Money

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.

by | October 11, 2018 | 10:01

U.S. President Donald Trump said that Wednesday's stock market sell-off was in fact a long-awaited "correction", and that the Federal Reserve, which has been raising U.S. The steep drop in Japan followed a decline on Wall Street of almost 830 points, the biggest fall since February, amid Trump's latest criticism of the Federal Reserve, the United States central bank.

by | October 11, 2018 | 06:44

Sears' borrowings totaled $5 billion as of August 4. The company is in talks for financing that would fund operations through bankruptcy, said the person, who asked not to be identified because the discussions are private. Lampert and his hedge fund own about 50 percent of Sears. Where we were: Sears's struggles are nothing new, and have been an overhang for some real estate owners.

by | October 11, 2018 | 05:28

When all the dust settled after a brutal session, the Dow Jones Industrial Average had lost 3.2 per cent or 830 points to finish at 25,498.74, in the biggest fall since February. For example, a yield rise in a month of one standard deviation or less, which would be 20 basis points now, is manageable for stocks, Goldman said in a note last week.

by | October 11, 2018 | 00:46

The Surface Pro 6, on the other hand, is powered by the omnipresent Windows 10, and that means you have access to all the power tools and productivity apps you can ever want. But if you are willing to accept that proposition, it is less obnoxious than the alternatives. Google Chromecast 3: What's new? And it is pushing its cable-cutting YouTubeTV service, which costs $40 a month but which you now get for free for six months when you buy a Hub (a value that is more than the actual cost of ...

by | October 10, 2018 | 20:57

Brent crude oil prices fell more than 1 percent on Monday after Washington said it may grant waivers to sanctions against Iran's oil exports next month, and as Saudi Arabia was said to be replacing any potential shortfall from Iran. It further added that this is the longest streak of weekly cuts since October past year. UCO Bank had in the previous round of sanctions handled rupee payments.

by | October 10, 2018 | 08:53

The country's largest privately owned crude terminal, the Louisiana Offshore Oil Port LLC, said late on Tuesday it had halted operations at its marine terminal. As reported , Indian Oil Corp will lift six million barrels of Iranian oil while Mangalore Refinery and Petrochemicals Ltd ships in three million barrels.

by | October 10, 2018 | 07:41

Analysts say Pakistan needs a loan of around $12 billion to turn the corner, but a diplomat told AFP in August that Islamabad is betting on a loan of at least $6.5 billion to get it through the crisis. The government has deep problems to fix. According to the report, total nonfinancial sector debt in jurisdictions with systemically important financial sectors has grown from Dollars 113 trillion (more than 200 per cent of their combined GDP) in 2008 to USD 167 trillion (close to 250 per ...

by | October 09, 2018 | 16:28

Amazon says it is "untrue" that it knew of "servers containing malicious chips or modifications in data centres based in China", or that it "worked with the FBI to investigate or provide data about malicious hardware". Britain's national cyber security agency said on Friday it had no reason to doubt the assessments made by Apple Inc and Amazon.com Inc challenging a Bloomberg report that their systems contained malicious computer chips inserted by Chinese intelligence services.

by | October 09, 2018 | 11:55

The bulk of spare capacity is held by Saudi Arabia. Trump announced in May that Washington was pulling out of the nuclear agreement, officially known as the Joint Comprehensive Plan of Action (JCPOA), which lifted nuclear-related sanctions against Tehran in exchange for restrictions on Tehran's nuclear program.

by | October 09, 2018 | 02:31

A hurricane watch is now posted for the northeast Gulf Coast from the Alabama/Florida border to Suwanee River, Florida. Michael could strengthen into a major hurricane with winds topping 111 miles per hour (178 kph) by Tuesday night before an expected strike Wednesday on the Panhandle or Big Bend, according to the National Hurricane Center .

by | October 08, 2018 | 16:53

White House officials had said over the summer they would push to bring Iranian crude exports "down to zero" and would be unlikely to grant any waiver exemptions, including to allies such as India and South Korea, two of Iran's largest oil customers.

by | October 08, 2018 | 07:40

On Wednesday, the global benchmark hit a late 2014 high of $86.74. Saudi Arabia could unilaterally increase production to offset Iranian crude. However, some analysts doubt that 12 million barrels a day can be reached quickly, or maintained for an extended period.

by | October 08, 2018 | 05:15

The company has not released a list of store closings but several Jacksonville locations fit Stagner's description of stores that are in close proximity to each other. The retailer, which said it will continue to serve customers as usual at stores and online during the process, has also received $775 million to fund ongoing operations and repay debt and costs associated with the restructuring.

by | October 07, 2018 | 20:42

Within healthcare, hospitals showed the most employment growth last month, adding 3,800 more jobs than the 8,200 added in August . The Fed last month raised its benchmark interest rate for the third time this year. Canada's construction employment in September shot up by +28,000 jobs, but the monthly average for this year has been "no change". According to the department, total nonfarm payroll employment increased by 134,000 and job gains mainly occurred in professional and business ...

by | October 07, 2018 | 17:35

The Reserve Bank of India ( RBI ) surprised the markets Friday by keeping its key policy rate - the repo rate - unchanged after two back-to-back hikes while indicating that it could raise interest rates down the line, a stance which led to a sell-off in stocks even as the rupee weakened further.

by | October 07, 2018 | 12:28

Due to those uncertainties, the market is now very nervous and emotional, and traders and other market participants could continue to make decisions based on those uncertainties and push prices higher, he said. The contract is on course for a gain of around 2.5 percent for the week. Total volume traded was about 13% above the 100-day average. WTI's weekly gain was about 1.3 per cent; Brent's was around 1.4 per cent.

by | October 06, 2018 | 10:26

But. Overall Price Can Be Reduced By Rs 5 Per Litre. . The decision was taken at an inter-ministerial meeting of the finance and the petroleum ministries. Both petrol and diesel were settled at Rs 88.97 a litre and Rs 81.99 a litre respectively. This means that petrol will continue to be expensive in Delhi.

by | October 06, 2018 | 10:22

It fell from 3.9 per cent in August to 3.7 per cent in September, the lowest since December 1969, the Department of Labor's employment situation report showed today. Over the last three months, job gains have averaged 190,000 per month. The yield on the government's 10-year Treasury note, a benchmark for mortgages and other loans, has touched its highest level in seven years.

by | October 06, 2018 | 00:02

But she did her best to appear relaxed as she sashayed on to the stage to Abba hit Dancing Queen and joked about the coughing fit and collapsing stage backdrop which marred her calamitous conference speech in Manchester past year. But unease in the party over her Brexit plan - agreed at Chequers in July - was illustrated by backbencher James Duddridge , who told the BBC's Today programme the PM was "not listening".

by | October 05, 2018 | 23:07

All in the past two weeks. But Heyman said Trump's attacks against America's closet ally will cause lingering damage to the relationship. Canada is one of the most trade-dependent countries in the world and Trump's talk of ripping up that deal and imposing a 25 percent tariff on the auto sector posed a serious economic threat.

by | October 05, 2018 | 20:43

In a blatant attempt to invert the script on election "meddling" and interference, Vice President Mike Pence on Thursday accused the Chinese government of seeking to undermine US democracy and charged, without evidence, that Beijing is acting malevolently because "China wants a different American president".

by | October 05, 2018 | 18:43

The luxury automaker, which a year ago made its first profit since 2010 and has gone bankrupt seven times, had priced its shares at 19 pounds each, giving it a market capitalization of 4.33 billion pounds ($5.63 billion). Aston claims that it is on track to produce between 6200 and 6400 cars in 2018, with up to 65 percent of those being produced in the latter half of the year.

by | October 05, 2018 | 17:29

Toyota says that it was unaware of any accidents caused by the fault. All those affected were produced between October 2008 and November 2014. Dealership technicians will apply a software patch to the recalled vehicles, which should clean the problem up and ensure that "limp" mode activates when it should.

by | October 05, 2018 | 12:17

Over half an hour, Mr Pence condemned China's growing control at home and overseas, citing examples of religious oppression, human rights abuses, visa delays and denials for scholars, and even intimidation campaigns against Chinese students in the US.

by | October 05, 2018 | 08:41

China hit back furiously on Friday, branding Pence's accusation "ridiculous". Vice President Mike Pence is accusing China of trying to undermine President Donald Trump as the administration deploys tough new rhetoric over Chinese trade, economic and foreign policies.

by | October 04, 2018 | 22:07

It will be the fourth trip by Pompeo to the long-time U.S. pariah amid American hopes of reaching an agreement to end North Korea's nuclear and ballistic missile programmes. A commentary on North Korea's official KCNA news agency this week, however, said the declaration should have been resolved half a century ago and it could never be a bargaining chip to persuade it to denuclearize.