News

Wed, 20 Feb 2019 06:01:58 GMT

Trump to nominate Rosen as Deputy US Attorney General

The White House announced on Tuesday night that the US President Donald Trump would choose Jeffrey Rosen as the next Justice Department Deputy Attorney General.

Wed, 20 Feb 2019 06:01:43 GMT

Asian stocks reach October 2018 high on Wednesday

On Wednesday, Asian shares surged to a four and a half month highs, as investors are hopeful for an agreement between the United States and China in the ongoing trade talks.

Wed, 20 Feb 2019 05:01:03 GMT

Nissan to reject having same chairman a Renault

According to a Financial Times report, Nissan Motor & Co is expected to oppose having the same chairman as the French car makers Renault SA.

Wed, 20 Feb 2019 04:59:07 GMT

Oil prices near 2019 high level on Wednesday

On Wednesday, crude oil prices reached 2019 highs. The surged was attributed to OPEC supply cuts and US sanctions on Venezuela and Iran.

Wed, 20 Feb 2019 04:11:37 GMT

Ford to close oldest factory in Brazil

Ford Motor stated that it is set to close the oldest factory in Brazil and quit the heavy commercial truck business in South America within a move, which could cost more than 2.7K jobs.

Wed, 20 Feb 2019 04:08:39 GMT

Fed's Williams: new economic projection necessary for rate increases

John Williams, the President of the New York Fed, stated that he was satisfied with the level of the US interest rates at now and that there was no need to hike them again unless the economic growth or inflation shifts to a higher gear.

Wed, 20 Feb 2019 03:37:02 GMT

Qualcomm urges US regulators to ban some iPhones, reverse course

Qualcomm was urging the US trade regulators to reverse a ruling of a judge and ban the some Apple's iPhones' import in a patent fight between the companies.

Wed, 20 Feb 2019 03:33:26 GMT

Tesla to offer leasing for Model 3 to boost demand

Elon Musk's Tesla was preparing to launch the company's leasing products for Model 3 to increase demand, Electrek reported citing people familiar with the matter.

Tue, 19 Feb 2019 20:55:45 GMT

US and McKinsey & Co agree on $15M settlement over bankruptcy allegations

On Tuesday, the US Department of Justice said that the United States and McKinsey & Co have agreed on a $15 million settlement over bankruptcy case disclosures.

Tue, 19 Feb 2019 20:55:00 GMT

Ford to exit heavy commercial truck business in South America

On Tuesday, Ford Motor & Company announced that it would leave its heavy-duty truck business in South America in 2019.

Tue, 19 Feb 2019 20:02:46 GMT

Juncker says nobody is going to block Brexit extension

Jean-Claude Juncker, the European Commission President, said on Tuesday that nobody would block the UK if the country asks for a Brexit extension.

Tue, 19 Feb 2019 20:02:32 GMT

Indian PM Modi personally welcomes Saudi's Crown Prince bin Salman

On Tuesday, India's Prime Minister Narendra Modi broke a government protocol by personally welcoming the Saudi Arabian Crown Prince Mohammed Bin-Salman to India.

Tue, 19 Feb 2019 19:06:28 GMT

Zimbabwe might run out of bread next week

Zimbabwe might face shortages of bread in one week, as flour stocks dwindled, because the country was unable to pay for imported grain.

Tue, 19 Feb 2019 19:05:19 GMT

Gold prices reache ten-month high on Tuesday

On Tuesday, gold prices hit a ten-month high against the US Dollar, as investors are hopeful of an agreement in the US-China trade talks.

Tue, 19 Feb 2019 18:06:04 GMT

JD Sports to increase stake in Footasylum by over 18%

On Tuesday, youth footwear and clothes seller Footasylum Plc announced that JD Sports Plc has increased its shares in the company by over 18%.

Tue, 19 Feb 2019 18:04:05 GMT

Netflix plans to create production hub in Toronto

Netflix Inc announced on Tuesday that it would build two production studios in Toronto, that is expected to create about 1850 jobs annually.

Tue, 19 Feb 2019 16:42:52 GMT

Huawei founder comments on data sharing

Huawei's Ren Zhengfei, who is one of the co-founders of the company, on Tuesday revealed to CBS News that he will not share any client information with the Chinese government.

Tue, 19 Feb 2019 16:42:45 GMT

Bank of England could increase money supply

A junior business minister of the United Kingdom on Tuesday revealed that the Bank of England would have to increase the supply of the British Pound in case of a hard Brexit.

Tue, 19 Feb 2019 15:58:38 GMT

Oil trades below 2019 high levels

Crude oil price benchmarks traded near the $67 level on Tuesday. On Monday, the commodity price booked the steepest quarterly surge since 2011.

Tue, 19 Feb 2019 15:58:17 GMT

May will once more negotiation with EU

It was announced on Tuesday that the Prime Minister of the United Kingdom will travel to Brussels and meet with EU officials for another round of Brexit negotiations.

Tue, 19 Feb 2019 14:55:14 GMT

Swedish Crown plummets on data release

On Tuesday, the Swedish Crown lost value suddenly, as the Swedish statisticians published a lot lower inflation data than it was expected by the financial markets.

Tue, 19 Feb 2019 14:54:58 GMT

Qualcomm launches new 5G chip

Qualcomm representatives on Tuesday announced that the company is introducing a second generation of modem chips that are designed to connect mobile devices to the 5G network.

Tue, 19 Feb 2019 13:45:03 GMT

Honda will close down plant in UK

On Tuesday, Honda announced that it will close its car plant in the United Kingdom in 2021. The event will cause a loss of up to 3,500 jobs.

Tue, 19 Feb 2019 13:44:56 GMT

Germany books largest current account surplus

German officials on Tuesday revealed that the German economy has moved to the first spot of the list of the countries with the largest current accounts. The achievement is attributed to strong exports.

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