News

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Thu, 11 May 2017 02:55:03 GMT

5.5 magnitude earthquake jolts China's northwest

A 5.5 magnitude earthquake hit the Xinjiang region in China's northwest on Thursday, killing at least eight people and leaving 11 injured.

Thu, 11 May 2017 02:12:45 GMT

UK housing price balance unchanged in April

According to the RICS survey, the UK housing price balance posted an unchanged reading of 22% in April, while analysts anticipated a slight decline to 20%.

Thu, 11 May 2017 02:09:11 GMT

Japan's current account remains strong in March

The Japan's Ministry of Finance reported that country's current account surplus remained at $25.45B over the month of March, supported by strong income from foreign investments.

Wed, 10 May 2017 19:57:26 GMT

Nvidia, Toyota collaborate to accelerate market introduction of autonomous cars

Nvidia announced that Toyota would use Nvidia's Drive PX supercomputers for autonomous vehicles that were planned for the next few years.

Wed, 10 May 2017 19:57:03 GMT

Tunisian President orders army deployment to protect energy resources

The President of Tunisia ordered the deployment of the army to protect industrial sites suffering disruption from general strikes and protests over poverty.

Wed, 10 May 2017 19:02:19 GMT

Federal government records $182.4B budget surplus

The federal government ran the second highest monthly surplus on record this April as tax revenues were pushed higher by a change in the deadline for corporate tax payments.

Wed, 10 May 2017 19:01:57 GMT

Oil prices jump on bullish inventory data

Oil prices surged as much as 4% after the latest report on the US crude stockpiles eased fears that have permeated the market in recent weeks.

Wed, 10 May 2017 17:55:04 GMT

G7 meeting to paint clearer picture of Trump's foreign policy

On Wednesday, Europe, Canada and Japan expressed hopes that the upcoming G7 meeting would offer more clues about the US President Donald Trump's foreign policy direction.

Wed, 10 May 2017 17:54:41 GMT

US, South Korea to work together on North Korea

The US President Donal Trump and the South Korean President Moon Jae-in agreed to work together on the North Korean nuclear issue in a phone cal on Wednesday.

Wed, 10 May 2017 17:00:44 GMT

Suez Canal earns Egypt $853.7M in April and March

Data released on Wednesday showed that the Suez Canal earned Egypt $853.7M in April and March, 4.1% higher than for the same period in 2016.

Wed, 10 May 2017 16:58:49 GMT

VW shareholders call for release of diesel scandal investigation report

On Wednesday, several VW shareholders urged the company to publish the results of the final investigation into its diesel emissions cheating scandal.

Wed, 10 May 2017 16:02:05 GMT

Trump defends firing of FBI Director James Comey

On Wednesday, the US President Donald Trump defended his decision to fire the FBI Director James Comey, saying that his firing was necessary to restore "public trust and confidence".

Wed, 10 May 2017 15:59:44 GMT

IMF to support third Greek bailout

The Slovak Finance Minister Peter Kazimir reported on Wednesday that the IMF would likely support Greece's third bailout.

Wed, 10 May 2017 15:16:57 GMT

US import prices jump 0.5% in April

US import prices surged 0.5% last month, compared to March's upwardly revised gain of 0.1%, while analysts anticipated a slight 0.2% rise.

Wed, 10 May 2017 15:13:04 GMT

US crude stockpiles drop more than expected last week

The EIA reported on Wednesday that US crude oil inventories dropped 5.2M in the week ending May 5, following the prior week's fall of 0.9M barrels and surpassing expectations for a 0.2M barrel decline.

Wed, 10 May 2017 14:22:54 GMT

Brazil inflation hits 10-year low in April

Brazil's annual consumer prices fell to a 10-year low of 4.08% in April, down from the prior month's 4.57%, missing market's expectations for a 4.1% surge.

Wed, 10 May 2017 14:05:11 GMT

French trade deficit narrowed to €5.4B

The French Finance Ministry reported that France's trade deficit surprisingly narrowed to €5.4B in March from the preceding month's upwardly revised €6.4B deficit.

Wed, 10 May 2017 13:33:53 GMT

Switzerland limits labour market access to Romania & Bulgaria

The Swiss authorities announced that Switzerland would limit access to the country's labour market for Romanian and Bulgarian citizens for one year as the country seeks to reduce the number of migrants.

Wed, 10 May 2017 13:25:45 GMT

EU to crackdown tech companies over unfair trading practices

The EU is eager to tackle complaints over Apple and Google tech giants' unfair trading practices, planning to prepare a digital strategy mid-term review aimed at applying strict rules in unfair contractual clauses.

Wed, 10 May 2017 12:25:09 GMT

Trump defends FBI head firing, seeking "far better" replacement

The US President Donald Trump defended the FBI director James Comey firing after his order set off a political storm, vowing he would replace Comey with a better candidate for this position.

Wed, 10 May 2017 12:11:59 GMT

Austrian Vice Chancellor resigns amid internal party rows

On Wednesday, Austria's Vice Chancellor Reinhold Mitterlehner announced about his resignation as he failed to settle internal party dispute and speculation about its future leadership.

Wed, 10 May 2017 10:51:47 GMT

German Schulz supports Macron's idea on Euro zone budget

The German SPD leader and the Chancellor Angela Merkel's rival Martin Schulz supported the idea of France's President-elect Emmanuel Macron on a common budget for the Euro zone countries to fund investment.

Wed, 10 May 2017 10:51:23 GMT

Linde and Praxair to complete merger of equals in 2018

On Wednesday, the German Linde Group CEO said that the company forecasts to complete the $70B merger of equals with the US Praxair in 2018, if talks succeed.

Wed, 10 May 2017 10:11:48 GMT

US gives Kurds heavy weapons

In an effort to increase the firepower of the Kurdish militias, which are fighting Daesh, the US have announced of a decision to arm the Kurds with large caliber weapons. The move was protested by Turkey.

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