Category Archives: Business News

Ray Dalio, founder of the world’s largest hedge fund Bridgewater Associates LP, said he is increasingly concerned about the Trump administration’s “populist” policies that could hurt the world economy. The detrimental effects of these policies could be more powerful than the beneficial effects of Trump’s pro-business policies, Dalio and co-Chief Investment Officer Bob Prince said […]

By Henning Gloystein | SINGAPORE SINGAPORE Oil prices dipped on Tuesday as rising U.S. drilling activity offset efforts by OPEC and other producers to cut output in a move to prop up the market. Brent crude futures LCOc1, the international benchmark for oil prices, were trading at $55.16 per barrel at 0421 GMT, down 7 […]

By Aaron Sheldrick | TOKYO TOKYO Oil prices extended declines on Monday, dragged down by signs of growing output in the United States that could partly offset output cuts by OPEC and other producers. Uncertainty over the outlook for U.S policy also broadly weighed on financial markets after President Donald Trump introduced immigration curbs that […]

By Lucia Mutikani | WASHINGTON WASHINGTON U.S. economic growth slowed sharply in the fourth quarter as a plunge in shipments of soybeans weighed on exports, but steady consumer spending and rising business investment pointed to sustained strength in domestic demand. Gross domestic product increased at a 1.9 percent annual rate, the Commerce Department said on […]

By Jonathan Stempel and Jennifer Ablan | NEW YORK NEW YORK Bill Gates and Warren Buffett on Friday expressed optimism that the United States will move ahead as a nation, even as it works through political differences and gets used to the new Trump administration. The world’s two richest people were speaking to students at […]

By Devika Krishna Kumar and Catherine Ngai | NEW YORK NEW YORK Investors have rushed back into North American pipelines after U.S. President Donald Trump revived growth prospects in a sector that struggled to cope with a two-year oil price slump and strident opposition from environmental and Native American activists. Investor confidence in the industry […]

MEXICO CITY Seeking to quell a social media campaign imploring Mexicans to boycott U.S. companies, Starbucks defended itself on Friday, saying it had invested millions in the country, created more than 7,000 jobs, and that its local unit is Mexican-owned. The statement came after disparate social media campaigns directed at U.S. companies based in Mexico […]

By Christine Murray | MEXICO CITY MEXICO CITY Billionaire Carlos Slim said on Friday that Mexico should not fear Donald Trump, seeing opportunities for his country in the U.S. president’s economic policies, and praising Mexicans for uniting behind their government in talks with the northern neighbor. In a rare news conference, the telecommunications and construction […]

SEATTLE Boeing Co (BA.N) and its largest union said on Friday they had agreed on a February date for a union vote at Boeing’s jetliner factory in South Carolina, setting up what is likely to be a fresh battle between the union and the world’s biggest plane maker. International Association of Machinist and Aerospace Workers […]

By Lauren Hirsch and Liana B. Baker Snap Inc, the secretive technology company that owns the popular messaging service Snapchat, is due to reveal its financials within a week as it moves toward its eagerly awaited initial public offering (IPO), sources familiar with the situation said on Friday. The Venice, California-based company will publish the […]