News

Note: This section contains information in English only.
Sat, 19 Sep 2020 15:09:17 GMT

Russia keeps key rate unchanged

The Central Bank of Russia kept the key lending rate unchanged at 4.25% despite increased uncertainty related to the ongoing pandemic, a statement published by the bank shows.

Sat, 19 Sep 2020 14:16:51 GMT

Canada wholesale sales reach record high

Wholesale sales in Canada increased 4.3% to a record high of $49B in July, compared to the same period the prior year, the Statistics Canada reports.

Sat, 19 Sep 2020 13:34:18 GMT

China crude oil output rises 2.3%

Crude oil output in China increased 2.3% to 16.65M tonnes in August, compared to the same period the prior year, data published by the National Bureau of Statistics show.

Sat, 19 Sep 2020 12:35:49 GMT

Xi highlights China's economy strength

The Chinese leader Xi Jinping noted on Saturday that the country's economy proved to be flexible amid various external risks and pressure.

Sat, 19 Sep 2020 11:01:52 GMT

Hungary prolongs loan moratorium

The Hungarian Prime Minister Viktor Orban stated on Saturday that the government had decided to prolong the moratorium on credit repayments for some households until the middle of next year.

Sat, 19 Sep 2020 10:25:02 GMT

US to forbid WeChat, TikTok

Starting from Sunday, Chinese WeChat and TikTok will be prohibited from downloading by Americans based on the US Commerce Department decision.

Sat, 19 Sep 2020 09:20:35 GMT

TikTok to challenge Trump's ban

According to court documents, ByteDance Ltd. filed a complaint against the ban imposed on its mobile app, TikTok, by the US Commerce Department.

Sat, 19 Sep 2020 07:51:24 GMT

LVMH submits Tiffany takeover for EU approval

LVMH submitted its takeover of Tiffany for EU approval, seeking to counter accusations that the company intentionally stalled antitrust proceedings.

Sat, 19 Sep 2020 06:45:44 GMT

Ericsson to buy Cradlepoint for $1.1B

Ericsson agreed to buy Cradlepoint, the US-based wireless networking firm, in a $1.1B deal within its plans to expand 5G-related products for business customers.

Sat, 19 Sep 2020 06:02:57 GMT

Trump to ban TikTok, WeChat from US app

On Friday, the White House announced that the US President Donald Trump would ban TikTok and WeChat from the US app on September 20.

Sat, 19 Sep 2020 05:07:16 GMT

Poland-Belarus border still open

On Friday, Poland's border guards stated that the Poland-Belarus border remained opened after President Alexander Lukashenko said that Belarus needs to shut its borders with Lithuania and Poland.

Sat, 19 Sep 2020 04:06:43 GMT

FSA investigates Swedbank

The Swedish Financial Supervisory Authority announced on Friday that it was investigating Swedbank over a potential market abuse.

Sat, 19 Sep 2020 02:58:04 GMT

France to put environmental tax on airlines on hold

According to France officials, the French government is planning to suspend plans for a new environmental tax on airlines.

Sat, 19 Sep 2020 00:59:51 GMT

EU to make cross-border payments quicker

The European Union plans to introduce a comprehensive framework that enabled crypto-assets and the distributed ledger technology (DLT) in the financial sector by 2024.

Fri, 18 Sep 2020 19:41:27 GMT

WH to announce aid package for Puerto Rico

According to Fox News report published on Friday, the Trump administration plans to announce an $11.6B relief package for Puerto Rico.

Fri, 18 Sep 2020 19:08:24 GMT

Germany plans to take on net new debt next year

According to sources with knowledge of the matter, the German government plans to take 96.2 billion euros in new debt in 2021 to fight the COVID-19 pandemic.

Fri, 18 Sep 2020 17:53:50 GMT

UK plans for second nationwide lockdown

On Friday, the UK Health Secretary Matt Hancock said that a second nationwide lockdown to fight the spread of COVID-19 has not been ruled out.

Fri, 18 Sep 2020 17:07:11 GMT

Crude oil prices remain flat

Crude oil prices were flat on Friday after Libya's commander Khalifa Haftar announced that a blockade on the country's crude oil exports would be eased for a month.

Fri, 18 Sep 2020 16:00:28 GMT

Nasdaq Composite opens higher

The Nasdaq Composite surged by 63.17 points, to 10,973.45 in early trading on Friday, while the Dow Jones Industrial fell by 0.13%, to 27,864.87 at the opening bell.

Fri, 18 Sep 2020 14:44:33 GMT

Google deletes Paytm mobile app from its store

On Friday, Alphabet's Google has eliminated Paytm mobile app from the Android store due to its gambling policy violation, Reuters reported.

Fri, 18 Sep 2020 12:54:06 GMT

Apple to launch online store in India

Apple is set to launch the company's first online store in India on September 23, the iPhone maker announced on Friday.

Fri, 18 Sep 2020 11:45:42 GMT

Caixabank strikes €4.3B Bankia deal

Caixabank agreed to acquire state-owned Bankia for €4.3B in an all-share purchase, which would create Spain's biggest domestic lender.

Fri, 18 Sep 2020 10:45:47 GMT

ByteDance plans US IPO of TikTok Global

According to sources with knowledge of the matter, the Chinese ByteDance is preparing the US IPO of TikTok Global.

Fri, 18 Sep 2020 09:49:30 GMT

Ryanair slashes October capacity

Ryanair stated that it was forced to slash its capacity in October and that it may have to do the same for winter unless EU governments ease their travel restrictions.

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