India’s central bank on Friday cut its benchmark repurchase rate for the fifth consecutive time this year as it continues a concerted push to reinvigorate a stuttering economy. The Reserve Bank of India (RBI) lowered the repo rate by 25 basis points to 5.15% with five members of its Monetary Policy Committee voting in favor, […] Read more
Trade tariffs between the U.S. and Europe would precipitate a “snowball effect” and the world may soon enter “very precarious waters” if we don’t acknowledge the benefits that stem from international cooperation, the head of the UN agency for workers and employers told CNBC. Guy Ryder, director general of the International Labour Organization (ILO), said […] Read more
Sales of newly built homes in August hit the second highest level in over a decade. Those numbers were released just after a homebuilding analyst at Raymond James upgraded Toll Brothers, Lennar and KB Home to “outperform.” “We had been on the road with some builders, and they were displaying levels of confidence in current […] Read more
The Republican National Committee paid over $160,000 to a law firm that is defending former Trump campaign manager Corey Lewandowski. The payment was made a month before his testimony in front of the House Judiciary Committee. The RNC paid $166,390 to the office of Mintz Levin for “legal and compliance services,” according to the committee’s […] Read more
Ukrainian President Volodymyr Zelensky is under pressure over how he will resolve a long-running dispute regarding a nationalized bank and its former oligarch owner. How he proceeds could be a “deal-breaker” as to whether Ukraine’s international creditor, the International Monetary Fund (IMF), gives the country a further much-needed aid program, experts say. The dispute centers […] Read more
Oil prices soared after a coordinated attack hit the heart of Saudi Arabia’s oil industry on Saturday, forcing the kingdom to cut its oil output in half. Brent crude futures, the international benchmark, rose as much as 19.5% to $71.95 per barrel at the open, the biggest intraday jump on record. By 9:43 a.m. ET, […] Read more
If you’re tuning in to the next Democratic primary debate on Thursday, consider keeping your political views out of the office. Close to 40% of workers say they engage in political discussions at work, according to data from Monster.com. The job hunting website polled 1,650 people on the issue via email from Aug. 20 through […] Read more
Time is running out for European carmakers, which have waited until the last minute to try to meet ambitious EU emissions targets and face billions in fines if they fail to comply. Manufacturers from PSA Group to Volkswagen will use this week’s Frankfurt auto show to reveal the new models and strategies they hope can […] Read more
The U.S. trade deficit narrowed less than expected in July as the trade war between the United States and China drags on. The Bureau of Economic Analysis (BEA) said Wednesday the U.S. international trade deficit came in at $54 billion for July. Economists polled by Dow Jones expected the deficit to narrow to $53.48 billion. […] Read more
A judge in the U.S. state of Oklahoma ruled that Johnson & Johnson has to pay damages of $572 million (€515 million) to abate the opioid epidemic in the state. The lawsuit alleged that the company’s marketing practices helped to fuel the opioid crisis in the state. Oklahoma Judge Thad Balkman of Cleveland County District […] Read more
