Facebook is reporting a slight revenue miss but stronger than expected profit in its third-quarter earnings report. Coming three months after the company’s stock suffered its worst one-day drop in history, wiping out $119 billion of its market value, …
A yellow excavator, forklift and other heavy equipment made by U.S. firm Caterpillar gleam outside Cuba’s annual trade fair, reflecting once-bright hopes for increased U.S.-Cuban commerce fanned by the 2014 detente between the old Cold War foes. But inside the …
Zimbabwe’s President Emmerson Mnangagwa met with business leaders Monday to discuss ways of boosting the country’s troubled economy. He suggested companies are contributing to shortages by holding back essential goods, but one of the businessman said the accusation is not …
When massive gold deposits were discovered about a decade ago in Chimanimani, eastern Zimbabwe, the rural district became famous for attracting hundreds of artisanal miners from across the country every year. Wealthy small-scale prospectors regularly offer residents generous deals for …
Far more men than women think their companies offer equal pay and promote the sexes equally, yet younger generations are wising up, a U.S. entertainment industry survey found on Monday. Only a quarter of women think their employers pay them …
South Korean conglomerate Hyundai’s cancellation of a major Iran construction project due to problems related to U.S. economic sanctions has been met with silence in Iranian media. In a brief regulatory filing published Monday, Hyundai Engineering & Construction said it canceled …
The United States urged European Union governments on Monday to reflect on whether it was really in their interest to go ahead with a trade dispute over U.S. metals tariffs, and said it was hopeful of settling the issue with …
U.S. stocks fell on Monday in a volatile session, with the S&P 500 ending just shy of confirming its second correction of 2018, hurt by fresh worries of an escalation of U.S.-China trade tensions and a sharp drop in big …
Jair Bolsonaro, a far-right former Army captain who won Brazil’s presidential election in convincing fashion, rode a wave of enthusiasm on Monday from giddy supporters, bullish investors and budding ally U.S. President Donald Trump. Bolsonaro, who early in his legislative …
Russia has sent a high-level official delegation to Venezuela, including a deputy finance minister, to help advise the cash-strapped country on economic reform at a time of crisis, a spokesman for the Russian Ministry of Finance said Monday. Almost 2 …
The leaders of Japan and India are reaffirming their ties amid growing worries about trade and regional stability. Indian Prime Minister Narendra Modi, who arrived Saturday, was meeting Japanese Prime Minister Shinzo Abe at a resort area near Mount Fuji …
There is no risk of contagion from Italy’s budget crisis in the European Union but the euro zone is not prepared enough to face a new economic crisis, French Finance Minister Bruno Le Maire told daily Le Parisien on Sunday. …
Recep Tayyip Erdogan has held plenty of grand opening ceremonies in his 15 years at Turkey’s helm. On Monday he will unveil one of his prized jewels — Istanbul New Airport — a megaproject that has been dogged by concerns …
China plans to provide an unspecified financial “grant” to Pakistan while the United Arab Emirates is actively considering Islamabad’s request for a fiscal relief package of up to $6 billion to help the country deal with a looming balance-of-payments crisis, …
Stock markets around the world tumbled Friday while U.S. Treasury prices rose along with demand for safer bets as better-than-expected U.S. economic data did little to ease anxiety over disappointing corporate profits and trade wars. Wall Street closed above its …
U.S. stock market indexes fell sharply in Friday’s early trading, but saw losses ease later in the day. At one point the S&P 500 and the Dow were down by two percent or more, while the NASDAQ was off by …
The U.S. economy grew at a robust annual rate of 3.5 percent in the July-September quarter as the strongest burst of consumer spending in nearly four years helped offset a sharp drag from trade. The Commerce Department said Friday that …
Honda Motor Co is considering shifting production of its U.S.-bound Fit subcompact cars to Japan from Mexico in a few years, partly due to a new North American trade agreement, two people familiar with the deal told Reuters. Fit cars …
Top trade officials from 12 countries and the European Union on Thursday vowed to reform World Trade Organization rules in the face of U.S. actions that threaten to paralyze the body and address some of Washington’s complaints about Chinese subsidies. …
Major U.S. stock indexes made strong gains in Thursday’s trading after some upbeat profit reports by major companies. The Nasdaq composite posted its biggest daily gain since March, as Microsoft’s upbeat earnings spurred a rebound in technology names and investors snapped up oversold shares. The Nasdaq added 209.94 …
Another torrent of selling gripped Wall Street on Wednesday, sending the Dow Jones Industrial Average plummeting more than 600 points and extending a losing streak for the benchmark S&P 500 index to a sixth day. The tech-heavy Nasdaq composite bore …
Saudi Crown Prince Mohammed bin Salman said on Wednesday the kingdom will continue with reforms and spending on infrastructure, predicting the economy will grow by 2.5 percent this year. Speaking at an investment conference in Riyadh, the crown prince also …
Julius Wakam worked in auto manufacturing for 11 years before being laid off in 2008. Today, the married father of three has a job at a hardware store to make ends meet until he can secure another well-paying position in …
Smugglers and other organized criminals are likely to exploit gaps in border enforcement if Britain leaves the European Union without an agreement, a watchdog warned Wednesday, amid a growing chorus of warnings about the disruptive impact of a “no-deal” Brexit. …