Money

by | December 13, 2018 | 21:43

Patel, who had said he was resigning for personal reasons, and his predecessor Raghuram Rajan are economists. Mr Das assured that he will hold fair, frank, and objective consultations with all stakeholders as this will add depth and value to the issues.

by | December 13, 2018 | 06:22

NOGUCHI: Oil prices were up about 4 percent on the news today. Oil futures climbed Friday as members of the Organization of the Petroleum Exporting Countries and their allies reached an agreement to curb production starting in January, easing worries about a potential global glut of crude supplies and helping to lift prices up by more than 3% for the week.

by | December 11, 2018 | 01:43

Patel tendered his resignation citing personal reasons. Tensions between the RBI and government spilled into the public domain after the RBI Deputy Governor Viral V Acharya stated that undermining the central bank's independence could be "potentially catastrophic".

by | December 11, 2018 | 01:35

China has summoned the U.S. ambassador in Beijing to protest about the detention of a senior Huawei executive in Canada after USA law enforcement officials issued a warrant for her arrest last week. Rubio and Sen. Tom Cotton (R-AR) last February introduced the Defending U.S. Government Communications Act , which would have prohibited the U.S. government from purchasing or leasing telecommunications equipment or services from Huawei, ZTE, and their subsidiaries and affiliates.

by | December 11, 2018 | 01:17

WINTER STORM WARNINGS are in effect in many areas this evening/overnight. She said she couldn't make hot chocolates fast enough to keep up with customer demand. Roy Cooper strongly urged residents to stay off the roads, asking drivers not to put lives of first responders needlessly at risk. Snowfall could total 12 to 20 inches over the Appalachians and into the Carolinas by Monday , when the storm is expected to move off the coast, the NWS said.

by | December 11, 2018 | 00:56

Like, freedom of speech is fundamental. "Are you serious?" Stahl responds, laughing at his answer. Asked how Tesla would know if his tweets would move the market if they weren't all being read , Musk replied: "Well, I guess we might make some mistakes".

by | December 07, 2018 | 09:50

This is not the first time a Chinese technology company has found itself in hot water with the US. That's an open question at this point-but either way, it could not be more tumultuous in effect. Meng could also be fitted with electronic monitoring equipment, and the court could go so far as to order security to monitor her while she awaits a decision on extradition, lawyers said.

by | December 06, 2018 | 05:59

Meng was arrested while transferring flights in Canada . He said Meng faces extradition to the USA, and that a bail hearing has been set for Friday. "The ban was sought by Ms. Meng", McLeod said. A statement released from the company said that Meng was being detained by Canadian authorities to face "unspecified charges" in the Eastern District of NY.

by | December 05, 2018 | 04:32

Shares of major USA banks also took a dive with Citigroup, Morgan Stanley and Capital One bottoming out at 52-week lows. White House economic advisor Larry Kudlow said the figure was a broad benchmark that would depend on private transactions for USA goods and was subject to market conditions.

by | December 05, 2018 | 04:28

Trump, traveling home from a G20 summit in Argentina, told reporters aboard Air Force One that he would give formal notice to Congress on "terminating" NAFTA "within a relatively short period of time". Trucks move almost $385 billion in goods between the US and Mexico, and $336 billion in trade between the USA and Canada. "It helped us get to where we are", MacNaughton said at a Public Policy Forum dinner in Ottawa.

by | December 03, 2018 | 04:30

The S&P 500 index has fallen about 8 percent since early October, when Powell sounded a quite confident tone about the economy and the need for the Fed to avoid overheating. His shift follows criticism from US President Donald Trump who nominated him for the role past year. "Our gradual pace of raising interest rates has been an exercise in balancing risks", Mr Powell said.

by | December 03, 2018 | 01:47

If the latest effort encounters the same roadblocks, Trump said he will proceed with his previous plan to raise tariffs on $200 billion in Chinese products to 25 percent from 10 percent, which was to have taken effect on January 1. Trudeau asked Mr. Trump to lower the newly imposed steel and aluminum tariffs. Prior to Trump's meeting with Xi, Stanley Chao, managing director of California-based All in Consulting, which assists Western companies in developing business in Asia, told ...

by | December 01, 2018 | 14:46

With a rise in nationalist sentiment in many countries, the G20, which accounts for two-thirds of the global population, faces doubts over its ability to deal with trade tensions and other geopolitical differences among. The Kremlin said it had not been notified and only learned about it from the tweet. It's in these sessions that he's most likely to run across Saudi Crown Prince Mohammed bin Salman, who most of the world has castigated after the murder of journalist Jamal Khashoggi.

by | December 01, 2018 | 12:57

Some policymakers agreed with the idea of further rate increases, but also "expressed uncertainty about the timing". The next Fed meeting is December 18-19. "There is a lot of data to come between now and March, the most likely next opportunity for a rate hike". Nearly all Fed officials at the meeting agreed another interest rate increase was "likely to be warranted fairly soon", but also opened debate on when to pause further hikes and how to relay those plans to the public.

by | December 01, 2018 | 11:53

Despite the firmer prices, crude oil has lost nearly a third in value since early October because of an emerging supply glut following a global surge in production, including from the United States, Russia and by the Middle East-dominated Organization of the Petroleum Exporting Countries (OPEC).

by | November 30, 2018 | 10:02

The prosecutors said they are looking at whether Deutsche Bank may have assisted clients to set up "Offshore-Companies" in tax havens so that funds transferred to accounts at Deutsche Bank could skirt anti-money laundering safeguards. Deutsche Bank shares fell as much as 4.7 per cent on Xetra. Deutsche Bank was among hundreds of financial institutions whose names cropped up in the media reports about the Panama Papers.

by | November 29, 2018 | 08:03

Apple is at risk of losing its title as the world's most valuable publicly traded company. According to Bloomberg , "the last time Microsoft was bigger than Apple based on market cap was in mid-2010". After becoming the CEO, Nadella refocused Microsoft on the cloud, which led to the software giant gaining market share in the fast-growing industry segment.

by | November 28, 2018 | 07:13

Donald Trump has issued a new tariff threat to China, escalating the trade war between the two countries four days before of a key meeting with the Chinese President, Xi Jinping . economy, saying it plans to spend about US$55 billion in 2018 with its US-based suppliers. Still, the company warned in September, that other items, like the Mac mini, Apple Pencil stylus, and some cables and cases, could be harmed.

by | November 28, 2018 | 03:30

GM's shares fell more than two percent in response to the attacks, as CNBC reported. President Donald Trump said the White House was looking at cutting federal subsidies for General Motors after the largest US automaker said it would halt production at five plants in North America and lay off thousands of workers.

by | November 27, 2018 | 07:16

The closure of the Oshawa Assembly Plant is part of a shift in the company's global production and has nothing to do with the new U.S. -Mexico-Canada trade agreement, a source familiar with the situation told The Canadian Press Sunday. GM said it will close three North American auto assembly plants next year: the Oshawa plant in Ontario, Canada; Hamtramck in Detroit , Michigan and Lordstown in Warren, Ohio.

by | November 25, 2018 | 18:45

Mr Picardo was reacting to Mr Sanchez' statement after news that a last-minute agreement had been reached to defuse the Brexit row over Gibraltar ahead of a crucial European Union summit on Sunday to rubber-stamp the draft Withdrawal Agreement .

by | November 25, 2018 | 18:46

The new Evoque features the latest version of Land Rover's corporate grille, flanked by distinctive LED daytime running lights and large side air intakes. AWD is combined with the second-generation Active Driveline with Driveline Disconnect to enhance efficiency, and Adaptive Dynamics to deliver the optimum balance of comfort and agility.

by | November 25, 2018 | 16:47

Now it seems that United States officials are escalating the dispute by talking to their government counterparts and telecom executives in friendly countries where Huawei equipment is already in wide use about what they see as cybersecurity risks.

by | November 21, 2018 | 18:43

For those of us planning to spend the night after Thanksgiving in bed rather than on the sidewalk, the difference between shopping on Friday and Monday is less noticeable, especially online. Expect to see sales on the PlayStation Store , Microsoft Store , Nintendo Eshop , Steam , and other PC storefronts like Humble , Fanatical , and Green Man Gaming .

by | November 21, 2018 | 15:12

The contract fell as much as 7.7 per cent during the session to touch US$52.77 a barrel, the lowest since October 2017. The exemptions allow these parties to buy a reduced volume of Iranian crude for the 6-month period, but volumes and details on the waivers remain a bilateral secret, Kallanish Energy notes.

by | November 20, 2018 | 19:06

According to the data on CoinMarketCap , $25 billion has been wiped out from the market in a 24-hour period. Bitcoin hit $10,000 at the end of November a year ago and was worth about $20,000 before Christmas, driven primarily by retail speculators.

by | November 20, 2018 | 17:02

Ghosn voluntarily went with Tokyo prosecutors, who are set to arrest him after questioning, the newspaper said. Nissan's board of directors was treading a delicate balance between the apparent Ghosn faction of four members - including Ghosn himself - and five Japanese members.

by | November 18, 2018 | 19:35

The 35-page Stage Black Friday 2018 ad surfaced online on Black Friday sites. The best Black Friday deals on Amazon Echo devices are already on offer and the good news is that most of the gadgets are still in stock. Some deals, like those on Amazon Echo and Fire TV devices, will be available in Amazon 4-Star and pop-up stores on Black Friday. The e-commerce giant is offering free shipping to all customers this holiday season, without a minimum order requirement.

by | November 16, 2018 | 16:25

The high number of dead and missing is attributed to the speed with which the flames, driven by high winds and facilitated by parched scrubland and trees, raced through the town of Paradise . Due to the administrative complications, it took longer for the official list of missing persons to be assembled. California authorities collected DNA samples from relatives on Thursday to help identify victims of the western USA state's deadliest-ever wildfire.

by | November 15, 2018 | 08:26

Lumentum's outlook comes a week after Nikkei reported that Apple was cancelling a production boost for its iPhone XR line, and less than two weeks after Apple's fourth-quarter results showed tepid unit sales growth. The firm hoped the iPhone XR would persuade owners of older iPhones to switch to the newer model, which costs $749 (£749) - a sizable discount from the $999 iPhone XS and the $1099 XS Max.

by | November 14, 2018 | 06:33

Before the United States re-imposed sanctions on Iran , "fear and anxiety gripped the market", al-Falih said at the Abu Dhabi International Petroleum Exhibition & Conference. Speculators have pulled back on heavy bets on an oil rally, a process that continued Tuesday, traders said. Senate Minority Leader Chuck Schumer, a New York Democrat, had previously supported legislation that would remove an existing immunity shield that prevents the oil cartel and its members' national oil ...

by | November 07, 2018 | 11:12

Two days earlier, The Washington Post (owned by Amazon CEO Jeff Bezos ) reported that Amazon is in "advanced talks" about putting its second headquarters, nicknamed HQ2, in Northern Virginia. Naturally, cities queued up to offer enticing incentives , including large subsidies , in order to lure the retail giant into selecting their area as Amazon's new home.

by | November 07, 2018 | 09:16

Democrats could also make significant progress in the investigations of Trump's possible collusion with Russian Federation and of his tax returns. They also could force Mr Trump to scale back his legislative ambitions, possibly dooming his promises to fund a border wall with Mexico, pass a second major tax-cut package or carry out his hardline policies on trade.

by | November 06, 2018 | 02:31

Millions of additional items on its website sold by third-party sellers will qualify for the free two-day shipping perk. Target announced last month it would offer free two-day shipping on all orders from November 1 to December 22. Don't all your friends with Amazon Prime seem so. well, smug? The same week, Walmart announced that two-day shipping would be free for Marketplace items .

by | November 06, 2018 | 00:55

It is a competition for the soul of America - a referendum on Trump and the venomous political culture that many blame for gridlock in Congress and a recent spate of hate crimes and politically motivated attacks. The NBC News Data Analytics Lab, using voter file data from TargetSmart, found that 35,526,881 early votes were counted nationwide as of Monday. "He's fighting, he's great", Trump said of DeWine, before turning his attention toward Cordray, who he called a "bad guy".

by | November 06, 2018 | 00:55

Ellison told investors in August that the smaller OSH stores were not running well and could never become a big part of Lowe's overall business. Lowe's CEO said affected employees will have the opportunity to transfer to neighboring Lowe's stores.

by | November 04, 2018 | 23:19

Protesting Google employees want to end Forced Arbitration clauses, increase the transparency around the misconduct policy and safety for women wanting to make a report of sexual harassment . The global Google walkout was sparked by a New York Times article about a former executive. The email did not mention the reported incidents involving Mr Rubin, Mr DeVaul or anyone else, but Mr Pichai did not dispute anything in the NYT story.

by | November 03, 2018 | 05:14

On Monday, U.S. oil prices inched up 0.07 percent despite vow of Saudi Arabia to enhance oil production. Earlier in the session, Brent reached a session low of $75.09 a barrel, while WTI slumped to $65.33 a barrel. Brent crude futures fell $1.57 a barrel to $73.47 a barrel as of 11:38 a.m. EST (1538 GMT), while US futures were down $1.40 a barrel at $63.91. Meanwhile, India's imports from Iran rose 27 percent from the same month previous year to 527,600 bpd, and buyers there plan to take 9 ...

by | November 03, 2018 | 03:52

The two countries already have imposed tariffs on hundreds of billions of dollars of each other's goods and Trump has threatened to slap tariffs on the remainder of China's $US500 billion-plus ($A690b) exports to the United States if the disputes can not be resolved.

by | November 02, 2018 | 19:12

Moreover, Saudi Arabia's Energy Minister Khalid al-Falih said on Tuesday that the Organization of the Petroleum Exporting Countries (OPEC) and its partners are in "produce as much as you can" mode. Jahangiri further stated that Tehran expected that the U.S. would not reduce the country's oil exports to the level of less than one million barrels a day.

by | November 02, 2018 | 18:05

India jumped 23 positions in the World Bank's Ease of Doing Business Index and is now ranked 77 out of 190 countries in 2018, a development that could help the country attract more foreign investments. Afghanistan was the most improved economy followed by Djibouti and China. "Given the current economic environment in Turkey, it is, nevertheless, encouraging to the global business community and local entrepreneurs alike to see the process of conducting business simplified in so many ...

by | November 01, 2018 | 23:40

The Shanghai Composite index rebounded 1 percent to 2,568.05 and South Korea's Kospi picked up 0.9 percent to 2,014.69. Stocks have plunged since early October and trading has been especially volatile the last few days. Trump said in the interview he would like to make a deal now, but that China was not ready. IBM fell 4.1% to $119.64. "A trade war with China was one of the bigger overhangs".

by | October 31, 2018 | 14:31

The reports also claimed that Governor Urjit Patel , who has been in the limelight recently for taking a tough stand against the government, may quit. It further claimed that the government has invoked never used before Section 7 of the RBI act. "Extensive consultations on several issues take place between government and RBI from time to time".

by | October 28, 2018 | 09:03

Saturday's Powerball drawing would pay an estimated $750 million if a victor matches all six numbers. Lottery officials said the winning tickets were sold in Arizona, Florida, Kentucky, New Jersey, New York, Oregon, and Wisconsin. A man holds a Powerball lottery ticket in Kingman, Ariz. If there's a victor, it would be one of largest jackpots in the nation's history. Powerball is played in 44 states, plus Washington, D.C., the U.S Virgin Islands and Puerto Rico.

by | October 27, 2018 | 01:46

The company posted third-quarter earnings per share of $5.75 on net income of $2.9 billion, topping expected earnings per share of $3.14, according to Refinitiv data. Investors' focus will be on the company's performance in its Web Services business, which is expected to be a major boost to the company's profitability.

by | October 26, 2018 | 07:12

The Tadawul All-Shares Index (TASI) rose 4.3 percent to close trading on the last day of the week on 7,835.54 points. Calls to stop the event have been made following the death of Washington Post journalist Jamal Khashoggi in Saudi Arabia's consulate in Turkey .

by | October 24, 2018 | 08:10

Customer Service Representative, Elijah Henderson, says the line has stayed busy all week long. In the sales peak, as many as 12,700 tickets will be sold per minute, Mullen said. The annual El Gordo national lottery in Spain advertises a larger total prize pool, but the money is divvied up into many prizes, according to Seth Elkin, a spokesman for the Maryland lottery, which now takes questions about the Mega Millions drawing.

by | October 23, 2018 | 01:25

It forms part of the wider investigation by Turkish officials into the events of that day and the continued interrogation and worldwide questioning of Saudi Arabia's version of how the journalist died. On Monday, a spokesman for Turkey's ruling AK Party, Omer Celik, echoed the sentiment that the footage is evidence of Saudi efforts to hide the killing.

by | October 22, 2018 | 13:23

A ticket machine behind him flashed the Mega Millions jackpot estimate, along with the Powerball jackpot for Saturday night - now at $470 million. The Mega Millions jackpot is now bigger than ever before. Because proceeds from the state lottery go toward education, those increased sales mean more revenue for Oklahoma schools, Finks said.

by | October 22, 2018 | 13:26

Dalian, which hosts some of China's biggest refineries and commercial oil storage facilities, typically receives 1-3 million barrels of Iranian oil each month. He also said that the US response to Saudi Arabia would likely be "very severe" but he would still want to get to the bottom of what exactly happened.