News

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Tue, 24 Oct 2017 16:56:42 GMT

Flash US Services PMI hits 55.9-point mark

Markit said on Tuesday its preliminary PMI for the United States' services sector jumped to 55.9 in October, an improvement from the 55.3-point reading registered in September.

Tue, 24 Oct 2017 15:56:32 GMT

US prelim Manufacturing PMI improves in October

Preliminary data published by Markit on Tuesday revealed that the US Manufacturing Purchasing Managers' Index managed to reach the 54.5-point mark in October.

Tue, 24 Oct 2017 15:56:10 GMT

CB Leading Index for China up 1.0% in September

Data released by the Conference Board showed that the Leading Economic Index for China increased 1.0% over the course of September.

Tue, 24 Oct 2017 15:15:38 GMT

Belgian business confidence improves in October

According to the data released by the NBB on Tuesday, the Belgian business confidence saw an improvement in the month of October.

Tue, 24 Oct 2017 15:14:54 GMT

Euro area flash Manufacturing PMI hits 58.6 in October

Markit reported its preliminary PMI for the Euro zone's manufacturing sector hit the 58.6 mark in October, jumping from the downwardly-revised 58.1-point reading registered in the prior month.

Tue, 24 Oct 2017 14:05:22 GMT

Saudi Arabia to build zone connected with Egypt, Jordan

On Tuesday, Saudi Arabia announced a $500B plan to develop an industrial and business zone, designed to link Egypt and Jordan, in an effort that could free the country from dependency on oil exports.

Tue, 24 Oct 2017 13:51:31 GMT

VW's SEAT to move Catalan HQ as legal security in doubt

The carmaker Volkswagen's Catalonia-based unit SEAT is thinking over moving its headquarters, in case there is no longer legal certainty in the region.

Tue, 24 Oct 2017 13:19:48 GMT

Catalonia to appeal Article 155 trigger

Catalonia is planning to appeal the Spanish government's decision to trigger the Article 155 to the country's Constitutional Court, a Catalan spokesman Jordi Turull stated on Tuesday.

Tue, 24 Oct 2017 13:18:44 GMT

McDonald's posts jump in quarterly US comparable sales

On Tuesday, McDonald's reported that its quarterly US comparable sales bet estimates by rising 4.1% on the back of the increasing number of customers due to restaurant's better offers and promotions.

Tue, 24 Oct 2017 12:18:29 GMT

UK financial watchdog opens inquiry into Equifax hacking

British financial watchdog launched an investigation into hacking of the US credit reporting agency Equifax, after the incident affected about 700K UK citizens.

Tue, 24 Oct 2017 12:17:09 GMT

Schaeuble becomes German Parliament's head

On Tuesday, Germany's ex-Finance Minister Wolfgang Schaeuble became the President of the country's lower house of the Parliament called the Bundestag.

Tue, 24 Oct 2017 11:14:34 GMT

EU approves $2.2B French aid to La Banque Postale

On Tuesday, the European Union state aid regulators approved the $2.2B French support to help La Banque Postale provide poor people with the basic banking services.

Tue, 24 Oct 2017 11:12:44 GMT

Tillerson calls Kurds, Iraq to resolve conflict by dialogue

The US State Secretary Rex Tillerson called the Kurdistan region and the Iraqi government on Monday to resolve Kurdish self-determination conflict through a dialogue.

Tue, 24 Oct 2017 09:52:09 GMT

AMS shares surge 18% amid solid earnings

The share price of Apple's supplier AMS soared 18% after reporting solid earnings on Tuesday, as the company is expecting a positive outlook for the fourth quarter of 2017.

Tue, 24 Oct 2017 09:48:22 GMT

European bond yields strengthen on Tuesday

European bond yields edged higher on Tuesday, as solid data from the Eurozone's largest economies hinted that the ECB might loosen its monetary stimulus soon.

Tue, 24 Oct 2017 09:12:48 GMT

EU must expect any Brexit outcome for UK banks

According to the German senior financial regulator, the European Union must be prepared for any outcome, if the British banks face the Brexit cliff edge in 2019.

Tue, 24 Oct 2017 09:12:03 GMT

Qatar ready to back output cut extension if necessary

Qatar's Energy Minister Mohammed al-Sada stated on Tuesday that his country was ready to support the global oil output cuts' extension, if necessary.

Tue, 24 Oct 2017 08:10:57 GMT

Russia's Novak, Saudi's Falih to talk on global oil deal

Russia's Energy Minister Alexander Novak is planning to discuss extension of the agreement on global oil output cut with the Saudi counterpart Khalid al-Falih in Riyadh as early as in November.

Tue, 24 Oct 2017 07:58:34 GMT

Catalan crisis impossible to solve by elections alone

On Tuesday, the Justice Minister of Spain Rafael Catala stated that simply calling regional elections would not be enough to solve Catalonia's crisis.

Tue, 24 Oct 2017 07:32:33 GMT

Airbnb China director Hong Ge resigns

The head of Airbnb China Hong Ge stepped down from his position, the company stated on Tuesday, adding it was willing to name a new successor soon.

Tue, 24 Oct 2017 07:25:09 GMT

Canon lifts annual profit estimates on OLED's growing demand

On Tuesday, Canon is expecting its annual operating profit will rise 52.9% to $3.08B amid the expanding demand for the OLED screen production equipment.

Tue, 24 Oct 2017 06:28:38 GMT

Microsoft to dismiss claim after US changes data request rules

Microsoft is willing to drop its lawsuit against the US government after the DOJ revised the data request rules on notifying Internet users about the agencies that access their information.

Tue, 24 Oct 2017 06:20:52 GMT

Polish PM sees changes in government in few weeks

The Polish Prime Minister Beata Szydlo stated on Tuesday that she expected some changes in the government's personnel within the weeks, as she had taken those decisions.

Tue, 24 Oct 2017 05:00:36 GMT

Inspectors check Kobe Steel aluminium plant

According to the Transport Minister Keiichi Ishii, Japanese authorities are checking safety of components being used for a locally built passenger planes.

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