After almost 10 years, Wall Street’s rally looks like it’s ending. Another day of big losses Friday left the U.S. market with its worst week in more than seven years. All of the major indexes have lost 16 to 26 percent from …
The Canadian economy expanded by a greater-than-expected 0.3 percent in October from September, pushed higher by strength in manufacturing, finance and insurance, Statistics Canada data indicated Friday. Analysts in a Reuters poll had predicted monthly GDP would increase by 0.2 …
Plans to build another privately-financed power station in Nigeria to help end decades of chronic blackouts have been delayed because of concerns about persistent shortfalls in payments for electricity across the sector. The $1.1 billion Qua Iboe Power Plant being …
US growth in the July-September quarter was slightly slower than previously reported, dragged down by the large drop in exports amid President Donald Trump’s multi-front trade wars. With hundreds of billions of goods hit by retaliatory tariffs, US exports fell …
It was another miserable day on Wall Street as a series of big December plunges continued, putting stocks on track for their worst month in a decade. The Dow Jones Industrial Average dropped 464 points Thursday, bringing its losses to …
The U.S.-China trade war is spooking potential investors in soybean crushing plants planned for Wisconsin and New York state, developers said, casting doubt on the future of a sector that had been a rare bright spot in the U.S. farm …
A state of emergency has been declared in two eastern Sudan states after at least eight protesters were killed in mass demonstrations against rising prices. Thousands of protesters marched in cities and towns across Sudan Thursday, angry over widespread corruption …
At least two people were killed in eastern Sudan as thousands took to the streets across the country on Thursday protesting against soaring prices, with some calling for the overthrow of President Omar al-Bashir, officials and witnesses said. A student …
The independent U.S. central bank raised borrowing rates Wednesday for the fourth time this year, dismissing President Donald Trump’s contention that policymakers ought not tinker with the country’s robust economy, the world’s largest. The Federal Reserve board voted 10-0 after …
The United States and China blamed each other for the crisis in the world trading system during a two-day “trade policy review” of the United States at the World Trade Organization. The Chinese representative to the WTO, Hu Yingzhi, accused …
Poland has signed a long-term deal with a U.S. company for supplies of liquefied natural gas as part of an effort to reduce its dependence on Russian energy, the two sides announced on Wednesday. Port Arthur LNG, a subsidiary of …
The White House and Congress appeared headed toward agreement Wednesday on a stopgap spending plan to avert a partial government shutdown at midnight Friday, but it does not include the $5 billion President Donald Trump wanted for construction of a …
Uber lost its latest court bid Wednesday to stop British drivers from being classified as workers, entitling them to rights such as the minimum wage, in a decision which jeopardizes the taxi app’s business model. Two drivers successfully argued at …
Every Brazilian, including current and former members of the armed forces, will have to compromise under the next administration’s pension reform plan, a former general set to become government minister said in an interview. Retired General Carlos Alberto dos Santos …
Greek lawmakers approved the heavily indebted country’s budget for 2019 late Tuesday, the first since Greece exited an eight-year bailout program. The budget lawmakers passed with a 154-143 vote still is heavy on austerity measures to ensure Greece registers a …
The finance committee of Mexico’s lower house of Congress on Tuesday rapidly approved the revenue section of President Andres Manuel Lopez Obrador’s 2019 draft budget, auguring speedy passage in the legislature his party controls. Lopez Obrador’s leftist government only unveiled …
The economic outlook in South Korea is not good, according to the Hyundai Research Institute, which stated in a report this week that the economy “reached its peak in May 2017” and may bottom out in 2020. The bad economic …
Chinese President Xi Jinping on Tuesday called for the implementation of reforms but offered no new specific measures in a highly anticipated speech that marked the 40th anniversary of China’s move towards market liberalization. In a speech lasting nearly an …
China hopes Britain’s exit from the European Union can happen in an orderly way and that the bloc will reduce hurdles to Chinese investment and keep its markets open, China’s foreign ministry said on Tuesday. China, the world’s second-largest economy, …
Mexico’s wage commission said on Monday it planned to hike the country’s minimum wage by 16 percent to around $5 per day and leftist President Andres Manuel Lopez Obrador pledged further increases to keep salaries apace with inflation. The salary …
Women must wait 202 years before they can earn the same as men and have equal job opportunities, according to a global report released Tuesday, which said the rise in robots and the lack of child care were keeping many …
Boeing is buying a majority stake in Embraer’s commercial aircraft and services operations for $4.2 billion. The joint venture, announced Monday, gives Boeing 80 percent ownership of those operations, with Embraer owning the remaining stake. Boeing will have operational and …
U.S. President Donald Trump on Monday implored the country’s independent central bank to not raise interest rates again when its policy makers meet this week. In a Twitter message, Trump said, “It is incredible that with a very strong dollar …
Nissan’s board met Monday but failed to pick a new chairman to replace Carlos Ghosn, who was arrested last month on charges of violating financial regulations, saying more discussion was needed. Nissan Motor Co. Chief Executive Hiroto Saikawa told …