News

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Sat, 07 Jul 2018 08:37:34 GMT

Colombia starts elections campaign

Traditional dancers performed and doves flew into the sky on Saturday, as an official ceremony launched the ruling party's election campaign for the July 29 general elections.

Sat, 07 Jul 2018 08:10:19 GMT

Wall Street does not decline

The US stock prices did not decline by the end of the Friday's trading session, as they were propped up by the decline of the US Dollar, which occurred during the day.

Sat, 07 Jul 2018 08:09:37 GMT

US employment data beats down US Dollar

The fall of the US Dollar on Friday was responsible for the surge in the various asset prices. The fall was caused by the release of lower than market forecasted US employment data.

Sat, 07 Jul 2018 07:04:17 GMT

Mexico to decrease VAT in certain states

The new President of Mexico Lopez Obrador announced on Saturday that his government would lower the VAT rate in states located at the border with the US from 16% to 8%.

Sat, 07 Jul 2018 07:00:25 GMT

Italy to stop buying F-35 jets

The Defence Minister of Italy Elisabetta Trenta stated on Friday that the government refuses to buy any new American F-35 jets and will reconsider order for other 90 planes.

Sat, 07 Jul 2018 06:10:33 GMT

Turkey to have non-party ministers

The President of Turkey Recep Tayyip Erdogan said on Friday that the new country's government will consist of ministers other than from his AK Party.

Sat, 07 Jul 2018 06:07:15 GMT

Kim might meet Trump in Europe

According to unidentified diplomatic sources, another round of talks between the US President Donald Trump and North Korean leader Kim Jong-un could happen in Switzerland.

Sat, 07 Jul 2018 05:09:56 GMT

Pompeo believes in complete denuclearization of North Korea

The US State Department Spokeswoman Heather Nauert said on Saturday that her boss was convinced that complete denuclearization of the Korean Peninsula is realistic.

Sat, 07 Jul 2018 05:05:48 GMT

Obrador to seek peace with drug cartels

The newly elected President of Mexico Andres Manuel Lopez stated on Friday that one of his priorities would be search of peace in protracted drug war.

Sat, 07 Jul 2018 04:06:57 GMT

Pompeo continues negotiations in Pyongyang

The US Secretary of State Mike Pompeo will continue negotiations with the North Korean senior official Kim Yong Chol over details of his country's nuclear program disarmament.

Sat, 07 Jul 2018 04:01:07 GMT

China to strengthen ties with Eastern Europe

The Chinese Premier Li Keqiang said on Saturday the country will offer to leaders of Eastern and Central Europe closer business ties at a 16+1 summit in Sofia.

Fri, 06 Jul 2018 19:54:44 GMT

Germany anticipates ECB to gradually normalize EZ rates

The Finance Minister of Germany Olaf Scholz stated on Friday that he anticipates the European Central Bank to eventually start gradually hiking interest rates in the Euro zone.

Fri, 06 Jul 2018 19:54:34 GMT

Sonos files for initial public offering on Friday

Sonos, the hi-tech wireless speakers producer, filed for IPO on Friday, amid growing prominence of streaming music via smartphone applications on connected audio systems.

Fri, 06 Jul 2018 18:50:57 GMT

France's trade deficit widens in May

French trade deficit widened in the month of May compared to the prior month, according to seasonally adjusted figures reported by the customs office, with data coming in worse-than-forecast.

Fri, 06 Jul 2018 18:50:50 GMT

German industry production expands in May

Germany's industrial production grew in May, the report showed on Friday, indicating that factories in Europe's biggest economy were regathering pace after a weak beginning of the year.

Fri, 06 Jul 2018 18:09:19 GMT

Canadian economy adds 31K of jobs in June

Statistics Canada revealed that the country's economy created 31.8K of jobs in June, which was above forecast for a 24K jobs' gain, while the jobless rate grew to 6.0% in the same period.

Fri, 06 Jul 2018 18:02:17 GMT

US trade deficit falls sharply in May

The US trade deficit dropped to a year and a half low in May, as exports increased to a record high, supported by a rise in shipments of commercial aircraft and soybeans.

Fri, 06 Jul 2018 17:11:36 GMT

Italy aims to raise 2019 deficit target to 1.4%

The new government of Italy announced plans to lift the deficit target for the next year to nearly 1.4%of economic output against the prior goal of 0.8%, two sources stated on Friday.

Fri, 06 Jul 2018 17:08:08 GMT

US ambassador: UK-US trade agreement major priority for Trump

A post-Brexit trade agreement between the UK and the US was the main priority for Donald Trump, the US ambassador to Britain stated ahead of the US President's visit to London next week.

Fri, 06 Jul 2018 16:01:58 GMT

Takeda plans selling its Osaka HQ amid $62B deal with Shire

Japan's Takeda Pharmaceutical is eager to sell the Osaka headquarters due to concerns raised over its $62B deal to acquire Britain's Shire Plc, Nikkei reported.

Fri, 06 Jul 2018 15:55:36 GMT

ACS, Atlantia get EU nod to acquire Abertis

On Friday, the European Commission has granted its approval to Italy's Atlantia and Spain's ACS for the motorway company Abertis takeover, saying the deal should not raise any competition concerns.

Fri, 06 Jul 2018 15:27:59 GMT

Generali to attract about €1.9B in German subsidiary sale

Italy's Generali agreed on selling its 89.9% majority stake in Generali Leben, the company's life insurance unit in Germany to the private equity firm Viridium for about €1.9B.

Fri, 06 Jul 2018 15:20:55 GMT

China Grand Enterprise raises interest in UK Sinclair Pharma

On Thursday, Britain's Sinclair Pharma stated it had received takeover interest from the privately-held China Grand Enterprise and its subsidiary Huadong Medicine, boosting its shares up by nearly 30%.

Fri, 06 Jul 2018 14:34:37 GMT

Sonos files for initial public offering on Friday

The wireless speaker maker Sonos has filed for the initial public offering this Friday; a decision made amid a rising popularity of the streaming music on the connected audio systems via smartphone apps.

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