Money

Soaring U.S. Crude Oil Production Highlights OPEC's Quandary

U.S. WTI futures hit a high of $53.70 per barrel before receding slightly to $53.54 per barrel, a 0.83 percent rise, as of 2:04 p.m. HK/SIN. "The imposition o...


Commons committee to weigh probe of SNC-Lavalin allegations

That glaring omission, plus the prime minister's terse statement announcing Wilson-Raybould's resignation, which did not include the traditional thanks for he...


Amazon invests in autonomous vehicle startup Aurora

Rowe Price Associates, and e-commerce giant Amazon . Other funding participants include funds and accounts advised by T. Rowe Price, Lightspeed Venture Partn...


Amazon may end NYC headquarters plans due to backlash

Amazon may be second-guessing its plan to build a new campus in New York City . But the local legislature is powerless to stop the Long Island City campus f...


Maduro Sends 100 Tons of Aid to Cuba Despite Venezuela Crisis

The White House has announced that Colombian President Ivan Duque and First Lady Maria Juliana Ruiz Sandoval will visit on February 13 to discuss pro-growth pol...


Chinese shoppers conjure up strong sales at Alibaba

Anticipating the headwind, Alibaba previously lowered its revenue outlook for its financial year ending March even before the top sales season. During the q...


Venezuela's opposition had clandestine meetings with military -Guaido

The United States, Australia and several other countries have recognised Mr Guaido as Venezuela's legitimate head of state and denounced Mr Maduro as a usurper...


Trump administration accepts Guaido ally as Venezuela envoy in U.S.

On Sunday, Israel and Australia joined the countries backing the 35-year-old leader, and US President Donald Trump's administration said it had accepted Venez...


Family booted from American Airlines flight following complaints about their body odour

Yossi Adler and his wife Jennie, who were also with their 19 month-old-daughter, denied having body odor and said they were picked out for being Jewish. "My w...


Huawei reportedly under investigation by USA for stealing trade secrets

A group of United States politicians want to ban the sale of USA technology components to Huawei, ZTE Corp or other Chinese telecommunications companies that ...


Tesla shares stumble on price cut, disappointing Model 3 deliveries

Tesla more than tripled deliveries of its electric cars in the last three months of the year but the news was not enough for Wall Street which sent the company'...


Lampert's hedge fund says bid submitted to save Sears

This story will be updated. As the deadline looms for Lampert to submit his offer, Sears advisors only have until January 4, to make the decision on whether h...


US team to visit China for talks during trade truce

China's Commerce Ministry says the country plans to hold trade talks with USA representatives in January. It will be the first time the two sides will meet...


Transformer Explosion Shuts Down LaGuardia Airport

As the official word about the transformer explosion that caused the bright blue lights started to circulate out, it didn't stop Twitter from having some ...


U.S. Retail Investors Are on Trump’s Side in Fight With Fed

Only 11 percent of retail investors described the US economy as "booming", though 50 percent labeled it "solid", according to Wells Fargo. Lawrence White, an ...


With tech exec arrest, Canada squeezed between China, US

Canadian Minister of Foreign Affairs Chrystia Freeland said the government had raised his case with Chinese authorities. Hu Xijin, editor of the state-backed ...


Theresa May to remain as PM after winning confidence vote

The Conservatives have 315 MPs, so 48 were needed to write such letters for the vote to be called. A result is expected fairly quickly after the voting finish...


Malboro Maker Invests $2.4 Billion into Cannabis Company-T.CRON-P.CANNABIS

The arrangement also allows for Altria to invest up to a further $1.4 billion to increase its ownership stake in Cronos to 55%. Altria's total investmen...


OPEC members expected to agree cut in crude production

According to Reuters, five unnamed delegates said ahead of the meeting that the group's preferred level of supply cuts would effectively be conditional on Mosco...


London share prices PLUMMET amid US-China trade war fears — FTSE latest

President Donald Trump met Tuesday with executives from Germany's big automakers amid U.S. Trump, meanwhile, in a post on Twitter , said he believes Xi h...


China’s Xi to send special envoy to Mexican…

Trump agreed to hold off on his threat to slap 25 per cent tariffs on US$200 billion worth of Chinese goods from Jan 1, leaving them at the current 10 per cen...


Microsoft dethrones Apple as the most valuable U.S. company

Since stock prices continue to fluctuate, Microsoft and Apple are still vying for the title of being the most valuable USA company. Considering that not lon...


MBS welcomed at G-20; Trump under fire

Argentine Foreign Minister Jorge Faurie said the recent establishment of more flights to the disputed islands was a positive development. Mr Trump was still s...


Tunisians protest against MBS visit for second day

According to Al-Arabiya, they held closed-door bilateral talks. Regional allies, meanwhile, have thrown their support behind the Crown Prince. On his first ...


Climate change linked to natural disasters

The government report , which is called the National Climate Assessment , addressed wildfires, reporting that one impact of climate change will be longer and ...


GM closing Lordstown assembly plant, cutting 14,700 jobs in North America

Production at the plant began on November 7, 1953, and in the 1980s the plant employed roughly 23,000 people. Work on six-speed transmissions made at the Warr...


Stores open on Thanksgiving Day

It was part of a holiday shopping plan, she told MetroNews. She said she was out "just looking for a deal, and I drug him (Barnes) along with me". Behind her ...


Bitcoin plunges to 19-month low as Bitcoin Cash chaos spooks investors

It seems the trend turned bearish for almost every cryptocurrency, except for USD Coin, QASH and Dai showing minor increase. Currently, the gap between the mark...


Crude mood: Oil enters bear market, plunging most since 2015

Novak told media in Singapore that Russian Federation had been pumping less oil since the beginning of the month after a record-high production rate of 11.41 ...


Marijuana expands into three more states

Canada last month became the first industrialized country to legalize recreational cannabis. "With such overwhelming public support for marijuana legalization, ...


Apple posts another record quarter, readies for crucial holiday period

Apple's services, which includes iTunes, Apple Music , iCloud, Apple Pay and Apple Care, has been growing for years and could become the company's main revenue...


Trump expects 'great deal' with China, but more tariffs if not

Trump has long threatened to impose tariffs on all remaining Chinese imports into the United States , which exceed $257bn, if Beijing fails to meet United Stat...


IBM Is Prepping To Buy Red Hat For RM142 Billion

IBM (NYSE:IBM) and Red Hat (NYSE:RHT) jointly announced today that IBM would be acquiring Red Hat in a deal valuing the company at $190 per share, represent...


Markets Right Now: Asian shares fall after rout on Wall St

The Nasdaq experienced its worst day since August 18, 2011, falling 329 points, or 4.4 percent to 7,108, 10 percent from its August 29 all-time high. Boeing (...


Billionaires saw wealth jump in 2017

Among the 16 billionaires minted in China earlier this year, about a quarter of them lost that status by the end of trading Thursday, according to data compil...


Anonymous person in SC wins $1.5 billion jackpot

So the lottery record remains US$1.586 billion, for a Powerball jackpot shared by three winning tickets in January 2016. He entered the state's Mega Millio...


Saudi violated OPEC pact under USA pressure: Iran

The kingdom, which produces more than a tenth of global supplies, had vowed on Monday not to withhold its output as a political weapon amid the worldwide backla...


Italy brushes off downgrade as it plans European Union budget response

That has never happened before. Global credit rating agency Moody's late Friday downgraded Italy's ratings to Baa3, with a stable outlook, citing the "materia...


Khashoggi slain in consulate

Trump endorsed Saudi Arabia's explanation about the death of Khashoggi and called it an "important first step". Foreign Affairs Minister Chrystia Freelan...


Mega Millions jackpot inches closer to $1 billion

Tuesday's Mega Millions winning numbers were 3, 45, 49, 61, 69 with a Mega Ball of 9 for a jackpot worth $667 million at the time. The next Powerball drawin...