Finance

Pound US dollar exchange rate softens, all eyes on the Federal Reserve

The economy appears durable in its 11th year of growth, with a still-solid job market and steady consumer spending. -China trade war could shave 0.5% off global...


New York Fed steps into market to move interest rates

The question that policymakers will answer in their statement, through updated economic projections, and in Powell's news conference, is how much more help they...


Donald Trump orders more Iran sanctions as Saudi Arabia readies attack evidence

Concrete evidence showing Iranian responsibility, if made public, could pressure Saudi Arabia and Washington into a response, though both nations have stressed ...


Iran rules out talks as Trump links Tehran to Saudi oil attack

Sources tell CBS News numerous projectiles involved in the weekend attack were fired from Iranian territory. The question, then, becomes what America should...


Gas prices expected to rise after attack on Saudi oil facility

How is the incident affecting oil prices? Any price increase and the implication for global economic growth should be viewed in a long-term context, and despi...


US will 'defend' international order being 'undermined by Iran': Pentagon chief

Official Spokesperson of the UN Secretary General Stephane Dujarric said in a statement that the Secretary General condemns Saturday's attacks on two Aramco o...


US 'locked and loaded' over Saudi attack

Oil surged to four-month highs on Monday after weekend attacks on crude facilities at key producer Saudi Arabia sparked supply fears, while shares in Asia ext...


GM, UAW to restart talks as workers take to picket lines

It's the largest strike by any union against any business since the last strike at GM in 2007. GM's statement regarding the stalled labor negotiations ind...


US 'Locked and Loaded' After Hit on Saudi Oil Facility

However, one of its sources told the newspaper: "We should be able to have two million barrels a day back online by tomorrow (Monday)". Unnamed US officials h...


Iran Denies Involvement in Saudi Arabia Oil Field Attacks

Brent soared nearly 20 percent at one point on Monday, while WTI surged around 15 percent before paring the gains. "There is reason to believe that we know th...


Oil prices surge, stock futures slip after attack on Saudi facility

Iran has denied it is behind Saturday's attack and warned it was ready for war. President Trump announced on Sunday that the U.S. is " locked and loaded ...


How will Saudi Arabia respond to attacks on its oil plants?

Pompeo said "Iran has now launched an unprecedented attack on the world's energy supply" despite "all the calls for de-escalation". " Saudi Arabia's oil fi...


GM recalls more than 3.4M pickups, SUVs to fix brake issues

The millions of trucks and SUVs have a brake issue that GM said resides in aging pumps in the brake system. Owners began receiving notifications of the recall...


Stocks gain on global trade optimism, European Central Bank stimulus

The S&P/ASX 200 index is 0.2 per cent or 14 points up at 6,669. The news garnered immediate criticism from President Donald Trump . -China trade war and poss...


Saudi, Russia call for better compliance with OPEC oil cuts

As an illustration of the challenge OPEC is facing, the US briefly overtook Saudi Arabia as the world's largest oil exporter in June. Saudi Arabia and Russian...


Tesla claims one track record, plans to go for another

After many tweets surrounding a Nurburgring run for the Model S, on September 11, Musk tweeted that a Model S had just claimed the sedan lap record around Lagun...


Donald Trump pushes back increase in Chinese import tariffs

China said Thursday it was "making enquiries" about buying American farm products including big-ticket products like pork and soybeans, ahead of high-level trad...


New Saudi energy minister says country wants to enrich uranium

Separately, the U.S. Energy Information Administration said domestic gasoline stocks decreased less than expected last week while crude stocks fell to the low...


Crude Oil Price Flops; Trump May Ease on Iran After Bolton Fallout

Four sources with knowledge of the USA president's conversations with French President Emmanuel Macron told the news outlet that Trump "has in recent weeks show...


China exempts some USA imports from extra tariffs

China introduced Wednesday it will exempt 16 classes of merchandise from U.S. tariffs , forward of a contemporary spherical of commerce talks subsequent month...


Hong Kong Exchanges bids $39 billion to take over London Stock Exchange

This values it at £29.6billion, but the total bid would come to £31.6 billion including the LSE's debt. "The board of HKEX believes a proposed combination wit...


Wendy's Plans to Launch Breakfast Nationwide, Trims 2019 View

The company said Monday that its taking breakfast nationwide next year with a new menu inspired by its afternoon menu and, obviously, includes a Frosty made f...


WeWork planning to drop valuation to below US$20 bln

WeWork could slash the valuation it seeks as a public company to below $20 billion, or even postpone its initial public offering, The Wall Street Journal repo...


Donald Trump fires national security adviser John Bolton

He became known for his support for the Iraq War as the USA ambassador to the United Nations under George W. Bush. Dozens of White House aides - from attorney...


‘Volfefe Index’ to measure how Trump’s Twitter musings move U.S. markets

Trump's most market-moving tweets dwell on trade, and, to a lesser extent, monetary policy - with the words "China", "billion", "products", "dollars", "tariffs"...


Saudi Arabia signals OPEC cuts to continue under new energy minister

The understudy is now playing the lead. "We have always said that Aramco is ready whenever the shareholder makes a decision to list and as you heard from his ...


Canada added 81,000 jobs in August, mostly part time: Statistics Canada

Brantford's seasonally adjusted unemployment rate has been tumbling for months and now sits considerably below the monthly rate of 5.7 per cent for Canada a...


Bugatti Chiron Super Sport 300 confirmed

As expected, the prototype version will enter production. There are also circular air vents sitting at the top of both front wheel arches. Should Bugatti at...


Oil sinks as manufacturing reports renew global economy worries

Trump tweeted that China will have a much tougher time securing a trade deal if the Asian nation waits until after the 2020 US presidential election and he wins...


Johnson calls opponents cowardly for blocking election bid

Opposition parties are in talks about how to respond to Mr Johnson's call for a snap election, with concern about whether the poll should be delayed until after...


Lawmaker Jo Johnson, British prime minister's brother, resigns

Opposition lawmakers, supported by Conservative Party rebels, are close to passing a bill that would block a no-deal Brexit on Oct. 31, compelling the prime min...


Hong Kong leader set to withdraw the controversial extradition bill

Senior Superintendent Foo Yat-ting of the police Kowloon East Region said these protesters were liable not only to the offense of contempt of court as they defi...


Asian stocks lower after US-China trade jitters resurface

Wall Street lost ground and the USA dollar strengthened to its highest level in more than two years on Tuesday as trade worries persisted and US factory activit...


Man angry about Popeyes chicken sandwich shortage pulls gun on restaurant worker

High demand for the sandwich grew to a fever pitch across the nation as chains began posting signs on windows saying they were sold out and on limited stock. "I...


Argentines wait at banks to withdraw cash as currency controls kick in

Many were anxious about being blocked from withdrawing their money as was the case during Argentina's economic crisis in 2001. In the 2001-2002 crisis, riots ...