Money

by | October 04, 2018 | 17:38

India is the third largest importer of crude oil and rising global oil prices are inflating domestic transport fuel costs in a strong demand environment. Brent crude oil hit $86 per barrel on Wednesday, recording its highest level in 4 years. Petrol rates increased by Rs 0.15 per litre and diesel rates increased by Rs 0.20 per litre on Thursday.

by | October 04, 2018 | 15:26

Indonesia's central bank governor stressed the need to raise interest rates before the Fed to avoid "drastic" capital outflows in the wake of a heavily flagged Fed hike in December. "Respite is unlikely in the short term, as official supportive action (by way of liquidity boost, likely rate hike support on Friday) is being overwhelmed by global risk catalysts", said Radhika Rao, economist at DBS Bank Ltd.

by | October 04, 2018 | 05:58

After pledging to stand shoulder-to-shoulder with the Trudeau government during negotiations with the United States and Mexico , Ontario Premier Doug Ford has taken a more critical tone since the deal was announced , repeatedly asking about compensation for the province's agriculture sector.

by | October 04, 2018 | 03:30

Driving oil higher is a supply pinch as Iranian oil buyers like South Korea and India have started to scale back purchases ahead of the implementation of US sanctions against Iran despite some sentiment that the sanctions won't stick. The Organization of the Petroleum Exporting Countries and its allies have been limiting supply since 2017 to get rid of a glut. Saudi Arabia now produces some 10 million barrels of crude oil a day.

by | October 04, 2018 | 00:01

However, he believes the provision is meant as more a reasonable consultation within Canada's most-important trade alliance, than an attempt to block any Canada-China trade deals. turned to Canada. Tiberghien, who is also a distinguished fellow at the Asia Pacific Foundation of Canada, said the trade off struck by Canada will come with a high long-term price.

by | October 03, 2018 | 16:38

More fundamentally, oil markets have been pushed up by looming USA sanctions against Iran's oil industry, which at its most recent peak this year supplied nearly 3 percent of the world's nearly 100 million barrels of daily consumption. sanctions against Iran's oil exports through multilateral action". The bullish breakout can lead oil prices towards $74.30. U.S. President Donald Trump has blamed OPEC for rising prices in a message on Twitter on September 20 and in a high-profile speech ...

by | October 02, 2018 | 21:30

And Walmart, the country's largest private-sector employer, which has more than 1 million U.S. workers, raised its minimum wage to $11 in February. Patty Murray to raise the minimum wage up from the current $7.25 to $15 an hour by 2024. Responding to the new policy Tuesday, Sanders said Bezos' previous wages for workers "were so low that many of them were forced to go on food stamps, Medicaid, subsidized housing and other governmental programs".

by | October 02, 2018 | 17:11

While noting that while Culp has work to do, "I wouldn't want to bet against Larry", Davis added. In pre-market trading, GE's shares are up 14.4% to $12.92. So, by putting an end to Flannery's almost 2 year tennure at the company and bringing a trusted leader on board to replace him, the company has excited investors.

by | October 02, 2018 | 16:43

As part of a settlement agreed with the commission for that tweet, Elon was made to pay a penalty of $20 million as well as agreeing to step down as Tesla's chairman. Tesla's showroom in Paramus, New Jersey, was closed by 8pm local time on Sunday. Musk has gained legions of fans for his bold approach to business and technology, using his Twitter account to promote Tesla , his rocket company SpaceX and the tunnel venture Boring Co.

by | October 02, 2018 | 16:38

Amazon, which just became the second company to have a $1 trillion market cap, said it plans to push the federal government to increase the minimum wage. Bernie Sanders in recent months added his voice to the criticism, targeting the company and its leader by name with legislation that would tax companies the cost of the food stamps and other federal assistance provided to their employees.

by | October 02, 2018 | 16:16

Trade Representative Robert Lighthizer. That being said , the tariffs are still in place for the near future. In a joint statement , U.S. Trade Representative Robert Lighthizer and Canadian Foreign Affairs Minister Chrystia Freeland said the late Sunday agreement "will strengthen the middle class, and create good, well-paying jobs and new opportunities for the almost half billion people who call North America home".

by | October 01, 2018 | 23:17

The company said it would fall short of its previously indicated guidance for free cash flow and earnings per share for 2018 due to weakness within GE Power, despite 'GE's businesses other than Power generally performing consistently with previous guidance'.

by | October 01, 2018 | 21:58

The bill, SB 822, will prevent internet service providers in the state from slowing down access to websites or charging firms, like Netflix or YouTube, a fee to speed up connections. According to Marc Martin, a telecom attorney at the firm Perkins Coie, there is precedent for the federal government to say it won't regulate a certain interstate commerce issue and then to seek to prevent states from filling the gap.

by | October 01, 2018 | 21:37

Shares of Tesla jumped almost 16% today after chief executive Elon Musk settled with the US Securities and Exchange Commission (SEC ) over charges of misleading investors, heading off moves to force him out. Two new independent directors will be appointed to the board and a new committee of independent directors will be expected to put in place additional controls and procedures to oversee Musk's communications.

by | October 01, 2018 | 19:23

An EU privacy watchdog is investigating Facebook's recent data breach . In a blog post , the company says hackers exploited its " View As " feature, which lets people see what their profiles look like to someone else. The implementation of Europe's General Data Protection Regulation ( GDPR ) meant that Facebook was required to notify data protection authorities within 72 hours if any affected users were in the European Economic Area.

by | October 01, 2018 | 17:22

Elon Musk told Tesla employees that the company was on the cusp of making money, hours after he and the carmaker reached a settlement with the USA that steps up oversight of the chief executive officer's communications of material information.

by | October 01, 2018 | 10:54

He outlined the deadline - September 30 at midnight - for the text of that deal to be submitted to Congress. Canada also wanted to keep a NAFTA dispute-resolution process that the USA wanted to jettison. Lawmakers have said they do not expect Congress to vote on the deal until early next year. That was one of the sticking points for both Canada and Mexico.

by | September 30, 2018 | 23:08

Those access tokens are used to keep individual Facebook users logged into their account. The company, however, still does not know who is responsible for the attack. If you're still concerned, you can visit the "Security and Login" section in Settings to log out of all devices at once. Those details, according to Facebook , are still under investigation.

by | September 30, 2018 | 15:26

President Donald Trump . The United States and Canada have told Mexico they could reach a compromise within 48 hours on keeping the updated North American Free Trade Agreement a three-country deal, the Mexican economy minister said Friday.

by | September 29, 2018 | 21:26

And if you're a Rewards member , you can get a free doughnut, too. Sprinkles: The famous cupcakery is featuring free High Brew Coffee at participating stores, reps have confirmed. Dunkin' Donuts : Buy a hot coffee, get a second hot coffee free at participating Dunkin' Donuts restaurants. If you download the app, you are awarded 800 points, which is good for a free medium coffee! Scooter's Coffee: Get a free brewed coffee of any size on National Coffee Day.

by | September 29, 2018 | 18:40

The paper was released Monday shortly after U.S. President Donald Trump slapped 10% tariffs on $200 billion (₱10.8 trillion) worth of Chinese imports. China, which has accused Washington of being insincere in the negotiations, has decided not to send Vice Premier Liu He to Washington this week, the Wall Street Journal reported late last week.

by | September 29, 2018 | 18:29

But the buns are now free from calcium propionate, the American cheese used for cheeseburgers no longer contains sorbic acid, and "artificial preservatives including potassium sorbate, sodium benzoate and calcium disodium EDTA" have been pulled from Big Mac " Special Sauce ".

by | September 29, 2018 | 16:13

The Fed said it expects the GDP to fall to 2.5 percent next year, to 2 percent in 2020 and 1.8 percent in 2021. Meanwhile, the Fed's headline inflation projection for 2019 edged down to 2.0 percent from 2.1 percent. All nine members of the Federal Open Market Committee voted in favor of the decision. There are also troubles beyond US borders. Kim Hyo-sun tells us more.

by | September 29, 2018 | 16:13

United Launch Alliance announced Thursday that the major USA military contractor has awarded Blue Origin a competitive contract to supply the engines for its future Vulcan rocket . Blue Origin's win does not come as a huge surprise. In its statement, ULA did not say how many engines it planned to procure or how much money was involved in the deal, which was first reported by the Wall Street Journal .

by | September 29, 2018 | 12:28

And to top it, if rupee depreciates further, every Re 1 fall in its exchange rate against the dollar will add another 65 paisa to pump prices of auto fuels. Up to 100,000 Australians have vowed to boycott petrol stations during October, as they are fed up with paying high prices for petrol . Price of Brent crude, the benchmark for half the world's oil including India's, was hovering around USD 80 per barrel while rupee traded at 72.8112 to a U.S.

by | September 29, 2018 | 03:56

Relations between the Canadian and USA leaders have been chilly since June, when Trump left a Group of Seven summit in Canada and then accused Trudeau of being dishonest and weak. "One of the options which relies, and will remain open to Canada, is to respond in kind much akin to that which we did for steel and aluminum", Leslie says.

by | September 29, 2018 | 02:43

Google announced that it will be allowing advertisements from regulated cryptocurrency exchange sites beginning October, as an update to its financial products and services policy . Ads that violated Facebook's ads policy would be banned not only on the Facebook app, but also "in other places where Facebook sells ads, including Instagram and its ad network, Audience Network, which places ads on third-party apps".

by | September 29, 2018 | 02:12

The live video is scheduled for 6 p.m. local time on Sunday, which is 3 a.m.in San Francisco where Facebook is headquartered. "Scheduled to be live". It is also 6 a.m.in NY and 11 a.m.in the UK. In a post to his 26,000 Facebook followers, he said: "There will still be a lot of people questioning my ability even after I find many bugs and earn a copious amount of bounty, and I shouldn't try to prove myself by toying with Zuck's account".

by | September 28, 2018 | 23:43

In a note to clients on Friday, Barclays' Brian Johnson warned that shares of the Palo Alto, Calif-based auto company could fall by $130, or about half of the stock's value if Musk is forced to leave, as reported by Bloomberg . But, these people say Musk pulled out of the agreement at the last minute. Musk issued a statement via Tesla reacting to the SEC's complaint . Short sellers notched $1.27 billion (973.8 million pounds) Thursday alone in paper profits, and Tesla recently regained ...

by | September 28, 2018 | 20:58

Facebook has since releasing the security update said attackers used APIs to access personal information. The social network said it learned this week of the attack that allowed hackers to steal " access tokens ", the equivalent of digital keys that enable them to access their accounts.

by | September 28, 2018 | 20:24

Musk, 47, is the public face of Tesla and J.P. Morgan analyst Ryan Brinkman questioned how easy it would be for the US$50-billion manufacturer, which is still losing money, to raise funds at affordable rates without him. According to CNBC , Musk could not accept that deal. Over the past 24 hours, Elon Musk has been the subject of heavy public spotlight thanks to a lawsuit that accuses the billionaire of defrauding stockholders with said Tweet .

by | September 28, 2018 | 15:24

Analysts had expected a decrease of 1.3 million barrels. When asked about possibility of buying oil for the USA instead of traditional partner Iran , Ministry of External Affairs spokesperson Raveesh Kumar said that 'can't comment on media reports .' But he added that, 'we are engaged in talks with all countries.' He also said that India has explained its concerns to the US.

by | September 28, 2018 | 02:27

Started building our own auto carriers this weekend to alleviate load. In an earlier interview with Musk , the South African investment mogul said that aside from product placements, the brand relies mostly on the word of mouth for them to make sales.

by | September 27, 2018 | 22:59

The Fed's latest forecast predicts that the unemployment rate , now 3.9 per cent, will reach 3.7 per cent by the end of this year and then 3.5 per cent next year. The Fed raised its expectation for economic growth this year to 3.1% from 2.8%, reflecting strength in the second and current quarters. And growth is expected to decelerate to 2.5 percent next year.

by | September 27, 2018 | 21:25

Relations between the Canadian and US leaders have been chilly since June, when Trump left a Group of Seven summit in Canada and then accused Trudeau of being dishonest and weak . "We talk regularly. I don't think I have advice to give her, but we are sharing our experiences because it's more important than ever that the European Union and Canada are sticking together", she said.