Markets

Tory rounds on government over 'scandalous' handling of trade bill

Tory rounds on government over 'scandalous' handling of trade bill

May narrowly avoided a defeat in parliament at the hands of the pro-EU lawmakers from her own party in Tuesday's vote, helped by four opposition Labour lawmakers who went against their party to suppor...

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ZTE pays $1.4 billion penalty; US to lift ban

ZTE pays $1.4 billion penalty; US to lift ban

Department of Commerce on Friday lifted a ban on USA companies selling goods to ZTE Corp, allowing China's second-largest telecommunications equipment maker to resume business. However, Trump later ...

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Britain clears Rupert Murdoch's Fox to bid for Sky

Britain clears Rupert Murdoch's Fox to bid for Sky

Take a look at Sky today. All eyes will now turn to Fox to see if it will increase its offer for the 61% of Sky that it does not already own. "We could be seeing a bidding prioritization by Comcas...

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Oil markets tense as USA and China on brink of trade war

Oil markets tense as USA and China on brink of trade war

That may reduce the pressure on Saudi Arabia to keep oil prices high, said John Kilduff, partner at energy hedge fund Again Capital LLC in NY. In a Twitter tirade yesterday, Mr Trump urged the...

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Walmart under fire from conservatives for 'Impeach 45' shirts slamming Trump

Walmart under fire from conservatives for 'Impeach 45' shirts slamming Trump

Late last night, Ryan Fournier , the chairman of the political group Students For Trump , tweeted about the shirt (that also came in adorable onesie form), asking Walmart, "What kind of message are ...

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Algeria warns Saudi Arabia, Russia against increasing oil output

Overall, however, analysts said OPEC's production policy as well as unplanned supply disruptions were now the main price drivers. "On balance, this leaves the oil market tighter than before, with less...

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Today Is the Day Every Last Toys R Us Store Closes

Today Is the Day Every Last Toys R Us Store Closes

Toys 'R Us filed for bankruptcy in September 2017 and began closing its 735 USA stores in March, with the last and final round of the brick and mortar locations officially closing doors this week. "...

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India, China join hands to set up oil buyers club

India, China join hands to set up oil buyers club

Official U.S. production and inventory data is due to be published on Wednesday by the Energy Information Administration. "Over time it would have happened anyway because of the cutbacks in (drill...

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China, EU teaming up against Trump in trade war

China, EU teaming up against Trump in trade war

The fireworks in the stock market follow an escalation in the back-and-forth threats to global trade, which suggest that investors are becoming increasingly anxious that political rhetoric is moving t...

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Supreme Court Calls Tax Petition Invalid

Supreme Court Calls Tax Petition Invalid

The case decided was South Dakota v. Wayfair; South Dakota was suing Wayfair , an e-commerce retailer that does not collect state taxes. But for 65 percent of them, online sales accounted for 5 per...

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Eurozone creditors reach deal on Greek debt relief

Eurozone creditors reach deal on Greek debt relief

The report in The Local also said the figures published by the government yesterday show that Germany made 3.4 billion euros in interest payments on the bonds and only paid Greece 527 million euros in...

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Turkey goes to the polls in crucial election

Turkey goes to the polls in crucial election

The head of Turkey's High Electoral Board (YSK) said that Tayyip Erdogan has won more than half the votes in Sunday's presidential election after 97.2 percent of votes have been counted. He said turno...

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Major Korean Crypto Exchange: $31 Million Vanishes

Major Korean Crypto Exchange: $31 Million Vanishes

Earlier this year, North Korea was linked to attacks on South Korean cryptocurrency exchanges, and a previous report said North Korean hackers targeted four South Korean exchanges last summer....

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China to 'fight back' against any threatened United States tariffs

China to 'fight back' against any threatened United States tariffs

As analysts appearing on various US TV channels noted, so far, the US seems to have the upper hand in this trade war , Trump said he has already directed his legal team to start implementing the addi...

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DOJ: Comey's handling of Clinton email investigation unconventional but not biased

DOJ: Comey's handling of Clinton email investigation unconventional but not biased

Sessions praised FBI Director Christopher Wray for his handling of the fallout from the report, saying he was "real proud" of Wray for his remarks Thursday. TRUMP: "I mean there was total bias". P...

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Average worker can't afford 2-bedroom apartment anywhere in US

Average worker can't afford 2-bedroom apartment anywhere in US

Workers earning minimum wage would have to work 74 hours per week throughout the year to afford a two-bedroom apartment. The National Low Income Housing Coalition and the Coalition on Homelessness...

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US President Donald Trump approves $50 billion tariff on Chinese goods

US President Donald Trump approves $50 billion tariff on Chinese goods

As Trump prepares to impose the new tariffs on China, there is already evidence that his program is having a negative impact on some areas of industry and agriculture in Europe. Secretary of State M...

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