News

Fri, 02 Feb 2018 16:16:35 GMT

British construction sector stagnates on political uncertainties

The Markit/CIPS stated that the UK construction PMI decreased to 50.2 in January, as Brexit uncertainties caused a dry up in new orders.

Fri, 02 Feb 2018 16:15:44 GMT

US hiring expands, wages grow further in January

The US job growth accelerated in January, while wages revealed the strongest annual gain since 2009, fuelling expectations that inflation would rise to the Fed's target this year.

Fri, 02 Feb 2018 15:29:06 GMT

Guess shares plunge after Kate Upton's allegations

On Thursday, shares in Guess plummeted more than 17%, after a model Kate Upton had tweeted about company's executive accusing him of sexual harassment toward women.

Fri, 02 Feb 2018 15:08:17 GMT

Embraer agrees to form commercial jet JV with Boeing

Brazil's planemaker Embraer had accepted Boeing's offer to form a commercial jet joint venture, not involving Embraer's military division, Globo TV reported on Friday.

Fri, 02 Feb 2018 14:27:05 GMT

German vehicle production halted due to 24-hour strikes

On Friday, German car plants were stalled amid the third day of the 24-hour strikes that focused on factories owned by Porsche, BMW, Audi and Mercedes-Benz.

Fri, 02 Feb 2018 12:59:28 GMT

Uzbek ambassador Karimova-Tillyaeva resigns

On Friday, the former Uzbekistan leader Islam Karimov's daughter Lola Karimova-Tillyaeva resigned as the Uzbek UNESCO representative, seeking to focus on her personal projects in education and charity.

Fri, 02 Feb 2018 12:43:56 GMT

Hon Hai seeks investing $342M in industrial Internet, AI

One of the Apple main suppliers Hon Hai that is also known as Foxconn is planning to invest $342M in artificial intelligence and industrial Internet's related spheres.

Fri, 02 Feb 2018 12:17:27 GMT

Slovakia considers buying Gripen or F-16s fighter jets

The Defence Ministry of Slovakia is in talks to purchase either Swedish Gripen or American F-16s fighter jets as it seeks replacing its Russian-made aging MiG-29s.

Fri, 02 Feb 2018 12:07:08 GMT

Daimler ready for alliances, mobility service partial listing

On Friday, the German carmaker Daimler stated that it was open to broader alliances or partial listings of the company's mobility services operations that also include car sharing.

Fri, 02 Feb 2018 10:54:06 GMT

Honda increases profit outlook by 4%

The Japanese car manufacturer Honda Motor Co Ltd raised its full-year profit forecast by 4% on Friday in response to stronger sales in the Asian market, especially China.

Fri, 02 Feb 2018 10:52:30 GMT

Ford's joint venture in China to recall 500k cars

Changan Ford, Ford's joint venture with the Chinese Chongqing Changan Automobile Co, is to recall around 500 000 vehicles due to brake issues.

Fri, 02 Feb 2018 10:32:46 GMT

Alphabet misses quarterly profit forecasts

The US technology firm Alphabet stated on Thursday its Q4 profit had missed the estimates for $7B or $10 per shares, reporting a $6.8B reading or $9.70 per share, lowered by company's spending growth.

Fri, 02 Feb 2018 10:22:01 GMT

Sony posts best-ever Q3 profit, sees new annual record

On Friday, Japanese Sony reported the best-ever Q3 operating profit of 350.8B yen driven by a rising demand for company's image sensors, and raised its annual profit forecast to 720B yen.

Fri, 02 Feb 2018 09:33:10 GMT

US to announce arms embargo against South Sudan

The United Stated is eager to impose an arms embargo on South Sudan, putting more pressure on its President Salva Kiir with intention to end the humanitarian crisis and civil war in the country.

Fri, 02 Feb 2018 09:26:16 GMT

PM May: Brexit transition deal to be agreed 1.5 months

On Friday, the Prime Minister Theresa May stated that the Brexit transition deal with the European Union was expected to be agreed in the following seven weeks.

Fri, 02 Feb 2018 08:33:42 GMT

Indian "Modicare" plan to cost nearly $1.7B a year

A source familiar with the matter stated that India's PM Narendra Modi's scheme to prove half of the country's population with health insurance would cost about $1.72B in state and federal funding each year.

Fri, 02 Feb 2018 08:28:39 GMT

Alibaba invests $146M in India's BigBasket

China's Alibaba invested $146M in India's online grocer BigBasket in a move to strengthen its position in the online retail space of the country and challenge its US rival Amazon.com.

Fri, 02 Feb 2018 07:33:53 GMT

Alphabet appoints Hennesy as chairman to replace Schmidt

Alphabet has named the board veteran John Hennessy as the company's new chairman to succeed its current Executive Chairman Eric Schmidt, who is set to retire on February 15.

Fri, 02 Feb 2018 07:31:57 GMT

Regulator warns Coincheck to fix flaws ahead of cyber theft

On Friday, Japanese regulator stated it had called on the cryptocurrency exchange Coincheck to fix its computer network's flaws ahead of hacker's theft of $530M of digital money the previous week.

Fri, 02 Feb 2018 06:14:39 GMT

CFTC imposes $70M fine on Deutsche Bank Securities

The US Commodity Futures Trading Commission has ordered Deutsche Bank Securities Inc. to pay a civil penalty of $70M for manipulation of the ISDAFIX interest-rate benchmark.

Fri, 02 Feb 2018 06:14:20 GMT

Turnbull to visit White House in February

A statement released by the White House late on Thursday revealed the US President Donald Trump will host Australia's PM Malcolm Turnbull at the White House on 23 February 2018.

Fri, 02 Feb 2018 05:25:00 GMT

US job growth expected to accelerate in January

According to a Reuters poll of economists, US non-farm payrolls have presumably risen by 180K in January, pointing to the strong economic momentum in the beginning of the year. 

Fri, 02 Feb 2018 05:23:27 GMT

Yoshida to replace Sony's Hirai

On Friday, Sony said that Kenichiro Yoshida, its Chief Financial Officer, is going to replace Kazuo Hirai on the post of the firm's CEO starting from 1 April 2018.

Fri, 02 Feb 2018 04:35:35 GMT

Amazon reports biggest profit in history on tax boost, sales

Amazon reported an almost $2B profit, the largest in the company's history, amid strong sales and benefits from the US tax reform.

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