FINANCIAL NEWS

Starbucks Plans Racial-Bias Training Following Criticism Over Arrest

WALL STREET JOURNAL - US. BUSINESS NEWS - Tue, 04/17/2018 - 22:42
As Starbucks faces pressure over its handling of employee encounters with black customers, the company said it would temporarily close thousands of its U.S. company-owned stores in May to conduct racial-bias education.

United Trims Some of Its Capacity Growth Plans for This Year

WALL STREET JOURNAL - US. BUSINESS NEWS - Tue, 04/17/2018 - 22:41
United Continental Holdings said it is cutting back on some extra flying this year after rattling airline investors in January with plans for additional capacity that raised fears of an industry fare war.

High court worries about abandoning online sales tax rule

AP Business - Tue, 04/17/2018 - 22:40
WASHINGTON (AP) -- The Supreme Court sounded concerned Tuesday about doing away with a rule that has meant shoppers don't always get charged sales tax when they hit "checkout" online....

Goldman finally reveals more of its big plans for consumer banking

AMERICAN BANKER - Tue, 04/17/2018 - 22:39
The Wall Street giant's acquisition of the app maker Clarity Money is only one part of a long-term strategy to build a digital retail bank from the ground up.

The Latest: Mnuchin says online tax filers to get extension

AP Business - Tue, 04/17/2018 - 22:38
WASHINGTON (AP) -- The Latest on the outage of the IRS payment website (all times local):...

Starbucks to close all stores for one-day bias training

FINANCIAL TIMES - Tue, 04/17/2018 - 22:34
Education for 175,000 US employees comes after arrest of two black men at Philadelphia store
Categories: FINANCIAL NEWS

The Latest: Police release call from Starbucks employee

AP Business - Tue, 04/17/2018 - 22:30
NEW YORK (AP) -- The Latest on the arrests of two black men at a Philadelphia Starbucks (all times local):...

The Latest: IRS payment site fails, but taxes are still due

AP Business - Tue, 04/17/2018 - 22:17
PORTLAND, Ore. (AP) -- The Latest on the outage of the IRS payment website (all times local):...

Debt to the Penny for 04/16/2018

US TREASURY DEBT DAY-TO-DAY - Tue, 04/17/2018 - 22:15
Debt Held by the Public: 15,382,519,365,712.58
Intragovernmental Holdings: 5,688,447,055,185.07
Total Public Debt Outstanding: 21,070,966,420,897.65

Mercantile in Mich. reports profit despite smaller balance sheet

AMERICAN BANKER - Tue, 04/17/2018 - 22:11
Though total loans and deposits were down from the end of 2017, management expressed optimism that things will pick up over the rest of this year.

Nintendo US patent filing sparks gaming speculation

FINANCIAL TIMES - Tue, 04/17/2018 - 22:00
Application suggests system linking consoles to form one single playing area
Categories: FINANCIAL NEWS

Regionals outflanked by big banks in battle for deposits

AMERICAN BANKER - Tue, 04/17/2018 - 21:37
The divide highlights a lingering question about how much commercial and retail depositors value cutting-edge technology over price — and whether midsize banks can keep pace with bigger rivals when it comes to tech investments.

Repeal of CFPB rule could still leave car lenders on the hook

AMERICAN BANKER - Tue, 04/17/2018 - 21:33
As the Senate closes in on overturning the Consumer Financial Protection Bureau's 2013 indirect auto loan rule, a central question is how lasting the congressional measure will be in limiting the CFPB's authority.

CRA needs to come off 'autopilot,' Fed's Quarles says

AMERICAN BANKER - Tue, 04/17/2018 - 21:23
The rules to comply with the Community Reinvestment Act have become "formulaic and ossified," and must be changed to encourage the kinds of lending practices that the law was originally intended to foment, the Federal Reserve's top regulator said Tuesday.

Merkel snubs Macron on EU monetary fund plan

FINANCIAL TIMES - Tue, 04/17/2018 - 21:04
Chancellor sticks to party line and disappoints French president ahead of reform summit
Categories: FINANCIAL NEWS

Iceland company to resume commercial hunting of fin whales

AP Business - Tue, 04/17/2018 - 20:39
REYKJAVIK, Iceland (AP) -- A whaling company in Iceland said Tuesday it is preparing its fleet to bring commercial hunting of fin whales back to the Nordic island nation after a two-year freeze....

Who needs branches? More small banks open accounts online

AMERICAN BANKER - Tue, 04/17/2018 - 20:29
Community banks are increasingly turning to account onboarding technology to help them solve a growing problem — how to win new customers without opening physical branches.

Iceland company to resume commercial hunting of fin whales

AP Business - Tue, 04/17/2018 - 20:23
REYKJAVIK, Iceland (AP) -- A whaling company in Iceland said Tuesday it is preparing its fleet to bring commercial hunting of fin whales back to the Nordic island nation after a two-year freeze....

Do multiple charters still make sense?

AMERICAN BANKER - Tue, 04/17/2018 - 19:59
A Virginia bank's decision to pursue a charter in North Carolina puzzles some observers, given the added complexity and costs.

Oil companies hedge bets on low-carbon future

FINANCIAL TIMES - Tue, 04/17/2018 - 19:56
How far and fast expansion into green power and infrastructure should go is fraught with risk
Categories: FINANCIAL NEWS

Nate Silver's FiveThirtyEight Is Moving to ABC News

WALL STREET JOURNAL - US. BUSINESS NEWS - Tue, 04/17/2018 - 19:51
Statistics guru Nate Silver is leaving ESPN, but he is staying under the Walt Disney Co. umbrella.

Toys 'R' Us Rules Out Billionaire Bratz Maker's Offer

WALL STREET JOURNAL - US. BUSINESS NEWS - Tue, 04/17/2018 - 19:42
Toys “R” Us’s lawyers and advisers have shot down an eleventh-hour offer from billionaire toy maker Isaac Larian that would have kept some of its U.S. stores open.

Jet with engine, window damage makes emergency landing

AP Business - Tue, 04/17/2018 - 19:42
PHILADELPHIA (AP) -- A Southwest Airlines jet made an emergency landing at Philadelphia's airport Tuesday with part of the covering from its left engine ripped off and a window damaged....

The Ultra-Cheap Phones Even iPhone Users Will Crave

WALL STREET JOURNAL - US. BUSINESS NEWS - Tue, 04/17/2018 - 19:36
Flip phones and candy bars are back, with low prices, great battery life and some modern conveniences. And they might just save you from your smartphone.

Tech groups agree cyber war ‘Geneva convention’

FINANCIAL TIMES - Tue, 04/17/2018 - 19:34
Industry pledge not to help governments mount attacks on ‘innocent citizens and enterprises’
Categories: FINANCIAL NEWS

Trump reversal on sanctions boosts Russia shares

FINANCIAL TIMES - Tue, 04/17/2018 - 19:01
US president argues for softer approach in contrast to advisers
Categories: FINANCIAL NEWS

Jet with engine, window damage makes emergency landing

AP Business - Tue, 04/17/2018 - 19:00
PHILADELPHIA (AP) -- A Southwest Airlines jet made an emergency landing at Philadelphia's airport Tuesday with part of the covering from its left engine ripped off and a window damaged....

Jet with engine, window damage makes emergency landing

AP Business - Tue, 04/17/2018 - 18:57
PHILADELPHIA (AP) -- A Southwest Airlines jet made an emergency landing at Philadelphia's airport Tuesday with part of the covering from its left engine ripped off and a window damaged....

FCC Takes Aim at Chinese Telecom Gear

WALL STREET JOURNAL - US. BUSINESS NEWS - Tue, 04/17/2018 - 18:54
U.S. regulators adopted a measure on Tuesday aimed at barring wireless carriers from using federal subsidies to buy telecommunications gear made by Chinese manufacturers.

IRS online payment site fails on tax day

AP Business - Tue, 04/17/2018 - 18:45
Just in time for tax day: the IRS website to make payments is down....

Rebellion in the American classroom

FINANCIAL TIMES - Tue, 04/17/2018 - 18:44
Crushing student debt, massacres and underfunded public education are causing fury
Categories: FINANCIAL NEWS

Iran deal at risk due to John Bolton’s extremism

FINANCIAL TIMES - Tue, 04/17/2018 - 18:38
EU efforts to preserve nuclear restraint agreement may not be enough
Categories: FINANCIAL NEWS

Comey taps in to huge demand for Trump books

FINANCIAL TIMES - Tue, 04/17/2018 - 18:33
Bestseller lists dominated by inside stories of dysfunction in White House
Categories: FINANCIAL NEWS

IRS online payment site fails on tax day

AP Business - Tue, 04/17/2018 - 18:27
Just in time for tax day: the IRS website to make payments is down....

Southwest Airlines plane makes emergency landing in Philly

AP Business - Tue, 04/17/2018 - 18:27
PHILADELPHIA (AP) -- A Southwest Airlines plane made an emergency landing at Philadelphia's airport with what appears to be a damaged engine on Tuesday....

Mobile-based lender raises $65M to expand in developing nations

AMERICAN BANKER - Tue, 04/17/2018 - 18:24
Tala plans to use the latest round of funding to develop new products for its customers in Kenya, Tanzania, the Philippines, India and Mexico.

Southwest Airlines plane makes emergency landing in Philly

AP Business - Tue, 04/17/2018 - 18:21
PHILADELPHIA (AP) -- A Southwest Airlines plane made an emergency landing at Philadelphia's airport with what appears to be a damaged engine on Tuesday....

Southwest Airlines plane makes emergency landing in Philly

AP Business - Tue, 04/17/2018 - 18:17
PHILADELPHIA (AP) -- A Southwest Airlines plane has made an emergency landing at Philadelphia's airport with what appears to be a damaged engine....

New tactic in lawsuit against PACE providers: Breach of contract

AMERICAN BANKER - Tue, 04/17/2018 - 18:14
A class action filed last week alleges that Renovate America and Renew Financial failed to provide consumer protections promised to L.A. County, that this constitutes elder abuse, and the county is complicit.

S Africa bans KPMG from auditing public institutions

FINANCIAL TIMES - Tue, 04/17/2018 - 18:12
Auditor-general points to ‘significant reputational risks’ associated with firm
Categories: FINANCIAL NEWS

Trump, Abe to meet despite strain over North Korea, tariffs

AP Business - Tue, 04/17/2018 - 18:00
WEST PALM BEACH, Fla. (AP) -- President Donald Trump is playing host to Japanese Prime Minister Shinzo Abe this week amid growing strain between the countries over the president's planned meeting with North Korean leader Kim Jong Un and the push for new tariffs....

After a good run of growth, China’s economy braces for bumps

THE ECONOMIST - Tue, 04/17/2018 - 17:49

JUST a few years ago Wuhan, a sprawling metropolis in the middle reaches of the Yangtze River, exemplified China’s economic woes. Municipal debt had soared. The most senior local official was known as “Mr Dig Up The City”, a reference to his zeal for grandiose construction projects. A movie theme park, intended as a landmark, closed after failing to draw crowds. It would take nearly a decade, it was estimated, to sell all of Wuhan’s vacant homes.

These days, the city of 11m stands as a monument to China’s resilience. Its economy has accelerated even as the government has controlled debt more strictly. Five subway lines were opened or extended in the past two years alone; they are jammed in rush hour. Investment is pouring into semiconductor production, biotech research and internet-security companies. The glut of unsold homes is almost cleared.

But today China’s economy, like Wuhan’s, looks in much better shape. Then, the country was reeling from a stockmarket crash,...Continue reading

US regulators float ideas for boosting medical device safety

AP Business - Tue, 04/17/2018 - 17:48
WASHINGTON (AP) -- U.S. health officials on Tuesday proposed steps to improve the government's system for overseeing medical devices, which has been criticized for years for failing to catch problems with risky implants and medical instruments....

China Central Bank Takes Pre-Emptive Move Against Ebbing Growth

WALL STREET JOURNAL - US. BUSINESS NEWS - Tue, 04/17/2018 - 17:47
China’s central bank gave a green light to banks to dig into reserves to lend more, signaling government worries about slowing momentum for economic growth amid rising trade tensions with the U.S.

IMF: A major trade rift could imperil solid global economy

AP Business - Tue, 04/17/2018 - 17:43
WASHINGTON (AP) -- The International Monetary Fund warned Tuesday that rising trade tensions between the United States and China risk undermining a global economy that the IMF believes should otherwise grow solidly this year....

The Latest: High court hears internet tax collection case

AP Business - Tue, 04/17/2018 - 17:43
WASHINGTON (AP) -- The Latest on arguments in a Supreme Court case about businesses' collection of sales tax on purchases made on the internet:...

US regulators float ideas for boosting medical device safety

AP Business - Tue, 04/17/2018 - 17:00
WASHINGTON (AP) -- U.S. health officials are considering new steps to improve the government's system for overseeing medical devices....

PacWest profit jumps 50% on improved credit quality, CRE growth

AMERICAN BANKER - Tue, 04/17/2018 - 16:39
The Los Angeles bank also benefited from a reduced reliance on costlier certificates of deposit.

The Comedian Who Bought the Weather Channel

WALL STREET JOURNAL - US. BUSINESS NEWS - Tue, 04/17/2018 - 16:35
Byron Allen got his start by writing jokes. He now runs Entertainment Studios, a media company with cable channels, TV shows, a film-distribution company and with its recent purchase of the Weather Channel, plans to expand.

The Business Case (and Plan) for Gender Equality

WALL STREET JOURNAL - US. BUSINESS NEWS - Tue, 04/17/2018 - 16:28
Whitney Wolfe Herd sounded an early alarm on Silicon Valley’s sexist culture in 2014 when she sued her former employer, the dating app Tinder, for discrimination and sexual harassment. Today she’s calling for concrete steps to improve gender inequities in the workplace.

Northern Trust adds to assets under management and custody, raising 1Q profit

AMERICAN BANKER - Tue, 04/17/2018 - 16:05
The Chicago custody bank also benefited from a recent acquisition of a UBS business in Europe and the lower federal income tax rate.

Pinnacle in Tenn. raises its profitability target

AMERICAN BANKER - Tue, 04/17/2018 - 16:05
The company, which completed a major acquisition last year, said tax reform will help it generate a higher return on average assets.

Signature hires two veteran bankers to lead West Coast expansion

AMERICAN BANKER - Tue, 04/17/2018 - 16:03
Joe Petitti and Jack Knight formerly held leadership posts at First Republic.

Europe to Follow U.S. Lead in Sharing Data to Fight Crime

WALL STREET JOURNAL - US. BUSINESS NEWS - Tue, 04/17/2018 - 16:03
The U.S. and the European Union are aligning rules to help crime-fighters access suspects’ emails, text messages, photos and other data, despite simmering trans-Atlantic tensions.

Warren gets scant help from Wall Street watchdogs on #MeToo push

AMERICAN BANKER - Tue, 04/17/2018 - 15:54
Sen. Elizabeth Warren is struggling to get data that shows how bad sexual harassment might be on Wall Street.

First US Bancshares to enter Virginia with latest acquisition

AMERICAN BANKER - Tue, 04/17/2018 - 15:50
The Alabama bank agreed to buy Peoples Bank for $23 million as part of a plan to target new Southeastern markets.

The Instant Message Generation Gap

WALL STREET JOURNAL - US. BUSINESS NEWS - Tue, 04/17/2018 - 15:47
Some older workers bristle as chat apps proliferate, adding new distractions on top of endless emails.

How Long Until China Cranks Up the Debt Engine?

WALL STREET JOURNAL - US. BUSINESS NEWS - Tue, 04/17/2018 - 15:40
The country’s first-quarter growth was strong, boosted by a seasonal industry rebound. But it masked some worrying signs.

Commercial lending rises 16% at Wintrust

AMERICAN BANKER - Tue, 04/17/2018 - 15:32
The Rosemont, Ill., bank rode loan growth, interest rate trends and noninterest-income gains to a double-digit increase in profits in the first quarter.

U.S., Israel Join Forces to Protect Astronauts From Radiation

WALL STREET JOURNAL - US. BUSINESS NEWS - Tue, 04/17/2018 - 15:20
U.S. and Israeli space officials have teamed up with a Tel Aviv-based technology startup to combat one of the gravest threats confronting future astronauts: excessive radiation exposure.

U.S. Industrial Production Rose 0.5% in March

WALL STREET JOURNAL - US. BUSINESS NEWS - Tue, 04/17/2018 - 15:19
U.S. industrial output rose in March, a sign of underlying strength in the economy as factories increased production of business equipment and autos.

Macron tells MEPs to defend Europe’s ‘unique identity’

FINANCIAL TIMES - Tue, 04/17/2018 - 15:19
French president seeks to defend democracy and reinforce plans to speed up EU reform
Categories: FINANCIAL NEWS

IMF: Outlook is bright for US and global economies this year

AP Business - Tue, 04/17/2018 - 15:18
WASHINGTON (AP) -- The International Monetary Fund has upgraded its economic outlook for the United States in 2018 and foresees a strong year for the global economy as well. But its chief economist warns that the prospect of an escalating trade conflict "threatens to undermine confidence and derail global growth prematurely."...

Cambridge Analytica ex-CEO refuses to testify in UK

AP Business - Tue, 04/17/2018 - 15:12
LONDON (AP) -- The chair of the British Parliament's media committee says that Cambridge Analytica's former CEO, Alexander Nix, says he will no longer testify at un upcoming session on fake news, citing an ongoing investigation by the information commissioner's office....

IMF warns global economic growth will slow by 2020

FINANCIAL TIMES - Tue, 04/17/2018 - 15:02
Conflict over trade seen to distract countries from reform agenda
Categories: FINANCIAL NEWS

Scrapping CFPB auto lending rule would only lead to more discrimination

AMERICAN BANKER - Tue, 04/17/2018 - 15:02
Lawmakers should not toss out an agency rule aimed at curbing auto dealer markups that adversely impact borrowers of color.

IMF Forecasts Global Growth of 3.9% This Year, Strongest Since 2011

WALL STREET JOURNAL - US. BUSINESS NEWS - Tue, 04/17/2018 - 15:00
The global economy is on course to grow 3.9% this year, the fastest pace since 2011, with every major economy poised to grow for the second year in a row, according to the International Monetary Fund’s latest forecast.

Marijuana-based drug gets positive review from US agency

AP Business - Tue, 04/17/2018 - 14:51
WASHINGTON (AP) -- U.S. health officials say a closely watched medicine made from the marijuana plant significantly reduces seizures in children with severe forms of epilepsy and warrants approval in the country....

Report: China's Silk Road plan serves Beijing security goals

AP Business - Tue, 04/17/2018 - 14:47
HONG KONG (AP) -- A new study says a massive Chinese infrastructure program that Beijing says is aimed at promoting global trade and economic growth is actually intended to expand the country's political influence and military presence....

AT&T, Time Warner CEOs to Take the Stand in Defense of Merger

WALL STREET JOURNAL - US. BUSINESS NEWS - Tue, 04/17/2018 - 14:45
AT&T CEO Randall Stephenson and Time Warner CEO Jeff Bewkes will take the witness stand this week to defend their proposed $85 billion merger, a key moment in a high-stakes court battle with U.S. antitrust enforcers.

UnitedHealth hikes 2018 forecast, books another big 1Q gain

AP Business - Tue, 04/17/2018 - 14:43
UnitedHealth chased a 35 percent profit hike in last year's first quarter with a 31 percent jump in the first three months of 2018 by adding customers and improving its growing operations outside insurance....

U.S. Housing Starts Rise on Apartment Building

WALL STREET JOURNAL - US. BUSINESS NEWS - Tue, 04/17/2018 - 14:40
U.S. housing starts rose in March, an increase that could signal firming conditions in the housing market as apartment building rose.

Huawei Looks to Existing Markets as Tech Becomes Target in U.S.-China Trade Spat

WALL STREET JOURNAL - US. BUSINESS NEWS - Tue, 04/17/2018 - 14:39
Huawei said it plans to refocus on existing markets, following a series of setbacks in the U.S. and as the technology industry gets caught up in the spiraling trade spat between Washington and Beijing.

For New Trump Drug Plan, a Cautionary Tale in Italy

WALL STREET JOURNAL - US. BUSINESS NEWS - Tue, 04/17/2018 - 14:37
The Trump administration has drafted an executive order that ties drug costs to performance as a way to lower health-care spending in the U.S. But a similar attempt by Italy for more than a decade hasn’t found much success.

Wider margin, cost cuts make up for weak loan growth at Comerica

AMERICAN BANKER - Tue, 04/17/2018 - 14:33
Profits soared at the Dallas bank as recent interest rate hikes and ongoing expense cuts outweighed weakness in the company’s loan book and in its fee income.

Johnson & Johnson Raises Sales Outlook

WALL STREET JOURNAL - US. BUSINESS NEWS - Tue, 04/17/2018 - 14:32
Johnson & Johnson reported higher-than-expected sales in its latest quarter and boosted its sales outlook for the year despite ongoing pricing pressures in the drug industry.

China takes carrot-and-stick approach to US trade

FINANCIAL TIMES - Tue, 04/17/2018 - 14:22
Beijing increases sorghum tariffs but eases curbs on foreign investment in car sector
Categories: FINANCIAL NEWS

Italian restaurant chain Bertucci's files for bankruptcy

AP Business - Tue, 04/17/2018 - 14:21
BOSTON (AP) -- Italian casual dining chain Bertucci's has filed for Chapter 11 bankruptcy protection and closed 15 restaurants....

Quarles wants bank input on stress tests; Banks lending again

AMERICAN BANKER - Tue, 04/17/2018 - 14:17
Fed vice chair wants to put stress test scenarios out for comment by banks; C&Is outstanding at record level in March.

China to Ease Rules on Foreign Auto Makers

WALL STREET JOURNAL - US. BUSINESS NEWS - Tue, 04/17/2018 - 14:10
China said it will phase out rules requiring foreign auto makers to share their factory ownership and profits with Chinese companies by 2022, answering U.S. calls for a level playing field in the world’s biggest auto market.

Banking veteran to become executive chairman of Colo. fintech firm

AMERICAN BANKER - Tue, 04/17/2018 - 14:02
Chris Marshall, a former CFO at Capital Bank Financial, will help Tax Guard recruit bank and nonbank clients. The firm uses technology to let lenders know if potential clients owe money to the IRS.

Goldman eclipses rivals as trading unit rebounds

FINANCIAL TIMES - Tue, 04/17/2018 - 14:00
Bank surpasses Q1 forecasts as returns on equity reach five-year high
Categories: FINANCIAL NEWS

Goldman Sachs profits up 27% as trading division rebounds

FINANCIAL TIMES - Tue, 04/17/2018 - 14:00
Bank beats Q1 forecasts as return on equity hits five-year high
Categories: FINANCIAL NEWS

China’s Huawei backtracks on 5G shift

FINANCIAL TIMES - Tue, 04/17/2018 - 13:56
Former cheerleader pours cold water on technology’s benefits for consumers and operators
Categories: FINANCIAL NEWS

China Targets American Farmers With Sorghum Surcharges

WALL STREET JOURNAL - US. BUSINESS NEWS - Tue, 04/17/2018 - 13:50
China’s Commerce Ministry said it would require importers to pay surcharges on U.S. sorghum shipments, following an investigation that initially found the grain was being dumped at prices that hurt domestic producers.

UnitedHealth 1Q earns jump 30 percent

AP Business - Tue, 04/17/2018 - 13:12
MINNETONKA, Minn. (AP) -- UnitedHealth Group is reporting first-quarter earnings of $2.84 billion, a jump of more than 30 percent from last year, with broad growth for the nation's largest health insurer....

UnitedHealth Increases Guidance for Year

WALL STREET JOURNAL - US. BUSINESS NEWS - Tue, 04/17/2018 - 12:50
UnitedHealth reported an almost 31% increase in earnings for its latest quarter and increased its earnings outlook for the year.

China to allow full foreign ownership in auto industry

AP Business - Tue, 04/17/2018 - 12:40
BEIJING (AP) -- China announced plans Tuesday to allow full foreign ownership of automakers in five years, ending restrictions that helped to fuel its escalating dispute with U.S. President Donald Trump and strained relations with other trading partners....

S Korea minister says summit should aim for treaty

FINANCIAL TIMES - Tue, 04/17/2018 - 11:30
Statement follows Seoul report that goal of meeting is to end military confrontation
Categories: FINANCIAL NEWS

IBM Earnings: What to Watch

WALL STREET JOURNAL - US. BUSINESS NEWS - Tue, 04/17/2018 - 11:30
International Business Machines is scheduled to announce first-quarter earnings after the market closes Tuesday. Here’s what to look for.

U.S., Britain Issue Warnings Over Chinese Telecom Equipment Maker ZTE

WALL STREET JOURNAL - US. BUSINESS NEWS - Tue, 04/17/2018 - 11:27
U.S. and British officials both issued warnings over giant Chinese telecommunications-equipment ZTE, signaling sharply escalating Western scrutiny of the sector.

China to allow full foreign ownership in auto industry

AP Business - Tue, 04/17/2018 - 11:03
BEIJING (AP) -- China announced plans Tuesday to allow full foreign ownership of automakers in five years, ending restrictions that helped to fuel its escalating dispute with U.S. President Donald Trump and strained relations with other trading partners....

China to allow full foreign ownership in auto industry

AP Business - Tue, 04/17/2018 - 10:29
BEIJING (AP) -- China has announced plans to allow full foreign ownership of automakers in five years, ending restrictions that have strained relations with Washington and other trading partners....

Chemical inspectors to be allowed into Douma

FINANCIAL TIMES - Tue, 04/17/2018 - 10:21
Russia says OPCW inspectors will visit the site of alleged Syria attack
Categories: FINANCIAL NEWS

China rules US sorghum was dumped, as trade tensions mount

AP Business - Tue, 04/17/2018 - 09:57
BEIJING (AP) -- China has ordered importers of U.S. sorghum to pay deposits for possible higher tariffs in an anti-dumping investigation, adding to mounting trade conflicts with Washington....

Billionaire banking heir Matthew Mellon dies at 54

AP Business - Tue, 04/17/2018 - 09:55
NEW YORK (AP) -- Billionaire banking heir Matthew Mellon has died. He was 54....

ABC makes unusual decision to release all of Comey talk

AP Business - Tue, 04/17/2018 - 09:35
NEW YORK (AP) -- Before airing George Stephanopoulos' interview with former FBI Director James Comey, ABC News made the unusual decision of releasing a full transcript of its nearly five-hour talk, including all the material that was not included in the broadcast....

Billionaire banking heir Matthew Mellon dies at 54

AP Business - Tue, 04/17/2018 - 08:17
NEW YORK (AP) -- Billionaire banking heir Matthew Mellon has died. He was 54....

Pages

MAGAZINE ADVERTISEMENT

Subscribe to THE POLITICAL AVENUE ™ aggregator - FINANCIAL NEWS

MAGAZINE ADVERTISEMENT