Monday, September 21, 2015

Global Business


The United Arab Emirates' state-run ADNOC, long seen as one of the most conservative oil firms in the Middle

Tesla cuts prices to simplify lineup

Tesla Inc has dropped the standard-range variants of its Model X and Model S from its product lineup

Malaysia seizes $240mn from Chinese company

Malaysia seized more than 1 billion ringgit ($243.5 million) from a bank account of state-owned China Petroleum Pipeline

US proposes barring big tech companies

A proposal to prevent big technology companies from functioning as financial institutions or issuing digital currencies has been

Wall Street finds blockchain hard to tame

Two years ago Nasdaq Inc and Citigroup Inc announced a new blockchain system they said would make payments

China boosts bond issuance to $104b

China's local governments sharply accelerated their bond issuance in June as they looked to ramp up infrastructure spending

German investor morale darkens on trade disputes

The mood among German investors deteriorated more sharply than expected in July, a survey showed on Tuesday, with

U.S. to raise bar for "made in America" products

U.S. President Donald Trump ordered Monday that only products with more than 55 percent made in the United States may

Boris Johnson raises Brexit stakes with Irish border stance

The favorite to become Britain's next prime minister, Boris Johnson, has raised the Brexit stakes by saying he will discard

Reassuring Chinese data nudges shares higher

Surprisingly upbeat economic soundings from China lifted the global markets mood on Monday, pushing world shares toward an

Will India's tax on the rich hit foreign investment inflows?

The Indian government's budget proposal earlier this month to increase taxes on those with annual incomes of more

UK deals blow to insurers with change

Britain's Ministry of Justice said on Monday it will change the discount rate used to calculate compensation for

Bitcoin drops more than 10%

Bitcoin slumped more than 10% over the weekend to a two-week low as fears of a crackdown of

China's first-half pork output falls

China's pork output fell by less than expected in the first half as the country tackles a devastating

US firms may get nod to restart Huawei sales

The US may approve licenses for companies to re-start new sales to Huawei in as little as two

Malaysia to file WTO complaint on EU's palm oil curb

Malaysia will file a complaint to the World Trade Organization (WTO) by November to challenge a European Union

'Amazon workers in Germany strike over pay'

More than 2,000 workers at seven Amazon sites across Germany have gone on strike over pay for at

Singapore Exchange proposes price limits

Singapore Exchange's regulatory unit is proposing imposing price limits during daily stock auctions to prevent incidents such as

Oil prices nudge up on Chinese economic data

Oil prices rose slightly on Monday as Chinese industrial output and retail data topped expectations but gains were

New US election systems use vulnerable software

 Pennsylvania's message was clear: The state was taking a big step to keep its elections from being hacked

Taiwan defends US arms deal after China sanctions threat

Taiwan on Saturday defended a proposal to purchase $2.2 billion in arms from the US, following a Chinese

Tax-weary Greek traders welcome change of govt

"Once my taxes are paid, at the end of the day I have 20 or 25 euros left

Huawei plans layoffs at its US operations

Huawei Technologies Co Ltd [HWT.UL] is planning extensive layoffs in the United States as the Chinese telecoms equipment

Judge sides with Pentagon and Amazon bidding case

A federal judge has dismissed allegations that bidding for a $10 billion cloud computing contract with the Pentagon was

FTC fine doesn't spell closure for Facebook

Facebook may be close to putting a Federal Trade Commission investigation behind it. But it faces a variety

Barneys New York explores options that include bankruptcy

US luxury department store operator Barneys New York Inc is exploring options that include a bankruptcy filing, as

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