News

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Wed, 25 Oct 2017 08:26:13 GMT

Toyota to scale back investment in Mexico plant

On Tuesday, Toyota Motor stated that it would scale back the investment in Mexico plant by 30% to $700M, cutting planned annual capacity to 100K vehicles.

Wed, 25 Oct 2017 07:33:39 GMT

Nissan's Leaf EV orders beat expectations

Nissan Motor stated on Wednesday that it had received over 9K orders for a new Leaf electric vehicle model in Japan, beating company's expectations.

Wed, 25 Oct 2017 07:29:11 GMT

Tillerson to visit India on Wednesday

The US State Secretary Rex Tillerson is set to arrive in India on Wednesday to meet its PM Narendra Modi, as both countries seek to deepen strategic and economic ties, amid China's rising influence in Asia.

Wed, 25 Oct 2017 06:32:26 GMT

Goldman aims at private equity expansion to offset trading funk

Goldman Sachs is planning its private equity expansion with intention to offset the latest trading declines and finance small, promising firms in the nearest future.

Wed, 25 Oct 2017 06:24:30 GMT

Sprint, T-Mobile prepare to decide on merger

The top US wireless carriers Sprint and T-Mobile are preparing the groundwork for their special board committees to decide on merger between the two companies.

Wed, 25 Oct 2017 05:21:27 GMT

Japan likely to declare deflation end ahead of 2019 tax hike

According to sources familiar with the matter, the Japanese government may declare the end to deflation ahead of the scheduled tax hike on sales in October 2019.

Wed, 25 Oct 2017 05:15:13 GMT

Honda to sell compact e-vehicles in Japan

Honda CEO stated on Wednesday that the carmaker was about to launch selling compact EVs in Japan in 2020, after the European release in 2019.

Wed, 25 Oct 2017 04:31:38 GMT

Smithfield Foods to sell US pork in China online

The world's biggest pork company WH Group's subsidiary Smithfield Foods announced on Tuesday that it was launching the website to sell the US-produced meat online in China.

Wed, 25 Oct 2017 04:28:57 GMT

Pyongyang University seeks for non-US teachers amid travel ban

The western-founded Pyongyang University of Science and Technology is struggling to hire non-US teachers, as the imposed travel ban on North Korea leaves the staff shortages.

Wed, 25 Oct 2017 03:30:06 GMT

Mexico ready to NAFTA deal against currency manipulation

Mexico announced no objection to any agreement with NAFTA partners aimed to prevent forex manipulation, until it does not affect the country's monetary policy.

Wed, 25 Oct 2017 03:25:52 GMT

Airlines prepare for new US security regulations

New security rules including stricter screening of passengers are set to take effect this Thursday on all US-bound flights to follow government requirements to avoid a laptop ban.

Wed, 25 Oct 2017 01:51:58 GMT

LG Display profit grows 80% in third quarter

South Korean LG Display announced that the company's operating profit surged nearly 80% in the September quarter, on the back of higher demand and recovered panel prices.

Wed, 25 Oct 2017 01:50:59 GMT

Australian inflation growth surprisingly weak in Q3

Australian consumer prices marked the weaker-than-expected growth of 0.6% in the Q3. Following the report, the local currency dropped markedly against the US Dollar.

Tue, 24 Oct 2017 19:50:22 GMT

Supreme Court declines last remaining challenge to Trump's travel ban

The US Supreme Court officially declined plans to hear the remaining challenge to the President Donald Trump's travel ban on several Muslim-majority countries. 

Tue, 24 Oct 2017 19:50:09 GMT

EU to study Malta's AML system

The EU should investigate Malta's anti-money laundering system, EU lawmakers decided in response to the murder of a Maltese journalist, who reported on financial and political corruption. 

Tue, 24 Oct 2017 18:59:30 GMT

Croatia shows biggest decline of debt-to-GDP ratio in EU

Croatia's public debt declined 4.5 percentage points at the end of Q2, marking the largest decline among the EU members states.

Tue, 24 Oct 2017 18:55:09 GMT

Italy calls confidence vote to pass electoral law

Italy's Prime Minister Paolo Gentolini's government called a series of confidence votes to pass a new electoral law.  

Tue, 24 Oct 2017 18:11:06 GMT

US denies visas to Turkey's Justice Ministry delegation

US authorities denied visas to a delegation from Turkey's Justice Ministry, which was due to travel to Washington later this month.

Tue, 24 Oct 2017 18:06:58 GMT

Ukraine, Russia hit by cyber attacks

New wave of cyber attacks using the malware BadRabbit hit Russia and Ukraine, causing flight delays in Ukraine's Odessa airport and affecting several media agencies in Russia. 

Tue, 24 Oct 2017 16:58:01 GMT

Richmond Fed Index worsens in October

The Federal Reserve Bank of Richmond's Manufacturing Activity Index worsened in October, slumping to 12 points and missing analysts' expectations for a 17-point reading.

Tue, 24 Oct 2017 16:56:42 GMT

Flash US Services PMI hits 55.9-point mark

Markit said on Tuesday its preliminary PMI for the United States' services sector jumped to 55.9 in October, an improvement from the 55.3-point reading registered in September.

Tue, 24 Oct 2017 15:56:32 GMT

US prelim Manufacturing PMI improves in October

Preliminary data published by Markit on Tuesday revealed that the US Manufacturing Purchasing Managers' Index managed to reach the 54.5-point mark in October.

Tue, 24 Oct 2017 15:56:10 GMT

CB Leading Index for China up 1.0% in September

Data released by the Conference Board showed that the Leading Economic Index for China increased 1.0% over the course of September.

Tue, 24 Oct 2017 15:15:38 GMT

Belgian business confidence improves in October

According to the data released by the NBB on Tuesday, the Belgian business confidence saw an improvement in the month of October.

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