News

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Wed, 07 Mar 2018 15:32:31 GMT

Carmakers warn PM May: plants to become more expensive

The UK largest automakers such as Jaguar Land Rover warned the Prime Minister Theresa May their car plants were likely to become more expensive and harder to run after Britain's exit from the EU.

Wed, 07 Mar 2018 15:25:46 GMT

Abercrombie tops expectations for holiday quarter sales

On Wednesday, Abercrombie & Fitch reported better-than-expected sales in the holiday quarter, boosted by a strong demand for its Hollister apparel, sending the company's shares up 4% to $22.15.

Wed, 07 Mar 2018 14:35:24 GMT

US trade balance rises $2.7B in January

According to the Bureau of Economic Analysis, the US trade deficit jumped to $56.6B in January, following the prior month's $53.9B reading.

Wed, 07 Mar 2018 14:29:32 GMT

Goldman puts UK staff on notice to move to Germany

Goldman Sachs put over dozen of its London-based sales, trading and banking employees on notice for move to Frankfurt in the coming weeks amid Brexit.

Wed, 07 Mar 2018 13:34:08 GMT

EU offers FTA with limited access for British banks

On Wednesday, the European Union offered a free trade agreement to Britain with the much more limited access and cooperation for its banks, than London had expected.

Wed, 07 Mar 2018 13:32:31 GMT

Exxon Mobil views earning to double by 2025

Exxon Mobil is expecting its earnings will more than double within the next six-seven years to $31B at the current oil prices.

Wed, 07 Mar 2018 12:33:42 GMT

US and Baltic countries discuss Russia, Baltic summit

The US State Secretary Rex Tillerson held talks with his counterparts from Latvia, Lithuania and Estonia over the April's Baltic summit that should take place in Washington and Russia's ties with its neighbours.

Wed, 07 Mar 2018 12:33:25 GMT

Germany raises concerns over US Economic Adviser's leave

Germany's government expressed grave concerns over the resignation of the President Donald Trump's Chief Economic Adviser Gary Cohn, caused by the plan to impose tariffs on steel imports.

Wed, 07 Mar 2018 11:01:00 GMT

Trade sceptics gain influence in White House

After Donald Trump's top anti tariff advisor Gary Cohn quit on Tuesday economic nationalists have gained the upper hand, as reported by Reuters.

Wed, 07 Mar 2018 10:59:54 GMT

Lagarde scolds trade tariffs

The chief of the International Monetary Fund Christine Lagarde on Wednesday warned about the economic impact that US import tariffs would create to the global economy.

Wed, 07 Mar 2018 10:30:09 GMT

RBS achieves $500M settlement with NY State

Royal Bank of Scotland reached a $500M settlement with the State of New York over the sold mortgage securities, which contributed to the global financial crisis in 2008.

Wed, 07 Mar 2018 10:14:08 GMT

Erdogan, Putin in talks over Syrian Eastern Ghouta

The leaders of Russia and Turkey Vladimir Putin and Tayyip Erdogan were discussing Syria's situation in the Eastern Ghouta and Turkish operation in Afrin during their phone call.

Wed, 07 Mar 2018 09:33:34 GMT

President Trump to appoint new Chief Economic Adviser

The US President Donald Trump is set to appoint new Chief Economic Adviser any time soon to replace Gary Cohn, who has recently announced his resignation.

Wed, 07 Mar 2018 09:31:53 GMT

Berlusconi to back League leader to form government

The former Italian Prime Minister Silvio Berlusconi stated on Wednesday he would support the League eurosceptic partner's leader amid his intention to form a government.

Wed, 07 Mar 2018 08:09:36 GMT

Venezuela to start auctioning its cryptocurrency via Dicom

On Tuesday, the Venezuelan Vice President Tareck El Aissami announced the country would sell its petro cryptocurrency to private firms via the Dicom forex platform in the coming weeks.

Wed, 07 Mar 2018 08:04:54 GMT

Trump's tariffs to barely lift Boeing's prices

According to aerospace analysts, the President Donald Trump's tariffs on imported aluminium and steel would barely raise the price of Boeing's jetliner or fighter aircraft, but could hurt the planemaker's sales.

Wed, 07 Mar 2018 07:35:46 GMT

Kushner to meet Mexican President Pena Nieto

Jared Kushner, the US Senior Adviser to the President Donald Trump, is set to meet the President of Mexico Enrique Pena Nieto on Wednesday, following tensions over trade and the border wall.

Wed, 07 Mar 2018 07:30:00 GMT

Greek taxi drivers stage out protest against Uber

On Tuesday, hundreds of the Greek taxi drivers staged out protest in Athens against the ride-hailing service Uber, arguing the taxi app "invaded" the country, seizing their business.

Wed, 07 Mar 2018 05:50:20 GMT

Stocks plummet after close of trading

Global stock values fell on Wednesday with most US stocks losing near 2% of their value in the aftermarket trading. The reason was the resignation of a White House free trade advocate.

Wed, 07 Mar 2018 05:50:14 GMT

Chinese Finance Minister expresses confidence

The Finance Minister of China Xiao Jie on Wednesday announced that he has full confidence that China can fend off the large systemic debt risks of the country.

Wed, 07 Mar 2018 05:31:04 GMT

German car makers move ahead in South Korea

Both Mercedes and BMW have outsold General Motors in the South Korean market for the first time.

Wed, 07 Mar 2018 05:30:34 GMT

Japan's ruling party speaks out about fiscal policy

The head of the ruling Liberal Democratic Party of Japan Fumio Kishida has stated that the government needs to finally announce when a budget surplus would be achieved.

Wed, 07 Mar 2018 04:32:11 GMT

Toyota, Kobe Steel hit with lawsuit on car metal quality

The US consumers filed a lawsuit against Toyota Motor and Kobe Steel accusing the companies of engaging in fraud by withholding the vehicle metal component quality.

Wed, 07 Mar 2018 04:31:45 GMT

BlackBerry sues Instagram, WhatsApp, Facebook on patient infringement

BlackBerry filed a lawsuit on patent infringement against Facebook and its Instagram and WhatsApp applications, arguing that features and technologies from BlackBerry Messenger were copied.

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