News

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Tue, 20 Jun 2017 17:23:59 GMT

GDT Price Index drops 0.8% from previous event

The Global Dairy Trade Price Index plummeted 0.8% to an average selling price of $3,434 per tonne after rising 0.6% at the prior GDT auction.

Tue, 20 Jun 2017 15:58:31 GMT

Amazon to launch new service for Prime customers

Amazon is set to launch a brand new free-of-charge service for Prime customers, which will allow shoppers to get discounts and enjoy more favourable return policies. 

Tue, 20 Jun 2017 15:58:06 GMT

Vatican's Milone steps down from his post

The Vatican reported on Tuesday Libero Milone, the first auditor-general of the Roman Catholic Church headquarters, had unexpectedly resigned having served on the post for 2 years.

Tue, 20 Jun 2017 15:14:06 GMT

SNB's Jordan: low rates may lead to negative consequences

Speaking at the Swiss International Finance Forum in Bern, the President of the Swiss National Bank Thomas Jordan stated keeping rates low for a long time might have negative consequences.

Tue, 20 Jun 2017 15:13:46 GMT

US current account deficit widens to $116.8B in Q1 of 2017

Preliminary data released by the Bureau of Economic Analysis revealed the US current account deficit jumped to $116.8B in the Q1 of 2017 from $114.0B registered in the Q4 of 2016.

Tue, 20 Jun 2017 14:21:38 GMT

Ford seeks to export Focus model from China to US

Ford Motor stated on Tuesday it would export its new Focus cars to the United States from China instead of the earlier planned Mexico as it would save the company about $500M.

Tue, 20 Jun 2017 14:16:12 GMT

Canadian wholesale sales climb 1.0% in April

Statistics Canada reported on Tuesday that Canadian wholesale sales rose 1.0% in April, following the preceding month's gain of 1.2% and topping expectations for a 0.5% increase.

Tue, 20 Jun 2017 13:30:27 GMT

France's Goulard resigns amid Modem party probe

On Tuesday, the French Minister of Armed Forces Sylvie Goulard stepped down from her post amid the investigation launched regarding her Modem party's alleged misuse of funds.

Tue, 20 Jun 2017 13:16:13 GMT

CALC orders 15 Boeing 737 MAX 10 jets

The China Aircarft Leasing Group stated on Tuesday that it had placed an order for 15 Boeing 737 MAX 10 aircrafts following the previously disclosed order for 50 jets in total.

Tue, 20 Jun 2017 12:31:55 GMT

Al Shabaab to blame for blast in Mogadishu

The al Qaeda-linked al Shabaab claimed responsibility for a suicide car bombing that targeted the government officials in Mogadishu, leaving some casualties on Tuesday.

Tue, 20 Jun 2017 12:19:30 GMT

Lufthansa's CEO Spohr expects record summer

The Chief Executive of Lufthansa Carsten Spohr stated on Tuesday that he expected a record summer for bookings that might be driven by strong demand for premium tickets and good traffic from North America.

Tue, 20 Jun 2017 11:33:45 GMT

Merkel urges EU to stay united after Brexit talks started

On Tuesday, Germany's Chancellor Angela Merkel called the remaining EU members to stick together after the Brexit talks had been launched on Monday.

Tue, 20 Jun 2017 10:41:44 GMT

Le Pen senior calls daughter to step down as party leader

On Tuesday, the founder of the French National Front party Jean-Marie Le Pen stated that his daughter Marine Le Pen should quit as the FN party leader after her fiasco in the country's Presidential and Parliamentary elections.

Tue, 20 Jun 2017 09:58:51 GMT

Boeing revises up industry demand for planes in long term

Boeing increased its forecast for 20-year industry demand for freight and passenger planes by 4%, despite analyst expectations of cooling demand, the company announced on Tuesday.

Tue, 20 Jun 2017 09:53:17 GMT

BOE's Carney says raising interest rates not beneficial under current conditions

The Bank of England Governor Mark Carney explained on Tuesday that a rise in interest rates under current conditions could cause further loss of momentum for the UK economy.

Tue, 20 Jun 2017 09:30:54 GMT

One dead, 11 injured as van rams into Muslims in London

One person died and 11 others reported to be injured after a van rammed into the Muslim worshippers close to a London mosque; an incident that was confirmed as a terrorist act against Muslim people.

Tue, 20 Jun 2017 09:13:56 GMT

Samsung likely to launch Galaxy Note 8 in August

The tech giant Samsung is willing to lunch its Galaxy Note 8 flagman in the New York City event in August, according to a source familiar with the issue.

Tue, 20 Jun 2017 08:32:50 GMT

Lockheed presents Super Hercules military jet's new version

On Tuesday, Lockheed Martin launched an upgraded version of the Super Hercules C-13OJ-SOF military transport jet at the Paris Air Show, constructed for use in humanitarian relief missions and special combat operations.

Tue, 20 Jun 2017 08:01:17 GMT

Amazon may close another acquisition deal after Whole Foods

The Whole Foods CEO John Mackey stated that Amazon is likely to clinch another acquisition deal after it completes the Whole Foods Market takeover, but seeks for a firm with different standards.

Tue, 20 Jun 2017 07:34:51 GMT

Australia ceases air strikes into Syria as US downs Syrian jet

On Tuesday, Australia suspended its air strikes in Syria after the US shot down one of the Syrian military jets.

Tue, 20 Jun 2017 07:22:04 GMT

South Korean military to hold joint army exercises with US

On Tuesday, the South Korea military is eager to stage a joint drill with the two US B1B Lancer bomber jets following the scheduled military exercise.

Tue, 20 Jun 2017 06:31:14 GMT

Nestle acquires minority stake in US Freshly

On Tuesday, Nestle stated it bought a minority stake in the US ready meals group Freshly amid the company's intention to raise its health profile of the sprawling portfolio.

Tue, 20 Jun 2017 06:15:17 GMT

Trump to host Ukraine's Poroshenko at White House on Tuesday

The Ukrainian President Petro Poroshenko has already arrived to Washington for the scheduled meeting with the US President Donald Trump at the White House on June 20.

Tue, 20 Jun 2017 05:08:31 GMT

Oil trades near seven-month lows

On Tuesday, prices for oil stayed around seven-month lows, as traders and investors remained concerned about the rising supply, which negates the OPEC attempts to maintain the price around $50-60 per barrel.

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