News

Thu, 27 Jul 2017 18:02:34 GMT

Germany withdraws Porsche Cayenne vehicles amid emission software

Germany's Transport Minister stated that Porsche Cayenne vehicles that were equipped with 3 litre diesel engines should be withdrawn due to integrated illegal emission managing software.

Thu, 27 Jul 2017 17:20:44 GMT

US natural gas supplies up 17B cubic feet last week

In the week ended July 21, the domestic natural gas supplies increased by 17B cubic feet, data released by the US Energy Information Administration revealed on Thursday.

Thu, 27 Jul 2017 17:19:58 GMT

US goods trade deficit shrinks to 63.9B

The US goods trade deficit shrank to 63.9B over the month of June following the downwardly-revised figure of 66.3B posted May, the US Bureau of Economic Analysis reported on Thursday.

Thu, 27 Jul 2017 16:59:53 GMT

US jobless claims add 10K last week

On Thursday, the US Department of Labour reported that the number of Americans filing for unemployment insurance rose 10K to 244K in the week ended July 22.

Thu, 27 Jul 2017 16:59:35 GMT

US durable goods orders soar 6.5% in June

According to the US Census Bureau, June durable goods orders advanced 6.5% following the upwardly-revised 0.8% drop registered in the previous month.

Thu, 27 Jul 2017 14:58:32 GMT

Euro zone's annual private loans unchanged in June

The ECB reported on Thursday that the annual rate of adjusted new private sector loans was at 2.6% for the month of June, unchanged from the prior reading.

Thu, 27 Jul 2017 14:58:10 GMT

Spanish jobs market improves in Q2

Data released by the Spanish National Statistics Institute on Thursday revealed that the number of employed people surged by 375K in the Q2 of 2017.

Thu, 27 Jul 2017 13:56:44 GMT

UK top economist Ramsden named as new BoE deputy

The British Finance Ministry announced on Thursday that the UK Chief Economic Adviser Dave Ramsden became a new Deputy Governor for banking and markets of the BoE.

Thu, 27 Jul 2017 13:56:31 GMT

Deadly cholera outbreak hits Yemen, killing 2K of people

About 2K of people are dead amid one of the deadliest cholera outbreaks in Yemen, while more than 4K contracted the disease, the WHO reported on Thursday.

Thu, 27 Jul 2017 13:14:07 GMT

Starbucks to acquire remaining 50% share in East China's JV

The coffee giant Starbucks will buy the rest of 50% stake of the East China's joint venture partners for around $1.3B in the largest ever acquisition deal of the company.

Thu, 27 Jul 2017 12:52:19 GMT

Three die in Venezuela's clashes against leader Maduro

At least three people were reported to be dead on the first day of clashes against the Venezuelan President Nicolas Maduro.

Thu, 27 Jul 2017 12:25:59 GMT

Spain jobless rate falls to eight-year low in Q2

According to the Spanish National Statistics Institute, the unemployment rate in Spain declined to 17.2% in the Q2, surprising analysts with the lowest reading in more than eight years.

Thu, 27 Jul 2017 12:00:49 GMT

Sweden PM replaces two ministers over data scandal

The Prime Minister of Sweden Stefan Lofven removed two ministers from the government on Thursday following the Cabinet reshuffle in a political row over the sensitive data leaking.

Thu, 27 Jul 2017 11:00:27 GMT

Japan may raise taxes on frozen beef imports from US

Japan is seeking to hike the tariffs on imports of frozen beef from the United States, including some other states, following its intention to protect local producers against imports.

Thu, 27 Jul 2017 10:59:13 GMT

EU presents new aid plan to help refugees in Greece

The EU Commission is eager to pledge $245M extra money as a new aid scheme for Greece, intending to help refugees to pay for basics and rent homes with a cash card.

Thu, 27 Jul 2017 09:59:39 GMT

Nokia reports €574M operating profit in Q2

The network equipment manufacturer Nokia beat analysts' expectations on Thursday by reporting an operating profit of €574M in the second quarter of 2017, up 73% from mid-2016.

Thu, 27 Jul 2017 09:59:19 GMT

VW to offer replacement for 4M diesel cars

Volkswagen plans to offer a replacement for 4M diesel cars during a meeting with German government officials, the company's CEO Matthias Mueller explained on Thursday.

Thu, 27 Jul 2017 09:28:53 GMT

Sweden's PM to reorganise government

The Swedish PM Stefan Lofven stated on Thursday he was planning a reshuffle of his minority left-green Cabinet on the back of a political crisis regarding the botched outsourcing deal.

Thu, 27 Jul 2017 09:05:29 GMT

First female leader of Japan Democratic opposition Renho quits

The first female head of the Japanese Democratic Party opposition Renho resigned after a heavy defeat of her party in the Tokyo election and its failure to capitalise sinking support rates of the PM Shinzo Abe.

Thu, 27 Jul 2017 08:24:37 GMT

Israel dismantles all security infrastructure from Aqsa mosque

Israel removed all security apparatus, dismantling metal detectors and surveillance camera gantries, in the Jerusalem holy site after the installations triggered the bloodiest clashes between Palestinians and Israelis.

Thu, 27 Jul 2017 08:10:38 GMT

UK-EU free movement of labour to end after Brexit

According to the UK Immigration Minister Brandon Lewis, the workers' freedom of movement between the European Union and Britain will end after the Brexit in spring 2019.

Thu, 27 Jul 2017 07:33:15 GMT

AustralianSuper seeks to invest offshore, focuses on Asia

Australia's biggest pension fund AustralianSuper is seeking to invest $96.7B in funds abroad, focusing on Asia, the company's CEO Ian Silk stated on Thursday.

Thu, 27 Jul 2017 07:24:57 GMT

WeWork sets up China unit with $500M investment from SoftBank, Hony

On Thursday, a co-working space start-up WeWork stated it had launched a China unit with the $500M funding from the Japanese SoftBank and Chinese Hony Capital.

Thu, 27 Jul 2017 06:34:03 GMT

Deutsche Bank posts sharp rise in Q2 profit on lower legal costs

On Thursday, Deutsche Bank reported a dramatic increase in its Q2 net profit to $547M, following the past misdeeds' lower legal costs that outweighed a slip in debt trading.

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