Financial news

16.10.2019 12:00:41

Kazakhstan’s Kashagan oil output falls due to unplanned maintenance

Kazakhstan’s Kashagan oil output falls due to unplanned maintenance Production of oil and gas condensate at Kazakhstan as its Kashagan project decreased due to unplanned maintenance according to the energy ministry. While it declined ...
16.10.2019 12:00:41

European shares dip as Brexit talks continue

European shares dip as Brexit talks continue European shares dipped on Wednesday as uncertainty over the outcome of London’s last-ditch Brexit talks with Brussels kept investors on the sidelines. Brexit negotiations will resume in Brussels ...
14.10.2019 12:00:23

Analysts see Trump’s hailing of $50 billion in Chinese farm purchases as “meaningless”

Analysts see Trump’s hailing of $50 billion in Chinese farm purchases as “meaningless” China is still distant from buying $50 billion worth of agricultural goods from the United States according to analysts from the industry. ...
14.10.2019 12:00:23

South Africa is working to attract private investors; Ramaphosa says

South Africa is working to attract private investors; Ramaphosa says South African President Cyril Ramaphosa told the Financial Times Africa Summit that the country was working to restore its institutions and secure private investment in order ...
14.10.2019 12:00:23

China’s copper imports soars to eight-month high

China’s copper imports soars to eight-month high China’s copper imports rose 10.15% in September, making it their highest in eight months as high prices drew shipments to Shanghai, the world’s top consumer of the metal. According ...
11.10.2019 14:00:26

China’s September exports expected to drop by 3%

China’s September exports expected to drop by 3% China’s exports fell at a slightly faster pace in September as reducing global demands and U.S. tariffs intensified. Meanwhile, imports shrank for a fifth month straight, suggesting ...
11.10.2019 14:00:25

Brexit deal likely to be reached by October 31; Irish PM says

Brexit deal likely to be reached by October 31; Irish PM says Irish Prime Minister Leo Varadkar said on Thursday that he believed a Brexit deal was likely to be reached on October 31. The Prime Ministers of the U.K and Ireland released a joint ...
11.10.2019 14:00:24

No-Deal Brexit could cost Ireland 73,000 jobs; central bank says

No-Deal Brexit could cost Ireland 73,000 jobs; central bank says A no-deal Brexit could cost Ireland more than 73,000 jobs over the next two years, the nation’s central bank said. According to the bank’s speculations, if the U.K. ...
10.10.2019 13:01:25

India seeks safeguards in China-led trade pact

India seeks safeguards in China-led trade pact India wants safeguards to be built into a China-led trade pact to prevent a sudden surge in imports, the Indian trade ministry said on Wednesday. Negotiators for the 16-nation Regional Comprehensive ...
10.10.2019 13:01:24

U.S. futures flat ahead trade talks

U.S. futures flat ahead trade talks U.S. futures were flat on Thursday as investors remained cautious from mixed signals ahead of trade talks between the U.S. and China. The South China Morning Post reported that no progress has been made ...
10.10.2019 13:01:24

U.S. blacklisting lowers China’s expectations for trade talks

U.S. blacklisting lowers China’s expectations for trade talks Following the U.S. blacklisting of several Chinese companies, China has lowered its expectations for significant progress from the week’s trade talks with the United ...
09.10.2019 13:00:49

Market sentiment fragile as U.S.-China talks and Brexit deals fade hopes

Market sentiment fragile as U.S.-China talks and Brexit deals fade hopes European stocks steadied on Wednesday but market sentiment remained fragile as negotiations for a Brexit withdrawal deal seemed all but dead. The sentiment carried on ...
09.10.2019 13:00:49

Exxon Mobil to sell Malaysian offshore assets worth $3 billion; Bloomberg reports

Exxon Mobil to sell Malaysian offshore assets worth $3 billion; Bloomberg reports U.S. energy giant Exxon Mobil is considering a sale of its Malaysian offshore assets for up to $3 billion, Bloomberg reported on Wednesday. Exxon is said to ...
09.10.2019 13:00:48

Bank of England sets out rules of engagement for Facebook’s Libra

Bank of England sets out rules of engagement for Facebook’s Libra The Bank of England (BoE) had set out rules of engagement that Facebook’s cryptocurrency, Libra and other digital payment providers would meet before they can operate ...
09.10.2019 13:00:48

Zimbabwe hikes electricity prices, affecting impoverished consumers

Zimbabwe hikes electricity prices, affecting impoverished consumers Zimbabwe hiked its average electricity tariff by 320% on Wednesday in attempts to ramp up power supplies at a time of daily blackouts. However, the move has angered consumers ...
07.10.2019 09:00:39

Metro Bank founder quits amid fallout from accounting error

Metro Bank founder quits amid fallout from an accounting error Metro Bank shares jumped more than a quarter on Wednesday after its founder and chairman, Vernon Hill, quit following the wake of a significant accounting error that misclassified ...
07.10.2019 09:00:39

Saudi private sector employment growth at 18-month high

Saudi private sector employment growth at 18-month high Growth in Saudi Arabia’s non-oil private sector increased in September at the fastest rate for three months. According to a survey showed on Thursday, an increase in output and ...
07.10.2019 09:00:39

Crypto trading spikes in Hong Kong amid protests

Crypto trading spikes in Hong Kong amid protests Bitcoin, as well as other significant cryptocurrencies, traded slightly higher on Thursday in Asia. According to data, trading in digital coins spiked mostly in Hong Kong. Economists suggest ...
07.10.2019 09:00:39

Kroger to lay off store employees amid improvement attempts

Kroger to lay off store employees amid improvement attempts Kroger Co. (KR.N) is considering to cut jobs of several store employees holding middle management roles amidst the supermarket chain’s push to improve delivery and in-store ...
07.10.2019 09:00:39

The U.S. to apply 25% tariffs on Scotch whiskey, Italian cheese, and French wine

The U.S. to apply 25% tariffs on Scotch whiskey, Italian cheese, and French wine The Trump administration had slapped 25% tariffs on French wine, Italian cheese, and single-malt Scotch whiskey exports in retaliation for EU subsidies on large ...
02.10.2019 14:00:36

Visa and Mastercard Inc to reconsider backing Facebook’s Libra

Visa and Mastercard Inc to reconsider backing Facebook’s Libra Visa (V.N), Mastercard Inc (MA.N), and other key financial partners may reconsider their involvement in Facebook Inc’s (FB.O) Libra. Initially, the financial backers ...
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