China's economic growth slides to lowest level in 26 years

On Monday, the Chinese government said its economy had grown at a 6.2 per cent annual rate in the second quarter, the lowest rate in 27 years. - Fixed-asset investment grew by 5.8 percent year on year in H1, 0.2 percentage points faster than the gr... More..

by | Published 2 days ago
Amazon workers stage protest as Prime Day kicks off
by | Tuesday, July 16, 2019

Amazon workers stage protest as Prime Day kicks off

A group of activists staged protests at the Amazon office in downtown San Francisco Monday, urging the USA top online retailer to cut supply of new technology like facial recognition to federal agencies. Th...More..

Facebook's $6.8b fine not harsh enough, say critics
by | Monday, July 15, 2019

Facebook's $6.8b fine not harsh enough, say critics

Facebook's revenue for the quarter exceeded $15 billion . The fine is the largest that the FTC has ever imposed, by a long shot. Neither the FTC or Facebook had any comment to share at this time . He and o...More..

Amazon Prime Day is the new Black Friday!
by | Sunday, July 14, 2019

Amazon Prime Day is the new Black Friday!

EST and concludes on Wednesday, July 17 at 2:59 a.m. EST. What is Amazon Prime Day? The retail industry will be focused on Amazon's performance this Prime Day , but some other statistics are worth tracki...More..

Powell sends further signals of future rate cuts
by | Saturday, July 13, 2019

Powell sends further signals of future rate cuts

Fed Chairman Jerome Powell gave his bi-annual congressional testimony on Wednesday and Thursday, and his comments fueled hopes for a rate cut. The Dow Jones Industrial Average . This in turn, hurt the super...More..

Volkswagen to contribute $2.6 billion to Ford's autonomous venture
by | Saturday, July 13, 2019

Volkswagen to contribute $2.6 billion to Ford's autonomous venture

The VW investment includes $1 billion in cash and the $1.6 billion value of VW's 200-person autonomous intelligent driving company. "Unlocking the synergies across a range of areas allows us to showcase t...More..

Mark Spencer, MP for Sherwood, has announced his support for Boris Johnson
by | Friday, July 12, 2019

Mark Spencer, MP for Sherwood, has announced his support for Boris Johnson

McDonald added: "The prime minister, foreign secretary and whole of the public service have stood with you: you were the target of a malicious leak; you were simply doing your job". "I think it's absolutely f...More..

Australian dollar lifts as Fed's Powell spooks the doves
by | Friday, July 12, 2019

Australian dollar lifts as Fed's Powell spooks the doves

The U.S. stock market rallied through much of June after the Fed first signaled that it might cut rates if necessary to shore up the U.S. economy. The minutes show FOMC member concern over soft economic...More..

EUR/USD Attempts Recovery Ahead of Powell's Testimony
by | Thursday, July 11, 2019

EUR/USD Attempts Recovery Ahead of Powell's Testimony

Overall growth has also "moderated", the Fed chief said, while "there is a risk that weak inflation will be even more persistent than we now anticipate", and not prove as transitory as Fed officials have often ...More..

Amazon Prime Day 2019 Dates Announced
by | Wednesday, July 10, 2019

Amazon Prime Day 2019 Dates Announced

This offer is available until July 16 . We'll also try our best to let you know when sales are extended or if a certain product sells out. At these zones, Amazon Prime members would be able to view product...More..

Deutsche Bank launches restructuring plan
by | Tuesday, July 09, 2019

Deutsche Bank launches restructuring plan

He insisted that Deutsche's new London headquarters at 21 Moorfields, which staff were expected to move into in 2023, was still going ahead. Deutsche Bank had 20,871 employees in Asia-Pacific, 23 per cent...More..

Deutsche Bank to Slash 18000 Jobs in Reshuffle
by | Monday, July 08, 2019

Deutsche Bank to Slash 18000 Jobs in Reshuffle

The plan represents a major retreat from investment banking by Deutsche Bank, which for years had tried to compete as a major force on Wall Street. The Frankfurt-headquartered bank said it would cut roughly...More..

Oil prices edge down, pressured by USA supply
by | Saturday, July 06, 2019

Oil prices edge down, pressured by USA supply

U.S. West Texas Intermediate (WTI) crude futures CLc1 were down 47 cents or 0.82% at $56.87 per barrel. Oil is down for the week after plunging 4.8 percent on Tuesday, its worst decline right after an OPEC...More..

How major United States stock indexes fared Friday
by | Saturday, July 06, 2019

How major United States stock indexes fared Friday

Investors got rattled by government data showing an unexpected burst of hiring last month. The economy added 224,000 jobs in June , the Labor Department announced Friday, describing a market that remains r...More..

Services sector activity contracts in June; first time since May 2018: PMI
by | Thursday, July 04, 2019

Services sector activity contracts in June; first time since May 2018: PMI

New figures suggest the United Kingdom economy may have shrunk in the second quarter, the first quarterly contraction in three years. "The latest downturn has followed a gradual deterioration in demand over t...More..

The high-tech materials at the heart of a Japan-South Korea row
by | Wednesday, July 03, 2019

The high-tech materials at the heart of a Japan-South Korea row

Assets of those companies have been seized in South Korea. The Ministry of Economy, Trade and Industry said a review soliciting public comments starts Monday on the move to effectively remove South Korea from...More..

OPEC Set for 9-Month Oil Cut Extension
by | Tuesday, July 02, 2019

OPEC Set for 9-Month Oil Cut Extension

The group is facing a weaker demand outlook due to slowing global growth. Oil prices surged upwards in anticipation of an extension of production cuts by Opec +, as the alliance led by Saudi Arabia and Russi...More..

CPPIB, Blackstone join US$6.1B deal for Legoland owner Merlin
by | Monday, July 01, 2019

CPPIB, Blackstone join US$6.1B deal for Legoland owner Merlin

Kirkbi A/S will be joined by USA private equity giant Blackstone and Canadian pension fund CPPIB to pay £4.55 ($5.75) per share for Merlin's common stocks, a 14 percent premium over the stock's closing price ...More..

Trump Announces Temporary Trade Truce After Meeting with Chinese President Xi Jinping
by | Sunday, June 30, 2019

Trump Announces Temporary Trade Truce After Meeting with Chinese President Xi Jinping

The US President has warned that, although a deal this weekend is possible, he is willing to impose tariffs on virtually all remaining tariff-free Chinese goods and gradually do less and less business with Chin...More..

Trump, Xi arrive for high-stakes G-20 meeting
by | Saturday, June 29, 2019

Trump, Xi arrive for high-stakes G-20 meeting

The tweet depicts four confronting posters from 2014 when Australian Prime Minister Scott Morrison was immigration minister. In an apparent reference to this issue, Trump at the opening session said: "We ...More..

Trump meets with leaders of India, Japan
by | Saturday, June 29, 2019

Trump meets with leaders of India, Japan

The summit gives the other world leaders opportunities to put Trump in his place, Mille and Lemire wrote . While Trump has long placed a premium on establishing close personal ties with Putin, his government h...More..

Xi Meet, Iran Tension to Overshadow G20 Summit in Japan
by | Friday, June 28, 2019

Xi Meet, Iran Tension to Overshadow G20 Summit in Japan

Trade will be high on Trump's agenda and a senior USA administration official said there will be "tremendous focus" on issues such as "state-directed economic activity, IP theft, forced technology transfer...(a...More..

Gold sells off following comments from Fed Chairman Powell
by | Wednesday, June 26, 2019

Gold sells off following comments from Fed Chairman Powell

Even as the US central bank left its benchmark interest rate unchanged for now, the shift in sentiment since its last policy meeting was marked. Powell also touched on the importance of Fed independence , op...More..

US Slaps Iran's Supreme Leader Khamenei With ‘Hard-Hitting' Sanctions
by | Tuesday, June 25, 2019

US Slaps Iran's Supreme Leader Khamenei With ‘Hard-Hitting' Sanctions

The US special representative for Iran , Brian Hook, visited Oman and was headed to Europe to explain USA policy to allies. Trump added that Iran's Supreme Leader had "the potential to have a great country, ...More..

Slack becomes latest tech company to go public
by | Sunday, June 23, 2019

Slack becomes latest tech company to go public

Slack's IPO is using an unusual approach known as a direct listing. The direct listing model offers Slack an opportunity to save significantly on investment banking fees and avoids agreements that would othe...More..