News

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Thu, 01 Feb 2018 03:08:10 GMT

Australian new building approvals drop 20.0% in December

The ABR reported that new building approvals fell 20.0% in December, after climbing 12.6% in the preceding month, whereas analysts anticipated a drop of 7.9%.

Wed, 31 Jan 2018 20:58:58 GMT

Putin says Russia's GDP grew 1.4% in 2017

The Russian President Vladimir Putin said on Wednesday that the country's economy expanded by 1.4% in 2017, while the preliminary estimate by the Ministry of Economy was 1.4%-1.8%.

Wed, 31 Jan 2018 20:57:18 GMT

Boeing drives shares up after raising profit forecast for 2018

Shares of the US-based Boeing Co surged by almost 5% on Wednesday after the company revised its profit forecast from $13.80 to $14.00 per share in 2018.

Wed, 31 Jan 2018 20:08:14 GMT

India to unveil 2018/2019 budget on Thursday

The Indian government is set to disclose its budget for 2018/2019 on Thursday, thus setting either limited fiscal deficit or increased spending as its economic priority.

Wed, 31 Jan 2018 20:06:34 GMT

Fed leaves rates unchanged, inflation expected to stabilise near target

The US Federal Reserve kept interest rates steady on Wednesday; inflation is expected to stabilise near the 2% target this year, thus pointing to a possible rate hike in March.

Wed, 31 Jan 2018 19:25:49 GMT

EU car sales to slow in 2018 due to Brexit risk

Growth of car sales in the European Union is anticipated to weaken to 1% over the course of 2018, as Brexit and stricter regulations on car emissions would threaten the industry.

Wed, 31 Jan 2018 19:24:54 GMT

Boeing still negotiates with Embraer over strategic deal

Boeing was still in negotiations with Embraer over the deal, where products of Brazilian planemaker could provide a boost to the long-term strategy of Boeing.

Wed, 31 Jan 2018 17:51:22 GMT

Job.com to raise up to $50M for blockchain-based platform

Online employment firm Job.com announced plans to raise up to $50M in a token sale to fund the company's new platform based on blockchain.

Wed, 31 Jan 2018 17:50:55 GMT

China's Li sees ties with UK unchanged throughout Brexit

China's Premier Li Keqiang stated that the country's relations with Britain are likely to remain unchanged over the course of Brexit.

Wed, 31 Jan 2018 17:03:22 GMT

US pending home sales up 0.5% in December 2017

According to the data released by the US National Association of Realtors, pending home sales ticked up 0.5% in December, in line with expectations.

Wed, 31 Jan 2018 17:01:34 GMT

Chicago business barometer drops to 65.7 in January

The MNI Chicago Business Barometer dipped 2.1 points to 65.7 over the course of January, topping analysts' expectations for a 64.2-point reading.

Wed, 31 Jan 2018 16:12:53 GMT

Canadian November 2017 GDP in line with projections

According to the data released by Statistics Canada, the country's real gross domestic product rose 0.4% over the course of November 2017, with growth being reported in 17 out of 20 industrial sectors.

Wed, 31 Jan 2018 16:11:29 GMT

ADP non-farm payrolls for January beat estimates

ADP reported on Wednesday that the US private sector employment was up by 234K in January, topping economists' expectations for a 185K increase.

Wed, 31 Jan 2018 15:33:19 GMT

Spotify seeks to rival Pandora, tests new app

According to TechCrunch, Spotify is testing its new app "Stations by Spotify" as the music streaming service seeks to rival Pandora Media's streaming platforms.

Wed, 31 Jan 2018 15:16:46 GMT

M&S to shut down 14 more stores in UK

Marks & Spencer is set to close 14 more UK stores as it is speeding up a programme to transform the store estate as the majority of its sales are moving online.

Wed, 31 Jan 2018 14:33:03 GMT

Daimler's employee stood off over links to emission tests

German automaker Daimler suspended one of its employees and launched an external probe into a research group that had funded experiments involving monkeys exposed to toxic diesel fumes.

Wed, 31 Jan 2018 14:16:09 GMT

Boeing seeks to increase jetliner output 6.8% in 2018

Boeing is planning to deliver up to 815 commercial aircraft this year, which is 6.8% more than 763 jetliners it has delivered in 2017.

Wed, 31 Jan 2018 13:21:24 GMT

Airbus A321LR launches maiden flight on Wednesday

A long-range version of the Airbus jet A321LR has launched its first flight in the German city of Hamburg on Wednesday and is deemed to be capable of transporting up to 240 passengers.

Wed, 31 Jan 2018 13:19:57 GMT

China's leader urges to develop modern economy

China's President Xi Jinping called on Wednesday for the modern economy expansion with a focus to develop the real economy, Xinhua News Agency stated.

Wed, 31 Jan 2018 11:59:01 GMT

Putin, Erdogan satisfied with Syria's peace congress in Sochi

The Russian and Turkish Presidents Vladimir Putin and Tayyip Erdogan agreed on Wednesday that they were satisfied with the Sochi congress results on reaching peace in Syria.

Wed, 31 Jan 2018 11:56:59 GMT

Bosch examined on fraud suspicion in Chrysler emission probe

On Wednesday, Stuttgart's prosecution office probed two Robert Bosch's employees on a fraud suspicion in a recently launched investigation into Chrysler's diesel emissions in the US.

Wed, 31 Jan 2018 10:58:34 GMT

Oil continues to drop

On Wednesday oil prices continued to decline. However, the commodity price was set to book its biggest growth in January since 2013.

Wed, 31 Jan 2018 10:57:36 GMT

German retail sales growth is expected to slow down

German retail association HDE on Wednesday announced that this year's German retail sales are forecast to increase by 2%. That is a slowdown, compared to last year's 4.1%.

Wed, 31 Jan 2018 10:32:26 GMT

Japanese Sharp reports fifth consecutive Q4 profit

The Apple supplier Sharp posted its fifth straight Q4 net profit of 20.6B yen, slightly beating the estimates for a 19.14B yen reading, driven by sales gains of its televisions.

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