News

Thu, 02 Nov 2017 15:33:44 GMT

Audi to recall 5K cars for emissions software fix

Audi is likely to recall 5K diesel cars in Europe to fix an emissions control software, as the company discovered the cars emitted too much of nitrogen oxide.

Thu, 02 Nov 2017 14:20:15 GMT

TripAdvisor to provide food delivery service in Europe

TripAdvisor is expected to offer food delivery in nine EU countries under the companies' deal with Takeaway.com, the Dutch online food delivery firm.

Thu, 02 Nov 2017 14:19:18 GMT

Bank of England raises rates to 0.50%

The Bank of England made an key interest rate hike to 0.50% from 0.25%, suggesting further increases to be gradual, mainly driven by the outcome of Brexit talks.

Thu, 02 Nov 2017 13:18:01 GMT

Alibaba's Q3 revenue beats estimates

Alibaba delivered outstanding Q3 results on Thursday, beating the forecasts with a 61% revenue jump, driven by the continuing e-commerce growth.

Thu, 02 Nov 2017 12:57:57 GMT

US initial jobless claims drop 5K last week

The number of applications for US unemployment benefits fell 5K to 229K in the week ending October 28, missing expectations for a 235K surge.

Thu, 02 Nov 2017 12:04:59 GMT

Germany posts 113% jump in refugees in two years

The number of asylum seekers in Germany surged 113% to 1.6M in the past two years, with most refugees fleeing Afghanistan, Syria and Iraq.

Thu, 02 Nov 2017 12:04:16 GMT

Shell Q3 profit exceeds expectations

Shell posted a forecast-beating 47% jump to $4.1B in its Q3 profit on Thursday, boosted by gains in oil refining and trading operations.

Thu, 02 Nov 2017 11:01:13 GMT

Credit Suisse chief says Bitcoin's anonymity poses challenge to banks

The CEO of Credit Suisse Tidjane Thiam said on Thursday that that the digital cryptocurrency Bitcoin presented challenges to banks, especially in terms of anti-money laundering.

Thu, 02 Nov 2017 10:55:30 GMT

Bitcoin surges above $7000 on Thursday

The digital cryptocurrency Bitcoin reached an all-time high of $7000 on Thursday, thus increasing its value seven times since the beginning of 2017.

Thu, 02 Nov 2017 10:22:08 GMT

China's FinMin Xiao Jie expected to resign

The Finance Minister of China Xiao Jie is likely to resign from his post over the following months, following the promotion to the senior Communist Party job.

Thu, 02 Nov 2017 10:02:31 GMT

German unemployment slides 11K in September

The number of unemployed Germans fell 11K in September, exceeding analysts' expectations for a 10K drop, and compared to the prior month's downwardly revised fall of 22K.

Thu, 02 Nov 2017 09:24:55 GMT

Turkey buys Russia's S-400 air defence missiles for $2B

According to the TASS news outlet, Turkey has bought the advance S-400 air defence missile systems from Russia for more than $2B, raising concerns in the United States.

Thu, 02 Nov 2017 09:20:46 GMT

SoftBank secures $23.3B refinancing for ARM, Sprint buys

SoftBank announced on Thursday it had secured a $23.3B top loan deal to refinance the acquisition loans for the UK chip designer ARM and US telecommunication firm Sprint.

Thu, 02 Nov 2017 08:22:08 GMT

Etihad to halt flights to Dallas-Fort Worth in 2018

On Thursday, Etihad Airways announced that it would end the Dallas-Fort Worth route the next year, following American Airlines' decision to halt a codeshare deal between the two carriers.

Thu, 02 Nov 2017 07:59:23 GMT

Samsung Electronics appoints Roh as new CFO

Samsung Electronics named Roh Hee-chan as the company's new Chief Financial Officer to replace the ex-CFO Lee Sang-hoon, putting Roh in charge of a $68B corporate cash pile.

Thu, 02 Nov 2017 07:33:33 GMT

Ousted Pakistani PM to face trial in corruption probe

The ousted Pakistani Prime Minister Nawaz Sharif is set to face trial over the corruption allegations, linked to the London properties that his family owns.

Thu, 02 Nov 2017 07:28:42 GMT

Trump urges death penalty for man accused of NY attack

The US President Donald Trump urged for death penalty for an Uzbek man accused of the truck attack in New York that left eight people dead and a dozen injured.

Thu, 02 Nov 2017 06:30:53 GMT

Iraqi forces threaten to renew operations against Kurds

On Wednesday, the Iraqi forces threatened to resume military operations against the Kurds to capture the Kurdish-held territory over delay of handing over Iraqi borders' control.

Thu, 02 Nov 2017 06:07:37 GMT

Australian trade balance surprises markets

The ABS reported on Monday that the Australian trade surplus widened to $1.75B in September, compared to the prior month's $0.87B and topping analysts' expectations for a surge to $1.42B.

Thu, 02 Nov 2017 05:29:59 GMT

Lenovo posts 11% profit drop in Q2

On Thursday, China's PC maker Lenovo reported an 11% slide in its Q2 profit on supply constraints and difficulties in the personal computer market.

Thu, 02 Nov 2017 05:25:49 GMT

Trump to appoint Powell as next Fed chair on Thursday

The US leader Donald Trump is expected to name Jerome Powell as the next Federal Reserve chair on Thursday's afternoon.

Thu, 02 Nov 2017 04:31:41 GMT

China to diminish product tariffs, step up financing to bolster exports

China is set to cut tariffs imposed on imported consumer goods and increase bank financing aimed to support imports, the Vice Commerce Minister Wang Bingnan said.

Thu, 02 Nov 2017 04:30:27 GMT

Bank of England set to hike rate for first time in ten years

Bank of England was considering the interest rate increase to be made for the first time since 2007, despite the UK economic growth appearing slower than before the prior hike.

Thu, 02 Nov 2017 03:33:20 GMT

Facebook profit grows, with no effect from Russia'a scandal

Facebook announced that the company's quartelrly profit rose nearly 79%, despite Washington's criticism on failure to prevent Russia from using the company's advertising platform.

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