Oil prices spiked sharply higher Friday as major oil producers, including the OPEC cartel, agreed to cut global oil production by 1.2 million barrels a day to reduce oversupply. Following two days of meetings, the Organization of the...
Buy more United States exports? Done. Tinker with technology tactics that irk Washington and other trading partners? Maybe. But scrap those plans, seen by Beijing as a path to prosperity and influence? Probably never. The agreement by...
The leaders of Vietnam and Cuba on Friday pledged to deepen relations between two of the world's few remaining communist countries. President Nguyen Phu Trong and his Cuban counterpart Miguel Diaz-Canel witnessed the signing of trade and...
Published:Thursday | November 1, 2018 | 12:00 AMAP
Diplomats representing more than 135 countries spoke against the American economic embargo of Cuba ahead of votes Thursday on a United Nations resolution condemning the policy and proposed US amendments criticising the lack of freedom of...
Published:Thursday | October 25, 2018 | 12:00 AMAP
A court in Germany has ruled that Volkswagen's main stakeholder must pay €47 million ($54 million) in damages to investors for not making a timely disclosure of its scandal over cars rigged to cheat on diesel emissions tests. The...
Published:Thursday | October 25, 2018 | 12:00 AMAP
The head of Apple on Wednesday endorsed tough privacy laws for both Europe and the United States and renewed the technology giant's commitment to protecting personal data, which he warned was being "weaponised" against users....
Toyota Motor Corp says it has issued a recall for 2.43 million hybrid vehicles in Japan and elsewhere for potential problems with stalling. The company said that in rare cases the vehicles might fail to enter a "failsafe" driving...
Published:Thursday | September 27, 2018 | 12:00 AMAP
United States securities regulators are asking a federal court to oust Tesla Inc's Elon Musk as chairman and CEO, alleging in a complaint that he committed securities fraud with false statements about plans to take the company private....
Published:Wednesday | September 26, 2018 | 12:00 AMAP
The United States Federal Reserve signalled its confidence Wednesday in the U.S. economy by raising a key interest rate for a third time this year, forecasting another rate hike before year's end and predicting that it will continue to...
Iran issued a new warning over Mideast oil supplies as the United Arab Emirates said on Tuesday it could increase its own production, the latest remarks to follow Donald Trump's demand for lower global energy prices. The comments by...
The OPEC oil countries agreed Friday to increase their combined production by almost one million barrels a day, though questions remain over some members' ability to do so amid domestic trouble and sanctions. After a meeting in Vienna,...
Comcast made a US$65 billion bid Wednesday for Fox's entertainment businesses, setting up a battle with Disney to become the next mega-media company. The bid comes just a day after a federal judge cleared AT&T's takeover of Time...
Southwest Airlines runs its planes hard. They make many short hops and more trips per day than other United States airliners, which adds to wear and tear on parts, including the engines. As the investigation into last week's deadly...
Various outlets have reported that the 33-year-old reality TV star, Khloe Kardashian, has given birth to a baby girl, but her reps have not commented. Kardashian was expecting the baby with Cleveland Cavaliers' Tristan Thompson. The birth...
Executives with President Donald Trump's family hotel business on Monday abandoned the management offices of a luxury hotel in Panama that has been the scene of a tense, 12-day standoff over a business dispute with the hotel's owners...
American delivery giant UPS is suing the European Union's antitrust regulator for blocking a merger with Dutch firm TNT Express, which later was snapped up by UPS rival FedEx Corp. United Parcel Service Inc is seeking euro1.742 billion (...
Published:Tuesday | February 13, 2018 | 12:00 AMAP
Federal Reserve Chairman Jerome Powell said Tuesday that the global economy is recovering strongly for the first time in a decade, but the central bank needs to remain alert to any emerging risks to financial stability. In brief remarks during a...
The long, smooth, record-setting ride on Wall Street is over. The stock market pullback that experts had been saying was long overdue has finally come. Investor fears about higher interest rates escalated into rapid, computer-generated...
New rules to protect investors, improve market transparency and honesty and prevent another financial crisis went into effect on Wednesday in Europe. The regulations are more than a million paragraphs long, took six years to write and...
Published:Wednesday | December 27, 2017 | 12:00 AMAP
South Korean prosecutors on Wednesday demanded a 12-year prison term for Samsung's jailed billionaire heir, Lee Jae-yong, who maintained his innocence during an appeal of his conviction on bribery and other charges. In August, a lower...
Even by bitcoin standards, Thursday was a wild ride. With a few hours, the volatile digital currency surged above US$19,000, dropped back below US$16,000, and then see-sawed before settling in just above US$17,000 late Thursday in the United...
