Money

by | July 10, 2018 | 02:11

Acosta said, "We have more than half a million Americans saying "we want to work", and that is great news". But for now the sector, which accounts for about 12 percent of the US economy, appears in good health. In general, monthly payroll gains of around 100 000 - or even a bit less - are sufficient to keep pushing down the unemployment rate, according to economists.

by | July 10, 2018 | 00:44

However, with more people searching for work, the unemployment rate increased to six per cent. The Bank of Canada has raised rates three times since July 2017 and Governor Stephen Poloz said last week economic data would decide the next move on July 11.

by | July 08, 2018 | 14:24

Zuckerberg now trails only Amazon founder Jeff Bezos and Microsoft Corp co-founder Bill Gates . Almost all of Zuckerberg's wealth is tied up in the shares and last week's spike inched him past Buffett ($81.2bn), according to the Bloomberg Billionaires Index , though he still lags behind Amazon's Jeff Bezos ($141bn) and Microsoft's Bill Gates ($93bn).

by | July 08, 2018 | 07:40

The Labor Department said that average hourly earnings rose five cents, or 0.2% in June after increasing 0.3% in May. The lack of wage growth is disappointing, but still higher than the rate of inflation , said Douglas Holtz-Eakin, president of the American Action Forum.

by | July 07, 2018 | 11:47

Saudi Arabia, the world's biggest exporter with the largest amount of spare capacity, has given only a muted response to Trump. -Chinese trade war and increased production by Saudi Arabia and Russian Federation outweighed concerns over supply disruptions from Venezuela to Libya to looming sanctions on Iran .

by | July 07, 2018 | 11:01

This time, though, it's in court for a different reason: It has accused USA rival Micron of infringing its patents on memory technology, and has been granted an early win in the form of a temporary injunction against the company. Fujian Jinhua also issued a statement on Tuesday saying the court had ruled against Micron. UMC is building a DRAM production plant in cooperation with JHICC, a state-owned enterprise under Fuzhou City of China.

by | July 06, 2018 | 22:49

The June jobs report marks the longest consecutive, positive monthly job expansion on record, at 93 months. "We've seen good springs in past years, but the job market has historically cooled off later into the year, with gains experienced early on wiped out during the latter part of the year", said Kerr.

by | July 06, 2018 | 21:43

Since 2015, it had invested an estimated $40 billion on acquisitions in a huge buying binge, holding major stakes in airport services firm Swissport and airline caterer Gate Gourmet, as well as Germany's leading lender Deutsche Bank, the Hilton Hotel Group and Carlson Hotels, which runs the Radisson chain.

by | July 06, 2018 | 01:37

President Donald Trump's threat to the World Trade Organization ( WTO ) that a failure to treat the U.S. The WTO emerged out of the General Agreement on Tariffs and Trade, and was formed in 1995 to resolve trade disputes, with members agreeing to follow a system of rules in order to to avoid unfair trade practices and to open up markets.

by | July 05, 2018 | 20:55

OPEC did not respond to a request for comment . Tehran blames rising prices on USA sanctions imposed on Iran and Venezuela , founding members of the cartel. "Just spoke to King Salman of Saudi Arabia and explained to him that, because of the turmoil & disfunction (sic) in Iran and Venezuela, I am asking that Saudi Arabia increase oil production, maybe up to 2,000,000 barrels, to make up the difference..." "If they want to stop Iranian oil exports, we will not allow any oil shipment to ...

by | July 05, 2018 | 18:55

He says that, despite a seemingly saturated market, a number of factors are keeping USA oil prices high. Iran's OPEC governor Hossein Kazempour Ardebili said the United States ban amounted to "self harm", adding that Iran's position is that oil should not be used as a weapon or for political purposes.

by | July 05, 2018 | 18:46

Yet Wilbur Ross, Trump's commerce secretary, insisted the White House will not blink even if investors across the world flee equity markets. Trump's government is threatening to raise tariffs for EU-made cars to 20 percent to "rebalance" the EU's 10 percent tariff on cars imported into its region.

by | July 05, 2018 | 18:10

A person with knowledge of the plan earlier told Reuters China's threatened tariffs on $34 billion of US goods would take effect from the beginning of the day on Friday. China is putting pressure on the EU to issue a strong joint statement against President Trump's trade policies at the summit but is facing resistance, European officials said.

by | July 04, 2018 | 12:31

The Golden State Warriors responded to one of the most seismic moves the National Basketball Association has ever seen on Monday night by reminding the other 29 teams in the league they're only nominally playing the same game. Perhaps the Lakers weren't locks to land quality free agents like Tyreke Evans or DeMarcus Cousins . He played 52 games during his rookie season, averaging 10.2 points, 6.9 rebounds and 7.2 assists in 34.2 minutes per game.

by | July 04, 2018 | 09:45

Lopez Obrador told the Televisa network Monday that he will respect the current team of negotiators, and let them continue representing Mexico until he takes office December 1, noting that he wants to have information on what's being discussed and "to help as much as we can".

by | July 04, 2018 | 09:43

That comment seemed to refer less to the USA elections and more to the vote on Sunday that's expected to sweep Andres Manuel Lopez Obrador into power as Mexico's first leftist leader in decades - certainly an "interesting" outcome for Trump and others.

by | July 04, 2018 | 07:57

The White House later walked back the president's comments, saying the king had said his country could raise oil production if needed. Oil prices fell on Monday , reversing course from last week as supplies from Saudi Arabia and Russian Federation rose while economic growth stumbled in Asia amid escalating trade disputes with the United States.

by | July 04, 2018 | 07:54

Lindsay Walters, a White House spokeswoman, told Axios that the bill was not "actual legislation that the administration was preparing to rollout", adding: "Principals have not even met to review any text of legislation on reciprocal trade".

by | July 04, 2018 | 07:51

The logo of Walmart is pictured at one of their stores in Monterrey, Mexico March 6, 2017. Walmart also had pro-Trump apparel available on its website, CBS News says others have pointed out. They do so in violation of their agreement, but quite often they escape unnoticed. Walmart did not immediately respond to a request for comment. The problem isn't Walmart's alone.

by | July 04, 2018 | 07:26

Lopez Obrador called Sunday for "better relations" with the United States . But the prospect of Lopez Obrador rattled markets leading up to the election. Hundreds of Mexicans living in California drove for hours on Sunday to vote south of the border for Andres Manuel Lopez Obrador as president, persuaded by his pledges to stand up to U.S President Donald Trump and end graft and violence at home.