News

Thu, 01 Jun 2017 13:17:53 GMT

Mobileye reports 66% jump in Q1 revenue

A self-driving car tech company Mobileye posted a 66% jump to $124.7M in the Q1 revenue amid higher demand for its driver assisted systems.

Thu, 01 Jun 2017 13:01:41 GMT

UK Manufacturing PMI drops to 56.7

According to Markit, UK manufacturing activity declined to 56.7 in May, almost meeting analysts' expectations for 56.5 and following to the prior month's 57.3 reading.

Thu, 01 Jun 2017 12:23:37 GMT

Spain's anti-corruption head steps down over offshore company

Spanish anti-corruption prosecutor Manuel Moix, who conducted a graft probe linked to People Party's members, resigned on Thursday after facing harsh criticism for holding an interest in Panama's offshore company.

Thu, 01 Jun 2017 12:06:43 GMT

Deere to acquire road construction company Wirtgen

On Thursday, Deere announced about its intention to acquire German private road construction firm Wirtgen Group for $5.2B.

Thu, 01 Jun 2017 11:04:21 GMT

Western Digital to invest in new memory chip plant

Western Digital plans to invest in construction of a new flash memory chip factory in the Western Japan amid the intention to express its commitment to the country.

Thu, 01 Jun 2017 11:04:08 GMT

Euro zone Manufacturing PMI rests at 57.0

Markit reported on Thursday that Manufacturing activity in the Euro zone remained at 57.0 in May, meeting analysts' expectations.

Thu, 01 Jun 2017 10:30:15 GMT

Fed's Kaplan believes harsh immigration measures could lead to economic weakness

The Dallas Fed President Robert Kaplan said that the US consumer spending risks getting weaker, due to Trump administration's harsh measures towards illegal immigrants, as they are believed to be staying at homes and not spending any funds in fear of getting deported.

Thu, 01 Jun 2017 10:23:14 GMT

Soros warns EU over Brexit talks

On Thursday, George Soros, a billionaire and a business magnate, stated that Brexit talks are bound to last longer than two years and, thus, could distract the EU from adapting new vital reforms, as he believed the bloc faces an existential crisis.

Thu, 01 Jun 2017 09:06:11 GMT

Norwegian Labour not to open trade talks with UK before Brexit settled

The leader of Norway's Labour Party Jonas Gahr Stoere stated he would not hold trade talks with Britain until it concluded a divorce deal with Brussels.

Thu, 01 Jun 2017 09:01:43 GMT

Musk vows to leave Trump's advisory councils

Elon Musk affirmed that he would leave Donald Trump's advisory councils in case the President withdrew the US from the Paris climate deal.

Thu, 01 Jun 2017 08:31:57 GMT

CVC Capital sets new EU fundraising record

The private equity group CVC Capital Partners hit record-high by raising $17.98B as the investors scrambled to invest into leveraged buyouts.

Thu, 01 Jun 2017 08:24:41 GMT

France's prosecutor launches investigation into Macron's minister

On Thursday, a French prosecutor opened an inquiry into the business and financial dealings of the President Emmanuel Macron election campaign's head Richard Ferrand after some wary news reports on his financial operations.

Thu, 01 Jun 2017 07:30:26 GMT

Apple launches Siri speaker manufacturing to excel Google, Amazon

Apple has started production of its Siri-controlled smart speaker, deemed to debut at the company's June annual conference; however, the device is not likely to enter the market earlier than this year's end.

Thu, 01 Jun 2017 07:09:09 GMT

Australian retail trade rebounds in April

The Australian Bureau of Statistics reported that Australia's retail sales rose 1.0% in April from the preceding month's downwardly revised reading of -0.2%.

Thu, 01 Jun 2017 06:32:32 GMT

Social media firms step forward to tackle the abusive content issue

The social media companies like Twitter, YouTube and Facebook came closer to a goal to eliminate hate speech and any other insulting content on their platforms following the EU order to tackle the issue as fast as possible.

Thu, 01 Jun 2017 06:27:05 GMT

MA plane forced to turn back after man attempts to enter cockpit

On Wednesday, a Malaysia Airlines flight from Melbourne to Kuala Lumpur was forced to turn back after a disruptive passenger tried to enter the cockpit, according to a statement from the airline.

Thu, 01 Jun 2017 05:25:03 GMT

Philippine air strikes miss target, hit government troops

According to the Philippine Defence Minister, recent air strikes killed ten government troops in an attempt to drive Islamic State rebels out of the country's southern city.

Thu, 01 Jun 2017 04:34:39 GMT

Vietnam and US reach business deals worth billions

On Wednesday, 13 business deals were made between the US companies and Vietnam, altogether worth over $8 billion. The deals were also welcomed by the US President Donald Trump, as they would create more than 23,000 jobs due to $3 billion from those deals including US-produced content.

Thu, 01 Jun 2017 04:27:38 GMT

BoJ's Harada says no long-term losses expected

On Thursday, Yutaka Harada, the BoJ policy board member, stated that the Bank of Japan would not experience any negative consequences once the monetary policy tightening finally begins.

Thu, 01 Jun 2017 03:16:18 GMT

Fed's Williams expects at least three rate increases this year

San Francisco Fed's John C. Williams revealed that his base case scenario is the Fed to rise interest rate three times this year, or more if the US economy outperforms expectations.

Thu, 01 Jun 2017 03:11:03 GMT

Chinese manufacturing PMI at 49.6 in May

According to the Caixin report, the Chinese manufacturing PMI fell to 49.6 in May, missing expectations for a 50.1 reading, as the economy was at descending trajectory.

Thu, 01 Jun 2017 02:21:54 GMT

US president to announce decision on Paris climate deal

US President Donald Trump is expected to announce on Thursday whether the US stays in the Paris deal to fight global warming.

Thu, 01 Jun 2017 02:19:48 GMT

Japan's manufacturing activity increase to 53.1 in May

The final Manufacturing PMI for Japan rose to seasonally-adjusted 53.1 in May, its fastest growth pace in three months, following a 52.7 reading in April.

Wed, 31 May 2017 19:54:15 GMT

Europe warns US on terms for leaving Paris climate deal

Jean-Claude Juncker, the European Commission President, revealed that the US should understand that it takes more time than expected to fully leave the Paris climate deal.

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