Business
Latest stories
Trump Criticizes Federal Reserve for Not 'Acting Quickly' as ECB

U.S. President Donald Trump attacked the Federal Reserve again Thursday for not "acting quickly" like its European counterpart to provide stimulus to the U.S. economy.

W140 Full Story
Saudi Raps Oil Producers over Flouting of Output Cuts

OPEC kingpin Saudi Arabia on Thursday led calls for oil producers to comply with output cuts aimed at stabilising a slumping oil market, as a gloomy new forecast blamed US-China trade tensions for depressed demand.

W140 Full Story
OPEC Urges Further Production Restraint

The OPEC oil cartel urged continued production restraint Wednesday, saying output gains are still expected to outpace growth in demand for oil.

W140 Full Story
China to Exempt 16 Categories of US Products from Tariffs

China announced Wednesday it would exempt 16 categories of products from US tariffs, ahead of a fresh round of trade talks next month.

W140 Full Story
The Challenges Brexit Poses to Britain's Economy

British unemployment has hit a 45-year low, official data showed Tuesday, but the economy still risks falling into a deep recession due to the turmoil created by Brexit.

W140 Full Story
World Bank's Georgieva Poised to Become 2nd Female IMF Chief

A top executive at the World Bank, Kristalina Georgieva of Bulgaria, now faces no opposition in her candidacy to lead the International Monetary Fund, the fund announced Monday.

W140 Full Story
New Saudi Oil Minister Endorses Production Cuts

Saudi Arabia's new energy minister Prince Abdulaziz bin Salman on Monday reportedly endorsed curbing oil output to address an oversupply, as major producing nations prepare to deliberate fresh cuts.

W140 Full Story
British Airways Says almost All UK Flights Cancelled over Strike

British Airways said Monday it has been forced to cancel almost all its flights from UK airports on the first day of a strike by pilots.

W140 Full Story
Asian Markets Start on Upbeat Note after China Easing Move

Most Asian markets started Monday on a positive note to build on last week's gains after China unveiled fresh stimulus measures and below-par US jobs data reinforced expectations the Federal Reserve will cut interest rates this month.

W140 Full Story
Crisis-Hit Nissan CEO Set to Resign as Board Meets

The CEO of crisis-hit Japanese automaker Nissan plans to resign, reports said Monday, as the firm's board meets to discuss an audit launched after former chief Carlos Ghosn's arrest over financial misconduct.

W140 Full Story