News

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Thu, 20 Jul 2017 15:54:51 GMT

CB Leading Economic Index for US rises 0.6% in June

The Conference Board reported on Thursday that its Leading Economic Index for the United States rose 0.6% in June, following the preceding month's gain of 0.2% and surpassing expectations for a 0.4% increase.

Thu, 20 Jul 2017 15:54:16 GMT

Euro hits 14-month high on Draghi's comments

The ECB President Mario Draghi reported on Thursday that policymakers would discuss the future of the QE programme at one of the Bank's upcoming meetings, pushing the Euro to its 14-month high.

Thu, 20 Jul 2017 14:52:12 GMT

Manufacturing activity in US mid-Atlantic region drops in July

The Federal Reserve Bank of Philadelphia reported on Thursday that its PMI for the US manufacturing sector fell to 19.5 in July from the prior month's 27.6 points, while analysts anticipated a slighter decrease to 23.4.

Thu, 20 Jul 2017 14:51:33 GMT

Initial jobless claims fall more than expected last week

The number of Americans filing for unemployment aid dropped 15K to 233K in the week ended July 14, whereas analysts anticipated a decrease of 3K to 245K.

Thu, 20 Jul 2017 14:25:42 GMT

Tusk seeks to discuss political crisis with Polish President

On Thursday, the EU Council President Donald Tusk stated that he sought to discuss Poland's political crisis with the country's President Andrzej Duda on the back of Warsaw's decision to go against Europe's values.

Thu, 20 Jul 2017 13:15:29 GMT

Citigroup needs to create 150 jobs in EU because of Brexit

Jim Cowles, the chief of the Citigroup's European division, said that the bank might need to open a subsidiary in Germany's Frankfurt because of the UK's decision to leave the European Union. 

Thu, 20 Jul 2017 13:15:01 GMT

Corker supports gradual repeal of the Obamacare

Bob Corker, the Republican US Senator from Tennessee, said on Thursday he supported replacement of the Affordable Care Act, provided that it has "a reasonable transition period".

Thu, 20 Jul 2017 12:11:27 GMT

US and Russia discuss cyber security issues

The US and Russia carry on negotiations to create a joint cyber security unit, the RIA news agency announced on Thursday, quoting Russia's special emissary Andrey Krutskikh.

Thu, 20 Jul 2017 12:10:55 GMT

Turkey refuses to listen to German threats

Ibrahim Kalin, the spokesman of the Turkish President Tayyip Erdogan, said on Thursday that Turkey cannot accept German position, as it escalates tensions between two NATO members.

Thu, 20 Jul 2017 11:11:34 GMT

Carmakers to face more liabilities amid new Takata airbag recall

Automakers could face new liabilities as Takata expanded the recall of its defective airbags after the company had failed a safety test given by the US regulators in 2015.

Thu, 20 Jul 2017 11:11:22 GMT

Germany cautions its citizens against travelling to Turkey

On Thursday, Germany's Foreign Minister called its citizens to exercise extreme caution in travelling to Turkey for business or private reasons amid German people detentions and Ankara's violation of international laws.

Thu, 20 Jul 2017 10:03:17 GMT

Lenovo PC business to resume to positive growth in current year

The Lenovo CEO Yang Yuanqing stated on Thursday that the company's PC business was set to return to a positive growth in the 2017/18 fiscal year.

Thu, 20 Jul 2017 09:52:29 GMT

UK retail trade rebounds in June

The Office for National Statistics reported that British retail sales rose 0.6% in June from the preceding month's downwardly revised reading of -1.1%.

Thu, 20 Jul 2017 09:32:21 GMT

Fox says EU-UK trade accord should be easy to reach

According to the UK Trade Minister Liam Fox, the Britain-EU trade deal should be easy to reach amid the UK and bloc's similarity in regulatory measures and no tariffs.

Thu, 20 Jul 2017 09:21:33 GMT

Volvo Cars seeks tech-sharing venture with China's Geely

Swedish Volvo Cars is planning a technology-sharing joint venture with the Chinese firm Geely Holdings, following the company's intention to unlock the major benefits across its portfolio.

Thu, 20 Jul 2017 08:31:46 GMT

Philippines detains 43 foreigners over Singapore woman kidnapping

The Philippine police stated on Thursday that they had arrested 43 foreigners for a Singaporean woman kidnapping at Manila's casino resort on July 17.

Thu, 20 Jul 2017 08:23:27 GMT

Iraqi forces retakes Mosul's village from Islamic militants

On Thursday, the Iraqi forces managed to regain control over the Imam Gharbi village, located South of Mosul, from the Islamic State's militants who had seised its after their defeat in the city.

Thu, 20 Jul 2017 07:34:29 GMT

China and US fail to find solution to trade issues

On Wednesday, China and the United States did not managed to find a solution to reduce the US trade deficit with China that started to cast doubts over Donald Trump's security and economic relations with Beijing.

Thu, 20 Jul 2017 06:51:08 GMT

French Ingenico to close $1.7B acquisition deal with rival Bambora

The Paris-based payments company Ingenico is planning to acquire its Swedish rival Bambora in a deal worth $1.7B amid French firm's intention to lift its earnings.

Thu, 20 Jul 2017 06:34:39 GMT

Turkey finds Germany's comments on activists arrest unacceptable

Turkey's Foreign Ministry stated on Thursday that Germany's comments regarding the Turkish arrest of the six human rights activists were completely unacceptable.

Thu, 20 Jul 2017 04:58:51 GMT

Australia's unemployment rate steady at 5.6% in June

The Australian Bureau of Statistics reported that the country's unemployment rate was unchanged at 5.6% in June, following the preceding month's upwardly revised 5.6% reading.

Thu, 20 Jul 2017 04:58:26 GMT

Laptop ban on US-Saudi Arabia flights ended

A ban on large electronics, including laptops, in cabins on direct flights to the US from Saudis was lifted from the country's certain airports previously affected by restrictions.

Thu, 20 Jul 2017 03:55:17 GMT

Britain and Germany to remain close after Brexit

The UK and Germany would remain close after Brexit, Prince Williams revealed during a pre-Brexit charm tour, showing that Britain aims to keep good relationship with the EU members.

Thu, 20 Jul 2017 03:55:08 GMT

UK and US to start exploring post-Brexit trade

UK and US officials are expected to meet in Washington to explore a new free trade agreement between the countries after Britain leaves the EU, a US official stated.

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