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Oil prices near 5-month low as global oversupply weighs

The Organization of the Petroleum Exporting Countries, together with major rivals such as Russian Federation and Oman, announced on November 30 that they would cut oil output for the first six months ...

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FOMC Holds Rates, Mush "Transitory" Statement Follows: Interesting Bond Reaction

A statement the Fed issued Wednesday after its latest policy meeting noted that the economy slowed sharply during the January-March quarter but that it expects that slump to be "transitory". The bal...

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April Jobs Report: 211000 Jobs Added, Unemployment At 4.4 Percent

April Jobs Report: 211000 Jobs Added, Unemployment At 4.4 Percent

US gross domestic product expanded at its slowest pace in three years in the first quarter, a figure economists largely attributed to persistent measurement issues. That could also push up wages. Job ...

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Trump to unveil tax cut he says could be biggest ever

Trump to unveil tax cut he says could be biggest ever

Treasury Secretary Steven Mnuchin reflected this in answer Monday to a question from the White House press corps. The administration seeks to push annual economic growth above 3 percent, roughly dou...

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Puerto Rico seeks bankruptcy protection: governor

Puerto Rico seeks bankruptcy protection: governor

Caribbean Business reported in September 2016 that the Federal Bureau of Investigations (FBI) had allegedly requested documents from bond underwriters as part of a probe into a $3.5 billion general-o...

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North Korea detains another American citizen

North Korea detains another American citizen

He had taught accounting for a month at Pyongyang University of Science and Technology, according to the university's chancellor. He had been working at Pyongyang Science and Technology University, ...

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From IIT to investing: 5 things Warren Buffett said about India

From IIT to investing: 5 things Warren Buffett said about India

Buffett also admitted he was wrong to think International Business Machines Corp IBM.N "would do better" six years ago, when he started amassing an 81 million share stake. He said he is open to invest...

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Dulux firm AkzoNobel rejects third PPG bid

Dulux firm AkzoNobel rejects third PPG bid

Akzo believes that PPG's third acquisition bid, which was unveiled on April 24, still does not value the company highly enough, especially in light of Akzo's plans to unlock value by exploring a spin-...

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Maradona takes charge at Al-Fujairah

Maradona takes charge at Al-Fujairah

Maradona, 56, has been out of management since being sacked by Dubai's Al-Wasl in 2012 but has now found a new role in the UAE second division. A trophyless campaign followed, featuring an eighth-plac...

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North Korea detains another American over alleged hostile acts

These facts are astonishing considering North Korea has isolated itself from the outside world for decades and has publicly announced the United States as being its' enemy. The college is an unlikely ...

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Funny Star Wars Day Tweets from a Galaxy Far, Far Away

In Taiwan's capital, fans took the day off from work to pose in costume for photographs at landmarks such as the Taipei 101 tower and the Sun Yat-Sen Memorial Hall. A replica of the iconic All-Terrain...

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USA unemployment benefits drop 19000 to 238000

The unemployment rate continues to fall below its long-run estimate and is placing upward pressure on wages - an acceleration in wages could be close. Many economists say the U.S.is now at or near "fu...

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Puerto Rico board files bankruptcy-like case to cut island debt

Puerto Rico board files bankruptcy-like case to cut island debt

Puerto Rico has reached one consensual settlement with creditors, a $9 billion deal covering its public electricity monopoly that Gov. Rosselló recently renegotiated to mitigate politically unpopular ...

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Deeply saddened as corruption charges are made against Kejriwal, says Anna Hazare

The bombshell prompted calls from the BJP and Congress for Kejriwal's ouster, but AAP stood solidly behind its leader, insisting there was no merit in the allegation and that "even his (Kejriwal's) en...

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China April exports, imports rise less than expected

China April exports, imports rise less than expected

China's trade surplus with the US was $US21.34 billion in April compared with $US17.74 billion a month earlier, according to data from the customs bureau. This story has been corrected to show that im...

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After ban, Turkish Airlines to offer laptops to VIP travellers

After ban, Turkish Airlines to offer laptops to VIP travellers

But she said the flight attendant looked at her boarding pass and simply sat her somewhere else. A French woman passenger was reportedly misdirected to the wrong flight after United Airlines alleged...

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Buffett says money spent on plumbers better than on hedge funds

Vice Chairman Charles Munger, 93, said "it's even worse than that" because some hedge fund managers with a long career in the industry - known for charging 2% management fees and taking 20% of profits...

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Oil Gains For The Day, But Drops Over 6% For The Week

Offshore production in the Gulf of Mexico has also hit a record, bringing total US output to 9.3 million barrels a day, its highest since August 2015 . A formal decision will be taken when the OPEC ...

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North Korea detained another USA citizen

Less than a month after a Korean-American professor was taken into custody, North Korea again detained a US citizen on Sunday, according to reports from a state-run news agency. North Korea last w...

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Buffett downplays value clash between Berkshire, cost-cutting 3G

Buffett said there's no change in Berkshire's plan to eventually replace him. Warren Buffett, who controls the largest stake in Wells Fargo & Co., said the San Francisco bank mishandled the fake-...

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