Markets

by | August 23, 2018 | 05:11

United States stocks graduated into the longest-ever "bull market" on Wednesday (Aug 22) after a mixed session as investors weighed optimism over trade talks with uncertainty generated by USA political turmoil. PulteGroup, Lennar and D.R. Horton rose between 4.4% and 5.1%. Target shares touched an all-time high after the retailer beat quarterly estimates and raised its full-year profit forecast.

by | August 23, 2018 | 05:19

He said Russia's offer of talks still stood however. "No one expected that all disputed issues could be settled during a two-hour meeting, but a direct conversation and exchange of opinions are always useful". President Trump on Monday said he would consider lifting sanctions on Russian Federation if Moscow were to take steps towards working with the US on issues like Russian Federation and Ukraine.

by | August 23, 2018 | 02:55

Investec economist Annabel Bishop said in a note that the Bank could strike a more hawkish tone during its scheduled meeting in September, meaning that it could flag potential increases in rates in future meetings, given the volatility in the rand.

by | August 22, 2018 | 05:48

JPMorgan already has some 47 million digital customers which it can reach with the new app. The idea is to attract clients to more profitable businesses such as financial advice and higher-priced investments. "We're thinking about what's right for our customers, helping them get invested and stay invested and diversified". The bank denied this is a direct response to free offerings like Robinhood .

by | August 22, 2018 | 05:39

The move comes after Trump this month said he would double tariffs on Turkish metal imports over Turkey's trial on terrorism charges against Andew Brunson, an evangelical Christian pastor. "I got that person out for him". On Monday he appealed to Turks' religious and patriotic feelings ahead of the Muslim holiday, promising they would not be brought "to their knees" by the economic crisis.

by | August 22, 2018 | 06:02

At the time of the sanctions in June, Mr Mnuchin said the U.S. was "engaged in an ongoing effort to counter malicious actors working at the behest of the Russian Federation and its military and intelligence units to increase Russia's offensive cyber capabilities".

by | August 22, 2018 | 03:45

WASHINGTON-The U.K.'s top diplomat was expected to deliver a speech in Washington on Tuesday calling for fresh sanctions against Russian Federation, urging a continued hard line, according to prepared remarks released by the embassy. He claimed Russian Federation is making the world more risky. The EU recently agreed to renew sanctions against Russian Federation relating to its annexation of Crimea and activity in the region.

by | August 22, 2018 | 02:59

The benchmark US interest rate, which plays a large role in setting borrowing costs for mortgages, credit cards, small businesses and auto loans, has roughly tripled since Trump was sworn into office past year. Presidential meddling in monetary policy has a troubling history, most notably President Richard Nixon's insistence that the Fed keep interest rates low ahead of the 1972 election.

by | August 21, 2018 | 09:10

A worker at an oil field owned by Bashneft, Bashkortostan, Russia, January 28, 2015. Brent crude futures, which act as a benchmark for global oil prices, were at $71.59 per barrel at 0413 GMT, down 24 cents, or 0.3 percent, from their last close.

by | August 21, 2018 | 07:27

People's growing fear of tech giants: "We realize that more and more people have fear of companies like ours", Dorsey said, citing the "perceived power that companies like ours have over how they live and even think every single day". "We need to remove all bias from how we act and our policies and our enforcement and our tools". Those on the left have criticized the platform for not being tough enough on right-wing provocateurs like conspiracy theorist Alex Jones.

by | August 21, 2018 | 06:22

Total warned in May that it would turn its back on the $1bn (£740m) South Pars gas development within six months unless it could clinch a sanctions waiver for the project from the United States government. Total's departure comes as a huge blow to Iran and is the first major energy scheme to be scuppered by U.S. sanctions. In May, U.S. President Donald Trump pulled out of an worldwide nuclear deal with Iran and announced sanctions against the OPEC member.

by | August 21, 2018 | 06:24

Do you have a habit of tossing out your old contact lenses by flushing them down the sink or toilet? Researchers from Arizona State University exposed five polymers that are present in many manufacturers' contact lenses to anaerobic and aerobic micro-organisms found in wastewater treatment plants.

by | August 21, 2018 | 05:57

Celikten, who was born in 1979, was wanted for prison break; he also had a criminal record for causing reckless injury; the other suspect, Gundas, born in 1980, had several criminal records such as causing deliberate injury, drugs and auto theft.

by | August 20, 2018 | 05:50

A vehicle with the Lexus logo is seen on display at the North American International Auto Show in Detroit, Michigan, U.S., January 16, 2018. Plaintiffs Benjamin and Kristi Reavis were driving a 2002 Lexus ES 300. Toyota said it would consider its options going forward. In a statement, Toyota said it sympathised with the Reavises and respects the jury's decision but believes the injuries resulted from factors specific to the collision, not defects.

by | August 20, 2018 | 04:16

The potential easing of trade tensions has been well received by markets after tariff disputes between the US and Turkey added to geopolitical stresses in recent days, said Philip Petursson, chief investment strategist at Manulife Investments.

by | August 20, 2018 | 03:11

According to some reports from the TechCrunch , Netflix has started testing video promos and ads that play in between an episode of the show which a user is streaming on the platform. At this point however, there hasn't been any word from Netflix on any kind of ad rollout. The promos are full-screen videos, personalized to the user, and displace the title, description and thumbnail preview for the next episode being watched.

by | August 20, 2018 | 03:30

Officials from each country have insisted there's nothing unusual about the one-on-one discussions on the three-country deal because it's allowing the USA and Mexico sort tough bilateral issues, such as their differences on autos. Trade Representative Robert Lighthizer on Friday. NAFTA is a three-way agreement that includes Canada and without the U.S.'s northern neighbor's agreement, NAFTA could end up sidelined - permanently.

by | August 20, 2018 | 02:24

Overland Park police said the animal, a red tail boa constrictor, was found in the 10200 block of Broadmoor Street. The Overland Police Department was called to the home on Friday to remove the snake. Police said they believe the snake is someone's escaped pet. According to the department, the snake is 6 to 7 years old. It took three officers to wrangle the reptile, which was taken to an animal rescue center.

by | August 20, 2018 | 01:57

High-profile attendees seen entering the dinner included Treasurer Scott Morrison, Leader of the House Christopher Pyne and Deputy Prime Minister Michael McCormack . Mr Turnbull faces his most critical week since coming to office and will return to Parliament today to be greeted by conservative backbenchers approaching revolt, an Opposition cheering on his leadership rivals and a Senate hostile to his signature economic policy, company tax reform.

by | August 19, 2018 | 09:07

U.S. President Donald Trump said on Friday he had asked the U.S. Securities and Exchange Commission to study the impact of allowing companies to file reports with the financial regulator every six months instead of every quarter. The Council of Institutional Investors (CII) believes that public companies should continue to report quarterly. The SEC has been reluctant to make changes in quarterly reporting, which has always been a cornerstone of United States capital markets.

by | August 19, 2018 | 03:30

The prestigious journal, Science , published the world's first detailed road map of the wheat genome this week, paving the way for faster precision breeding of improved varieties of what is a key global food crop . "The sequence of the bread wheat genome has already had a positive effect on wheat improvement, which not only affects the science behind wheat breeding, but has a long-lasting positive outcome in regard to wheat producer productivity, profitability and, ultimately, ...

by | August 19, 2018 | 03:48

However, this figure could rise as more creditors send in claims to EY. According to the BBC , warehouse operator XPO Logistics is owed GBP30m (US$38.2m) and stopped processing orders last week because of the dispute. There is now no engagement, and no plans for any engagement, with no stock moving in or out of the warehouses, the source said. "I paid for delivery and the money was taken out of my account".

by | August 19, 2018 | 03:21

In the interview, Musk, alternating between laughter and tears, told the New York Times the struggle over the a year ago to get production of the Model 3 going at full speed was "excruciating". As Tesla struggled to meet production goals for its Model 3 earlier this year, Musk ended up sleeping at the factory . For now, it looks like Musk is staying in his job, despite speculation earlier this year that he'd be ousted (and, apparently, his own desire to leave): "If you have anyone ...

by | August 18, 2018 | 07:27

On Thursday, prosecutors said as many as 20 people could still be missing in the bridge collapse, but cautioned that some people initially reported as unaccounted for might be on vacation and hadn't yet contacted their families. Autostrade has said it monitored the bridge on a quarterly basis as required by law and that it had carried out additional checks by hiring external experts.

by | August 18, 2018 | 07:05

Google employees are also sounding the alarm. In April, thousands of staff criticised its work on a USA military programme developing artificial intelligence for drones. Yet most of us only learned about project Dragonfly through news reports [in] early August. To do what the engineers are asking in the letter, Google has to agree.

by | August 18, 2018 | 04:31

The TSX rose just shy of 100 points for the day. USA stocks extended gains on Friday and risk sentiment improved following a Wall Street Journal report on potential progress in easing trade tensions between the United States and China.

by | August 18, 2018 | 02:46

But a tweet Musk fired off last week has reportedly made him and the directors the targets of securities regulators, and may force the board to act. Musk's "tweets seem cryptic at best, and it is hard to see how he has complied with his duty to not be misleadingly incomplete". "They can have the reins right now", Musk tells the Times .

by | August 18, 2018 | 02:55

Turkey is calling for the U.S.to extradite a Pennsylvania-based Muslim cleric accused engineering a 2016 coup attempt. "He is not a spy", Trump added. After Turkey shot down a Russian warplane it said had strayed into Turkish airspace, Erdogan staged a show of defiance against Putin's threats. It follows a surge over the last week and a half that saw the dollar climb to over 7 lira at its worst.

by | August 17, 2018 | 08:14

In the valley below the shattered structure, cranes moved away chunks of debris on Thursday as rescue teams searched for survivors under the rubble of a bridge completed in 1967 and overhauled just two years ago. Earlier, Interior Minister Matteo Salvini said 200 firefighters responded to the accident. And in December 2016, Genoan newspaper Il Secolo XIX claimed maintenance of bridges in the area had been lacking funds because authorities "preferred to allocate more funds to new works".

by | August 17, 2018 | 06:34

NIO and other Chinese electric-car makers are raising money to develop new products and fund an expansion as the world's biggest automobile market signals a shift to battery-powered vehicles in a bid to cut pollution and reduce dependence on imported oil.

by | August 17, 2018 | 03:54

The Turkish tariff increases amount to a doubling of the existing rate, the state-run Anadolu news agency said, in an apparent parallel response to Trump's move. Washington warned more economic pressures may be in store for Turkey if it refuses to release Brunson, a White House official said on August 15. The lira had already rebounded about 8 percent on Tuesday on news of a planned conference call on Thursday in which the finance minister will seek to reassure worldwide investors.

by | August 17, 2018 | 03:46

On Tuesday, Erdogan called for a boycott of USA electronics products, and his spokesperson described American policy as goading Turkey into an "economic war". "They don't hesitate to use the economy as a weapon", the president noted, suggesting that Turkey may soon boycott American electronics, including the iPhone.

by | August 17, 2018 | 03:58

Tariffs were also boosted for cosmetics, rice and coal. In addition to its decision to ramp up tariffs on imports of Turkish steel and aluminium, the Trump administration imposed sanctions on two top officials in Erdogan's cabinet earlier this month as part of its efforts to pressure Ankara into freeing Brunson.

by | August 17, 2018 | 03:26

As cranes moved in to shift truck-sized chunks of broken concrete, hundreds of firefighters searched for survivors, while public shock and grief turned to anger over the state of the 1.2 km-long bridge, completed in 1967 and overhauled two years ago.

by | August 17, 2018 | 02:10

China on Tuesday launched the World Trade Organization (WTO) dispute settlement procedure over US safeguard measures on imported photovoltaic products and subsidies for its renewable energy products, the Ministry of Commerce said. The spokesperson also said that USA subsidies for its own domestic PV manufacturing were giving its industry an "unfair competitive advantage and damaged the legitimate rights and interests of China's renewable energy companies".