Finance

Hong Kong's CKI launches $9.8 billion bid for Australia's top gas transporter

CK Infrastructure Holdings already owns Australian assets including Australian Gas Networks, Duet Group, and a 51 per cent stake in SA Power Networks. The move ...


Australia Jobless Rate Eases To 5.4% In May

Unemployment rate decreased by 0.2 pts to 5.4%. Washington's economy added 8,500 jobs in May and the state's seasonally adjusted monthly unemployment rate for...


U.S. Oil Prices Rise as Stockpiles Fall

Trump wants OPEC to increase its oil production and curb prices. Oil prices fell on Wednesday, pulled down by rising supplies in the U.S. and the expect...


Rolls Royce to axe 4600 jobs in restructuring push

The job cuts will predominately affect middle-managers and back-office staff in the United Kingdom - where most of the company's corporate and support functions...


VW fined €1bn by German prosecutors over diesel scandal

German prosecutors levied the first fine against Volkswagen in the automaker's home country for cheating on diesel emissions . The 1 billion fine does, howev...


Trump puts 25% tariff on Chinese goods

In announcing the US tariffs , Trump said he was fulfilling a campaign pledge to crack down on what he contends are China's unfair trade practices and its ...


Facebook answers Congressional questions with 452-page answers

Facebook has defended its data partnerships, stressing it made it possible for its users to access social services more seamlessly on devices like smartphone...


Sheriff: 1 deputy killed, 1 critical in shooting

It's very possible the deputies were attacked with their own guns, Bailiff said. He said the investigation is now being handled by the police department in Kans...


Will Amazon's work to kill Seattle tax spook other cities?

She might have her work cut out for her. Sawant's May 12th march on Amazon attracted dozens of protesters, most Socialist Alternative supporters. Councilm...


Pimlico Plumbers' employment status appeal dismissed by Supreme Court

The Employment Appeal Tribunal held that, during the period that Mr Smith worked for Pimlico Plumbers, he was a worker. Plumber Gary Smith has won his case ...


Theranos Founder Holmes, Ex-President Charged With Fraud

Along with Holmes, Ramesh "Sunny" Balwani , former president of Theranos, is being charged by the DOJ as well. The indictment alleges that the pair used mark...


How the Trump-China Trade Fight Is Rippling Through Corporate America

The administration also is targeting an additional 284 Chinese products, which it says benefit from China's aggressive industrial policies, worth $16 billion ...


Hundreds stranded at Charlotte airport because of technical issue

American Airlines announced that their regional carrier, PSA Airlines, experienced a technical issue that cancelled flights last night and this morning. Opera...


McDonald's Will Ditch Plastic Straws Later This Year

Initially only a limited number of the chain's restaurants will have recycling facilities for the paper straws, but the company has committed to ensuring they c...


Kellogg's recalls Honey Smacks cereal after nationwide salmonella outbreak

In rare cases, Salmonella can get into the bloodstream and cause severe illness and sometimes deadly infections in young children, elderly people and others w...


Wetherspoon to stop selling Champagne in run up to Brexit

Company founder Tim Martin, who campaigned for Brexit , said it was part of a transition away from products made in the EU. Martin - a vocal eurosceptic - sa...


China vows to retaliate 'immediately' to United States tariffs

As soon as Friday, June 15, the administration plans to release a detailed list of 25 percent tariffs worth about $50 billion that will be placed on Chinese ...


Basic Economic Factors Are Foretelling an Oil Price Crash

If so, will that stabilize oil prices, or even lower them? "I can tell you there is no truth in that whatsoever", he added in an interview with CNNMoney Eme...


Ethereum spikes after the SEC declares it's not a security

The SEC classifying ether as "not a security" caused the cryptocurrency community to breathe a sigh of relief. He also pushed back on the idea that there can ...


Don Jr. Says if Dad is Running a ‘Cult,’ It’s Working

His biggest challenger, state Rep. Katie Arrington , has characterized Sanford as a disloyal Never-Trumper. McMaster , an early supporter of the president's...