Business

Japan’s exports grew in January for a 14th straight month led by brisk shipments of China-bound hybrid cars and electronics parts, a sign solid global demand for Japanese goods continued to underpin growth in the world’s third largest economy. Ministry of Finance (MOF) data showed on Monday that exports grew 12.2 percent in January from
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The federal government’s immigration crackdown in California widened Friday with the announcement that a five-day sweep led to the arrest of 212 undocumented immigrants and the targeting of 122 businesses in Southern California. The action comes on the heels of raids in Northern California targeting undocumented immigrant workers. The Trump administration’s clampdown on illegal immigration
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Canadians will have to wait until at least early August or later to legally purchase recreational marijuana. As recently as last week, Prime Minister Justin Trudeau‘s government was insisting it was on track for legalization in July. But given a new Senate timetable to pass the legislation, Health Minister Ginette Petitpas Taylor conceded Thursday it
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TF-Images | TF-Images via Getty Images CEO Joe Kaeser gestures during the annual results press conference on November 9, 2017 in Munich, Germany. The International Monetary Fund (IMF) upwardly revised its global growth forecasts for 2018 and 2019 last month, saying the amendments were partly down to the recently approved overhaul of the U.S. tax
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The risk that banks face within the oil and gas sector is currently “contained,” but the outlook for the segment remains far from certain, according to the CEO of Singapore’s oldest bank. OCBC’s Samuel Tsien said that rising oil and gas prices indicate a more optimistic picture for the market, but banks would likely remain
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Boeing is pumping out airplanes at a record pace and aims to keep climbing. CEO Dennis Muilenburg told CNBC’s “Squawk on the Street” Thursday that “by the end of the decade” the aerospace and defense giant “will be building more than 900 airplanes a year.” Last year Boeing delivered a record 763 commercial aircraft, which
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Airbus on Thursday took a new 1.3 billion euro ($1.6 billion) hit on its A400M military transport plane, lifting charges on Europe’s troubled defense project above 8 billion euros and cloudinghigher-than-expected underlying profits. Europe’s largest aerospace group posted adjusted 2017 operating profit of 4.253 billion euros on revenues of 66.767 billion euros and predicted a
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U.S. business inventories increased a bit more than expected in December, lifted by solid gains in stocks at manufacturers and wholesalers. The Commerce Department said on Wednesday that business inventories rose 0.4 percent after a similar gain in November. Economists polled by Reuters had forecast inventories, a key component of gross domestic product, rising 0.3
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The DFTZ is just one example of Malaysia’s participation in Belt and Road. Prime Minister Najib Razak has agreed to several rail projects and a deep-sea port that could see his country rival Singapore as a transshipment hub. The Muslim-majority nation was the fourth most attractive destination for Chinese overseas direct investment in 2017, according
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The Israeli military shot down an Iranian drone that infiltrated the country early Saturday and struck Iranian targets in Syria that launched it, in what the military called a “severe and irregular violation of Israeli sovereignty.” The military said its planes faced heavy anti-aircraft counter fire from Syria that forced Israeli pilots to abandon an
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Capping any optimism is the belief that South Africa’s economic fundamentals are not as positive as they could be. Its economy grew at just 0.7 percent in 2017, according to the International Monetary Fund, well below emerging markets as a whole which grew at 4.6 percent. The uncertainty of Zuma’s political future crystalized earlier this
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Millions around the world will tune into watch the 2018 Winter Olympics, but to those unfamiliar with the geography of South Korea it may be hard to understand where the events are taking place. The European Space Agency (ESA) flew its Sentinel-2 imaging satellite over the host city of Pyeongchang on Jan. 30, giving a
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L.L. Bean’s generous return policy is going to be a little less forgiving: The company, which has touted its 100 percent satisfaction guarantee for more than a century, is imposing a one-year limit on most returns to reduce growing abuse and fraud. The outdoor specialty retailer said returns of items that have been destroyed or
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