Saturday, 15 December 2018
Latest news
Home » Finance

Finance

Congress hits back at Arun Jaitley over criticism of RBI

perth_map

The central bank has received letters from the government seeking Governor Urjit Patel's views on issues including the authority's handling of weak state-run lenders, tight liquidity in the market, and resolving bad loans at power generators, the people said, asking not to be identified because they aren't authorized to talk to the media. Read More »

Donald Trump expects 'great deal' with China over trade

perth_map

However, in an interview aired later on Fox News Trump said that he thinks he can "make a great deal with China", though he tempered this by saying Beijing was not yet ready. On Tuesday, the currency's midpoint was set at 6.9574 per dollar. Ten percent tariffs on $200 billion in imports that took effect in September are due to increase to 25% on 1 January. Read More »

Just Eat readying for hit from Chancellor's digital tech tax

perth_map

Resolution Foundation director Torsten Bell said: 'The Chancellor made a very welcome £1.7bn commitment to Universal Credit, but has left intact three quarters of the benefit cuts announced following the 2015 general election. Shadow Chancellor John McDonnell told ITV's Good Morning Britain that the Tories "usually do this". Despite the increase in funding for the health service, the IFS said the budget did not represent an end to austerity. Read More »

Tesla third-quarter profit quiets critics, shares surge

perth_map

Federal investigators are examining whether Tesla misstated information related to the Silicon Valley company's production of the Model 3, a vehicle some believe could revolutionize the auto industry. Elon Musk attracted a fair share of criticism after he tweeted that he was taking Tesla private at $420 and the funding for the same had been secured. Read More »

Wary of crypto, United Kingdom government blocks Royal Mints digital gold

perth_map

Had the deal gone through, it would have been the first time a government from a developed country would have been involved with a crypto exchange . Though the hope to realize this project is still alive, due to such a delay, the United Kingdom will lose the position of a pioneer that it should have had if the Royal Mint had managed to fulfill its first plan to issue its gold-backed coins in time. Read More »

In Major Acquisition, IBM Will Acquire Open-Source Software Company Red Hat

perth_map

Presumably the acquisition will have to jump various regulatory hurdles before it is set in stone. "The acquisition of Red Hat is a game-changer". If you ask IBM , the deal is all about the cloud. Red Hat made bets to compensate for this, most prominently with OpenShift and a container platform. "Powered by IBM, we can dramatically scale and accelerate what we are doing today", Red Hat president and CEO Jim Whitehurst wrote in an email to employees today. Read More »

Barclays won't face trial on Qatar deal

perth_map

Southwark Crown Court in London dismissed the charges this year. Firms that are publicly listed in the United Kingdom are usually not allowed to lend money for a third-party to purchase their shares, and the SFO had claimed that Barclays had made such an arrangement, committing fraud over two "advisory services agreements" between it and the state of Qatar. Read More »

NY lawsuit against Exxon a 'shakedown': Judge Napolitano

perth_map

It is also seeking that the company correct "numerous misrepresentations" to investors. The litigation follows a three-year-old investigation by former New York Attorney General Eric Schneiderman and continued by Underwood. Or, put more simply, the company's value is not what it says it is. "(The attorney general) persists in distorting key facts", it said. The suit accuses the oil giant of defrauding investors by downplaying the financial threat of regulations crafted to mitigate ... Read More »

Indian Trade Association 'NASSCOM' Clarifies Its Position on Cryptocurrency

perth_map

Ghosh said from Nasscom perspective, it was very clear that cyptocurrencies were illegal . However, the seed stage funding of Indian startups has declined from $191 million in 2017 to $151 million in 2018. "We gave to think about alternative for seed stage, where government can play a role, as in China". The IT body also said that the start-up ecosystem saw 108 per cent growth in funding in 2018. Read More »

Millennial railcard to be fully rolled out

perth_map

In March only 10,000 went on sale - and they were sold out within hours. Approximately four million people in this age bracket will be able to benefit from the 26-30 Railcard, which will function like the 16-25 Railcard. The Rail Delivery Group (RDG) confirmed the new "millennial" railcard be available in late 2018, following its announcement last year and a one-off sale earlier this year. Read More »

Iranian Oil to Be Available for Intl Traders at Energy Bourse

perth_map

If the group follows through, it could change the outlook of the oil market and reignite criticism from Donald Trump, who has repeatedly called on OPEC to keep prices low. sanctions against Iran's oil exports, which start on November 4. Still, many buyers, including Iran's biggest customer, China , appear to be falling in line, forcing Tehran to store unsold oil on tankers. Read More »

Saudi FM says global outcry over Khashoggi 'hysterical'

perth_map

Spain's prime minister Pedro Sanchez said his government would fulfil past arms sales contracts with Saudi Arabia despite his "dismay" over the "terrible murder", explaining that protecting jobs in Spain was central to his decision last month to go ahead with a controversial bomb shipment to Saudi Arabia. Read More »

U.S. economy grows 3.5 percent, boosted by consumer spending

perth_map

Consumer spending led the way with a 4% increase rooted in a tight job market and wage. Trump in recent weeks has accelerated his attacks on the Federal Reserve for raising interest rates, contending that the higher rates by slowing the economy will work against his efforts to speed up growth through the $1.5 trillion tax cut package Trump got Congress to pass previous year. Read More »

Dyson will manufacture its electric cars in Singapore

perth_map

It has not exhibited any designs for its electric vehicle, but James Dyson has said that it will not be like anything else on the market and will not be a "very cheap" vehicle. The decision to build in Singapore was controversial since this city-state has some of the most expensive real estate in the world. " Singapore has a comparatively high cost base, but also great technology expertise and focus", Rowan said. Read More »

FBI conducting criminal investigation into Tesla

perth_map

The WSJ notes that Tesla had stated in September that it responded voluntarily to requests from the DOJ for documents, but did not disclose that the documents might be related to its Model 3 ramp as opposed to Elon Musk's statements on Twitter that eventually led to a civil settlement with the SEC. Read More »

Trump says he 'maybe' regrets picking Powell as Fed chair

perth_map

While President Trump refused to say if he would consider removing chairman Jerome Powell , he hinted he may be starting to regret nominating him to a four-year term. The comments echo other statements he has made recently about Powell . Speaking of the monetary policy, Clarida said he believed the Fed's monetary policy "remains accommodative ". Read More »

New Jersey Man Breaks His Hip but Wins the Lottery

perth_map

In other local lotto news, a winning $1 million ticket was sold in Tampa , and a 70-year-old Hudson woman claimed $2 million off a Powerball ticket last week. "We're going to Disney, really yes, taking the kids in August", Grill said. A single mum from country NSW also revealed how constant nagging from her family led her to realising she had won more than $400,000 . Read More »

Chevrolet, Chrysler, Tesla slip in Consumer Reports' reliability survey

perth_map

Mazda , Subaru and Kia finish out CR's top five, respectively. Left at the bottom are the Americans (and Sweden's brand Volvo because of alleged infotainment issues). Those vehicles include the Cadillac XTS, Chevrolet Cruze, Chevrolet Suburban, Chrysler 300, Dodge Charger, and Lincoln Continental. The rankings are closely watched by the industry, since vehicle buyers frequently look to Consumer Reports for advice. Read More »

Snapchat parent pressured by drop in users

perth_map

The reason why investors are so anxious, of course, is because Snap had a second straight quarter of losing users, with its daily active users down to 186 million, compared with 188 million the previous quarter. Investors reacted cooly to the result, sending the stock down almost 3% in after-hours trading, sagging to $6.88 a share. It's not the first time the Snapchat founder has specifically called out the company's Android app on an earnings call. Read More »

Saudi prosecutor says Khashoggi murder was premeditated

perth_map

Trump said he wanted to believe Prince Mohammed when he said that lower level officials were to blame for the killing at the Saudi mission. "Even if US President Trump saves (Mohammed bin) Salman, in the eyes of the world he is a questionable person with Khashoggi's blood on his hands", Cevik's column said. Read More »

Single Mega Millions ticket wins $1.6 billion jackpot

perth_map

The announcement prompted social media users to marvel at the sheer amount of money in play. Simply put, the prize would increase until one person has finally withdrawn the correct numbers. "So that excitement, that enthusiasm that is generating right now is what's great about this jackpot". The largest Mega Millions jackpot before Friday was an August 23 drawing worth $758.7 million and claimed by one ticket. Read More »

Winning Mega Millions ticket sold in Lexington... just not the big one

perth_map

Someone has won a world-record $US1.6 billion ($2.2 billion) Mega Millions jackpot in the United States - and it's possible the world will never know their identity. The director of the SC lottery, Hogan Brown, was in New York City Wednesday morning for a meeting, and told " Good Morning America " that the name of the store that sold the ticket won't be released until midday. Read More »

China leads the way as world´s billionaires get even richer

perth_map

Nearly one in five came from China, which saw 373 people hold US$1.12 trillion, rising from just 16 in 2006, according to a report on billionaires published by UBS and PwC on Friday. But Chinese billionaires expanded their wealth at almost double that pace, growing by 39 percent to $1.12 trillion. "In 2017, they equalled America´s level of venture capital funding for start-ups, registered four times as many Artificial-Intelligence-related patents and three times as many blockchain and ... Read More »

Google says 48 fired for sexual harassment

perth_map

Anonymous sources told the Times that Google investigated the claim and found it to be credible. Mr Pichai added that the report on Mr Rubin and others "was hard to read" but he did not directly address the claims in the article. "To his knowledge, at that time there were no policies in place that prohibited relationships between employees". Google chief executive Sundar Pichai wrote in a memo, co-signed by Eileen Naughton, vice president of people operations. Read More »

Twitter shares surge as advertisers welcome efforts to cull spam accounts

perth_map

The reason for that is not that users are abandoning the platform en masse, but Twitter itself is purging fake accounts and some of the ones that are controlled by bots. "There's lots of opportunity to convert them into daily users as we continue to improve all kinds of things around the service, from the notifications you get around Twitter to continuing to improve the timeline", Segel said. Read More »

Amazon's holiday season sales outlook misses views; shares sink

perth_map

Like most retailers, the fourth quarter is Amazon's most important. The company's stellar growth apparently ramped up Wall Street expectations, with investors guessing Amazon would perform well and then selling off shares to pocket profits on the bet, according to independent analyst Rob Enderle of Enderle Group. Read More »

Euro edges up before EU decision on Italy budget

perth_map

Italian Prime Minister Giuseppe Conte , speaking to reporters as he arrived in Moscow for talks with President Vladimir Putin, said they were ready to argue their case before the commission. Deputy Prime Minister Luigi Di Maio responded to the Commission rejection by calling for "respect" for Italians. Interest rates on Italian bonds are at a four-year high, The New York Times reports , and European officials say this new budget could lead to even more significant increases in borrowing ... Read More »

Wall Street rebounds after upbeat earnings, bargain hunting

perth_map

On Wednesday, key Wall Street indexes sank by more than 2 percent, further extending losses seen just the day before. The latest selling came as investors grew unsettled by slowing economic growth in China and the growing costs of President Donald Trump's aggressive trade policies. Read More »

Volkswagen T-Cross: new SA-bound baby crossover revealed!

perth_map

It's even more compact than the Tiguan . Visually, the T-Cross looks as compact as it actually is, and wears the typical Volkswagen corporate front end with a wide-set grille and integrated headlights (LEDs available). The new T-Cross provides the highest level of networking and connectivity with the outside world. Inside the Polo-like cabin, VW says wireless smartphone charging will be offered, along with "up to four" USB ports. Read More »

Man filmed hurling racist abuse at woman sat near him on plane

perth_map

The three-minute video, captured on a October 19 flight from Barcelona to London , begins mid-argument as another passenger, who has since been identified as the woman's daughter, is chastising the white man for insulting her mother. Mrs. Gayle moved to the United Kingdom from Jamaica in the 1960s and was on vacation with her daughter to mark the first anniversary of her husband's death. Read More »

Elderly Victim Of Racial Attack On Ryanair Airline Speaks Out

perth_map

The daughter of the woman who was targeted said she believed if a black person had behaved in the same way, they would have been thrown off the flight immediately. Mrs Gayle said that she was left depressed after the man shouted at her to move seats... "I travel a lot, I go to Canada, and no one has ever said those words to me". Read More »

Khashoggi: Tony Blair FAILS to cut Saudi Arabia ties after journalist killing

perth_map

Turkish authorities, including the president, said this week that Saudi agents had scouted the forest before Khashoggi's death inside Saudi Arabia's Istanbul consulate on October 2. Conflicting reports surfaced about whether Turkish investigators had searched a well in the garden of the Saudi diplomatic compound as part of their probe. Read More »

Saudi Public Prosecutor Says Khashoggi Killing Was Premeditated

perth_map

Public Prosecution received the information from the joint Saudi-Turkey team investigating Khashoggi's death. The statement Thursday, carried by the Saudi Press Agency, was issued by the Saudi public prosecutor. Pollock adds that it should be noted how he was not given a specific reason on Cena's removal from Crown Jewel , but it's believed to be due to the controversy surrounding the disappearance & murder of journalist Jamal Khashoggi. Read More »

Five top questions about federal carbon tax and how it affects you

perth_map

The Canadian Taxpayers Federation is one of those groups not impressed with Tuesday's announcement from the Prime Minister. At a news conference in downtown Regina, the province's only Liberal MP defended the federal plan, emphasizing that most households will receive more money in rebates than they will pay in tax. Read More »

Apple CEO Tim Cook's unsettling warning

perth_map

He also renewed the technology giant's commitment to protecting personal data . The speech , along with video comments from Google and Facebook's top bosses, in the European Union's home base in Brussels, underscores how the USA tech giants are jostling to curry favour in the region as regulators tighten their scrutiny. Read More »