News

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Mon, 05 Mar 2018 11:02:49 GMT

EZ retail sales fall 0.1% in January

Eurostat reported on Monday that the volume of retail trade in the Euro area dropped by 0.1% over the course of January, missing analysts' expectations for a 0.3% surge.

Mon, 05 Mar 2018 11:02:27 GMT

British February services PMI beats expectations

According to the data released by Markit on Monday, the UK's services PMI came in better than expected, hitting the 54.5-point mark in February.

Mon, 05 Mar 2018 10:35:26 GMT

Dialog expects Apple to use its chips through 2020

Dialog Semiconductor was expecting to supply its key customer Apple with its chips in 2019 and 2020, its CEO Jalal Bagherli stated on Monday.

Mon, 05 Mar 2018 10:32:13 GMT

Mediaset shares drop as Berlusconi party does worse in vote

On Monday, shares in Mediaset plunged more than 5% as the party of Silvio Berlusconi, whose family operates the private broadcaster, did not meet the expectations in the general elections.

Mon, 05 Mar 2018 09:35:02 GMT

Amazon plans to launch grocery market in France

Amazon is planning to launch the French grocery delivery service amid the US e-commerce giant's ambitions to expand in the food retail sector.

Mon, 05 Mar 2018 09:32:11 GMT

EU seeks to tax tech giants' revenue at 2%-6% rate

The European Union is set to reveal this month its plans to tax tech giants' revenue at rate in the 2%-6% range, according to France's Finance Minister Bruno La Maire.

Mon, 05 Mar 2018 08:34:31 GMT

Saudi Arabia, Egypt sign $10B deal to develop mega-city

On Sunday, Egypt and Saudi Arabia signed a $10B joint fund over a planned development of the mega-city during the countries' president meeting in Cairo.

Mon, 05 Mar 2018 08:31:31 GMT

Syrian rebels promise to allow civilians leave Ghouta

According to the Russian military, Syria's rebels promised to allow civilians leave their enclave in the eastern Ghouta in exchange for the humanitarian aid.

Mon, 05 Mar 2018 07:34:13 GMT

South Korea aims to bring US, North to nuclear talks

On Monday, the South Korean delegation headed to North Korea as it seeks to bring together its neighbour and the United States for talks in its efforts to rein the missile and nuclear programme.

Mon, 05 Mar 2018 07:30:51 GMT

GM South Korea's 15% workers apply for redundancy package

About 2,500 workers or 15% stuff at the General Motors unit in South Korea applied for a voluntary redundancy package offered by the US carmaker as part of its drastic restructuring.

Mon, 05 Mar 2018 05:56:00 GMT

Turnbull's popularity drops over recent sex scandal

A closely-watched poll revealed on Monday that Australia's PM Malcolm Turnbull's popularity had dropped significantly over his handling of a recent sex scandal between his ex-deputy and a staffer.

Mon, 05 Mar 2018 05:55:45 GMT

US accuses Russia of civilian deaths in Syria

The White House has directly accused Russia of killing civilians in Syria, saying Russian military jets carried out daily bombing missions over Damascus and eastern Ghouta.

Mon, 05 Mar 2018 05:21:10 GMT

China not to tolerate separatist activities for Taiwan

On Monday, China said it would not tolerate separatist activities for Taiwan, adding it is ready to ensure China's territorial integrity aiming at "reunification" with the self-ruled island.

Mon, 05 Mar 2018 05:20:17 GMT

US embassy in Ankara to be closed on Monday

A statement released on Sunday revealed that the US embassy in Ankara, Turkey, will be shut on Monday on the back of security concerns.

Mon, 05 Mar 2018 04:26:35 GMT

China increases defence spending due to military modernisation

China revealed its biggest increase in defence spending in three years, setting an 8.1% growth target in comparison to 2017, due to military modernisation.

Mon, 05 Mar 2018 04:26:05 GMT

Australia new car sales enjoy strong run last month

Australia's new vehicle sales extended strong run in the month of February, with solid demand in the commercial sector contributing to business investment.

Mon, 05 Mar 2018 02:55:41 GMT

Australian inflation gauge turns negative in February

The Melbourne Institute reported on Monday that its Inflation Gauge Index fell -0.1% last month, after increasing 0.3% in January.

Mon, 05 Mar 2018 02:54:11 GMT

China services sector growth falls more than expected last month

Markit reported that its Caixin PMI for the Chinese services sector dropped to 54.2 in February from the prior month's 54.7, while analysts anticipated a decrease to 54.3.

Sun, 04 Mar 2018 20:53:38 GMT

Barron's: homebuilder shares become attractive due to booming housing market

According to Barron's, shares of homebuilders, including Lennar Corp, NVR Inc and Meritage Homes Corp, look attractive due to the strong recovery of the US housing market.

Sun, 04 Mar 2018 20:53:30 GMT

Magnitude 6.0 earthquake hits Papua New Guinea

A magnitude 6.0 earthquake hit Papua New Guinea late on Sunday, as reported by the US Geological Survey.

Sun, 04 Mar 2018 20:01:22 GMT

FTR: semi-truck orders rise by 76% in February

Semi-truck orders in the US, Canada and Mexico jumped by 76% in February, as companies attempt to increase their carrying capacity, data by FTR showed on Sunday.

Sun, 04 Mar 2018 19:54:35 GMT

Study: China's funds leave eight countries financially vulnerable

According to a study by the Centre for Global Development, China's investments in the Belt and Road Initiative have left eight countries financially dependent on its funds.

Sun, 04 Mar 2018 18:58:19 GMT

SWF seeks higher environmental standards for its companies

The Norwegian sovereign wealth fund has requested its 9 100 companies to submit data on climate effects to the London-based CDP in a bid to improve their environmental standards.

Sun, 04 Mar 2018 18:57:03 GMT

India's CBI makes more arrests in PNB fraud

India's Central Bureau of Investigations has arrested four more people in relation to Punjab National Bank's $2B fraud case.

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