WASHINGTON: US worker productivity increased at its fastest pace in more than four years in the first quarter, depressing labour costs and suggesting inflation could remain benign for a while. The report from the Labour Department on Thursday (May 2) came on the heels of data this week showing ......
LONDON: The Bank of England hinted on Thursday (May 2) at quicker-than-expected interest rate hikes, after raising its UK economic growth forecasts thanks to company stockpiling ahead of Brexit. The British central bank predicted that gross domestic product (GDP) would expand this year by 1.5 per ...
LONDON: Updates from the US Federal Reserve and the Bank of England left markets on the back foot on Thursday (May 2) as investors weighed their messages on the outlook for growth and monetary policy. A sharp drop in oil prices that followed data showing a surge in US supplies...
A U.S. senator plans to introduce legislation on Thursday to streamline regulation and permitting requirements for the development of mines for lithium, graphite and other electric-vehicle supply chain minerals, part of a plan to offset China's dominance in the space.
Foxconn chairman Terry Gou met at the White House with President Donald Trump to discuss the status of the company's planned investment in Wisconsin, the company said Thursday.
FRANKFURT: Sales of higher-margin sports utility vehicles and cost cuts helped Volkswagen shrug off a 1 billion euro legal charge to meet first-quarter operating profit forecasts on Thursday, sending its shares 4.7 percent higher. Earnings before interest and taxes (EBIT) fell to 3.9 billion euros ...
Turkey will be unable to diversify oil imports quickly after the United States ended waivers on purchases from Iran, the Turkish foreign minister said on Thursday, a day after a U.S.-imposed sanctions deadline.
A U.S. senator plans to introduce legislation on Thursday to streamline regulation and permitting requirements for the development of mines for lithium, graphite and other electric-vehicle supply chain minerals, part of a plan to offset China's dominance in the space.
RIBEIRÃO PRETO, Brazil: Dozens of technology startups have flocked this week to Agrishow, Latin America's largest farm show, offering services and equipment to help farmers improve productivity as the sector further embraces high tech. These small businesses, from Brazil and abroad, offer products ...
REUTERS: Tesla Inc launched issues of new shares and debt worth more than US$2 billion on Thursday, with Chief Executive Officer Elon Musk pitching in US$10 million as the electric carmaker gave in to Wall Street pressure to bolster its cash reserves. Analysts have been predicting for months that...
