News

Note: This section contains information in English only.
Wed, 07 Mar 2018 19:59:33 GMT

Fed: US labour market remains tight

According to the Beige Book published by the Fed, the US job market remained tight with an increasing demand for qualified workers and labour shortage in certain sectors.

Wed, 07 Mar 2018 19:21:16 GMT

UN Security council calls for ceasefire across Syria

On Wednesday, the United Nations Security Council called for an implementation of ceasefire across Syria, expressing its concerns regarding Syria's humanitarian situation.

Wed, 07 Mar 2018 19:04:53 GMT

IKEA CFO: company will maintain high investment rates

On Wednesday, new IKEA CFO Juvencio Maeztu stated that the company will raise or maintain the already high investments level in the nearest few years as IKEA is adapting to fast-changing consuming habits.

Wed, 07 Mar 2018 18:19:23 GMT

France is not ready to sell Renault shares to Nissan

An official of French Ministry of Finance claimed that France is not ready to accept the proposal of Renault-Nissan CEO Carlos Ghosn to let Nissan acquire French government's share in the carmaker Renault.

Wed, 07 Mar 2018 18:00:01 GMT

Kraft Heinz launches incubator program for food startups

On Wednesday, Kraft Heinz Co launched an incubator platform Springboard for beverage and food startups, focusing on supporting developing brands which make healthy and experimental products.

Wed, 07 Mar 2018 16:59:52 GMT

BoC keeps rates unchanged, cites trade unclarity

The Bank of Canada announced its decision to keep the key interest rate unchanged at 1.25%, as expected, citing trade policy as an important source of uncertainty.

Wed, 07 Mar 2018 16:59:44 GMT

Nissan in negotiations to acquire France's stake in Renault

Renault and the company's alliance partner Nissan were considering closer conjunction in which Japan's carmaker would buy the bulk of France's 15% Renault holding.

Wed, 07 Mar 2018 16:11:03 GMT

ADP: US private sector adds 235K jobs in February

The ADP report showed that private employers in the United States added 235K positions in February, far above expectations for a 195K gain.

Wed, 07 Mar 2018 16:10:25 GMT

Canada's trade deficit narrows last month, exports fall strongly

The Canadian trade deficit narrowed more than anticipated in January, as imports stepped back from a record high, while exports slumped by most in the six-month period.

Wed, 07 Mar 2018 15:32:31 GMT

Carmakers warn PM May: plants to become more expensive

The UK largest automakers such as Jaguar Land Rover warned the Prime Minister Theresa May their car plants were likely to become more expensive and harder to run after Britain's exit from the EU.

Wed, 07 Mar 2018 15:25:46 GMT

Abercrombie tops expectations for holiday quarter sales

On Wednesday, Abercrombie & Fitch reported better-than-expected sales in the holiday quarter, boosted by a strong demand for its Hollister apparel, sending the company's shares up 4% to $22.15.

Wed, 07 Mar 2018 14:35:24 GMT

US trade balance rises $2.7B in January

According to the Bureau of Economic Analysis, the US trade deficit jumped to $56.6B in January, following the prior month's $53.9B reading.

Wed, 07 Mar 2018 14:29:32 GMT

Goldman puts UK staff on notice to move to Germany

Goldman Sachs put over dozen of its London-based sales, trading and banking employees on notice for move to Frankfurt in the coming weeks amid Brexit.

Wed, 07 Mar 2018 13:34:08 GMT

EU offers FTA with limited access for British banks

On Wednesday, the European Union offered a free trade agreement to Britain with the much more limited access and cooperation for its banks, than London had expected.

Wed, 07 Mar 2018 13:32:31 GMT

Exxon Mobil views earning to double by 2025

Exxon Mobil is expecting its earnings will more than double within the next six-seven years to $31B at the current oil prices.

Wed, 07 Mar 2018 12:33:42 GMT

US and Baltic countries discuss Russia, Baltic summit

The US State Secretary Rex Tillerson held talks with his counterparts from Latvia, Lithuania and Estonia over the April's Baltic summit that should take place in Washington and Russia's ties with its neighbours.

Wed, 07 Mar 2018 12:33:25 GMT

Germany raises concerns over US Economic Adviser's leave

Germany's government expressed grave concerns over the resignation of the President Donald Trump's Chief Economic Adviser Gary Cohn, caused by the plan to impose tariffs on steel imports.

Wed, 07 Mar 2018 11:01:00 GMT

Trade sceptics gain influence in White House

After Donald Trump's top anti tariff advisor Gary Cohn quit on Tuesday economic nationalists have gained the upper hand, as reported by Reuters.

Wed, 07 Mar 2018 10:59:54 GMT

Lagarde scolds trade tariffs

The chief of the International Monetary Fund Christine Lagarde on Wednesday warned about the economic impact that US import tariffs would create to the global economy.

Wed, 07 Mar 2018 10:30:09 GMT

RBS achieves $500M settlement with NY State

Royal Bank of Scotland reached a $500M settlement with the State of New York over the sold mortgage securities, which contributed to the global financial crisis in 2008.

Wed, 07 Mar 2018 10:14:08 GMT

Erdogan, Putin in talks over Syrian Eastern Ghouta

The leaders of Russia and Turkey Vladimir Putin and Tayyip Erdogan were discussing Syria's situation in the Eastern Ghouta and Turkish operation in Afrin during their phone call.

Wed, 07 Mar 2018 09:33:34 GMT

President Trump to appoint new Chief Economic Adviser

The US President Donald Trump is set to appoint new Chief Economic Adviser any time soon to replace Gary Cohn, who has recently announced his resignation.

Wed, 07 Mar 2018 09:31:53 GMT

Berlusconi to back League leader to form government

The former Italian Prime Minister Silvio Berlusconi stated on Wednesday he would support the League eurosceptic partner's leader amid his intention to form a government.

Wed, 07 Mar 2018 08:09:36 GMT

Venezuela to start auctioning its cryptocurrency via Dicom

On Tuesday, the Venezuelan Vice President Tareck El Aissami announced the country would sell its petro cryptocurrency to private firms via the Dicom forex platform in the coming weeks.

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