Markets

by | September 23, 2018 | 02:22

In the Bush administration and during the Obama administration until the 2015 nuclear deal with Iran , some USA allies, including Japan, South Korea and India , were given waivers from sanctions related to Iranian oil imports. During Iran President Hassan Rouhani's visit to India in February 2018, he and India's Prime Minister Narendra Modi signed memoranda outlining future expanded energy cooperation, the report added.

by | September 22, 2018 | 04:31

Speaking at an event in Hangzhou, China, Alibaba co-founder Jack Ma said the company would set up a dedicated chip subsidiary to build chips designed for autonomous driving, smart cities, and logistics. The comment, made in an interview with Chinese media outlet Xinhua , comes two days after Trump announced a fresh set of tariffs on $US200 billion worth of Chinese goods.

by | September 22, 2018 | 03:39

NYMEX crude is hovering at $70 per barrel, with a gain of almost 18 percent this year, while Brent, which measures the global market, nears the $80 per barrel mark, up almost 19 percent this year. Two of OPEC's founding members, Iran and Venezuela, are under sanctions from Washington. It comes after the development of fracking led to a boom in shale oil production while massively reducing drilling costs.The figures are based on preliminary estimates published by the US Energy Information ...

by | September 22, 2018 | 01:44

Walmart said the tariff would impact prices of everything from food products to beverages and personal care items. His comments appear to address claims that China is using its currency as a tool in the trade war with the USA and come after the Trump administration announced it would impose new tariffs on $200bn worth of Chinese goods.

by | September 21, 2018 | 03:10

The internet giant is considering plans to have about 10 locations open by the end of this year, about 50 locations in major metro areas in 2019, and then as many as 3,000 by 2021, said the people, who requested anonymity discussing internal plans.

by | September 21, 2018 | 01:35

Tusk held open the prospect of an "extraordinary summit" in November to formalise the deal. May was also set an October deadline for a solution on the Irish border issue just hours after informing Leo Varadkar, the Irish taoiseach, in a private breakfast meeting that she felt it would be impossible to come to a compromise within such a timescale.

by | September 20, 2018 | 02:29

However, before the landing, the aircraft's "radio altimeters" failed which in turn rendered TCAS (Collision Avoidance System) and ILS ( Instrument Landing System ) non-functional. The low fuel meant the crew could not wait for the weather to clear up. "Gotcha. Okay I am gonna do some research I will get back to you in a second just a".

by | September 20, 2018 | 02:24

The research firm has attributed the revision to an accounting change by Amazon as well as increased demand. Sellers-cum-advertisers benefit from sale of goods through right placement, while Amazon benefits twice - it earns revenue for displaying (and from click-through on) the ads, as well as a commission on each sale.

by | September 20, 2018 | 01:01

But the Democratic Unionist Party, which props up Mrs May's minority administration in Parliament, dismissed Mr Barnier's proposals as unpalatable, because they would involve a customs border between Northern Ireland and the rest of the UK.

by | September 20, 2018 | 00:40

As Florence was bearing down on the Carolinas last week, Trump reignited the controversy over his handling of Maria by disputing the official death toll of 2,975 in the United States territory, which was compiled by public health experts at George Washington University.

by | September 20, 2018 | 02:05

Shockingly, the airline was only made aware of the mistake after travellers contacted them after spotting it at Hong Kong International Airport, the BBC reports . Vimal Rai posted: "Great that you can have a laugh about this in public". A spokesperson for Cathay Pacific told CNN Travel : "We did not intend to make it a big fuss in the first place, but photos went viral within the aviation enthusiastic groups, so we just shared the hilarious moment with everyone".

by | September 19, 2018 | 05:28

But with large numbers of Tory hard Brexiteers openly rejecting the Chequers plan, Liberal Democrat leader Sir Vince Cable said the scene was set for a second referendum. The Migration Advisory Committee report , which was commissioned in July 2017, is likely to inform the contents of the government's immigration white paper - something that will in turn heavily influence the UK's negotiation strategy with the EU.

by | September 19, 2018 | 05:33

This will create the country's third-largest bank, and capital support will be provided to the merged entity by the government. Last year, top lender State Bank of India was also merged with five of its subsidiary banks. Besides, Kumar said, Provision Coverage Ratio (PCR) would be better at 67.5 percent against average of 63.7 percent and cost to income ratio of the combined entity would come down to 48.94 percent as compared to average of 53.92 percent.

by | September 19, 2018 | 03:29

McDonald's workers across the USA are planning to walk out during lunchtime Tuesday in an effort to push the company to take a firmer stance against sexual harassment in the workplace. from the roster of those counseling the fast-food chain on its sexual harassment policy. "They could do a way better job". Adrianna Alvarez, who has worked for McDonald's in Chicago for nine years, says the problem is "nationwide, worldwide".

by | September 19, 2018 | 02:24

The revised list reflects the lobbying efforts various industries made to try and protect their products, ranging from technology giant Apple to Lighting Technologies International, a medium-sized California company that uses rare earth elements to make xenon lamps for digital cinema projectors.

by | September 19, 2018 | 01:43

On Tuesday, China vowed to impose "counter-measures" in response to the new tariffs. US stock markets opened higher and the Nasdaq index was up 1 over 1 percent by mid-morning. While Trump wants United States companies to shift their manufacturing from China and elsewhere to the U.S., not only would that make the USA companies higher cost and less competitive in worldwide markets but it could take years to build the manufacturing plants or re-engineer supply chains.

by | September 19, 2018 | 02:33

What is on the new list? They officials told reporters the lower initial tariff rate would give U.S. businesses time to find new suppliers. Canada and Mexico , members of the North American Free Trade Agreement (NAFTA) with the U.S., have imposed their own counter-tariffs on United States goods after Washington's steel and aluminum duties took effect.

by | September 18, 2018 | 02:27

In a statement , Coca-Cola said it is monitoring the industry and is interested in developing new drinks infused with CBD or cannabidiol - the non-psychoactive ingredient found in cannabis plants which alleviates pain but does not make people high.

by | September 18, 2018 | 02:21

One man was taken to hospital after eating a strawberry that held a needle. Police in Queensland believe the discovery of a "thin metal object" in a supermarket strawberry basket last week was likely a copycat incident. These include Donnybrook strawberries and those sold by the Woolworths Group under the Berry Obsession and Berry Licious names. Queensland Strawberry Growers Association vice president Adrian Schultz said the act of "commercial terrorism" has severely hurt the ...

by | September 17, 2018 | 03:56

Chairman Tim Martin said the current financial year had been "reasonable", with 5.5% growth in like-for-like sales in the six weeks to September 9. Mr Martin said demand for alcoholic drinks has fallen "about 20pc" over the last 15 to 20 years.

by | September 17, 2018 | 04:49

The Brunswick plant is near Cape Fear and just south of Wilmington, North Carolina . Based on forecasts, we anticipate the plant site will experience sustained hurricane force winds and, per our procedures, operators are systematically shutting down both units.

by | September 17, 2018 | 03:26

The brands are: The Berry Obsession , Berry Licious , Donnybrook Berries , Love Berry , Delightful Strawberries and Oasis . Initially three incidents in Queensland had been reported to police on Thursday. Speaking at a press conference yesterday afternoon, Queensland Acting Chief Superintendent Terry Lawrence said there was no evidence the sabotage came from a disgruntled employee.

by | September 17, 2018 | 04:22

The BoE declined to comment on the report when contacted by Reuters . However, the Bank has raised its forecast for United Kingdom economic growth in the third quarter from 0.4% to 0.5%, partly due to stronger consumer spending over the unusually warm summer.

by | September 16, 2018 | 07:18

Predictably, Trump did not take these comments lying down. At a NY event Wednesday morning, Dimon had claimed he could beat Trump in a presidential election, "because I'm as tough as he is, I'm smarter than he is". But the JPMorgan executive later issued a statement saying that he isn't running for president . Proves I wouldn't make a good politician. Curiously, Dimon was a member of the strategy and policy group of Trump before disbanding and has praised his tax cuts when the president ...

by | September 16, 2018 | 06:28

He says there is no link between the Donnybrook berry contamination and the Berry Obsession and Berry Licious cases. One man has been taken to hospital after swallowing fragments and a nine-year-old boy reportedly found a needle while eating a strawberry , but did not swallow it.

by | September 16, 2018 | 06:12

Oil markets are also watching Hurricane Florence offshore the United States, amid surging demand for gasoline and diesel, although crude output will not be affected on the storm's current route, according to CNBC . Gordon Gray, HSBC's global head of oil and gas equity research, told CNBC: "While we aren't explicitly forecasting Brent to rise to $100 a barrel, we see real risks of this happening".

by | September 16, 2018 | 03:40

The U.S. government is preparing to conduct the first nationwide test of a feature created to help the president reach the public during emergencies by sending warnings relayed through the country's largest wireless network providers to mobile phones within range.

by | September 16, 2018 | 02:34

There had been indications from Turkey's central bank that it would raise rates, after inflation came in at almost 18% in August, according to official data. It had fallen 3 per cent after President Erdogan had called for rate cuts rather than rate hikes and then surged to be 3 per cent up on the day when those calls were spectacularly ignored.

by | September 15, 2018 | 04:00

The fund will also launch a network of "full scholarship" preschools based in underserved communities. "It's hard to remember for you guys, but for me it's like yesterday I was driving the packages to the post office myself, and hoping one day we could afford a forklift", Bezos said.

by | September 15, 2018 | 03:34

Even so, the weak wage growth has so far not been a deterrent to economy-wide spending as the unemployment rate has steadily fallen. The rustbelt state of South Australia shed the most positions, down 8,400; unemployment rose the most in the mining hub of Western Australia , to 6.4 per cent from 6 per cent.

by | September 15, 2018 | 00:24

He said last week that he has an order ready to impose tariffs on another $200 billion in Chinese goods, and then another order ready that would impose tariffs on every product shipped from China to the United States if Beijing doesn't agree to USA demands.

by | September 14, 2018 | 05:44

One researcher at Taiwan's Chung-Hua Institution for Economic Research, Roy Chun Lee says that "the historical example of the U.S. -Japan economic conflict suggests that the U.S". administration runs the risk of a downward spiral of attack and counterattack, benefiting no one", Zarit said in statement . Envoys from the two countries last met August 22 in Washington but reported no progress.

by | September 14, 2018 | 04:38

The lira has lost more than 40 per cent of its value this year amid a diplomatic spat with the USA and signs of an overheating economy. The monetary policy committee of the bank said the one-week repo rate was being lifted to 24 percent from 17.75 percent, the first rate hike since June.

by | September 14, 2018 | 03:28

US crude stocks fell 5.3 million barrels in the week to September 7 to 396.2 million barrels, the lowest since February 2015 and about 3 percent below the five-year average for this time of year, the US Energy Information Administration (EIA) said on Wednesday.

by | September 13, 2018 | 04:07

Opposition to Theresa May's Chequers plan, which Leave supporters believe would keep the United Kingdom too closely tied to the European Union , has grown over the summer recess, and backbenchers have warned that up to 80 Tory MPs would reject the deal in parliament.