Finance

Opec To Decrease Oil Output By 1.2m Barrels A Day

Opec To Decrease Oil Output By 1.2m Barrels A Day

Speaking to reporters at the end of the session, Iran's Petroleum Minister Bijan Zangeneh expressed his satisfaction with the decision. Opec and allies including Russian Federation, which together...

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Dow plunges 700 points after arrest of Chinese tech exec

Dow plunges 700 points after arrest of Chinese tech exec

But China's government says that she hasn't broken any USA or Canadian laws, and is demanding that Canada "immediately correct the mistake" and release her. " The company has been provided very li...

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Huawei finance chief arrested in Canada as USA seeks extradition

Huawei finance chief arrested in Canada as USA seeks extradition

He said Meng faces extradition to the USA, and that a bail hearing has been set for Friday. As there is a publication ban in effect, which was requested by Meng, the department declined to provi...

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Donald Trump says he'll terminate Nafta

Donald Trump says he'll terminate Nafta

The leaders of Mexico, the United States and Canada sign the "new" NAFTA in Argentina. Democrats mulling presidential runs in 2020, as well as labor and environmental groups, were already gearing ...

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Xi, Trump reach consensus, agree not to impose new additional tariffs

Xi, Trump reach consensus, agree not to impose new additional tariffs

Asian markets were sharply higher. On Wall Street, the Dow Jones Industrial Average rose 0.94 percent at the open and the S&P 500 by 1.10 percent. Oil prices also climbed sharply, with Brent crude, ...

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Sully the service dog to accompany Bush one last time

Sully the service dog to accompany Bush one last time

The socks feature a formation of jets, which are meant to honor his lifetime of service that started when he became a naval aviator at 18 years old. "He added: "A handsome day In Texas - 'ceiling an...

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Fed's Powell, in apparent dovish shift, says rates near neutral

Fed's Powell, in apparent dovish shift, says rates near neutral

Stocks and interest-rate futures jumped, even while economists wrestled to interpret whether Powell meant to send a message or was simply misunderstood. On Wednesday he referenced a range, and in Octo...

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Russia: Production Cuts Are Needed To Stabilize Oil Markets

Russia: Production Cuts Are Needed To Stabilize Oil Markets

Russian oil companies Rosneft and Gazprom Neft declined to comment. Crude oil price remained in a major downtrend and it recently traded below the $53.00 and $52.00 support levels. "Even if Russian ...

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Markets on edge ahead of US-China trade talks

Markets on edge ahead of US-China trade talks

The rate increase, from 10pc to 25pc, is due to be implemented on Jan 1. He'll be meeting with Chinese President Xi Jinping this week, but if the talks don't net the results he wants, Trump has in...

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Trump 'very disappointed' with General Motors after plant closures

Trump 'very disappointed' with General Motors after plant closures

GM Chief Executive Officer Mary Barra is trying to make the company leaner as USA auto demand slides from a record in 2016 and sales in China - GM's other profit centre - are also in a slump. The ...

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General Motors To Close Ohio Plant, Thousands Affected

General Motors To Close Ohio Plant, Thousands Affected

What's more, the Cruze plant just outside Youngtown is in a Democratic and labor stronghold, where Trump won over a surprising number of voters two years ago by reaching out to what he called Americ...

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Korea plan to resume Iran oil imports from January

Korea plan to resume Iran oil imports from January

Weekly exchange data shows money managers hold a combined net long position equivalent to around 364 million barrels of USA and Brent crude futures and options, down from over 800 million barrels two ...

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Renault, Nissan head Ghosn arrested for financial misconduct

Renault, Nissan head Ghosn arrested for financial misconduct

Earlier in the day, Ghosn was questioned on a voluntary basis by prosecutors from the special investigation section of the Tokyo District Public Prosecutors Office, people close to the investigation...

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Amazon’s first official early Black Friday deals are here

Amazon’s first official early Black Friday deals are here

Now, the online retailer is revealing a new promo scheme called " Seven Days of Black Friday Deals ". Users of smart speakers such as Amazon Echo and Google Home see the technology as a way to declu...

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Tech giants slide, pulling US stocks sharply lower

Tech giants slide, pulling US stocks sharply lower

Banks and consumer-focused companies and media and communications stocks also took heavy losses. With a half hour left in the trading day, the Dow had shaved off more than 500 points at 25,487.21 wh...

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Apple shares drop on iPhone suppliers' warnings, Companies & Markets News & Top Stories

Apple shares drop on iPhone suppliers' warnings, Companies & Markets News & Top Stories

Major suppliers to Apple Inc.'s iPhone fell Monday as investors fretted that one of the most important product lines in the technology sector was seeing weak demand. Nikkei reported earlier this month...

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China's 'Singles' Day' on track to beat $25 billion sales record

China's 'Singles' Day' on track to beat $25 billion sales record

Chinese e-commerce behemoth Alibaba raked in nearly $10 billion in the first hour of its Singles' Day sale which kicked off on Sunday. Last year, Alibaba recorded $25 billion in the sales of 24 hour...

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Tesla replaces Elon Musk as chair-he’ll stay CEO

Tesla replaces Elon Musk as chair-he’ll stay CEO

A Tesla spokesman said Ms Denholm would receive an annual cash retainer of $300,000, with $8000 in stock options annually. She was paid nearly $5 million, mainly in stock options, by the company p...

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What’s at stake in USA midterm elections?

What’s at stake in USA midterm elections?

Fox News Channel, which Trump has repeatedly named his favourite broadcaster, also said it would no longer run the spot. Democratic Sens. Joe Manchin in West Virginia and Tammy Baldwin in Wisconsin...

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Democrats capture US House majority in rebuke to Trump

Democrats capture US House majority in rebuke to Trump

Senate , CNN , NBC and ABC News said , following a divisive campaign marked by fierce clashes over race, immigration and other cultural issues . This time, they're sitting up. According to ...

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Lowe’s Is Closing 51 Stores In The US And Canada

Lowe’s Is Closing 51 Stores In The US And Canada

Some of those retailers like Toys "R" Us , Mattress Firm and Sears have filed for bankruptcy, and have already closed hundreds of locations stores. The company said the "wind-down" of the underperf...

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Iranian marchers chant ‘Death to America’ on eve of United States oil sanctions

Iranian marchers chant ‘Death to America’ on eve of United States oil sanctions

US President Donald Trump withdrew the US from the nuclear accord earlier this year, an agreement he called the "worst deal ever negotiated". Iran greeted the re-imposition of US sanctions on Mo...

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Amazon to Offer Free Shipping on Holiday Orders

Amazon to Offer Free Shipping on Holiday Orders

Some of Amazon's competitors are also offering free shipping this holiday season. From today, all Amazon customers qualify for free shipping with no minimum spend on "orders that will arrive i...

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China says will surely help Pakistan in financial crisis

China says will surely help Pakistan in financial crisis

The joint statement also elaborated on the overall agreements reached between the two countries about expanding CPEC, setting up a foreign minister's strategic dialogue mechanism and strengthening coo...

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Trump Has Not Sought Draft China Trade Plan

Those discussions are moving along nicely with meetings being scheduled at the G-20 in Argentina, ' he tweeted. President Trump has imposed tariffs on $250 billion worth of Chinese goods so far this...

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Trump, Xi upbeat on US-China trade; US targets more Chinese firms

Trump, Xi upbeat on US-China trade; US targets more Chinese firms

Xinhua, China's state news agency, reported on Friday that Mr Trump had told the Chinese leader that "he looks forward to meeting Xi during the G-20 summit so they can have an in-depth discussion ab...

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RBI responsible for NPA crisis, Jaitley makes spat more public

RBI responsible for NPA crisis, Jaitley makes spat more public

Far-sighted government leaders may be able to reap benefits of convincing voters about the importance of investing in macro-economic stability; for instance, by claiming credit for the long-term natur...

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Trump plans final campaign swing ahead of Nov

Trump plans final campaign swing ahead of Nov

The $6 million ad buy serves as Trump's closing argument, featuring a suburban mother who recalls hard economic times in the past and offers an optimistic view on the future. "I don't think the math a...

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IBM to acquire Red Hat for US$34 billion

IBM to acquire Red Hat for US$34 billion

Presumably the acquisition will have to jump various regulatory hurdles before it is set in stone. Red Hat will become a unit of IBM's Hybrid Cloud division while its CEO Jim Whitehurst will report ...

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Powerball results for 10/24/18; did anyone win the $602M jackpot?

Powerball results for 10/24/18; did anyone win the $602M jackpot?

Powerball lottery tickets are sold in 44 states, Washington D.C., Puerto Rico and the U.S. Virgin Islands. The $750 million prize refers to the annuity option, paid annually over 29 years. In the...

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Australia Market tumble as Wall Streets slide sparks risk-off mood

Australia Market tumble as Wall Streets slide sparks risk-off mood

On the futures markets, the ASX futures are pointing to a 73 points gain. Thursday's tumble follows a fall by USA stocks overnight, which confirmed a correction for the Nasdaq and erased the Dow...

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Tesla share price gets into gear after company posts third-quarter profit

Tesla share price gets into gear after company posts third-quarter profit

The SEC sued him for fraud, calling his claims "false and misleading", before reaching a settlement . If Tesla spends $1 billion on a new factory, the full $1 billion will be counted against free ca...

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China, Japan moving from competition to cooperation, leaders say

China, Japan moving from competition to cooperation, leaders say

Although Japan's alliance with the USA keeps the nation in lockstep with Washington on most geopolitical issues, Mr Abe has moved to shore up economic ties with China - its biggest trading partner. As...

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China and Russian Federation are reportedly eavesdropping on Trump's phone calls

China and Russian Federation are reportedly eavesdropping on Trump's phone calls

The White House did not immediately respond to our request for comment. "One of the biggest stories of our time is the Mueller investigation", it tweeted. Trump has, of course, insisted that...

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Saudi Arabia now says Khashoggi murder 'premeditated'

Saudi Arabia now says Khashoggi murder 'premeditated'

The Tadawul All-Shares Index (TASI) rose 4.3 percent to close trading on the last day of the week on 7,835.54 points. Saudi Arabia's public prosecutor has been quoted as saying the death was " p...

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