Finance

Japan could halt Iran oil imports under US pressure next month

US West Texas Intermediate (WTI) crude futures were at $69.34 per barrel at 0036 GMT, down 53 cents, or 0.8 percent, from their last settlement. "Tropical s...


South Africa stumbles into a recession

Economists consider two consecutive quarters of negative economic growth a "technical recession". The biggest drags on economic growth were agriculture, fores...


Amazon becomes nation's second public trillion-dollar company

Amazon just became the second member of the trillion-dollar club. Amazon has impressed investors by diversifying into virtually every corner of the retai...


Raghuram Rajan responsible for economic slowdown, says Niti Aayog vice chairman

Elaborating further on the causes for this decline, Rajiv Kumar lay the blame squarely on Rajan, suggesting that his stressed account policies led to a surge ...


Sasol workers to down tools on Monday

Sasol, world leader in the technology that converts coal and gas to fuel, said a year ago it would raise its black ownership levels in Sasol South Africa to at ...


Petrol, diesel prices hit new highs, rise for 9th consecutive day

Petrol and diesel now cost Rs 79.31/litre and Rs 71.34/litre in Delhi, respectively, according to a price notification issued by Indian Oil Corporation . T...


Chinese billionaire Liu of JD.com arrested in Minneapolis

The Minneapolis Police Department said the investigation remained active and would not confirm details of the arrest or the allegations against the 45-year-old ...


Growth rate zooms to 8.2%, highest in two years

However, the Reserve Bank of India (RBI) said it is expecting a GDP growth of 7.4 percent in its RBI report which it had released on Wednesday. The robust...


Kenya: May pledges Britain’s help in fight against militants

It's also the second time on the trip that May has caught dancing fever, after visiting a school in South Africa. you have to admit, she's nothing if not commit...


Barnier ramps up pressure on the UK

The EU's chief negotiator, who has been strident on the issue during the behind-the-scenes negotiations, made public his request for the information as he warne...


California Legislature Passes Bill That Would Increase Bar Hours

The law would be the strictest for internet providers in the United States, and put California at odds with the federal government. The bill, SB822, not only re...


Google and Mastercard reportedly teamed up to track offline sales

After a four year negotiation, Google and Mastercard reached a deal that would pay the latter millions in exchange for coughing up data on its card holders, acc...


Vegetable industry welcomes trade deal between Australia and Indonesia

The agreement will free up Indonesia's university sector for Australian investors, allowing up to 67 percent foreign ownership. He said they would sign an eco...


How major USA stock indexes fared Friday

President Donald Trump . Market participants also awaited fresh updates from the ongoing trade-talk between the U.S. and Canada. The Canadian dollar was tr...


Cboe Prepares to Release a New Crypto Futures Option

CBOE will base the Ethereum futures on Gemini's underlying market. According to Business Insider , Tom Lee, a managing partner at Fundstrat Global Adv...


Game Over? China To Limit Number Of Online Games Over Myopia Fears

Tencent did not immediately respond to a Reuters request for comment. More specifically, online games will be restricted both in terms of how many are availab...


Argentina raises interest rate to 60%

The IMF released a statement saying its "goal is to rapidly conclude these talks and submit the revised economic plan to the Executive Board". Argentina rec...


Trump says civilian government employees won't receive raises in 2019

This month, the Senate voted of 96-2 to approve its version of a spending bill that would fix across-the-board civilian raises next year at 1.9 percent. David...


Donald Trump threatens to pull United States out of WTO

The U.S.is about 11 percent of global trade. But the administration has been trying to determine whether it has the authority on its own to change the way capit...


Here's What You Need To Know About Trump's Trade Deal With Mexico

The week-long intensive NAFTA renegotiations have concluded in Washington, D.C., without a deal by the Trump-imposed deadline, but talks will resume next week. ...


Ford won't sell Focus crossover in USA due to tariffs

A Ford spokesman said the company would not reconsider its decision even if tariffs were eventually lifted. It had expected to sell fewer than 50,000 units a ...


European Union to recommend that member states abolish daylight saving time

The EU is "almost as bad as China, just smaller", he said. "As is the case with ceasefires, they're sometimes at risk but they will be upheld", Juncker told...


India's economic growth surges to 8.2%

The cumulative growth rate of the core sector during the April-June quarter was 5.8%, the data showed. Sectors which registerd growth of over 7 per cent inclu...


Coca-Cola expands into coffee with $5.1 billion deal for Britain’s Costa

Coke has agreed to acquire Costa Coffee . While the bulk of the proceeds will be returned to shareholders, it will use some of the cash to pay down debt and ...


Aston Martin makes long-awaited move to sell shares in London

Aston Martin , maker of James Bond's favorite sports auto, said Wednesday it may sell shares for the first time as it seeks to attract more wealthy buyers wit...


Berkshire Hathaway purchases stake in Patym

Recent reports said plans to invest in Uber fell through. Warren Buffett doesn't think it would be smart for Apple to buy Tesla . "I give credit to...


Japan's Panasonic to move European headquarters to Amsterdam in October: Nikkei

Moving the regional headquarters to continental Europe will also help Panasonic avoid any barriers to the flow of people and goods, Laurent Abadie, chief execut...


Trump cancels federal employee pay increases, citing financial concerns

Under the current law, federal employees would have gotten an across-the-board increase of 2.1 percent starting in January 2019. 30 that to save taxpayers mon...


Argentina’s Central Bank Lifts Policy Rate to 60%

Specifically, sovereign financial history: The country has Argentina's peso buckled on Wednesday, setting a record low of 34.10 per US dollar after the ce...


Morneau says Trans Mountain 'will be built' despite court ruling

The case combined almost two dozen lawsuits calling for the NEB's review of the project to be overturned. A Canadian court blocked a major oil pipeline projec...


Ontario driver arrested for 100-foot jump in Tesla Model S

Multiple angles show the vehicle traveling at an unsafe speed and ramping a set of railroad tracks. Police say the driver, a 46-year-old man from Barrie has...


Turkey's Erdogan to visit Iran on Sept. 7

French Finance Minister Bruno Le Maire and Turkish Finance Minister Berat Albayrak attend a joint news conference after a meeting at the Bercy Finance Ministry ...


Lowest-fare passengers face higher baggage fees on WestJet, Air Canada flights

JetBlue also raised the charge for a second checked bag by $5 to $40 and for a third piece to $150 from $100, according to the airline's website . "It's tou...


Loonie at mercy of NAFTA deal

Canadian Prime Minister Trudeau says closure is feasible - we'll see. The optimism contrasts with the tension seen in negotiations between the U.S. and China. T...


Uber to introduce motorbikes and scooters

However, in the long term , drivers will benefit from the increased proportion of more profitable trips for long distances. No date has been set as to when t...