News

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Tue, 05 Mar 2019 05:40:41 GMT

Chinese Caixin PMI reaches low level

On Tuesday, the Caixin Purchasing Manager Index, which surveys the situation in the services sector, revealed that the services industry has fallen down to 51.1. The number reveals that growth has slowed down.

Tue, 05 Mar 2019 05:31:03 GMT

Donald Trump scraps preferential treatment of India

The President of the United States on Tuesday announced that he will end the preferential trade agreement with India. Due to this decision $5.6 billion worth of goods should be taxed.

Tue, 05 Mar 2019 05:30:35 GMT

USD stays near two-week high

On Tuesday, the US Dollar fluctuated near a two week high level. The USD has been surging since the Federal Reserve revealed that Quantitative Tightening will continue throughout this year.

Tue, 05 Mar 2019 04:23:13 GMT

Google to ban political ads ahead of election in Canada

Alphabet's Google is set to ban political ads on the platform before Canada's federal election, after the country introduced stringent rules of transparency.

Tue, 05 Mar 2019 04:19:53 GMT

China to cut taxes, rise lending to shore up economy

China is set to cut billions of dollars in fees and taxes, step up infrastructure investment and increase lending to small firms, as the government rises stimulus to shore up the economy growing at the weak pace.

Mon, 04 Mar 2019 20:49:56 GMT

Indonesia, Australia sign trade agreement

Indonesia and Australia signed a free trade deal on Monday after several years of negotiations, the Australian Minister of Trade, Tourism and Investment Simon Birmingham says.

Mon, 04 Mar 2019 20:49:22 GMT

Greece to issue 10-year bonds

Greece's Public Debt Management Agency reached international banks to issue 10-year sovereign bonds, the first such issue in nine years.

Mon, 04 Mar 2019 20:37:37 GMT

Philippines debt reaches record high

The outstanding debt of the Philippines reached a record high of $144.74B at the end of January, the Philippine Bureau of Treasury reports.

Mon, 04 Mar 2019 20:36:50 GMT

Kenya forex reserves increase

Kenya's forex reserves increased by $87M the previous week to $8.196B from $8.109B, the Central Bank of Kenya reports.

Mon, 04 Mar 2019 19:04:43 GMT

Qatar, Russia discuss Syria, Libya

Qatar's Foreign Minister Sheikh Mohammed bin Abdulrahman Al Thani and the Russian Foreign Minister Sergey Lavrov discussed the latest developments in Libya and Syria on Monday.

Mon, 04 Mar 2019 19:03:59 GMT

China rail freight expands

The Chinese rail freight volume, an indicator of economic activity, increased in January to 368M tonnes, the National Railway Administration reports.

Mon, 04 Mar 2019 18:27:34 GMT

Spain unemployment rises

The Spanish unemployment increased slightly by 0.1% in January to 3,289,040 people, the Spanish government reports.

Mon, 04 Mar 2019 18:26:50 GMT

Zimbabwe secures $1B funding to boost economy

Zimbabwe has attracted $985M of foreign investment the previous year to boost the economy, the Reserve Bank of Zimbabwe Governor John Mangudya says.

Mon, 04 Mar 2019 17:26:16 GMT

China to cut highest rate of VAT

China announced plans to cut the VAT rate, which covers the manufacturing sector by 3% points, Bloomberg stated on Monday, citing sources familiar with the matter.

Mon, 04 Mar 2019 17:24:19 GMT

Philippine debt at new high in January

The outstanding debt of the Philippines hit $144.74B at the end of January, as the government borrowed more abroad and locally, the BTr stated on Monday.

Mon, 04 Mar 2019 16:01:19 GMT

EZ producer prices increase faster than expected

Producer prices in the Euro zone grew slightly faster than anticipated in January, supported by a rise in energy, capital and intermediate goods, data revealed on Monday.

Mon, 04 Mar 2019 15:58:45 GMT

US construction spending drops in December

The US construction spending declined unexpectedly in December amid decline in investments in both private and public projects, further evidence that the economic growth lost momentum at the end of 2018.

Mon, 04 Mar 2019 15:05:30 GMT

Newmont scraps Barrick's buyout bid

On Monday, Newmont Mining rejected an unsolicited proposal made by its rival Barrick Gold, saying the offer did not serve its shareholders' interest but added it had proposed Barrick a joint venture for Nevada operations.

Mon, 04 Mar 2019 14:51:39 GMT

Portugal's EDP makes investment in Sepio Systems

The EU electricity giant Energias de Portugal announced a strategic investment into the US-Israeli cybersecurity firm Sepio Systems, not disclosing the financial terms of the deal.

Mon, 04 Mar 2019 14:33:31 GMT

Kakao, Tencent join bidders for Nexon

South Korea's largest chat operator Kakao and China's tech titan Tencent have joined other three bidders shortlisted to acquire Nexon, the South Korean gaming company.

Mon, 04 Mar 2019 14:25:38 GMT

BRG to close 27 restaurants in survival plan

Boparan Restaurant Group is set to shut down 27 out of 70 of its Ed's Easy Diner and Giraffe eateries on the back of the firm's survival plan, as it struggles from online competition.

Mon, 04 Mar 2019 13:09:33 GMT

Alibaba, Office Depot tie up over website

Alibaba Group Holdings and Office Depot teamed up over the co-branded e-commerce website, as both firms seek for selling opportunities in the small to medium businesses in North America.

Mon, 04 Mar 2019 13:08:42 GMT

Sports Direct proposes Findel's acquisition

On Monday, Sports Direct, owned by the UK retail businessman Mike Ashley, stated it had made an offer to acquire Britain's Findel in a deal that would value the online education and retail business at £139.2M.

Mon, 04 Mar 2019 12:11:54 GMT

Marsh, JLT consider aerospace unit's sale

Jardine Lloyd Thompson and Marsh & McLennan, its buyer, proposed a sale of JLT's global aerospace division to receive an approval from the EU for their takeover deal, the UK insurance broker announced on Monday.

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