U.S. stock markets fell sharply on Monday with the S&P 500 down more than two percent and the Dow off nearly three percent. President Donald Trump is blaming the Federal…
more ...Euronext Has Launched an All-Cash Bid to Acquire Oslo Bors
The leading pan-European stock exchange has launched a 625 million euro takeover bid to acquire the Oslo Stock Exchange. Euronext, the operator of stock exchanges in Paris, Amsterdam, Brussels, Dublin…
more ...S. Korea Fines BMW $9.9 Million Over Faulty Engines, Delayed Recalls
South Korea said Monday it will fine BMW $9.9 million and will file a criminal complaint against the German automaker for delaying a recall of cars with faulty engines that…
more ...US Treasury Chief Calls Top Bank CEOs Amid Market Plunge
U.S. President Donald Trump’s Treasury secretary called top U.S. bankers on Sunday amid an ongoing rout on Wall Street and made plans to convene a group of officials known as…
more ...US Treasury Chief Convenes Calls With Top US Bankers
The U.S. Treasury Secretary said on Sunday he had held a series of phone conversations with top American bankers in what appeared to be a bid to ease nerves in…
more ...Trump Aide: White House, Central Bank Tension not Unusual
A White House official says tension between a president and the interest-rate setting Federal Reserve is “traditional as part of our system.” Acting chief of staff Mick Mulvaney says it should…
more ...China Holds Second Vice Ministerial Call with US on Trade
China and the United States held a vice ministerial-level call on Friday, the second such contact in a week, achieving a “deep exchange of views” on trade imbalances and the…
more ...Transitions of Power in Africa Bring Spark Hope, Worry
In 2018, sitting leaders relinquished power in South Africa and Ethiopia. Zimbabwe elected a new leader after 37 years of rule by former President Robert Mugabe. Peaceful power transitions were…
more ...Federal Shutdown Compounds Risks for US Economy
Now in its 10th year, America’s economic expansion still looks sturdy. Yet the partial shutdown of the government that began Saturday has added another threat to a growing list of…
more ...Trump Reportedly Discussed Firing Fed Chairman Powell
U.S. President Donald Trump has reportedly discussed firing Federal Reserve Chairman Jerome Powell. The reports of Trump’s questions about whether he has the authority to fire Powell raised concern among…
more ...More Losses Leave US Markets With Worst Week in 7-Plus Years
After almost 10 years, Wall Street’s rally looks like it’s ending. Another day of big losses Friday left the U.S. market with its worst week in more than seven years. All…
more ...Canadian Economy Exceeds Expectations in October
The Canadian economy expanded by a greater-than-expected 0.3 percent in October from September, pushed higher by strength in manufacturing, finance and insurance, Statistics Canada data indicated Friday. Analysts in a…
more ...Nigerian Energy Sector’s Crippling Debts Delay Next Power Plant
Plans to build another privately-financed power station in Nigeria to help end decades of chronic blackouts have been delayed because of concerns about persistent shortfalls in payments for electricity across…
more ...US GDP Grew 3.4 Percent in Q3, Slowed by Falling Exports
US growth in the July-September quarter was slightly slower than previously reported, dragged down by the large drop in exports amid President Donald Trump’s multi-front trade wars. With hundreds of…
more ...Dow Sinks Another 464 Points as Slowdown Fears Worsen
It was another miserable day on Wall Street as a series of big December plunges continued, putting stocks on track for their worst month in a decade. The Dow Jones…
more ...China Trade War Rattles Investors in New US Soy Processing Plants
The U.S.-China trade war is spooking potential investors in soybean crushing plants planned for Wisconsin and New York state, developers said, casting doubt on the future of a sector that…
more ...At Least 8 Killed in Sudan Protests, State of Emergency Declared
A state of emergency has been declared in two eastern Sudan states after at least eight protesters were killed in mass demonstrations against rising prices. Thousands of protesters marched in…
more ...US Central Bank Boosts Benchmark Interest Rate
The independent U.S. central bank raised borrowing rates Wednesday for the fourth time this year, dismissing President Donald Trump’s contention that policymakers ought not tinker with the country’s robust economy,…
more ...US, China Spar Over Trade at WTO
The United States and China blamed each other for the crisis in the world trading system during a two-day “trade policy review” of the United States at the World Trade…
more ...Poland Signs 20-Year Deal to Buy Natural Gas From the US
Poland has signed a long-term deal with a U.S. company for supplies of liquefied natural gas as part of an effort to reduce its dependence on Russian energy, the two…
more ...White House, Congress Headed Toward Funding Extension
The White House and Congress appeared headed Wednesday toward agreement on a stopgap spending plan to avert a partial government shutdown at midnight Friday, but it does not include $5…
more ...Uber Loses Lastest UK Legal Bid to Block Worker Rights for Drivers
Uber lost its latest court bid Wednesday to stop British drivers from being classified as workers, entitling them to rights such as the minimum wage, in a decision which jeopardizes…
more ...New Brazilian Minister: Even Military Must Compromise on Pensions
Every Brazilian, including current and former members of the armed forces, will have to compromise under the next administration’s pension reform plan, a former general set to become government minister…
more ...Greek Lawmakers Approve New Budget — With More Austerity
Greek lawmakers approved the heavily indebted country’s budget for 2019 late Tuesday, the first since Greece exited an eight-year bailout program. The budget lawmakers passed with a 154-143 vote still…
more ...Mexico Budget Plan Races Past First Congressional Hurdle
The finance committee of Mexico’s lower house of Congress on Tuesday rapidly approved the revenue section of President Andres Manuel Lopez Obrador’s 2019 draft budget, auguring speedy passage in the…
more ...Ukraine’s Poroshenko: World Bank Approves $750 Million Loan Guarantee
The World Bank has approved a $750 million loan guarantee for Ukraine, President Petro Poroshenko said on Twitter on Tuesday, calling it proof of his nation’s “tangible progress on the…
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