Stories about Economy

Sep 20 2018

OPEC crude basket rises to $76.02

WTI futures gained 2.5 percent in the previous session. Brent crude oil spot prices averaged 73 US dollars per barrel in August, down nearly 2 dollars from July. India ...

Sep 18 2018

Coca-Cola looking into cannabis-infused drinks

And the company is interested enough in selling CBD beverages that it also held talks with Aphria, another Canadian marijuana producer about two months ago, insiders to...

Sep 18 2018

US$200 billion in Chinese goods officially 'Tariffed!'

USA trade actions against China will not work as China has ample fiscal and monetary policy tools to cope with the impact, a senior securities market official said. The...

Sep 17 2018

Oil prices claw back some ground, but demand worries drag

Following Chinese President Xi Jinping's call for a boost to national energy security amid trade tensions, the country's crude oil output rose in August for the first...

Sep 14 2018

U.S., Canadian trade negotiators set for second day of…

Canada's politically powerful dairy farmers are likely to resist changes to the price controls and high tariffs that protect them from foreign competition. Freeland is ...

Sep 14 2018

Bezos: 'Secure and Confident' Trump Would be 'Glad' to be Scrutinized

Earlier this month, US Senator Bernie Sanders, a self-described democratic socialist, proposed a bill in Congress called the "Stop BEZOS" Act, which would make large cor...

Sep 11 2018

BJP-ruled Maharashtra breaks new record: Highest petrol price in India

On Monday, the petrol price was Rs 89.97 and diesel stood at Rs 77.92 in the town with a population of around 3,10,000, around 500 kms east of Mumbai in Marathwada region...

Sep 10 2018

Why does Tesla CEO Elon Musk keep getting himself into a mess?

The comedian offered the 47-year-old billionaire a marijuana and tobacco cigarette, which are legal in the state of California. Shares of Tesla fell as much as 10% am...

Sep 10 2018

Barack Obama says Trump is ‘the symptom, not the cause’ of division

Obama also said that the message would not just be focused on die-hard Democrats. "We're going to put on our marching shoes, we're going to start knocking on some doors...

Sep 09 2018

Bitcoin Drops 3 Percent in 10 Minutes, Ethereum Plunges 12 Percent

The next few days are going to be crucial for market. While 80% of Americans heard of Bitcoin (BTC ) and other cryptocurrencies as well, 49% of them said they never us...

Sep 09 2018

Everybody move up: Tesla shuffles executive ranks

In an emotional August interview with The New York Times last month , the CEO said he was working as many as 120 hours a week, admitting that friends were anxious he was ...

Sep 08 2018

Concerns in US, Asia over fresh round of tariffs

To a certain extent it's going to be up to China . China, which retaliated against initial tariffs in July and last month, has said it will hit back against a new ro...

Sep 08 2018

Alibaba's Jack Ma 'to step down'

He has mostly detached himself from operational matters and the daily management of his sprawling business empire since stepping down as chief executive officer in 2013, ...

Sep 07 2018

British Airways data breach put customers' financial info at risk

The thefts occurred during a data breach that affected bookings made on the airline's website and app between August 21 and September 5. "We are deeply sorry for the di...

Sep 06 2018

Iranian rial hits record low against dollar on mounting economic woes

U.S. WTI futures were trading at $70.06 per barrel as of 1:05 p.m. HK/SIN, up 0.37 percent. USA crude CLc1 was 10 cents higher at $69.90. Front-month volumes in the cru...

Sep 03 2018

JUST IN: Pres ED leaves for FOCAC Summit

Last month, Malaysian prime minister Mahathir Mohamad canceled more than $20 billion worth of planned Chinese infrastructure projects, saying he was concerned about payin...

Sep 02 2018

Coca-Cola buys Costa coffee chain for $5.1 billion

In more recent years , it the company has been focused on building Costa into a multi-channel, global coffee brand. JAB, the Luxembourg-based holding company that owns b...

Sep 02 2018

California's Net Neutrality Law Could Lead to Protections Nationwide

When it was repealed, it opened the door for internet service providers to block content, slow data transmission, and create "fast lanes" for consumers who pay premiums. ...

Sep 01 2018

NAFTA deal by Friday is ‘doable,’ Canadian official says

Trump also threatened Canada that if it can't reach a new trade deal , then he will slap it with devastating tariffs on automotive imports. "It's a must-have", sai...

Aug 29 2018

NAFTA is Out, a New Trade Deal With Mexico is Officially Here

President Trump may have touted his new agreement with Mexico as a negotiating ploy to get Canadians back to the table with a sense of urgency. Higher labor standards:...