News

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Wed, 18 Jul 2018 04:15:03 GMT

Oil trades lower amid higher US inventories

The price of oil futures weakened on Wednesday following a report that US crude inventories increased last week instead of falling considerably, as previously expected.

Wed, 18 Jul 2018 04:07:15 GMT

Asian shares gain on solid US economic outlook

Asian shares opened higher early on Wednesday in response to the US Dollar strengthening after the bullish assessment of the US economy by the Fed Chair Jerome Powell.

Wed, 18 Jul 2018 03:15:18 GMT

America Movil's net profit plummets in Q2 amid currency losses

Mexico's America Movil, the biggest telecommunications company in Latin America by number of subscribers, revealed that its net profit fell 94% in the second quarter, affected by currency-related swings.

Wed, 18 Jul 2018 03:08:57 GMT

Fairfax to share costs of printing with News Corp

Australia's publisher Fairfax Media stated on Wednesday that it agreed to collaborate with rival News Corp's Australian unit on printing newspapers to diminish costs.

Wed, 18 Jul 2018 02:39:01 GMT

Eu, Japan sign trade pact due to worries about Trump

The European Union and Japan signed a wide-ranging free trade agreement that both sides would try acting as a counterweight to protectionism intentions by the US President Donald Trump.

Wed, 18 Jul 2018 02:32:55 GMT

Canada's temporary tattoo start-up wins $10M in funding

A Toronto-based start-up secured funding of $10M from venture capitalists to extend its operations in the tattoo business, the company's CEO stated on Tuesday.

Tue, 17 Jul 2018 20:31:11 GMT

Alphabet unit GV leads $16M investment in Peerspace

GV, Alphabet's venture capital arm, has led a $16M investment this month into a self-service online booking service Peerspace, the companies stated on Tuesday.

Tue, 17 Jul 2018 20:28:26 GMT

JPMorgan Chase makes investment into AI start-up Volley

JPMorgan Chase & Co has invested into San Francisco's artificial intelligence start-up Volley.com to help large companies generate training content aimed at employees automatically.

Tue, 17 Jul 2018 18:54:34 GMT

President Trump sets to speak about Putin meeting at 1800 GMT

White House Press Secretary Sarah Sanders said that President Donald Trump will speak to the nation on Tuesday at 1800 GMT regarding his meeting with Russian President Vladimir Putin in Helsinki.

Tue, 17 Jul 2018 18:54:10 GMT

US Dollar rises after Fed chair Powell remarks

The US Dollar strengthened against other major currencies on Tuesday following strong economic assessment from Federal Reserve Chairman Jerome Powell.

Tue, 17 Jul 2018 18:03:06 GMT

UK trade minister warns pro-EU rebel against trade law

Junior trade minister George Hollingbery told parliament on Tuesday that UK government cannot accept plan brought by pro-EU rebels that is likely to see Britain stay in the customs union.

Tue, 17 Jul 2018 18:02:24 GMT

Obama warns against strongmen politics

On Tuesday, former US President Barack Obama warned against the rise of strongmen politics and said the world should resist and push back.

Tue, 17 Jul 2018 17:10:09 GMT

New Goldman CEO to inherits old problems

On Tuesday, Goldman Sachs Inc nominated David Solomon as their next CEO, bringing a new period for the Wall Street Banks as it extends into different businesses.

Tue, 17 Jul 2018 17:06:20 GMT

US manufacturing and industrial production increases

Industrial and manufacturing production in the United States increased in June, because of a sharp bounce back in manufacturing and additional gains in mining output.

Tue, 17 Jul 2018 16:03:41 GMT

Goldman Sachs announces new CEO, strong profit

Goldman Sachs named new Chief Executive and reported a better-than-anticipated rise in quarterly profit, while investors were focused on weak performance in the company's main businesses.

Tue, 17 Jul 2018 16:03:33 GMT

Lloyds Bank to operate threes subsidiaries in EU after Brexit

Lloyds Banking Group announced plans for three subsidiaries in Europe after the UK leaves the European Union, indicating how Brexit would fragment the banking industry concentrated in London.

Tue, 17 Jul 2018 15:23:56 GMT

Johnson & Johnson profit grows on strength in pharma business

Johnson & Johnson reported a higher-than-expected quarterly revenue and profit, as strong demand for cancer drugs made up for decreasing sales of other treatments.

Tue, 17 Jul 2018 15:23:28 GMT

UnitedHealth medical costs below estimates in Q2, shares slide

UnitedHealth Group, the largest health insurer in the US, reported that medical costs were slightly higher in the Q2 than Wall Street expectations, sending shares down 4%.

Tue, 17 Jul 2018 14:24:18 GMT

IBM calls for $167M from Groupon in patent dispute

On Monday, International Business Machines has demanding $167M in a lawsuit from Groupon, as it is accusing the e-commerce marketplace operator of using the patent technology with no authorisation.

Tue, 17 Jul 2018 14:17:04 GMT

EU Commission agrees on data accord with Japan

The European Commission has agreed on a deal with Japan on Tuesday to allow businesses to transfer personal data seamlessly between the Asian country and the EU, mending their economic ties.

Tue, 17 Jul 2018 13:36:17 GMT

Kenya's Safaricom in discussion to launch M-Pesa in Ethiopia

Kenya's Safaricom is in the advanced discussion with Ethiopia's authorities to launch its famous mobile money service M-Pesa, as it seeks to establish a toe-hold in the 100M people market.

Tue, 17 Jul 2018 12:58:50 GMT

Hino Motors adds artificial intelligence to its hybrid trucks

The Japanese truck-making unit of Toyota Motor is implementing artificial intelligence into its diesel-electric hybrids to improve the fuel efficiency, as competitors focus on the full-battery-powered models.

Tue, 17 Jul 2018 11:38:32 GMT

IBM ties up with Stronghold over new digital stable coin

IBM is partnering with Stronghold over a new cryptocurrency, as the US financial services operator adds more stability to the sector famous for its volatility, both firms announced on Tuesday.

Tue, 17 Jul 2018 10:23:23 GMT

Bank of Ghana cancels Belstar Capital takeover deal with ADB

On Monday, the Central Bank of Ghana annulated the Belstar Capital's purchase of a 51% majority stake in Agriculture Development Bank due to inappropriate acquisition of the stakes.

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