News

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Fri, 03 Feb 2017 11:07:43 GMT

Japan to create 700K jobs in US

Japan is eager to present its package to Donald Trump on providing the US with 700K workplaces and creating a $450B market.

Fri, 03 Feb 2017 10:05:48 GMT

Travis Kalanick quits business advisory group

Travis Kalanick, Uber CEO, quit the US President's business advisory group as employees and activists, who oppose new immigration policies, had put pressure on him.

Fri, 03 Feb 2017 10:05:19 GMT

US cautions North Korea of response

On Friday, the US President's defense secretary cautioned North Korea of response in case it used nuclear weapons, adding that South Korea could receive support from the US.

Fri, 03 Feb 2017 09:31:20 GMT

Apple to manufacture iPhones in India

Apple Inc. is planning to begin manufacturing iPhones in India in three months. Apple's desire to open a hub in India was aroused by the "Made in India" policy.

Fri, 03 Feb 2017 09:00:12 GMT

Ralph Lauren shares plunge as CEO announces leave

Ralph Lauren Corp. said that CEO Stefan Larsson is leaving in three months. Shares of the company fell 11% to $77.50 apiece after the announcement.

Fri, 03 Feb 2017 08:34:51 GMT

Ford vehicle demand in South Africa stays firm

The US car giant Ford reported that companies' vehicle demand in South Africa is active despite their Kuga SUVs self-ignition fiasco.

Fri, 03 Feb 2017 08:20:32 GMT

Tigerair cancels all flights between Australia and Bali

Low-cost airline Tigerair has cancelled all its flights between Australia and Bali after Indonesian authorities obliged the company to transfer to a new operating model.

Fri, 03 Feb 2017 07:46:50 GMT

Fiji deports Iranian refugee to PNG

An Iranian refugee who fled to Fiji from Papua New Guinea using false documents to seek asylum was deported back to PNG.

Fri, 03 Feb 2017 07:25:24 GMT

Amazon shares drop 4.3% after revenue miss

Amazon's shares slid more than 4% to $803.45 apiece after the company announced revenue for the Q4 of 2016 that missed analysts' expectations.

Fri, 03 Feb 2017 07:05:15 GMT

Swatch expects "healthy growth" after profit plunges 47%

Swatch Group is expecting a return to "healthy growth" for 2017 after net profit slumped 47% to 593M Swiss francs in 2016.

Fri, 03 Feb 2017 06:20:39 GMT

UK supermarkets introduce rationing over vegetable shortage

As Spanish crops were hit by flooding and cold weather, the UK Tesco and Morrisons decided to introduce buying limits to avoid running out of certain products.

Fri, 03 Feb 2017 05:51:40 GMT

Philippines to close 23 mines

The country's Environment and Natural Resources department ordered the closure of mines that were found to contaminate watersheds. The decision is said to affect 1.2M people.

Fri, 03 Feb 2017 05:28:00 GMT

China tightens monetary policy

On its first post-holiday working day the country's central bank raised the seven-, 14- and 28-day repo rates by 10 basis points and reportedly increased the SLF rate to 3.1%.

Fri, 03 Feb 2017 05:06:54 GMT

Snapchat's parent company files for IPO

In its filing Snap sought to raise $3B, but cautioned that it expected to continue to post operating losses and that majority of voting stock would remain with its co-founders.

Thu, 02 Feb 2017 22:44:09 GMT

Trump's comments drive stock and forex markets

On Thursday, the US stocks closed lower and the US Dollar index partially recovered from its two-month low, amid President Trump's comments about replacing the NAFTA.

Thu, 02 Feb 2017 22:33:05 GMT

New US sanctions on Iran inbound

Due to Iran's recent ballistic missile test, the US is anticipated to sanction several Iranian entities by Saturday without violating the 2015 nuclear deal, an anonymous source reported on Thursday.

Thu, 02 Feb 2017 21:35:16 GMT

Scottish parliament holds its own vote on Brexit triggering

Scottish parliament decided to vote on the Article 50 triggering that would formally launch the process of Brexit, even if the vote is not required.

Thu, 02 Feb 2017 21:35:07 GMT

Trump wants to speed up NAFTA talks

The US President Donald Trump revealed a desire to speed up talks for a new trade deal with Mexico and Canada.

Thu, 02 Feb 2017 20:23:17 GMT

Eleven die in Iraqi during air strikes

Eleven people died in four separate air strikes by the US-led coalition fighting against Islamic State in Iraq and Syria between October 25 and December 9.

Thu, 02 Feb 2017 20:23:08 GMT

Romanian minister resigns after huge anti-graft protest

A Romanian minister resigned after hundreds of thousands of anti-corruption demonstrators took to the streets in the biggest mass protest in Romania since the fall of communism.

Thu, 02 Feb 2017 16:46:01 GMT

Samsung to build US manufacturing base

The South Korean tech giant Samsung Electronics is about to build a plant for consumer appliances in the US as a response to Donald Trump's imports reproval.

Thu, 02 Feb 2017 15:21:08 GMT

Nokia exceeds Q4 revenue expectations

Nokia posted strong quarterly results showing its profits declined less than analysts expected due to Alcatel-Lucent purchase and expense curb.

Thu, 02 Feb 2017 14:04:16 GMT

Oil more expensive as OPEC output falls

On Thursday, prices for oil edged up, amid news of OPEC cutting production outweighing an increase in US crude stocks.

Thu, 02 Feb 2017 14:03:57 GMT

Protests in Romania cause business minister to resign

On Thursday, due to a a swiftly adopted government order in Romania that could amnesty a number of officials accused of corruption, led to the country's largest protest since 1989, causing Florin Jianu, minister of business, to resign.

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