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Stories about Business

Aug 13 2018

Musk says talking to Saudi fund, others on Tesla buyout

The tycoon said he left a meeting with wealth fund officials on July 31 with no question that the deal could be closed - which is why he tweeted on August 7 that fund...

Aug 11 2018

Chinese soybean imports slump 8% in July as stocks build

This list included various pharmaceutical products but the possibility of a potential trade war in pharmaceutical appears unlikely for now. China says it will retaliate...

Aug 11 2018

Erdogan vows to defy United States ‘threats’ after currency crash

The United States slapped sanctions on two Turkish officials earlier this month over a detained American pastor who is being tried on espionage and terror-related charg...

Aug 10 2018

US finalises next China tariff list targeting $16 billion in imports

The next shoe to drop is 25% tariffs on $200 billion in goods that could come as soon as Sept 6 when a comment period ends. During the opening hour of trade, the Dow J...

Aug 08 2018

Tesla shares dip after Elon Musk proposes going private

The report came the day after Musk said he was considering taking Tesla private and that funding had been secured, but did not offer any specifics about the unprecede...

Aug 08 2018

Trump going ahead with taxes on $16B in Chinese imports

For instance, the major complaint is about the theft of United States intellectual property by Chinese firms. China's announcement came just a day after the U.S. The Ch...

Aug 07 2018

Facebook denies seeking users' bank data

That app now boasts 1.3 billion users and serves as the company's commerce center . The banks Facebook reportedly approached in the previous year include JPMorgan Chase...

Aug 07 2018

Elon Musk tweets he has funding to take Tesla private

He said is considering taking the company private at $420 a share and already has secured funding. They were initially driven higher after the Financial Times reported Sa...

Aug 03 2018

S&P 500, Nasdaq rise as Apple hits Dollars 1 trillion mark

Apple also forecast a strong fourth quarter, posting a revenue guidance of between $60 and $62 billion. "What a great day", said Kawasaki, referring to Jobs and his co...

Aug 03 2018

Tax Free Weekend recap

In April, Gov. Scott Walker used a partial veto to extend the period to five days. This year's sales tax holiday was established by the state operating budget, House ...

Aug 02 2018

Apple becomes the first company with a $1 trillion valuation

The iPhone maker's market capitalisation reached the figure in afternoon trading in NY as its shares rose above $207. A year ago its sales hit $229bn, with profits of...

Jul 28 2018

Zuckerberg loses more than $15 billion in record Facebook fall

Facebook founder and current centre of controversy, Mark Zuckerberg , seemed unfazed by the loss of users. His fortune tumbled in late trading Wednesday, as shares of...

Jul 26 2018

Trump, Juncker announce deal pulling back from US-EU trade war

Rob Larew with the National Farmers Union says the Trump administration's aid program is a good start, but said what farmers really need is an end to the trade war . D...

Jul 25 2018

Trump announces US$12B plan to shield farmers from trade war

Farmers said they would rather have Trump settle the trade disputes with China , Mexico, Canada and the European Union and get free trade flowing again. He wasn't th...

Jul 21 2018

As trade war steps up, WTO already dealing with hundreds of disputes

China's garment industry has been under pressure for some time, as the global supply chain has shifted to low-priced manufacturing bases in Southeast Asia. Before the 20...

Jul 19 2018

United Kingdom interest rate rise in doubt as inflation stays at 2.4%

Although the cost of gas and electricity prices increased and the price at the pump hit the highest level for almost four years, consumers benefited from the falling cost...

Jul 18 2018

May wins key Brexit vote despite ongoing rebellion

Pro-EU Labour MP Chuka Umunna hit out at Labour Brexiteers who opposed the customs union amendment, saying: "It's very disappointing and our communities will question why...

Jul 13 2018

The Disney-Comcast TV Drama Could Have More Twists Yet

Last Wednesday, Comcast returned serve on Fox with a £14.75-per-share bid for 60% of Sky, a transaction with an implied value of $34 billion. Sky's shares have risen ...

Jul 11 2018

Britain's Brexit minister steps down in blow to May

She also told her party that "to lead is to decide". "The direct consequences of that will be Prime Minister Corbyn". The Johnson resignation was unnecessary - even...

Jul 09 2018

Space X testing tiny submarine to help boys trapped in Thailand cave

In addition to treatment areas, the hospital will also provide reunion rooms for the young boys and their families. "There is no other day that we are more ready than t...