Wall St. treads water after mixed bank earnings
On Tuesday, all three key indexes of Wall St. had shown little response following mixed earnings of major US lenders, while share prices of major banks had been swaying between greens and reds
Article List
Vodafone misleads customers over digital purchases: Australian Watchdog
On Tuesday, the competition watchdog of Australia said that Vodafone Australia, a subsidiary of Vodafone Plc., had acknowledged that it misled thousands of Australian customers for five years by charging them extra for digital content
US misled people, said China need trade deal due to slow economy: Beijing
On Tuesday, the 16th of July 2019, aggravating a growing acrimony, Foreign Ministry of China said that it was misleading of United States to suggest that Beijing required a trade deal to avert shortcomings of its slowing economy
Experian’s quarterly revenue rises 4% on North America boost
On Tuesday morning, Experian Plc., the Irish consumer credit reporting company, headquartered in Dublin, Ireland, widely viewed as the biggest data credit company in the world, had reported a 4 percent climb in its quarterly revenue
Tesla drops cheaper Model X, S variants, slashes prices to simplify lineups
On Tuesday, the 16th of July 2019, the California-based electric vehicle maker, headquartered in Palo Alto, had issued a statement saying that it had adjusted prices across almost all of its models
Bayer shares up 2.54% after US Roundup verdict
Shares prices of Bayer AG rose as much as 2.54 percent in pre-market trading to 59.83 euro per share on Tuesday after a US judge had trimmed punitive damages awarded to a California plaintiff
China June industrial output beats forecast; coal output hits record high
On Monday, data released from China’s commerce department had revealed that the tariff-war-struck nation’s industrial output had grown 6.3 percent last month on a year-on-year basis, leaning towards a stabilization after May’s 17-year low figure
Trump says sluggish Chinese growth pressuring Xi on trade
On Monday, the 15th of July 2019, US President Donald Trump said that US tariffs had started to take a death toll on Chinese economy and pressurize Beijing’s stance on trade
PSA sales nosedive on emerging-market mishaps
On Monday, the 15th of July 2019, Groupe PSA, had issued a statement saying that Peugeot-maker’s sales had dropped by 12.8 percent during the first half of the year
China data soothes global markets, Wall St. braces for new earnings season
On Monday, the 15th of July 2019, an upbeat economic resonance out of China which came out of the blue and surprised analysts and economists all over the world, had lifted the global shares to an 18-month-high
Crude oil rises on upbeat China industrial data, retail sales
On Monday, the 15th of July 2019, crude oil future prices added to gains following reveal of an upbeat factory and retail sales data in China, though gains were capped by concerns of slowdown risk amid a protracted trade war
US to bar big tech companies from offering financial service, crypto
A proposal to large technology companies from operating as a financial institution or digital currency issuer had been breezing through the House of Financial Services Committee, led by the Democratic majority
Bitcoin drops more than 10% as cryptocurrency criticisms creeping
Over the last weekend, the original cryptocurrency, Bitcoin was slumped more than 10 percent to a two-week low after gaining more than 30 percent later last month
Indian stock markets surge as Infosys posts significant gains
The shares of Infosys soared by 7.2% on Monday when markets re-opened after their weekly weekend closing
China’s Xiaomi rolls out chip industry revamp with semiconductor investment
China’s Xiaomi Corp., world’s third-largest smartphone vendor, behind South Korea’s Samsung Electronics and China’s Huawei Technologies, had agreed to purchase a six percent stake on chip designer VeriSilicon Holdings
US firms may receive go-ahead signal for Huawei sales in 2-4 weeks
Office of United States Trade Representative (USTR) might start-off approving licenses for China’s tech tycoon Huawei’s US suppliers as little as in two to four weeks, a senior US official said on Sunday
China Q2 GDP growth hits 27-year low as trade war stings
On Monday, the 15th of July 2019, data released by the Chinese commerce department during early Asian trading hours had displayed that economic growth of China had grown by 6.2 percent during the second quarter
Indian corporate sector sees slump in growth projections
The privatised sector's companies' forecasts fell down to more than 15%, a near three-year-low
Alleged Taliban threat forces Afghan radio channel to shut shop
Samaa used to operate out of Ghazini which is majorly controlled by the Taliban
India aims to raise $47 billion in privatization push over next 5 years
On Friday, the 12th of July 2019, two senior Indian government officials said to a press agency that the Government of India had been planning to raise as little as $47.4 billion (3.25 trillion Indian rupees) over the next five years
China soybean import shrank sharply on trade war, deadly pig swine fever
On Friday, the 12th of July 2019, China customs’ data had revealed that the nation’s soybean import was curbed by more than eleven percent in June from a month earlier
Cuba hopes for growth as Trump dreams to drown the Caribbean island
On Saturday, Cuban president Miguel Diaz-Canel had put on a valorous show asserting that the communist government of Cuba would not allow Trump administration to further fuel up the nation’s financial crisis
India’s e-commerce rules regressive, Walmart neighs to US government
US-based retailing industry giant, had sent a formal complaint to US government on last January saying that India’s new e-commerce rules were very regressive
Airbus aims to sell 1,000 planes in Latin America, Caribbean over 15yrs
World’s second biggest aerospace and defense company, Airbus SE, behind United States’ Boeing Co., headquartered in Leiden, Netherland, had been targeting to sell more than 1,000 new passenger planes over the next one decade and a half
US producer prices soar modestly, inflation timid
On Friday, the 12th of July 2019, data released by US Labor Department had revealed that US producer prices had witnessed a slight upsurge for second straight months in June
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