News

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Sat, 03 Mar 2018 03:29:41 GMT

ArcelorMittal remains by $1B Mexico investment

The world's biggest steelmaker ArcelorMittal stated that it stood by plans to invest $1B to build a new manufacturing line in Mexico, despite trade uncertainties.

Fri, 02 Mar 2018 21:17:39 GMT

Wisconsin Governor calls on Trump to reconsider import tariffs

The Wisconsin Republican Governor Scott Walker called on the US President Donald Trump to reconsider his tariffs on imported steel and aluminium.

Fri, 02 Mar 2018 21:16:38 GMT

EU considers imposing tariffs on US imports to ‘rebalance' trade

Sources close to the matter reported that the EU was considering imposing tariffs on $3.5B worth of US goods to "rebalance" trade with the United States.

Fri, 02 Mar 2018 21:15:38 GMT

Wisconsin Governor calls on Trump to reconsider import tariffs

The Wisconsin Republican Governor Scott Walker called on the US President Donald Trump to reconsider his tariffs on imported steel and aluminium.

Fri, 02 Mar 2018 20:04:29 GMT

Mark Carney says cryptocurrency technology has potential

The BoE Governor Mark Carney stated on Friday that cryptocurrencies failed as a form of money but the underlying technology might improve the financial system.

Fri, 02 Mar 2018 20:02:36 GMT

ECB stops supervision of VTB Bank's Austrian branch

The ECB reported on Friday that it stopped supervising the Austrian branch of VTB Bank, a state-controlled Russian bank.

Fri, 02 Mar 2018 19:32:52 GMT

US real wage growth remains subdued

The Economic Policy Institute, a non-profit American think tank, reported that median real wages grew just 0.2% over the last year.

Fri, 02 Mar 2018 19:05:51 GMT

IMF sees damage from US tariffs on steel and aluminium

The IMF reported on Friday that the recently imposed US tariffs on steel and aluminium would likely hurt economies badly.

Fri, 02 Mar 2018 18:04:07 GMT

J.C. Penney Co shares drop 10% amid negative outlook on profit

J.C. Penney Co reported on Friday that its full-year profit would likely miss original estimates, sending its shares down 10%.

Fri, 02 Mar 2018 18:03:20 GMT

IHeart Media can file for bankruptcy as soon as this weekend

Sources close to the matter reported that IHeart Media, the US largest radio broadcaster, could file for bankruptcy as soon as this weekend.

Fri, 02 Mar 2018 17:19:09 GMT

Trump says trade wars are ‘easy to win'

On Friday, the US President Donald Trump stated that trade wars were "good, and easy to win", following the introduction of tariffs on steel and aluminium.

Fri, 02 Mar 2018 17:18:15 GMT

US banks bet on London as their European hub

Data released on Friday showed that top US banks planned to hire more people in London than in any other European city despite the country's withdrawal from the EU.

Fri, 02 Mar 2018 16:10:25 GMT

Canadian economy expands in line with forecasts in December

Statistics Canada reported on Friday that the country's economy grew 0.1% month-on-month in December, following the prior month's expansion of 0.4% and meeting analysts' expectations.

Fri, 02 Mar 2018 16:09:38 GMT

Mood among American shoppers cools less than expected last month

The University of Michigan reported that its Consumer Sentiment Index fell to 99.7 in February from the prior month's 99.9, while analysts anticipated a decrease to 99.4.

Fri, 02 Mar 2018 15:34:28 GMT

Xerox rejects Deason's plans on board nomination

Xerox stated on Friday that its activist investor Darwin Deason did not have rights to name directors to the board outside the nomination window, after he had tried to nominate a full list of directors.

Fri, 02 Mar 2018 15:20:19 GMT

US steel tariffs may hit Russia, but less than China, EU

According to Russia's Deputy PM Arkady Dvorkovich, the US tariffs imposed on aluminium and steel imports might hit Russia; however, the damage would be less compared to the EU or China.

Fri, 02 Mar 2018 14:34:14 GMT

Britain nears agreement on Brexit implementation period terms

On Friday, the British Prime Minister Theresa May stated that the country was close to the agreement with Brussels on the implementation period terms that would smooth its withdrawal from the bloc.

Fri, 02 Mar 2018 14:29:05 GMT

UNICEF: aid convoy for 180K Syrians likely to go on Sunday

According to the UNICEF agency, the aid convoy for 180K Syrian people could go to Douma, in the eastern Ghouta's besieged enclave, already this Sunday.

Fri, 02 Mar 2018 12:53:54 GMT

EU warns of backlash to US aluminium, steel tariffs

The European Union has warned the United States on Friday of a possible retaliation, in case the President Donald Trump's severe tariffs on imported aluminium and steel apply to Europe.

Fri, 02 Mar 2018 12:53:45 GMT

JD.com shares plunge on lower profits

Shares in the Chinese second-biggest e-commerce company JD.com tumbled 7% on Friday after the firm posted a lower-than-expected Q4 profits.

Fri, 02 Mar 2018 12:17:17 GMT

Angry Birds' head of games Taht leaves office

On Friday, the "Angry Birds" maker Rovio stated the head of games Wilhelm Taht was set to leave, after the Finnish firm had announced a profit warning, sending its shares down 50%.

Fri, 02 Mar 2018 12:08:04 GMT

SAIC, Infineon set up JV over e-vehicle power modules

China's automaker SAIC Motor and Germany's chipmaker Infineon Tech will form a joint venture to produce power modules for the electric car market in China.

Fri, 02 Mar 2018 11:10:28 GMT

UK construction PMI beats estimates

According to the data released by Markit on Friday, the UK's construction PMI for February stood at 51.4, beating analysts' expectations for a 50.5-point reading.

Fri, 02 Mar 2018 11:10:08 GMT

German retail sales drop 0.7% in January

Data released by Destatis revealed that Germany's retail sales slid 0.7% in January, following an upwardly-revised drop of 1.1% registered in the preceding month and missing economists' expectations for a 0.8% uptick.

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