Economy

China refuses to cut oil imports from Iran

China refuses to cut oil imports from Iran

Currently China is the world's top buyer of crude oil, including from Iran, making Chinese refusal to cooperate a major challenge to the US. Global sanctions were lifted under the pact between world...

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Almond milk containing real milk recalled

Almond milk containing real milk recalled

The milk can cause a serious or life-threatening reaction to those allergic to milk . The FDA issued the recall Thursday for certain half-gallon cartons of Vanilla Almond Breeze almond milk . ...

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White House escalates China trade dispute to secure early breakthrough: John Kemp

White House escalates China trade dispute to secure early breakthrough: John Kemp

China's Finance Ministry accused the Trump administration of damaging the global economy after the US proposed increasing duties on $200 billion of Chinese goods in the second round of a dispute over ...

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FCA makes official trade complaint to block Jeep-like Mahindra Roxor

FCA makes official trade complaint to block Jeep-like Mahindra Roxor

The complaint attempts to prevent Mahindra from importing and selling its Roxor off-road vehicle in the US. MANA, or Mahindra Automotive North America, wants to make it very clear that the new ROXOR...

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Ahead of trade talks, Trump asks European Union to drop all tariffs, barriers

Ahead of trade talks, Trump asks European Union to drop all tariffs, barriers

Trump and the European Commission President Jean-Claude Juncker on Wednesday agreed to avoid an all-out trade war. Checks will go out to farmers "as soon as they prove their yields", according to Perd...

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Molson Coors Canada and Hydropothecary announces a joint venture

Molson Coors Canada and Hydropothecary announces a joint venture

Molson Coors Canada will retain the majority controlling interest with a 57.5 percent ownership stake. Hydropothecary would own the rest. The deal is expected to close before the end of September...

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Apple has become America's first trillion-dollar company

Apple has become America's first trillion-dollar company

Cook is celebratory in his reaction to the news, but reminds his team that a share price is " not the most important measure of our success ". News media have been covering a so-called race between ...

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EpiPen shortage to continue into August, Health Canada warns

EpiPen shortage to continue into August, Health Canada warns

Pfizer has now told Health Canada it won't have new stock of the adult dose until the end of August. "Due to manufacturing complexities and relatively short shelf life, inventory management of EpiPen...

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China threatens tariffs on $60 billion in U.S. goods

Beijing's latest salvo came after the Trump administration upped the ante in its plans for additional tariffs on Chinese goods worth US$200 billion, suggesting the rate could be increased to 25 per ...

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Unemployment Fell as Job Creation Slowed a Bit

The unemployment rate came in at 3.9%, matching expectations and below June's 4.0%. The jobless rates for adult women (3.7 percent), teenagers (13.1 percent), Blacks (6.6 percent), Asians (3.1 percent...

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China threatens tariffs on $60 billion of United States imports

China threatens tariffs on $60 billion of United States imports

If higher tariff rate is implemented, it would apply to a list of goods valued at $200 billion identified by the USTR last month as a response to China's retaliatory tariffs on an initial round of U...

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Malaysia manufacturing showed broad stabilisation during July

Malaysia manufacturing showed broad stabilisation during July

Analysts also expressed concerns over the sector's current reliance on exports in the face of lacklustre domestic demand, with many fearing this could leave United Kingdom manufacturers exposed in the...

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Here's what CEO Tim Cook told employees about Apple's $1 trillion valuation

Here's what CEO Tim Cook told employees about Apple's $1 trillion valuation

Adjusted for splits, Apple's stock price has risen almost 40,000% since its initial public offering in 1980. Thomson Reuters information shows that Chinese oil company PetroChina reached that leve...

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BOJ to mull ways to make stimulus sustainable amid weak inflation

BOJ to mull ways to make stimulus sustainable amid weak inflation

The dollar was 0.72 per cent higher against the yen, on pace for its best day in almost three weeks. Most major currencies stuck to narrow trading ranges ahead of central bank decisions. In commod...

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Bank of England raises interest rates to 0.75%

Bank of England raises interest rates to 0.75%

Sixty percent of the economists polled believed that there may be a 25 basis points (bps) rate hike, while the remaining expected a status quo. Saver or borrower? Interest rates have risen. Decr...

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Turkey 'will retaliate' over U.S. sanctions as crisis grows

Turkey 'will retaliate' over U.S. sanctions as crisis grows

We are going to work to see if we can find a way forward - I am hopeful". "Secretary Pompeo is arriving in Kuala Lumpur with 2018 in mind", said a senior State Department official travelling with Mr...

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China stands its ground after Trump amps up tariff threats

Commerce Department official. WASHINGTON-A business group made up of the CEOs of 200 of America's largest companies is urging the Trump administration to stop insisting that Beijing reduce its t...

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Fed announces rate hike decision

The Fed's decision left its benchmark overnight lending rate in a range of 1.75 percent to 2.00 percent. However, two more rate hikes are widely expected before the end of the year, with many observ...

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Free Guacamole At Chipotle For National Avocado Day

Free Guacamole At Chipotle For National Avocado Day

That's right, you won't be paying that extra $1.80 for delicious guacamole and it's all in honor of the greatest holiday ever. All you have to do is place an order online via the chain's website or mo...

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Google tailoring a search engine for China

Google tailoring a search engine for China

The new app, which has already been demonstrated to the Chinese government and is pending approval, was designed in California, with the help from other global Google teams, the report notes. The Go...

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Apple beats tech rivals to the $1 trillion mark

Apple beats tech rivals to the $1 trillion mark

Even with its $1,000,000,000,000 stock market value, many analysts do not view Apple's shares as expensive. It doesn't come as a complete surprise that Apple was first to reach the mark and thou...

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Tyson Foods lowers fiscal outlook due to market challenges

Tyson Foods lowers fiscal outlook due to market challenges

The company exchanged hands with 2373002 shares contrast to its average daily volume of 2.18M shares while its relative volume stands at 1.09. Ladenburg Thalmann Financial Services Inc. As traders, ...

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Aussie supermarket chain Coles to provide free 'reusable' plastic bags indefinitely

Aussie supermarket chain Coles to provide free 'reusable' plastic bags indefinitely

Anyway, here we are: you can get your free plastic bags from Coles until Wednesday, August 29, at which point it's time to suck it up and bring your own bags or pay the (15 cent) price. "What about th...

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Google reportedly plans to release a censored search app in China

Google's current focus is reportedly on releasing their Android app in the country, researchers claim that 95 percent of China's population access the internet via mobile devices and Android domin...

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Get ready to shop! Wisconsin sales tax holiday about to begin

Get ready to shop! Wisconsin sales tax holiday about to begin

Shoppers won't have to pay sales taxes on clothing, computers and school supplies Wednesday, August 1 through Sunday August 5. This holiday does come with some strings attached. School supplies: $20...

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Three people arrested for massive Chipotle, Arby’s, Chili’s hacks

Three people arrested for massive Chipotle, Arby’s, Chili’s hacks

The majority of the companies were in the restaurant, gaming and hospitality industries. Hayes says the group, called FIN7, used malware tools to reach into more than 3,600 businesses across the cou...

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TSA Confirms Program That Tracks Civilians Who Are Not On Watchlists

TSA Confirms Program That Tracks Civilians Who Are Not On Watchlists

Contrary to the article "Welcome to the Quiet Skies " published by The Boston Globe , the program doesn't take into account race and religion, and is not meant to surveil ordinary Americans. Those n...

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Wells Fargo to pay $2.1 billion for role in housing bubble

Wells Fargo was then one of the largest mortgage lenders in the United States, and from 2005 to 2008, sold 73,529 mortgage-backed bonds - about half of which have defaulted. Wells Fargo is one of the ...

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BOJ raises ceiling for long-term rates, monetary easing to stay

BOJ raises ceiling for long-term rates, monetary easing to stay

The BOJ added language to its bond buying program stating that "the yields may move upward and downward to some extent mainly depending on developments in economic activity and prices". In a quarter...

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More than 350 people report getting sick from Chipotle

More than 350 people report getting sick from Chipotle

Its team inspected the location and found no reason the restaurant shouldn't reopen, it said . Public information officer Traci Whittaker said the department was investigating food samples from the...

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China says United States ‘blackmail’ won’t work, warns of retaliation on tariffs

The US imposed 25 per cent tariffs on $34 billion of Chinese products in early July, and the review period on another $16 billion of imports ended July 31. The list named more than 6,000 items worth $...

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WhatsApp announces new tools for businesses and customers to connect

WhatsApp announces new tools for businesses and customers to connect

WhatsApp said the API will help manage communications with existing and potential customers at scale. WhatsApp had announced in January it would start allowing small business accounts to communicate...

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Kroger weighs expanding a ban on Visa credit cards

Kroger weighs expanding a ban on Visa credit cards

The grocery store chain announced the policy change on Monday, saying it was due to Visa's interchange rates, which merchants pay to banks whenever a customer swipes a corresponding card at the store....

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Tesla claims record revenue of $4B in Q2 2018

Tesla claims record revenue of $4B in Q2 2018

Shares rose 5 per cent after hours. Some analysts have questioned whether Tesla can maintain a higher rate of production after rushing to meet an internal target to build 5,000 Model 3s per week by th...

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Trump administration adds to China trade pressure with higher tariff plan

President Donald Trump asked the US Trade Representative to consider increasing the proposed tariffs to 25 percent from the announced 10 percent, US Trade Representative Robert Lighthizer said. Trum...

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