News

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Sat, 05 Oct 2019 15:35:45 GMT

US trade deficit widens

The US trade deficit widened to $54.9B in August from $54B in July amid ongoing trade tensions, a report published by the US Commerce Department shows.

Sat, 05 Oct 2019 14:21:25 GMT

Russian inflation slows

Inflation in Russia slowed to 4% in September from 4.3% in August on lower vegetable and fruit prices, the Russian Federal Statistics Service Rosstat reports.

Sat, 05 Oct 2019 13:11:47 GMT

German engineering industry orders decline

Orders in the German mechanical engineering industry declined 17% in August, a report published by the German Mechanical Engineering Industry Association shows.

Sat, 05 Oct 2019 12:00:23 GMT

Serbia wants more business with Huawei

Serbia wants to expand its business relations with the Chinese telecommunication giant Huawei, the Serbian Minister of Innovation and Technological Development Nenad Popovic says.

Sat, 05 Oct 2019 11:17:59 GMT

Xinjiang foreign trade rises

The foreign trade of China's Xinjiang Uygur Autonomous Region reached $12.4B in the first eight months of 2019, a 12% increase from the prior year, local authorities say.

Sat, 05 Oct 2019 09:45:55 GMT

EU watchdog launches inquiry into Boeing-Embraer deal

EU antitrust regulators launched a probe on Friday into Boeing's bid to acquire a majority stake in Embraer's commercial aircraft arm, suggesting the deal may hit competition and lead to increased prices.

Sat, 05 Oct 2019 09:19:22 GMT

Chevron takes 40% in three Shell's Mexico deepwater blocks

The US Chevron Corp has signed a deal with the Royal Dutch Shell unit to acquire a stake worth 40% in the Mexican Gulf's three deepwater blocks after receiving an approval from the National Hydrocarbon Commission.

Sat, 05 Oct 2019 08:36:52 GMT

PayPal leaves Libra Association

One of the top US payment processors, PayPal, stated on Friday that it has decided to quit from Facebook's Libra Association.

Sat, 05 Oct 2019 07:14:13 GMT

UAW reaches some progress in talks with GM

The United Auto Workers (UAW) union stated on Friday that it managed to achieve certain progress in talks with General Motors Co (GM) regarding the issue of temporary workers and health care.

Sat, 05 Oct 2019 06:12:12 GMT

US wants to recall 2K Tesla cars

The US National Highway Traffic Safety Administration (NHTSA) stated on Friday that Tesla should have recalled 2K Model S and Model X cars instead of doing a software update.

Sat, 05 Oct 2019 05:16:52 GMT

Ecuador unions to halt protests

Ecuadorean transport unions decided on Friday to temporarily stop protests against optimization of fuel-subsidies amid arrests of 370 people and nationwide transport collapse.

Sat, 05 Oct 2019 04:04:28 GMT

Sacklers earns $13B from OxyContin sales

The US authorities claimed on Friday that Purdue Pharma LP, the OxyContin drug producer, generated nearly $13B for the Sackler family.

Sat, 05 Oct 2019 02:51:30 GMT

Johnson plans to ask EU for Brexit delay if no divorce deal

According to government papers submitted to a Scottish Court, the UK Prime Minister Boris Johnson will request for a Brexit extension if he fails to strike a deal with the EU by October 19.

Sat, 05 Oct 2019 02:07:57 GMT

Navarro says Fed should keep cutting rates

Peter Navarro, the White House top Trade Adviser, said on Friday that the US Federal Reserve should continue cutting interest rates despite low unemployment numbers.

Fri, 04 Oct 2019 19:56:47 GMT

US stocks edge higher on Friday

Wall Street's main indexes edged higher on Friday, as data showed that the US economy added about 136,000 jobs in September.

Fri, 04 Oct 2019 18:53:01 GMT

EPA unveils plan to boost US biofuel consumptions

On Friday, the US Environmental Protection Agency announced a plan to lift the annual blending mandate for biofuels starting from 2020.

Fri, 04 Oct 2019 17:58:04 GMT

US Dollar rises on low unemployment numbers

The Dollar Index, which measures the US Dollar against a basket of foreign currencies, edged higher on Friday, as data showed that the US nonfarm payrolls increased by 136,000 jobs in September.

Fri, 04 Oct 2019 16:53:35 GMT

Navarro says Fed should keep cutting rates

Peter Navarro, the White House top Trade Adviser, said on Friday that the US Federal Reserve should continue cutting interest rates despite low unemployment numbers.

Fri, 04 Oct 2019 16:02:25 GMT

Tensions between Cyprus and Turkey grow over offshore drilling

On Friday, Tensions between Turkey and Cyprus intensified after Ankara announced that it had sent an oil and gas drilling ship to waters off southern Cyprus.

Fri, 04 Oct 2019 15:10:46 GMT

Johnson will ask EU for Brexit delay if no divorce deal

According to government documents, submitted to the Court of Session in Scotland, the UK Prime Minister Boris Johnson would ask for a Brexit extension if no deal has been agreed by October 19.

Fri, 04 Oct 2019 14:12:45 GMT

US unemployment rate drops to 3.5% in Sept

The US unemployment rate plunged to 3.5%, a nearly 50-year low, while the job growth rose moderately in September, with the retail sector continuing to cut jobs, the Labor Department reported on Friday.

Fri, 04 Oct 2019 13:17:11 GMT

US trade deficit increases in August

The US trade deficit rose 1.6% to $54.9B in August, the Commerce Department reported on Friday, as consumer goods imports skyrocketed to its record high.

Fri, 04 Oct 2019 12:20:45 GMT

T. Reuters acquires FC Business Intelligence

On Friday, Thomson Reuters Corp announced it had acquired FC Business Intelligence, the B2B event specialist, not disclosing the financial terms of the deal.

Fri, 04 Oct 2019 11:38:33 GMT

Mexcio's Interjet nearing 12 Airbus A220s acquisition

Mexico's airline Interjet is nearing a deal to acquire 12 Airbus A220 passenger aircraft, seeking for a replacement for the carrier's partly grounded Sukhoi Superjet fleet, according to Reuters.

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