News

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Fri, 23 Feb 2018 02:50:48 GMT

New Zealand retails sales rise sharply in Q4 2017

Statistics New Zealand reported that retail sales rose 1.8% in the last quarter of 2017, after climbing 0.3% in the prior quarter and surpassing analysts' expectations for a 1.4% increase.

Thu, 22 Feb 2018 20:58:36 GMT

Hassett says recent market volatility is not unusual

The White House Council of Economic Advisers Head Kevin Hassett softened concerns over the recent stock market volatility, saying that it was not unsual.

Thu, 22 Feb 2018 20:57:29 GMT

White House and House of Representatives remove EAC Head

On Thursday, the Head of the Election Assistance Commission, who helped to protect the US 2016 General Election from hacking, was removed by the House of Representatives and the White House.

Thu, 22 Feb 2018 20:05:34 GMT

Snap CEO Evan Spiegel earns $638M in 2017

Official data released on Thursday showed that the Snap CEO Evan Spiegel earned nearly $638M last year, following the company's IPO and becoming the third-highest paid executive in the US.

Thu, 22 Feb 2018 20:04:30 GMT

President of Tezos Foundation Johann Gevers steps down

Two members of the Switzerland-based Tezos Foundation, including its founder and president Johann Gevers, stepped down on Thursday.

Thu, 22 Feb 2018 18:51:43 GMT

Mexico's Televisa to create original content for Amazon

On Thursday, Televisa, Mexico's multimedia mass media company, reported that it would partner with Amazon to distribute its original content through its streaming platform.

Thu, 22 Feb 2018 18:50:39 GMT

BMW to pay $2.2M to US military personnel

BMW has agreed to pay more than $2.2M to settle charges that it refused to refund lease payments to 492 military service members who terminated their vehicle leases because they were called to duty.

Thu, 22 Feb 2018 17:55:55 GMT

US stocks rebound on fading US rate hike prospects

US major stock markets rebounded strongly on Thursday as the prospects of more rate hikes this year faded.

Thu, 22 Feb 2018 17:55:13 GMT

German top court delays ruling on diesel ban

Germany's top administrative court has delayed until next week a ruling on whether to allow a ban on diesel cars in major cities to lower air pollution.

Thu, 22 Feb 2018 16:53:16 GMT

Justin Trudeau receives list of Sikh separatists in Canada

On Thursday, the Canadian Prime Minister Justin Trudeau received from the Indian government a list of nine people in Canada connected to the Sikh separatist movement in Punjab.

Thu, 22 Feb 2018 16:50:52 GMT

US crude oil inventories fall unexpectedly last week

The EIA reported on Thursday that crude oil inventories dropped 1.6M barrels in the week ended February 16, after rising 1.8M barrels in the prior week, while analysts expected a 2.2M-barrel gain.

Thu, 22 Feb 2018 16:03:42 GMT

US natural gas inventories see another withdrawal last week

The EIA reported that natural gas inventories showed a draw of 124B cubic feet in the week ended February 16, following the preceding week's decrease of 194B cubic feet.

Thu, 22 Feb 2018 16:02:14 GMT

CB Leading Index for US improves more than expected last month

The Conference Board reported on Thursday that its Leading Index for the US economy rose 1.0% in January, after climbing 0.6% in the prior month, whereas analysts anticipated an increase of 0.7%.

Thu, 22 Feb 2018 15:34:34 GMT

Russian bank Otkritie seeks more funding from central bank

The Bank of Russia was set to pledge extra capital to Oktritie Bank in additional to already provided $8B last year, Otkritie's CEO stated on Thursday.

Thu, 22 Feb 2018 14:35:03 GMT

Ford Motor's US head quits after behaviour probe

Ford Motor's President in North America Raj Nair has departed abruptly from the company, following an internal inquiry that found his behaviour was incompatible with the company's standards of conduct.

Thu, 22 Feb 2018 14:14:17 GMT

Latvia's ABLV bank asks for €480M loan to reopen for business

Latvian bank ABLV sought €480M loan from the central bank, seeking to reopen its doors after it was forced to cease all payments amid accusations of money laundering.

Thu, 22 Feb 2018 13:36:03 GMT

US jobless claims drop 8K last week

The US Department of Labour reported that unemployment claims were down 8K, reaching the 222K mark in the week ended February 17, missing analysts' expectations.

Thu, 22 Feb 2018 13:32:41 GMT

EU court orders Dutch to halt corporate tax break

On Thursday, the European Court ordered the Netherlands to end the disputed corporate tax advantages as they breach the bloc's rules.

Thu, 22 Feb 2018 12:37:45 GMT

Americans choose bank branches for opening new accounts

According to a Novantas survey, at least 60% of Americans prefer to open a new account at bank branches, instead of mobile apps, saying online-only banks appear to be "less legitimate".

Thu, 22 Feb 2018 12:37:35 GMT

Snapchat to roll out new update after users cull redesign

Snapchat promised it would launch a new update within the coming weeks to make some changes to its "Friends and Discover" app section, after users balked at its latest redesign.

Thu, 22 Feb 2018 11:14:53 GMT

New suspects searched amid Audi emissions row

On Thursday, German prosecution said it had been searching the three new suspects' homes amid the alleged links to the Audi emissions scandal.

Thu, 22 Feb 2018 10:52:29 GMT

Iran to leave nuclear deal if no economic benefit

Iran is set to withdraw from the 2015 nuclear deal in case it brings no economic benefit, while major banks keep doing business with the Islamic State.

Thu, 22 Feb 2018 10:30:28 GMT

Ukraine lawmakers seek voting on central bank governor

Ukraine's government might vote on approving the candidate for the central bank governor's role on March 1, a Speaker for the Parliament Andriy Parubiy stated on Thursday.

Thu, 22 Feb 2018 10:28:14 GMT

Net migration into UK drops in year to Sept. 2017

The number of migrants in Britain plunged 29K to 244K in the year to September 2017, compared to the year of 2016, according to official data published on Thursday.

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