Trump said he doesn't see a recession after the bond market spooked investors and the Dow suffered its worst day of the year last week.Marketsread more
Ahead of the deadline, U.S. President Donald Trump told reporters that Huawei was a national security threat.Technologyread more
Baidu is gearing up to release its second-quarter earnings on Monday with the market expecting a sharp decline in profit.Technologyread more
Americans now say they approve of free trade by 64%-27%, a margin of better than two to one. That's up from 57%-37% early in Trump's presidency, and 51%-41% near the end of...Politicsread more
Stocks in Asia rose on Monday as U.S. Treasury yields bounced higher after plunging last week.Asia Marketsread more
The problem with tanking equities lies elsewhere, writes Michael Ivanovitch, because traders see no end to America's unfolding trade disputes with Europe and China.World Economyread more
Beijing wants to use reforms to support a slowing economy.China Marketsread more
Trump said Cook made a "good case" that it would be difficult for Apple to pay tariffs, when Samsung does not face the same hurdle because much of its manufacturing is in...Technologyread more
The yield on the benchmark 10-year Treasury note briefly fell below the 2-year rate on Wednesday, a phenomenon in the bond market known as yield curve inversion, which is...Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
The hearing will now begin next Monday to allow time for the completion of a previous trial that revolves around former 1MDB unit SRC International, a Kuala Lumpur High Court...Asia Newsread more
Iranian President Hassan Rouhani called for a variety of economic reforms and even tabled the possibility of a referendum on the country's controversial nuclear negotiations during a speech on Sunday.
"As the enforcer of our constitution, I would like, even for once, to see conditions ripe to implement a tenet of the common law calling for major issues - economic, social, political and cultural - to be put to public referendum rather than parliamentary vote," he said at an economic conference in Tehran.
Despite clear provisions in the constitution, it would be the first time since the 1979 revolution that a policy issue was put to a vote in the country.
Conservative hardliners have a strong grip on parliament, and are opposed to signing a deal about the country's contested nuclear program with a group of Western nations while under the pressure of sanctions.
The group – known as P5+1 -- include the U.S., U.K., France, China, Russia and Germany. A deadline for a deal has been extended to July 1.
Rouhani, who became president in August last year, also touched on the recent slide in oil prices and argued for an end to international isolation. Oil prices fell to fresh five-and-a-half-year lows lows on Monday after having lost more than half of their value since the middle of last year.
"Our political life has shown we can't have sustainable growth while we are isolated," he told the audience. "The time is past when it used to be said that if a foreign investor comes to Iran, our independence will be in danger."
Sanctions have hurt the economy in Iran, which is also battling stubbornly high inflation and unemployment. The International Monetary Fund forecasts growth for 2015 -- before the substantial drop in global oil prices – of 2.2 percent, compared to 1.5 percent in 2014.
Unlike its counterparts in the oil-rich Gulf, Iran has curtailed its budget for the coming fiscal year in response to falling crude prices, and used an oil price of $72 a barrel as a basis, down from $100 dollars in the previous period. Brent crude was trading around $55 a barrel on Monday.
For the economy to prosper, Rouhani also said the country needed to reduce the influence of government monopolies, foster more competition and fight corruption.
Last month Rouhani lamented Saudi Arabia's refusal to cut oil output.
"Iran and people of the region will not forget such conspiracies, or, in other words, treachery against the interest of the Muslim world," the Associated Press reported Rouhani as saying during a cabinet meeting.
The most recent report by the International Energy Agency (IEA) showed Iran's crude production was steady at 2.76 million barrels per day (bpd) in November. Exports are limited to 1 million bpd as part of a sanctions agreement reached in 2013.
"He is challenging the supreme leader and the conservatives with this proposal because he knows that in a popular vote the majority are likely to support a compromise solution that will not be acceptable to conservatives," Nader Habibi, Henry J. Leir Professor of the Economics of the Middle East at Brandeis University.
"It is very likely that this proposal (to resort to direct popular vote on important foreign policy issues,) will be rejected by the supreme leader, Ayatollah Khamenei,"