News

Thu, 19 Dec 2019 03:36:45 GMT

Amazon, Google, Apple partner on home devices

Amazon.com, Alphabet's Google and Apple partnered to lay the groundwork for improving compatibility among companies' smart home devices.

Wed, 18 Dec 2019 19:45:25 GMT

UK toughens rules on ads

On Wednesday, UK competition regulators announced that tougher regulation of online ads is needed to avoid negative consequences in online advertising.

Wed, 18 Dec 2019 19:29:51 GMT

Fund managers expect Bull Run

On Wednesday, a report published by Reuters revealed that a majority of US fund managers expect global asset prices to surge during 2020.

Wed, 18 Dec 2019 17:42:01 GMT

Dutch farmers block infrastructure

On Wednesday, construction workers and farmers blocked roads in the Netherlands to protest latest changes in environmental protection rules.

Wed, 18 Dec 2019 16:40:40 GMT

FedEx stock price plummets

During Wednesday's US trading session, the stock price of FedEx plummeted by 9.2%, experiencing the stock's worst day since September.

Wed, 18 Dec 2019 16:14:17 GMT

FSB plans Libor dump

On Wednesday, the Financial Stability Board announced that it would survey national regulators on their progress to dump the Libor interest rate by the end of 2021.

Wed, 18 Dec 2019 15:42:26 GMT

Global stocks score high levels

During late Wednesday trading hours, global stock indices continued to fluctuate near record high levels, as the surge entered fifth session of gains.

Wed, 18 Dec 2019 14:43:54 GMT

Fiat Chrysler and Peugeot agree to merge

Fiat Chrysler and Peugeot auto makers have agreed upon a $50 billion merger deal. The deal would result in a cost cut of $4.1 billion per annum.

Wed, 18 Dec 2019 13:41:00 GMT

Norway's Oil Minister steps down

On Wednesday, the Norwegian public broadcast company NRK reported that the Oil Minister of Norway Kjell-Boerge Freiberg is stepping down from his post.

Wed, 18 Dec 2019 12:38:27 GMT

European shares recover

During Wednesday's European trading hours, stock market indices recovered. The surge was led by sharp move in Volvo stock price.

Wed, 18 Dec 2019 11:54:34 GMT

Eurozone inflation reaches one percent

Data published on Wednesday revealed that Euro Zone inflation has reached one percent. Food prices were named as the main cause of inflation.

Wed, 18 Dec 2019 11:19:32 GMT

Crude Oil declines on Wednesday

During Wednesday's Asian trading hours, crude oil price benchmarks declined, as US data revealed that the US has larger inventories than previously thought.

Wed, 18 Dec 2019 09:36:12 GMT

Japan raises economic forecast

On Wednesday, Japanese officials raised the country's next year's annual growth forecast. The main reason for the raise was expected $122 billion in government spending.

Wed, 18 Dec 2019 08:59:44 GMT

Isuzu plans to partner with Volvo

On Wednesday, the Yomiuri newspaper reported that Isuzu Motors is planning to partner with Volvo AB to build the next generation truck technology.

Wed, 18 Dec 2019 08:01:42 GMT

Tesla plans to cut China-built Model 3 prices by 20%

According to the Bloomberg report, citing people with knowledge of the discussions, Tesla Inc is planning to cut the price of China-built Model 3 cars by 20% in 2020.

Wed, 18 Dec 2019 07:05:45 GMT

Confidence among Asian businesses rebound

According to the Thomson Reuters/INSEAD survey, Asian Business Sentiment Index, which measures companies six-month forecast jumped by 13 points in the Q4.

Wed, 18 Dec 2019 06:03:01 GMT

French trade unions oppose pension reform plans

On Tuesday, France's trade unions shut down schools and crippled transportation, as hundreds of thousands of protesters took to the streets to oppose the French government's pension reform plans.

Wed, 18 Dec 2019 05:02:44 GMT

Russia's Central Bank in talks to transfer stake in Sberbank

According to sources with knowledge of the matter, Russia's officials are in preliminary discussions to transfer the Russian Central Bank stake in Sberbank to a different state entity.

Wed, 18 Dec 2019 04:01:19 GMT

Shares of Boeing and global suppliers keep falling

Boeing stock continued to decline on Tuesday after the company announced that it would halt production of 737 MAX jetliner. Its global suppliers' shares were also lower on the news.

Wed, 18 Dec 2019 03:02:17 GMT

EU's Dombrovskis comments on Brexit time frame

Valdis Dombrovskis, the Vice President of the European Union Commission, said on Tuesday that the rigid Brexit time frame set by UK's PM Boris Johnson would limit the scope of a free trade deal.

Tue, 17 Dec 2019 20:47:56 GMT

Trump calls for rate cuts

At the start of Tuesday's US trading session, US President Donald Trump called for a US Federal Reserve rate cut and a boost of quantitative easing.

Tue, 17 Dec 2019 19:51:55 GMT

Scottish lawmakers call for independence

On Tuesday, Scottish nationalist lawmakers demanded a new Scottish independence referendum. In response, Boris Johnson announced that a majority of lawmakers would resist calls for break up.

Tue, 17 Dec 2019 18:57:36 GMT

French unions strike on Tuesday

On Tuesday, French trade unions began a strike, which shut down vital infrastructure. The strikers demanded the halt of the ongoing pension reform.

Tue, 17 Dec 2019 17:42:23 GMT

German union calls Amazon strike

During Tuesday's European trading session, German workers union Verdi called for strikes at three Amazon logistics hubs. The strikes should last until Saturday.

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