News

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Tue, 06 Mar 2018 04:29:23 GMT

Trudeau calls Donald Trump about tariffs

Canada's Prime Minister Justin Trudeau called the US President Donald Trump about proposed aluminium and steel tariffs and defended the country's industry and workers.

Tue, 06 Mar 2018 04:28:33 GMT

Ford awaits Brexit clarity to make investment decision for UK

Ford was requiring clarity over trading conditions after Brexit, as the company wanted to decide on future investment in the UK.

Tue, 06 Mar 2018 03:31:31 GMT

RBA holds key interest rate at record low 1.50%

On Tuesday, the Reserve Bank of Australia kept its key interest rate unchanged at a record low of 1.50%, in line with analysts' forecasts.

Tue, 06 Mar 2018 03:28:49 GMT

Australian retail sales rise less than expected in February

The ABS reported that retail sales rose 0.1% in January, after falling 0.5% in the preceding month, while analysts anticipated an increase of 0.4%.

Mon, 05 Mar 2018 21:14:46 GMT

United Airlines stops changes to bonus program after employee discontent

United Airlines would not implement changes to its performance program, as employees were not satisfied with the reduction of regular bonuses, the company said on Monday.

Mon, 05 Mar 2018 21:07:37 GMT

Ireland's PM says US, Canada border not an example

The Irish Prime Minister Leo Varadkar explained that the border between Canada and the United States was not a model for how to resolve the border issue with Northern Ireland.

Mon, 05 Mar 2018 20:18:10 GMT

Manhattan apartment sales fall to 2012 low in January

Apartment sales in Manhattan plunged to the lowest rate of growth in six years in January due to a trend of declining sales in cities, CityRealty reported on Monday.

Mon, 05 Mar 2018 20:05:26 GMT

Kobe Steel CEO announces resignation

Hiroya Kawasaki is to resign as the Chief Executive Officer of Kobe Steel Ltd due to a quality scandal that could cause a $94.14M fall in profit for the company.

Mon, 05 Mar 2018 19:04:38 GMT

Italy's former PM resigns as leader of Democratic Party

The former Prime Minister of Italy Matteo Renzi resigned as the leader of Democratic Party after its defeat in the national election on Sunday.

Mon, 05 Mar 2018 18:59:50 GMT

Emirates Steel likely to be affected by US tariffs, says CEO

Saeed al Remeithi, the CEO of Emirates Steel, explained that US tariffs on aluminium and steel would have an effect on the company, as it exports 5% of its production to the US.

Mon, 05 Mar 2018 17:54:46 GMT

IEA: US shale supply set to surge in next five years

The International Energy Agency said on Monday that US shale output was set to surge during the following years, thus stealing a market share from OPEC producers.

Mon, 05 Mar 2018 17:52:55 GMT

Trump implies Mexico, Canada could win tariff exemption

The US President Donald Trump suggested on Monday that Mexico and Canada could win exemptions to the planned tariffs on aluminium and steel if the new NAFTA deal is signed.

Mon, 05 Mar 2018 17:05:57 GMT

HCR ManorCare files for bankruptcy

The US-based provider of nursing home services HCR ManorCare filed for bankruptcy on Sunday with $7.1B of debt in a deal to transfer ownership to Quality Care Properties Inc.

Mon, 05 Mar 2018 17:04:49 GMT

IAEA Chief: collapse of Iranian nuclear deal would be ‘great loss'

The Director General of the International Atomic Energy Agency said the collapse of Iran's nuclear accord would be a significant loss for ‘nuclear verification and multilateralism'.

Mon, 05 Mar 2018 16:05:59 GMT

Ethiopia's coalition to choose new PM this week

The Ethiopian ruling coalition is set to meet this week in order to nominate a new Prime Minister, following the unexpected resignation of Hailemariam Desalegn last month.

Mon, 05 Mar 2018 15:59:14 GMT

Dow weakens for fifth day amid concerns over trade war

The Dow Jones Industrial Average declined for the fifth consecutive session on Monday, as concerns over a possible trade war pressured the index lower.

Mon, 05 Mar 2018 15:31:17 GMT

Microsoft to launch new Azure version for governments

On Monday, Microsoft stated that it would offer its new upgraded version of the Azure cloud service for the governments to be available on their local servers in the nearest future.

Mon, 05 Mar 2018 15:25:07 GMT

Ford to lay off 2K hourly workers at Michigan assembly

Ford Motor will temporarily lay off around 2K hourly employees at the Michigan assembly and its stamping factories in Wayne as part of the carmaker's plan to build Bronco SUVs and the Ranger pickup trucks.

Mon, 05 Mar 2018 14:34:19 GMT

Airbnb to make concessions on short-term rentals

On Monday, Airbnb's top executive Chris Lehane stated that the home-booking firm was about to make concessions in Singapore over the short-term rentals, seeking to appease government's concerns.

Mon, 05 Mar 2018 14:31:46 GMT

South Korea's Kakao considers blockchain unit

The South Korean biggest messaging app company Kakao stated on Monday it was planning to create a blockchain technology unit, where the FuturePlay's co-founder Han Jaesun was seen to lead the firm.

Mon, 05 Mar 2018 13:35:29 GMT

Canadian National Railway CEO abruptly resigns

On Monday, Canadian National Railway announced its CEO Luc Jobin would quit his post immediately amid the railroad difficulties in coping with harsh winter and surge in demand.

Mon, 05 Mar 2018 13:33:10 GMT

AXA shares fall amid $15B takeover of XL Group

Shares in France's insurer AXA plunged about 5% on Monday after the company had announced a $15B takeover of the Bermuda-based XL Group that analysts found pricey.

Mon, 05 Mar 2018 12:06:55 GMT

France's AXA acquires XL Group for $15B

On Monday, the French company AXA agreed to acquire the Bermuda-based XL Group in a deal worth $15B, as it seeks to create the world's leader in casualty and property insurance.

Mon, 05 Mar 2018 12:05:17 GMT

VW considers changing trucks unit structure amid IPO

Volkswagen's managers put under consideration changing its trucks business's corporate structure ahead of the possible initial public offering.

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