Finance

Oil prices dip on unexpected growth in U.S. crude stocks

The deal could be extended to achieve its objectives of keeping a balanced oil market, the source said, adding that, when needed, any rise in output would be "i...


Sears store at ShoppingTown Mall set to close, employees say

Sears lost US$424 million, or US$3.93 per share, for the period ended May 5. A year ago, the company had a $245 million profit for the first quarter of 2017, bu...


Fiat, Chrysler brands looking at major changes but not dead yet

The past few weeks have seen plenty of speculation about the automaker's future and whether or not it was going to kill off storied brands like Dodge or Fiat....


Next story Petronas wants a 25% stake in LNG Canada

Malaysia's Petronas has taken a stake in the Shell-led Canada liquefied natural gas project in Kitimat, British Columbia. Petronas and its North Montney joint...


What is China's A-share MSCI inclusion on…

KBA follows the MSCI China A Inclusion Index, which is home to the very companies MSCI will be elevating to the MSCI Emerging Markets Index. IFP Advisors Inc g...


Airline profits this year unlikely at December forecast level: IATA CEO

The April worldwide air passenger demand rose by 6.2 percent compared to April 2017, which was down from a 12-month high of 9.7 percent in March, the IATA sai...


Google Ends AI Deal With Pentagon Over Backlash

The announcement was made by Diane Greene , chief executive of Google's cloud business, at a Friday morning all-hands briefing for the Google Cloud team, which...


Trump Knew of Jobs Report Details Thursday Night, Kudlow Says

Several hours after the report was officially released, Trump, speaking at a US Coast Guard change-of-command ceremony, said the jobs data represented "yet on...


Roll-out of 10,000 EVs for government officials delayed

The International Energy Agency, an advisory council to energy-consuming countries, released a new report forecasting that by 2030, the world will have 125 mill...


Spain's new leader takes aim at corruption, austerity

While Rajoy, who became prime minister in 2011, has been on Spain's political scene for over a decade, Sánchez was relatively unknown until 2014, when he became...


Ticketfly Takes Down Network After "Cyber Incident"

Those who have purchased a ticket for an upcoming event are advised to visit the social media pages of the venue hosting the show for real-time updates . Sever...


Walmart tests concierge shopping service

Jetblack is a product of Walmart's technology incubator, called Store No. 8. The U.S. retail giant is pouring billions of dollars into beefing up its e-comme...


Google won't renew drone AI contract with Pentagon

Google misled the public about the size of the company's contract to develop AI for the Pentagon, and its executives chose against publicizing its participation...


SF subpoenas Uber, Lyft over driver wages, classification

Uber and Lyft drivers are classified as independent contractors, and the majority lack paid sick and vacation days and must pay their own expenses, such as vehi...


Fiat plans new 500e and 500 Giardiniera wagon

On Friday, at its test track in Balocco, Italy , Fiat Chrysler Automobiles revealed its bold new plan for the future. His tenure has included landmark deals,...


After Months Of Talks, Italy Has A New Coalition Government

Once installed in Rome , the new government is likely to take a Euroskeptic stance and clash with Brussels on the EU budget, immigration and European sanctions...


Trump Says He Was 'Looking Forward' to Jobs Report

The jobs report proved strong and beat expectations, revealing that the USA economy added 223,000 jobs in May. The labor force participation rate, or the pr...


Uber turned down $3B investment offer from Buffett

Buffett proposed similar terms to Uber in the wake of a crisis of the ride-hailing company's own making. A spokesman for Uber declined to comment. Uber has ...


Poundland's Response To Thameslink's Tweet Was Brutal

Britain's rail timetable is updated twice a year, but the latest version has many more changes than normal in a bid to improve punctuality and account for extra...


Microsoft has overtaken Google as the world's third most valuable company

At the end of Tuesday's regular trading session, Microsoft become the world's third most valuable firm, beating Alphabet's market value of US$739 billion (NZ$1....


Trump Warns Trudeau on Nafta: Fair Deal or 'No Deal at All'

The development is the latest sign of leaders hardening their positions - Trudeau said he saw an accord within reach but other core disputes remain, including t...


U.S. jobless rate falls to 18-year low

Meanwhile, the data showed the US unemployment rate at an 18-year low. A decades old rule prohibits US officials from discussing the numbers before their releas...


Bank of Canada holds steady on key interest rate

Bank of Canada Governor Stephen Poloz generally does not broadcast future rate moves with explicit forward guidance. As for the interpretation of "gradual", A...


The 'unbearable stench of an unwashed man' forces Transavia airliner to divert

A passenger jet was forced into an emergency landing on Tuesday as panicked travelers fainted in their seats and vomited in the aisles. "Several passengers go...


Trudeau declines to meet Trump after Pence sets precondition

President Trump is making his stance on NAFTA clear, saying the agreement must be a fair deal or there will be no deal at all. "I think it would have been bett...


World on brink of trade war as USA slaps tariffs on allies

But he exempted Canada, Mexico and the European Union to buy time for negotiations - a reprieve set to expire at midnight Thursday. "He's created a trade wa...


Malala Yousafzai's 'Otherworldly' Message To Elon Musk Wins The Internet

It started when the human rights advocate retweeted a satirical story from Clickhole that said the embattled Tesla and SpaceX CEO had a new public relations p...


OECD raises United Kingdom growth forecast

The good news is, among other things, that the OECD expects unemployment to continue to decrease, as well as the public debt, which could be shrunk to 100% of G...


Populist PM to lead new Italian government

In a last-minute shuffle of cabinet posts aimed at appeasing Mattarella, Conte remained but an 81-year-old euro-skeptic economist, Paolo Savona , was shunted f...


U.S. businesses add a solid 178,000 jobs in May

That was higher than 163,000 jobs added in the previous month but a little below market expectations of 190,000 job gains for this month. This monthly report co...


Economy adds 223K jobs in May, unemployment down to 3.8 percent

But the pickup in hiring this year suggests they are still adding to their head count and more people are reentering the job market after taking time off for he...


USA banks set for reprieve as regulators unveil 'Volcker rule' changes

The Fed's proposal preserves the bulk of the Volcker Rule but aims to clarify which trades are allowed under the regulation. The restrictions, codified in a s...


Passenger smoking in bathroom prompted emergency landing at SJC

Flight 1250 departed San Francisco International Airport and was headed to Los Angeles International Airport when the pilot reported a "mechanical difficulty", ...


Fed says Deutsche, NYC’s most active CRE lender, is "troubled"

GDAXI index, which was trading 0.6 percent lower. Deutsche Bank said it doesn't comment on specific regulatory feedback, adding, "We are highly focused on ...


MedMen Goes Public in Canada to Grow in U.S.

USA marijuana companies increasingly are turning to cannabis-friendly Canada to go public, with Los Angeles-based MedMen the latest business from south of the b...


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