Economy

USA sanctions Iran supreme leader; plans to designate foreign minister

The President's order will deny Iran's leadership access to financial resources and authorises the targeting of persons appointed to certain official or other p...


RBI Deputy Governor Viral Acharya Quits, Cites "Personal Circumstances"

However, eyebrows have been raised given Acharya's past vocal stand against the Centre, at a time when the fractious relationship between the RBI and the govern...


Is This The Nail In The Coffin For The Iranian Nuclear Deal?

The Iranians may instead decide to increase the use of proxy forces in Iraq and Yemen, or give additional financial or material support to Hezbollah across the ...


Trump Calls Off Iran Attacks At The Last Minute

Trump - but also the complete reversal of Iranian foreign policy. Mr. Trump claimed on Twitter Friday he called off a planned US retaliatory strike against I...


Stocks gain, dollar weakens after Fed signals possible rate cuts

The Fed didn't specify when it would decrease rates, but almost half of Fed leaders now predict rates will fall by the end of the year, a significant change fro...


Qantas' Airbus A321XLR Order

Mounir still expected the world's largest twin-engined plane to fly this year and to be delivered in 2020. Neither American Airlines nor Airbus would disc...


Watch Facebook's Libra Videos: An Inside Look At the Calibra Wallet

Facebook has announced plans to dive headfirst into cryptocurrency , with an offering that allows peer-to-peer payments as well as purchases on the Faceboo...


New Balance Enthralled Over China Tariffs

A common theme in their pleas is that American businesses - not China, as Trump often asserts - must pay the import taxes the president is imposing on Chinese...


Europe wary as Facebook takes up cryptocurrency challenge

Being a payments service, it will be under hard scrutiny as most countries have strict restrictions on the use of financial data. Facebook will launch a "wa...


Chewy Raises $1B In Upsized IPO

Securities and Exchange Commission (SEC) in April. The shares are expected to begin trading Friday on the New York Stock Exchange under the symbol CHWY . And p...


Fed to keep rates unchanged this year

Last week, Powell helped fuel a rally in the stock market by holding out the possibility that the Fed will soon cut rates to protect the economic recovery from ...


Huawei's own Hongmeng OS will be 60 percent faster than Android

The company plans to launch Hongmeng-powered smartphones next year but some reports indicate it might be as soon as October this year. Sailfish OS is also kno...


USA urges Beijing to resume trade talks

Following a G20 meeting Sunday that brought into sharp focus the differences between the United States and other countries, the world's top financial policy...


Oil slumps 4% on U.S. inventory build, equity rally caps losses

GMT, having briefly traded in positive territory early in the session. The US Energy Information Administration reported a 6.8 million barrel increase in crud...


Single ticket wins a $530 million Mega Millions jackpot

Saturday's Powerball jackpot is an estimated $53 million as an annuity or $34.3 million cash. Of course, he won $1M. The jackpot has been accruing since it wa...


Amazon plans to start drone delivery shortly

Amazon too sees our lovely blue airspace as prime real estate for getting junk to you even faster. Visit Business Insider's homepage for more stories . "You'...


Mexican president hopes for deal with USA on migration on Thursday

President Trump tweeted on Thursday that if no agreements are reached the tariffs will start at five per cent on 10 June with monthly increases. A senior admini...


China’s Huawei to sell stake in undersea-cable unit

Well, the USA trade ban may prevent the company from achieving that, so Huawei is reassessing its plans, according to South China Morning Post . The move c...


Elon Musk gives first details on new Tesla bakkie - including early pricing

It's sadistically hard", Musk said. The eccentric SpaceX and Tesla founder revealed to IGN that Tesla has been working with Studio MDHR to make the '2...


Republican senators warn White House they'll block Trump's Mexico tariffs

Mexican Economy Minister Graciela Marquez planned to meet Monday with U.S. Commerce Secretary Wilbur Ross to begin talks on Trump's threat to levy the tarif...