News

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Mon, 05 Feb 2018 20:51:38 GMT

Bitcoin declines below $7,000 on Monday

Bitcoin plunged more than 15% on Monday, as concerns over increased global regulation and a credit card ban by US and UK banks pushed it to a three-month low of $6,853.53.

Mon, 05 Feb 2018 19:56:42 GMT

CFTC, SEC support increased control over digital currencies

The Chairmen of the Commodity Futures Trading Commission and the Securities and Exchange Commission support increased control and a new regulatory framework for digital currencies.

Mon, 05 Feb 2018 19:56:18 GMT

US fundamentals are strong, says White House spokesman

Raj Shah, a spokesman for the Trump administration, told media on Monday that US fundamentals were solid even despite strong market fluctuations.

Mon, 05 Feb 2018 19:08:42 GMT

Lufthansa replaces Brussels Airlines management

Lufthansa said on Monday it had decided to replace several Brussels Airlines top managers in a major company shake-up.

Mon, 05 Feb 2018 19:08:27 GMT

Jan Zijderveld becomes Avon's CEO

On Monday, Avon Products Inc. appointed Jan Zijderveld as the company's CEO, effective immediately, succeeding Sheri McCoy who was supposed to resign in March.

Mon, 05 Feb 2018 18:18:05 GMT

Allergan appoints new CFO

The current CFO of Catalent Inc. Matthew Walsh has been appointed as the new Allergan PLC Chief Financial Officer.

Mon, 05 Feb 2018 18:16:25 GMT

EG Group to acquire Kroger's convenience store business

On Monday, the Ohio-based retailing company Kroger said in was in advanced talks with EG Group to sell its convenience store business for $2.15B.

Mon, 05 Feb 2018 17:00:39 GMT

December EA19 retail sales in line with expectations

Data released by Eurostat showed that the volume of retail trade in the Euro area dropped by 1.1% over the course of December, in line with analysts' expectations.

Mon, 05 Feb 2018 17:00:29 GMT

Viacom strikes streaming deal with Telefonica

The New York-based media conglomerate Viacom said it had struck a mobile streaming deal all around Latin America with the Spanish broadband and telecommunications provider Telefonica.

Mon, 05 Feb 2018 16:31:16 GMT

US ISM non-manufacturing PMI hits 59.9 in January

The Institute for Supply Management revealed on Monday that its non-manufacturing PMI for the US rose in January, hitting the 59.9-point mark.

Mon, 05 Feb 2018 16:30:34 GMT

UK January services PMI misses expectations

According to the data released by Markit on Monday, the services PMI for the United Kingdom fell to 53.0 in January, missing analysts' expectations for a 54.1-point print.

Mon, 05 Feb 2018 15:19:03 GMT

Nvidia teams up with Continental

Nvidia Corp and Continental AG on Monday announced that the two enterprises are working together to develop self-driving systems.

Mon, 05 Feb 2018 15:17:25 GMT

New German coalition wants to close tax loophole

The future coalition of Germany announced on Monday the idea to end the misuse of a tax loophole in the country's property tax.

Mon, 05 Feb 2018 13:58:27 GMT

Iraq plans military operation

Iraqi military forces are preparing to consolidate the control of the areas located near the Iranian border that are used for oil transit.

Mon, 05 Feb 2018 13:46:51 GMT

Trump accuses top Democrat of leaking information

The US President Donald Trump on Twitter on Monday accused the US Representative Adam Schiffer, who sits on the House Intelligence Committee, of leaking information.

Mon, 05 Feb 2018 13:24:15 GMT

China increases ban on exports to North Korea

The Chinese government has increased the list dual use goods, which are banned from being exported to North Korea.

Mon, 05 Feb 2018 13:23:38 GMT

Broadcom increases its bid for Qualcomm

On Monday the chipmaker Broadcom increased its offer to buy Qualcomm. The bid was increased from $103B to $121B.

Mon, 05 Feb 2018 12:04:08 GMT

Rising oil price to result in higher airfare

The CEO of International Air Transport Association (IATA) Alexandre de Juniac said on Monday that the jump in crude oil prices lead to an increase in airlines' costs and for this reason is likely to result in higher airfare.

Mon, 05 Feb 2018 12:03:57 GMT

CDU and SPD reach consensus on Europe

The SPD leader Martin Schulz announced on Monday that his party has finally managed to reach an agreement with Angela Merkel's conservatives to invest more funds in the Euro Zone and end austerity.

Mon, 05 Feb 2018 11:01:23 GMT

UK's Barnier calls to respect EU rules

The EU Chief Brexit Negotiator Michel Barnier said on Monday that both the British government and leadership of the European Union must respect the red lines set by each other during the negotiation process.

Mon, 05 Feb 2018 11:01:10 GMT

Oil prices plunge to $68.22

Crude oil prices dropped by 36 cents on Monday morning, thus approaching to a one-month low, as investors focused on combination of rising American output and overall decline in stocks and commodities.

Mon, 05 Feb 2018 10:14:49 GMT

Thailand prepares for 300K Chinese tourists during New Year

The Tourism Authority of Thailand (TAT) stated on Monday it expects nearly 300K tourists from China during the Lunar New Year, which depicts an 18% surge on a year-over-year basis.

Mon, 05 Feb 2018 10:06:15 GMT

Iran accuses US of psychological warfare

Iranian authorities said on Monday that imprisonment of Iran-born American citizen Ahmad Sheikhzadeh for tax evasion is an example of 'psychological warfare' that the US conducts against Iran.

Mon, 05 Feb 2018 09:15:08 GMT

Panasonic's operating profit climbs 23% in Oct-Dec

Panasonic Corp announced on Monday a 23% jump in its third-quarter operating profit to ¥120.1bn, driven by solid sales of factory equipment and car components.

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