Markets

Erdogan assumes greater powers as new era begins

Erdogan assumes greater powers as new era begins

Mr Erdogan, who was re-elected last month, has vowed to "propel our country forward" with his sweeping new powers. After taking the oath , Erdogan plans to visit the mausoleum of Mustafa Kemal Atat...

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Murdoch's Fox ups Sky bid to $32.5 billion, all eyes on Comcast

Murdoch's Fox ups Sky bid to $32.5 billion, all eyes on Comcast

Should Disney succeed, it will obtain Fox's 39 per cent stake in Sky as part of the package. The U.K. government has already said it's likely to approve Fox's bid for Sky after Fox satisfied conce...

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China issues restrictions to its state media over U.S. trade war coverage

China issues restrictions to its state media over U.S. trade war coverage

The move marked the latest escalation of the ongoing trade war between Washington and Beijing . Senate Finance Committee Chairman Orrin Hatch, R-Utah, responded to Lighthizer's announcement with ...

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China presses Europe for anti-U.S. alliance on trade

China presses Europe for anti-U.S. alliance on trade

In mid-June, Chinese officials announced an additional 25 percent duty starting July 6 in retaliation for US tariffs on additional products from China. Both sides are also mulling imposing higher ...

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Iranian oil minister calls Trump's order to OPEC insulting

Iranian oil minister calls Trump's order to OPEC insulting

Donald Trump has insulted OPEC member states by ordering the organization to reduce prices, the Iranian oil minister stated, responding to the U.S. leader's recent criticism of OPEC for keeping oil pr...

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USA eyes tariffs on $200B more Chinese imports

USA eyes tariffs on $200B more Chinese imports

Trump last week said the United States may ultimately impose tariffs on more than $500 billion worth of Chinese goods - roughly the total amount of US imports from China previous year. "For over a yea...

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Oil prices edge up as investors eye tight market

Oil prices edge up as investors eye tight market

United States crude was bullish after official data on Thursday showed inventories at Cushing, the delivery point for USA crude futures, fell to their lowest in three-and-a-half years. Tariffs would m...

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Starbucks, citing ocean threat, is ditching plastic straws from all locations

Starbucks, citing ocean threat, is ditching plastic straws from all locations

Environmental activists have been pressuring businesses to ditch plastic straws because they can end up in the ocean and hurt marine life. Today the company announced that it is getting rid of p...

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United States job growth strong but unemployment rate rises to 4%

United States job growth strong but unemployment rate rises to 4%

Economists expect the manufacturing sector to bear the brunt of the tit-for-tat tariffs, through a slowdown in hiring and capital expenditure. Even so, a steady pace of hiring and gradually rising wag...

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China moves to spur consumption amid trade war headwinds

China moves to spur consumption amid trade war headwinds

Economic output in the second quarter is estimated by many economists to have expanded at a 4 per cent annual rate or more, roughly twice the pace of the nine-year-old expansion. Trump imposed tarif...

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US Job Growth Was Likely Solid In June Despite Trade Risks

The unemployment rate ticked up to 4% from 3.8%, as the strong labour market encouraged more people to look for work. That was the first increase in the jobless rate in 10 months. The department doe...

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Trump’s tweets added $10 to oil prices, Iran’s OPEC boss says

Trump’s tweets added $10 to oil prices, Iran’s OPEC boss says

Brent crude LCOc1, the global benchmark, was down 83 cents at $76.56 a barrel by 1403 GMT. USA crude was bullish after official data on Thursday showed inventories at Cushing, the delivery point fo...

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Micron says China ban unfair but won't hurt revenue

Micron says China ban unfair but won't hurt revenue

The patents are not used in Micron's DRAM and NAND technology or products, and UMC and Jinhua rely on distorted interpretations of the patents and improper evidence to support their false allegations ...

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China Says U.S. Has Started ‘Biggest Trade War’ in History

China Says U.S. Has Started ‘Biggest Trade War’ in History

The Trump administration contends that China has deployed predatory tactics in a push to overtake U.S. technological dominance. Washington-based think tank the Peterson Institute for International E...

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China’s HNA Group Boss Dies In Provence

China’s HNA Group Boss Dies In Provence

Chinese aviation-to-financial conglomerate HNA Group rattled capital markets Wednesday with news that co-founder and Chairman Wang Jian accidentally fell and died during a business trip in Fran...

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Canada fires another shot at United States manufacturers; pushes toward trade war

Canada fires another shot at United States manufacturers; pushes toward trade war

United States ambassador to Canada Bruce Heyman along with wife Vicki and daughters Carolined and Liza (left to right) welcome guests the US ambassador's official residence in Ottawa, as they take par...

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Yuan's exchange rate to remain basically stable: PBOC chief

Yuan's exchange rate to remain basically stable: PBOC chief

European shares followed their Asian counterparts into the red with USA tariffs on $34 billion worth of Chinese goods taking effect on July 6. The yuan retreated 0.5 per cent to an eight-month low a...

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Trump’s tweets have added $10 to oil prices, Iran’s OPEC boss says

Trump’s tweets have added $10 to oil prices, Iran’s OPEC boss says

At 0715 GMT, August WTI crude oil futures are trading $74.00, down $0.33 or -0.46% and September Brent crude oil is at $77.80, down $0.43 or -0.55%. Morgan Stanley raised its Brent crude forecast ...

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Crude Prices Mixed as Trump Calls for More Action From OPEC

Crude Prices Mixed as Trump Calls for More Action From OPEC

Morgan Stanley expects worldwide prices to hit $85 a barrel in the second half of 2018, which is $7.50 higher than their previous projection. Abu Dhabi National Oil Company (Adnoc) on Tuesday sai...

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Trump makes veiled WTO threat after European Union warning on auto tariffs

Trump makes veiled WTO threat after European Union warning on auto tariffs

The bill - the existence of which has not been independently confirmed - would be a dramatic shift in trade policy with wide-reaching impacts, but it was the name of the proposed bill that caught pe...

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Asian markets tumble as China-US trade tensions rise

Asian markets tumble as China-US trade tensions rise

The US investigation into European Union auto exports "lacks legitimacy, factual basis and violates worldwide trade rules", the Commission said in a statement. Meanwhile, Canada retaliated against U...

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Asia stocks on edge before tariff deadline in Sino-US trade row

Asia stocks on edge before tariff deadline in Sino-US trade row

Travel and Leisure magazine's report on the alert, meanwhile, noted that China has been warning its citizens about gun violence in the US for years. "But the country will encounter more barriers i...

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China will counterpunch United States with $34 billion in tariffs

Washington and Beijing are making global headlines with threats over the prospect of a trade war, but they're also hurling indirect criticisms at each other on a more subtle front: Official travel...

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Lakers fans go wild after LeBron James announcement

Lakers fans go wild after LeBron James announcement

According to ESPN, LeBron James' jersey number will be the same as he wore in both stints with Cleveland, an announcement that came hours after word came down that James will sign a four-year, $154 m...

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Largest U.S. business group attacks Trump on tariffs

Largest U.S. business group attacks Trump on tariffs

The EU has targeted $3.2 billion in American goods exported to the 28-member bloc, including bourbon and Harley Davidson motorcycles. "The domestic manufacture of automobiles has no apparent correla...

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