Facebook departure is a wake-up call for investors

Mark Zuckerberg's inner circle just got smaller. Chris Cox, the Facebook chief executive's long-time lieutenant and chief product officer, is quitting after Zuckerberg last week outlined a new direction for the $470 billion social network. It's hard to overstate how instrumental Cox has been. His departure is a wake-up call for investors.
16 March 2019, 18:00 PM

Airlines with buyers' remorse may use Boeing 737 MAX ban to revise orders

The grounding of Boeing's global 737 MAX fleet has brought headaches for airlines that need to find alternative aircraft to fly in their place, but it has given some carriers a welcome opportunity to re-evaluate orders for the plane.
16 March 2019, 18:00 PM

China approves foreign investment law, possible US olive branch

China's rubber-stamp parliament approved a foreign investment law on Friday that was fast-tracked and may serve as an olive branch in trade talks with the United States.
16 March 2019, 18:00 PM

Brazil airport auction tests investor confidence in Bolsonaro

Spain's Aena snapped up six airports in Brazil on Friday, in an auction seen as the first major test of foreign investor confidence in President Jair Bolsonaro's market-friendly agenda.
16 March 2019, 18:00 PM

US manufacturing sinks again in February: Fed

US manufacturing dropped sharply for the second consecutive month in February with across-the-board declines in nearly every category of product, the Federal Reserve reported Friday.
16 March 2019, 18:00 PM

IDB is first multilateral lender to recognise envoy of Venezuela's Guaido

The Inter-American Development Bank on Friday officially recognized the representative named by Venezuela's opposition leader Juan Guaido, the first multilateral institution to take that step.
16 March 2019, 18:00 PM

Fed to raise interest rates once more in third quarter, then done

The US Federal Reserve will remain patient for a little longer than thought just last month, waiting until the third quarter before raising rates once more, and then stay on the sidelines, a Reuters poll of economists showed.
16 March 2019, 18:00 PM

Amazon's second headquarters faces new blocks in Virginia funding vote

Amazon.com Inc's plan to set up a second headquarters in northern Virginia, after being rebuffed in New York, will face its first test when local officials vote on Saturday on a proposed financial package worth an estimated $51 million.
16 March 2019, 18:00 PM

Trump says he is in no rush to complete China trade deal

US President Donald Trump said on Wednesday he was in no rush to complete a trade pact with China and insisted that any deal include protection for intellectual property, a major sticking point between the two sides during months of negotiations.
14 March 2019, 18:00 PM

US ups pressure on Europe over 5G infrastructure from China's Huawei

The US upped pressure on Europe Wednesday to avoid turning to Huawei for 5G telecom infrastructure, with a top commander saying NATO forces would cease communicating with their German colleagues if Berlin teams up with the Chinese firm.
14 March 2019, 18:00 PM

Frugal consumers, higher costs take fizz out of Japan's food stocks

Japan's food firms, once seen as a rare group of winners in the country's fight against deflation, are falling out of favor with investors as consumers reject price hikes on many household products.
14 March 2019, 18:00 PM

Giant UAE port operator posts rise in 2018 profit

Dubai port and logistics giant DP World said Thursday its net profit for 2018 rose over five percent on increased trade and higher returns from new acquisitions.
14 March 2019, 18:00 PM

China's industrial output slows, unemployment rises

China's industrial output slowed during the first two months of the year as unemployment rose, official data showed Thursday, while some indicators showed a slowdown in the world's second largest economy stabilising.
14 March 2019, 18:00 PM

Philadelphia says no to totally cashless future

With an increasing number of US businesses no longer accepting cash, Philadelphia -- the City of Brotherly Love -- is taking a stand to protect the so-called "unbanked" and will force merchants to accept greenbacks.
10 March 2019, 18:00 PM

Hyundai Motor in talks with investors to develop headquarters project

Hyundai Motor Co is in talks with potential investors to develop its new headquarters planned for the South Korean capital of Seoul to share additional investment costs worth about 3.7 trillion won ($3.27 billion), it said on Sunday.
10 March 2019, 18:00 PM

Northern Ireland firms warn of economic, social risks from no-deal Brexit

Northern Ireland businesses urged British lawmakers on Sunday to seek a compromise over the country's departure from the European Union and avoid the economic and social risks the province faces in crashing out of the bloc without a deal.
10 March 2019, 18:00 PM

US, China driving oil demand; no Opec policy change: Saudi minister

Saudi oil minister Khalid al-Falih said on Sunday that China and the US would lead healthy global demand for oil this year but that it would be too early to change OPEC+ output policy at the group's next meeting in April.
10 March 2019, 18:00 PM

Tesla says working on China import hiccup

Tesla said Wednesday it was working to resume imports of its new Model 3 sedan in China after the company said a labelling hiccup caused problems with customs.
6 March 2019, 18:00 PM

Australia's economy slows ahead of election

Australia's economic growth ground to a near halt in the second-half of 2018, official data showed Wednesday, thrusting the issue to the front and centre of an already contentious general election campaign.
6 March 2019, 18:00 PM

OECD lowers global growth forecast over trade tensions

Global trade tensions and political uncertainty are weighing on the world's economy, the OECD warned Wednesday, cutting its global growth forecast for this year to 3.3 percent, down from the 3.5 percent it predicted in November.
6 March 2019, 18:00 PM