Feed aggregator

Global stocks inch higher as stimulus hopes spur tentative rebound

News - Tue, 08/20/2019 - 06:59
Stock markets edged higher on Tuesday as investors welcomed signs that more monetary and fiscal stimulus was on its way, hoping more easing would help stave off a major global economic downturn.

Ghana cashes in on slave heritage tourism

News - Tue, 08/20/2019 - 06:56
In a clearing at the turnoff to Assin Manso, a billboard depicts two African slaves in loincloths, their arms and legs in chains. Beside them are the words, "Never Again!"

U.S. yield curve: Invert, steepen, repeat

News - Tue, 08/20/2019 - 06:39
A swift steepening of the U.S. 2-year/10-year yield curve after it inverted last week may have given investors hope that the United States can escape recession. They should probably take a breath.

Inverted what? Searches for obscure financial term spike on Google

News - Tue, 08/20/2019 - 06:39
Searches on Google for "inverted yield curve" have spiked after the unusual bond market phenomenon presented itself last week for the first time in over 12 years and helped tank Wall Street amid chatter that an economic downturn was imminent.

Hong Kong leader says dialogue and 'mutual respect' offer way out of chaos

News - Tue, 08/20/2019 - 06:38
Hong Kong leader Carrie Lam said on Tuesday she hoped a peaceful weekend anti-government protest was the start of efforts to restore calm and that talks with non-violent protesters would provide "a way out" for the Chinese-ruled city.

Elanco to become No.2 in animal health with $7.6 billion Bayer deal

News - Tue, 08/20/2019 - 06:33
Elanco Animal Health agreed to buy Bayer's veterinary drugs unit on Tuesday in a cash and stock deal valued at $7.6 billion, creating the second largest animal health business and expanding Elanco's reach online.

People in protest-hit Hong Kong eye Malaysia's second-home program

News - Tue, 08/20/2019 - 06:32
A Malaysian program to attract wealthy foreigners to live in the Southeast Asian nation has drawn 251 applications from Hong Kong residents this year, compared with 193 approved last year from the Chinese-ruled city, a government official said.

Crew describe climate of fear at Cathay after Hong Kong sackings

News - Tue, 08/20/2019 - 06:31
Pilots and cabin crew at Hong Kong's Cathay Pacific Airways described a "white terror" of political denunciations, sackings and phone searches by Chinese aviation officials amid anti-government protests gripping the former British colony.

EU rebuffs British PM Johnson's opening Brexit bid

News - Tue, 08/20/2019 - 06:29
Prime Minister Boris Johnson's demand that the European Union reopen the Brexit divorce deal was rebuffed on Tuesday by the bloc, which said Britain had failed to propose any realistic alternative to an agreed insurance policy for the Irish border.

EU's Tusk accuses UK PM Johnson of pushing towards post-Brexit Irish border controls

News - Tue, 08/20/2019 - 06:29
European Council President Donald Tusk said on Tuesday British Prime Minister Boris Johnson's demands to drop the Brexit backstop came with no "realistic alternatives" and amounted to seeking a return to controls along the sensitive Irish border.

Kremlin says no cause for alarm after nuclear sensors go offline

News - Tue, 08/20/2019 - 06:26
The Kremlin said on Tuesday that there was nothing to worry about after a series of Russian radiation monitoring stations were reported to have stopped transmitting data following a mysterious military accident earlier this month.

More than 10 jump overboard from migrant ship stranded off Italy

News - Tue, 08/20/2019 - 06:15
More than 10 of the migrants on a rescue ship stranded off southern Italy jumped overboard and tried to swim ashore on Tuesday as the Spanish charity operating the vessel remained in a stand-off with the Italian government over the migrants' fate.

Greece says has had no request from Iranian oil tanker to dock

News - Tue, 08/20/2019 - 06:03
Greece said on Tuesday it had not had a request for an oil tanker at the center of a row between Iran and the U.S. to dock at one of its ports, as Washington warned Greece against helping the vessel.

Huawei founder details 'battle mode' reform plan to beat U.S. crisis

News - Tue, 08/20/2019 - 05:42
China's Huawei will spend more on production equipment this year to ensure supply continuity, cut redundant roles and demote inefficient managers as its grapples with a "live-or-die moment" in the wake of U.S. export curbs, founder Ren Zhengfei said.

EU executive says Brexit backstop only way to avoid hard border in Ireland

News - Tue, 08/20/2019 - 05:41
The European Union executive said the backstop option was the only means identified by both London and the bloc to avoid a return to extensive border checks on the island of Ireland after Brexit.

Open Arms suggests Italy take rescue ship migrants to Spain

News - Tue, 08/20/2019 - 05:40
The commanders of a rescue ship with 98 migrants aboard declined to leave Italian waters on Monday, saying that its resources were exhausted and suggesting that Italy's Coast Guard should take the migrants to Spain.

Russia to nuclear test ban monitor: Test accident not your business

News - Tue, 08/20/2019 - 05:36
Russia on Tuesday told an international organization set up to verify a ban on nuclear tests that a military testing accident in northern Russia earlier this month was none of its business and that handing it radiation data was entirely voluntary.

Top U.S. CEOs say companies should put social responsibility above profit

News - Tue, 08/20/2019 - 05:30
Corporate America is responsible for providing economic benefits to all, not just its investors, the Business Roundtable group said on Monday.

Finnish PM tells UK's Johnson that EU won't reopen Brexit deal

News - Tue, 08/20/2019 - 05:28
Finland's Prime Minister Antti Rinne told his British counterpart Boris Johnson that the European Union would not renegotiate the Brexit deal, a spokesman for Rinne said on Tuesday.

Humbled Deutsche Bank faces battle in its own backyard

News - Tue, 08/20/2019 - 04:47
Online retailer Zalando is just the kind of fast-growing German business with foreign expansion plans that Deutsche Bank Chief Executive Christian Sewing needs to help drive the struggling lender's recovery.