Financial news

19.11.2019 14:01:14

Oil prices drop, market anxious about slow progress in U.S.-China trade talks

U.S. oil prices dropped for two days in a row while the market is anxious on the doubted prospects of a trade deal between the U.S. and China. Trade talks between the two countries have resulted to limited progress as U.S. inventories continually ...
19.11.2019 14:01:13

Tata Steel to cut 3,000 jobs across Europe as crisis bites

Tata Steel to cut 3,000 jobs across Europe as crisis bites Tata Steel Ltd. had revealed plans to cut about 3,000 jobs across its European facilities to cut costs following the latest blow to the regions industry. According to the company’s ...
19.11.2019 13:00:29

New Zealand broadens powers to block foreign investment on security grounds

New Zealand broadens powers to block foreign investment on security grounds New Zealand said on Tuesday that it would widen government powers to block foreign investment on national security grounds and ramp up oversight of strategically important ...
19.11.2019 13:00:29

Boris Johnson puts corporate tax cut on hold, primes health advocacy to woo voters

Prime Minister of Britain Boris Johnson bared on Monday he was putting on hold corporate tax cuts and told voters he would spend for health plans. This move is in light of the Dec. 12 election to woo voters by saying that he would reverse ...
19.11.2019 13:00:29

TOKYO SHARES INCH LOWER FROM EXPORTERS’ PRESSURE OVER FIRMER YEN

TOKYO-Japanese stock benchmark Nikkei underperformed on Tuesday brought heavily by ambiguity in US-China trade negotiations and exporters’ anxiety from yen’s performance against dollar.   The Nikkei share plunged down with ...
19.11.2019 13:00:29

Indian shares soar; bank, telecom stocks earn

NOV 19- Indian shares soared on Tuesday boosted by banking and telecom stocks. This followed after two major mobile network service providers disclosed their scheme of increasing tariffs this coming December. The NSE Nifty 50 index inched ...
19.11.2019 13:00:29

Union raises funds to assist U.S. diplomats pay legal bills for testimony against Trump

The Union of U.S. diplomat representatives has raised money amounting to tens of thousands of dollars to pay for the legal costs of the testimonies of foreign service officers in the impeachment inquiry of President Donald Trump. The American ...
18.11.2019 14:00:19

Boris Johnson vows to end Brexit uncertainty

Boris Johnson and the rest of the Conservative Party of the British government are poised to get Brexit done to finally end its uncertainty that compromised the economy. This shall be made possible once they get re-elected in December. The ...
18.11.2019 14:00:18

Gold prices drop as the U.S. and China close in on trade deal

Gold prices drop as the U.S. and China close in on trade deal Gold prices fell on Monday after speculation spread that Washington and Beijing would soon sign a partial trade deal. Gold Futures for December delivery inched down 0.2% to $1,466.25by ...
18.11.2019 14:00:18

Yuan climbs as China’s central bank cuts key liquidity rate

Yuan climbs as China’s central bank cuts key liquidity rate The Chinese Yuan inched up on Monday in Asia after the People’s Bank of China (PBOC) had cut a key liquidity rate for the first time since 2015. The major USD/CNY pair ...
18.11.2019 14:00:18

SoftBank to merge Yahoo Japan with Line Corp in plan to create $30 billion tech giant

Japan’s SoftBank Corp is set to merge its internet unit Yahoo Japan with messaging app operator Line Corp in a plan to create a $30 billion tech giant. SoftBank is currently merging with struggling companies to stick up to other tech ...
18.11.2019 14:00:18

TYRO PAYMENTS TO RAISE $173 MILLION FOR AUSTRALIAN IPO

Australian financial institution, Tyro Payments released a prospectus on Monday planning to raise A$252.7 million ($173.23 million) for domestic initial public offering (IPO). Tyro’s scheme will push through even though six listings ...
18.11.2019 14:00:18

Oil prices edge up as investors await news on US-China talks

Oil prices inched higher on Monday, following steady gains from previous week as investors await further news on the trade talks between US and China. Concerns over increasing oil supplies, possibly developing into a supply glut, were shrugged. Brent ...
15.11.2019 11:00:32

Central Bank of China adds 200 billion yuan to beef up liquidity, retains interest rates

The Chinese central bank supplied 200 Billion Yuan ($28.60 bBillion) through its medium-term lending facility on Friday. It is the central bank’s move to (second time this year) beef up economic activity while keeping interest rates ...
15.11.2019 11:00:32

EUROPEAN SHARES UNDERPERFORM DUE TO DAIMLER WARNING, WEAK ECONOMIC RECORDS

European shares recorded a weak ended session as warnings from German carmaker Daimler and frail economic data from major economies contributed tension to a global slowdown concern. The pan-European STOXX 600 index inched lower with 0.3% with ...
15.11.2019 11:00:32

US and China getting close to a trade deal, says White House economic adviser

The United States and China are getting close to a trade deal, said White House economic adviser Larry Kudlow. He added that the two parties were having very constructive talks to put an end to the 16-month trade war. Trade negotiators of ...
15.11.2019 11:00:31

Jumbo Interactive jumps 192% this year as online lottery tickets reach peak popularity

Jumbo Interactive jumps 192% this year as online lottery tickets reach peak popularity Australian digital reseller Jumbo Interactive Ltd jumped up 192% this year as online purchases of online lottery tickets increased, Bloomberg said in a ...
15.11.2019 11:00:31

Alibaba calls Hong Kong’s future “bright” as retail campaign for $13 billion listing starts

Alibaba kicked off its retail campaign for its secondary listing in Hong Kong for $13 Billion. Chairman Daniel Zhang said that Hong Kong’s “future is bright” despite recession and escalating protests in the city. The e-commerce ...
15.11.2019 09:00:39

Thailand’s economy expected to post muted recovery

Thailand’s economy expected to post muted recovery Thailand’s economic expansion is expected to recover modestly in the third quarter from the slowest pace in almost five years which was weighed down by a strong local currency. GDP ...
15.11.2019 09:00:39

GERMANY’S 2020 BUDGET TO INCREASE BY 1.1%

BERLIN-Germany’s annual federal budget for 2020 will increase to an estimated 362 billion euros, according to a draft submitted by a parliament committee on Friday. This presented a total of 1.1% rise and an indication of a balanced ...
15.11.2019 06:00:23

BRITAIN WARNS EU CITIZENS OVER BREXIT RESIDENCY DEADLINE

LONDON-Britain warned that European citizens who fail to apply for Brexit’s new immigration status before deadline will be deported. In line with this, citizens who met listed exemptions will qualify for leniency. The government was ...
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