News

Note: This section contains information in English only.
Thu, 01 Jun 2017 20:07:29 GMT

Sources: EU regulators to fine Google over distorting search results

The European Commission is to fine Google over distortion of search results in favour of its shopping service, thus harming consumers and rivals, two sources reported on Thursday.

Thu, 01 Jun 2017 19:23:41 GMT

EU and China to join forces on climate issues

According to Reuters, officials from China and the European Union are to address climate issues in a summit on Friday, following Trump's warnings to discard the Paris agreement.

Thu, 01 Jun 2017 19:21:23 GMT

Brazil's trade surplus reaches all-time high in May

As reported by the Brazilian government, the country's trade surplus of $7.661B in May was the highest of all times, benefiting from increased sales of soy crops and automobiles.

Thu, 01 Jun 2017 17:57:47 GMT

Employees at BOE might protest against inadequate salary increase

Employees of the Bank of England are set to initiate a vote on Thursday on holding a strike, thus protesting against their 1% salary increase that is below the rate of inflation.

Thu, 01 Jun 2017 17:55:30 GMT

Russia to respond to NATO's activities in Eastern Europe

Russia's ambassador to NATO, Alexander Grushko, said on Thursday that the country will respond to the alliance's increased presence in Eastern Europe with new military strategies.

Thu, 01 Jun 2017 17:12:23 GMT

Italian shares outperform due to better-than-expected GDP

Italy outperformed European shares on Thursday as a result of better-than-expected GDP data that showed a 0.4% increase of its economy in Q1.

Thu, 01 Jun 2017 17:01:19 GMT

Trump to announce on Thursday his decision on Paris accord

According to a source familiar with the matter, the US President Donald Trump will announce at 1900 GMT on Thursday if the United States is to support the Paris climate accord.

Thu, 01 Jun 2017 15:56:11 GMT

Ford surpasses GM on May vehicle sales in US

Ford Motor revealed its vehicle sales in the US rose 2.2% to 241,126 units in May, while General Motors' report showed a 1.3% decline to 237,364 cars sold.

Thu, 01 Jun 2017 15:53:26 GMT

US crude oil inventories fall more than expected last week

The EIA report showed that US crude oil inventories dropped 6.4M barrels last week, following the prior week's 4.4M barrels fall, while analysts expected a 2.7M barrels decrease.

Thu, 01 Jun 2017 15:21:12 GMT

US Construction Spending drops 1.4% in April

US Construction Spending fell 1.4% in April from the upwardly revised 1.1% gain in March, reflecting weakness in homebuilding and government projects.

Thu, 01 Jun 2017 15:17:45 GMT

US Manufacturing PMI increase unexpectedly in May

The ISM survey showed the US Manufacturing PMI rose to 54.9 in May, beating forecasts for a slight decrease to 54.7, with growth reported in 15 of the 18 industries.

Thu, 01 Jun 2017 13:58:00 GMT

Russia tends to sell Turkey advanced S-400 missile systems

On Thursday, the President Vladimir Putin stated that Russia was set for selling the advanced S-400 missile systems to Turkey, a bargain that was previously discussed in Ankara.

Thu, 01 Jun 2017 13:57:23 GMT

US non-farm employment improves in May

US private companies created 253K new positions last month compared to downwardly revised 174K in April, whereas analysts anticipated a gain of 181K new jobs.

Thu, 01 Jun 2017 13:17:53 GMT

Mobileye reports 66% jump in Q1 revenue

A self-driving car tech company Mobileye posted a 66% jump to $124.7M in the Q1 revenue amid higher demand for its driver assisted systems.

Thu, 01 Jun 2017 13:01:41 GMT

UK Manufacturing PMI drops to 56.7

According to Markit, UK manufacturing activity declined to 56.7 in May, almost meeting analysts' expectations for 56.5 and following to the prior month's 57.3 reading.

Thu, 01 Jun 2017 12:23:37 GMT

Spain's anti-corruption head steps down over offshore company

Spanish anti-corruption prosecutor Manuel Moix, who conducted a graft probe linked to People Party's members, resigned on Thursday after facing harsh criticism for holding an interest in Panama's offshore company.

Thu, 01 Jun 2017 12:06:43 GMT

Deere to acquire road construction company Wirtgen

On Thursday, Deere announced about its intention to acquire German private road construction firm Wirtgen Group for $5.2B.

Thu, 01 Jun 2017 11:04:21 GMT

Western Digital to invest in new memory chip plant

Western Digital plans to invest in construction of a new flash memory chip factory in the Western Japan amid the intention to express its commitment to the country.

Thu, 01 Jun 2017 11:04:08 GMT

Euro zone Manufacturing PMI rests at 57.0

Markit reported on Thursday that Manufacturing activity in the Euro zone remained at 57.0 in May, meeting analysts' expectations.

Thu, 01 Jun 2017 10:30:15 GMT

Fed's Kaplan believes harsh immigration measures could lead to economic weakness

The Dallas Fed President Robert Kaplan said that the US consumer spending risks getting weaker, due to Trump administration's harsh measures towards illegal immigrants, as they are believed to be staying at homes and not spending any funds in fear of getting deported.

Thu, 01 Jun 2017 10:23:14 GMT

Soros warns EU over Brexit talks

On Thursday, George Soros, a billionaire and a business magnate, stated that Brexit talks are bound to last longer than two years and, thus, could distract the EU from adapting new vital reforms, as he believed the bloc faces an existential crisis.

Thu, 01 Jun 2017 09:06:11 GMT

Norwegian Labour not to open trade talks with UK before Brexit settled

The leader of Norway's Labour Party Jonas Gahr Stoere stated he would not hold trade talks with Britain until it concluded a divorce deal with Brussels.

Thu, 01 Jun 2017 09:01:43 GMT

Musk vows to leave Trump's advisory councils

Elon Musk affirmed that he would leave Donald Trump's advisory councils in case the President withdrew the US from the Paris climate deal.

Thu, 01 Jun 2017 08:31:57 GMT

CVC Capital sets new EU fundraising record

The private equity group CVC Capital Partners hit record-high by raising $17.98B as the investors scrambled to invest into leveraged buyouts.

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