News

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Thu, 17 Aug 2017 08:23:14 GMT

Trump's adviser Bannon confirms US-China economic war

According to the White House Chief Strategist Steven Bannon, Washington is in the economic war with Beijing and the United States is currently losing the fight.

Thu, 17 Aug 2017 07:34:07 GMT

Sonova launches new hearing-aid tech, seeks to beat Danish rivals

On Thursday, Sonova launched its new technology of a hearing-aid that could stream audio directly from WL mobile devices amid the company's intention to beat its Danish competitors who provide similar technology.

Thu, 17 Aug 2017 07:24:41 GMT

Australian unemployment rate slips to 5.6% in July

The ABS reported on Thursday that the jobless rate in Australia fell to 5.6% in July, meeting analysts' expectations, following the prior month's upwardly revised 5.7% reading.

Thu, 17 Aug 2017 06:09:50 GMT

Asian stocks recover as North Korean crisis eases

The majority of Asian stocks rose on Thursday, as the leaders of both the United States and North Korea cooled down their rhetoric.

Thu, 17 Aug 2017 06:09:38 GMT

Chinese military condemns Trump's moves in Asia

On Thursday, a senior Chinese officer criticized "wrong" actions of the United States in the Asian region, such as deployment of the THAAD anti-missile defence system and South China Sea patrols.

Thu, 17 Aug 2017 04:56:29 GMT

Fed officials split over rate hikes pace

Policymakers of the Federal Reserve were split on the pace of increasing key interest rates due to higher concerns about subdued inflation growth, according to the FOMC minutes release.

Thu, 17 Aug 2017 04:56:16 GMT

Philippine economy expands 6.5% in June quarter

The Philippine GDP for the second quarter rose at an annualised pace of 6.5%, up from 6.4% growth registered in the March quarter, amid boom in construction.

Thu, 17 Aug 2017 03:56:12 GMT

Mexican negotiator urged NAFTA talks to include fintech discussion

Mexican negotiator stated that talks on the NAFTA renegotiation must include new financial services discussion, as fintech companies started to gain ground rapidly.

Thu, 17 Aug 2017 03:55:41 GMT

Australia to strengthen money laundering rules

Australia announced new measures aimed to strengthen money laundering laws, which included bringing bitcoin suppliers under the AUSTRAC remit.

Thu, 17 Aug 2017 02:50:15 GMT

Russia to begin construction of high-speed railroad in 2018

Russia would start building the first high-speed railroad between Moscow and Kazan in 2018, which is expected to be a part of a rail line linked with Beijing.

Thu, 17 Aug 2017 02:04:37 GMT

Malta signs educational and cultural deal with Italy

Malta signed an agreement with Italy, which identifies educational and cultural activities and partnership opportunities for both counties in a three years period until 2019.

Thu, 17 Aug 2017 02:03:53 GMT

Japan's exports up 13.4% in July

Japanese total exports increased 13.4% year-over-year in July, after a 9.7% rise in the prior month, being supported by solid growth in auto shipments to the US.

Wed, 16 Aug 2017 20:21:58 GMT

Fed's Mester expects further rate hikes

Loretta Mester, the President of Cleveland Federal Reserve Bank, said on Wednesday that the Fed should continue to increase interest rate despite announcement of recent data on the US inflation.

Wed, 16 Aug 2017 20:20:57 GMT

US asks South American countries to isolate North Korea

On Wednesday, the US Vice President Mike Pence urged Latin American countries to "break all ties with North Korea".

Wed, 16 Aug 2017 19:08:08 GMT

Iraq asks international community to help to investigate IS crimes

Ibrahim al-Jaafari, the Foreign Minister of Iraq, referred to international community for help to collect and retain evidence of war crimes and crimes against humanity committed by the Islamic State fighters.

Wed, 16 Aug 2017 19:07:28 GMT

Dollar falls amid Fed Policy Meeting Minutes

On Wednesday, the US Dollar depreciated against all major currencies, including the Swiss Franc and Japanese Yen, amid a release of the Fed Policy Meeting Minutes and Trump's decision to disband two business councils.

Wed, 16 Aug 2017 18:04:59 GMT

Trump closes Strategic and Policy Forums

On Wednesday, the US President Donald Trump decided to disband both the Manufacturing Council & Strategy & Policy Forum after a number of authoritative CEOs announced their resignations.

Wed, 16 Aug 2017 18:04:45 GMT

Guterres calls for dialogue to resolve Venezuelan crisis

On Wednesday, the UN Secretary-General Antonio Guterres urged Venezuelan government and opposition leaders to resume negotiations and find an acceptable solution to end political crisis within the country.

Wed, 16 Aug 2017 16:53:35 GMT

Moscow urges Iran not to quit nuclear deal

Sergei Lavrov, the Russian Foreign Minister, expressed hopes that Iran would not decide to quit the nuclear agreement reached in 2015 even if the US imposed more sanctions.

Wed, 16 Aug 2017 16:53:27 GMT

Maersk remains optimistic on 2017 prospective, despite loss in H1

Danish company Maersk reported a $264M loss for the first six months of 2017, though kept its yearly projections unchanged.

Wed, 16 Aug 2017 16:18:14 GMT

UK plans no immigration check at Irish border after EU quit

Britain is set to avoid any immigration checks for Irish and UK citizens along the border between both countries after Brexit, the government stated.

Wed, 16 Aug 2017 16:18:04 GMT

Amazon to continue expansion in Britain

Online retailer Amazon stated that it would build a new distribution centre in the UK next year and hire at least 1,000 additional staff.

Wed, 16 Aug 2017 15:22:42 GMT

US building permits fell unexpectedly in July

The Commerce Department reported that building permits in the US fell 4.1% to 1.22M units in July, missing analysts' forecasts for a figure of 1.25M units.

Wed, 16 Aug 2017 15:21:54 GMT

EZ economic growth accelerates more than anticipated in Q2

The Euro zone's GDP expanded by a quarterly 0.6% in the Q2 as previously anticipated, while yearly pace of growth accelerated to 2.2%, above expectations for a 2.1% rise.

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