News

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Mon, 08 Jan 2018 21:13:13 GMT

Atlanta Fed expresses doubts over three rate hikes in 2018

On Monday, the Atlanta Fed President Raphael Bostic said that two rate hikes would be enough in 2018, pointing to weak inflationary pressures.

Mon, 08 Jan 2018 21:10:42 GMT

Top UN official to visit Syria

Official sources reported on Monday that the Head of the UN Mark Lowcock would pay a three-day visit to Syria starting Tuesday.

Mon, 08 Jan 2018 20:22:08 GMT

Venezuela's 2017 annual inflation reaches 2,616%

On Monday, Venezuela's opposition-controlled National Assembly reported that consumer prices surged 2,616% over the last year.

Mon, 08 Jan 2018 20:21:04 GMT

Americans borrow more in November

The Federal Reserve reported on Monday that total consumer credit rose $28B to $3.83T in November, following the prior month's gain of $20.5B.

Mon, 08 Jan 2018 18:54:12 GMT

Mexican vehicle exports grow almost 17% in December

The Mexican vehicle industry group stated that the country's auto exports increased 16.7% in December, while production grew 1.5% in the same period.

Mon, 08 Jan 2018 18:19:44 GMT

Pence to visit Israel, Jordan, Egypt in January

Mike Pence, the US Vice President, is expected to visit Israel, Jordan, Egypt from January 20 to 23 to discuss ways of cooperation in the fight against terrorism, the White House stated.

Mon, 08 Jan 2018 17:50:52 GMT

Airbus suggests China role of A380 producer

Airbus offered China to be a producer of its A380 jet for the first time, aiming to ensure a new order for the weak-selling model, a source familiar with the matter said.

Mon, 08 Jan 2018 17:49:51 GMT

EU Juncker sees next EU budget larger despite Brexit

The EU next budget has to be bigger than the actual 1% of the bloc's GDP, despite the absence of the main net contributor Britain, the EC head Jean-Claude Juncker stated.

Mon, 08 Jan 2018 16:54:27 GMT

GoPro diminishes sales expectations, to cut more than 250 positions

GoPro stated that the company anticipated the Q4 revenue to drop below the prior forecast, adding that it would cut more than 250 positions and quit drone business.

Mon, 08 Jan 2018 16:54:02 GMT

London sees Brexit job losses not so scary

The UK banking, asset management and insurance job losses to the EU because of Brexit are unlikely to be as serious as feared, the financial district of London stated.

Mon, 08 Jan 2018 15:49:17 GMT

Britain's house prices decrease in December

The UK house prices dropped unexpectedly 0.6% in December, the first decrease in six months, following a 0.3% gain in the prior month, Halifax stated.

Mon, 08 Jan 2018 15:48:50 GMT

EZ confidence reaches multi-year high in December

The Euro zone's economic sentiment rose more than anticipated in December, while the business climate measure reached new highs in the same month, official data showed.

Mon, 08 Jan 2018 15:15:36 GMT

Turkish nationalist opposition to support Erdogan in election

On Monday, the Turkish nationalist opposition stated that it would support the President Tayyip Erdogan in the Presidential election in 2019.

Mon, 08 Jan 2018 15:02:42 GMT

Number of asylum requests in France hits record

France has registered a record-high number of the asylum seeker requests in 2017, after Albanians had surpassed the list despite a low probability of obtaining the status of a refugee.

Mon, 08 Jan 2018 14:30:35 GMT

PM May names new Conservatives' chairman

On Monday, the British Prime Minister Theresa May appointed the immigration minister Brandon Lewis as the Conservative Party's new chairman at the beginning of a reshuffle.

Mon, 08 Jan 2018 13:34:22 GMT

UK's Johnson: Jerusalem to become shared capital

The British Foreign Minister Boris Johnson stated on Monday that Jerusalem should become the shared capital of Palestinian and Israeli states.

Mon, 08 Jan 2018 13:31:54 GMT

Lululemon's Q4 holiday season sales top estimates

On Monday, Lululemon Athletica stated that the holiday season sales were better than expected, raising revenue and profit estimates for the Q4.

Mon, 08 Jan 2018 12:34:08 GMT

Pope urges all nations for dialogue over North Korea

On Monday, Pope Francis urged all nations to back the dialogue over easing tensions on North Korea and working towards legally binding bar on nuclear missile.

Mon, 08 Jan 2018 12:16:50 GMT

Britain's Northern Ireland minister quits on health grounds

On Monday, the British Northern Ireland Secretary James Brokenshire resigned due to some health issues, ahead of the scheduled Cabinet reshuffle by the Prime Minister Theresa May.

Mon, 08 Jan 2018 11:00:59 GMT

European stocks reach two-year high on Monday

European shares climbed to their two-year highs on Monday, driven by increased investor confidence in solid global economic growth and a boost in auto stocks.

Mon, 08 Jan 2018 11:00:42 GMT

Reuters: CDU, SPD reach agreement on tax relief

According to Reuters, Merkel's Christian Democrats and the centre-left SPD have agreed to introduce a tax relief for high-income earners, thus being able to advance with coalition talks.

Mon, 08 Jan 2018 10:04:41 GMT

SPD wants to ease taxes for high earners

According to source familiar with the matter, the Social Democrats (SPD) together with German conservatives want to increase the plank for a maximum tax rate for people with high earnings to a yearly income of €60K.

Mon, 08 Jan 2018 10:04:31 GMT

Macron believes "silk road" cannot be one-way

During the first official visit to China the French President Emmanuel Macron said that the European Union and China must jointly work on the "Belt and Road" project, which could not be one-sided.

Mon, 08 Jan 2018 09:03:41 GMT

South Korea expects fast trade talks with US

The South Korean Trade Ministry said on Monday it expects fast revision of a bilateral trade agreement with the United States, but notes that "an uphill battle" is still ahead because of growing protectionism.

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