Business

China surprises with best export growth since March, but imports remain weak

China surprises with best export growth since March, but imports remain weak The United States raised tariffs on a large number of Chinese goods in May, after trade negotiations broke down, and Beijing retaliated. But central bank governor Yi Gang later said China would not engage in "competitive devaluations". "Chinese private buyers are not going to be making any USA purchases with a government ban in place", said Dan Basse, president of AgResource Co. They came on top... [Full Article...]

Chinese Exports Rise In July

Chinese Exports Rise In July China recorded a trade surplus of $45.06bn last month, down from $50.98bn in June. As trade tensions continue to rise between the United States and China, White House economic adviser Larry Kudlow thinks the US has the upper hand in negotiations based comparing the world's two largest economies. [Full Article...]

Trump says it's 'fine' if September China talks are cancelled

Trump says it's 'fine' if September China talks are cancelled They've had the worst year that they've had in many, many decades and it's getting only worse. China's rare earth producers say they're ready to weaponize supply, and pass any costs directly on to USA consumers, as reported by the South China Morning Post (SCMP). [Full Article...]

United Kingdom trade delegation eyes post-Brexit deal with Trump

United Kingdom trade delegation eyes post-Brexit deal with Trump President Trump had told reporters after his first conversation with new Prime Minister Boris Johnson that a trade deal with post-Brexit Britain could be "three to four, five times" bigger than it is now. In a brief statement, Mr Raab said: "I was delighted to meet the president and the vice president on my first visit to Washington as Foreign Secretary". [Full Article...]

Dow makes up losses after a stomach-churning morning plunged market down

Dow makes up losses after a stomach-churning morning plunged market down The news pushed the S&P 500 to its worst weekly performance of the year dropping 3.1 percent last week with the Dow seeing its second largest weekly fall of 2019 last week at 2.6 percent. Technology stocks, which bore the brunt of Monday's sell-off, accounted for a big share of the market's gains Tuesday. The firm previously forecast gold would rise to $1,475 over that period. [Full Article...]

Risk of no-deal Brexit is growing - Donohoe

Risk of no-deal Brexit is growing - Donohoe No further details of the meeting with Mr Trump were immediately available. Mr Raab said today: 'We appreciate the President's warmth and enthusiasm for the UK-US relationship. The Irish economy is considered the most vulnerable among remaining European Union members to Brexit and Ireland faces a 12-fold rise in the number of import and export declarations made by local companies in the event ... [Full Article...]

WTI slumps to 8-week lows below $52 after EIA data

WTI slumps to 8-week lows below $52 after EIA data Oil prices fell despite U.S. President Donald Trump signing an executive order, declaring a total economic embargo against Venezuela, prohibiting transactions with the country, unless specifically exempted. Financial markets across the globe were hammered over the past week after U.S. President Donald Trump on August 1 threatened to impose 10% tariffs on another $300 billion in goods from Chi... [Full Article...]

FedEx to end ground delivery business with Amazon

FedEx to end ground delivery business with Amazon The shipping companies later made adjustments to improve operations, including implementing new restrictions for large retailers such as Amazon. Just as traditional media companies were all too happy to pad sliding DVD sales with licensing fees from Netflix Inc. [Full Article...]

Walmart Doesn't Intend to Limit Gun, Ammo Sales After Shooting

Walmart Doesn't Intend to Limit Gun, Ammo Sales After Shooting At the time, Walmart attributed its decision to sluggish demand for the guns, rather than politics. Some critics have suggested that Walmart stop selling guns entirely, but you can use your influence over gun makers for good. "We're praying for the victims, the community & our associates, as well as the first responders", the statement said. "We have evolved how we are dealing with different... [Full Article...]

New Zealand's central bank stuns markets with 50-bp rate cut

New Zealand's central bank stuns markets with 50-bp rate cut The cut of half a percentage point by the Reserve Bank was a surprise, with most economists forecasting a rate cut of 0.25%. However, he added the hefty 50 basis-point cut, which caught markets off-guard, reduced the possibility of having to use negative interest rates as it would stimulate the economy . [Full Article...]

Admitting slowdown, RBI lowers growth forecast to 6.9 percent

Admitting slowdown, RBI lowers growth forecast to 6.9 percent The reverse repo rate under the LAF (liquidity adjustment facility) has been reduced to 5.15 per cent from earlier 5.50 per cent, and the marginal standing facility (MSF) rate and the bank rate has been reduced to 6.0 per cent. This is the fourth straight cut by the central bank's monetary policy committee (MPC) in 2019. The RBI noted that global economic activity has slowed down since the previ... [Full Article...]

Disney earnings miss forecasts as costs rise for its streaming future

Disney earnings miss forecasts as costs rise for its streaming future And when we say "just" Disney , we mean Marvel , Star Wars , Pixar so just the stand-alone app is already worth it. Disney's quarter running from the end of March to the end of June was dominated by "Endgame", the beginning of a storyline that had the top characters in Marvel's film fighting with Thanos, a space-like god-like creature that intends to ruin half of all life throughout the u... [Full Article...]

As Tensions with China Escalate, Stock Market Plunges 767 Points

As Tensions with China Escalate, Stock Market Plunges 767 Points The index had been down 2% during the heaviest bout of selling. The U.S. has lengthy complained in regards to the weak point of China's foreign money, and Monday's drop introduced the yuan previous a stage that merchants noticed as an necessary psychological benchmark, at seven per $1. [Full Article...]

Currency wars: how does China benefit - and can the United States strike back?

Currency wars: how does China benefit - and can the United States strike back? Trump lashed out Monday, accusing China of using currency manipulation to "steal our business and factories, hurt our jobs, depress our workers' wages and harm our farmers' prices". The escalation of the trade war, sparked by fresh USA tariff threats, is seen to have prompted the policy shift. The latest US move came less than three weeks after the International Monetary Fund (IMF) said the yu... [Full Article...]

British Airways flight evacuated after smoke filled cabin

British Airways flight evacuated after smoke filled cabin A statement from the airline said flight BA422 had "experienced a technical issue on its landing approach into Valencia ". BA has apologised to passengers on board the aircraft, an Airbus A321. Several passengers, including Lucy Brown and Dani MeroƱo, complained on social media that no one from British Airways said anything about the incident or explained how to evacuate. [Full Article...]

North Korea fires more projectiles, threatens to take 'new road'

North Korea fires more projectiles, threatens to take 'new road' In a statement, the North's foreign ministry accused the two allies of "playing all sorts of tricks" to justify the military exercises and said their "aggressive nature" could not be covered up. There are 28,500 USA troops stationed in South Korea to protect it against its neighbour, many of them based south of Seoul at Camp Humphreys in Pyeongtaek - Washington's biggest overseas military facility... [Full Article...]

Oil prices drop as U.S.-China trade war fuels growth concerns

Oil prices drop as U.S.-China trade war fuels growth concerns U.S. President Donald Trump said on Saturday that things are going well with China, insisting U.S. consumers are not paying for import taxes he has imposed on goods from that country although economists say Americans are footing the bill. [Full Article...]

Stocks get hammered as trade war heats up

Stocks get hammered as trade war heats up At the time, traders anxious massive stock gains and higher-than-expected wage growth would force the Federal Reserve would hike rates aggressively to prevent the economy from overheating. It's the latest blow to American farmers, who have seen prices fall sharply as a result of friction between the US and its major trading partners. "Trump's tariffs threats are backfiring and triggering a full-sc... [Full Article...]

Oscar Meyer releasing hot dog-infused ice cream sandwich

Oscar Meyer releasing hot dog-infused ice cream sandwich A Wienermobile dressed up as a traditional ice cream truck will be out and about in Manhattan the week of August 12, handing out free samples of the sweet and salty sandwich. [Full Article...]

Jeff Bezos and ex-wife divvy up Amazon stake after divorce

Jeff Bezos and ex-wife divvy up Amazon stake after divorce As part of the divorce settlement, Bezos will retain the voting power associated with shares transferred to MacKenzie. The divorce ends a 25-year marriage that played a pivotal role in the start of the e-commerce company. Bezos sold the 968,148 Amazon shares this week under an SEC rule that lets insiders of publicly traded companies who are major shareholders to set up trading plans to sell a ... [Full Article...]


« Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205  Next »