News

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Thu, 02 May 2019 03:54:22 GMT

Starbucks recalls 263K coffee presses

Starbucks recalled about 263K of the company's coffee presses, which were made in cooperation with Bodum, after the coffee chain got reports of breaking and causing deep cuts, the US CPSC stated.

Thu, 02 May 2019 03:54:01 GMT

South Korea's CPI up 0.6% in April

South Korea's consumer prices grew 0.6% in April from a year earlier, remaining below 1% for the fourth month in succession, Statistics Korea reported.

Thu, 02 May 2019 03:31:59 GMT

Iraq exports more than 103M barrels of crude

Iraqi Oil Ministry stated that the country exported more than 103M barrels of crude oil in the month of April, getting in revenue more than $7B.

Thu, 02 May 2019 03:29:34 GMT

Fiat Chrysler reports weaker sales in April

Fiat Chrysler Automobiles reported that overall sales declined in April in both the US and Canada, though sales of its Ram brand kept rising in spite of lingering softness within the industry.

Thu, 02 May 2019 02:37:35 GMT

Irish consumer sentiment sours in April

Ireland's consumer sentiment worsened in April, pushed down by an uncertain outlook and related worries over household incomes, the report showed.

Thu, 02 May 2019 02:33:35 GMT

South Korean factory activity rebounds

South Korea's factory activity returned to growth in April, supported by an increase in hiring, ending five months of contraction, a survey revealed on Thursday.

Wed, 01 May 2019 19:55:19 GMT

US manufacturing activity at 2-1/2-year low

On Wednesday, US factory activity reached 2-1/2 year low in April, because of a sharp fall in orders and in construction spending in March, pointing the economic growth's moderation.

Wed, 01 May 2019 19:55:04 GMT

Wall Street awaits Fed decision

On Wednesday, Wall Street paused from an Apple Inc rally, as traders and investors await the US Federal Reserve's policy announcement.

Wed, 01 May 2019 19:06:02 GMT

Hulu reaches 26.8M paid subscribers

On Wednesday, Hulu achieved rapid growth, as the company announced that it has reached 26.8M paid subscribers.

Wed, 01 May 2019 19:05:49 GMT

Shingles vaccine sales increasing

On Wednesday, British drug maker's GlaxoSmithKline predicted that sales of shingles vaccine are likely to reach $1.3 billion in 2019.

Wed, 01 May 2019 18:12:54 GMT

Apple shares increase more than 6%

On Wednesday, Apple Inc shares increased by more than 6%, pushing the company's market valuation towards the $1 trillion mark.

Wed, 01 May 2019 18:11:52 GMT

May fires UK Defense Minister Williamson

On Wednesday, the UK Prime Minister Theresa May sacked the Defense Minister Gavin Williamson over Huawei leak.

Wed, 01 May 2019 17:01:03 GMT

Estee Lauder raises forecast for 2019 on higher China demand

Estee Lauder raised the forecast for profit and sales for this year after beating Wall Street expectations for Q3 results amid booming demand for its products in China.

Wed, 01 May 2019 17:00:31 GMT

US economic growth appears to slow

The US manufacturing activity weakened more than anticipated in April due to a sharp fall in orders and in construction spending in March, suggesting the economic growth's moderation.

Wed, 01 May 2019 16:30:02 GMT

EBRD to move London HQ to Canary Wharf

The European Bank for Reconstruction and Development is set to move the Bank's London headquarters to the business district of Canary Wharf in the year of 2022, the lender stated.

Wed, 01 May 2019 16:29:03 GMT

US companies hire 275K workers in April

The US private employers added 275K jobs last month, well above forecasts and the most in nine months, supporting the view of the strong labour market, ADP reported.

Wed, 01 May 2019 15:36:32 GMT

Toyota sales in US fall this month

Toyota Motor reported a decline of 4.4% in the US sales in April amid slack demand for sedans, including Prius and Corolla. The carmaker sold 162K cars in April, compared with 170K units a year before.

Wed, 01 May 2019 15:34:04 GMT

US construction spending declines in March

The US construction spending decreased unexpectedly in March after gains in three months in succession, affected by declines in both public and private construction projects.

Wed, 01 May 2019 14:06:21 GMT

Fnatic attracts $19M for big expansion

The British global esports organisation Fnatic attracted about $19M in a new round of funding, restructuring its leadership amid plans on the major expansion in North America and Asia.

Wed, 01 May 2019 13:57:46 GMT

Amazon launches online platform in Israel

The e-commerce giant Amazon has opened its online platform to the local retail market in Israel to enable the retailers to sell their products directly to the Indian customers.

Wed, 01 May 2019 13:35:43 GMT

Curaleaf to take over Cura Partners' Select brand

On Wednesday, Curaleaf Holdings stated it would acquire Cura Partners' cannabis Select brand in a deal worth C$1.27B in stocks, seeking to expand its footprint on the US West Coast.

Wed, 01 May 2019 13:30:14 GMT

Flipkart considers buying Indian grocery chain

Walmart-owned e-commerce company Flipkart has entered talks to acquire Namdhari's Fresh, India's grocery chain, which operates more than 30 stores in Bengaluru, CNBC-V18 stated on Wednesday.

Wed, 01 May 2019 12:37:30 GMT

Beyond Meat lifts IPO price range

Beyond Meat, the vegan meat maker, has raised the estimated price range in its upsized initial public offering, right ahead of the planned market debut this Wednesday, indicating strong demand from investors.

Wed, 01 May 2019 11:59:27 GMT

Dialog Group, Vopak face $1.35B lawsuit

Dialog Group, the energy sector services company, its JV partners, including the Dutch oil storage firm Koninklijke Vopak, are facing a $1.35B lawsuit from the property investment group for allegedly lost profits.

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