Economy

by | October 16, 2018 | 13:58

Trump's comments followed a phone call with King Salman in which Trump said he strongly denied any knowledge of what happened to the journalist. It was the first time they had been allowed to enter the building since the journalist's disappearance following disagreements between the two sides over the terms of any search.

by | October 16, 2018 | 12:58

Khashoggi, a USA resident, Washington Post columnist and leading critic of Prince Mohammed, vanished after entering the consulate to get marriage documents. Forensics tests like spraying luminol, a chemical mixture, can expose blood left behind, said Mechthild Prinz, an associate professor at the John Jay College of Criminal Justice who previously worked at the New York City's Office of the Chief Medical Examiner.

by | October 15, 2018 | 01:57

The authorities in Istanbul believe Mr Khashoggi was murdered in the consulate by Saudi agents - claims Riyadh has dismissed as "lies". If the Saudi Arabian government is behind the disappearance of Saudi journalist Jamal Khashoggi , then the United States will inflict " severe punishment ", President Donald Trump vowed in an interview with "60 Minutes" set to air Sunday.

by | October 13, 2018 | 05:25

In 2017, the United States had a deficit with China of $376 billion, excluding services, out of a total goods deficit with the world of $832 billion. In his comments in Bali , Mnuchin did not say what the forthcoming Treasury report, set to come out next week, will conclude about China's currency practices.

by | October 12, 2018 | 04:00

Trump declined to say whom he talked with in the Saudi government. It said that the circumstances around Khashoggi's disappearance "suggests that he could be a victim of a gross violation of internationally-recognised human rights", including torture or killing.

by | October 10, 2018 | 10:57

The IMF concluded a consultative visit last week with a warning that Pakistan needed to quickly secure "significant external financing" to stave off a crisis, though it did not suggest who could supply the money. South Africa, only 0.8 percent this year. The government is seeking to curb spending, while the central bank has raised interest rates to the highest in three years to help shore up confidence in the economy.

by | October 08, 2018 | 12:55

Speculators have built bullish long positions on hopes of further price rise. Iran's exports will fall to 1.1 million b/d in October, Platts Analytics projects. This led some analysts to suggest that the details of the deal were intentionally leaked in order to keep the price of oil from continuing to climb ahead of the November 4 deadline.

by | October 07, 2018 | 13:06

See the chart below. "The involved vehicles were created to enter a failsafe driving mode in response to certain hybrid system faults", Toyota said . To fix the problem, Toyota will update software in the vehicles. The vehicle maker said that it was not aware of any crashes due to the issue in Japan .

by | October 07, 2018 | 12:31

With a similar increase, petrol is now priced at Rs 83.52 and Rs 84.89 per litre in Kolkata and Chennai, respectively. Two days after the Central government provided relief to citizens by announcing reduction of fuel prices all over the country, Petrol and Diesel prices again witnessed a fresh hike in Delhi on Saturday.

by | October 05, 2018 | 13:18

USMCA will open up some of Canada's dairy market to USA farmers. Gaunce says even after 38 years of being a dairy farmer, this deal is now making him rethink his lifestyle. Trump had described Nafta as a bad deal for Americans and threatened to eliminate it as part of his "America First" agenda. The new trade agreement , Trump asserted, would usher in a new dawn for the country's auto industry and transform North America into a manufacturing powerhouse and allow the United ...

by | October 05, 2018 | 08:26

Dairy farmers across NY and Pennsylvania continue to struggle to meet costs. With the new deal, none of the countries that are part of the agrement will be able to import as many parts from overseas, and Robertson says this could make it hard for auto companies to keep consumer prices down.

by | October 04, 2018 | 08:40

He soon found himself in Ottawa, a critical part of a full-court press to get an agreement done before the Sunday midnight deadline imposed by the U.S. Canada had opposed USA demands to weaken or eliminate NAFTA'S dispute resolution mechanism, whose arbitration panels Ottawa used to resolve trade conflicts, and to defend against United States anti-dumping and countervailing duties, notably against its important lumber industry.

by | October 02, 2018 | 20:47

In emails to Tesla staff, Musk said that if the staff could pull through the pressure on Sunday, the company could be close to achieving an "epic victory" on production goals, CNBC reported . In the Chicago suburb of Highland Park, more than 75 people crammed into Tesla's service center and another 50 or so waited outside. In fact, the biggest impact will be the new chairperson of Tesla .

by | October 01, 2018 | 11:41

On dairy the official said Canada essentially gave the US the same access it offered in the Trans Pacific Partnership trade agreement that President Donald Trump rejected. The agreement also comes after the USA and Mexico came to a separate deal that strengthened rules around auto production in August. Trade officials for the three countries have been at it for more than a year.

by | September 26, 2018 | 17:26

One of his key themes, however, was the right of America to pursue its own path in the world. A small grin appeared on his face, and he said: 'I didn't expect that reaction but it's OK'. In a stark turn from his usual agenda, Trump ended his speech by applauding the UN for its diversity, calling it a "beautiful constellation of nations", The Guardian reports.

by | September 25, 2018 | 04:14

Kors has been expanding into high-end brands, buying the luxury shoemaker Jimmy Choo for nearly $1.4 billion previous year. The move is in line with the US brand's ambition to aggregate various luxury brands - including fashion, shoes and accessories - under one larger group.

by | September 24, 2018 | 22:37

But worst of all was the apprehension from within the ABC itself that her faltering relationship with the Federal Government was affecting the ABC's bottom line. Milne said the ABC must now push ahead with its "Jetstream" project, which involves building the digital infrastructure of the future. David Anderson , now director, entertainment and specialist, will serve as acting MD until a new appointment is made in the coming months.

by | September 23, 2018 | 19:00

USA crude inventories fell 2.1 million barrels last week to 394.1 million barrels, the lowest level since February 2015, government data showed. USA light crude oil was up 30 cents at $71.42 a barrel after rising almost 2% on Wednesday. Such technical arguments may inflame passions inside OPEC delegations, but they're drowned out by Trump's Twitter bullhorn, which was blasting loud and clear on Thursday.

by | September 22, 2018 | 14:24

The countries are the world's two largest economies. The OPEC Chief did not specify how crude producers would compensate for declining exports from Iran , with new United States sanctions due to hit the Islamic republic's oil industry on November the 4th.

by | September 21, 2018 | 17:16

It's not on. We can't put up with it". Police in Australia have arrested a "young person" who admitted to putting needles inside strawberries . Home Affairs Minister Peter Dutton told reporters on Wednesday that he was aware of 100 reports, according to Australia's ABC News .

by | September 21, 2018 | 16:14

Oxygen bags deployed from above the seats. He said he and other passengers had since boarded another flight that was about to depart around 11.00 a.m. I saw a passenger sitting next to me bleeding from nose, which was terrifying. The airline told Business Insider in a separate statement that the "5 guests who were referred to a hospital for additional medical check-up accompanied by the Jet Airways' Care team have since been released, post medical examination".

by | September 18, 2018 | 09:28

The IMF said that all likely Brexit scenarios would "entail costs for the United Kingdom economy", but that a disorderly departure could lead to "a significantly worse outcome". Many Brexit supporters say Britain must distance itself from Brussels in order to strike its own trade deals with fast-growing economies around the world.

by | September 17, 2018 | 12:06

NSW Police Force has received reports of strawberries contaminated with sewing needles and pins purchased at supermarkets at Tweed Heads, Taree, and Wingham. The Queensland Strawberry Growers Association believes a disgruntled farm worker may be responsible but police say they are investigating all aspects of the strawberry transit process.

by | September 10, 2018 | 13:01

In the U.S., Delta Airlines said in April that payment-card information for several hundred thousand customers could have been exposed by a malware breach months earlier. Cruz said anyone who lost out financially would be compensated by the airline. He added that no passport data had been obtained in what he called a "very sophisticated, malicious criminal attack".

by | September 05, 2018 | 16:10

The online retail behemoth's stock hit a new high of $2,049.50 per share around 11:30 a.m., Eastern time this morning, momentarily nudging its market cap over the trillion-dollar line. Bezos' stake in Amazon and his other assets are estimated to be worth $166 billion, according to the Bloomberg Billionaires Index . The tech juggernaut isn't alone anymore, however, as Amazon has reached $1 trillion valuation.

by | September 05, 2018 | 15:40

In nearby Connecticut, Jahana Hayes is on track to become that state's first black woman to win a congressional seat if she prevails in November. Boston City Councilor Ayanna Pressley beat a 10-term incumbent yesterday to win the Democratic nomination to run for the US Congress , and she immediately came out swinging at President Donald Trump.

by | September 05, 2018 | 00:00

Amazon is the second corporation to exceed $1 trillion in value after Apple , which crossed the threshold on August 2 . Shares of the e-commerce giant gained about 2% in trading on Tuesday to hit an all-time high of $2,050.27. It first reached $100 on October 23, 2009. Ben Barringer, an equity research analyst at Quilter Cheviot, said Amazon still has a long to way go, which means it could end up bigger then Apple.

by | September 04, 2018 | 17:26

The government will not cut excise duty on petrol and diesel to cushion spiralling prices, which touched fresh highs on Tuesday, as it has limited fiscal space available to take any dent in revenue collections, a top finance ministry official said.

by | September 03, 2018 | 20:45

Trump again took to Twitter on Saturday, reports the Financial Post , this time saying there was no political necessity to include Canada in the trilateral trade agreement and threatening Congress to stay out of the trade negotiations. "I love Canada, but they've taken advantage of our Country for many years!" tweeted the president. "We're encouraged by the open dialogue between the Trump and (Mexican President Enrique) Peña Nieto administrations, working toward a modernized trade ...

by | September 03, 2018 | 19:31

He also said that China will exempt certain African countries from outstanding debts incurred in the form of interest-free Chinese government loans due by the end of 2018. Breaking down the $60 billion China pledged to extend, Xi said $15 billion of those funds would be for aid, interest free and concessional loans, $20 billion would be set aside for as a new credit line, $10 billion for China-Africa development and five billion for imports.

by | September 01, 2018 | 20:02

Over 1 million individual LEGO components went into the build, including over 2,300 individual LEGO Power Functions motors, ganged together to produce enough power to move this 3,300 pound replica. This is also the first-time load-bearing parts were built purely out of LEGO . "Driving the LEGO Chiron was a great experience, which I thoroughly enjoyed".

by | September 01, 2018 | 19:24

Freeland, who later met with Mexican officials on Tuesday evening, said she is due to dig into detailed discussions with Lighthizer on Wednesday. Of the $149 billion worth of auto parts imported into the United States a year ago, 48 percent came from Mexico and Canada, according to the U.S.

by | August 30, 2018 | 17:25

Niti Aayog member and senior economist Bibek Debroy indicated that approximately Rs 1.6 lakh crore - 10% of the demonetised currency - would be extinguished and not come back into the system. "The total SBNs returned from circulation is Rs 15,310.73 billion". These estimates, it has not become clear, were wild guesses: the RBI has indicated that 99.3% of the demonetised currency or roughly Rs 15.31 lakh crore was returned.

by | August 28, 2018 | 13:38

Speaking as he arrived for talks at the U.S. Trade Representative's office, Guajardo said the negotiators would need at least a week to work with Canada , the third country in the trilateral trade pact, pushing any possible final deal into at least September.

by | August 24, 2018 | 05:11

Mr. Turnbull narrowly survived a vote against a senior government colleague on Tuesday, but is now likely to face a second leadership challenge, reports the BBC. Scott Morrison , Julie Bishop and Peter Dutton are the contenders for the Liberal leadership. The poll shows Ms Bishop as preferred PM over Mr Shorten 64 per cent to 36 per cent.

by | August 24, 2018 | 04:13

Iran, a member of the Organization of the Petroleum Exporting Countries (OPEC) and OPEC's third-largest oil producer, said earlier this week no other OPEC member should be allowed to take over its share of oil exports. All those questions will be on the lips of the world's top central bankers when they gather tonight for the annual two-day Jackson Hole symposium hosted by the Federal Reserve Bank of Kansas City in the crisp mountain air of Wyoming.

by | August 21, 2018 | 11:59

Active across several continents, Sodastream makes a machine and refillable cylinders which allows domestic users to make their own carbonated drinks, which is increasingly seen as a healthier alternative to the sugary drinks popular for decades.

by | August 20, 2018 | 21:13

The SEC was created in 1934 in the midst of the Great Depression and requires publicly-traded companies to issue quarterly and annual earnings reports to keep the public informed on their operations and financial condition. "In the end, all companies have to balance short-term and long-term performance". The SEC has been reluctant to make any changes in quarterly financial reporting, which has always been a cornerstone of USA capital markets.

by | August 20, 2018 | 20:14

Investors must have gotten unnerved. The stock closed down 9% on Friday, and it's down 21% since the day Musk tweeted he had secured funding for a private takeover of Tesla . To reach those goals, Musk told the NYT he'd recently been working up to 120 hours a week, and the report noted he "alternated between tears and laughter", in the interview.

by | August 17, 2018 | 17:58

On Wednesday, Turkey rejected pastor Andrew Craig Brunson's appeal to be released from custody, and slapped additional tariffs on US imports. Turkey's lira fell once again after the trade minister, Ruhsar Pekcan, said Friday that her government would respond to any new trade duties, which U.S.