News

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Fri, 16 Feb 2018 06:24:00 GMT

Japan's Aso warns against Yen gains

On Friday, the Japanese Minister of Finance Taro Aso warned against a rise in the Yen, adding he would react suitably to currency fluctuations.

Fri, 16 Feb 2018 05:27:21 GMT

Kuroda reappointed as BoJ head

On Friday, Japan reappointed Haruhiko Kuroda for the Bank of Japan Governor's position for another term, signalling the CB will be in no rush to trim its stimulus programme.

Fri, 16 Feb 2018 05:26:33 GMT

Mercado Libre to open two distribution centres in Mexico

The Latin American e-commerce company Mercado Libre unveiled its plan to open two big distribution centres in the state of Mexico in an attempt to better the firm's logistics in the country.

Fri, 16 Feb 2018 04:23:18 GMT

Google to buy Xively for $50M

Google announced plans to acquire Xively for $50M, aiming to take over sales from businesses managing an increasing number of internet-connected devices.

Fri, 16 Feb 2018 04:21:32 GMT

RBA Lowe sees inflation, jobs to decide over next rate increase

The RBA Governor Philip Lowe stated that the timing of the RBA first rate hike since 2010 would depend on the progress in returning inflation nearer to the bank's target and lowering unemployment.

Fri, 16 Feb 2018 03:21:04 GMT

Japanese cryptocurrency industry to form self-regulatory body

Sources close to the matter reported on Friday that two Japanese cryptocurrency industry organisations were planning to merge to create a self-regulatory body.

Fri, 16 Feb 2018 03:13:44 GMT

US regulators reject sale of CHX to China-led group

On Thursday, US regulators rejected the sale of the Chicago Stock Exchange to a group led by Chinese investors.

Thu, 15 Feb 2018 20:56:38 GMT

Airbus revenue pushes stock to new highs

Airbus stock increased more than 10% on Thursday, the biggest gain in five years, after the company announced strong performance in 2017.

Thu, 15 Feb 2018 20:55:37 GMT

US regulator warns of crypto currency "pump-and-dump" schemes

The US derivatives regulator warned investors about possible crypto currency "pump-and-dump" schemes that target retail investors by inflating token prices through spreading fake information.

Thu, 15 Feb 2018 20:37:13 GMT

IDB ready to loan Iraq $500M

The Islamic Development Bank is ready to finance Iraq infrastructure projects with $500M, the President Bandar Hajjar says.

Thu, 15 Feb 2018 20:36:31 GMT

Boeing CEO: "getting closer" on deal with Embraer

Boeing is "getting closer" to a deal with the Brazilian plane maker Embraer, the Chief Executive Officer Dennis Muilenburg says.

Thu, 15 Feb 2018 19:18:48 GMT

Ireland, Britain to restore Northern Ireland talks

The Irish and British governments want to re-establish talks on Northern Ireland, the Irish Foreign Minister Simon Coveney says.

Thu, 15 Feb 2018 19:17:03 GMT

AbbVie to repurchase $10B of shares, increase dividend

AbbVie, a pharmaceutical company, plans to repurchase $10B of stock and increase its quarterly dividend, the company says.

Thu, 15 Feb 2018 18:32:16 GMT

Japan to nominate Wakatabe as BOJ deputy governor

The Japanese government plans to nominate economist Masazumi Wakatabe as the deputy governor at the Bank of Japan.

Thu, 15 Feb 2018 18:30:34 GMT

Bitcoin gets above $10,000

Bitcoin increased above $10,000 on Thursday, the highest level in more than two weeks.

Thu, 15 Feb 2018 15:52:02 GMT

Number of cryptocurrency hedge funds climbs since October

The number of hedge funds that focus on cryptocurrency trade soared to 226, compared to 111 companies four months ago, the research firm Autonomous NEXT reported on Thursday.

Thu, 15 Feb 2018 15:51:53 GMT

Oil prices fall below $64 amid increased supply from US

Oil prices fell below $64 per barrel on Thursday, as a record increase in US output and inventories offset Saudi Arabia's comments about more supply cuts from OPEC.

Thu, 15 Feb 2018 15:33:44 GMT

Beiersdorf seeks for new Finance Chief

On Thursday, the Nivea maker Beiersdorf stated it was planning to replace the current Finance Chief Jesper Andersen after his contract with the company would expire in June, not providing further details.

Thu, 15 Feb 2018 15:26:30 GMT

US jobless claims rise 7K last week

The US Department of Labour reported that unemployment claims were up 7K, hitting the 230K mark in the week ended February 10, and topping analysts' expectations.

Thu, 15 Feb 2018 13:52:05 GMT

EU calls on social media to bring user terms in line with law

The European justice commissioner urged Google, Twitter and Facebook to put more efforts in trying to bring the social media platforms' user terms in compliance with the EU law.

Thu, 15 Feb 2018 13:51:31 GMT

Ethiopia's Hailemariam to resign as coalition chairman

On Thursday, the Prime Minister of Ethiopia Hailemariam Desalegn announced he had submitted the resignation as the ruling coalition's chairman and the premier.

Thu, 15 Feb 2018 11:52:40 GMT

Turkey seeks Kurdish YPG removing from SDF

The Turkish Defence Minister Nurettin Canikli told his US counterpart Jim Mattis on Thursday that Syria's Kurdish YPG must be excluded from the Syrian Democratic Forces.

Thu, 15 Feb 2018 11:52:30 GMT

Airbus considers lifting A350 jet production

Airbus CEO Tom Enders stated the planemaker was eager to decide within the year whether to raise the A350 jet output, together with plans to increase the production of its single-aisle aircraft.

Thu, 15 Feb 2018 11:24:34 GMT

Burberry teams up with Farfetech

British Burberry will pair up with retailer Farfetech to offer its products to online shoppers in 150 countries.

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