News

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Sat, 08 Sep 2018 06:18:46 GMT

Umm Qasr port opens after protests

The main seaport of Iraq reopened during the night between Friday and Saturday after being closed down due to protesters blocking the entrance.

Sat, 08 Sep 2018 06:17:35 GMT

Go-Jek invests in online media

Indonesian online payments and ride-hailing company Go-Jek announced plans to invest in Kumparan, which is an online media start up.

Sat, 08 Sep 2018 04:55:15 GMT

US recalls diplomats over Taiwan's recognition

On Friday, the United States recalled their diplomats from Dominican Republic, Panama and El Salvador because these countries no longer acknowledge Taiwan as a sovereign country.

Sat, 08 Sep 2018 04:55:06 GMT

US corporate profits are expected to grow

On Friday, a report published by Reuters stated that the revenue growth of the S&P 500 companies is the fastest since 2011.

Sat, 08 Sep 2018 04:24:12 GMT

Tesla shares plummet

The share price of Tesla Inc dropped by almost nine percent, as the company's Chief Accounting Officer quit after being in the positions only for a month.

Sat, 08 Sep 2018 04:23:24 GMT

Chinese diplomats will visit Pakistan

On Saturday, the government of China sent its top diplomats to Pakistan for a high level meeting with Pakistan's new Prime Minister.

Sat, 08 Sep 2018 02:54:16 GMT

Amazon to open second check-out free store

On Friday, Amazon.com Inc claimed that it is planning to open a second check-out free Amazon Go store in New York after opening the first store from the chain in Seattle in 2018.

Sat, 08 Sep 2018 02:54:01 GMT

Alibaba co-founder Jack Ma to resign on Monday

On Friday, the New York Times reported that a co-founder and executive chairman of Chinese e-commerce giant Alibaba Jack Ma is planning to resign on Monday to focus on philanthropy.

Sat, 08 Sep 2018 02:23:05 GMT

Japan and US start trade negotiations

On Friday, the US President Donald Trump claimed that Japan and US have started negotiations over the new trade agreement between two states, underlying the importance of the trade deal for Tokyo.

Sat, 08 Sep 2018 02:18:40 GMT

Apple: lot of products to be hit by tariffs on China

On Friday, Apple Inc told the US trade officials that a wide range of Apple products, including Apple Watch, would be hit by a new set of proposed US tariffs on goods from China.

Fri, 07 Sep 2018 20:03:27 GMT

Trump opens for an interview with special counsel

On Friday, the US President Donald Trump said that he is ready to sit down for an interview with special counsel Robert Mueller about Russian collusion with his election campaign under certain conditions.

Fri, 07 Sep 2018 20:02:09 GMT

Kaplan says trade fight with China is right

On Friday, the US Federal Reserve Bank President Robert Kaplan said that battling with China on trade is the right fight.

Fri, 07 Sep 2018 19:23:55 GMT

Barnes and Noble shares surges over possible sale of the company

On Friday, Barnes and Noble Inc shares surged by 21% after investor Richard Schottenfeld said that he had discussed a potential sale of the company with its founder.

Fri, 07 Sep 2018 19:19:54 GMT

Tesla executive resigns

On Friday, Tesla Inc said its Chief Accounting Officer Dave Morton has resigned after a month stint.

Fri, 07 Sep 2018 18:19:59 GMT

Wall Street declines after Trump threatens further tariffs on Chinese imports

On Friday, the S&P 500 and the Dow Jones edged lower after the US President Donald Trump threatens further tariffs worth of $267 billion on Chinese imports.

Fri, 07 Sep 2018 18:19:39 GMT

US and Japan begin trade talks

On Friday, the US President Donald Trump said that the United States and Japan had started talks on trade.

Fri, 07 Sep 2018 17:01:44 GMT

Italy FinMin attempts to reassure EU on debt, deficit

Valdis Dombrovskis, the Vice President of the European Commission, stated that Italy understood that it should cut the structural deficit and reduce public debt in the country's 2019 budget, after talks with the Finance Minister Giovanni Tria.

Fri, 07 Sep 2018 17:01:16 GMT

US should adopt British style bank mortage curbs, risk buffers

The United States should deploy tools to tackle banks' excessive risk-taking and unwise mortgage lending, following the example of the Bank of England, Donald Kohn , the former Fed Vice Chairman, stated.

Fri, 07 Sep 2018 15:56:38 GMT

ECB reveals need for EU agency to tackle money laundering

Benoit Coeure, the ECB Board Member, stated that Europe needs an agency to combat money laundering, following cases at the EU banks, which exposed gaps in the ability of the bloc to prevent financial crime.

Fri, 07 Sep 2018 15:56:22 GMT

ExxonMobil, China discuss $10B investment in Guangdong

Executives of ExxonMobil and China's officials discussed a $10B investment by the US-based company in the province of Guangdong, China's state TV report showed.

Fri, 07 Sep 2018 15:18:28 GMT

US wages grow by strongest since 2009

The US Labor Department's employment report revealed that wages marked the largest yearly gain in the nine-year period of 2.9% in the month of August.

Fri, 07 Sep 2018 15:15:42 GMT

US job growth accelerates in August

The US Labour Department reported that the country's non-farm payrolls added 201K in August, fulled by hiring at wholesalers, professional and business services and construction sites.

Fri, 07 Sep 2018 14:27:53 GMT

Third Point seeks to reorganise Campbell Soup's board

Third Point, the hedge fund of the activist investor Daniel Loeb stated on Friday it was looking at replacing Campbell Soup's entire board, already nominating a slate of new directors.

Fri, 07 Sep 2018 14:03:42 GMT

Italy's Generali considers buying France's Syncomore

Assicurazioni Generali, the Italian largest insurer, stated it had been in talks to acquire the majority of France's investment company Sycomore and form a partnership.

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