Archive | Markets

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Pentagon eyes rare earth supplies in Africa in push away from China

In the wake of the Trump administration's ongoing trade war with China , a chemical company based just outside of San Antonio is working to e...

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Uber launching helicopter service to JFK this summer

When Uber Copter arrives next month, it will only be available to members of the company's loyalty program who qualify for the top two tiers, ...

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China's MIIT gives go-ahead to four companies to do 5G commercial deployment

South Korea launched the world's first nationwide 5G mobile networks in April, while U.S. mobile carrier Verizon began rolling out its 5G serv...

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FedEx Drops Amazon from the American Skies

The decision does not impact any existing contracts between Amazon and other FedEx business units or relating to worldwide services, the package...

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Treasurer Josh Frydenberg’s warning to Australian banks ahead of cash rate cut

However, he adds that APRA's planned cuts to lending rules may re-energise the housing market even more. Cooke said, "we know the RBA cut the ...

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Italy's Di Maio Says EU Deficit Rules Must Exclude Investments

The EU Commission is in charge of monitoring EU countries' budgets and is obliged to publish reports on states which appear to deviate from agre...

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Oil prices extend gains, climb further from 5-mth lows

Meanwhile, oil demand is also facing pressure from slowing economic growth and trade tensions. At the time of writing, WTI is trading at aro...

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Mexico Offers Tougher Enforcement To Avoid Trump's Tariff Threats

Beyond Trump and several White House advisers, few in his administration believe the tariffs are a good idea, according to officials familiar wi...

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Walmart to begin direct-to-your-fridge grocery delivery this fall

Called InHome Delivery, the system is Walmart's take on rival Amazon's Key service, which allows packages to be placed inside a customer's ho...

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Bernie Sanders urges Walmart to boost 'starvation wages'

CEO of Walmart since 2014, McMillon received nearly $24 million in cash and stock-based pay over the a year ago, a compensation package blasted...

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Toyota and Subaru join forces to create rival to Tesla Model X

Customers can expect Subaru to introduce new all-wheel-drive, all-electric midsize and large passenger SUV nameplates in the US market in 2021...

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National Donut Day 2019 deals in Southwest Virginia

Several stores in the Stateline and around the country are celebrating by offering free donuts . And to all the places in North Austin where yo...

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U.S. private sector adds fewest jobs in May since 2010 -ADP

Slowing growth, worsening trade tensions between the United States and China, and looming USA tariffs on goods imported from Mexico have led som...

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China Issues Official Document on Trade War, Attacks Reasoning Behind Tariffs

The key message is that China is willing to work together with the U.S. to find solutions, said Ding Shuang, chief China and North Asia economis...

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Vladimir Putin threatens to drop New START nuclear treaty

Trump's domestic rivals in the Democratic Party have also voiced concern over the lack of negotiations. Britain's relationship with Russian Fe...

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Google to buy Looker for US$2.6B to expand cloud offerings

Its tool enables analysts and other workers to define calculations for items such as revenue or high-value customers and then visualize trends...

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Repo rate lowest since 2010 after RBI’s third cut this year

Lower interest rates help make credit cheaper for borrowers, though they can also spur inflation . However, Ind-Ra believes, more than the r...

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Fiat Chrysler-Renault deal collapsed because of Nissan role

The company says its board made the decision at a meeting Wednesday evening. "However it became clear that the political conditions in France ...

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Mexican President to visit USA border

Markets expect central banks to chip in if trade tensions hurt global econnomy . Speaking at his regular morning news conference, Lopez Obrad...

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Neil Woodford's woes deepen as big backer drops him

SJP said the funds' investment criteria will retain "a strong liquidity profile" and remain focused on income, with a weighting to FTSE 350 stoc...

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FCA withdraws Renault merger proposal

Fiat Chrysler , an Italian-American company, withdrew from a 50-50 merger proposal for its French rival after a board meeting on Wednesday. "I...

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Wall Street soars on USA rate cut hopes

Nolte said investors also were encouraged after Mexican President Andres Manuel Lopez Obrador said he was optimistic that a deal could be reache...

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Ikea teams up with Ori on robotic furniture

Ikea on Tuesday announced it will roll out robotic furniture through a partnership with USA -based startup Ori . Ikea and Ori collaborate ...

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'Always a chance' of military action regarding Iran, but 'I'd rather not'

While officials have not publicly shown any of the intelligence that they said led to the deployment of the carrier, as well as aircraft and a...

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BMW and Jaguar Land Rover to team up on electric cars

The EDUs will be developed to suit the requirements of each partner. By sharing development and production planning costs, as well as achievin...

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Walmart expands college tuition benefits

As Walmart looks to fill vacant openings, it's making a pass that's hard for high school students to ignore. "As the largest employer in the n...

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ANZ CEO defends not passing full interest rate cut

Treasurer Josh Frydenberg called on the banks to pass on the cuts in full . In a statement following the decision, RBA Governor Philip Lowe sa...

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Nissan may pay big price for resistance to FCA-Renault merger

Nissan CEO Hiroto Saikawa cast doubt Tuesday on whether his company will be involved in a Renault-Fiat Chrysler merger - and suggested adding F...

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Michelin Helps Move an Airless OE Car Tire Closer to Reality - Suppliers

The real-world tests are created to help further develop the tires so GM can introduce them on passenger vehicles as early as 2024 . The road...

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Crude oil futures fall 0.51% on weak global cues

Analysts said the fall in crude oil futures was in tune with a weak trend in global market where it slipped on rising fears of a global ec...

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