News

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Thu, 21 Dec 2017 04:29:42 GMT

BoJ keeps monetary policy on hold, remains upbeat on capex, consumption

The Bank of Japan announced its decision to keep monetary policy unchanged with a more upbeat assessment of capital expenditure and consumption, as recovery gained momentum.

Thu, 21 Dec 2017 03:01:34 GMT

Apple to win with US tax overhaul

The US Republican tax bill overhaul passed by Congress is likely to allow Apple to bring back $252.3B, while the company could pay more on profits from its patients held abroad.

Thu, 21 Dec 2017 03:00:42 GMT

EU sets Brexit transition period deadline in January 2021

The European Union wans a post-Brexit transition period to end by 31st December of 2020, the European Commission's directives revealed.

Wed, 20 Dec 2017 20:53:06 GMT

Brazil allocates additional $1.5B in public spending

The Brazilian government said on Wednesday that it had allocated additional $1.5B for public spending in order to continue the country's recovery from a recession.

Wed, 20 Dec 2017 20:52:32 GMT

Power outage costs up to $50M for Delta Air Lines

Delta Air Lines suffered up to $50M in losses due to an 11-hour power outage at Hartsfield-Jackson Atlanta International Airport on Sunday, as reported by the company.

Wed, 20 Dec 2017 20:10:24 GMT

IMF's Lagarde says UK economy shows negative effects of Brexit

The Managing Director of the International Monetary Fund Christine Lagarde noted on Wednesday that the British economy was currently showing negative effects of the Brexit vote.

Wed, 20 Dec 2017 20:08:47 GMT

House passes Trump's tax bill

The US House of Representatives passed on Wednesday a $1.5T tax bill which is regarded as a major victory for the Trump administration.

Wed, 20 Dec 2017 19:11:05 GMT

JPMorgan to launch new computerised investment tool this week

JPMorgan Chase & Co is set to launch JPMorgan Digital Investing, a computerised tool for managing investments, this week in order to widen its client base.

Wed, 20 Dec 2017 19:09:01 GMT

Germany's CDU, SPD to start forming government on January 7

The German Christian Democratic Union and the Social Democrats agreed to begin forming the new government on January 7, 2018, both parties explained on Wednesday.

Wed, 20 Dec 2017 17:53:57 GMT

Uber appoints Barney Harford as COO

The ride-sharing company Uber Technologies Inc. has named Barney Harford, the former CEO of Orbitz Worldwide Inc, as its chief operating officer to be appointed on January 2, 2018.

Wed, 20 Dec 2017 17:52:07 GMT

Otting: Bitcoin does not currently pose threat to US banking system

Joseph Otting, the Comptroller of the Currency at Department of the Treasury, said that bitcoin was not a threat to the US banking system due to banks avoiding positions in it.

Wed, 20 Dec 2017 17:16:56 GMT

Polish president signs judicial overhaul bills into law

The President of Poland reported he had decided to sign two laws that would put courts under more political control even though they were part of a review that the European Union was conducting.

Wed, 20 Dec 2017 17:11:15 GMT

UN General Assembly to hold meeting on Jerusalem after US veto

The UN General Assembly plans to hold meeting for a rare emergency session to discuss the status of Jerusalem on Thursday after the US vetoed earlier.

Wed, 20 Dec 2017 16:17:02 GMT

US home sales climb 5.6% in November to 11-year high

Americans purchased homes at the fastest pace in nearly 11 years on Wednesday, as sales climbed 5.6% in November.

Wed, 20 Dec 2017 16:12:50 GMT

OAS sends delegation to Peru on crisis

The regional bloc's chief reported on Wednesday that the Organization of American States was preparing to send a mission to Peru at the request of the President in order to supervise the political situation.

Wed, 20 Dec 2017 15:01:43 GMT

Germany's cabin crew union calls Ryanair to set talks date

The German cabin crew union had urged Ryanair to set the exact date for talks, following the Irish low-cost carrier confirmation that it would recognise unions beyond the representing pilots.

Wed, 20 Dec 2017 14:57:23 GMT

Ex-Interpol head wants to testify for Argentina's Fernandez

The former chief of Interpol Ronald Noble stated on Wednesday he would like to testify for Argentina's ex-President Christina Fernandez, claiming that her government did not call to lift arrest warrants.

Wed, 20 Dec 2017 14:33:20 GMT

EU launches process against Poland over court reforms

The European Union has triggered an unprecedented process against Poland on Wednesday, seeking to suspend its voting rights in the bloc, following two year-dispute over judicial reforms.

Wed, 20 Dec 2017 13:34:10 GMT

EU seeks Brexit transition period to end in January 2021

The European Union has set deadline for the Brexit transition period, seeking to end it no later than in January 2021, the European Commission decided on Wednesday.

Wed, 20 Dec 2017 13:14:46 GMT

BlackBerry's revenue drops almost 25% in Q3

Canada's software maker BlackBerry reported a 24.9% fall in its Q3 revenue on Wednesday, still beating analysts' expectations on the back of its licensing and software sales growth.

Wed, 20 Dec 2017 11:52:02 GMT

Shanghai vetting outbound investment

Authorities in Shanghai have started vetting applications for licenses for a specific outbound investment scheme. The scheme has allowed subsidiaries of asset managers to raise funds for overseas investments.

Wed, 20 Dec 2017 11:51:11 GMT

US House votes again on tax bill

The US House of Representatives is set to make the final vote on the new US tax bill before sending it for signing to the US President Donald Trump.

Wed, 20 Dec 2017 11:06:51 GMT

IMF: Britain may lift tax revenues to plunge deficit

According to the International Monetary Fund, Britain might need to raise the tax revenues in order to bring down the budget deficit, after it had relied on keeping a strict control on public spending.

Wed, 20 Dec 2017 10:58:37 GMT

Elbit Systems's subsidiary wins $176M US contract

US subsidiary of the Israeli defence company Elbit Systems won the DynCorp International contract worth up to $176M to provide back-up services for the US Military's UC-35 and C-26 aircraft fleet.

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