News

Fri, 26 May 2017 02:05:18 GMT

Trump expects tough G7 debate on climate and trade

Donald Trump anticipates a "robust" discussion over climate change and trade with G7 leaders at forthcoming summit, White House economic advisor revealed.

Thu, 25 May 2017 20:07:07 GMT

Trump calls Macron "my guy"

According to a French presidency official, the US President Donald Trump called his French counterpart "my guy", saying Macron was his favourite to win the election.

Thu, 25 May 2017 20:06:36 GMT

BlackRock to pay $1.25B for its NY HQ over 20 years

The New York-based investment management corporation BlackRock said it was intended to pay $1.25B over the next 20 years for its brand new Manhattan headquarters.

Thu, 25 May 2017 19:07:54 GMT

CIBC reports stronger quarterly profit

The Toronto-based Canadian Imperial Bank of Commerce's net income surged 12% on a yearly basis to a total of C$1.05B, or C$2.59 per share.

Thu, 25 May 2017 19:07:07 GMT

US natural gas supplies up 75M last week

Data released by the US Energy Information Administration revealed domestic natural gas storage advanced 75M cubic feet over the previous week.

Thu, 25 May 2017 18:06:23 GMT

US Commerce Secretary seeks bigger trade enforcement budget

Wilbur Ross said he expects a "real impact" of an additional $5.5M for the enforcement budget in dealing with unfair trade and violation of export security.

Thu, 25 May 2017 17:59:46 GMT

Fed's Brainard sees less global growth impact on Fed's outlook

Lael Brainard, the Fed Governor, revealed that the global economic growth became brighter, reducing the risk posed to the Federal Reserve's outlook.

Thu, 25 May 2017 16:56:00 GMT

Somali Islamists kill two Kenyan police officers

Two Kenyan police officers were killed in a roadside bomb attack near the Somali border, launched by Somali Islamists.

Thu, 25 May 2017 16:53:06 GMT

NATO leaders to press Trump to support alliance

Sources close to the matter reported that leaders of the NATO would urge Donald Trump to publicly support the alliance, which he named "obsolete" during his presidential campaign.

Thu, 25 May 2017 15:59:38 GMT

Queen Elizabeth meets victims of Manchester attack

On Thursday, the Queen Elizabeth visited the Royal Manchester Children's Hospital to meet with the victims of the Manchester Arena suicide bombing attack.

Thu, 25 May 2017 15:58:54 GMT

Best Buy's Q1 profit beats forecasts

Best Buy, the largest US provider of technology products, services and solutions, reported a 1.6% rise in Q1 sales, whereas analysts anticipated a decline of 1.5%.

Thu, 25 May 2017 15:12:05 GMT

US auto sales to climb 0.5% year-over-year in May

Two US auto industry consulting firms reported on Thursday that auto sales in May would likely rise 0.5% compared to the same period a year ago.

Thu, 25 May 2017 15:11:11 GMT

US initial jobless claims rise less than expected last week

The Labour Department reported on Thursday that the number of Americans filing for unemployment benefits rose 1K to 234K in the week ended May 19, whereas analysts anticipated an increase to 238K.

Thu, 25 May 2017 14:01:47 GMT

US stocks open higher amid Fed's optimistic outlook

Major US stock markets opened higher on Thursday after the minutes of the Federal Reserve's latest meeting revealed that policymakers expected the US economy to regain positive momentum.

Thu, 25 May 2017 14:00:39 GMT

ONS revises down UK Q1 GDP growth

The ONS released its second Q1 GDP estimate on Thursday, which showed the UK economy expanded at a 0.2% pace in the March quarter, compared to an initially reported pace of 0.3%.

Thu, 25 May 2017 13:31:35 GMT

US and EU plan to boost trade cooperation

The United States and the European Union came to an agreement to begin work on a plan aimed to increase trade cooperation.

Thu, 25 May 2017 12:51:47 GMT

Ford to appoint new chiefs for Europe and Asia

According to the Financial Times, Ford Motor is eager to name replacements for its EU and Asian top executive positions this Thursday.

Thu, 25 May 2017 12:33:52 GMT

Harvard invites Facebook's Zuckerberg as commencement speaker

The founder of Facebook social media Mark Zuckerberg will "return" to Harvard University as a commencement speaker to address the graduating class on Thursday.

Thu, 25 May 2017 12:23:03 GMT

Trump visits Brussels for meeting with EU heads

The US President Donald Trump visited Brussels for meeting with the chiefs of the EU institutions on Thursday ahead of the NATO leaders' summit at the HQ of military alliance later that day.

Thu, 25 May 2017 11:00:09 GMT

UK police receive alleged bomb call at Manchester's college

British police reported that a bomb disposal team responded to a warning call on an alleged bomb at the Trafford college and took immediate actions following the latest attack in Manchester.

Thu, 25 May 2017 10:59:54 GMT

Indonesia launches raids amid IS links to Jakarta attacks

On Thursday, Indonesian police raided sites of a suspected suicide attacker as the government believed the Islamic State group was connected to the Jakarta bombings that left three policemen dead.

Thu, 25 May 2017 10:26:45 GMT

Iran builds third missile factory

According to the Fars news agency, Iran completed construction of their third underground ballistic missile factory and is likely to continue the development of their missile program, despite warnings and sanctions from the US.

Thu, 25 May 2017 09:31:07 GMT

UK 2016 net migration drops 84K from prior year

The ONS reported on Thursday that net migration to the United Kingdom was 248K in 2016 and plunged 84K down from the preceding year, still falling short of the British government's target.

Thu, 25 May 2017 09:14:32 GMT

Britain's UKIP election campaign restarts after Manchester attack

On Thursday, the British UK Independence Party is eager to resume an election campaign, unveiling its policy pledges as it was ceased amid the Manchester suicide attack that left 22 people dead.

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