News

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Wed, 31 May 2017 02:13:29 GMT

China's manufacturing index keeps prior's month growth pace in May

China's manufacturing PMI maintained its growth pace at 51.2 in May, while analysts anticipated the economy to lose some momentum after strong Q1 data.

Wed, 31 May 2017 02:01:23 GMT

Japan's industrial production rallies near six-year peak in April

Japan's industrial output rose 4.0% in April, almost reaching its six-year high as economic growth continued to improve amid higher overseas demand.

Tue, 30 May 2017 20:00:53 GMT

Two regional Feds support discount rate increase

The Kansas City Fed and the Richmond Fed supported an increase of the Bank's discount rate ahead of its May meeting, the minutes released on Tuesday showed.

Tue, 30 May 2017 19:57:28 GMT

BlackRock CEO forecasts weak Q2 earnings figures

BlackRock's CEO Larry Fink reported on Tuesday that the company's Q2 earnings and growth might disappoint investors.

Tue, 30 May 2017 18:56:13 GMT

Next Fed rate hike depends on inflation growth

The Federal Reserve Governor Lael Brainard reported on Tuesday that a rate increase could happen very soon; however, the Bank might postpone it if inflation fails to show solid growth.

Tue, 30 May 2017 18:55:17 GMT

Cevian Capital buys 5.6% stake in Ericsson

On Tuesday, Cevian Capital, an international investment firm, bought a 5.6% stake in Ericsson, Sweden's mobile telecom equipment producer.

Tue, 30 May 2017 17:57:40 GMT

China to adopt law on cyber security from Thursday

China is set to implement from Thursday a new cyber security law that requires strict data storage and surveillance, aiming to diminish risks of cyber attacks.

Tue, 30 May 2017 17:54:19 GMT

Atlanta Fed expects GDP growth at 3.8% in Q2

The Atlanta Federal Reserve raised its forecast for the US economy to expand at a 3.8% annualised pace in the second quarter of 2017.

Tue, 30 May 2017 16:55:29 GMT

Germany's Gabriel expects ties with US to improve

Germany Foreign Minister Sigmar Gabriel admitted that the country's relations with the US faces some problems, but are likely to improve in the future.

Tue, 30 May 2017 16:52:55 GMT

British PM says wants to stay in partnership with EU

Britain's Prime Minister Theresa May said that she wants the UK to keep a special partnership with the EU and continue cooperation on security and defense issues.

Tue, 30 May 2017 16:05:11 GMT

Canada's current account deficit widens to $14.05B in Q1

Statistics Canada reported that the country's current account deficit expanded to $14.05B for the first quarter of 2017, due to higher imports of goods and services.

Tue, 30 May 2017 16:00:29 GMT

US consumer confidence declines more than expected in May

The Conference Board reported that the Consumer Confidence Index for the US dropped to 117.9 in May, diminishing expectations for the consumption-driven strong economic growth.

Tue, 30 May 2017 15:17:27 GMT

Russia, Saudi Arabia praise cooperation on oil, Syria

Russia's President Vladimir Putin and Saudi Prince Mohammed bin Salman praised their talks on Syria and growing cooperation in oil markets.

Tue, 30 May 2017 15:15:25 GMT

US personal spending increase in line with forecasts in April

The Commerce Department revealed that US personal spending rose 0.4% in April, following the prior month's upwardly revised figure of 0.3% and matching analysts' expectations.

Tue, 30 May 2017 14:29:29 GMT

Germany's Schulz condemns Trump for destroying Western values

The German SPD's leader Martin Schulz criticised the US President Donald Trump, saying that he was a destroyer of all the Western values and undermined international cooperation between nations based on tolerance and respect.

Tue, 30 May 2017 14:20:57 GMT

Brazil's lower house to resume pension reform debates soon

On Tuesday, Brazil's lower house speaker Rodrigo Maia stated that pension reform talks would restart in a few weeks after a political scandal halted the discussions that month.

Tue, 30 May 2017 13:34:42 GMT

Merkel urges to speed up progress on EU-India free-trade deal

The German Chancellor Angela Markel stated on Tuesday, she would call to speed up a progress on a free-trade contract between the European Union and India amid growing "protectionism" worldwide.

Tue, 30 May 2017 13:26:41 GMT

French work positions vacant despite high joblessness

France's companies struggle by unfilled job positions and lack of qualified employees despite a high level of unemployment in the country as statistics counts at least 3.5M of the registered job applicants.

Tue, 30 May 2017 12:34:39 GMT

Italian PM backs Merkel's statement on EU to act on its own initiative

On Tuesday, the Prime Minister of Italy Paolo Gentiloni stated he agreed with the German Chancellor Angela Merkel on the idea that the European Union should act on its own initiative.

Tue, 30 May 2017 12:30:05 GMT

Trudeau calls Pope to visit Canada for apology to indigenous people

The Prime Minister Justin Trudeau invited Pope Francis to Canada for the Church apology to the indigenous people for the Catholic Church treatment of aboriginal children.

Tue, 30 May 2017 11:02:28 GMT

Vietnamese tech start-up VNG files for US IPO

On Tuesday, the Vietnam online gaming firm VNG announced it signed a preliminary contract with the US Nasdaq Stock Market to explore an IPO.

Tue, 30 May 2017 11:02:11 GMT

Philippines calls Islamist militants to surrender

On Tuesday, the Philippine army urged the Islamist rebels to surrender as the country's military was close to recover the occupied southern city of Marawi on the eighth day of the battle.

Tue, 30 May 2017 10:22:08 GMT

Seven Russian companies to list shares on Moscow Stock Exchange

The CEO of the Moscow Stock Exchange said on Monday that seven large Russian companies plan to list their shares on the Exchange, demonstrating preference of domestic listings.

Tue, 30 May 2017 10:11:52 GMT

London Stock Exchange to buy The Yield Book

The London Stock Exchange plans to purchase The Yield Book, Citigroup's analytics and indexing business, for $685M, both companies announced on Tuesday.

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