News

Wed, 25 Oct 2017 12:17:29 GMT

Coca-Cola posts 38% jump in Q3 profit

On Wednesday, Coca-Cola reported strong third quarter results showing its profit surged 38% amid growing demand for its tea, coffee and Sprite in North America.

Wed, 25 Oct 2017 12:08:27 GMT

France set to ratify CETA trade accord in 2018

French Parliament is planning to ratify the Comprehensive Economic and Trade Agreement with Canada in the next year's second half.

Wed, 25 Oct 2017 11:18:37 GMT

Catalonia to be forced out of EU if gets independence

Spain's Economy Minister stated on Wednesday that Catalonia's independence would make it out of the Euro Area and the European Union, which would definitely hurt the regional economy.

Wed, 25 Oct 2017 11:17:32 GMT

VW head unaware of price-fixing in cartel probe

Volkswagen CEO Matthias Mueller stated that he was unaware of a price-fixing to be the part of the alleged conspiracy between German carmakers.

Wed, 25 Oct 2017 09:50:47 GMT

Canada decreases government budget deficit

The government of Canada has decreased the deficit projection of the country's budget from 28.5 billion Canadian Dollars to 19.9 billion CAD.

Wed, 25 Oct 2017 09:50:08 GMT

Kurds suspend independence drive

After the Iraqi forces seized a key city from the Kurdish forces the Kurds have agreed to suspend their independence effort and begin talks with the Iraqis.

Wed, 25 Oct 2017 09:32:00 GMT

Bain sees steady growth in global luxury market

According to Bain & Co, the Chinese and millennial consumers are helping boost global sales of luxury personal goods by 6% in 2017 to a forecasted $308B.

Wed, 25 Oct 2017 09:18:06 GMT

India agrees to negotiate Afghanistan with Kabul, US

India agreed to hold talks with Kabul and the United States over Afghanistan, its Foreign Minister Sushma Swaraj stated after meeting the US State Secretary Rex Tillerson on Wednesday.

Wed, 25 Oct 2017 08:33:36 GMT

Spain seeks to avoid economic harm to Catalonia

The Spanish government is trying to avoid economic damage to its wealthy region of Catalonia that may be caused by the Article 155 trigger, Spain's PM stated on Wednesday.

Wed, 25 Oct 2017 08:26:13 GMT

Toyota to scale back investment in Mexico plant

On Tuesday, Toyota Motor stated that it would scale back the investment in Mexico plant by 30% to $700M, cutting planned annual capacity to 100K vehicles.

Wed, 25 Oct 2017 07:33:39 GMT

Nissan's Leaf EV orders beat expectations

Nissan Motor stated on Wednesday that it had received over 9K orders for a new Leaf electric vehicle model in Japan, beating company's expectations.

Wed, 25 Oct 2017 07:29:11 GMT

Tillerson to visit India on Wednesday

The US State Secretary Rex Tillerson is set to arrive in India on Wednesday to meet its PM Narendra Modi, as both countries seek to deepen strategic and economic ties, amid China's rising influence in Asia.

Wed, 25 Oct 2017 06:32:26 GMT

Goldman aims at private equity expansion to offset trading funk

Goldman Sachs is planning its private equity expansion with intention to offset the latest trading declines and finance small, promising firms in the nearest future.

Wed, 25 Oct 2017 06:24:30 GMT

Sprint, T-Mobile prepare to decide on merger

The top US wireless carriers Sprint and T-Mobile are preparing the groundwork for their special board committees to decide on merger between the two companies.

Wed, 25 Oct 2017 05:21:27 GMT

Japan likely to declare deflation end ahead of 2019 tax hike

According to sources familiar with the matter, the Japanese government may declare the end to deflation ahead of the scheduled tax hike on sales in October 2019.

Wed, 25 Oct 2017 05:15:13 GMT

Honda to sell compact e-vehicles in Japan

Honda CEO stated on Wednesday that the carmaker was about to launch selling compact EVs in Japan in 2020, after the European release in 2019.

Wed, 25 Oct 2017 04:31:38 GMT

Smithfield Foods to sell US pork in China online

The world's biggest pork company WH Group's subsidiary Smithfield Foods announced on Tuesday that it was launching the website to sell the US-produced meat online in China.

Wed, 25 Oct 2017 04:28:57 GMT

Pyongyang University seeks for non-US teachers amid travel ban

The western-founded Pyongyang University of Science and Technology is struggling to hire non-US teachers, as the imposed travel ban on North Korea leaves the staff shortages.

Wed, 25 Oct 2017 03:30:06 GMT

Mexico ready to NAFTA deal against currency manipulation

Mexico announced no objection to any agreement with NAFTA partners aimed to prevent forex manipulation, until it does not affect the country's monetary policy.

Wed, 25 Oct 2017 03:25:52 GMT

Airlines prepare for new US security regulations

New security rules including stricter screening of passengers are set to take effect this Thursday on all US-bound flights to follow government requirements to avoid a laptop ban.

Wed, 25 Oct 2017 01:51:58 GMT

LG Display profit grows 80% in third quarter

South Korean LG Display announced that the company's operating profit surged nearly 80% in the September quarter, on the back of higher demand and recovered panel prices.

Wed, 25 Oct 2017 01:50:59 GMT

Australian inflation growth surprisingly weak in Q3

Australian consumer prices marked the weaker-than-expected growth of 0.6% in the Q3. Following the report, the local currency dropped markedly against the US Dollar.

Tue, 24 Oct 2017 19:50:22 GMT

Supreme Court declines last remaining challenge to Trump's travel ban

The US Supreme Court officially declined plans to hear the remaining challenge to the President Donald Trump's travel ban on several Muslim-majority countries. 

Tue, 24 Oct 2017 19:50:09 GMT

EU to study Malta's AML system

The EU should investigate Malta's anti-money laundering system, EU lawmakers decided in response to the murder of a Maltese journalist, who reported on financial and political corruption. 

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