Trucks SUVs drive U.S. October new vehicle sales Trucks SUVs drive U.S. October new vehicle sales: Major automakers posted mixed U.S. new vehicle sales in October on Wednesday, though America’s love affair with high-margin pickup trucks and SUVs remained in full bloom as larger, pricier vehicles fared better than passenger […]
Current Business Updates USA
Foreign buyers inch back into Vancouver housing market Foreign buyers inch back into Vancouver housing market: Foreign nationals were behind 5 percent of home purchases in Metro Vancouver in September, up from about 0.9 percent in August 2016, the month the 15 percent levy was enacted in response to offshore […]
Asia shares hit 10-year high on strong economy oil gains Asia shares hit 10-year high on strong economy oil gains: MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.6 percent, led by 1.1 percent gains in South Korea while Japan’s Nikkei gained 1.4 percent. “Hopes of U.S. tax cuts, […]
Oil prices stable as OPEC-led supply cuts tighten market Oil prices stable as OPEC-led supply cuts tighten market: Brent crude futures, the international benchmark for oil prices, were at $60.78 per barrel at 0343 GMT. That was 12 cents below their last settlement, but still not far off the highest […]
Europe lift sends world stock gauge to record Europe lift sends world stock gauge to record: Bloomberg reported that the corporate tax rate may be reduced gradually, by 3 percentage points a year, to 20 percent. “Clearly tax policy is important to corporations,” said Randy Frederick, vice president of trading […]
As China home prices cool some property companies seek to reduce risks As China home prices cool some property companies seek to reduce risks: They are reducing balance sheet leverage, buying land through joint ventures with other property companies to reduce risk, or diversifying into other businesses. Their concern is […]
Dollar edges away from highs Spain crisis pressures euro Dollar edges away from highs Spain crisis pressures euro: The dollar index, which tracks the greenback against a basket of six major rivals, dipped 0.2 percent to 94.775 but remained not far from Friday’s three-month high of 95.150. The euro inched […]
Tesla cuts Model 3 part orders to Taiwan supplier Hota Tesla cuts Model 3 part orders to Taiwan supplier Hota: Luxury electric carmaker Tesla (TSLA.O) plans to slash by 40 percent its orders for parts for the new Model 3 mass-market sedan from Taiwanese auto component maker Hota Industrial Mfg. […]
Twitter says it could turn first-ever profit Twitter says it could turn first-ever profit: Shares of Twitter soared more than 18 percent to $20.31 in afternoon trading. The company also said user growth resumed in the third quarter after stalling in the prior three months. Twitter has never had a […]
Carlyle Group unveils new leadership as founders step back Carlyle Group unveils new leadership as founders step back: The move makes Carlyle the latest buyout firm to take steps toward a generational change, after peer KKR & Co LP (KKR.N) said in July it would promote Joseph Bae and Scott […]
