Finance

France abandons petrol price hikes in response to violent protests

The rising cost of gasoline and diesel fuel sparked protests that have since evolved into broader demonstrations against Macron's government, exposing tensions ...


Imperial Oil slams Notley's cuts as 'negative message to investors'

Cutting production: The province has ordered the output of raw crude oil and bitumen to be reduced by 8.7 per cent, or 325,000 barrels per day, starting in Ja...


Senior Huawei executive arrested in Canada

Meng tried to evade the USA trade embargo against Iran but provided no further details. No other details were available. The federal Crown prosecutor handling...


Donald Trump Warns China: 'I Am a Tariff Man'

Moreover, none of the commitments that USA officials said had been given by China, including reducing its 40 percent tariffs on autos, were agreed to in writing...


Qualcomm says it has 'no plans' to revive failed NXP bid

Chinese regulators did not have immediate comment. Due to trade tensions Chinese antitrust authorities originally withheld their approval of the Qualcomm-NXP de...


100m Quora users’ data stolen by hackers

Quora, like many sites today, offer the option to log in with a Google or Facebook account, which may have been the "linked networks" that their blog is referri...


North American leaders sign NAFTA replacement deal

Democratic Senator Sherrod Brown of OH says the US needs to reopen discussions with Mexico and Canada on trade. If Congress doesn't approve the replacement ...


Trump may suspend additional China tariffs under proposed deal

Washington will tell in its own way its version of the event - a major diplomatic occasion that could affect the world's economic trajectory for years to come -...


Amazon Tests Its Cashierless Technology for Bigger Stores

The test is said to be a potential trial run for cashierless checkout at Whole Foods, the grocery store chain Amazon acquired a year ago for more than $13 billi...


Stock rally builds in Asia on Powell's dovish tilt

USA markets were sent soaring Wednesday after Fed chief Jerome Powell said borrowing costs were still historically low but only "just below" the neutral level, ...


Canada Joins Oil Cut Drive as Alberta Seeks to Ease Glut Crisis

Fire-sale prices have led to concerns the oilpatch will have to find savings elsewhere in the coming weeks and months by slashing capital spending or jobs. But ...


Days of Events Honoring Former President George HW Bush

Bush Library Center in College Station, Texas this week, where he will be eulogised by former President George W. Bush . President Trump plans to attend....


Iraqi Oil Surge Puts Hurdle on OPEC's Path to Production Cuts

The reason behind the increase in oil production by Saudi Arabia and other producers in the past few months is because of the USA sanctions over the Iranian o...


Qatar to withdraw from Opec in January 2019

He added, "Qatar has worked diligently during the past few years to develop a future strategy based on growth and expansion, both in its activities at home and ...


USA stocks surge after Fed chair's comments on interest rates

The minutes also revealed that Fed officials talked about modifying language in their policy statement, which now states that it expects "further gradual incr...


G-20 summit hits a stumbling block with trade and climate discussions

China , which has already slapped tariffs on $110 billion in US goods, is likely to retaliate, ramping up a conflict that is already rattling financial markets ...


BMW Fact-Checks Trump On ‘Major New Plant,’ Which Hasn’t Been Finalized

In his latest attack, Mr Trump pointed to the 25% duty on imported pickup trucks and commercial vans from markets outside North America as supporting the indust...


'Battle' over as Trudeau, Trump, Pena Nieto sign 'new NAFTA'

He called the deal by its old name NAFTA, prodded Trump over United States steel and aluminium tariffs, and said General Motors Co's decision to cut productio...


Powell hints at slower rate-hike pace

USA equities rejoiced in the form of a 600-point rally in the Dow Jones Industrial Average as a result of Federal Reserve Chairman Jerome Powell's speech at t...


Oil drops below $50 for first time in a year

The more-active February contract rose 6 cents. A director with Tortoise, Nick Holmes, who manages a portfolio in energy that is over $16 billion, this report...


Trump Signs New Trade Pact With Canada, Mexico Leaders To Replace NAFTA

Earlier this month, Yerxa's trade council and 33 other industry groups urged the administration to drop its metals tariffs on shipments from the North American ...


Gold poised for breakout as Fed halts dollar, yields rally

That could fall to two when officials update those forecasts at their December 18-19 meeting, Wrightson ICAP LLC chief economist Lou Crandall said . Wall Str...


Trump touts new US BMW factory. But that's not happening

Dias said he would meet with the United Auto Workers on Wednesday and discuss the possibility of "mass actions" in GM plants across the two countries. GM, Tesl...


G20 summit in Buenos Aires

Both GM and Ford have said the rise in raw material costs generated by the tariffs will cost each company about US$1b of earnings. For instance, Element Ele...


Delivery backlogs to continue as Canada Post union calls for ‘civil disobedience’

After two days of special sittings to debate the matter, Senators voted 53-25 in favour of the Bill, with four abstentions. It also wants Canada Post to ado...


US Army soldiers will soon wear Microsoft's HoloLens AR goggles in combat

Citing a presentation for the European patent office, Bloomberg reports that Microsoft had sold about 50,000 total HoloLens devices as of this spring. The d...


Microsoft's Valuation Catches Up To Apple - How Did It Happen?

At 1:05 p.m. ET, Apple's $812.60 billion market value fell below Microsoft's $812.93 billion, allowing the Redmond, Washington-based tech giant to snatch the w...


Deutsche Bank’s Frankfurt HQ searched in Panama Papers probe

Prosecutors said they were looking at whether Deutsche Bank may have assisted clients to set up offshore companies in tax havens, so that funds transferred to a...


Fed's Powel says US interest rates are 'near neutral'

The federal funds rate is now between two percent and 2.25 percent. In a speech to the Economic Club of NY on Wednesday, Federal Reserve Chairman Jerome P...


UNIFOR not letting GM leave Oshawa without a fight

He said the move was part of a wider need to stay nimble and adapt, especially after the 2008 recession. GM announced that the Oshawa Assembly Plant will be ...


IPhone buyers could 'very easily' stand paying 10% more with China tariff

Trump said he was waiting for a "full report" from his national security advisers later Tuesday about the alleged attack, claiming the information would be "ve...


Microsoft’s Stock Market Value Catches up With Apple

Microsoft briefly overtook Apple on Monday as the world's most valuable company by market capitalisation before slipping back into second place. Yet, in an ...


Trump hits out at General Motors over job cuts in US

General Motors shut down its Australian manufacturing arm in October 2017 , closing its Adelaide plant and placing 944 people out of work. FBN's Ashley Webste...


Donald Trump dumps on Theresa May's Brexit deal

British and European Union negotiators will still have to work out the terms of their future relationship, and although a 36-page declaration also approved Sund...


Saudi crown prince arrives in Egypt on third leg of Arab tour

According to the Times, Argentine officials said it's highly unlikely that the investigation could lead to an arrest warrant before the G20 kicks off on Fri...


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