News

Tesla Wants to Invest $5 billion in China Car Plant to Avoid Tariffs

Tesla wants to invest $5 billion to produce cars in China, the company also aims at avoiding possible tariffs as trade tensions...

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Oil prices gain, U.S. crude little changed after inventory data

On Wednesday after steep falls in the previous session oil prices rose, although U.S. crude trailed gains for international benchmark Brent after U.S...

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China Lost Its Status of World's-Biggest Stock Market to Japan

China just lost its ranking as the world’s number two stock market. After a Thursday slump, Chinese equities...

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Bank of America trims net interest income guidance

On Wednesday Bank of America Corp (BAC.N) lowered its annual net interest income guidance to reflect a weakened interest rate environment as...

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Pound Is Sinking Seeing No Definite Agreement on Brexit

The pound sank to an 11-month low on Monday as comments by officials about Brexit provoked new fears among currency investors...

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Dollar under pressure after Fed fuels bets on large rate cut

On Friday the dollar was on the defensive after Federal Reserve officials bolstered expectations of an aggressive rate cut this month to address...

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India Postponed Tariffs on US Export for the Second Time

The tariffs on US exports worth more than $200 million were due to take effect on August 4 but will be delayed by six weeks...

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Oil rises on Middle East Gulf tensions; Libya field resumes output

On Monday oil prices rose on concerns that Iran’s seizure of a British tanker last week may lead to supply disruptions in the Middle East Gulf...

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