Money

by | October 17, 2018 | 00:06

US President Donald Trump said US aid to Honduras will be stopped unless its government stops a so-called "caravan" from heading towards the US border. The development came just days after Pence met with Honduran President Juan Orlando Hernandez, President Jimmy Morales of Guatemala and Vice President Oscar Ortiz of El Salvador, asking them to step up and help combat illegal immigration in return for help from the U.S.

by | October 16, 2018 | 17:57

Ahead of the USA sanctions against Iranian oil, India on Tuesday blamed "sentiments" around losing a big supplier behind the rising crude oil prices , while maintaining that availability of oil to replace lost volumes is not an issue. The Prime Minister in 2015 had set a target of reducing India's oil dependence by 10 per cent to 67 per cent (based on import dependence of 77 per cent in 2014-15) by 2022.

by | October 16, 2018 | 15:52

There hasn't been a Mega Millions jackpot victor since it reached $543 million in July. The two games make the combined possible winnings $999 million dollars. Burdess and Vandiver had all five white ball numbers (4, 24, 46, 61 and 70), and only lacked having the Megaball number of 7 or they would have won the $548 million jackpot.

by | October 16, 2018 | 13:42

After the incident, Air India launched a probe into the mishap and issued a statement saying, "In an unfortunate incident today, one of our cabin crew Ms.Harsha Lobo, operating flight AI-864, BOM-DEL, fell down on tarmac from B777 aircraft door L5 while closing it".

by | October 16, 2018 | 07:16

And so what the statement will say, according to the CNN report, is that Mohammed bin Salman might have been aware of the rendition, but wasn't responsible for the murder. Endeavor is exploring the possibility of backing out of its $400 million deal with the Saudi Public Investment Fund , Variety has confirmed. House Minority Leader Nancy Pelosi (D-CA) floated an accusation that a personal financial transaction with Saudi Arabia has resulted in a softer response from President ...

by | October 15, 2018 | 20:58

Edward S. Lampert has stepped down as CEO but will remain chairman of the board. The company filed for Chapter 11 protection from creditors with the U.S. With Sears heading toward bankruptcy, any potential for liquidation could mean an end to the lease agreements with Seritage. Still, even given Lampert's mismanagement and Sears' drawn-on decline, Rosenblum distilled the company's downfall to one word: tragedy.

by | October 15, 2018 | 20:24

Turkish authorities have claimed they have proof the journalist was tortured, killed and dismembered at the Saudi consulate in Istanbul. Khashoggi , a journalist and regular columnist for the Washington Post , failed to emerge after entering the Saudi consulate in Istanbul on October 2.

by | October 15, 2018 | 17:21

In May, Patisserie-Valerie reported a 14.2 per cent rise in pre-tax profit for the six months ended March 31, up from £9.7 million to £11.1 million. "It is actually quite staggering that the winding-up petition has happened without any notification to the stock market and I believe even the board said they weren't even aware this had been served on the company".

by | October 15, 2018 | 15:30

Bankruptcy Court in the Southern District of NY. Sears and Kmart stores and their online and mobile platforms will remain open for business, according to a company statement. It has had 11 years of straight annual drops in revenue. In its last fiscal year, it generated $16.7 billion in sales, down from more than $50 billion in 2008.

by | October 15, 2018 | 01:25

Turkish officials say the journalist was killed and dismembered inside the consulate by a 15-member Saudi " assassination squad " and say they have evidence to support their claims. The BBC said a joint statement of condemnation was also being discussed by USA and European diplomats if it is confirmed Khashoggi was killed by Saudi agents.

by | October 15, 2018 | 00:55

Worldwide benchmark Brent crude rose 34 cents to $80.60 a barrel by 1052 GMT, having dropped by 3.4 percent on Thursday. Brent crude futures rose 89 cents, or 1.1 percent, to $81.15 a barrel by 0455 GMT, Reuters said . Earlier this week, the Energy Information Administration boosted its forecast for USA oil production , which added another headwind. That followed three straight weeks of declines and was the largest weekly increase since the week ended August 10.

by | October 14, 2018 | 21:20

All cars bought from November 12, 2019 with sub-50g/km emissions and an electric range of at least 70 miles will only be eligible for a £3,500 grant - which is £1,000 down on the subsidy that's now offered. Funding support for purchases of electric vehicles is to be reduced or stopped altogether for some categories but will run for a further 35,000 vehicles.

by | October 14, 2018 | 19:33

Shenzhen Component Index opened at 7,753.03, down 3.22%. Tech stocks are among the biggest losers. The Shanghai equity gauge has tumbled more than 20 percent this year, while the Hong Kong benchmark - the world's best performing market as recently as January - is down 16 percent as a trade dispute between the USA and China spurred an exodus.

by | October 14, 2018 | 19:11

Because flying is an absolutely terrifying experience for a lot of people, emotional support animals are permitted on most U.S. airlines - but after a couple of, well, quite disturbing incidents , they've had to be pretty careful about which animals they allow to fly in the cabin.

by | October 14, 2018 | 18:01

The deal will close in 2022, when China rules capping foreign ownership for auto ventures are lifted. The new "High-Voltage Battery Centre Phase II" will produce new, more powerful batteries with fifth-generation BMW eDrive technology for the fully-electric BMW iX3.

by | October 14, 2018 | 15:33

Surveillance footage released by the Turkish government shows Khashoggi , a vocal critic of the Saudi kingdom, entering the consulate. His case risks hurting not just fragile Turkish-Saudi relations but also damaging the image of the kingdom and its ties to the West as Crown Prince Mohammed bin Salman promotes a reform drive at home.

by | October 14, 2018 | 13:45

Ingmar De Kegel of Belgium waits at the check-in counter of Singapore Airlines flight SQ22 to Newark on Thursday, Oct. 11, 2018, in Singapore . Flight SQ22 departed at 15:37GMT with 150 passengers and 17 crew. In November 2013, Singapore Airlines had terminated its Singapore-Newark nonstop flights after about five years of operation as the A340-500 , four-engine fuel guzzler aircraft with only 100 business class seats on board made it uneconomical.

by | October 14, 2018 | 13:08

Trump said, referring to defense manufacturers. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World. Under Trump, the US has continued to back a Saudi bombing campaign against Houthi rebels in neighboring Yemen that's killed thousands of civilians, providing American logistical support and weapons.

by | October 14, 2018 | 12:40

This world is built for human, so in theory, robots that look and move like a human will be best equipped to manage the world. It's a quick trip to the uncanny valley but it's one that we really have to take. There's a lack of clarity in what Atlas will actually do for humanity: will he rescue people in situations too risky for humans? No longer will we be able to breathe a sigh of relief that we've outrun the post-apocalyptic robot army of our nightmares just by climbing to the second floor.

by | October 14, 2018 | 09:40

Reliance, owner of the world's biggest refining complex, plans to stop importing Iranian oil in October or November. India's September oil imports were also boosted by the import of 2 million barrels of Iranian oil by Reliance Industries Ltd.

by | October 14, 2018 | 08:25

Numbers will be drawn Friday night for a chance at the estimated $548 million Mega Millions prize. It was the 22nd consecutive draw without anyone matching all six numbers. The $548 million prize in Friday's drawing refers to the annuity option, which is awarded in 30 payouts. The Powerball jackpot is also on the rise.

by | October 13, 2018 | 22:54

US West Texas Intermediate (WTI) crude futures were up 26 cents, or 0.4 per cent, at $71.23 a barrel, after falling 3 per cent in the previous session to the lowest since September 21. He further added that Saudi Arabia representatives have been claiming that they are able to balance Iran's losses under the USA pressure. "The oil market cannot shield itself from the rout in equity markets", said Norbert Ruecker, head of macro and commodity research at Julius Baer Group Ltd.in Zurich.

by | October 13, 2018 | 21:58

The 500,000 sqft store that will come up in 2020 near Nagasandra on Tumkur Road will be logistically connected to the Metro station. Nearly five years back, the company got a go-ahead from the government for its Rs 10,500 crore investment plan for setting up stores in India.

by | October 13, 2018 | 18:59

Presidents for more than two decades had avoided public comments on the Fed's interest-rate policies as a way of demonstrating respect for the institution's independence. But one unintended outcome is that raising interest rates can scare off investors and precipitate a sell off in equities. The central bank "is too tight", he added.

by | October 13, 2018 | 10:36

The world's longest flight is taking travelers from Singapore to NY. The airline said it is not planning to offer any economy bookings on the route. Qantas launched a 17-hour non-stop service from Perth to London earlier this year, while Qatar runs a 17.5-hour service between Auckland and Doha.

by | October 13, 2018 | 10:33

Two proxy advisors, Glass Lewis & Co and Institutional Shareholder Services, advised investors to vote against reelecting Murdoch as a director in June, citing his lack of experience in the field, his " troubled history as an executive and director ", and his presence on " too many boards ".

by | October 13, 2018 | 10:27

Facebook said today that it has experienced the biggest security breach in its history as 30 million users had their email addresses and phone numbers viewed by hackers. In addition, attackers could see the posts and lists of friends and groups of about 400,000 users. It also confirmed the Federal Bureau of Investigation is involved - but has told it "not to discuss who may be behind this attack".

by | October 12, 2018 | 19:45

As the trade war between the US and China escalates, . "The big picture is the Chinese exports have so far held up well in the face of escalating trade tensions and cooling global growth, most likely thanks to the competitiveness boost provided by a weaker renminbi", said Julian Evans-Pritchard, senior China economist at Capital Economics.

by | October 12, 2018 | 13:23

Another Trump pick for the Fed Board is Michelle Bowman, the Kansas banking commissioner who has yet to be confirmed. Three have PhDs in economics and three have law degrees. Does the market fear the Fed will respond to inflationary signals with more hikes than previously expected, maybe enough to hurt corporate profits, or dim the US economy into recession? Trump was briefed on the market turmoil earlier in the day, a White House official said.

by | October 12, 2018 | 10:16

The IMF on Tuesday cut its global GDP growth forecast by 0.2 percentage points to 3.7 percent for both 2018 and 2019, citing the economic uncertainties. The growth rate of United States for 2018 is 2.9 per cent and that of 2019 has been powered to 2.5 per cent. These risks, it says, while still moderate, could increase significantly.

by | October 12, 2018 | 05:54

His constituency contains the port of Larne, identified by European Union chief Brexit negotiator Michel Barnier as a place where checks on animals and animal products from Great Britain into Northern Ireland could be intensified in order to prevent a hard border with the Republic of Ireland.

by | October 12, 2018 | 00:31

The International Monetary Fund launched formal bailout talks with Pakistan on Thursday, and IMF managing director Christine Lagarde said she would require "absolute transparency" of Pakistan's debts, including those owed to China. Broadly speaking, global financial conditions remain accommodative and supportive of near-term growth, albeit somewhat tighter than six months ago.

by | October 11, 2018 | 20:16

US market indexes continued their risk-off selling with all of the major indexes closing with losses. Stocks retreated Wednesday, with the Dow Jones industrial average losing more than 800 points in a selloff that accelerated in the final minutes of trading.

by | October 11, 2018 | 15:55

Trump told reporters while traveling to Erie, Pennsylvania, for a campaign rally. He described the path of rate increases - most recently to a level of 2-2.25% - as "crazy", adding that the stock market reaction was the "correction that we've been waiting for".

by | October 11, 2018 | 10:09

International Monetary Fund Managing Director Christine Lagarde on Thursday warned countries of the perils of a trade or a currency war, saying they could be detrimental to global growth and hurt "innocent bystanders". "Bold decisions need to be taken on the reforms front in order to stimulate growth and sustainable development", said Prof Ncube. "By 2019, when some of these orients will be commissioned, economic activities will blossom and this will propel GDP growth", said Mr.