News

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Fri, 09 Jun 2017 04:07:01 GMT

Chinese producer prices grow less than expected last month

China's National Bureau of Statistics reported on Friday that its Producer Price Index climbed 5.5% in May, following the prior month's increase of 6.4% and falling behind expectations for a 5.7% gain.

Fri, 09 Jun 2017 02:52:37 GMT

BoJ still far to achieve 2% inflation target

The Bank of Japan remained far to reach its 2% inflation target, but public inflation expectations were stabilised due to the central bank's ultra-loose monetary policy.

Fri, 09 Jun 2017 02:52:29 GMT

Greece hopes election not to affect Germany's decision on debt

Prokopis Pavlopoulos, the Greek President, urged German FM Wolfgang Schaeuble not to allow domestic politics impact his stance on ensuring debt relief to Greece.

Fri, 09 Jun 2017 02:16:15 GMT

Chinese consumer prices increase 1.5% in May

The China's Consumer Price Index posted a 1.5% yearly increase in May, matching analysts' expectations and following a 1.2% rise registered in the prior month.

Fri, 09 Jun 2017 02:15:25 GMT

Australian April home loans drop 1.9% in April

The number of home loans in Australia declined to a seasonally adjusted 1.9% in April, following a downwardly revised 0.9% drop registered in March.

Thu, 08 Jun 2017 19:54:31 GMT

Saudi foreign minister arrives in Oman for talks

The Foreign Minister of Saudi Arabia Adel al-Jubeir arrived in Oman on Thursday to hold talks in Muscat with Omani officials.

Thu, 08 Jun 2017 19:54:16 GMT

Brazil election court weighs Temer's fate

Judges on Brazil's election court were expected to begin voting on Thursday on whether to strip the President Michel Temer of his mandate.

Thu, 08 Jun 2017 19:14:53 GMT

General Motors' Opel sale can be completed by end of July

General Motors could complete the sale of its European brand Opel to France's PSA Group by July 31, the company announced on Thursday. 

Thu, 08 Jun 2017 19:14:41 GMT

US military shoots down Syrian pro-government drone

The US military on Thursday shot down an armed drone and bombed pro-Assad forces on the ground who had violated a well-established de-confliction zone in southern Syria.

Thu, 08 Jun 2017 18:08:19 GMT

Verizon to cut more than 2K jobs after Yahoo deal closes

Verizon plans to lay off 15% of the combined workforce of AOL and Yahoo, once the $4.5 billion deal for Yahoo's web assets closes, Variety has confirmed on Thursday.

Thu, 08 Jun 2017 18:08:04 GMT

James Comey testifies before the senate

Former FBI director James Comey will testify before the Senate intelligence committee on Thursday, amid a federal investigation into ties between the President Donald Trump's campaign and Russia.

Thu, 08 Jun 2017 17:19:35 GMT

Yahoo shareholders approve sale of core business

Yahoo shareholders have approved the sale of the company's core Internet operating business to Verizon for $4.48B.

Thu, 08 Jun 2017 17:15:32 GMT

GM to complete sale of Opel by end of July

Opel reported on Thursday that General Motors, Opel's parent company, would probably complete its sale to Peugeot by the end of July.

Thu, 08 Jun 2017 16:06:11 GMT

Initial jobless claims drop less than expected last week

The number of Americans filing for unemployment aid dropped 10K to 245K in the week ended June 2, while analysts anticipated a bigger fall to 241K.

Thu, 08 Jun 2017 16:04:58 GMT

US consumer mood holds steady in June

The IBD/TIPP Economic Optimism Index held steady at 51.3 in June, whereas analysts expected an increase to 51.6 points.

Thu, 08 Jun 2017 14:56:47 GMT

Canadian new-house prices jump 0.8% in April

Statistics Canada reported that the New Housing Price Index surged 0.8% in April, following the prior month's rise of 0.2% and surpassing expectations for a 0.3% increase.

Thu, 08 Jun 2017 14:55:54 GMT

GDP rises 0.6% in Q2 in both Euro zone and whole EU

Eurostat reported that GDP rose 0.6% on a quarterly basis in the Q2 of 2017 in both the Euro zone and the 28-country bloc.

Thu, 08 Jun 2017 14:20:38 GMT

ECB leaves policy unchanged

The European Central Bank kept its monetary policy unchanged at its meeting on June 8, meeting analysts' expectations.

Thu, 08 Jun 2017 14:12:45 GMT

Switzerland jobless rate remains on hold at 3.2%

According to the SECO, the unemployment rate in Switzerland remained unchanged at 3.2% in May, almost meeting expectations for a reading of 3.3%.

Thu, 08 Jun 2017 13:34:29 GMT

Boeing considers pilotless planes development

Boeing is under consideration of introducing new pilotless jets and is eager to launch several tests of such a technology in 2018.

Thu, 08 Jun 2017 13:30:18 GMT

Al Jazeera to maintain editorial independence despite diplomatic crisis

Qatari media network Al Jazeera stated on Thursday it would keep its editorial independence in the Gulf dispute despite a diplomatic crisis.

Thu, 08 Jun 2017 12:22:18 GMT

Nissan to make AEB standard for 1M of US cars

The Japan automaker Nissan Motor announced about its intention to implement the automatic emergency breaking standard into around 1M of the US 2018 model vehicles.

Thu, 08 Jun 2017 12:04:03 GMT

Catalonia to call referendum to withdraw from Spain

On Friday, Catalonia's regional government is willing to call a referendum on its withdrawal from Spain despite Madrid saw such an act as completely illegal.

Thu, 08 Jun 2017 11:01:08 GMT

China calls for restraint on North Korea's missile launch

On Thursday, China urged all sides to exercise restraint after North Korea had launched its land-to-ship ballistic missiles off the country's Eastern coast.

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