Economy

London share prices PLUMMET amid US-China trade war fears — FTSE latest

President Donald Trump at a bilateral dinner meeting with President Xi Jinping of China during the Group of 20 summit at the Hyatt Palace Hotel in Buenos ...


Huawei founder's daughter arrested for violating US sanctions on Iran

That executive was Huawei's chief financial officer and deputy chair Meng Wanzhou - who is also the daughter of the company's founder. The company said it...


China confident it can clinch USA trade pact, Trump demands 'real deal'

This fundamental misunderstanding of economics, combined with his reckless announcement of the detente that wasn't, scared investors and continues to undermin...


Trump Threatens to Kill NAFTA - Again

The leaders of Mexico, the United States and Canada sign the "new" NAFTA in Argentina. Talks for a NAFTA refresh began in 2017 under threats by Trump that he'...


Qualcomm rules out another bid for NXP

That's nice, said Qualcomm. " While we were grateful to learn of President Trump and President Xi's comments about Qualcomm's previously proposed acquisition of...


Trump tweets that China will slice tariffs on US-made cars

While a 90-day ceasefire on new tariffs to allow for trade negotiations not only takes the sting out of the strained relations between the United States and...


Oil jumps on efforts to boost prices

The global benchmark, Brent crude, steeply increased on the same day to $59.26 per barrel after closing at $58.12 last Wednesday. The Canadian production cut...


Fed officials express caution about pace of future hikes

Investors say a sustained market rally following the summit would hinge on there being substantive concessions from Trump, in particular whether Xi can persuade...


Plants Close as Economy Grows — Trump Slams GM

U.S. Senator Sherrod Brown wants Congress to move on his "American Cars, American Jobs Act" which would end tax cuts for companies that move overseas and put ...


Putin says Russian Federation 'satisfied' with oil at $60

Saudi Arabia dampened hopes of production cuts by OPEC and its allies by saying on Wednesday that it would not act alone and Nigeria stopped short of committi...


No easy remedy for US-China tensions

Two-way trade reached 13.8 billion US dollars past year. Trade tensions between the U.S. and China, concern over the murder of Saudi journalist Jamal Khashogg...


Why Barra Listening to Trump Would Spell Disaster for GM

The announcement is the biggest restructuring in North America for the US's largest automaker since its bankruptcy a decade ago. USA consumer preferences hav...


Cyber Monday set to be biggest United States online shopping day in history

The "holiday shopping season got off to a healthy start", Yruma says, although e-commerce continues to increase its market share, especially as retailers increa...


EU's Focus on No-Deal Brexit Preparations is 'the Only Plan B'

The transition period, which is meant to be used to negotiate a detailed accord on future relations, can be extended by up to one or two years if talks are not ...


How major USA stock indexes fared Tuesday

Stocks are skidding as weak results from retailers and mounting losses for big technology companies push the market back into the red for the year. The S&P 500...


Stores open on Thanksgiving Day

If your answer is no, don't worry. Wondering what stores will be open on Thanksgiving after you eat? Most drugstore chains such as Walgreens, Rite Aid, Duan...


UK Expecting EU-Wide Support for Brexit Deal Despite Gibraltar Impasse

Spanish Prime Minister Pedro Sanchez said Tuesday that his government "cannot accept that what will happen to Gibraltar in the future depends on negotiations ...


Amazon says customer information was exposed in data breach

The breach is likely to have occurred this week because new... According to Amazon , neither its website nor its back-end systems were compromised by the gli...


Romaine Lettuce Is Not Safe To Eat Whatsoever, CDC Warns

Ill people reported eating different types of romaine lettuce in several restaurants and at home. Stores and restaurants should not sell or serve it. The stra...


Oil Holds Near $57 as Investors Weigh OPEC Plans And IEA Warning

Crude markers in NY and London have both fallen more than 20 percent from their October highs on concerns over a supply glut after the US granted waivers to s...