October 13, 2018

IMF members pledge to avoid using currencies as trade weapon

The International Monetary Fund said on Saturday its members pledged to refrain from competitive currency devaluations and step up dialogue on trade, as escalating trade frictions […]
October 13, 2018

BOJ’s Kuroda says Fed rate hikes good for global economy

Bank of Japan Governor Haruhiko Kuroda said on Saturday steady interest rate hikes by the Federal Reserve were “basically good” for the world economy, shrugging off […]
October 13, 2018

Bundesbank chief sees reducing chance that U.S.-China will escalate trade conflict

There is a diminishing chance for the escalation of the trade conflict between the world’s two biggest economies, China and the United States, the president of […]
October 13, 2018

China views yuan depreciation not in its interest: Mnuchin

U.S. Treasury Secretary Steven Mnuchin on Saturday said Chinese officials told him this week that a further depreciation of China’s yuan currency was not in the […]
October 13, 2018

New communication sector’s shine could soon wear off

The mash-up of old and new media may not be a winning combination for the new S&P communication services sector index as its highest fliers face […]
October 13, 2018

Crunch time for Italy, Brexit as leaders convene in Brussels

Brussels, the political heart of Europe, could prove the center of global market focus next week as Italy’s budget and Brexit talks overshadow economic data and […]
October 13, 2018

U.S. weapons makers rattled over Saudi Arabia deals

Major U.S. defense contractors have expressed concern to the Trump administration that lawmakers angered by the disappearance of a Saudi journalist in Turkey will block further […]
October 12, 2018

Wall St. rebounds with technology stocks leading the way

The U.S. benchmark S&P 500 stock index snapped a six-day losing streak on Friday as technology stocks recovered after a week of losses, with investors looking […]
October 12, 2018

Walmart acquires lingerie retailer Bare Necessities

Walmart Inc has acquired online lingerie retailer Bare Necessities for an undisclosed amount, the company said on Friday, as it works to boost its competitive standing […]
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