News

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Wed, 31 May 2017 18:03:53 GMT

Euro zone inflation growth slows in May

Inflation in the Euro zone slipped more than expected to 1.4% in May, its weakest figure since December, which indicates the ECB to sustain its expansionary monetary policy.

Wed, 31 May 2017 18:02:55 GMT

US immigration crackdown to hit economic growth

US consumer spending and economic growth are set to be affected by the Trump administration's decision on illegal migrants, which are afraid to leave home and prefer to save money.

Wed, 31 May 2017 16:55:32 GMT

Russia fires four missles at ISIS targets

The Russian Defence Ministry reported that the country's submarine and its warship fired four missiles from the Mediterranean Sea at the Islamic State targets located in Syria.

Wed, 31 May 2017 16:54:13 GMT

US pending home sales drop unexpectedly in April

The National Association of Realtors reported that US pending home sales fell 1.3% last month, compared to March's drop of 0.9%, while analysts anticipated an increase of 0.7%.

Wed, 31 May 2017 15:52:22 GMT

Trump to announce decision on Paris Agreement in few days

The US President Donald Trump reported that he would announce his decision on the Paris Climate Agreement in the next few days.

Wed, 31 May 2017 15:51:27 GMT

Bank of America predicts weak Q2 earnings

The Bank of America CEO said that the bank's Q2 earnings would be hurt by lower interest rates, a decline in trading revenue and the shuttering or sales of some of its assets.

Wed, 31 May 2017 15:14:49 GMT

Chicago PMI drops more than expected in May

The ISM Chicago reported that its PMI for the Chicago area fell to 55.2 in May, following the previous month's 58.3 and topping expectations for a slight decrease to 57.0.

Wed, 31 May 2017 15:13:41 GMT

Canadian economy grows 0.5% in March

The Canadian economy expanded at a 0.5% rate month-over-month in March after holding steady in February, whereas analysts expected the economy to grow 0.3% during the reported period.

Wed, 31 May 2017 14:34:10 GMT

British PM May evades question on her resignation if she loses seats

The UK Prime Minister Theresa May evaded a reporter's question about her resignation in case she lost seats in the June 8 election.

Wed, 31 May 2017 14:27:00 GMT

Russia responds to Moldova's expulsion of its diplomats

On Wednesday, Russia expelled five Moldovan diplomats as a tit-for-tat move to Moldova's order to depart Russian diplomats from the country.

Wed, 31 May 2017 13:34:29 GMT

US to withdraw from Paris climate accord

The US President Donald Trump decided to pull the United States out of the Paris climate agreement, the news agency reported on Wednesday.

Wed, 31 May 2017 13:15:40 GMT

Serbia's ex-PM Vucic sworn in as President

On Wednesday, the Serbian Conservative politician Aleksandar Vucic was sworn in as the country's President after he stepped down from the Prime Minister's post a day before.

Wed, 31 May 2017 12:27:15 GMT

Michael Kors to shut down over 100 retail stores in two years

Michael Kors is eager to shut down over 100 retail stores in the following two years amid company's intention to turn around its business, while posting a weak full-year forecast.

Wed, 31 May 2017 12:20:13 GMT

Hackers group to reveal new NSA data leaks in July

The Shadow Brokers group announced about its intention to reveal another security codes to customers for the price of more than $22K in July, which were deemed to be stolen from the US National Security Agency.

Wed, 31 May 2017 11:28:19 GMT

Germany cancels flight planned to deport migrants

The German authorities cancelled a flight scheduled to deport migrants to Afghanistan on Wednesday on the back of the tanker blast in Kabul's city centre that left 80 people dead.

Wed, 31 May 2017 11:20:42 GMT

Serbian PM Vucic quits to assume Presidential office

On Tuesday, the Prime Minister of Serbia Aleksandar Vucic stepped down as he would take over a Presidential post the next day following his win in election last month.

Wed, 31 May 2017 10:31:02 GMT

Kabul tanker blast's death toll rises to 80

No less than 80 people are reported to be dead, while hundreds of others got wounded in a tanker blast in the Afghan capital of Kabul on Wednesday.

Wed, 31 May 2017 10:10:04 GMT

Chinese ex-statistics head gets life imprisonment

China's former chief of a statistics bureau Wang Baoan was jailed for life over corruption charges as he illegally accepted bribes worth over $22.44M.

Wed, 31 May 2017 08:58:16 GMT

French voters want two ministers gone

A poll published recently revealed that most of the French voters wish that two ministers from the newly formed Macron's government would quit. The reasons are various ethical concerns.

Wed, 31 May 2017 08:57:47 GMT

Duterte will not negotiate

Rodrigo Duterte, the President of the Philippines, announced on Wednesday that he will not negotiate with the rebels who have occupied the southern part of Marawi City.

Wed, 31 May 2017 08:05:12 GMT

Putin evaluates Macron as pragmatic

In a recent interview with the French media Le Figaro Vladimir Putin has described the new French leader as a pragmatic President, which could get to common ground with Russia.

Wed, 31 May 2017 08:03:59 GMT

OPEC cuts not working

On Wednesday a clear example could be seen, why OPEC production cuts are not going to increase the market price of oil. Libyan and US crude oil outputs were undermining the cuts taken by the cartel.

Wed, 31 May 2017 06:51:56 GMT

Toshiba to withhold audited annual results at shareholders meeting

On Wednesday, Toshiba announced that it would be unable to present its fiscal year's audited business results at the general meeting of shareholders on June 28.

Wed, 31 May 2017 06:51:44 GMT

Russia hits Islamic State targets with missiles from Mediterranean

Russia's submarine and warship fired four missiles at the Islamic State equipment and manpower from the Mediterranean close to Syria's Palmyra city, giving an advance notice to the US, Israel and Turkey.

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