News

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Fri, 04 May 2018 17:56:12 GMT

US unemployment rate falls to 3.9%

The US unemployment rate dropped to the lowest level in a more than 17 years of 3.9%, as some out-of-work citizens left the labour force.

Fri, 04 May 2018 17:55:42 GMT

US job growth strengthens in April

The US Non-Farm Payrolls added 164K positions last month, following an upwardly revised gain of 135K jobs in the prior month, the Labour Department reported.

Fri, 04 May 2018 17:00:11 GMT

France wants EU's full exemption from US tariffs

France was against the EU entering into trade talks with the US on metal tariffs, a French official stated, adding that the exemption should be permanent.

Fri, 04 May 2018 17:00:00 GMT

UTC receives approval to purchase Rockwell Collins

The US industrial and aerospace company United Technologies Corp gained EU antitrust approval for its $23B bid for Rockwell Collins, the avionics maker.

Fri, 04 May 2018 16:04:54 GMT

China's current account deficit at $28.2B in Q1

China posted a $28.2B current account deficit in the March quarter of 2018, the country's FX regulator stated in the prelimnary report.

Fri, 04 May 2018 16:04:04 GMT

EZ retail sales grow 0.1% in March

Retail sales in the Euro Zone grew less than anticipated 0.1% in March, following a 0.3% rise in the prior month, industry data revealed.

Fri, 04 May 2018 15:31:24 GMT

Western Europe's car sales grow 9.1% in April

Western Europe's car sales increased 9.1% in the month of April compared to the same month year ago, supported by the timing of Easter holiday, the LMC report showed.

Fri, 04 May 2018 15:27:55 GMT

France's March trade deficit widens on slump in aircraft sales

The French Ministry for the Economy and Finance rreported that the country's trade deficit widened in March due to a slump in aircraft sales.

Fri, 04 May 2018 13:59:51 GMT

Banks lag in the European share rebound

On Friday, European bank stocks were the ones slowing down the rebound of European stock indexes.

Fri, 04 May 2018 13:15:53 GMT

Elliot secures Telecom Italia's board

The activist fund Elliot has managed to secure two thirds of Telecom Italia's board members. This achievement was gained during the Friday's shareholder vote.

Fri, 04 May 2018 13:09:39 GMT

Musk defends his treatment of analysts

The Chief Executive Office of Tesla on Friday announced that the cut off analysts were searching for a justification to short the company's stock, and that is why they were cut off.

Fri, 04 May 2018 13:03:42 GMT

Theresa May gets good results in London election

The Prime Minister of the United Kingdom on Friday avoided a complete wipe-out of her party in the London's local election.

Fri, 04 May 2018 11:53:02 GMT

Alibaba profits surge in first quarter

The Chinese conglomerate's Alibaba earnings have grown by sixty one percent in the last quarter. This announcement caused a four percent surge of the company's stock price pre-market.

Fri, 04 May 2018 11:41:28 GMT

US Treasury will push for higher global interest rates

The representatives of the United States are planning to argue for higher global lending rates at the Asian Development Bank's meeting planned for this weekend.

Fri, 04 May 2018 11:09:00 GMT

Egypt considers sending troops to Syria

According to the Al-Ahram newspaper, the government of Egypt is considering possibility of sending Arab troops to Syria whose task would be to replace the US contingent.

Fri, 04 May 2018 11:03:53 GMT

Saudi Arabia to spend $13.33B on lifestyle

According to initiative proposed by Crown Prince Mohammed bin Salman, Saudi Arabia will spend $13.33B in next three years on various educational, sports, health and entertainment projects.

Fri, 04 May 2018 10:06:54 GMT

China and US find compromise on certain trade issues

According to the Xinhua news agency, China and the United States managed to reach agreement on some issues, such as trade in telecommunication sector, but discrepancy over other problems still remains "relatively big".

Fri, 04 May 2018 10:06:48 GMT

JPMorgan announces its head of AI research

Manuela Veloso, the head of machine learning department at Carnegie Mellon University, was selected on Friday to manage JPMorgan Chase & Co artificial intelligence research.

Fri, 04 May 2018 09:30:15 GMT

VW's former CEO faces charges in US

The US Justice Department filed criminal charges on Friday against former CEO of Volkswagen Martin Winterkorn, incriminating him conspiracy over diesel emissions cheating.

Fri, 04 May 2018 09:26:29 GMT

Turkey's CHP nominates Ince to challenge Erdogan

The main Turkish opposition Republican People's Party (CHP) nominated on Friday 53-year-old former teacher Muharrem Ince to compete with Tayyip Erdogan for the post of country's president.

Fri, 04 May 2018 05:14:27 GMT

Pentagon to consider reduction of US presence in South Korea

According to the New York Times, the US President Donald Trump asked Pentagon to consider the possibility of reduction of the US military presence in South Korea.

Fri, 04 May 2018 05:11:12 GMT

UK Conservatives retain control in London

The UK Prime Minister Theresa May's Conservative Party managed to retain control in one of the London's districts in local authority elections, thus refuting rumours about strengthening of the position of Labour Party.

Fri, 04 May 2018 04:21:04 GMT

Berkshire Hathaway acquires 75M Apple shares in Q1

The CEO of Berkshire Hathaway Warren Buffett said in an interview to CNBC that the fund has additionally acquired nearly 75M of Apple shares in first quarter and noted that Apple is rather consumer then technology company.

Fri, 04 May 2018 04:15:41 GMT

China to widen its futures market

The China Security Regulatory Commission stated on Friday it will increase the number of futures contracts available to non-local investors, such as crude oil or iron ore contracts.

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