News

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Mon, 18 Jun 2018 09:49:31 GMT

Financial markets decline on Monday

Stocks and oil prices declined on Monday, as the US Dollar gained value. Some media sources blamed Trump's tariffs on China. However, Dukascopy notes that there was a Federal Funds Rate increase last week that has increased demand for the USD.

Mon, 18 Jun 2018 09:20:07 GMT

ECB head Draghi to deliver speech at 17:30 GMT on Monday

On Monday, the President of the European Central Bank Mario Draghi is set to deliver his speech at the ECB Forum on the central banking at 17:30 GMT in Portugal.

Mon, 18 Jun 2018 09:16:56 GMT

Russia's InterRAO to acquire 11% of its shares

InterRAO, Russia's state energy firm, is planning to acquire 11.25% of its shares from the stakeholders Federal Grid Company and Rushydro, sources reported on Monday.

Mon, 18 Jun 2018 08:39:15 GMT

Lufthansa in contact with Norwegian Air Shuttle

On Monday, the CEO of Norwegian Air Shuttle Carsten Spohr stated his company was in talks with Norwegian Air Shuttle, which was also IAG's subject of interests, bringing Norwegian's shares up.

Mon, 18 Jun 2018 08:33:53 GMT

Virgin Money signs $2.26B deal with CYBG to create bank in UK

The middle-size bank CYBG has agreed on the $2.26B all-share deal to buy Virgin Money to create the sixth largest bank in Britain.

Mon, 18 Jun 2018 07:18:40 GMT

Japan stocks drop amid US-China trade tensions

On Monday, the Japanese stocks have plummeted on the back of the trade tension between China and the United States as they raised concerns over an impact on the global economy.

Mon, 18 Jun 2018 07:09:10 GMT

France calls on ex-Carrefour head to give up full retirement package

France's government has urged the former Carrefour CEO to give up the full retirement package, the country's spokesman stated on Sunday.

Mon, 18 Jun 2018 06:38:23 GMT

Unilever to cut ties with digital media over fake followers

Unilever is set to cut its relations with some digital media "influencers", which are buying followers, amid the consumer goods company's intention to make its advertisement more transparent.

Mon, 18 Jun 2018 06:33:03 GMT

Cargill: US-China trade dispute to lead to harsh consequences

Cargill, the global commodities trader, stated that the current trade tensions between China and the United States would lead to harsh consequences for job creation and economic growth.

Mon, 18 Jun 2018 05:13:37 GMT

Volvo targets to use 25% of recycled plastics in new cars from 2025

The Chinese-owned firm Volvo said on Monday it had set a goal of 25% recycled plastics to be used in the new Volvo vehicles starting from 2025 on the back of an anti-pollution plan.

Mon, 18 Jun 2018 05:10:10 GMT

Mellanox nears reaching deal with Starboard over BoD seats

The Israeli-US chipmaker Mellanox Technologies is moving towards a truce with Starboard Value LP, the activist investor, over the composition of the firm's director board.

Mon, 18 Jun 2018 04:38:05 GMT

Google plans $550M worth investment into China's JD.com

Google is set to invest $550M into the Chinese e-commerce giant JD.com, as the US internet titan seeks expansion in the fast-growing Asian market.

Mon, 18 Jun 2018 04:35:05 GMT

Australia's South32 offers $1.3B to take full control of Arizona Mining

Australia's South32 has made a proposal worth $1.3B to acquire the full stake of the Canadian company Arizona Mining that develops lead, manganese, zinc and silver assets.

Mon, 18 Jun 2018 03:32:22 GMT

Huawei continues offensive as exception from 5G deal looms

China's telecommunications firm Huawei Technologies went on the offensive against Australia's claims that the company poses security risks, sending an letter to the government that view was poorly informed.

Mon, 18 Jun 2018 03:31:29 GMT

Oil prices decline on expectation Saudis, Russia will raise output

Oil prices kept falling further on Monday, pulled down by expectations that producer club of OPEC, led by Saudi Arabia, and allies, including Russia, are likely to increase supplies.

Mon, 18 Jun 2018 02:34:04 GMT

Uniliver cuts ties with digital media influencers

Consumer goods major Unilever, the second-largest advertiser, was cutting its ties with influencers in digital media that buy followers, aiming to help to make advertising transparent.

Mon, 18 Jun 2018 02:30:35 GMT

Japanese exports expand in May

Japan's exports grew in May at the strangest pace in four months due to increased car parts, cars and semiconductor equipment shipments, indicating that global demand was strengthening.

Sun, 17 Jun 2018 19:55:36 GMT

Taleban claim wide support after ceasefire

Spokesmen of the Taleban branch in Afghanistan announced that the tree day cease fire has proved that the movement has support of the population.

Sun, 17 Jun 2018 19:54:45 GMT

Portugal develops new app for disabled people

Salvador Association a disability charity in Portugal has developed the first world's app for disabled people to file complaints against building owners that don't meet accessibility laws.

Sun, 17 Jun 2018 19:06:15 GMT

Crypto is mostly held for speculation

The research paper published by Bank of International Settlements on Sunday revealed that most crypto currencies are held for bubble like speculation not actual use.

Sun, 17 Jun 2018 19:06:00 GMT

BIS points out crypto flaws

The Bank of International Settlements pointed out in a published research paper that the biggest flaw of the crypto currencies is the lack of trust caused by decentralization.

Sun, 17 Jun 2018 17:53:35 GMT

Trump choses consumer watchdog

The President of the United States hose Kathy Kraninger to lead the US Consumer Financial Protection Bureau.

Sun, 17 Jun 2018 17:52:55 GMT

Czech government remains in jeopardy

On Sunday, various media concentrated on the fact that the Communist party of Czech Republic threatened to withdraw their support for the next government.

Sun, 17 Jun 2018 16:51:18 GMT

Colombian Presidential election take place

On Sunday, Colombian citizens voted in a divisive presidential election, where one candidate wanted to stop a peace deal and the second to overhaul the economy.

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