News

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Wed, 17 May 2017 04:23:56 GMT

South Korea seeks to renew communications with North Korean

The South Korean President Moon Jae-in wants to reopen communications and impose sanctions on North Korea, tending to rein in the missile programme as its neighbour continues to ignore calls from its major allies.

Wed, 17 May 2017 03:04:09 GMT

Australia wages grow at slowest pace

Australian wages held the slowest annual growth pace of 1.9% in the three-month period to March 2017, while household debt climbed to a record high.

Wed, 17 May 2017 02:51:29 GMT

Australian consumer sentiment declines in May, Westpac survey

Data released by the Westpac-Melbourne Institute revealed that the Consumer Confidence Index in Australia fell 1.1% in May, posting the second straight month of decrease.

Wed, 17 May 2017 02:05:01 GMT

Office space increases in London despite Brexit uncertaity

Deloitte survey showed that the amount of available office space in London climbed 19% in Q1, even with expectations for lower rental values in a post-Brexit period.

Wed, 17 May 2017 02:01:59 GMT

Atlanta Fed raises GDP forecast for Q2 above 4%

The Atlanta Fed updated its forecast for the US economy to post a 4.1% yearly increase in the second quarter, following April figures on industrial output and housing starts.

Tue, 16 May 2017 20:14:32 GMT

US concludes new defence accord with UAE

The US signed on Tuesday an updated defence accord with UAE, thus allowing Washington to relocate more troops and equipment in the given Gulf region's country.

Tue, 16 May 2017 20:08:41 GMT

Oil prices relatively unchanged on Tuesday

Oil prices remained flat in Tuesday's trading session in response to OPEC members giving support for the possible extension of supply cuts until March 2018.

Tue, 16 May 2017 18:59:34 GMT

US security adviser dismisses allegations that Trump disclosed sensitive information

The US national security adviser McMaster reassured that Trump did not disclose any information that may cause a breach of national security in the meeting with Russian officials.

Tue, 16 May 2017 18:55:18 GMT

Trump may notify Congress about NAFTA next week, says Mexico

The Mexican Economy Minister Ildefonso Guajardo expects the Trump administration to inform Congress in the upcoming week of the need to renegotiate NAFTA.

Tue, 16 May 2017 17:55:55 GMT

Businesses suffering from latest cyber-attack may face lawsuits

Legal experts claim that businesses that suffered from the tremendous cyber-attack over the weekend may face lawsuits for the negligence to ensure proper cyber security.

Tue, 16 May 2017 17:53:24 GMT

Dollar index trades lower due to external pressures

The US dollar index edged lower on Tuesday in response to weaker-than-expected housing data and political uncertainty in Washington.

Tue, 16 May 2017 17:05:33 GMT

Lenovo to restructure its business in China

Lenovo Group Ltd announced on Tuesday a plan to restructure its business in order to adapt more easily to the fast-moving Chinese consumer market.

Tue, 16 May 2017 16:57:20 GMT

Greece's debt relief without agreement

EU lenders and the IMF have not yet reached an agreement on Greece's debt relief. A possible solution is to be discussed at the next meeting of Eurozone finance ministers on 22 May.

Tue, 16 May 2017 15:56:41 GMT

CB Leading Indicator slips 0.2% in March

The Conference Board Leading Economic Indicator for the United Kingdom dropped 0.2% over the month of March, data revealed on Tuesday.

Tue, 16 May 2017 15:55:49 GMT

US building permits down 2.5% in April

United States building permits decreased 2.5% to an annualised pace of 1.23M units in April, missing economists' expectations for a 1.27M-unit rate.

Tue, 16 May 2017 15:00:19 GMT

US new-home construction drops 2.6% in April

Data released on Tuesday revealed US housing starts slid 2.6% to an annualised 1.17M-unit rate in April, following the downwardly revised 1.27M-unit rate registered in March.

Tue, 16 May 2017 15:00:06 GMT

ZEW Economic Climate Index up 1.1 point in May

The German ZEW Economic Sentiment Index posted a 1.1-point increase to settle at 20.6 over the course of May, missing analysts' expectations for a 22.3-points print.

Tue, 16 May 2017 14:18:42 GMT

Facebook adds quirky face-tracking filters to Instagram

Facebook added a new Snapchat-like camera tool to its Instagram app, leading in an "innovation" race with its rival as Snap's shares had already dropped 23% last week after posting its Q1 results.

Tue, 16 May 2017 13:57:40 GMT

Schoenefeld airport evacuates people amid tear gas outbreak

Berlin's Schoenefeld airport Terminal D was evacuated on Tuesday amid a suspected outrage of tear gas. The incident hit the area that was mainly served by the Ryanair and EasyJet low cost carriers.

Tue, 16 May 2017 13:31:47 GMT

France postpones new government announcement until Wednesday

The President Emmanuel Macron's office stated that the official announcement of the French new government was postponed to Wednesday.

Tue, 16 May 2017 13:10:06 GMT

Euro zone trade surplus hits €23.1B in March

On Tuesday, Eurostat reported that Euro zone's trade surplus reached €23.1B in March, topping analysts' expectations for a €18.8B reading.

Tue, 16 May 2017 12:34:39 GMT

France's data watchdog imposes $166K on Facebook

The French data watchdog fined Facebook for $166K as the social media failed to prevent advertisers from accessing the users' data.

Tue, 16 May 2017 12:24:40 GMT

Ukraine slaps sanctions on Russia's web firms citing hack threats

The Russian largest web group Yandex and other well-known online firms got under the sanctions as Ukraine tends to protect itself against presumable cyber attacks.

Tue, 16 May 2017 11:28:42 GMT

Hackers access DocuSign customer email database

On Tuesday, the electronic signature service DocuSign announced that its customer email database was exposed by hacks, which deemed to be connected with phishing emails addressed to the company's users.

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