News

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Thu, 20 Apr 2017 13:32:29 GMT

Initial jobless claims rise 10K last week

The number of applications for US unemployment benefits rose 10K to 244K in the week ending April 15, the US Department of Labour reported.

Thu, 20 Apr 2017 13:30:19 GMT

Philly Fed Manufacturing Index falls for second straight month

The Philadelphia Federal Reserve reported on Thursday its Manufacturing Index dropped to 22.0 points in April, following March's 32.8 and falling behind analysts' expectations for a decrease to 25.6.

Thu, 20 Apr 2017 12:34:27 GMT

Verizon reports 20% drop in Q1 profit

On Thursday, Verizon Communications missed expectations for quarterly profit presenting a 20% decline, stating its shares also dropped 2.3% to $47.80 in premarket trading.

Thu, 20 Apr 2017 11:52:26 GMT

US Secret Service bars White House sidewalk public access

The US Secret Service barred the access to the White House's south fence sidewalk starting from Wednesday night amid security measures to prevent possible illegal access by individuals.

Thu, 20 Apr 2017 11:34:13 GMT

User sues Bose over spying through headphones

A Bose headphones' user Kyle Zak filed a lawsuit against the corporation over spying on listeners using its headphones and a free mobile application in cooperation with Apple and Google.

Thu, 20 Apr 2017 11:07:14 GMT

Russia identifies St. Petersburg terror mastermind

The Russian Federal Intelligence Agency reported on Thursday that it had established the identity of a person who organised the terrorist attack at St. Petersburg's metro station that left 14 people dead.

Thu, 20 Apr 2017 10:24:26 GMT

Oil producers expected to prolong production cut deal

On Thursday, Khalid al-Falih, the Saudi Energy Minister, said that most oil producers agree that black gold production cuts should be extended until the end of the year, with OPEC planning to extended the terms of the deal with non-OPEC producers as well.

Thu, 20 Apr 2017 10:24:05 GMT

China and Iran to reconfigure Arak nuclear plant

On Thursday, the Foreign Ministry of China stated that China and Iran are scheduled to sign their first commercial contracts this weekend to reconfigure the Arak power plant, located in Iran, in order to avoid yielding elements used in nuclear bomb elements.

Thu, 20 Apr 2017 09:33:15 GMT

May to end EU people free movement into UK

The British Prime Minister Theresa May is eager to formally pledge the end of the EU citizens free movement into the UK ahead of the early election on June 8.

Thu, 20 Apr 2017 09:25:48 GMT

Russian naval forces visit Philippines

On Thursday, the Russian missile cruiser Varyag and large sea-tanker Pechenga arrived to Manila, starting a four-day goodwill visit to the Philippines as the President Rodrigo Duterte is enhancing the Philippine ties with Russia.

Thu, 20 Apr 2017 08:32:10 GMT

Brussels resumes inquiry over Congolese passport deal

On Thursday, the Brussels prosecution office stated it resumed an investigation over the Belgian firm Semlex biometric passport supply to the Democratic Republic of Congo, declining to provide any further details.

Thu, 20 Apr 2017 08:03:42 GMT

Chinese Bitauto gets $1B from web giants Baidu, JD.com

The car portal Bitauto Holdings received $1B from the Internet giants Tencent, Baidu and JD.com as the company attempts to become the largest online vehicle financing platform in China.

Thu, 20 Apr 2017 07:09:22 GMT

LeEco to sell $420M real estate in Beijing

China's tech giant LeEco weights selling the $420M real estate in the centre of Beijing it acquired last year as an attempt to raise funds on the back of its hard financial crisis.

Thu, 20 Apr 2017 07:03:11 GMT

Brexit to affect Britain more than EU

On Thursday, the EU Foreign Policy Chief Federica Mogherini said that Britain would not benefit from leaving the EU, making an assumption that it would lose much more than the bloc.

Thu, 20 Apr 2017 06:28:25 GMT

Venezuela illegally seizes GM car plant

On Wednesday, General Motors stated that the Venezuelan government seized its auto plant, confiscating vehicles and other assets; an action that GM considered completely illegal that could do irreparable damage to the company.

Thu, 20 Apr 2017 04:36:10 GMT

Capital outflows from China fall in Q1

On Thursday, the Chinese foreign exchange regulator stated that with new capital controls the country's capital outflows weakened in the first quarter of the year, while also helping to stabilise the Yuan.

Thu, 20 Apr 2017 04:35:45 GMT

China issues new rule to battle corruption

In an attempt to lessen corruption China tightened regulations for officials, making them obliged to report their personal information, as well as their assets, to the Communist Party.

Thu, 20 Apr 2017 03:01:34 GMT

Amazon to supply retail storefront service in Australia

Amazon.com said on Thursday that it plans to provide retail storefront service in Australia, which is set to bring thousands of new jobs and millions of dollars in investment.

Thu, 20 Apr 2017 02:55:19 GMT

NZ inflation accelerates strongly in Q1

New Zealand's inflation rose surprisingly to a five-year high of 2.2% in Q1, mainly driven by higher food and oil prices and a tax rise on tobacco and alcohol.

Thu, 20 Apr 2017 02:26:23 GMT

Japan's exports grow 12% in March

Japan's exports rose 12% in March, the fastest increase in nearly two years, due to expansion in shipment of steel and car parts, which is set to boost the country's slow economic growth.

Thu, 20 Apr 2017 02:14:33 GMT

Refugees crossing into Canada rise with warmer weather

The Government data showed that 887 asylum seekers were caught as they were illegally crossing into Canada from the US in March, nearly triple the amount in January.

Wed, 19 Apr 2017 20:09:52 GMT

FED to shed bond holdings to keep interest rate hike

According to Boston Fed President Rosengren, the US Fed should gradually shed its bond holdings as soon as possible to keep the planned interest rate hikes. 

Wed, 19 Apr 2017 20:08:11 GMT

US money market fund assets drop this week

According to iMoneyNet, the US taxable money market fund assets inched $9.59B lower to $2.476T this week, while tax-free money market assets dipped $1.19B to $129.15B.

Wed, 19 Apr 2017 19:10:15 GMT

Amazon presents voice-powered technology

Amazon.com Inc presented a technology powering Alexa, analogue to Apple's Siri, a voice assistant that would allow people to control software using only their voice. 

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