News

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Tue, 17 Oct 2017 18:02:13 GMT

Bank of Italy's independence to be safeguarded

A source in Italy's President's office said that the Bank of Italy's independence had to be safeguarded, comments that followed critics that the central bank's inadequate supervision led to crisises and collapses of several banks.

Tue, 17 Oct 2017 16:56:40 GMT

Price index falls 1.0% at latest GDT auction

The Global Dairy Trade Price Index posted the second straight fall at the latest online auction in New Zealand, slumping 1.0% after declining 2.4% at the previous GDT auction.

Tue, 17 Oct 2017 16:56:23 GMT

US September factory output up 0.3%

The Federal Reserve said on Tuesday that industrial production in the United States was up 0.3% in September, as Hurricanes Harvey and Irma effects started to fade.

Tue, 17 Oct 2017 16:23:07 GMT

British house prices surge 0.5% in September

Government data suggested that house prices in the United Kingdom rose 0.5% over the month of September to reach the 5.0% annual growth pace.

Tue, 17 Oct 2017 16:22:50 GMT

US import prices advance 0.7% last month

The US Bureau of Labour Statistics reported on Tuesday that the country's import prices inched 0.7% higher over the course of September, slightly topping expectations for a 0.6% rise.

Tue, 17 Oct 2017 15:24:30 GMT

German ZEW Economic Sentiment misses expectations in October

The German ZEW Indicator of Economic Sentiment improved 0.6 points to hit the 17.6-point mark in October, missing analysts' expectations for a surge to 20.1.

Tue, 17 Oct 2017 15:23:35 GMT

Euro area annual inflation unchanged at 1.5% in September

According to the data released by Eurostat on Tuesday, the Euro area's annual inflation came in at 1.5% in September, unchanged from the previous month's reading.

Tue, 17 Oct 2017 14:33:21 GMT

Airbnb Africa registers 1.2M arrivals in 2016

The US short-term rental service Airbnb stated that guest arrivals more than doubled last year to 1.2M amid the plugged-in millennial generation.

Tue, 17 Oct 2017 14:25:45 GMT

Bombardier's CSeries jet delivery schedule unclear

Delta Air Lines stated on Tuesday that the delivery schedule of the Bombardier CSeries jets were unclear as the proposed by US government tariff on aircraft exacerbated the situation.

Tue, 17 Oct 2017 13:31:24 GMT

China seeks to acquire 5% of Saudi Aramco directly

China has offered to acquire up to 5% of Saudi Aramco directly, giving Saudi Arabia the flexibility to think over options for the plan to float the world's largest oil producer on stock market.

Tue, 17 Oct 2017 13:22:12 GMT

Synchronoss to sign $1B acquisition deal with Siris

Synrochronoss Technologies is willing to sell its cloud software unit Intralinks Holding for $1B in a deal with the private equity company Siris Capital Partners, the software maker stated on Tuesday.

Tue, 17 Oct 2017 12:13:19 GMT

Google to present advanced Gmail protection programme

On Tuesday, Google announced it would launch the advanced Gmail security features aimed at high-risk users, such as journalists and government officials.

Tue, 17 Oct 2017 12:03:51 GMT

British lawmakers may lose seats amid cost-cutting plan

Jeremy Corbyn, the leader of the UK Labour Party and other lawmakers could lose seats if proposals of cutting the politics cost went ahead.

Tue, 17 Oct 2017 11:09:43 GMT

US drone kills 26 people in Afghanistan

On Tuesday, the alleged US drone killed another six people near the Afghan-Pakistani border. The strike followed shortly after two Canadian hostages were freed by the Haqqani network.

Tue, 17 Oct 2017 11:09:28 GMT

Uber's Christopher Burghardt quits

According to the Financial Times newspaper, Christopher Burghardt, the head of Uber's policy for Europe, has resigned to join the network of EV charging stations ChargePoint. 

Tue, 17 Oct 2017 10:05:17 GMT

BoE Ramsden says it is too early for rate hike

On Tuesday, the New Bank of England Deputy Governor Dave Ramsden noted that there is no need to hurry with interest rate hike due to negligible signs of domestic inflation's pressure building in the UK labour market.

Tue, 17 Oct 2017 10:05:03 GMT

UN asks Bangladesh to speed up border checks

On Tuesday, the UN Refugee Agency urged Bangladesh to accelerate checking of 15K Rohingya refugees "stuck" near the Bangladesh–Myanmar border and move them to safer zone.

Tue, 17 Oct 2017 09:22:53 GMT

Italian trade surplus drops in August

Istat reported on Tuesday that the Italian trade surplus narrowed to €2.77B in August, compared to the prior month's €6.56B and missing analysts' expectations for a drop to €4.23B.

Tue, 17 Oct 2017 08:57:28 GMT

Netflix adds more subscribers than expected, shares hit record

Netflix reported that it had added 5.3M subscribers in the Q3, topping analysts' expectations, while its shares hit record-high on Monday, surging 1.2% to $205.07.

Tue, 17 Oct 2017 08:31:32 GMT

Madame Tussauds summer trade dips amid attacks

The UK Madame Tussauds-owner Merlin Entertainments reported a slide in the key summer trading period, blaming terrorist attacks that took place in Britain recently and unfavourable weather.

Tue, 17 Oct 2017 08:27:24 GMT

HNA Group to invest $7.6B in digital transformation, tourism

HNA Group was willing to invest $7.6B in digital transformation and tourism, the company's CEO stated on Tuesday, not elaborating on further details.

Tue, 17 Oct 2017 07:30:23 GMT

Kobe Steel product data falsification last over 10 years

The Japanese steelmaker Kobe Steel confessed it had falsified data on product specification and quality longer than the 10 years it had previously stated.

Tue, 17 Oct 2017 07:16:36 GMT

PSA, Ford lead EU car sales drop in September

The US carmaker Ford and its French competitor PSA Group led a 2% decline in the European car sales in September, with a 5% drop in the PSA combined sales and a 13% fall in the Ford sales.

Tue, 17 Oct 2017 06:32:03 GMT

Australia names ex-Goldman banker as corporate watchdog head

On Tuesday, Australia hired the former Goldman Sachs banker James Shipton to head the country's corporate watchdog, starting February 2018.

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