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South African court impounded Tanzanian Airbus over unpaid compensation to farmer - lawyer

Sat, 08/24/2019 - 23:29
South Africa's High Court impounded an Airbus 220-300 aircraft leased by Tanzania's national flag carrier following an application by a retired farmer who was not paid compensation owed to him by the Tanzanian government, the farmer's lawyer said on Saturday.

Fed wields strong influence on global financial conditions: research

Sat, 08/24/2019 - 21:22
The Federal Reserve's influence on economic conditions beyond U.S. borders may be bigger than it thinks, according to research that will be presented at the central bank's conference on Saturday.

ECB's Weidmann sees no need for economic stimulus - newspaper

Sat, 08/24/2019 - 19:59
Germany's economy has weakened but it is too early for major economic stimulus from the government or the European Central Bank, Bundesbank President and ECB policymaker Jens Weidmann was quoted as saying on Saturday.

France's Macron says Europe looking at 'new tax cuts' to stimulate growth

Sat, 08/24/2019 - 19:51
French President Emmanuel Macron said on Saturday Europe will "probably" decide to launch new tax cuts to kick-start a flagging economy threatened by a tit-for-tat trade war between the United States and its global partners.

China warns U.S. to stop 'wrong' trade actions or face consequences

Sat, 08/24/2019 - 19:24
China said on Saturday it strongly opposes Washington's decision to levy additional tariffs on $550 billion worth of Chinese goods and warned the United States of consequences if it does not end its "wrong actions".

Head of Pakistan LNG replaced

Sat, 08/24/2019 - 19:23
Pakistan LNG (PLL) has replaced its top manager with immediate effect, appointing Shahid Yousaf as managing director and chief executive, the state-owned operator said on Saturday without giving a reason for the change.

Putin orders review of Russian coal mining tax

Sat, 08/24/2019 - 19:22
Russian President Vladimir Putin has asked the government to review a mineral extraction tax for the Russian coal industry by Oct. 31, instructions published by the Kremlin showed on Saturday.

Former finance minister Arun Jaitley dies aged 66

Sat, 08/24/2019 - 18:05
Arun Jaitley, the former finance minister and one of Prime Minister Narendra Modi’s closest associates, died in hospital on Saturday, nearly two weeks after he was admitted following breathing difficulties, officials said.

Trump says U.S. would tax French wine in response to digital tax

Sat, 08/24/2019 - 15:31
U.S. President Donald Trump on Friday reiterated criticism of a French proposal to levy a tax aimed at big U.S. technology companies and threatened again to retaliate by taxing French wine.

Lebanese government says committed to reforms after rating downgrade

Sat, 08/24/2019 - 15:30
The Lebanese government has vowed to make urgent progress on reforms to help overcome a worsening economic crisis that prompted Fitch Ratings to cut the country's credit rating on Friday.

Tanzania says South Africa impounds Airbus plane

Sat, 08/24/2019 - 14:47
South African authorities have impounded an Airbus 220-300 aircraft leased by Tanzania's national flag carrier, the Tanzanian government said.

California rare earths miner races to refine amid U.S.-China trade row

Sat, 08/24/2019 - 13:30
The owner of the only U.S. rare earths mine is going on a hiring spree as it looks to significantly boost production, part of a strategy to build out American refining capability after China raised tariffs on the minerals amid an escalating trade war.

Mexico posts record current account surplus as Trump China trade war bites

Sat, 08/24/2019 - 13:29
Mexico posted its largest current account surplus on record and the first in nine years, lifted by robust foreign trade with the United States as President Donald Trump waged a bitter tariff dispute with China, official data showed on Friday.

Trump says he wouldn't stop Fed Chair Powell if he offered to resign

Sat, 08/24/2019 - 09:49
U.S. President Donald Trump sharply criticized Federal Reserve Chairman Jerome Powell on Friday and said he wouldn't try to stop the chief U.S. central banker if he offered to resign.

Ghosts of 2002 'corralito' spur Argentines to shun banks, stash cash at home

Sat, 08/24/2019 - 08:57
It happened in 1989. It happened in 2002. Argentines who are old enough to remember do not want to go through it again.

Gold soars 2% after Powell speech, Trump tweets

Sat, 08/24/2019 - 08:57
Gold surged 2% on Friday as investors interpreted U.S. Federal Reserve Chair Jerome Powell's speech as leaning toward a dovish monetary policy stance and President Donald Trump's latest comments exacerbated trade tensions with China.

Trump administration considers boost to biofuel mandates to ease farmer anger: sources

Sat, 08/24/2019 - 08:55
The Trump administration is considering ramping up biofuel blending quotas in the coming years to assuage anger in the Farm Belt over its recent broad use of waivers for small refineries, but is not planning to rescind any of the exemptions it has granted so far, four sources familiar with the matter said.

App looks to get tips from coffee drinkers to Colombia growers

Sat, 08/24/2019 - 08:54
An app that sends money in the form of tips from appreciative caffeine devotees around the world to coffee growers in Colombia could help farmers battered by dismal prices earn more income, the initiative's founder said.

Citgo profits hit following split, CEO sees 2H improvement

Sat, 08/24/2019 - 08:49
The two new top executives at Citgo Petroleum disclosed this week that net income in the second quarter slid to less than half its level a year earlier, hit by a broad slump for the refining industry as well as complications from U.S. sanctions on Venezuela and Citgo's split with state-run oil company PDVSA.

Britain wants U.S. trade deal quickly, but terms have to be right - UK spokeswoman

Sat, 08/24/2019 - 08:47
Britain wants to agree a post-Brexit trade deal with the United States quickly, but the terms have to work for both sides, a British spokeswoman said on Friday ahead of a meeting between Prime Minister Boris Johnson and President Trump.

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