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Indexes mixed but Facebook keeps sinking

Indexes mixed but Facebook keeps sinking

U.S. stocks are mixed Tuesday as energy companies climb with oil prices and banks move up along with interest rates. Facebook is dropping again following reports the Federal Trade Commission will investigate its handling of user data and Oracle is plunging after releasing disappointing results...

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China aims to create over 13M jobs in 2018

China aims to create over 13M jobs in 2018

China targets to create over 13 million jobs in 2018, Chinese Premier Li Keqiang said on Tuesday. According to the country’s official Xinhua news agency, Li said the minimal target was 11 million, but the Chinese government will work hard to reach the aim. More than 66 million...

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German investor confidence plunges on trade war fears: survey

German investor confidence plunges on trade war fears: survey

Confidence among investors in Europe's largest economy Germany plunged in March, with a monthly barometer from the ZEW institute dropping to 5.1 points - its lowest level in 18 months. "Fear of a global trade conflict caused by the USA is causing the experts to look more cautiously into...

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US crude exports becoming bigger presence in global oil

US crude exports becoming bigger presence in global oil

NEW YORK (AFP) -  Boosted by surging output, the United States is becoming a significant exporter of crude oil, a shift that is remaking American infrastructure and altering the global petroleum market. Now pumping more than 10 million barrels per day, the US has become the second...

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US Fed to raise rates with trade tensions on horizon

US Fed to raise rates with trade tensions on horizon

WASHINGTON (AFP) -  The Federal Reserve this week will fire the opening salvo in a series of interest rate hikes this year, hoping to get out in front of an expected pickup in inflation. The first rate hike of the year is overwhelmingly predicted by futures markets, analysts and...

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EU starts retaliatory steps against U.S. tariffs

EU starts retaliatory steps against U.S. tariffs

The European Commission called for industry views Friday on a list of U.S. products it will subject to import tariffs, the first step toward measures to counter planned U.S. taxes on European steel and aluminum. The European Union wants to be exempted from U.S. duties of 25 percent on steel and...

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Pound recovers as world supports Britain in spy case

Pound recovers as world supports Britain in spy case

The British pound recovered Friday from weakness prompted by a Russian decision to expel British diplomats, as the world rallied in support for London in a crisis sparked by the poisoning of a double agent, analysts said. World stocks rose slightly at the end of a volatile week as fears...

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Trump negotiating with countries over tariffs: White House

Trump negotiating with countries over tariffs: White House

WASHINGTON (Reuters)- President Donald Trump is negotiating with a number of countries over the possibility of providing exemptions to new U.S. tariffs on steel and aluminum imports, the White House said Friday. "He's ... working with a number of individual countries and negotiating on...

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Iran's Zanganeh says OPEC unlikely to change output deal this year

Iran's Zanganeh says OPEC unlikely to change output deal this year

ANKARA (Reuters)- Iranian oil minister Bijan Zanganeh said OPEC was unlikely to change before the end of the year a deal among oil producers to reduce output, Iran's English language Press TV reported Thursday. "Russians can pull out of the deal as they have made no commitment to OPEC...

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Ford recalling 1.38 mln sedans over steering defect

Ford recalling 1.38 mln sedans over steering defect

NEW YORK (AFP)- Ford announced Wednesday a North American recall of 1.38 million Ford Fusion and Lincoln MKZ sedans to address loose steering wheel bolts that could lead to the steering wheel detaching. In the cars being recalled, the steering wheel "may not maintain torque, allowing...

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EU's trade chief questions rationale of Trump steel measures

EU's trade chief questions rationale of Trump steel measures

BRUSSELS (AP)- The European Union's trade chief questioned Wednesday U.S. President Donald Trump's rationale in proposing steel and aluminum import tariffs on a longstanding ally and said his move undermined trans-Atlantic ties ever more. Trade Commissioner Cecilia Malmstrom told the EU...

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Qatar Petroleum announces Abu Dhabi oil deal despite boycott

Qatar Petroleum announces Abu Dhabi oil deal despite boycott

DOHA (AFP)- State-owned Qatar Petroleum announced Tuesday it has signed a deal with Abu Dhabi to operate the shared Al-Bunduq offshore oil field, despite a bitter diplomatic rift. "We are delighted to sign this concession agreement, which will ensure the continued development and...

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Canada's Trudeau accuses China of 'dumping' steel on global markets

Canada's Trudeau accuses China of 'dumping' steel on global markets

OTTOWA, Canada (AFP)- Prime Minister Justin Trudeau Monday accused China of flooding global markets with cheap steel, adding that Canada has already taken steps to prevent "dumping" in this country. "We are very concerned about the actions taken by China and the dumping of steel and...

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Macron pledges $700 million euros for new solar projects

Macron pledges $700 million euros for new solar projects

NEW DELHI (AFP)- French President Emmanuel Macron Sunday pledged hundreds of millions of dollars for solar projects in developing countries, as world leaders met in India to promote greater investment in renewable energy. Macron, who in December warned that the global shift to a green...

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China minister says trade war with US would be 'disaster'

China minister says trade war with US would be 'disaster'

BEIJING (AP)- China said Sunday that it will not initiate a trade war with the United States, but vowed to defend its national interests in the face of growing American protectionism. "There are no winners in a trade war, and it would bring disaster to our two countries as well as the...

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Fuel crisis deepens suffering of people in northern Syria

Fuel crisis deepens suffering of people in northern Syria

(Zaman Al Wasl)- Residents of the northwestern Syria have been suffering high fuel prices following the closure of a supply route between the town of Azaz and Afrin as the Turkish forces backed by Free Syrian Army launch major attack to seize Afrin region at the border.   As...

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Turkish banking sector net profit up over 20 pct in Jan

Turkish banking sector net profit up over 20 pct in Jan

Turkish banking sector posted a 4.5 billion Turkish lira ($1.2 billion) net profit in January this year, according to the Banking Regulation and Supervision Agency (BDDK) on Friday. In January, the net profit of the sector recorded a 22.7 percent rise year-on-year, compared to 3.7...

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China accuses Trump of damaging global trade with tariffs

China accuses Trump of damaging global trade with tariffs

BEIJING (AP)- China's government says it "firmly opposes" U.S. President Donald Trump's tariff increase for imported steel and aluminum but has given no indication whether Beijing might impose its own measures in response. A Commerce Ministry statement on Friday accused Trump of...

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Iranian site severely damaged by Israeli airstrikes: satellite images      Deal reached to evacuate pro-regime Syria towns: activist group      Israel prepared for ‘any scenario’ in Gaza: Netanyahu      Nearly 270 undocumented migrants held across Turkey      Iran resumes air flights to Iraq’s Najaf      Assad forces take strategic hilltop in southwestern Syria      After reprieve, Britain's May faces Brexit battle in parliament on trade      Russian establishment chalks up Trump summit as a win for Putin