News

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Fri, 26 Jan 2018 14:32:08 GMT

Spain expels Venezuelan ambassador in tit-for-tat move

Spain's government has expelled Venezuelan ambassador in Spain on Friday, declaring the official "persona non grata", following Venezuela's equivalent move on Thursday.

Fri, 26 Jan 2018 14:28:00 GMT

Colgate-Palmolive Q4 sales miss forecasts

On Friday, Colgate-Palmolive posted a 4.5% rise to $3.9B in its Q4 sales, missing analysts' expectations for a $3.92B reading, while the company's shares plunged 3% to $74.90.

Fri, 26 Jan 2018 13:17:47 GMT

ECB needs to monitor exchange rates' impact on inflation

The ECB governing council's official Francois Villeroy de Galhau stated on Friday that the European Central Bank must monitor the impact, which the exchange rates had on the inflation prospects.

Fri, 26 Jan 2018 13:17:30 GMT

Atlas Copco shares drop 3% after Q4 misses forecasts

Shares of the compressor and underground mining equipment maker Atlas Copco fell 3% on Friday, following a report on its Q4 operating profit that missed forecasts for a demand to stay on hold.

Fri, 26 Jan 2018 12:04:34 GMT

Benchmark Capital drops case against Uber's ex-CEO

Delaware judge dismissed a lawsuit filed by Silicon Valley's venture company Benchmark Capital against Uber's former CEO Travis Kalanick on Thursday, after both parties reached the agreement.

Fri, 26 Jan 2018 11:59:09 GMT

Trump seeks dialogue with Moscow

On Friday, the US President Donald Trump told the Russian TASS news outlet at the W.E.F. in Davos that he had hoped for a dialogue with Moscow.

Fri, 26 Jan 2018 11:22:43 GMT

Putin unlikely to attend Syria's peace congress

According to Kremlin's spokesman Dmitry Peskov, the President Vladimir Putin has no plans on attending Syrian peace congress in Russia's city of Sochi.

Fri, 26 Jan 2018 11:19:48 GMT

Trump rejects report on his order to fire Mueller

The US President Donald Trump denied Friday's report that stated he had ordered the Special Counsel Robert Mueller fired in June 2017, calling the allegation "fake news".

Fri, 26 Jan 2018 09:55:06 GMT

China to appoint Liu He as VP overseeing economy

China is eager to name a Harvard-trained economist and President Xi Jinping's advisor Liu He as the Vice Premier overseeing the financial and economy sector.

Fri, 26 Jan 2018 09:54:51 GMT

UN experts call on Philippines to keep free media

The UN Human Rights experts urged the Philippines to let the independent news website Rappler operate, following raising concerns at surging rhetoric against critical voices over Rodrigo Duterte.

Fri, 26 Jan 2018 09:27:34 GMT

Merkel's Conservatives open coalition talks with SPD

On Friday, the Conservative Party and the Social Democrats launched the German coalition talks, four months after the election that left country's economy in a state of political limbo.

Fri, 26 Jan 2018 08:54:28 GMT

Switzerland unlikely to sign new EU treaty

Swiss Finance Minister Ueli Maurer stated that it was politically impossible for Switzerland as a neutral country to sign a new EU treaty in the nearest future that would bind it closer to the bloc.

Fri, 26 Jan 2018 08:32:39 GMT

Republican US Senator backs Trump's immigration plan

The Republican Senator Tom Cotton on Thursday praised the President Donald Trump immigration plan, saying he looked forward to join the Congress to turn that plan into a legislation.

Fri, 26 Jan 2018 08:30:09 GMT

Barclays, Goldman, SocGen seek to buy Commerzbank's unit

Goldman Sachs, Barclays and Societe Generale are interested in acquiring the Equities, Markets and Commodities unit of Germany's Commerzbank, as the EMC division includes its ETF portfolio.

Fri, 26 Jan 2018 07:01:10 GMT

China urban jobless rate reaches record low in 2017

The Chinese urban-registered jobless rate dropped to a 15-year low of 3.9% in 2017, the country's Ministry of Human Resources and Social Security reported on Friday.

Fri, 26 Jan 2018 06:53:43 GMT

Japex reports $608M loss in shale gas project for Q4 2017

Japan Petroleum Exploration Co Ltd reported on Friday an impairment loss of $608M (C$750M) on its Canadian shale gas project during the fourth quarter of 2017.

Fri, 26 Jan 2018 06:18:08 GMT

Lyft investigates employees' misconduct

The US ride-hailing company Lyft said that it was probing into allegations of its employees misusing customer data.

Fri, 26 Jan 2018 06:17:13 GMT

Fujitsu to sell mobile phone unit to Polaris

On Friday, Fujitsu said it was in advanced talks to sell its mobile phone unit to the Japanese investment fund Polaris Capital Group.

Fri, 26 Jan 2018 05:29:09 GMT

South Korea: crisis over North Korea must be resolved diplomatically

The Foreign Minister of South Korea said that the North Korean crisis must be resolved solely diplomatically and no military option would be acceptable.

Fri, 26 Jan 2018 05:28:32 GMT

Dell weighs acquisitions or possible IPO

According to sources with knowledge on the matter, Dell is now considering a variety of options to boost the company's growth through possible acquisitions or IPO.

Fri, 26 Jan 2018 04:39:50 GMT

Walmart to start grocery delivery online service in Japan

Walmart has struck a cooperation with e-commerce business Rakuten to launch an online service of grocery delivery in Japan, in a bid to crack the market.

Fri, 26 Jan 2018 04:39:27 GMT

China industrial profits grow at strongest pace in six years

China's industrial profits posted a weak expansion pace in December, while the yearly growth rate marked the strongest increase in six years.

Fri, 26 Jan 2018 02:54:57 GMT

Japanese services producer prices increase 0.8% last month

On Friday, the Bank of Japan reported that its SPPI climbed 0.8% in December, in line with analysts' forecasts.

Fri, 26 Jan 2018 02:53:53 GMT

Japanese consumer prices rise in line with forecasts

Japan's Statistics Bureau reported on Friday that its National Core CPI rose 0.9% in January, following the preceding month's gain of 0.9%.

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