News

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Thu, 12 Oct 2017 19:57:22 GMT

Mexican central bank to maintain prudent monetary policy stance

The Mexican central bank is expected to keep a prudent monetary policy stance amid adverse scenarios in US-Mexican ties, which could increase risks for economic growth and the Peso. 

Thu, 12 Oct 2017 19:52:48 GMT

US, Israel quit UNESCO

The US and Israel announced that the countries quitted the U.N.'s cultural agency UNESCO after Washington accused it of anti-Israel bias. 

Thu, 12 Oct 2017 19:17:04 GMT

Trump signs executive order to undermine Obamacare

The US President Donald Trump signed executive order aimed at allowing small businesses to band together across state lines to purchase cheaper, less regulated health plans for their staff with fewer benefits.

Thu, 12 Oct 2017 19:08:35 GMT

US thinks North Korean threat is manageable

The White House Chief of Staff John Kelly said that the Trump administration believed that the threat posed by the North Korean nuclear weapons capability was currently manageable.

Thu, 12 Oct 2017 18:23:16 GMT

St. Louis Fed President warns Fed may lose credibility

The St. Louis Fed President James Bullard warned that the Fed risked losing credibility and possibly triggering a recession if it continues monetary policy normalisation without firm evidence that the pace of prices increases strengthens. 

Thu, 12 Oct 2017 18:15:51 GMT

Soft Brexit best way for both Britain and EU, says Germany's Schaeuble

The German Finance Minister Wolfgang Schaeuble said that a soft Brexit featuring trade deals would be the best option to minimise damage to Britain and the EU. 

Thu, 12 Oct 2017 17:02:35 GMT

GM to cut production and jobs at Detroit plant

Sources close to the matter reported on Thursday that General Motors would cut production at its plant in Detroit and lay off 1.5K workers.

Thu, 12 Oct 2017 17:02:03 GMT

Facebook supports release of Russian-bought ads

The Facebook COO Sheryl Sandberg stated on Thursday that the company "absolutely" supported the public release of the 3,000 Russia-linked ads that ran during the 2016 US Election.

Thu, 12 Oct 2017 15:56:25 GMT

ECB to keep rates low „well past" QE

The ECB President Mario Draghi reported on Thursday that interest rates would remain at their record lows „well past" the end of the QE.

Thu, 12 Oct 2017 15:56:02 GMT

US crude oil inventories drop for third consecutive week

The EIA reported on Thursday that crude oil inventories dropped 2.7M barrels last week, following the preceding week's fall of 6.0M barrels and surpassing analysts' expectations for a 1.9M-barrel decline.

Thu, 12 Oct 2017 14:52:00 GMT

US producer prices jump in line with forecasts

The US Labour Department reported that its Producer Price Index surged 0.4% in September, up from the prior month's rise of 0.2% and in line with analysts' forecasts.

Thu, 12 Oct 2017 14:51:30 GMT

Canadian house prices rise less than expected

Statistics Canada reported on Thursday that its National House Price Index rose 0.1% in August, following July's gain of 0.4% and falling behind analysts' expectations for a 0.3% increase.

Thu, 12 Oct 2017 14:26:10 GMT

Lufthansa signs $249M deal to buy Air Berlin parts

On Thursday, Lufthansa signed a $249M deal to acquire large parts of the insolvent Air Berlin, saying it was planning to quickly expand the Eurowings budget business.

Thu, 12 Oct 2017 14:16:38 GMT

Amazon to employ 120K workers in US for holiday season

Amazon is planning to hire 120K workers for the holiday season in the United States as the company is preparing for the shopping frenzy during the festive period.

Thu, 12 Oct 2017 13:26:27 GMT

Apple gets permission to build data centre in Ireland

On Thursday, the Irish Court granted Apple its permission to build a $1B data centre in Ireland, following a two-year planning postponement that could put its reputation with investors in jeopardy.

Thu, 12 Oct 2017 13:16:24 GMT

US initial jobless claims drop 15K last week

The number of applications for US unemployment benefits fell 15K to 243K in the week ending October 7, compared to the prior month's downwardly revised reading of 258K.

Thu, 12 Oct 2017 12:34:20 GMT

Thousands Vietnamese evacuated amid floods

At least 46 people were killed and 33 missing in a devastating disaster as landslides and floods hit central Vietnam, forcing the government to evacuate the citizens.

Thu, 12 Oct 2017 12:28:27 GMT

Sky shareholders back Murdoch's re-election as chairman

Sky's chairman James Murdoch will stay at his current position as the company's shareholders supported his re-election on Thursday.

Thu, 12 Oct 2017 11:05:26 GMT

Egypt prolongs state of emergency

Cairo extended its state of emergency for three more months, starting October 13, following two church bombings in April that left 45 people dead, the official media reported on Thursday.

Thu, 12 Oct 2017 10:54:24 GMT

HSBC appoints Flint as next CEO

On Thursday, HSBC picked up the head of its wealth and retail management business John Flint as the bank's next Chief Executive to replace the outgoing CEO Stuart Gulliver.

Thu, 12 Oct 2017 10:08:18 GMT

Industrial production in Euro zone rises to solid 1.4% in August

Industrial production in the Euro zone grew 1.4% month-on-month in August – a reading well above the forecast of 0.6%, Eurostat reported on Thursday.

Thu, 12 Oct 2017 09:59:38 GMT

Survey: 75% of small companies in UK not changing plans due to Brexit

Almost 75% of small companies in the UK have not changed their plans in the wake of the Brexit vote last year; however, they do expect an increase in raw material costs and lower revenue.

Thu, 12 Oct 2017 09:25:15 GMT

Deutsche Telekom debuts 5G mobile antennas in Berlin

On Thursday, Deutsche Telekom presented its first super high-speed 5G mobile antennas, saying it was ready to be launched globally by 2020.

Thu, 12 Oct 2017 09:09:37 GMT

Turkey to arrest 25 soldiers in post-coup investigation

Turkey's authorities ordered detention of 25 soldiers across the country amid a widening crackdown after the 2016 failed military coup attempt.

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