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Tianjin to create $16B artificial intelligence fund
Thu, 17 May 2018 05:29:30 GMT
 
Chinese northern city of Tianjin revealed its intention to set up $16B worth fund to support the industry of artificial intelligence, news agency Xinhua stated. >>
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Mexico's Central Bank: hackers to hit about $15M
Thu, 17 May 2018 03:55:00 GMT
 
The Central Bank of Mexico stated that a cyber attack which affected a payment system within a country, hit five companies and that estimated $15.33M of irregular transactions were detected. >>
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Mothercare to shut 50 stores
Thu, 17 May 2018 03:54:43 GMT
 
The British firm Mothercare is set to close 50 stores in the country and reappoint Mark Newton-Jones as its CEO within a restructuring plan to be revealed on Thursday. >>
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China, US to launch trade negotiations
Thu, 17 May 2018 02:52:03 GMT
 
The US and China are expected to launch trade negotiations on Thursday, aiming to avert damaging tariff conflicts, senior Trump administration's officials stated. >>
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Tencent shares open 7% higher on high Q1 profit
Thu, 17 May 2018 02:51:53 GMT
 
Shares of Tencent Holdings opened 7% higher in Hong Kong, following the company's report of better-than-anticipated results in the March quarter. >>
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Amazon cuts prices in Whole Foods for Prime members
Thu, 17 May 2018 02:34:19 GMT
 
Whole Foods debuted a loyalty program for Prime customers, which would test whether Amazon's $13.7B deal intensifies price war in the industry dominated by Kroger and Walmart. >>
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Japan considers retaliatory tariffs against US
Thu, 17 May 2018 02:33:32 GMT
 
Japan was considering slapping retaliatory tariffs on the US exports worth $409M against aluminium and steel import tariffs imposed by Donald Trump. >>
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Toll Collect settles dispute with German government
Wed, 16 May 2018 19:51:35 GMT
 
Toll Collect is to reimburse the German government €3.2B in order to settle a dispute over delayed introduction of a satellite truck toll system. >>
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Macy's raises full-year profit forecast
Wed, 16 May 2018 19:51:17 GMT
 
The US-based department store chain Macy's Inc raised on Wednesday its yearly profit forecast in response to strong tourism spending and gains from a wider product assortment. >>
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EBRD is ready to lend additional funds to Western Balkans
Wed, 16 May 2018 19:00:26 GMT
 
The European Bank for Reconstruction and Development is willing to lend more funds to Western Balkan countries to boost reforms and attract investment, the Bank said today. >>
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Fed's Bullard says rate hikes to slow down economy, reduce inflation
Wed, 16 May 2018 18:58:51 GMT
 
The President of the Federal Reserve Bank of St. Louis James Bullard said further interest rate increases would slow the US economic growth and reduce inflation. >>
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Zuckerberg to meet EP leaders over data privacy
Wed, 16 May 2018 17:52:58 GMT
 
The Facebook CEO Mark Zuckerberg is set to meet European Parliament leaders to answer questions about the improper handling of users' private data by Cambridge Analytica. >>
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Reuters: Brent expected to remain above $70 a barrel due to tighter supply
Wed, 16 May 2018 17:52:28 GMT
 
According to a recent poll by Reuters, the price of Brent crude is likely to remain above $70 a barrel, as the new US sanctions on Iran should tighten the >>
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Richemont introduces new watch brand to attract younger customers
Wed, 16 May 2018 17:10:54 GMT
 
The Swiss luxury goods company Richemont has launched a watch brand Baume which is priced considerably lower in an attempt to attract younger customers. >>
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EUR/USD: US Building Permits
Wed, 16 May 2018 17:08:48 GMT
 
The Greenback weakened against the Eurozone's single currency, following US Retail Sales data release on Tuesday. The EUR/USD currency pair gained only 2 pips, or 0.02%, to continue fluctuating in >>
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