News

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Tue, 18 Apr 2017 17:02:14 GMT

Volkswagen sees $4.7B profit in Q1

On Tuesday, the German automaker said it was eyeing the company's first-quarter operating profit to come in at about $4.7B, being helped by new models' introduction.

Tue, 18 Apr 2017 17:01:30 GMT

IMF upgrades its global growth outlook

The International Monetary Fund upgraded its global growth forecast, saying the world economy in on track to post the best performance in recent years despite geopolitical tensions.

Tue, 18 Apr 2017 16:07:24 GMT

Canadians invest $4.8B in foreign equities over February

Statistics Canada reported the country's investors had acquired foreign equities worth a total of $4.8B in February compared to the $3.8B investment made in January.

Tue, 18 Apr 2017 16:06:37 GMT

US building permits up 3.6% in March

The US Commerce Department reported on Tuesday that building permits were up 3.6%, hitting 1.26M over the month of March.

Tue, 18 Apr 2017 15:09:09 GMT

US housing starts drop to 1.22M in March

Official data released by the Commerce Department revealed new-home construction in the US slowed in March, sliding to 1.22M from the upwardly revised 1.30M February print.

Tue, 18 Apr 2017 15:08:34 GMT

Canadian foreign security purchases hit $38.8B

According to the data released by Statistics Canada, overseas acquisitions of Canadian securities rose to $3.8B over the month of February.

Tue, 18 Apr 2017 14:34:06 GMT

Germany expects early election to bring clarity on Brexit

Germany's Foreign Minister Sigmar Gabriel stated he expected to see more clarity in Brexit negotiations after the early election called by the British PM Theresa May this Tuesday.

Tue, 18 Apr 2017 14:23:04 GMT

Chemicals leak out at Tesla battery plant

On Monday, Tesla Inc. reported about dangerous chemical materials spill at the company's battery factory in Nevada; however, no serious injuries or threat to the public were detected.

Tue, 18 Apr 2017 13:31:16 GMT

Turkish opposition calls to annul referendum results

Turkey's main opposition party called on the electoral board to cancel the results of a referendum that greatly expanded the powers of the Turkish President Tayyip Erdogan, citing irregularities in the voting process.

Tue, 18 Apr 2017 13:21:17 GMT

Spain inquires PM Rajoy over slush fund probe

On Tuesday, the Court of Spain called the Prime Minister Mariano Rajoy for questioning to testify as a witness in a long-lasting slush fund probe of his People's Party.

Tue, 18 Apr 2017 12:34:34 GMT

Goldman Sachs profit soars up 80% in Q1

Goldman Sachs reported that its 2017 first quarter's profit skyrocketed 80% amid a surge in world equity and debt offerings.

Tue, 18 Apr 2017 12:09:29 GMT

Three countries' leaders to discuss Brexit on Friday

Three leaders of Denmark, Ireland and the Netherlands will meet on Friday for talks over Britain leaving the European Union following the intention to coordinate their Brexit strategy.

Tue, 18 Apr 2017 11:00:48 GMT

PM May urges to hold early election

This Tuesday, the UK Prime Minister Theresa May announced she would seek to hold an early election on June 8 as it would ensure political stability for the next years.

Tue, 18 Apr 2017 10:51:52 GMT

Trump advisers to talk over Paris climate accord

On Tuesday, the US President Donald Trump's advisers will meet for discussion over Donald Trump's intention to withdraw the US from the Paris climate agreement.

Tue, 18 Apr 2017 10:14:56 GMT

Oil dips amid upped US shale output expectation

A dip in oil prices accompanied the anticipation of the highest rise in shale output for the US over a period of two years, and led to worries that the oversupply might not be in line with OPEC's attempts to cut output.

Tue, 18 Apr 2017 10:10:13 GMT

Credit Suisse shareholders unsatisfied with pay-out structure

Despite a 40% bonus cut put forth by Credit Suisse managers and a promise to freeze the compensation of directors, stakeholders remained unsatisfied with the pay-out structure to executives.

Tue, 18 Apr 2017 09:33:00 GMT

PM May to address public outside Downing Street office

The Prime Minister of Britain Theresa May is eager to make an official statement on Tuesday outside the Downing Street office following the scheduled meeting with the Senior Ministers.

Tue, 18 Apr 2017 08:32:54 GMT

Australia to abolish foreign employee visas

Australia's PM Malcolm Turnbull announced on Tuesday that the country was eager to adhere to the new anti-foreign employee policy and would abolish a temporary foreign worker visa, stating that "Australian jobs are for the Australian people".

Tue, 18 Apr 2017 08:16:52 GMT

Pence triggers Japan talks to boost trade

On Tuesday, the US Vice President Mike Pence started negotiating with Japan, expecting to boost trade and infrastructure investment as the US forges links with its key ally amid growing tensions with North Korea.

Tue, 18 Apr 2017 07:33:00 GMT

Teenager dies in shark attack on Australia's Western coast

A young girl died as a shark attacked her while she was surfing in the ocean; another unprovoked incident that took place on the Western coast of Australia as the country scores record-high of the motiveless shark attacks.

Tue, 18 Apr 2017 07:22:14 GMT

Facebook fails to meet its pledge over abusive content

Facebook failed to react in time to the scandalous murder video published on Sunday despite company's promise to monitor and take immediate measures over offensive publications on the social media platform.

Tue, 18 Apr 2017 06:30:27 GMT

Arconic Chief resigns over critical letter to Elliot

The Arconic Inc. CEO Klaus Kleinfeld stepped down from his post on Monday after he sent a hostile letter to Elliott Management without consulting the board of directors.

Tue, 18 Apr 2017 06:16:09 GMT

VW to meet severe quotas over China green cars

On Tuesday, Volkswagen stated it was eager to meet the forthcoming tough quotas over the independent selling of their green cars in China.

Tue, 18 Apr 2017 05:24:07 GMT

Chinese ruling Communists to boost influence in business sector

Amid efforts to strengthen its influence in the business sector, the Chinese Communist party has issued new rules for executives that require them being assessed by the "party building" to determine their salaries.

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