Archive | Money

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Oil prices fall on record US output, stock build

Brent oil had climbed 27 cents, or 0.4 percent, to $72.85 a barrel by 0655 GMT. The expiring U.S. West Texas Intermediate (WTI) crude CLc1 for...

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Marchionne replaced as FCA boss due to failing health

Fiat Chrysler Automobiles CEO Sergio Marchionne has experienced "unexpected complications" following surgery. While the company offered no det...

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Gold Price Falls; Look at Factors Governing the Rates This Week

The benchmark six-month forward premium payable in November edged lower to 106.50-108.50 paise from 108.75-110.75 paise and the far-forward May ...

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GST Council reduces tax rates on more than 50 items

Apart from bringing down rates, the Goods and Services Tax (GST) Council also exempted GST on sanitary napkins , rakhis, fortified milk and ido...

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Microsoft beats Wall St targets on cloud services revenue

Intelligent Cloud's operating margins. The mass use and adoption of their Azure Cloud storage have been credited with being the major factor...

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Amazon Prime Day: More Than 100 Million Products Sold Over 36 Hours

Who can shop the Prime Day discounts this year? Some people were seeing the " dogs of Amazon " notification that the website wasn't working, wh...

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Trump says China, EU "manipulating their currencies" -- and US dollar hit

In response to the president's tweet , St. Louis Federal Reserve Bank President James Bullard said on Friday that regardless of who comments...

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May defeats rebels over plans to remain in EU customs union

In an article for The Mail on Sunday, she called for MPs to take a "practical and pragmatic" approach rather than face a "damaging and disorderl...

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Trump Slams Rate Increases By Independent Federal Reserve

Still, President Trump voiced concern that the higher rates and a stronger dollar may put the United States at a disadvantage while Fed counterp...

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Trump ready to hit all Chinese imports with tariffs

In an interview with CNBC , soybean farmer Bill Beam says that the price of soy futures has plummeted by 15 percent ever since China announce...

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Google has been fined a record breaking $5B by European Commission

Google's practices have denied rival search engines the possibility to compete on the merits . European Competition Commissioner Margrethe V...

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Papa John’s further shuns founder, evicting him from offices

The disgraced founder of Papa Johns decided that he should play the victim in his controversial situation. In the letter Saturday, Schnatter...

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Elon Musk makes unfounded accusation against Thai cave rescuer

Today, the diver - who was an instrumental part of the rescue efforts - told reporters he is considering legal action against Mr Musk. Aft...

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Theresa May Opens Farnborough Airshow

She said: "We can all feel incredibly proud of our position as a leading aerospace nation". After Prime Minister Theresa May unveiled mo...

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The best Amazon Prime Day 2018 deals so far

For the first time, Prime members in India will also have access to hundreds of top global Prime Day deals from across 17 countries. Amaz...

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UK Clears 21st Century Fox To Buy Sky

The British government is expected to finally allow Fox, which is run by Rupert's son James, to buy Sky this week, after the US group agreed to ...

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US Senators make final push to ban ZTE with NDAA amendment

The ban was imposed in April after Commerce Department officials said ZTE made false statements about disciplining 35 employees after it plead...

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After Two More Closings, There’s One Surviving Blockbuster Left

So what is it about Bend, OR, that has allowed the only remaining Blockbuster video store in the U.S.to survive? Kevin Daymude, owner of the...

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Tesla Inc (NASDAQ:TSLA): Tesla Inc (TSLA) Has a Whistleblower Situation

Musk said the plant, which has been in the works for a year, would eventually have an annual production capacity of 500,000 cars, and he hoped i...

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Modest Brit cave divers get free Thai flights for life

Narongsak Osatanakorn is the official who oversaw the rescue operation. The trapped group in Thailand have now all been rescued from the cav...

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PM May looking forward to positive talks with Trump

Amid growing discontent on the Tory backbenches, Brexiteer Andrea Jenkyns warned that more resignations could follow those of Mr Johnson , ...

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Trump Announces New Taxes on TVs and Air Conditioners

Analysts say a full-blown trade war with China could wound the U.S.in several ways. But one source at a top Chinese news site told Re...

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US to slap tariffs on extra $200 billion of Chinese imports

The move would be the latest in the escalating trade skirmish between the world's two biggest economies. The tariff list could be released as ...

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Oil dips in nervous trading as US-China trade war looms

The U.S. rig count, an early indicator of future output, is much higher than a year ago as energy companies have ramped up production in respons...

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USA adds a solid 213000 jobs; unemployment up to 4 percent

In spite of the tightening labor market, however, wage growth remains anemic. Regina, Saskatchewan has a higher unemployment rate than Windsor...

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ZTE names new CEO in quest for U.S. reprieve

Xu Ziyang, ZTE's former managing director for Europe, has been appointed ZTE's new CEO , with the company also announcing a new CTO, CFO and ...

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USA unemployment rate rises unexpectedly to 4.0% | 6 July 2018

Over the past year, average monthly payroll gains have hovered around 200,000, and hiring has been running ahead of growth in the labor force. ...

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US, China trigger major trade war

Beijing's commerce ministry, in a statement shortly after the USA deadline passed on Friday, said the world's No. 2 economy was forced to ...

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Elon Musk sends help for soccer team stuck in Thailand cave

Elon Musk's companies could help by trying to locate the boys' precise location using Space Exploration Technologies or Boring Company techno...

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Iran tells European Union to implement guarantees before U.S. sanctions return

The Iranian president said there was no action plan or "a clear method in the proposed package for the continuation of cooperation and, similar ...

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Saudi Arabia says ready to boost oil production, taking aim at Iran

This is more than what markets are geared up to balance, at this moment. We are already on the brink of the 80s. Shortly after, the White Ho...

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Oil prices climb on tightening USA market

West Texas Intermediate, the USA benchmark for the price of oil, was up 1.51 percent to $75.06 per barrel, its highest level since November 2014...

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WTO has treated USA very badly; hopes it mends its ways

FART Act, stinks", writes Anthony Scaramucci . "The problems are coming from the behavior of a single country that would like to return to...

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PBOC Governor Yi: Need to keep Yuan stable at reasonable, equilibrium level

And ultimately, unless there's compromise in the trade dispute, the yuan should remain under pressure. The market was caught in the well overs...

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China rejects 'blackmail' on eve of United States tariff hike

Countries are ranked by how integrated they are into the global value chain. Chinese President Xi Jinping's government has issued a list of US...

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