News

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Mon, 14 Jan 2019 19:03:03 GMT

Cambodia ports profits surge in 2018

Cambodia's state-owned ports Sihanoukville Autonomous Port and Phnom Penh Autonomous Port earned $8.97M and $7.35M respectively in 2018, a significant increase in earnings compared to 2017.

Mon, 14 Jan 2019 19:02:30 GMT

Brunei CPI rises 0.2% in November

Brunei's Consumer Price Index increased by 0.2% compared to the same period the prior year, the Department of Economic Planning and Development reports.

Mon, 14 Jan 2019 18:30:26 GMT

Cambodia rice export drops in 2018

Cambodia exported 626,225 tons of rice in 2018, a decline of 1.5% compared to the previous year, the Secretariat of One Window Service for Rice Export reports.

Mon, 14 Jan 2019 18:29:43 GMT

Inflation in Russia rises to 4.3% in 2018

Inflation in Russia increased to 4.3% in 2018 from a record low of 2.5% in 2017, the National Statistical Office Rosstat says.

Mon, 14 Jan 2019 17:07:29 GMT

Volkswagen to invest $800M, build new Ev in US

Volkswagen announced plans to invest $800M to build a new EV at the company's plant in Chattanooga, as the company shifted toward zero emission cars.

Mon, 14 Jan 2019 17:07:21 GMT

EZ industry output falls in November

The EZ industrial output fell 1.7% month-over-month in November, the biggest fall in almost three years, data revealed on Monday, stoking concerns over the bloc's economic growth in the Q4 of 2018.

Mon, 14 Jan 2019 16:17:21 GMT

Singaporean container throughput increases 8.7% last year

Singapore's container throughput rose 8.7% percent to 36.6M TEUs in 2018, the press release from the MPA of Singapore showed.

Mon, 14 Jan 2019 16:13:31 GMT

Chinese auto sales fall last year

China sold 28.08M autos in 2018, down 2.76% year-over-year, remaining the biggest auto market in the world, data from the CAAM revealed.

Mon, 14 Jan 2019 14:43:52 GMT

Chinese trade is higher than thought

On Monday, the Chinese officials released the country's Trade Balance. Instead of the expected 345 billion surplus forecast by the market, the country had a trade surplus of 395 billion during the last month.

Mon, 14 Jan 2019 14:43:45 GMT

PG&E prepares bankruptcy

The biggest power utility corporation of the United States PG&E announced that the company is preparing the necessary documentation to file for bankruptcy. The bankruptcy was caused by the wildfires of 2017 and 2018.

Mon, 14 Jan 2019 13:46:01 GMT

Theresa May issues warning prior to Brexit vote

On Monday, as the vote on the UK PM May's Brexit deal with the EU, the Prime Minister warned that Britain will be in peril, if the lawmakers do not approve the deal.

Mon, 14 Jan 2019 13:45:52 GMT

Citigroup increases profit by 14%

Citigroup Incorporate announced on Monday that the financial group has increased its quarterly profits by fourteen percent. The increase has been mainly gained by decreasing expenses.

Mon, 14 Jan 2019 12:43:13 GMT

Protests erupt due to fuel prices in Zimbabwe

Protestors have barricaded roads and are burning tires in the capital of Zimbabwe. The protests erupted due to a large fuel price increase.

Mon, 14 Jan 2019 12:43:07 GMT

Newmont will buy Goldcorp

On Monday, Newmont Mining Corporation announced that it will buy its rival Goldcorp Incorporate for $10 billion US Dollars.

Mon, 14 Jan 2019 11:44:38 GMT

ACWA will provide Saudi Arabia with solar panels

ACWA Power is preparing to expand its manufacturing of solar panels and supply Saudi Arabia, which plans to invest in total $200 billion in solar power.

Mon, 14 Jan 2019 11:44:32 GMT

Saudi Arabia will invest in solar power

On Monday, it was announced that Saudi Arabia intends to create a two billion carbon black and solar complex. The project will be developed together with OCI from South Korea and Longi from China.

Mon, 14 Jan 2019 11:16:10 GMT

Greek parliament will hold a confidence vote

It was officially confirmed that the Greek Parliament will hold a confidence vote on Wednesday. The Prime Minister initiated the voted following the resignation of his coalition partner.

Mon, 14 Jan 2019 11:15:37 GMT

India will increase fertilizer subsidies

On Monday, it was announced by Indian officials that the government will increase its fertilizer subsidies by $4.2 billion. The main reason for the decision was the ineffective way the previous year'' budget was utilized.

Mon, 14 Jan 2019 10:20:11 GMT

Italy hopes to agree rail project by May

The Italian Transport Minister Danilo Toninelli stated on Monday that the government hoped to come to an agreement with French colleagues on whether to build a railroad between Turin and Lion by May.

Mon, 14 Jan 2019 10:15:38 GMT

China warns of growing protectionism

The Spokesman of China's Customs Service Li Kuiwen stated on Monday that the two most important threats for global trade this year are protectionism and external uncertainty.

Mon, 14 Jan 2019 09:19:14 GMT

Oil prices plunge amid weak Chinese data

Crude oil prices fell by 1.1% or 59 cents on Monday morning, reaching $51 a barrel, amid signs of weakening of both Chinese imports and exports.

Mon, 14 Jan 2019 09:12:04 GMT

Putin likely to visit Japan in summer

The Foreign Minister of Japan Taro Kono stated on Monday that Russian President Vladimir Putin most probably would make an official visit to Japan in June.

Mon, 14 Jan 2019 08:22:47 GMT

British government prepares for no-deal Brexit

The British International Trade Secretary Liam Fox stated on Monday that despite expectation of a successful outcome in voting in the House of Commons the government was preparing itself for Brexit without a deal.

Mon, 14 Jan 2019 08:18:17 GMT

Kramp-Karrenbauer complains of environmental lobby

The head of German Christian Democrats Annegret Kramp-Karrenbauer highlighted on Monday an unprecedented pressure on diesel made by the lobbyists of different environmental organizations.

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