Finance

by | January 28, 2020 | 10:54

The plant will close at the end of next month so renovations can begin. "Hamtramck will be GM's first dedicated all EV assembly plant". The venue will be the US automaker's first fully-dedicated electric vehicle plant, GM said in a statement.

by | January 28, 2020 | 05:24

Héroux-Devtek was selected to supply complete landing gear systems for the Boeing 777 and 777X in 2013, including the main and nose landing gear, and the nose landing gear drag strut. It is so big, Boeing has developed hinges on its wingtips. Although the plane is still awaiting approval from the Federal Aviation Administration and other aviation bodies worldwide, it already has orders from eight airlines, including British Airways , Cathay Pacific, Emirates, Lufthansa and Singapore ...

by | January 27, 2020 | 15:25

The government has also relaxed bidding norms to coax investors to buy the airline. The government said the substantial ownership and effective control of Air India would have to remain with an Indian entity after the sale, limiting the scope of any foreign bidder interested in the asset.

by | January 27, 2020 | 12:43

But a bank employee thought the checks were fraudulent and called the police on him, according to the Detroit Free Press . In a comment to Insider, Gordon said TCF Bank was "immediately suspicious" of the cheques Thomas had presented. Thomas wasn't arrested and no charges were filed, the NY Daily News reported . This article has been updated with a statement from TCF Bank .

by | January 26, 2020 | 22:11

Better-than-expected economic data has dampened speculation that the Bank of England will cut interest rates next week. Economists had been expecting the manufacturing PMI to come in at 48.9, a slight improvement on December's reading of 47.5.

by | January 26, 2020 | 19:26

The Commerce Department has yet to offer any official announcement related to the report. Some U.S. companies have kept selling to Huawei by using exemptions if the majority of work to create the products happens outside the U.S. According to a newly proposed draft rule, the U.S. is set to further clamp down on Huawei, by lowering the threshold of American content in products to be barred from being supplied to the Chinese telecom titan.

by | January 26, 2020 | 18:28

Those fears continue to hang over global markets as health authorities worldwide take measures to contain and monitor the coronavirus outbreak . In the fourth quarter, the company generated approximately $9.9 billion in cash from operations, paid dividends of $1.4 billion and used $3.5 billion to repurchase 63 million shares of stock.

by | January 26, 2020 | 18:20

The session low was $54.77 a barrel, lowest since November. The coronavirus outbreak has killed 17 people and infected almost 600. The potential for a pandemic has stirred memories of the Sudden Acute Respiratory Syndrome (SARS) outbreak in 2002-03, which also started in China and caused a slump in travel and impacted the U.S.

by | January 25, 2020 | 19:25

A new strain of coronavirus is spreading around the world after contaminating food at a market in the central Chinese city of Wuhan. The only confirmed cases are in Washington and IL. It can cause pneumonia, which has been deadly in some cases. The virus has spread to other parts of the world as well as Europe reported its first cases of coronavirus with two cases in France who had travelled to China testing positive on Friday.

by | January 25, 2020 | 18:26

The virus, which is new to science, has now spread to 10 countries outside of China , including France , the USA and Australia . Even if there are still many things unknown about 2019-nCoV, European countries have the necessary capacities to prevent and control an outbreak as soon as cases are detected.

by | January 25, 2020 | 14:53

European Central Bank president Christine Lagarde was more upbeat on Thursday about risks to the eurozone economy, and insisted climate change would be central to a rethink of the institution's goals and methods. The euro hovered around $1.1085, against the US dollar on Thursday after the ECB's announcement. Christian Sewing, chief executive of Deutsche Bank, told an audience at the World Economic Forum in Davos that the ECB had missed an opportunity to reclaim room for monetary policy ...

by | January 25, 2020 | 08:08

Health authorities in the city of Hechi in Guangxi province said Saturday that a 2-year-old girl from Wuhan had been diagnosed with the illness after arriving in the city. Hospitals in Wuhan grappled with a flood of patients and a lack of supplies. The country's most important celebration has been all-but cancelled for people in a dozen cities who have been ordered to hunker down.

by | January 25, 2020 | 07:42

Fears that the coronavirus could spread, dampening tourism and economic growth, has weighed on global markets this week, driving up demand for US government bonds and safe-play stocks. On Tuesday a USA citizen who had recently returned from China was diagnosed in the Seattle area, making the United States the sixth country to report a case, following China, Thailand, Japan, Taiwan and South Korea.

by | January 24, 2020 | 21:34

A lot of them are inside China, but several have been reported in Japan, South Korea, Thailand , Singapore, Vietnam, and the United States, he said . One case was confirmed Thursday in Hong Kong after one was earlier confirmed in Macao. Wuhan's special anti-virus command centre said the quarantine measures were meant to "effectively cut off the virus spread", according to state media.

by | January 24, 2020 | 19:40

She called her clashes with Trump "horrible" but added: "We can't care about those types of things". Lagarde disagreed. It was crucial to assess the risk that climate change poses to financial markets and the economy, she said, so it can be "anticipated, measured" and "hopefully mitigated".

by | January 24, 2020 | 16:23

The restaurant chain has dozens of locations in the region, including in the city of Wuhan, which is considered to be the epicenter of the virus. The facility in the central city of Wuhan is expected to be in use by February 3 to serve a rising number of patients infected by a coronavirus that has left at least 26 people dead and millions on lockdown in an effort to curb its spread.

by | January 24, 2020 | 16:05

Armed with a 80-seat majority in the House of Commons (lower house), the bill was able to beat all opposition and passed its final legislative stage in the House of Lords (upper house) Wednesday after peers gave it their approval. The official said any agreement to extend the transition period "presupposes an agreement on continued financial participation and contribution from the United Kingdom to the European Union".

by | January 24, 2020 | 12:26

On Jan. 18, Libya's state-owned National Oil Corporation (NOC) declared a state of force majeure in oil ports, accusing the east-based army of closing the ports. But the International Monetary Fund said a U.S. Total inventories for motor gasoline, on the other hand, were 4% higher versus the same period average for the past five years.

by | January 24, 2020 | 05:11

And take the other precautions that make sense at this time of year when respiratory illnesses are already rampant: Wash your hands well and often; don't touch your eyes, nose, or mouth when out in public; stay home when sick; and stay away from sick people.

by | January 23, 2020 | 21:53

On Wednesday morning, he spoke with CNBC host Joe Kernen, lauding his recent trade deals with China, Canada and Mexico, while warning that the European Union was next on his list. "We've had a tremendous deficit for many, many years", Trump added, putting the number at over $150 billion-an exaggerated figure according to The New York Times .

by | January 23, 2020 | 20:56

At present, the virus is transmitting from close human-to-human contact, similar to previous coronavirus outbreaks that led to SARS and MERS epidemic. Meanwhile on Wednesday, the federal NDP health critic Don Davies said while there are no confirmed cases in Canada , worldwide cases of the virus are troubling to Canadians and reinforce the need for on-going monitoring and preparedness.

by | January 23, 2020 | 17:49

Tesla is the first USA automaker to achieve a market value of over $100 billion. Musk tweeted he had "funding secured" to take Tesla private in August 2018, when its shares were trading in the mid-$330s, only to later give up under investor pressure and regulatory concerns.

by | January 23, 2020 | 15:36

She and her associates hold major stakes in at least 17 Portuguese companies. They are suspected of diverting more than US$1 billion from the national oil giant Sonangol and diamond company Endiama. Portugal's judicial police blocked the transaction. "Over the past years, the Banco de Portugal has closely tracked Eurobic's activities", it added, rejecting criticism that it had turned a blind eye to dos Santos's activities.

by | January 23, 2020 | 12:25

Wherever it is meant to be used, occupants are not expected to focus on the road ahead. The Origin will eventually will be put into service in a robotaxi platform that Cruise and GM are planning to launch in San Francisco and other cities across the U.S.

by | January 23, 2020 | 10:51

The agency has formed teams at its Geneva headquarters to study the virus, its spread and its symptoms and is sending a team to China to help gather information, according to David Heymann, an infectious disease researcher in the United Kingdom who advises the agency.