(Reuters) – Wall Street slid 1 percent on Monday, weighed down by retailers and health stocks and after DoubleLine’s Jeffrey Gundlach said U.S. equities are in a long-term bear market and that the Federal Reserve should not raise rates this week. Gundlach, Chief Executive Officer of DoubleLine Capital and known on Wall Street as the […]
BEIJING (Reuters) – German luxury carmaker Mercedes-Benz on Monday said it would offer discounts on cars imported into China from the United States until March 31 after Beijing suspended additional tariffs on U.S.-made cars. Prices of four models were cut by between 36,000 yuan ($5,219.96) and 135,000 yuan, the Daimler AG-owned (DAIGn.DE) company said on […]
KUALA LUMPUR (Reuters) – Malaysia on Monday filed criminal charges against Goldman Sachs and two of the U.S. bank’s former employees in connection with an investigation into suspected corruption and money laundering at state fund 1MDB. Malaysia will seek jail terms as well as billions in fines from Goldman Sachs and four other individuals who […]
(Reuters) – U.S. stock index futures started the week cautiously on Monday, after skidding at the end of last week, as edgy investors waited for the Federal Reserve’s monetary policy guidance and its implications of slowing global growth. The Fed is expected to raise interest rates at the end of its two-day meeting on Wednesday, […]
The online fashion retailer’s unscheduled trading update added to fears of a Christmas catastrophe for UK shops as ASOS has been one of the most consistent performers in recent years. It is the latest big name to warn of the effects of weaker consumer confidence in the run-up to Brexit. but its statement also signalled […]
The maker of Kotex tampons has voluntarily recalled several lots of its product because of a defect that caused them to unravel upon removal, leaving pieces inside consumers’ bodies, the company said. The company, Kimberly-Clark, said in a statement that the defect has caused an unknown number of consumers to seek medical attention to remove […]
The increasingly lengthy commute isn’t just a traffic jam. It’s a captive audience for advertisers. The average one-way trip for commuters in the United States in 2017 was 26.9 minutes, according to the Census Bureau. That was up from 26.6 minutes in 2016 and added two and a half hours to the average time commuting […]
Emergency legislation is being drafted to ensure people living in Ireland who receive a British state pension are not impacted by the UK crashing out of the European Union. Senior civil servants are also drafting legislation which would ensure British-based pensioners who receive the Irish state pension do not lose out in a no-deal Brexit […]
One of the country’s largest developers, Cairn Homes, has been given the go-ahead to build more than 450 new homes on the outskirts of Dublin. Cairn has proposed a strategic housing development along Fortunestown Lane, near Citywest Business Park. The Luas Red Line runs alongside the 18-acre site, which remains vacant. The Irish and London-listed […]
Former Taoiseach Bertie Ahern has warned that Ireland “can’t give an inch” on measures to avoid a post-Brexit hard border in Ireland. Mr Ahern has said that Brexiteers in the UK have “copped on late” that they could be stuck with the so-called backstop to avoid a border with Northern Ireland “for a long-time”. A […]