News

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Thu, 13 Jul 2017 07:01:18 GMT

Micro-investing start-up Stash secures $40M

The New-York-based micro-investing mobile start-up Stash raised $40M in a round that was led by the Coatue Management's fund manager.

Thu, 13 Jul 2017 06:51:43 GMT

Former Brazil leader Lula jailed up to 10 years for corruption

On Wednesday, the ex-Brazil President Luiz Inacio Lula da Silva was sentenced to nearly 10 years of imprisonment on corruption charges.

Thu, 13 Jul 2017 04:19:45 GMT

Chinese trade better than expected

Chinese officials have published better than forecasted June trade data. This suggests that the economy is doing better than it has been thought previously.

Thu, 13 Jul 2017 04:19:20 GMT

Stash raises 40 million

Micro-investing start-up Stash has gathered $40 million in a round of investment done by Coatue Management.

Thu, 13 Jul 2017 02:55:08 GMT

BoE's McCafferty wants unwinding QE earlier

The Bank of England have to consider unwinding its quantitative easing programme totalling £345B earlier than planned, the Bank's policymaker Ian McCafferty revealed.

Thu, 13 Jul 2017 02:54:53 GMT

Bank of Canada rises interest rates for first time in seven years

The Bank of Canada raised the key interest rate for the first time since 2010, pushing it to a still-low 0.75%, as the economy was not in need for as much monetary stimulus.

Thu, 13 Jul 2017 02:14:11 GMT

Bank of Korea keeps rates at 1.25%, as expected

The Bank of Korea held its key interest rate at a record-low of 1.25% for the 13th consecutive month, in line with analysts' expectations.

Thu, 13 Jul 2017 02:12:13 GMT

Kaspersky Lab victim to US-Russia geopolitical tensions

Kaspersky Lab, the Russian cyber security firm, criticised the US action of restricting the firm's activity as the politically-motivated move against Kremlin.

Wed, 12 Jul 2017 20:14:48 GMT

Illinois maintains BBB- credit rating

On Wednesday, the S&P has decided not to downgrade the credit rating of Illinois to BB amid the adoption of a special fiscal plan incorporated into the 2018 budget.

Wed, 12 Jul 2017 20:14:19 GMT

Google beats French tax authoriy in Paris court

On Wednesday, the Paris administrative court has ruled that Google did not have a required taxable presence to pay $1.3B in back taxes demanded by the French tax authority.

Wed, 12 Jul 2017 19:13:16 GMT

Saudi Prince discusses defense issues with Turkish colleague

On Wednesday, the Crown Prince of Saudi Arabia Mohammed bin Salman had a telephone conversation with the Turkish Minister of National Defence Fikri Isik over the arrival of Turkish troops in Qatar and other defense issues.

Wed, 12 Jul 2017 19:12:55 GMT

SEC's Clayton plans to ease corporate disclosure rules

Jay Clayton, the newly elected Chairman of the US Securities and Exchange Commission, has announced plans to revoke needless corporate disclosure rules and reduce compliance costs for SMEs.

Wed, 12 Jul 2017 18:10:41 GMT

FDIC nominee withdraws his candidacy

James Clinger, the US President Donald Trump's candidate for the Federal Deposit Insurance Corporation, said on Wednesday he decided to withdraw his candidacy because of the family problems. 

Wed, 12 Jul 2017 18:10:17 GMT

Luiz da Silva found guilty of corruption

The former Brazilian President Luiz Inacio Lula da Silva was found guilty of corruption in one of the five ongoing court cases and sentenced to nine and a half years in prison. 

Wed, 12 Jul 2017 10:59:19 GMT

Toshiba faces tough conditions despite regaining credit line access

According to a source familiar with the issue, Toshiba regained its access to a $6B credit line after the firm stumped up its chip unit's shares, but faced severe conditions applied by the lenders.

Wed, 12 Jul 2017 10:59:04 GMT

Spanish royals make state visit to UK mending ties before Brexit

On Wednesday, Spain's royals King Felipe and Queen Letizia started their state visit to the United Kingdom following the intention to cement ties with Britain, previously strained after a dispute on Gibraltar.

Wed, 12 Jul 2017 10:11:14 GMT

Germany increases takeover protection

German lawmakers have approved additional rules, which will block the sale of strategic companies to investors outside of the European Union.

Wed, 12 Jul 2017 10:10:38 GMT

Clashes continue in Mosul

Although the Iraqi government announced victory over Daesh in Mosul, clashes were occurring on Wednesday.

Wed, 12 Jul 2017 09:30:35 GMT

Turkeys' Economy Minister to visit Austria in July after political row

Turkey's Economy Minister Nihat Zeybekci stated on Wednesday that he would visit Austria in July despite the country had banned him from attending the 2016 Turkish failed coup anniversary event.

Wed, 12 Jul 2017 09:09:22 GMT

Berlin police arrests suspects of $4M gold coin robbery

On Wednesday, several people suspected of robbery of the 100 kg Bode Museum's gold coin worth $4M were arrested during the police raids in Berlin.

Wed, 12 Jul 2017 08:34:23 GMT

Sweden launches bribery inquiry of ex-Finance Minister

Swedish prosecution launched a bribery investigation on Wednesday into the former Finance Minister Anders Borg's alleged participation in hunting trips, not bringing any charges.

Wed, 12 Jul 2017 08:26:06 GMT

Turkey sends about 200 cargo aircraft to Qatar

On Wednesday, Turkey sent 197 cargo airplanes, one ship and 16 trucks to Doha following a dispute that broke out a month ago between Qatar and its neighbour Arab Gulf states.

Wed, 12 Jul 2017 07:34:20 GMT

Japan's Abe aims to provide help to floods victims

The Prime Minister of Japan Shinzo Abe promised on Wednesday to supply the victims of a region devastated by floods with aid money as landslides destroyed homes and claimed lives of at least 25 people.

Wed, 12 Jul 2017 07:26:51 GMT

Peru prosecution seeks 18 month in jail for ex-leader before trial

The Peru prosecution is seeking for 18 month in prison for the former President Ollanta Humala before the official trial amid court's intention to keep him from fleeing the country on the back of money laundering charges.

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