Money


Trump blames Fed for stock rout, says central bank ‘ridiculous’ Trump blames Fed for stock rout, says central bank ‘ridiculous’
- October 13, 2018

The Fed is walking a narrow path, raising rates to return to a more normal interest rate environment but trying to keep the pace below where it might impact economic growth. If investors are on edge now because of this week's declines, they will be really rattled if the Fed lost its independence. "I'm paying interest at a high rate because of our Fed", he added, referring to the cost of servicing the United States deficit. (more...)
The passengers are ready for the world’s longest flight The passengers are ready for the world’s longest flight
- October 13, 2018

Singapore Airlines relaunched the service five years after it was cut because it had become too expensive. Thursday's flight will top the current longest direct air link between cities - Qatar Airways Flight 921 from Auckland to Doha, which takes 17 hours 40 minutes. (more...)
Boston Dynamics Robot Can Now Climb Stairs Boston Dynamics Robot Can Now Climb Stairs
- October 13, 2018

The robot "uses computer vision to locate itself with respect to visible markers on the approach to hit the terrain accurately ", the company said. A new video of the Atlas humanoid showing off proves that its backflips nearly a year ago were just the beginning. (more...)
Tesla: James Murdoch firming as chairman candidate Tesla: James Murdoch firming as chairman candidate
- October 13, 2018

Terms of the settlement also require "implementation of mandatory procedures to oversee and preapprove Mr. Musk's Tesla-related written communications that reasonably could contain information material to the company or its shareholders", and goes on to demand an "experienced securities lawyer" who will enforce and approve Musk's communications - including tweets. (more...)
Facebook: Hackers accessed 29 million accounts, fewer than thought Facebook: Hackers accessed 29 million accounts, fewer than thought
- October 13, 2018

Thirty million people have been affected by a massive hack of Facebook , with the attackers gaining access to millions of victims' highly sensitive personal data. This pool of 400,000 users allowed them to steal access tokens from the full 30 million , he continued. Facebook added that the bureau has asked it not to discuss who may be behind the attack. (more...)
China's trade surplus with USA widens to record $34.1bn China's trade surplus with USA widens to record $34.1bn
- October 12, 2018

China's trade surplus with the United States was $225.79 billion from January-September. China's large trade surplus with the United States has always been a sore point with Washington and is at the center of an increasing bitter dispute between the world's two biggest economies. (more...)
International Monetary Fund cuts global economic growth target to 3.7% International Monetary Fund cuts global economic growth target to 3.7%
- October 12, 2018

It predicted 2.9 percent USA growth this year, dropping to 2.5 percent next year, and to 1.8 percent in 2020, as the effect of US tax cuts wears off and the trade war with China inhibits growth. So, what you do see is that emerging market economies, which is where India is, there's a very fast buildup in private debt with a slowdown in the last two years, But India is basically steady. (more...)
International Monetary Fund chief defends Powell after Trump says Fed has 'gone crazy' International Monetary Fund chief defends Powell after Trump says Fed has 'gone crazy'
- October 12, 2018

By historic standards, interest rates remain low. "The Fed continues to flood the market with U.S. dollars", he said in one tweet. Those financial crisis-inspired programmes - such as quantitative easing - are now ending and the Fed has raised U.S. (more...)
Brexit deal next week 'within reach': Barnier Brexit deal next week 'within reach': Barnier
- October 12, 2018

Brexiteers and Northern Ireland's Democratic Unionists reacted angrily to the proposal, which Michel Barnier , the EU's chief negotiator, said meant a Brexit deal was now "within reach" by next week's key European Council . "She said that the nationalist party supported remaining in the customs union and single market because it would give the north continued unfettered access to the EU market of around 500 million people and the British market of 67 million". (more...)
Pakistan to seek International Monetary Fund bailout to overcome financial crisis Pakistan to seek International Monetary Fund bailout to overcome financial crisis
- October 12, 2018

World Bank Group President Jim Yong Kim said fintech would be particularly helpful to low-income countries, where access to financial services is low. If tariffs were imposed to their most extreme limits there would be a "clear slowdown and the impact on the developing countries would be greater", he said. (more...)
Dow Jones drops 832 points in third worst drop in history Dow Jones drops 832 points in third worst drop in history
- October 11, 2018

Wall Street stocks has plunged with major indices losing more than three percent in a sell-off prompted by the sudden jump in United States interest rates. Aphria Inc., which tumbled 3.6 per cent, was among the top decliners on the main index, after the cannabis producer said there was no investment deal in place. (more...)
Sears hires advisers for bankruptcy filing Sears hires advisers for bankruptcy filing
- October 11, 2018

Eddie Lampert, a hedge-fund manager who took over as Sears CEO in 2013, said in late September that despite changes in the way it does business, the future looked bleak for the once vibrant company . But many flailing retailers have tried that tactic before and failed (see: Toys "R" Us ). A department store chain that was once America's largest retailer is preparing for bankruptcy. (more...)
Trump on 831 Stock Market Drop: Fed Has Gone Crazy Trump on 831 Stock Market Drop: Fed Has Gone Crazy
- October 11, 2018

He adds, "I think the Fed has gone insane". The president said of the market losses, "Actually, it's a correction that we've been waiting for a long time". He said he didn't think the current rate of U.S inflation merits higher borrowing costs. The problem I have is with the Fed. The turmoil on stock markets came a day after the International Monetary Fund slashed its global growth forecast on worries about trade wars and weakness in emerging markets. (more...)
Global stocks tumble after Trump 'crazy' Fed comment Global stocks tumble after Trump 'crazy' Fed comment
- October 11, 2018

Netflix , for example, is still up more than 60 percent for the year, and Amazon is up almost 50 percent. The Dow Jones Industrial average fell 3.15 percent; the tech-heavy Nasdaq index dropped 4.08 percent. The benchmark Nikkei 225 dropped almost two percent at the open and extended losses to below the three-percent mark, as traders fretted about surging interest rates and an ongoing trade spat. (more...)
International Monetary Fund upgrades outlook on Russian Federation as economy recovers International Monetary Fund upgrades outlook on Russian Federation as economy recovers
- October 11, 2018

Finance Minister Asad Umar left for Indonesia on Monday night to participate in the annual meetings of the International Monetary Fund and World Bank at Bali, scheduled to run until October 12, and formally request a bailout programme, reports Dawn news. (more...)
Trump 'demanding' answers from Saudis on Jamal Khashoggi case Trump 'demanding' answers from Saudis on Jamal Khashoggi case
- October 11, 2018

He must then report to the Senate within 120 days with a determination and a decision on the imposition of sanctions. He served as an adviser to senior Saudi officials. The Washington Post reported Wednesday evening that USA intelligence intercepts outlined a Saudi plan to detain Khashoggi. There are also reports that Turkish intelligence is in possession of a video showing Khashoggi's murder. (more...)
Tech stocks lead Wall Street slump as investors shun risk
- October 11, 2018

Many observers expected that would trigger a sell-off in the stock market as investors flooded their cash into Treasurys. The biggest driver for the market over the past week has been interest rates, which began spurting higher following several encouraging reports on the economy. (more...)
Optus' Google Pixel 3 And Pixel 3 XL Plans And Pricing Optus' Google Pixel 3 And Pixel 3 XL Plans And Pricing
- October 11, 2018

At the launch event there were a couple of occasions where users struggled to get it acknowledge their tapping, so it'll be interesting to see just how intuitive it is over a longer period of time. Both smartphones run Android Pie 9.0 and come with all the new AI and machine learning features that were announced during the Google I/O event held earlier this year. (more...)
Iran refutes Saudi claim that can meet post-sanctions oil demand Iran refutes Saudi claim that can meet post-sanctions oil demand
- October 10, 2018

USA crude was down 0.7 percent at $73.80 a barrel. The Trump administration is considering waivers on sanctions , a us government official said on Friday. United States sanctions against Iran will kick in from 4 November, which will block payment routes. "This time round, because there is so much less of a consensus on the sanctions from other countries, there will be even more of a push to obtain exceptions or find ways to walk around the sanctions". (more...)
IMF cautions Pakistan against increasing Chinese involvement in economy
- October 10, 2018

The IMF said a new data base in its semi-annual Fiscal Monitor report showed considerable net worth in 31 countries that account for 61 per cent of global economic output. "India's medium-term growth prospects remain strong at 7.75 per cent, benefiting from ongoing structural reform", it added . "We are concerned about the downturn in economic growth", noted Jubilee USA Executive Director Eric LeCompte. (more...)

« previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 275 276 277 278 279 280 281 282 283 284 285 286 287 288 289 290 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 321 322 323 324 325 326 327 328 329 330 331 332 333 334 335 336 337 338 339 340 341 342 343 344 345 346 347 348 349 350 351 352 353 354 355 356 357 358 359 360 361 362 363 364 365 366 367 368 369 370 371 372 373 374 375 376 377 378 379 380 381 382 383 384 385 386 387 388 389 390 391 392 393 394 395 396 397 398 399 400 401 402 403 404 405 406 407 408 409 410 411 412 413 414 415 416 417 418 419 420 421 422 423 424 425 426 427 428 429 430 431 432 433 434 435 436 437 438 439 440 441 442 443 444 445 446 447 448 449 450 451 452 453 454 455 456 457 458 459 460 461 462 463 464 465 466 467 468 469 470 471 472 473 474 475 476 477 478 479 480 481 482 483 484 485 486 487 488 489 490 491 492 493 494 495 496 497 498 499 500 501 502 503 504 505 506 507 508 509 510 511 512 513 514 515 516 517 518 519 520 521 522 523 524 525 526 527 528 529 530 531 532 533 534 535 536 537 538 539 540 541 542 543 544 545 546 547 548 549 550 551 552 553 554 555 556 557 558 559 560 561 562 563 564 565 566 567 568 569 570 571 572 573 574 575 576 577 578 579 580 581 582 583 584 585 586 587 588 589 590 591 592 593 594 595 596 597 598 599 600 601 602 603 604 605 606 607 608 609 610 611 612 613 614 615 616 617 618 619 620 621 622 623 624 625 626 627 628 629 630 631 632 633 634 635 636 637 638 639 640 641 642 643 644 645 646 647 648 649 650 651 652 653 654 655 656 657 658 659 660 661 662 663 664 665 666 667 668 669 670 671 672 673 674 675 676 677 678 679 680 681 682 683 684 685 686 687 688 689 690 691 692 693 694 695 696 697 698 699 700 701 702 703 704 705 706 707 708 709 710 711 712 713 714 715 716 717 718 719 720 721 722 723 724 725 726 727 728 729 730 731 732 733 734 735 736 737 738 739 740 741 742 743 744 745 746 747 748 749 750 751 752 753 754 755 756 757 758 759 760 761 762 763 764 765 766 767 768 769 770 771 772 773 774 775 776 777 778 779 780 781 782 783 784 785 786 787 788 789 790 791 792 793 794 795 796 797 798 799 800 801 802 803 804 805 806 807 808 809 810 811 812 813 814 815 816 817 818 819 820 821 822 823 824 825 826 827 828 829 830 831 832 833 834 835 836 837 838 839 840 841 842 843 844 845 846 847 848 849 850 851 852 853 854 855 856 857 858 859 860 861 862 863 864 865 866 867 868 869 870 871 872 873 874 875 876 877 878 879 880 881 882 883 884 885 886 887 888 889 890 891 892 893 894 895 896 897 898 899 900 901 902 903 904 905 906 907 908 909 910 911 912 913 914 915 916 917 918 919 920 921 922 923 924 925 926 927 928 929 930 931 932 933 934 935 936 937 938 939 940 941 942 943 944 945 946 947 948 949 950 951 952 953 954 955 956 957 958 959 960 961 962 963 964 965 966 967 968 969 970 971 972 973 974 975 976 977 978 979 980 981 982 983 984 985 986 987 988 989 990 991 992 993 994 995 996 997 998 999 1000 1001 1002 1003 1004 1005 1006 1007 1008 1009 1010 1011 1012 1013 1014 1015 1016 1017 1018 1019 1020 1021 1022 1023 1024 1025 1026 1027 1028 1029 1030 1031 1032 1033 1034 1035 1036 1037 1038 1039 1040 1041 1042 1043 1044 1045 1046 1047 1048 1049 1050 1051 1052 1053 1054 1055 1056 1057 1058 1059 1060 1061 1062 1063 1064 1065 1066 1067 1068 1069 1070 1071 1072 1073 1074 1075 1076 1077 1078 1079 1080 1081 1082 1083 1084 1085 1086 1087 1088 1089 1090 1091 1092 1093 1094 1095 1096 1097 1098 1099 1100 1101 1102 1103 1104 1105 1106 1107 1108 1109 1110 1111 1112 1113 1114 1115 1116 1117 1118 1119 1120 1121 1122 1123 1124 1125 1126 1127 1128 1129 1130 1131 1132 1133 1134 1135 1136 1137 1138 1139 1140 1141 1142 1143 1144 1145 1146 1147 1148 1149 1150 1151 1152 1153 1154 1155 1156 1157 1158 1159 1160 1161 1162 1163 1164 1165 1166 1167 1168 1169 1170 1171 1172 1173 1174 1175 1176 1177 1178 1179 1180 1181 1182 1183 1184 1185 1186 1187 1188 1189 1190 1191 1192 1193 1194 1195 1196 1197 1198 1199 1200 1201 1202 1203 1204 1205 1206 1207 1208 1209 1210 1211 1212 1213 1214 1215 1216 1217 1218 1219 1220 1221 1222 1223 1224 1225 1226 1227 1228 1229 1230 1231 1232 1233 1234 1235 1236 1237 1238 1239 1240 1241 1242 1243 1244 1245 1246 1247 1248 1249 1250 1251 1252 1253 1254 1255 1256 1257 1258 1259 1260 1261 1262 1263 1264 1265 1266 1267 1268 1269 1270 1271 1272 1273 1274 1275 1276 1277 1278 1279 1280 1281 1282 1283 1284 1285 1286 1287 1288 1289 1290 1291 1292 1293 1294 1295 1296 1297 1298 1299 1300 1301 1302 1303 1304 1305 1306 1307 1308 1309 1310 next »