News

Note: This section contains information in English only.
Wed, 21 Feb 2018 20:06:31 GMT

Britain wants to discuss length of post-Brexit transition with EU

The British government would like to discuss the length of Brexit transition period with the EU, believing that two years will be enough to finalise all agreements.

Wed, 21 Feb 2018 19:03:18 GMT

Kashkari: Fed cannot make policy decisions on "market blips"

The Minneapolis Fed President Neel Kashkari stated on Wednesday that the Federal Reserve could not make policy decisions on market overreactions.

Wed, 21 Feb 2018 19:02:32 GMT

Priceline Group becomes Booking Holdings

On Wednesday, travel fare aggregators and metasearch engines' owner Priceline Group said it was changing its official name to Booking Holdings starting from today.

Wed, 21 Feb 2018 18:02:55 GMT

US January home resales slip 3.2%

According to the data released by the US National Association of Realtors, home resales in the country plummeted 3.2% in January, registering the second straight slump.

Wed, 21 Feb 2018 18:02:18 GMT

UK public sector net borrowing dips

The US Office for National Statistics said on Wednesday that the country's public sector net borrowing dropped by £7.2B to £37.7B in the current financial year-to-date.

Wed, 21 Feb 2018 17:05:20 GMT

British unemployment rate at 4.4% in December

The UK unemployment rate came in at 4.4%, rising at the fastest rate in nearly five years on the back of a surge in unemployment among those under the age of 24.

Wed, 21 Feb 2018 17:05:07 GMT

UK December average earnings hit forecast

Data released by the US Office for National Statistics revealed that average weekly earnings in the country were up 2.5% in December, hitting the forecast.

Wed, 21 Feb 2018 16:07:17 GMT

French February manufacturing PMI disappoints

According to the data released by Markit today, the French flash manufacturing PMI for February now stands at 56.1, 2 points lower than the forecast.

Wed, 21 Feb 2018 16:06:56 GMT

German flash services PMI drops to 55.3

Markit reported on Wednesday that its February flash services PMI for Germany dropped to 55.3 points, missing analysts' expectations for a 56.9-point reading.

Wed, 21 Feb 2018 15:35:07 GMT

Moovit lifts $50M in Intel's investment round

The public transit app Moovit announced on Wednesday it had raised $50M in Intel's investment round, bringing its total lifted to $133M.

Wed, 21 Feb 2018 15:29:53 GMT

Broadcom lowers Qualcomm bid to $117B

On Wednesday, Broadcom has cut the Qualcomm takeover offer to $117B from the previous $121B, the next day after the US chipmaker had lifted its own bid for NXP Semiconductors.

Wed, 21 Feb 2018 14:32:15 GMT

Trade unions at Skoda reject carmaker's wage offer

Trade Unions at VW's Skoda Auto rejected the Czech carmaker's latest offer on wage increase, according to the unions' statement on Wednesday.

Wed, 21 Feb 2018 14:27:39 GMT

US Intel plans to invest $5B in Israeli plant

The US Intel Corp was planning $5B investment into the Kiryat Gat factory, aiming to expand its production in the Southern Israel, the country's Economy Minister Eli Cohen stated on Wednesday.

Wed, 21 Feb 2018 13:33:44 GMT

VW reaches deal on wages, pension with Germany

Volkswagen has finally agreed on the German deal to lift the wages of about 120K workers by 4.3% starting from May and improved its corporate pension scheme.

Wed, 21 Feb 2018 13:28:50 GMT

Ex-IS financial official arrested in Lebanon

On Wednesday, the Lebanon arrested a man, who the country's authorities believed was a former Islamic State financial official in Syria, according to a security source.

Wed, 21 Feb 2018 12:09:03 GMT

Bosch buys US rise services firm, creates new division

The German Robert Bosch started a new division on Wednesday, as it seeks expansion in the markets for connected cars and ride services, following an acquisition of a small US ride services firm.

Wed, 21 Feb 2018 11:59:44 GMT

Daimler to launch eActros truck production in 2021

On Wednesday, Daimler stated it sought launching serial production of the electric heavy truck eActros with a 200 km range in 2021.

Wed, 21 Feb 2018 10:57:51 GMT

Qatar finds new ally

After Qatar had a fall out with the rest of the Arab countries, the Middle Eastern state has restored its diplomatic ties with Chad.

Wed, 21 Feb 2018 10:57:20 GMT

Final Trans-Pacific deal gets released

The final version of the long discussed Trans-Pacific trade deal has been published. The pact has been moving forward even after the US leaving the group of countries, which are developing it.

Wed, 21 Feb 2018 10:32:57 GMT

South Africa to start investigation into mines minister

The South African Parliament is planning to launch an inquiry into the influence-peddling allegations against the mines minister Mosebenzi Zwane.

Wed, 21 Feb 2018 10:28:57 GMT

EU Commission names Juncker Cabinet's head as Secretary General

On Wednesday, the EU Commission appointed Martin Selmayr, the chief of the President Jean-Claude Juncker's Cabinet, as a new Commission's Secretary General.

Wed, 21 Feb 2018 09:33:14 GMT

Singapore inflation remains on hold in January

According to the Reuters poll, the headline January inflation rate in Singapore was likely unchanged, compare to the prior month's reading, while its annual core inflation was slightly up.

Wed, 21 Feb 2018 09:27:32 GMT

US home appliance deliveries slide 0.5% y/y in January

The industry body AHAM reported on Tuesday that the home appliance shipments in the United States plunged 0.5% y/y in January.

Wed, 21 Feb 2018 08:30:36 GMT

Temenos agrees to acquire UK software firm Fidessa

On Wednesday, the Swiss banking software firm Temenos stated it had agreed to buy the British financial software house Fidessa Group in a deal worth about $1.96B.

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