News

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Thu, 01 Feb 2018 06:28:15 GMT

Tencent group to provide $1.6M to Heilan

Tencent Holdings was leading an agreement to invest $1.6M in China's menswear company Heilan Home, raising a retail rivalry with Alibaba.

Thu, 01 Feb 2018 05:28:54 GMT

Facebook projects higher ad sales despite weakening usage

Facebook suggested reassurances to investors that the company's ad business is set to remain profitable, despite a decrease in usage.

Thu, 01 Feb 2018 05:28:09 GMT

Fujifilm to head up Xerox in $6.1B deal

Japan's company Fujifilm is expected to take over Xerox in a $6.1B worth deal, combining the company into a joint venture to cut costs and gain scale.

Thu, 01 Feb 2018 04:30:25 GMT

PayPal shares dip, as EBay signs deal with new payment partner

PayPal's shares dropped nearly 12% in after-hours trading, after the company's former partner EBay announced that it starts processing payments through Adyen, Dutch payments firm.

Thu, 01 Feb 2018 04:29:47 GMT

Lenovo posts loss in Q3 amid US tax reform

China's personal computer producer Lenovo announced a loss in the Q3, affected mainly by a $400M one-off charge resulting from the US tax reform.

Thu, 01 Feb 2018 03:10:10 GMT

Chinese manufacturing activity holds steady in January

Markit reported that its PMI for the Chinese manufacturing sector came in at 51.5 in January, unchanged from the previous month and in line with forecasts.

Thu, 01 Feb 2018 03:09:11 GMT

Chinese manufacturing activity holds steady in January

Markit reported on Friday that its PMI for the Chinese manufacturing sector came in at 51.5 in January, unchanged from the previous month and in line with forecasts.

Thu, 01 Feb 2018 03:08:10 GMT

Australian new building approvals drop 20.0% in December

The ABR reported that new building approvals fell 20.0% in December, after climbing 12.6% in the preceding month, whereas analysts anticipated a drop of 7.9%.

Wed, 31 Jan 2018 20:58:58 GMT

Putin says Russia's GDP grew 1.4% in 2017

The Russian President Vladimir Putin said on Wednesday that the country's economy expanded by 1.4% in 2017, while the preliminary estimate by the Ministry of Economy was 1.4%-1.8%.

Wed, 31 Jan 2018 20:57:18 GMT

Boeing drives shares up after raising profit forecast for 2018

Shares of the US-based Boeing Co surged by almost 5% on Wednesday after the company revised its profit forecast from $13.80 to $14.00 per share in 2018.

Wed, 31 Jan 2018 20:08:14 GMT

India to unveil 2018/2019 budget on Thursday

The Indian government is set to disclose its budget for 2018/2019 on Thursday, thus setting either limited fiscal deficit or increased spending as its economic priority.

Wed, 31 Jan 2018 20:06:34 GMT

Fed leaves rates unchanged, inflation expected to stabilise near target

The US Federal Reserve kept interest rates steady on Wednesday; inflation is expected to stabilise near the 2% target this year, thus pointing to a possible rate hike in March.

Wed, 31 Jan 2018 19:25:49 GMT

EU car sales to slow in 2018 due to Brexit risk

Growth of car sales in the European Union is anticipated to weaken to 1% over the course of 2018, as Brexit and stricter regulations on car emissions would threaten the industry.

Wed, 31 Jan 2018 19:24:54 GMT

Boeing still negotiates with Embraer over strategic deal

Boeing was still in negotiations with Embraer over the deal, where products of Brazilian planemaker could provide a boost to the long-term strategy of Boeing.

Wed, 31 Jan 2018 17:51:22 GMT

Job.com to raise up to $50M for blockchain-based platform

Online employment firm Job.com announced plans to raise up to $50M in a token sale to fund the company's new platform based on blockchain.

Wed, 31 Jan 2018 17:50:55 GMT

China's Li sees ties with UK unchanged throughout Brexit

China's Premier Li Keqiang stated that the country's relations with Britain are likely to remain unchanged over the course of Brexit.

Wed, 31 Jan 2018 17:03:22 GMT

US pending home sales up 0.5% in December 2017

According to the data released by the US National Association of Realtors, pending home sales ticked up 0.5% in December, in line with expectations.

Wed, 31 Jan 2018 17:01:34 GMT

Chicago business barometer drops to 65.7 in January

The MNI Chicago Business Barometer dipped 2.1 points to 65.7 over the course of January, topping analysts' expectations for a 64.2-point reading.

Wed, 31 Jan 2018 16:12:53 GMT

Canadian November 2017 GDP in line with projections

According to the data released by Statistics Canada, the country's real gross domestic product rose 0.4% over the course of November 2017, with growth being reported in 17 out of 20 industrial sectors.

Wed, 31 Jan 2018 16:11:29 GMT

ADP non-farm payrolls for January beat estimates

ADP reported on Wednesday that the US private sector employment was up by 234K in January, topping economists' expectations for a 185K increase.

Wed, 31 Jan 2018 15:33:19 GMT

Spotify seeks to rival Pandora, tests new app

According to TechCrunch, Spotify is testing its new app "Stations by Spotify" as the music streaming service seeks to rival Pandora Media's streaming platforms.

Wed, 31 Jan 2018 15:16:46 GMT

M&S to shut down 14 more stores in UK

Marks & Spencer is set to close 14 more UK stores as it is speeding up a programme to transform the store estate as the majority of its sales are moving online.

Wed, 31 Jan 2018 14:33:03 GMT

Daimler's employee stood off over links to emission tests

German automaker Daimler suspended one of its employees and launched an external probe into a research group that had funded experiments involving monkeys exposed to toxic diesel fumes.

Wed, 31 Jan 2018 14:16:09 GMT

Boeing seeks to increase jetliner output 6.8% in 2018

Boeing is planning to deliver up to 815 commercial aircraft this year, which is 6.8% more than 763 jetliners it has delivered in 2017.

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