jeff Bezos on Thursday stated that American Media Inc, the owner of the tabloid National Enquirer, threatened to publish his intimate photos if he refused to publicly admit that publications against him were not politically motivated.

Thu, 07 Feb 2019 20:49:35 GMT

China telecom sector expands

The Chinese telecom sector expanded 3% to $190B in 2018, compared to the year 2018, the Ministry of Industry and Information Technology reports.

Thu, 07 Feb 2019 20:48:36 GMT

Philippines plans to attract 8.2M tourists

The Philippines plans to attract 8.2M tourists this year, an increase from 7.1M tourists in 2018, the Department of Tourism Secretary Bernadette Puyat says.

Thu, 07 Feb 2019 20:34:07 GMT

Chinese firms create 8,000 jobs in Zambia

Chinese companies have created more than 8,000 jobs at the Chambishi and Lusaka economic zones, the ZCCZ Corporate Affairs Manager Steven Lindunda says.

Thu, 07 Feb 2019 20:33:20 GMT

Russia warns US against use of force in Venezuela

The US should avoid using force to topple the legitimate government of Venezuela, the Russian Deputy Foreign Minister Sergei Ryabkov says.

Thu, 07 Feb 2019 19:27:55 GMT

EС lowers GDP forecast for Poland

The European Commission downgraded GDP growth forecast for Poland to 3.5% from 3.7% in 2019 and to 3.2% from 3.3% in 2020.

Thu, 07 Feb 2019 19:27:04 GMT

Tanzania pledges to enhance business environment

Tanzania pledges to improve the business environment and facilitate foreign and local investments, the Tanzanian Prime Minister Kassim Majaliwa says.

Thu, 07 Feb 2019 18:29:17 GMT

Juncker: EU won't reopen negotiations on Brexit deal

The EU will not reopen negotiations on the Brexit agreement with the UK, the European Commission President Jean-Claude Juncker says.

Thu, 07 Feb 2019 18:28:38 GMT

French trade deficit widens

The French trade deficit widened by €2.1B to €59.9B in 2018, compared to the prior year, as oil prices soared, the French Customs Office reports.

Thu, 07 Feb 2019 17:26:52 GMT

Federal Reserve's Kaplan comments on fiscal stimulus

The head of the Dallas Federal Reserve Robert Kaplan on Thursday announced that the stimulus form government spending and tax cuts is decreasing and causing the slowdown of the economy not the Federal Reserve's rate hikes.

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