News

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Fri, 01 Dec 2017 07:34:23 GMT

Tesla turns on giant lithium ion battery on Friday

On Friday, Tesla switched on its world's biggest lithium ion battery to shore up Australia's grid for summer's first day, meeting Elon Musk's promise to construct it in 100 days.

Fri, 01 Dec 2017 05:55:06 GMT

Nissan seeks more than $700M from India

Japan's automaker Nissan Motor started international arbitration versus India, seeking more than $700M over the issue on unpaid state incentives.

Fri, 01 Dec 2017 05:53:51 GMT

Progress in talks with UK lessened odds of disorderly Brexit

Some progress in the UK negotiations to quit the European Union ceased the likelihood of disorderly Brexit, raising the chances to result in a free trade agreement.

Fri, 01 Dec 2017 05:27:16 GMT

Western Digital, Toshiba close to deal on chip unit sale issue

Western Digital and Toshiba were nearing a deal to settle a legal dispute, which threatened plans to sell Japan conglomerate's semiconductor unit for $18B.

Fri, 01 Dec 2017 05:26:20 GMT

GM China venture to recall nearly 1M vehicles

One of Genera Motor's ventures in China is set to recall more than 938K of cars due to fuel tank issues, the country's quality watchdog stated.

Fri, 01 Dec 2017 03:51:51 GMT

Japan manufacturing grows at fastest pace in more than three years

Japan's Manufacturing PMI was at 53.6 in November, the strongest reading in more than three years, as new orders and output accelerated gains, indicating the economy's steady expansion.

Fri, 01 Dec 2017 03:14:54 GMT

Qualcomm files new complaints against Apple

Qualcomm filled new complaints against Apple over patent infringement, saying that there were 16 of the company's patents used by Apple in its iPhones.

Fri, 01 Dec 2017 03:09:08 GMT

China's factory growth weakens to five-month low, confidence sinks

Chinese Manufacturing PMI fell to the five-month low of 50.8 in November, as high input costs and tough pollution measures weakened business confidence, a private survey revealed.

Fri, 01 Dec 2017 03:07:54 GMT

Japan's consumer spending, price growth raise doubts on inflation

Japanese core CPI rose 0.8% year-on-year in October, the tenth straight month of increase, while its narrower measure showed no acceleration in inflation for three months in succession.

Thu, 30 Nov 2017 20:59:32 GMT

UN to extend Geneva talks on Syria

The United Nations reported on Thursday that it would extend the Geneva peace talks on Syria until December 15, adding that the presidency was still on the agenda.

Thu, 30 Nov 2017 20:57:56 GMT

GM to launch self-driving taxi fleet in 2019

On Thursday, General Motors said it planned a launch of self-driving taxi fleet in several dense urban areas in 2019.

Thu, 30 Nov 2017 20:03:17 GMT

US Treasury to run out of cash by early April

The Congressional Budget Office warned on Thursday that the US Treasury would run out of cash by late March or early April, unless the Congress raised the debt ceiling.

Thu, 30 Nov 2017 19:59:27 GMT

US natural gas inventories down 33B cubic feet

The EIA reported US natural gas inventories dropped 33B cubic feet in the week ended November 24, following the prior week's fall of 46B cubic feet.

Thu, 30 Nov 2017 18:55:38 GMT

Fed's Quarles sees digital currencies posing financial stability risk

The Federal Reserve's Vice Chair Randal Quarles warned that bitcoin and other digital currencies could pose a heavy risk to financial stability if adopted widely.

Thu, 30 Nov 2017 18:54:36 GMT

OPEC accepts extension of oil cut until end of 2018

OPEC agreed to expand oil production cuts by the end of 2018, as it attempts to finish the clearance of crude global glut, but ready quit the deal earlier in case the market overheats.

Thu, 30 Nov 2017 17:51:19 GMT

Portugal, Slovakia, Latvia bid for chair of Eurogroup

The Finance Ministers of Portugal, Slovakia, Latvia would bid to replace Jeroen Dijsselbloem, the head of the Eurogroup, ahead of the vote among the 19-country bloc next week.

Thu, 30 Nov 2017 17:49:12 GMT

US consumer spending rises 0.3% in October

US consumer spending slowed growth in October to mark a 0.3% increase after a 0.9% gain in the prior month, strengthening expectations for the Fed to raise rates in December.

Thu, 30 Nov 2017 16:52:56 GMT

EZ weak inflation growth matches ECB forecasts for dip

Euro zone consumer inflation rose at a weaker-than-anticipated pace of 1.5% in November, suggesting that price growth was still soft reinforcing ECB projections for a further dip.

Thu, 30 Nov 2017 16:52:16 GMT

Chicago PMI retreats from three-year high in November

The ISM said that manufacturing activity in the area of Chicago with the PMI index rebounding to the 63.9 mark this month from a three-year high of 66.2 registered in October.

Thu, 30 Nov 2017 16:12:01 GMT

Russia's annual inflation to weaken in 2017 before next year's rebound

Russian consumer inflation is expected to grow 2.9% by the end of the year, compared with the 3.3% seen in the prior month, before hitting the central bank's 4% target in 2018.

Thu, 30 Nov 2017 16:11:31 GMT

British house price growth lower than anticipated in November

The UK house prices increased 0.1% in November, missing expectations for a 0.2% gain, as house price inflation continued weakening since the Brexit vote, Nationwide said.

Thu, 30 Nov 2017 15:32:59 GMT

VW car brand expects sales at record-high this year

The Volkswagen car brand forecast the record sales of more than 6M models in 2017, exceeding the last year's reading of 5.99M, the company stated on Thursday.

Thu, 30 Nov 2017 15:00:51 GMT

US initial jobless claims drop 2K last week

The number of applications for US unemployment benefits plunged 2K to 238K in the week ending November 25, missing analysts' expectations for a 241K rise.

Thu, 30 Nov 2017 14:32:01 GMT

Apple to develop own power chips in 2018

According to the Nikkei business daily, Apple is planning to design its own power management chips to use in iPhones as soon as in 2018.

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