News

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Tue, 06 Feb 2018 05:23:16 GMT

US Senate confirms Iancu as new US Patent office head

On Monday, the US Senate has unanimously confirmed the lawyer Andrei Iancu as a new US Patent and Trademark Office head, following his nomination by the President Donald Trump in August.

Tue, 06 Feb 2018 04:30:45 GMT

Samsung, China's state planner in cooperation deal for chips

South Korean firm Samsung Electronics and China's state planner signed a memorandum of understanding concerning their cooperation on semiconductors.

Tue, 06 Feb 2018 04:30:11 GMT

RBA holds rates at 1.5%

The Reserve Bank of Australia stated that it left the cash rate at 1.5%, in line with expectations, expecting stable outlook for some period of time to come.

Tue, 06 Feb 2018 02:57:38 GMT

Australian trade balance worsens unexpectedly

The ABR reported that the Australian trade balance came in at -A$1.36B in December, following the prior month's reading of A$0.04B and missing expectations for a A$0.25B surplus.

Tue, 06 Feb 2018 02:56:18 GMT

Australian retail sales fall 0.5% in December

Australian retail sales dropped 0.5% in December, after climbing 1.3% in the prior month, whereas analysts anticipated a fall of 0.2%, according to official data.

Mon, 05 Feb 2018 20:52:09 GMT

Fed: US banks eased lending standards on business loans in Q4Y2017

The Federal Reserve's quarterly survey demonstrated on Monday that US banks eased lending standards for business loans, while increased them for commercial loans on real estate.

Mon, 05 Feb 2018 20:51:38 GMT

Bitcoin declines below $7,000 on Monday

Bitcoin plunged more than 15% on Monday, as concerns over increased global regulation and a credit card ban by US and UK banks pushed it to a three-month low of $6,853.53.

Mon, 05 Feb 2018 19:56:42 GMT

CFTC, SEC support increased control over digital currencies

The Chairmen of the Commodity Futures Trading Commission and the Securities and Exchange Commission support increased control and a new regulatory framework for digital currencies.

Mon, 05 Feb 2018 19:56:18 GMT

US fundamentals are strong, says White House spokesman

Raj Shah, a spokesman for the Trump administration, told media on Monday that US fundamentals were solid even despite strong market fluctuations.

Mon, 05 Feb 2018 19:08:42 GMT

Lufthansa replaces Brussels Airlines management

Lufthansa said on Monday it had decided to replace several Brussels Airlines top managers in a major company shake-up.

Mon, 05 Feb 2018 19:08:27 GMT

Jan Zijderveld becomes Avon's CEO

On Monday, Avon Products Inc. appointed Jan Zijderveld as the company's CEO, effective immediately, succeeding Sheri McCoy who was supposed to resign in March.

Mon, 05 Feb 2018 18:18:05 GMT

Allergan appoints new CFO

The current CFO of Catalent Inc. Matthew Walsh has been appointed as the new Allergan PLC Chief Financial Officer.

Mon, 05 Feb 2018 18:16:25 GMT

EG Group to acquire Kroger's convenience store business

On Monday, the Ohio-based retailing company Kroger said in was in advanced talks with EG Group to sell its convenience store business for $2.15B.

Mon, 05 Feb 2018 17:00:39 GMT

December EA19 retail sales in line with expectations

Data released by Eurostat showed that the volume of retail trade in the Euro area dropped by 1.1% over the course of December, in line with analysts' expectations.

Mon, 05 Feb 2018 17:00:29 GMT

Viacom strikes streaming deal with Telefonica

The New York-based media conglomerate Viacom said it had struck a mobile streaming deal all around Latin America with the Spanish broadband and telecommunications provider Telefonica.

Mon, 05 Feb 2018 16:31:16 GMT

US ISM non-manufacturing PMI hits 59.9 in January

The Institute for Supply Management revealed on Monday that its non-manufacturing PMI for the US rose in January, hitting the 59.9-point mark.

Mon, 05 Feb 2018 16:30:34 GMT

UK January services PMI misses expectations

According to the data released by Markit on Monday, the services PMI for the United Kingdom fell to 53.0 in January, missing analysts' expectations for a 54.1-point print.

Mon, 05 Feb 2018 15:19:03 GMT

Nvidia teams up with Continental

Nvidia Corp and Continental AG on Monday announced that the two enterprises are working together to develop self-driving systems.

Mon, 05 Feb 2018 15:17:25 GMT

New German coalition wants to close tax loophole

The future coalition of Germany announced on Monday the idea to end the misuse of a tax loophole in the country's property tax.

Mon, 05 Feb 2018 13:58:27 GMT

Iraq plans military operation

Iraqi military forces are preparing to consolidate the control of the areas located near the Iranian border that are used for oil transit.

Mon, 05 Feb 2018 13:46:51 GMT

Trump accuses top Democrat of leaking information

The US President Donald Trump on Twitter on Monday accused the US Representative Adam Schiffer, who sits on the House Intelligence Committee, of leaking information.

Mon, 05 Feb 2018 13:24:15 GMT

China increases ban on exports to North Korea

The Chinese government has increased the list dual use goods, which are banned from being exported to North Korea.

Mon, 05 Feb 2018 13:23:38 GMT

Broadcom increases its bid for Qualcomm

On Monday the chipmaker Broadcom increased its offer to buy Qualcomm. The bid was increased from $103B to $121B.

Mon, 05 Feb 2018 12:04:08 GMT

Rising oil price to result in higher airfare

The CEO of International Air Transport Association (IATA) Alexandre de Juniac said on Monday that the jump in crude oil prices lead to an increase in airlines' costs and for this reason is likely to result in higher airfare.

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