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Updated: 1 hour 8 min ago

Qatar fines First Abu Dhabi Bank $55 million in market manipulation probe

4 hours 33 min ago
A Qatari regulator said on Sunday it had fined First Abu Dhabi Bank 200 million Qatari riyals ($55 million) for obstructing an ongoing investigation into suspected market manipulation, a charge the bank later denied.

Trump regrets not raising tariffs on China higher, White House says

Sun, 08/25/2019 - 23:54
President Donald Trump wishes he had raised tariffs on Chinese goods even higher last week, the White House said on Sunday, even as Trump signaled he did not plan to follow through with a demand that U.S. firms find ways to close operations in China.

Trump, Abe agree on principles of trade deal at G7

Sun, 08/25/2019 - 23:04
President Donald Trump on Sunday said he and Japan's Prime Minister Shinzo Abe had agreed on the principles of a trade deal that would probably be signed next month in New York.

Trump, Abe say U.S. and Japan have agreed in principle on trade deal

Sun, 08/25/2019 - 23:04
The United States and Japan agreed in principle on Sunday to core elements of a trade deal that U.S. President Donald Trump and Prime Minister Shinzo Abe said they hoped to sign in New York next month.

Trump caught off guard as Iran's Zarif lands in G7 summit town

Sun, 08/25/2019 - 22:59
Iran's foreign minister flew into the French resort hosting a G7 summit on Sunday, an unexpected twist to a meeting already troubled by differences between U.S. President Donald Trump and Western allies over a raft of issues, including Iran.

Exclusive: Iran says it will not negotiate missile work, wants to export more oil

Sun, 08/25/2019 - 22:17
Iran wants to export a minimum of 700,000 barrels per day of its oil and ideally up to 1.5 million bpd if the West wants to negotiate with Tehran to save a 2015 nuclear deal, two Iranian officials and one diplomat told Reuters on Sunday.

Merkel's Bavarian allies call for German climate bond

Sun, 08/25/2019 - 22:15
Germany's Christian Social Union (CSU), the sister party of Chancellor Angela Merkel's Christian Democrats (CDU), are planning to launch a climate bond to help fund its efforts to reduce emission targets.

Kudlow does not expect China to retaliate against latest U.S. tariffs

Sun, 08/25/2019 - 20:27
White House economic adviser Larry Kudlow said on Sunday that he does not expect China to retaliate against additional tariffs on Chinese goods that U.S. President Donald Trump announced Friday.

Exclusive: Third Point builds stake in Ray-Ban maker EssilorLuxottica - sources

Sun, 08/25/2019 - 20:26
Third Point LLC, the U.S. hedge fund that has pushed for changes at companies ranging from Nestle SA to Campbell Soup Co, has amassed a stake in Ray-Ban maker EssilorLuxottica SA, people familiar with the matter said on Sunday.

German finance minister backs plans for wealth tax: Handelsblatt

Sun, 08/25/2019 - 20:09
German Finance Minister Olaf Scholz is backing plans for a wealth tax that his Social Democrats (SPD) want to introduce, the online edition of business daily Handelsblatt reported.

Zambia introduces maize price cap to keep it affordable

Sun, 08/25/2019 - 20:08
Zambia has introduced a cap on the price of maize to keep the staple food affordable, sparking protest from commercial farmers who accused the government of bringing back price controls.

CITES puts teeth into regulating trade in sharks

Sun, 08/25/2019 - 20:00
Countries at a meeting on the global wildlife trade agreed on Sunday to strengthen protections for 18 threatened species of sharks and rays, including those whose fins are prized for making Chinese soups.

Central bankers face political shocks, and hope to avoid the worst

Sun, 08/25/2019 - 19:12
Global central bank chiefs know their job is to keep the economy out of the ditch.

Trump dangles very big trade deal in front of Brexit Britain

Sun, 08/25/2019 - 18:33
British Prime Minister Boris Johnson on Sunday said he and President Donald Trump were "gung-ho" about a post-Brexit trade deal but cautioned the United States would be tough negotiators and that he would not rush talks.

No ready spark seen for lagging U.S. energy shares

Sun, 08/25/2019 - 17:23
There may be little relief on the horizon for investors in U.S. energy companies, whose shares moved from darlings to dismal performers during Wall Street's record bull run and now face a shaky global economy, doubts about fossil fuel investments and general market skepticism.

UBS, Deutsche held talks on investment banking alliance - WSJ

Sun, 08/25/2019 - 17:20
UBS Group AG and Deutsche Bank AG held talks about combining their businesses earlier this year, including discussions in mid-June about an investment banking alliance, the Wall Street Journal reported on Sunday.

U.S.-UK trade deal within a year of Brexit will be tight: UK PM Johnson

Sun, 08/25/2019 - 17:12
It will be tight to meet the United States' desire to do a post-Brexit trade deal with Britain within a year, British Prime Minister Boris Johnson said on Sunday.

China to fight back against U.S. tariff move: People's Daily

Sun, 08/25/2019 - 15:52
China will fight back against the latest U.S. step to increase tariffs on Chinese goods, the ruling Communist Party's People's Daily said on Sunday amid an escalating trade war between the world's two largest economies.

UK government planning fuel duty cut in emergency budget - Sunday Times

Sun, 08/25/2019 - 14:54
The British government is planning to cut fuel duty for the first time in eight years in a possible emergency October budget, the Sunday Times newspaper reported.

Britain's Cuadrilla says 'micro seismic event' occurred at fracking site near Blackpool

Sun, 08/25/2019 - 14:44
British shale gas company Cuadrilla Resources said a tremor measuring 2.1 ML on the Richter scale was recorded at the company's shale gas exploration site late on Saturday.