News

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Thu, 03 May 2018 07:27:05 GMT

Oil prices drop on record high US crude inventories

Oil dropped on Thursday, caused by enormous amount of US crude inventories, reaching weekly US production record that disrupted efforts by OPEC to cut supplies.

Thu, 03 May 2018 07:17:16 GMT

France's Macron visits New Caledonia to solve independence issue

On Thursday, French President Emmanuel Macron came to the New Caledonia to increase effort by those citizens wishing a referendum will lead to a rejection of the freedom. 

Thu, 03 May 2018 06:12:07 GMT

Australia's trade balance beats expectations in March

Australia's trade surplus reached a ten-month peak of 1.53B in March due to strong exports, the Australian Bureau of Statistics reported on Thursday.

Thu, 03 May 2018 06:06:23 GMT

China will open iron ore futures to foreign investors

The Dalian Commodity Exchange in China is set to open the trade of iron ore futures to foreign investors on Friday in order to make the given market more liquid.

Thu, 03 May 2018 05:23:52 GMT

Gold demand weakest in decade

Gold demand weakest in decade Gold demand marked its weakest start to the year in a ten-year period, as prices stagnated and rate hike risks led investors to look for better returns elsewhere.

Thu, 03 May 2018 05:19:15 GMT

GM to make 3D-printed lightweight car parts

General Motors states that it was cooperating with design software firm Autodesk to manufacture new 3D-printed car parts, aiming to start alternative-fuel vehicle production.

Thu, 03 May 2018 04:14:00 GMT

Fitbit sees weak sales to hit revenue in Q2

Fitbit announced forecast for the second-quarter revenue to be below Wall Street estimate amid expectations for a lingering sales decline in fitness tracking devices.

Thu, 03 May 2018 04:13:39 GMT

Amazon to open fulfilment centre in Australia

Amazon.com stated that the company is set to open a new fulfilment centre in Australia's Sydney in this year's second half.

Thu, 03 May 2018 03:07:57 GMT

Jaguar hires new production chief to prepare plants for electric cars

The UK largest car producer Jaguar Land Rover was replacing the company's director for manufacturing, getting its plants ready for electric vehicles.

Thu, 03 May 2018 03:05:57 GMT

Australian biggest bank to reveal loss of 20M accounts

The Commonwealth Bank of Australia was forced to reveal that it lost nearly 20M accounts' records and decided to leave customers not informed.

Wed, 02 May 2018 19:54:54 GMT

Teva Pharmaceutical Industries not to sell SLE logistics business

The Israeli Teva Pharmaceutical Industries Ltd has decided not to sell the SLE distribution and logistics unit after conducting a detailed examination of its activities.

Wed, 02 May 2018 19:54:31 GMT

IMF releases ‘declaration of censure' against Venezuela

The International Monetary Fund issued on Wednesday a ‘declaration of censure' against Venezuela in response to its failure to provide adequate economic data.

Wed, 02 May 2018 19:03:54 GMT

UAE warns investors about business with Financial.org

The Emirates Securities & Commodities Authority has warned investors against doing business with Financial.org, as it lacks permission to provide financial transactions in Asia.

Wed, 02 May 2018 19:01:11 GMT

WSJ: Cambridge Analytica to close due to lost clients, legal fees

The Cambridge Analytica is closing due to an increasing number of lost clients and legal fees from the Facebook investigation, the Wall Street Journal reported on Wednesday.

Wed, 02 May 2018 18:17:09 GMT

Fed leaves interest rates unchanged

The Federal Reserve held its benchmark interest rate unchanged at 1.75% on Wednesday, expressing confidence that the current level of inflation could be sustained.

Wed, 02 May 2018 18:05:06 GMT

EU officials: Bosnia might suffer constitutional crisis due to voting dispute

According to senior EU officials, constitutional crisis might escalate in Bosnia if its rival ethnic groups failed to resolve a voting dispute prior to autumn elections.

Wed, 02 May 2018 17:01:49 GMT

Junker: EU will not negotiate US import tariff exemption under threat

The President of the European Commission Jean-Claude Juncker explained on Wednesday that the EU would not negotiate an exemption from US tariffs under threat.

Wed, 02 May 2018 16:58:39 GMT

BoE appoints former Morgan Stanley analyst as senior advisor

The Bank of England has appointed Huw van Steenis, a former banking analyst at Morgan Stanley, as a senior advisor on the future of the UK's financial system.

Wed, 02 May 2018 15:53:44 GMT

EC proposes multi-year budget with increased spending

The European Commission introduced on Wednesday a budget proposal that would increase the EU's spending by 10% in 2021-27 to €160B per year, compared to €150B now.

Wed, 02 May 2018 15:52:51 GMT

CEO: Unilever moves HQ to increase strategic flexibility

The Chairman of Unilever Marijn Dekkers said on Wednesday that the company's decision to move its HQ from London to the Netherlands was aimed at achieving strategic flexibility.

Wed, 02 May 2018 15:18:46 GMT

IATA: demand for global air freight slows in March

The International Air Transport Association reported on Wednesday that demand for air freight expanded by limited 1.7% in March due to reduced global trade.

Wed, 02 May 2018 15:10:36 GMT

US renews tariffs, quotas on Brazilian imports

The US government has called off trade talks with Brazil and reinstated quotas and tariffs on its steel and aluminium imports.

Wed, 02 May 2018 14:06:49 GMT

Apple shares surge on iPhone sales estimates on Wednesday

On Wednesday, Apple shares rose 3%, following its quarterly report and the iPhone sales estimates for the current period, which calmed down the tech giant's investors over potential slowdown in its flagship product sales.

Wed, 02 May 2018 13:52:39 GMT

India's L&T to sell its electrical unit to Schneider for $2.1B

India's Larsen & Toubro agreed to sell its automation and electrical business for $2.1B to Schneider Electric, to combine the unit with its industrial automation and low voltage products business in India.

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