Accounting & Finance Updates

Chicago, June 25 (IANS) Gold futures on the COMEX division of the New York Mercantile Exchange advanced sharply on Friday as Britain voted to exit the 28-nation European Union (EU).

​Lisbon, June 24 (IANS) Portugal's stock market fell to 20-year-lows in early trading Friday as a reaction to the UK's referendum decision to leave the European Union (EU).

The PSI-20 principal index fell close to 11 per cent to 4.17 points in early trading, its lowest level since January 1996, EFE news reported.

​Tokyo, June 20 (IANS) Japan recorded a 40.7 billion yen ($388 million) trade deficit in May, the first deficit since the beginning of 2016, the government said on Monday.

The latest figure contrasts with the 823.2 million yen ($7 million) surplus in April, EFE news reported.

Paris, June 17 (IANS) France's economic growth is expected to accelerate to 1.6 per cent this year, The National Institute of Statistics and Economic Studies (Insee) has said.

Insee in a report said it expects the country's jobless claims to fall too due to improving investment and household expenditure, Xinhua news agency reported.

Paris, June 15 (IANS) Prices in France rose 0.4 per cent in May, mainly because of fresh food and oil prices that contributed to getting inflation out of negative territory and reaching zero per cent, the National Statistics Institute announced on Wednesday.

Beijing, June 14 (IANS) Encouraging data points to stabilisation of China's economy but challenges ranging from tepid private investment to sluggish global economy suggest a strong recovery is unlikely.

​Beijing, June 1 (IANS) SoftBank on Wednesday announced it will sell a four per cent stake in Alibaba Group in a sale that will see it dispose of shares in the Chinese e-commerce giant for the first time since it invested in 2000.

​London, May 29 (IANS) The economic crisis of 2008-10 and the rise in unemployment that accompanied it led to dramatic rise in cancer-related deaths, says a study.

The recent global economic crisis was linked with more than 260,000 excess cancer deaths among the 35 member states of the Organisation for Economic Development (OECD)

​New York, May 27 (IANS) A new method developed by two Indian-origin engineers can provide important insights into how exactly a machine-learning algorithm comes to a decision to either accept or reject your loan application - something that usually remains a mystery.

Phnom Penh, May 20 (IANS) The World Bank has approved $130 million worth of fresh loans to Cambodia following a five-year freeze sparked by the forced evictions of a Phnom Penh community.