News

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Thu, 16 Nov 2017 08:24:15 GMT

Britain to transfer over £400M to Iran

Britain is planning to transfer more than £400M to Iran amid its intention to release an imprisoned Iranian-British aid worker, according to The Telegraph newspaper.

Thu, 16 Nov 2017 07:32:34 GMT

France's jobless rate jumps to 9.7% in Q3

According to the INSEE data reported on Wednesday, French unemployment rate surged to 9.7% in the Q3, compared to the prior quarter's 9.5% rate.

Thu, 16 Nov 2017 07:30:16 GMT

Time, Meredith resume talks on acquisition

On Wednesday, Meredith and Time renewed their talks over Time's acquisition, supported by the billionaire Koch brothers, who had invested over $500M, according to the New York Times.

Thu, 16 Nov 2017 06:07:53 GMT

Philippines, China agree to prevent force in South China Sea issue

The Philippines and China agreed to exclude the use of force to resolve the differences on the South China Sea, the joint statement issued by China revealed.

Thu, 16 Nov 2017 06:07:08 GMT

Volkswagen to build, develop China electric vehicles for $11.8B

Volkswagen Group is set to spend nearly $11.8B by 2025 to manufacture and develop so-called NEVs, the new-energy vehicles, in China, the Chief of Group Jochem Heizmann said.

Thu, 16 Nov 2017 05:07:33 GMT

Rosengren: solid US growth calls for rate hike in December

Fed's Eric Rosengren stated that lower unemployment and lingering expansion indicate the US economic growth at sustainable level, so the Federal Reserve should proceed with raising rates.

Thu, 16 Nov 2017 05:06:58 GMT

China sets new regulation for policy banks to restrain risks

Chinese banking regulator introduced new rules for three policy banks within the country to support reining in risks due to wider tightening of controls on the financial sector.

Thu, 16 Nov 2017 04:20:48 GMT

Carlyle to raise $1B for energy fund

The world's biggest private equity firm Carlyle was raising $1B for its new fund to invest in gas and oil outside the US amid solid outlook for prices of oil, banking sources stated.

Thu, 16 Nov 2017 03:56:26 GMT

NAFTA unlikely to weaken US-Mexico security ties

Mexico's threats to hurt US migration and narcotics co-operation if NAFTA dies are unlikely, the US and Mexican officials said, while the next year's election might.

Thu, 16 Nov 2017 03:07:55 GMT

Australian unemployment rate falls to 5.4% in October

The Australian Bureau of Statistics stated that the country's unemployment rate decreased to 5.4% in October, the lowest level since February 2013.

Thu, 16 Nov 2017 03:07:10 GMT

Philippines economy grows 6.9% in third quarter

The Philippines gross domestic product increased at the fastest yearly pace of 6.9% in the Q3, driven by strong industrial production and services.

Wed, 15 Nov 2017 21:18:43 GMT

US embassy defends credibility of Liberia presidential poll

The US embassy in Liberia defended the last month's presidential election credibility in country, amid statements of fraud and irregularities that held back a run-off poll.

Wed, 15 Nov 2017 21:08:53 GMT

Senate calls off proposal to change tax overhaul plan

Startup executives and venture capitalists expressed relief after the US Senate had called off the measures from the tax overhaul plan on Wednesday. 

Wed, 15 Nov 2017 20:24:03 GMT

Lebanese PM to visit France with family

France reported on Wednesday that  Saad al-Hariri, the Lebanese Prime Minister, who was held in hostage by Saudi Arabia, would visit France in coming days.

Wed, 15 Nov 2017 20:12:25 GMT

US Attorney General to meet House intelligence panel

A Department of Justice spokesman reported on Wednesday that Jeff Sessions, the US Attorney General, have planned to meet the US House of Representatives' intelligence committee to give an interview on November 30.

Wed, 15 Nov 2017 19:36:24 GMT

Dutch PM to protect tax benefiting Unilever, Shell, UK investors

Mark Rutte, the Dutch Prime Minister, was in parliament for the second time to protect a cut of the tax, which benefited Anglo-Dutch firms Unilever, Shell, and British investors.

Wed, 15 Nov 2017 18:26:39 GMT

Paulson keeps stake in gold unchanged in Q3

The NY-based hedge fund Paulson & Co kept stake in investments in gold unaltered in the Q3, as concerns over North Korea's nuclear program lifted prices of gold to a 13-month high.

Wed, 15 Nov 2017 18:05:58 GMT

GM CEO pledged profitable electric cars by 2021

General Motors is set to launch new vehicles by 2021 with batteries at a 30% lower cost than the similar used on its current Chevrolet Bolt, CEO Mary Barra said.

Wed, 15 Nov 2017 18:04:22 GMT

EU lawmakers clarify law to restrict cheap imports from China

The European Parliament accepted legislation aimed to protect the bloc's industries from excessively cheap China's imports.

Wed, 15 Nov 2017 17:07:55 GMT

Venezuela to pay back $3.15B to Russia in ten years

Venezuela and Russia signed the debt restructuring agreement under which Caracas is obliged to pay Moscow back $3.15B over a ten-year period, the Finance Ministry of Russia said.

Wed, 15 Nov 2017 17:06:58 GMT

US consumer inflation eases in October

The Commerce Department showed that the US Consumer Price Index increased 0.1% in October, following the prior month's 0.5% gain and matching analysts' forecasts.

Wed, 15 Nov 2017 16:18:31 GMT

Loblaw to shut 22 stores by early next year

Loblaw, the Canadian pharmacy and grocery chain, announced that it would close 22 unprofitable stores to revamp the company's business facing challenges in a retail environment.

Wed, 15 Nov 2017 16:17:58 GMT

SoftBank to invest $25B in Saudi Arabia

Japanese SoftBank Group is expected to invest $25B in Saudi Arabia over the course of the next three or four years, according to the sources familiar with the matter.

Wed, 15 Nov 2017 15:35:20 GMT

US retail sales surge unexpectedly in October

The US retail sales surged 0.2% unexpectedly in October on a higher demand for motor vehicles, the Commerce Department reported on Wednesday.

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