December 31, 2018
Brexit 2019: UK will choose between recession and relief
Britain has a stark economic choice to make next year: Recession or relief. The United Kingdom is set to leave the European Union on March 29. Crashing out of the bloc without an exit agreement would result in turmoil; striking a deal would minimize…
December 24, 2018
Trump savages Federal Reserve as stock plunge worsens
President Donald Trump has lashed out at America's central bank as a stock market whose gains he once took credit for continued a historic plunge. In a tweet, Mr Trump said the Federal Reserve was "the only problem" of the American economy. Mr…
November 21, 2018
U.S. crops rot as storage costs soar
U.S. farmers finishing their harvests are facing a big problem - where to put the mountain of grain they cannot sell to Chinese buyers. For Louisiana farmer Richard Fontenot and his neighbors, the solution was a costly one: Let the crops rot.…
November 13, 2018
Oil rises as OPEC, partners discuss supply cut
Oil rose on Wednesday, recouping some of the previous session’s slide, on the growing prospect of OPEC and allied producers cutting output at a meeting next month to prop up the market. Prices rallied toward $67 earlier in the session after…
October 26, 2018
Europe markets calm after Asia and US sink
European share markets have steadied after big falls in Asian stocks that followed a bruising trading session on Wall Street. Tokyo stocks slumped more than 3%, while losses pushed the US Dow Jones Industrial Average and the S&P 500 into…
September 27, 2018
Petrobras hit with $853m corruption fine
Petrobras, Brazil's state oil company, has agreed to pay more than $853m (£650m) to the US and Brazil, ending a long-running corruption investigation. The probe stemmed from a bribery scheme at the firm, which involved millions in payments that were…
September 7, 2018
Deutsche Bank’s top investor is selling out
One of Deutsche Bank's top investors is selling out at an awkward time for Germany's biggest lender. Chinese conglomerate HNA Group plans to offload its entire stake in the bank, according to a source with knowledge of the situation. The source said…
September 6, 2018
Bitcoin bloodbath — cryptocurrency plunges 20% in two days
Bitcoin investors are getting their digital butts kicked lately. Hard. Bitcoin prices have plunged more than 20% in the past two days. Ethereum, Litecoin, Ripple and other cryptocurrencies have suffered similarly large drops. The reason for the…
September 5, 2018
Nigeria slaps $2bn bill on phone giant MTN
Nigeria has asked mobile phone operator MTN to pay a $2bn tax bill, the company says. MTN challenged the figure, saying it related to activities over the past decade. It said it had settled the bill with a $700m payment. The tax demand is the latest…
September 4, 2018
Amazon’s market value tops $1tn
Amazon has briefly become the second US-listed firm to have a market value of more than $1 trillion (£779bn). Shares in the e-commerce giant rose nearly 2% to a high of $2,050.50 in morning trade before slipping back. Apple reached the same…