Coeco

Stocks Drop 4 Percent in Rocky Week on Trade, Growth Worries

Wall Street capped a turbulent week of trading Friday with the biggest weekly loss since March as traders fret over rising trade tensions between Washington and Beijing and signals of …

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Major Oil-producing Countries Agree to Cut Output

Oil prices climbed sharply Friday after OPEC and other producers led by Russia agreed to cut output to reduce global inventories of crude oil. OPEC countries and the Russian-led coalition …

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US Locks in Duties on Chinese Aluminum Sheet Imports

 The U.S. International Trade Commission said on Friday it made a final determination that American producers were being harmed by imports of common alloy aluminum sheet products from China, a …

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Technology Companies Lead Slide in US Markets; Oil Rising

U.S. stocks fell sharply Friday, erasing an early gain, as the market closed in on its third weekly decline in four weeks. Losses in technology and health care stocks outweighed …

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US Hiring Slowed to 155K Jobs, Jobless Rate Unchanged

U.S. employers added just 155,000 jobs in November, a slowdown from recent months but enough to suggest that the economy is expanding at a solid pace despite sharp gyrations in …

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Nissan to Recall 150,000 Cars Due to Dubious Inspections

Nissan announced plans Friday to recall about 150,000 vehicles sold in Japan due to improper inspections.  “Nissan has recently found several non-conformities that may have caused inaccurate pass/fail judgements during …

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US Stocks Rebound From Early Plunge

U.S. stocks clawed most of their way back from a deep slide Thursday that at one point had wiped out the market’s gains for the year.    An early plunge …

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US Trade Deficit Hits 10-Year High on Record Imports

The US trade deficit hit a 10-year high in October as Americans used a stronger dollar to snap up record imports, the government reported Thursday. The result showed the trade …

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OPEC Looks to Cut Oil Production to Support Falling Price

OPEC countries were gathered Thursday to find a way to support the falling price of oil, with analysts predicting the cartel and key ally Russia would agree to cut production …

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Paris Riots Show Difficulty of Fighting Warming With Taxes

The “yellow vests” in France are worrying greens around the world. The worst riots in Paris in decades were sparked by higher fuel taxes, and French President Emmanuel Macron responded …

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OPEC, Russia Move Closer to Cutting Oil Output

OPEC and Russia moved closer on Wednesday to agreeing cuts in oil production from next year despite pressure from U.S. President Donald Trump to reduce the price of crude. OPEC …

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Growth of Labor Migration Provokes Hostility in Host Communities

A new study estimates 164 million people are migrating to foreign countries in search of work, an increase of 9 percent since 2013. The majority of migrant workers are men …

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Trump Tries to Calm Global Markets After Stocks Drop Sharply

U.S. President Donald Trump, who rattled global markets Tuesday after declaring himself “a Tariff Man,” predicted in a series of tweets Wednesday the United States and China would negotiate a …

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Race to the Bottom? India Plans Deep Dive for Seabed Minerals

In the 1870 Jules Verne classic “20,000 Leagues Under the Sea,” underwater explorer Captain Nemo predicted the mining of the ocean floor’s mineral bounty – zinc, iron, silver and gold. …

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Farmer Protests Highlight India’s Growing Rural Distress

Vimla Yadav, a farmer from India’s Haryana state, says agriculture costs, such as fertilizers and seeds, have soared, yet produce prices have plunged, leaving her family of 10 with virtually …

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Shifting Global Marketplace Leaves US Workers Behind

President Donald Trump insists his new trade agreement with Mexico and Canada will address the exporting of U.S. manufacturing jobs overseas. That pledge, however, comes on the heels of auto …

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Brazil’s Bolsonaro to Tackle Pension Overhaul Piecemeal

Right-wing President-elect Jair Bolsonaro said on Tuesday he plans to tackle the overhaul of Brazil’s fiscally burdensome pension system with piecemeal reforms that can pass Congress, starting with an increase …

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VW May Use Ford’s US Plants to Build Cars

Volkswagen AG’s chief executive said Tuesday after a meeting at the White House that the German automaker was building an alliance with Ford and might use the U.S. automaker’s plants to build cars.  …

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Rich, Poor Struggle to Shoulder Losses From Devastating Storms

The devastation caused by powerful storms is a growing threat to both poor and rich nations, propelling Caribbean islands to the top of a global index of countries most severely …

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Trump: Trade Talks With China Underway

U.S. President Donald Trump said in a series of tweets Tuesday that talks to secure a trade deal with China “have already started” and if a “fair deal” is reached, …

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Uber Announces New Minibus Service in Traffic-mad Egypt

Uber launched a new minibus service on Tuesday in traffic-mad Cairo, Egypt’s capital and one of the U.S. ride-sharing giant’s fastest-growing markets. A part of an aggressive push into emerging …

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World Bank Ups Funds to Tackle ‘Existential Threat’ of Climate Change

The World Bank will give equal weight to curbing emissions and helping poor countries deal with the “disastrous effects” of a warming world as it steps up investments to tackle …

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