Business News

Electric vehicle maker Rivian: expect prices lower than previously announced

Founded in 2009, the electric vehicle startup Rivian made waves when it unveiled its first prototype model at the LA Auto Show in 2018

Jan 26, 2020

By Reuters

McDonald's, Starbucks close stores in Hubei province as China fights coronavirus outbreak

While McDonald's has closed its restaurants in five cities in Hubei province, Starbucks has closed its cafes and has also suspended deliveries

Jan 26, 2020

By R. Ghosh

Boeing 737 Max could get recertified before midyear, says FAA

The US aircraft maker had earlier said that the troubled 737 Max's return could get delayed till June

Jan 26, 2020

By R. Ghosh

Chinese tariff rate quota policy severely impacted US wheat exports

China's tariff rate quotas establish two tiers of tariffs, with a lower tariff for in-quota imports and a much higher tariff for out-of-quota imports. Chinese tariffs for grain commodities were 1% for in-quota and 65% for out-of-quota imports

Jan 25, 2020

By IBTimes APAC Desk

Wall Street Week Ahead: Hopes are high for tech stock 'Cadillacs'; so are their prices

Wall Street bets that popular US technology and internet stocks can outshine the broader equities market this earnings season

Jan 25, 2020

By Reuters

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Trump increases tariffs on derivative steel, aluminum products from some countries

US President Donald Trump stated that Trump said Argentina, Australia, Brazil, Canada, Mexico and South Korea are exempt from the additional tariffs on derivative steel products

Jan 25, 2020

By Reuters

Facebook may be fined another $5.5 million, says Italy's watchdog

In 2018, Facebook was fined 5 million euros by Italy's watchdog and was asked to publish an amending statement on its homepage, which it didn't

Jan 25, 2020

By R. Ghosh

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Singapore confirms no fake food products imported from China

Nestle partners with Canada-based Burcon and Merit for plant-based proteins

The Swiss food giant will now be able to use Burcon and Merit's plant-based proteins in its own food and beverage products

Jan 25, 2020

By R. Ghosh

UK business perks up after election, weakening case for rate cut - PMIs

Earlier signs of weakness in the labour market had prompted two BoE rate-setters to vote for lower borrowing costs in 2019

Jan 24, 2020

By Reuters

Suzuki Motor Corp says must respond to Dutch emissions probe by mid-Feb

The Dutch road authority said on Thursday that Vitara and Fiat Chrysler's Jeep Grand Cherokee diesel models broke emissions rules

Jan 24, 2020

By Reuters

Why Instagram Is Perfect for Advertising

Instagram has proven to be one of the most effective tools for businesses, both big and small, to grow their brands

Jan 24, 2020

By IBTimes SG Desk

Japanese lawmakers mull floating country's own cryptocurrency

Japan in a move to get in tune with financial technology is working on a proposal to launch cryptocurrency which combines the efforts of government and private agencies

Jan 24, 2020

By IBTimes APAC Desk

American Airlines, Southwest Airlines complain over grounded Boeing 737 MAX fleet

Two of the largest operators of the MAX 737 concerned about demand not being met while operating the slimmer fleet

Jan 24, 2020

By IBTimes APAC Desk

Shares hold ground as China virus fears persist; euro hits seven-week low after ECB

As the Lunar New Year is right around the corner the Asian share held the ground despite the fear of the new coronavirus looms across the world right before the week long holiday

Jan 24, 2020

By Reuters

Tesla zooms past Volkswagen; becomes second-most valuable carmaker in the world

Tesla, which has a market capital more than that of Ford and General Motors combined, now only lags behind Toyota

Jan 24, 2020

By R. Ghosh

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