News

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Thu, 15 Jun 2017 05:52:48 GMT

Bank of America starts laying off more employees

Bank of America began to lay off more workers in its technology and operations division, aiming to reduce costs to reach its financial targets.

Thu, 15 Jun 2017 05:18:19 GMT

Philippines forces capture senior Islamic State member

On Thursday, the Philippines military stated that they managed to arrest one of the Maute brothers - a senior member of the IS-backed militants in the country.

Thu, 15 Jun 2017 05:17:22 GMT

Oil suffers from high inventories

On Thursday, prices for oil dropped to their seven-month low, dragged down by high global inventories and concerns over OPEC being able to deliver on its production cut promises.

Thu, 15 Jun 2017 04:31:14 GMT

Qatar to purchase jets from US

Qatar signed a $12 billion deal to purchase F-15 fighter jets from the US, Qatar's Ministry of Defence reported on Wednesday. The deal was made in spite of President Trump recently blaming Qatar for supporting terrorism.

Thu, 15 Jun 2017 04:24:37 GMT

Turkish Foreign Minister travels to Qatar to resolve Gulf conflict

Late on Wednesday, the Turkish Foreign Minister was sent to Qatar to attempt to mend the relationship between Qatar and the surrounding Gulf Arab states. Those countries accused Qatar of supporting terrorism and imposed sanctions on the state.

Thu, 15 Jun 2017 02:54:03 GMT

US accuses North Korea for range of cyberattacks

US officials are accusing the North Korea's government for a range of cyberattacks in 2009 against financial sector, aerospace and media around the World and in the US.

Thu, 15 Jun 2017 02:53:52 GMT

Fed announces plan to start reducing bond holdings

The Federal Reserve unveiled plan to start gradually diminishing its bond holdings by the end of 2017, which is likely to cause an increase in long-term interest rates.

Thu, 15 Jun 2017 02:20:52 GMT

Unemployment rate in Australia at 5.5% in May

The Australian Bureau of Statistics reported that the country's employment rate dropped unexpectedly to 5.5% in May, below expectation for an unchanged reading of 5.7%.

Thu, 15 Jun 2017 02:18:36 GMT

New Zealand's GDP rises only 0.5% in Q1, below forecasts

New Zealand's GDP rose at a seasonally adjusted 0.5% in the Q1, following the preceding quarter's 0.4%, while analysts anticipated a 0.7% increase in the reported period.

Wed, 14 Jun 2017 19:55:52 GMT

Car bomb targets restaurant in Somalia's Mogadishu

A car bomb has detonated outside a restaurant in the Somali capital, Mogadishu, killing at least nine people and wounding several others, police reported.

Wed, 14 Jun 2017 19:55:40 GMT

Suspect dies after shooting at US Congress baseball practice

A gunman opened fire during an early morning baseball practice for Republican members of Congress on Wednesday, reportedly firing dozens of shots at a field in Alexandria, where least five were wounded.

Wed, 14 Jun 2017 19:16:59 GMT

Nokia launches world's fastest network chip for routers

Nokia on Wednesday unveiled the world's most powerful internet routing platforms that ensured modern networks would be faster, safer and dramatically more adaptable. 

Wed, 14 Jun 2017 19:16:40 GMT

Egypt parliament agrees island transfer to Saudi Arabia

The Egyptian parliament approved on Wednesday the demarcation of the maritime border with Saudi Arabia, which includes handing over two uninhabited Red Sea islands to Saudi Arabia.

Wed, 14 Jun 2017 18:22:48 GMT

Iranian forces kill 2 militants and arrest 5

Iran reported that the country's security forces killed two alleged "terrorists" in a shootout around the city of Chabahar in the southeastern Iran and arrested five others. 

Wed, 14 Jun 2017 18:22:37 GMT

Fed raises interest rates by further 0.25%

The US central bank, as widely expected, voted on Wednesday to raise interest rates for the second time in three months by another quarter point to between 1 and 1.25%.

Wed, 14 Jun 2017 16:56:58 GMT

US Tillerson reaffirms commitment to One-China policy and Taiwan

The US State Secretary Rex Tillerson reported on Wednesday that the White House was committed to the One-China policy and would sustain its commitment to Taiwan as well.

Wed, 14 Jun 2017 16:55:14 GMT

Barclays sees US economy growing 2% in Q2

On Wednesday, Barclays kept its official US GDP Q2 growth forecast unchanged at 2.0% despite the release of weak retail sales and inflation figures.

Wed, 14 Jun 2017 16:06:25 GMT

Morgan Stanley develops digital mortgage application tool

Morgan Stanley reported on Tuesday that it was developing a digital mortgage application tool to facilitate the home loan process.

Wed, 14 Jun 2017 15:53:18 GMT

US crude stockpiles fall less than expected last week

The EIA reported that US crude oil inventories dropped 1.7M barrels in the week ended June 9, following the prior week's rise of 3.3M barrels but falling behind analysts' expectations for a 2.3M-barrel decline.

Wed, 14 Jun 2017 15:13:40 GMT

US business inventories drop 0.2% in April

The Census Bureau reported that business inventories in the United States fell 0.2% in April after a similar drop in March, whereas analysts anticipated a decline of 0.1%.

Wed, 14 Jun 2017 15:09:52 GMT

CB Leading Economic Index for UK comes in at -0.3%

The Conference Board reported that its Leading Economic Index for the UK dropped 0.3% in April, following the preceding month's upwardly revised fall of 0.1%.

Wed, 14 Jun 2017 14:32:31 GMT

Trump sets up Rosenworcel as FCC commissioner candidate

Jessica Rosenworcel is likely to become the FCC commissioner for the second time as the US President Donald Trump had put her forward as a candidate on Tuesday.

Wed, 14 Jun 2017 14:09:42 GMT

US core CPI comes in at 0.1%

The Bureau of Labour Statistics reported on Wednesday that the United States' core consumer price index remained unchanged at 0.1% in May, while analysts anticipated a slight rise to 0.2%.

Wed, 14 Jun 2017 13:30:13 GMT

Qatar Airways' operations unaffected by Gulf states sanctions

On Wednesday, Qatar Airways stated that the majority of its network was unaffected by the airspace restrictions imposed by its neighbour Gulf states.

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