News

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Sat, 05 Oct 2019 08:36:52 GMT

PayPal leaves Libra Association

One of the top US payment processors, PayPal, stated on Friday that it has decided to quit from Facebook's Libra Association.

Sat, 05 Oct 2019 07:14:13 GMT

UAW reaches some progress in talks with GM

The United Auto Workers (UAW) union stated on Friday that it managed to achieve certain progress in talks with General Motors Co (GM) regarding the issue of temporary workers and health care.

Sat, 05 Oct 2019 06:12:12 GMT

US wants to recall 2K Tesla cars

The US National Highway Traffic Safety Administration (NHTSA) stated on Friday that Tesla should have recalled 2K Model S and Model X cars instead of doing a software update.

Sat, 05 Oct 2019 05:16:52 GMT

Ecuador unions to halt protests

Ecuadorean transport unions decided on Friday to temporarily stop protests against optimization of fuel-subsidies amid arrests of 370 people and nationwide transport collapse.

Sat, 05 Oct 2019 04:04:28 GMT

Sacklers earns $13B from OxyContin sales

The US authorities claimed on Friday that Purdue Pharma LP, the OxyContin drug producer, generated nearly $13B for the Sackler family.

Sat, 05 Oct 2019 02:51:30 GMT

Johnson plans to ask EU for Brexit delay if no divorce deal

According to government papers submitted to a Scottish Court, the UK Prime Minister Boris Johnson will request for a Brexit extension if he fails to strike a deal with the EU by October 19.

Sat, 05 Oct 2019 02:07:57 GMT

Navarro says Fed should keep cutting rates

Peter Navarro, the White House top Trade Adviser, said on Friday that the US Federal Reserve should continue cutting interest rates despite low unemployment numbers.

Fri, 04 Oct 2019 19:56:47 GMT

US stocks edge higher on Friday

Wall Street's main indexes edged higher on Friday, as data showed that the US economy added about 136,000 jobs in September.

Fri, 04 Oct 2019 18:53:01 GMT

EPA unveils plan to boost US biofuel consumptions

On Friday, the US Environmental Protection Agency announced a plan to lift the annual blending mandate for biofuels starting from 2020.

Fri, 04 Oct 2019 17:58:04 GMT

US Dollar rises on low unemployment numbers

The Dollar Index, which measures the US Dollar against a basket of foreign currencies, edged higher on Friday, as data showed that the US nonfarm payrolls increased by 136,000 jobs in September.

Fri, 04 Oct 2019 16:53:35 GMT

Navarro says Fed should keep cutting rates

Peter Navarro, the White House top Trade Adviser, said on Friday that the US Federal Reserve should continue cutting interest rates despite low unemployment numbers.

Fri, 04 Oct 2019 16:02:25 GMT

Tensions between Cyprus and Turkey grow over offshore drilling

On Friday, Tensions between Turkey and Cyprus intensified after Ankara announced that it had sent an oil and gas drilling ship to waters off southern Cyprus.

Fri, 04 Oct 2019 15:10:46 GMT

Johnson will ask EU for Brexit delay if no divorce deal

According to government documents, submitted to the Court of Session in Scotland, the UK Prime Minister Boris Johnson would ask for a Brexit extension if no deal has been agreed by October 19.

Fri, 04 Oct 2019 14:12:45 GMT

US unemployment rate drops to 3.5% in Sept

The US unemployment rate plunged to 3.5%, a nearly 50-year low, while the job growth rose moderately in September, with the retail sector continuing to cut jobs, the Labor Department reported on Friday.

Fri, 04 Oct 2019 13:17:11 GMT

US trade deficit increases in August

The US trade deficit rose 1.6% to $54.9B in August, the Commerce Department reported on Friday, as consumer goods imports skyrocketed to its record high.

Fri, 04 Oct 2019 12:20:45 GMT

T. Reuters acquires FC Business Intelligence

On Friday, Thomson Reuters Corp announced it had acquired FC Business Intelligence, the B2B event specialist, not disclosing the financial terms of the deal.

Fri, 04 Oct 2019 11:38:33 GMT

Mexcio's Interjet nearing 12 Airbus A220s acquisition

Mexico's airline Interjet is nearing a deal to acquire 12 Airbus A220 passenger aircraft, seeking for a replacement for the carrier's partly grounded Sukhoi Superjet fleet, according to Reuters.

Fri, 04 Oct 2019 09:55:48 GMT

Stocks surge during Asian session

During Friday's Asian trading, stock indices surged, as the decline of the USD caused by US ISM Non-Manufacturing PMI pushed a surge of all global stocks.

Fri, 04 Oct 2019 09:25:22 GMT

Shell's Australia chief to lead conventional oil, gas unit

Royal Dutch Shell promoted Zoe Yujnovich, the oil and gas company's Australian chief, to the executive vice president role for the global conventional oil, gas unit, starting January 1, based in the group's HQs in The Hague.

Fri, 04 Oct 2019 08:02:24 GMT

Easyjet CEO eyes Thomas Cook assets

Easyjet is considering to acquire some of Thomas Cook's assets, after the world's oldest travel firm collapsed, the carrier's CEO Johan Lundgren stated to Germany's Die Welt newspaper, emphasising that no decision has been made yet.

Fri, 04 Oct 2019 06:49:39 GMT

Tesla stock down 6% as deliveries disappoint investors

Tesla's shares plunged 6% on Thursday, as the electric car producer's quarterly deliveries disappointed Wall Street investors, with 197K vehicles delivered in total and missing the estimates for 97.477 units.

Fri, 04 Oct 2019 06:36:08 GMT

Britain's BP names Bernard Looney as new CEO

On Friday, Britain's oil major BP stated it had appointed Bernard Looney, the upstream business head, as the company's next CEO to succeed Bob Dudley, who is was set to retire in 2020 after holding his role for about a decade.

Fri, 04 Oct 2019 02:50:08 GMT

Philippines' inflation weakest in three years

Philippine yearly inflation slowed more than anticipated to 0.9% in September amid lower electricity and food costs, giving the country's Central Bank room for easing monetary policy if needed.

Fri, 04 Oct 2019 02:34:08 GMT

HP to cut 16% of workforce

The US personal computer producer HP Inc announced that it is set to cut up to 16% or 9K of its workforce within the plan aimed at diminishing costs.

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