News

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Tue, 07 May 2019 02:32:07 GMT

Japan's manufacturing PMI back to expansion

Japan's manufacturing activity extended in April for the first time in the three-month period, as firms hired more workers and rose more optimistic over the business outlook, a survey revealed.

Mon, 06 May 2019 20:26:58 GMT

US Senators criticize Facebook peace deal with FTC

On Monday, two US Senators, Richard Blumenthal and Josh Hawley, criticized a possible settlement between the Federal Trade Commission and Facebook over misuse of clients' personal data.

Mon, 06 May 2019 20:23:53 GMT

Fed points on US businesses debt

In a report published on Monday, the Federal Reserve highlighted the historical level of debt of American businesses, though it noted that, in general, the financial system is "resilient".

Mon, 06 May 2019 19:27:04 GMT

IMF praises Norwegian economy

The International Monetary Fund (IMF) stated on Monday that Norwegian economy was keeping the commendable growth rate and is expected to continue accelerating this year further.

Mon, 06 May 2019 19:23:00 GMT

China to abstain from nuclear talks

The Chinese Foreign Ministry Spokesperson Geng Shuang stated on Monday that the country would not participate in any kind of talks on conclusion of a nuclear disarmament deal with the US and Russia.

Mon, 06 May 2019 18:01:32 GMT

China is still preparing on US trade talks

The Chinese Foreign Ministry spokesperson Geng Shuang said on Monday that China's delegation was still planning to go to the US for trade discussions.

Mon, 06 May 2019 18:01:22 GMT

Global equity markets decline on Monday

Global stocks edged lower on Monday, as investors and traders seek safe-haven after the US President Donald Trump said he would sharply raise tariffs on Chinese goods this week.

Mon, 06 May 2019 17:00:13 GMT

Buffett says China-US trade war is bad for business

Warren Buffett, the Chairman of Berkshire Hathaway, said on Monday that a trade war between China and the United States would be "bad for the whole world".

Mon, 06 May 2019 16:27:51 GMT

US Dollar remains stable

On Monday, the US Dollar edged higher against a basket of major currencies after the US President Donald Trump threatened to hike tariffs on Chinese goods.

Mon, 06 May 2019 16:05:55 GMT

Volkswagen approaches buyers for MAN Energy Solutions

According to people familiar with the matter, Volkswagen has contacted several companies for a potential sale of MAN Energy Solutions.

Mon, 06 May 2019 16:03:46 GMT

Italy's banks support BlackRock's plans to rescue Carige

According to the head of a banking fund, the Italian banks have supported the US asset manager BlackRock's $806 million rescue plan for Carige.

Mon, 06 May 2019 15:16:56 GMT

Kraft Heinz plans to restate financial reports

On Monday, Kraft Heinz Co stated that it would restate certain financial reports after an investigation into its accounting policies by the US Securities and Exchange Commission.

Mon, 06 May 2019 15:13:26 GMT

Wall Street slumps after Trump's threat of new tariffs

On Monday, US stocks opened lower after the US President Donald Trump threatened to raise tariffs on the Chinese goods this week.

Mon, 06 May 2019 12:00:44 GMT

China prepares trade delegation to US

Chinese officials from the Foreign Ministry announced on Monday that a delegation from China is preparing to go to the United States for trade talks.

Mon, 06 May 2019 11:04:34 GMT

Foxconn chairman wants to be peacemaker

On Monday, the chairman of Foxconn, which is the main Apple supplier, Terry Gou announced that he wishes to be the peacemaker between China, Taiwan and the United States. The chairman intends to run for President of Taiwan in 2020.

Mon, 06 May 2019 10:41:56 GMT

German service sector boom continues

Data that was published on Monday revealed that the Germany's service sector has continued to grow in April. The sector is creating jobs at the fastest pace seen during the last decade.

Mon, 06 May 2019 10:41:25 GMT

Euro Zone PMI is published

On Monday, the Euro Zone Purchasing Manager's Index was published. It revealed that economic growth in the opinion of the managers has remained unchanged.

Mon, 06 May 2019 10:36:38 GMT

Oil prices fall due to Trump

US President's Donald Trump's comments on Monday caused the US Dollar to surge higher. Due to that reason, oil prices that are measured in USD dropped.

Mon, 06 May 2019 10:36:06 GMT

IKEA will invest in France

On Monday, IKEA announced that it will invest 400 million euros in stores in central parts of French cities. The investments will be made over a period of three years.

Mon, 06 May 2019 09:02:31 GMT

Protesters block oil facility in Nigeria

Since Sunday, a logistics base of the oil company Aiteo was blocked by protesters. The event pushed up oil prices, as the global supply of oil is decreasing.

Mon, 06 May 2019 09:02:03 GMT

Global stocks decline

On Monday, global stock prices declined down and reached a one month low level. The cause for the decline was Donald Trump's announcement that tariffs on Chinese goods could be raised.

Mon, 06 May 2019 08:06:46 GMT

China to send delegation to US

The Foreign Ministry of China stated on Monday that despite the remarks made by Donald Trump its delegation was preparing for flight to the US to participate in another round of trade talks.

Mon, 06 May 2019 08:04:05 GMT

Gou wants to become US, China, Taiwan peacemaker

The Foxconn Chairman Terry Gou stated on Monday that he was ready to act as a peacemaker between China, Taiwan and the United States.

Mon, 06 May 2019 07:13:31 GMT

China considers halting trade talks with US

According to the Wall street Journal, China is considering the cancellation of trade negotiations with the US this week, as Donald Trump threatened to increase tariffs on goods worth $200B.

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