News

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Fri, 22 Feb 2019 19:01:44 GMT

British cabinet ministers want May to quit after local elections

According to a report by the Guardian newspaper, UK's top cabinet ministers want the British Prime Minister Theresa May to resign after the local elections.

Fri, 22 Feb 2019 18:02:09 GMT

Kraft Heinz shares decline on Friday

On Friday, Kraft Heinz Co stocks fell to its lowest level, after the company announced $15 billion write-down on its brands.

Fri, 22 Feb 2019 18:00:58 GMT

France expresses reservations over start of EU trade talks with US

On Friday, France expressed reservations on whether the European Union should begin trade talks with the United States.

Fri, 22 Feb 2019 17:06:12 GMT

IAEA report shows Iran is complying with nuclear deal

On Friday, the International Atomic Energy Agency report showed that Iran is still holding up to its end of the nuclear agreement.

Fri, 22 Feb 2019 17:04:19 GMT

UK's Serious Fraud Office abandons GSK and Rolls-Royce investigations

The British Fraud Office has abandoned the investigations into bribery allegations against drugs maker GlaxoSmithKline and Rolls-Royce.

Fri, 22 Feb 2019 15:42:38 GMT

AutoNation replaces CEO

The largest US auto retail chain announced on Friday that Carl Liebert will replace the current long time CEO Mike Jackson. Jackson will take the position of chairman.

Fri, 22 Feb 2019 15:41:50 GMT

Kraft Heinz discloses SEC probe

On Friday, Kraft Heinz stock price was still experiencing the decline, which was caused by the SEC investigation that published the company's brand value.

Fri, 22 Feb 2019 14:49:29 GMT

BMW and Daimler will create Uber rival

The German auto producers BMW and Daimler will invest more than one billion euros in the creation of a service that will compete with Uber.

Fri, 22 Feb 2019 14:49:06 GMT

UBS sticks to dividend

The Swiss bank UBS announced on Friday that it will stick to the dividend proposed in 2018 by the bank's CEO. The dividend will be paid despite the recently received penalty of 4.5 billion EUR from French authorities.

Fri, 22 Feb 2019 13:40:55 GMT

JPMorgan introduces shared desks

On Friday, JPMorgan Chase announced that the bank is moving its employees from current offices to "hot desks." Hot desk are a new space saving office layout.

Fri, 22 Feb 2019 13:40:47 GMT

Macron will meet Merkel

The President of the French Republic is set to meet with the Chancellor of Germany on February 27. The two leaders are planning to discuss Brexit, defence and the United States.

Fri, 22 Feb 2019 12:41:28 GMT

Stock prices surge on Friday

By the middle of Friday's London session global stock market indices continued to gain. Financial media attributed the surge to a progress on trade.

Fri, 22 Feb 2019 12:41:22 GMT

PM May's spokeswoman comments on Brexit

On Friday, the spokeswoman of the UK Prime Minister Theresa May announced that the work on Brexit deal changes is continuing at "a pace".

Fri, 22 Feb 2019 12:37:16 GMT

Investors change bets on USD

Reuters announced on Friday that investors are scaling back on bets that the US Dollar will decline. The reason for the change was a Federal Reserve announcement that the US Dollar interest rate will have a premium above other rates.

Fri, 22 Feb 2019 12:36:47 GMT

VietJet will sing deal with Boeing

On Friday, the Vietnamese airline company VietJet Aviation announced that intends to sing a major deal with Boeing during the sidelines of the upcoming Trump-Kim summit.

Fri, 22 Feb 2019 09:18:56 GMT

Saudi Aramco to form JV with China

On Thursday, Saudi Aramco signed with Chinese Norinco an agreement presupposing creation of a joint venture for construction of a petrochemical and refining complexes in the city of Panjin.

Fri, 22 Feb 2019 09:13:58 GMT

FATF pressures Iran to combat IML

The Financial Action Task Force (FATF) stated on Friday that the Iranian government had time until July to improve its anti-money laundering laws, otherwise it would face more intense international scrutiny.

Fri, 22 Feb 2019 08:31:28 GMT

Barnier assumes Brexit postponement

The European Union's Brexit Negotiator Michel Barnier stated on Friday that postponement of Britain's exit from the EU could not be ruled out.

Fri, 22 Feb 2019 08:27:03 GMT

China awaits Hammond's visit

The Сhina's Foreign Ministry stated on Friday that it would welcome the UK Finance Minister Philip Hammond's visit despite deployment of the British naval vessel in the Pacific.

Fri, 22 Feb 2019 07:27:51 GMT

Import quotas affect coal imports, not bans

The Trade Minister of Australia Simon Birmingham stated on Friday problems with coal exports to China were caused by import quotas rather that pure bans.

Fri, 22 Feb 2019 07:19:34 GMT

RBA: China's coal ban does not affect economy

The Reserve Bank of Australia Governor Philip Lowe stated on Friday that China's ban on the county's coal imports to the port of Dalian would not have a big impact on the economy.

Fri, 22 Feb 2019 03:41:10 GMT

French consumer prices decline 0.4% in January

France's Consumer Prices Index decreased 0.4% in January from the previous month amid a fall in manufacturing costs, the INSEE reported.

Fri, 22 Feb 2019 03:40:51 GMT

Japanese department store sales decline last month

Sales in Japan's department stores went down 2.9% to $4.45B in January compared to the preceding year, the country's Department Stores Association stated.

Fri, 22 Feb 2019 03:35:38 GMT

German inflation rate falls ar 2019 start

Germany's inflation rate decreased to 1.4% in the month of January this year, compared to 0.8% rate in the prior month, according to preliminary figures by Destatis.

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