News

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Wed, 28 Jun 2017 18:50:35 GMT

US pending home sales post third cosecutive monthly fall

US pending home sales dropped 0.8% in May, following Apri's downwardly revised fall of 1.7% and missing analysts' expectations for a 0.9% increase.

Wed, 28 Jun 2017 18:03:28 GMT

Maersk Line hit by Petya cyber attack

The world's biggest container shipper Maersk Line reported on Wednesday that its computer system was hit by the Petya cyber attack, which led to delays in order processing.

Wed, 28 Jun 2017 18:03:03 GMT

Bodies of at least 24 migrants wash ashore in Libya

The bodies of at least 24 people, believed to be migrants, have been found washed up on the shore near the city of Tripoli, according to the Red Crescent.

Wed, 28 Jun 2017 16:57:21 GMT

UK Labour Party to force May to increase public sector expenditure

The UK Labour Party reported on Wednesday that it would try to force the British Prime Minister Theresa May to increase government spending.

Wed, 28 Jun 2017 16:56:42 GMT

US crude oil inventories rise unexpectedly

The EIA reported that US crude stockpiles rose 0.1M barrels in the week ended June 23, following the prior week's drop of 2.5M barrels and falling behind expectations for a 2.1M-barrel decline.

Wed, 28 Jun 2017 15:58:04 GMT

Switzerland to strengthen rules for banks

The Swiss government plans to strengthen capital requirements for domestic creditors, such as the PostFinance, Raiffeisen and Zuercher Kantonalbank, to protect financial system in case of crisis.

Wed, 28 Jun 2017 15:54:53 GMT

AIG ex-executive to receive $9.58M compensation

On Wednesday, the AIG shareholders at an annual meeting have approved a $9.58M compensation for Peter Hancock, the formed CEO of the company. 

Wed, 28 Jun 2017 15:12:32 GMT

Trump to visit France on July 14

According to the Emmanuel Macron's office, the US President Donald Trump has accepted an invitation to visit France and attend the July 14 celebration of Bastille day. 

Wed, 28 Jun 2017 15:12:16 GMT

Oil falls below $47

On Wednesday, crude oil prices fell below $47 a barrel amid the release of report saying that the US stockpiles had increased by 851,000 barrels a week. 

Wed, 28 Jun 2017 14:06:44 GMT

Telegram agrees to Russian Federation demands

The founder of Telegram Pavel Durov on Wednesday agreed to the demands of the Russian authorities that his firm will be registered in Russia. However, he denied the demand to share user data with anyone.

Wed, 28 Jun 2017 14:05:45 GMT

OPEC profits increase

Although oil prices have been falling, ignoring cuts in oil production, and OPEC is losing the battle to increase the price, OPEC countries have increased their profits, compared to previous year. This fact is likely going to force the countries to stick with the production cuts.

Wed, 28 Jun 2017 13:19:15 GMT

Trump is not giving an answer to Macron

The President of the United States Donald Trump has still not replied to the invite of French President Emmanuel Macron to attend the July 14 celebration of Bastille day in France.

Wed, 28 Jun 2017 13:16:31 GMT

BMW sets R&D margin

BMW has announced that the company will uphold high research and development levels until the year of 2019. In total the company is aiming to spend from five and a half to six percent of total revenue on R&D.

Wed, 28 Jun 2017 12:08:30 GMT

Global cyber attack targets BNP Paribas subsidiary

The most recent cyber attack had targeted a Real Estate subsidiary of France's biggest bank BNP Paribas, the company's representative told Reuters on Wednesday.

Wed, 28 Jun 2017 12:06:13 GMT

Pakistan optimistic on economic corridor with China

The Pakistani Planning Minister Ahsan Iqbal assured on Wednesday that the country has been implementing successfully its plan for an economic corridor with the People's Republic of China.

Wed, 28 Jun 2017 10:57:28 GMT

ECB's Lautenschlaeger says changes to Basel banking rules troublesome

Sabine Lautenschlaeger, a member of the ECB's Executive Board, said on Wednesday that changes in Basel banking rules proposed by the US may pose threat to financial stability.

Wed, 28 Jun 2017 10:53:45 GMT

Indonesia introduces travel ban on Trump's associate

Indonesian authorities introduced a travel ban on the US President Donald Trump's business partner Hary Tanoesoedibjo over violation of electronic transactions and information law.

Wed, 28 Jun 2017 10:11:28 GMT

Cyprus peace talks begin in Switzerland

A peace talks between the Turkish and Greek Cypriot leaders accompanied by the UN representative and EU officials have been officially started in Switzerland.

Wed, 28 Jun 2017 10:01:57 GMT

NATO members to increase defense budget

Jens Stoltenberg, the NATO Secretary-General, said on Wednesday that Canada and European NATO members are going to increase defense budget by 4.3% in 2017. 

Wed, 28 Jun 2017 09:09:05 GMT

Iran intends to react on US travel ban

Bahram Qassemi, the Iran's Foreign Ministry Spokesman, said on Wednesday that Iran considers Trump's travel ban to be discriminative against the Muslims and promises to take "reciprocal action". 

Wed, 28 Jun 2017 09:08:47 GMT

Philippines finds decapitated bodies in Marawi

Emmanuel Garcia, the Lieutenant Colonel of the Philippine army, said on Wednesday that bodies of five beheaded and 17 other murdered civilians have been discovered in the Marawi city. 

Wed, 28 Jun 2017 08:11:09 GMT

BoE's Cunliffe wants to see more improvements before raising rates

The BoE Deputy Governor Jon Cunliffe said on Wednesday he needed to see more improvements in the economy before deciding to hike interest rates.

Wed, 28 Jun 2017 08:10:50 GMT

Dixons Carphone posts 47% surge in full-year profit

On Wednesday, Dixons Carphone said it had posted a 47% surge in the full-year pretax profit on the back of faster revenue growth.

Wed, 28 Jun 2017 07:27:35 GMT

Philips strikes €1.9B acquisition deal with Spectranetics

In an attempt to accelerate expansion of  the image-guided therapy business, Philips has struck a €1.9B acquisition deal with the US-based medical device maker Spectranetics.

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