News

Note: This section contains information in English only.
Tue, 08 Oct 2019 07:06:29 GMT

Aviation and tourism sector to UAE's GDP will double in 20 years

According to the International Air Transport Association, aviation and tourism's share to the United Arab Emirates's GDP would double in the next 20 years to $128 billion.

Tue, 08 Oct 2019 06:12:07 GMT

Thousands of climate-change protesters block streets globally

Thousands of protesters taking part in demonstrations organised by the climate change protest group Extinction Rebellion took to the streets in major cities throughout the world on Monday.

Tue, 08 Oct 2019 04:41:02 GMT

Trump comments on trade deal

On Monday, the President of the United States Donald Trump stated that a quick US-China trade deal is unlikely.

Tue, 08 Oct 2019 04:30:44 GMT

Caixin PMI falls to low level

On Tuesday, the publication of the Caixin Services PMI revealed that the indicator has declined to a seven month low level of 51.3.

Tue, 08 Oct 2019 02:41:02 GMT

Shinzo Abe comments on Bank of Japan

The Prime Minister of Japan Shinzo Abe on Tuesday avoided a question from the Parliament about monetary easing by stating that he expects the Bank of Japan to evaluate benefits and costs of any policy.

Tue, 08 Oct 2019 02:24:50 GMT

More states join Facebook probe

On Monday, it was revealed by Reuters that nearly forty states are expected to send their state attorneys to participate in a legal probe of Facebook.

Mon, 07 Oct 2019 19:45:46 GMT

Dialog Semiconductor buys Germany's Creative Chips

On Monday, the chip producer Dialog Semiconductor announced it had signed a deal to acquire Germany's Creative Chips to tap into low-energy connectivity that is used for the IoT devices, giving the company a strong foothold in the IoT market.

Mon, 07 Oct 2019 19:19:21 GMT

Brazilian unit of C&A seeks to attract $540M in IPO

The Dutch fashion retailer C&A's Brazilian unit, C&A Modas SA, together with its shareholders are seeking to raise up to $542M in a planned initial public offering in Brazil, a securities filing showed on Monday.

Mon, 07 Oct 2019 17:41:35 GMT

Boris Johnson urges EU

On Monday, the Prime Minister of the United Kingdom Boris Johnson urged the European Union to respond to his Brexit plan.

Mon, 07 Oct 2019 16:41:10 GMT

NY Fed gives out $47.05 billion

It was revealed on Monday that the New York Federal Reserve has handed out $47.05 billion in overnight repurchase agreements to keep the Fed Funds Rate below 2.00%.

Mon, 07 Oct 2019 15:44:04 GMT

General Electric freezes pensions

On Monday, General Electric announced that in an effort to cut debt the company would freeze the pension plans of 20,000 employees.

Mon, 07 Oct 2019 14:53:40 GMT

Scottish court rejects Brexit bid

A Scottish court announced on Monday that it rejected a legal bid that would force Boris Johnson into delaying Brexit.

Mon, 07 Oct 2019 12:40:21 GMT

German industrial orders decline

Data published on Monday revealed that German industrial orders declined by 0.6% in August, compared to July. Due to the decline being larger than the expected 0.3% the news beat down stock prices.

Mon, 07 Oct 2019 11:42:09 GMT

Euro Zone sentiment declines

On Monday, survey results published by Sentix revealed that investor sentiment has reached a 6.5 year low level. The news beat down global stock prices.

Mon, 07 Oct 2019 10:43:38 GMT

Oil prices surge on Monday

During the early hours of Monday's trading, crude oil price benchmarks surged higher. There was no clear fundamental reason for the surge.

Mon, 07 Oct 2019 10:04:25 GMT

Deutsche Bank creates new division

On Monday, Deutsche Bank announced that in an effort to shift strategy the bank would create a technology division that would lower costs and decrease complexity of the bank's systems.

Mon, 07 Oct 2019 09:49:28 GMT

Stocks trade sideways

During Monday's Asian and European trading sessions, global stock indices remained mostly unchanged, as the boost from US employment data on Friday was being balanced by weak European economic data.

Mon, 07 Oct 2019 08:06:54 GMT

CDB issues $20B poverty relief loans

According to media reports, in the first eight months of 2019 the China Development Bank (CDB) has issued loans worth nearly $20B to combat poverty.

Mon, 07 Oct 2019 07:28:23 GMT

Yes Bank plans to sell 15% stake to tech firm

According to the Mint newspaper, the Indian private lender Yes Bank conducts negotiations with Microsoft and two other technology companies to sell 15% stake and thus bring a new capital.

Mon, 07 Oct 2019 07:01:02 GMT

Japanese Yen edges higher on Monday

The Japanese Yen gained slightly against the US Dollar and the Chinese Yuan declined a tad during the Asian trading session on Monday, as China wants to narrow the scope of trade talks between the US.

Mon, 07 Oct 2019 06:00:19 GMT

Portugal's ruling party wins election

According to the official results on Monday, Portugal's ruling Socialists Party has won the Parliamentary election without an outright majority.

Mon, 07 Oct 2019 05:00:05 GMT

Asian shares surge on US jobs number

Asian shares rose on Monday after the Labor Department report showed that the US unemployment rate plunged to 3.5%, a nearly 50-year low.

Mon, 07 Oct 2019 04:02:47 GMT

Oil prices decline on Monday

Oil prices edged lower on Monday, as traders and investors worried that the global economic slowdown would weigh on future crude oil demand.

Mon, 07 Oct 2019 03:19:40 GMT

Brexit: UK opens to some flexibility

The UK Brexit Minister Stephen Barclay said on Sunday that the United Kingdom could be flexible on the Northern Ireland veto power and the customs plan.

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