The Central Bank of Russia has moved further away from reliance on the US dollar and has axed its share in the country’s foreign reserves to a historic low, transferring about $100 billion into euro, Japanese yen and Chinese...
Following Bezos' announcement of his divorce from wife MacKenzie, Amazon has a message to the public (and its shareholders in particular): Personal issues aside, Bezos will remain "focused on and engaged in all aspects of the company".
Put another way: Please...
In only three months, Apple has lost $452 billion in market capitalization, including tens of billions on Thursday as the tech giant’s stock sank further.
Apple shares have fallen by 39.1 percent since Oct. 3, when the stock hit a...
There's a funny thing about buybacks: when stocks are rising (and are therefore more expensive), companies have zero doubts about repurchasing their own stock, especially if said purchase is funded with cheap debt. Of course, by repurchasing their stock,...
US stocks fell after the Federal Reserve announced the expected increase of its interest rates, despite warnings from President Donald Trump and concerns over a global market slowdown.
The fourth rate hike of 2018 lifted the target range for the...
German firms continue investing in the Russian economy despite facing barriers from economic sanctions, according to the chairman of the German-Russian Chamber of Commerce Matthias Schepp.
"German business extremely rarely invested in such volumes into Russia since the collapse...
China has said it will temporarily halt its additional 25 percent tariff on vehicles made in the United States. The relief will last for three months staring from January 1, as part of an agreed truce between Beijing and...
The Californian state watchdog has proposed a new tax on text messages sent and received by mobile phone users every day. The odd measure to raise new taxes has sparked ridicule and outrage in the state.
According to the California...
Market analyst and financial guru Peter Schiff says that the United States economy is headed for a disaster. In a recent interview, Schiff said that when the dollar goes away as a reserve currency, so will the American standard of...
Norway has officially opened the longest suspension bridge above the Arctic Circle. The 1.5 kilometer span was built in cooperation with a Chinese company.
Chinese workers, locals and officials took part in the opening ceremony of the new Norwegian super...
