Finance

by | August 09, 2019 | 12:36

But the trading point was firmer than traders had expected, and was seen as a signal that authorities wanted to stabilise the decline in the currency. But it reached US$168.5 billion in the first seven months of 2019, highlighting continued imbalances which have been a core complaint of Trump's in his administration's negotiations with Beijing.

by | August 09, 2019 | 12:38

OH billionaire Leslie Wexner said in a letter that he recovered "some of the funds" but severed ties with Epstein in 2007 as sexual abuse allegations surfaced against him in Florida. Epstein also later took ownership of Wexner's Manhattan mansion on East 71st Street, the same mansion that court documents are now demanding Epstein forfeit because numerous alleged acts of child sex trafficking and assault took place at his home.

by | August 09, 2019 | 11:15

A full list is expected to be released before the stores begin closing in the fall. Walgreens said it also plans to close 119 of those locations. Walgreens said it hopes to save one-point-five billion dollars in annual expenses by the 2022 fiscal year.

by | August 09, 2019 | 10:00

Uber chief executive Dara Khosrowshahi and marketing team boss Jill Hazelbaker announced the restructuring internally, along with an aim of making the company's brand message more consistent, according to the company. Lyft shares were rallying by 8% to $65.22 in after-hours trading. Uber has set its sights on becoming a global one-stop-shop for transportation and logistics, competing not just with ride-hailing rivals but tech giants such as Amazon.

by | August 08, 2019 | 16:28

FedEx said on Wednesday that "the recent announcements related to our FedEx Ground network have us positioned extraordinarily well". It still provides Amazon with air shipments internationally. "This move is a logical progression after letting its Express contract expire in June", Klaskow said. It's hard for me to believe that FedEx is simply finding its backbone and holding a firmer line on pricing with Amazon.

by | August 08, 2019 | 16:06

Brent crude was up 67 cents at $56.90 a barrel by 1130 GMT, after hitting a session high of $58.01. West Texas Intermediate (WTI) crude futures fell 20 cents, or 0.37%, from their last close to $53.43 per barrel. Crude oil shipments into China , the world's largest importer, in July rose 14% from a year earlier as new refineries ramped up purchases. The efficacy of OPEC aside, it seems all eyes are now focused somewhat desperately on a better 2020: Russell Hardy , chief executive ...

by | August 08, 2019 | 07:26

Global growth concerns have risen as the trade war between the world's two biggest economies the U.S. and China sparked a stampede into perceived "safe-haven" assets. While the fall in rupee may not be a bad thing, a currency under pressure might tie the Reserve Bank of India's rate setting committee's hands in cutting interest rates aggressively.

by | August 08, 2019 | 04:12

Britain could experience shortages of some fresh foods for weeks or even months if the country leaves the European Union without a trade deal. President Trump had told reporters after his first conversation with new Prime Minister Boris Johnson that a trade deal with post-Brexit Britain could be "three to four, five times" bigger than it is now.

by | August 08, 2019 | 01:43

Marshall's actions illustrate the challenges Walmart faces as it becomes a big employer of coastal technology workers, who tend to be younger and more left-leaning than its store and warehouse staff. But according to a spokesman quoted in the Washington Post , Walmart has no plans to change its policies on gun sales and in-store carrying. In March 2019, Dick's also said it would pull guns and ammunition off the shelves of 125 of its 720 store, a decision the company said it took because ...

by | August 07, 2019 | 23:13

GateHouse had to borrow $1.8 billion from private equity firm Apollo Global Management to complete the Gannett deal. It would be the largest US newspaper company by far, with a print circulation of 8.7 million, 7 million more than the new No.

by | August 07, 2019 | 19:56

India's e-commerce giant Flipkart said on Tuesday that it is revamping its shopping app to add support for Hindi language, a video streaming service , and an audio-visual assistant, the latest in a series of recent efforts to expand its reach in the country.

by | August 07, 2019 | 18:58

They clashed over style - with Mr Flint focused on issues such as conduct and Mr Tucker taking a more data-driven approach - and priorities, as Mr Flint failed to address the slow-growth United States business, say people familiar with the matter.

by | August 07, 2019 | 17:32

The index dropped 3% on Monday, its worst loss since December. The move rattled investors, sending the Dow tumbling as much as 961 points Monday before scraping back to its 767-point deficit at the finish. The S&P 500 fell 68 points, or 2.3%, to 2,863. The yield on the 2-year word sank to 1.58% from 1.71% a day earlier. "So one-sided, it should have been stopped many years ago!" Investors recoiled as the trade conflict that has dragged down the two most powerful economies for more than a ...

by | August 07, 2019 | 16:24

On the financial market performance off-late the RBI said that they were driven by the monetary policy stances of major central banks and intensifying geo-political tensions. CPI inflation is projected at 3.1 per cent for Q2 FY20 and 3.5-3.7 per cent for H2 FY20, said RBI. Noting that inflation is now projected to remain within the target over a 12-month ahead horizon, the MPC said since the last (June) policy, domestic economic activity continues to be weak, with the global slowdown and ...

by | August 07, 2019 | 12:40

Department of Justice. "Now he will be held accountable for the fraud and the lives he has derailed". Fahd allegedly paid the insiders tens of thousands of dollars – paying one coconspirator $428,500 over the five-year scheme. If it is connected to the phone network's plan, customers pay a fraction of that cost in the form of monthly installments. After some of the co-conspirators were fired by AT&T, the remaining co-conspirator employees aided Fahd in developing and installing additional ...

by | August 07, 2019 | 11:25

The surprise super-sized rate cut across the Tasman had flow-on effects for the Australian dollar, which slumped as much as a cent against the Greenback, hitting a 10-year low of 66.78 USA cents and trading at 66.9 by 1:30pm (AEST). 'In the absence of additional monetary stimulus, employment and inflation would likely ease relative to our targets'. New Zealand's economy relies on the country selling agricultural goods overseas, in particular milk powder to China, and on tourism.

by | August 07, 2019 | 07:07

And, according to CNBC , former Fed Vice Chairman Alan Blinder said he would not be surprised if the USA were to retaliate against China in the currency markets. The China Daily said in an editorial on Tuesday that the yuan was weak as a result of "unilateral and protectionist moves by the USA government" and said long-term exchange rates were decided by "economic fundamentals".

by | August 07, 2019 | 05:42

Venezuela has been plunged into a political crisis following the attempted overthrow of Maduro by opposition leader Juan Guaidó in January. But China and Russian Federation have continued to back Maduro, prompting USA national security adviser John Bolton to warn the two countries on Monday against doubling down in their support for him.

by | August 07, 2019 | 04:46

Walt Disney Co . reported a steeper earnings decline than Wall Street expected on Tuesday as the company poured money into the streaming media business it is building to challenge Netflix. It seems Disney could be debating internally whether or not the studio can still produce R-rated Deadpool films in sync with the two massively successful previous films at Fox, while also having the character crossover into the family-friendly Marvel Cinematic Universe.

by | August 06, 2019 | 20:29

The flying vehicle is essentially a large drone , with four propellers, that is capable of carrying passengers. Many other similar VTOL multi-copter projects are popping up around the world, such as Uber Air of the U.S. NEC said it plans to provide its technology for flying the cars to engineers' group Cartivator , with which it signed a sponsorship agreement past year.

by | August 06, 2019 | 19:11

Apple Card requires that users have upgraded to iOS 12.4 in order to use it. If you signed up to be notified when the Apple Card is available, check your inbox. The color of the card will shift and blend according to the kinds of things you buy. Shop for entertainment related items and the card shifts into a mix of orange and pink.

by | August 06, 2019 | 13:43

The tariffs may also force the Federal Reserve to again cut interest rates to protect the US economy from trade-policy risks, experts said. The US last week announced that it would impose a 10 per cent tariff on Chinese imports worth United States dollars 300 billion starting September 1 and said it could raise duties further if China's President Xi Jinping failed to move more quickly towards a trade deal.

by | August 06, 2019 | 09:57

That is in contrast to an April interview with chief of Huawei's Consumer Business Group Richard Yu who told a German publication that the Chinese vendor prepared its own operating system in the case that it's no longer able to use Google's Android OS.

by | August 06, 2019 | 05:23

Workers for the Unite union have called off their planned strike for Monday, August 5, at London's Heathrow Airport . In a statement , Unite said a planned strike on Tuesday August 6 was still going ahead if talks failed to prevent it.

by | August 06, 2019 | 04:16

U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are trading lower on Monday but inside last Thursday's wide range. Brent crude futures LCOc1 were down 71 cents, or 1.15%, to $61.18 per barrel by 0840 GMT.