Finance

by | June 09, 2019 | 13:07

It was hoped that a strong labour market would obviate the need for it to cut the cash rate from a record low 1.5 per cent, but another round of weak economic data-most notably an unexpected rise in the unemployment rate for April to 5.2 per cent-sealed the cut on Tuesday.

by | June 09, 2019 | 13:09

International Monetary Fund (IMF) Managing Director Christine Lagarde (R) and European Central Bank (ECB) President Mario Draghi (L) speak prior to the G20 finance ministers and central bank governors meeting in Fukuoka on June 8, 2019.

by | June 09, 2019 | 12:41

Chinese rare earth prices are set to climb further beyond multi-year highs hit following a flurry of state media reports that Beijing could weaponize its supply-dominance of the prized minerals in its trade war with Washington. A technician works at a rare earth processing company in Ganzhou, Jiangxi province. Negotiations for supply to the US Department of Defence and Defence Logistics Agency gave Lynas the confidence to enter into a joint venture with Blue Line Corp to build the only ...

by | June 09, 2019 | 04:09

Many members of Trump's Republican Party and business allies have urged him to reconsider - or at least postpone actually implementing the tariffs as talks continue - citing the potential harm to American consumers and manufactures. But the tariffs also drew unusually strong opposition from Trump's fellow Republicans, especially lawmakers from farm states who anxious about losing their second largest worldwide market.

by | June 08, 2019 | 16:41

The $530 million prize is the largest claimed in the game since October 2018, when someone in SC anonymously claimed a record $1.5 billion jackpot. A ticket purchased in Colorado is valued at $2 million because the buyer spent an extra $1 to exercise the Megaplier option.

by | June 08, 2019 | 12:54

President Donald Trump's threat last week to slap tariffs on Mexican goods, exacerbating fears that global economic growth will slow and cut demand fuel. The group plans to decide later this month or in early July whether to continue the supply curbs. To me, that means drawing down inventories from their now elevated levels, ' Saudi energy minister Khalid al-Falih said, according to Arab News .

by | June 08, 2019 | 07:43

In addition to the demands from the French state, French labor unions were anxious about jobs and Nissan felt betrayed by a partner with which it was already trying to smooth rocky relations. The merger talks collapsed Wednesday night after the French government - Renault's top stakeholder - asked for more time to get support from Renault partner Nissan .

by | June 08, 2019 | 06:37

Just three days after announcing it would issue commercial licenses for cutting-edge 5G wireless services " soon ", the Ministry of Industry and Information Technology (MIIT) has carried through on that pledge, according to a just-released announcement on its website.

by | June 07, 2019 | 23:10

Through in-home delivery service, a Walmart associate acts as a personal shopper and will deliver grocery orders to private homes. The Walmart associates who deliver the groceries will go through an extensive training program to ensure they treat customers' homes with care and respect.

by | June 07, 2019 | 21:10

National Doughnut Day is Friday, June 7, and to celebrate, several bakeries and doughnut shops throughout Utah are offering freebies and deals. Representatives from the VCP will be at Hurts from 7 a.m.to 2 p.m. Blackbird Doughnuts All four locations of Blackbird Doughnuts will scrap their current seasonal menu and replace it with a lineup of all-time fan favorites, including The Blackbird, lemon poppy, Purple Cow, coconut cold brew, salted toffee, guava glaze, and more.

by | June 07, 2019 | 17:18

If done, the Monetary Policy Committee's unanimous decision will make borrowing cheaper and prompt consumers to borrow and spend on homes, cars or consumer durables. "However, the overall slowdown in growth was cushioned by a large increase in government final consumption expenditure (GFCE)", it said. "The path of CPI inflation is revised to 3.0-3.1% for H1:2019-20 and to 3.4-3.7 % for H2:2019-20, with risks broadly balanced", the RBI said.

by | June 07, 2019 | 15:27

The technology would work similarly to how email programs can automatically send emails to a junk or spam folder. In April, Congress reintroduced legislation that would improve policies to criminalize robocalling and make tracing of those calls faster.

by | June 07, 2019 | 11:41

In response to this Chinese backtracking, the United States moved forward with the previously-announced rate increase on Chinese imports and announced tariffs on additional Chinese imports, it read. Beijing released a "White Paper" on Sunday, which set out China's position in trade talks including some of its prerequisites for a deal. China does not want a trade war, but it is not afraid of one.

by | June 07, 2019 | 04:28

The first tariffs - 5% taxes on imports from Mexico - are to go into effect next Monday, and Trump has said that is "more likely" than not to occur despite stiff and vocal opposition from many fellow Republicans in Congress. If the 5% tariff is triggered but Mexico follows through on promises to crack down on migration, the duties could be short-lived, the official said. As Wednesday's talks ended, Ebrard said, "What we want to avoid is the impact of the tariffs for the two economies, for ...

by | June 07, 2019 | 03:56

Stocks jumped on the news as Powell addressed trade negotiations in remarks at a conference sponsored by the Federal Reserve Bank of Chicago: "We are closely monitoring the implications of these developments for the USA economic outlook and, as always, we will act as appropriate to sustain the expansion", Powell said .

by | June 06, 2019 | 19:38

The French government, Renault's top shareholder, reportedly raised concerns over how the merger would align with the carmaker's long-standing alliance with Nissan. Fiat Chrysler Chairman John Elkann , a member of Italy's elite Agnelli family and a direct descendant of Gianni Agnelli, sought to defend the original terms proposed and went on to "iron out most differences with representatives of the French government, led by finance minister Bruno Le Maire", according to AN.

by | June 06, 2019 | 17:30

The manufacturing Purchasing Managers' Index ( PMI ) was 49.4, down from 53.1 in April when it was lifted by stockpiling ahead of the UK's expected European Union exit. Output contracted, new orders fell, and the input costs remained at their softest level in over four years. Supply chain pressures persisted in May, which led to another sharp lengthening of average lead times among vendors.

by | June 06, 2019 | 10:14

The Commonwealth Bank has announced that it will pass on the rate cut in full to all of its standard variable home loans. We'll also be looking at whether the banks will pass on a cut to mortgage holders in the event that the RBA does reduce rates.

by | June 06, 2019 | 05:27

Trump's economic adviser, Peter Navarro, said Wednesday that Mexico needs to enforce its own laws in respect to the migrants, noting that they " are much stronger than ours ". Ebrard has rejected the idea. Vice President Mike Pence taking part in discussions with Mexico's Foreign Minister Wednesday. Secretary of State Mike Pompeo is also scheduled to take part in the talks.

by | June 06, 2019 | 05:12

Earlier in the day, a person briefed on the matter said Fiat Chrysler and the French government had reached a tentative deal on terms for the potential merger, a good sign for the plan, but no guarantee it would be approved. Fiat Chrysler had proposed that its shareholders receive a 2.5 billion euro ($2.8 billion) special dividend as part of the merger, had it been completed.

by | June 06, 2019 | 03:51

Markets now look forward to the official United States government weekly crude stockpiles data due to be published by the Energy Information Administration (EIA) at 1430 GMT for fresh trading impetus. The so-called OPEC+ alliance has been withholding supply since the start of the year in order to drain oversupply and prop up prices. Experts think the most immediate possibility of relief for depressed crude prices is the Organization of the Petroleum Exporting Countries (OPEC), which will ...

by | June 05, 2019 | 22:45

Amazon UK country manager, Doug Gurr, said that small businesses are one of the company's most important consumer groups. Amazon hasn't worked alone on this pop-up shop initiative in the UK. An independent research consultant has been commissioned to produce a detailed analysis of the impact of the pilot, and will submit its findings to the Government following the call for new ideas to inform the Future High Streets strategy.

by | June 05, 2019 | 22:05

According to NBC Washington , the bodies of Nathaniel Edward Holmes , 63, and his fiancee Cynthia Ann Day , 50, were found inside their rooms at the Baha Principe hotel in Playa Nueva Romana on the southeast coast of the island. The couple posted photos of themselves on Facebook enjoying time on the beach, wading in the turquoise blue waters of the Caribbean, riding all-terrain vehicles and cruising on a boat.

by | June 05, 2019 | 21:39

However, as of yet, there is no concrete evidence that Huawei has been building "back-doors" to its products for the Chinese government. In light of recent events, numerous reports came in that Huawei has cut off a part of its smartphone production over at Foxconn's plants but no information whether this is permanent or temporary until the United States ban issue gets resolved.

by | June 05, 2019 | 20:56

Reuters reported that the DOJ has been given jurisdiction over a potential probe of Apple . Facebook tumbled as much as 9.3% to $161.01, the most since July. The report Monday said the Justice Department, in turn, will lead the Google probe. Google and Facebook are in the crosshairs of potential U.S. antitrust probes that could disrupt their businesses or even break them apart - but it's not the first time they have faced heat from the feds.