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Archive for the December 30, 2017

    • News Desk
    • Dec 30th, 2017
    • Comments Off on Watchdog slams Lufthansa over ‘algorithm’ price hikes

    Germany's competition watchdog on Thursday rubbished Lufthansa's claim that recent price hikes on domestic routes were purely down to automated booking software, saying companies shouldn't "hide behind algorithms". Germany's Federal Cartel Office (FCO) is currently

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    • News Desk
    • Dec 30th, 2017
    • Comments Off on US, South Korea to hold trade talks next week

    US and South Korean delegates will meet in Washington on January 5 for talks on possible amendments to their free trade agreement, officials announced Thursday. The Trump administration initiated talks to renegotiate the United States-Korea

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  • Thailand's annual industrial output rose more than expected in November, after falling in the previous month, on higher production of cars, engines and rubber products. The manufacturing production index (MPI) in November rose 4.23 percent

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    • News Desk
    • Dec 30th, 2017
    • Comments Off on Nintendo eyes 20 millions Switch sales

    Nintendo is expecting to sell more than 20 million of its new "Switch" consoles in the next fiscal year, the firm's president said, with sales outpacing its smash-hit Wii console in some places. Tatsumi Kimishima

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    • News Desk
    • Dec 30th, 2017
    • Comments Off on Sudan, Saudi Arabia to restore banking ties

    Sudan and Saudi Arabia have agreed to re-establish banking relations, the official Sudanese news agency SUNA said, a move that may help restore confidence in Sudan's economy after the lifting of US economic sanctions. The

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    • News Desk
    • Dec 30th, 2017
    • Comments Off on UK firms see Q4 pickup, expect slowdown in early 2018: CBI

    British businesses reported a pickup in growth in the three months to December but they expect a slowdown in early 2018 as high inflation takes its toll on households, the Confederation of British Industry said

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    • News Desk
    • Dec 30th, 2017
    • Comments Off on Indian shares post biggest yearly gain since 2014

    Indian shares ended higher on Friday, posting their biggest yearly gain in three, as strong foreign fund inflows, hopes of an improving economy and higher corporate earnings boosted investor confidence. The BSE index rose 0.62

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    • News Desk
    • Dec 30th, 2017
    • Comments Off on Nikkei index recovers to quarter-century high in 2017

    Tokyo's benchmark Nikkei index ended Friday fractionally lower but finished the year at a quarter-century high thanks to record rallies on Wall Street and brisk results from Japan Inc. The bellwether index surged 19.1 percent

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    • News Desk
    • Dec 30th, 2017
    • Comments Off on Friday’s early afternoon trade: technology, financial stocks down

    Losses in technology and financial stocks weighed on Wall Street on the last trading day of 2017, in what has been a banner year for US shares. Major indexes hit a series of record highs

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    • News Desk
    • Dec 30th, 2017
    • Comments Off on Wall Street rises as financials, tech advance

    US stocks edged higher in light trading on Thursday, buoyed by gains in financial stocks and as technology stocks continued to slowly recover from a losing skid. Tech stocks added 0.1 percent and notched their

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