Money

Wall Street tumbles as investors take the knife to tech companies

This time around, strong economic data anxious bond investors, who sent the benchmark yield on Tuesday to 3.261 percent, the highest since early May 2011. Bench...


Dow Jones closes down more than 800 points

The benchmark index fell for the fifth straight day, which hadn't happened since just before the 2016 presidential election. Today technology stocks saw their...


Google Pixel 3, 3 XL coming to India, but not everything else

Google also spent a bunch of time showing off the Hub's new recipe feature, a step-by-step guide that the company says is a ideal fit for the kitchen. Ther...


Sears appears to be preparing for a long expected bankruptcy filing

CNBC earlier reported that the company was arranging a bankruptcy loan, known as debtor-in-possession financing. The company faces a $134 million debt payment...


India buying Iran oil in defiance of Trump sanctions

Companies had turned off daily production of about 670,800 barrels of oil and 726 million cubic feet of natural gas by midday on Tuesday, according to offshore ...


IMF Raises Russia's GDP Growth Forecast to 1.8% in 2019

The IMF announced it had reduced its outlook on the global economy to a 3.7% growth rate for this year and next, down 0.2% from what it had originally predicted...


China Stocks, Yuan Tumbled Yesterday After PBOC Unveiled RRR Cut

The cut will fill in the liquidity gap of banks and put no downward pressure on the yuan, the central bank said in a statement , as the country's monetary poli...


Pakistan to seek International Monetary Fund bailout, stocks gain

The S&P 500 index edged 0.1 percent lower to 2,884.43, while the Dow Jones Industrial Average gained 0.2 percent to 26,486.78. It now expects the global economy...


Iran refutes Saudi claim that can meet post-sanctions oil demand

Additionally, the sudden formation of a hurricane in the Gulf of Mexico is creating worries for Gulf Coast refineries. U.S. West Texas Intermediate (WTI) crud...


USA may grant waivers on Iran crude sanctions

On the fall of crude price, oil watchers likened the cause on expectations that some Iranian oil exports will keep flowing despite USA sanctions, easing a strai...


Amazon's $15 an hour a win? Not so, veteran workers say

But some longtime employees say they are losing out. However, the new minimum wage will not include independent contractors , such Amazon Flex drivers. The...


Sales plunge forces Jaguar Land Rover to shut factory for two weeks

Chinese sales almost halved, falling 46.2 per cent, with JLR blaming import duty changes and trade tensions for hurting consumer appetite. "Customer demand in...


International Monetary Fund predicts India will grow at 7.3% in 2018-’19

Obstfeld said the impacts of trade policy and uncertainty are becoming evident at the macroeconomic level, while anecdotal evidence accumulates on the resulting...


Indian companies DEFY President Trump by purchasing Iranian Oil despite United States sanctions

Iran's crude exports fell further in the first week of October, according to tanker data and an industry source, taking a major hit from US sanctions and throw...


Top EU commissioners 'ruined Europe' - Italy's deputy PM Salvini

Mr Juncker said: " Italy is distancing itself from the budgetary targets we have jointly agreed at European Union level". "I would not wish that, after havin...


DHS: No Reason to Doubt Firms’ Denials of China Hack

A report published last week by Bloomberg Businessweek claimed that China had infiltrated servers of 30 USA companies, including Apple and Amazon . In a foll...


Nhlanhla Nene asks President Ramaphosa to relieve him of his duties

Nene has been under enormous pressure to resign. ANC officials are believed to be discussing Nene at a retreat‚ which ends today. "South Africa is undergoin...


Facebook's United Kingdom tax bill has tripled to £15.7m after bumper year

This left the company with a meagre operating profit of £62m, barely above the £58m it recorded in 2016, although its tax bill is more than triple the £5.1m it ...


Two Indian companies to buy Iranian oil in November: Dharmendra Pradhan

But the administration is "in the midst of an internal process" of considering exceptions called SRE waivers, or significant reduction exemptions, said a govern...


Resurrection? SEC to Begin Reviewing 9 Rejected Bitcoin ETFs

The GraniteShares Bitcoin ETF is an ETF that does not invest directly in bitcoins but in bitcoin futures, which are now traded on the CBOE Futures Exchang...


Maharashtra govt to cut diesel prices by Rs 1.56 per litre

The petrol and diesel prices have resumed the ascending trend today. Petrol rate is the highest in Mumbai and diesel rate is the highest in Chennai. In M...


5 million pounds of beef recalled for possible salmonella

Any consumers with ground beef in their refrigerators or freezers should check the product for establishment number "EST". The agency posted a 33-page list of...


Unilever cancels plan to move headquarters from London to Rotterdam after Brexit

After resistance from shareholders, however, the company will instead retain both its headquarters in the United Kingdom and the Netherlands. "Despite the gov...


Popeyes Now Serving 24K Gold Chicken Wings

Popeyes says the wings are available at the 3,000th restaurant, located at 868 C E Grand Street in Elizabeth, New Jersey. Popeyes Louisana Kitchen president ...


Crude oil stays steady with Iranian sanctions just a month away

Saudi Arabia's ARAMCO has said it will make up for market demands for crude in Iran's place. United States crude exports can not increase rapidly enough to ...


Haulage vehicles move to new Tokyo fish market

For some vendors, the changes will be a welcome improvement from conditions at Tsukiji, where throngs of visitors interfering with the actual business of the ...


Canada Added 63,300 Jobs in September

The September job gains indicate volatility continues in the jobs market after August saw a decline of more than 51,000 positions, when the unemployment rate wa...


Mega Millions, Powerball Jackpots Soar To Over $700 Million Combined

Get out those tickets to see if any of your numbers matched some of those from Friday's drawing . The previous jackpot was valued at $420 million . And the ...


United States unemployment rate falls to 3.7 pct in September

Warne is not concerned about the lower-than-expected number of jobs created in September, noting revisions within the past two months, which in total put the nu...


Precision announces merger with Trinidad

The Trinidad board is unanimously supporting the Precision offer and rejecting a previous hostile takeover bid of $1.68 per share cash from Ensign Energy Servi...