News

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Fri, 03 Nov 2017 14:29:32 GMT

Nowotny sees Euro zone inflation higher-than-expected

According to the ECB policymaker Ewald Nowotny, Euro zone's inflation is seen to be higher in 2018, than it is now projected due to surging energy prices.

Fri, 03 Nov 2017 14:19:35 GMT

US trade balance worsens in October

The Bureau of Economic Analysis reported on Friday that the US trade deficit widened to $43.5B in October, from the preceding month's upwardly revised $42.8B gap.

Fri, 03 Nov 2017 13:34:03 GMT

US unemployment rate falls to 4.1% in October

According to the Bureau of Labour Statistics, the jobless rate in the United States declined to 4.1% in October, missing analysts' expectations for an unchanged reading of 4.2%.

Fri, 03 Nov 2017 13:30:40 GMT

Canada's employment skyrockets in October

Statistics Canada reported that the Canada net change in employment surged 25.3K to 35.3K in October, beating analysts' expectations for a 15.3K rise.

Fri, 03 Nov 2017 12:21:30 GMT

Frankfurt-listed shares in Apple jump 4% on Q3 results

Apple's Frankfurt-listed shares were up 4% on Friday, following the company's better-than-expected Q3 results on earnings and dispelled rumours over iPhone X production delays.

Fri, 03 Nov 2017 12:15:01 GMT

Gaza tunnel death toll rises to 12 on Friday

On Friday, the death toll from a strike in the Gaza Strip rose to 12 militants after Israel had blasted a cross-border tunnel dug by the Palestine's security forces.

Fri, 03 Nov 2017 11:03:36 GMT

Stoxx Europe 600 advances with limited gains on Friday

The European benchmark Stoxx Europe 600 rose 0.1% on Friday, its gains being limited by sluggish corporate earnings from telecom, financial, utility, gas and oil companies.

Fri, 03 Nov 2017 10:57:00 GMT

Bloomberg: Singapore investigates Goldman's involvement with 1MDB

Singapore's economic crime unit was investigating the relationship between Goldman Sachs Group and the scandalous Malaysian investment fund 1MDB, as reported by Bloomberg on Friday.

Fri, 03 Nov 2017 10:27:55 GMT

Catalan jobless rate surges amid political crisis

The unemployment rate in Catalonia skyrocketed 3.67% to 12.54%, driven by the political crisis in the wealthy Spanish region.

Fri, 03 Nov 2017 10:16:49 GMT

Syria proclaims victory over IS in Deir al-Zor

On Friday, Syria's government declared a victory over the jihadists group Islamic State in Deir al-Zor, crumbling the militants' stronghold in the country.

Fri, 03 Nov 2017 09:26:19 GMT

Sprint, T-Mobile cooperate to salvage merger

T-Mobile and Sprint are cooperating to save their $74B merger, aiming to reach a deal in a few weeks, according to the Wall Street Journal.

Fri, 03 Nov 2017 09:22:37 GMT

GSK's R&D chief Vallane to quit for UK government job

The Research and Development head of GlaxoSmithKline Patrick Vallance will leave the company to become a new chief scientific adviser of the British government.

Fri, 03 Nov 2017 08:32:10 GMT

Taiwan President travels to Guam despite China's ire

Taiwanese President Tsai Ing-wen visited the US Pacific island Guam on Friday, despite China's objections over the trip.

Fri, 03 Nov 2017 08:29:06 GMT

Automakers to build out pan-European charging network

The carmakers Ford, Daimler, BMW and VW stated on Friday they had formed the IONITY joint venture, aiming to launch a pan-European charging station network for e-vehicles by 2020.

Fri, 03 Nov 2017 07:32:59 GMT

Ex-Pakistani PM attends anti-corruption trial on Friday

The former Pakistani Prime Minister Nawaz Sharif appeared in the court on Friday to face the corruption charges that had been filed against him regarding the London properties his family owns.

Fri, 03 Nov 2017 07:30:09 GMT

Trump resumes calls for death penalty for NY truck attacker

On Thursday, the US President Donald Trump renewed his calls for a death penalty against the suspected truck attacker in the New York City, who claimed lives of eight people.

Fri, 03 Nov 2017 06:10:54 GMT

China and Vietnam reach agreement on South China Sea dispute

According to a senior Chinese diplomat, Hanoi and Beijing have managed to reach an agreement over the ongoing South China Sea dispute.

Fri, 03 Nov 2017 06:09:53 GMT

CBS posts disappointing third-quarter revenue

CBS, an American mass media corporation focused on commercial broadcasting, reported a worse-than-expected third-quarter revenue, as ad sales declined.

Fri, 03 Nov 2017 05:26:23 GMT

People queue in Sydney to buy new iPhone X

Early on Friday, hundreds started lining up outside Apple's store in Sydney to be among the first to purchase the new iPhone X.

Fri, 03 Nov 2017 05:25:45 GMT

Apple's Cook: iPhone X ready for holiday shopping season

Apple's CEO Tim Cook put an end to a rumour that the company's flagship iPhone X would not be delivered in time for the Christmas shopping season.

Fri, 03 Nov 2017 04:31:50 GMT

Amazon to stop Fresh grocery deliveries in some cities

Amazon said that it is set to discontinue providing its Fresh delivery services in the selected cities, but the company continues to operate in a dozen other areas.

Fri, 03 Nov 2017 04:30:47 GMT

Starbucks diminishes profit expectations

Starbucks announced that the company trimmed its profit forecasts and posted weak quarterly sales, after being squeezed by competitors, including low-price McDonald's.

Fri, 03 Nov 2017 03:02:30 GMT

China's services sector expands modestly in October

Chinese services PMI picked up slightly to 51.2 points in October, indicating the subdued growth in new orders and weaker activity in the reported period.

Fri, 03 Nov 2017 03:01:04 GMT

Australian retail sales flat in September

The Australian Bureau of Statistic said that the country's retail sales were unchanged in September, as consumers curbed spending due to high utility bills and stagnant pay growth.

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