News

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Thu, 04 Jul 2019 02:37:17 GMT

Australian government to pass $110B tax cut plan

The Australian conservative government was set to secure the required support to pass $110B worth tax cuts in the next decade in a fillip to the economy, which is threatening to stall.

Wed, 03 Jul 2019 20:17:23 GMT

Canada to continue meat exports to China

The Agriculture Minister of Canada Marie-Claude Bibeau presented on Wednesday a plan designed to convince Chinese colleagues on the security of its meat export system.

Wed, 03 Jul 2019 19:39:00 GMT

Oil prices climb ahead of US Independence Day

Crude oil prices renewed the surge on Wednesday in anticipation of the US Independence Day, reaching $57.30 a barrel.

Wed, 03 Jul 2019 18:27:15 GMT

US, China to continue trade talks next week

Larry Kudlow, Donald Trump's Economic Adviser, stated on Wednesday that trade talks between two biggest economies, the US and China, would continue next week.

Wed, 03 Jul 2019 16:28:57 GMT

US factory orders decline for second month

New orders for the US-made goods decreased 0.7% for a second month in succession in May, affected by weakening demand for transportation equipment, the Commerce Department stated.

Wed, 03 Jul 2019 15:27:39 GMT

US trade deficit up 8.4%

The US trade deficit grew 8.4% to $55.5B, the the highest level in five months, in May, as goods' imports increased, likely as businesses restocked before higher tariffs on China's merchandise, eclipsing a broad increase in exports.

Wed, 03 Jul 2019 13:58:01 GMT

Deutsche Bank's reorganisation to cost about $5.6B

Deutsche Bank is expecting its major restructuring to cost about $5.6B, following the CEO Christian Sewing pledge of "tough cutbacks" to the company's shareholders after the lender failed to agree on the merger with its rival Commerzbank.

Wed, 03 Jul 2019 13:38:09 GMT

Deutsche Telekom to roll out 5G services in Germany

On Wednesday, Deutsche Telekom announced a limited launch of its 5G services in Germany, targeting the city's early adopters with high-speed mobile technology.

Wed, 03 Jul 2019 11:50:25 GMT

Walmart considers selling its Bonobos and Modcloth brands

Walmart has been in discussions with buyers over a potential sale of Bonobos and Modcloth, the company's unprofitable clothing brands, the online news agency Vox stated on Wednesday.

Wed, 03 Jul 2019 11:37:42 GMT

UK regulator aims at crypto derivatives retail ban

Britain's markets regulator is seeking to propose a ban on the crypto derivatives sale to retail customers aid potential the market abuses prevalence, it announced on Wednesday.

Wed, 03 Jul 2019 10:36:29 GMT

Police carry out search at Renault's HQ

Police have launched search at Renault's headquarters located in Boulogne-Billancourt, the carmaker announced on Wednesday, due to the ongoing inquiry into the former Renault boss Carlos Ghosn.

Wed, 03 Jul 2019 09:29:05 GMT

France's Lagarde becomes new ECB head

On Tuesday, the EU leaders agreed to appoint Christine Lagarde as the new ECB head, signing deal on filling the bloc's other key four jobs after a marathon summit, which triggered deep divisions.

Wed, 03 Jul 2019 08:34:59 GMT

Tesla sets record for quarterly car deliveries

Tesla has delivered a record number of 95,200 vehicles in the quarter, responding to a question about the demand for the carmaker's luxury electric cars and sending its shares up 7% on Tuesday.

Wed, 03 Jul 2019 07:26:32 GMT

Samsung Electronics's Q2 profit likely halved amid Huawei ban

Samsung Electronics's Q2 profit likely to be reduced by half after reporting preliminary earnings last Friday, as a plunge in the memory chip shipments to Huawei aggravated the price-squeezing supply glut.

Wed, 03 Jul 2019 06:12:50 GMT

Washington urges to treat Huawei as blacklisted

The US government's senior official stated on Wednesday that China's Huawei should be treated as a blacklisted company, a couple of days after the US President Donald Trump had sowed confusion with his pledge to ease the ban on sales.

Wed, 03 Jul 2019 05:01:20 GMT

Oil prices remain stable on Wednesday

Crude oil prices remained stable on Wednesday after OPEC and other producers agreed on Tuesday to extend oil supply cuts until March 2020.

Wed, 03 Jul 2019 04:04:07 GMT

Asian shares decline on Wednesday

Asian shares declined on Wednesday, as investors and traders are worried over Washington's threat to impose additional tariffs on the European goods.

Tue, 02 Jul 2019 20:00:46 GMT

EU open to talks with US in dispute over aircraft subsidies

On Tuesday, the European Union said that it was prepared to negotiate with the United States over a dispute in aircraft subsidies.

Tue, 02 Jul 2019 19:01:21 GMT

German authorities fine Facebook $2.3M

Germany's authorities have penalised Facebook of $2.3 million for under-reporting the number of complaints of illegal content, they have received on their social media platform.

Tue, 02 Jul 2019 18:02:45 GMT

Arizona to withdraw incentives for Nike plant

On Tuesday, the Governor of Arizona Doug Ducey said that the state would pull incentives for Nike plant in Arizona over sneaker recall.

Tue, 02 Jul 2019 16:59:31 GMT

Navarro says trade deal with China will take time

Peter Navarro, the top White House trade adviser, said on Tuesday that the United States trade negotiations with China would take time.

Tue, 02 Jul 2019 16:03:57 GMT

New York City business outlook falls to 10-year low

According to the Institute for Supply Management-New York report, the six-month business sentiment among NYC's purchasing managers fell to 51.0 in June, the lowest level in ten years.

Tue, 02 Jul 2019 15:10:49 GMT

Carney says no-deal Brexit and trade war are risks

Mark Carney, the Governor of the Bank of England, said on Tuesday that a no-deal Brexit and a global trade war were increasing possibilities, but not certainties.

Tue, 02 Jul 2019 14:25:06 GMT

AB InBev wants to attract $9.8B in Asia stake listing

Anheuser-Busch InBev, the world's largest brewer, is planning to attract about $9.8B by listing the Asia-Pacific business located in Hong Kong in the world's largest 2019 IPO.

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