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Business News

  • U.N. envoy hopes for, but cannot predict, speedy reopening of Libya oil ports
    by Reuters on January 18, 2020 at 6:20 pm

    BERLIN/ZUEITINA — The United Nations envoy to Libya said on Saturday he hoped but “could not predict” whether eastern oil ports shut ahead of a Berlin summit aimed at reaching a truce in Libya would be reopened soon. Oil export terminals across eastern and central Libya were shut on Friday by tribesmen allied to commander

  • U.S. grants Chevron another three months for Venezuela operations
    by Reuters on January 18, 2020 at 5:32 pm

    CARACAS — The U.S. Treasury Department on Saturday granted permission for Chevron Corp, the last major U.S. oil company operating in Venezuela, to continue working in the country until April 22. The United States last year imposed sanctions that barred imports of Venezuelan oil and transactions made in U.S. dollars with Venezuela’s state-run oil company

  • U.S. grants Chevron another three months for Venezuela operations
    by Reuters on January 18, 2020 at 4:05 pm

    CARACAS — The U.S. Treasury Department on Saturday granted permission for Chevron Corp, the last major U.S. oil company operating in Venezuela, to continue working in the country until April 22. The United States last year imposed sanctions that barred imports of Venezuelan oil and transactions made in U.S. dollars with Venezuela’s state-run oil company

  • Brexit: Price rises warning after chancellor vows EU rules divergence
    on January 18, 2020 at 4:03 pm

    Food prices could rise after Sajid Javid said there will be no alignment with EU rules after Brexit, businesses say.

  • China’s AI industry will be worth $30 BILLION by 2022
    by RT on January 18, 2020 at 2:57 pm

    The artificial intelligence (AI) industry is growing steadily in China as Beijing aims to become the leader in the technology by 2030. Read Full Article at RT.com

  • With market at record highs, eyes on reports from chipmakers
    on January 18, 2020 at 2:42 pm

    Reports from Netflix, Intel and Texas Instruments next week may hint at what is to come in the December quarterly earnings season, with some investors wary of possible danger signs that could knock Wall Street after its latest surge to record highs.

  • U.N. envoy hopes for, but cannot predict, speedy reopening of Libya oil ports
    by Reuters on January 18, 2020 at 1:59 pm

    BERLIN — The United Nations envoy to Libya said on Saturday he hoped but “could not predict” whether eastern oil ports shut ahead of a pending Berlin summit aimed at reaching a truce in Libya would be reopened soon. Ghassan Salame said the Berlin summit scheduled for Sunday would likely discuss the closures to avoid

  • Courier fraud: Victim 'cried for days'
    on January 18, 2020 at 1:23 pm

    Police warn £7m was stolen from elderly and vulnerable people in 2019 in so-called courier fraud.

  • Nokia October warning investigated by local FSA: newspaper report
    on January 18, 2020 at 12:04 pm

    Finland's Financial Supervisory Authority (FSA) has started an investigation into Nokia's sharp profit warning in October which sent its shares more than 20% lower, Finnish daily Helsingin Sanomat reported on Saturday.

  • U.N. Libya envoy hopes, but cannot predict, eastern oil ports closure ends in few days
    by Reuters on January 18, 2020 at 11:21 am

    BERLIN — The United Nations envoy to Libya said on Saturday he hoped but “could not predict” whether oil ports in the east of the country that were closed on Friday would be reopened in a few days. “If the thing is not solved between today and tomorrow I expect the issue to be raised,

  • REUTERS NEWS SCHEDULE AT 11 a.m. GMT/6 a.m. ET
    by Reuters on January 18, 2020 at 10:58 am

    Iran’s supreme leader threw his support behind the elite Revolutionary Guards in a rare sermon on Friday after their belated admission that they had accidentally downed an airliner triggered days of street protests. US-CHINA-HEALTH-PNEUMONIA/ China reports new virus cases, raising concern globally before key holiday China reported four more cases of pneumonia believed to be

  • U.N. Libya mission ‘deeply concerned’ over disruption in oil production, urges restraint
    by Reuters on January 18, 2020 at 10:51 am

    CAIRO — The United Nations mission in Libya said on Saturday it was deeply concerned over efforts to disrupt oil production in the country and urged all sides to exercise restraint. “This move would have devastating consequences first and foremost for the Libyan people who depend on the free flow of oil for their well-being,”

  • Disney culls 'Fox' from 20th Century Fox in rebrand
    on January 18, 2020 at 10:51 am

    The company wants to distance its film studio from Rupert Murdoch's news company, US media report.

  • 3 misconceptions about retirement in Canada
    by Brandie Weikle on January 18, 2020 at 9:00 am

    A new report finds that the reality of retirement in Canada isn't quite what people expect it to be. Just 39 per cent know their retirement date a year or more in advance, and far fewer than expect to become "snowbirds" actually spend the winters in sunny climates.

  • Rwanda GDP to grow 8% in 2020 -IMF
    by Reuters on January 18, 2020 at 8:44 am

    KIGALI — Rwanda’s economy is expected to grow by 8% this year and in 2021 versus an estimated 8.5% in 2019, boosted by private investment and trade, the International Monetary Fund (IMF) said. The small East African nation’s economy relies largely on agriculture, tourism and mining. The government also forecasts it will grow 8.5% in

  • REUTERS NEWS SCHEDULE AT 7 a.m. GMT/2 a.m. ET
    by Reuters on January 18, 2020 at 7:00 am

    Parts of Australia’s east coast were hit by severe storms on Saturday, dousing some of the bushfires that have devastated the region for months but causing road closures and flash flooding. INDIA-MALAYSIA/ To defuse palm row, Davos diplomacy likely between India, Malaysia Trade ministers from India and Malaysia are likely to meet on the sidelines

  • Sainsbury's named cheapest supermarket of 2019 by Which?
    on January 18, 2020 at 6:40 am

    The study by Which? compared the price of 53 products but did not include discounters Aldi and Lidl.

  • India could become first non‑Arctic state to develop Russia's Arctic resources
    by RT on January 18, 2020 at 6:04 am

    New Delhi is considering participating in Russian oil and liquefied natural gas (LNG) projects in the Arctic as cooperation with Moscow could open vast opportunities for India in the resource-rich region. Read Full Article at RT.com

  • Trump, EU chief to meet in Davos as U.S tariffs loom over digital tax -sources
    by Reuters on January 18, 2020 at 1:40 am

    WASHINGTON — Donald Trump is expected to meet with EU leader Ursula von der Leyen in Davos, Switzerland, next week, three sources said on Friday, as tensions mount between the allies over tariff threats and the U.S. president faces an impeachment trial at home. Just days after Trump scored big victories by inking a partial

  • Morgan Stanley CEO Gorman's total 2019 pay falls 7% to $27 million
    on January 17, 2020 at 11:54 pm

    Morgan Stanley Chief Executive James Gorman is receiving $27 million in total compensation in 2019, nearly 7% less than what he got the year before, the company said in a filing on Friday, following a reduction of bonuses staff-wide.

  • Lawyers for Huawei CFO call Canada prosecutor's arguments 'circular'
    on January 17, 2020 at 11:32 pm

    Extraditing Huawei Chief Financial Officer Meng Wanzhou to the United States based on American sanctions against Iran would set a dangerous precedent and could even undermine Canada's policy towards Iran, Meng's lawyers argued in court documents released on Friday.

  • Best Buy starts investigation into CEO's personal conduct
    on January 17, 2020 at 11:10 pm

    U.S. consumer electronics retailer Best Buy Co said on Friday that its board was conducting an independent review on allegations of misconduct against Chief Executive Officer Corie Barry after receiving an anonymous letter.

  • Bayer could be close to Roundup settlement, mediator says
    on January 17, 2020 at 10:45 pm

    Bayer could be close to settling more than 75,000 cancer claims related to its Roundup herbicide, with mediator Ken Feinberg on Friday saying he was "cautiously optimistic that a settlement will ultimately be reached."

  • U.S. will look at sudden acceleration complaints involving 500,000 Tesla vehicles
    on January 17, 2020 at 10:44 pm

    The National Highway Traffic Safety Administration (NHTSA) said Friday it will review a petition asking the agency to formally investigate and recall 500,000 Tesla Inc vehicles over sudden unintended acceleration reports.

  • Bombardier's financial challenges worry ratings agencies, prompting downgrades
    by Julien Arsenault on January 17, 2020 at 10:39 pm

    Two major rating agencies have voiced concerns over the finances of Bombardier Inc., whose future is being questioned as it considers options to raise its more than US$9 billion in debt.

  • Wall Street hits new highs in strongest week since August
    on January 17, 2020 at 10:36 pm

    Wall Street climbed to record highs on Friday, with major indexes turning in their strongest weekly gains since August, after strong U.S. housing data and signs of resilience in the Chinese economy raised hopes of a rebound in global growth.

  • Week ahead on Wall Street: Davos, earnings
    on January 17, 2020 at 10:31 pm

    Investors next week will get their cues from headlines from the Davos economic summit and earnings from the likes of Netflix and Comcast. Fred Katayama reports.

  • Rough Trade: We're selling more records than ever
    on January 17, 2020 at 10:23 pm

    The music retailer launches a partnership with Apple Music, saying that streaming boosts vinyl sales.

  • Wall Street hits new highs
    on January 17, 2020 at 10:02 pm

    Wall Street climbed to record highs Friday after strong U.S. housing data and signs of resilience in the Chinese economy raised hopes of a rebound in global growth. Fred Katayama reports.

  • Shares set fresh records, lifted by U.S. housing data
    on January 17, 2020 at 9:37 pm

    Key world equity indexes scaled new highs on Friday, boosted by a surge in U.S. housing starts to levels last seen in 2006, while the greenback rose to a one-week high against the euro on expectations of solid economic growth.

  • Netflix opens Paris office, plans new French-language series
    on January 17, 2020 at 9:31 pm

    U.S. television streaming company Netflix has opened a new Paris office and plans to develop more than 20 original French-language productions in 2020, it said on Friday.

  • Trade pact will slow Canadian lobster sales to China, says expert
    by Paul Withers on January 17, 2020 at 9:30 pm

    Even though a new U.S.-China trade agreement does not eliminate heavy Chinese tariffs, the deal will still result in a loss of Canadian seafood sales to China, according to an expert.

  • Oil steadies as Chinese economy offsets trade optimism
    on January 17, 2020 at 8:58 pm

    Oil prices steadied on Friday as sluggish economic growth in China, the world's biggest crude importer, raised concerns over fuel demand and countered optimism from the signing of a China-U.S. trade deal.

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