News

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.

Tue, 14 Nov 2017 06:00:22 GMT

Iran and Iraq earthquake death toll exceeds 450

The death toll from the magnitude 7.3 earthquake that hit western provinces of Iran on Monday exceeded 450, local media reported.

Tue, 14 Nov 2017 05:21:26 GMT

Oil prices plunge to $62.94

On Tuesday, crude oil prices decreased by 0.35%, reaching $62.94 a barrel, as the perspective of further rises in the US output undermined continuing production cuts led by OPEC-plus.

Tue, 14 Nov 2017 05:15:05 GMT

Four countries boycott UNSC meeting on Venezuela

On Monday, Russia, China, Bolivia and Egypt boycotted an unofficial United Nations Security Council (UNSC) session on Venezuela, arguing that international community should not interfere into its domestic affairs.

Tue, 14 Nov 2017 04:31:41 GMT

Google extends takedown of extremist videos on YouTube

Alphabet's Google started to remove extremist videos from YouTube, the company said, a major shift of policies, as social media firms face rising pressure from governments.

Tue, 14 Nov 2017 04:29:03 GMT

China's industrial output growth slows in October

Chinese industrial production increased 6.2% in October, following a 6.6% gain in the prior month, while growth momentum slowed as the government cracked down on pollution and debt risks.

Tue, 14 Nov 2017 03:30:30 GMT

Bombardier advances talks with EgyptAir on CSeries deal

The Canadian train and plane producer Bombardier negotiated with EgyptAr on a potential order for CSeries planes, which includes 12 CS300 jets worth $1.1B.

Tue, 14 Nov 2017 03:27:07 GMT

UK May promises to protect Europe from Russia's threats

Britain's PM Theresa May stated that the government would keep its commitment to post-Brexit protecting of Europe, as she accused Russia of election meddling and military aggression.

Mon, 13 Nov 2017 20:56:09 GMT

US runs budget deficit of $63B in October

The Treasury Department stated that the US Federal Government had a $63B deficit in the month of October as Washington increased spending.

Mon, 13 Nov 2017 20:55:29 GMT

New York DFS fines Credit Sussie $135M on forex practices

Credit Sussie agreed to pay $135M to solve allegations that its forex traders defrauded customers and attempted to manipulate prices of currencies, the NY state regulator said.

Mon, 13 Nov 2017 20:16:43 GMT

BoJ to proceed with monetary easing to fuel inflation

The Bank of Japan would continue to stick to powerful monetary easing in a bid to boost inflation growth, the Bank's Governor Haruhiko Kuroda stated.

Mon, 13 Nov 2017 20:14:57 GMT

EU governments sign defence pact

Germany and France and 21 other EU governments signed a pact to develop, deploy and fund armed forces, reaching an ambition to integrate European defences.

Mon, 13 Nov 2017 19:07:27 GMT

China's JD.com shares rise on high quarterly profit

Chinese e-commerce company's JD.com shares rose more than 7%, as it reported the strongest ever quarterly profit of $151M in three months to September, beating forecasts for a loss.

Mon, 13 Nov 2017 19:05:22 GMT

Airbus to increase capacity of its A350 jet

Airbus is set to work on raising capacity of the company's A350-900 jet, as airlines seek to diminish operating cost per seat, the industry's executives stated.

Mon, 13 Nov 2017 18:03:45 GMT

Russia's GDP grows 1.8% in Q3, economic recovery goes slow

The Russian GDP grew at a 1.8% yearly pace in the September quarter of 2017, while the economy was slowly recovering from crisis caused by a massive fall in oil prices.

Mon, 13 Nov 2017 18:02:50 GMT

Shell to sell its Woodside Petroleum stake part for $1.7B

Royal Dutch Shell is set to sell part of the company's stake in Woodside Petroleum, the largest independent oil and gas firm in Australia, to equity investors for nearly $1.7B.

Mon, 13 Nov 2017 17:06:16 GMT

CEOs ask May to quicken Brexit negotiations

Business leaders urged the UK Prime Minister Theresa May to speed up talks with the EU due to concerns that Britain would quit the largest trading bloc without an agreement.

Mon, 13 Nov 2017 17:02:21 GMT

IMF expects Mexico GDP growth at 1.9% next year

The economy of Mexico would expand 1.9% over the course of 2018, while this year's GDP growth is likely to be at 2.1%, the International Monetary Fund said.

Mon, 13 Nov 2017 16:13:38 GMT

OPEC expects larger oil supply deficit in 2018

OPEC raised its projection for demand for oil in the next year, as its agreement with other producers to cut production is expected to put the global oil market into greater deficit in 2018.

Mon, 13 Nov 2017 16:12:37 GMT

ECB policy to remain easy as inflation growth lags

The European Central Bank's monetary policy is likely to remain accommodative, as inflation in the Euro zone keeps lagging behind its 2% target, the Bank's Vice President said.

Mon, 13 Nov 2017 15:31:56 GMT

Trump to nominate Alex Azar as Health Secretary

The US President Donald Trump stated on Monday that he was eager to appoint the former pharmaceutical firm executive Alex Azar as a new US Secretary for Health and Human Services.

Mon, 13 Nov 2017 15:23:13 GMT

Pfizer appoints Albert Bourla as new COO

On Monday, the US drugmaker Pfizer appointed Albert Bourla as the company's new Chief Operating Officer, who is set to start his position on January 1.

Mon, 13 Nov 2017 14:31:24 GMT

OPEC, allies not eager to defer decision on oil cut extension

OPEC and its allies are unlikely to delay their decision scheduled for a November 30 meeting on whether to extend the global pact to cut oil supply in 2018.

Mon, 13 Nov 2017 14:08:55 GMT

Tyson Foods beats profit forecasts on low-cost feed

The US meat producer Tyson Foods' quarterly revenue and earnings topped analysts' estimates as its low-cost animal feed provided a boost and a strong demand.

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