Finance

Flipping in criminal cases should be made illegal: Donald Trump

Michael Cohen's lawyer Lanny Davis says that members of the Senate Intelligence Committee failed to ask the right "follow-up questions" when his client app...


Team Trump warns impeachment would prompt revolt, economic crash

Fox conducted its interview with Trump on Wednesday morning, less than 24 hours after Cohen pleaded guilty to fraud charges and campaign finance violations. T...


Fire contained at Tesla's car production factory in California

The fire started at about 5:20 p.m. on a cardboard pile close to the factory test track and then spread to an outside structure and sparked a grass fire, the Fr...


Markets welcome Fed speech aimd emerging market jitters

Mester and Bullard give opposing views on the outlook for interest rates New paper says don't blame lax antitrust for dominant companies Two regional Federal R...


Credit Suisse freezes $5bn in Russian money in compliance with USA sanctions

The Zurich-based Credit Suisse owned aircraft surrendered by Russian tycoon Oleg Deripaska before the sanctions, and had also lent money to businessman Vikto...


Fed chair finally responds to Trump's attacks over rate hikes

The Fed should raise rates further this year and probably next year as well, despite Trump's opposition to tighter policy, Kansas City Fed President Esther Geor...


Dollar dips on trade optimism, U.S.-China talks awaited

Tencent Holdings Ltd was the biggest contributor to MSCI's global stock gauge, which rose 0.52 percent, and it was the top gainer on Hong Kong's Hang Seng ind...


SEC Says It Will 'Review' Bitcoin ETF Rejections

In what is sure to be surprising news for all, the U.S. Securities and Exchange Commission (SEC) has chose to place a stay on three orders that rejected Bit...


USA bull market becomes longest in history

The S&P 500 index experienced its 3,453rd straight session without a drop of 20 percent from its peak, matching one possible definition of an uninterrupted bull...


Savannah Sears at Oglethorpe Mall set to close

Liquidation sales will kick off as early as next week. The closures are expected to be complete by November. Hoffman Estates-based Sears also hinted more st...


Cohen turned on Trump at Holocaust-survivor father's urging

The president did say he felt "badly for both" men, but he largely ignored Cohen's guilty pleas to eight felonies. Cohen has said Trump illegally directed...


Asia stocks capped, dollar droops following Trump comments

The dollar, on the ascent in recent months thanks to Fed rate rises and a robust USA economy, stumbled after Trump's latest criticism of the central bank. "What...


SEC Rejects Two Bitcoin ETFs

According to Jake Chervinsky, a government enforcement defense & securities litigation attorney for Kobre Kim LLP, the SEC disapproved all seven ETFs becaus...


Liam Fox wants the United Kingdom to be an 'exporting superpower'

Fox said Britain's competitors were discussing wider global issues as he laid out a plan to make Britain a "21st century exporting superpower ". The plan c...


United States bull market becomes longest in history

The latest bull run which began on March 9, 2009, when the S&P 500 hit a low of 666 after the Lehman crisis has persisted for 3,453 days by the end of trading o...


Saudi cancels plan to sell shares of state oil company Aramco

The wire service quoted a source suggesting the decision was taken some time ago but is not being announced. "The government remains committed to the IPO of ...


Existing Home Sales Fell for Fourth Straight Month in July

USA sales of existing homes slipped for the fourth consecutive month, declining 0.7 percent in July to the slowest pace in more than two years as the real estat...


Jaitley back in North Block after 100 days

Union Minister Arun Jaitley made his return after three months to the finance ministry after being away for a kidney surgery. He started work after getting a a ...


Lowe's is closing all 99 locations of California-based hardware-store chain

Primarily based on the West Coast, the chain helped Lowe's expand into markets including California, Florida and Oregon. Orchard Supply Hardware was the first t...


Google Pixel 3 XL wireless charging confirmed as camera samples leak out

While there are no substantial live leaks for the 2018 iPhone lineup so far, Google's Pixel 3 XL is a completely different story. Of course, all that said, a ...


Malcolm Turnbull's leadership in tatters as key ministers abandon the PM

Mathias Cormann, Michaelia Cash and Mitch Fifield made their positions public on Thursday in a major blow to Prime Minister Malcolm Turnbull's chances of surv...


Jerusalem: Israel will pay ‘high price’ for embassy move

John Bolton, Trump's national security adviser, told reporters in Jerusalem on Wednesday that a "lot of progress" has been made, but would not say when it w...


Trump downplays US-China trade hopes

They will take place hours before the countries are due to extend their dispute with new levies on products worth billions of dollars. Trump has threatened to...


U.S. drops agriculture demand from NAFTA talks

Freeland said she has been in close contact with her US and Mexican counterparts throughout their two-way NAFTA talks, which are now in their fifth week. The ...


USA imposes fresh sanctions over Russian cyber attacks

The stockpile was valued at $77.4 billion at the end of the month, according to the central bank's website. Trump has repeatedly said he would like better tie...


China Switches To Iranian Tankers To Import Iran's Oil Amid US Sanctions

To compare, the previous month, Chinese companies operated 8 out of 19 tankers that shipped oil from Iran to China . The first batch of penalties, which ca...


Venezuela launches new currency, but problems remain

Maduro also informed Venezuelans that they would no longer be able to pay low prices for gasoline - one of the few breaks that the struggling populace still h...


White House to Announce Breakthrough in NAFTA Negotiations with Mexico

Some observers believe Ottawa has been sidelined from the NAFTA negotiations by the Trump administration and could find itself forced into deciding whether to a...


ConocoPhillips in $2bn pact with PDVSA

Following months of negotiations and legal actions , the firms agreed to a deal in which PDVSA will make an initial payment of $500 million within 90 days from...


U.S. hits Chinese pipes with 132% import duties

The US Customs and Border Protection will collect cash deposits from India and the five other importers, according to a statement by the US Commerce Departme...


Oil Edges Higher But Heads For Weekly Loss

USA crude declined for the seventh consecutive week, and global benchmark Brent was dropped for a third week. For the week, Brent was down 1.4 per cent, and U...


Wall Street hits new high as bull run enters uncharted territory

The plunge took the Dow Jones industrial average down by more than 1,000 points, the most ever, and wiped out investment products that had profited from the...


Fed criticism drives dollar to eight-week low against yen

The Fed has raised rates twice this year and is expected to do so again next month. Reports on Tuesday suggested that US President Donald Trump was upset ...


Paul Manafort Guilty on 8 Counts, Mistrial Declared on 10 Counts

Democratic Sen. Richard Blumenthal of CT says the White House "looks increasingly like a criminal enterprise" after the convictions of Manafort and personal law...


United Kingdom and European Union to hold 'continuous' Brexit negotiations in bid for breakthrough

Following a meeting with Brexit Secretary Dominic Raab in Brussels on Tuesday, the EU's chief negotiator Michel Barnier revealed discussions "are now entering t...


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