Business

Oil prices surge after attacks hammer Saudi output

HONG KONG, China (AFP) — Oil prices saw a record surge Monday after attacks on two Saudi facilities slashed output in the world’s top producer by half, fuelling fresh geopolitical fears as Donald Trump blamed Iran and raised the possibility …

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Oil prices gain as Saudi minister backs output cuts; global stocks mixed

NEW YORK, United States (AFP) — Global stock markets were mixed on Monday ahead of key US economic data and a European Central Bank meeting, while crude prices gained as the new Saudi oil minister signaled he would defend oil …

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Nissan board announces CEO Saikawa stepping down

  YOKOHAMA, JAPAN (AFP) — Nissan CEO Hiroto Saikawa will step down next week, the company’s board said Monday, amid accusations of financial irregularities as the carmaker reels from the arrest and ouster of former boss Carlos Ghosn. “After the …

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US opens probe of four automakers over California emissions pact

  NEW YORK (AFP) — The US Department of Justice has opened an antitrust probe of California’s agreement with four automakers on fuel efficiency standards that circumvented the Trump administration’s plans, automakers said Friday. The agreement announced in July increases …

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Gallup holds ninth annual business expo

By Ener Ocampo EBC Las Vegas Bureau GALLUP, NM (Eagle News): The 9th Annual Gallup Business Expo was held at the McKinley Courthouse Square in downtown Gallup, New Mexico, USA. According to Bill Lee, CEO of the Mckinley County Chamber …

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Asian markets mostly down as tariffs kick in

HONG KONG, China (AFP) — Most Asian markets fell on Monday as fresh Chinese and US tariffs on goods worth hundreds of billions of dollars kicked in, though Donald Trump reiterated that the two sides were still due to holds …

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Global stocks boosted by China-US talk hopes

NEW YORK, United States (AFP) — Stocks floated higher on Thursday, lifted by positive sentiment surrounding the US-China trade war, while the pound steadied after a Brexit-fueled slump. China’s Commerce Ministry hinted Beijing could break the cycle of tit-for-tat retaliation …

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European stock markets rebound on China-US talk hopes

LONDRES, UK (AFP) — Eurozone equity markets rebounded on Thursday, and London extended gains on positive sentiment surrounding US-China trade talks, while the pound steadied after a Brexit-fuelled slump. “European stock markets are higher… as there are positive noises coming …

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400 US police agencies partner with Amazon on smart doorbell

WASHINGTON, D.C. (AFP) — Amazon said Wednesday more than 400 US police departments had joined its “Ring Neighbors” network, a program aimed at curbing crime using video from the company’s smart doorbell that has raised civil liberties concerns. The program …

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Pound dives on increased no-deal Brexit prospect

NEW YORK, NY (AFP) — The pound fell against the dollar and euro on Wednesday as Britain’s government moved to extend the suspension of parliament, increasing the likelihood of a no-deal Brexit. Meanwhile, global stocks had a mixed day, with …

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Trade hope helps Asian markets bounce back from sell-off

HONG KONG, China (AFP) — Asian markets rose Tuesday, recovering from the previous day’s pounding, after Donald Trump said China-US trade talks would resume soon, though the president’s sharp changes in tone are keeping investors on edge. Regional equities tanked …

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Asian investors bide time ahead of much-anticipated Powell speech

HONG KONG, China (AFP) — Asian markets headed into the weekend on a cautious note Friday ahead of a key speech by Federal Reserve boss Jerome Powell, while the pound held the previous day’s rally fuelled by rekindled hopes for …

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