Markets

by | January 25, 2019 | 17:54

The buyer is billionaire Ken Griffin , founder of the hedge fund Citadel . While his property spending is reaching new highs, Ken Griffin also invests heavily in art works. The Alexander Team at Douglas Elliman represented Griffin in the sale and the Corcoran Group represented Vornado Realty Trust, VNO the building's developer.

by | January 25, 2019 | 16:50

The focus was also on enhancing ease of doing business, simplifying procedures for setting up businesses and undertaking investment. NDTV meanwhile reported that Pakistan has opened talks with the International Monetary Fund and although there has so far been no agreement on the terms of what would be its 13th bailout since the 1980s, Khan's government has pledged reforms to bring down its current account deficit, which the International Monetary Fund expects to reach 5.3 percent of GDP this ...

by | January 25, 2019 | 16:21

Citing a source familiar with the situation, CNBC said the us side called off the meeting. A White House spokesperson, however, told The Epoch Times that there was no meeting with the Chinese officials formally scheduled for this week, and, hence, denied rumors that the White House canceled a meeting.

by | January 25, 2019 | 17:22

Ghosn , who held the roles of chairman and CEO until his resignation this week, was arrested in Japan last November over allegations of financial impropriety. With a ready smile and elegant attire, Senard has successfully negotiated sensitive labour agreements with trade union leaders in Michelin's French factories to preserve jobs in the face of cheaper imported Asian products.

by | January 25, 2019 | 16:17

Xilinx Inc shares surged 17.5 per cent and Lam Research Corp jumped 14.6 per cent after reporting better-than-expected results. Texas Instruments Inc, while posting better-than-expected profit, disappointed on revenue. The VanEck Vectors Semiconductor ETF (SMH), which tracks chip stocks, rose 5.8 percent to notch its biggest one-day gain since March 23, 2009. Of the 97 S&P 500 companies that have reported fourth-quarter results, 75.3 per cent have topped profit estimates, according to ...

by | January 25, 2019 | 15:58

Since 2001, the data shows Sydney's affordability issues have worsened significantly, with the city more than doubling its median multiple in this time. United Kingdom lawmakers will publish details later this month of a tax on foreign real estate buyers in London. "When you look at the United States, people are investing in housing now, but it took 10 years after the GFC for prices to get back to where they were".

by | January 23, 2019 | 06:04

The ongoing OPEC+ agreement to curb oil output remains the nearly exclusive source of support for prices, along with omnipresent supply concerns in Libya and Venezuela while current USA sanctions limiting Iranian oil exports and a downtrend in United States drilling activity also sustain the optimism around prices.

by | January 23, 2019 | 06:14

While the most pronounced shift was among business leaders in the United States, the share of CEOs who expected growth to slow increased significantly across every region, it showed. However, ECB President Mario Draghi may be in for a slightly uncomfortable press conference post-decision, with questions expected on how the central bank will try and boost inflation and growth now that the quantitative easing has ended.

by | January 23, 2019 | 05:39

Ghosn has been indicted for understating his income at Nissan by tens of millions of dollars and transferring personal trading losses to the carmaker. Le Maire said in his interview with JDD: "The principle of the presumption of innocence must apply to Ghosn. there are also the interests of Renault and of the alliance".

by | January 23, 2019 | 03:50

But in a hasty one-day retrial last week, his sentence was changed, to death. "If China would resort to putting Canadians to death to defend its corporate national champion, what might it do if the Chinese Communist Party had unfettered access to Canada's vital communications networks?" said Fadden.

by | January 23, 2019 | 03:02

In a bid to protect its investment, Estee Lauder headed to court twice in October, landing court orders removing Truaxe as the company's chief executive officer , requiring him to stay away from Deciem properties and employees and reopening the stores.

by | January 23, 2019 | 03:05

Interchange fees refer to the transaction made between a retailer's bank and a consumer's bank account after a card payment is made. Therefore, Mastercard's rules for restricting retailers from benefitting from lower interchange fees in other member states and limiting cross-border competition was in breach of the EU's anti-trust rules, according to the Commission.

by | January 23, 2019 | 02:41

Toyota Motor Corporation and Panasonic are combining resources in a joint venture to produce electric vehicle batteries that will begin in 2020, according to a report published by Nikkei Asian Review . It will also give Panasonic cost and scale advantages in battery production at a time when China's Contemporary Amperex Technology has grown to be on par with the long-time industry leader on the back of the rapidly growing home market.

by | January 23, 2019 | 01:25

Mr Rowan is based in Singapore as well. He also said Singapore's corporate tax rate of 17 per cent - lower than Britain's - would only mean a "negligible" difference in what would be paid. are now in Asia". Last October announced plans to build an EV manufacturing plant in Singapore , but now it appears a large proportion of the company's executive team and the whole of its head office is following suit.

by | January 23, 2019 | 00:15

Officials have until January 30 to file the request but have not specified when they would submit the paperwork. "The Trump administration has practiced - not only with the indictment of this Huawei executive, but also with a number of intelligence officials and other foreign actors - this policy of aggressively pursuing the enemies of the United States ", Bruen said.

by | January 22, 2019 | 04:21

Proper auto geeks may get a kick out of the knowledge that Global #1's VIN ends in 20201 - "2020" representing the year the USA model year of those first customer Supras and "1" denoting its status as the first example off the production line - the only Supra that will be so satisfyingly labeled.

by | January 22, 2019 | 05:20

Growth in emerging-market countries is forecast to slow to 4.5 percent from 4.6 percent in 2018. Economic growth in the Middle East and North Africa is forecast at just 2.4 percent this year, below the global average and a decline of 0.3 percentage points on the projections laid out in the previous World Economic Outlook , released in October.

by | January 22, 2019 | 01:24

France's top data-privacy agency, known as the CNIL, said Monday that Google failed to fully disclose to users how their personal information is collected and what happens to it. Both of the Google complaints were essentially about "forced consent " - they accused Google of lacking a sound legal basis for processing people's data, because it railroaded them into consenting to processing that they did not understand.

by | January 22, 2019 | 01:42

The data is likely to raise concerns about China's economy, which has been slowing down even as signs of stabilisation suggest that efforts to reduce the pace of deceleration have been effective. A neighbouring city, Ningbo, estimated births declined by about 17 per cent. Last month, iPhone maker Apple issued its first revenue warning in almost 12 years, citing weak Chinese demand.

by | January 21, 2019 | 03:56

A United States software company has announced 1,500 new jobs for Dublin. The new roles will be in Dublin and will expand the company's Irish workforce to nearly 3,000 over the next five years. The new office will act as a regional hub for the firm's employees across sales, customer service, technical and business operations. An artist's impression of the new Salesforce Tower in Dublin.

by | January 21, 2019 | 04:22

US stocks advanced on Thursday as hopes of a resolution to the trade dispute between the United States and China boosted industrial shares and lifted investor sentiment. "Balanced trade" was not a term used by the architects of USA trade policy. China has repeatedly played down complaints about intellectual property abuses, and has rejected accusations that foreign companies face forced technology transfers.

by | January 21, 2019 | 04:25

The revision was made public only three days before China reveals its GDP data for the fourth quarter of 2018 and the year's cumulative total, which will finally shed light on whether the country managed to reach its target of 6.5 per cent.

by | January 21, 2019 | 03:28

The Bank of Canada's two other preferred measures of core inflation, CPI-common and CPI-trim, were stable at 1.9 percent. The annual inflation rate in Alberta rose at a faster pace in 2018 than the national average. Inflation was also up last month due to a 7.5 per cent boost in mortgage interest costs, a 3.8 per cent increase in restaurant bills and 5.1 per cent rise in passenger vehicle insurance premiums.

by | January 20, 2019 | 05:24

As the case with Dick's Sporting Goods in its 2016 acquisition of the bankrupt Sports Authority, Lampert would hold onto Sears stores that have outperformed their peers, while still wrestling with how to reinvigorate the chain's appeal so it can maintain any growth.

by | January 20, 2019 | 03:41

Aurora Cannabis Inc . (TSX: ACB ) presently has a 10 month price index of 0.92723. RSI after the last trading period was 68.96. If you own a stock that has extremely low daily volume, it may be hard to get free of in a short time period.

by | January 20, 2019 | 04:08

While the company's efforts to strengthen wealth management business, focus on corporate lending, steady loan growth, higher interest rates and normalized levels of trading activities will further support revenues, slowdown in debt originations will hamper underwriting fee income growth.

by | January 20, 2019 | 03:50

The storm tapered off by noon Saturday, with snow totals reaching the bottom end of the predicted 5 to 9 inches of snowfall, the weather service said. However, winds could gust up to 35 miles per hour, causing blowing and drifting snow through Saturday night. Crews worked on arterial routes and Lake Shore Drive before moving to residential streets about noon Saturday.

by | January 20, 2019 | 01:50

The Mexican government held a press conference early Saturday morning at the National Palace "to inform the relatives of the victims, the people and the media, details related to the tragedy in Tlahuelilpan". The policy has led to increased reliance on tanker deliveries and there have been widespread reports of fuel shortages and long lines at petrol stations.

by | January 20, 2019 | 01:50

Just months earlier, they had relaxed production caps as prices shot higher on market worries about the impact of USA sanctions on Iran , but Washington eventually granted waivers allowing several countries to continue to import Iranian oil.

by | January 19, 2019 | 05:07

In recent months, Shopko sold off 82 of its 234 pharmacies. The company will also transition 20 optical centers from existing Shopko stores into standlone locations, and it has announced plans to auction off its remaining pharmacy business that Kroger, Hy-Vee and CVS did not purchase in separate deals announced in December.

by | January 19, 2019 | 04:09

A USA jury has decided a hotel dishwasher should be awarded $US21.5 million ($NZ31.7m) in damages after her workplace continuously scheduled her to work Sundays, infringing on her religious rights. She was also awarded $500,000 for emotional distress and $35,000 in lost wages. The case which was settled in the presence of a jury had 60-year-old Marie emerging victorious as she was awarded N7 billion, in an attempt to send a message to big corporations who try to exploit workers and ignore ...

by | January 19, 2019 | 03:34

Pulitzer Center founder and executive director, Jon Sawyer, said: "We are grateful for Facebook's commitment to helping us meet the challenges of today's journalism , especially in smaller cities where the survival of news outlets depends on new models of reporting and community engagement".

by | January 19, 2019 | 02:25

Ryanair's profit warning came after another budget carrier, Norwegian Air, said on Wednesday that it would axe a number of routes and shut several bases as it seeks to cut costs. In October the airline said profits would be knocked by a spate of crew strikes and rising fuel prices. The guidance excludes exceptional start-up losses in Lauda, which have been cut from €150m to €140m on the back of better than expected unit cost performance during the winter period.

by | January 19, 2019 | 02:30

FSIS says there have been no confirmed reports of illness due to consumption of the products. The ready-to-eat chicken nugget items were produced on October 25, 2018. The FSIS said that they could have been put away in freezers for future use. Wood pieces are far from the most freaky material to be found in processed food.

by | January 19, 2019 | 02:42

The news was revealed in a blog on Tesla's site written by Musk himself while China's top regulator revealed the firm would be recalling over 14,000 Model S in the country. "Right now, our most affordable offering is the midrange (264 mile) Model 3 with premium sound and interior at $44k", Musk added. Meanwhile, the USA federal government is phasing out subsidies for the Model 3.