News

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Thu, 30 Aug 2018 14:02:02 GMT

Campbell Soup sells units

Campbell Soup, after investor pressure, on Thursday revealed that the company intends to sell its international, fresh refrigerated foods units.

Thu, 30 Aug 2018 13:19:38 GMT

Oil producers intend to formalize oil policy

OPEC and other oil producing countries are aiming to formalize their long lasting cooperation later in 2018 by approving a further cooperation charter.

Thu, 30 Aug 2018 13:04:08 GMT

Canadian economic growth remains unchanged

The monthly GDP growth of Canada in August did not change, compared to July. Although, the annualized growth rate still remains at 2.9%.

Thu, 30 Aug 2018 13:03:02 GMT

US jobless claims rise

The weekly US jobless claims number increased throughout last week. Namely, the number increased by 3,000, compared to previous week.

Thu, 30 Aug 2018 12:14:54 GMT

Dollar continues its decline

By the middle of Thursday's trading session the US Dollar continued to lose value against the rest of the major currencies.

Thu, 30 Aug 2018 12:14:19 GMT

Abercombie & Fitch miss sales estimates

Abercombie and Fitch Company have missed their quarterly same-store earnings estimates. Analysts blame lower demand for teenager apparel and surfwear.

Thu, 30 Aug 2018 10:55:54 GMT

China navy chief to visit US in September

On Saturday, the defence ministry of China claimed that the head of China's navy Shen Jinlong would visit the US in September despite the escalating trade tensions between two countries. 

Thu, 30 Aug 2018 10:44:06 GMT

France: EU needs strategic relationships with Russia and Turkey

On Thursday, the President of France Emmanual Macron claimed that the EU needs to establish strategic relationships with Turkey including defence questions and to modernise its relationships with Russia.

Thu, 30 Aug 2018 10:30:11 GMT

Japan: protectionist policies harm everyone

On Thursday, the Minister of Finance of Japan Taro Aso claimed that inward-looking policies and protectionists measures in response to trade tensions are not beneficial and harm all sides of the trade conflict.

Thu, 30 Aug 2018 10:26:08 GMT

Campbell Soup to sell international business and fruits units

On Thursday, Campbell Soup Co claimed that it is planning to sell its fresh-refrigerated food and international business units, following the pressure from the investors to sell the company. 

Thu, 30 Aug 2018 09:26:02 GMT

Zarif meets with Erdogan

The Foreign Minister of Iran Mohammad Javad Zarif met on Thursday with Turkish President Recep Tayyip Erdogan in Ankara to discuss widely expected offensive in Northern Syria by Assad's army.

Thu, 30 Aug 2018 09:21:04 GMT

France calls for cooperation with Russia on defence matters

The President of France Emmanuel Macron stated on Thursday that the European Union must establish and maintain strategic relations with Russia on defence matters, thus ensuring greater sustainability on the continent.

Thu, 30 Aug 2018 08:39:02 GMT

Scholz expects movement of Euro clearing to Frankfurt

The Finance Minister of Germany Olaf Scholz stated on Thursday he expected that a major part of Euro clearing would gradually move to continental Europe and Frankfurt.

Thu, 30 Aug 2018 08:34:38 GMT

Shen Jinlong to visit US

The China's Defence Ministry stated on Thursday that its Navy commander Shen Jinlong will make an official visit to the United States next month to discuss escalating trade tensions between two countries.

Thu, 30 Aug 2018 07:03:33 GMT

Pound remains stable after EU offers UK a post-Brexit relationship

The Pound Sterling remained stable in the Asian session on Thursday after the European Union offered Britain a post-Brexit partnership.

Thu, 30 Aug 2018 07:03:19 GMT

Hyundai to exports China-made vehicles to Southeast Asia

According to reports, Hyundai Motors Co planned to exports China-made vehicles to Southeast Asia.

Thu, 30 Aug 2018 06:22:38 GMT

Asia shares retrace amid China-US trade war

Asian shares pullback earlier gains and decline on Thursday, with Chinese markets, focused heavily on risks from the US-China trade tensions.

Thu, 30 Aug 2018 06:20:00 GMT

Thais struggle to keep up, as debt levels rises

Thailand citizens are struggling to pay off their banks loan amid increased in the country's debt, amounting to $372 billion.

Thu, 30 Aug 2018 05:04:22 GMT

Vodafone, TPG Telecom merge to take on rivals

Australia's TPG Telecom accepted a merger with Australian business of Vodafone Group, easing competition in the throat sector and buying scale to take on rivals Optus and Telstra Corp.

Thu, 30 Aug 2018 05:00:46 GMT

Panasonic to move EU headquarters to Amsterdam

Panasonic Corp is expected to move European headquarters to Amsterdam from London in October to avoid possible tax issues related to Brexit, the Nikkei Asian Review stated.

Thu, 30 Aug 2018 04:32:31 GMT

Salesforce forecasts quarterly profit below projections

Salesforce.com forecast profit for the current quarter below analysts' estimates, as the company invests heavily to encourage sales and fend off increasing competition.

Thu, 30 Aug 2018 04:22:53 GMT

Dyson outlines plans for EV test track

James Dyson, the UK inventor of the bagless vacuum cleaner, outlined plans to create new testing facilities and invest $150M to develop an electric vehicle to be launched by 2020.

Thu, 30 Aug 2018 03:30:36 GMT

Apple acquires startup making lenses for AR glasses

Apple bought a startup aimed at producing AR glasses' lenses, with ambitions to make a device that would be capable of superimposing digital information on the real world.

Thu, 30 Aug 2018 03:24:22 GMT

PayPal announces partnership with Itaú Unibanco

Digital payments firm PayPal announced its partnership with Itaú Unibanco Holding, Brazil's biggest private lender, to provide services to the Bank's card clients.

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