News

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Wed, 28 Feb 2018 05:27:28 GMT

There is no damage to Papua New Guinea gas pipeline

ExxonMobil on Wednesday announced that so far there are no indications that this week's Papua New Guinea earthquake has damaged the country's major gas pipeline.

Wed, 28 Feb 2018 05:26:45 GMT

Chinese funds change their exposure

A recent Reuters poll has revealed that Chinese funds have been decreasing their equity exposure. In the meantime, the funds have been buying bonds.

Wed, 28 Feb 2018 03:57:56 GMT

Japanese industrial output falls in January as inventories pile up

Slowing production of electronics and cars put Japan's industrial production in the biggest decline in January, highlighting a pile up of inventory and weakening demand.

Wed, 28 Feb 2018 03:57:48 GMT

GM South Korea to diminish number of executives

The South Korean unit of General Motors announced plans to cut the number of the company's executives in the latest effort to restructure and slash costs.

Wed, 28 Feb 2018 02:57:03 GMT

Australian business sentiment remains negative in February

ANZ reported that its Business Confidence Index came in at -19.0 in February, following the preceding month's -37.8.

Wed, 28 Feb 2018 02:56:11 GMT

Chinese manufacturing activity deteriorates in February

The CFLP reported on Wednesday that its PMI for the Chinese manufacturing sector dropped to 50.3 in February from the prior month's 51.3, while analysts anticipated a slight decrease to 51.2.

Tue, 27 Feb 2018 20:55:12 GMT

Republicans to reject Trump's proposed gun limits

Republican leaders in the US Congress are to oppose the President Donald Trump's proposal to increase the minimum age for buying guns from 18 to 21.

Tue, 27 Feb 2018 20:52:58 GMT

German inflation rises 1.2% in February

The Federal Statistics Office reported on Tuesday that German inflation rose by 1.2% year-on-year in February, as price pressures remained muted despite a solid economic upswing.

Tue, 27 Feb 2018 19:57:37 GMT

Macedonia considers four options to resolve name dispute with Greece

The Macedonian Prime Minister Zoran Zaev told media on Tuesday that four options were possible to settle the long-lasting dispute with Greece over its name.

Tue, 27 Feb 2018 19:51:20 GMT

Venezuela's Arreaza says debt renegotiation harder due to US sanctions

The Venezuelan Foreign Minister Jorge Arreaza said on Tuesday that US sanctions made the renegotiation of foreign debt more difficult for global banks.

Tue, 27 Feb 2018 18:54:11 GMT

German cities could ban diesel cars

On Tuesday, a top administrative court of Germany stated that German cities have the right to ban old diesel engines from their streets to reduce air pollution.

Tue, 27 Feb 2018 18:53:45 GMT

UK Minister Fox: staying in customs union would betray Brexit voters

The UK Minister of State for Trade Liam Fox criticised plans of the opposition Labour party to stay in the customs union with the EU, claiming that this decision will betray Brexit voters.

Tue, 27 Feb 2018 18:16:13 GMT

Pinterest appoints former Google executive as its first COO

A social network Pinterest with more than 200 million active users appointed Francoise Brougher, the former executive of Alphabet Inc and Square Inc, as the first chief operating officer of the company.

Tue, 27 Feb 2018 18:00:12 GMT

Exxon to sell stake in Terra Nova project

Exxon Mobil Corp is planning to sell its stake in the oil project Terra Nova on the east coast of Canada, although committing plans for future investments in the region.

Tue, 27 Feb 2018 17:01:51 GMT

Richmond manufacturing activity rebounds in February

The Federal Reserve of Richmond reported that its PMI for the region's manufacturing sector came in at 28 in February, up from the preceding month's 14 and surpassing analysts' expectations for a rise to 15.

Tue, 27 Feb 2018 17:01:37 GMT

Mood of American shoppers improves markedly

The Conference Board reported on Tuesday that in Consumer Confidence Index surged to 130.8 in February from the prior month's 124.3, whereas analysts anticipated a slighter increase to 126.1.

Tue, 27 Feb 2018 16:02:38 GMT

US investors seek Washington approval to buy stake in Citgo

Sources close to the matter reported on Tuesday that a group of US investors was seeking approval from Washington to buy a nearly 50% stake in Citgo, an American refiner, controlled by Rosneft.

Tue, 27 Feb 2018 15:59:58 GMT

Powell says Fed can continue gradually raising rates

The newly-elected Fed Chairman Jerome Powell said on Tuesday that the Bank could continue gradually raising rates, pointing to the strong US economic outlook.

Tue, 27 Feb 2018 15:29:25 GMT

Fitbit's shares drop 14% on smartwatch weak demand

Shares in Fitbit plunged 14% on Tuesday, as the company's newly introduced smartwatch had failed to excite consumers, showing a sluggish demand for the device.

Tue, 27 Feb 2018 15:25:06 GMT

Sales of Cuban cigars hit record amid China's surging demand

The Cuban cigar manufacturer Habanos stated on Monday that its sales hit record of a 33% rise last year, helped by a surging demand in China.

Tue, 27 Feb 2018 14:34:28 GMT

US-Israeli firm CyberX attracts $18M

The US-Israeli cyber-technology provider CyberX stated on Tuesday it had raised $18M, bringing the company's total investment to $30M.

Tue, 27 Feb 2018 14:30:14 GMT

Walt Disney makes $2.47B investment in Disneyland Paris

On Tuesday, Walt Disney announced a $2.47B investment into Disneyland Paris, aimed at expansion of the French theme park that had been taken under its full control last year.

Tue, 27 Feb 2018 13:34:14 GMT

Starbucks to launch first Reserve store

On Tuesday, Starbucks is set to open its first of 1K planned upscale Reserve stores amid the company's strategy to be protected against the high-end coffee rivals.

Tue, 27 Feb 2018 13:31:35 GMT

Bezeq Israel Telecom to appoint Paz as its interim CEO

The Israeli Bezeq Telecom is seen to name on Tuesday Yaakov Paz as its interim CEO for no less than the next month, as the chief executive Stella Handler is under police investigation.

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