Finance

News

Export forecasts slashed as trade body warns of volatile start to year

China on Wednesday made its first major purchases of US soybeans since President Donald Trump and his Chinese counterpart Xi Jinping struck a trade war truce earlier this month, providing some relief to USA farmers who have struggled to find buyers...

Conservative Lawmakers Begin Theresa May Confidence Vote

Earlier, the European Court of Justice gave hope to a small but growing number of MPs seeking a second referendum on Brexit , ruling that Britain was free to halt withdrawal from the bloc unilaterally. It comes days after May postponed a vote to a...

China confident of agreeing U.S. trade deal despite Trump's combative stance

But Mnuchin said, "I think there's no question the president's tariff strategy has worked". "President Xi and I want this deal to happen, and it probably will", Trump wrote on Twitter on Tuesday. "As a result we expect trade hostilities to resume i...

Workers stream out of Oshawa GM plant amid uncertainty

The charges will take place in the fourth quarter of 2018 and the first quarter of next year. Oshawa has been a car-manufacturing hub since 1907, and is the headquarters of GM Canada. "I promise you they will be back on their feet", Ford told the...

Salmonella outbreak linked to raw turkey in 35 states

If you have eaten romaine lettuce in the past week and have been ill with similar symptoms, see your doctor. Epidemiologic evidence from the United States and Canada indicates that romaine lettuce is a likely source of the outbreak.

Board committees to assist RBI

It was also agreed that the membership and terms of reference of the panel will be jointly determined by the government and the Reserve Bank of India . The government had criticised the RBI for publicly talking about the rift. Thus, on the issue of ...

Oil Gains Despite Potential Supply Glut on the Horizon

EST (1845 GMT), putting it on track for its largest one-day percentage loss since January 2016. Alongside this, much depends on not only OPEC's actions but also Russian Federation and the U.S., who are both producing at record levels, particularl...

Elon Musk out: Tesla announces new board chair

United States authorities sued Mr Musk for misleading investors and as a result Tesla and Mr Musk were each required to pay a fine of $20m. Elon Musk will remain as CEO. Most commenters approve of Tesla's decision though there are a few upset b...

Oil under pressure from rising output, but Iran sanctions loom

Prices were pressured as US inventories were expected to rise for a sixth straight week as other top producers Saudi Arabia and Russian Federation signaled potential output increases. As sanctions take effect, buyers for Iran's crude will dry up. "...

Fake Moon Over Chengdu Shows Why China Is Billionaire Powerhouse

The report forecast that, driven by China, billionaires in Asia-Pacific will be wealthier than their American counterparts within three years. Over the past five years, the sum passed by deceased billionaires to beneficiaries has grown by an avera...

Musk confirms Tesla Model 3 in Australia, UK by mid 2019

In order to improve upon costs, Tesla offered customers a mid-size range version of the Model 3 which started at Dollars 46,000. Some analysts on Wall Street even stated that they did not see a need for Tesla to raise capital in short term in ord...

No Mega Millions victor, but $1M ticket sold in Arizona over weekend

Fifteen tickets matched five numbers for second-tier prizes of at least $1 million. The drawing is on Tuesday night in the United States. "I think when these things are separated by years, as they seem to be, they take on a life of their own".

Elon Musk’s 150mph 'Loop' tunnel system to open in December

The first tunnel, under Hawthorne in the Los Angeles area, is nearly done and will open on December 10, Musk said. Musk, a space entrepreneur and electric-car pioneer, has pledged to complete the test tunnel by the end of the year. Musk previou...

Trump says Saudi prince vows 'full' probe into missing journalist

Pompeo told journalists before leaving Riyadh on Wednesday that Saudi leaders, including King Salman and his son, the 33-year-old Crown Prince Mohammed bin Salman , "made no exceptions on who they would hold accountable". Turkish investigators wer...

Trump says 'rogue killers' may be behind Saudi journalist's disappearance

A still image taken from CCTV video and obtained by TRT World claims to show Saudi journalist Jamal Khashoggi as he arrives at Saudi Arabia's consulate in Istanbul , Turkey on October 2, 2018. "I don't think any of our government officials s...

Pressured over missing writer, Saudi Arabia lashes out

More major players in global finance and industry are pulling out of a high-profile business conference in Saudi Arabia in the wake of reports that a Saudi writer critical of the government disappeared and is feared dead after entering a Saudi consul...

Trump steps up his attacks on Federal Reserve's rate hikes

In Australia, the benchmark S&P/ASX200 index closed down 2.74 percent. It has fallen almost 5 percent from its all-time closing high on September 20. The S&P 500 posted its fifth straight decline, plummeting almost 3.3%. Chinese representatives s...

FortisBC asks customers to reduce gas use after pipeline rupture

A larger, 36-inch line that ruptured Tuesday remains out of service with no timeframe for fix, which is limiting the supply of natural gas in the north, southwestern B.C., and Vancouver Island. Investigators will also secure and remove the pipeline w...

May to hold Brexit War Cabinet to agree backstop plan

Commenting on the Irish backstop, Barnier said the EU's plan to keep Northern Ireland in the Single Market and customs union would help keep the border invisible - a goal of both sets of negotiators. Speaking about the agriculture bill vote, Mr Wilso...

Maharashtra government to cut diesel prices by Rs 1.50 per litre

After the minister's announcement, Jharkhand, Gujarat, Chhattisgarh and Maharashtra too announced a reduction in fuel prices . Finally, after an unhindered rally of fuel prices, the government has announced a tax-cut to compensate for the increase...

Amazon Raising Minimum Wage For US Workers To $15 Per Hour

Doug Gurr, Amazon vice-president and UK Country Manager, said: "We're excited to announce we are raising our minimum wage for employees from November 1". In 2017 , the average Amazon employee made $30,000. The company's leadership hailed the m...

Tit-for-tat tariffs by U.S., China go into effect

On Monday, the Chinese government accused the Trump administration in a report of "trade bullyism" and of preaching " economic hegemony ". Rob Carnell, ING's chief Asia economist, said in a note to clients that in the absence of any incentives Beij...

No more phoney war after Trump's attack

Sohn said he thinks that China will retaliate against every USA tariff and that the back-and-forth sparring will escalate until the U.S.is taxing all Chinese imports - $524 billion past year. "They also know that I am the one that knows how to stop i...

Fox Business' Charles Gasparino Calls Out Trump's GDP Lie

Gasparino responded with a mix of snark and anger. Listening to Council of Economic Advisers Chairman Kevin Hassett discuss the effects of the Trump administration's tax, regulatory and economic policies, one might infer that rationality reigns i...

China's exports, imports slowed sharply in August

If the administration follows through with this latest round, tariffs would apply to a total of $517 billion of imports from China. The US imported $505 billion in goods from China previous year. Trump has had Beijing in his crosshairs since he took ...

U.S. police arrest China shopping giant's CEO over misconduct claims

Elder declined to provide details about the allegations but said authorities are not overly concerned about Liu leaving the country. But, contrary to the company's statement , Minneapolis police have not actually cleared Liu of wrongdoing and ha...

NAFTA breakthrough seems imminent after fractious talks

He announced the progress from the Oval Office, with Mexican president Pena Nieto joining in on speakerphone. United States and Mexican negotiators have been working for weeks to iron out differences in order to revise the almost 25-year old North...

Verizon lifts data speed caps for first responders

This was right in the middle of the department's response to a wildfire, said department chief Anthony Bowden, in an official declaration. The revelations, which were first reported by Ars Technica , are buried in an addendum to a brief filed in s...

Manhattan DA Considering Criminal Charges Against Trump Organization: NY Times

On Tuesday, Cohen pleaded guilty to eight felonies, including two counts related to hush money to women who alleged affairs with Trump. Two executives at American Media Inc, which publishes the National Enquirer , a tabloid reportedly involved i...

U.S. Stocks Rise as Trade Angst Ebbs; Dollar Falls: Markets Wrap

Atlanta Fed President Raphael Bostic said on Monday he was maintaining his expectation for one more interest rate hike this year, as trade tensions and worldwide events add some downside risk to an otherwise strong USA outlook. "And I think the e...

Turkey Will Respond If Us Imposes More Sanctions: Minister

Turkey's battered lira weakened 5 percent on Friday after a Turkish court rejected a U.S. Christian pastor's appeal for release, a day after the United States warned of further sanctions unless Ankara hands over the detained minister.

Goldman, Silver Lake Advice Tesla On Going Private Plan

The board had confirmed earlier this month that it had "met several times over the last week" to discuss going private. A week later Musk tweeted, "Am considering taking Tesla private at $420". Then on Tuesday, the Tesla board said it wasn't clea...

Commercial airliner is 'hijacked from Seattle-Tacoma Airport', say reports

The man who stole the plane , Richard Russell , is presumed dead in the wreckage. An unauthorized person reportedly took control of a jet Friday evening and took off from Seattle-Tacoma International Airport in Waqshington state, though authori...

Turkish Lira Falls As Trump Doubles Metals Tariffs

The two countries had failed to agree on a deal to free an American pastor charged with espionage in Turkey . Turkey's central bank said on August 13 that it would provide liquidity and cut reserve requirements for Turkish banks to stop the slide ...

Companies defy EU's ban to adopt USA sanctions on Iran

Trump said Tuesday that anyone doing business with Iran will not be allowed to maintain business ties with the United States. Iran's president Hassan Rouhani has threatened to shut down the strait in response to sanctions re-imposed on the Irania...

China threatens tariffs on $60 billion in USA goods

These taxes come as similar levies on agricultural goods have been imposed by the European Union, Canada and Mexico in retaliation to Mr Trump's tariffs on steel and aluminium. By comparison, companies in America sold £100bn ($130bn) of goods to Chin...

New York state revokes approval of Charter-Time Warner Cable deal

Under that agreement, the state allowed Charter to acquire Time Warner , making it the second-largest cable operator in the country, if the company agreed to upgrade or expand its broadband services in sparsely populated areas. Charter will undoubte...

Have Facebook and Twitter Stocks Become Attractive?

Twitter's aggressive moves to clean up the platform had not detracted from its advertising revenue, said the social network's chief financial officer, Ned Segal, during a conference call. Long criticized for allowing bad behavior to run rampant on i...

Facebook stock falls 24 percent following report of slow user growth

The social media company has contended for years with criticism about its content policies, its failure to safeguard private data and its changing rules for advertisers. The owner of the world's largest paid online TV network reported slower subscrib...

US Treasury Secretary denies any chance or a currency war

The dollar index is so far up 2.4 percent this year. The dollar index went as deep as 94.207 on Monday, the lowest in more than two weeks. The Chinese Foreign Ministry also said that threats and intimidation on trade would never work on China, afte...

Search

Breaking News

Pressured over missing writer, Saudi Arabia lashes out

More major players in global finance and industry are pulling out of a high-profile business conference in Saudi Arabia in the wake of reports that a Saudi writer critical of the ...

FortisBC asks customers to reduce gas use after pipeline rupture

A larger, 36-inch line that ruptured Tuesday remains out of service with no timeframe for fix , which is limiting the supply of natural gas in the north, southwestern B.C., and Van...

Trump steps up his attacks on Federal Reserve's rate hikes

In Australia, the benchmark S&P/ASX200 index closed down 2.74 percent. It has fallen almost 5 percent from its all-time closing high on September 20. Chinese representatives said...

May to hold Brexit War Cabinet to agree backstop plan

Commenting on the Irish backstop, Barnier said the EU's plan to keep Northern Ireland in the Single Market and customs union would help keep the border invisible - a goal of both s...

Maharashtra government to cut diesel prices by Rs 1.50 per litre

After the minister's announcement, Jharkhand, Gujarat, Chhattisgarh and Maharashtra too announced a reduction in fuel prices . Finally, after an unhindered rally of fuel prices,...

Amazon Raising Minimum Wage For US Workers To $15 Per Hour

Doug Gurr, Amazon vice-president and UK Country Manager, said: "We're excited to announce we are raising our minimum wage for employees from November 1". In 2017 , the average ...

Tit-for-tat tariffs by U.S., China go into effect

On Monday, the Chinese government accused the Trump administration in a report of "trade bullyism" and of preaching " economic hegemony ". Rob Carnell, ING's chief Asia economist...

No more phoney war after Trump's attack

Sohn said he thinks that China will retaliate against every USA tariff and that the back-and-forth sparring will escalate until the U.S.is taxing all Chinese imports - $524 billio...

Fox Business' Charles Gasparino Calls Out Trump's GDP Lie

Gasparino responded with a mix of snark and anger. Listening to Council of Economic Advisers Chairman Kevin Hassett discuss the effects of the Trump administration's tax, regul...

China's exports, imports slowed sharply in August

If the administration follows through with this latest round, tariffs would apply to a total of $517 billion of imports from China. The US imported $505 billion in goods from China...

Special Reports

U.S. police arrest China shopping giant's CEO over misconduct claims

U.S. police arrest China shopping giant's CEO over misconduct claims

Elder declined to provide details about the allegations but said authorities are not overly concerned about Liu leaving the country. But, contrary to the company's statement ,...

NAFTA breakthrough seems imminent after fractious talks

NAFTA breakthrough seems imminent after fractious talks

He announced the progress from the Oval Office, with Mexican president Pena Nieto joining in on speakerphone. United States and Mexican negotiators have been working for weeks t...

Verizon lifts data speed caps for first responders

Verizon lifts data speed caps for first responders

This was right in the middle of the department's response to a wildfire, said department chief Anthony Bowden, in an official declaration. The revelations, which were first repor...

Manhattan DA Considering Criminal Charges Against Trump Organization: NY Times

Manhattan DA Considering Criminal Charges Against Trump Organization: NY Times

On Tuesday, Cohen pleaded guilty to eight felonies, including two counts related to hush money to women who alleged affairs with Trump. Two executives at American Media Inc, wh...

U.S. Stocks Rise as Trade Angst Ebbs; Dollar Falls: Markets Wrap

U.S. Stocks Rise as Trade Angst Ebbs; Dollar Falls: Markets Wrap

Atlanta Fed President Raphael Bostic said on Monday he was maintaining his expectation for one more interest rate hike this year, as trade tensions and worldwide events add so...