Business News

Seeking to avert higher tariffs, China dispatches top negotiator to US

A spokesman for the US Trade Representative's office said the higher tariffs are scheduled to take effect at 12:01 am EDT on Friday.

May 8, 2019

By Reuters

Asia stocks slip, bonds rally on fears China-U.S. trade deal unravelling

Global growth will suffer as a potential trade deal between the United States and China appeared to be unravelling.

May 8, 2019

By Reuters

Oil prices under pressure from US-China trade dispute, market remains tense

Global economic growth is threatened by the intensifying trade dispute between the United States and China, analysts say.

May 7, 2019

By Reuters

Buffett says Tesla can't sell insurance, Musk hits back

In an earnings call with analysts in April, Musk revealed his plans to launch an insurance product, and Buffett isn't in agreement.

May 6, 2019

By IANS

Elon musk

Five things to watch for during LME Asia Week

Here are five themes attendees will be seeking information on over two days of seminars.

May 6, 2019

By Reuters

Occidental tweaks $38 billion Anadarko bid to remove shareholder vote

The move means Occidental shareholders who oppose the bid will not get an opportunity to vote it down.

May 6, 2019

By Reuters

Trump vows tariff hike on Chinese goods, escalating tension in trade talks

China was considering cancelling this week's trade talks in Washington in light of Trump's comments, which took Chinese officials by surprise

May 6, 2019

By Reuters

Saudi private sector growth stable in April, employment subdued: PMI

The Saudi private sector struggled last year because of fuel price hikes, the introduction of a 5 percent value-added tax and higher fees for hiring foreign workers.

May 5, 2019

By Reuters

Warren Buffett: Berkshire discloses enough about itself

Buffett defended Berkshire's disclosures in responding to three questions at Berkshire's annual shareholder meeting in Omaha, Nebraska.

May 5, 2019

By Reuters

Pornhub 'extremely interested' in buying Tumblr to restore NSFW content

Pornhub Vice President Corey Price said Pornhub is "extremely interested" in buying Tumblr, and plans to restore Tumblr's NSFW reputation.

May 4, 2019

By Arthur Villasanta

Fast-spreading pig 'Ebola' virus in China to upset global meat trade balance

With the culling of the infected pigs, the population of swine will effectively go down, thus creating dependency on other meat.

May 4, 2019

By Nandita Natrajkumar

US job growth surges; unemployment rate drops to 3.6 %

Job growth surged in April and the unemployment rate dropped to the lowest in nearly half a century according to statistical reports.

May 4, 2019

By Reuters

Workers from ScanDrill Ltd clamp together pieces of pipe while drilling an oil well for Jagged Peak Energy Inc near Fort Stockton, Texas.

Exxon Mobil sues Cuba for $280 million over expropriated property

Exxon sued Cuba's state-owned Cuba-Petroleo and CIMEX Corp seeking $280 million in thee aspects.

May 4, 2019

By Reuters

Disney to sell Fox regional sports networks to Sinclair for $9.6 billion

This deal will help Sinclair add channels to its existing sports business -- Marquee Sports Network and Ring of Honor Wrestling.

May 4, 2019

By Reuters

Oil falls on surging US output, set for weekly decline

Analysts say U.S. supply will rise further as its export infrastructure is improved,some analysts say the long-term price risk to crude oil is skewed to the downside.

May 3, 2019

By Reuters

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