News

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Fri, 14 Jul 2017 20:03:11 GMT

Fed may wind down its balance sheet in September, says Kaplan

Dallas Federal Reserve Bank President Robert Kaplan said that the Fed might allow to reduce its $4.5T balance sheet in September, but told to be patient on interest rate hikes.

Fri, 14 Jul 2017 19:54:35 GMT

Sources: Toyota to invest $310M in UK plant

The Japanese car manufacturer Toyota Motor Corporation plans to invest more than $310M in a UK plant after securing post-Brexit trading arrangements with the British government.

Fri, 14 Jul 2017 19:10:03 GMT

CalPERS reports 11.2% increase in annual return

The California Public Employees' Retirement System reported a 11.2% preliminary return on investment for the fiscal year ended June 30, compared to 0.61% last year.

Fri, 14 Jul 2017 19:04:07 GMT

Shares of AstraZeneca fall to two-month low over uncertainty

Shares of the Anglo-Swedish drug maker AstraZeneca fell at a two-month low on Friday in response to uncertainty over a possible merger with Israel's Teva Pharmaceutical Industries.

Fri, 14 Jul 2017 17:54:32 GMT

Floods and landslides kill more than 80 in India

More than 80 people had died in floods and landslides caused by torrential rain in northeast India, officials reported on Friday.

Fri, 14 Jul 2017 17:53:37 GMT

Lebanon will cooperate only with UN to return Syrian refugees

The Lebanese Prime Minister Saad al-Hariri commented on Friday that Lebanon would coordinate returns of Syrian refugees only with the United Nations.

Fri, 14 Jul 2017 17:17:47 GMT

AT&T to run media and wireless business separately

AT&T Inc is to run its wireless and DirectTV businesses independently from Time Warner Inc's media unit after the $85.4B acquisition, Reuters reported on Friday.

Fri, 14 Jul 2017 17:06:57 GMT

Sources: three US firms selected to rescue ailing Italian banks

The US funds Bain Capital, Fortress Investment Group and Blackstone were picked to submit their bids for a €1B bad loan portfolio of four Italian banks, two sources said on Friday.

Fri, 14 Jul 2017 15:52:56 GMT

Honda recalls more than million cars over battery fires

Honda is recalling 1.5M recent Accord models globally to prevent engine fires after discovering a defect with the vehicle's battery system.

Fri, 14 Jul 2017 15:52:47 GMT

US cannot prove Islamic State chief death

The US Secretary of Defense Jim Mattis on Friday said he cannot confirm reports of Islamic State group's chief Abu Bakr al-Baghdadi's death.

Fri, 14 Jul 2017 15:11:37 GMT

JP Morgan reports better than expected quarterly profit

JP Morgan Chase & Co, the biggest US bank by assets, reported a better-than-expected quarterly profit on Friday due to strong loan growth and higher interest rates.

Fri, 14 Jul 2017 15:11:26 GMT

1000 Mercedes-Benz cars to be recalled

Mercedes-Benz Vietnam is about to recall 1000 cars after fires were reported in some countries due to a defective fuse, Vietnamese media reported on Friday.

Fri, 14 Jul 2017 13:59:16 GMT

Germany finds no signs Mercedes-Benz used illegal software

On Friday, German officials stated that no signs Mercedes-Benz had used any illegal software were found in a probe of the carmaker on manipulating emissions.

Fri, 14 Jul 2017 13:59:05 GMT

US CPI comes in at 0.0% in June

According to the Bureau of Labour Statistics, the United States CPI held steady at 0.0% in June, while analysts anticipated an increase of 0.1%.

Fri, 14 Jul 2017 12:32:25 GMT

Five policemen dead amid gunmen attack in Cairo

At least five Egyptian police officers are reported to be dead after gunmen opened fire on a vehicle in the area of security checkpoint in the South of Cairo on Friday.

Fri, 14 Jul 2017 12:23:46 GMT

Italian trade balance surprises markets

Istat reported on Friday that the Italian trade surplus widened to €4.34B in May, compared to the prior month's €3.60B and topping analysts' expectations for a deficit of €2.43B.

Fri, 14 Jul 2017 11:00:16 GMT

UN calls Venezuela to permit unofficial, dissent referendum

On Friday, the United Nations urged Venezuela's authorities to allow people to participate in a dissent and unofficial plebiscite and assure that no excessive force would be used against protesters.

Fri, 14 Jul 2017 11:00:07 GMT

Philippine ex-leader Aquino faces criminal charges over botched raid

The Philippine anti-graft prosecutor has ordered the filing of criminal charges against the former President Benigno Aquino on Friday for his alleged liability in a 2015 clash with Muslim rebels that killed 44 policemen.

Fri, 14 Jul 2017 10:00:37 GMT

FCA to recall 1.33M vehicles worldwide due to wiring issue

Fiat Chrysler Automobiles NV announced on Friday that it is to recall 1.33M vehicles globally due to accidental airbag deployments and potential fire risks.

Fri, 14 Jul 2017 09:58:47 GMT

US officials: US plans to impose sanctions on firms cooperating with North Korea

Two senior US officials familiar with the matter said on Friday that Washington could impose additional sanctions on Chinese banks and companies doing business with North Korea within weeks.

Fri, 14 Jul 2017 09:34:26 GMT

North Korea to take corresponding actions if UN applies sanctions

North Korea vowed on Friday it would take corresponding measures in case the UN Security Council adopted one more sanctions resolution in response to the country's ICBM test-launch last week.

Fri, 14 Jul 2017 09:27:05 GMT

Arconic accused of deadly London Tower blaze

On Thursday, Arconic's shareholder filed a suit against the company over its cladding panels as the material became a reason of the fatal Grenfell Tower fire that claimed lives of at least 80 residents.

Fri, 14 Jul 2017 08:31:56 GMT

Pamplona final Bull Run leaves 10 people hurt

No less than 10 people got injuries after taking part in the final Bull Run at the San Fermin festival in the Spanish city of Pamplona.

Fri, 14 Jul 2017 08:25:10 GMT

Hong Kong removes four opposition lawmakers

The High Court of Hong Kong expelled four opposition lawmakers from the legislative assembly, following the invalidation of their oaths of office on Friday.

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