Finance

US and China agree to trade war ceasefire, more talks

The leaders agreed to pause the introduction of new tariffs and intensify their trade talks, Chinese Foreign Minister Wang Yi told reporters hours later in Bue...


Floyd Mayweather and DJ Khaled fined for promoting initial coin offerings

Mayweather failed to disclose that he had received $300 000 (about R4.1m) from three different ICO issuers, including $100 000 (R1.3 million) from Centra Tech ...


New Nissan Leaf Nismo RC REVEALED - Rapid electric race vehicle unleashed

As before, the new Leaf NISMO RC is more than a one-off concept, as Nissan says it plans to build six examples and send them to various events around the wo...


Bayer to cut 12,000 jobs after Monsanto takeover, Consumer

The chemicals and pharmaceuticals group said it would cut 12,000 jobs out of its global workforce of 118,000 by the end of 2021. Two months after the merger, ...


Japan Airlines pilot, 10 times over alcohol limit, jailed in UK

Japan Airlines Co. apologized for the embarrassing incident and announced corrective measures, including better awareness and training for all its employees. To...


'Payless' Opens Fake Luxury Shoe Store To Prove Point

When they were told that the shoes were actually the same as the ones that were sold at Payless, they were quite shocked. Payless ShoeSource is a brand wh...


Powell defends Fed charge hikes amid Trump onslaught

In a speech to the Economic Club of New York, Mr Powell said: "Interest rates are still low by historical standards, and they remain just below the broad range ...


USD/JPY Strength Fizzles as Fed Chairman Powell Softens Hawkish Tone

And he said economists estimated the Fed's policy rate - at 2.25 per cent - was "just below" the estimate of neutral, a rate that neither stimulates nor restrai...


Fed-Ex driver makes unscheduled stop to fold flag

American flag etiquette stipulates that the flag should never touch the ground, but Cook's flagpole appeared to have fallen over in the wind. A FedEx drive...


Post-Brexit UK won't use EU Galileo satellite system, British PM says

Japanese investors have repeatedly said the United Kingdom could lose its standing as the country's preferred "gateway to Europe" in the event of no deal, whi...


Marriott’s guest reservation database breached, data of 500 million guests impacted

Other names include W Hotels, St. Regis, Sheraton Hotels & Resorts, Westin Hotels & Resorts, Element Hotels, Aloft Hotels, The Luxury Collection , Tribute Port...


Payless pulls a fast one on social media influencers

According to AdWeek , the reactions of the prank victims will be used for cable TV and social media ads. Shoe retailer Payless recently had a bit of fun at th...


Indian billionaire won't use tax dollars for controversial coal mine in Australia

Indian mining firm Adani vowed Thursday (29) to press ahead with the construction of a controversial coal mine in northeastern Australia, although the project...


U.S. will examine how to 'equalize' auto tariffs with China

Trump said earlier this week the chances of holding off a tariff increase to 25% is " highly unlikely ", and he repeated threats to impose tariffs on an additio...


Trudeau Calls On Trump to Remove Tariffs at USMCA Signing Ceremony

While praising the "historic" nature of the deal, Trudeau also told Trump that the progress gave "all the more reason why we need to keep working to remove th...


Notley doubles down on rail

Western Canada Select, a grade of crude produced by Alberta's prolific oil sands, closed at $13.46 a barrel earlier this month, the lowest on record in Bloomber...


US Cabinet members defend close ties with Saudi Arabia 22min

Echoing similar comments from US President Donald Trump, they said downgrading Washington's ties with Riyadh would harm US national security. Pompeo said USA ...


Fed Emphasizes Flexible Rate Path After Likely December Hike

But policymakers may be divided over what to do after that, with some anxious raising rates after December could "unduly slow" the American economy, just as sig...


Q2 GDP growth slows to 7.1% from 8.2% in Q1

While there was consensus that the economic growth in the second quarter would not be as high as 8.2 per cent recorded in the April-June quarter, estimates had ...


Dow up 600 points as Fed chief says interest rates near neutral

Fed officials have indicated for some time that they plan to keep raising rates until they reach a "neutral" point, neither slowing down nor boosting economic ...


Canada, US, and Mexico officially sign new trade agreement this morning

There is more work to be done, Trudeau said, calling the recent announcement that General Motors will close plants in Canada and the United States " a heavy...


Crude oil prices recover after plunge buoyed by speculation of cuts

Indeed, on Friday prices of United States oil fell 7 percent, sinking even deeper into a bear market that has comparatively raised investor concern. What's mo...


Trudeau, Trump and Pena Nieto set to sign USMCA

Trump, standing in between his Canadian and Mexican counterparts, said the new deal was a model agreement that would stop auto jobs from going overseas, protect...


Argentina hopes G20 summit leads to consensus on trade, climate change: FM

It put a 10% tax on goods ranging from luggage to bikes and baseball gloves. A 25 percent duty on imported light trucks was applied in the 1960s by Presiden...


Trump hints at vehicle tariffs after GM's announcement on cuts

And Ohio Democrat Sherrod Brown, who supports many of Trump's trade policies and has blocked Corker's efforts to impose congressional oversight of the tariffs, ...


Stocks markets surge on hint of slower rate hikes

The S&P 500 index rose 61 points, or 2.3 per cent, to 2,743. An afternoon recap of the day's most important business news, delivered weekdays. The Fed has a...


United States to consider raising tariffs on Chinese cars to 40%: USTR

The USTR statement follows a pair of tweets from Donald Trump in response to General Motors' decision to close several plants and layoff thousands of ...


Microsoft's Stock Market Cap Briefly Surpasses Apple's

This makes Microsoft valuation move even more remarkable - marking the first time since 2010 that the company is valued higher than Apple - and could potentiall...


Audi e-tron GT concept previews sleek electric sedan

Powered by a 90-kWh battery, the e-tron GT features Quattro all-wheel drive, as you would expect, with an electric motor at each axle paired with torque vectori...


German police raid Deutsche Bank in 'Panama Papers' graft probe

Some 170 police officers and investigators from the Frankfurt prosecutor's office were searching six of the bank's premises in and around the city, the pros...


How major U.S. stock indexes fared Monday

The S&P 500 entered correction territory for the second time in the year on Friday after it closed 10.2 percent lower from its record closing high on September ...


Chinese media says Alibaba's Jack Ma is a Communist Party member

Jack Ma , the head of e-commerce giant Alibaba Group Holding Ltd and China's best-known capitalist, is a Communist Party member, the official Party newspaper sa...


Putin says Russian Federation 'satisfied' with oil at $60

Beyond politics, production from Saudi Arabia and America's shale mean inventories are starting to rise again. Portfolio managers have slashed their combined ...


Tesla Slams Report That China Sales Plummeted Last Month

In its third-quarter earnings release last month, CEO Elon Musk complained about the ongoing trade frictions between the US and China in a call with investors...


Why Tether's (USDT) Reign As the Preferred Stablecoin Might Soon Be Over

Another argument can be that the continual doubts the crypto-verse has had with Tether, is the cause for the creation of the new stablecoins that we are seein...


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