Finance

by | December 19, 2020 | 05:21

But optimism over a possible deal after many false starts has been tempered with concern over a resurgence of coronavirus cases in many Asian regions at a time when the rollout of vaccinations has barely begun. Sterling maintained gains despite senior British minister Michael Gove putting the chances of securing a trade deal with the European Union at less than 50%.

by | December 18, 2020 | 21:58

This would also include China's largest chipmaker SMIC , as per two sources close to the matter. WASHINGTON (AP) - The Trump administration blacklisted China's top chipmaker Friday, limiting the Semiconductor Manufacturing International Corp.'s access to advanced US technology because of its alleged ties to the Chinese military.

by | December 18, 2020 | 11:00

European stocks rose 1% to nine-month highs, with the UK's FTSE 100 index jumping 1.1%. Stocks rose to record highs around the world on Wednesday as drugmakers rolled out COVID-19 vaccines and USA congressional leaders expressed optimism about a stimulus deal, with the upbeat mood dragging the safe-haven dollar to 2-1/2 year lows.

by | December 18, 2020 | 10:39

On Wednesday, China reiterated calls for Canberra to act to improve relations. On Tuesday, Prime Minister Scott Morrison said Beijing had yet to confirm state media reports that Australia's multibillion-dollar coal exports are now subject to an informal ban.

by | December 17, 2020 | 20:41

After U.S. congressional leaders said substantial progress had been made in the months-long standoff on a second coronavirus relief package, Brent rose 32 cents to settle at $51.08 per barrel; West Texas Intermediate rose 20 cents to settle at $47.82 per barrel.

by | December 17, 2020 | 17:54

Officials don't expect to reach those goals for years, according to projections they released Wednesday. Federal Reserve Chair Jerome Powell said , "These measures will ensure that monetary policy will continue to deliver powerful support to the economy until the recovery is continue".

by | December 17, 2020 | 15:54

The draft rules prohibit the firms from unfairly favoring their own services on their platforms. The rules, known as the Digital Markets Act, allow for fines of up to 10% of annual global revenue and, controversially, set out three criteria for defining a gatekeeper: Companies that, for the past three years, have had annual European turnover of at least 6.5 billion euros ($8 billion); or a market value of 65 billion euros and at least 45 million monthly users; or 10,000 yearly business users.

by | December 17, 2020 | 13:10

In total, 384 organizations in 50 states, Puerto Rico and Washington, D.C., will share $4.1 billion in gifts, including food banks, emergency relief funds 'and support services for those most vulnerable.' Above, Scott with former husband Jeff Bezos in Sun Valley, Idaho in 2013.

by | December 16, 2020 | 22:41

To be labelled a manipulator, countries must at least have a US$20 billion-plus bilateral trade surplus with the United States, foreign currency intervention exceeding 2% of gross domestic product and a global current account surplus exceeding 2% of GDP.

by | December 16, 2020 | 17:22

The BSE Sensex settled 403.29 points or 0.87% higher at 46,666.46, while the NSE Nifty climbed 114.85 points or 0.85% to 13,682.70 - record closing for both the benchmarks. Similarly, the broader NSE Nifty fell 48.55 points or 0.36 % to 13,509.60. Manish Hathiramani, technical analyst with Deen Dayal Investments said: "The Nifty is edging slowly and steadily towards the upper end of the index range which is between 13,400 and 13,700".

by | December 16, 2020 | 15:37

Crown Resorts shareholders have filed a class-action lawsuit against the Australian casino company, alleging that it misled them about its anti-money laundering (AML) compliance. This one is a Federal lawsuit where shareholders are claiming millions from the casino operator due to the $1.3 billion market wipe out Crown suffered in 2016 when news broke of Crown employees being arrested in China over illegal gambling activities.

by | December 16, 2020 | 10:56

In response, the US's Cybersecurity and Infrastructure Security Agency (CISA) issued an emergency order on Sunday , calling on all government agencies to review their network for malicious activity and power down the affected SolarWinds IT product.

by | December 16, 2020 | 09:54

Zuckerberg made the comments in a conversation with Reliance Industries Limited (RIL) Chairman Mukesh Ambani . "With more than 60 million small businesses and millions of people around the country relying on them for jobs, these small businesses form a big part of what our partnership with Jio can serve here", he stated.

by | December 16, 2020 | 06:05

Tensions have grown over China's alleged foreign interference and influence in Australian affairs. Morrison denied the suggestion that he his government had mismanaged the relationship, to the detriment of the Australian economy, and doubled-down on Australia's support the prospect of a World Health Organisation (WHO) investigation into China's handling of the coronavirus outbreak - the speculated cause of the trade war.

by | December 16, 2020 | 01:14

In fact, industrial production grew at the fastest pace in 20 months in November, thanks to the revival in consumer spending and a gradual easing of COVID-19 restrictions in major trading partners lifted demand for the country's manufactured goods.

by | December 15, 2020 | 21:56

Inside, cosy spacious seating for four is enhanced by a personal entertainment interface on each side, while an expansive transparent roof allows both light in and passengers to see the sjy. That's where the demand is. There is no word on when or where Zoox plans to take its first paying passengers, but the independent Amazon subsidiary is now carrying out vehicle testing in Las Vegas, San Francisco and Foster City.

by | December 15, 2020 | 15:57

Tatas have already done the due diligence, and I don't see any major challenges during the transition phase. It also has a fine legacy, since it started Air India before it was nationalized by the government. Since then, the airline could never recover from the debt burden. Air India has incurred losses since its 2007 merger with fellow state-owned domestic carrier Indian Airlines, weighed down by competition from private budget airlines such as InterGlobe Aviation-owned IndiGo, as well as ...

by | December 15, 2020 | 15:48

An unidentified man allegedly jumped over the fence surrounding the grounds and was filmed climbing onto the wing of the Alaska Airlines flight . He refused to get down and took off his shoes and socks. Airport spokesman Joe Rajchel told CNN the man was taken into custody and transported to a medical facility. "The plane has returned to the gate for a full inspection".

by | December 15, 2020 | 12:38

Johnson has insisted it remains "most likely" that Britain will crash out of the globe's largest single market on World Trade Organization (WTO) terms by year's end as the two sides spar over regulating future standards and fishing. "We're carrying on talking because no-deal is a big deal", one European Union contact told me. While both sides want a deal on the terms of a new relationship, they have fundamentally different views of what it entails.

by | December 15, 2020 | 11:40

Consumer Price Index (CPI) inflation decreased from 7.61 per cent in October to 6.93 per cent in November, according to the Ministry of Statistics & Programme Implementation. "The divergence between retail and wholesale food inflation is increasing and has touched a five-month high of 5.5% in November 2020", said Sunil Kumar Sinha, principal economist at India Ratings and Research.

by | December 14, 2020 | 21:25

Libyan oil production stood at 1.28 million barrels per day on Monday, a National Oil Corporation (NOC) source said, up from 1.25 million bpd in late November. "But while the balance of risks still points in an upward direction, crude is not immune to potential hiccups". What this means: The recent American jobs data revealed 853,000 jobless claims were filed last week more than the 725,000 in forecast as such data suggests that the number of Jobless claims increased as more companies shut ...

by | December 14, 2020 | 19:43

Following his talks with Mrs von der Leyen the Prime Minister updated the Cabinet on the situation. "A deal clearly very hard, but possible", Mr Coveney posted on Twitter. The EU fears Britain will slash social and environmental standards and pump state money into United Kingdom industries, becoming a low-regulation economic rival on the bloc's doorstep, so is demanding strict " level playing field " guarantees in exchange for access to its market.

by | December 14, 2020 | 19:07

The province said it will be prioritizing the distribution of the vaccine in regions with the highest rates of COVID-19. The first 2.9 million doses began to be shipped to distribution centres around the country on Sunday, just 11 months after the United States documented its first COVID-19 infections.

by | December 14, 2020 | 18:40

The ship's crew put out the fire, the company said, adding that parts of the ship's hull had been damaged. Saudi Arabia last month blamed Yemen's Iran-aligned Houthi movement for a "projectile attack" on a petroleum products distribution plant in Jeddah and for a foiled attack involving explosive-laden boats that caused a limited fire near a floating platform belonging to the Jazan oil products terminal.

by | December 13, 2020 | 22:56

The federal government is sending the first shipments to more than 600 locations. "Another 425 sites on Tuesday and the final 66 sites on Wednesday, which will complete the initial delivery of the Pfizer orders for the vaccine". The express carriers will deliver 2.9 million doses this week and another 2.9 million doses in a couple of weeks. The US Food and Drug Administration (FDA) issued yesterday the first emergency use authorization of the Pfizer-BioNTech vaccine.