Archive of 18 January 2019

US shutdown could stunt economic growth: NY Fed chief

NEW YORK: The shutdown of the US government -- now in its record 28th day -- is becoming a drag on economic growth, the president...

Trump to meet North Korean envoy Kim Yong Chol: White House

WASHINGTON: US President Donald Trump is meeting Friday with North Korean envoy Kim Yong Chol to discuss negotiations on the country's pledge to denuclearize, the...

Dutch PM says ‘no tweaks’ to Brexit plan

THE HAGUE: Dutch Prime Minister Mark Rutte warned British counterpart Theresa May on Friday that there could be "no tweaks" to the Brexit deal that...

South African rand weaker on less hawkish central bank stance

JOHANNESBURG: South Africa's rand was weaker on Friday, a day after the central bank adopted a less hawkish tone at its monetary policy meeting. At 1615...

Volkswagen mulls extending diesel incentives across Germany

BERLIN: German carmaker Volkswagen is examining whether to extend trade-in incentives to owners of older vehicles in all of Germany, extending the programme beyond the...

Canada inflation rate jumps in Dec but central bank seen on rate hold

TORONTO/OTTAWA: Canada's annual inflation rate climbed in December, matching the Bank of Canada's 2 percent target, but stable underlying price pressures were set to forestall...

Oil jumps 3pc on OPEC plan details, US-China trade hopes

NEW YORK: Oil prices rallied about 3 percent on Friday, boosted after OPEC detailed specifics on its production-cut activity to reduce world supply, and on...

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