News

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Fri, 29 Jun 2018 20:07:36 GMT

Treasury Department announces streamlined tax form

The United States Treasury Department announced on Friday that Americans would be able to file a tax return on a new postcard-size Form 1040, fulfilling President's Donald Trump pledge.

Fri, 29 Jun 2018 20:02:33 GMT

Smallcaps stocks show signs of turbulence

Following a strong surge, that saw the Russell 2000 set a record in three consecutive sessions in June, smallcap stocks could be flashing signs of snapping down.

Fri, 29 Jun 2018 19:12:00 GMT

Wells Fargo hits with a lawsuit targeting hidden fees

A lawsuit has been filed against Wells Fargo & Co by a Texas jewellery company blaming it for encouraging retailers nationwide to charge customers hidden fee.

Fri, 29 Jun 2018 18:19:24 GMT

US Core Personal Consumer expenditures reaches two percent

For the first time in six years, the United States consumer prices increased by two percent in the year to May.

Fri, 29 Jun 2018 18:17:39 GMT

Secretary Mnuchin denies a report that president Trump wants to leave WTO

The United States Treasury Secretary Steve Mnuchin slammed a report that stated President Donald Trump wants to take the US out of the World Trade Organization.

Fri, 29 Jun 2018 17:21:13 GMT

President Trump plans to nominate Supreme Court Justice by July 10

White House official stated on Friday that President Donald Trump is planning to name a new Supreme Court Justice to replace retired Justice Anthony Kennedy earlier than July 10.

Fri, 29 Jun 2018 17:16:04 GMT

Canada hits back at the United States over aluminium and steel tariffs

Canadian Foreign Minister Chrystia Freeland said on Friday that tariffs worth of 12.63 billion US Dollar has been slapped on US goods and would come into effect on July 1.

Fri, 29 Jun 2018 16:03:03 GMT

Report: Digital currency sales surge to $13.7B in 2018

Digital currency sales have hit $13.7B this year, thus almost doubling the number of sales during 2017, as reported by Strategy& and Crypto Valley Association.

Fri, 29 Jun 2018 16:02:26 GMT

BEH to receive EIB loan for pipeline project

Bulgarian Energy Holding is set to receive a loan from the European Investment Bank in order to finance a gas pipeline project with Greece estimated to cost around $279M.

Fri, 29 Jun 2018 14:57:34 GMT

Deutsche Bank investors calm after stress test failure

Shares of Deutsche Bank strengthened on Friday, thus showing that investors were not concerned about the bank's inability to pass the US stress tests this year.

Fri, 29 Jun 2018 14:57:16 GMT

Merkel: EU closer to common asylum system

The German Chancellor Angela Merkel said on Friday that the European Union was moving closer to a common asylum system that would be a ‘step in the right direction'.

Fri, 29 Jun 2018 14:30:44 GMT

AT&T to settle $5.25M US inquiry into "911" call outages

AT&T is set to pay $5.25M in a settlement of the US probe into two outages that prevented around 15K callers in 2017 from making "911" emergency calls.

Fri, 29 Jun 2018 14:26:59 GMT

Brunswick to acquire Power Products' division for $910M

On Friday, the boat maker Brunswick stated it would acquire the global mobile and marine business unit of Power Products in a cash-deal valued at $910M.

Fri, 29 Jun 2018 13:37:53 GMT

France's Syntony raises $11.6M to fund global expansion

Syntony, the French company that designed location systems to detect mobile phones in underground and tunnels has raised $11.6M to fund its global expansion.

Fri, 29 Jun 2018 13:34:15 GMT

TalkTalk drops plan on its direct B2B business sale

TalkTalk Telecom Group, the UK broadband company, stated on Friday it had decided to drop a plan over sale of its direct B2B business to Daisy Group.

Fri, 29 Jun 2018 12:07:09 GMT

Facebook, Twitter unveils tools for advertising tracking

On Thursday, Twitter and Facebook have launched specific tools to track advertising, identifying which are owned to political campaigns and who had paid for them, amid US regulation threat over platforms' lack of disclosure on such issues.

Fri, 29 Jun 2018 12:03:13 GMT

Biogen seeks to bolster its stake in Samsung Bioepis

Biogen stated on Friday it had exercised the option to acquire extra shares of the biopharma developer Samsung Bioepis, a joint venture formed in 2012 by Biogen and Samsung BioLogics.

Fri, 29 Jun 2018 11:37:13 GMT

France's Rexel to change business portfolio to tackle Amazon

Rexel, France's electrical parts distributor, is trying to develop new strategies to tackle Amazon.com, including a shake up of its business portfolio, the CEO stated on Friday.

Fri, 29 Jun 2018 10:06:31 GMT

Turkey to continue trade ties with Iran

The Turkish Foreign Minister Mevlut Cavusoglu explained on Friday that Turkey would not terminate trade ties with Iran despite the US demands to stop its oil imports.

Fri, 29 Jun 2018 09:56:23 GMT

Euro zone's inflation in line with 2% target

The annual inflation in the Euro zone reached 2% year-on-year in June, with the highest rate increase being in the energy, food, tobacco and alcohol sectors.

Fri, 29 Jun 2018 09:07:12 GMT

BP buys British e-vehicle charging firm Chargemaster

BP is acquiring Britain's key electric vehicle charging company Chargemaster, seeking to launch its ultra-fast chargers all over the UK, before targeting China's growing market.

Fri, 29 Jun 2018 09:03:25 GMT

France's Accor to acquire 50% of Sam Nazarian's SBE

The EU largest hotels group AccorHotels agreed to acquire a 50% stake in the hotelier Sam Nazarian's unit SBE Entertainment Group in a deal valued at $319M.

Fri, 29 Jun 2018 08:01:18 GMT

Pokemon Go maker to sell technology behind its games

Niantic Labs, the Pokemon Go creator, is seeking to sell such technology that would bolster its titles to the other game makers, the Google-backed start-up stated on Thursday.

Fri, 29 Jun 2018 07:58:29 GMT

Twitter's Director of Products Ed Ho to resign

On Thursday, Twitter said that Ed Ho, its product head, is willing to step down for some personal reasons and would be replaced by Periscope's ex-CEO Kayvon Beykpour.

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