News

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Thu, 07 Dec 2017 02:57:54 GMT

Chevron expects $18.3 spending budget for next year

One of the largest US-based oil producer Chevron was budgeting $18.3B for capital projects in 2018, which was nearly 4% less than in the prior year, the company said.

Wed, 06 Dec 2017 21:12:47 GMT

Central Bank of Brazil cuts Selic rate to record low

On Wednesday, the Central Bank of Brazil cut its key Selic rate to a record low of 7.00% and signaled further rate cuts.

Wed, 06 Dec 2017 21:01:43 GMT

Trump recognises Jerusalem as Israel's capital

On Wednesday, the US President Donald Trump recognised the city of Jerusalem as Israel's capital, raising the risk of a subsequent political conflict in the Middle East.

Wed, 06 Dec 2017 20:05:57 GMT

BoC leaves rates on hold

As markets expected, the Bank of Canada left its key interest rate unchanged at 1.00% at the end of its policy meeting on Wednesday.

Wed, 06 Dec 2017 20:03:45 GMT

US crude oil inventories drop more than expected

The EIA reported that crude oil inventories dropped 5.6M barrels in the week ended December 1, following the prior week's fall of 3.4M barrels and surpassing analysts' expectations for a 3.2M-barrel decline.

Wed, 06 Dec 2017 19:20:23 GMT

Canada scraps intention to purchase Boeing fighters

Canada was scrapping a plan to purchase 18 Boeing fighter jets due to deepening disagreements with the US aerospace firm, sources familiar with the matter said.

Wed, 06 Dec 2017 19:07:41 GMT

Unilever fined for misuse of dominance in ice cream market

Italian antitrust agency stated that it fined the Unilever's unit more than $70.7M due to abuse of the company's dominant position in the market of ice cream.

Wed, 06 Dec 2017 19:05:11 GMT

Ford, Alibaba to test online vehicle sales

Ford is set to sign an agreement with Alibaba, which would allow the company to test car sales to China's consumers directly through Tmall, the Alibaba's online retailer.

Wed, 06 Dec 2017 17:52:41 GMT

US unit labour costs fall for two quarters in succession

The US Labour Department stated that the country's labour costs fell 0.2% in the Q3, indicating that consumer price growth could stay benign by the end of the year.

Wed, 06 Dec 2017 17:51:52 GMT

US private employers add 190K positions in November

The ADP report showed that the US private sector added 190K jobs in November, while the manufacturing sector created the most positions in nearly 15 years

Wed, 06 Dec 2017 16:55:16 GMT

Former Catalan leader to stay in Belgium for while

Carles Puigdemont, the Former Catalan leader, which was arrested in Spain for an organisation of an illegal independence referendum, reported that he would not leave Belgium for a while.

Wed, 06 Dec 2017 16:55:11 GMT

Apple's Cook optimistic on China's banned apps return

Apple's chief executive, Tim Cook, reported on Wednesday that there was a hope that some apps that had been banned in China would eventually be restored after being removed earlier this year.

Wed, 06 Dec 2017 15:54:00 GMT

French President visits Algeria to boost cooperation

Emmanuel Macron, the President of France, arrived in Algeria on Wednesday for a one-day working visit in order to boost bilateral relations and reinforce security cooperation.

Wed, 06 Dec 2017 15:53:53 GMT

US Treasury seeks information on Turkish bank

The US Deputy Prime Minister reported on Wednesday that the US Treasury had requested information on a Turkish bank, mentioning a US court case versus a Halkbank executive.

Wed, 06 Dec 2017 15:23:20 GMT

Tillerson sees no normalisation in NATO-Russia ties

Rex Tillerson, the US Secretary of State, expressed the view that there was a broad consensus among NATO members that no normalisation in negotiations with Russia occurred.

Wed, 06 Dec 2017 15:22:28 GMT

T-Mobile board accepts $1.5B buyback program

T-Mobile, the US wireless carrier, said that the company's board authorised the first-ever buyback program for up to $1.5B worth of its common stock.

Wed, 06 Dec 2017 14:20:56 GMT

Indigo raises $203M through Dubai fund

Farming tech start-up Indigo raised extra $47M from Dubai's sovereign wealth fund, bringing the total sum of financing for its efforts to reform how crops are grown to $203M.

Wed, 06 Dec 2017 14:18:21 GMT

UnitedHealth to buy medical unit of DaVita for $4.9B

UnitedHealth Group announced that it would purchase a medical unit of kidney care services supplier DaVita for $4.9B, aiming to operate more in outpatient treatment services.

Wed, 06 Dec 2017 12:07:23 GMT

Home Depot plans $15B share repurchase

The US home improvement chain Home Depot Inc announced on Wednesday a $15B share repurchase program starting in February, 2018.

Wed, 06 Dec 2017 11:53:25 GMT

Spokesman: UK's PM has made progress to move on with Brexit talks

A spokesman for the British Prime Minister Theresa May said on Wednesday that she had made progress in Brexit talks ahead of the Euro Summit scheduled on 14-15 December, 2017.

Wed, 06 Dec 2017 10:52:19 GMT

Japan to spend additional 2.9T Yen on economic measures, missile defence

Japan is set to allocate additional 2.9T Yen ($25.8B) from its budgetary spending on missile defence and other economic measures, government officials explained on Wednesday.

Wed, 06 Dec 2017 10:51:59 GMT

Reuters: Ford, Alibaba to sign sales agreement on Thursday

Ford Motor Co is set to sign an agreement with Alibaba Group Holding Ltd on Thursday with the aim to sell its cars in the Chinese market via Alibaba's online platform.

Wed, 06 Dec 2017 09:51:46 GMT

CBRC issues draft rules for managing liquidity risk

China Banking Regulatory Commission issued on Wednesday draft guidelines for managing liability risks of commercial banks in an attempt to improve the country's banking sector.

Wed, 06 Dec 2017 09:51:26 GMT

Saga shares fall in response to sluggish 2017/2018 profit forecasts

Shares of the UK-based Saga Plc fell 20% on Wednesday in the wake of the company announcing sluggish forecasts of its pre-tax profit in 2017 and 2018.

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