News

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Tue, 16 Oct 2018 04:41:47 GMT

Ford reveals new car for China

On Tuesday, Ford Motor Company revealed a new sport utility vehicle designed for the Chinese market. It is the first step in the company's efforts to turn around declining sales in the region.

Tue, 16 Oct 2018 04:41:27 GMT

Stock prices increase in Asia

On Tuesday, during the Asian session stock prices surged after experiencing heavy losses for a week.

Tue, 16 Oct 2018 04:31:05 GMT

OnDeck launches lending subsidiary

OnDeck Capital have created a subsidiary, which will provide services and technology to banks that want to lend money online.

Tue, 16 Oct 2018 04:30:36 GMT

Oil prices surge on Tuesday

On Tuesday, crude oil prices increased as rumours spread that Iranian oil exports have continued to decrease.

Tue, 16 Oct 2018 03:06:37 GMT

HSBC UK Pension Scheme to make investment in solar and wind

The UK Pension Scheme of the HSBC is set to invest $328M in Britain's renewable energy infrastructure, namely wind farms and solar plants, the firm stated on Tuesday.

Tue, 16 Oct 2018 03:03:48 GMT

Portugal government pledges lower budget gap next year

Portugal's Socialist government pledged in the 2019 election-year budget to reach the lowest deficit, while increasing civil servants and helping families with costs of transport.

Tue, 16 Oct 2018 02:40:07 GMT

Chinese factory-gate inflation growth cools in September

The Chinese factory-gate inflation growth weakened for a third month in succession in September due to ebbing domestic demand, indicating more pressure on the economy, as it is still locked in a trade war with the US.

Tue, 16 Oct 2018 02:36:14 GMT

Twilio to purchase SendGrid in $2B deal

Cloud technology business Twilio stated that it is likely to buy email tech firm SendGrid in an all-stock deal valued at nearly $2B, combining two companies that handle communications between users.

Mon, 15 Oct 2018 20:25:29 GMT

US federal government reports widest deficit in six years

The federal government closed the fiscal year of 2018 with $779B in the red, as the government paid more to service an increasing national deb and tax cuts hurt revenues, the Treasury Department reported.

Mon, 15 Oct 2018 20:19:26 GMT

US retail sales grow slightly in September

The US retail sales rose modestly in September, as a jump in purchases of motor vehicles was offset by the largest decline in spending at bars and restaurants in nearly two years.

Mon, 15 Oct 2018 19:35:06 GMT

Bank of America's loan increase overshadows gains in profit

Bank of America's loan increase lagged rivals, while underwriting bonds and fees from advising over deals fell in the Q3, sending the share price 1.7% lower even with profit above expectations.

Mon, 15 Oct 2018 19:32:07 GMT

Spain's economic growth to peak this year

The economic recovery of Spain is expected to peak, as downside risks materialised, the ECB Vice-President stated, after the country's government cut its expansion forecast for 2018 and 2019.

Mon, 15 Oct 2018 18:06:10 GMT

Japan PM Abe promises to proceed with sales tax rise in 2019

Shinzo Abe, the Prime Minister of Japan, promised on Monday to proceed with a hike in the national sales tax in October 2019, adding that the government is set to consider tax breaks for durable goods purchases.

Mon, 15 Oct 2018 18:02:42 GMT

Global FDI declines 41% in H1 after Trump's tax reforms

Global foreign direct investment dropped 41% to $470B in the six-month period of this year, the lowest level since 2005, preliminary data from the UNCTAD revealed.

Mon, 15 Oct 2018 17:38:39 GMT

Macron: France is ready to help North Korea to denuclearise

On Monday, the President of France Emmanuel Macron claimed that France is ready to assist North Korea in the process of denuclearisation but only if North Korea is ready to show real commitments and desire to end the nuclear program. 

Mon, 15 Oct 2018 17:35:58 GMT

Saudi Arabia to hold investment forum despite key speakers pulling out

On Monday, the Public Investment Fund of Saudi Arabia claimed that it will hold the investment forum despite the departure of the key partners and speakers after the allegations related to the assassination of the journalist Jamal Khashoggi.

Mon, 15 Oct 2018 16:31:50 GMT

Italy's ministers cabinet to approve budget on Tuesday

The cabinet of Italy was unable to approve the 2019 state budget on Monday and shifted the approval on Tuesday after the possible budget deficit upset financial markets and was criticised by the EU.

Mon, 15 Oct 2018 16:27:17 GMT

100000 Opel cars to be recalled as part of emission probe

On Monday, the Transport Ministry of Germany claimed that it would order to recall 100000 Opel vehicles as a part of emission probe after prosecutors searched Opel's sites earlier. 

Mon, 15 Oct 2018 15:23:20 GMT

German prosecutors search Opel sites in diesel probe

On Monday, the office of Frankfurt's prosecutors said that German prosecutors have been searching German sites of the car manufacturer Opel as a part of the probe regarding diesel emissions.

Mon, 15 Oct 2018 15:18:31 GMT

UK PM May: disagreements between EU and UK must not result in no-deal Brexit

On Monday, the Prime Minister of the UK claimed that the disagreements between the EU and the UK regarding Irish border must not result in no-deal Brexit for the UK.

Mon, 15 Oct 2018 14:37:36 GMT

Intel and ARM tie up to secure IoT

The rival semiconductor companies Intel and ARM agreed on cooperation to manage the networks of their connected devices and seeking to secure the Internet of Things.

Mon, 15 Oct 2018 14:32:40 GMT

Opel obliged to recall 100K vehicles amid diesel probe

On Monday, the German Transport Ministry stated that around 100K Opel cars needed to be recalled on the back of diesel emissions probe.

Mon, 15 Oct 2018 12:50:16 GMT

Italy's Cabinet due to approve 2019 budget on Tuesday

The Italian government is planning to approve the 2019 budget on Tuesday, after the meeting set for this Monday has been cancelled, as the EU Commission expressed criticism over a surge in the country's deficit.

Mon, 15 Oct 2018 12:50:05 GMT

Disney proposes EU antitrust concessions over Fox deal

Walt Disney has proposed the European antitrust concessions in its efforts to allay the concerns regarding the $71.3B bid for 21 Century Fox's assets, the EU Commission reported.

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