China economic growth slows, partly on purpose

Although it's a 'painful process,' China's leaders seem willing to sacrifice rapid economic expansion for stable growth that creates jobs with higher salaries.   China's economy is slowing fast. And that may be a very good...

Asian shares rise to two-month highs

By Lisa Twaronite Asian shares got a bright start on Friday, catching some of Wall Street's shine after upbeat U.S. price and jobless claims data calmed some recent concerns about the strength of the U.S....

EU won’t sacrifice food safety for US trade deal: Germany

The EU won't sacrifice its high food safety standards for better US auto market access in a transatlantic trade deal being negotiated, a German minister said Friday. The comments by Agriculture Minister Christian Schmidt were...

Ghosn cedes Nissan CEO role, to focus on alliance with Renault, Mitsubishi

By Naomi Tajitsu and Chang-Ran Kim | TOKYO Nissan Motor Co (7201.T) said Carlos Ghosn will step aside as CEO after leading the firm for 16 years, allowing him to concentrate on deploying his cost-cutting expertise across its alliance with...

Egypt’s Reserves Hit Highest Level Since 2011 After IMF Deal

by Ahmed Feteha Egypt’s net foreign reserves rose to the highest level in more than five years in November, as the country started receiving money from the International Monetary Fund and global lenders. Reserves reached $23.1 billion,...

European Stocks Little Changed as BAT to Nordea Fall

European stocks were little changed amid speculation the European Central Bank will boost stimulus measures and as some earnings reports missed estimates. The Stoxx Europe 600 Index slipped 0.2 percent to 323.23 at 10:30 a.m....

Trade war puts new strains on America Inc’s factories in China

Samantha Vadas, Adam Jourdan, Anne Marie Roantree SHENZHEN, China/SHANGHAI (Reuters) - Larry Sloven arrived in southern China three decades ago, just as the region was taking off as the low-cost manufacturing center of the world....

Morgan Stanley Sees Apple As Major Threat To Tesla’s Dominance

By ZeroHedge  Just hours after Elon Musk took to Twitter to reveal to the world that Tim Cook wouldn't take his phone calls when he was looking for a bailout, Morgan Stanley has now come out and admitted that...

Can you dig it? Davos ‘Masters of the Universe’ bogged down under avalanche alert

Members of the World Economic Forum assembling in the quaint Alpine town of Davos for their annual talk found themselves deep in snow on Tuesday, causing delays and other inconveniences as the four-day meeting...

Lebanon’s leaders call for sacrifices, declare state of economic emergency

Corruption-plagued Lebanon suffers from one of the world’s highest debt ratios, high unemployment and little growth. by Georgi Azar -Source: Annahar BEIRUT: Lebanon's top officials declared a "state of economic emergency" Monday, calling for "sacrifices" to...

Toyota relinquishes top global sales spot to VW in 2016

Toyota Motor Corp's (7203.T) four-year run as the world's top-selling automaker has ended as the Japanese company said on Monday its global sales for 2016 fell short of Volkswagen AG's (VOWG_p.DE). Toyota said global sales across its...

Chinese markets resume downward trend

Chinese shares on Monday resumed their downward trend as the yuan weakened further. The mainland benchmark, Shanghai Composite, lost 3.9% to 2,659 points, dashing hopes that Friday's brief recovery could be sustained. The index was down...

Russia Is Winning The Battle For Venezuela’s Oil

By Matthew Smith In just over a year Venezuela, and the push to oust socialist leader President Nicolas Maduro, has gone from being one of the world’s hottest news headlines to obscurity. The popularity of Venezuelan...

Total turnover up 5.2% in March in Turkish economy

The Turkish economy posted an annual rise in total turnover in March, the country's statistical authority announced on May 14. "Total turnover index including industry, construction, trade, and services sectors increased by 5.2% on annual basis in March 2020,"...

Russian stock market, ruble likely to rally further as Ukraine tensions ease

  The Russian stock market and the ruble have big chances to strengthen further supported by the positive external background and easing of the tensions in Ukraine.Trades were happy to hear that Russian President Vladimir...

Facebook Profit Story Pushes Shares to New High

Facebook shares on Wednesday soared to a new high on word that the social network's quarterly profit and user numbers jumped as it thrives in a world gone mobile. Net income leaped to $791 million...

Asia Stocks Advance on Outlook for Federal Stumulus

Asian stocks rose, with the regional benchmark index extending its advance from a five-month high, amid speculation the Federal Reserve will delay stimulus cuts. Canon Inc., the world’s biggest camera maker, gained 1.1 percent as...

Deal with IMF unnecessary, fundamentals of economy strong, says Finance Minister Albayrak

Turkish Treasury and Finance Minister Berat Albayrak has joined other senior government officials in denying speculations that Turkey is seeking support from the International Monetary Fund (IMF), stressing that the fundamentals of the Turkish economy are strong. “Back in August-September, when the economy encountered...

Fed’s Williams says mid-year rate rise may be appropriat

SYDNEY (Reuters) - Federal Reserve policymakers should wait no more than a few months before considering raising U.S. interest rates from their current near-zero level, a top Fed official said on Tuesday. "I think that...

Monex chief sees cryptocurrency future for finance industry

by Kazuaki Nagata-Staff Writer In 1999 former Goldman Sachs investment banker Oki Matsumoto launched an online brokerage with some clear goals in mind: to create an ideal future for personal finance and to encourage Japanese...