Finance

PepsiCo to Acquire Pioneer Foods for US$1.7bn

MORE NEWS THIS CATEGORIES

China says USA solar tariffs violate trade rules, lodges WTO complaint

USA officials say such action is necessary because the WTO lacks the ability to address Chinese trade tactics. Trump's tariffs were not popular with the USA s...

White House: 'We Won't Forget' How Turkey is Treating US Pastor

The lira lost almost 40 percent against the dollar this year and suffered a staggering collapse on the heels of Trump's announcement of increased tariffs on m...

Turkey will emerge stronger from lira crisis despite row with United States: minister

The action drove the Turkish lira to a record low against the dollar and spurred declines in other emerging market currencies. Erdogan has called on Turks to ...

Turkey has more to ‘lose’ in Apple boycott

Coal, fruit, rice, and other USA products will also be hit by higher tariffs. The investment package was announced after Qatar's Emir Tamim bin Hamad Al-T...

United States and China meet for trade talks

The visit is at the invitation of the United States, the ministry said in a short statement. The Chinese Commerce Ministry announced Thursday that a delegatio...

Death toll hits 39 in Italy bridge collapse; blame begins

Genoa Prosecutor Francesco Cozzi told reporters the investigation into the collapse was focused on human causes, specifically any possible design flaws in th...

Turkey will emerge stronger from lira crisis, finance minister tells investors

Turkey's flag carrier Turkish Airlines inked a 11-billion-U.S. -dollar deal a year ago to buy jets from the American company. 'Yet at the same time (Turkish ...

Tencent's shares down as China declines new game

Industry executives have said many games in China, and not just those belonging to Tencent, have since March faced a hiatus in license approvals after China rev...

After raising tariffs on Ankara, US raps Turkish retaliation

Explaining the new tariffs, Turkish Vice-President Fuat Oktay said the rises were ordered "within the framework of reciprocity in retaliation for the conscious ...

Turkey slaps retaliatory tariff hikes on key US products

Kevin Hassett, chairman of the White House Council of Economic Advisers, noted on Monday that those tariffs involve only a "tiny, tiny fraction" of Turkey's ...

Retail inflation at 9-month low; rate hike seems unlikely

On month-on-month basis, the headline index increased by 1.13 per cent in July 2018, down by 0.11 per cent points from 1.24 per cent recorded in June 2018; repr...

Qatar’s emir travels to crisis-hit Turkey in show of support

The Turkish currency has lost almost 40 percent against the dollar this year, driven by worries over Erdogan's growing influence on the economy and his repe...

Turkey raises tariffs on some U.S. imports in response to economic 'attacks'

Turkey announced Wednesday increased duties on USA products including cars, tobacco and alcohol in retaliation to US sanctions and tariffs on Turkey in an o...

Oil falls as USA crude inventories jump unexpectedly

Yet their shipped imports in July were about half a million barrels per day (bpd) below their Jaunary-June average of 12.4 million bpd, shipping data shows. to ...

Boy among 26 dead as bridge collapses in Genoa

He added that some 30 cars and between five to 10 trucks were on the road when a section of the bridge crashed down. "I'm following with the utmost apprehensi...

Dollar hits another 13-month peak over Turkey concerns

But senior Trump administration officials, in addition to the president, have spent weeks now focusing their demands on the immediate release of Brunson, an Ame...

Tesla forms three-member panel to decide on any Musk deal

Funding to take the company private is apparently secured as well. On Monday, he said financing had been discussed with Saudi Arabia . Musk said on Monday ...

Global Markets: Shares regain footing as lira roars out of rout

His assurance came after Turkey's president blamed the lira's plunge on a plot against the country. There is no economic reason. Turkey's stock market has...

Firefighter dies battling Northern California's Mendocino Complex blaze

Thick smoke and ash spewing from the fire prompted air quality warnings. "We're spending probably, this season, over $2 billion fighting forest fires when m...

Indian Rupee hits fresh record low of 69.61 per United States dollars

The rupee on Monday touched an all-time low of 69.62 per dollar in early trade, tracking broader weakness in other emerging market currencies on concerns of a s...

Turkey's president calls lira plunge "plot", threatens to seek new alliances

Turkey's decision to hold an American pastor, Andrew Brunson , under house arrest on disputed terrorism charges, has prompted Donald Trump to impose sanctio...

Elon Musk Got 1.4 Million Dollars Richer Because Of A Tweet

The U.S. Securities and Exchange Commission is examining whether Musk's funding-secured tweet was meant to be factual, intensifying its scrutiny of Tesla's pu...

Turkey's currency in a free fall amid United States trade row

He also said the government had no plans to seize foreign currency deposits or convert deposits to the Turkish lira . However, experts paint a bleaker ...

Tesla's CEO Elon Musk sued for fraud

The lawsuits also claim Musk hasn't lined up the financing necessary to take Tesla private and therefore made false statements. The lawsuits were filed thre...

Tech stocks take Nasdaq closer to record

US stock-index benchmarks slumped to start Friday trade, tracking a global equity retreat fueled by a mounting currency crisis in Turkey, which raised the a...

China exports accelerated in July despite rise in US tariffs

Yet official figures appear to show that the increasingly fierce dispute has not applied the brakes to Chinese exports, with the latest data revealing growth of...

US SEC Delays Decision Concerning Bitcoin ETF Until September 30

They often provide access to every major asset class and are seen as great investment options since they are easy to use, transparent, flexible, and reasonably ...

Monsanto to pay US$289 million over weed killers that caused cancer

A San Francisco court was told how Dewayne Johnson has a terminal form of non-Hodgkin lymphoma which he claims developed after he worked as a pest control man...

Hundreds to be affected by Ryanair strikes at Stansted Airport

But Ryanair insisted in a statement that 'there will be no cancellations (of flights to and from the Netherlands) as a result of the unnecessary strike action b...

Turkish lira continues downward spiral, hits new record low

Erdogan, a self-described "enemy of interest rates", wants cheap credit from banks to fuel growth, but investors fear the economy is overheating and could be se...

Russian Federation 'is ready for economic war with US' over sanctions

European countries and the United States expelled 100 Russian diplomats after the attack, in the strongest action by President Donald Trump against Russia since...

City Council passes bill that caps licenses for for-hire vehicles

The first such cap by any major US city was part of a package of measures that also includes setting a minimum wage for drivers. "The City's 12-month pause on...

U.S. to impose $16 billion import tariffs on China

The US had already levied 25 per cent duties on US$34 billion in Chinese goods on July 6 , prompting swift in-kind retaliation from Beijing. So far, the USA ...

Snap Inc., Snapchat parent company, reports Q2 2018 earnings

And while those on the Street were expecting the company to report a loss of 17 cents a share, Snap reported a loss of 14 cents a share, again bettering Wal...

Commodities - Oil Prices Firm on Rising US Crude

Net long positions in Brent and WTI were cut from a peak of 1.093 billion barrels in mid-April to 790 million barrels by the end of the first week in June, an...