Business News

Australia trade minister to visit China in sign of thaw

The minister's press office would not immediately comment on whether Birmingham would meet with any senior Chinese officials on his trip to Shanghai.

Nov 4, 2018

By Reuters

theresa-may-no-question-of-second-brexit-referendum

All-UK customs Brexit deal report is 'speculation' - PM May's office

May's cabinet will meet on Tuesday to discuss her plan, and she hopes there would be enough progress by Friday for the EU to announce a special summit.

Nov 4, 2018

By Reuters

Trade war, spy claims cloud horizon for China airshow

Boeing Co, which is opening a 737 completion plant in China, will not display any of its planes but only models at its exhibition stand.

Nov 4, 2018

By Reuters

China says will provide economic aid to Pakistan but more talks needed

Pakistan's foreign reserves have plunged 42 percent since the start of the year and now stand at about $8 billion, or less than two months of import cover.

Nov 3, 2018

By Reuters

U.S. allows eight importers to keep buying Iran oil for now

India and South Korea were also on the list, said a source familiar with the matter who spoke on condition of anonymity.

Nov 3, 2018

By Reuters

Sotheby's will auction the only known moon rocks to be returned to Earth and be legally available for private ownership: three lunar samples retrieved by the Soviet Union's Luna 16 probe in 1970 and subsequently sold by Sotheby's for $442,500 in 1993. (So

Touch the moon if you can: Only known moon rocks to be auctioned in New York

The art dealer company Sotheby's is going to conduct the auction in New York on November 29 that will feature three lunar pebbles.

Oct 31, 2018

By Bhaswati Guha Majumder

China's economy expands 6.7% in Q3, as Govt spending offsets weak exports

China factory growth weakest in over two years, slump in export orders deepens

If the United States follows through on its promise to increase its tariffs to 25 percent at the turn of the year, exporters will feel more pain.

Oct 31, 2018

By Reuters

SpaceX founder Musk speaks at a press conference following the first launch of a SpaceX Falcon Heavy

Musk shakes up SpaceX in race to make satellite launch window

SpaceX spokeswoman Eva Behrend told Reuters the Redmond office remains an essential part of the company's efforts to build a next-generation satellite network.

Oct 31, 2018

By Reuters

Elon musk

Facebook expects rising costs to combat scandals to moderate after 2019

A few financial analysts are concerned that the company's operational problems are so vast that revenue growth and cost containment will not come as expected.

Oct 31, 2018

By Reuters

Facebook Mark zuckerberg

After years of global success, Reliance Industries faces oil shock at home

Reliance's refineries processed crude from the nearby Middle East and sold fuel to fast-growing markets in North Asia including China, Japan, South Korea and Taiwan.

Oct 29, 2018

By Reuters

Workers install the chassis along a production line at a truck factory of Anhui Jianghuai Automobile Co. Ltd (JAC Motors) in Hefei, Anhui province

China factory growth seen cooling further as U.S. tariff impact mounts: Reuters poll

The official manufacturing Purchasing Managers' Index (PMI) is expected to have slipped to 50.6, the lowest since February and down from 50.8 in September.

Oct 29, 2018

By Reuters

trump-after-pennsylvania-shooting-bring-back-the-death-penalty

Trump's Iran sanctions resolve faces test from oil-thirsty China, India

The strategy is meant to cripple Iran's oil-dependent economy and force Tehran to quash not only its nuclear ambitions, but this time, its ballistic missile program and its influence in Syria.

Oct 29, 2018

By Reuters

elon-musk-calls-british-diver-who-helped-thai-schoolboys-is-a-pedo-guy-in-twitter-outburst

Tesla's Elon Musk says tweet that led to $20 million fine 'Worth It'

The tweet, sent late Friday evening less than an hour before Musk tweeted that he would take a break from Twitter "for a few days."

Oct 28, 2018

By Reuters

Elon musk

Robots to make robots at ABB's new $150 million factory in China

China is expanding its robot workforce, as wages for human workers there rise and the country seeks to compete with lower-cost countries via greater automation.

Oct 28, 2018

By Reuters

European Commission to fine Qualcomm $1.23b

Qualcomm says Apple $7 billion behind in royalty payments

Qualcomm made its comments about the size of Apple's unpaid royalties in a hearing in one of the cases in federal court in San Diego.

Oct 27, 2018

By Reuters

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