Markets
Khashoggi case should not be politicized, says United Nations expert
- October 10, 2018
Turkish officials say he was killed by Saudi agents during the visit. Speaking at the "The Energy Forum" in New Delhi on Monday, he said the world's third-largest oil importer did not know whether it would receive a waiver from US sanctions . (more...)
- October 10, 2018
Turkish officials say he was killed by Saudi agents during the visit. Speaking at the "The Energy Forum" in New Delhi on Monday, he said the world's third-largest oil importer did not know whether it would receive a waiver from US sanctions . (more...)
China stocks tumble despite central bank's move to support economy
- October 10, 2018
China's central bank will cut the reserve requirement ratios (RRR) by one per cent from October 15 which will inject a net United States dollars 109.2 billion in cash into the banking system. The government has taken measures to help companies impacted by the trade war , he added. "Moreover, there is still room for further RRR cuts when necessary, though the chance for an interest rate cut is limited given the continued Fed rate hiking cycle, in our view."On Monday, the spread between ... (more...)
- October 10, 2018
China's central bank will cut the reserve requirement ratios (RRR) by one per cent from October 15 which will inject a net United States dollars 109.2 billion in cash into the banking system. The government has taken measures to help companies impacted by the trade war , he added. "Moreover, there is still room for further RRR cuts when necessary, though the chance for an interest rate cut is limited given the continued Fed rate hiking cycle, in our view."On Monday, the spread between ... (more...)
Climate change economists win Nobel prize
- October 10, 2018
The prize money of 9 million Swedish krona ($1 million) will be split equally between the winners. The applications of the model for the carbon tax has been criticized for several reasons, though. Its latest report noted Nordhaus in its research. Carbon dioxide spews into the atmosphere when fossil fuels are burned, with the heat-trapping "greenhouse gas" pegged as the culprit for the Earth's warming. (more...)
- October 10, 2018
The prize money of 9 million Swedish krona ($1 million) will be split equally between the winners. The applications of the model for the carbon tax has been criticized for several reasons, though. Its latest report noted Nordhaus in its research. Carbon dioxide spews into the atmosphere when fossil fuels are burned, with the heat-trapping "greenhouse gas" pegged as the culprit for the Earth's warming. (more...)
Oil prices steady after Iranian exports fall further
- October 10, 2018
The Islamic Republic exported 1.1 million barrels per day (bpd) of crude in that seven-day period, Refinitiv Eikon data showed. In its March report on Iran's economy, published a month and a half before the USA announced that it was re-imposing sanctions on Iran, the International Monetary Fund expected that following the strong rebound after the 2016 nuclear deal, Iran's economic growth would be 4.3 percent in the 2017/18 fiscal year. (more...)
- October 10, 2018
The Islamic Republic exported 1.1 million barrels per day (bpd) of crude in that seven-day period, Refinitiv Eikon data showed. In its March report on Iran's economy, published a month and a half before the USA announced that it was re-imposing sanctions on Iran, the International Monetary Fund expected that following the strong rebound after the 2016 nuclear deal, Iran's economic growth would be 4.3 percent in the 2017/18 fiscal year. (more...)
International Monetary Fund raises Israel growth forecast
- October 10, 2018
The IMF said a new database in its semi-annual Fiscal Monitor report showed considerable net worth in 31 countries that account for 61 percent of global economic output. 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. Inflation forecast for 2018 was 15 percent and for 2019 16.7 percent. (more...)
- October 10, 2018
The IMF said a new database in its semi-annual Fiscal Monitor report showed considerable net worth in 31 countries that account for 61 percent of global economic output. 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. Inflation forecast for 2018 was 15 percent and for 2019 16.7 percent. (more...)
International Monetary Fund upgrades outlook on Russian Federation as economy recovers
- October 09, 2018
However, some economists still believe that the country would be able to maintain the current growth rate. It's so concerned about the potential for a bad deal it has downgraded global economic growth to 3.7% for both 2018 and 2019, in its latest World Economic Outlook . (more...)
- October 09, 2018
However, some economists still believe that the country would be able to maintain the current growth rate. It's so concerned about the potential for a bad deal it has downgraded global economic growth to 3.7% for both 2018 and 2019, in its latest World Economic Outlook . (more...)
Apple, Amazon, SuperMicro deny reports of Chinese microchip infiltration
- October 09, 2018
Given that this story is too huge to just sweep under the rug, denials came in swiftly from both Amazon and Apple. Apple Inc. told United States lawmakers that its servers weren't compromised and sought to assure them that the company's global supply chain is secure. (more...)
- October 09, 2018
Given that this story is too huge to just sweep under the rug, denials came in swiftly from both Amazon and Apple. Apple Inc. told United States lawmakers that its servers weren't compromised and sought to assure them that the company's global supply chain is secure. (more...)
Oil Declines on Hopes for U.S. Waivers on Iran, Saudi Assurance
- October 08, 2018
Brent for December settlement fell as much as $1.50 to $82.66 a barrel on the London-based ICE Futures Europe exchange, and was at $83.05 at 1:30 p.m.in London. "Having said that, it may well be that we are already in the most supportive phase coming from this change and the effect will soon begin to ease". He said that nine million barrels of oil are expected to be purchased. (more...)
- October 08, 2018
Brent for December settlement fell as much as $1.50 to $82.66 a barrel on the London-based ICE Futures Europe exchange, and was at $83.05 at 1:30 p.m.in London. "Having said that, it may well be that we are already in the most supportive phase coming from this change and the effect will soon begin to ease". He said that nine million barrels of oil are expected to be purchased. (more...)
Petrol, diesel prices start rising again
- October 08, 2018
Diesel prices went up by almost 30 paise and petrol prices increased by nearly 20 paise. Mr. Gandhi has been been attacking the government over high petrol and diesel prices and the falling value of rupee. The Maharashtra government had Thursday reduced the prices of petrol by Rs 2.50 per litre. Rising fuel prices have become a political controversy in India, with attention specifically focused on the high taxes that the Centre charges. (more...)
- October 08, 2018
Diesel prices went up by almost 30 paise and petrol prices increased by nearly 20 paise. Mr. Gandhi has been been attacking the government over high petrol and diesel prices and the falling value of rupee. The Maharashtra government had Thursday reduced the prices of petrol by Rs 2.50 per litre. Rising fuel prices have become a political controversy in India, with attention specifically focused on the high taxes that the Centre charges. (more...)
Salmonella risk prompts recall of 6.5 million pounds of beef
- October 08, 2018
Roughly 6.9 million pounds of raw beef are being recalled after being linked to a salmonella outbreak . Still, it wasn't until September that the Food Safety and Inspection Service was made aware of another possible salmonella outbreak. Ill people range in age from less than one year to 88, with a median age of 33. If you've got any ground beef in your fridge or freezer, make sure to check the labels. (more...)
- October 08, 2018
Roughly 6.9 million pounds of raw beef are being recalled after being linked to a salmonella outbreak . Still, it wasn't until September that the Food Safety and Inspection Service was made aware of another possible salmonella outbreak. Ill people range in age from less than one year to 88, with a median age of 33. If you've got any ground beef in your fridge or freezer, make sure to check the labels. (more...)
U.S. challenges International Court of Justice ruling on Iran sanctions regime
- October 08, 2018
Despande went on to say what innumerable analysts have already said: that the big question is if Saudi Arabia has the ability to make up for the shortfall, and while he pointed out they might be able to ramp up appropriately in nine months' time, supplying enough oil in the near term is more problematic. (more...)
- October 08, 2018
Despande went on to say what innumerable analysts have already said: that the big question is if Saudi Arabia has the ability to make up for the shortfall, and while he pointed out they might be able to ramp up appropriately in nine months' time, supplying enough oil in the near term is more problematic. (more...)
Mattress Firm, with 7 ME locations, files for bankruptcy
- October 08, 2018
The company has more than 3,000 stores in the USA and in recent years had been aggressively expanding as it purchased competitors. The company now has more than 3,300 locations in the United States, including four in Sioux Falls. The retailer, which said it will continue to serve customers as usual at stores and online during the process, has also received $775 million to fund ongoing operations and repay debt and costs associated with the restructuring. (more...)
- October 08, 2018
The company has more than 3,000 stores in the USA and in recent years had been aggressively expanding as it purchased competitors. The company now has more than 3,300 locations in the United States, including four in Sioux Falls. The retailer, which said it will continue to serve customers as usual at stores and online during the process, has also received $775 million to fund ongoing operations and repay debt and costs associated with the restructuring. (more...)
Job market bounces back in September
- October 08, 2018
On a year-over-year basis, Canada gained 222,000 jobs since September 2017. Statistics Canada's labour force survey compiled job data from July, August and September in all three Northern territories. The improvement in September reflected the addition of 1,000 net new jobs while the size of the labour force, which includes all people who are seeking jobs, remained the same. (more...)
- October 08, 2018
On a year-over-year basis, Canada gained 222,000 jobs since September 2017. Statistics Canada's labour force survey compiled job data from July, August and September in all three Northern territories. The improvement in September reflected the addition of 1,000 net new jobs while the size of the labour force, which includes all people who are seeking jobs, remained the same. (more...)
Healthcare job growth continues; hospitals add 12K positions in September
- October 07, 2018
Friday, the U.S. Census Bureau reported that the U.S. trade deficit with China now totals $38.6 billion - a new record, and an indication that President Donald Trump's tariffs on Chinese goods are not having the desired effect. USA construction employment in September was +23,000 jobs. Now let's look at the numbers on an average hourly rate in raw dollars now compared with prior years. (more...)
- October 07, 2018
Friday, the U.S. Census Bureau reported that the U.S. trade deficit with China now totals $38.6 billion - a new record, and an indication that President Donald Trump's tariffs on Chinese goods are not having the desired effect. USA construction employment in September was +23,000 jobs. Now let's look at the numbers on an average hourly rate in raw dollars now compared with prior years. (more...)
India's Central Bank Retains Key Rate Unexpectedly
- October 07, 2018
The MPC said the GDP is expected to grow by 7.4 per cent in 2018-19, up from 6.7 per cent in the previous fiscal. "The RBI voting for a pause indicates that there is an attempt on its part to address the domestic macroeconomic fundamentals to tackle headwinds in the global market". (more...)
- October 07, 2018
The MPC said the GDP is expected to grow by 7.4 per cent in 2018-19, up from 6.7 per cent in the previous fiscal. "The RBI voting for a pause indicates that there is an attempt on its part to address the domestic macroeconomic fundamentals to tackle headwinds in the global market". (more...)
Oil Eases Off Four-Year High
- October 07, 2018
Brent crude, the global benchmark, was 0.9% lower at $85.52 a barrel. On Wednesday, Brent hit its highest price since late 2014, at $86.74. US West Texas Intermediate (WTI) crude futures were up just 1c at $75.24 a barrel. The Kingdom had not decided yet whether it wants to take its capacity up to 13 million barrels per day (bpd) or keep it at current levels. Rising oil prices and global trade worries are pressuring emerging economies, International Energy Agency Executive Director Fatih ... (more...)
- October 07, 2018
Brent crude, the global benchmark, was 0.9% lower at $85.52 a barrel. On Wednesday, Brent hit its highest price since late 2014, at $86.74. US West Texas Intermediate (WTI) crude futures were up just 1c at $75.24 a barrel. The Kingdom had not decided yet whether it wants to take its capacity up to 13 million barrels per day (bpd) or keep it at current levels. Rising oil prices and global trade worries are pressuring emerging economies, International Energy Agency Executive Director Fatih ... (more...)
McDonald's should pay its workers $15 an hour, Bernie Sanders says
- October 07, 2018
Amazon India pays its workers 25% more than the minimum wage in Bengaluru, and about 60% higher than the minimum wages in cities such as Mumbai, Pune and Hyderabad, according to data from staffing agencies Xpheno and TeamLease . They have criticized the move as a publicity stunt by Jeff Bezos , the richest person alive worth an estimated US$165 billion. By those estimates, the EPI projects that the pending $15 minimum wage hike would cost California 400,000 private-sector jobs, with ... (more...)
- October 07, 2018
Amazon India pays its workers 25% more than the minimum wage in Bengaluru, and about 60% higher than the minimum wages in cities such as Mumbai, Pune and Hyderabad, according to data from staffing agencies Xpheno and TeamLease . They have criticized the move as a publicity stunt by Jeff Bezos , the richest person alive worth an estimated US$165 billion. By those estimates, the EPI projects that the pending $15 minimum wage hike would cost California 400,000 private-sector jobs, with ... (more...)
We’ll deliver for Britain if we hold our nerve - Theresa May
- October 07, 2018
In particular, highlighting what she has repeatedly called her "personal mission" to tackle the housing crisis, May announced she would scrap the cap on how much local authorities can borrow to build new social housing. And to cap it all, the Tory Brexiteers stand on the deck spouting fearless words but do nothing to save themselves and their party. Forty-eight such letters are needed to trigger a vote of confidence in the leader. (more...)
- October 07, 2018
In particular, highlighting what she has repeatedly called her "personal mission" to tackle the housing crisis, May announced she would scrap the cap on how much local authorities can borrow to build new social housing. And to cap it all, the Tory Brexiteers stand on the deck spouting fearless words but do nothing to save themselves and their party. Forty-eight such letters are needed to trigger a vote of confidence in the leader. (more...)
Aston Martin valued more than 4 billion pounds for its ipo
- October 06, 2018
Current Aston Martin Lagonda shareholders could also make a further 5,700,072 shares in the case of an over-allotment option, which would result in a total share issue worth £1.19bn (Rs 11,319 crore) (27.5 percent of the company). "For your IPOs only", said Accendo Markets analyst Mike van Dulken in reference to 1981 Bond flick "For Your Eyes Only", which starred Roger Moore in the lead role. (more...)
- October 06, 2018
Current Aston Martin Lagonda shareholders could also make a further 5,700,072 shares in the case of an over-allotment option, which would result in a total share issue worth £1.19bn (Rs 11,319 crore) (27.5 percent of the company). "For your IPOs only", said Accendo Markets analyst Mike van Dulken in reference to 1981 Bond flick "For Your Eyes Only", which starred Roger Moore in the lead role. (more...)
Petrol diesel prices come down: Check todays fuel prices here
- October 06, 2018
Devendra Kumar Pant, chief economist at India Ratings and Research, said the move could act as a "minor comforting factor" for the central bank during its monetary policy meeting scheduled on Friday, as a fuel price cut will ease retail inflation. (more...)
- October 06, 2018
Devendra Kumar Pant, chief economist at India Ratings and Research, said the move could act as a "minor comforting factor" for the central bank during its monetary policy meeting scheduled on Friday, as a fuel price cut will ease retail inflation. (more...)
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