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Proposed healthcare bill to hurt US economy
Tue, 26 Sep 2017 03:21:03 GMT
 
Standard & Poor's Global Ratings report suggested that the recently proposed healthcare bill aiming to overhaul Obamacare is likely to hurt the US economy, affecting 580K jobs. >>
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ADP raises China growth forecast to 6.7% in 2017
Tue, 26 Sep 2017 03:20:36 GMT
 
The Asian Development Bank said that it raised the outlook for China's economic expansion to 6.7% this year due to solid domestic consumption, strong growth in services and an export >>
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Google, Facebook to change political ads handling
Tue, 26 Sep 2017 01:54:11 GMT
 
Alphabet's Google and Facebook will need to rein in political ads and change its handling amid growing pressure from the US government side. >>
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AIG to reorganize into three new units
Tue, 26 Sep 2017 01:53:12 GMT
 
American International Group stated that the company would restructure into three new units and would no longer have separated consumer and commercial business. >>
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Target to raise minimum hourly wage
Mon, 25 Sep 2017 20:11:27 GMT
 
On Monday, the Minneapolis-based retailer Target revealed it would raise the minimum hourly wage to $11 and promised to increase it to $15 per hour by 2020. >>
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Yemeni forces detain US citizen
Mon, 25 Sep 2017 20:10:58 GMT
 
The Yemeni Houthi forces arrested an American citizen in the country's capital of Sanaa, the man's colleagues revealed on Monday. >>
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Fed's Evans: monetary policy remains accommodative
Mon, 25 Sep 2017 19:03:02 GMT
 
Chicago Federal Reserve President Charles Evans revealed on Monday that he believed the country's monetary policy was still accommodative. >>
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US Dudley: Fed on course to hike rates
Mon, 25 Sep 2017 19:02:33 GMT
 
The President of the New York Fed William Dudley said the central bank was on track to hike rates given the strong US economic fundamentals. >>
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Deloitte suffers from cyber attack
Mon, 25 Sep 2017 18:02:34 GMT
 
On Monday, the global accountancy company Deloitte said hackers had attacked the company's e-mail platform, compromising data of a number of the firm's clients. >>
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Lufthansa appoints new chairman
Mon, 25 Sep 2017 18:02:17 GMT
 
Lufthansa announced on Monday it had appointed the company's former CFO Karl-Ludwig Kley as the new supervisory board chairman. >>
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Morgan Stanley ordered to pay $13M in fines
Mon, 25 Sep 2017 17:03:21 GMT
 
On Monday, the US Financial Industry Regulatory Authority ordered Morgan Stanley to pay around $13M in restitution and fines. >>
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Republicans revise healthcare bill on tepid support
Mon, 25 Sep 2017 17:03:05 GMT
 
Appealing to those senators who are still undecided, the Republicans released a revised legislation to voice more support for the Obamacare repeal bill. >>
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Daimler to check truck "platooning" on US roads
Mon, 25 Sep 2017 16:05:10 GMT
 
The truck division of the German carmaker Daimler announced it would test its new "platooning" technology on US roads. >>
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Nets welcomes Hellman & Friedman's takeover bid
Mon, 25 Sep 2017 16:04:10 GMT
 
On Monday, the Nordic-based payments company Nets said it had welcomed a $5.3B takeover bid from Hellman & Friedman, a leading US private equity firm. >>
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CB Leading Index for China up 1.1% in August
Mon, 25 Sep 2017 15:07:00 GMT
 
According to the data released by the Conference Board on Monday, the Leading Index for China advanced 1.1% in August compared with an upwardly-revised gain of 1.0% registered in July. >>
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