News

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Fri, 29 Sep 2017 04:12:53 GMT

IAEA Director says NK's progress on weapon development poses new, global threat

The Chief of the International Atomic Energy Agency said that North Korea's latest nuclear test revealed its progress towards weapons development, thus posing a new, global threat.

Fri, 29 Sep 2017 04:04:04 GMT

South Korea to ban ICOs

The Financial Services Commission, the South Korean financial regulator, is set to ban fundraising through initial coin offerings for all virtual currencies.

Fri, 29 Sep 2017 02:55:24 GMT

France's PM to closely watch attempts to change ownership of L'Oreal

The French Prime Minister said he would look carefully at any of attempted L'Oreal ownership change, especially international investors' intention to buy the firm.

Fri, 29 Sep 2017 02:54:41 GMT

Ex-Porsche board member arrested in Audi emissions probe

Munich prosecutors arrested a former executive of Volkswagen unit Porsche in alleged connection with Audi emissions scandal.

Fri, 29 Sep 2017 02:00:30 GMT

Macron's EU vision to boost Franco-German cooperation

Angela Merkel praised President of France Emmanuel Macron's ambitions for the EU, which could become the foundation for close Franco-German partnership.

Fri, 29 Sep 2017 02:00:15 GMT

World Bank approves disaster fund of $150M for Dominican Republic

The World Bank announced that it approved $150M in disaster funds for Dominican Republic to support better preparation for natural disasters.

Thu, 28 Sep 2017 20:09:29 GMT

UBS points to Toronto housing bubble

UBS reported on Thursday that Toronto was the number one city in terms of a housing bubble risk, followed by Stockholm and Munich.

Thu, 28 Sep 2017 20:01:44 GMT

UN offers to help resolve Iraqi-Kurdish conflict

The Iraqi Foreign Ministry reported on Thursday that the United Nations offered its help to resolve the Iraqi-Kurdish conflict.

Thu, 28 Sep 2017 19:59:41 GMT

UN offers to help resolve Iraqi-Kurdish conflict

The Iraqi Foreign Ministry reported on Thursday that the United Nations offered its help to resolve the Iraqi-Kurdish conflict.

Thu, 28 Sep 2017 19:51:33 GMT

US wholesale inventories rise 1.0% in August

The US Census Bureau reported that according to its preliminary estimates wholesale inventories rose 1.0% last month, following July's climb of 0.6% and falling behind analysts' expectations for a 0.4% increase.

Thu, 28 Sep 2017 19:51:08 GMT

US trade balance improves in August

The US Bureau of Economic Analysis reported on Thursday that the country's trade deficit narrowed to $62.9B last month, down from July's $63.9B, whereas analysts anticipated an expansion to $65.0B.

Thu, 28 Sep 2017 18:54:20 GMT

Iran to quit nuclear dial if US withdraws

Iran is set to abandon the nuclear agreement it reached with major powers if the US decides to withdraw from the deal, the Iranian Foreign Minister said.

Thu, 28 Sep 2017 18:53:48 GMT

Britain and EU make not enough progress on Brexit to open trade talks

Britain and the EU made insufficient progress to enter the next phase of talks on a future trade agreement or a post-Brexit transition period, top negotiators stated.

Thu, 28 Sep 2017 16:51:59 GMT

Video streaming company Roku raises $219M in IPO

Roku, the Fox-backed video streamer, raised nearly $219M in an IPO, which was priced at the top of its anticipated price range, the company stated.

Thu, 28 Sep 2017 16:51:24 GMT

Mitsubishi recalls more than 63K cars in Russia

Rosstandart, the Russian standards watchdog, was informed that Mitsubishi Motors was recalling more than 63K of Pajero and Galant cars sold in Russia between 2006 and 2016 years.

Thu, 28 Sep 2017 15:56:16 GMT

ECB rules on bank solvency, aid might be redefined

Sabine Lautenschlaeger, the ECB top supervisor, stated that rules on bank's solvency and when it could receive help from state need to be redefined to avoid further failures.

Thu, 28 Sep 2017 15:56:05 GMT

Accenture reports higher revenue as bets on cloud, digital pay off

Accenture reported better-than-anticipated quarterly revenue, as the outsourcing and consulting provider benefited from investments made in cloud and digital service businesses.

Thu, 28 Sep 2017 15:24:59 GMT

US economic growth revised higher in Q2

The Commerce Department reported that the US economy revealed a slightly faster-than-anticipated growth pace of 3.1% in the June quarter.

Thu, 28 Sep 2017 15:23:24 GMT

ECB to talk over adjustment, not ending monetary stimulus

The ECB policymakers are likely to discuss adjusting, not ending of the economic stimulus amid stronger-than-expected growth, the ECB Chief Economist Pater Praet said.

Thu, 28 Sep 2017 14:17:29 GMT

Chevron names new CEO as Watson quits

Mike Wirth, the current Vice Chairman of Chevron, is set to become the firm's next CEO in February to replace the retiring John Watson, the company announced on Thursday.

Thu, 28 Sep 2017 14:10:50 GMT

ECB hopes to reach Basel III accord by year end

The European Central Bank executive board member Sabine Lautenschlaeger expects the Basel III deal, aimed at stability ensuring in the banking sector, to be reached by the end of this year.

Thu, 28 Sep 2017 13:33:21 GMT

US initial jobless claims jump 12K last week

The number of applications for US unemployment benefits surged 12K to 272 in the week ending September 23, following the prior week's upwardly revised 260K reading.

Thu, 28 Sep 2017 13:22:08 GMT

Kellogg appoints Nature's Bounty head as new CEO

Kellogg named the chief executive of Nature's Bounty Steven Cahillane as the cereal maker's new CEO to replace John Bryant after his resignation on March 15.

Thu, 28 Sep 2017 12:26:20 GMT

12 Afghani police men dead amid suicide car bomb

No less than 12 Afghan police officers were reported to be killed in a car blast, as a suicide attacker packed with bombs drove into their Kandahar checkpoint on Wednesday.

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