News

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Thu, 21 Dec 2017 18:51:23 GMT

Philly Fed PMI rises unexpectedly in December

The Philly Fed reported on Thursday that its PMI for the region came in at 26.2 in December, up from the preceding month's 22.7, while analysts anticipated a slight decrease to 21.5.

Thu, 21 Dec 2017 18:50:46 GMT

Canadian retail trade improves in October

Official data released on Thursday showed that Canadian core retail sales jumped 0.8% in October, following the prior month's upwardly revised gain of 0.4%.

Thu, 21 Dec 2017 18:30:05 GMT

US economy grows at 3.2% rate in Q3

The Bureau of Economic Analysis reported that the US economy expanded at a 3.2% annual rate in the September quarter, slightly below the prior estimate.

Thu, 21 Dec 2017 18:29:17 GMT

Canadian inflation remains weak last month

Statistics Canada reported that headline consumer prices rose 0.3% in November, whereas core consumer prices dropped 0.1%.

Thu, 21 Dec 2017 16:51:18 GMT

Royal Dutch Shell to purchase UK's First Utility

Royal Dutch Shell Plc is set to buy First Utility, a British supplier of gas and electricity, in an attempt to expand its UK market, the company explained on Thursday.

Thu, 21 Dec 2017 16:50:37 GMT

Mexico's inflation reaches 6.69% year-on-year in December

Mexico's annual inflation reached 6.69% early in December, thus putting negative pressure on the country's central bank to keep borrowing costs at high levels.

Thu, 21 Dec 2017 15:55:15 GMT

EIB grants €32M to Krakow

The European Investment Bank has granted two loans worth around €32M to the Polish city of Krakow on Thursday in order to improve its infrastructure and living standards.

Thu, 21 Dec 2017 15:54:36 GMT

Finma says JPMorgan breached AML rules when dealing with 1MDB

The Swiss Financial Market Supervisory Authority said on Thursday that JPMorgan Chase & Co's unit in Switzerland had breached anti-money laundering rules when dealing with 1MDB.

Thu, 21 Dec 2017 15:30:51 GMT

Nestle seeks to sell US confectionery unit in Q1

Nestle expects selling its US confectionery business in the Q1 of 2018 amid the company's intention to explore some business strategic options, which made it to divest the unit.

Thu, 21 Dec 2017 15:19:30 GMT

Mexico and EU near new free trade agreement

Mexico and the European Union are about to reach a free trade agreement, after the both side resolve some issues like hammering out the agriculture access, they stated on Thursday.

Thu, 21 Dec 2017 14:35:24 GMT

Nokia signs smartphone patent licence deal with Huawei

Huawei and Nokia clinched a smartphone patent license patent accord with the Chinese Huawei, the companies stated on Thursday.

Thu, 21 Dec 2017 14:25:21 GMT

US initial jobless claims jump 20K last week

The number of applications for US unemployment benefits surged 20K to 245K in the week ending December 16, topping analysts' expectations for a 232K rise.

Thu, 21 Dec 2017 13:32:34 GMT

France's Foreign Minister arrives in Libya

The French Foreign Minister Jean-Yves Le Drian has visited Libya in a new push for the United Nations talks, saying its rival factions had to stick to the UN to prepare for the 2018 elections.

Thu, 21 Dec 2017 13:13:49 GMT

EASA urges airlines to replace Rolls-Royce engines

The EU Aviation Safety Regulator ordered the airlines to replace about 1K of Rolls-Royce Trent engines on the aircraft amid suspicion some of the components have got corroded.

Thu, 21 Dec 2017 12:00:00 GMT

Israeli Netanyahu describes UN as 'house of lies'

The Israeli PM Benjamin Netanyahu called the United Nations 'house of lies' right ahead of the vote on a draft verdict urging the US to annul the Jerusalem recognition as Israel's capital.

Thu, 21 Dec 2017 11:59:46 GMT

Car attack in Melbourne injures 14

On Thursday, a car that had rammed into the crowd of pedestrians in Australia's city of Melbourne hurt at least 14 people, the police reported, saying the driver and a suspect were arrested.

Thu, 21 Dec 2017 11:02:55 GMT

Bank of Greece: Greece, lenders need to discuss post-bailout plans

According to a report by the Bank of Greece, the country and its lenders should clarify the need and conditions for a ‘precautionary support programme' after the bailout ends.

Thu, 21 Dec 2017 11:00:25 GMT

Japan estimates annual 1% boost in GDP from free trade deal with EU

Japan's Cabinet Office showed on Thursday that a free trade agreement with the European Union would increase the country's GDP by 1% annually within the following 10-20 years.

Thu, 21 Dec 2017 10:28:38 GMT

BNY Mellon freezes $22B in assets held by Kazakhstan

The Bank of New York Mellon froze $22B in Kazakhstan's assets amid a lawsuit filed by a Moldovan businessman Anatolie Stati against the country's government.

Thu, 21 Dec 2017 09:30:55 GMT

Philippines beefs up cybersecurity ahead of China firms entry

The Philippines decided to boost its cybersecurity measures ahead of the planned entry of China Telecom and other related firms' entry into the country's telecom industry.

Thu, 21 Dec 2017 09:27:46 GMT

PM May forces her deputy to step down amid scandal

The British Senior Minister Damian Green was forced to step down by the Prime Minister Theresa May, following an inquiry over the pornography scandal he had been involved in.

Thu, 21 Dec 2017 08:33:32 GMT

UN's de Mistura to arrive in Kazakhstan for talks

The UN mediator Staffan de Mistura is set to attend the Syria peace talks in Kazakhstan's capital of Astana on Friday, the Kazakh Foreign Ministry reported.

Thu, 21 Dec 2017 08:28:39 GMT

EU launches inquiry into China e-bikes subsidies

The EU Commission started an investigation into whether China's electronic bicycles exporters benefited from the excessive state subsidies, raising trade tensions between Beijing and Brussels.

Thu, 21 Dec 2017 07:32:58 GMT

At least 12 injured as car rams into pedestrians in Melbourne

At least 12 people were injured on Thursday after a car rammed into the crowd of pedestrians in Australia's city of Melbourne. A car driver was arrested by the police later.

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