News

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Fri, 30 Mar 2018 08:54:31 GMT

Singapore's CCS says Uber, Grab deal likely to infringe competition

The Competition Commission of Singapore suspects that the sale of Uber Technologies Inc's operations in Southeast Asia to its rival company Grab is likely to infringe competition.

Fri, 30 Mar 2018 08:07:49 GMT

China lowers taxes for semiconductor companies

The Chinese Finance Ministry reported on Friday that it had cut taxes for semiconductor companies in order to reduce the country's dependency on imported chips.

Fri, 30 Mar 2018 07:57:42 GMT

French consumer prices grow more than expected in March

The INSEE reported on Friday that its preliminary CPI rose 1.0% month-over-month in March, after remaining on hold in the prior month, whereas analysts anticipated an increase of 0.8%.

Fri, 30 Mar 2018 07:12:39 GMT

French consumer spending climbs 2.4% in March

French consumer spending rose 2.4% in March, following the preceding month's fall of 1.9% and surpassing analysts' expectations for an increase of 2.2%.

Fri, 30 Mar 2018 07:10:12 GMT

Japan housing starts drop less than expected in February

The MLIT reported on Friday that housing starts fell 2.6% in February, after dropping 13.2% in the prior month, whereas analysts anticipated a decline of 4.1%.

Fri, 30 Mar 2018 06:07:48 GMT

US apartment vacancy rate hits 4.7% in Q1 2018

Reis, a leading real estate research company, reported that the US apartment vacancy rate rose to 4.7% in the first quarter of 2018.

Fri, 30 Mar 2018 06:06:25 GMT

US Apartment vacancy rate hits 4.7% in Q1 2018

Reis, a leading real estate research company, reported that the US apartment vacancy rate rose to 4.7% in the first quarter of 2018.

Fri, 30 Mar 2018 05:56:57 GMT

Global mergers and acquisitions exceed $1T in Q1 2018

The value of global acquisitions and mergers totalled $1.2T in the March quarter of 2018, the strongest on record.

Fri, 30 Mar 2018 05:32:19 GMT

Japan's household spending increases in February

Japan's hosehold spending likely increased for the second month in succession in February, though cold weather and higher food prices would slow the growth pace, a Reuters poll revealed.

Fri, 30 Mar 2018 05:29:35 GMT

Indonesia to unveil simplifies tax-holiday program

Indonesia is expected to offer a simplified program for tax holidays in the following week, with PT Pertamina, the national oil firm, to be the first to benefit.

Fri, 30 Mar 2018 04:27:38 GMT

Huawei reports 28% higher net profit in 2017

China's smartphone maker Huawei Technologies reported a 28% increase in net profit of 2017, driven by strong performance in the domestic market and cost controls.

Fri, 30 Mar 2018 04:27:01 GMT

China anticipates cross-border capital flows to be stable this year

The Chinese Foreign Exchange Regulator anticipated cross-border capital flows to keep being stable and current account surplus to be at the reasonable level this year.

Fri, 30 Mar 2018 03:26:39 GMT

Japan's ASO says not to enter FTA with US

Taro Aso, the Finance Minister of Japan, stated that Japan must not enter a free trade agreement with the US to correct trade imbalances.

Fri, 30 Mar 2018 03:26:06 GMT

Under Amour: 150M accounts of MyFitnessPal breached

Under Amour stated that data from nearly 150M MyFitnessPal fitness and diet application accounts was compromised in February, sending the company's shares down 3% in after-hours trade.

Fri, 30 Mar 2018 02:29:50 GMT

Japanese jobless rate drops unexpectedly in February

The Japanese unemployment rate fell to 2.5% in February from the preceding month's 2.4%, while analysts held expectations for an increase to 2.6%.

Fri, 30 Mar 2018 02:29:07 GMT

Tokyo core consumer prices grow 0.8% in March

Japan's Statistics Bureau reported that core consumer prices in the city of Tokyo rose 0.8% in March, whereas analysts anticipated a climb of 0.9%.

Thu, 29 Mar 2018 20:26:16 GMT

Facebook starts ‘fact-checking' videos and photos

Facebook stated that it begun the "fact-checking" videos and photos to diminish false news stories and hoaxes, which plagued the social media network.

Thu, 29 Mar 2018 20:25:44 GMT

Trump: infrastructure plan to wait until elections in 2018

The US President Donald Trump stated that implementation of his infrastructure plan would likely has to wait up to the congressional elections in November.

Thu, 29 Mar 2018 19:25:16 GMT

Microsoft Windows head to quit due to reorganisation

Microsoft stated that Terry Myerson, the company's Vice President of Windows and devices businesses, is expected to leave due to the main management reshuffle, which put the focus on cloud products.

Thu, 29 Mar 2018 19:24:43 GMT

Atlanta Fed sees US GDP growth pace of 2.4% in Q4

The US economy is expected to expand at a 2.4% yearly growth pace in the Q4, following reports on advanced personal spending and trade data, the Atlanta Fed stated.

Thu, 29 Mar 2018 18:01:18 GMT

US natural gas supplies fall by 63B cubic feet last week

Data released by the US Energy Information Administration on Thursday showed that domestic natural gas supplies were down by 63B cubic feet in the week ended 23 March.

Thu, 29 Mar 2018 18:00:50 GMT

UoM consumer sentiment for March matches forecasts

The University of Michigan consumer sentiment came in at 101.4 for the month of March, broadly in line with expectations.

Thu, 29 Mar 2018 17:00:49 GMT

Chicago PMI falls below 60-point mark

According to the data released by the ISM, the Chicago PMI came in at 57.4 for the month of March, falling below the 60-point mark for the first time since August 2017.

Thu, 29 Mar 2018 17:00:37 GMT

US February core PCE price index up 0.2%

The Bureau of Economic Analysis reported that the US core PCE price index for February grew 0.2%, in line with estimates.

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