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OPEC Seeks Crude Quota Compliance

OPEC countries were to meet again here Friday after they failed to agree on output cuts that could stem price pressure from abundant reserves and weak global economic growth.

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Austerity -- the Backdrop to Britain's 'Brexit Election'

As record numbers of Britons are forced to use food banks and homelessness soars, for many people rampant poverty, not Brexit, is the main issue in next week's general election.

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Report: U.S. Trade Deficit Falls in October to Lowest since May 2018

America's trade deficit in October unexpectedly fell to its lowest level in more than a year as Americans imported billions less in autos and consumer goods like toys and mobile phones, according to government data released Thursday.

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China Says in 'Close Communication' with US over Trade Deal

Beijing and Washington are "maintaining close communication" over a much-anticipated phase one trade deal, China's commerce ministry said Thursday, reiterating that tariffs must be reduced as part of any agreement.

Hopes had risen that the two sides were close to reaching a mini deal, but comments from President Trump and recent US legislation backing Hong Kong pro-democracy protests and China's Uighur minority had appeared to throw the talks off track. 

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Japan Unveils $120 Billion Stimulus Package

Japanese Prime Minister Shinzo Abe unveiled $120 billion in stimulus measures on Thursday, to help the world's third largest economy overcome the aftermath of the nation's recent natural disasters.

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U.S. Urges Countries to Suspend Digital Taxes, Supports OECD Talks

U.S. Treasury Secretary Steven Mnuchin is urging countries like France to suspend taxes on global computing giants such as Google and Amazon and wait for a negotiated agreement on international taxation, according to a letter released Wednesday.

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China to Target Quarter of Vehicle Sales to be Electric by 2025

China should adopt a plan that will see electric vehicles make up a quarter of all autos sold in the country in six years' time, the industry ministry said Tuesday, as the sector struggles with falling sales.

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Bids for 'Oversubscribed' Saudi Aramco IPO to Conclude

Saudi Aramco is set to conclude Wednesday the bidding period for what is expected to be the world's biggest share sale, with the energy giant pinning its hopes on regional sovereign investors.

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EU to Respond 'as One' to U.S. Tariff Threat to France

The European Union will answer tariff threats by the United States against France "as one" and urged Washington to engage in dialogue, an EU spokesman said on Tuesday.

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U.S. Trade War Targets: The List Lengthens

Donald Trump's high-profile trade war with China may be the biggest threat to the world economy among current trade disputes waged or threatened by the U.S. President, but the list of Washington's targets is lengthening.

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