News

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Fri, 08 Sep 2017 06:56:55 GMT

ZhongAn receives approval for IPO in HK stock exchange

The Chinese online insurer ZhongAn Online Property and Casualty Insurance Co Ltd was approved by the Hong Kong stock exchange for its IPO expected to raise around $1B.

Fri, 08 Sep 2017 06:00:35 GMT

Pope to bless Colombian war victims on Friday

Thousands of Colombians are expected to gather for guidance and blessings from Pope Francis on Friday, as he seeks to bring peace and unity after the Colombian civil war.

Fri, 08 Sep 2017 05:58:15 GMT

Euro reaches two-year high on Friday

The Euro hit its highest value in two and a half years against the US Dollar on Friday, following the comments of the ECB President Mario Draghi that increased short-term optimism for bulls.

Fri, 08 Sep 2017 05:00:03 GMT

China trade surplus narrows in August

According to the data released by the Customs General Administration of China on Friday, the country's trade surplus narrowed to $41.99B over the course of August.

Fri, 08 Sep 2017 04:59:43 GMT

Six farmers die in Peruvian Amazon land row

Late on Thursday, a local police officer reported that six farmers had been shot dead by a group of unknown attackers in an apparent land dispute in Peru's Amazon.

Fri, 08 Sep 2017 04:22:56 GMT

Hyundai to continue JV with BAIC

On Friday, the South Korean carmaker Hyundai revealed its intentions to continue its joint venture with the Chinese auto manufacturer BAIC Motor.

Fri, 08 Sep 2017 04:22:11 GMT

New Taiwan PM promises to attract investment

The newly-elected Taiwan Premier William Lai, who had previously served as the Tainan city Mayor, stated he would do his best to attract more investment to the island.

Fri, 08 Sep 2017 02:55:13 GMT

South Korea anticipates exports to drive economy

Recovering performance of export is set to drive economic expansion in South Korea even as North Korean tensions and trade talks with the US post risks to growth.

Fri, 08 Sep 2017 02:54:23 GMT

Fed's Dudley expects US inflation rebound, stands by rate hikes

William Dudley, the New York Fed President, stated that the US Central Bank should proceed raising rates gradually, as low inflation is likely to rebound.

Fri, 08 Sep 2017 02:11:20 GMT

Japan's economic growth in Q2 revised down from strong first reading

The Japanese economy expanded at annual 2.5% in the June quarter, much less than the initially estimated pace of 4.0%, confounding expectations for a rise in domestic demand.

Fri, 08 Sep 2017 02:10:07 GMT

Ford's Lincoln plans electric versions of its US vehicles by 2022

Lincoln, the Ford Motor's premium brand, announced plans to supply hybrid gasoline-electric models of all its US cars by 2022.

Thu, 07 Sep 2017 19:51:20 GMT

May's government pushes Brexit bill

The Brexit Minister David Davis called on the parliament to support legislation to sever Britain's political, financial and legal ties with the EU, adding that the opposing deal would result in chaos.

Thu, 07 Sep 2017 19:50:57 GMT

White House considers six candidates for Fed Chair position

The White House considers at least six candidates to be the next head of the Fed, including economists, executives with banking experience as well as the business people.

Thu, 07 Sep 2017 19:07:25 GMT

China agrees UN should take more actions against North Korea

China agreed that the UN should take more actions against North Korea following its recent nuclear test, while also insisting on talks to help resolve the standoff. 

Thu, 07 Sep 2017 19:01:15 GMT

Trump prefers to avoid military action on North Korea

The US President Donald Trump said he would prefer to avoid military action on North Korea to deal with its nuclear threat, but added that previous diplomatic efforts failed to put pressure on Pyongyang to stop developing missiles.

Thu, 07 Sep 2017 18:05:27 GMT

Trump sees good reasons to remove debt ceiling

The US President Donald Trump saw a number of good reasons to get rid of the US debt ceiling as Senate Democrats started to explore a possible deal with the US leader to end recurring fiscal standoffs.

Thu, 07 Sep 2017 17:58:43 GMT

Macron supports German idea of European Monetary Fund

France's President Emmanuel Macron supported Germany's idea of a European Monetary Fund to withstand economic shocks in the Eurozone member states, but highlighted the ultimate goal of deeper integration should remain in the Euro area's budget.

Thu, 07 Sep 2017 16:56:23 GMT

Draghi criticises Estonia's initiative to launch digital currency

The ECB President Mario Draghi criticised the Estonian government's proposal to introduce a state-managed digital currency, adding that the Euro was the only valid currency in the Euro area.

Thu, 07 Sep 2017 16:55:59 GMT

Low interest rates present major source of concern, German financial watchdog says

The persistent low interest rate environment in major markets such as Europe, the US and the UK is a serious source of concern, the President of the German financial regulatory authority said.  

Thu, 07 Sep 2017 15:58:53 GMT

Trump: DACA recipients can relax

On Thursday, the US President Donald Trump said that youngsters protected by the Deferred Action for Childhood Arrivals program did not have to worry about their status during the next half a year.

Thu, 07 Sep 2017 15:54:14 GMT

Hurricane Irma claims lives of eight on island of Saint Martin

Hurricane Irma is reported to have claimed lives of at least eight people on the island of Saint Martin located in the Caribbean Sea.

Thu, 07 Sep 2017 15:17:32 GMT

Euro zone GDP expands 0.6% in Q2 2017

Data released by Eurostat on Thursday revealed that the Euro area's GDP rose by 0.6% on a seasonally-adjusted basis in the Q2 of 2017.

Thu, 07 Sep 2017 15:17:13 GMT

Draghi: exchange rate crucial for inflation outlook

The European Central Bank President Mario Draghi said on Thursday that the exchange rate was not their policy target, but was still "very important" for the medium-term inflation outlook.

Thu, 07 Sep 2017 13:58:38 GMT

US revised Q2 non-farm productivity misses forecasts

According to the data released by the US Bureau of Labour Statistics, revised non-farm productivity came in at 1.5% in the second quarter of 2017, missing analysts' expectations.

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