News

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Wed, 17 Jul 2019 12:40:43 GMT

Turkish economy is expected to contract

On Wednesday, the results of a Reuters Poll revealed that a majority of global economists expect the Turkish economy to contract in 2019.

Wed, 17 Jul 2019 12:01:16 GMT

US targets Huawei

The US Senate and the House of Representatives put forward bills that would upkeep tight restrictions on China's Huawei Technologies.

Wed, 17 Jul 2019 11:02:56 GMT

Kuroda comments on economy

On Wednesday, the Governor of Bank of Japan Haruhiko Kuroda announced that he expects economic global growth and that the BoJ will keep policy steady.

Wed, 17 Jul 2019 09:50:44 GMT

Ericsson shares fall seven percent

Despite announcing earnings in line with forecasts, on Wednesday Ericsson announced that future cost increases might decrease the company's profit margins. The announcement caused a seven percent drop of Ericsson stock price.

Wed, 17 Jul 2019 08:40:31 GMT

Euro reaches weekly low level

On Wednesday, the common European currency reached a weekly low level. The drop was caused by expectations of monetary easing in the Euro Zone.

Wed, 17 Jul 2019 08:34:06 GMT

Bank of England comments on QE

On Wednesday, the Bank of England announced that most likely its balance sheet will decrease only by half once quantitative easing is reversed.

Wed, 17 Jul 2019 05:00:37 GMT

Japan and US eye small trade agreement

According to sources with knowledge of the discussions, Japan and the United States are negotiating on a trade agreement involving autos and agriculture.

Wed, 17 Jul 2019 04:01:59 GMT

Amazon reaches deal with Germany's anti-trust authority

The German Federal Cartel Office announced on Wednesday that Amazon has agreed to overhaul its Business Services Agreement that applies to merchants using the company's platform.

Wed, 17 Jul 2019 03:17:11 GMT

Hackers steal millions of Bulgarians taxpayer's financial data

The Bulgarian Finance Minister Vladislav Goranov said on Tuesday that hackers had stolen millions of Bulgarians taxpayer's financial data at the country's National Revenue Agency.

Wed, 17 Jul 2019 01:57:24 GMT

Bitcoin falls by 8%

Bitcoin cryptocurrency fell below $10,000 on Tuesday after the US Senate Banking Committee grilled Facebook Inc on its crypto plans.

Tue, 16 Jul 2019 20:03:14 GMT

Creditors to try selling Jet Airways again

According to sources familiar with the matter, lenders of Jet Airways will make another attempt to sell the insolvent airline for at least $1.24B.

Tue, 16 Jul 2019 19:31:23 GMT

Von der Leyen ready to work with any UK leader

Ursula von der Leyen, the new head of the European Commission, stated on Tuesday that she would try to find a mutually beneficial solution to the Brexit with any British leader.

Tue, 16 Jul 2019 18:28:53 GMT

Von der Leyen gets official support

On Tuesday, the German parliament has supported Ursula von der Leyen's candidacy for the post of the European Commission President.

Tue, 16 Jul 2019 17:15:14 GMT

Atlanta Fed raises US GDP forecast to 1.6% in Q2

The Atlanta Fed's GDPNow forecast revealed that the US economy grew at a 1.6% annualised rate in the Q2 based on better-than-forecast retail sales and industrial output data, whic came in in line with forecast in June.

Tue, 16 Jul 2019 16:36:21 GMT

Wells Fargo reports higher profit

Wells Fargo posted higher quarterly profit, with 6% rise in wholesale bank and 26% growth in community bank segments, thanks to cost controls and increase in loans.

Tue, 16 Jul 2019 15:32:45 GMT

US manufacturing production up in June

The US manufacturing production accelerated 0.4% in June, climbing for the second straight month and surpassing 0.2% forecast, owing to higher output of motor vehicles and parts, the Fed reported.

Tue, 16 Jul 2019 13:59:07 GMT

SoftBank-backed Oyo acquires Innov8 for $30M

Oyo, the Indian hotel start-up backed by SoftBank, announced on Tuesday it had acquired Innov8, the local co-worker venture, as the hospitality chain was seeking to enter the commercial real estate sector under the Oyo Workspaces brand name.

Tue, 16 Jul 2019 13:34:16 GMT

Barclays views Carrefour-Casino deal possible

On Tuesday, Barclays stated that a merger between two French biggest retailers Casino and Carrefour could be possible, sending Casino's shares up almost 2% on the statement.

Tue, 16 Jul 2019 12:39:42 GMT

JPMorgan reports better-than-expected quarterly profit

On Tuesday, JPMorgan Chase & Co reported its quarterly profit rose 16% to $9.65B, beating analysts' estimates, as a modest loan increase and higher interest income had made up for a lower activity at its trading desks.

Tue, 16 Jul 2019 11:38:35 GMT

Samsung, SK Hynix call on local firm to bolster chemicals supply

Samsung Electronics and SK Hynix have called on the South Korean local supplier to bolster the key chipmaking chemical supply to guard against possible disruptions of production.

Tue, 16 Jul 2019 09:30:53 GMT

UK wage growth hits record

UK Average Earnings data on Tuesday revealed that core wages have grown at a fastest pace in a decade. Wages grew by 3.6% during the three months to May.

Tue, 16 Jul 2019 09:14:20 GMT

EU regulators harmonize retail investment funds

On Tuesday, the European Securities and Markets Authority announced that it has drafted guidelines to harmonize the calculation of retail investment fund performance fees.

Tue, 16 Jul 2019 08:35:22 GMT

UK watchdog to look into Inmarsat's sale

On Tuesday, the British Competition and Markets Authority stated it would review the proposed takeover of the UK biggest satellite company Inmarsat by a private equity-held consortium to see whether the deal would have a negative impact on the competitive landscape.

Tue, 16 Jul 2019 06:49:58 GMT

Experian reports 4% rise in Q2 revenue

On Tuesday, the world's largest credit data firm Experian reported a 4% jump in its Q2 revenue, boosted by higher business across health, automotive, decision analytics and business credit segments in its largest market of North America.

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