Business News
Just a growth wobble or the beginning of the end?
Two of the world’s biggest economies probably shrank last quarter, further proof that global growth is now past its peak and the risk of a downturn is rising.
Month: November 2018
Business News
Third Point lowers nominees to Campbell Soup board from 12 to five
Third Point LLC, in the midst of a proxy battle with Campbell Soup Co , has cut the number of its nominees to the board of the soup maker to five from 12, the investment firm said on Friday.
Business News
Trump slams U.S. judge’s decision to halt Keystone XL pipeline
U.S. President Donald Trump on Friday blasted a federal judge’s decision to halt construction of the Keystone XL pipeline that would carry heavy crude oil from Canada to the United States, a project that has been in development for a decade.
Business News
Trump calls court decision on Keystone pipeline political, a disgrace
U.S. President Donald Trump on Friday blasted a federal court decision halting the construction of the Keystone XL pipeline, saying the U.S. judge in Montana had made a political decision and calling it a disgrace.
Business News
AmEx wins China approval to clear card payments
American Express Co on Friday won approval to clear card payments in China, making it the first U.S. card network to gain direct access to what is set to be the biggest bank card market by 2020.
Business News
Wall Street opens lower as China, rate worries weigh
U.S. stocks opened lower on Friday, as a batch of weak Chinese data raised concerns about global growth a day after the Federal Reserve hinted at gradual tightening of borrowing costs.
Business News
U.S. judge halts Keystone XL pipeline, dealing project another setback
A U.S. judge in Montana late Thursday halted construction of the Keystone XL pipeline that would carry heavy crude oil from Canada to the United States, throwing another obstacle in the path of the project that has been in development for a decade.
Business News
Global growth worries set to weigh on Wall Street at open
U.S. stocks were set to fall at the open on Friday, as a batch of weak Chinese data raised concerns about global growth a day after the Federal Reserve hinted at gradual tightening of borrowing costs.
Business News
India’s Royal Enfield targets tripling of U.S. sales this year
India-based motorcycle brand Royal Enfield expects sales in its new North American business to almost triple this year and is aiming to dominate the market for middleweight bikes into which Harley-Davidson Inc has just shifted in a bid to revive sales.
Business News
China concerns, U.S. rate view send stocks lower
Global stocks are on track for their biggest drop in two weeks while oil prices held near six-month lows on Friday as a confident U.S. central bank and weak Chinese data hit demand for risky assets.
Business News
Goldman’s Marcus jolts British banks out of savings slumber
Britain’s big banks, long able to shrug off competition from start-ups, have been spooked by an account launched just six weeks ago by Goldman Sachs that pays savers more.
Business News
Futures lower as global growth worries seep in
U.S. stock index futures fell on Friday, as a batch of weak Chinese data raised concerns about global growth a day after the Federal Reserve hinted at gradual tightening of borrowing costs.
Business News
U.S. judge halts construction of Keystone XL oil pipeline
A federal judge in Montana halted construction of the Keystone XL oil pipeline on Thursday on the grounds that the U.S. government did not complete a full analysis of the environmental impact of the TransCanada Corp (TRP.TO) project.
Business News
Exclusive: Russian state bank secretly financed Rosneft sale after foreign buyers balked
It was billed as the deal that proved Russia remained open for business.
Business News
Oil falls below $70 as U.S. crude enters ‘bear market’
Oil prices fell to multi-month lows on Friday as global supply increased and investors worried about the impact on fuel demand of lower economic growth and trade disputes.