News

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Fri, 26 Jan 2018 08:54:28 GMT

Switzerland unlikely to sign new EU treaty

Swiss Finance Minister Ueli Maurer stated that it was politically impossible for Switzerland as a neutral country to sign a new EU treaty in the nearest future that would bind it closer to the bloc.

Fri, 26 Jan 2018 08:32:39 GMT

Republican US Senator backs Trump's immigration plan

The Republican Senator Tom Cotton on Thursday praised the President Donald Trump immigration plan, saying he looked forward to join the Congress to turn that plan into a legislation.

Fri, 26 Jan 2018 08:30:09 GMT

Barclays, Goldman, SocGen seek to buy Commerzbank's unit

Goldman Sachs, Barclays and Societe Generale are interested in acquiring the Equities, Markets and Commodities unit of Germany's Commerzbank, as the EMC division includes its ETF portfolio.

Fri, 26 Jan 2018 07:01:10 GMT

China urban jobless rate reaches record low in 2017

The Chinese urban-registered jobless rate dropped to a 15-year low of 3.9% in 2017, the country's Ministry of Human Resources and Social Security reported on Friday.

Fri, 26 Jan 2018 06:53:43 GMT

Japex reports $608M loss in shale gas project for Q4 2017

Japan Petroleum Exploration Co Ltd reported on Friday an impairment loss of $608M (C$750M) on its Canadian shale gas project during the fourth quarter of 2017.

Fri, 26 Jan 2018 06:18:08 GMT

Lyft investigates employees' misconduct

The US ride-hailing company Lyft said that it was probing into allegations of its employees misusing customer data.

Fri, 26 Jan 2018 06:17:13 GMT

Fujitsu to sell mobile phone unit to Polaris

On Friday, Fujitsu said it was in advanced talks to sell its mobile phone unit to the Japanese investment fund Polaris Capital Group.

Fri, 26 Jan 2018 05:29:09 GMT

South Korea: crisis over North Korea must be resolved diplomatically

The Foreign Minister of South Korea said that the North Korean crisis must be resolved solely diplomatically and no military option would be acceptable.

Fri, 26 Jan 2018 05:28:32 GMT

Dell weighs acquisitions or possible IPO

According to sources with knowledge on the matter, Dell is now considering a variety of options to boost the company's growth through possible acquisitions or IPO.

Fri, 26 Jan 2018 04:39:50 GMT

Walmart to start grocery delivery online service in Japan

Walmart has struck a cooperation with e-commerce business Rakuten to launch an online service of grocery delivery in Japan, in a bid to crack the market.

Fri, 26 Jan 2018 04:39:27 GMT

China industrial profits grow at strongest pace in six years

China's industrial profits posted a weak expansion pace in December, while the yearly growth rate marked the strongest increase in six years.

Fri, 26 Jan 2018 02:54:57 GMT

Japanese services producer prices increase 0.8% last month

On Friday, the Bank of Japan reported that its SPPI climbed 0.8% in December, in line with analysts' forecasts.

Fri, 26 Jan 2018 02:53:53 GMT

Japanese consumer prices rise in line with forecasts

Japan's Statistics Bureau reported on Friday that its National Core CPI rose 0.9% in January, following the preceding month's gain of 0.9%.

Thu, 25 Jan 2018 21:15:11 GMT

Viacom CEO and CBS CEO discuss potential merger

Sources close to the matter reported on Thursday that the Viacom CEO Bob Bakish and the CBS CEO Leslie Moonves discussed potential merger.

Thu, 25 Jan 2018 21:14:20 GMT

Trump says he wants US Dollar to be strong

The US President Donald Trump stated on Thursday that he wanted to see the strong US Dollar, opposing comments made by the Treasury Secretary Steven Mnuchin on Wednesday.

Thu, 25 Jan 2018 19:54:54 GMT

Former AmEx CEO Kenneth Chenault joins Airbnb's board

The Airbnb CEO Brian Chesky reported on Thursday that Kenneth Chenault, the former CEO of American Express, would join the company as the first independent board member.

Thu, 25 Jan 2018 19:54:11 GMT

Robinhood to launch zero-fee cryptocurrency trading

Robinhood, a zero-fee stock trading start-up, reported on Thursday that it was planning to launch commission-free cryptocurrency trading.

Thu, 25 Jan 2018 19:30:46 GMT

CB Leading Index for US surges 0.6% last month

The Conference Board reported that its Leading Index for the US economy rose 0.6% in December, following the prior month's 0.4% climb and surpassing analysts' expectations for a 0.5% increase.

Thu, 25 Jan 2018 19:25:08 GMT

US new home sales post biggest fall in 16 months

The Census Bureau reported on Thursday that new home sales dropped 9.3% to a seasonally adjusted annual rate of 625K in December, marking the largest fall in 16 months.

Thu, 25 Jan 2018 17:59:01 GMT

Catepillar reports better-than-expected profit

Catepillar's profit surpassed analysts' expectations for the seventh consecutive quarter, being boosted by buoyant global demand that resulted in a 35% jump in equipment sales.

Thu, 25 Jan 2018 17:57:38 GMT

May's office: Trump to visit UK in 2018

According to a statement released by the UK PM's office, after a meeting at the WEF in Davos Theresa May and Donald Trump negotiated on finalising the details of Trump's visit to the UK in 2018.

Thu, 25 Jan 2018 17:07:19 GMT

NBB business morale soars in January

Official data released by the National Bank of Belgium showed that the confidence among Belgian business leaders bettered over the month of January.

Thu, 25 Jan 2018 17:06:01 GMT

US jobless claims rise last week

The US Department of Labour reported that unemployment claims were up 17K, hitting the 233K mark in the week ended January 20.

Thu, 25 Jan 2018 15:59:19 GMT

Canadian core retail sales surge in November

According to the data released by Statistics Canada on Thursday, the country's core retail sales registered a 1.6% surge over the course of November.

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