News

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Mon, 08 May 2017 16:05:50 GMT

Goldman Sachs to make leadership changes

On Monday, Goldman Sachs announced its plans to restructure its investment-banking unit and promote Gregg Lemkau and Marc Nachmann among other moves.

Mon, 08 May 2017 16:05:17 GMT

NBC reports Obama warns POTUS against hiring Flynn

NBC reported on Monday that the former President of the US Barack Obama had warned Mr. Trump against appointing Mike Flynn for the National Security Adviser post.

Mon, 08 May 2017 15:04:42 GMT

Fed's Mester says Macron's victory alleviates some US worries

The Cleveland Federal Reserve President Loretta Mester said the outcome of the French Presidential Election eased concerns over economic turmoil harming the US economy.

Mon, 08 May 2017 15:02:44 GMT

US labour market conditions surge in April

Data released on Monday suggested that the Labour Market Conditions Index for the US soared 3.5 over the month of April from the upwardly revised 3.6 gain observed in March.

Mon, 08 May 2017 14:20:51 GMT

Austria orders Facebook to delete abusive postings

Austria's Court issued an order that Facebook must delete an insulting content of the Austrian Green party's leader from the country's platform version, despite claims to ban "hate postings" internationally.

Mon, 08 May 2017 13:56:18 GMT

Appeals Court to hear oral arguments on Trump travel ban

On Monday, Donald Trump's Administration will provide oral arguments over the revised travel ban on the six Muslim-majority countries during a scheduled hearing in the US Appeals Court.

Mon, 08 May 2017 13:26:21 GMT

Canadian housing starts dip to 214K in April

The CMHC reported on Monday that Canadian housing starts dropped to 214K units in April, while analysts anticipated a slight rise to 220K from the prior month's 253K units.

Mon, 08 May 2017 13:00:51 GMT

Banks to phase out 9K jobs from Britain amid Brexit

The largest world banks JPMorgan, Goldman Sachs and Citigroup are planning to move nearly 9K of job positions out of London amid the Brexit upheaval, outlining plans for their EU operations after Britain's withdrawal from the bloc.

Mon, 08 May 2017 12:22:44 GMT

Philippines' Espenilla to become next central bank governor

Nestor Espenilla will take up a position of the next Philippine central bank governor for a term of six years, replacing Amando Tetangco who is eager to quit his post in July 2017.

Mon, 08 May 2017 12:01:46 GMT

Japan consumer confidence drops to 43.2

According to the Cabinet Office, Japanese consumer sentiment plunged to 43.2 in April, missing analysts' expectations for a rise to 44.3 from March's 43.9.

Mon, 08 May 2017 11:33:04 GMT

China to severe restrictions on cash withdrawal

China introduced tougher measures on cash withdrawal, adding new security features that would require people to scan their ID cards in ATMs as the machines would be fitted with face-recognition technology.

Mon, 08 May 2017 11:13:45 GMT

South Korean Moon to protect economic recovery if he wins

The South Korean Presidential nominee Moon Jae-in seeks to protect a recovery in the country's economy and hire more policemen, firefighters and teachers in case he wins the election on Tuesday.

Mon, 08 May 2017 09:55:37 GMT

Sentix investor confidence soars to 27.4 points

The Sentix Investor Confidence Index for the Euro zone jumped to 27.4 points, its highest level since July 2007, on the back of a generally positive economic outlook.

Mon, 08 May 2017 09:54:26 GMT

Halifax HPI dips 0.1% in April

According to the data released by the Halifax Bank of Scotland, the UK House Price Index dived 0.1% over the month of April, falling behind analysts' expectations for a 0.1% gain.

Mon, 08 May 2017 09:30:20 GMT

Facebook launches warning campaign on fake news amid British election

The social media giant Facebook started an advertising campaign in a Britain's newspaper to warn people of fake news that might be spread ahead of the British election.

Mon, 08 May 2017 09:12:46 GMT

Putin is ready for constructive cooperation with France's Macron

The Russian President Vladimir Putin congratulated the French President-elect Emmanuel Macron on his win in the election, adding Russia was ready for a constructive cooperation over bilateral and global issues.

Mon, 08 May 2017 08:30:06 GMT

France's Macron to be severe in Brexit negotiations

The French President-elect Emmanuel Macron is eager to be tough in talks over the Britain's exit from the EU terms, but won't seek retribution against the UK, adding all the sides have no interest in Hard Brexit.

Mon, 08 May 2017 08:03:58 GMT

Akzo Nobel rejects third acquisition proposal from PPG

On Monday, the Dutch paint maker Akzo Nobel has refused a $29.51B takeover proposal for the third time from the US rival company PPG Industries, saying it is dissatisfied with the PPG's terms and conditions of the deal.

Mon, 08 May 2017 07:32:06 GMT

China's key official wants to diversify economy for Macau gambling hub

The Chinese senior officials Zhang Dejiang urged the economic diversification for the Macau gaming hub as he had an official visit on Monday with a purpose to meet lawmakers and inspect various industries.

Mon, 08 May 2017 07:20:07 GMT

Local goods hit North Korean shelves amid US sanctions

North Korea started introducing more domestically made products to its market as the US tough sanctions hit the country, closing most of the imports, including its main importer China.

Mon, 08 May 2017 06:34:24 GMT

Ex-Obama administration members to testify in Russia-Trump probe

On Monday, the ex-US Presdient Barack Obama administration members James Clapper and Sally Yates will testify in the investigation over Russia's possible hacking in the 2016 US election.

Mon, 08 May 2017 06:20:06 GMT

Sinclair Broadcast to acquire Tribune Media for about $4B

Sinclair Broadcast company is eager to sign a deal to buy Tribune Media for about $4B after winning the auction for the large US TV station operators.

Mon, 08 May 2017 05:06:16 GMT

Comcast set to announce wireless partnership with Charter Communications

Comcast is set to announce a wireless cooperation with Charter Communications on Monday, as the two cable providers seek to enter the US mobile service market.

Mon, 08 May 2017 05:05:51 GMT

NAB business confidence improves markedly in April

The National Australia Bank's Business Confidence Index jumped markedly in April, hitting its six-year high as the country's economy continues to gain momentum.

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