News

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Fri, 13 Oct 2017 07:16:23 GMT

Escape slides on some Airbus jets may be damaged

The EU aviation regulator said that emergency slides on the Airbus A340 and A330 aircraft night be broken amid improper folding carried out by maintenance crews, as it led to lacks or cracks in shutoff valves.

Fri, 13 Oct 2017 06:27:15 GMT

BASF to acquire Bayer's significant parts for $7B

BASF signed a $7B deal with Bayer to buy its non-selective herbicide and seed businesses, the heads of the both companies announced on Friday.

Fri, 13 Oct 2017 06:22:32 GMT

FAA to examine A380 engines after Air France incident

The US aviation authorities ordered the Airbus A380 jet engine inspections, following the last month's incident on an Air France flight, as aircraft's engine came apart and led to an emergency landing.

Fri, 13 Oct 2017 05:03:37 GMT

Fidelity Investments tests virtual reality technology

The Boston-based multinational financial services corporation Fidelity Investments is now testing virtual reality feature for customer service representatives' training.

Fri, 13 Oct 2017 05:01:59 GMT

Vietnam floods death toll rises to 54

On Friday, the Vietnamese Disaster Prevention Agency reported no less than 54 people had died and at least 39 had gone missing amid destructive floods that battered the country this week.

Fri, 13 Oct 2017 04:14:32 GMT

Samsung Electronics CEO to step down

On Friday, the South Korean electronics firm Samsung Electronics said its Chief Executive Officer Kwon Oh-hyun had announced his plans to resign from the company's management.

Fri, 13 Oct 2017 04:13:44 GMT

Chinese trade balance narrows in September

According to the data released by the Customs General Administration of China, the country's September trade balance came in worse than expected, narrowing to 193B yuan ($29.4B).

Fri, 13 Oct 2017 03:21:16 GMT

Trudeau: Canada not to abandon NAFTA negotiations

Justin Trudeau said that Canada is unlikely to walk away from negotiations to rehash the NAFTA, despite the US proposal to involve a clause to terminate the pact in the next five years.

Fri, 13 Oct 2017 03:20:36 GMT

Disney to cut 200 jobs at TV networks

Walt Disney is set to cut nearly 250 positions at its ABC Television Group and other cable networks with the most layoffs in operational areas, according to the sources familiar with the matter.

Fri, 13 Oct 2017 01:53:22 GMT

Tesla to recall 11K Model X amid seat issue

Electric carmaker Tesla is recalling 11K of its Model X sport cars worldwide by the reason of faulty locking mechanism rising the risk of rear seats leaning forward in crash.

Fri, 13 Oct 2017 01:50:04 GMT

Bank to Japan to keep easy policy, follow different path from ECB, Fed

Haruhiko Kuroda, the BoJ Governor, stressed the Central Bank's resolve to keep its ultra-loose policy, even when its European and US peers start to dial back massive monetary stimulus.

Thu, 12 Oct 2017 19:57:22 GMT

Mexican central bank to maintain prudent monetary policy stance

The Mexican central bank is expected to keep a prudent monetary policy stance amid adverse scenarios in US-Mexican ties, which could increase risks for economic growth and the Peso. 

Thu, 12 Oct 2017 19:52:48 GMT

US, Israel quit UNESCO

The US and Israel announced that the countries quitted the U.N.'s cultural agency UNESCO after Washington accused it of anti-Israel bias. 

Thu, 12 Oct 2017 19:17:04 GMT

Trump signs executive order to undermine Obamacare

The US President Donald Trump signed executive order aimed at allowing small businesses to band together across state lines to purchase cheaper, less regulated health plans for their staff with fewer benefits.

Thu, 12 Oct 2017 19:08:35 GMT

US thinks North Korean threat is manageable

The White House Chief of Staff John Kelly said that the Trump administration believed that the threat posed by the North Korean nuclear weapons capability was currently manageable.

Thu, 12 Oct 2017 18:23:16 GMT

St. Louis Fed President warns Fed may lose credibility

The St. Louis Fed President James Bullard warned that the Fed risked losing credibility and possibly triggering a recession if it continues monetary policy normalisation without firm evidence that the pace of prices increases strengthens. 

Thu, 12 Oct 2017 18:15:51 GMT

Soft Brexit best way for both Britain and EU, says Germany's Schaeuble

The German Finance Minister Wolfgang Schaeuble said that a soft Brexit featuring trade deals would be the best option to minimise damage to Britain and the EU. 

Thu, 12 Oct 2017 17:02:35 GMT

GM to cut production and jobs at Detroit plant

Sources close to the matter reported on Thursday that General Motors would cut production at its plant in Detroit and lay off 1.5K workers.

Thu, 12 Oct 2017 17:02:03 GMT

Facebook supports release of Russian-bought ads

The Facebook COO Sheryl Sandberg stated on Thursday that the company "absolutely" supported the public release of the 3,000 Russia-linked ads that ran during the 2016 US Election.

Thu, 12 Oct 2017 15:56:25 GMT

ECB to keep rates low „well past" QE

The ECB President Mario Draghi reported on Thursday that interest rates would remain at their record lows „well past" the end of the QE.

Thu, 12 Oct 2017 15:56:02 GMT

US crude oil inventories drop for third consecutive week

The EIA reported on Thursday that crude oil inventories dropped 2.7M barrels last week, following the preceding week's fall of 6.0M barrels and surpassing analysts' expectations for a 1.9M-barrel decline.

Thu, 12 Oct 2017 14:52:00 GMT

US producer prices jump in line with forecasts

The US Labour Department reported that its Producer Price Index surged 0.4% in September, up from the prior month's rise of 0.2% and in line with analysts' forecasts.

Thu, 12 Oct 2017 14:51:30 GMT

Canadian house prices rise less than expected

Statistics Canada reported on Thursday that its National House Price Index rose 0.1% in August, following July's gain of 0.4% and falling behind analysts' expectations for a 0.3% increase.

Thu, 12 Oct 2017 14:26:10 GMT

Lufthansa signs $249M deal to buy Air Berlin parts

On Thursday, Lufthansa signed a $249M deal to acquire large parts of the insolvent Air Berlin, saying it was planning to quickly expand the Eurowings budget business.

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