News

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Fri, 14 Sep 2018 19:16:39 GMT

Lavrov accuses UK of using agent Skripal affair to rally EU partners

On Friday, the Russian Foreign Minister Sergei Lavrov accused the United Kingdom of using poisoned former Russian agent Sergei Skripal to rally its European allies.

Fri, 14 Sep 2018 18:30:01 GMT

Manafort agrees plea deal with Mueller

On Friday, Paul Manafort, the ex-campaign manager of the US President Donald Trump, agreed to cooperate with Special Counsel Robert Mueller's investigation of Russian meddling in the 2016 election.

Fri, 14 Sep 2018 18:22:15 GMT

Wall Street declines after Trump approves China's tariffs

On Friday, US shares edged lower after the US President Donald Trump approved additional tariffs worth of $200 billion on Chinese imports.

Fri, 14 Sep 2018 16:51:28 GMT

BoE ready for wide range of outcomes of Brexit

The Bank of England and the UK largest banks were prepared for a hard Brexit, the Governor of the Bank Mark Carney stated, due to reports he warned that it could cause a crash in house prices.

Fri, 14 Sep 2018 16:25:01 GMT

Fed's Evans: one or two more rate increases in 2018

Charles Evans, the Chicago Federal Reserve President, stated that two further rate hikes in 2018 by the US Central Bank would not be surprising, given the strong state of the economy.

Fri, 14 Sep 2018 16:10:13 GMT

US business inventories grow strongly in July

The US business inventories increased solidly in the month of July, boosted by a stronger than initially estimated rise in the motor vehicles stock, the Commerce Department stated.

Fri, 14 Sep 2018 16:04:10 GMT

US retail sales rise barely last month

The US retail sales revealed the smallest gain in the six-month period in August, as consumers diminished purchases on clothing and motor vehicles, the report showed.

Fri, 14 Sep 2018 15:30:07 GMT

US import prices fall markedly in August

The US import prices showed their biggest decline in more than a year and a half in August, due to falls in the fuels' cost and a range of other goods.

Fri, 14 Sep 2018 15:25:09 GMT

US auto sector production fuels industrial output

The US industrial production increased in August, as solid output in car manufacturing offset lacklustre production in the remaining part of the factory sector.

Fri, 14 Sep 2018 14:39:43 GMT

VW to halt Beetle compact car production in 2019

Volkswagen announced it would halt production of the Beetle compact car next year, as the carmaker seeks for a leap towards the future of e-cars.

Fri, 14 Sep 2018 14:32:34 GMT

Santander UK to establish new tech hub in England

On Friday, Santander UK stated it would establish a new $200M worth technology hub in Milton Keynes, England that should house more than 5K staff.

Fri, 14 Sep 2018 13:39:26 GMT

VW launches talks over automotive car standards

On Friday, the German carmaker Volkswagen has launched talks with other companies over introducing the common standards for a self-driving car technology, according to Automotive News.

Fri, 14 Sep 2018 13:35:09 GMT

British Labour Party plans voting against Brexit deal

The British opposition Labour Party will vote against the Prime Minister Theresa May's Brexit deal, party's senior lawmaker said to the Financial Times.

Fri, 14 Sep 2018 10:50:41 GMT

America Movil lowers stake its in KPN to 16%

America Movil, the Mexican telecommunications firm, reduced its stake in the Dutch telecoms group KPN to slightly over 16%, according the AFM financial regulator.

Fri, 14 Sep 2018 10:50:30 GMT

China's Xi, Venezuela's Maduro to meet this Friday

Venezuela's leader Nicolas Maduro is set to meet the Chinese President Xi Jinping this Friday during his visit to Beijing, China's ministry spokesman stated.

Fri, 14 Sep 2018 09:58:26 GMT

Ukraine is in talks with IMF

Ukrainian authorities on Friday revealed that the country's representatives are in talks with the IMF about a new deal that would replace the country's current assistance program.

Fri, 14 Sep 2018 09:57:42 GMT

Euro Zone's labor costs rise

Data on Friday revealed that the European Union's labor costs have risen at their fastest rate during the last six years.

Fri, 14 Sep 2018 09:36:57 GMT

Brazil's Tivit renews listing plans

Tivit Terceirização de Processos, Serviços e Tecnologia, the Brazil IT provider, is planning to resume its initial public offering that had been scrapped in September 2017.

Fri, 14 Sep 2018 08:24:09 GMT

Sweden's Klarna Bank to buy Close Brothers Group's unit

On Friday, Close Brothers Group stated that Sweden's Klarna Bank had agreed to acquire its retail finance unit, not disclosing the value of the deal.

Fri, 14 Sep 2018 08:23:39 GMT

Germany's Metro decides selling Real hypermarkets

The German retailer Metro is planning a sale of its Real hypermarkets, as the company aims to focus on the wholesale business, it stated on Thursday.

Fri, 14 Sep 2018 07:36:35 GMT

China grants approval to Takeda for Shire takeover deal

Takeda Pharmaceutical stated on Friday it had received an approval from China's regulator for its $62B acquisition of Shire, paving the way for the Japanese company to become a global top ten drugmaker.

Fri, 14 Sep 2018 07:32:51 GMT

Nasdaq to acquire Sweden's Cinnober for $190M

On Friday, the exchange operator Nasdaq announced its planned acquisition of Cinnober, Sweden's financial technology provider, in a deal valued at about $190M.

Fri, 14 Sep 2018 06:20:24 GMT

Macron presents anti-poverty plan

The President of France Emmanuel Macron On Thursday announced a $9B anti-poverty plan, which includes better education, school breakfasts, mandatory job training underage school leavers and other measures.

Fri, 14 Sep 2018 06:12:48 GMT

Lira appreciates after rate hike

The Turkish Lira continued to appreciate against the US Dollar on Friday morning, a day after the country's central bank announced rate hike by record 625 basis points.

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