Twitter Inc shares fell almost 7 percent on Monday after the company said it was investigating unusual traffic that might be from state-sponsored hackers and, in what appeared to be an unrelated issue, a security firm said hackers used the platform to try to steal user data.
Oil Oil prices dropped about 2% on Friday, weighed down by falling US stock markets, while weak economic data from China pointed to lower fuel demand in the world’s biggest oil importer.
Major European stock markets fell yesterday, with Wall Street’s main indices also touching multi-month lows, at the start of a busy week packed with central bank interest rate decisions.
Xi Jinping is expected to use a speech in Beijing to argue that the four-decade-old reform process which transformed China’s economy is continuing, at a time when increasing state control and confrontation with the US fuel scepticism.
Japan should ensure that spending measures to ease the pain on the economy from next year’s scheduled sales tax hike are temporary and well-communicated, a senior International Monetary Fund official said yesterday.
Trade frictions between China and the United States are already affecting business confidence and investment in Asia, a senior International Monetary Fund official said, warning that the fund could further cut its global growth forecasts in January.
Lebanon, whose fiscal metrics are among the weakest of all the sovereigns rated by Moody’s Investors Service, may not have seen the worst of it yet.
Talks between Egypt and Chinese builder CFLD for a $20bn development in the new administrative capital have fallen through over disagreements on how to share revenue from the project, Egyptian officials said.
Iran called on the European Union yesterday to press US authorities to allow delivery of Airbus passenger aircraft purchased by Tehran, Iran’s student news agency ISNA reported.
When central banks started cutting interest rates to near zero after the 2008 stock market crash, they saw it as an emergency measure and thought things would gradually get back to normal.
Central bank seen raising rates this week, slowing in 2019; Trump attacks complicate Fed efforts to chart new rate path
Malaysia turned up the heat on Goldman Sachs Group Inc, filing the first criminal charges against the US bank in relation to the 1MDB scandal.