News

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.

Wed, 01 Nov 2017 21:32:57 GMT

Equifax CEO, former Yahoo CEO to testify at Senate hearing

The current and former CEOs of Equifax Inc and the former Yahoo Chief Executive Marissa Mayer will testify before the US Senate panel over two massive client data breaches.

Wed, 01 Nov 2017 21:31:43 GMT

Dismissed Catalan leader won't return to Spain to testify

The ousted Catalan leader Carles Puigdemont does not plan to return to Spain to testify over the region's push for independence.

Wed, 01 Nov 2017 20:31:31 GMT

Fitbit reports $113M loss in Q3

Wearable device maker Fitbit reported a loss of $113M in the third quarter compared to a profit in the same period the previous year.

Wed, 01 Nov 2017 20:30:45 GMT

Saudi air strike kills 29 Yemenis

At least 29 civilians were killed in Yemen after a Saudi air strike destroyed a busy market in the north of the country, local media say.

Wed, 01 Nov 2017 19:33:22 GMT

China and Russia agree on further cooperation

China and Russia on Wednesday signed dozens of agreements in numerous areas including energy, space exploration and investment after a meeting between the Chinese Premier Li Keqiang and his Russian counterpart Dmitry Medvedev.

Wed, 01 Nov 2017 19:32:26 GMT

Iran hosts summit to boost cooperation in region

Iran, Russia and Azerbaijan representatives meet in Iran's capital Tehran to discuss collaboration in commerce, tourism and security.

Wed, 01 Nov 2017 18:11:59 GMT

Fed keeps rates unchanged, sees solid economic growth

The Fed kept interest rates unchanged and noted robust US economic growth and strengthening labour market, adding to signs that the central bank is on track to raise borrowing costs again in December. 

Wed, 01 Nov 2017 18:06:57 GMT

Goldman Sachs revises its estimate of US non-farm payrolls in October

Goldman Sachs economists revised their forecast of US non-farm payrolls for October to a 340K rise, up from a 325K gain, and raised their estimate of GDP for the Q3 by one percentage point to 3.1%.

Wed, 01 Nov 2017 17:19:35 GMT

US crude oil inventories down by 2.4M barrels last week

The Energy Information Administration reported that the US commercial crude oil inventories decreased by 2.4M barrels in the week ended October 27.

Wed, 01 Nov 2017 17:19:14 GMT

ISM Manufacturing PMI drops below 60-point mark

On Wednesday, data released by the Institute for Supply Management showed the US Manufacturing PMI dropped to the 58.7-point mark, missing expectations for a 59.5-point reading.

Wed, 01 Nov 2017 16:26:13 GMT

Canadian Manufacturing PMI slightly down in October

Markit said on Wednesday its Manufacturing Purchasing Managers' Index for Canada worsened in October, sliding to 54.3 from 55.0 registered in September.

Wed, 01 Nov 2017 16:24:55 GMT

US October ADP jobs report beats estimates

According to the data released by ADP on Wednesday, the US economy added 235K new positions over the month October, topping analysts' expectations for a 202K reading.

Wed, 01 Nov 2017 15:34:13 GMT

Bahrain opposition faces charges over spying for Qatar

On Wednesday, Bahrain's prosecution accused its two opposition leaders of spying for Doha, few months after cutting relations with the neighbouring Gulf state.

Wed, 01 Nov 2017 15:28:32 GMT

Sinn Fein to blame for Northern Ireland negotiations collapse

A top member of the Democratic Unionist Party blamed its rival Sinn Fein on Wednesday for the Northern Ireland talks collapse regarding a power-sharing government forming.

Wed, 01 Nov 2017 14:14:05 GMT

NYT beats profit forecast after subscribers surge

The New York Times reported on Wednesday a stronger-than-expected Q3 profit, as the company added around 2.5M new subscribers, representing a 59.1% jump.

Wed, 01 Nov 2017 14:13:16 GMT

Putin visits Iran for Syria, nuclear deal talks

Russia's leader Vladimir Putin arrived in Iran on Wednesday to discuss Syria's conflict and the Tehran nuclear deal with his Iranian counterpart President Hassan Rouhani.

Wed, 01 Nov 2017 13:03:32 GMT

Russia aims to prevent sanctions against Iran

On Wednesday, Russian Deputy Foreign Minister Sergei Ryabkov stated that it was necessary to preserve Iran nuclear deal with the world powers and prevent new sanctions against Tehran.

Wed, 01 Nov 2017 13:02:30 GMT

UK's Fox seeks countries to sign EU trade pacts before Brexit

The UK Trade Minister Liam Fox is seeking to agree on trading deals with the countries that already have free trade agreements with the EU before the Brexit.

Wed, 01 Nov 2017 12:10:48 GMT

Imagination shareholders accept sale to Canyon Bridge

On Tuesday, Imagination Tech investors approved a $730M cash takeover by the China-backed Canyon Bridge, the next day after the company's founder had been charged with insider trading.

Wed, 01 Nov 2017 12:10:09 GMT

Cognizant posts 9.1% jump in Q3 revenue

The IT services company Cognizant Technology reported a 9.1% surge in its Q3 revenue, boosted by higher spending from the firm's financial and healthcare clients.

Wed, 01 Nov 2017 11:20:27 GMT

Reuters report high quarterly profit

Thomson Reuters Corporation just reported higher than expected quarterly profits. Due to that reason yearly profits are set to be at the high end of previous forecasts.

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