News

Wed, 17 Jan 2018 16:30:31 GMT

US Capacity Utilisation Rate tops expectations

According to the data released by the Federal Reserve on Wednesday, capacity utilisation increased to 77.9%, topping analysts' expectations for a surge to 77.3%.

Wed, 17 Jan 2018 15:34:14 GMT

IBM shares jump amid Barclays's double upgrade

Shares in IBM surged 2% on Wednesday after Barclays's double-notch upgrade for the tech company ahead of the Q4 results on Thursday.

Wed, 17 Jan 2018 15:04:37 GMT

Turkey, Russia discuss Syria in phone conversation

The Turkish Foreign Minister Mevlut Cavusoglu and his Russian counterpart Sergei Lavrov discussed Syria by phone on Wednesday, seeking for a solution to its crisis and humanitarian situation.

Wed, 17 Jan 2018 14:31:56 GMT

Rolls-Royce's shares up on commercial marine unit sale

On Wednesday, shares of Rolls-Royce surged to 7.2%, following the company's announcement about possible sale of its struggling commercial marine unit as part of the restructuring into three main units.

Wed, 17 Jan 2018 14:25:16 GMT

Britain should give more time to save jobs linked to Carillion

Britain's government needs to give companies more time to preserve Carillion-linked jobs, following the infrastructure firm's collapse on Monday.

Wed, 17 Jan 2018 13:31:53 GMT

Top Venezuela officials to face EU sanctions next week

The European Union is likely to impose sanctions on seven senior Venezuela' s officials starting the next week amid bloc's intention to pressure the President Nicolas Maduro over political crisis.

Wed, 17 Jan 2018 13:27:45 GMT

France, Britain to sign new immigration pact

Britain and France are planning to sign a new immigration agreement during the President Emmanuel Macron's visit to Britain on Thursday.

Wed, 17 Jan 2018 12:00:45 GMT

Nestle sells US candy

The Swiss food group has decided to sell its confectionery business to Ferrero. The deal is set to be worth $2.8 billion.

Wed, 17 Jan 2018 11:59:41 GMT

Euro threatens bond traders

The recent Euro appreciation has started to threaten the profitable bond traders, as European overseas investors see their profits eroded.

Wed, 17 Jan 2018 10:57:08 GMT

GE names new head for EU region

According to General Electric's statement, the industrial conglomerate appointed Peter Stracar as its new CEO and President of the European region.

Wed, 17 Jan 2018 10:56:59 GMT

StanChart establishes fintech investment unit

On Wednesday, Standard Chartered announced it had created a new business unit called Dubbed SC Ventures with intention to promote innovation and invest in financial technology.

Wed, 17 Jan 2018 09:58:18 GMT

Juncker hopes Britain to rejoin EU

The President of the European Commission Jean-Claude Juncker stated on Wednesday he would like Britain to rejoin the bloc after the next year's Brexit.

Wed, 17 Jan 2018 09:58:07 GMT

Ex-Barclays forex trader charged with fraud

The US DoJ charged the former Barclays foreign exchange trader Robert Bogucki over the alleged role in a fraud scheme towards bank's client.

Wed, 17 Jan 2018 09:28:07 GMT

Catalonia's Parliament to discuss government formation

The Catalan Parliament is eager to meet on Wednesday, making its first step towards local government's formation, following December's elections, despite an obscurity on its plans to split from Spain.

Wed, 17 Jan 2018 09:18:15 GMT

VW posts 4.3% gain in 2017 sales

Volkswagen reported a 4.3% gain to 10.7M vehicles in 2017 sales, as the company seeks to reach the top of the world's largest carmaker list.

Wed, 17 Jan 2018 08:30:25 GMT

Russia urges for talks between Afghanistan and Taliban

On Wednesday, Russia called the Afghan government and the Taliban for urgent talks over the civil war, adding it could host negotiations, if needed.

Wed, 17 Jan 2018 08:27:00 GMT

Nations seeks sanctions on North Korea

On Tuesday, twenty nations agreed to consider imposing severe sanctions on North Korea amid its nuclear weapon programme, warning its refusal to negotiate could trigger military response.

Wed, 17 Jan 2018 07:33:46 GMT

Indonesia's President Widodo replaces social affairs minister

On Wednesday, the President of Indonesia Joko Widodo replaced the Cabinet's social affairs minister and picked a new head of staff in his five-year term's modest reshuffle.

Wed, 17 Jan 2018 07:30:15 GMT

Washington advances bill to resume NSA surbeillance programme

On Tuesday, the US Senate advanced a bill in order to resume the National Security Agency's Internet surveillance programme, as privacy advocates aim to derail the rule that appeared one vote short.

Wed, 17 Jan 2018 05:50:23 GMT

GM work together with DHL

The employees of General Motor's Chinese assembly factory are working together with DHL employees in a joint effort to improve the logistics of the production plant.

Wed, 17 Jan 2018 05:50:14 GMT

Analysts warn of oil price decrease

During early Wednesday trading Oil prices were decreasing, as analysts warned that, after a 13% gain during the last month, a price consolidation period should take place.

Wed, 17 Jan 2018 05:21:44 GMT

Microsoft tops Reuters list

Reuters on Wednesday released its Top 100 Global Technology Leaders list. This time Microsoft is on the top spot, followed by Intel and Cisco Systems.

Wed, 17 Jan 2018 05:20:55 GMT

Large US lenders benefit due to Fed

The US Federal Reserve began to increase interest rates a year ago. As it turns out today, the largest benefiters have been the biggest lenders in the US, because depositors have now stored $11.95 trillion.

Wed, 17 Jan 2018 04:31:56 GMT

Japan machinery orders surge 5.7% in November

Japan's machinery orders rose 5.7% to the strongest level in decades in November, indicating that companies got ready to spend massive cash piles to encourage economic growth.

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