News

Sat, 04 Nov 2017 08:06:46 GMT

PBoC urges to promote direct finance and cut debt

PBoC Governor Xiaochuan has presented the strategy for future financial crisis prevention, urging China to promote direct finance and broadened equity funding to cut corporate leverage. 

Sat, 04 Nov 2017 08:06:03 GMT

Australian regulator allows Amazon to undercut local businesses

According to the Australian competition regulator, Amazon was allowed by the competition law to undercut local businesses with extremely low prices when the company opens for business there. 

Sat, 04 Nov 2017 07:23:06 GMT

British economic growth holds steady

British private sector growth held steady for the last three months to October, while Brexit concerns and the inflation hit to consumers highlighted the potentially modest growth.

Sat, 04 Nov 2017 07:18:21 GMT

Shares of Apple rise amid huge global sales of iPhone X

Shares of Apple inched higher to a record high after customers surged into the company's stores all over the world to purchase the new premium smartphone iPhone X.

Sat, 04 Nov 2017 06:22:30 GMT

US shale producers vow higher returns for investors

US shale producers assured investors hungry for higher returns that they were capable of propping up oil aggressively without any harm to shareholders' pockets.

Sat, 04 Nov 2017 06:21:11 GMT

US President heads to Japan

The President of the United States Donald Trump starts his 12-day trip on Saturday, heading to Japan to discuss cooperation as tensions build up around North Korea.

Fri, 03 Nov 2017 21:04:43 GMT

Two top Republicans agree on NFIP

In a statement released of Friday, the House Financial Services Committee Chairman Jeb Hensarling and the House Majority Whip Steve Scalise announced that they have supported reauthorization of the National Flood Insurance Program (NFIP).

Fri, 03 Nov 2017 21:04:32 GMT

Airbus chief Leahy to stay until successor is found

On Friday, the Airbus' sales chief John Leahy said that he would stay in a company until a replacement is found. The new candidate is expected to be picked up within the next one-two weeks.

Fri, 03 Nov 2017 20:12:26 GMT

North Korea compares new US sanctions to genocide

On Friday, the North Korean mission to the UN demanded to revoke new package of the US-backed sanctions, as they violate human rights and constitute genocide.

Fri, 03 Nov 2017 20:05:22 GMT

Spain issues arrest warrant for Puigdemont

On late Friday, Spain issued an arrest warrant for the ex-President of Catalonia Carles Puigdemon, accusing him of sedition, rebellion, misuse of public funds, disobedience and breach of trust, and asked Belgium authorities to detain him.

Fri, 03 Nov 2017 19:12:18 GMT

Puigdemont ready to participate in Catalonia's snap elections

On Friday, the former President of Catalonia Carles Puigdemont, who fled overseas after his government was sacked by the Spanish PM, announced that he was ready to participate in new regional elections next month.

Fri, 03 Nov 2017 19:05:58 GMT

Amazon plans to open new office in Vancouver

On Friday, the Amazon.com Inc. announced its plans to open new corporate office in Canada's Vancouver that will allow to double its stuff by 2020.

Fri, 03 Nov 2017 18:00:20 GMT

Governor Kaskari sees no rise in inflation

On Friday, the Minneapolis Federal Reserve Bank President Neel Kashkari noted that there are no signs of rising inflation. For this reason, the central bank should postpone interest rate hike.

Fri, 03 Nov 2017 18:00:13 GMT

Venezuela asks for debt restructuration

According to the Vice President of Venezuela Tareck El Aissami, country's sovereign debt holders were invited to a meeting in Caracas that will take place on November 13 to discuss restructuration of the OPEC member's foreign debt.

Fri, 03 Nov 2017 17:03:22 GMT

Dollar rises on strong US data

The dollar gained on Friday after the strong data from the US, when services sector and factory orders beat the expectations.

Fri, 03 Nov 2017 17:03:13 GMT

Trump hints Tillerson may be replaced

The US President Donald Trump said that Rex Tillerson, the Secretary of State, could be replaced before the 2020 election.

Fri, 03 Nov 2017 16:00:18 GMT

US job growth accelerates

US job growth sped up in October after the hurricane disruptions, while a sharp back down in annual wage darkened the labor market.

Fri, 03 Nov 2017 15:59:46 GMT

Apple's iPhone X hits the spot on long lines in Asia stores

Long queues appeared outside the Apple stores in Asia regions on Friday since fans strove to get the new iPhone X.

Fri, 03 Nov 2017 14:57:31 GMT

Airbus Sales head to stay longer until successor found

The Airbus Sales Chief John Leahy is planning to stay on a little longer until his successor is found, expecting for a decision to be made within the upcoming week.

Fri, 03 Nov 2017 14:57:22 GMT

BMW recalls 1M cars in North America

BMW announced on Friday it was recalling around 1M cars in North America amid two different issues over fire risks that might cause the recalls in other countries.

Fri, 03 Nov 2017 14:29:32 GMT

Nowotny sees Euro zone inflation higher-than-expected

According to the ECB policymaker Ewald Nowotny, Euro zone's inflation is seen to be higher in 2018, than it is now projected due to surging energy prices.

Fri, 03 Nov 2017 14:19:35 GMT

US trade balance worsens in October

The Bureau of Economic Analysis reported on Friday that the US trade deficit widened to $43.5B in October, from the preceding month's upwardly revised $42.8B gap.

Fri, 03 Nov 2017 13:34:03 GMT

US unemployment rate falls to 4.1% in October

According to the Bureau of Labour Statistics, the jobless rate in the United States declined to 4.1% in October, missing analysts' expectations for an unchanged reading of 4.2%.

Fri, 03 Nov 2017 13:30:40 GMT

Canada's employment skyrockets in October

Statistics Canada reported that the Canada net change in employment surged 25.3K to 35.3K in October, beating analysts' expectations for a 15.3K rise.

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