Economy

Traders Continue to Assess Impact of Production Cuts Amid Other Uncertainties

Traders Continue to Assess Impact of Production Cuts Amid Other Uncertainties

But amid mounting global uncertainty on everything from trade and monetary policy to politics, that forecast is far from consensus. The decision to reduce oil production, taken at the end of the ...

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OPEC, Other Major Oil Producers Agree to Cut Global Oil Production

OPEC, Other Major Oil Producers Agree to Cut Global Oil Production

An output curtailment also would provide support to Iran by increasing the price of oil amid attempts by Washington to squeeze the economy of OPEC's third-largest producer. 'The Iran exemption is th...

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Huawei Executive Due in Canadian Court For Bail Hearing

Huawei Executive Due in Canadian Court For Bail Hearing

China also urged the USA to 'take immediate measures to correct wrong practices, and revoke the arrest warrant against the Chinese citizen'. Le called the United States to "immediately correct it...

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Winter storm slams large part of U.S.

Winter storm slams large part of U.S.

The storm petered out before it got inside the Capital Beltway, but parts of the WTOP listening area did indeed run into some ice and snow on Sunday evening. Several hundred miles east, in Kinston, ...

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'I do not respect the SEC': Musk unleashes in '60 Minutes' interview

'I do not respect the SEC': Musk unleashes in '60 Minutes' interview

His problematic Twitter messages in August - about trying to take the company private - caused months of chaos, and the agency sought to improve the governance of a board long criticized for being t...

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John Bolton knew of Huawei arrest before Trump-Xi dinner

John Bolton knew of Huawei arrest before Trump-Xi dinner

A month later, Washington and Beijing reached a deal that would strike ZTE from the sanctions list - just days after China reportedly offered to ramp up purchases of American goods to help cut the y...

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Huawei executive arrested in Canada for 'violating USA sanctions on Iran'

Huawei executive arrested in Canada for 'violating USA sanctions on Iran'

Justice Department spokesman Ian McLeod said Wednesday that Meng Wanzhou was arrested in Vancouver , British Columbia, on Saturday. The Huawei statement said Meng, who also has gone by the English ...

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White House backpedals on Trump's claim that China will drop auto tariffs

White House backpedals on Trump's claim that China will drop auto tariffs

News broke on Saturday that the USA and China had reached a ceasefire in its ongoing trade war after President Trump met with Chinese President Xi Jinping at the G20 summit in Argentina . w...

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Trump NAFTA termination vow pressures Congress to bless new deal

Trump NAFTA termination vow pressures Congress to bless new deal

Mexico's Enrique Pena Nieto (left), President Donald Trump and Canadian Prime Minister Justin Trudeau sign the United States-Mexico-Canada Agreement. AFBF President Zippy Duvall said, "In every ...

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Fed officials express caution about pace of future hikes

Fed officials express caution about pace of future hikes

The U.S. rates market is now hinting at a halt in tightening in 2019 and some strategists believe that traders are ill-positioned for increases. Powell's comments came as speculation was already mou...

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Shares get uplift from dovish Fed comments

Shares get uplift from dovish Fed comments

Traditionally, stock markets love lower interest rates. In an interview this week with The Washington Post, Trump said he was not happy with Powell's support for further rate hikes. But markets, e...

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German police raid Deutsche Bank in money laundering probe

German police raid Deutsche Bank in money laundering probe

Speaking about the latest investigation, a Deutsche Bank spokesman said: 'Of course, we will cooperate closely with the public prosecutor's office in Frankfurt , as it is in our interest as well ...

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Trump’s Chinese Tariffs Target Consumer Electronics, Including Sony and PlayStation

Trump’s Chinese Tariffs Target Consumer Electronics, Including Sony and PlayStation

US President Donald Trump said on Monday that he expected to levy 25% tariffs on Chinese imports in November, deflating the hope that a solution to the US-China trade conflict is in sight. That left...

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Trump warns GM could lose subsidies over layoffs

Trump warns GM could lose subsidies over layoffs

GM's stock rose almost 5% on the news Monday, then fell 2.5% Tuesday as President Trump threatened to cut federal subsidies to GM because of the layoffs. The company has marked a sedan plant in ...

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European Union agrees 'best possible' Brexit deal, urges Britons to back May

European Union agrees 'best possible' Brexit deal, urges Britons to back May

The nearly 800-word message is an attempt to speak directly to the public to build support for her deal , which faces widespread opposition at Westminster including from both wings of her Conservati...

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Range Rover Evoque: Everything you need to know

Range Rover Evoque: Everything you need to know

More detailed information can be obtained on YouTube at 19:45 GMT when will start the official ceremony of 2020 presentation of the new Range Rover Evoque . Seeing as over 770,000 Evoques have be...

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Apple reduces the production of three models of the iPhone

Apple reduces the production of three models of the iPhone

Apple has cut production orders on its three latest models of the iPhone, which haven't sold as quickly as the company had originally expected, the Wall Street Journal reports , citing unnamed sou...

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Which? reveals 87% of Black Friday bargains were cheaper earlier in year

Which? reveals 87% of Black Friday bargains were cheaper earlier in year

Which? monitored the prices of 94 popular products, including TVs, cameras and fitness trackers, that were on offer over Black Friday 2017, from six months before until six months afterwards. Generall...

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Crude Oil Analysis: Bearish Momentum to Continue Despite Short Term Lift

Crude Oil Analysis: Bearish Momentum to Continue Despite Short Term Lift

West Texas Intermediate for January delivery sank $3.10 at $54.10/bbl on the New York Mercantile Exchange. The global benchmark fell as much as 7.6 per cent to $61.71, the lowest since December 2017. ...

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Ghosn ousted from Nissan due to

Ghosn ousted from Nissan due to "significant acts of misconduct"

He was arrested on Monday in Tokyo, according to a Nissan ( 7201.T ) spokesperson. In 2016, Ghosn became Mitsubishi Motors' chairman. The departure of the alliance's architect, who has been at t...

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Infighting and Regulatory Pressure Pushing Crypto Market Back to 2017

Infighting and Regulatory Pressure Pushing Crypto Market Back to 2017

Since last week the market has shed 23% from total capitalisation - a staggering $50 billion (£39bn) - to around $163bn (£126bn). Bitcoins are created through a process called computer " mining ". L...

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Alexa voice shoppers get early access to these Amazon Black Friday specials

Alexa voice shoppers get early access to these Amazon Black Friday specials

You're in luck. Black Friday is nearly here, and so are all those deals you've been anxiously waiting for all year. We're seeing deals including the Echo Dot smart speaker for as low as $24, three m...

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Number of missing in California wildfires jumps to 631

Number of missing in California wildfires jumps to 631

He was helping to contain the Woolsey Fire in Southern California. More than 600 people are listed as missing following the devastating California wildfires. Honea said he was too busy with the emer...

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More Evidence Emerges of Soft iPhone Sales

More Evidence Emerges of Soft iPhone Sales

According to a new report by Reuters , at least three iPhone suppliers have issued warnings on results to Apple that suggest weakening iPhone sales, causing the company's stock to hit a three mon...

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Abu Dhabi Summit: Oil Production Cuts May Be Necessary

Abu Dhabi Summit: Oil Production Cuts May Be Necessary

Abu Dhabi , home to most of the U.A.E.'s oil deposits, this month increased planned spending by 22 percent to exploit recent discoveries and raise capacity. To keep oil prices high, OPEC and its allie...

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Global Geopolitical Series: US warns against allowing Iranian tankers to port

Global Geopolitical Series: US warns against allowing Iranian tankers to port

This week, reports emerged that South Korea received a waiver allowing it to import around 4 million barrels a month, equal to about 130,000 bpd, of Iranian crude and condensate. INDIA India is ...

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Robyn Denholm to replace Elon Musk as Tesla chair

Robyn Denholm to replace Elon Musk as Tesla chair

Denholm, 55, has been an independent director of Tesla since 2014 and the head of its audit committee. A spokesperson at the company told CNBC that Denholm will receive 8,000 stock options each ...

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China's Xi promises market opening as import fair begins

China's Xi promises market opening as import fair begins

The report also highlights that, between 2014 and 2017, the number of shoppers on Alibaba's dedicated platform for cross-border shopping, Tmall Global, has grown ten-fold. Without naming the United...

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Amazon in 'advanced talks' to build new headquarters near DC

Amazon in 'advanced talks' to build new headquarters near DC

The e-commerce giant previous year announced plans to invest US$5 billion in a second headquarters and hire up to 50,000 people, setting off a frenzy of interest from cities in the USA and Canada. T...

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Amazon is changing its free shipping option for the holiday season

Amazon is changing its free shipping option for the holiday season

The online retailer announced that starting today, November 5, all US-based Amazon customers can get free shipping with no minimum purchase amount. Also new for this year, Amazon will be off...

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Trump, Obama Square Off in Final Campaign Appearances Before Midterm Elections

Trump, Obama Square Off in Final Campaign Appearances Before Midterm Elections

Mr Trump has punched back, accusing Mr Obama of leaving behind a trail of broken promises on trade, the economic recovery and a promise during his presidency that patients could keep their doctors un...

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Apple is selling refurbished iPhone 8 and 8 Plus starting at $499

Apple is selling refurbished iPhone 8 and 8 Plus starting at $499

Subscriptions to Apple services , meanwhile, were up 50 per cent. Michael Hewson, chief analyst at CMC Markets, said the decision to withhold sales volumes suggested the company feels the market ...

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Rouhani first deputy: U.S. can not stop export of Iranian oil

Rouhani first deputy: U.S. can not stop export of Iranian oil

Moreover, Saudi Arabia's Energy Minister Khalid al-Falih said on Tuesday that the Organization of the Petroleum Exporting Countries (OPEC) and its partners are in "produce as much as you can" mode...

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India ranks 77th in ease of doing business rankings

India ranks 77th in ease of doing business rankings

The World Bank has ranked Nigeria 146 out of 190 countries on ease of doing business . The two-year jump is the second largest for any country on the index, to the delight of Prime Minister Nar...

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Stocks dip again on worries about tech, tariffs

Stocks dip again on worries about tech, tariffs

Trump has already imposed tariffs on $250bn worth of Chinese goods, and China responded with retaliatory duties on $110bn worth of United States goods. With the initial market reaction, Wall Stree...

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