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News
Benin bets on turning its cotton crop into clothes at home
55+ min ago (886+ words) The founder of DAF Collection said that the tag means her country is trying to take full advantage of the abundant raw material produced in Benin. For her, there is also the opportunity to support more women in her community…...
European Central Bank raises interest rates a quarter point to quell energy-fueled inflation
2+ day, 18+ hour ago (335+ words) The central bank for the 21 EU member countries that use the euro currency raised its benchmark rate by a quarter percentage point to 2.50% at a meeting held in Berlin, away from the bank’s Frankfurt headquarters. Bank President Christine Lagarde said…...
World shares retreat and oil prices trade above $100 a barrel
3+ day, 2+ hour ago (690+ words) The future for the S&P 500 rose 0.2% and that for the Dow Jones Industrial Average was up 0.4%. In Germany, the DAX fell 0.2% to 25,535.88. The CAC 40 in Paris edged 0.2% higher, while Britain's FTSE 100 lost 0.2% to 10,651.40. The price of Brent crude jumped…...
Brazil's Lula signs measures to cut fuel taxes and subsidize diesel ahead of election
3+ day, 13+ hour ago (310+ words) CTPost The cost of fuel is a particularly sensitive issue for voters, who will decide in October whether to grant Lula a fourth, nonconsecutive term, or elect Sen Flávio Bolsonaro, a son of former President Jair Bolsonaro Brent crude, the…...
Asian shares are mixed as Brent crude approaches $100 a barrel
4+ day, 7+ hour ago (408+ words) Japan's benchmark Nikkei 225 was nearly unchanged at 65,249.95, and South Korea's Kospi gained 1.2% to 7,041.10. In Hong Kong, the Hang Seng dipped 0.1% to 25,287.99. The Shanghai Composite gained 0.2% to 3,949.89. Australia's S&P/ASX 200 slipped 0.2% to 8,903.20. Taiwan's Taiex edged 0.2% higher and the Sensex in…...
China's exports pick up in August, jumping 25% on strong demand for autos and high tech goods
5+ day, 12+ hour ago (261+ words) CTPost The data came ahead of U.S President Donald Trumpâs planned meeting with Chinese leader Xi Jinping, set for late September, though Beijing has not yet confirmed the exact date for the visit Exports grew 23.9% year-on-year in July Imports…...
Asian shares and US futures are mixed, while oil prices creep higher
5+ day, 6+ hour ago (426+ words) Tokyo's Nikkei 225 gave up early gains, falling 0.3% to 66,170.34 after the government reported that the economy grew at a slightly faster annual pace in the April-June quarter than earlier reported, at 1.4%. Earlier, the Cabinet Office had estimated the annualized growth rate…...
Jaguar Land Rover will cut 4,000 jobs to reduce costs and compete with China
5+ day, 22+ hour ago (282+ words) Britain's biggest automaker said the job cuts will take place over the next two years as it targets 1.7 billion pounds ($2.3 billion) in savings to make it more competitive as the industry transitions to electrification. The job cuts and savings will…...
Uganda names its crude oil blend 'Pearl Sweet' ahead of commercial production
1+ week, 3+ day ago (382+ words) Officials announced the name at a remote oil infrastructure site, celebrating Uganda’s emergence as an oil producer. The name chosen for Uganda’s crude oil blend is a nod to Winston Churchill’s description of Uganda in the last century as “the…...
Oil prices edge lower, while Asian shares rise, tracking Wall Street gains
1+ week, 3+ day ago (414+ words) Renewed fighting between the U.S. and Iran pushed oil prices sharply higher earlier in the week. U.S. President Donald Trump said Wednesday he doesn’t expect the U.S. bombing campaign to last “much longer.” Brent crude, the international standard, fell 0.4% to $95.26 per barrel....