News

Note: This section contains information in English only.
Fri, 15 Jun 2018 02:38:08 GMT

Manufacturing activity in New Zealand slows in May

The Business NZ report showed that the Manufacturing Index dropped to 54.5 in May after 59.1 in April, while stalling in the Employment Index was raising concerns.

Thu, 14 Jun 2018 20:19:55 GMT

French CB trims growth forecast to 1.8% in 2018

France's economic growth is likely to weaken slightly more than anticipated this year, as higher prices of oil weighed on activity, the country's Central Bank stated.

Thu, 14 Jun 2018 20:19:15 GMT

Xapo, itBit get US regulator approval for digital currency services

The New York DFS granted a license for Xapo to offer a vault and digital currency service and approved itBit application to provide custody services and trade four virtual currencies.

Thu, 14 Jun 2018 19:08:09 GMT

US import prices grow markedly in May

The US Labour Department stated that the country's import prices rose strongly 0.6% in May, supported by a rise in the cost of food and petroleum products.

Thu, 14 Jun 2018 19:07:23 GMT

ECB keeps rates unchanged, set to end QE in December

The European Central Bank announced the monetary policy decision to keep rates on hold, as widely expected, adding that it is set to wind up the QE program in December.

Thu, 14 Jun 2018 18:38:19 GMT

IMF advice US against its protectionist trade policies

The International Monetary Fund advised the United States on Thursday that President Donald Trump's new import tariffs may endanger the world trading system.

Thu, 14 Jun 2018 18:35:47 GMT

Protests in South Africa over wage demands

South Africa's labour unions have threatened a total closedown of Eskom, the state-controlled electricity outages unless their demands are met for a 15 percent pay rise.

Thu, 14 Jun 2018 17:20:57 GMT

US consumer spending increases in May

The United States retail sales accelerated more in the second quarter than expected, as consumers bought a range of goods. The latest sign, that the economic growth is increasing.

Thu, 14 Jun 2018 17:15:20 GMT

US and Canada agreed to continue talking about NAFTA

Canadian Foreign Minister Chrystia Freeland said on Thursday, that the United States and Canada have agreed to continue discussion regarding a NAFTA deal.

Thu, 14 Jun 2018 16:37:42 GMT

ECB sets to stop stimulus program

The European Central Bank will meet on Thursday to debate if to end its assets purchases by the end of 2018.

Thu, 14 Jun 2018 16:35:27 GMT

New York sues Donald Trump foundation due to illegal behavior

On Thursday, the New York attorney general Barbara Underwood sued the Trump foundation, claiming the nonprofit engaged in some illegal activities including support of his 2016 campaign.

Thu, 14 Jun 2018 15:07:32 GMT

VW might face additional fines for diesel emission cheat

German authorities are still evaluated whether to impose additional fines on the car manufacturer Volkswagen in relation to cheated US diesel emission tests.

Thu, 14 Jun 2018 15:06:46 GMT

Nokia chooses Wipro to digitalise order management

Nokia plans to collaborate with the India-based IT services provider Wipro Ltd for the designing and digitalisation of its sales order operations.

Thu, 14 Jun 2018 14:39:01 GMT

Uber picks Facebook's product head as new driver product boss

Uber Technologies hired Facebook's product head Daniel Danker as the company's new Driver Product Director, the ride-hailing firm's CEO Dara Khosrowshani said on Wednesday.

Thu, 14 Jun 2018 14:36:10 GMT

Boring Company to build high-speed commuter system in Chicago

The Boring Company, owned by Tesla's CEO Elon Musk, has won the bid to develop a high-speed underground commuter system in Chicago, media stated on Wednesday.

Thu, 14 Jun 2018 13:39:54 GMT

Airbus integrates robots Renate, Luis to serve A320 jet

The EU planemaker Airbus has launched a production line for the A320 aircraft with robots Renate and Luis joining human employees to help serve the jet.

Thu, 14 Jun 2018 13:32:49 GMT

Renault to make investment into France's EV plant upgrade

Renault is set to make an investment of $1.2B to raise the French electric car production capacity, adding new models, the automaker said on Thursday.

Thu, 14 Jun 2018 12:13:53 GMT

HSH Nordbank to purchase shipping loans, invest in industry

The German HSH Nordbank plans to purchase shipping loans from its competitor banks, as well as invest additional funds in the shipping industry.

Thu, 14 Jun 2018 12:13:06 GMT

Unilever ‘extremely unlikely' to remain in FTSE100 after HQ shift

The consumer goods company Unilever said on Thursday it was ‘extremely unlikely' that the company would remain in the British FTSE 100 Index after moving its HQ to the Netherlands.

Thu, 14 Jun 2018 11:10:46 GMT

Luxembourg's Anatol has no intention to bid for Cinkarna

Luxembourg's Anatol S.a.r.l. is not planning to make a takeover proposal for Cinkarna Celje, Slovenia's metal products manufacturer, as it was not able to perform amid diligence.

Thu, 14 Jun 2018 11:08:54 GMT

Anglo American agrees Mitsubishi lifting stake in Quellaveco

On Thursday, Anglo American agrees to the Japanese carmaker Mitsubishi raising its stake in Peru's Quellaveco copper project by 21.9% for $600M, bringing its holding to 40%.

Thu, 14 Jun 2018 10:22:47 GMT

Merkel faces coalition turmoil

The Chancellor of Germany is set to face a struggle to find a compromise with her allies on the handling of the country's migrant policy.

Thu, 14 Jun 2018 10:22:02 GMT

North Korean sanctions will stay in place

The Secretary of State of the United States Mike Pompeo that sanctions against North Korea will remain in force until the country has completely denuclearized.

Thu, 14 Jun 2018 09:34:21 GMT

Brazil grants approval on Linde-Praxair merger deal

Brazilian antitrust regulator has granted its approval on the $80B merger deal between Linde and Praxair groups, while the firms go ahead with their undisclosed plan on asset sale.

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