News

Thu, 30 Aug 2018 18:03:36 GMT

Campbell plans to sell international refrigerated-foods units

On Thursday, Campbell Soup Co said that it is planning to sell its fresh refrigerated-foods and international units.

Thu, 30 Aug 2018 17:11:37 GMT

Argentina's Central Bank hikes interest rate

On Thursday, the Central Bank of Argentina increased its interest rate by 60%, in a bid to control the country's inflation.

Thu, 30 Aug 2018 17:07:38 GMT

IAEA says Iran is complying with nuclear deal restrictions

On Thursday, the International Atomic Energy Agency said that Iran has remained within the main conditions on its nuclear agreement with major powers.

Thu, 30 Aug 2018 16:30:05 GMT

Amazon to launch drink, food sales in Mexico

Amazon.com is likely to begin selling drinks and food online in Mexico, the company stated on Thursday, in a move, which could intensify the competition with Walmart de Mexico to claim shoppers in the e-commerce market.

Thu, 30 Aug 2018 16:24:15 GMT

German inflation above ECB target in major states

Inflation in the most populous regions of Germany held above the ECB's target in August, contributing to the Bank's case for gradual winding down of monetary stimulus.

Thu, 30 Aug 2018 15:23:24 GMT

Atlanta Fed lowers US GDP forecast to 4.1% in Q3

The US economy was expanding at a 4.1% annualised rate in the Q3, the Atlanta Federal Reserve stated, after the release of official data earlier this week.

Thu, 30 Aug 2018 15:19:24 GMT

Nestle to cut fewer positions in Switzerland

Nestle announced the final plan for reorganising the company's Swiss information technology setup, diminishing the number of tech worker positions it is set to cut at the home base.

Thu, 30 Aug 2018 14:02:02 GMT

Campbell Soup sells units

Campbell Soup, after investor pressure, on Thursday revealed that the company intends to sell its international, fresh refrigerated foods units.

Thu, 30 Aug 2018 13:19:38 GMT

Oil producers intend to formalize oil policy

OPEC and other oil producing countries are aiming to formalize their long lasting cooperation later in 2018 by approving a further cooperation charter.

Thu, 30 Aug 2018 13:04:08 GMT

Canadian economic growth remains unchanged

The monthly GDP growth of Canada in August did not change, compared to July. Although, the annualized growth rate still remains at 2.9%.

Thu, 30 Aug 2018 13:03:02 GMT

US jobless claims rise

The weekly US jobless claims number increased throughout last week. Namely, the number increased by 3,000, compared to previous week.

Thu, 30 Aug 2018 12:14:54 GMT

Dollar continues its decline

By the middle of Thursday's trading session the US Dollar continued to lose value against the rest of the major currencies.

Thu, 30 Aug 2018 12:14:19 GMT

Abercombie & Fitch miss sales estimates

Abercombie and Fitch Company have missed their quarterly same-store earnings estimates. Analysts blame lower demand for teenager apparel and surfwear.

Thu, 30 Aug 2018 10:55:54 GMT

China navy chief to visit US in September

On Saturday, the defence ministry of China claimed that the head of China's navy Shen Jinlong would visit the US in September despite the escalating trade tensions between two countries. 

Thu, 30 Aug 2018 10:44:06 GMT

France: EU needs strategic relationships with Russia and Turkey

On Thursday, the President of France Emmanual Macron claimed that the EU needs to establish strategic relationships with Turkey including defence questions and to modernise its relationships with Russia.

Thu, 30 Aug 2018 10:30:11 GMT

Japan: protectionist policies harm everyone

On Thursday, the Minister of Finance of Japan Taro Aso claimed that inward-looking policies and protectionists measures in response to trade tensions are not beneficial and harm all sides of the trade conflict.

Thu, 30 Aug 2018 10:26:08 GMT

Campbell Soup to sell international business and fruits units

On Thursday, Campbell Soup Co claimed that it is planning to sell its fresh-refrigerated food and international business units, following the pressure from the investors to sell the company. 

Thu, 30 Aug 2018 09:26:02 GMT

Zarif meets with Erdogan

The Foreign Minister of Iran Mohammad Javad Zarif met on Thursday with Turkish President Recep Tayyip Erdogan in Ankara to discuss widely expected offensive in Northern Syria by Assad's army.

Thu, 30 Aug 2018 09:21:04 GMT

France calls for cooperation with Russia on defence matters

The President of France Emmanuel Macron stated on Thursday that the European Union must establish and maintain strategic relations with Russia on defence matters, thus ensuring greater sustainability on the continent.

Thu, 30 Aug 2018 08:39:02 GMT

Scholz expects movement of Euro clearing to Frankfurt

The Finance Minister of Germany Olaf Scholz stated on Thursday he expected that a major part of Euro clearing would gradually move to continental Europe and Frankfurt.

Thu, 30 Aug 2018 08:34:38 GMT

Shen Jinlong to visit US

The China's Defence Ministry stated on Thursday that its Navy commander Shen Jinlong will make an official visit to the United States next month to discuss escalating trade tensions between two countries.

Thu, 30 Aug 2018 07:03:33 GMT

Pound remains stable after EU offers UK a post-Brexit relationship

The Pound Sterling remained stable in the Asian session on Thursday after the European Union offered Britain a post-Brexit partnership.

Thu, 30 Aug 2018 07:03:19 GMT

Hyundai to exports China-made vehicles to Southeast Asia

According to reports, Hyundai Motors Co planned to exports China-made vehicles to Southeast Asia.

Thu, 30 Aug 2018 06:22:38 GMT

Asia shares retrace amid China-US trade war

Asian shares pullback earlier gains and decline on Thursday, with Chinese markets, focused heavily on risks from the US-China trade tensions.

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