News

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Wed, 06 Jun 2018 02:34:31 GMT

Japan real wages reveal no growth in April

Inflation-adjusted real wages of Japan's workers were unchanged in April, suggesting that consumer spending is likely to lose momentum.

Wed, 06 Jun 2018 02:33:59 GMT

Australia's GDP growth beats forecasts in Q1

The Australian Bureau of Statistics stated that the country's GDP expanded 1% in the Q1, above expectations for a 0.9% growth, following an upwardly revised 0.5% in the prior quarter.

Tue, 05 Jun 2018 19:50:03 GMT

Nasdaq hits record number

Global stocks continued to surge on Tuesday. Namely, an appreciation in tech stocks caused the Nasdaq index to hit a record high.

Tue, 05 Jun 2018 19:49:54 GMT

Trump is evaluating Chinese $70B offer

The President of the US is set to hold talks with trade advisers about the $70B trade offer made by Beijing.

Tue, 05 Jun 2018 18:54:11 GMT

US announces warning to those who deal with Iran

The government of the United States on Tuesday issued a warning to global governments and the corporate sector that it will crack down on all Iranian efforts to support terrorism.

Tue, 05 Jun 2018 18:53:08 GMT

Iraqi PM warns about violations in election

The Prime Minister of Iraq on Tuesday announced that there were violations in the parliamentary elections of the country.

Tue, 05 Jun 2018 18:18:21 GMT

UK takes $2.68B loss on sale of RBS share

Britain sold 7.7% of its stake in Royal Bank of Scotland, which was rescued by the country in the financial crisis, but took a more than $2.68B loss on the deal.

Tue, 05 Jun 2018 17:32:45 GMT

Commerzbank London HQ for sale for $570M

Samsung Life Insurance put City of London headquarters of Commerzbank AG up for sale for about $570M, sources familiar with the matter stated.

Tue, 05 Jun 2018 17:15:13 GMT

US adviser: Trump may seek individual trade deals with Mexico, Canada

Larry Kudlow, the White House economic adviser, stated that the US President Donald Trump may look forward to separate talks with Mexico and Canada, aiming to get individual deals.

Tue, 05 Jun 2018 17:11:34 GMT

ISM Non-Manufacturing PMI at 58.6 in May

The Institute for Supply Management reported that the US Non-Manufacturing PMI increased to 58.6 in May from 56.8 in the previous month.

Tue, 05 Jun 2018 16:22:10 GMT

US job openings at record high in April

The Labour Department stated that the US job openings increased to a record high of 6.7M in April, following 6.6M in the prior month.

Tue, 05 Jun 2018 16:20:26 GMT

Canada's labour productivity declines 0.3% in Q1

Statistics Canada stated that the labour productivity of the country's businesses fell in the March quarter, as business production slowed down even with an increase in hours worked.

Tue, 05 Jun 2018 15:28:26 GMT

UK services PMI at 54.0 in May

Markit report showed that the UK services PMI increased to the four-month high of 54.0 in May, indicating a strong upturn in business activity across the economy.

Tue, 05 Jun 2018 15:27:56 GMT

European retail sales up 0.1% in April

The volume of retail sales in the Euro area rose 0.1% in the month of April, missing expectations for a 0.5% rise and following upwardly revised 0.4% gain in March.

Tue, 05 Jun 2018 14:39:03 GMT

Thomson Reuters appoints co-Chief Operating Officers

On Monday, Thomson Reuters, the financial news agency, has appointed Neil Masterson and Brian Peccarelli as its joint Chief Operating Officers as part of the company's restructuring.

Tue, 05 Jun 2018 14:35:22 GMT

Newell's Rawlings Sporting Goods to be sold for $395M

Newell Brands, the consumer product maker, announced on Tuesday that it is planning to sell its brand Rawling Sporting Goods to Seidler Equity Partners in a deal valued at $395M.

Tue, 05 Jun 2018 13:06:43 GMT

Ukraine prevents cyber-attack on Kiev's NATO embassy

On Tuesday, the Ukrainian state security service has prevented a panned cyber-attack on the NATO country embassy in Kiev, the SBU announced in a statement.

Tue, 05 Jun 2018 12:59:48 GMT

Enel acquires Brazil's Eletropaulo in $1.48B deal

On Monday, Italy's Enel SpA has acquired 73% of Brazilian Eletropaulo shares in a deal valued at $1.48B that would allow Enel to become the biggest electricity distributor in Brazil.

Tue, 05 Jun 2018 12:05:25 GMT

Portugal's OutSystems raises $360M from KKR, Goldman Sachs

KKR and Goldman Sachs have invested $360M in the Portuguese low-code application service OutSystems, bringing the company's value to over $1.0B.

Tue, 05 Jun 2018 11:51:41 GMT

Kuaishou acquires rival AcFun in China online video fight

On Tuesday, the Tencent-backed online video start-up Kuaishou has acquired its rival video and animation platform AcFun, as the battle over the online visual content intensifies.

Tue, 05 Jun 2018 11:36:44 GMT

SoftBank's ARM to cede control of China operations to local JV

On Tuesday, SoftBank stated its subsidiary ARM Holdings is set to cede control of the company's Chinese operations to a local joint venture amid business expansion in the country.

Tue, 05 Jun 2018 10:39:36 GMT

Twitter to replace Monsanto by joining S&P 500

S&P Dow Jones Indices stated on Monday that Twitter Inc. was set to join the S^P 500, replacing Monsanto.

Tue, 05 Jun 2018 08:46:25 GMT

Australian government charges investment banks

Authorities in Australia have charged two of the country's investment banks with alleged cartel activity.

Tue, 05 Jun 2018 08:45:52 GMT

Sharp will issue new shares

Early on Tuesday it was announced that Sharp will buy Toshiba's PC business. Moreover, it was later on revealed that the company will also release $1.8B worth of new company shares.

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