News

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Thu, 29 Mar 2018 06:35:55 GMT

Nissan unveils new Altima sedan on Wednesday

Japan's carmaker Nissan Motor launched its new Altima sedan on Wednesday along with demonstration of the car industry's problem to adjust new-model investments as fast to keep pace with consumer demand's shifts.

Thu, 29 Mar 2018 06:32:11 GMT

Chipmaker Nvidia claims Uber not using its drive technology

On Wednesday, the chipmaker's Nvidia CEO Jensen Huang stated that Ubed did not use its self-driving processing solution, adding that the ride-hailing firm developed its own drive technology.

Thu, 29 Mar 2018 04:29:35 GMT

Facebook to cease cooperation with data brokers

Facebook stated that it would cut partnerships with some large data brokers, which help advertisers to target people, following a scandal on how Facebook handled personal information.

Thu, 29 Mar 2018 04:25:21 GMT

UK car production falls last month

The UK car production decreased 4.4% in February amid the decline in domestic demand for the seventh month in succession, as sales in the car market continued to slump.

Thu, 29 Mar 2018 03:33:38 GMT

German FinMin aims to avoid diesel car ban

The German Finance Minister stated that the country must do all possible to avert bans on diesel cars, urging local communities and cities to increase investments in stations for charging electric vehicles.

Thu, 29 Mar 2018 03:30:02 GMT

China to target broad interest of US businesses in trade spat

The China Daily reported that China could target a range of the US businesses from aircraft to agriculture, semiconductors and autos, if its trade spat with the US escalates.

Thu, 29 Mar 2018 01:56:04 GMT

UK consumer sentiment improves but remains negative

Gfk NOP reported that its Consumer Confidence Index came in at -7 in March, following the preceding month's reading of -10.

Thu, 29 Mar 2018 01:53:24 GMT

Japanese retail sales grow less than expected last month

The METI reported on Thursday that retail sales grew 1.6% on an annual basis in February, after rising 1.5% in the prior month, while analysts anticipated an increase of 1.7%.

Wed, 28 Mar 2018 19:54:12 GMT

CME Group in negotiations to by NEX for $5.4B

CME Group, the US exchange operator, was in advanced negotiations to by British NEX Group for nearly $5.4B, aiming to create cross-border trading powerhouse.

Wed, 28 Mar 2018 19:54:02 GMT

BlackBerry reports stronger-than-anticipated profit

BlackBerry stated that the company's profit in the Q4 was stronger than analysts anticipated and announced expectations for stronger billings at services business and high-margin software.

Wed, 28 Mar 2018 19:11:43 GMT

US upbeat on quick NAFTA agreement, Canada more pessimistic

Robert Lightizer, the US Trade Representative, expressed optimism that negotiations to modify NAFTA would be wrapped up faster than expected, while Canada's top official was more pessimistic.

Wed, 28 Mar 2018 19:11:09 GMT

Amazon shares slide on Trump's aim to rein its power

Shares of Amazon.com fell 7.4%, wiping nearly $53.6B from the company's market value, after Axios stated that the US President is obsessed with the world's biggest retailer and aims to curb its growing power.

Wed, 28 Mar 2018 18:10:41 GMT

Russia to respond in kind to mass diplomat expulsions

On Wednesday, Russian authorities revealed that Moscow would respond in kind to West's mass expulsions of Russia's diplomats.

Wed, 28 Mar 2018 18:10:28 GMT

Peru's President to appoint opposition lawmaker as PM

According to sources familiar with the matter, the Peruvian President Martin Vizcarra is set to name an opposition lawmaker as the country's new PM.

Wed, 28 Mar 2018 17:03:26 GMT

VW uncovers prototype pickup truck

On Wednesday, Volkswagen uncovered a concept pickup truck at the NY auto show, filling a gap in the carmaker's US product line-up.

Wed, 28 Mar 2018 17:02:36 GMT

US crude oil supplies up 1.6M barrels last week

For the week ended 23 March, US crude oil inventories were up 1.6M barrels according to the data released by the Energy Information Administration.

Wed, 28 Mar 2018 16:09:15 GMT

US February pending home sales rise sharply

According to the data released by the National Association of Realtors, US pending home sales reversed their course in February, posting a 3.1% surge in the reported month.

Wed, 28 Mar 2018 16:08:56 GMT

American advance wholesale inventories up 1.1% in February

The US Census Bureau reported on Wednesday that advance February wholesale inventories were up 1.1% from January 2018.

Wed, 28 Mar 2018 15:12:49 GMT

US goods trade balance worsens in February

Data released by the US Bureau of Economic Analysis on Wednesday showed that the country's goods trade balance worsened in February, posting a deficit of $75.4B.

Wed, 28 Mar 2018 15:11:33 GMT

US final Q4 2017 GDP comes in at 2.9%

According to the US Bureau of Economic Analysis, the state's Q4 2017 final GDP expanded at a pace of 2.9%, surpassing analysts' expectations for a 2.7% growth rate.

Wed, 28 Mar 2018 14:34:42 GMT

Ousted Cambridge Analytica CEO to face UK parliamentary committee

Cambridge Analytica's suspended CEO Alexander Nix is set to appear before the British parliamentary committee on April 17 for questioning over the Facebook data scandal.

Wed, 28 Mar 2018 14:30:15 GMT

Poland agrees to buy US Patriot missile defence system

Poland agreed to sign a deal with United States to acquire Raytheon's Patriot missile defence system for $4.75B in the country's efforts to modernise the forces against Russia.

Wed, 28 Mar 2018 13:36:24 GMT

Facebook to launch new privacy changes amid data row

Facebook is set to introduce a series of new privacy controls for its users in a wake of the data scandal that had wiped off more than $100B in the company's market value.

Wed, 28 Mar 2018 13:30:47 GMT

Equifax appoints Warburg Pincus' head Begor as CEO

On Wednesday, Equifax appointed the Warburg Pincus executive Mark Begor as the credit monitoring firm's Chief Executive Officer to replace Richard Smith who had stepped down in September.

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