News

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Thu, 01 Mar 2018 18:20:15 GMT

US Manufacturing PMI at 60.8 in January

The Institute of Supply Management stated that its Manufacturing PMI increased to 60.8 last month, following 59.1 in January.

Thu, 01 Mar 2018 16:50:20 GMT

US consumer prices pick up in January

The Commerce Department stated that the US consumer inflation measured by the PCE Price Index increased 0.4% In January, the strongest monthly gain since September 2017.

Thu, 01 Mar 2018 16:50:08 GMT

Brazil GDP growth weaker than anticipated in Q4

Brazil's GDP grew at a weaker-than-expected pace in the Q4 amid fluctuations in exports of agricultural products, the report showed on Tuesday.

Thu, 01 Mar 2018 16:04:13 GMT

EZ manufacturing slows again last month

The Euro zone's manufacturing growth weakened a little further in February, but remained strong, as most manufacturers across the bloc kept solid expansion pace.

Thu, 01 Mar 2018 16:03:15 GMT

Putin sees shrinking workforce to curb Russia's economic growth

The President of Russia Vladimir Putin stated that a shrinking labour force in the country is likely to limit its economic expansion in the following years.

Thu, 01 Mar 2018 15:32:46 GMT

AB InBev forecasts strong growth this year

The world's biggest brewer Anheuser-Busch InBev is expecting the strong 2018 growth, after a rebound in Brazil had led to the high earnings at the last year's end.

Thu, 01 Mar 2018 15:29:36 GMT

Another 2.4M Equifax consumers affected by data breach

On Thursday, Equifax reported that it had found another 2.4M of the US consumers hit by a data breach in 2017, bringing the total number to 147.9M.

Thu, 01 Mar 2018 14:33:52 GMT

Kohl's posts better-than-expected Q4 sales growth

On Thursday, Kohl's reported its same-store sales surged 6.3% in the Q4 ended January 27, slightly beating the forecasts for a 6.1% rise.

Thu, 01 Mar 2018 14:30:59 GMT

US jobless claims drop 10K last week

The US Department of Labour reported that unemployment claims were down 10K, reaching the 210K mark in the week ended February 24, following the prior month's downwardly revised 220K drop.

Thu, 01 Mar 2018 13:32:25 GMT

Finnish coalition may be dissolved if healthcare reform fails

On Thursday, Finnish PM Juha Sipila stated that he could dissolve the centre-right coalition government in case it failed with its plan on the local government and healthcare reform within the next months.

Thu, 01 Mar 2018 11:57:32 GMT

EU Council: Greece to enhance its anti-graft efforts

The European Council called on Greece to step up its efforts to bar the judges and lawmakers from corruption and improve the party financing transparency.

Thu, 01 Mar 2018 11:57:19 GMT

Euro zone jobless rate stays on hold in January

Eurostat reported on Thursday that unemployment rate in the Euro zone remained unchanged at 8.6% in January, fully meeting analysts' expectations.

Thu, 01 Mar 2018 11:00:22 GMT

Germans are not opposing French CEO for Airbus

German authorities on Thursday announced that the German government isn't against a possible French candidate for the replacement of Airbus chief in 2019.

Thu, 01 Mar 2018 10:59:48 GMT

EU clears new eyewear merger

The European Commission has approved a $58.5B merger of two eye-wear groups. Namely, Luxottica and Essilor are set to merge without any hindrance.

Thu, 01 Mar 2018 10:33:00 GMT

Russia plans to pledge $60B to support families

Russia's President Vladimir Putin stated the country would spend $60.07B to help demographic growth and families within the following six years.

Thu, 01 Mar 2018 10:26:34 GMT

Spain sets date to complete 2018 budget proposal

On Thursday, the Spanish PM Mariano Rajoy stated that the government sought to finalise the 2018 budget proposal until March 23.

Thu, 01 Mar 2018 09:33:55 GMT

Carmakers' alliance seeks accelerating collaborations in key areas

The Renault-Mitsubishi-Nissan alliance stated it was set to speed up the collaborations between the three carmakers in the key areas, as they seek to boost cost savings and profits.

Thu, 01 Mar 2018 09:31:38 GMT

Ex-Givenchy designer becomes new Burberry's CCO

The luxury clothing brand Burberry named the former Givenchy designer Riccardo Tisci as the company's new Chief Creative Officer to replace Christopher Bailey.

Thu, 01 Mar 2018 08:31:13 GMT

Exxon exits JVs with Russia's Rosneft amid sanctions

Exxon Mobile is eager to quit all the joint ventures with the Russian oil company Rosneft, citing the EU and US sanctions that were first imposed in 2014.

Thu, 01 Mar 2018 08:29:29 GMT

Walmart lifts minimum age to buy firearms, ammunition

On Wednesday, Walmart stated it had raised the minimum age for buying ammunition and firearms to 21 years, following the Florida high school massacre.

Thu, 01 Mar 2018 07:34:56 GMT

Cabinet reshuffle to trigger lift in South African economic confidence

The Monday's reshuffle of the South African Cabinet triggered by the President Cyril Ramaphosa will bring a boost to the country's economic confidence, according to a Reuters poll.

Thu, 01 Mar 2018 07:26:33 GMT

Alibaba's unit invests $150M in Indian firm Zomato

The Chinese Alibaba's unit Ant Financial Services Group had invested $150M in India's food search and delivery firm Zomato, valuing the service at over $1B, the companies reported on Thursday.

Thu, 01 Mar 2018 05:25:08 GMT

China's NHA plans significant workforce cuts

China's conglomerate NHA announced plans for significant job cuts, as the company faced liquidity concerns, following debt-fuelled acquisition, the REDD reported.

Thu, 01 Mar 2018 05:23:18 GMT

US November crude oil output reaches record high

The US crude oil output managed to hit 47-year high in November, though retreated modestly in December, the country's Energy Department stated.

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