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World's longest direct flight takes off from Singapore to NY

World's longest direct flight takes off from Singapore to NY

The airline is banking on the use of technology to control its fuel bill, as oil hovers around $80 per barrel. That will take the title of the world's longest commercial flight from Qatar Airways' r...

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China's trade surplus with the USA hit record highs in September

China's trade surplus with the USA hit record highs in September

An opportunity for talks between Trump and Chinese President Xi Jinping could come during the Group of 20 leaders' summit in Buenos Aires in late November, the Wall Street Journal reported. The higher...

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Trump calls stock sell-off a correction, says Fed ‘crazy’

Trump calls stock sell-off a correction, says Fed ‘crazy’

Still, Mr Trump said of Fed Chairman Jerome Powell, "I'm not going to fire him". And the Fed for decades has enjoyed an independence that has shielded it from whatever political storms may be raging...

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China Trade War to Hurt Global Economic Growth

China Trade War to Hurt Global Economic Growth

The IMF on Tuesday cut its outlook for global GDP growth by two-tenths to 3.7 percent for 2018 and 2019, citing the economic uncertainty. If projections are true, then India would regain the tag...

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DUP step up warning to May not to compromise on border

DUP step up warning to May not to compromise on border

Britain's worldwide trade, environment and Brexit ministers told Prime Minister Theresa May at a meeting on Thursday that they are concerned the whole of Britain could remain in the customs union fo...

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Trade war WARNING: Global economy would take 'SIGNIFICANT hit' if tensions escalate

Trade war WARNING: Global economy would take 'SIGNIFICANT hit' if tensions escalate

Stamp duties is something that can be looked at again, noting that even after boosting revenue side as government needs to improve on the spending side. "Owing to these changes, our global growth proj...

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Dow Jones Industrials Sink 800-plus Points

Dow Jones Industrials Sink 800-plus Points

Gulf of Mexico output. Tech leaders Amazon (AMZN ), Facebook (FB) and Netflix (NFLX ) all helped lead the market lower Wednesday while stodgier companies like food companies Smucker (SJM ) and Gen...

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Global stocks tumble after Trump 'crazy' Fed comment

Global stocks tumble after Trump 'crazy' Fed comment

I think the Fed has gone insane". He described the path of rate increases - most recently to a level of 2-2.25% - as "crazy", adding that the stock market reaction was the "correction that we've bee...

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International Monetary Fund cuts global economic growth target to 3.7%

International Monetary Fund cuts global economic growth target to 3.7%

Lagarde told reporters the Fed's rate hikes were justified by fundamentals. "We are seeing a growing debt crisis in many developing economies", stated LeCompte who also serves on United Nation ...

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Trump takes aim at 'crazy' Fed as markets sink following U.S. slump

Trump takes aim at 'crazy' Fed as markets sink following U.S. slump

They're so tight. I think Fed has gone insane", president Trump replied. A stock market correction is defined as a decline of at least 10 percent from the high point of the past 52 weeks, suggesting...

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Jamal Khashoggi case: USA intel heard Saudis discussing plot against journalist

Jamal Khashoggi case: USA intel heard Saudis discussing plot against journalist

On Wednesday, Turkish television released CCTV footage of him entering the consulate. His fiancée, waiting outside, said he never emerged and Turkish sources said they believe Khashoggi was killed...

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Saudi leadership ordered Khashoggi's murder, Turkey says

Saudi leadership ordered Khashoggi's murder, Turkey says

A human rights activist holds picture of Saudi journalist Jamal Khashoggi during a protest outside the Saudi Consulate in Istanbul, Turkey October 9, 2018. About two hours later Aksam showed two v...

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Market Outlook: China cuts reserve requirements

Market Outlook: China cuts reserve requirements

There is room for further reductions and I expect another 1 percentage point cut by the year-end,"Mr. Xu added". Banks in China are now allowed to reduce the amount of cash held as reserves foll...

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Nobel prize in economics announced in Sweden

Nobel prize in economics announced in Sweden

In the past, Romer says, countries practiced a "complacent optimism" toward new ideas, from the cotton gin to assembly-line manufacturing to driverless vehicles. At a separate news conference at Yal...

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Brent crude drops below $83 on expectations Iran will maintain some exports

A United States government official said on Friday that the administration was considering waivers on Iran's oil sanctions. Refiners have already announced purchases of oil from Iran for November at...

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US, China trade war could dent economic growth

Reflecting such sentiments, growth in trade of goods and services across the world was revised down 0.6 point from the July forecast to 4.2 percent in 2018 and 0.5 point to 4.0 percent in 2019, accord...

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International Monetary Fund forecasts 7.1% economic growth for 2019

International Monetary Fund forecasts 7.1% economic growth for 2019

The euro zone's 2018 growth forecast was cut to 2% from 2.2% previously, with Germany particularly hard hit by a drop in manufacturing orders and trade volumes. exports with heavy tariffs, with extra ...

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Apple Tells US Congress It Found No Signs of Chip Hack

Apple Tells US Congress It Found No Signs of Chip Hack

The Department of Homeland Security said this weekend it had "no reason to doubt" denials from Apple and Amazon of a report that Chinese spies placed surveillance chips in their server hardware....

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India will break USA sanctions and keep importing Iranian oil

India will break USA sanctions and keep importing Iranian oil

Prince Mohammed told Bloomberg on Friday that the kingdom had met its promise to Washington to make up for Iranian oil supplies lost through U.S. sanctions, reimposed when the United States exited...

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United States Must Lift Aviation Sanctions On Iran

United States Must Lift Aviation Sanctions On Iran

In its lawsuit against the U.S., the Islamic Republic of Iran argued that the sanctions violate the terms of the 1955 Treaty of Amity between Iran and the U.S. The market has been reacting to the Nove...

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