Chinese Finance Minister Lou Jiwei criticized Republican presidential front-runner Donald Trump, calling him “an irrational type” due to his proposal that tariffs on imported Chinese goods be increased to up to 45 percent. In an interview with the Wall Street Journal published on Sunday, Lou said, “Trump is an irrational ... Read More »
On a warm September morning in 2014, the 10-man board of Brazilian steelmaker Usiminas met on the ninth floor of a blue glass tower in Sao Paulo. In the room, the board members grappled over whether to fire the company’s chief executive and two vice presidents after an audit found ... Read More »
Prices of both varieties of sugar firmed up at the Vashi wholesale market here today due to rising demand from stockists and bulk consumers amid restricted arrivals. Small sugar (S-30) shot-up by Rs 6/30 per quintal to Rs 3,572/3,711 from last Saturday’s closing level of Rs 3,566/3,681. Medium sugar (M-30) ... Read More »
The Uttarakhand High Court today asked the Centre whether it was not “totally extraneous” for the Union Government to be concerned over the disqualification of nine rebel MLAs and to “interfere” in the affairs of the state which has to be done only in “extraordinary instances”. “What is passing through ... Read More »
The administrator for troubled Australian steel and iron ore group Arrium Ltd said it had agreed to work toward a “constructive” outcome with Morgan Stanley after the investment bank took legal steps to call in a three-year-old debt. Morgan Stanley filed action in the Delaware Chancery Court in the United ... Read More »
Copra edible Mumbai prices surged at the spice market here today due to good demand from stockists and retailers amid restricted arrivals from producing belts. The rest of the spices ruled steady in the absence of any worthwhile buying. Copra edible Mumbai gained by Rs 100 per quintal to Rs ... Read More »
WASHINGTON – Chinese Finance Minister Lou Jiwei criticized Republican presidential front-runner Donald Trump, calling him “an irrational type” due to the candidate’s proposal that tariffs on imported Chinese goods be increased to up to 45 percent. In an interview with the Wall Street Journal published on Sunday, Lou said, “Trump is ... Read More »
WASHINGTON– Bank of Canada Governor Stephen Poloz pushed back on Saturday at the suggestion the central bank had accepted economic assumptions from the Department of Finance without doing due diligence about Finance Minister Bill Morneau’s budget. “It might be worth spending a couple minutes on the question of fiscal multipliers ... Read More »
Bank of America Corp, the No. 2 U.S. bank by assets, reported an 18 percent slide in quarterly profit as concerns about a global economic slowdown and uncertainty about the pace of U.S. interest rate increases dampened bond and stock trading. Net income attributable to common shareholders fell to $2.22 ... Read More »
PERTH, Australia, April 12 —Taking a long view on the global market, Russian energy company Gazprom said it selected St. Petersburg as the 2022 host of a liquefied natural gas summit. Billed as the largest global event for the LNG sector, Gazprom said it was taking advantage of its leadership ... Read More »
Samsung’s operating profits were up 10.4 per cent in the first quarter from a year earlier on strong sales of the Galaxy S7, the latest iteration of its flagship smartphone line, the company said Thursday. Operating profit was around 6.6 trillion won for the quarter, while sales reached 49.0 trillion ... Read More »
If you’re the kind of person who really likes chatting with the mail carrier, Dispatch won’t be your favorite startup. That’s because the four-person South San Francisco company is working on technology that could replace postal workers, Instacart couriers, UPS and FedEx drivers, or anyone else who gets paid to ... Read More »
