Category Archives: Business News

SEOUL (Reuters) – South Korean cryptocurrency exchange Coinrail said it was hacked over the weekend, prompting an extended sell-off of bitcoin to a 2-month low amid growing concerns about security at small- to mid-sized virtual currency exchanges. FILE PHOTO: A small toy figure is seen on representations of the Bitcoin virtual currency in this illustration […]

LA MALBAIE, Quebec (Reuters) – U.S. President Donald Trump on Saturday threw the G7’s efforts to show a united front into disarray after he became angry with Canadian Prime Minister Justin Trudeau, and said he might double down on import tariffs by hitting the sensitive auto industry. Trump’s bombshell announcement that he was backing out […]

NEW YORK (Reuters) – For years U.S. inflation has been the dog that did not bark, but rising prices and wages are now showing signs of squeezing profit margins across corporate America, leading investors to punish companies whose results are deteriorating. Traders work on the floor of the New York Stock Exchange (NYSE) in New […]

MEXICO CIITY (Reuters) – U.S. producers can sell pork legs and shoulders to Mexico via an import quota despite retaliatory measures taken this week against U.S. President Donald Trump’s tariffs on steel and aluminum, the Mexican government said on Thursday. FILE PHOTO: Piglets are pictured in a production module at the pig farm Granjas Carrol […]

PORTLAND, Ore./FRANKFURT (Reuters) – Daimler AG (DAIGn.DE) unveiled on Wednesday an all-electric big rig truck it promises to have in production in 2021, as the German automaker mounts a major challenge to European and American rivals, including new entrants like Tesla Inc (TSLA.O). President and CEO of Daimler Trucks North America Roger Nielsen unveils the […]

MEXICO CITY (Reuters) – Mexico’s economy minister said on Tuesday that he sees a better than 50 percent chance of reaching an agreement in principle on NAFTA this year despite escalating tensions between his country and the United States. FILE PHOTO: Mexico’s Economy Minister Ildefonso Guajardo speaks to the media during a news conference at […]

SYDNEY (Reuters) – The president of Emirates airline said the rare combination of higher oil and a stronger dollar, which usually move in opposite directions, represented a “double whammy” in terms of their impact on costs but that passenger demand remained strong. FILE PHOTO: Tim Clark, President of Emirates Airlines, delivers his speech during a […]

SYDNEY (Reuters) – Global airlines on Monday slashed their forecast for industry profits in 2018 on a spike in fuel costs, while warning higher interest rates and a host of geopolitical tensions would add to operating risks. The International Air Transport Association (IATA) logo is seen at the International Tourism Trade Fair ITB in Berlin, […]

BEIJING (Reuters) – U.S. Commerce Secretary Wilbur Ross said on Sunday he had been having frank, useful talks in China about exports, as Washington presses home its message to Beijing about structural economic changes amid a festering trade dispute. U.S. Commerce Secretary Wilbur Ross, second from left, and Chinese Vice Premier Liu He, fourth right, […]

WHISTLER, British Columbia (Reuters) – The United States’ closest allies attacked the Trump administration on Friday for imposing tariffs on steel and aluminum imports and mounted challenges with the world’s top trade body, fouling the mood at a G7 finance leaders meeting. U.S. Treasury Secretary Steven Mnuchin was the prime target of the criticism at […]