News

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Thu, 07 Dec 2017 15:22:06 GMT

Canadian building permits surge 3.5% in October

Statistics Canada said that the country's building permits rose at a stronger-than-anticipated pace of 3.5% in October, fuelled by higher residential and commercial construction intentions.

Thu, 07 Dec 2017 14:20:44 GMT

Exxon Mobil, Shell, Chevron paid no tax to Australia in 2016

Exxon Mobil, Chevron and Shell paid no tax for operating in Australia in the financial year of 2016, despite reporting income in billions of dollars from doing business in the country.

Thu, 07 Dec 2017 14:19:56 GMT

US jobless claims fall to 236K last week

The Labour Department stated that the number of people filing for unemployment benefits fell unexpectedly 2K to reach 236K over the course of the prior week.

Thu, 07 Dec 2017 12:53:40 GMT

Markets look at tax bill

On Thursday morning the main discussed topics on the markets was the US tax bill discussion and the General Electric job cut.

Thu, 07 Dec 2017 12:53:09 GMT

Alibaba sign a deal with Ford

Alibaba and Ford have announced that they will cooperate in order to explore cooperation areas as cloud computing, retail and connectivity.

Thu, 07 Dec 2017 12:23:24 GMT

Hamas call for an uprising

Hamas are urging Palestinians to riot and create a new uprising against Israel. This comes after Donald Trump recognized Jerusalem as Israel's capital.

Thu, 07 Dec 2017 12:22:54 GMT

General Electric to cut jobs

On Thursday General Electric announced that the company will axe 12 000 jobs, as the conglomerate has struggled for years.

Thu, 07 Dec 2017 10:52:30 GMT

PBOC's FX reserves grow by $10B in November

Foreign reserves of The People's Bank of China rose by $10B to $3.119T in November, compared to a $700M increase month-on-month, thus growing for the tenth consecutive month.

Thu, 07 Dec 2017 10:52:16 GMT

BOJ Governor says changes in financial system, economy could trigger yield hike

The Governor of the Bank of Japan Haruhiko Kuroda explained on Thursday that a change in the financial system and economy could allow for a hike in its yield targets.

Thu, 07 Dec 2017 10:03:21 GMT

Honda to increase car prices in 2018

The Japanese car manufacturer Honda Motor Co. is set to increase the price of its models by 1-2% starting from January, 2018, in order to offset input costs.

Thu, 07 Dec 2017 09:56:43 GMT

UK's Grayling says UK will succeed even if Brexit deal is not signed

The British Secretary of State for Transport Chris Grayling noted on Thursday that the UK would prosper even if it is forced to walk away without a Brexit deal.

Thu, 07 Dec 2017 09:16:28 GMT

German industrial production falls to 1.4% in October

The German industrial production fell by 1.4% in October month-on-month, compared to the expected 0.9% increase, the Federal Statistical Office reported on Thursday.

Thu, 07 Dec 2017 09:05:05 GMT

IMF, World Bank concerned about attacks on Ukrainian anti-corruption institutions

The International Monetary Fund and the World Bank expressed their concern on Thursday about attacks on anti-corruption institutions in Ukraine that could hinder its progress.

Thu, 07 Dec 2017 08:17:49 GMT

UAE refuses to recognize US decision on Israel

On Thursday, the United Arab Emirates' Foreign Ministry said it denounces the US decision to recognize Jerusalem as Israel's capital, saying that it put regional stability in jeopardy.

Thu, 07 Dec 2017 08:10:46 GMT

Erdogan believes US decision on Israel disregards UN

On Thursday, the Turkish President Tayyip Erdogan said that the US decision to move embassy to genuine Israel's capital Jerusalem absolutely disregards resolution adopted by the UN back in 1980.

Thu, 07 Dec 2017 07:17:30 GMT

CME and Cboe ready to launch BTC futures contracts

According to companies' announcements, Cboe Global Markets Inc will start offering bitcoin futures contracts on December 10, while CME Group Inc will do that on December 17.

Thu, 07 Dec 2017 07:12:11 GMT

Shrap wants to ally with Display Inc to counter South Korean firms

On Thursday, the Sharp Corp CEO Tai Jeng-wu said it would ask the Japanese government to help to form a partnership with Display Inc in OLED panels' production in order to successfully compete with South Korean companies.

Thu, 07 Dec 2017 05:51:17 GMT

Walgreens to invest $416M in Chinese pharmacy chain

The US pharmacy major Walgreens is set to invest $416M in Gua Da, taking the 40% stake in Chinese top pharmacy chain, in a bid to increase its presence in the country.

Thu, 07 Dec 2017 05:51:09 GMT

Canada unlikely to move embassy to Jerusalem

Canadian Foreign Minister stated that the country's embassy would not be moved to Jerusalem, as the city's status could be determined only when the Palestinian-Israeli dispute is settled.

Thu, 07 Dec 2017 05:25:07 GMT

IMF wants China to enhance financial stability further

The International Monetary Fund welcomed China's intention to contain financial risks and pointed that China could make further steps to improve financial stability.

Thu, 07 Dec 2017 05:24:40 GMT

Global Fund to provide $321M to help Myanmar

The Global Fund is set to grant $321M of aid to support Myanmar in a fight against three diseases – tuberculosis, HIV/AIDS and malaria.

Thu, 07 Dec 2017 04:25:09 GMT

US recognised Jerusalem as capital of Israel

The US President Donald Trump recognised Jerusalem as Israel's capital and ordered to move the US embassy here from Tel Aviv, triggering wide criticism around the world.

Thu, 07 Dec 2017 04:24:17 GMT

BoJ Chief sees current YCC framework as sustainable

Haruhiko Kuroda, the Bank of Japan Governor, said that the Bank's yield curve control policy was a sustainable framework, which could push down long-term rates efficiently.

Thu, 07 Dec 2017 02:59:08 GMT

VW executive sentenced seven years for US emissions issue

Volkswagen executive was fined $400K and sentenced seven years in prison for the US emissions fraud, which cost the Germany's automaker nearly $30B.

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