News

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Thu, 20 Jun 2019 10:54:52 GMT

FBI launches probe into Deutsche Bank over money-laundering

The US FBI has launched an official investigation into Deutsche Bank over possible money-laundering lapses after suspicious financial transactions made to their superiors were flagged by the New York Times last month.

Thu, 20 Jun 2019 09:56:59 GMT

USD drops on Thursday

On Thursday, the Fed policy caused a drop of the US Dollar, which created a rise in prices of assets that are valued in the US Dollar. Note that this is not surge of value, but a fall of USD purchasing power.

Thu, 20 Jun 2019 09:26:23 GMT

Italy set to trim 2020 structural deficit

Italy is set to lower its 2020 structural deficit, saying it has no need for the European Union approval, after the EU Commission threatened to hit the country with disciplinary sanctions.

Thu, 20 Jun 2019 08:09:07 GMT

Facebook's Libra likely to raise regulatory issues

Facebook's plans to trigger its new global cryptocurrency Libra are likely to raise some regulatory issues, Dam Woods the BoE Deputy Governor stated on Thursday.

Thu, 20 Jun 2019 06:36:31 GMT

Tech giants oppose Trump's tariffs on laptops

On Wednesday, Intel Corp, Microsoft Corp, HP Inc and Dell Technologies have opposed the President Donald Trump's intention to add tablets and laptop computers to Chinese goods that are targeted for tariffs.

Thu, 20 Jun 2019 06:29:08 GMT

IBM to secure unconditional EU approval for Red Hat deal

US International Business Machines is planning to win conditional approval from the European Union for its $34B bid to acquire the software firm Red Hat, seeking to expand the company's subscription-based software offerings through the deal.

Thu, 20 Jun 2019 05:28:14 GMT

UK grocery industry to grow 12.5% by 2024

The UK grocery and food industry is expected to grow 12.5% to $272.8B by 2024, driven by the discounter and online channels, IGD stated.

Thu, 20 Jun 2019 03:49:52 GMT

Oracle rises quarterly forecast

Oracle announced its forecast for quarterly profit above expectations, as the company benefited from demand for on-premise IT, license support and cloud service businesses, sending shares up 7% in the extended trading.

Thu, 20 Jun 2019 02:33:42 GMT

New Zealand's GDP growth steady in Q1

New Zealand's economy grew at a 0.6% steady pace in the first quarter, supported by construction and adding to the case for the Central Bank to keep key interest rates unchanged.

Wed, 19 Jun 2019 19:44:05 GMT

Total puts hopes on computing power

It has been announced by the oil company Total that it has increased its computing power to 31.7 petaflops from 2.3 petaflops in 2013 and 6.7 in 2016. The power is used to process various data, among which is crude oil deposit search.

Wed, 19 Jun 2019 19:20:45 GMT

Adidas loses three-stripe extension

On Wednesday, it was revealed by EU officials that they have denied an extension of the Adidas three-stripe trade mark.

Wed, 19 Jun 2019 17:41:12 GMT

US Trade Representative will meet Chinese Vice Premier

On Wednesday, it was announced by the US government that the US Trade Representative Robert Lighthizer will meet with the Chinese Vice Premier Liu He prior to the G20 summit.

Wed, 19 Jun 2019 17:04:31 GMT

Crude Oil declines

At the start of Wednesday's US trading, crude oil price benchmarks declined. The move was attributed to a smaller than expected decline in US oil inventories.

Wed, 19 Jun 2019 15:44:37 GMT

US stocks trade flat at open

During the first hours of Wednesday's trading session, US stock indices remained flat, as the markets were expecting the Federal Reserve announcements scheduled for 18:00 GMT.

Wed, 19 Jun 2019 15:08:09 GMT

Fed should keep rates unchanged

Hours before the official Federal Reserve rate announcement, most market forecasts indicated that the Fed's interest rate will remain unchanged.

Wed, 19 Jun 2019 14:09:12 GMT

Spain's Repsol trims 30% of staff in Canada

Repsol, the Spanish energy company, is trimming around 30% of its workforce in Canada amid its global restructuring, the group announced on Tuesday in an email.

Wed, 19 Jun 2019 13:32:26 GMT

Harley-Davidson to produce smaller bikes in China

Harley-Davidson will team up with the Chinese firm Qianjiang Motorcycle to make new smaller bikes, following its promise to produce more motorcycles overseas, despite the decision angered the US President Donald Trump.

Wed, 19 Jun 2019 12:35:09 GMT

Croatia raises quota for foreign employees in some sectors

The Croatian government is set to lift quota for foreign employees in the construction and tourism sectors this year, after a recent appeal filed by employers.

Wed, 19 Jun 2019 11:08:51 GMT

Apple considers moving up to 30% of output capacity from China

Apple is exploring the option to move 15% to 30% of the company's production capacity to Southeast Asia from China on the back of its restructuring plans for the tech giant's supply chain, a Nikkei report showed on Wednesday.

Wed, 19 Jun 2019 09:52:00 GMT

Rocket strikes oil companies in Iraq

On Wednesday, a rocket hit residential and operational buildings of large oil companies in Basra, Iraq. The event is bound to decrease oil supply that would cause a price surge.

Wed, 19 Jun 2019 09:39:38 GMT

Germany's Altmaier raises HK issue during Beijing visit

On Wednesday, Peter Altmaier, the German Economy Minister, has raised the Hong Kong issue over the extradition law during his official visit to China's capital this week.

Wed, 19 Jun 2019 08:27:02 GMT

Johnson takes step closer to become new British PM

Boris Johnson has won 40% of votes in the contest's second round, moving towards to become the next British Prime Minister and succeed Theresa May, on his firm pledge to withdraw the country from the EU bloc by October 31.

Wed, 19 Jun 2019 04:59:18 GMT

Australia's Qantas Airways to order ten Airbus jets

On Wednesday, Qantas Airways announced that it would add 10 Airbus jets to its order, taking the company's total A320neo aircraft order to 109.

Wed, 19 Jun 2019 04:05:42 GMT

US and China revive trade talks

The United States and China are reviving trade negotiations ahead of the meeting between President Xi Jinping and President Donald Trump at the G20 summit in Japan.

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