19 Sep 2018

feedGlobal Economy

Li Keqiang vows business sweeteners as tariffs kick in

Chinese Premier's promises come a day after Washington ratchets up pressure in trade war

19 Sep 2018 6:57am GMT

feedBBC News - Economy

China won't devalue yuan to boost exports, says Premier Li

China's Premier Li Keqiang says it is essential to uphold principles of free trade and multilateralism.

19 Sep 2018 6:56am GMT

feedGlobal Economy

Lift off? Norges Bank set for first rate rise since 2011

Analysts expect three to four more rises before end of 2019 - but question is when

19 Sep 2018 5:30am GMT

US business groups rail against Trump’s China tariffs

Trade associations support pushing Beijing to open markets but say tactics 'ineffective'

19 Sep 2018 4:03am GMT

How private equity firms became the new banks

After the crisis the largest groups launched huge lending arms. But will they falter when interest rates rise?

19 Sep 2018 4:00am GMT

China pledges equal treatment for foreign investors

19 Sep 2018 3:48am GMT

Indian business lobbies government over tariff fears

New Delhi scrambling for ways to shore up depreciating currency

19 Sep 2018 3:00am GMT

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China will use trade war with U.S. to replace imports - state media

China will use trade war with U.S. to replace imports - state mediaChina is not afraid of "extreme measures" the United States is taking in their trade war and will use it as an opportunity to replace imports, promote localisation and accelerate the development of high-tech products, state media said. The world's two largest economies dove deeper into a trade war on Tuesday after Beijing added $60 billion of U.S. products to its import tariff list in retaliation for U.S. President Donald Trump's planned levies on $200 billion worth of Chinese goods. "To deal with the trade war, what China really should do is to focus on doing its own thing well," the People's Daily said.


19 Sep 2018 12:43am GMT

feedGlobal Economy

Japan notches second straight trade deficit despite exports boost

19 Sep 2018 12:35am GMT

18 Sep 2018

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Brazil diesel subsidy program threatens Petrobras, market -FCStone

Brazil diesel subsidy program threatens Petrobras, market -FCStoneBrazil could face a diesel shortage at the end of 2018 as a result of the government's mispriced subsidy program which has discouraged suppliers, and the state-controlled oil company Petroleo Brasileiro SA may be forced to sell diesel at a loss, broker INTL FCStone said on Tuesday. Brazil's oil industry regulator ANP said it approved the payment of 871.5 million reais to Petrobras on Tuesday to compensate for the diesel subsidy.


18 Sep 2018 11:38pm GMT

feedBBC News - Economy

'Wild West' Bitcoin 'should be regulated'

Digital currencies pose a "litany of risks" and investors have little protection, says an MPs' committee.

18 Sep 2018 11:15pm GMT

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Theravance, Mylan Report Positive Data on COPD Drug Yupelri

Theravance, Mylan Report Positive Data on COPD Drug YupelriTheravance (TBPH) and partner Mylan post positive data from a late-stage program on COPD Drug, Yupelri.


18 Sep 2018 10:36pm GMT

feedGlobal Economy

10-year Treasury yield extends climb above 3%

Investors look ahead to further Fed rate rises as US economy withstands tariff war

18 Sep 2018 9:53pm GMT

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Tesla faces U.S. criminal probe over Elon Musk statements

Tesla faces U.S. criminal probe over Elon Musk statementsTesla was the worst performer in the Nasdaq on reports that it's under investigation by the Justice Department over Elon Musk's 'going private' statements.


18 Sep 2018 9:22pm GMT

Poll Shows Cruz Ahead After Weeks of Beto Worry

Poll Shows Cruz Ahead After Weeks of Beto WorryRepublican Senator Ted Cruz got some good news today after a week of headlines showcasing his unexpectedly stiff competition in the Texas Senate race. If that wasn't good enough for Cruz, 93 percent of likely Texas voters say they've already made up their mind on who to support. O'Rourke garnered increased attention after some earlier polls in the heavily Republican state showed him narrowing Cruz's lead to just a few points, spurring Republicans to warn against complacency and President Donald Trump to plan what he promised would be a massive campaign rally in the state in October.


18 Sep 2018 8:03pm GMT

Russia Inks Huge Deal With World’s Top LNG Importer

Russia Inks Huge Deal With World’s Top LNG ImporterIn its latest move to secure Asian natural gas market share, Russia has just signed a huge deal with the world's top LNG importer


18 Sep 2018 8:00pm GMT

Apple's Tim Cook Explains How The iPhone Escaped The Trade War So Far

Apple's Tim Cook Explains How The iPhone Escaped The Trade War So FarApple Inc. (NASDAQ: AAPL) CEO Tim Cook appeared on Good Morning America on Tuesday, days after announcing the latest iPhone releases. Cook discussed how the iPhone was able to skirt the trade war, and said Apple products were not included in the new U.S. tariffs on $200 billion in Chinese goods. "The iPhone is assembled in China, but the parts come from everywhere, including the United States.


18 Sep 2018 7:26pm GMT

Apple made a big mistake by killing its smallest and most affordable iPhone (AAPL)

Apple made a big mistake by killing its smallest and most affordable iPhone (AAPL)The image above shows Apple's iPhone lineup for 2018, which includes the three new iPhones introduced this month: the iPhone XS, iPhone XS Max, and iPhone XR. Apple quietly discontinued a few older iPhones to make room for the new models. Apple no longer sells the iPhone 6S, iPhone X, and most notably, the iPhone SE.


18 Sep 2018 7:25pm GMT

Stocks soar despite US, China trade war escalation

Stocks soar despite US, China trade war escalationStocks jumping despite trade war talk heating up


18 Sep 2018 7:11pm GMT

The Decline of Facebook Stock Has Created a Good Buying Opportunity

The Decline of Facebook Stock Has Created a Good Buying OpportunityWhen it comes to Facebook (NASDAQ:FB), don't confuse the core Facebook platform with the company or with Facebook stock. The core Facebook platform is the world's most widely used social media app with over 2 billion monthly active users. Consumers look at Facebook as "old" and are spending more time on other social media apps.


18 Sep 2018 7:07pm GMT

feedGlobal Economy

White House hawks ratchet up China trade hostilities

New tariffs aimed at Beijing leave little room for any settlement

18 Sep 2018 6:29pm GMT

feedBBC News - Economy

UK visas: High-skilled migrants cap 'should be scrapped'

A key report suggests making it easier for skilled workers from anywhere in the world to come to the UK after Brexit.

18 Sep 2018 6:17pm GMT

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New ‘Call of Duty’ Release Energizes Activision Shares

New ‘Call of Duty’ Release Energizes Activision SharesActivision Blizzard Inc.'s recent stock gains may be a sign that the company's new Call of Duty: Black Ops 4 is ready to take on Fortnite in the fight for "battle royale" gamers. Blackout, the newest style of play in the billion-dollar Call of Duty franchise, has impressed analysts in beta testing, and the YouTube trailer has more than 4 million views ahead of the game's Oct. 12 release. The new mode "should be highly engaging and could later be monetized," according to Goldman Sachs analyst Christopher Merwin.


18 Sep 2018 5:42pm GMT

feedGlobal Economy

China retaliates against new US tariffs in trade war

Beijing slaps duties of up to 10 per cent on $60bn of American imports

18 Sep 2018 5:27pm GMT

Trump fires another volley in the US-China trade war

Some of Washington's criticisms of Beijing are reasonable, but its response is not

18 Sep 2018 5:25pm GMT

Trump trade officials play down China tariff fears

Republicans worry damage to consumer sentiment could affect forthcoming elections

18 Sep 2018 5:14pm GMT

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Audi launches electric SUV in Tesla's backyard, with assist from Amazon

Audi launches electric SUV in Tesla's backyard, with assist from AmazonGerman luxury car brand Audi on Monday staged the global launch of a new electric sport utility vehicle on the home turf of rival Tesla Inc (TSLA.O), and highlighted a deal with Amazon.com Inc (AMZN.O) to make recharging its forthcoming e-tron models easier. The Audi e-tron midsize SUV will be offered in the United States next year at a starting price of $75,795 before a $7,500 tax credit. It is one of a volley of electric vehicles coming from Volkswagen AG (VOWG.DE) brands, as well as other European premium brands including Daimler-owned (DAIGn.DE) Mercedes-Benz, BMW (BMWG.DE), Volvo Cars and Jaguar Land Rover.


18 Sep 2018 5:13pm GMT

feedGlobal Economy

China will dig in its heels over US tariff pressure

Trump's duties hit private rather than state companies and could help Xi politically

18 Sep 2018 4:51pm GMT

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Red Hat Shares Have Even Upside-Downside Profile, JPMorgan Says In Downgrade

Red Hat Shares Have Even Upside-Downside Profile, JPMorgan Says In DowngradeDual headwinds - namely middleware deceleration and a softer renewal pattern that impacted Red Hat's first-quarter results - are likely to linger for a few quarters, Murphy said in the downgrade note. The deduction is based on the findings of JP Morgan's Q2 Red Hat partner survey, which painted a mixed picture, with a couple of metrics improving and others deteriorating. If the decelerating trend results in a CY19 EV/FCF range of 20-30 times for Red Hat, the analyst expects the shares to trade in the $120-$180 range for now, equating to an even upside/downside profile.


18 Sep 2018 4:23pm GMT

feedGlobal Economy

Pakistan to raise import duties

Government of Imran Khan unveils measures to cut budget and current account deficits

18 Sep 2018 4:03pm GMT

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SpaceX’s First Tourists Will Fly Around the Moon for Free Thanks to Japanese Billionaire

SpaceX’s First Tourists Will Fly Around the Moon for Free Thanks to Japanese BillionaireSee who's the first space tourist to ride SpaceX's BFR.


18 Sep 2018 4:00pm GMT

Piper Jaffray Pro: History Shows AMD Stock Could Fall Nearly 100%

Piper Jaffray Pro: History Shows AMD Stock Could Fall Nearly 100%If history repeats itself, Advanced Micro Devices, Inc. (NASDAQ: AMD ) investors should brace for a 96-percent crash in the stock, according to Craig Johnson. What Happened AMD is among the hottest performers ...


18 Sep 2018 3:46pm GMT

feedGlobal Economy

Philippine consumers tighten belts amid higher inflation

President Duterte should brace for electoral blowback as rising rates hurt spending

18 Sep 2018 2:56pm GMT

feedBBC News - Economy

China hits back at Trump with tariffs on $60bn of US goods

The measures come after the US imposed tariffs on $200bn of Chinese imports.

18 Sep 2018 2:55pm GMT

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Eldorado Gold seeks $877 million compensation from Greece for permit delays

Eldorado Gold seeks $877 million compensation from Greece for permit delaysThe differences between Eldorado and the government over the miner's plans to produce gold and other metals in the northern Greek region of Halkidiki have dragged on for years, mainly over environmental regulations. "We hope that this matter can be resolved in an amicable manner without needing to go down the route of arbitration," said Chief Executive George Burns in a statement. Eldorado has blamed Greece for long delays in issuing necessary permits, while Athens says the company has submitted a deficient plan to build a metallurgical plant that will process ores mined in Skouries and Olympias.


18 Sep 2018 2:42pm GMT

feedGlobal Economy

US homebuilder confidence stays put as lumber prices ease

18 Sep 2018 2:31pm GMT

17 Sep 2018

feedBBC News - Economy

No-deal Brexit would hit UK economy, says IMF

Leaving the EU without a deal will entail "substantial costs" for the UK economy, the IMF warns.

17 Sep 2018 3:31pm GMT

WEF: Robots 'will create more jobs than they displace'

Robots will create more jobs than they replace, although many roles will become redundant, a report says.

17 Sep 2018 11:16am GMT

Income 'not the only factor' in poverty

The Social Metrics Commission says assessments should include "inescapable" costs, as well as income.

17 Sep 2018 8:23am GMT

16 Sep 2018

feedBBC News - Economy

TimeOut boss: 'I am the chief servant officer'

TimeOut boss Julio Bruno says he is not a chief executive officer but a "chief servant officer".

16 Sep 2018 11:13pm GMT

UK growth forecast trimmed by British Chambers of Commerce

The BCC lowers its UK growth forecasts, and says Brexit uncertainty is harming the economy.

16 Sep 2018 11:07pm GMT

Lib Dems call for sovereign wealth fund

Sir Vince Cable wants to scrap inheritance tax and replace it with a tax on gifts to tackle inequality.

16 Sep 2018 11:52am GMT

15 Sep 2018

feedBBC News - Economy

Storms, viruses, bankers: What could cause another economic crisis?

Ten years ago the global economy almost collapsed, but what happened next and what might cause another global economic crisis?

15 Sep 2018 10:24am GMT

14 Sep 2018

feedBBC News - Economy

Trump 'orders further China tariffs'

US President Donald Trump reportedly tells staff to move ahead with tariffs on $200bn worth of Chinese goods.

14 Sep 2018 5:48pm GMT

Brexit: Carney warns no-deal could see house prices plunge

Bank of England governor Mark Carney tells the cabinet a no-deal Brexit could see home prices plunge.

14 Sep 2018 11:06am GMT

13 Sep 2018

feedBBC News - Economy

How sunglasses became a million dollar idea

The BBC's Aaron Heslehurst explains how sunglasses became a million dollar idea.

13 Sep 2018 11:44pm GMT

'I lost my dream job at Lehman and now make pasta'

Natalia Rogoff lost her "dream job" when Lehman Brothers went bust, she then set up a pasta business.

13 Sep 2018 11:10pm GMT

Turkey raises interest rates to 24% in new bid to boost lira

Central bank makes move after failing to take action in July, sending the lira slightly higher.

13 Sep 2018 3:21pm GMT