News

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.

Tue, 17 Dec 2019 16:43:41 GMT

Wall Street holds near high levels

During Tuesday's US market trading hours, US stock indices hovered near record high levels, as gains were limited by the decline in Boeing stock price.

Tue, 17 Dec 2019 16:08:13 GMT

European Commission addresses governments

On Tuesday, the European Commission urged the governments of the Euro Zone to use their fiscal policies and reforms to strengthen inflation and job creation.

Tue, 17 Dec 2019 14:40:48 GMT

CCCC and Macroasia win ten billion project

On Tuesday, the China Communications Construction Company and Macroasia won the auction for a ten billion US Dollar airport construction contract in Manila.

Tue, 17 Dec 2019 13:43:49 GMT

Boris Johnson addresses Ministers

The Prime Minister of the United Kingdom on Tuesday addressed the first meeting of Ministers, stating that there is still a lot of work to be done.

Tue, 17 Dec 2019 13:16:35 GMT

UK factory output declines

On Tuesday, the Confederation of British Industry announced that during the last three months manufacturing in the UK had declined at the fastest rate since 2009.

Tue, 17 Dec 2019 11:40:18 GMT

Müller comments on ECB policy

The head of the Central Bank of Estonia Madis Müller announced on Tuesday that the ECB should attain greater flexibility in its inflation goals.

Tue, 17 Dec 2019 11:22:05 GMT

Indonesia warns about EU trade deal

On Tuesday, Indonesian representatives announced that they are ready to abandon trade talks with the European Union due to the EU's attitude to palm oil.

Tue, 17 Dec 2019 09:59:59 GMT

UK reaches record unemployment

On Tuesday, the United Kingdom employment data revealed that the country is experiencing the lowest unemployment in the last 45 years.

Tue, 17 Dec 2019 08:50:11 GMT

Boeing to suspend 737 productions

Boeing Co announced on Monday that it would stop the production of 737 MAX jetliner in January, the company's biggest production halt in over two decades.

Tue, 17 Dec 2019 08:13:16 GMT

New Zealand's economic expected to grow slightly faster

According to economists, the New Zealand economy is expected to have expanded slightly faster at 0.6% in the Q3 from 0.5% in the previous quarter.

Tue, 17 Dec 2019 07:05:10 GMT

Asian shares edge higher on Tuesday

Asian shares hit an eighteen-month high on Tuesday. The surge was attributed to the preliminary trade deal between Washington and Beijing reached last week.

Tue, 17 Dec 2019 05:40:33 GMT

Oil prices surge on Monday

During the late US trading hours of Monday, crude oil prices surged. However, the prices remained below the previously booked three month high level.

Tue, 17 Dec 2019 05:31:11 GMT

Boeing halts production of 737

On Monday, Boeing Corporation announced that it is halting 737 airplane production in January.

Tue, 17 Dec 2019 03:40:05 GMT

Wall Street sets new record

During Monday's US trading hours, Wall Street market indices hit a new record high. The move was attributed to a decrease of US-China trade tensions.

Tue, 17 Dec 2019 03:31:09 GMT

France fines Bloomberg

On Monday, the French financial regulator AMF announced that it would fine Bloomberg News 5 million Euros for releasing a fake press release.

Mon, 16 Dec 2019 21:00:11 GMT

Amazon to forbid to use FedEx by third parties

According to the Wall Street Journal, Amazon.com is hindering third-party merchants from using FedEx for Prime shipments.

Mon, 16 Dec 2019 19:35:00 GMT

H&M sales jump 9% in Q4

Fashion retailer H&M stated that sales rose 9% to around $6.41B in Q4, putting it over course to increase profits for the first time in the four-year period.

Mon, 16 Dec 2019 18:17:31 GMT

Intel buys Habana Labs for $2B

Intel acquired Israel-based AI company Habana Labs for nearly $2B, the chipmaker stated, aiming to strengthen its data-centre business.

Mon, 16 Dec 2019 16:41:26 GMT

WPX Energy to buy Felix for $2.5B

The US oil and gas producer WPX Energy announced that it would buy Felix Energy, the operator in the Delaware Basin, for $2.5B.

Mon, 16 Dec 2019 16:00:23 GMT

Germany to increase carbon price

Germany is set to raise prices for carbon dioxide emissions to 25€ per tonne from 2021 after proposed 10€ price was considered as too low.

Mon, 16 Dec 2019 14:40:03 GMT

Euro Zone growth stays weak

In December, Eurozone business growth continued to be weak. The information was revealed by the results of the EU PMI surveys.

Mon, 16 Dec 2019 13:48:33 GMT

Electrolux shares drop

On Monday, the share price of Electrolux dropped by twelve percent, as it announced that it expects bigger than expected fourth quarter losses.

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