Finance

Samsung Electronics Co Ltd on Wednesday unveiled a nearly $2,000 folding smartphone in a bid to top the technology of Apple Inc and Chinese rivals and reignite consumer interest in a massive consumer electronics category that had its worst sales ever last year.
Posted: February 20, 2019, 10:59 pm
Standard Chartered Plc said on Wednesday Britain's financial watchdog had imposed a fine of 102.2 million pounds ($133.34 million) in relation to its investigation into the bank's historical financial crime controls.
Posted: February 20, 2019, 10:56 pm
U.S. stocks ended higher on Wednesday after minutes from the Federal Reserve's last meeting reaffirmed for investors that the U.S. central bank would be "patient" with respect to further interest rate hikes.
Posted: February 20, 2019, 10:47 pm
Posted: February 20, 2019, 10:08 pm
Concern about Xi Jinping’s approach to the economy is unsettling investors
Posted: February 20, 2019, 10:00 pm
Reuters

Samsung Electronics Co Ltd on Wednesday unveiled a nearly $2,000 folding smartphone in a bid to top the technology of Apple Inc and Chinese rivals and reignite consumer interest in a massive consumer electronics category that had its worst sales ever last year.
Posted: February 20, 2019, 10:59 pm
Standard Chartered Plc said on Wednesday Britain's financial watchdog had imposed a fine of 102.2 million pounds ($133.34 million) in relation to its investigation into the bank's historical financial crime controls.
Posted: February 20, 2019, 10:56 pm
U.S. stocks ended higher on Wednesday after minutes from the Federal Reserve's last meeting reaffirmed for investors that the U.S. central bank would be "patient" with respect to further interest rate hikes.
Posted: February 20, 2019, 10:47 pm
The Federal Reserve on Wednesday signaled they will soon lay out a plan to stop letting go of $4 trillion in bonds and other assets, but policymakers are still debating how long their newly adopted "patient" stance on U.S. rates policy will last.
Posted: February 20, 2019, 10:46 pm
Southwest Airlines Co's shares fell as much as 6 percent on Wednesday after the low-cost carrier said it was investigating whether a conflict with its mechanics union was leading to a spike in flight cancellations.
Posted: February 20, 2019, 10:45 pm
Lyft Inc plans to launch the roadshow for its initial public offering during the week of March 18, making it the first U.S. ride-hailing company to debut in the stock market, people familiar with the matter said on Wednesday.
Posted: February 20, 2019, 10:16 pm
An index of stocks across the globe hit a more than four-month high on Wednesday on hopes for progress in trade talks between the United States and China, and a supportive backdrop from major central banks also helped push risk assets higher.
Posted: February 20, 2019, 10:09 pm
Alphabet Inc's Google said on Wednesday it had made an "error" in not disclosing that its Nest Secure home security system had a built-in microphone in its devices.
Posted: February 20, 2019, 9:54 pm
Brazilian conglomerate Odebrecht SA next week will ask its bondholders to accept losses of more than 70 percent from their bonds' face value as part of a restructuring, two sources with knowledge of the matter said on Wednesday.
Posted: February 20, 2019, 9:49 pm
Microsoft Corp on Wednesday said it had discovered cyber attacks directed at democratic institutions, think tanks and non-profit organizations in Europe and would offer a cyber security service to several countries to close security gaps.
Posted: February 20, 2019, 8:38 pm
CVS Health Corp on Wednesday forecast 2019 profit well below Wall Street estimates due to weakness in its pharmacy business that serves long-term care facilities and slower than anticipated growth in drug prices, sending shares down 8 percent.
Posted: February 20, 2019, 8:24 pm
The Canadian government will unveil its budget for the 2019/20 fiscal year on March 19, Finance Minister Bill Morneau said on Wednesday.
Posted: February 20, 2019, 8:16 pm
Federal Reserve policymakers thought pausing on U.S. interest rate hikes last month posed little risk and plenty of benefit, minutes from their Jan. 29-30 meeting showed, giving them time to assess the effects of a global slowdown and the Fed's rate hikes to date on U.S. economic momentum.
Posted: February 20, 2019, 8:08 pm
Crude prices rose more than 1 percent on Wednesday to their highest level this year on hopes that oil markets will balance later this year, helped by output cuts from top producers as well as U.S. sanctions on OPEC members Iran and Venezuela.
Posted: February 20, 2019, 7:59 pm
Business jet deliveries worldwide rose 3.8 percent on an annual basis to 703 planes in 2018, lifted by demand from North America and the introduction of new models, the General Aviation Manufacturers Association (GAMA) said on Wednesday.
Posted: February 20, 2019, 7:56 pm
A French court found Swiss bank UBS AG guilty of illegally soliciting clients and laundering the proceeds of tax evasion, ordering it to pay 4.5 billion euros ($5.1 billion) in penalties.
Posted: February 20, 2019, 7:07 pm
UBS Group expects its appeal of a French court verdict ordering the Swiss bank to pay 4.5 billion euros ($5.10 billion) for aiding tax evasion to last years, Chief Executive Sergio Ermotti told staff in a memo.
Posted: February 20, 2019, 7:06 pm
Volkswagen's premium auto brand Audi plans to eliminate one layer of management or about 10 percent of the division's executive positions in a cost cutting drive, the unit's chief executive told daily Handelsblatt.
Posted: February 20, 2019, 6:48 pm
Berkshire Hathaway Inc's re-investment in Suncor Energy Inc highlights the benefits of being an integrated oil company and could revive investor interest in the languishing Canadian energy sector, fund managers said.
Posted: February 20, 2019, 6:42 pm
Credit rating agency Standard & Poor's cut its outlook on carmaker Renault to "negative" from "stable", citing broader challenges within the automotive sector that could hit its profits.
Posted: February 20, 2019, 6:21 pm
FT

Widodo likely to win but twin deficits make economy vulnerable
Posted: February 20, 2019, 10:52 pm
Europe and Asian bourses largely higher, with Tokyo rising despite grim Japan exports data
Posted: February 20, 2019, 10:31 pm
Concern about Xi Jinping’s approach to the economy is unsettling investors
Posted: February 20, 2019, 10:00 pm
Mike Mackenzie’s daily analysis of what’s moving global markets
Posted: February 20, 2019, 9:24 pm
Central bank meeting minutes show growth concerns behind decision to halt rate rises
Posted: February 20, 2019, 8:47 pm
Grim data on Turkish sentiment contrasts sharp lira rebound
Posted: February 20, 2019, 8:35 am
Honda’s closure of its UK plant is part of a slow-motion tragedy for the industry
Posted: February 20, 2019, 5:00 am
Japanese yen also in focus after policy easing comments by BoJ governor
Posted: February 19, 2019, 10:44 pm
The two sides remain far apart on several areas of contention
Posted: February 19, 2019, 9:00 pm
First British car plant to shut since 2007 sparks fears for industry as Brexit looms
Posted: February 19, 2019, 7:16 pm
The Japanese carmaker just could not afford to manufacture in Europe much longer
Posted: February 19, 2019, 1:21 pm
Trade talks can improve US access but local champions hold unassailable positions
Posted: February 19, 2019, 12:15 pm
US-China relations continue to be tense and superpower rivalry is here to stay
Posted: February 19, 2019, 12:02 pm
Exaggerated fears about growing Chinese power are counter-productive
Posted: February 19, 2019, 12:00 pm
Reform of monetary policy and iron fiscal discipline have been the keys to recovery
Posted: February 19, 2019, 11:00 am
Posted: February 19, 2019, 9:21 am
US founder of Moscow-based Baring Vostok was seen as savvy operator
Posted: February 19, 2019, 4:00 am
Xi Jinping’s top economic adviser heads to Washington for negotiations
Posted: February 19, 2019, 2:17 am
Pledges aim to calm fears over impact on food standards and import and export tariffs
Posted: February 19, 2019, 12:02 am
World’s financial system has become dependent on huge central bank balance sheets
Posted: February 18, 2019, 11:16 pm
Politicians knew Japanese carmakers were in talks to make tariff-free EU trade possible
Posted: February 18, 2019, 8:17 pm
A shortage of safe assets in the eurozone is creating market distortions
Posted: February 18, 2019, 4:13 pm
Lowering policy rates to address the economy’s woes could do more harm than good
Posted: February 18, 2019, 3:57 pm
European Commission to ‘react in a swift and adequate manner’ to any levies
Posted: February 18, 2019, 3:21 pm
CNN

The days of plugging in an iPhone to charge won't last forever.
Posted: February 13, 2017, 7:42 pm
Nandan Nilekani, co-founder of one of India's biggest outsourcing companies, says an H-1B visa crackdown would ultimately hurt the U.S.
Posted: February 13, 2017, 7:20 pm
Mexican Senator Armando Rios Piter told CNN that he plans to introduce a bill this week that would stop Mexican purchases of American corn.
Posted: February 13, 2017, 5:37 pm
The market is at all-time highs and many say Trump is the reason. But stocks were rallying when investors thought Hillary Clinton would win. Janet Yellen and the Fed may deserve more of the credit for the market's move.
Posted: February 13, 2017, 5:35 pm
Apple stock is less than $1 away from its all-time high amid renewed optimism for the iPhone.
Posted: February 13, 2017, 5:24 pm
President-elect Donald Trump focuses his criticism of NAFTA on Mexico. But Canada and America have a rocky trade history too.
Posted: February 13, 2017, 4:59 pm
Verizon has decided to bring back unlimited data plans. But while that's great for its subscribers, it's awful news for investors. It's another sign of how brutally competitive the telecom business is. And it's hurting Verizon's stock.
Posted: February 13, 2017, 4:32 pm
The automaker announced Monday that its first official venture in the oil-rich Middle East will be in the United Arab Emirates.
Posted: February 13, 2017, 4:18 pm
Sears Holdings, the company that owns retail stores Sears and Kmart, said this weekend that it would remove 31 Trump-branded items from its website.
Posted: February 13, 2017, 4:07 pm
Read full story for latest details.
Posted: February 13, 2017, 3:45 pm
The price of crude oil has more than doubled over the past year after bottoming out at $26 per barrel in February 2016.
Posted: February 13, 2017, 2:39 pm
Uber's top rival in India has some unsolicited advice for the U.S. startup: Go local.
Posted: February 13, 2017, 1:48 pm
Read full story for latest details.
Posted: February 13, 2017, 1:20 pm
Universal Biopack makes packaging that it sells to restaurants and manufacturers. But rather than plastic, it uses a mixture of bamboo and cassava.
Posted: February 13, 2017, 2:14 am
Treasury secretary pick Steven Mnuchin is an executive producer on Warner Bros.' "The Lego Batman Movie," which pulled in an estimated $55.6 million from U.S. audiences during its opening weekend.
Posted: February 12, 2017, 10:57 pm
Apple CEO Tim Cook wants the tech industry to take action against "fake news" stories that are polluting the web.
Posted: February 12, 2017, 7:50 pm
Nike on Sunday launched a star-studded short film titled "Equality" that coincides with Black History Month.
Posted: February 12, 2017, 7:49 pm
Read full story for latest details.
Posted: February 11, 2017, 1:02 am
Read full story for latest details.
Posted: February 10, 2017, 4:55 pm
It may seem like a recurring nightmare, but Greece is in danger of running out of money again.
Posted: February 9, 2017, 10:54 am
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