News

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Tue, 05 Dec 2017 04:20:51 GMT

Japan sees additional education spending within $18B package

Toshimitsu Motegi, the Japanese Economy Minister, pointed to extra expenditure for recurrent education within the government's planned $17.8B economic package.

Tue, 05 Dec 2017 04:20:08 GMT

China's services sector expands at solid pace in November

Chinese services PMI reached its three-month high of 51.9 in November, fuelled by a strong increase in new business, while the rate of expansion was still moderate.

Tue, 05 Dec 2017 03:20:21 GMT

Australia's retail sales grow 0.5% in October

The Australian Bureau of Statistics showed that the country's retail sales rose more than expected 0.5% in October, with the strongest increases in eating out and clothing sectors.

Tue, 05 Dec 2017 03:19:35 GMT

Japan services growth cools in November, business confidence improves

Japan's services PMI decreased to 51.2 in November, amid outstanding business slowdown, while new orders growth was solid and business sentiment picked up, indicating further expansion.

Mon, 04 Dec 2017 20:50:49 GMT

Delphi wants self-driving costs to fall 90% by 2025

Delphi, which was changing the name to Aptiv, aimed to diminish the cost of self-driving vehicles by more than 90% to around $5K by 2025, the CEO Kevin Clark said.

Mon, 04 Dec 2017 20:50:11 GMT

German SPD to negotiate with Merkel if members agree

The leader or Germany's SPD Martin Schulz would negotiate with Angela Merkel's conservatives over forming a new government next week if his party's members agree.

Mon, 04 Dec 2017 19:54:23 GMT

OPEC oil production declines in November

OPEC oil output decreased in November by 300K bpd to the lowest level since May 2017, pressured by weaker Iraqi and Angolan exports and robust compliance with output cut agreement.

Mon, 04 Dec 2017 19:53:37 GMT

Deeper EZ integration to unite EU

Pierre Moscovici said that EC proposals to strengthen the integration of the EZ would seek to make the bloc more united and enhance the democratic accountability of its institutions.

Mon, 04 Dec 2017 18:55:19 GMT

Chipmaker Dialog drop on fears over Apple's independence

Dialog Semiconductor's shares fell further 23% after the firm acknowledged that its main consumer Apple could develop batter-saving chips for iPhones on its own.

Mon, 04 Dec 2017 18:53:57 GMT

May postpones Brexit deal after Ireland's furore

The UK Prime Minister Theresa May failed to make a Brexit divorce agreement with EU negotiators, despite initial reports of a deal that would keep Northern Ireland linked to EU rules.

Mon, 04 Dec 2017 17:54:50 GMT

Germany, France want Iran to repeal ballistic missile program

Germany and France agreed that Iran must rescind its ballistic missile program and cease "hegemonic temptations" across the Middle East, the France's Foreign Minister stated.

Mon, 04 Dec 2017 17:54:02 GMT

Ireland anticipates Apple's back tax in Q1 2018

Ireland expects Apple to begin paying back taxes totalling nearly $15.4B into the escrow account in the Q1 of 2018, the country's Finance Minister stated.

Mon, 04 Dec 2017 17:08:05 GMT

Fed expected to raise rates next week, three more times next year

The US Fed is widely anticipated to make an interest rate increase later in December, Reuters economists' poll said, the majority of whom expected three more hikes in 2018.

Mon, 04 Dec 2017 17:07:22 GMT

EU to monitor US tax reform impact

The European Union is set to closely monitor the influence of the US tax reform adopted at the weekend to evaluate its impact on global tax rules and the US deficit.

Mon, 04 Dec 2017 16:22:53 GMT

US factory orders fall 0.1% in October

Commerce Department reported that the US factory orders decreased less-than-anticipated 0.1% in October due to weaker demand for both defence and civilian aircraft.

Mon, 04 Dec 2017 16:21:58 GMT

CVS Health Corp to acquire Atena for $69B

The US pharmacy chain CVS Health agreed to acquire the country's health insurer Atena for $69B, aiming to tackle rising healthcare spending through lower-priced medical services.

Mon, 04 Dec 2017 15:24:45 GMT

CMA CGM, Total agree on LNG supply

Total, the French major energy group, signed a ten-year agreement to supply one of the largest container line CMA CGM with liquefied natural gas in efforts to respect ecology international regulations.

Mon, 04 Dec 2017 15:24:18 GMT

Global demand for air passenger traffic rises 7.2% in October

Global air travel demand increased 7.2% over the course of October, after being affected by hurricanes in September, the International Air Transport Association stated.

Mon, 04 Dec 2017 14:27:55 GMT

EU nearing to start trade negotiations with UK

The Chairman of EU leaders was heartened by the progress made in talks over avoiding physical border separating Ireland after Brexit, bringing closer the beginning of trade talks.

Mon, 04 Dec 2017 14:27:17 GMT

China to permit more private capital in arms industry

China is set to permit more private flows in the military enterprises' shares to enhance military-civilian integration, according to guidelines issued by the State Council.

Mon, 04 Dec 2017 12:55:24 GMT

Saudi Arabia hires Nasdaq

Saudi Arabia's Stock Exchange on Monday announced that the group has hired Nasdaq to replace their sixteen year old infrastructure.

Mon, 04 Dec 2017 12:51:36 GMT

Erdogan won't ask for capital flow limits

The president of Turkey on Monday announced that he is not asking for a limit on various capital flows. The comment was made after on Sunday the president called his cabinet to block "traitors" who move capital out of the country.

Mon, 04 Dec 2017 12:07:25 GMT

Odinga's advisor is arrested

One of the most prominent strategists of the Kenyan oppositions has been arrested on Sunday.

Mon, 04 Dec 2017 12:06:39 GMT

EU will approve easyJet and Air Berlin deal

The EU officials are set to approve the sale of parts of failed German company Air Berlin to the British low price airline easyJet.

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