News

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Tue, 10 Apr 2018 01:55:48 GMT

Australia business mood deteriorates in March

Data released on Tuesday showed that National Australia Bank's gauge of business sentiment dropped to 7 last month from February's 9.

Tue, 10 Apr 2018 01:54:00 GMT

New Zealand business sentiment remains negative in Q1 2018

The NZIER reported on Tuesday that its Business Confidence Index came in at -11 in the March quarter, following the preceding quarter's reading of -12.

Mon, 09 Apr 2018 19:56:38 GMT

Reuters: CFPB wants record fine against Wells Fargo

The US Consumer Financial Protection Bureau was seeking a multimillion-dollar fine against Wells Fargo & Co for mortgage and insurance abuses, Reuters reported on Monday.

Mon, 09 Apr 2018 19:56:16 GMT

WSJ: Bayer wins watchdog's approval for $62.5B acquisition bid

According to the Wall Street Journal, the US Department of Justice had granted an approval for Bayer AG's bid to acquire the US seeds company Monsanto Co for $62.5B.

Mon, 09 Apr 2018 19:00:42 GMT

Zuckerberg says Facebook needed more action to prevent data misuse

The CEO of Facebook Inc Mark Zuckerberg told Congress this Monday that the company was required to do more to enhance data safety and prevent the misuse of information.

Mon, 09 Apr 2018 18:59:04 GMT

OCC to review charter for fintech companies in next three months

According to the US Comptroller of the Currency Joseph Otting, the OCC would publish its stance towards a newly proposed charter for fintech companies within the next three months.

Mon, 09 Apr 2018 18:26:45 GMT

Constancio: ECB to be cautious not to jeopardize inflation rebound

Vitor Constancio, the outgoing Vice President of the ECB, stated that the Central Bank should avoid quick tightening of the ultra-loose monetary policy to avoid disrupting a rebound in the EZ inflation.

Mon, 09 Apr 2018 17:34:11 GMT

UBS halts access to data for external providers

UBS suspended feeds of research data to third-party platforms, including Bloomberg, which were unable to ensure that the data is available only to the clients of the Bank.

Mon, 09 Apr 2018 17:17:05 GMT

No NAFTA deal anytime soon, 80% chance for beginning of May

The Economy Minister of Mexico stated that he viewed an 80% possibility for a new NAFTA agreement in early May, adding that current conditions were inappropriate to reach the deal this week.

Mon, 09 Apr 2018 17:16:39 GMT

NY Fed: US inflation forecasts remain flat

The New York Fed survey showed that inflation expectations for the US were still relatively flat in the month of March, keeping the gains of the latest periods.

Mon, 09 Apr 2018 16:30:27 GMT

Saudi Aramco sings agreements with France's companies worth $10B

Saudi Aramco is set to sign eight agreements with France's companies with the total worth of $10B, the CEO of the national oil major told the local media.

Mon, 09 Apr 2018 16:29:34 GMT

Rakuten receives approval for mobile services

Rakuten stated that it got an approval by the government for wireless operations, as Japan's e-commerce firm expands its operations into the market.

Mon, 09 Apr 2018 15:32:10 GMT

Samsung C&T considers raising $2.8B to buy shares of biopharma affiliate

Samsung C&T, de facto holding firm of Samsung Group, was mulling raising of nearly $2.8B to buy a stake of 30% in Samsung Bioepis.

Mon, 09 Apr 2018 15:31:04 GMT

Uber decides to purchase JUMP bikes

Ride-hailing business Uber announced that it agreed to buy JUMP Bikes, the electric cycle-sharing service, in a bid to provide an alternative to cars.

Mon, 09 Apr 2018 15:03:43 GMT

Deutsche Bank new CEO challenges are revealed

The new CEO of Deutsche Bank Christian Sewing has been revealed to be battling with coming up a new strategy for the bank, which has experienced three years of losses.

Mon, 09 Apr 2018 13:13:28 GMT

SandRidge is set to evaluate buyout offers

SandRidge Energy Corporation is preparing to evaluate various buyout offers. Among the offers is one from the top shareholder Carl Icahn.

Mon, 09 Apr 2018 13:00:49 GMT

Oil prices rise on Monday

On Monday oil prices continued to rise, as they were recovering from the Friday's decline. Some media accredited the recent moves to a US-China trade war scare.

Mon, 09 Apr 2018 13:00:40 GMT

Buhari wants to run in elections

The President of Nigeria Muhammadu Buhari has announced that he will run for re-election in the 2019 election.

Mon, 09 Apr 2018 11:50:31 GMT

Kuroda comments on monetary policy

The Governor of the Bank of Japan on Monday announced that the central bank will eventually have to normalize its ultra-easy monetary policy.

Mon, 09 Apr 2018 11:50:20 GMT

Hilton gets second offer

Hilton Worldwide Holding's stock is being bought heavily by China's HNA Tourism Group, which wants to acquire additional 63 million shares.

Mon, 09 Apr 2018 11:34:45 GMT

North Korea's Foreign Minister visit Moscow

According to the TASS new outlet's report, the Foreign Minister for North Korea Ri Yong Ho has already arrived in Moscow this Monday for a scheduled visit.

Mon, 09 Apr 2018 10:37:41 GMT

Iran: Trump to regret pulling out of nuclear deal

On Monday, the Iranian President Hassan Rouhani stated that the US leader Donald Trump would regret dropping out of Iran's nuclear accord and vowing that Tehran would respond tougher than he might think.

Mon, 09 Apr 2018 10:33:36 GMT

Tesla to call off around 9K cars in China this summer

According to the Chinese quality watchdog, Tesla is planning to recall 8,898 Model S cars in China from June 28 to replace bolts in the vehicles' power steering component.

Mon, 09 Apr 2018 09:38:12 GMT

Alibaba's funding brings SenseTime's value to $4.5B

China's facial recognition tech developer SenseTime signed a $600M funding round with Alibaba Group, bringing the company's value to about $4.5B.

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