Wall Street falls with financials, other post-election gainers
US stocks fell due to protectionist trade policies planned by Trump, the concerns pushed the dollar to its lowest in more than a month
Jan 18, 2017 9:23 AM EST
Dollar dips on Trump comments; sterling heads for biggest rise since 2008
Donald Trump states that the strong dollar is killing US companies when trying to compete with China. The dollar fell because of his comments.
Boeing cautiously announces $16 billion Iran deal amid Trump's tariff threats
Boeing explained in their statement that the deal with Iran, which had agreed on a nuclear accord during the Obama administration, would translate to tens of thousands of jobs in the U.S. that would in turn boost the economy as a whole.
Donald Trump makes promise to cut drug prices, pharmaceutical stocks on Wall Street fall
Trump's recent statements during an interview with Time Magazine, has caused a significant drop in pharmaceutical stocks as Trump announced that he will be cracking down on drug price hikes when he officially holds office.
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Donald Trump named Terry Branstad as US Ambassador to China
The Governor of Lowa, Terry Branstad, has a good relationship with Chinese Leader since 1985. US News Update 2016 - The US President-elect, Donald Trump, has appointed Terry Branstad, The Republican Governor of Lowa, to become US Ambassador to China.
Dec 08, 2016 1:41 AM EST
Trump's recent Air Force Boeing contract figures found baseless, Airbus to build new planes?
President-elect Trump just recently proclaimed that he will be cancelling the order the country has placed with Boeing seeing as that the cost for the new planes may be more than $4 billion.
Dec 08, 2016 1:39 AM EST
Trump brokers $50B US deal with Softbank, T-mobile and Sprint merger may happen
Trump had met with SoftBank Group Corp's chief executive, which apparently ended with the company agreeing to make a $50 billion investment in the United States and opening more than 50,000 jobs to Americans.
Dec 08, 2016 1:07 AM EST
69 Percent of Respondents : Trump Didn't Have To Sell His Business
The US President-elect, Donald Trump, has promised to hand out of his business empires to his children before get sworn as the president next month. Some politicians stated that Trump's words just to avoid potential conflicts of interest.
Dec 07, 2016 9:57 AM EST
Alibaba, Baidu, and 23 Other Chinese Tech Companies Pledged to Help Government Fight Online Terrorism
As a response to China’s new anti-terror law, 25 tech companies in the country have signed a pledge to help the government combat online terror activities. Under the law, tech companies are required to decrypt information for Beijing and provide assistance to keep the internet from terror-related contents.
Apr 14, 2016 7:18 AM EDT
US Congress Delayed Work on Puerto Rico Debt Relief Bill, Blaming Obama Administration
The U.S. Congress has delayed work on Puerto Rico debt bill. Originally, the bill was scheduled to be the subject of hearing on Wednesday before receiving final amendments on Thursday. After that, it will be sent for debate on the House.
Apr 14, 2016 7:16 AM EDT
Five Large US Banks Do Not Have Sufficient Plan for Crisis Due to Lack of Information
GAO suggested financial regulators to disclose more information on their crisis policy framework. While five large banks do not have enough plan to manage operation during crisis.
Apr 14, 2016 7:13 AM EDT
Israel Antitrust Authority Opposed Acquisition of Golan Telecom
Cellcom Israel Ltd on Tuesday announced that regulators opposed its merger plan with Golan. However, Antitrust Authority will invite the companies representative to discuss the deal before making final decision.
Apr 14, 2016 7:11 AM EDT
Steel demand across the globe to decline 0.8%
Demand for steel across the globe is expected to decline 0.8% to 1,488 million tonnes in 2016, according to the World Steel Association. The association expects steel demand in China, the largest consumer, to fall 4% in 2016 tailed by a 3% decline in 2017, reaching 626.1 million tonnes in 2017.
Apr 14, 2016 7:08 AM EDT
Largest US Coal Miner Peabody Finally Files For Bankruptcy Ending Prolonged Speculations
The largest coal miner in the US has sought protection under bankruptcy law on Wednesday ending speculations over its future. The filing has been acknowledged as the largest bankruptcy case by liabilities during this year. With this filing, a century old publicly traded company is going to shutting down its operations in the US.
Apr 14, 2016 7:04 AM EDT
London and European Stock Market Rallied Following Surge of China's Export
London's FTSE 100 rose on Wednesday to reach record high. European shares continued its rally led by mining stocks as China reported increase of export.
Apr 14, 2016 7:02 AM EDT
SEC Files Fraud Charges Against Fired ConvergEx Executive Basilly Years After His Dismissal
SEC has filed a lawsuit against former ConvergEx exec Basilly on Tuesday on the allegation of defrauding traders. Prior to that, ConvergEx has admitted wrongdoing through its several units and counted penalty of $150 million to the regulators. However, his lawyer claims innocence rejecting all allegations and cites that Bassily has acted as per ConvergEx approved business model.
Apr 14, 2016 7:00 AM EDT
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