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Home2018October

Month: October 2018

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Business News

Australia’s NAB cuts 300 staff over wrongdoing

October 19, 2018 admin Comments Off on Australia’s NAB cuts 300 staff over wrongdoing

About 300 staff of National Australia Bank have been fired or left the company as a result of internal investigations into wrongdoing, Chief Executive Andrew Thorburn said on Friday, following public revelations of misconduct across the sector.

…read more […]

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Business News

China’s third quarter GDP growth slowest since 2009, misses expectations

October 19, 2018 admin Comments Off on China’s third quarter GDP growth slowest since 2009, misses expectations

China’s third quarter economic growth slowed to its weakest pace since the global financial crisis, and missed expectations, as a years-long campaign to tackle debt risks and the trade war with the United States began to bite.

…read more […]

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China September industrial output weakens; investment, retail sales beat expectations

October 19, 2018 admin Comments Off on China September industrial output weakens; investment, retail sales beat expectations

China’s industrial output grew 5.8 percent in September from a year earlier, missing expectations, while fixed-asset investment growth rose to 5.4 percent in the first nine months, above forecasts, data showed on Friday.

…read more […]

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China January-September property investment up 9.9 percent year-on-year

October 19, 2018 admin Comments Off on China January-September property investment up 9.9 percent year-on-year

Real estate investment in China rose 9.9 percent in the first three quarters of 2018 versus the same period a year earlier, official data showed on Friday.

…read more […]

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China third quarter GDP growth slows to 6.5 percent year-on-year, missing forecast

October 19, 2018 admin Comments Off on China third quarter GDP growth slows to 6.5 percent year-on-year, missing forecast

China’s economy grew at a slower than expected pace of 6.5 percent in the third quarter from a year earlier, marking the weakest rate since the global financial crisis, official data showed on Friday.

…read more […]

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Asia shares extend slump as global sentiment sours

October 19, 2018 admin Comments Off on Asia shares extend slump as global sentiment sours

Stocks in Asia fell on Friday as global sentiment soured on issues ranging from trade worries, Italy’s 2019 budget, higher U.S. interest rates and growth concerns in China that led to a slump in Chinese shares in the previous session.

…read more […]

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Business News

Australia’s NAB cuts 300 bankers over wrongdoing

October 19, 2018 admin Comments Off on Australia’s NAB cuts 300 bankers over wrongdoing

About 300 staff of National Australia Bank have been fired or left the company as a result of internal investigations into wrongdoing, Chief Executive Andrew Thorburn said on Friday, following public revelations of misconduct across the sector.

…read more […]

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Tesla launches new $45,000 Model 3

October 19, 2018 admin Comments Off on Tesla launches new $45,000 Model 3

Tesla Inc on Thursday introduced a new $45,000 version of its Model 3 sedan on its website, launching the car as U.S. tax breaks for Tesla cars are about to decrease.

…read more […]

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Exclusive: U.S. asks for WTO panel over metals tariff retaliation

October 19, 2018 admin Comments Off on Exclusive: U.S. asks for WTO panel over metals tariff retaliation

The United States is requesting that a World Trade Organization dispute resolution panel get involved in a clash over international retaliation over U.S. tariffs on steel and aluminum, according to a U.S. official familiar with the matter.

…read more […]

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UK should bring forward new petrol and diesel car ban to 2032: lawmakers

October 19, 2018 admin Comments Off on UK should bring forward new petrol and diesel car ban to 2032: lawmakers

Britain should bring forward a ban on the sale of new petrol and diesel cars and vans by eight years to 2032 to help the country reduce its greenhouse gas emissions, a parliamentary committee said on Friday.

…read more […]

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Exclusive: U.S. asks for WTO panel over metals tariffs retaliation

October 19, 2018 admin Comments Off on Exclusive: U.S. asks for WTO panel over metals tariffs retaliation

The United States is requesting that a World Trade Organization dispute resolution panel get involved in a clash over international retaliation over U.S. tariffs on steel and aluminum, according to a U.S. official familiar with the matter.

…read more […]

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China asks WTO to set up panel to discuss U.S. steel, aluminum measures

October 19, 2018 admin Comments Off on China asks WTO to set up panel to discuss U.S. steel, aluminum measures

China has filed a request with the World Trade Organisation to establish an expert group to determine the legality of tariffs imposed by the United States on imports of steel and aluminum, the Ministry of Commerce said late on Thursday.

…read more […]

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Tesla launches new Model 3 with mid-range battery: Electrek

October 19, 2018 admin Comments Off on Tesla launches new Model 3 with mid-range battery: Electrek

Tesla Inc is launching a new version of its Model 3 sedan with a “mid-range” battery priced at $45,000, automotive news website Electrek reported on Thursday.

…read more […]

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Mexico’s Walmex third-quarter profit driven by solid sales

October 19, 2018 admin Comments Off on Mexico’s Walmex third-quarter profit driven by solid sales

Mexico’s biggest retailer, Wal-Mart de Mexico , reported on Thursday a 7.9 percent rise in third-quarter revenue, capitalizing on sales traffic in Mexico that compensated for slow growth in Central America and a tough comparison base.

…read more […]

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Goldman Sachs joins growing band of businesses snubbing Saudi conference

October 18, 2018 admin Comments Off on Goldman Sachs joins growing band of businesses snubbing Saudi conference

Goldman Sachs Group Inc on Thursday joined the growing list of high-profile businesses snubbing a Saudi investment conference next week amid mounting pressure on Riyad over the disappearance of journalist Jamal Khashoggi.

…read more […]

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