News

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Wed, 07 Jun 2017 15:06:08 GMT

US crude stockpiles rise unexpectedly

The EIA reported that US crude oil inventories rose 3.3M barrels in the week ended June 2, following the prior week's drop of 6.4M barrels and falling behind expectations for a 3.1M-barrel decline.

Wed, 07 Jun 2017 15:03:11 GMT

Canadian building permits fall for third straight month in April

Statistics Canada reported that building permits dropped 0.2% in April, compared to the preceding month's upwardly revised fall of 4.9%, whereas analysts anticipated an increase of 2.4%.

Wed, 07 Jun 2017 14:28:45 GMT

Trump to name ex-Justice Dept lawyer as new FBI chief

On Wednesday, the US Presdient Donald Trump announced that he would nominate the ex-Assistant US Attorney General Christopher Wray as a new FBI Director.

Wed, 07 Jun 2017 14:20:50 GMT

Sweden to fight terrorism by toughening laws

The Sweden centre-left government together with the opposition parties came to an agreement to tighten the laws with intention to fight terrorism after an outbreak of attacks across Europe.

Wed, 07 Jun 2017 13:22:46 GMT

Iran attack death toll rises to 12

The number of casualties of the Iranian Parliament and Mausoleum attack reached 12 after three assailants opened fired and detonated a suicide vest on Wednesday.

Wed, 07 Jun 2017 13:10:41 GMT

Myanmar military plane disappears with 120 on board

According to the Myanmar officials, an army plane with 120 people on board has gone missing this Wednesday after losing communication over the Andaman Sea on its way to the Yangon city.

Wed, 07 Jun 2017 12:27:37 GMT

Scandlines ceases ferries from Denmark to Germany over threat tip-off

On Wednesday, ferry operator Scandlines suspended ferry transportation between Denmark and Germany as the police received a telephone threat; however, declined to provide further information on the issue.

Wed, 07 Jun 2017 12:12:12 GMT

Transdev, Delphi to develop EU autonomous shuttle service

Delphi Automotive is eager to cooperate with a French-controlled public transport service Transdev Group as the companies intend to develop a self-driving shuttle service operating in Europe.

Wed, 07 Jun 2017 11:16:41 GMT

Trump-Putin meeting likely to be held behind closed doors

According to the Kremlin, a firm date for the first meeting of the US President Donald Trump and the Russian President Vladimir Putin is not set yet; however, it is more likely to be held behind the closed doors.

Wed, 07 Jun 2017 11:16:16 GMT

Japanese Display postpones investment in JOLED until 2018

Japan's Display delayed its scheduled investment in the manufacturer of organic light-emitting diode panels JOLED until at least the next year amid an unfinished overhaul of its business strategy.

Wed, 07 Jun 2017 10:04:09 GMT

Political turmoil strengthens to EU defense

The recent events like the election of Donald Trump, as the President of the US, and the Brexit have given new momentum to the European Union's defense research program. The program is set to receive more funds for developing new military technology.

Wed, 07 Jun 2017 10:03:01 GMT

Daesh claim attack on Iran

On Wednesday the Daesh group's news agency AMAQ announced that the organization is responsible for the attack on the Iranian parliament.

Wed, 07 Jun 2017 09:25:44 GMT

Seven die in Iran's Parliament and Mausoleum attack

At least seven people died in a attack on the Iran Parliament and Ayatollah Khomeini Mausoleum on Wednesday after three assailants opened fire with two AK-47 assault rifles and a pistol.

Wed, 07 Jun 2017 08:55:56 GMT

Hyundai US sales head steps down amid weak sales

The US Sales Director of Hyundai Motor Derrick Hatami left his post in a company's management shake-up, presumably, due to sluggish sales as Hyundai had posted a 15.5% drop in the US sales in May.

Wed, 07 Jun 2017 08:30:15 GMT

UAE prohibits Qatar's citizens to travel or transit via country

Abu Dhabi's Etihad Airways announced about the UAE government decision to bar Qatari passport holders from travel or transit through the country amid Qatar's strained ties with its Gulf neighbours.

Wed, 07 Jun 2017 08:11:43 GMT

Russia intercepts US bomber flying over Baltic Sea

On Tuesday, Russian fighter jet intercepted a nuclear-armed US B-52 bomber flying over the Baltic Sea; a move that was deemed by Russia as the Cold War threat.

Wed, 07 Jun 2017 07:31:58 GMT

Carrefour to put forward Bompard as new Chief Executive

The board of France's supermarket chain Carrefour intends to nominate Alexandre Bompard as a new company's CEO as early as this Friday or next Monday.

Wed, 07 Jun 2017 07:15:41 GMT

Spanish Santander acquires rival Banco Popular for one euro

On Wednesday, Spain's bank Santander stated it was eager to buy its smaller rival Banco Popular for one euro, making a capital investment of €7B required to boost failed bank's finances.

Wed, 07 Jun 2017 06:32:39 GMT

UAE bars expression of condolences towards Qatar

The United Arab Emirates is eager to punish any person who publishes expressions of sympathy towards Qatar by imprisoning up to 15 years.

Wed, 07 Jun 2017 06:24:32 GMT

UK police arrest suspect in London attack

On Wednesday, the British police took a man in custody on the suspicion of preparation, commission and solicitation of terrorists acts in the London Bridge attack investigation.

Wed, 07 Jun 2017 04:51:29 GMT

Australian economy sets a record

The economy of Australia increased just enough during the last quarter to reach the record of the Netherlands of consecutive 103 quarters of growth.

Wed, 07 Jun 2017 04:51:13 GMT

Oil prices decline on Wednesday

The prices for crude oil decreased on Wednesday morning, as the markets remain oversupplied. However, increasing political tensions in the Arabic Peninsula and decreasing US stocks have supported the price.

Wed, 07 Jun 2017 04:28:47 GMT

Prisoners riot in Mexico

Three police officers and a security guard have died during a prison riot in the city of Victoria in the state of Tamaulipas in Mexico.

Wed, 07 Jun 2017 04:27:01 GMT

Goldman Sachs increases savings rate

Goldman Sachs Group is set to be one of the top banks of savers, as it is set to increase its deposit rate to 1.2% on Wednesday.

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