Global Economy

25 minutes ago Spotify CEO to sell $2bn worth of company shares
The CEO of Spotify Technology, Daniel Ek, is set to sell 15.8 million shares of the company
2 hours ago SalesForce set to acquire $6bn MuleSoft
SalesForce is in advanced talks to acquire MuleSoft as early as next week
2 hours ago Natural gas settles near three-week low
Natural gas futures remained nearly unchanged on Tuesday
2 hours ago Oil prices hit three-week high
Oil prices ended Tuesday near its highest level in three weeks
2 hours ago Gold down as USD recovers, Fed rate hike looms
Gold prices ended Tuesday session on a decline as pressures mount with the recovery of the US dollar, one day before the Federal Reserve meeting
20 March 07:46 PM Shale oil output to hit its peak in 10 yrs-BHP
BHP Billiton forecasted that shale oil production would reach its peak by a little more than a decade
20 March 06:36 PM Euro zone’s consumer confidence remains unchanged
Consumer confidence remained stable in Euro zone in March, as shown by the data released by the European Commission
20 March 05:30 PM Congress faces tight deadline to avoid another shutdown
The United States Congress is trying to pass a $1.2 trillion bill to fund the federal government until the end of September
20 March 05:21 PM UK authorities summon Facebook’s Zuckerberg for evidence of privacy scandal
UK lawmakers on Tuesday summoned Facebook founder and CEO Mark Zuckerberg and requested him to provide evidence on the company's security crisis
20 March 04:27 PM Uber stops driverless car tests in US after fatal accident
Uber announced the suspension of self-driving car tests in the US after one of its cars hit a woman
20 March 03:53 PM Police investigate ex-French President over Gaddafi funding
French police are investigating former President Nicolas Sarkozy on claims that his presidential campaign was financed by ex-Libyan President Muammar Gaddafi
20 March 03:19 PM US Congress bill threatens call centre jobs in India, ME
US Congress introduced a legislation that allows customers to ask about the call centre agents' locations
20 March 02:20 PM Facebook shares slump after privacy scandal, Zuckerberg wealth falls $5bn
Facebook shares retreated sharply following a recent security crisis
20 March 01:24 PM German economic confidence falls sharply in March
Germany's economic sentiment worsened more than expected in March
20 March 01:00 PM UK inflation cools more than forecast in February
UK consumer prices eased more than expected in February
20 March 12:18 PM Oil prices jump amid weak dollar, concerns over ME issues
Oil prices turned higher on Tuesday driven by a declining US dollar
19 March 07:04 PM GBP rises on 2-yr Brexit transition deal with EU
The GBP rose against the dollar on Monday after the EU and the UK reached an agreement regarding a transitional period for Brexit
19 March 05:53 PM India to get cheap desalinated water soon – Minister
India has announced that it will start water desalination from seas during the coming period
19 March 05:29 PM Micro Focus plunges 55% on HP’s EUR 6.8bn mega-deal                            
Micro Focus’ stock dropped 55% on the London Stock Exchange (LSE) after its HP acquisition
19 March 04:20 PM Euro area trade surplus falls in January
The Euro area’s trade balance surplus fell to EUR 19.9 billion in January
19 March 02:04 PM China central bank names new chief
The People’s Bank of China announced the appointment of a new governor
19 March 01:09 PM Putin wins overwhelming majority in reelection
Vladimir Putin saw a landslide victory in the Russian presidential elections, preliminary results showed.
19 March 12:59 PM Oil prices fall as US activity weighs
Oil prices commenced the week on a low note, coinciding with higher drilling activities for crude oil in the US
19 March 12:31 PM US trade associations urge Trump to halt tariffs against China
The associations called Trump to work with other nations to propel Beijing to end restrictions on foreign firms.
19 March 11:55 AM UK investment firm buys 5.2% stake in Barclays
Activist shareholder Sherborne Investors has acquired a 5.2% stake in Barclays PLC