News

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Wed, 10 Jan 2018 05:53:57 GMT

Asian shares retreat from previous high

On Wednesday Asian shares retreated from 2007 high levels. Some sources cite that profit taking might have been the cause of the retreat.

Wed, 10 Jan 2018 05:53:27 GMT

Oil prices hit a new record

On Wednesday oil prices hit the high level of 2014 due to production cuts done by OPEC and increasing demand.

Wed, 10 Jan 2018 05:33:43 GMT

Yen gains ground

The Japanese Yen increased in worth on Wednesday due to talks of Bank of Japan's planned trim to Japanese bonds.

Wed, 10 Jan 2018 05:33:11 GMT

Hyundai considers new production plant

Hyundai Motor executives are considering opening a car production plant in Southeast Asia. Indonesia and Vietnam are considered as possible locations.

Wed, 10 Jan 2018 04:33:28 GMT

Lenovo to make one-oof charge of $400M on US tax reform

Lenovo Group stated that it anticipated to make a $400M one-off charge for the nine month period to December amid the US deferred tax assets reassessment.

Wed, 10 Jan 2018 04:33:05 GMT

Australia's job vacansies at record high in three months to November

Australian job vacancies increased to the strongest level in the three months period ended in November, showing the sixth strong quarter that indicates lingering growth in hiring.

Wed, 10 Jan 2018 03:05:13 GMT

Chinese producer prices rise 4.9% last month

Official data released on Wednesday showed that Chinese producer prices rose 4.9% on an annual basis in December, after increasing 5.8% in the preceding month.

Wed, 10 Jan 2018 03:04:17 GMT

Chinese consumer inflation slows in December

The National Bureau of Statistics of China reported on Wednesday that its CPI came in at 1.8% year-over-year in December, following the prior month's 1.7%.

Tue, 09 Jan 2018 20:59:04 GMT

New Polish PM sacks top ministers

The Prime Minister Mateusz Morawiecki sacked several senior ministers on Tuesday in an apparent move to heal relations with the European Union.

Tue, 09 Jan 2018 20:58:14 GMT

US welcomes Korea talks

Washington welcomes talks between North and South Korea held on Tuesday, a spokesman for the U.S. State Department Steve Goldstein says.

Tue, 09 Jan 2018 20:25:12 GMT

Venezuela: "petro" cryptocurrency is illegal

Venezuela's opposition-led parliament on Tuesday rejected a "petro" cryptocurrency backed by the socialist President Nicolas Maduro.

Tue, 09 Jan 2018 20:24:28 GMT

Kodak stock skyrockets on cryptocurrency announcement

Stock of Eastman Kodak Co more than doubled on Tuesday after the company announced a cryptocurrency called "KODAKCoin" for photographers.

Tue, 09 Jan 2018 19:01:05 GMT

Toyota expands Takata airbag recall

Toyota said on Tuesday that it would recall more than 600K additional vehicles in the US for defective airbag inflators made by Takata.

Tue, 09 Jan 2018 19:00:03 GMT

Ford to partner with Postmates to test self-driving vehicles

Ford Motors reported on Tuesday that it would partner with Postmates, an on-demand delivery service company, to test its self-driving technology.

Tue, 09 Jan 2018 18:12:53 GMT

Ivanka Trump faces backlash after applauding Oprah

Ivanka Trump has faced a wave of public criticism after she praised Oprah Winfrey's speech at the Golden Globe Awards on her Twitter account.

Tue, 09 Jan 2018 18:03:17 GMT

Trump says he could beat Oprah Winfrey in presidential race

The US President Donald Trump stated on Tuesday that he could beat Oprah Winfrey, a self-made billionaire media proprietor, in a presidential race.

Tue, 09 Jan 2018 17:14:42 GMT

Boeing delivers 763 jetliners in 2017

Boeing reported on Tuesday that the company delivered 763 jetliners over the past year, as well as won 912 net orders worth $134.8B.

Tue, 09 Jan 2018 17:02:46 GMT

Wall Street opens in green amid healthcare, bank gains

The Wall Street rallied to fresh highs at the opening bell on Tuesday, as strong earnings expectations boosted healthcare and bank stocks.

Tue, 09 Jan 2018 16:23:41 GMT

Canadian housing starts drop last month

The CMHC reported on Tuesday that the seasonally adjusted annual rate of housing starts dropped to 217K units in December from the prior month's 252K.

Tue, 09 Jan 2018 16:22:34 GMT

US job openings fall in November

The Bureau of Labor Statistics reported that job openings fell to 5.88M in November, down from the prior month's 5.93M, whereas analysts expected an increase to 6.05M.

Tue, 09 Jan 2018 16:21:41 GMT

Us job openings fall in November

The Bureau of Labor Statistics reported that job openings fell to 5.88M in November, down from the prior month's 5.93M, whereas analysts expected an increase to 6.05M.

Tue, 09 Jan 2018 16:18:08 GMT

Canadian housing starts drop last month

The CMHC reported on Tuesday that the seasonally adjusted annual rate of housing starts dropped to 217K units in December from the prior month's 252K. 

Tue, 09 Jan 2018 15:34:15 GMT

Severe cyclone hits Madagascar, killing 29

No less than 29 people were killed and thousands displaced after a severe cyclone hit Madagascar on weekend, the authorities reported on Monday.

Tue, 09 Jan 2018 15:30:52 GMT

Slovakia condemns Austria over children benefits abroad

On Tuesday, Slovakia stated that Austria's plan to reduce benefit payments meant for children living abroad was discriminatory.

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