Markets

by | September 29, 2018 | 06:18

Wagner Corporation Director Denis Wagner said the Academy was a team effort. The cost of the school is estimated at AUD$35 million (USD$25.4 million), with most of the funding coming from private sector partners. Airlines are already complaining about a shortage of pilots, with Qantas having to cut back some regional services this year because it was running short.

by | September 28, 2018 | 03:56

The flight departed 21 minutes behind schedule. According to airport operator DAA, 14.7 million passengers travelled through Dublin Airport in the first six months of this year. A passenger told RTÉ News that the man was "quite determined" to make his flight as he ran towards the plane "with his suitcase under his arm". He then "broke through a door and made his way onto the tarmac, trying to flag the aircraft down", the airport said.

by | September 28, 2018 | 02:28

The "two-phase" regulatory approach will require that businesses obtain a retail operating licence and a retail store authorization from the AGCO, according to Ontario Attorney General Caroline Mulroney. "Any engagement with organized crime, any record of providing youth cannabis - any of that would bar you from participating in the private cannabis market", Finance Minister Vic Fedeli said.

by | September 28, 2018 | 03:14

The economy in Gaza is collapsing, suffering from a decade long blockade and a recent drying up of liquidity, with aid flows no longer enough to stimulate growth according to a new World Bank report. An Israeli warplane on Saturday struck the northern Gaza Strip but apparently caused no casualties. The meeting will coincide with the speeches to the assembly of both Palestinian president Mahmud Abbas and Israeli Prime Minister Benjamin.

by | September 28, 2018 | 02:35

According to Mr. Jaeggi, "We're on the verge of some significant volatility in Q4 2018 because depending on the severity and duration of the Iranian sanctions, the market simply does not have an adequate supply response for a 2 million barrel a day disappearance of oil from the markets".

by | September 28, 2018 | 01:56

The all-electric Tesla Model 3 is priced from US$35,000 (RM144,931) in the United States, with a battery range of 354 km. This door-to-door service is called Tesla Direct. A customer took to Twitter asking Musk about the status of a Model 3 (AWD) order placed in June. In the email, the Tesla delivery manager noted that cars will be driven to buyers by a Customer Experience Professional.

by | September 28, 2018 | 00:44

Some incoming Fed members have signaled they may soon favor raising the key lending rate high enough to start to restrict the economy, pushing it above the estimated "neutral" rate. Interest rates have been at record-low levels for almost a decade since the 2008 Financial Crisis. The move reflected an upbeat assessment of the economy that was identical to the central bank's last policy statement eight weeks ago, despite concerns over Trump's escalating trade war .

by | September 27, 2018 | 03:31

A planned Europe-wide Ryanair strike on Friday, which will result in 150 flights being cancelled, could affect flights from Luxembourg. Ryanair has not yet published a full list online of the flights that will be cancelled, but has said that all passengers affected will have been emailed and texted an update today, alongside options for alternative flights if possible, or the option of a refund.

by | September 27, 2018 | 03:32

The peso nearly immediately slumped 2.2 percent against the dollar. "We will experience a big recession", Sergio Berensztein, president and CEO at Berensztein Consultancy Group in Argentina's capital, Buenos Aires, told Al Jazeera. He was deputy finance minister before being named central bank president. The new governor of the central Bank, Guido Sandleris, until now vice-minister of the Economy, is a close relative of Nicolas Dujovne that the International Monetary Fund knows well: it ...

by | September 27, 2018 | 03:18

The increase in basic customs duty on import of these items will come into effect from September 27. Total import bill on account of shipment of these items into the country last fiscal was Rs 86,000 crore, the finance ministry's statement added.

by | September 27, 2018 | 03:43

The anticipated increase in the Fed funds target range to a new band of 2%-2.25% will set the Fed's benchmark rate at its highest level since April 2008. "The real risk of trade wars ", Greene wrote last week, "is a hit to growth, not a boost to inflation". Bring in Peter Hooper, chief economist at Deutsche Bank Securities, said, "The Powell Fed can make history by engineering a soft landing from below".

by | September 27, 2018 | 01:45

Several European diplomats said the SPV idea was to create a barter system, similar to one used by the Soviet Union during the Cold War, to exchange Iranian oil for European goods without money changing hands. That threw a bit of cold water on bullish forecasts issued this week by trading giants Mercuria Energy Group Ltd and Trafigura Group, who said that supply losses could send oil back above $100 a barrel.

by | September 27, 2018 | 02:19

Trump has boasted that the USA economy is performing at record levels while China's is struggling as evidence the United States is winning the dispute. "That's what I think works best ... that's my feeling", said Trump, who is attending the annual United Nations gathering of world leaders. Thomas Rid, a Johns Hopkins cybersecurity expert, said, "I am not aware of any evidence of Chinese interference in the midterm elections".

by | September 27, 2018 | 02:19

Canadian Prime Minister Justin Trudeau on Wednesday said he would not be rushed into renewing NAFTA and indicated it was possible the three member nations might fail to conclude a new pact. "We're going to go ahead with Mexico". "We have always been advocates for balanced and free trade", Hinrichs said. The top US negotiator on Tuesday complained Canada was not making enough concessions in bilateral talks to renew the North American Free Trade Agreement and said time was running out before ...

by | September 26, 2018 | 03:58

Lighthizer, speaking to the Concordia Summit in NY, said there was "some distance" between the United States and Canada on North American Free Trade Agreement issues, including dairy and trade dispute settlement. "With Mexico, we're not going to say "no deal" because of Canada", Lighthizer said. Markets are nervous about the impact on a deal that underpins $1.2 trillion in annual trade.

by | September 26, 2018 | 02:54

On Saturday China called off planned trade talks with USA officials, and there's a growing consensus in Beijing that substantive talks will be possible with the Trump administration only after the United States midterm elections in November, according to people familiar with the matter.

by | September 26, 2018 | 02:53

Instagram Stories , which is one of the many attempts to clone rival Snapchat's disappearing videos feature, is now twice as big as Snap with more than 400 million daily users. That means it has become increasingly dependent on the standalone photo-sharing app for its future. If he's too aggressive in monetizing users and their data, he could alienate consumers and regulators, just as has happened with Facebook's core business.

by | September 26, 2018 | 01:56

Like others in the fashion industry, Michael Kors Holdings Ltd.is trying to fire up sales by going glamorous. Tapestry, once known as Coach, owns Stuart Weitzman and a year ago it acquired Kate Spade. Versace is the latest Made-in-Italy name to be snapped up by a foreign company after Rome-based Fendi, celebrity jeweller Bulgari and cashmere maker Loro Piana were all bought by LVMH .

by | September 26, 2018 | 02:36

Meanwhile, Asia stocks struggled on Tuesday as a fresh round of US-China tariffs and a surge in oil prices to near four-year highs added to worries about risks to global growth, according to a report by news agency Reuters. Aditya Birla Capital, Andhra Cements, Arvind, Asian Granito India, Bank of Baroda, BEML, Can Fin Homes, Central Bank of India, D.B.Corp, Indian Bank, JK Tyre & Industries, Ujjivan Financial Services, Unitech and Zuari Agro Chemicals also featured among stocks that touched ...

by | September 25, 2018 | 06:13

Sirius XM sells subscriptions to hundreds of advertising-free radio channels to listeners in the USA and Canada, which are mostly delivered to auto stereos over satellite connections. It faces intense competition from Spotify , from music services offered by Apple and Amazon, and from Jay-Z's Tidal , which is partly owned by Sprint.

by | September 25, 2018 | 05:25

Thus, The founder of TRON cryptocurrency Justin Sun believes that other financial institutions will follow the lead of PNC and switch to the blockchain systems as they provide them with substantial competitive advantage. Ripple also built a relationship with companies such as Western Union and MoneyGram . Although nearly all markets are in the green today, the dramatic price surge in Ripple buying seems to have prompted by announcements earlier in the week about the xRapid ...

by | September 25, 2018 | 04:24

Kazempour said that he viewed Washington's increased political pressure on Iran and OPEC "something which can not be accepted". Oil prices LCOc1 have been rising since early 2017, when the Organization of the Petroleum Exporting Countries (OPEC) together with other suppliers including Russian Federation started withholding output to lift crude values.

by | September 25, 2018 | 03:45

The reports come as Trump faces mounting pressure from the investigation by Special Counsel Robert Mueller , who is looking into Russia's role in the 2016 presidential election. On Friday, The New York Times published a bombshell report alleging Rosenstein raised the prospect during a meeting with multiple Federal Bureau of Investigation officials of taping President Trump without his knowledge "to expose the chaos consuming the administration".

by | September 24, 2018 | 18:32

The British holiday operator warned that underlying operating profits would be £280m instead of the £323m it expected. "Many customers" had put off booking holidays overseas, instead staying at home in June and July to enjoy the sunshine, it said.

by | September 24, 2018 | 18:07

Sirius XM would give Pandora shareholders 1.44 new shares for every Pandora share they own . Sirius XM Holdings has acquired Pandora in an all-stock transaction valued at approximately $3.5 billion. Pandora, which provides free and paid music streaming, has more than 70 million monthly listeners. "Supporting and strengthening" Pandora's "highly relevant" brand is another (vague) long-term objective, with investments in "content, technology, innovation, and expanded monetization ...

by | September 24, 2018 | 18:22

Despite her father administering two EpiPen injections, the 15-year-old, who had a severe sesame allergy, was pronounced dead hours later at a hospital in Nice. The hearing will also assess the lifesaving measures taken by BA staff on the flight, the training they were given and the equipment they had to deal with allergic reactions.

by | September 24, 2018 | 18:01

Randgold shares were up 4.3 percent at 0901 GMT, making it the biggest gainer in London's wider mining index FTNMX1770. Graham Shuttleworth, finance director and chief financial officer of Randgold, will become senior executive vice president and chief financial officer of the New Barrick Group.

by | September 24, 2018 | 18:46

The legendary fashion house of Versace is about to be sold to a USA company for $2 billion, according to Italy's biggest newspaper, Corierra della Sera . The Versace family still owns 80% of the company. Blackstone also declined comment according to Reuters . Last year, Michael Kors bought Jimmy Choo , the luxury shoemaker founded in London , for nearly £900m.

by | September 24, 2018 | 17:40

Struggling with high crude prices and a weak rupee, Indian refiners are preparing to cut back crude imports. Oil prices were mixed on Friday after falling in the previous session as U.S. UAE Energy Minister Suhail bin Mohammed Faraj Faris Al Mazrouei said as the market is right now in "good condition", the UAE would not overuse its spare production capacity.

by | September 23, 2018 | 06:13

Commenting on the new cargo route network, a spokesperson for the UAE carrier said: "The new freighter network will see the airline increase existing Boeing 777 freighter frequencies into key markets in China and India, adding one weekly rotation each into Shanghai and Chennai".

by | September 23, 2018 | 04:59

Ooni, the makers of home pizza ovens, is looking for a few good pizza lovers for what they're calling "The Best Job in the World". If you're hired, Ooni will send you one of its ovens so you can get right to work. In other words, making pizza, eating pizza, and then talking about the delicious pizza you ate. The company, which started on Kickstarter back in 2012, is hiring pizza taste testers.

by | September 23, 2018 | 05:24

Many were shocked by the design, with some pointing out that it glamorizes something that people who live in poverty have to go through - not by choice, but by necessity. This is bad. Insensitive. She asked, "Who's in the room when you design these?" However, many seem to think the sneakers are "distasteful" and "offensive".

by | September 23, 2018 | 05:27

Passengers are expected to be able to access mobile communications while traveling, thanks to base stations deployed by 3 Hong Kong at West Kowloon terminus and along the rail link. Many of these are spelled out in the Basic Law, including Article 18, which says no Chinese laws, with few exceptions, will apply on Hong Kong soil.

by | September 23, 2018 | 03:21

A lobster restaurant owner in ME is using marijuana smoke to make the deaths of her entrees more humane. A happier animal makes for a better tasting dish, she believes. "It is far more humane to make it a kinder passage ". The suffering of lobsters boiled alive has been a point of contention for animal rights activists for years, with officials in Switzerland banning the practice earlier this year, and a significant number of seafood restaurants around the globe opting to stun the ...

by | September 23, 2018 | 02:36

Some experts are concerned that the ending will be a buzzkill. Just a month ago, Tilray shares were trading at around US$35. It is worth more than Molson Coors, Macy's, Tiffany and casino giants MGM and Wynn. The $629 million ETFMG Alternative Harvest exchange-traded fund owns shares in about 35 companies, including Canadian cannabis growers, a Spanish manufacturer of cigarette papers and the maker of Miracle-Gro fertilizer, according to FactSet.