News

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Sat, 06 Jan 2018 05:32:13 GMT

Bristol-Myers expects $3B tax hit in Q4 2017

Bristol-Myers Squibb is expected to record a $3B charge in the December quarter of 2017, as a consequence of the US tax reform passed, the drugmaker stated.

Fri, 05 Jan 2018 21:04:12 GMT

Dollar rises on rate hike hopes

The US Dollar advanced on Friday, as investors did not find any information in the latest non-farm payrolls report that could stop the Fed's interest rate hike plans for this year.

Fri, 05 Jan 2018 21:04:04 GMT

FEMA transfers risk to 28 private reinsurers

The US Federal Emergency Management Agency (FEMA) said it has transferred $1.46B of risk from the National Flood Insurance Program (NFIP) to 28 nongovernmental reinsurers for this year.

Fri, 05 Jan 2018 20:08:14 GMT

Harker believes two rate hikes 'appropriate' this year

On Friday, the President of Philadelphia Federal Reserve Bank Patrick Harker said that insufficiently fast wage growth as well as various risks in the bond market should limit the number of rate hikes to two in 2018.

Fri, 05 Jan 2018 20:02:13 GMT

Trump flies to Maryland to meet with Republican leaders

The US President Donald Trump left Washington on Friday to meet with senior Republicans in Maryland and discuss strategy for the upcoming congressional elections that will take place in November.

Fri, 05 Jan 2018 19:08:19 GMT

Neiman Marcus announces name of its new CEO

Geoffroy van Raemdonck, the former executive of Ralph Lauren, was named as the Neiman Marcus Group CEO Karen Katz's successor.

Fri, 05 Jan 2018 19:01:48 GMT

Macron calls to obey the law in fight against terrorism

In a press conference held together with the Turkish leader Tayyip Erdogan, the President of France Emmanuel Macron noted that democratic states must observe the law in their fight against international terrorism.

Fri, 05 Jan 2018 18:10:53 GMT

Oil prices drop to $67.66

Crude oil prices dropped by 0.6% on Friday, reaching $67.66 a barrel, as traders did not receive any disturbing news from the OPEC member Iran.

Fri, 05 Jan 2018 18:04:00 GMT

Pakistani official calls US "a friend who always betrays"

On Friday, the Foreign Minister of Pakistan Khawaja Asif said that the United States acts as "a friend who always betrays". The comparison came shortly after the US decided to suspend aid to Islamabad.

Fri, 05 Jan 2018 17:01:19 GMT

December ISM Non-Manufacturing PMI disappoints

The report released by the Institute for Supply Management on Friday showed that December Non-Manufacturing PMI dropped to 55.9, missing analysts' expectations for a 57.6-point reading.

Fri, 05 Jan 2018 17:01:02 GMT

Canada's unemployment rate down 0.2% in December

Canada's unemployment rate continued its downtrend in December, falling 0.2% to settle at 5.7%, the lowest mark since 1976.

Fri, 05 Jan 2018 16:23:02 GMT

US unemployment rate holds steady at 4.1%

The US Bureau of Labour Statistics revealed that the unemployment rate held steady at 4.1% for the third consecutive month in December.

Fri, 05 Jan 2018 16:21:29 GMT

Canadian trade deficit widens to $2.5B

According to the data released by Statistics Canada on Friday, the country's November trade deficit widened to $2.5B from $1.6B registered in October.

Fri, 05 Jan 2018 15:34:15 GMT

Airbus discusses sales deal of 100 jets to China

Airbus is in talks over selling at least 100 aircraft to China during the French President Emmanuel Macron's visit to Beijing next week.

Fri, 05 Jan 2018 15:22:29 GMT

Former Georgia's President jailed for power abuse

On Friday, Georgia's Court sentenced in absentia the country's former President Mikheil Saakashvili to three years in jail for trying to cover up evidence over a Georgian banker murder.

Fri, 05 Jan 2018 14:33:56 GMT

US seeks to tighten restrictions on Iran

The White House and the US senators are willing to severe measures on Iran, while keeping Washington in the nuclear deal with Tehran.

Fri, 05 Jan 2018 14:28:22 GMT

Kunal Gandhi becomes Barclay's corporate broking head

According to the internal memo posted on Friday, Barclays named Kunal Gandhi as its corporate broking chief with Rob Mayhew as his new deputy.

Fri, 05 Jan 2018 12:56:45 GMT

China seeks to enable half of new vehicles with AI

China seeks to implement AI technology in about half of its new vehicles by 2020 and cover 90% of the country's highways and big cities with a wireless network to support smart cars.

Fri, 05 Jan 2018 12:56:32 GMT

Saudi Arabia's Aramco becomes joint-stock firm

Saudi Arabia has converted its oil giant Aramco to the joint-stock company starting January 1, ahead of the historic IPO scheduled for this year's second half.

Fri, 05 Jan 2018 12:34:21 GMT

Merkel launches second bid to build coalition

Germany's Chancellor Angela Merkel is planning to start over with the coalition talks and build the government on Sunday.

Fri, 05 Jan 2018 12:10:58 GMT

Orsted's descendants to sue firm over name

The Danish scientist Hans Christian Orsted's descendants are planning to file a sue against his company over decision to change the name to Orsted.

Fri, 05 Jan 2018 10:33:29 GMT

Brexitieer Farage to meet EU chief negotiator

The Brexit campaigner Nigel Farage is set to meet the EU chief negotiator Michel Barnier on Monday in an effort to convey the views of 17.4M Britons who had voted for Brexit.

Fri, 05 Jan 2018 10:25:02 GMT

Canada's Conservatives senator expelled

Canada's Conservative Party expelled a senator Lynn Beyak on Thursday, following the publication on Beyak's official government website over indigenous people derision.

Fri, 05 Jan 2018 09:34:18 GMT

Turkey's Erdogan to discuss defence cooperation in Paris

The Turkish President Tayyip Erdogan is set to discuss defence cooperation with his NATO ally France on Friday, highlighting an important step Turkey plans to take with the EUROSAM defence consortium.

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