News

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Thu, 22 Mar 2018 13:59:00 GMT

US initial jobless claims rise 3K last week

The number of applications for US unemployment benefits increased slightly to 229K in the week ending March 17, following the prior month's 226K reading, and missing analysts' estimates for a 225K drop.

Thu, 22 Mar 2018 13:34:49 GMT

Head of British agency in charge of RBS stake sale to resign

According to a source familiar with the issue, the head of the British agency managing the Royal Bank of Scotland's stake sell is willing to step down from his position soon.

Thu, 22 Mar 2018 13:33:09 GMT

Meredith to phase out 1.2K jobs, sell Time publications

The US media firm Meredith announced on Wednesday it would cut 1K more job positions, after it had already phased out 200 jobs, adding it would also sell Time, Fortune and Sport Illustrated magazines.

Thu, 22 Mar 2018 12:10:41 GMT

Vivendi sells stake in Ubisoft to investors, ending takeover battle

The French media company Vivendi is eager to sell its Ubisoft stake for $2.45B to China's tech giant Tencent and other investors, ending a takeover battle for the video games maker.

Thu, 22 Mar 2018 11:44:50 GMT

Novo Nordisk seeks picking ex-oil head Lund as chairman

The diabetes drugmaker Novo Nordisk is planning to appoint the former oil head Helge Lund as the company's new chairman, as it seeks to energise new mergers and acquisitions.

Thu, 22 Mar 2018 11:11:58 GMT

UK retail sales surge

The retail sales grew by 0.8% in the UK in February. The main cause of the surge were increased online and supermarket sales.

Thu, 22 Mar 2018 11:11:15 GMT

Chairman of EU Finance Ministers lays out his vision

Mario Centeno the Chairman of the EU Finance Ministers on Thursday announced that in the future the EU needs to combine pragmatism with ambition.

Thu, 22 Mar 2018 10:32:29 GMT

Turkey's Dogan, Demiroren in talks over media arm acquisition

Turkey's Dogan Holding launched acquisition talks with Demiroren Holding over its $890M media arm Hurriyet Gazetecilik's sale, sending Dogan's and newspaper unit's shares up on Thursday.

Thu, 22 Mar 2018 10:17:00 GMT

Slovak President names Pellegrini as new PM

On Thursday, Slovakia's President Andrej Kiska has ruled to appoint Peter Pellegrini as a new Prime Minister, following the country's political crisis over journalist murder and Robert Fico's resignation.

Thu, 22 Mar 2018 09:05:44 GMT

United Internet shares fall 9% on core earnings results

Shares in United Internet were down 9% on Thursday, after the German company had posted its 2017 core earnings results, which missed the estimates.

Thu, 22 Mar 2018 08:59:42 GMT

Maldives withdraws 45-day state of emergency

On Thursday, the President of Maldives Abdulla Yameen has lifted state of emergency in the country after 45 days since proclamation, following the political upheaval that triggered protests in the region.

Thu, 22 Mar 2018 07:58:11 GMT

Tencent's shares drop after missing revenue forecasts

Shares in Tencent Holdings plunged 3.29% by Thursday's noon, following its revenue report that missed quarterly forecasts and the company's warning its planned investments could hurt margins.

Thu, 22 Mar 2018 07:53:21 GMT

Trump to announce tariffs on China imports on Thursday

The US President Donald Trump is set to announce tariffs on China's imports, aimed at halting the US technology theft, on Thursday that is likely to cause retaliation from Beijing.

Thu, 22 Mar 2018 07:33:56 GMT

Jaguar Land Rover to use BlackBerry's software for EVs

BlackBerry stated on Tuesday it had agreed on a licencing deal with Jaguar Land Rover to provide the luxury car brand with security software and infotainment for its next generation electric cars.

Thu, 22 Mar 2018 07:28:00 GMT

China Mobile posts 5% rise in 2017 net profit

On Thursday, the world's largest mobile phone giant China Mobile reported a 5% growth in its annual net profit, boosted by a surge in 4G subscribers.

Thu, 22 Mar 2018 04:33:59 GMT

Best Buy ceases relationship with Huawei

Best Buy, the largest consumer electronics retailer in the US, would stop purchasing smartphones from China's Huawei, according to sources familiar with the matter.

Thu, 22 Mar 2018 04:32:52 GMT

DJI seeks $500M in ahead IPO funding

China's DJI, the biggest drone maker for consumers, was in negotiations with investors for nearly $500M in pre-IPO funding.

Thu, 22 Mar 2018 03:05:23 GMT

Japanese manufacturing growth slows in March

Markit reported that its preliminary PMI for the Japanese manufacturing sector dropped to 53.2 in March from the prior month's 54.1, whereas analysts anticipated an increase to 54.3.

Thu, 22 Mar 2018 03:04:14 GMT

Australian unemployment rate grows unexpectedly in February

The ABR reported on Thursday that the unemployment rate rose to 5.6% last month, whereas analysts expected it to remain unchanged at 5.5%.

Wed, 21 Mar 2018 20:52:11 GMT

US stocks weaken on Wednesday, energy leads market

US stocks closed the session lower on Wednesday following the Fed's rate hike, while energy stocks were leading the market.

Wed, 21 Mar 2018 20:51:54 GMT

Trump supports $1.3T spending bill

The US President Donald Trump expressed on Wednesday his support for a $1.3T spending bill that includes additional funds for infrastructure, border security and the Pentagon.

Wed, 21 Mar 2018 20:08:43 GMT

Argentina's GDP grows by 2.9% in 2017

The Argentinian economy grew by 2.9% in 2017 and 3.9% during the fourth quarter of the given year, the National Institute of Statistics and Censuses reported on Wednesday.

Wed, 21 Mar 2018 20:00:37 GMT

US business borrowing for capital goods jumps 31% in February

The US business borrowing for equipment surged 31% year-on-year in February to $7.7B, as companies expect increased demand after tax cuts, ELFA reported on Wednesday.

Wed, 21 Mar 2018 18:59:48 GMT

Fed hikes bechmark rate on Wednesday

The Federal Reserve raised its benchmark rate to 1.75% on Wednesday, saying that government spending and tax cuts would boost the US economy.

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