News

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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.

Thu, 29 Mar 2018 16:37:53 GMT

Canada's GDP drops 0.1% in January

Statistics Canada reported on Thursday that the country's GDP slid 0.1% over the course of January, missing analysts' expectations.

Thu, 29 Mar 2018 16:37:37 GMT

UK mortgage approvals fall to 64K in February

Data released by the Bank of England showed that February mortgage approvals fell below their six-month average for both home purchase and re-mortgaging. 

Thu, 29 Mar 2018 15:23:23 GMT

German unemployment drops by 19K in March

The German Federal Employment Agency revealed on Thursday that the country's unemployment dropped by 19K over the course of March.

Thu, 29 Mar 2018 15:22:06 GMT

UK final Q4 2017 GDP in line with forecasts

According to the data released by the UK Office for National Statistics, the state's GDP for the final quarter of 2017 expanded at a pace of 0.4%.

Thu, 29 Mar 2018 14:34:17 GMT

China's iQiyi prices its US IPO at $18 per share

On Wednesday, China's streaming platform iQiyi priced its US IPO at $18 per share, which is in the middle of the company's target range of $17-$19 per share.

Thu, 29 Mar 2018 14:31:41 GMT

Sky's Italian unit, Open Fiber clinch broadband deal

Sky's Italia unit and the broadband firm Open Fiber signed a deal to stream programmes and offer the high-speed broadband services, a source familiar with the issue stated.

Thu, 29 Mar 2018 13:33:34 GMT

Ex-Microsoft manager becomes RCI's Executive Secretary

The former manager of Microsoft China Christina Feng was appointed as the Responsible Cobalt Initiative's first Executive Secretary to address environmental and social risks in a cobalt supply chain.

Thu, 29 Mar 2018 13:28:49 GMT

HP's COO Flaxman dies at 61

On Wednesday, HP announced its Chief Operating Officer Jonathan Flaxman had died at the age of 61, after serving at the company for over 36 years.

Thu, 29 Mar 2018 12:36:58 GMT

US initial jobless claims drop 14K last week

The number of applications for US unemployment benefits plunged to 229K in the week ending March 24, following the prior month's 229K reading, and missing analysts' estimates for a 230K rise.

Thu, 29 Mar 2018 12:32:32 GMT

Telegram goes down on Thursday in UK, Europe and Middle East

On Thursday, the messaging app Telegram suffered connection issues in Europe, Britain and Middle East due to a server power outrage, the company reported via its Twitter account.

Thu, 29 Mar 2018 11:23:15 GMT

BMW, Daimler to combine car-sharing and EVs charging units

On Wednesday, BMW and Daimler unveiled their plans to merge their electric vehicle charging and car-sharing businesses in an effort to outrace their rivals Uber and China's Didi Chuxing.

Thu, 29 Mar 2018 11:23:07 GMT

Nokia to phase out 353 job positions in Finland

On Thursday, Nokia announced it would cut 353 jobs in Finland during this year amid weak global market and the company's global cost-saving plan.

Thu, 29 Mar 2018 10:01:32 GMT

China will attack cryptocurrencies

The central bank of China is planning to start a crackdown program on virtual currencies during this year.

Thu, 29 Mar 2018 10:00:05 GMT

Volkswagen unveils new car concept

At the New York auto show Volkswagen on Wednesday revealed a new prototype concept pickup truck. The new Atlas Tanoak truck is designed for the US market.

Thu, 29 Mar 2018 09:39:19 GMT

VW to buy back diesel cars in case of German bans

Germany's automaker Volkswagen is planning to offer its new diesel car buyers to buy back their vehicles in case Germany imposes diesel bans, as the country seeks to reduce emission amount.

Thu, 29 Mar 2018 09:33:57 GMT

North and South Korea sets April 24 for summit

According to the South Korean officials' statement on Thursday, North and South Korea are set to hold the first summit in years on April 27, following Kim Jong Un's commitment to denuclearisation.

Thu, 29 Mar 2018 08:36:18 GMT

IOC President Bach to visit North Korea

On Thursday, the President of the International Olympic Committee Thomas Bach headed to North Korea, the Yonhap news outlet reported.

Thu, 29 Mar 2018 08:34:59 GMT

Macron still plans to travel to Russia in May

The French President Emmanuel Macron is still planning to visit Moscow in May, as he seeks to maintain "frank" negotiations with Russia, despite the accusations of the nerve agent attack on ex-spy in Britain.

Thu, 29 Mar 2018 07:34:04 GMT

New Zealand not to allow entry to Russian diplomats

New Zealand made a decision to ban entry to Russia's diplomats expelled by New Zealand's allies in retaliation to the Salisbury nerve agent attack on the ex-Russian spy in Britain.

Thu, 29 Mar 2018 07:29:39 GMT

Fujifilm to acquire two JXTG's biotech units for $800M

Fujifilm Holdings is planning to acquire two biotech units from Japanese firm JXTG for around $800M, as it seeks to bolster its healthcare business.

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