News

Note: This section contains information in English only.
Wed, 09 Aug 2017 04:56:58 GMT

China's consumer prices growth weakens to 1.4% in July

The Chinese Bureau of Statistics revealed that the country's Consumer Prices Index dropped to 1.4% in July, missing expectations for an unchanged reading of 1.5%.

Wed, 09 Aug 2017 02:53:13 GMT

Spain reports increase of home sales in June

The Spanish National Institute of Statistics reported that the home sales within the country rose 19.3% year-over-year in June, with more than 44K houses sold.

Wed, 09 Aug 2017 02:52:24 GMT

Pakistan, Azerbaijan to strengthen partnership in defence area

Azerbaijan and Pakistan would keep expanding cooperation in defence area as well as military trainings organisation, Pakistani Ambassador stated.

Wed, 09 Aug 2017 02:06:35 GMT

Sri Lanka aims to enhance cultural ties with China

Sri Lankan officials expressed hopes to strengthen cultural relations with China, when the new the China Cultural Centre was opened in Colombo.

Wed, 09 Aug 2017 02:05:46 GMT

Nissan to pay $97.7M settlement on Takata claims

Nissan agreed to pay around $97.7M in attempt to settle claims of US consumer economic loss, which was tied to the withdrawal of 4.4M vehicles with Takata inflatiors.

Tue, 08 Aug 2017 18:19:33 GMT

OPEC oil exports hit record high last month

Oil prices dropped markedly on Tuesday after the OPEC reported that exports from the current member countries hit record highs in July, with Nigeria and Libya contributing most to the surge.

Tue, 08 Aug 2017 18:12:18 GMT

ITS agrees to investigate Qualcomm's complaint against Apple

On Tuesday, the International Trade Centre agreed to investigate Qualcomm's patent complaint against Apple.

Tue, 08 Aug 2017 16:56:42 GMT

US job openings increase to 6.16M in June

The US Bureau of Labour Statistics reported that the US job openings climbed to 6.16M over the course of June, following the prior month's upwardly revised figure of 5.70M.

Tue, 08 Aug 2017 16:56:06 GMT

ASOS to open one more distribution centre in US

ASOS, the UK online retailer, is likely to spend $40M on a second distribution centre in the United States in attempt to sustain strong growth in sales.

Tue, 08 Aug 2017 16:00:50 GMT

Germany's exports and imports fall in June

Destatis reported that German exports and imports dropped 2.8% and 4.5%, respectively, moving the country's trade balance up to €21.2B in June.

Tue, 08 Aug 2017 15:59:50 GMT

Saudis to cut crude oil allocations by more than OPEC requests

Saudi Arabia would cut crude oil allocations in September by nearly 520K barrels per day, aiming to help to comply with the OPEC agreement, an industry source revealed.

Tue, 08 Aug 2017 14:57:23 GMT

Chinese exports and imports growth slows in July

China's imports rose 11.0% in July, compared with a 17.2% increase registered in the prior month, while exports growth slowed to 7.2% from 11.3% in the same period.

Tue, 08 Aug 2017 14:55:06 GMT

Spain to push for Euro zone budget

Spain is set to call the European Finance Minister to review the country's budget at summit in August with Germany, France and Italy, Spanish PM Mariano Rajoy stated.

Tue, 08 Aug 2017 14:33:54 GMT

Putin arrives to Georgia's breakaway region of Abkhazia

According to the Kremlin, the President of Russia Vladimir Putin visited the Georgia's breakaway region of Abkhazia on Tuesday.

Tue, 08 Aug 2017 14:24:23 GMT

Michael Kors posts better-than-expected Q1 revenue and profit

On Tuesday, the US fashion accessories manufacturer Michael Kors reported a better-than-expected revenue and profit in its Q1, while the company's shares soared 12.4%.

Tue, 08 Aug 2017 13:30:50 GMT

Ralph Lauren posts 13.2% drop in sales

The US luxury brand Ralph Lauren reported a 13.2% fall in its quarterly sales as the company's decision to sell the majority of items at full price cooled demand in North America.

Tue, 08 Aug 2017 13:08:09 GMT

Four Taliban militants dead in Lahore after bomb blast

Four Taliban militants were reported to be killed by the security forces of Pakistan in the Lahore city after a vehicle bomb blast claimed life of at least one person and injured 22 on Thursday.

Tue, 08 Aug 2017 12:34:07 GMT

Tillerson urges Thailand to pressure on North Korea

The US State Secretary Rex Tillerson urged the Thai leaders to put more pressure on North Korea during his visit to Thailand on Tuesday.

Tue, 08 Aug 2017 10:56:13 GMT

Swiss jobless rate remains on hold at 3.2%

According to the SECO, the unemployment rate in Switzerland remained unchanged at 3.2% in July, fully meeting analysts' expectations.

Tue, 08 Aug 2017 10:52:06 GMT

South Africa ANC to support Zuma in no-confidence vote

On Tuesday, the African National Congress' lawmakers came to an agreement to back South Africa's President Jacob Zuma in a no-confidence vote in the Parliament later that day.

Tue, 08 Aug 2017 10:22:20 GMT

UN blames Venezuela for excessive force

Ravina Shamdasani, the OHCHR spokeswoman, said that Venezuelan authorities have applied excessive force and arbitrary detentions to suppress protests on the streets since April.

Tue, 08 Aug 2017 10:21:55 GMT

Turkey allows German parliamentarians to visit Incirlik

According to a letter from the German foreign minister, Turkey has finally allowed German parliamentarians to visit soldiers of the Bundeswehr at the Incirlik air base as part of a NATO trip.

Tue, 08 Aug 2017 09:34:15 GMT

Vietnam, China meeting cancelled amid South China Sea tensions

According to the China's embassy official, a planned meeting between Chinese and Vietnamese Foreign Ministers was cancelled amid rising tensions over the South China Sea between the two countries.

Tue, 08 Aug 2017 09:08:27 GMT

Wordplay, Vantiv postpone acquisition deal deadline

On Tuesday, the UK payments company Wordplay announced it had got the second deadline extension for their acquisition deal with Vantiv as two companies needed more time to come to a final agreement.

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