Finance

Hong Kong leader warns of harm to U.S. interests

Hong Kong leader warns of harm to U.S. interests Lam was able to deliver the annual address more than an hour later by video, but the hostile reception inside the Legislative Council marked a slap in the face for the embattled chief executive grappling with anti-government protests now in their fifth month. [Full Article...]

Trump considers the elimination of Chinese companies from United States stock exchanges

Trump considers the elimination of Chinese companies from United States stock exchanges A gauge of world equity markets had rebounded earlier, buoyed by optimism U.S. It was still heading towards its worst weekly performance since mid-August, though. Trump said on Wednesday a trade address China would possibly well perhaps perhaps well come sooner than folk whisper, and praised the Chinese purchases. [Full Article...]

Corporate tax cuts: Modi government's strike on bears

Corporate tax cuts: Modi government's strike on bears NDTV delivers reliable information across all platforms: TV, Internet and Mobile. On the flip side it will negatively impact the bond market as the revenue forgone due to the tax rate reduction will make it hard to stick to the gross fiscal deficit/gross domestic product budgeted target. [Full Article...]

US Secretary State Pompeo wants 'peaceful solution' to Iran tensions

US Secretary State Pompeo wants 'peaceful solution' to Iran tensions The US wants a peaceful solution to the crisis sparked by attacks on Saudi oil facilities , Secretary of State Mike Pompeo said Thursday, after Iran raised the prospect of " all-out war ". Pentagon spokesman Jonathan Hoffman said Thursday that the USA has a high level of confidence that officials will be able to accurately determine exactly who launched the attacks last weekend. [Full Article...]

Asian shares mixed following Fed's decision to cut rates

Asian shares mixed following Fed's decision to cut rates Kansas City Fed President Esther George and Boston Fed President Eric Rosengren called for no rate cut, and St Louis Fed President James Bullard wanted a bigger half-point rate cut. Powell said the Fed would be closely monitoring the level of reserves in the system. "They have been using boilerplate language "solid" in describing the labor market, but that's becoming harder to support and could ... [Full Article...]

Saudi Arabia says weapons prove Iran's guilt over oil attacks

Saudi Arabia says weapons prove Iran's guilt over oil attacks Iran-aligned Houthi rebels, who are involved in a war against a Saudi-led coalition in Yemen , claimed the attack, but US Secretary of State Mike Pompeo said afterwards that there was "no evidence the attacks came from Yemen". "Iran in its memo rejected involvement in offensives on the Saudi oil installations on Saturday, condemning US Secretary of State Mike Pompeo and other American off... [Full Article...]

UAW says GM should have made latest offer sooner

UAW says GM should have made latest offer sooner The letter from UAW Vice President Terry Dittes (DIT-ez) to GM's chief bargainer says the company waited to make the offer until two hours before the contract expired Friday night. A new battery plant could give some UAW workers at Lordstown the chance to remain with GM. "Business is good, so if you're the UAW, this is a good time to strike", Jominy said. [Full Article...]