Category: Бізнес
Powell Signals More Hikes Ahead if US Economy Stays Strong
24/08/2018
Federal Reserve Chairman Jerome Powell signaled Friday that he expects the Fed to continue gradually raising interest rates if the U.S. economic expansion remains strong. Powell added that while annual inflation has risen to near the Fed’s 2 percent target rate, it doesn’t seem likely to accelerate above that point. That suggests that he doesn’t …
Powell Signals More Hikes Ahead if US Economy Stays Strong
24/08/2018
Federal Reserve Chairman Jerome Powell signaled Friday that he expects the Fed to continue gradually raising interest rates if the U.S. economic expansion remains strong. Powell added that while annual inflation has risen to near the Fed’s 2 percent target rate, it doesn’t seem likely to accelerate above that point. That suggests that he doesn’t …
US, China Exchange New Round of Tariffs in Trade War
23/08/2018
A new set of tit-for-tat tariffs imposed by the United States and China on each other’s goods took effect Thursday. The U.S. announced earlier this month that it would impose 25 percent tariffs on $16 billion worth of Chinese goods, on top of the 25-percent tariffs it imposed on $34 billion worth of Chinese products …
US, China Exchange New Round of Tariffs in Trade War
23/08/2018
A new set of tit-for-tat tariffs imposed by the United States and China on each other’s goods took effect Thursday. The U.S. announced earlier this month that it would impose 25 percent tariffs on $16 billion worth of Chinese goods, on top of the 25-percent tariffs it imposed on $34 billion worth of Chinese products …
After Summer’s Growth Revisions, Macron Has Budget Work Cut Out
22/08/2018
French President Emmanuel Macron will make the tough political choices needed to meet his deficit commitments, his government spokesman said, as he looked to put a bodyguard scandal behind him at his first Cabinet meeting after the summer break. Macron and his ministers in all likelihood need to find savings in next year’s budget, to …
After Summer’s Growth Revisions, Macron Has Budget Work Cut Out
22/08/2018
French President Emmanuel Macron will make the tough political choices needed to meet his deficit commitments, his government spokesman said, as he looked to put a bodyguard scandal behind him at his first Cabinet meeting after the summer break. Macron and his ministers in all likelihood need to find savings in next year’s budget, to …
EXCLUSIVE – Sources: Aramco Listing Plan Halted, Oil Giant Disbands Advisors
22/08/2018
Saudi Arabia has called off both the domestic and international stock listing of state oil giant Aramco, billed as the biggest such deal in history, four senior industry sources said on Wednesday. The financial advisors working on the proposed listing have been disbanded, as Saudi Arabia shifts its attention to a proposed acquisition of a …
Myanmar’s Tour Operators Call for Plan to Boost Industry
22/08/2018
When reforms began in Myanmar in 2011, its tourism sector was considered as one of those most likely to take advantage of the economic opportunities as the country looked to reconnect with the outside world. Authorities and businesspeople were confident that foreign tourists would be drawn to Myanmar, eager to see such sites as the …
Myanmar’s Tour Operators Call for Plan to Boost Industry
22/08/2018
When reforms began in Myanmar in 2011, its tourism sector was considered as one of those most likely to take advantage of the economic opportunities as the country looked to reconnect with the outside world. Authorities and businesspeople were confident that foreign tourists would be drawn to Myanmar, eager to see such sites as the …
‘Leakage’ of Coal From North to South Korea Worries Experts
22/08/2018
Following Seoul’s announcement that South Korean companies have illegally imported North Korean coal, U.S. experts are worried about North Korean trade that contravenes international sanctions. The Korea Customs Service (KCS) announced earlier this month that three South Korean companies illegally imported North Korean coal that was transshipped at Russian ports, in violation of United Nations …
‘Leakage’ of Coal From North to South Korea Worries Experts
22/08/2018
Following Seoul’s announcement that South Korean companies have illegally imported North Korean coal, U.S. experts are worried about North Korean trade that contravenes international sanctions. The Korea Customs Service (KCS) announced earlier this month that three South Korean companies illegally imported North Korean coal that was transshipped at Russian ports, in violation of United Nations …
Chile’s Pinera Promises to Spur Investment with Tax Reform
22/08/2018
Chilean President Sebastian Pinera said on Tuesday that his overhaul of the country’s tax structure would “modernize” Chile’s revenue system and stimulate investment by local and foreign companies. The conservative leader said in a televised address that reform would, among other proposals, calibrate taxes paid by conventional companies with those paid by digital technology companies. …
Chile’s Pinera Promises to Spur Investment with Tax Reform
22/08/2018
Chilean President Sebastian Pinera said on Tuesday that his overhaul of the country’s tax structure would “modernize” Chile’s revenue system and stimulate investment by local and foreign companies. The conservative leader said in a televised address that reform would, among other proposals, calibrate taxes paid by conventional companies with those paid by digital technology companies. …
Trump Demands Fed Help on Economy, Complains About Interest Rate Rises
21/08/2018
U.S. President Donald Trump said on Monday he was “not thrilled” with the Federal Reserve under Chairman Jerome Powell for raising interest rates and said the U.S. central bank should do more to help him to boost the economy. In the middle of international trade disputes, Trump in an interview with Reuters also accused China …
Trump Demands Fed Help on Economy, Complains About Interest Rate Rises
21/08/2018
U.S. President Donald Trump said on Monday he was “not thrilled” with the Federal Reserve under Chairman Jerome Powell for raising interest rates and said the U.S. central bank should do more to help him to boost the economy. In the middle of international trade disputes, Trump in an interview with Reuters also accused China …
China to Keep Providing Aid to Pacific for Sustainable Development
20/08/2018
China will continue to provide aid to Tonga and other countries in the Pacific to help them achieve sustainable development, China’s Foreign Ministry said on Monday, amid a mounting debt problem in the region. Tonga’s prime minister on Friday backed down on calls for Pacific island nations to collectively lobby China to forgive their debts, …
China to Keep Providing Aid to Pacific for Sustainable Development
20/08/2018
China will continue to provide aid to Tonga and other countries in the Pacific to help them achieve sustainable development, China’s Foreign Ministry said on Monday, amid a mounting debt problem in the region. Tonga’s prime minister on Friday backed down on calls for Pacific island nations to collectively lobby China to forgive their debts, …
With Inflation Soaring, Venezuela Prices Shed Five Zeros
20/08/2018
Venezuela on Monday slashed five zeros from prices as part of a broad economic plan that President Nicolas Maduro says will tame hyperinflation but critics call another raft of failed socialist policies that will push the chaotic country deeper into crisis. Streets were quiet and shops were closed due to a national holiday that Maduro …
With Inflation Soaring, Venezuela Prices Shed Five Zeros
20/08/2018
Venezuela on Monday slashed five zeros from prices as part of a broad economic plan that President Nicolas Maduro says will tame hyperinflation but critics call another raft of failed socialist policies that will push the chaotic country deeper into crisis. Streets were quiet and shops were closed due to a national holiday that Maduro …
Euro Fund: Greece Has Officially Exited Bailout Program
20/08/2018
“For the first time since early 2010, Greece can stand on its own feet,” the European Stability Mechanism (ESM) rescue fund said as Athens exited its final, three-year international bailout program on Monday. The ESM allocated about $71 billion over the past three years, after an agreement was reached in August 2015 to help the …
Euro Fund: Greece Has Officially Exited Bailout Program
20/08/2018
“For the first time since early 2010, Greece can stand on its own feet,” the European Stability Mechanism (ESM) rescue fund said as Athens exited its final, three-year international bailout program on Monday. The ESM allocated about $71 billion over the past three years, after an agreement was reached in August 2015 to help the …
Maduro Unveils New Banknote, Other Economic Reforms
19/08/2018
Uncertainty reigned in Venezuela Saturday after President Nicolas Maduro unveiled a major economic reform plan aimed at halting the spiraling hyperinflation that has thrown the oil-rich, cash-poor South American country into chaos. Ahead of a major currency overhaul Monday, when Caracas will start issuing new banknotes after slashing five zeroes off the crippled bolivar, Maduro …
Maduro Unveils New Banknote, Other Economic Reforms
19/08/2018
Uncertainty reigned in Venezuela Saturday after President Nicolas Maduro unveiled a major economic reform plan aimed at halting the spiraling hyperinflation that has thrown the oil-rich, cash-poor South American country into chaos. Ahead of a major currency overhaul Monday, when Caracas will start issuing new banknotes after slashing five zeroes off the crippled bolivar, Maduro …
Turkey’s Economic Crisis Rattles Global Markets
19/08/2018
A budding trade war between the U.S. and Turkey over a detained American pastor is having global consequences. A sharp drop in Turkey’s lira, inflation and the threat of loan defaults, could drag down other economies, particularly in emerging markets. Turkey’s troubles are causing ripple effects in countries as far away as Argentina and Indonesia, …
Turkey’s Economic Crisis Rattles Global Markets
19/08/2018
A budding trade war between the U.S. and Turkey over a detained American pastor is having global consequences. A sharp drop in Turkey’s lira, inflation and the threat of loan defaults, could drag down other economies, particularly in emerging markets. Turkey’s troubles are causing ripple effects in countries as far away as Argentina and Indonesia, …
Tesla Stock Drops; Musk Under Fire
18/08/2018
Tesla shares dropped nearly 9 percent in value Friday, amid reports of CEO and co-founder Elon Musk meeting with the U.S. Securities and Exchange Commission (SEC). Musk wrote on Twitter last week of his plans to take the company private for a price of $420 per share, writing that he had “funding secured.” On Monday, …