May 26, 2017

MoneyWeb – International Business News



MoneyWeb – International Business News

International – Business, Financial and Investment news and tools

US growth not so bad after revisions to spending, investment

Gross domestic product up at 1.2%.

Tesla’s Model X missing out on America’s voracious SUV hunger

US registrations of the SUV slipped the last two quarters.

Five things you need to know on Friday

Oil drops below $49 a barrel, China backs away from allowing markets to control the yuan, and the pound wakes up to UK election risk.

GM accused in owner lawsuit of using VW-like defeat devices

Suit alleges diesel pickups are rigged to pass emissions tests.

US jobless claims edge up, goods trade deficit widens

Goods trade deficit widens in April; inventories fall.

Alibaba said to lead $1bn funding in Chinese startup

Tencent intends to ramp up investment to catch its rival.

Five things you need to know on Thursday

OPEC meets in Vienna, Trump meets European allies, UK's growth revised lower for Q1.

UK economy weakens more than estimated

Growth drops to 0.2%.

Fed ties rate hike to economic rebound

Sees balance sheet cuts in 2017.

Brazil’s Temer faces brewing mutiny by allies amid graft scandal

Rebels see electoral court decision as best way out for Temer.

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