Money

China Central Bank: No Digital Currency is Issued Yet

He further explained that the implementation of the new digital currency would provide what he called " controllable anonymity ". So, I guess we'll still have...


Tesla cites Brexit as Germany chosen over United Kingdom for European plant

A German vehicle industry source told AFP they were relaxed about Tesla's announcement, hoping the competitor's arrival would accelerate the country's electri...


Fed chairman says USA growth threatened by trade wars, global sluggishness

His comments tracked closely to those in his news conference last month after the Fed cut rates for the third time this year and signalled the central bank was ...


$75 Costco 'Anniversary' coupon on Facebook is a scam, company says

Costco shares legit deals on its website and doesn't accept any coupons that are not issued by Costco. Costco officials say this isn't the first time a fa...


NZ dollar, swaps jump as RBNZ unexpectedly keeps OCR at 1%

BNZ research head Stephen Toplis said it was now assuming the OCR was on hold for the foreseeable future, saying it had "effectively raised the hurdle" for any ...


United Kingdom inflation falls faster than expected in October

The ONS highlighted the price cap and said it had pushed down electricity and gas prices for 15 million British homes. These effects were partially offset by ...


Alibaba poised to launch record-breaking $15 billion HK share sale

Alibaba's share sale marks a triumph for Hong Kong stock exchange that lost many of China's brightest technology stars to United States rivals. Alibaba, which...


Aramco prospectus flags risks, gives few details on IPO size

Saudi Crown Prince Mohammed bin Salman has said that the company should be valued at $2 trillion, but bankers who have tried to value the company have suggest...


Largest milk processor in United States files for bankruptcy

Dean Foods owns a number of recognizable brands, including Dairy Pure. Dean Foods, America's biggest milk producer, filed for Chapter 11 bankruptcy protecti...


Tesla flaunts first China-built cars as start of sales nears

He noted that a battery plant was also being built on the Chinese site. "The Berlin location serves two unique goals", said Gene Munster, a managing partner...


India's industrial production contracts 4.3% in September

During April to September, the IIP growth remained nearly flat at 1.3 per cent compared with 5.2 per cent in same period last fiscal. Contraction in manufa...


Apple Card being investigated for alleged gender discrimination after viral tweet

On Twitter , Woz said that he received 10x more credit on the card than his wife. However, Goldman Sachs probably didn't do itself any favors when it released ...


Mobile's chief executive is in talks to become WeWork's new boss

The office-sharing startup is reportedly in talks with T-Mobile chief executive John Legere to take over its top job, just weeks after former CEO Adam Neuman...


Oil falls after Trump downplays optimistic China trade reports

On Thursday, trade optimism rose after China's Commerce Ministry said that Beijing had agreed with Washington to lift existing trade tariffs between the two c...


American Airlines plane slides off runway in Chicago

The airline said no injuries were reported and all 38 passengers and three crew members were transported to the terminal at O'Hare airport safely. Some 236 fl...


Chinese steelmaker Jingye in £70 million British Steel rescue deal

Jingye Group confirmed it has begun negotiations with the loss-making steel firm, which has been kept afloat by the United Kingdom government since it collapsed...


Uber CEO walks back comment on Saudi writer’s slaying

In March 2018 one of Uber's cars testing autonomous driving software struck and killed a 49-year-old woman in Tempe, Arizona, as she was crossing the road. "W...


United Kingdom economy avoids recession with 0.3% Q3 growth

Predictions by the Bank of England and National Institute of Economic and Social Research ahead of the publication forecast growth of 0.4% and 0.5% for the quar...


Trump's stand sparks doubts about imminent US-China trade deal

However, the reality is that any announced trade deal between the two sides in the current political environment will be short-lived, fractious, and volatile ...


Hong Kong protester shot and man set on fire as violence erupts

During the lunchtime break in Central, a downtown district that hosts blue-chip worldwide conglomerates and luxury retailers, police fired tear gas to disperse ...


Apple under fire over 'sexist' credit card limit

He said that didn't make up for the flawed algorithm used by Apple Card . Lenders have promoted the models because they're supposed to level the playing fiel...


Turkey begins deportation of IS militants, with many headed to EU

Turkey has criticised Western countries for refusing to repatriate their citizens who left to join the militant Islamic State group (IS) in Syria and Iraq, and ...


Chinese singles' day blows away Thanksgiving weekend

Singles' Day is the world's biggest shopping day - and Alibaba is posting massive sales. That's a new record for the company, which saw $30 billion in tota...


Alibaba sets eyes on $fifteen bn Hong Kong listing

In particular, the US and China have been engaged in an ongoing trade war that has rattled USA and Asia markets constantly. The listing process and bookbuil...


Alibaba Posts $13B in Sales Within First Hour of 2019 Singles’ Day

It's "11/11", also known as "Singles' Day" or "Double 11", a 24-hour shopping frenzy hosted by the Chinese e-commerce giant Alibaba . Akin to Black Friday ...


Statistics Canada says economy lost 1800 jobs in October

Canada's unemployment rate remained steady at 5.5 per cent. "The province created 15,300 jobs, more than any other province - the vast majority being full-tim...


Japanese Investors Likely To Snub Saudi Aramco's IPO

Still, the highly-anticipated sale of even just a sliver of the company is expected to make this the world's biggest initial public offering. Saudi Arabia wil...


WhatsApp launches 'Catalogs' for small Indian businesses

Retailers build their virtual storefront using the WhatsApp Business app , but you can browse them using the standard version of WhatsApp you already have in...


VW ID Space Vizzion concept previews electric wagon due in 2021

Like other ID. models, the Space Vizzion will be based on VW's Modular Electric Drive Matrix platform. Inside, passengers are bathed in light flooding throu...


Toyota and BYD will start a Chinese joint venture for electric cars

Toyota says the two companies have agreed to get the new firm up and running by the end of 2020, and to evenly split the capital needed. The two sides will o...