News

Tue, 16 Jan 2018 04:03:31 GMT

Hyundai labour union members accept wage deal

Hyundai's labour union stated that its members have accepted a tentative wage agreement its leaders negotiated with the company's management.

Tue, 16 Jan 2018 04:00:54 GMT

Frd set to invest $11B in electrified vehicles by 2020

Ford Motor is expected to increase significantly its electric vehicle investment to $11B by 2022 and have 40 fully electric and hybrid cars in the model lineup.

Tue, 16 Jan 2018 02:55:56 GMT

Australian new motor vehicle sales rise in December

Australian new motor vehicle sales jumped 4.5% last month, following November's rise of 0.2%, according to the ABS.

Tue, 16 Jan 2018 02:54:44 GMT

Japanese producer prices miss forecasts

The Bank of Japan reported on Tuesday that its PPI rose 3.1% in December, after climbing 3.6% in the previous month, whereas analysts anticipated a 3.3% increase.

Mon, 15 Jan 2018 21:11:14 GMT

BoE still has time

In a speech on Monday one of the BoE policy makers SIlvana Tenreyro revealed that the central bank still considers that it has ample time before it should consider a rate hike.

Mon, 15 Jan 2018 21:10:58 GMT

Bank of England representative reveals watched macros

BoE policymaker Silvana Tenreyro on Monday revealed in a speech that most recently the bank has been watching unit labour costs and inflation as a guide for monetary policy.

Mon, 15 Jan 2018 20:19:37 GMT

Analysts warn about US oil production

According to Reuters some analysts are warning that the increasing US oil production might cause a decline in oil prices, which continue to trade at historical high levels.

Mon, 15 Jan 2018 20:18:12 GMT

Oil prices remain near high levels

On Monday oil prices remained near three year high levels. The prices reached high levels due to OPEC and Russian production cuts.

Mon, 15 Jan 2018 19:07:53 GMT

France anticipates Britain to take more asylum seekers

France anticipated the UK to pay more for security of the border and take more refugees in order to keep a frontier on the Channel's French side, France's government official stated.

Mon, 15 Jan 2018 19:06:25 GMT

Canada's government to invest C$49M in Linamar

The Government of Canada stated that it intended to invest C$49M to support an extension auto parts producer Linamar, helping to create 1,5K jobs in the country.

Mon, 15 Jan 2018 18:13:53 GMT

Canada's home sales increase for fifth month in December

Resales of Canada's houses grew 4.5% in December, rising for the fifth month in succession, as the activity accelerated to avoid changes in mortgage rules, the CREA stated.

Mon, 15 Jan 2018 18:12:52 GMT

Russia's economy shrinks unexpectedly in November

Russian GDP growth slowed 0.3% year-over-year in November, missing expectations for a 1.5% rise, hit by a decline in industrial production.

Mon, 15 Jan 2018 16:59:45 GMT

Profit of China government-owned enterprises rose 15.2% in 2017

Total profit of Chinese central government-owned enterprises rose 15.2% to $217.5B in the year of 2017, the Xinhua reported on Monday.

Mon, 15 Jan 2018 16:59:00 GMT

BoC to hike rates in early 2018, despite NAFTA uncertainties

The Bank of Canada is set to kick off the current year by raising interest rates, encouraged by solid job growth, despite lingering uncertainties surrounding NAFTA.

Mon, 15 Jan 2018 16:10:18 GMT

Lloyd's to open unit in Brussels next year

Lloyd's of London, the leading insurance market, was on track to begin operating at its unit in Brussels until January 2019, the CEO stated on Monday.

Mon, 15 Jan 2018 16:09:50 GMT

China's GDP growth to slow in Q4 on pollution, dept clampdown

Chinese economic growth is likely to slow down modestly in the December quarter, as the country's government expanded a crackdown on factory pollution and debt risks.

Mon, 15 Jan 2018 15:25:00 GMT

French minister urges Euro zone to make reforms by 2019

France's Finance Minister Bruno Le Maire called on the Euro zone to take the first steps towards its economic regulations reforms by the 2019-start.

Mon, 15 Jan 2018 15:16:48 GMT

BMW optimistic about NAFTA talks outcome

BMW stated on Monday it was optimistic that Washington's renegotiation on NAFTA would result in the most favourable outcome for the German automaker.

Mon, 15 Jan 2018 14:31:25 GMT

German automakers view further US market share rise

According to VDA industry lobby, German carmakers forecast further US market share gains in 2018 driven by new models, despite a slightly falling demand in the car market.

Mon, 15 Jan 2018 14:06:25 GMT

Madrid to rule Catalonia despite ex-leader's re-election

The Spanish PM Mariano Rajoy stated that Madrid would keep ruling Catalonia's regional administration, even if the self-exiled former head Carles Puigdemont was chosen as its President.

Mon, 15 Jan 2018 13:33:53 GMT

Britain aims to cut damage after Carillion's collapse

The UK government is seeking to limit the damage caused by Carillion's collapse on Monday and ensure public services have not been disrupted.

Mon, 15 Jan 2018 13:23:06 GMT

Samsung seeks to double Africa's revenue shares

Samsung Electronics is planning to double its Africa's annual revenue contribution to 20% of the company's global total in the following five years, its business head stated on Monday.

Mon, 15 Jan 2018 11:59:53 GMT

Koreas to hold talks over Olympics on Wednesday

South and North Korea agreed to discuss February's Winter Olympics on Wednesday, January 17, as North seeks its athletes to participate in the games.

Mon, 15 Jan 2018 11:59:40 GMT

Airbus to speed up jet production by 2020

Airbus is planning to beat its rival Boeing by accelerating its jet production in 2020, yet forecasting about 800 aircraft deliveries in 2018.

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