Stories about Finance

Dec 07 2018

Saudi Arabia endorses moderate trims to oil supply at Opec meeting

He tells reporters the nations are "after a stable market and also a fair price for the producers as well as the consumers". A cut from between 1 million to 1.4 million...

Dec 07 2018

China-US trade: China vows speedy action on trade commitments

President Donald Trump threatened Tuesday to slap more tariffs on China if efforts to strike a trade deal with Beijing crumble. But the mood has quickly soured on...

Dec 06 2018

China to Start Purchasing Ag Products "Immediately" After G20 Meeting with Trump

The US government will now hold off on raising tariffs on $200 billion worth of Chinese goods from 10% to 25% on January 1, according toa White House statement. Xi al...

Dec 05 2018

Trump's new NAFTA faces uphill battle in Congress

If Trump pulls out of NAFTA and the House rejects the new pact, it could deal a major blow to North American free trade. Cheryl Hardcastle, the NDP MP for Windsor-Tecum...

Dec 03 2018

US and China in trade tariffs truce after tense G20 summit

Washington agreed to delay a tariff increase on more than 200-billion US dollars' worth of Chinese imports to 25-percent from 10-percent originally planned to go into e...

Dec 03 2018

Qatar announces Opec exit days before pivotal oil cuts meeting

United States crude prices were further pushed up by an announcement from Canada that Alberta province will force producers to cut output by 8.7 percent, or 325,000 barre...

Dec 02 2018

Deutsche Bank offices raided in connection with Panama Papers

In 2017, Deutsche Bank was fined a total of $630 million (€553.5 million) by U.S. and United Kingdom financial authorities over accusations of having laundered money ...

Dec 01 2018

Fed says another rate hike is expected 'fairly soon'

The downgrade is at least partly attributable to Powell's remark on October 3 that interest rates were probably a "long way" from neutral, which seemed to contradict hi...

Dec 01 2018

Trump downplays GM plant closings, repeats false claim about steel plants

The earlier rally was linked to Chief Executive Officer Mary Barra's plan to bolster cash flow by canceling production at five plants in the US and Canada and jettisoni...

Dec 01 2018

Nigeria, Saudi Arabia Strategise On Oil Market Stability

The choice facing Saudi Arabia at next week's OPEC meeting is dramatic: cut oil production and enrage Donald Trump, or keep pumping and risk ultra-low prices blowing up i...

Nov 30 2018

GM decision to close Canadian plant causes strong reactions

The automaker said that it would shut down propulsion-component plants in Maryland and MI, and idle two additional, unnamed assembly plants outside the US. "We recognize ...

Nov 30 2018

Xi states economic goals prior to G20 summit in Argentina

Rumblings of resistance to Trump's assault on the worldwide order were apparent as French President Emmanuel Macron said he would convene his fellow European leaders in...

Nov 28 2018

US Could Tariff iPhones and Laptops Imported from China

Ahead of the G20 meeting in Argentina, which begins on Friday, the USA president used a newspaper interview to warn China that he expects to move ahead on the imposition ...

Nov 24 2018

Climate change will batter USA economy, warns government report

The federal government on Friday quietly released a major report warning man-made climate change is real and already having a devastating impact on the United States ...

Nov 23 2018

Railway News from RailAdvent on your Amazon Alexa Device

But with this alliance continuing to grow, and Alexa now available as a Windows 10 UWP app to everyone, and very little new functionality for Cortana recently, we have to...

Nov 23 2018

Record-breaking cold temperatures greet Thanksgiving celebrations

A Cold Emergency Alert will provide additional services and support to protect people from life-threatening illnesses and injuries associated with severe cold weather. ...

Nov 23 2018

Spain insists on Gibraltar veto in Brexit deal

The DUP abstained in Monday night's Budget votes as a warning shot over what they say are her broken promises on Brexit. "That is what has to be made clear, and until i...

Nov 21 2018

U.S. crude oil inventories drop slightly last week: API

However, the bounce in oil prices had been short-lived as Russian Federation stated that they would want to take a wait-and-see approach with regard to a potential ...

Nov 17 2018

Xi Jinping: US-China trade war will produce no winners

Pence announced the US would be involved in ally Australia's plan to develop a naval base in Papua New Guinea, where the summit is being held. The nation's growing influe...

Nov 16 2018

Dow falls 100 in volatile session

Banks also took heavy losses. Unless the economy experiences significant deterioration in the following weeks and months, there's no valid justification for the Fed to en...