Flash Briefing: Facebook, AliBaba shares surge; More US visas for the skilled; VW unveils Tesla Killer; Markets cheer Fed

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In today’s global business news headlines…
Stock markets are cheering after yesterday’s unexpected reversal of US Fed interest rate policy.
Share prices were also buoyed by better than anticipated quarterly results from internet giants Facebook and AliBaba.
There was more bad news for Tesla from Europe yesterday as the world’s largest car maker, Volkswagen, unveiled an electric car chassis which by 2022 will be the building block for 50 different models.
The Trump Administration yesterday announced changes designed to increase by around five and a half thousand a year, the H-1B visas issued to highly skilled foreigners.

31 Jan 2019 English South Africa Business News · Investing

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