News

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Thu, 11 May 2017 16:57:51 GMT

UN tells Uzbekistan to go easy on Islamic extremists

On Thursday, the UN High Commissioner for Human Rights said that Uzbekistan should avoid taking extreme actions against Islamic radicals.

Thu, 11 May 2017 16:00:04 GMT

US natural gas storage rises less than expected

The EIA reported on Thursday that natural gas inventories in the US climbed 45B cubic feet last week, down from the preceding week's 67B rise and below forecasts for a 52B gain.

Thu, 11 May 2017 15:57:12 GMT

US initial jobless claims drop to 236K last week

The number of Americans filing for unemployment benefits fell to 236K in the week ending May 5, whereas analysts expected a rise to 245K from the prior week's 238K.

Thu, 11 May 2017 15:03:32 GMT

US producer prices climb more than expected in April

Producer prices in the United States surged 0.5% last month after falling 0.1% in March, while markets anticipated a rise of just 0.2%.

Thu, 11 May 2017 15:01:08 GMT

Canadian house prices rise in line with forecasts

Prices for new houses in Canada rose 0.2% in March, following the preceding month's gain of 0.4% but meeting analysts' expectations.

Thu, 11 May 2017 14:11:34 GMT

Safran plans to fix Boeing engine issues within weeks

The aerospace and engineering group Safran tends to complete 737 MAX aircraft engine issue as soon as in few weeks after Boeing halted its flight tests due to the glitch.

Thu, 11 May 2017 13:59:05 GMT

Ukraine to name new central bank governor by September

On Thursday, the Ukraine Finance Minister Oleksandr Danylyuk announced that the country would choose and appoint one of the candidates for central bank head by September 2017.

Thu, 11 May 2017 13:29:50 GMT

Yahoo rejects to cooperate with German cyber agency into hacking probe

German cyber agency rebuked Yahoo for inaction and refusal to cooperate into hacking probe on cyber attacks that compromised over 1B email service's users in a time period of 2013-2016.

Thu, 11 May 2017 13:09:49 GMT

Adidas director refuses to sell Reebok

The CEO of Germany's sportswear company Adidas Kasper Rorsted rejected the shareholders' calls to sell Reebok brand that yields losses as he believes a restructuring plan can restore its profitability.

Thu, 11 May 2017 12:28:19 GMT

Kremlin cautious about positive conversation with Trump

The Kremlin expressed "cautious optimism" over the US-Russia relationship improvement after the President Donald Trump and Russian Foreign Minister Sergei Lavrov meeting, saying there would be a lot of work ahead.

Thu, 11 May 2017 12:10:30 GMT

Safran shares drop amid 737 MAX engine issues

Shares of the French aerospace group Safran were about 1% down on Thursday after Boeing announced it would halt 737 MAX aircraft's test flights amid an engine issue made by the group.

Thu, 11 May 2017 11:13:29 GMT

Chinese ex-statistics head pleads guilty to taking bribes

On Tuesday, the Court of China stated that the former statistics chief Wang Baoan pleaded guilty to taking $22M in bribes, increasing the number of officials brought down in the President Xi Jinping's corruption war.

Thu, 11 May 2017 11:13:12 GMT

Siemens to slash 1.7K jobs in Germany

Siemens plans to cut down 1.7K job positions in Germany, which is about 1.5% of the personnel in the company's home country, and move 1K positions amid an efficiency drive.

Thu, 11 May 2017 10:14:03 GMT

Euro zone forecast revised to the upside

Official data on Thursday showed that the European Commission raised the Euro zone's growth forecast for this year, expecting unemployment to drop, while leaving the 2018 projection unchanged.

Thu, 11 May 2017 10:03:03 GMT

UK industry continues to suffer from Brexit

A set of disappointing UK fundamental data was released today, with the Industrial and Manufacturing Production growths edging down to -0.5% and -0.6%, respectively, while the Trade Deficit widened more than anticipated, as Brexit consequences continued to weigh on the British economy.

Thu, 11 May 2017 09:25:57 GMT

Boeing halts 737 MAX test flights amid engine problem

On Wednesday, Boeing suspended its 737 MAX aircraft test flights amid an engine issue made by General Electric and France's Safran SA, saying a potential problem may cause heavy expenses.

Thu, 11 May 2017 09:06:50 GMT

Uber as transportation service may need licences under EU law

The European Union can require the ride-hailing application Uber to obtain a license and authorisation permit under the national law as the company provides transportation services.

Thu, 11 May 2017 08:18:13 GMT

Syrian man jailed for life after murdering Assad soldiers

A Syrian national and asylum seeker received a life imprisonment sentence after killing 20 injured soldiers of the President Bashar al-Assad's army.

Thu, 11 May 2017 08:05:34 GMT

BT to phase out 4K jobs amid Italian accounting scandal

On Thursday, BT announced that it intended to cut down 4K job positions in the multinational Global Services unit following the Italian accounting scandal, which took place in January.

Thu, 11 May 2017 07:09:30 GMT

Duperreault to become new AIG Chief

According to the Wall Street Journal, American International Group is eager to appoint the current chief of Hamilton Insurance Group Brian Duperreault as a new AIG CEO as early as this week.

Thu, 11 May 2017 06:56:11 GMT

South Korea and China leaders discuss North Korea missile programme

The South Korea's President Moon Jae-in and the Chinese leader Xi Jinping discussed North Korea on Thursday and agreed on cooperation to reduce tensions over the provocative country's missile programme.

Thu, 11 May 2017 06:28:13 GMT

Samsung names new mobile marketing head

Samsung Electronics appointed a new mobile marketing chief amid company's executive reshuffle following the Vice Chairman Jay Y. Lee arrest for alleged bribery.

Thu, 11 May 2017 06:13:22 GMT

Uber to partner with Myanmar taxi drivers

Uber Tech has launched its services in Myanmar, only hiring taxi drivers who have State accreditation as the company tends to elude any legal hurdles.

Thu, 11 May 2017 05:17:48 GMT

HCL Technologies reports profit increase at the end of fiscal year

One of India's top software services firms, HCL Technologies Ltd., reported a strong increase in profit in the fourth quarter of the fiscal year ended on March 31. The report showed a 28% rise, due to an increase in clientèle.

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