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

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SAA acquires new state-of-the-art aircraft in its fleet

The airline will initially operate the new aircraft on its domestic routes from Guangzhou to Shanghai and Beijing, followed by flights to global destinations. T...

Gold prices today suffer biggest one-day fall in a year

Gold prices fell more than 1 percent on Monday as a temporary U.S. "Reopening of trade talks between U.S". "We are likely to see increased volatility". Thos...

United States threatens European Union with $4 billion worth of additional tariffs

The list of additional products highlighted by the USTR also contained whiskey and the Distilled Spirits Council of the United States spoke out against the pr...

Russia & Saudi Arabia agree to extend OPEC+ oil output curbs

But they haven't accomplished that even with Iranian and Venezuelan oil exports dropping. "And the reasons for that are weak demand and USA shale growth", said ...

Tim Cook slams "absurd" report of Jony Ive tensions

We're not sure how much of all this is true versus sensationalized Apple reporting, especially since Ive will still help the company design products, just now o...

Trade war breaks between South Korea and Japan

Japan imposed restrictions on exports used by South Korea's chip and smartphone companies on Monday, ramping up tensions between the two countries over the use ...

Buffett giving annual stock gifts worth $3.6B to five charities

Buffett remains the world's fourth-richest person, worth $87.5 billion according to Forbes magazine. Buffett converted 11,250 Class A shares of Berkshire st...

Amazon Founder Jeff Bezos and Wife To Divorce, $38 Billion Settlement Expected

She was one of Amazon's first employees and reportedly drove her husband cross-country while he drafted part of the company's business plan, according to Busin...

Deutsche Bank may cut up to 20000 jobs in revamp

The plan is fluid and many aspects of the plan are still to be decided, one of the people said. Deutsche Bank's supervisory board will meet next weekend t...

European stock futures rally on relief over U.S.-China trade talks

Utilities lagged the market in a sign that Wall Street had a bigger appetite for risk. All this in mind, though, it should also be noted that the S&P 500 in p...

Seattle veterinarian on FDA investigation into 'grain-free' dog food

Makers of grain-free pet food claim that kibble made from corn and wheat doesn't reflect the diet of dogs' wild ancestors, and is therefore bad for them. Nume...

BIS to set up network of Innovation Hubs

Similar centres will first be set up in Basel, Switzerland, and Hong Kong under the umbrella of the organisation's innovation hub to identify and develop insigh...

New electric cars must now make a noise under new European Union law

From today, electric cars must feature a noise-emitting device to warn pedestrians of their presence. The cars are only required to emit the sound when travel...

Manufacturing PMI Falls to Match October 2016 Low

A reading above 50 indicates expansion in the manufacturing sector and a reading below 50 indicates contraction. President Donald Trump and Chinese President ...

Theranos founder to face trial next summer on criminal charges

Ramesh "Sunny" Balwani, the former president and COO of the blood-testing startup, is also facing criminal fraud charges. Davila ordered the trial to begin in...

Bitcoin Rally Had Little Impact On Crypto Related Downloads

Bitcoin Cash SV and Ripple's XRP also saw heavy losses, with declines of 10.2% and 9.4% respectively. The Sunday sell-off saw Bitcoin's market cap fall bac...

State gas tax to raise 6¢ beginning July 1

It will go from 41.7 cents to 47.3 cents - that's a 5.6 cent increase per gallon of gas as the majority of Americans plan for a summer getaway, according to ...

West African countries choose new 'ECO' single trade currency

In the communiqué of the closed door meeting by members states during the ECOWAS Summit of Heads of State and Government, it noted that economic growth increase...

Markets Right Now: Stocks rally on US-China trade truce

At 0637 GMT, the Eurostoxx 50 futures was up 1% while trade-sensitive DAX futures was up 1.5%, with both contracts hitting their highest level since August past...

Boeing accused of outsourcing 737 Max Software to $9-an-Hour Engineers

The third-party software developers, in turn, employed newly graduated programmers mainly from India who were paid only US$9 an hour in India, compared with US$...

Jony Ive Left Apple After Feeling 'dispirited' by CEO Tim Cook

It doesn't offer a single answer; instead, a multitude of issues piled up over the years. According to the WSJ , Ive was apparently "dispirited" by CEO Tim C...

Robinson's Fruit Shoot Bottles Recalled Over Safety Fears

Risk statement The potential detachment of the spout within the bottle cap presents a safety risk. Action taken by the company Britvic PLC is recalling the...

Trump Lifts Huawei Ban (Sort Of)

Trump said. In a separate interview on CBS' " Face the Nation ", Kudlow said the USA planned to fully address "much larger issues concerning the long term fu...

Gold Prices Fall After Hitting Six-Year High

After meeting China's President Xi Jinping on Saturday at the G20 summit in Japan, President Donald Trump said the USA would maintain current tariffs but refr...

Asia factories slow down as concerns over trade war resume

In offshore markets, the Chinese yuan initially gapped up to as much as 6.8166 per dollar, its highest level since May 9. Rare earth producers bucked the broa...

Japan to tighten export rules for high-tech materials to South Korea

The list of Korean companies that will be affected by these trade restrictions includes - but is not limited to - Samsung and LG. Japan is imposing furthe...

Google lifts Android ban on Huawei following Trump's statement at G20

While Trump didn't specifically mention Google, Qualcomm, or Intel in the announcement, he made a point of calling out the "complex and highly scientific" produ...

China's factory activity declines in June

The announcement comes a day after China's President Xi Jinping and his United States counterpart Donald Trump met on the sidelines of the G20 summit on Saturda...

Despite Iran Sanctions, Gulf Tensions OPEC+ Agree To Extend Oil Production Cuts

After holding a talk with Saudi Crown Prince, Putin said in the news conference, "We will support the extension, both Russian Federation and Saudi Arabia". Sinc...

Syd, Melbourne house prices bounce in June

Monday's report from property consultant CoreLogic showed home prices in Sydney inched up 0.1% last month, from May, marking its first monthly rise since July...