News

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Wed, 17 Jan 2018 08:30:25 GMT

Russia urges for talks between Afghanistan and Taliban

On Wednesday, Russia called the Afghan government and the Taliban for urgent talks over the civil war, adding it could host negotiations, if needed.

Wed, 17 Jan 2018 08:27:00 GMT

Nations seeks sanctions on North Korea

On Tuesday, twenty nations agreed to consider imposing severe sanctions on North Korea amid its nuclear weapon programme, warning its refusal to negotiate could trigger military response.

Wed, 17 Jan 2018 07:33:46 GMT

Indonesia's President Widodo replaces social affairs minister

On Wednesday, the President of Indonesia Joko Widodo replaced the Cabinet's social affairs minister and picked a new head of staff in his five-year term's modest reshuffle.

Wed, 17 Jan 2018 07:30:15 GMT

Washington advances bill to resume NSA surbeillance programme

On Tuesday, the US Senate advanced a bill in order to resume the National Security Agency's Internet surveillance programme, as privacy advocates aim to derail the rule that appeared one vote short.

Wed, 17 Jan 2018 05:50:23 GMT

GM work together with DHL

The employees of General Motor's Chinese assembly factory are working together with DHL employees in a joint effort to improve the logistics of the production plant.

Wed, 17 Jan 2018 05:50:14 GMT

Analysts warn of oil price decrease

During early Wednesday trading Oil prices were decreasing, as analysts warned that, after a 13% gain during the last month, a price consolidation period should take place.

Wed, 17 Jan 2018 05:21:44 GMT

Microsoft tops Reuters list

Reuters on Wednesday released its Top 100 Global Technology Leaders list. This time Microsoft is on the top spot, followed by Intel and Cisco Systems.

Wed, 17 Jan 2018 05:20:55 GMT

Large US lenders benefit due to Fed

The US Federal Reserve began to increase interest rates a year ago. As it turns out today, the largest benefiters have been the biggest lenders in the US, because depositors have now stored $11.95 trillion.

Wed, 17 Jan 2018 04:31:56 GMT

Japan machinery orders surge 5.7% in November

Japan's machinery orders rose 5.7% to the strongest level in decades in November, indicating that companies got ready to spend massive cash piles to encourage economic growth.

Wed, 17 Jan 2018 04:28:02 GMT

Australian home loans grow 2.1% in November

The Australian Bureau of Statistics stated that the country's home loans increased 2.1% month-over-month in November, following a 0.6% decline in the prior month.

Tue, 16 Jan 2018 21:32:54 GMT

Railroad operator CSX reports 6% decline in quarterly revenue

The third-largest US railroad operator CSX Corp reported a 6% decline in fourth quarter revenue compared to the third quarter.

Tue, 16 Jan 2018 21:32:15 GMT

ECB to continue bond buying

The European Central Bank is likely to continue to buy bonds as policymakers need more time to assess the economic outlook.

Tue, 16 Jan 2018 20:38:23 GMT

US to give $60M in aid to Palestine

The United States plans to provide $60M in aid to Palestinians, but cut another $65M for now, a US official says.

Tue, 16 Jan 2018 20:37:30 GMT

Chinese car producer Chery to adopt Nvidia's self-driving tech

China's Chery Automobile Co plans to adopt Nvidia's self-driving technology that it has researched with Baidu and ZF Friedrichshafen AG.

Tue, 16 Jan 2018 19:24:06 GMT

World Bank: Russia should spend more on education, health care

Russia should spend more on education and health care after the presidential election in March, the World Bank's Chief Executive Officer Kristalina Georgieva says.

Tue, 16 Jan 2018 19:23:20 GMT

Trump wants more immigrants from all nations

The US President Donald Trump says he wants to attract more talented immigrants from countries all around the world.

Tue, 16 Jan 2018 18:05:17 GMT

China's Xi and Trump discuss North Korea

The US President Donald Trump and the Chinese President Xi Jinping on Monday discussed tensions between North Korea and South Korea, the White House says.

Tue, 16 Jan 2018 18:04:39 GMT

Neste sells US confectionery business

Swiss food group Nestle plans to sell its US candy business to Ferrero for $2.8B, the Chief Executive Officer Mark Schneider says.

Tue, 16 Jan 2018 17:35:02 GMT

Citigroup posts $18B losses on one-time items

Citigroup reported an $18B quarterly loss due to charges, caused by a new tax law in the US, but the bank's management signaled that it would set higher financial performance goals.

Tue, 16 Jan 2018 17:34:03 GMT

IBM, Maersk to launch trade platform based on blockchain

The largest container shipping company A.P. Moller-Maersk and IBM are set to create a blockchain-based trading platform to accelerate trade, save billions of the US dollars.

Tue, 16 Jan 2018 16:29:23 GMT

GM expects earnings to be flat in 201

General Motors shares grew on Tuesday, as the company announced expectations for earnings to be mostly flat this year, compared with 2017, and projected an increase in 2019.

Tue, 16 Jan 2018 16:28:28 GMT

GE to take $6.2B charge from insurance portfolio

General Electric is expected to take a $6.2B hit in its Q4 results for a decade-old insurance portfolio, which covers long-term healthcare costs.

Tue, 16 Jan 2018 15:34:33 GMT

Citigroup's profit tops forecasts

On Tuesday, Citigroup posted a quarterly profit, topping the Wall Street estimates as growth in the global consumer banking business, driven by Asia's solid gains.

Tue, 16 Jan 2018 15:28:52 GMT

Syria's opposition urges Trump, EU to pressure Russia, Iran

Syria's opposition called on the US President Donald Trump and the European Union to put more pressure on Iran's Bashar al-Assad and his Russian allies over talks to end Syrian civil war.

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