News

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Thu, 04 Jan 2018 16:03:43 GMT

Austria's government to reduce child benefits abroad

The Austrian ruling coalition has aimed to reduce child benefit payments for those, who live abroad, adding that this move would not break the EU discrimination rules.

Thu, 04 Jan 2018 16:02:35 GMT

Dow Jones hits record 250,000-mark

The Dow Jones Industrial Average jumped above record 25,000-mark on Thursday, while other indexes climbed after private employers added 250,000 job positions in December.

Thu, 04 Jan 2018 15:34:19 GMT

Intel's shares down amid chip vulnerability to hacking

Shares in Intel continued to slide and dropped to 3.4% on Wednesday, following a report saying its mobile and computer chips were vulnerable to hacking.

Thu, 04 Jan 2018 15:25:52 GMT

Sprint names ex-Altice head Combes as CFO

On Thursday, Sprint appointed the former Altice director Michel Combes as its new Chief Financial Officer, who has been set to become effective on January 6.

Thu, 04 Jan 2018 14:34:48 GMT

Chile's Lomas Bayas mine union rejects Glencore's offer

On Thursday, Chile's Lomas Bayas mine union rejected the final agreement from Glencore, starting a period of a government-facilitated mediation, as it seeks to avoid strike.

Thu, 04 Jan 2018 14:16:40 GMT

US initial jobless claims jump 3K last week

The number of applications for US unemployment benefits surged 3K to 245K in the week ending December 30, missing analysts' expectations for a 241K drop.

Thu, 04 Jan 2018 13:27:00 GMT

JPMorgan, Goldman Sachs pay top UK bankers $1.5M each in 2016

According to the data released by various banks and later compiled by Reuters, JPMorgan and Goldman Sachs paid their top UK bankers on average $1.5M each in 2016.

Thu, 04 Jan 2018 13:24:01 GMT

Walgreens Q3 2017 profit down 22%

On Thursday, the US second-largest pharmacy store Walgreens reported a drop of 22.1% in quarterly profit, primarily harmed by an impairment charge for funding Guangzhou Pharmaceuticals.

Thu, 04 Jan 2018 12:11:44 GMT

China voices support for Cambodia's election

On Thursday, China voiced support for the general election in Cambodia, adding it believes the vote will be fair this year.

Thu, 04 Jan 2018 12:10:50 GMT

China's CB issues new bond market regulation guidelines

The People's Bank of China has issued fresh bond market regulation guidelines, adding all participants must "abide by liquidity and leverage ratio requirements".

Thu, 04 Jan 2018 11:07:45 GMT

Russia's Ryabkov urges US not to intervene in Iran's ‘domestic affairs'

The Russian Deputy Foreign Minister Sergei Ryabkov said on Thursday that the United States should not intervene in Iran's ‘domestic affairs'.

Thu, 04 Jan 2018 11:02:45 GMT

AT&T plans to offer 5G service in US by late 2018

The US-based telecommunications provider AT&T plans to launch the fifth-generation network service in the US by late 2018, thus enhancing speed and response rate.

Thu, 04 Jan 2018 09:51:52 GMT

Euro zone's PMI points to solid economic growth

IHS Markit's Final Composite Purchasing Managers' Index for the Euro zone climbed to 58.1 in December, thus pointing to solid economic growth.

Thu, 04 Jan 2018 09:50:34 GMT

German services PMI accelerates

According to the latest data by Markit, the German final services PMI reached 55.8 in December, thus showing its fastest growth in two years.

Thu, 04 Jan 2018 09:18:47 GMT

Debenhams plummets

The UK department store chain owner Debenhams representatives have announced that the annual earnings will be below forecast. As a result the stock price of the company plummeted 24%.

Thu, 04 Jan 2018 09:18:17 GMT

Islam bans BitCoin

The Grand Mufti of Egypt has issued a official fatwa, which bans cryptocurrency. The reason for that is the fact that trading cryptocurrencies has been found by the clerics too similar to gambling.

Thu, 04 Jan 2018 08:26:07 GMT

Turkey scolds US conviction

Turkish authorities on Thursday scolded a US jury decision to convict a banker from Turkey. The banker has been found guilty in helping Iran evade sanctions.

Thu, 04 Jan 2018 08:25:40 GMT

Mongolia delays $500 million project

Mongolian authorities have decided to delay until 2019 the completion of a $500 million airport project.

Thu, 04 Jan 2018 06:12:50 GMT

US retail vacancies slightly higher in Q4

The number of vacancies for the US retail real estate inched up to 10% in the December quarter from a year ago, Reis stated in a release.

Thu, 04 Jan 2018 06:12:17 GMT

AT&T to run 5G in US later this year

One of the largest US wireless carrier AT&T stated that it would launch 5G network service in many cities in the US later in 2018, as international wireless standards were finalised.

Thu, 04 Jan 2018 05:23:02 GMT

Canada's auto sales decline, yearly sales cross 2M mark

Canadian auto sales fell slightly in December for the second month in succession, though yearly sales rose 4.6% to breach 2M mark, with light trucks kept being the bestseller.

Thu, 04 Jan 2018 05:22:29 GMT

Tesla delays Model 3 production term again

Tesla pushed back a production target for new Model 3 for the second time, causing investors' disappointment despite confirming "major progress" overcoming challenges.

Thu, 04 Jan 2018 04:31:09 GMT

Japan manufacturing grows at strongest pace since 2014 in December

Japan's manufacturing activity accelerated growth pace to the strongest in almost four years by the end of 2017, as new orders increased, a revised survey indicated.

Thu, 04 Jan 2018 04:30:34 GMT

Malaysia unlikely to meet balanced budget target by 2020

Malaysian Second Finance Minister stated that the country is unlikely to meet the earlier balanced budget goal by 2020 and would need up to three years to reach the target.

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