Markets

by | October 17, 2018 | 15:10

While Claire's now has more than 350 United Kingdom outlets, a debt agreement might see it close a significant number of its existing branches. Claire's is considering a raft of British store closures. This comes after Claire's United States parent company emerged from chapter 11 bankruptcy protection. Investment funds Elliott Management and Monarch have seized control of the USA arm through the painful restructuring.

by | October 16, 2018 | 05:34

Prior to taking this position, he served as president and chief operating officer at Goldman Sachs for over ten years. According to information on its website, Spring Labs is building a "decentralized network for identity and credit to serve as the foundation for a more transparent, secure, and efficient delivery of financial services".

by | October 16, 2018 | 05:19

He too had been scheduled to speak. Saudi officials say Khashoggi left the building unharmed. "As of this moment they deny it, and they deny it vehemently". "He (Trump) will take action". But then, if they cared about such realities, the US would have cut off support to the Saudi war in Yemen years ago. Khashoggi, a prominent Saudi journalist, disappeared after entering the kingdom's consulate in Istanbul on October 2.

by | October 16, 2018 | 02:48

Of course, Allen spent a lot that money on philanthropic causes. But the true impact of his vision and generosity is evident around the globe. "Today we mourn our boss, mentor and friend whose 65 years were too short - and acknowledge the honor it has been to work alongside someone whose life transformed the world".

by | October 16, 2018 | 03:42

The company said the Sears retail sales channel accounts for about 10 percent of its major appliance revenue in North America and warned that the bankruptcy may have a "material impact" on future sales and earnings. Sears sold the 120,000-square-foot building a year ago to Northwood Investors, a Denver-based real estate firm, for $55 million. Edward Lampert, chairman of Sears Holdings, said the insolvency filing would give the company the "flexibility to strengthen its balance sheet" ...

by | October 15, 2018 | 14:06

The group also pointed to the turbulent retail environment, noting "well-publicised challenges" faced by some of its trading partners. Foreign exchange hedging mechanisms did not provide the expected degree of protection, the company said, which will add an additional £8m of foreign exchange costs to the balance sheet.

by | October 15, 2018 | 12:59

They said there must be a credible investigation to establish the truth and "if relevant" identify those responsible for Khashoggi's disappearance. A Saudi official source quoted by SPA news agency said it was "a positive move" Turkey had agreed to the creation of what it described as a "joint action team" over Khashoggi's disappearance.

by | October 15, 2018 | 10:45

The company said it has arranged $300 million in debtor-in-possession financing, which will allow it to continue operating the business and paying employees while it tries to restructure around a smaller group of stores. Sears and Kmart stores and their online and mobile platforms will remain open for business, according to a company statement. At the start of August, there were 866 Sears and Kmart stores.

by | October 15, 2018 | 11:37

Rabb's surprise trip to Brussels spurred speculation of a breakthrough in the negotiations, a possibility reinforced by the call for the ambassadors from the bloc's 27 nations to meet at European Union headquarters, starting at 12:30 p.m.

by | October 15, 2018 | 10:28

She is semi-conscious but had sustained severe injuries. The aircraft struck a 1.5 metre high wall and hit a small tower at Tiruchirappalli International Airport in Tamil Nadu, India, the Times of India reported . She has been admitted to Nanavati Hospital. Air India advised that they had referred the incident to the Indian civil aviation authority, the Directorate General of Civil Aviation (DGCA).

by | October 15, 2018 | 10:35

In a statement on Sunday , the kingdom said it rejected any threats of economic sanctions or political pressure and would retaliate accordingly. Kudlow told ABC's This Week that Mnuchin would "make up his mind as the week progresses and as new information surfaces" .

by | October 14, 2018 | 04:41

The world's longest commercial airplane flight took off this week, connecting Newark and Singapore via 19 no-cattle-class hours in Singapore Airlines' brand-new Airbus A350-900 Ultra Long Range plane . Lightweight composites including carbon fiber make up the bulk of the A350-900ULR, while new wing tips help reduce drag, Airbus says. The first flight, which covered 16,700 kilometres, had 150 passengers and 17 crew on board.

by | October 14, 2018 | 05:08

The jackpot is the third-largest in the game's history and the odds of winning are 302,000,000 to one. Mega Millions' record haul was a $656 million jackpot shared by people in three states in 2012. The biggest prize won on a single ticket was for $543 million. The current Powerball jackpot has ballooned to $314 million. The Mega Millions jackpot is approaching $470 million.

by | October 13, 2018 | 20:49

The European Union's chief negotiator Michel Barnier briefed top EU officials behind closed doors at a regular meeting of the College of Commissioners, which also heard European Commission secretary-general Martin Selmayr warn of the need to be prepared for "all outcomes" from Brexit .

by | October 13, 2018 | 21:01

For 15 million, they obtained names, phone numbers, and email addresses, if present in their profiles. Until then, Facebook also launched a Help Center page where everyone can go and see if they're one of the 30 million unlucky users who had their token stolen.

by | October 13, 2018 | 21:21

Elon Musk's tweets may have mocked the Securities and Exchange Commission , but his court filings are serious about settling the fraud charges that the SEC had lodged against him. Silicon Valley-based Musk created the electric carmaker and aerospace company SpaceX, which has been launching space rockets in an attempt to win commercial space transportation business in future - and realising Musk's talk of colonising Mars.

by | October 13, 2018 | 20:02

U.S. presidents have rarely criticised the Fed in recent decades because its independence has been seen as important for economic stability. One of the reasons for the meltdown in US equities is uncertainty about hiking the US Federal Reserve rates.

by | October 12, 2018 | 03:06

Longtime diplomat Aaron David Miller, who has negotiated Middle East policy on behalf of multiple administrations, tweeted following Khashoggi's death: 'If Saudis were involved in Jamal's death or disappearance, that's obviously on them.

by | October 12, 2018 | 03:58

The 27 European Union states will get an update on the negotiations at a meeting of national ambassadors, without Britain, on Friday evening. Can all three ever be satisfied with the terms of a Brexit deal? "I'm sure they too will be persuaded the alternatives - of no deal or potentially a Corbyn government - would not be of benefit to them or Northern Ireland", he said.

by | October 12, 2018 | 03:36

FILE PHOTO: Flags fly above the Federal Reserve building in Washington, DC, U.S., August 22, 2018. Even so, the market tumble may capture the tone of the Bali talks, where policy makers are increasingly focused on the risks to global growth amid escalating trade tensions and the Fed's embrace of higher interest rates.

by | October 12, 2018 | 02:48

Oil prices fell on Tuesday [October 10, 2018] following the IMF's downward review of the global economic growth forecasts. Again, U.S. West Texas Intermediate (WTI) crude was down by 41 cents, also about half a percent, to 74.55 dollars a barrel, after rising almost 1 percent in the previous session.

by | October 12, 2018 | 03:15

The cuts represent 718,877 barrels per day of oil production. Oil prices , which account for about 80 percent of Saudi public income, have increased by more than 70 percent since June past year to over $80 a barrel. "But if they don't have the barrels, they don't have the barrels". As the Iran sanctions still on the table and looming large, potential spare capacity constraints and also slowdown in U.S.

by | October 12, 2018 | 02:33

The Dow Jones fell by more than 500 points, a drop of nearly 2pc, while the wider S&P 500 index fell for a fifth day straight, its worst run in nearly two years. Tech stocks, hit hard Wednesday, crept back into positive territory Thursday morning. Barclays is particularly concerned about a choppy earnings season for tech companies.

by | October 12, 2018 | 02:47

And, overall, it may help to put public wealth to work at the service of societies' economic and social goals. It said that the composition of spending and revenues should be growth friendly and protect the most vulnerable. Thor Equities CEO Joe Sitt on the increasing USA trade tensions with China. Milesi Ferretti, Deputy Director Research said while presenting the report.

by | October 11, 2018 | 04:41

White House Press Secretary Sarah Sanders said in a statement following the close of markets that the USA economy is "incredibly strong" despite the selloff, which analysts attributed in part to trade tensions with China. "But I really disagree with what the Fed is doing, okay?" He frequently celebrates publicly when the stock market reaches new highs, pointing to the gains as affirmation for his economic policies.

by | October 11, 2018 | 04:11

He writes that Sears occupies a significant amount of space, but that about three-quarters of its stores are outside the U.S.'s Top 50 markets, so while many landlords rent space to the retailer, that exposure is relatively small. The boutique advisory firm, New-York based M-III Partners, has spent the past few weeks working on the filing, the Journal reported. That kind of loan is used by companies that file for bankruptcy to fund operations during the process.

by | October 11, 2018 | 02:35

The communications services, .SPLRCL, consumer discretionary.SPLRCD, energy.SPNY and industrial SPLRCI sectors all showed declines of more than 3 percent. It was at just 3.05% early last week and 2.82% in late August. Amazon skidded 4.8 percent to $1,781.21. Oil prices fell more than two percent as US stocks plunged, even though energy traders anxious about shrinking supply from Iran due to US sanctions and kept an eye on Hurricane Michael, which closed almost 40 percent of US Gulf of ...

by | October 11, 2018 | 02:28

It was now predicting 3.7 percent global growth in both 2018 and 2019, down from its July forecast of 3.9 percent growth for both years. "The continent could do much better once these economies are on a more solid footing, particularly South Africa and Nigeria, because they are really large and affect a number of countries in their neighbourhood".

by | October 11, 2018 | 01:33

Trump has shown little inclination to back off, and relations between the two countries have cooled, suggesting the trade war could worsen. In March, the PBOC raised short- and medium-term rates right after a Fed hike, while in June China's central bank stood pat after a USA increase.

by | October 10, 2018 | 02:32

International Olympic Committee and ONGC's refining subsidiary MRPL, (Mangalore Refinery and Petrochemicals Ltd) have placed an order for 1.25 million tonnes of Iranian crude. Saudi Arabia said last week it plans to raise production in November from October output of 10.7 million barrels per day (bpd), indicating Riyadh will be boosting its supply to the highest ever level.

by | October 09, 2018 | 02:38

If you see some of your friends are already friends with fake you, ping them privately and let them know they've been duped. However, Snopes advises those who think their account has actually been hacked to send a separate private message to their friends.

by | October 09, 2018 | 02:08

He also threatened to sue Juncker for damages, accusing the him of pushing up Rome's cost of borrowing for likening Italy to Greece after it announced plans to triple its budget deficit. And European Commission president Jean-Claude Juncker today said to Austrian newspapers Der Standard , Kurier and Der Falter that the EU would propose changes if necessary.

by | October 09, 2018 | 01:15

A gas flare on an oil production platform in the Soroush oilfields is seen alongside an Iranian flag in Iran, July 25, 2005. Iran was exporting between 2.5 and 2.7 million bpd in April before the U.S. The official said the administration "is ready to work with countries that reduce their imports on a case-by-case basis". India would lift 9 million barrels of Iranian oil in November, equivalent to about 300,0000 barrels per day (bpd), compared to an average of about 658,000 bpd from April ...

by | October 09, 2018 | 02:17

The prize is awarded in memory of Alfred Nobel. The academy said Nordhaus was honoured for "integrating climate change into long-run macroeconomic analysis" and Romer for "integrating technological innovations into long-run macro-economic analysis".

by | October 08, 2018 | 02:46

By Lalit K Jha (Eds: Updating with background) Washington , Oct 5 (PTI) The US is going extra lengths to find substitute for Iranian oil for countries like India and Iraq, the White House has said, as the Trump administration prepares to impose sanctions on nations defying its directive to bring their oil imports from the Gulf nation to zero by November 4.