News

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Thu, 11 Jan 2018 18:52:00 GMT

MoneyGram partners with Ripple, shares jump

MoneyGram's shares surged 10.5% on Thursday after the company announced it partnered with Ripple, a blockchain-based payment company.

Thu, 11 Jan 2018 17:55:54 GMT

China welcomes progress in inter-Korean talks

The Blue House reported China's President Xi Jinping welcomed progress made in talks between North and South Korea in his phone conversation with the South Korean President Moon Jae-in.

Thu, 11 Jan 2018 17:54:52 GMT

Delta's shares jump after Q4 profit

Delta Air Lines reported on Thursday better-than-expected profit for the December quarter, sending the company's shares up 3.5% after the bell.

Thu, 11 Jan 2018 16:59:03 GMT

Tillerson to attend international meeting on North Korea

The State Department reported on Thursday that the US Secretary of State Rex Tillerson would attend a major international meeting of foreign ministers in Canada next week to discuss the North Korean crisis.

Thu, 11 Jan 2018 16:56:44 GMT

US unemployment claims rise unexpectedly last week

The US Department of Labour reported that unemployment claims rose to 261K in the week ended January 5, up from the prior week's 250K, while analysts expected a decline to 246K.

Thu, 11 Jan 2018 16:19:09 GMT

US producer prices fall unexpectedly last month

The Bureau of Labour Statistics reported on Thursday that its PPI dropped 0.1% in December, after rising 0.4% in the preceding month, whereas analysts anticipated a 0.2% gain.

Thu, 11 Jan 2018 16:16:14 GMT

Canadian house prices rise less than expected in November

Statistics Canada reported on Thursday that its National House Price Index rose 0.1% in November, following the prior month's gain of 0.1% and missing analysts' expectations for an increase of 0.2%.

Thu, 11 Jan 2018 14:51:53 GMT

Government takes over Binladin Group

Saudi Arabian authorities have announced that the government is taking control over Saudi Binladin Group. Moreover, some of the group's assets might get handed over into state ownership.

Thu, 11 Jan 2018 14:51:17 GMT

Walmart raises salaries

Walmart has announced that the company will raise entry level wages. The hourly wage will be $11 an hour. The Trump tax overhaul is stated to be the reason for the wage raise.

Thu, 11 Jan 2018 13:50:14 GMT

European watchdog warns rating agencies

The watchdog of European financial markets on Thursday criticized credit rating agencies, announcing that they are not providing enough clarity in regards to their fees.

Thu, 11 Jan 2018 13:42:10 GMT

ECB causes Euro jump

The jump of the Euro against the rest of the currency markets on Thursday was caused by the European Central Bank. The bank issued guidance of future actions.

Thu, 11 Jan 2018 12:51:06 GMT

Toyota and Mazda announce massive US plant

Toyota and Mazda car producers on Wednesday announced plans to build a $1.6 billion worth factory in the US state of Alabama. The event is seen as a boost to US President Donald Trump, who wants car making to return to the US.

Thu, 11 Jan 2018 12:50:53 GMT

Delta profits beat estimates

Delta Air Lines reported larger than expected fourth quarter earnings. The results were beat due to more people flying over the holiday period.

Thu, 11 Jan 2018 12:16:14 GMT

Europe calls US to respect Iran nuclear deal

On Thursday, Germany, France, Britain and European Union jointly called the White House to respect terms of the Iran nuclear agreement, adding that their Eastern partner has a right to enjoy benefits from the deal.

Thu, 11 Jan 2018 12:16:00 GMT

UK refuses to hold second Brexit referendum

According to the UK Prime Minister Theresa May's spokesman, Britain will not organize a second referendum on Brexit; he added that the government is working hard to negotiate the "best trade deal" for the British citizens.

Thu, 11 Jan 2018 11:03:34 GMT

China supports talks between Seoul and Pyongyang

According to the South Korean President Moon's office, the leader of China Xi Jinping supported inter-Korean negotiations, adding that the normalization of relations should "go in parallel" with the denuclearisation of the peninsula.

Thu, 11 Jan 2018 11:03:13 GMT

Russia denies involvement in Mexican politics

The Kremlin spokesman Dmitry Peskov said on Thursday that Russia did not meddle into Mexican internal affairs on the eve of presidential elections, thus denying the allegation made by the US National Security Adviser General McMaster.

Thu, 11 Jan 2018 10:02:36 GMT

Tesco misses Christmas sales forecast

According to market research conducted this week, the British retailer Tesco did not hit its sales forecasts for Christmas week, as low demand on general goods undermined revenue generated from food sales.

Thu, 11 Jan 2018 10:02:25 GMT

South Korea intends to ban digital currency trading

The world's most popular digital currency Bitcoin lost more than 10%, as South Korea's government revealed its plans to forbid cryptocurrency trading due to concerns over tax evasion on local exchanges.

Thu, 11 Jan 2018 09:14:42 GMT

Report: 500 000 jobs, £50B could be lost due to ‘no-deal' Brexit

According to a report authorised by the Mayor of London, the UK could lose around 500 000 jobs and £50B in twelve years if it does not agree on a trade deal with the EU.

Thu, 11 Jan 2018 08:54:54 GMT

Tesco reports 1.9% increase in like-for-like sales during Christmas

The British retailer Tesco reported on Thursday a 1.9% increase in its like-for-like sales in the UK during Christmas; however, market forecasts were not met.

Thu, 11 Jan 2018 08:10:04 GMT

EU, Iran to meet on Thursday to discuss nuclear deal

EU officials are set to reaffirm their support for the Iranian nuclear deal on Thursday, thus conveying an opposing message to the US that has rejected the agreement.

Thu, 11 Jan 2018 08:04:22 GMT

CAC says Ant Financial failed to comply with information security issues

The Cyberspace Administration of China announced that Alibaba's payment affiliate Ant Financial had failed to comply with the country's standards on personal information security.

Thu, 11 Jan 2018 07:07:41 GMT

Tokyo stocks weaken on Thursday

Tokyo stocks were trading lower in the Asian session on Thursday, as speculations about the end of Japan's quantitative easing were pressuring the Yen lower for the second day.

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