News

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Wed, 30 Jan 2019 04:09:04 GMT

Costa Rica's economy expands 2.7% in 2018

Costa Rica's economy grew 2.7% last year, the country's Central Bank stated, missing the target and registering weaker growth than the previous year.

Wed, 30 Jan 2019 03:00:40 GMT

Japan retail sales rise in December

Japan's retail sales grew more than anticipated last month, as consumers increased their spending on home appliances and clothes, which is likely to ease some concern over the private consumption outlook.

Wed, 30 Jan 2019 02:55:48 GMT

AMD shares grow on strong data centre revenue

Advanced Micro Devices reported the strongest quarterly increase in data centre sales and expected revenue to be above estimates in fiscal 2019, sending shares up 10% in after-hours trading.

Tue, 29 Jan 2019 21:14:28 GMT

Italy's PPI grows 4.1% in December

The Producer Price Index of Italy grew 4.1% year-over-year in December, below the 4.5% increaase observed in the prior month, the ISTAT stated.

Tue, 29 Jan 2019 21:12:32 GMT

Spain's employment increases markedly in 2018

Spain saw the strongest growth in employment in the 12-year period in the prior year, the INE report showed, the number of employed people rose to 19.56M.

Tue, 29 Jan 2019 20:31:02 GMT

British personal insolvencies rise in Q4

The number of Britons in insolvency rose to the highest level since 2010 in late 2018, according to the official report, indicating that is will likely add to unease on the health of the UK economy ahead of Brexit.

Tue, 29 Jan 2019 20:28:53 GMT

German government expects wages, employment up this year

The German government anticipated employment to reach a record-high level in 2019 and wages to increase, the Handelsblatt reported.

Tue, 29 Jan 2019 19:28:10 GMT

US State Department approves possible Aegis system sale to Japan

The US State Department approved a possible sale of two AEGIS Weapon Systems made by Lockheed Martin and missile defence equipment to Japan for an approximate cost of up to $2.15B.

Tue, 29 Jan 2019 19:25:28 GMT

Harley Davidson anticipated shipments to slump this year

Harley-Davidson reported worse-than-anticipated quarterly profit and forecast a decline in global shipments of the company's motorcycles in 2019, sending its shares down more than 7% in afternoon trading.

Tue, 29 Jan 2019 18:31:49 GMT

US consumer morale falls markedly

The US consumer confidence dropped to the lowest level in more than a year in January as a partial government shutdown and turmoil of financial markets left households nervous about the prospects of the economy.

Tue, 29 Jan 2019 18:29:12 GMT

NY watchdog fines StanChart $40M

The New York DFS fined Standard Chartered $40M for the attempts to rig transactions in FX markets in the 2007-2013 period, the regulator stated.

Tue, 29 Jan 2019 16:52:06 GMT

Ryanair takes rest of Austria's Laudamotion

Ryanair, the Irish budget carrier, acquired the remaining 25% in the airline's Austrian arm Laudamotion, it announced on Tuesday, not disclosing the financial terms of the deal.

Tue, 29 Jan 2019 16:51:49 GMT

GameStop ceases efforts to sell firm

The world's biggest gaming console and video games retailer, GameStop stated it had given up on trying to sell the company, after failing to find a buyer on favourable terms, sending its shares down 21% on Tuesday.

Tue, 29 Jan 2019 16:15:21 GMT

VW seeks Traton truck IPO this spring

Volkswagen is planning to launch an initial public offering of its truck division Traton in April, expecting to sell its shares worth up to $6.9B, sources reported on Tuesday.

Tue, 29 Jan 2019 16:10:09 GMT

Saudi Aramco ties up with Axens, TechnipFMC

On Tuesday, Saudi Aramco Technologies has teamed up with TechnipFMC and Axens in a joint agreement to boost its catalytic crude development and commercialisation to chemicals technology.

Tue, 29 Jan 2019 15:39:32 GMT

Corning posts higher-than-expected profit, revenue

Apple's supplier Corning reported higher-than-expected profit and revenue results for the fourth quarter, boosted by a higher demand from the telecoms companies.

Tue, 29 Jan 2019 15:36:57 GMT

Verizon disappoints analysts with Q4 revenue estimates

On Tuesday, Verizon Communications reported lower-than-expected Q4 revenue estimates, but said it had almost doubled its new wireless subscribers, meeting analysts' forecasts.

Tue, 29 Jan 2019 14:01:55 GMT

Lockheed Martin shares down amid poor results

On Tuesday, Lockheed Martin, the main Pentagon's supplier, reported it had missed analysts' expectations for the quarterly profit, forecasting this year's earnings below estimates, bringing its shares down 1% in early trading.

Tue, 29 Jan 2019 13:56:43 GMT

Pfizer expects 2019 results to miss forecasts

On Tuesday, Pfizer stated it was forecasting its 2019 results on profit, sales and revenue below the Wall Street estimates, following its patent loss on the company's pain treatment that year.

Tue, 29 Jan 2019 13:35:41 GMT

Venezuela's Guaido sees free elections, peaceful transition

Venezuela's opposition leader Juan Guaido stated his movement could gain a peaceful transition from the President Nicolas Maduro, as well as free elections.

Tue, 29 Jan 2019 13:30:01 GMT

EU Parliament to support visa-free travel after Brexit

The EU Parliament Committee is seen to support a visa-free travel to Europe for Britons after the UK withdrawal from the bloc, regardless the outcome of the Brexit deal.

Tue, 29 Jan 2019 12:24:35 GMT

US imposes sanctions against Venezuela's PDVSA

Trump's Administration imposed sanctions against Venezuela's state-held oil company PDVSA, curbing its exports to the US and escalating Washington's pressure on the President Nicolas Maduro.

Tue, 29 Jan 2019 12:20:16 GMT

Xerox beats Q4 profit estimates on cost cuts

On Tuesday, Xerox Corp reported it had beaten its Q4 profit estimates on cutting costs, while its revenue plunged more-than-expected due to businesses keeping trimming their spending on photocopiers and printers.

Tue, 29 Jan 2019 11:35:40 GMT

Instagram app restored after partial outage

Facebook's photo-sharing app Instagram stated a partial outage, which hit some of the social network users, had been fixed and the service was fully functional again.

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