Tuesday, 23 April 2019
Latest news
Home » Finance


Belt & Road Forum: dozens of heads of state in Beijing to participate

Xi announced China would contribute an additional USD 14.5 billion to the Silk Road Fund, which was set up in 2014 to finance infrastructure projects, taking it to USD 55 billion and USD 8.75 billion financial assistance to the countries taking part in his Belt and Road initiative aimed at expanding China's influence and global connectivity. Read More »

Warren Buffett assails Wells Fargo, defends 3G at wide-ranging meeting

Despite softer sales in the most recent quarter, consumer loyalty to the iPhone is "huge", Buffett said. Most of the weekend's other events celebrate shopping at companies owned by Berkshire Hathaway. Munger added: "You've got to remember railroads were a bad business for decades and decades and decades, and then they got good". Berkshire bought the BNSF railroad in 2010. Read More »

Amazon 'Echo Silver' is 'designed for the greatest generation'

Oras - the writer of the original Medium post - was forced to do this when she realized she had no other choice. Minutes after calling, Elise finally had her instance of Alexa Calling disabled. Amazon has dominated the smart assistant market with its Echo and Echo Dot speakers, selling 11 million devices between mid-2015 and December 2016. Read More »

UK interior minister says health system has recovered from cyber attack


Across an ocean, Darien Huss, a 28-year-old research engineer for the cybersecurity firm Proofpoint, was doing his own analysis. "Then the kill switch was pulled and everything went live". Britain's home secretary said one in five of 248 National Health Service groups had been hit. Experts have been working round-the-clock to restore IT systems of Britain's National Health Service (NHS) after they were hit by the large-scale cyber-hack by an worldwide criminal gang that wreaked havoc ... Read More »

China-made jet takes off in maiden flight

After facing delays for more than two years, China's indigenously developed COMAC C-919 finally took off from Pudong International Airport in Shanghai on Friday. However, despite the successful test flight, it still takes time for the C919 to take off in the market. Shaking the dominance of giants Boeing and Airbus in the near future is unrealistic, observers say, but the Chinese jetliner could be a strong option for global carriers in decades to come. Read More »

N. Korea test-fires missile, challenging new leader in South

The missile impacted "so close to Russian soil - in fact, closer to Russia than to Japan - the president can not imagine that Russia is pleased". In Tokyo , Prime Minister Shinzo Abe said: "North Korea's repeated missile launches are a grave threat to our country and a clear violation of United Nations resolutions". Read More »

Coach buys Kate Spade for United States $2.4 billion

The takeover price is 27.5 per cent above Kate Spade's close on December 27, the day that reports about a possible sale first appeared. For Coach , Kate Spade represents the youthful customer it has turned away from over the past several years during its turnaround, when it raised prices on its leather bags by up to 30 percent and put the brakes on promotional pricing. Read More »

Bank of England holds, sterling turns lower

Last year Britain's economy grew 1.8 per cent. Inflation in March was at 2.3%, according to the Office for National Statistics, above the bank's target of 2%. "Locking in a low fixed rate mortgage now can save you an absolute fortune in the long run, especially if you're one of the three million United Kingdom homeowners currently paying over the odds on a lender's standard variable rate". Read More »

North Korea fires missile - South Korea military

It wasn't immediately clear what type of ballistic missile was launched, the seventh such firing this year, although the U.S. Pacific Command said that "the flight is not consistent with an intercontinental ballistic missile". and attended by National Defense Minister Han Min-koo, Foreign Affairs Minster Yun Byung-se and presidential national security advisor Kim Kwan-jin, among others. Read More »

Cyber attack spreads across 150 countries

Russia's interior ministry said 1000 of its computers had been infected but the virus was swiftly dealt with and no sensitive data was compromised. The ransomware exploits a vulnerability in Microsoft Windows that was purportedly identified by the U.S. Read More »

Bank of England warns on wages and cuts growth forecast

While growth slowed to 0.3 percent in the first quarter, the weakest in a year, the bank expects the figure to be revised up to 0.4 percent. It is thought the Bank will make a marginal downgrade to its forecast for 2% growth this year after the first quarter disappointment, while it may also tweak its inflation forecasts higher. Read More »

Always Dreaming wins the 143rd Kentucky Derby race


But Velazquez, who had positioned his mount to not get mud kicked in his face, settled the victor of the Florida Derby into a relaxed stride in the run down the backstretch as the pace slowed, close but not too close to the lead. "I'm so happy for Vinny Viola who is really one of the most important people in our country", said his friend Susan Ziegler who joined a handful of other pals at Bamonte's Italian restaurant in Williamsburg to watch The Most Exciting Two Minutes in Sports. Read More »

When cyber-attacks become a matter of life and death

The ransomware, called " WannaCry ", locks down all the files on an infected computer and demands the administrator pay to regain control of them. "When we say that the health ministry was attacked you should understand that it wasn't the main server, it was local computers. Read More »

Occidental Petroleum Stock Up After JPMorgan Raises Rating


Franklin Resources Inc. now owns 13,345,159 shares of the oil and gas producer's stock valued at $950,580,000 after buying an additional 1,583,197 shares during the last quarter. & global trademark and copyright laws. Macquarie Group Ltd. boosted its position in shares of Occidental Petroleum by 1.7% in the fourth quarter. Tudor Pickering downgraded the shares of OXY in report on Friday, November 6 to "Hold" rating. Read More »

President Trump: James Comey Was a 'Showboat' and 'Grandstander'

Everybody knows that. You take a look at the Federal Bureau of Investigation a year ago, it was in virtual turmoil, less than a year ago. Mark Warner, D-Virginia, said they will continue their investigation into Russian meddling in the presidential election, in the wake of FBI Director James Comey's firing. Read More »

Snap Misses Earnings, User Growth Targets After IPO

Snap shares were initially priced at $17 in March before beginning trading at $24. Snap Inc reported a rise in daily active users to 166 million, up 36% from 122 million a year earlier, but not a huge increase since the IPO , and well below the 200 million users of Instagram Stories. Read More »

Oil rises as countries join OPEC cuts

Energy Information Administration said . According to EIA, oil output in the country reached 1.88 million barrels per day in 1Q2017 and is expected at 1.89 million barrels per day, 1.9 million barrels per day and 1.92 million barrels per day in the second, third and fourth quarter of the year, respectively. Read More »

What beef? China, US seal trade agreement as ties warm up


The plan struck a tone of cooperation after a bruising spiral of retaliatory sanctions and mutual trade complaints. After the meeting at Mr Trump's Florida golf resort Mar-a-Lago, both men agreed to take steps to trim the USA trade deficit with China , which reached almost $350 billion a year ago. Read More »

Acting FBI director contradicts White House's claim about Comey's support within bureau

In an interview with NBC on Thursday , the president revealed that he had spoken with Comey multiple times about the Russian Federation investigation, including two phone calls and a dinner, before ultimately choosing to dismiss him. An ex-FBI agent, Rogers drew the backing of the FBI Agents Association, which said his diverse background makes him the best choice. "There has been no effort to impede our investigation to date", acting director Andrew McCabe told the Senate ... Read More »

Manhunt for hackers behind global cyberattack


Security researchers said they observed some victims paying via the digital currency bitcoin, though they did not know what percent had given in to the extortionists. The attackers encrypted computer systems of hospitals in Britain locking out doctors from critical patient data and also disrupting the logistic movement turning back thousands of patients from hospitals. Read More »

N.Korea fires missile days after new S.Korea leader pledges dialog


USA military bases in South Korea and Japan are vital to the CIA's intelligence-gathering efforts, which are aimed at getting a better understanding of North Korea's "unpredictable" leader Kim Jong-un. "North Korea's missile launch is a serious threat to Japan and clearly violate against the United Nations resolution". It said President Donald Trump's "maximum pressure and engagement" policy is only aimed at "stifling us" and will compel the North to "strengthen our nuclear deterrent at the ... Read More »

Trade deal feeds China taste for beef, won't close deficit

Applicable U.S. federal regulatory authorities remain committed to apply in the United States the same bank prudential supervisory and regulatory standards to Chinese banking institutions as to other foreign banking institutions, in like circumstances and in accordance with U.S. Read More »

As Congress touts spending deal, Trump calls for shutdown

Mr. Trump complained in a pair of tweets about the government spending deal that the Republican majority had to negotiate with Democrats because of the 60-vote hurdle in the Senate to advance the measure. Senate Republicans recently triggered the "nuclear option" to eliminate the 60-vote filibuster threshold for Supreme Court Justice Neil Gorsuch. "One that really drives the message back home to people that it really was as broken as they thought it was when they voted for Donald ... Read More »

China to work closely with Pakistan, says ambassador Sun Weidong

Ning said. He said better infrastructure can lead to more trade, jobs and investment. Created to finance the Belt and Road Initiative, the Silk Road Fund was officially founded in December 2014 and jointly backed by China's foreign exchange reserves, the China Investment Corp., the Export-Import Bank of China (China EximBank) and China Development Bank (CDB). Read More »

Portugal wins Eurovision Song Contest in Kiev


Portugal has won the Eurovision song contest for the first time in 53 years. The song was written and staged by Sobral's sister, Luisa, who also filled in for her brother during the first and second rehearsals due to his heath conditions. Read More »

US Homeland Security: No announcement Friday on laptop ban expansion

The Trump administration is preparing to ban large electronic devices from the cabins of flights from Europe, extending restrictions imposed earlier this year on flights from 10 airports in the Middle East and Africa. this summer, according to industry data. The current ban, in place on 10 mostly Middle Eastern cities since March, affects about 50 flights per day. Read More »

US Cattle Producers To Access $2.6B Chinese Beef Market in July


The areas dealt with in the initial agreement represent export opportunities that American companies have long sought. But while the agreement touches on numerous trade barriers American companies have long complained about, it remains to be seen how far China will go to allow more American exports. Read More »

BoE unlikely to hike rates until after Brexit deal finalised

The central bank trimmed its forecast of growth this year to 1.9 per cent from 2.0 per cent, but nudged up its forecasts for 2018 and 2019 to 1.7 per cent and 1.8 per cent. Sterling also fell against the euro and the yen, easing to 0.8445 per euro and 146.57 yen respectively in afternoon European trading. Raising rates would help keep a cap on inflation, but also remove support for the economy's growth. Read More »

Allegations fly thick and fast as Mishra continues fast, AAP MLA detained

Mishra said this after party legislator Sanjeev Jha announced a hunger strike to counter the rebel Mishra's ongoing fast. Mishra arrived at the ACB office at noon to record his statement and spent around an hour and a half there. "We have thus advised hospitalisation", said Dr Javed Salam of the Aruna Asaf Ali Hospital who examined him. Mishra was taken into an ambulance for treatment. Read More »

Bank of England says rates may need to rise before late 2019

Governor, Mark Carney, told reporters: "With wage growth moderating and inflation picking up, both household spending and GDP growth have slowed markedly". The BoE said it could only do so much to offset a Brexit hit to the economy, and Carney said the two-year process of leaving the European Union did not mean its hands were tied over monetary policy. Read More »

Trump warns Comey not to leak conversations

In an interview with United States news network NBC on Thursday, Trump revealed that he had asked Comey on three occasions whether he was under investigation as part of the FBI's probe into Russia's meddling in last year's presidential election and possible collusion with the Trump campaign team. Read More »

Crisis Averted: Hollywood Writers Won't Be Striking After All

Hollywood is facing a cliffhanger after members of the Writers Guild of America voted overwhelmingly to authorize a strike that could begin as soon as May 2, the day after the current contract ends. LOS ANGELES - The contract for television and film writers has expired without an indication of whether a strike is imminent that could send some popular TV shows into immediate reruns. Read More »