Finance

by | July 11, 2019 | 05:55

The 10-year US Treasury yield was at 2.052 per cent after dropping yesterday from a three-week high of 2.113 per cent following the Fed chair's congressional testimony. The strong comments from the most powerful US financial regulator underscored the growing regulatory hurdles facing the proposed cryptocurrency, which has drawn scrutiny from policy-makers globally.

by | July 11, 2019 | 04:55

A United States official confirmed the call and said the continued negotiations were aimed at resolving the outstanding trade disputes between the two countries. Prior to the Trump-Xi meeting, trade talks had stalled between the two countries for six weeks, after Beijing reneged on commitments negotiated over months of talks, according to USA officials.

by | July 11, 2019 | 04:25

In its latest interest rate announcement, the Bank of Canada is maintaining its overnight interest rate target at 1.75%, marking its sixth straight decision to hold steady, since raising it last October. "It seems quite possible that we are going to get a pretty meaningful series of interest rate reductions from the Fed going forward here, and the Bank of Canada, in contrast, is suggesting that to a large extent it is going to sit this one out".

by | July 10, 2019 | 22:02

Iran has long threatened to close the Strait of Hormuz, through which nearly a fifth of the world's oil passes, if itwas unable to export its oil due to USA sanctions. OPEC and allied producers led by Russian Federation agreed last week to extend their supply-cutting deal until March 2020. Additionally, OPEC's monthly report is also scheduled to come out on Thursday, while the International Energy Agency's own monthly oil report will come out later this week on Friday.

by | July 10, 2019 | 20:40

In prepared testimony ahead of a House hearing, Powell highlighted continued uncertainty about trade as a drag on USA growth, amplifying his message from recent appearances that have been widely seen by investors as opening the door to an interest rate cut.

by | July 10, 2019 | 20:30

Red Hat , an open-source enterprise software maker, will be a unit of IBM's cloud division. Cormier again worked to counter those fears Tuesday, repeating the recent words of Ginni Rometty , IBM's chairman, president and CEO, who said that IBM has no desire to meld the cultures of the two very different companies together.

by | July 10, 2019 | 17:43

The change in the PPI was the lowest since August 2016 when the index last fell year-on-year. In June, fruit prices hit a record high by climbing 42.7 percent from a lower base a year ago and 5.1 percent month on month. Food prices grew 8.3 percent year on year last month, up from 7.7 percent in May. A further rise in CPI growth will not prevent China's central bank from loosening monetary policy as supply disruptions are chiefly to blame, they added.

by | July 10, 2019 | 16:01

While expectations of a quarter point rate cut is firmly baked into the market, hopes of a 50-basis point cut has dropped to zero from almost 20% a month ago, according to CME's Fedwatch. Fed Chairman Jerome Powell is due to appear before Congress on Wednesday and Thursday for his semiannual testimony, and is likely to be questioned about his willingness to ease policy.

by | July 10, 2019 | 15:03

And it may inspire the bank to accelerate its plans to speed up its own project to develop a digital currency. Beijing, in particular, is anxious that US-controlled digital currency might undermine its financial sovereignty. Mu said digital currencies can be used for lending, could disrupt monetary policy, and induce foreign exchange risks in economies with a volatile local currency.

by | July 10, 2019 | 10:54

Erdogan said: "The preparations for the journey, the loading [of the S-400] is continuing". The S-400 system was loaded onto two cargo planes on Monday night. Trump, after meeting Erdogan on the sidelines of the Group of 20 summit, appeared convinced by the Turkish leader's assertion that former president Barack Obama did not allow Ankara to buy Patriot missiles.

by | July 10, 2019 | 10:10

The taco will be filled with seasoned beef, shredded cheddar cheese, and crisp lettuce, all of your standard taco fillings. It's also worthy to note that Burger King has been offering tacos on the west coast for several years. The Crispy Taco has returned to BK's menu for the first time in more than a decade. Burger King fans around the country can score tacos from the fast-food chain's menu ⁠- at least, for now.

by | July 10, 2019 | 03:41

By merging with a listed entity, Virgin will bypass the need for an initial public offering, avoiding a costly investor roadshow and the challenge of selling shares in a company whose plans were put on hold for four years in 2014 after a space-plane broke up mid-flight, killing one pilot and injuring another.

by | July 09, 2019 | 18:30

The initiative comes after Instagram has come under fire for not doing enough to tackle online bullying . Instagram has also announced that they will be releasing a feature which uses AI to flag potentially offensive comments and ask users if they want to follow through with posting the comments.

by | July 09, 2019 | 16:38

European Union governments are considering Bank of England Governor Mark Carney to replace Lagarde at the IMF, Bloomberg reported on Friday. The issue was discussed by euro zone finance ministers at a meeting on Monday, the chair of the meeting Mario Centeno told a news conference, but no decision was taken as the International Monetary Fund itself has not yet opened the procedure to find a new managing director.

by | July 09, 2019 | 16:12

The upgrade will be free for people who have already paid for the full self-driving package: how numerous 500,000 Teslas already on the roads that includes is not clear. The add-on package gives drivers access to Tesla's Navigate on Autopilot feature which guides the driver to make lane changes, navigate highway interchanges and even proactively exit highways.

by | July 09, 2019 | 15:56

In a statement , IAG said the UK Information Commissioner's Office intends to issue the airline with a penalty notice under the UK Data Protection Act, totalling £183.39 million ($229.7 million, 205 million euros). The body criticized BA for " poor security arrangements ", covering log-in, payment card, booking, name and address details. Through this false site, details of about 500,000 customers were harvested by the attackers, the ICO said.

by | July 09, 2019 | 15:27

National fast-food restaurant chain Chick-fil-A is giving away free food to any customer that dresses like a cow Tuesday as part of its annual Cow Appreciation Day . The celebration will start at the restaurant's opening and go until 7 p.m. local time , the company said. Children in costume can receive a free breakfast entree during breakfast hours or a free kid's meal after.

by | July 09, 2019 | 14:29

Wired also reported that following the revelation of these emails, 100 to 150 Microsoft employees protested the company's culture at a meeting with CEO Satya Nadella in April. "I have yet to meet any person who, in terms of picking talent, hyper-motivating that talent", who could match him. Apple "was on a path to die", Gates said, and yet it went on to become the most valuable company in the world with wonderful products.

by | July 09, 2019 | 12:56

It will be determined whether the cannabis meets the regulatory standards before it is allowed into the market. CannTrust has also voluntarily held ~7,500 kg of pot harvested at its Vaughan facility that was produced in previously unlicensed rooms until it can be verified as compliant.

by | July 09, 2019 | 09:56

Rogers Communications customers may be experiencing difficulties making phone calls Sunday evening as the company works to fix a countrywide wireless outage. According to CP24, Rogers claims that the interference is affecting people using 2G or 3G services on the Rogers, Chatr, or Fido networks. BNN Bloomberg is a division of Bell Media, which is owned by BCE .

by | July 09, 2019 | 09:43

We are bringing the fun back to shopping by allowing customers to fly through the world of Prime Day , stroll through its streets, play games and have an enjoyable experience. Prime Day may not have officially kicked off yet (despite there being plenty of Pre-Prime Day deals live right now.), but if you were wondering when Amazon's annual shopping event will start and end, you've come to the right place.

by | July 09, 2019 | 09:21

Oil markets posted weekly losses on concerns of weakening demand after data last week showed much smaller-than-expected decline in US crude inventories. "I think one of the reasons for sanctions against Iran and Venezuela is opening up the market for American oil sales", Oil Minister Bijan Namdar Zanganeh said in an interview with state TV late Sunday, a transcript of which was provided by his ministry's SHANA news agency.

by | July 09, 2019 | 08:43

Driver Romain Dumas completed the 1.86-kilometre course in just 39.90 seconds, breaking the long-standing record, which had stood for 20 years, by 1.7 seconds. After the victory on Pikes Peak and the e-record on the Nürburgring-Nordschleife, he has now achieved another milestone for electromobility. "The Goodwood Festival of Speed Hillclimb is one of the most iconic hillclimbs in the world".

by | July 09, 2019 | 07:56

US stocks were also weighed by losses in shares of Apple Inc (AAPL.O), following an analyst downgrade, and Boeing Co (BA.N), after a Saudi Arabian airline said it would not proceed with an order for its jets. Meanwhile, bond prices rallied and yields fell across Europe and in the US, reversing some of Friday's moves. President Tayyip Erdogan sacked Cetinkaya for refusing the government's repeated demands for rate cuts, raising questions about central bank independence.

by | July 09, 2019 | 05:27

Abdirahman Muse, the Executive Director of the Awood Center, a group that advocates for East African workers, said that these workers have been bemoaning conditions for nearly 18 months. Amazon has faced criticism from stateside employees, with Minnesota being one of the hotbeds of such worker activism. These include relaxing pressure on workers to meet quotas during Ramadan and the designation of a conference room as a prayer space.