The leaders of Japan and India are reaffirming their ties amid growing worries about trade and regional stability. Indian Prime Minister Narendra Modi, who arrived Saturday, was meeting Japanese Prime…
more ...French FinMin: Eurozone not Prepared Enough to Face New Crisis
There is no risk of contagion from Italy’s budget crisis in the European Union but the euro zone is not prepared enough to face a new economic crisis, French Finance…
more ...Istanbul to Unveil New Airport, Seeks to be World’s Biggest
Recep Tayyip Erdogan has held plenty of grand opening ceremonies in his 15 years at Turkey’s helm. On Monday he will unveil one of his prized jewels — Istanbul New…
more ...China to Give Pakistan ‘Grant’ as UAE Mulls $6B in Aid
China plans to provide an unspecified financial “grant” to Pakistan while the United Arab Emirates is actively considering Islamabad’s request for a fiscal relief package of up to $6 billion…
more ...Equities’ Slide Sends Bonds Higher, Dents Greenback
Stock markets around the world tumbled Friday while U.S. Treasury prices rose along with demand for safer bets as better-than-expected U.S. economic data did little to ease anxiety over disappointing…
more ...US Stocks Plunge, Then Recover Some Ground Friday
U.S. stock market indexes fell sharply in Friday’s early trading, but saw losses ease later in the day. At one point the S&P 500 and the Dow were down by…
more ...US Economy Grew at Strong 3.5 Percent Rate in 3rd Quarter
The U.S. economy grew at a robust annual rate of 3.5 percent in the July-September quarter as the strongest burst of consumer spending in nearly four years helped offset a…
more ...Sources: Honda Mulls Moving US-Bound Fit Production to Japan
Honda Motor Co is considering shifting production of its U.S.-bound Fit subcompact cars to Japan from Mexico in a few years, partly due to a new North American trade agreement,…
more ...WTO Member Group Vows to Reform Rules on Subsidies, Dispute Settlement
Top trade officials from 12 countries and the European Union on Thursday vowed to reform World Trade Organization rules in the face of U.S. actions that threaten to paralyze the…
more ...US Stocks Rebound Strongly
Major U.S. stock indexes made strong gains in Thursday’s trading after some upbeat profit reports by major companies. The Nasdaq composite posted its biggest daily gain since March, as Microsoft’s upbeat earnings spurred a rebound…
more ...Tech Companies Lead Another Steep Sell-Off in US Stocks
Another torrent of selling gripped Wall Street on Wednesday, sending the Dow Jones Industrial Average plummeting more than 600 points and extending a losing streak for the benchmark S&P 500…
more ...Saudi Crown Prince Expects Economic Growth of 2.5 Percent in 2018
Saudi Crown Prince Mohammed bin Salman said on Wednesday the kingdom will continue with reforms and spending on infrastructure, predicting the economy will grow by 2.5 percent this year. Speaking…
more ...Rust Belt’s Got Talent, But No Money
Julius Wakam worked in auto manufacturing for 11 years before being laid off in 2008. Today, the married father of three has a job at a hardware store to make…
more ...UK Watchdog: Smugglers to Exploit Border if no Brexit Deal
Smugglers and other organized criminals are likely to exploit gaps in border enforcement if Britain leaves the European Union without an agreement, a watchdog warned Wednesday, amid a growing chorus…
more ...No US High-ranking Officials to Attend China Investment Fair
The U.S. will not send a high-ranking official to attend a major investment fair in China next month, the U.S. Embassy said Wednesday, in a move underscoring worsening trade frictions…
more ...US Lawmaker Vows to Work Toward New Trump Tax Cut
The top Republican lawmaker on tax policy in the U.S. House of Representatives said Tuesday that he was working with the White House and Treasury to develop a new 10 percent middle-class tax…
more ...Syria’s Food Production Hits 29-Year Low
A report by the Food and Agriculture Organization and World Food Program finds extreme weather conditions in Syria have caused the lowest production of wheat and barley for nearly three…
more ...First Sign Language Starbucks Opens in Washington DC
Coffee drinkers in the nation’s capital can now order that tall pumpkin spice iced skim latte in sign language. Starbucks has opened its first U.S. “signing store” to better serve…
more ...Wall Street Indices Fall; Oil Tumbles on Demand Worries
Wall Street indexes fell in Tuesday’s volatile session, though they pared losses sharply by the closing bell as investors looked for bargains. Oil dropped sharply on demand worries. After falling as much…
more ...Foreigners Sold Net $1.1 BLN of Saudi Stocks in Week to Oct 18
Foreigners sold a net 4.01 billion riyal ($1.07 billion) in Saudi stocks in the week ending Oct. 18, exchange data showed on Sunday – one of the biggest selloff since…
more ...IMF Reaches Deal with Ukraine on New $4 Billion, 14-Month Loan
The International Monetary Fund announced Friday it had reached an agreement with Ukraine on economic policies that would unlock a new loan deal that will provide nearly $4 billion. The…
more ...Women-to-Women Business Fund Comes to Britain
A women-to-women investment fund is coming to Britain next month to boost financing for female-owned businesses, its founder said Thursday, as efforts grow to close the gender investing gap. SheEO…
more ...US Stocks Slide on Saudi Arabia, Italy Concerns
U.S. stocks fell more than 1 percent on Thursday as the European Commission issued a warning regarding Italy’s budget and concerns mounted about the possibility of strained relations between the United States and…
more ...Russian Firms Test Non-Dollar Deals to Sidestep US Sanctions
Several major Russian companies are exploring ways to do deals abroad without using dollars, spurred on by a U.S. threat to broaden sanctions that have impeded access of some Russian…
more ...Warsaw Taxis Hold Anti-Uber Go Slow
Hundreds of taxis on Thursday drove at a snail’s pace across the Polish capital Warsaw in protest at the ride-sharing app Uber and other unlicenced competitors. Other cab drivers gathered…
more ...Mnuchin Pulls US Out of Saudi Investment Conference
U.S. Treasury Secretary Steve Mnuchin has pulled out of an investment conference next week in Saudi Arabia, as Riyadh continues to face questions about its involvement in the disappearance and…
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