Business & Finance News
Russia’s state communications watchdog said on Sunday it had asked Google to stop advertising “illegal mass events” on its YouTube video platform.
It has become a jarring and frequent contradiction. President Donald Trump blames the Federal Reserve for putting the U.S. economy at risk while data shows an economy in “reasonably good” shape, as the head of the central bank recently said.
A Tesla electric car caught fire after crashing into a tow truck on a Moscow motorway late on Saturday.
Volatility in China’s yuan since August is a normal market reaction to escalating trade frictions stoked by the United States and was caused, to some extent, by Washington’s decision to raise tariffs, a senior Chinese central bank official said.
A Brazilian appeals court judge ordered on Saturday the release of Eike Batista, the mining and oil magnate who was once Brazil’s richest man, revoking a temporary prison order that would expire on Monday.
Several of Mexico’s largest banks reported on Saturday that they were experiencing problems processing debit and credit card payments while some shops in the capital informed customers that they would only accept cash payments.
Pope Francis has approved new statutes for the Vatican Bank, making an external audit obligatory and introducing other changes to bolster reforms that have turned around the once scandal-ridden institution.
Peru on Friday suspended a recently issued construction permit for Southern Copper’s Tia Maria mine, a project that has triggered violent protests by nearby residents.
Power producer PG&E Corp said on Friday it is evaluating a proposal from hedge funds Knighthead Capital Management and Abrams Capital Management to provide equity capital commitments supporting a plan to reorganize the company.
Hopes for an early settlement of the yearlong U.S.-China trade war dimmed this week after the United States accused China of manipulating its currency, and U.S. President Donald Trump said he would not make a deal with Beijing for now.
U.S. President Donald Trump on Friday said he was not ready to make a deal with China and even called a September round of trade talks into question, reviving concerns on financial markets that the bilateral dispute is unlikely to end anytime soon.
The International Monetary Fund on Friday stood by its assessment that China’s yuan valuation was largely in line with economic fundamentals, but an IMF official said the fund was encouraging China to pursue a more flexible exchange rate with less intervention.
The U.S. Commerce Department is continuing to evaluate requests by U.S. companies to sell certain equipment to Chinese telecoms company Huawei Technologies Co Ltd, a White House official and Commerce Department spokesman said Friday.
White House trade adviser Peter Navarro said on Friday the United States was still planning to hold another round of trade talks with Chinese negotiators.
U.S. stocks fell on Friday following renewed jitters over the U.S.-China trade war, capping a week of trading that saw big swings and high volume.
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