News

Wed, 08 Feb 2017 07:02:37 GMT

Gilead Sciences posts Q4 revenue decline

Gilead Sciences reported revenue of $7.3B, showing more than 14% year-over-year decrease. The company's earnings per-share dropped to $2.70 from $3.32.

Wed, 08 Feb 2017 06:18:32 GMT

Al Shabaab attack hotel in Bosasso

Four people have been killed in an attack carried out by Somalia's al Shabaab fighters at the hotel in Bosasso, Puntland region.  Two al Shabaab militants also were killed. 

Wed, 08 Feb 2017 06:03:14 GMT

Parsley Energy to acquire Permian Basin assets for $2.8B

Parsley Energy is planning to acquire undeveloped acreage in the Permian Basin for about $2.8B from Double Eagle Energy Permian.

Wed, 08 Feb 2017 05:32:02 GMT

Sharp plans to build $7B plant in US

Sharp Corp is considering investing $7 billion to build a display factory in US. Building works are planned to start before June 30.

Wed, 08 Feb 2017 05:29:59 GMT

Singapore Airlines posts 1.7% rise in Q3 operating profit

Singapore Airlines posted operating profit of S$293M in Q3, up 1.7% from S$288M a year ago caused by the growth of mail and cargo, whereas fuel costs have dropped. 

Tue, 07 Feb 2017 22:23:07 GMT

Political uncertainty in Europe boosts Greenback

On Tuesday, political uncertainty in Europe caused the US Dollar to undergo a correction after recent losses and surpass the one-week high.

Tue, 07 Feb 2017 22:12:06 GMT

Oil prices fall more than 1% on Tuesday

A more than 1% drop in oil prices was registered on Tuesday, amid continuous increase of gasoline stockpiles in the US. This increase could create complications and counterweight OPEC's decision to cut production in order to diminish the oil supply glut.

Tue, 07 Feb 2017 21:14:06 GMT

Trump tough talks pushes Argentina and Brazil start closer trade with Mexico

The presidents of Argentina and Brazil called for more ambitious Latin American trade, indicating regional ties should strengthen in response to uncertainty over relations with the US.

Tue, 07 Feb 2017 21:13:57 GMT

No renegotiation on Brexit deal if parliament rejects it

Britain will not renegotiate with the EU if parliament rejects the exit deal it reaches, as ministers defeated attempts to give lawmakers more say on the terms of the final agreement. 

Tue, 07 Feb 2017 20:05:04 GMT

Strong earnings boost European shares

European shares rose, helped by some encouraging company results, while French stocks slipped after election jitters weighed on the country's sovereign bonds.

Tue, 07 Feb 2017 20:04:54 GMT

US trade deficit declines on export hitting highest in 1-1/2 years

The US trade deficit fell more than expected in December since exports rose to the highest level in than 1-1/2 years, outpacing an increase in imports. 

Tue, 07 Feb 2017 19:00:52 GMT

Michael Kors shares drop to $34.92 on Tuesday

Earlier in the day, shares of Michael Kors Holdings slumped as much as 15% to hit the $34.92 level on the NYSE, as the company's holiday quarter sales fell short of expectations.

Tue, 07 Feb 2017 19:00:30 GMT

YouTube to launch mobile live streaming for most popular users

Following Facebook's example, YouTube is planning to roll out a new feature that would allow popular users having over 10K subscribers to live-stream videos from mobile devices.

Tue, 07 Feb 2017 18:07:23 GMT

Minnesota's Dayton to undergo cancer surgery

The Governor of Minnesota Mark Dayton, 70, was confirmed to undergo surgery to remove prostate after having been diagnosed with cancer last month.

Tue, 07 Feb 2017 18:06:51 GMT

US Senate to vote on Trump's Education Secretary nominee

Later today, the US Senate will ballot on the President's pick for the position of the US Department of Education leader. At least 50 Senate members are set to vote against the nominee.

Tue, 07 Feb 2017 17:10:13 GMT

Autodesk's CEO Bass to step down

On Tuesday, the American software corporation Autodesk confirmed that the current company's Chief Executive Officer Carl Bass would resign on February 8, 2017.

Tue, 07 Feb 2017 17:09:53 GMT

BMW to pay $478M to clients over water damage

The German carmaker confirmed it would pay around $477.7M to settle a case over water damage that may have harmed electrical parts of around 318K luxury vehicles in the US.

Tue, 07 Feb 2017 16:26:24 GMT

May to visit China in 2017 to secure overseas support

On Tuesday, Theresa May's spokesperson stated that the PM would visit China later this year to strengthen trade ties and gain overseas support before the UK leaves the EU.

Tue, 07 Feb 2017 16:25:08 GMT

Merkel asks Putin to influence separatists in eastern Ukraine

In a conversation over the phone, the German Chancellor Angela Merkel urged Vladimir Putin to call on pro-Russian separatists to end violence in eastern Ukraine.

Tue, 07 Feb 2017 15:56:28 GMT

Dubai to combine with IBM on blockchain scheme

Dubai and IBM are eager to team up for the new blockchain computer technology project designed for money transfer and goods tracking.

Tue, 07 Feb 2017 15:04:26 GMT

US trade deficit narrows in December amid higher exports

The US trade gap narrowed 3.2% to $44.3B in the final month of 2017, as exports hit their highest in more than one and a half year, the Commerce Department reported on Tuesday.

Tue, 07 Feb 2017 15:04:12 GMT

Media watchdog group sues Trump's EPA nominee

On Tuesday, the Center for Media and Democracy said it would file a lawsuit against Scott Pruitt, Trump's pick to lead the EPA, to reveal details of his communication with energy companies.

Tue, 07 Feb 2017 14:25:16 GMT

Big tobacco to quit cigarettes

Tobacco corporations may completely replace cigarettes with the new "less-harmful" products as many people have already abandoned traditional smoking.

Tue, 07 Feb 2017 14:09:27 GMT

Turkish Islamist hackers to blame for cyber attacks

Turkish Islamist hackers assumed responsibility for cyber attacks that took down the Austrian parliament website on Sunday.

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