News

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Tue, 11 Apr 2017 21:30:06 GMT

Remitly expands to UK

Remitly, a US-based digital payment transfer service that is also backed by Amazon, expanded its activities to the UK, now providing Britons with the capability of transferring funds abroad.

Tue, 11 Apr 2017 21:19:05 GMT

Gold, Yen and US bonds rise on geopolitical turmoil

On Tuesday, due to the rising tensions between Russia and the US, as well as the recent 'pleasantry exchange' between the US and North Korea, demand for safe-haven assets edged higher, with investors attempting to minimize risk by buying gold, the Japanese Yen and US Treasury bonds.

Tue, 11 Apr 2017 20:15:53 GMT

France revises up 2017 public deficit target

France revised its 2017 public deficit target to 2.8% of GDP from 2.7% stated in its draft budget proposal to be submitted to the European Commission on Wednesday, sources close to the matter reported.

Tue, 11 Apr 2017 20:13:51 GMT

Trump hints at Dodd-Frank revamp

The US President Donald Trump said on Tuesday that the White House was working on revamping the 2010 Dodd-Frank Wall Street reform law.

Tue, 11 Apr 2017 18:56:26 GMT

Bank of Italy says local banks need more time to get rid of bad loans

The Bank of Italy Governor Ignazio Visco said on Tuesday that Italian bank should be allowed to sell their bad loans in a "reasonable" amount of time.

Tue, 11 Apr 2017 18:53:14 GMT

Altice USA files for $2B IPO

On Tuesday, Altice USA, formed from the acquisition of Cablevision Systems and Suddenlink Communications, filed for an IPO that could raise up to $2B.

Tue, 11 Apr 2017 18:01:27 GMT

UCH shares plunge amid passenger-dragging scandal

Shares of United Continental Holdings dropped around 4.4% on Tuesday after the passenger-dragging scandal emerged.

Tue, 11 Apr 2017 18:00:01 GMT

North Korea threatens US with nuclear attack

North Korea's media reported on Tuesday that the government would launch a nuclear attack against the US at any signs of aggression.

Tue, 11 Apr 2017 17:08:38 GMT

San Francisco Fed's Williams eyes more rate hikes in 2017

In an interview with the German Borsen Zeitung, the President of the San Francisco Fed said he expected the Central Bank to increase interest rates three to four times in 2017.

Tue, 11 Apr 2017 17:08:17 GMT

Huawei seeks to strengthen its position in public cloud service race

The Shenzhen-based networking and telecommunications company Huawei said it sought to compete with Alibaba and Amazon in a public cloud service push. 

Tue, 11 Apr 2017 16:03:03 GMT

Eric Trump says decision to strike Syria influenced by Ivanka

Eric Trump told The Daily Telegraph that his "heartbroken and outraged" by the poison gas attack sister Ivanka had influenced the decision on the US President to strike Syria.

Tue, 11 Apr 2017 16:02:37 GMT

Le Pen and Macron tied in neck-and-neck presidential race

According to an Elabe poll, the far-right Marine Le Pen and the centrist Emmanuel Macron are set to be the leaders of the first round vote in the French Presidential Election.

Tue, 11 Apr 2017 15:06:27 GMT

JOLTS February job openings top economists' expectations

The US Bureau of Labour Statistics reported that job openings surged to 5.74M over the month of February, beating analysts' expectations for a 5.59M reading.

Tue, 11 Apr 2017 15:05:57 GMT

EU extends sanctions against Iran for human rights infringement

On Tuesday, the European Union prolonged by a year its sanctions against the Islamic Republic of Iran over alarming violations of human rights.

Tue, 11 Apr 2017 14:33:32 GMT

Putin expects toxic gas attacks faking to discredit Assad

On Tuesday, the Russian President Vladimir Putin stated that he was expecting the US to hit Syria with new missile strikes and fake toxic gas attacks there with intention to discredit Syria's President Bashar al-Assad.

Tue, 11 Apr 2017 14:16:33 GMT

Trump not to meet Pope during Italy G7 summit

According to the sources familiar with the matter, the US President Donald Trump is not likely to meet Pope Francis in May during the Italy G7 summit; the case that diplomats find highly unusual.

Tue, 11 Apr 2017 13:34:09 GMT

Obama to visit Germany for Protestantism celebrations

The ex-US President Barack Obama is eager to visit Berlin in May with intention to join the Protestant Reformation celebrations together with the Chancellor Angela Merkel, as the event also coincides with the NATO summit on May 25.

Tue, 11 Apr 2017 13:23:55 GMT

Russia concerned US may attack North Korea

Russia is seeking to have productive talks with the US State Secretary Rex Tillerson on Wednesday, but stated it was strongly preoccupied that the United States may independently attack North Korea.

Tue, 11 Apr 2017 12:31:11 GMT

Two Russian soldiers die in Syrian mortar attack

On Tuesday, the Defence Ministry of Russia reported about two of its military members who were killed in Syria's mortar attack launched by a militant group.

Tue, 11 Apr 2017 12:23:10 GMT

Merkel gets support from 47% young German voters

According to the Forsa Institut poll, 47% of German voters aged 18-21 and 43% among all the potential voters back the Chancellor Angela Merkel, comparing to 29% of the young voters and 32% in total for Martin Schulz.

Tue, 11 Apr 2017 11:32:35 GMT

US expects Russia to abandon support of Assad

On Tuesday, the US State Secretary Rex Tillerson stated that the United States had high hopes on Russia to abandon the support of Syria's President Bashar al-Assad following the latest chemical attack situation.

Tue, 11 Apr 2017 11:10:00 GMT

Chinese LeEco crumbs $2B acquisition deal with US Vizio

China's conglomerate LeEco crumbed a planned $2B deal to acquire the US TV maker Vizio amid the regulatory issues, but declined to provide any further details.

Tue, 11 Apr 2017 09:59:58 GMT

Euro zone industrial production falls in February

On Tuesday, Eurostat reported that industrial output in the Euro zone dropped 0.3% month-over-month in February, but climbed 1.2% on a yearly basis.

Tue, 11 Apr 2017 09:59:00 GMT

BIS says central banks should prepare for policy normalisation

The Head of the Bank for International Settlements Jaime Caruana said on Tuesday that central banks should be ready for monetary policy normalisation.

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