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Ford Motor to reduce workforce by about 10%
Tue, 16 May 2017 02:52:22 GMT
 
Ford Motor is expected to cut about 10% of its total employee headcount, targeting to reduce costs by $3B in 2017 in order to increase profitability in the following year. >>
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Top Mexican and US trade officials discuss NAFTA talks schedule
Tue, 16 May 2017 02:07:10 GMT
 
Wilbur Ross, the US Treasury Secretary, and Ildefonso Guajardo, Mexican Economy Minister, met in Washington to discuss the schedule for renegotiating the NAFTA agreement. >>
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US disclose intelligence secrets to Russia
Tue, 16 May 2017 02:00:06 GMT
 
Donald Trump revealed highly classified information to Sergei Lavrov, the Russian Foreign Minister, on a planned operation in Islamic State, two US officials said. >>
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Greece to loosen capital restrictions
Mon, 15 May 2017 20:05:12 GMT
 
Greece unveiled a draft plan for the gradual loosening of capital restrictions it introduced back in 2015 to protect the country's banks. >>
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Trump: new FBI head search "moving rapidly"
Mon, 15 May 2017 20:04:35 GMT
 
On Monday, the US President Donald Trump told reporters the process of finding a new FBI head to replace James Comey was "moving rapidly". >>
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PIMCO downgrades US core inflation forecast for 2017
Mon, 15 May 2017 19:10:25 GMT
 
The global investment management company PIMCO has revised downwards its year-end forecast for the US core inflation on the back of the soft April CPI print. >>
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Philadelphia accuses Wells Fargo of violating Fair Housing Act
Mon, 15 May 2017 19:10:00 GMT
 
On Monday, the City of Philadelphia filed a lawsuit against Wells Fargo, accusing the major US lender of breaching the federal Fair Housing Act. >>
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Austria's Kern calls for talks on timing of snap election
Mon, 15 May 2017 18:16:31 GMT
 
On Monday, Christian Kern, the Austrian Chancellor, urged the country's parties to hold negotiations on the potential timing of a quick election. >>
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Renault-Nissan production back to normal after cyber attack
Mon, 15 May 2017 18:12:55 GMT
 
Following the recent cyber attack that caused a massive disruption in Renault-Nissan operations, the Franco-Japanese carmakers' alliance said it had resumed nearly all production. >>
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New Zealand and Australia almost unaffected by ransomware attack
Mon, 15 May 2017 17:04:57 GMT
 
The two Asia-Pacific countries appeared to be almost unaffected by the massive ransomware attack that has hit over 200K computers worldwide since Friday. >>
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Germany to move its troops if Turkey denies German lawmakers' visit
Mon, 15 May 2017 17:03:59 GMT
 
Speaking at a news conference on Monday, Angela Merkel said Germany would move its troops from Turkey if Ankara continues to bar German lawmakers from entering the country. >>
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Edouard Philippe named France's PM
Mon, 15 May 2017 16:19:24 GMT
 
On Monday, the newly-elected French President Emmanuel Macron has appointed the 46-year-old politician Edouard Philippe to the post of the Prime Minister. >>
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US NAHB Housing Market Index up two points in May
Mon, 15 May 2017 16:16:26 GMT
 
The US National Association of Home Builders HMI jumped two points to hit the 70 mark over the course of May, an evidence of strengthening housing market. >>
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Hamilton Insurance, AIG and Two Sigma Insurance extend cooperation
Mon, 15 May 2017 14:59:15 GMT
 
AIG, Hamilton Insurance and Two Sigma Insurance announced they had signed a MoU to extend their partnership in order to bolster the companies' role in evidence-based underwriting. >>
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NY business activity levels off in May
Mon, 15 May 2017 14:58:41 GMT
 
On Monday, the Empire State Manufacturing Survey revealed the New York State headline business morale index slid to -1.0 in May, while economists had predicted a 7.2 reading. >>
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