News

Note: This section contains information in English only.
Sat, 11 Aug 2018 13:00:05 GMT

Erdogan urges to buy Lira

The President of Turkey Tayyip Erdogan on Saturday urged citizens to get rid of the US Dollars and precious metals and, instead, to keep savings in local currency.

Sat, 11 Aug 2018 12:27:19 GMT

Orix to buy stake of 30% in Avolon for $2.2B

Orix, the financial services group based in Japan, agreed to buy a stake of 30% in Avolon, the Ireland-based aircraft leasing company, for $2.2B.

Sat, 11 Aug 2018 12:22:13 GMT

Estonian Cell to get Valmet's production technology

Estonian Cell, the Austria-owned pulp mill, is set to buy technology of production from Finland's industrial company Valmet to rise production volumes, investing €5-10M, LETA/BNS reported.

Sat, 11 Aug 2018 11:34:13 GMT

Israel to cease use of coal by 2025-2030

Israel is set to stop using coal and to produce coal ash at the country's power stations by the years 2025-2030, the Israel Ministry of Environmental Protection reported.

Sat, 11 Aug 2018 11:30:41 GMT

Philippines sets aside $39.5M to finance airports upgrade

The Philippines set aside a total sum of almost $39.5M in a fund to modernise the six airports' infrastructure in the central and southern Philippines, a lawmaker stated.

Sat, 11 Aug 2018 10:31:54 GMT

Papa John's to lower royalties for US and Canadian franchisees

On Friday, Papa John's International Inc said that it is planning to lower its fees and royalties for franchisees across Canada and the US because of the company's sales decline. 

Sat, 11 Aug 2018 10:24:05 GMT

Trump: US and Mexico make progress on trade agreement

The US President Donald Trump claimed that Mexico and the US make a progress on a trade deal and warned Canada that additional tariffs would be implemented in case of the lack of a trade agreement. 

Sat, 11 Aug 2018 09:31:23 GMT

China's Foreign Minister: ties with Iran do not harm interests of others

The Foreign Minister of China Wang Yi claimed that China's energy and business ties with Iran do not harm the interests of other states after the US President Donald Trump warned companies doing business in Iran.

Sat, 11 Aug 2018 09:18:56 GMT

Iranian Foreign Minister: no plans for meeting with US

The Foreign Minister of Iran Javad Zarif claimed that there is no talks planned with the US authorities including US Secretary of State Mike Pompeo at the UN General Assembly. 

Sat, 11 Aug 2018 08:18:10 GMT

Slovenia gets EU approval to NLB sale deal

The European Commission approved Slovenia's proposal for changed commitments for its largest bank NLB sale, including selling a half of the Bank by the end of 2018, the government announced.

Sat, 11 Aug 2018 08:13:38 GMT

China export container transport up in July

China's container transport for export strengthened momentum in July thanks to steady export rise in the country, according to figures from Shanghai Shipping Exchange.

Sat, 11 Aug 2018 07:07:16 GMT

Cambodian CPP party wins general election

The ruling Cambodian People's Party of the Prime Minister Samdech Techo Hun Sen secured a victory in the general election, data shows.

Sat, 11 Aug 2018 07:06:22 GMT

Trump, Macron discuss Iran, trade

The US President Donald Trump discussed trade and security issues, including Iran and Middle East, with his counterpart, Emmanuel Macron.

Sat, 11 Aug 2018 06:29:55 GMT

China coal imports rise in July

China imported 29M tonnes of coal in July, the highest monthly volume since January 2014, the General Administration of Customs data shows.

Sat, 11 Aug 2018 06:28:51 GMT

China auto imports increase in July

China's imports of cars increased by 50% in July, compared to the same period the previous year, after lower import tariff rates went into effect, data shows.

Sat, 11 Aug 2018 05:26:09 GMT

Malta NDSF purchases 49% in Lombard Bank

Malta's National Development and Social Fund plans to acquire a 49.1% stake in Lombard Bank via a purchase of 21,651,746 ordinary shares from Cyprus Popular Bank Public Co Ltd.

Sat, 11 Aug 2018 05:25:00 GMT

Canadian unemployment rate declines to record low

The Canadian unemployment rate declined to 5.8% in July from 6% in June, the lowest level in four decades, data released by the Statistics Canada shows.

Sat, 11 Aug 2018 02:54:59 GMT

IMF: Turkish authorities do not ask for IMF help

On Friday, the IMF spokesperson Randa Elnagar claimed that Turkish authorities have not asked about a financial assistance from the IMF after Turkish Lira's sharp drop.

Sat, 11 Aug 2018 02:53:15 GMT

Wrangler and Lee owner plans to exit denim business

On Friday, The Wall Street Journal reported that VF Corp, the owner of jeans brands Wrangler and Lee, is considering strategic options to sale its denim business.

Sat, 11 Aug 2018 02:38:05 GMT

US and Japan to meet in September for new round of trade talks

The Minister of Economy of Japan Toshimitsu Motegi claimed that he had a productive trade discussion with the trade representative of the US Robert Lighthizer and added that a new meeting is planned for September.

Sat, 11 Aug 2018 02:34:48 GMT

Verizon labour union approves new 4-year contract

On Friday, a labour union representing employees of Verizon Communications Inc informed about the ratification of the 4-year extension of labour contracts, resulting in 11.2% wage increase in the next 4 years.

Fri, 10 Aug 2018 23:20:11 GMT

US, Britain, Norway: South Sudan peace agreement "not sustainable"

The United States, Britain and Norway on Friday announced that the recently signed South Sudan peace agreement was "not realistic or sustainable."

Fri, 10 Aug 2018 23:19:25 GMT

Belarus, China introduce visa-free travel between countries

Belarusians and Chinese citizens can now travel between two countries without a visa for up to one month in one trip, but not more than three months per year.

Fri, 10 Aug 2018 20:09:10 GMT

US reduces military training programs with Pakistan

US officials said that President's Donald Trump administration is quietly cutting Pakistani officers from educational and coveted training programs.

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