News

Tue, 14 Nov 2017 19:08:02 GMT

Peugeot, Huawei to cooperate on connected car software

PSA Group is set to establish connected vehicle development system in cooperation with China's telecoms company Huawei, the French automaker stated.

Tue, 14 Nov 2017 18:03:59 GMT

Home Depot raises full-year projections as hurricanes foster demand

The largest US home enhancement chain Home Depot lifted full-year sales and profit expectations, as Hurricanes Irma and Harvey spurred demand for rebuilding materials.

Tue, 14 Nov 2017 18:03:13 GMT

May's Brexit offer to hurt EU citizens

The EP Brexit coordinator criticised the British PM Theresa May's offer on settled status for residents of the EU, as they would stay with fewer rights in the post-Brexit period.

Tue, 14 Nov 2017 17:22:39 GMT

Bullard wants Fed to keep interest rates unchanged

James Bullard, the Fed of St. Louis President, stated that the Federal Reserve should maintain its key interest rates at current levels unless there is an upmove in inflation.

Tue, 14 Nov 2017 17:20:42 GMT

US producer prices increase 0.4% in October

The US Producer Price Index grew more than expected 0.4% in the month of October, fuelled by higher costs of services, the Labour Department stated.

Tue, 14 Nov 2017 16:21:44 GMT

Britain's consumer prices grow 3.0% in October

The UK consumer inflation held steady at 3.0% in October, despite expectations for a 3.1% increase, raising questions on how fast the BoE would hike interest rates in the future.

Tue, 14 Nov 2017 16:19:59 GMT

Germany's GDP grows 0.8% in third quarter

German economy expanded at a stronger-than-anticipated 0.8% growth pace in the September quarter, driven by rising exports and higher investment in equipment, Destatis said.

Tue, 14 Nov 2017 15:30:35 GMT

Indian trade balance rises to $14.02B in October

According to the government data reported on Tuesday, India's trade deficit widened to $14.02B in October, compared to prior month's $8.98B rate.

Tue, 14 Nov 2017 15:25:00 GMT

Deutsche Bank's Cryan meets HNA's chief

Deutsche Bank's CEO John Cryan met last week with the chief of the bank's major shareholder HNA Adam Tan in Frankfurt, not disclosing the details.

Tue, 14 Nov 2017 14:23:09 GMT

US Tillerson, Myanmar's general to meet on Nov. 15

The US State Secretary Rex Tillerson is set to meet with Myanmar's military general on Wednesday, aiming to stress the need to stop violence and stabilise Rakhine state.

Tue, 14 Nov 2017 14:14:48 GMT

GE to build new wind farms in Sweden, Finland

General Electric's power generation unit plans to build a new wind farm in Sweden and Finland, the company's executive Markus Alholm announced on Tuesday.

Tue, 14 Nov 2017 13:31:03 GMT

UAE signs $684M deal for Raytheon laser guided bombs

The military of the United Arab Emirates announced on Tuesday that it had bought the Raytheon laser guided bombs for $684.4M.

Tue, 14 Nov 2017 13:24:18 GMT

Saudi Crown Prince holds talks with Lebanese Patriarch

On Tuesday, the Saudi Crown Prince Mohammed bin Salman met the Lebanese Maronite Christian Patriarch in Riyadh to hold talks over the political crisis in Lebanon.

Tue, 14 Nov 2017 12:27:13 GMT

Japan PM Abe pledges $1B in rural aid to Myanmar

On Tuesday, the Japanese Prime Minister Shinzo Abe offered a $1B development aid to Myanmar's leader San Suu Kyi during the Manila meeting.

Tue, 14 Nov 2017 12:22:47 GMT

Airbus signs draft pact to sell its A320neo jets

Golden Falcon Aviation supplier to Kuwait's Wataniya Airways clinched a $2.7B draft deal for the 25 Airbus A320neo jets at the Dubai Airshow, Airbus stated on Tuesday.

Tue, 14 Nov 2017 10:29:08 GMT

UK grants Tesco provisional permission for Booker takeover

The UK regulator granted Tesco a provisional approval for the $4.9B takeover of the wholesaler Booker on Tuesday, moving the British largest retailer closer to securing new opportunities of growth.

Tue, 14 Nov 2017 10:18:24 GMT

Nepal cancels hydropower factory deal with Gezhouba

Nepal cancelled a $2.5B deal with the Chinese Gezhouba Group over construction of the country's largest hydropower plant due to lapses in the award process.

Tue, 14 Nov 2017 09:30:14 GMT

Tokyo's governor to quit as "Party of Hope" head

The Tokyo governor and the former LDP lawmaker Yuriko Koike is set to step down as the opposition "Party of Hope" head, she stated on Tuesday.

Tue, 14 Nov 2017 09:21:57 GMT

Emirates likely to order extra Boeing 787s on same terms

Dubai's Emirates Airlines stated on Tuesday it could order Boeing's 787 jets under the same commercial conditions as its deal that had been announced on Sunday.

Tue, 14 Nov 2017 08:30:57 GMT

AXA confirms key 2020 targets amid reorganisation

France's insurer AXA confirmed on Tuesday its main 2020 financial targets on the back of the extension of its management shake-up that caused the departure of some senior executives.

Tue, 14 Nov 2017 08:24:04 GMT

Uber Policy Chief for South Asia resigns

Uber's Policy Chief for South Asia and India stepped down from his post in the latest senior departure at the ride-hailing company, the sources familiar with the issue reported.

Tue, 14 Nov 2017 07:34:28 GMT

Australia's citizenship crisis escalates as eighth lawmakers quits

On Tuesday, the eighth Australian lawmaker was forced to leave the Parliament amid dual citizenship that made him ineligible for the office; an incident that deepens citizenship crisis in the country.

Tue, 14 Nov 2017 07:31:40 GMT

SoftBank considers investment in Uber

The Japanese SoftBank group is thinking over investing in Uber; however, no final agreement has been reached at this stage.

Tue, 14 Nov 2017 06:08:23 GMT

General Electric stock hits 5-year low

On Monday, shares in General Electric plunged by 7.2%, as the company's CEO John Flannery presented a plan that will transform the largest US conglomerate into a more focused and smaller enterprise.

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