News

Sun, 05 Jan 2020 08:50:06 GMT

Bernanke comments on Fed policy

The former Chairman of the Federal Reserve Ben Bernanke stated on Sunday that the Federal Reserve has enough tools to fight a downturn.

Sun, 05 Jan 2020 08:24:49 GMT

French economy is set to grow

On Saturday, the Finance Minister of France Bruno Le Maire stated in an interview that the French economy is expected to grow by 1.3% in 2019 and 2020.

Sun, 05 Jan 2020 07:31:18 GMT

Samsung to unveil innovative products in February

Samsung Electronics is set to introduce innovative devices on February 11, with the company widely expected to reveal its new foldable phone and S model's new version.

Sun, 05 Jan 2020 05:58:24 GMT

MNG's manager assists Ghosn to escape

According to the Hurriyet newspaper report, a manager at MNG Jet, Turkish private jet operator, has told Turkey's authorities that he helped the former Nissan CEO Carlos Ghosn to escape from Japan.

Sun, 05 Jan 2020 04:06:44 GMT

Amazon mulls opening offline stores in Germany

On Saturday, the German newspaper Welt am Sonntag reported that Amazon.com is considering opening offline retail stores in Germany.

Sun, 05 Jan 2020 03:03:10 GMT

ERC to abstain in Spain's Parliament vote

On Saturday, Esquerra Republicana de Catalunya, the Catalan separatist party, said that it would abstain in a parliamentary vote to confirm Pedro Sanchez as Spain's Prime Minister.

Sat, 04 Jan 2020 21:20:55 GMT

Pier 1 Imports to close more stores

Pier 1 Imports announced plans for a significant rise in store closings, seeking to cut costs, boost liquidity and revamp operations.

Sat, 04 Jan 2020 20:13:04 GMT

Salaries in Finland's tech sector to rise 3.3%

Salaries of workers in Finland's technological sector are set to rise 3.3% in the following two years, after the workers union and the industry reached an agreement.

Sat, 04 Jan 2020 19:07:32 GMT

Belneftekhim decides on Russian oil delivery

Belarusian energy firm Belneftekhim announced that Russia and Belarus stood ready to sign a deal over the first oil delivery from Russia after supplies were halted.

Sat, 04 Jan 2020 18:11:43 GMT

Amazon to open stores in Germany

Amazon.com was considering an option to open stores in Germany, its second largest market after the US.

Sat, 04 Jan 2020 16:58:25 GMT

HK retail sales fall 23.6%

Retail sales in Hong Kong declined 23.6% to $3.85B in November, as anti-government protests weighed on tourists flow.

Sat, 04 Jan 2020 16:16:50 GMT

US office vacancy rate up in Q4

The rate of the US office vacancy grew marginally to 16.8% in the October quarter from the prior year, Reis reported.

Sat, 04 Jan 2020 14:59:56 GMT

Ireland anticipates 0.4% of GDP budget surplus

Ireland's FM confirmed that the state likely ended last year with a 0.4% of GDP budget surplus, as tax receipts came in €1.4B ahead of expectations.

Sat, 04 Jan 2020 13:49:06 GMT

China unveils further action to boost manufacturing

China's cabinet revealed more measures to boost the country's manufacturing sector, such as lowering the telecom and electricity fees paid by firms to the government.

Sat, 04 Jan 2020 12:59:43 GMT

UK construction sector declines further

The downturn in the UK construction industry deepened further in December, affected by the drop in civil engineering activity since 2009.

Sat, 04 Jan 2020 12:24:17 GMT

US factory activity weakest in decade

The ISM index of the US factory activity dropped to 47.2 in December from 48.1 in November, the lowest reading since 2009 as the trade war kept the lid on factory production.

Sat, 04 Jan 2020 11:33:23 GMT

Exxon signals weaker Q4 results

Exxon Mobil's operating results are expected to decline in the Q4 from a year ago amid weakness in refining and chemicals, a regulatory filing showed.

Sat, 04 Jan 2020 10:07:54 GMT

Unemployment in Spain declines

The number of unemployed people in Spain declined by 34,579 in December from November, data published by the Spanish Ministry of Labour, Migrations and Social Security show.

Sat, 04 Jan 2020 08:59:19 GMT

German unemployment rises

The number of unemployed Germans increased by 47,000 to 2.23M in December 2019, compared to the previous month, the Federal Employment Agency reports.

Sat, 04 Jan 2020 08:03:56 GMT

GM, Fiat Chrysler US sales decline

US car sales of Fiat Chrysler and General Motors have declined around 2% in 2019, compared to the year 2018, data released by the both companies show.

Sat, 04 Jan 2020 07:02:49 GMT

Foreign investment in Morocco declines

The foreign direct investment in Morocco has declined 46.1% in the first 11 months of the previous year, compared to the same period in 2018, an official report shows.

Sat, 04 Jan 2020 06:04:46 GMT

Tesla beats Wall Street estimates

Tesla shares hit a record high on Friday after data showed that the electric carmaker delivered approximately 367,500 vehicles in 2019, meeting the low end of its target.

Sat, 04 Jan 2020 05:04:18 GMT

Ireland collects record 10.9B euros in corporate tax in 2019

The Irish corporate tax receipts hit a record high of 10.9 billion euros in 2019. Ireland's Financial Department announced on Friday.

Sat, 04 Jan 2020 03:41:28 GMT

Allergan, Novartis and Merck join others to raise US drug prices

On Friday, Allergan Plc, Novartis AG and Merck & Co Inc were among other firms that increased the US prescription drug prices in 2020.

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