Chinese Stocks Sink 8% in Worst Rout Since 2015 Bubble Burst
China’s market open was everything investors feared and more. A gauge of the nation’s stocks plunged almost 8%, commodity futures…
Category: Business
OPEC May Move Up Meeting As Coronavirus Continues To Batter Oil Prices
OPEC is considering moving up its March meeting as the effects of the deadly coronavirus continues to exert strong downward…
Ikea shuts down all mainland China stores over coronavirus
Ikea is shutting down all of its stores across China as the deadly Wuhan coronavirus outbreak escalates. The furniture store…
U.S. budget deficit to top $1 trillion in 2020 despite strong economy, CBO says
The U.S. economy will grow at a “solid” rate of 2.2% this year, the non-partisan Congressional Budget Office forecast on…
China Unveils Plan to Reduce Single-Use Plastic by 2025
China’s top economic planner said it would cut the production and use of plastic over the next five years, helping…
Maduro bids to revive Venezuela’s ‘petro’ cryptocurrency
President Nicolas Maduro on Tuesday decreed that airlines flying from Caracas must pay for fuel in Venezuela's ailing "petro" cryptocurrency,…
China invests $600 million into Mexico’s Dos Bocas refinery
Plans to build a new $8 billion refinery in Mexico got a boost from the Chinese government. During a Monday…
Russia Halts Oil Supplies to Belarus Amid Economic Talks
Russia has halted oil supplies to Belarus after the two countries failed to renegotiate a contract amid talks on further…
OPEC+ Cuts Can’t Last Forever, Russia’s Energy Minister Says
OPEC+ output cuts have stabilized the global oil market but can’t last forever, Russia said as uncertainty persists over the…
Burning Man organizers sue over millions in US permit fees
Burning Man organizers sued the U.S. Bureau of Land Management to recover millions of dollars they say the government has…