Stories about Finance

Jul 07 2018

UMC secures injunction against Micron chips in China

Micron's shares dropped on Tuesday as a result but they have bounced back in Thursday's session after it came to light that this would have a minimal effect on its fourth...

Jul 07 2018

Trump's Trade War Officially Begins - Hit & Run

Although the Chinese statement did not outline targets, Beijing has promised to slap levies on an equal amount of American goods, including heartland staples like soybe...

Jul 06 2018

Canada presses US to resume NAFTA renegotiation talks

Tens of millions of dollars worth of tariffs went into effect over the weekend, as a trade war between the United States and Canada heats up. Trump , however, has said...

Jul 06 2018

PBOC governor says yuan fluctuations due to stronger dollar and external uncertainties

Blue chip companies recorded larger declines , with the CSI 300 index sinking nearly 3 percent. Down Under, the S&P/ASX 200 erased early gains, but saw narrower declin...

Jul 05 2018

Saudis to pump 2mn more barrels of oil

U.S. President Donald Trump took to Twitter again on Wednesday to complain about high oil prices and criticize OPEC , demanding that prices be reduced-and this tim...

Jul 05 2018

Iran announces plan to circumvent United States oil sanctions

And you say it is a two-way road!? Saudi Arabia is said to have spare capacity of 2 million barrels per day, but it's not clear whether that much could be available imm...

Jul 05 2018

Russian Federation takes action against U.S. at WTO on metals duties

Trump also said on Sunday that the EU was "as bad" as China when it came to the way European countries traded with the US. White House trade adviser Peter Navarro, ...

Jul 05 2018

New Trump tariffs may force Moog to lay off workers

The documents submitted to the Commerce Department also said that tariffs on cars and vehicle parts could undermine auto production in the United States by creating highe...

Jul 05 2018

Trump moves to block China Mobile's USA entry, citing security concerns

And now China Mobile has become the latest entity to be targetted by the US. The United States is set to impose tariffs on $34 billion worth of goods from China on Ju...

Jul 05 2018

Asia stocks on edge before tariff deadline in Sino-US trade row

Imports from the US are seen at a supermarket in Shanghai, China April 3, 2018. Washington has said it would implement tariffs on $34 billion worth of Chinese imports o...

Jul 05 2018

Chinese tycoon Wang Jian dies from fall in France

Wang was in charge of HNA's strategy and ran day-to-day operations, sources familiar with the matter have said, while his fellow chairman and co-founder Chen Feng was oft...

Jul 04 2018

Hyundai, Fiat merger on cards

The only problem with Hyundai's conquest right now is the uncertainty with the United States market and this is due to President Trump's policies of foreign imports. If H...

Jul 04 2018

Basketball: LeBron's Lakers start to take shape as big banner exits Cleveland

Rajon Rondo isn't coming to Los Angeles to watch LeBron James play from afar. "Are we invisible?" Jose Ramirez, the Indians' third baseman, asked NBC Sports, which dar...

Jul 04 2018

López Obrador: Shades of Bernie in Mexico's populist victor

The peso fell more than 1 percent against the USA dollar overnight as Lopez Obrador was elected. Anaya soon followed, saying he recognized Lopez Obrador's win. But it...

Jul 04 2018

Saudi Arabia says ready to pump more oil to balance market

Saudi Arabia has been pumping around 10 million bpd in recent months and sources close to its oil policy have said it could raise output to 11 million bpd. The move partl...

Jul 04 2018

China presses Europe for anti-US alliance on trade

Bartiromo asked President Trump if the USA should be banding with allies like the European Union to try to "stop China from stealing from" the U.S. A slew of factor...

Jul 04 2018

Walmart boycott: Calls mount over 'Impeach Trump' items

The shirts that come in several shades - plus similar baby onesies and even frisbees - have the Twitter-sphere in a frenzy and spurred a grassroots call to boycott the wo...

Jul 04 2018

Horst Seehofer: Bavarian hardliner turned Merkel nemesis

CDU general secretary Annegret Kramp-Karrenbauer said in Berlin party leaders were "united" behind "effective, humane solutions together with our European partners". "S...

Jul 03 2018

The Golden State Warriors Have Broken the National Basketball Association

His move from the Cleveland Cavaliers ends months of speculation. The Cleveland Cavaliers were never going to win the NBA Finals. According to Shelburne, the Hall...

Jul 03 2018

Lyft Buys Company Behind Citi Bike, Announces Lyft Bikes

When Motivate's bicycles will become available on the app to Lyft customers was not immediately clear. Motivate's bike maintenance operation will split out into an indepe...