News

Note: This section contains information in English only.
Thu, 01 Feb 2018 17:50:50 GMT

US manufacturing activity weakens in January

The Institute for Supply Management stated that the US manufacturing activity slowed in January due to a decrease in new orders.

Thu, 01 Feb 2018 17:50:11 GMT

GM auto sales in Canada grow 12.4% in January

General Motors announced that the company's total auto sales in Canada increased 12.4% over the course of January from a year ago.

Thu, 01 Feb 2018 16:53:39 GMT

UPS quarterly profit reduced after holiday shipping

United Parcel Service stated that the company's earnings in Q4 were affected by higher costs, as shipping volumes rose markedly through the holiday season.

Thu, 01 Feb 2018 16:53:01 GMT

Canada's manufacturing sector grows strongly in January

Canadian manufacturing PMI was registered at nine-year high of 55.9 in January, owing to stronger increases in new orders and employment.

Thu, 01 Feb 2018 16:10:55 GMT

US worker productivity falls by 2017 end

The Labour Department stated that the US non-farm productivity slumped seasonally adjusted 0.1% year-on-year in the December quarter of 2017.

Thu, 01 Feb 2018 16:10:07 GMT

UK manufacturing PMI at seven-month low in January

The Markit/CIPS report showed that the UK manufacturing PMI fell to 55.3 in January, the weakest level in seven months, affected by the economy's weakness ahead of Brexit.

Thu, 01 Feb 2018 15:11:08 GMT

US third-ranking diplomat Shannon resigns

On Thursday, the Associated Press stated that the third-ranking diplomat of the US State Department Tom Shannon is set to step down, referring to his personal reasons, not political.

Thu, 01 Feb 2018 15:08:47 GMT

France aims to fill out all official forms online by 2022

France aims to make all paperwork online by 2022, allowing people to fill out 100% of official forms via Internet, the French government stated in a review of public spending on Thursday.

Thu, 01 Feb 2018 14:18:50 GMT

Austria's FPO official steps down amid neo-Nazi row

On Thursday, a high-ranking politician from the Austrian Freedom Party resigned amid pressure over his links to a group that is deemed to be neo-Nazis.

Thu, 01 Feb 2018 14:09:22 GMT

US jobless claims fall 1K last week

The number of applications for US unemployment benefits slipped 1K to 230K in the week ending January 27, missing analysts' forecasts for a rise to 237K.

Thu, 01 Feb 2018 13:33:03 GMT

Time Warner reports 9% rise in Q4 revenue

On Thursday, Time Warner stated its Q4 revenue surged 9% to $8.61B from $7.89B, boosted by success of the latest superhero movie called "Justice League".

Thu, 01 Feb 2018 12:55:59 GMT

Blackstone's Q4 economic net income tops forecasts

On Thursday, Blackstone reported that its Q4 economic net income jumped 5% year-on-year to $850M or $0.71 per share, beating analysts' estimates for $0.67 per share.

Thu, 01 Feb 2018 12:04:28 GMT

Ford's Chariot minibus service to be launched in sixth US city

Ford is planning to start the Chariot minibus service in another US city in the nearest future, in addition to NYC, San Francisco, Seattle, etc., and following its successful London launch this week.

Thu, 01 Feb 2018 12:02:38 GMT

MPs to leave Palace of Westminster amid renovation works

British lawmakers are set to quit the Palace of Westminster for no less than six years as a multi-billion pound renovation takes place; the first time MPs are leaving the building en masse since the WWII.

Thu, 01 Feb 2018 11:01:59 GMT

GS raise their oil price forecast

Goldman and Sachs have raised their crude oil forecasts, explaining that oil markets have balanced six months earlier than expected.

Thu, 01 Feb 2018 11:01:04 GMT

Equities rise on Thursday

After a snapping decline at the end of January world stocks began February by rising in the European and Asian sessions.

Thu, 01 Feb 2018 09:54:49 GMT

Nokia beats Q4 estimates boosted by patent payment

On Thursday, Nokia reported a better-than-expected Q4 EBIT that surged 7% from the last year to €1.0B, topping analysts' expectations of €888M, and driven by Huawei's one-off patent payment.

Thu, 01 Feb 2018 09:54:39 GMT

Azeri President Aliyev to run for re-election in October

The Azeri President Ilham Aliyev was nominated as a candidate for the Presidential election to run for the fourth term in October, the ruling party's executive secretary announced on Thursday.

Thu, 01 Feb 2018 09:12:08 GMT

Hong Kong on alert amid surge in ATM withdrawals

ATM cash withdrawal in Hong Kong surpassed, prompting inspection from the banking industry, monetary authorities and police, as withdrawals reached up to thousands of dollars from 50 cards a clip.

Thu, 01 Feb 2018 08:52:24 GMT

British minister seeks to denounce PM May

According to some news outlets, an unidentified British minister outside the Cabinet is preparing to denounce the Prime Minister Theresa May and resign in protest against her leadership.

Thu, 01 Feb 2018 08:31:51 GMT

Shell's profit more than doubles in 2017

Royal Dutch Shell reported on Thursday its 2017 profit more than doubled to $16B, driven by stronger gas and oil prices and production.

Thu, 01 Feb 2018 07:32:11 GMT

Celltrion's shares drop amid US FDA warning letter

On Thursday, shares in South Korea's Celltrion plunged 5% after receiving a Food and Drug Administration's warning letter from the United States regarding the company's pharma stocks.

Thu, 01 Feb 2018 07:27:49 GMT

Sears stands off up to 220 employees

Sears Holdings, a struggling US retailer, has laid off around 220 of its employees at Hoffman Estates headquarters, following the company's restructuring plan as it seeks to regain profitability.

Thu, 01 Feb 2018 06:28:48 GMT

Microsoft sees cloud computing business growth

Microsoft beat Wall Street's profit estimates, as the company's cloud computing business expanded, but took a one-time charge of $13.8B due to the new US tax law.

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