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Economy News

July 22, 2019
South Korea detains 6 for illegally entering Japan consulate
South Korean police on Monday detained six people for allegedly illegally entering a Japanese diplomatic facility in South ...
July 21, 2019
South Africa's president responds to critical report
South African President Cyril Ramaphosa has announced that he will urgently challenge in court a report by the country's ...
Philip Hammond
July 21, 2019
UK Treasury chief vows to quit if Boris Johnson becomes PM
British Treasury chief Philip Hammond said Sunday that he will quit if — as widely expected — Boris Johnson becomes prime ...
July 21, 2019
US concerned over China's 'interference' in South China Sea
The United States said it's concerned by reports of China's interference with oil and gas activities in the disputed waters ...
July 21, 2019
Iran says its seizure of British ship a 'reciprocal' move
Iran's seizure of a British oil tanker was a response to Britain's role in impounding an Iranian supertanker first, senior ...
July 20, 2019
Official: Tech execs gathering at White House
A Trump administration official says tech company executives are due to meet Monday at the White House with the president's ...
July 20, 2019
Turkey steps up drilling activities around Cyprus
Turkey's vice president said Saturday that his country is dispatching a survey vessel to join two drillships and another ...
July 20, 2019
Trump's 'go back' remark: In workplace, it might be illegal
President Donald Trump's suggestion that four activist Democratic congresswomen of color "go back" to countries "from which ...
July 20, 2019
Penney: We haven't hired advisers for in-court restructuring
J.C. Penney, looking to soothe rattled investors, said Friday it hasn't hired any advisers to prepare for an in-court ...
July 20, 2019
South Africa's president accused of misleading Parliament
A South African corruption watchdog on Friday said President Cyril Ramaphosa "deliberately misled" Parliament about a ...
Donald Trump
July 19, 2019
Plastic or paper? Trump campaign weighs in on straw debate
The president and his reelection campaign are mocking efforts to replace plastic straws with paper ones and turning that ...
July 19, 2019
American Express 2Q profits rise 9%, beating expectations
American Express posted a 9% gain in second-quarter profits on Friday, helped by more of its cardmembers carrying a credit ...
July 19, 2019
Bulgarian lawmakers seal deal to buy 8 new F-16s from US
Bulgaria's parliament has approved the purchase of eight new American fighter jets as part of a plan to replace the Balkan ...
July 19, 2019
American Express 2Q profit jumps 8%
American Express is reporting a profit hike of more than 8% from the second-quarter. The company on Friday posted net income ...
July 19, 2019
Microsoft cloud growth beats expectations
Microsoft on Thursday reported quarterly profit of $13.2 billion, powered in large part by a steadily growing cloud computing ...
July 18, 2019
Automaker BMW names production chief Zipse as new CEO
BMW has named its top production manager, Oliver Zipse, as CEO to lead the luxury automaker through a shift to new ways of ...
July 18, 2019
US average long-term mortgage rates rise; 30-year at 3.81%
U.S. long-term mortgage rates rose this week after three weeks of holding steady, tipped higher by expectations that the ...
July 18, 2019
Toys R Us plans a small comeback with 2 stores this year
The first two new Toys R Us stores — one in Texas, the other in New Jersey — will open in November as part of a small ...
July 18, 2019
Union Pacific delivers 4% better 2Q profit on lower expenses
Union Pacific Corp. delivered 4% more profit in the second quarter even though it hauled less freight because it cut its ...
July 18, 2019
Renault chief confident partnership with Nissan on track
Renault's chairman expressed confidence Thursday that the French automaker's alliance with Nissan remains on track following ...
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