News

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Mon, 03 Jul 2017 13:59:12 GMT

Markit Euro zone Manufacturing PMI comes in at 57.4

Markit reported that manufacturing activity in the 19-country bloc rose to 57.4 in June, following the prior month's 57.0 and surpassing the flash estimate of 57.3.

Mon, 03 Jul 2017 13:21:39 GMT

Euro zone unemployment rate holds steady in May

Eurostat reported that the jobless rate in the 19-country bloc remained unchanged at 9.3% in May, meeting analysts' expectations.

Mon, 03 Jul 2017 13:19:20 GMT

British manufacturing activity falls to 54.3 in June

Markit reported on Monday that its PMI for the UK manufacturing sector came in at 54.3 last month, down from May's donwardly revised 56.3 and falling behind expectations for 56.4 points.

Mon, 03 Jul 2017 11:52:22 GMT

Saudi King Salman not to attend G20 summit

According to Germany's government spokesman, the King of Saudi Arabia Salman bin Abdulaziz is not eager to attend the G20 summit in Hamburg on July 7-8.

Mon, 03 Jul 2017 11:51:45 GMT

PM Abe aims to regain public trust after poll failure

Japan's PM Shinzo Abe stated on Monday that he would try to regain public's trust after his Liberal Democratic Party suffered a devastating defeat in the election.

Mon, 03 Jul 2017 11:01:06 GMT

Maersk recovers its major IT systems after cyber attack

The Danish shopping giant Maersk managed to restore its major applications and bring the IT systems back online after a cyber attack hit the company last week.

Mon, 03 Jul 2017 11:00:30 GMT

Gulf states extend deadline for Doha to accept demands

The four Arab Gulf states decided to extend a deadline for Qatar to comply with the demands until Tuesday's night, which Doha previously rejected amid high severity.

Mon, 03 Jul 2017 09:58:45 GMT

UK manufacturing activity dissapoints in June

The Markit/CIPS UK Manufacturing Purchasing Managers' Index decreased to a three-month low of 54.3 in June, resulting from weak exports and increased business uncertainty.

Mon, 03 Jul 2017 09:57:42 GMT

Manufacturing PMI in Euro zone rises to 57.4 in June

IHS Markit's Manufacturing Purchasing Managers' Index for the Euro zone increased to 57.4 in June, thus showing the fastest growth rate in six years in the first half of 2017.

Mon, 03 Jul 2017 09:25:31 GMT

Tencent to limit gaming time for children amid addiction worries

The Chinese largest gaming company Tencent is eager to limit "Honour of Kings" play time for young users starting from Tuesday amid the game addiction worries.

Mon, 03 Jul 2017 09:17:01 GMT

Airbus reveals leaner structure, confirms sales reorganisation

On Monday, Airbus formally unveiled its leaner corporate structure on the back of firm's recent merger with its parent company, and confirmed a shake-up of the commercial sales.

Mon, 03 Jul 2017 08:33:32 GMT

Polish Play seeks to raise $1.4B in Warsaw IPO

One of the Poland's largest mobile phone operators Play Communication aims to raise up to $1.4B in a Warsaw initial public offering.

Mon, 03 Jul 2017 08:27:54 GMT

31 injured as bus collides with lorry, bursting into flames

On Monday, a bus with 48 aboard collided with a lorry and burst into flames on the Bavarian motorway in Germany, injuring at least 31 people, while several passengers are feared to be dead.

Mon, 03 Jul 2017 07:15:51 GMT

Several injured as Amtrak train derails in Washington state

Several people out of 250 aboard were reported to be injured as the Amtrak Cascades line train derailed in Washington state on Sunday.

Mon, 03 Jul 2017 07:10:36 GMT

Tesla's Model 3 passes regulatory requirements for production

Tesla's CEO Elon Musk reported that the Model 3 vehicle had passed all the regulatory measurements necessary to launch its production two week before the schedule.

Mon, 03 Jul 2017 06:03:43 GMT

Thousands of migrant workers flee Thailand

The new labour rules implemented by the country's military government have sent tens of thousands of migrant workers fleeing Thailand to neighbouring Myanmar.

Mon, 03 Jul 2017 06:03:24 GMT

Trump discusses Qatar dispute concerns with Gulf leaders

The White House reported the US President Donald Trump had spoken to the Saudi Arabia, Abu Dhabi and Qatar leaders to discuss his worries over the ongoing Qatar dispute.

Mon, 03 Jul 2017 05:15:29 GMT

Puerto Rico's PREPA files for bankruptcy

Late on Sunday, the Puerto Rico Fiscal Agency and Financial Advisory Authority reported the country's power utility PREPA had filed for bankruptcy.

Mon, 03 Jul 2017 05:15:11 GMT

Singapore's PM to be questioned over alleged abuse of power

The Prime Minister of Singapore Lee Hsien Loong is set to be questioned in the parliament over alleged abuse of power in a siblings' dispute over inheritance.

Mon, 03 Jul 2017 04:08:15 GMT

Eight hurt in shooting near French mosque

According to sources familiar with the matter, eight people were hurt on Monday in a shooting near a mosque in the city of Avignon, France.

Mon, 03 Jul 2017 04:06:06 GMT

Caixin China Manufacturing PMI soars in June

Caixin Manufacturing PMI for China improved slightly over the month of June, returning into the positive territory after dropping in the prior month.

Mon, 03 Jul 2017 03:08:53 GMT

Australia housing prices rise in June, market cooling signs

Housing prices in Australia's main cities increased 9.6% in June, compared with a 8.3% rise in the previous month, though the market revealed signs of cooling.

Mon, 03 Jul 2017 03:08:27 GMT

Japanese business confidence at three-year high

Japan's large manufacturers confidence enhanced for a third consecutive quarter in the Q2, reaching the highest level in three years, as the economic growth gathered momentum.

Mon, 03 Jul 2017 02:13:10 GMT

Australia services, manufacturing show strong activity in June

Australian service sectors and manufacturing both revealed high activity in June supported by an increase in hiring and in optimism on the country's outlook.

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