News

Wed, 17 Jan 2018 04:28:02 GMT

Australian home loans grow 2.1% in November

The Australian Bureau of Statistics stated that the country's home loans increased 2.1% month-over-month in November, following a 0.6% decline in the prior month.

Tue, 16 Jan 2018 21:32:54 GMT

Railroad operator CSX reports 6% decline in quarterly revenue

The third-largest US railroad operator CSX Corp reported a 6% decline in fourth quarter revenue compared to the third quarter.

Tue, 16 Jan 2018 21:32:15 GMT

ECB to continue bond buying

The European Central Bank is likely to continue to buy bonds as policymakers need more time to assess the economic outlook.

Tue, 16 Jan 2018 20:38:23 GMT

US to give $60M in aid to Palestine

The United States plans to provide $60M in aid to Palestinians, but cut another $65M for now, a US official says.

Tue, 16 Jan 2018 20:37:30 GMT

Chinese car producer Chery to adopt Nvidia's self-driving tech

China's Chery Automobile Co plans to adopt Nvidia's self-driving technology that it has researched with Baidu and ZF Friedrichshafen AG.

Tue, 16 Jan 2018 19:24:06 GMT

World Bank: Russia should spend more on education, health care

Russia should spend more on education and health care after the presidential election in March, the World Bank's Chief Executive Officer Kristalina Georgieva says.

Tue, 16 Jan 2018 19:23:20 GMT

Trump wants more immigrants from all nations

The US President Donald Trump says he wants to attract more talented immigrants from countries all around the world.

Tue, 16 Jan 2018 18:05:17 GMT

China's Xi and Trump discuss North Korea

The US President Donald Trump and the Chinese President Xi Jinping on Monday discussed tensions between North Korea and South Korea, the White House says.

Tue, 16 Jan 2018 18:04:39 GMT

Neste sells US confectionery business

Swiss food group Nestle plans to sell its US candy business to Ferrero for $2.8B, the Chief Executive Officer Mark Schneider says.

Tue, 16 Jan 2018 17:35:02 GMT

Citigroup posts $18B losses on one-time items

Citigroup reported an $18B quarterly loss due to charges, caused by a new tax law in the US, but the bank's management signaled that it would set higher financial performance goals.

Tue, 16 Jan 2018 17:34:03 GMT

IBM, Maersk to launch trade platform based on blockchain

The largest container shipping company A.P. Moller-Maersk and IBM are set to create a blockchain-based trading platform to accelerate trade, save billions of the US dollars.

Tue, 16 Jan 2018 16:29:23 GMT

GM expects earnings to be flat in 201

General Motors shares grew on Tuesday, as the company announced expectations for earnings to be mostly flat this year, compared with 2017, and projected an increase in 2019.

Tue, 16 Jan 2018 16:28:28 GMT

GE to take $6.2B charge from insurance portfolio

General Electric is expected to take a $6.2B hit in its Q4 results for a decade-old insurance portfolio, which covers long-term healthcare costs.

Tue, 16 Jan 2018 15:34:33 GMT

Citigroup's profit tops forecasts

On Tuesday, Citigroup posted a quarterly profit, topping the Wall Street estimates as growth in the global consumer banking business, driven by Asia's solid gains.

Tue, 16 Jan 2018 15:28:52 GMT

Syria's opposition urges Trump, EU to pressure Russia, Iran

Syria's opposition called on the US President Donald Trump and the European Union to put more pressure on Iran's Bashar al-Assad and his Russian allies over talks to end Syrian civil war.

Tue, 16 Jan 2018 14:32:35 GMT

South Africa plans to offer free university education

On Tuesday, South Africa's Finance Minister Malusi Gigaba stated that the government considered introducing free university education aimed at students from poor households.

Tue, 16 Jan 2018 14:27:48 GMT

Global automakers to invest around $90B in EVs

Ford Motor became the latest carmaker to invest in batteries and electric vehicles, totalling the investment amount with $90B, a Reuters analysis showed.

Tue, 16 Jan 2018 13:33:24 GMT

Uber to introduce six-hour mandatory breaks for UK drivers

Uber stated that its UK drivers would have now a mandatory six-hour break, after 10 hours of passenger carriage in total, responding to a criticism the taxi app faced over excessive labour hours.

Tue, 16 Jan 2018 13:22:22 GMT

PM May's spokesman says Britain to leave EU

On Tuesday, a spokesman for the Prime Minister Theresa May stated that Britain would leave the European Union in response to the EU leader Donald Tusk's suggestion it could change its mind.

Tue, 16 Jan 2018 12:22:02 GMT

Japanese top business lobby urges firms to lift wages by 3%

Japanese top business lobby has called on companies on Tuesday to raise wages by 3% during the annual negotiations with unions over salary, as the government seeks to encourage inflation.

Tue, 16 Jan 2018 11:10:27 GMT

ECA warns about flawed ECB's crisis management procedure

The European Court of Auditors said on Tuesday that the crisis management procedure of the European Central Bank was deficient and inefficiently implemented.

Tue, 16 Jan 2018 11:09:10 GMT

BOE Deputy Governor: financial exposure to Carillion is ‘entirely manageable'

Sam Woods, the Deputy Governor of the Bank of England, explained on Tuesday that the exposure of insurers and banks to the bankruptcy of Carillion was ‘entirely manageable'.

Tue, 16 Jan 2018 10:36:01 GMT

Kosovan Serb leader Ivanovic shot dead in Mitrovica

On Tuesday, the Kosovo Serb leader Oliver Ivanovic, accused of murdering ethnic Albanians during the 1998-1999 war, was shot dead in Mitrovica.

Tue, 16 Jan 2018 10:29:07 GMT

UAE to file complaint against Qatar at UN aviation agency

The United Arab Emirates is eager to file an aviation complaint against Qatar on Tuesday, following Qatari fighter jets' interception of the Emirati civilian aircraft during its flights to Bahrain.

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