The unemployment rate rose to 4.0 per cent from an 18-year low of 3.8 per cent in June as more people entered the labour force in a sign of conf…
Archive | Markets
Canada adds 31,800 jobs in June
Trump Tariffs Against China Take Effect
Analysts at Bank of America Merrill Lynch forecast only a modest escalation in the US-China battle, adding: “However, we can’t rule out a full-b…
UMC recieves favourable ruling in Chinese patent dispute
In its civil complaint in December, Micron accused UMC of attempting to recruit high level personnel in Taiwan and entice former staff at Micr…
Canada still aiming for intensive NAFTA talks
But that effort has stalled, and Trump said on Sunday that he didn’t expect a deal that he could support until after the United States midterm…
China central banker says currency slide under observation
Chinese currency and equity markets have been on edge ahead of Friday, when United States tariffs on US$34 billion (S$46.5 billion) worth of Chi…
Iran tells Trump: stop tweeting, it’s driving up oil prices
West Texas Intermediate crude for August delivery rose 20 cents to settle at US$74.14 a barrel on the New York Mercantile Exchange, after earlie…
Gas prices are up and OPEC ‘doing little to help’
As oil prices continue to fall, the American Petroleum Institute (API) reported another major draw of 4.5 million barrels of United States …
Trump denies plan to pull out of WTO
CNN confirms the existence of the leaked proposal, called the United States Fair and Reciprocal Tariff Act . Amid a separate U.S. dispute wi…
US Economy Could Lose $14B Over Auto Import Tariffs
USA auto manufacturing giants are under pressure on Monday and shares are reversing as they club together to call on President Trump not to im…
Trump moves to block China Mobile’s US entry
And now China Mobile has become the latest entity to be targetted by the US. Though hardly as threatening as the U.S. measures against telec…
China says ‘fully prepared’ if trade war kicks off this week
The World Trade Organization warned on Wednesday that trade barriers being erected by major economies could jeopardize the global economic recov…
China’s HNA Group co-chairman Wang Jian dies after fall in France
An autopsy conducted Wednesday morning didn’t reveal anything suspicious in his death, he said. Wang suffered the fatal accident yesterday in …
Hyundai claims FCA buyout rumor is ‘totally groundless’
One caveat with that, however, is that Hyundai CEO Mong-koo is 80 years old, so retirement is looming. If Hyundai and FCA were to join forces,…
China presses Europe for anti-Trump alliance on trade
Earlier, Chinese Foreign Ministry spokesman Lu Kang said China was ready to act, though he did not confirm the start date for Chinese tariffs….
The iconic LeBron James banner in Cleveland is coming down
The Lakers will be Rondo’s fifth team in the last five seasons after spending the first eight-plus seasons with the Boston Celtics, which includ…
Left-wing president elected in Mexico
But despite the landslide, Lopez Obrador has not strayed from guidance he offered before the election, and on Tuesday he repeated his pledge to …
Halting Iranian oil export is an illusion: Jahangiri
Hook declined to say if the kingdom can offer that additional supply, but the USA is “working to minimize disruptions to the global market”, Hoo…
BMW warns officials: Tariffs on European cars could cut USA production
Department of Justice had requested documents to check on its compliance with corruption and money laundering rules. The European Commission, …
Walmart boycott: Calls mount over ‘Impeach Trump’ items
Walmart is once again under fire for a shirt available on its Website. The company said in a statement to ABC: “These items were sold by thi…
A Compromise On Migration Keeps German Chancellor Angela Merkel In Power
Her unpopular policy was a large reason why her party, the Christian Democratic Union, crashed and burned in last September’s elections. One p…
Joel Embiid’s last-ditch plea to LeBron after Warriors shocker
Another factor pundits considered behind James’ move west was the opportunity to link up with a young roster, including 2017’s number-two draft …
Lyft Buys Company Behind Citi Bike, Announces Lyft Bikes
Ride-hailing companies have indicated they want to make their apps one-stop shops for mobility, enabling users to select a destination and use t…
Moog warns that Trump trade tariffs pose a threat to its business
The EU’s letter reportedly said that it has not yet decided on countermeasures to possible vehicle tariffs , but said it is “likely” to apply…
Paul Krugman explains how the Trump turned the world against the US
The European Union warned the Trump administration that tariffs on imported cars on national security grounds would be illegal. Using a state…
HTC cuts 1,500 jobs in bid to get back in the black
More people will lose their jobs at HTC as the device maker tries to right the ship. In 2017, HTC incurred a net loss of NT$16.91 billio…
Amazon Prime Day 2018: Date, deals and what’s new
Like I said, now’s the time to get a Prime trial. If you install the Amazon app for the first time starting today through Prime Day , Amazon…
Trump’s Tweet on Deal With Saudi King Makes Oil Prices Plummet
Earlier this year, to the chagrin of European partners, Trump said he would pull the United States out of the Iran nuclear agreement secured by …
Donald Trump mocked over FART Act on trade
President Donald Trump threatened to take action against the World Trade Organization on Monday after media reports said he wanted to withdraw …
Dell is going public again after five years as a private business
Other options including a combination with VMware itself were reportedly considered but ultimately, all parties involved settled on going publ…
LeBron James Signs 4-year $154 Million Deal with the LA Lakers!
According to ESPN NBA insider Adrian Wojnarowski , the 28-year-old forward has agreed to a four-year $137 million deal to re-sign with the Thund…