News

Wed, 19 Dec 2018 10:48:41 GMT

UK inflation lowest since March 2017 amid cheaper petrol

Cheaper petrol, video games helped to push the UK inflation rate to the lowest level since 2017 last month, official data revealed, suggesting some relief to consumers.

Wed, 19 Dec 2018 10:46:19 GMT

FedEx sees trade slowdown globally, US economy to remain solid

FedEx stated that slashed the forecast for 2019 after the EU economy weakened and the US trade row exacerbated China's slowdown, sending the company's shares more than 6% down.

Wed, 19 Dec 2018 10:18:20 GMT

Estonia detains 10 Danske Bank ex-employees

On Wednesday, Estonian police arrested 10 people who worked in Danske Bank's local branch in 2007-2015, suspecting that they were connected to money laundering scheme amounting to $229B.

Wed, 19 Dec 2018 10:12:49 GMT

Turkey wins its first WTO appeal against US

The Trade Minister of Turkey Ruhsar Pekcan stated on Wednesday that the country won its first claim at the World Trade Organization (WTO) related to tariffs on steel imports imposed by the United States.

Wed, 19 Dec 2018 09:14:52 GMT

Taisho Pharmaceutical wants to sell its French OTC business

On Wednesday, Japanese Taisho Pharmaceutical Holdings made an offer to Bristol-Myers Squibb to sell its French OTC medicine business UPSA for $1.6B.

Wed, 19 Dec 2018 09:11:07 GMT

May hopes for Scotland, Wales and Northern Ireland support

The UK Prime Minister Theresa May stated on Wednesday that she would try persuade Northern Ireland, Wales and Scotland to listen to arguments of British businesses and back her Brexit deal.

Wed, 19 Dec 2018 08:29:32 GMT

Singapore's Central Bank bans Leissner for lifetime

On Wednesday, the Central Bank of Singapore has issued a lifetime banned to former Goldman Sach's banker Tim Leissner.

Wed, 19 Dec 2018 08:29:25 GMT

India's Federal Regulator to test samples of J&J baby powder

On Wednesday, the Indian Federal Regulator would take Johnson & Johnson's baby powder samples for testing.

Wed, 19 Dec 2018 07:16:41 GMT

Fed is likely to hike interest rates

On Wednesday, the US Federal Reserve is expected to hike interest rates, as the Fed Chairman Jerome Powell is scheduled to hold a press conference half an hour later.

Wed, 19 Dec 2018 07:15:36 GMT

Musk unveils his company's first LA tunnel

Tesla's CEO Elon Musk has unveiled his company's first completed 1.14-mile route tunnel in Hawthorne, Los Angeles.

Wed, 19 Dec 2018 06:11:52 GMT

Oil prices recover on Wednesday

After declining for three consecutive trading sessions oil prices slightly recovered on Wednesday. The recovery was considered normal after the previously experienced sharp drop.

Wed, 19 Dec 2018 06:10:56 GMT

Markets expect Federal Reserve rate hike

Market participants were expecting the Federal Reserve rate hike, which the market consensus forecasted to occur at 19:00 GMT. The hike was set to increase the value of the US Dollar.

Wed, 19 Dec 2018 05:36:52 GMT

SoftBank shares plummet after IPO

On Wednesday, the share price of SoftBank plummeted after the IPO of the bank. Namely, the stock price declined by 12%.

Wed, 19 Dec 2018 05:36:15 GMT

Elon Musk will unveil new tunnel

On Wednesday, it was revealed that the Elon Musk's Boring Copany will reveala new Los Angeles area tunnel.

Wed, 19 Dec 2018 04:26:25 GMT

Micron profit miss forecasts as chip glut affects prices

The US chipmaker Micron Technology announced quarterly profit and sales forecasts well below Wall Street expectations, citing a memory chips' market glut, as consumer and business demand for computers and phones was weakening.

Wed, 19 Dec 2018 04:22:43 GMT

Japan's exports weaken to crawl in November

The Japanese export growth weakened to a crawl last month, as shipments to China and the US fell sharply, suggesting slowing external demand.

Tue, 18 Dec 2018 21:25:08 GMT

France's growth to expand after protest-driven slowdown

France's growth is expected to bounce back early in 2019 after anti-government protests and wilting business confidence cut short previously expected recovery, the INSEE stated.

Tue, 18 Dec 2018 21:22:44 GMT

EC approves state aid for networks in Bavaria

The European Commission approved state aid for projects to build high capacity Internet networks in six cities of Germany's Bavaria.

Tue, 18 Dec 2018 20:28:53 GMT

EC accepts Italy deficit of 2.04%of GDP

The European Commission accepted proposal by Italy to set 2.04% of GDP as a budget deficit target next year, a source stated on Tuesday.

Tue, 18 Dec 2018 20:27:17 GMT

France's hotels report strong year despite protests

Anti-government violence in Paris, which lasted four weekends, costed hoteliers some 18M in lost revenue due to cancelled bookings, the MKG stated.

Tue, 18 Dec 2018 19:29:12 GMT

Natixis books €260M revenue loss in Q4

France's bank Natixis stated that it will book €260M revenue loss from operations of Asia's stock derivative carried out over the fourth quarter.

Tue, 18 Dec 2018 19:20:05 GMT

Germany tightens regulations to fend off takeovers by foreign firms

Germany lowered the threshold to launch stake purchases by non-EU entities' security probes to protect critical infrastructure, in a bid to fend off takeovers by China's investors.

Tue, 18 Dec 2018 18:25:06 GMT

EU backs China's e-bikes import duties

Governments of the EU voted to impose duties on China's electric bicycles to diminish cheap imports that benefited from unfair subsidies and flooded the market.

Tue, 18 Dec 2018 18:20:09 GMT

SpaceX to raise $500M

The rocket company of Elon Musk SpaceX is set to raise $500M at a $30.5B valuation, the WSJ reported, citing sources familiar with the matter.

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