News

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Thu, 24 Aug 2017 16:53:49 GMT

Existing home sales in US fall unexpectedly in July

The National Association of Realtors reported that home resales in the US dropped 1.3% to a seasonally adjusted yearly rate of 5.44M units, missing expectations for a 5.55M reading.

Thu, 24 Aug 2017 16:52:32 GMT

Russian franchisee of Papa John's to expand in Poland, Central Asia

Russian franchisee of the US pizza giant Papa John's announced that it would open new restaurants in Kyrgyzstan, Kazakhstan and Poland in the next three to five years.

Thu, 24 Aug 2017 16:09:35 GMT

Russia expects US visa restrictions to hurt tourism flow

Washington restrictions adopted on Russian tourists applying for US visas are set to cause negative effects on tourism flow, Russian tourism agency chief stated.

Thu, 24 Aug 2017 16:08:34 GMT

China and Norway start talks on free trade

Chine and Norway began negotiations on a free trade deal in an attempt to normalise political and diplomatic ties, which were frozen since 2010.

Thu, 24 Aug 2017 15:03:22 GMT

US jobless claims inch up to 234K last week

The US Labour Department reported that initial jobless claims rose 2K to 234K in the week ended August 19, missing analysts' expectations for a rise to 237K.

Thu, 24 Aug 2017 15:02:52 GMT

British GDP growth confirmed at 0.3% in Q2

The Office for National Statistics reported that its second estimate for the UK economic growth in the June quarter came in at 0.3%, in line with forecasts and the previous report.

Thu, 24 Aug 2017 13:52:36 GMT

Macron promises a solution to Eastern Europe

The President of France Emmanuel Macron during his visit to Eastern Europe on Thursday promised to find a compromise in EU employment legislation regarding low pay workers from the east.

Thu, 24 Aug 2017 13:51:49 GMT

Explosion injures two in Kiev

Amidst the visit of the US Defense Secretary, an explosion in Kiev near the government headquarters has left two people injured. Witnesses claim the explosive was dropped off from a car.

Thu, 24 Aug 2017 12:52:06 GMT

Mattis promises support to Ukraine

Jim Mattis, the US Defense Secretary, on his visit to Ukraine on Thursday promised that Washington will support Ukraine and put pressure on Russia.

Thu, 24 Aug 2017 12:51:24 GMT

Markets calm down on Thursday

The US Dollar and United States stock index futures traded almost flat on Thursday. As reason for that, most named the upcoming annual gathering of central bankers in Jackson Hole.

Thu, 24 Aug 2017 11:33:40 GMT

Finnish people want stricter immigration laws

A recent survey has found that most Finns want the government to increase the strictness of the countries immigration laws.

Thu, 24 Aug 2017 11:33:08 GMT

Daesh asks for withdrawal

The Islamic State fighters near the Syrian and Lebanese border have asked the Syrian government and its allies for a withdrawal from the region.

Thu, 24 Aug 2017 11:17:53 GMT

Audi board plans to meet on Monday

According to a source familiar with the matter, Audi's supervisory board will gather on Monday to replace at least four of its senior executives.

Thu, 24 Aug 2017 11:13:03 GMT

Cook's Condor wants Air Berlin planes

According to a source familiar with the matter, Thomas Cook's Condor Airlines plans to make an offer for the bankrupt Air Berlin to acquire part of its planes.

Thu, 24 Aug 2017 10:16:48 GMT

Xi promises to discuss differences with South Korea

According to the Xinhua news agency, the Chinese President Xi Jinping promised to work closely with the South Korean President Moon Jae-in to address important differences between the two countries.

Thu, 24 Aug 2017 10:05:01 GMT

Oil steady after US inventories data release

On Thursday, crude oil prices steadied and settled down at $52.52 a barrel, as a storm headed into Gulf of Mexico.

Thu, 24 Aug 2017 09:14:48 GMT

Qatar banks look for European and Asian funding

According to sources familiar with the matter, a number of prominent Qatari banks were forced to turn to European and Asian investors after Arab states pulled capital from their accounts, following a diplomatic crisis.

Thu, 24 Aug 2017 09:14:39 GMT

Ford appoints Jason Luo to manage China business

Ford appointed the head of Key Safety Systems Jason Luo as a head of its business in China.

Thu, 24 Aug 2017 08:04:55 GMT

China and Saudi Arabia plan to create joint investment fund

According to the Saudi Energy Minister Khalid al-Falih, China and Saudi Arabia plan to create and jointly manage a $20B investment fund on a 50/50 basis.

Thu, 24 Aug 2017 08:04:48 GMT

Death toll from Macau typhoon rises to nine

Not less than nine people had died after a severe typhoon hit Macau and left many residents without water and electricity.

Thu, 24 Aug 2017 06:52:33 GMT

Audi to revise management board on Monday

Audi controlling panel scheduled a meeting on Monday to decide on management reshuffle, which would cause four of seven executives' replacements.

Thu, 24 Aug 2017 06:52:25 GMT

Fintech startup AutoFi raises additional $10M funding

Financial technology startup AutoFi announced the raise of $10M in series A round, which brought the total value of equity funding to $17M.

Thu, 24 Aug 2017 06:06:06 GMT

McDonald's promises to cut antibiotics use in chicken supply in 2018

Fast food chain McDonald's announced its pledge to diminish the antibiotics use in the company's chicken supply in the next year.

Thu, 24 Aug 2017 06:04:38 GMT

Guess reports higher-than-expected profit

Clothing retailer Guess reported that its net income rose to $15.2M in the Q2, almost twice as much as expected, and shares jumped nearly 14% in late trading after the announcement.

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