News

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Tue, 09 May 2017 06:30:53 GMT

Elliott calls for Akzo Nobel's Burgmans dismissal

On Tuesday, Elliott Advisors stated it filed a legal claim to oust the Akzo Nobel chairman Antony Burgmans, saying that the takeover refusal offered by PPG was a violation of the Dutch corporate law and company's fiduciary duties.

Tue, 09 May 2017 06:18:02 GMT

France seeks to clear out Paris migrant camp

French police reported on Tuesday that the country's authorities intend to clear out a migrant camp in the North of Paris, saying the site houses about thousands of Afghan and African refugees.

Tue, 09 May 2017 04:59:27 GMT

Koreans vote for president

The South Korean Presidential Elections are being held on Tuesday after the former President of the country Park Geun-hye became subject to a graft scandal.

Tue, 09 May 2017 04:21:11 GMT

Meeting on Paris deal postponed in US

The decision by the US to either retreat from the Paris Climate agreement or to remain part of it was rescheduled to an unknown date due to technicalities.

Tue, 09 May 2017 04:15:58 GMT

Analysts expect Japanese current surplus to remain in red zone

A poll based on 16 analysts and carried out by Reuters showed that experts anticipate a fall to 2.643 yen in the Japanese current account surplus for March.

Tue, 09 May 2017 02:57:50 GMT

UK customers look for bargains, employers hunt workers

Surveys on Brexit impact showed that British customers are increasingly looking for bargains to offset soaring inflation, while employers suffer from a lack of available workers.

Tue, 09 May 2017 02:55:49 GMT

Japan cash wages fall 0.4% in March

The official data revealed that Japanese cash wages dropped 0.4% year-over-year in March, the strongest decline in two years, amid insufficient pay hikes.

Tue, 09 May 2017 02:09:26 GMT

Asia faces risks amid increase in protectionism

Any tightening in global monetary conditions or increase in trade protectionism makes Asia's economies to face uncertainty and risks of downside growth, the IMF said.

Tue, 09 May 2017 02:05:35 GMT

BoJ's Kuroda expects inflation to rise to 2%

Haruhiko Kuroda, the Governor of the Bank of Japan, said that he expects inflation to reach 2% target around fiscal 2018 in respond to the BoJ's intensive monetary easing.

Mon, 08 May 2017 20:12:12 GMT

US to examine Russian proposed Syrian safe zones

The US Defence Secretary Jim Mattis reported on Monday that the US would thoroughly examine Russia's proposed Syrian safe zones.

Mon, 08 May 2017 19:54:48 GMT

Trump and Macron to meet on May 25 in Brussels

The White House reported on Monday that the US President Donald Trump would meet with France's President-elect Emmanuel Macron during the May 25 NATO meeting in Brussels.

Mon, 08 May 2017 19:06:26 GMT

US Spicer says detention of another American in North Korea is "concerning"

On Monday, the White House spokesperson Sean Spicer said that detention of another American citizen by North Korea was "obviously concerning".

Mon, 08 May 2017 19:05:35 GMT

Germany seeks to strengthen business ties with Turkey

The Economy Minister of Turkey Nihat Zeybecki and Brigitte Zypries, her German counterpart, met on Monday to discuss strengthening of bilateral business and trade ties.

Mon, 08 May 2017 18:07:36 GMT

Nations call on Trump to stick to Paris Climate Treaty

On Monday, a number of nations called on the US President Donald Trump to stick to the 2015 Paris Agreement to curtail global climate change.

Mon, 08 May 2017 18:06:58 GMT

Bullard says weak growth should slow Fed's plans for rate hikes

The President of the St. Louis Fed James Bullard said the recent sluggish economic performance should undermine the Fed's plans for further interest rate hikes.

Mon, 08 May 2017 17:04:53 GMT

Malaysia's IS mastermind killed in Syria

Malaysia's most-wanted Islamic State member Muhammad Wanndy Mohamed Jedi was killed in Raqqa, Syria, on April 29, the Malaysian police confirmed on Monday.

Mon, 08 May 2017 17:04:22 GMT

French President-elect to face huge challenges

Despite allies and former opponents expressing their willingness to cooperate with Macron, the newly elected French President is set to face huge challenges on his post.

Mon, 08 May 2017 16:05:50 GMT

Goldman Sachs to make leadership changes

On Monday, Goldman Sachs announced its plans to restructure its investment-banking unit and promote Gregg Lemkau and Marc Nachmann among other moves.

Mon, 08 May 2017 16:05:17 GMT

NBC reports Obama warns POTUS against hiring Flynn

NBC reported on Monday that the former President of the US Barack Obama had warned Mr. Trump against appointing Mike Flynn for the National Security Adviser post.

Mon, 08 May 2017 15:04:42 GMT

Fed's Mester says Macron's victory alleviates some US worries

The Cleveland Federal Reserve President Loretta Mester said the outcome of the French Presidential Election eased concerns over economic turmoil harming the US economy.

Mon, 08 May 2017 15:02:44 GMT

US labour market conditions surge in April

Data released on Monday suggested that the Labour Market Conditions Index for the US soared 3.5 over the month of April from the upwardly revised 3.6 gain observed in March.

Mon, 08 May 2017 14:20:51 GMT

Austria orders Facebook to delete abusive postings

Austria's Court issued an order that Facebook must delete an insulting content of the Austrian Green party's leader from the country's platform version, despite claims to ban "hate postings" internationally.

Mon, 08 May 2017 13:56:18 GMT

Appeals Court to hear oral arguments on Trump travel ban

On Monday, Donald Trump's Administration will provide oral arguments over the revised travel ban on the six Muslim-majority countries during a scheduled hearing in the US Appeals Court.

Mon, 08 May 2017 13:26:21 GMT

Canadian housing starts dip to 214K in April

The CMHC reported on Monday that Canadian housing starts dropped to 214K units in April, while analysts anticipated a slight rise to 220K from the prior month's 253K units.

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