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China's December services PMI overcome tree-year high
Thu, 04 Jan 2018 03:10:24 GMT
China's services sector expanded at its strongest pace in more than three years in the month of December on solid increase in new business, a private survey indicated. >>
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GM's China vehicle sales grow 13.1% in December
Thu, 04 Jan 2018 03:09:53 GMT
General Motors' stated that the company's sales in China increased 13.1% year-on-year in December to 491K vehicles, following a 13% rise in the prior month. >>
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S&P hits record high late on Wednesday
Wed, 03 Jan 2018 20:54:50 GMT
The S&P 500 index climbed above the 2,700 mark on Wednesday, as technology stocks responded positively to economic growth prospects in the US and globally. >>
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Dollar gains momentum after Fed minutes release
Wed, 03 Jan 2018 20:53:52 GMT
The US Dollar strengthened against major currencies late on Wednesday in the wake of the Fed releasing minutes from its December meeting. >>
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Fed policymakers see inflation guiding rate hikes this year
Wed, 03 Jan 2018 20:01:28 GMT
The US Federal Reserve's minutes showed on Wednesday that policymakers were concerned about low inflation, as interest rate hikes would not be justified without an upswing. >>
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FAFT: Mexico fails to prosecute money laundering
Wed, 03 Jan 2018 19:59:29 GMT
According to a report by the Financial Action Task Force, Mexico failed to prosecute money laundering due to the use of reactive investigation approach and corruption. >>
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Macron calls for stronger media legislation
Wed, 03 Jan 2018 18:51:18 GMT
The French President Emmanuel Macron said on Wednesday that the country needed stronger legislation on social media platforms to fight against ‘fake news'. >>
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ICI: US fund investors favour bonds, global stocks in 2017
Wed, 03 Jan 2018 18:51:06 GMT
US fund investors favoured bonds and global stocks over domestic equities in 2017, as shown by the latest Investment Company Institute data. >>
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Automakers report lower December sales in US
Wed, 03 Jan 2018 17:54:44 GMT
Data reported by major auto manufacturers showed on Wednesday a decrease in December sales in the US as a result of higher interest rates and consumer uncertainty. >>
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Atlanta Fed: US Q4 growth forecast at 3.2%
Wed, 03 Jan 2018 17:53:04 GMT
The US economy is expected grow at 3.2% in Q4 of 2017 due to solid fundamental data, the GDPNow forecast model by the Federal Reserve of Atlanta showed on Wednesday. >>
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ECB bond purchases hit two-year low
Wed, 03 Jan 2018 17:09:12 GMT
Corporate bond purchases by the European Central Bank fell to a two-year low of €50.2B in December, data showed this Wednesday. >>
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Bond yields in Euro zone fall as MiFID II takes effect
Wed, 03 Jan 2018 16:59:51 GMT
Borrowing costs in the Euro zone declined by several basis points, as the revised version of the Markets in Financial Instruments Directive took effect on Wednesday. >>
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Apple acquires Buddybuild
Wed, 03 Jan 2018 15:56:56 GMT
Apple has purchased a Vancouver-based software development tools maker Buddybuild, a company blog reported; however, no sale terms have been yet disclosed. >>
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December ISM Manufacturing PMI tops expectations
Wed, 03 Jan 2018 15:55:41 GMT
The report released by the Institute for Supply Management on Wednesday showed that the Manufacturing PMI rose to 59.7, topping analysts' expectations for a 58.1-point reading. >>
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More than 50% of new Norway vehicle sales hybrid or electric
Wed, 03 Jan 2018 14:59:26 GMT
Sales of hybrid or electric cars surpassed half of newly registered vehicles in Norway over the course of 2017, a record supported subsidies fuelling the country's shift from fossil fuel >>
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