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Frankfurt auto show touts green credentials amid climate protests

The Frankfurt Auto Show will champion sustainable driving and electric cars, Germany's auto industry association said on Monday, as it seeks to head off protests from climate activists.



5 years ago

Argentine peso, bonds whiplashed after capital controls imposed

Argentine bond prices fell to record lows on Monday and a jittery peso see-sawed between losses and gains after the country imposed capital controls on Sunday in a bid to stem a currency rout that is sharpening the risk of default.



5 years ago

Saudi Arabia names head of PIF as Aramco chairman

Saudi Arabia has named Yasir al-Rumayyan, head of the kingdom's sovereign wealth fund, known as the PIF, as chairman of Aramco, replacing Energy Minister Khalid al-Falih, as the state oil giant prepares to go public.



5 years ago

Stocks slip on tariffs, Argentina hit by capital controls

U.S. stock futures dove on Monday after Washington and Beijing placed new taxes on each other's goods, while Argentina imposed capital controls and cast a new spotlight on emerging-market risks.



5 years ago

Hyundai workers OK smaller bonuses, no strike as Japan dispute weighs

Hyundai Motor Co's unionized workers in South Korea voted on Monday to accept the lowest bonus offered in nearly two decades amid widespread restructuring in the auto industry and a damaging trade dispute with Japan.



5 years ago

World Bank tribunal lowers ConocoPhillips award for Venezuela expropriation: document

A World Bank arbitration panel lowered an initial $8.7 billion award to U.S. oil company ConocoPhillips as compensation for Venezuela's 2007 expropriation of its assets to $8.5 billion, according to a decision dated Aug. 29 posted online.



5 years ago

Argentina central bank to keep tight monetary policy despite currency policy changes

Argentina's central bank will maintain a tight monetary policy despite changes to recently implemented currency restrictions, central bank President Guido Sandleris said on Monday.



5 years ago

Argentines wait at banks to withdraw cash as currency controls kick in

In the early hours of Monday morning in Buenos Aires, before banks had opened their doors, winding lines of customers waited to withdraw savings after Argentina's government imposed capital controls restricting dollar purchases and transfers.



5 years ago

Walmart's Mexico unit springs into same-day delivery, taking on Amazon

Walmart Inc's Mexico unit has begun offering delivery within three hours for certain home and tech products ordered online, it said on Monday, taking another step to try to best e-commerce rival Amazon.com Inc at speedy shipping.



5 years ago

Stocks hurt by trade war, pound hit by no-deal Brexit fears

Global stocks were hit by U.S.-China trade frictions on Tuesday while the British pound flirted with 2 1/2-year lows as Prime Minister Boris Johnson indicated he could call an election to stymie lawmakers' efforts to avert a no-deal Brexit.



5 years ago

Papua New Guinea to investigate terms of UBS loan

Papua New Guinea will start preliminary hearings on Sept. 19 into the terms of a A$1.2 billion ($810.5 million) loan from Swiss bank UBS used for an ill-fated government investment in the gas sector, the inquiry's chairman said on Monday.



5 years ago

Asia stocks dented by trade war, Brexit showdown paralyzes pound

Global stocks faced headwinds on Tuesday, stymied by U.S.-China trade frictions while the British pound flirted with 2 1/2-year lows as Prime Minister Boris Johnson indicated he could call an election to block lawmakers' efforts to avert a no-deal Brexit.



5 years ago

Here's a list of recession signals that are flashing red

Here's a list of recession signals that are worrying investors the U.S. might be going into recession.

5 years ago

China, U.S. kick off new round of tariffs on each other's goods

China and the United States began imposing additional tariffs on each other's goods on Sunday, the latest escalation in a bruising trade war, despite signs that talks would resume some time this month.



5 years ago

China starts to impose additional tariffs on some U.S. goods

China on Sunday started to impose additional tariffs on some of the U.S. goods on a $75-billion target list, with effect from 0401 GMT.



5 years ago