News

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Wed, 15 Nov 2017 18:04:22 GMT

EU lawmakers clarify law to restrict cheap imports from China

The European Parliament accepted legislation aimed to protect the bloc's industries from excessively cheap China's imports.

Wed, 15 Nov 2017 17:07:55 GMT

Venezuela to pay back $3.15B to Russia in ten years

Venezuela and Russia signed the debt restructuring agreement under which Caracas is obliged to pay Moscow back $3.15B over a ten-year period, the Finance Ministry of Russia said.

Wed, 15 Nov 2017 17:06:58 GMT

US consumer inflation eases in October

The Commerce Department showed that the US Consumer Price Index increased 0.1% in October, following the prior month's 0.5% gain and matching analysts' forecasts.

Wed, 15 Nov 2017 16:18:31 GMT

Loblaw to shut 22 stores by early next year

Loblaw, the Canadian pharmacy and grocery chain, announced that it would close 22 unprofitable stores to revamp the company's business facing challenges in a retail environment.

Wed, 15 Nov 2017 16:17:58 GMT

SoftBank to invest $25B in Saudi Arabia

Japanese SoftBank Group is expected to invest $25B in Saudi Arabia over the course of the next three or four years, according to the sources familiar with the matter.

Wed, 15 Nov 2017 15:35:20 GMT

US retail sales surge unexpectedly in October

The US retail sales surged 0.2% unexpectedly in October on a higher demand for motor vehicles, the Commerce Department reported on Wednesday.

Wed, 15 Nov 2017 15:28:53 GMT

Amazon reveals more Whole Foods discounts

On Wednesday, Amazon revealed more price cuts on the Whole Foods grocery products days before Thanksgiving, sending rival US grocers' stocks lower in the early trading.

Wed, 15 Nov 2017 14:35:00 GMT

VW denies accusations over labour council payments

Volkswagen and its unions rejected on Wednesday the accusations that the automaker's top labour council had been overpaid, the top official reported.

Wed, 15 Nov 2017 14:30:28 GMT

Sprint adds free Hulu service to Unlimited Freedom plan

Hulu service is planning to tie-up with Sprint's unlimited wireless plan, providing the customers of the Sprint Unlimited Freedom with access to Hulu's Limited Commercials service.

Wed, 15 Nov 2017 12:45:56 GMT

Target forecasts disappoint markets

Target issued a lower than expected profit forecast for the holiday quarter. The move sent the company's share price down by three percent pre-market.

Wed, 15 Nov 2017 12:43:11 GMT

Carlyle seek one billion US Dollars

The private equity firm Carlyle Group is raising one billion US Dollar to fund a new energy investment fund.

Wed, 15 Nov 2017 11:32:37 GMT

Fox shareholders stand against Murdoch

The shareholders of the Twenty-First Century Fox company are proposing do dispose of the dual type share system that gives the company's founder Rupert Murdoch extra privileges.

Wed, 15 Nov 2017 11:32:09 GMT

Swiss government discusses Swiss Franc

After a meeting with the Swiss National Bank, members of the Swiss government have stated that the country's currency in their opinion remains highly valued, despite recent efforts.

Wed, 15 Nov 2017 11:23:32 GMT

Amazon scraps videos service

Reuters reports that an anonymous source has confirmed to them that Amazon have stopped their plans to launch an online streaming service that would bundle US broadcast and cable networks.

Wed, 15 Nov 2017 11:23:01 GMT

Armed forces of Zimbabwe seize power

On Wednesday Zimbabwe's military took power. However, the head of the country has been only put under house arrest.

Wed, 15 Nov 2017 09:57:28 GMT

UK jobless rate remains at 4.3% in September

According to the ONS, the unemployment rate in United Kingdom remained unchanged at 4.3% in September, fully meeting analysts' expectations for the rate to stay on hold.

Wed, 15 Nov 2017 09:57:17 GMT

Bayer hires head of Nestle's baby food business

Germany's drugmaker Bayer tapped Nestle's executive of its infant nutrition business, as the company seeks to stem the eroding consumer care sales from next March.

Wed, 15 Nov 2017 09:32:50 GMT

VW says obeys works council remuneration law

Volkswagen stated on Wednesday it had adhered to the remuneration law of the company's work council head Bernd Osterloh, following suspicions of VW's overpayment to him.

Wed, 15 Nov 2017 09:26:49 GMT

Apple agrees to help India with anti-spam app

Apple stated it would develop an anti-spam application for the iOS platform in India, following the tech giant's initial refusal based on the privacy concerns.

Wed, 15 Nov 2017 08:33:29 GMT

Nestle to reorganise infant nutrition business

On Wednesday, Nestle announced that it would restructure its infant nutrition business, as the world's biggest packaged food firm sought to improve its performance.

Wed, 15 Nov 2017 08:30:19 GMT

Flydubai aims to order 175 Boeing's 737 MAX jets

The Qatari budget carrier Flydubai is moving closer to order 175 Boeing 737 MAX aircraft, the sources familiar with the issue reported on Wednesday.

Wed, 15 Nov 2017 07:31:47 GMT

AerCap likely to supply Boeing, Airbus jets to EgyptAir

One of the world's largest leasing companies AerCap is moving closer to deals to supply Boeing and Airbus aircraft to EgyptAir, which are expected to be announced at Dubai's Airshow.

Wed, 15 Nov 2017 07:26:15 GMT

White House to unveil rules cyber flaws disclosure

Trump's Administration is set to release on Wednesday the rules on disclosing cyber security flaws, a national security official stated to Reuters.

Wed, 15 Nov 2017 06:22:28 GMT

China's Maoyan secures $150M from Tencent

On Wednesday, the Chinese ticketing platform Maoyan raised $150M in funding from the Internet giant Tencent, valuing the company at around $3.01B.

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