News

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Thu, 07 Dec 2017 20:53:53 GMT

Juncker and May to discuss Irish border

The EU Commission said on Thursday that its President Jean-Claude Juncker and Britain's Prime Minister Theresa May might meet early tomorrow morning to reach an agreement over the Irish border.

Thu, 07 Dec 2017 20:52:11 GMT

US Dollar hits two-week high

On Thursday, the US Dollar hit its two-week high against a basket of major currencies amid improved risk appetite and optimism surrounding the US tax reform.

Thu, 07 Dec 2017 20:21:56 GMT

US natural gas inventories up 2B cubic feet

The EIA reported on Thursday that natural gas inventories rose 2B cubic feet in the week ended December 1, following the prior week's drop of 33B cubic feet.

Thu, 07 Dec 2017 20:20:14 GMT

US consumer credit accelerates in October

The Federal Reserve said that consumer credit rose $20.5B in October after increasing $19.2B in the preceding month, whereas analysts anticipated a rise of $17.4B.

Thu, 07 Dec 2017 19:02:00 GMT

Honeywell to purchase 25% of Flux Information Technology

Honeywell, the industrial conglomerate, will purchase 25% of Chinese Flux Information Technology placing a long-term bet on the growing logistics industry in China.

Thu, 07 Dec 2017 19:00:42 GMT

Anheuser-Busch reserves Tesla electric Semi trucks

According to Anheuser-Busch, the Budweiser beer maker has already reserved 40 of Tesla electric Semi trucks, since the company seeks to cut vehicle emissions fuel costs.

Thu, 07 Dec 2017 18:14:08 GMT

Steinhoff‘s shareholders wipe $12B off its value

Shareholders of Steinhoff, South African retailer, knocked at least $12B off the value after the company has revealed the accounting irregularities and fired the CEO.

Thu, 07 Dec 2017 18:13:06 GMT

Ford to examine self-driving car's technology in 2018

According to Ford Motor Co, the company will initiate self-driving vehicle technology testing in 2018, but did not change plan to launch commercial production until 2021.

Thu, 07 Dec 2017 17:21:41 GMT

TSX climbs on energy stocks gain

Canadian main stock index inched higher on Thursday, due to energy stocks gain, as oil prices rose. Meanwhile, shares of BlackBerry climbed amid future partnership with Qualcomm.

Thu, 07 Dec 2017 17:20:46 GMT

Orange to invest in upgrading networks

According to Orange CEO Richard, the company would stick to the plan to invest in upgrading networks, as he aimed to lead the French biggest telecoms company for a third term.

Thu, 07 Dec 2017 16:23:24 GMT

Canada's purchasing activity slows in November

According to Ivey Purchasing Managers Index, Canada's pace of the purchasing activity slowed in November due to supplier deliveries that continued to shrink.

Thu, 07 Dec 2017 16:14:09 GMT

Air New Zealand calls off flights amid engines issues

Air New Zealand cancelled some of the flights over the coming weeks, as the company has suffered from the problems caused by Rolls-Royce Trent 1000 engines.

Thu, 07 Dec 2017 15:24:23 GMT

Trump to discuss renewable fuels policies with senators

The US Senator of Texas Ted Cruz would lead a lawmakers' delegation when meeting Donald Trump to argue for the biofuels policy changes, which could threaten oil refining positions.

Thu, 07 Dec 2017 15:22:06 GMT

Canadian building permits surge 3.5% in October

Statistics Canada said that the country's building permits rose at a stronger-than-anticipated pace of 3.5% in October, fuelled by higher residential and commercial construction intentions.

Thu, 07 Dec 2017 14:20:44 GMT

Exxon Mobil, Shell, Chevron paid no tax to Australia in 2016

Exxon Mobil, Chevron and Shell paid no tax for operating in Australia in the financial year of 2016, despite reporting income in billions of dollars from doing business in the country.

Thu, 07 Dec 2017 14:19:56 GMT

US jobless claims fall to 236K last week

The Labour Department stated that the number of people filing for unemployment benefits fell unexpectedly 2K to reach 236K over the course of the prior week.

Thu, 07 Dec 2017 12:53:40 GMT

Markets look at tax bill

On Thursday morning the main discussed topics on the markets was the US tax bill discussion and the General Electric job cut.

Thu, 07 Dec 2017 12:53:09 GMT

Alibaba sign a deal with Ford

Alibaba and Ford have announced that they will cooperate in order to explore cooperation areas as cloud computing, retail and connectivity.

Thu, 07 Dec 2017 12:23:24 GMT

Hamas call for an uprising

Hamas are urging Palestinians to riot and create a new uprising against Israel. This comes after Donald Trump recognized Jerusalem as Israel's capital.

Thu, 07 Dec 2017 12:22:54 GMT

General Electric to cut jobs

On Thursday General Electric announced that the company will axe 12 000 jobs, as the conglomerate has struggled for years.

Thu, 07 Dec 2017 10:52:30 GMT

PBOC's FX reserves grow by $10B in November

Foreign reserves of The People's Bank of China rose by $10B to $3.119T in November, compared to a $700M increase month-on-month, thus growing for the tenth consecutive month.

Thu, 07 Dec 2017 10:52:16 GMT

BOJ Governor says changes in financial system, economy could trigger yield hike

The Governor of the Bank of Japan Haruhiko Kuroda explained on Thursday that a change in the financial system and economy could allow for a hike in its yield targets.

Thu, 07 Dec 2017 10:03:21 GMT

Honda to increase car prices in 2018

The Japanese car manufacturer Honda Motor Co. is set to increase the price of its models by 1-2% starting from January, 2018, in order to offset input costs.

Thu, 07 Dec 2017 09:56:43 GMT

UK's Grayling says UK will succeed even if Brexit deal is not signed

The British Secretary of State for Transport Chris Grayling noted on Thursday that the UK would prosper even if it is forced to walk away without a Brexit deal.

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