Business

Boeing’s crisis weighs on Dow but most US stocks advance

NEW YORK, United States (AFP) — Wall Street swung to a split finish on Tuesday, with the crisis facing US aviation giant Boeing dragging down the benchmark Dow Jones Industrial Average while other indices inched higher. Investors were comforted by …

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Pound volatile at start of hectic Brexit week

NEW YORK, United States (AFP) — The British pound see-sawed Monday as traders jockeyed for position on the eve of another critical parliamentary vote for Prime Minister Theresa May. Meanwhile, in New York, US stocks snapped a five-day losing streak, …

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Trump: China trade talks going ‘pretty well’

WASHINGTON, United States (AFP) — US President Donald Trump said Thursday negotiations to resolve his eight-month trade war with China were making progress, expressing fresh optimism about resolving the confrontation between the world’s largest economies. Trump told reporters at the …

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US stocks fall amid weakening global growth outlook

NEW YORK, United States (AFP) — Wall Street stocks fell Wednesday, continuing its run of recent weakness amid a dimming global economic outlook. The Dow Jones Industrial Average dropped 0.5 percent to finish the session at 25,673.46. The broad-based S&P …

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Global stocks mixed as Brexit talks resume

NEW YORK, United States (AFP) — Global stocks were mixed Tuesday as markets awaited details on US-China trade negotiations and Brexit talks resumed between the EU and Britain. Wall Street finished a choppy session marginally lower after European bourses had …

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Tesla sets March 14 ‘Model Y’ unveiling

WASHINGTON, United States (AFP) — Tesla is planning to unveil a new electric “crossover” vehicle March 14 which is slightly bigger and more expensive than its most affordable model, according to chief executive Elon Musk. Musk tweeted on Sunday that …

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US and China close to reaching major trade deal: report

NEW YORK, United States (AFP) — The United States and China are close to reaching a major trade deal that would see both sides lower some of the tariffs imposed during an often-bitter trade war, a report said Sunday. Negotiators …

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Asian markets rise as broadly positive week draws to a close

HONG KONG, China (AFP) — Markets rose in Asia on Friday though investors remain cautious as they await developments after the failure of the Trump-Kim summit while also keeping an eye on the stand-off between India and Pakistan. A better-than-expected …

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Tesla’s ‘mass market’ $35k electric car ready to order, online

by Glenn CHAPMAN Agence France Presse SAN FRANCISCO, United States (AFP) — Tesla said Thursday its Model 3 — heralded as an electric car for the masses — is available for order online only, at a price of $35,000 with …

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Global stocks mostly fall amid trade, geopolitical concerns

NEW YORK, United States (AFP) — Global stocks mostly fell Wednesday amid uncertainty over trade and an escalating Indian-Pakistan conflict as the British pound rallied for a second session. An Asian market rally ran out of steam after Pakistan said …

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Global stocks mixed as US-China trade talks resume

NEW YORK, United States (AFP) — Global stocks were mixed Thursday following lackluster economic data as high-stakes trade talks between the US and China resumed in Washington. Frankfurt was a touch higher at the close and Paris ended flat, while …

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Dubai budget airline flydubai loses $43.5-million in 2018

DUBAI, United States (AFP) — Dubai budget carrier flydubai chalked up a loss of $43.5 million in 2018, it said Wednesday, as airlines across the Gulf struggle with mounting costs and political tensions. The government-owned carrier, a sister of aviation …

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