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Moodys downgrade: Expect bouts of correction; sell-off in markets unlikely

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Largest US business group attacks Trump on tariffs

With some of America's tightest trading partners imposing retaliatory measures, Trump's approach to tariffs has unsettled financial markets and strained relatio...

Thyssenkrupp, Tata Steel merging Europe steel operations

The definitive agreement follows the signing of a memorandum of understanding (MoU) in September 2017. German industrial group Thyssenkrupp signed a joint v...

Iran announces plan to circumvent USA oil sanctions

After Trump pulled the USA out of the Iran nuclear deal , Tehran is trying to counter US sanctions that would restrict its exports and eat into its market sh...

Canada hits $13 billion of United States goods with new tariffs

Canadian officials first announced the new tariffs on Friday. Some U.S. products, mostly steel and iron, face 25 percent tariffs, the same penalty the Unite...

Carnival Cruise Ship Rescues Overboard Norwegian Crew Member

The ship's crew notified the Coast Guard at around 3:20 PM on Saturday and a search was launched. A missing crewmember from the Norwegian Getaway cruise shi...

Trump urges Saudis to raise oil output 'by two million barrels'

He made the remarks following US President Donald Trump's request from the kingdom to increase oil production by up to 2,000,000 barrels per day. Last week, m...

Thyssenkrupp agrees to Tata merger to become Europe's second-biggest steelmaker

In September 2017, the two companies had signed a preliminary deal to merge their European steel operations. The definitive agreement signed today will be for...

Canada retaliates, starts tariffs against the US

Canada has begun imposing tariffs on $12.6 billion in USA goods as retaliation for the Trump administration's new taxes on steel and aluminum imported to the...

GM says new wave of tariffs could force United States job cuts

Global Automakers, which represents auto giants like Honda, Subaru and Toyota , blasted the Trump administration's investigation, saying that the Commerce Depa...

GST collections to top Rs 13 lakh crore this fiscal: Piyush Goyal

In the earlier indirect tax regime 7.1 per cent of taxes used to get collected in the three months. The GST is a uniform tax rate that integrates 17 different...

Elon Musk landed in a amusing scandal

As Tesla continues to ramp up production of the Model 3 , it has given greater attention to delivering higher-end versions of the sedan. Things, obviously, ar...

US GDP revised down to 2 percent rate in Q1

The US economy grew at a two per cent annualized rate in the first quarter of 2018, two-tenths of a percentage point below the second reading on the gross domes...

Report Suggests Tesla Inc (TSLA) Lagging to Meet Production Results

Tesla is still working to reach its goal of building 5,000 units weekly by the end of this quarter; a step that would allow it to be cash-flow positive and pro...

Another Step Forward For Enbridge Line 3

While opponents of the pipeline may continue to fight the project through protests and legal challenges, the votes represent a victory for Canada's oil industry...

Saudi Arabia ready to increase oil output

In a tweet on Saturday, Trump said King Salman bin Abdulaziz Al Saud had agreed to his request to boost production by "maybe up to 2,000,000 barrels". Russia,...

Trump says Saudi Arabia will boost oil production up to 2M barrels

Trump's comments come as oil prices have edged higher as his administration pushes USA allies to end oil purchases from Iran. "Kuwait will raise its oil produ...

Homebase to cut 300 jobs at its support centre

Wesfarmers is known for its Bunnings chain in Australia, and attempted to import the home improvement brand to the United Kingdom by converting a host of Homeba...

Vancouver restaurant manager fired for refusing service to customer wearing Trump hat

The details about what exactly happened when a customer came into the Teahouse wearing a MAGA hat on Tuesday remain somewhat murky. "The MAGA hat has come to ...

Bitcoin skids below $6000, hits lowest level since November

There exists a bigger probability that the recent increase in the price of BTC was a corrective rally from its sudden drop from $6,500 to $5,800, and due to...

Chinese Smartphone Maker Xiaomi's Monster IPO Wasn't As Monstrous As People Expected

Xiaomi was valued at $46 billion in its last fundraising in 2014. Hillhouse has placed an order of around $600 million, while United States asset manager Capi...

New Jersey Governor, Lawmakers Reach Budget Deal, Avoid Shutdown

Murphy said in the letter he discussed the proposal "at length" with leaders, but it was the first time the details were made public, and a further development ...

China slams United States limits on Chinese investment

But one advocacy group for US businesses in China described the latest measures as " positive ". Taiwan is China's most sensitive territorial issue. Beijing ...

Woolworths' massive backflip after plastic bag ban

Woolworths will give out its 15 cent bags for free for the next 10 days. The supermarket says the move is temporary, created to help customers get used to br...

Saudi Arabia not confirming Trump's 2M barrels

Prices to (sic) high! The Opec oil producers' group agreed to increase output, as did Russian Federation, but this failed to reassure markets. The stateme...

Walgreens: Fiscal 3Q Earnings Snapshot

Roof Eidam & Maycock ADV purchased a new position in shares of Walgreens Boots Alliance in the 1st quarter valued at $1,877,000. Excluding items, the co...

Goyder To Replace Clifford As Qantas Chairman

Mr Clifford, a former CEO of miner Rio Tinto, was appointed 11 years ago and oversaw the selection of current CEO, Alan Joyce, who has been in his role for ...

Expect large crowds at the airport on Friday

If security officials cannot identify the substance - in TSA parlance, "effectively detect and resolve powders through testing protocols" - the passenger can pl...

Canada to aid steel, aluminum industries hit by USA tariffs

In its 15-page submission to the Department of Commerce, Toyota echoed GM's sentiments, adding that tariffs "would have a negative impact on all manufactu...

Bed Bath and Beyond still aims for turnaround

Volatility measures the strength of the price action, and is often overlooked for clues on market direction. The true range indicator is the greatest of the fol...

Shaw posts loss after taking $284-million charge on Corus stake

The bright spot was continued growth at Freedom Mobile, the wireless business that the traditional cable company launched in 2016 after buying Wind Mobile for $...