News

Sat, 27 Jan 2018 05:35:55 GMT

Embraer: Canada illegally subsidizes Bombardier

The Brazilian plane maker Embraer says that the Canada "heavily and illegally subsidizes" Bombardier and its CSeries program, distorting the aviation industry.

Sat, 27 Jan 2018 05:35:10 GMT

Airbus to continue with new assembly line in US after CSeries verdict

Airbus plans to build a new assembly line in Alabama after the US International Trade Commission voted 4-0 to block US tariffs on the Canadian jet.

Sat, 27 Jan 2018 04:14:02 GMT

Cryptocurrency exchange in Tokyo loses $534M after being hacked

Tokyo's leading cryptocurrency exchange Coincheck was hacked and lost virtual money nearly $534M worth, the local broadcaster reported.

Sat, 27 Jan 2018 04:13:26 GMT

Samsung to close one of assembly plants in Slovakia

Samsung Electronics announced that the company would consolidate TV production plants in Slovakia by closing one of the two the country's production facilities.

Sat, 27 Jan 2018 03:33:59 GMT

Lockheed wins $459M defence contract with US

Lockheed Martin was being awarded a modification of $459M to an earlier awarded contract for additional THAAD interceptors and related services production.

Sat, 27 Jan 2018 03:32:34 GMT

US CFTC to fine HSBC, UBS and Deutsche Bank for manipulation

The US derivatives regulator is expected to announce that it has fined the HSBC, Deutsche Bank and UBS millions of dollars each due to manipulation in the country's futures market.

Fri, 26 Jan 2018 21:08:59 GMT

US ITC backs Bombardier in dispute with Boeing

The US International Trade Commission (ITC) decided on Friday not to impose on Canada's Bombardier weighty tariffs on sales of its CSeries planes to local carriers, thus rejecting Boeing's claim.

Fri, 26 Jan 2018 21:01:05 GMT

Embraer wants WTO to check Bombardier

Brazilian aircraft maker Embraer stated on Friday it supports his country's request to the World Trade Organization (WTO) to examine whether Canadian Bombardier received "billions of dollars of subsidies".

Fri, 26 Jan 2018 20:13:53 GMT

Macron wants to impose new sanctions on Venezuela

On Friday, the President of France Emmanuel Macron called the European Union to impose another set of sanctions against Venezuela, referring to growing authoritarianism of its government.

Fri, 26 Jan 2018 20:08:40 GMT

USA Gymnastics board to quit amid sex scandal

According to the USA Gymnastics group spokeswoman Leslie King, all remaining members of the board will resign amid the scandal related to sexual abuse of female athletes, thus complying with the US Olympic Committee's demand.

Fri, 26 Jan 2018 19:05:46 GMT

Turkey plans to extend military operation to eastern Syria

The President of Turkey Tayyip Erdogan stated on Friday that military operation against the Kurdish YPG militia in northern Syria is likely to extend right up to the border with Iraq.

Fri, 26 Jan 2018 19:05:30 GMT

SDF warns Turkey against continuation of offensive

In a statement published on Friday, the US-backed Syrian Democratic Forces (SDF) promised to give Turkey "the appropriate response" if it decides to extend offensive to the frontier with Iraq.

Fri, 26 Jan 2018 18:08:00 GMT

Jordan to end bread subsidies

On Friday, the Jordanian government said it will finish provision of subsidies on staple pitta bread in order to alleviate the country's budget.

Fri, 26 Jan 2018 18:07:53 GMT

Russia sees no obligation to comply with US sanctions on North Korea

The Deputy Foreign Minister Igor Morgulov stated on Friday that Russia has no duty to comply with sanctions unilaterally imposed by the United States on North Korea.

Fri, 26 Jan 2018 17:03:24 GMT

US economy expands at weaker pace in Q4 amid surging exports

The US economy revealed a slower-than-anticipated growth pace of 2.6% in the Q4, compared with 3.2% in the prior quarter, with solid consumer spending resulting in an increase in imports.

Fri, 26 Jan 2018 17:03:15 GMT

Canadian inflation dips in December on lower gasoline prices

Statistics Canada stated that the country's consumer price growth was at 1.9% in December, cooling from 2.1% registered in the prior month, due to a decline in gasoline prices.

Fri, 26 Jan 2018 15:51:37 GMT

US durable goods orders up 2.9% in December

The Census Bureau stated that the US durable goods orders rose 2.9% over the course of December, following an upwardly revised 1.7% gain in the previous month.

Fri, 26 Jan 2018 15:51:13 GMT

Britain's economic growth picks up, while Brexit effect falls

The UK gross domestic product rose at the strongest pace of 2017, surging 0.5% in the December quarter, as Brexit was weighing less on the country's economy.

Fri, 26 Jan 2018 15:20:11 GMT

FedEx to spend over $3.25B amid tax law changes

On Friday, the package delivery firm FedEx stated it was planning to spend over $3.2B in wage rise, bonuses, capital investment and pension funding, taking the lower tax rates advantage.

Fri, 26 Jan 2018 15:14:18 GMT

Spain aims to prevent Puigdemont from leading Catalonia

Spanish government called on the Constitutional Court on Friday to block the former leader Carles Puigdemont's bid to become Catalonia's President again.

Fri, 26 Jan 2018 14:32:08 GMT

Spain expels Venezuelan ambassador in tit-for-tat move

Spain's government has expelled Venezuelan ambassador in Spain on Friday, declaring the official "persona non grata", following Venezuela's equivalent move on Thursday.

Fri, 26 Jan 2018 14:28:00 GMT

Colgate-Palmolive Q4 sales miss forecasts

On Friday, Colgate-Palmolive posted a 4.5% rise to $3.9B in its Q4 sales, missing analysts' expectations for a $3.92B reading, while the company's shares plunged 3% to $74.90.

Fri, 26 Jan 2018 13:17:47 GMT

ECB needs to monitor exchange rates' impact on inflation

The ECB governing council's official Francois Villeroy de Galhau stated on Friday that the European Central Bank must monitor the impact, which the exchange rates had on the inflation prospects.

Fri, 26 Jan 2018 13:17:30 GMT

Atlas Copco shares drop 3% after Q4 misses forecasts

Shares of the compressor and underground mining equipment maker Atlas Copco fell 3% on Friday, following a report on its Q4 operating profit that missed forecasts for a demand to stay on hold.

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