Markets
Federal Reserve Holds Off on Rate Hike
- March 21, 2019
After a two-day policy meeting that sealed the switch to a less aggressive posture, the Fed also said it would slow the monthly reduction of its holdings of Treasury bonds from up to $30 billion to up to $15 billion beginning in May. The Federal Reserve Bank of Atlanta, meanwhile, projects the US economy will expand at just a 0.4 percent clip in January, February and March, and consumer and producer price indices in recent months haven't shown almost the sort of inflationary pressures that ... (more...)
- March 21, 2019
After a two-day policy meeting that sealed the switch to a less aggressive posture, the Fed also said it would slow the monthly reduction of its holdings of Treasury bonds from up to $30 billion to up to $15 billion beginning in May. The Federal Reserve Bank of Atlanta, meanwhile, projects the US economy will expand at just a 0.4 percent clip in January, February and March, and consumer and producer price indices in recent months haven't shown almost the sort of inflationary pressures that ... (more...)
Paris, Singapore and Hong Kong tie as world's priciest cities
- March 20, 2019
The survey is aimed at helping companies calculate compensation packages and allowances for expatriate staff and business travellers. The majority of the remaining cities in the top 10 are in Europe and Asia, with NY and Los Angeles the only North American cities that edged their way into the ranking of the priciest cities . (more...)
- March 20, 2019
The survey is aimed at helping companies calculate compensation packages and allowances for expatriate staff and business travellers. The majority of the remaining cities in the top 10 are in Europe and Asia, with NY and Los Angeles the only North American cities that edged their way into the ranking of the priciest cities . (more...)
Trump to GM: Reopen Ohio plant, close one in Mexico or China
- March 20, 2019
I asked her to sell it or do something quickly. The president said on Twitter that he had spoken to GM Chief Executive Mary Barra about the planned closure of the OH site, even though the economy is "booming". About 4,500 workers at the Lordstown plant lost their jobs over the last two years as sales of the Cruze model declined sharply, along with another 900 at nearby auto parts suppliers. (more...)
- March 20, 2019
I asked her to sell it or do something quickly. The president said on Twitter that he had spoken to GM Chief Executive Mary Barra about the planned closure of the OH site, even though the economy is "booming". About 4,500 workers at the Lordstown plant lost their jobs over the last two years as sales of the Cruze model declined sharply, along with another 900 at nearby auto parts suppliers. (more...)
Dollar briefly hits upper 111 yen ahead US Federal Reserve's outcome
- March 20, 2019
The officials, who spoke on background because they weren't authorized to comment publicly, said Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer will lead the delegation. Expectations of a more cautious Fed have dented the U.S. dollar, which has already been under pressure this year after Mr Powell all but signalled a pause to the tightening cycle at the previous meeting. (more...)
- March 20, 2019
The officials, who spoke on background because they weren't authorized to comment publicly, said Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer will lead the delegation. Expectations of a more cautious Fed have dented the U.S. dollar, which has already been under pressure this year after Mr Powell all but signalled a pause to the tightening cycle at the previous meeting. (more...)
Google tweaks search after European Union competition scrutiny
- March 20, 2019
Google did away with exclusivity requirements in 2016, at a time Google had just been hit with another antitrust action from the EU. Publishers also had to seek written approval from Google before making changes to the way rival ads were displayed, letting the company know "how attractive, and therefore clicked on, competing search adverts could be". (more...)
- March 20, 2019
Google did away with exclusivity requirements in 2016, at a time Google had just been hit with another antitrust action from the EU. Publishers also had to seek written approval from Google before making changes to the way rival ads were displayed, letting the company know "how attractive, and therefore clicked on, competing search adverts could be". (more...)
Lyft sets value at more than $20 billion in IPO
- March 20, 2019
Uber is planning to kick off its IPO in April, Reuters has reported. The market rally of the last few years, however, coupled with the desire of some of the startups' insiders to cash out, is leading many technology firms, including Airbnb Inc , Slack Technologies Inc and Stripe Inc , to plan market debuts. (more...)
- March 20, 2019
Uber is planning to kick off its IPO in April, Reuters has reported. The market rally of the last few years, however, coupled with the desire of some of the startups' insiders to cash out, is leading many technology firms, including Airbnb Inc , Slack Technologies Inc and Stripe Inc , to plan market debuts. (more...)
Jury Says Roundup Weed Killer Contributed To Man's Cancer
- March 20, 2019
Hardeman testified that he sprayed Roundup on his property on the outskirts of San Francisco to get rid of poison ivy, which causes an irritating, sometimes painful rash. It's set to appear in six more trials in federal and state courts this year. "Mr. Hardeman is pleased that the jury unanimously held that Roundup caused his non-Hodgkin's lymphoma". (more...)
- March 20, 2019
Hardeman testified that he sprayed Roundup on his property on the outskirts of San Francisco to get rid of poison ivy, which causes an irritating, sometimes painful rash. It's set to appear in six more trials in federal and state courts this year. "Mr. Hardeman is pleased that the jury unanimously held that Roundup caused his non-Hodgkin's lymphoma". (more...)
Musk defense "borders on the ridiculous", SEC tells court
- March 19, 2019
The agency said Musk's argument that tweeting about vehicle production forecasts wasn't material information "borders on the ridiculous". Musk's August tweets about taking Tesla private resulted in US$40 million in fines, the appointment of two independent board directors and the replacement of Musk as chairman. (more...)
- March 19, 2019
The agency said Musk's argument that tweeting about vehicle production forecasts wasn't material information "borders on the ridiculous". Musk's August tweets about taking Tesla private resulted in US$40 million in fines, the appointment of two independent board directors and the replacement of Musk as chairman. (more...)
Deutsche Bank set to go public on Commerzbank merger talks
- March 19, 2019
Shares in Deutsche Bank were up 5.0 percent at 1216 GMT while Commerzbank traded 6.7 percent higher. The concerns underline the obstacles to combining the banks, which confirmed talks about a tie-up on Sunday following months of pressure from Berlin, which has pushed for a deal amid concerns about the health of Deutsche Bank, which has struggled to sustain profits since the 2008 financial crisis. (more...)
- March 19, 2019
Shares in Deutsche Bank were up 5.0 percent at 1216 GMT while Commerzbank traded 6.7 percent higher. The concerns underline the obstacles to combining the banks, which confirmed talks about a tie-up on Sunday following months of pressure from Berlin, which has pushed for a deal amid concerns about the health of Deutsche Bank, which has struggled to sustain profits since the 2008 financial crisis. (more...)
The Most Expensive Cities to Live in the World
- March 19, 2019
It is the first time three cities have shared the unenviable title, according to The Economist Intelligence Unit's (EIU) 2019 Worldwide Cost of Living Survey . The Japanese port city of Osaka was another re-entry, moving up six spots to number five. These three cities joined the ranks of Venezuela's Caracas, Buenos Aires in Argentina, Lagos in Nigeria, and Pakistani city of Karachi among others that remain highly affordable when compared to other cities globally. (more...)
- March 19, 2019
It is the first time three cities have shared the unenviable title, according to The Economist Intelligence Unit's (EIU) 2019 Worldwide Cost of Living Survey . The Japanese port city of Osaka was another re-entry, moving up six spots to number five. These three cities joined the ranks of Venezuela's Caracas, Buenos Aires in Argentina, Lagos in Nigeria, and Pakistani city of Karachi among others that remain highly affordable when compared to other cities globally. (more...)
Fisker slots $40k electric SUV ahead of delayed EMotion flagship
- March 19, 2019
A decade ago, Fisker and Tesla were two electric-vehicle hopefuls, and it was looking like Fisker might have the better chances of success. The company says it is "finalising the selection of a facility, located in the United States" to produce the vehicle from the second-half of 2021. (more...)
- March 19, 2019
A decade ago, Fisker and Tesla were two electric-vehicle hopefuls, and it was looking like Fisker might have the better chances of success. The company says it is "finalising the selection of a facility, located in the United States" to produce the vehicle from the second-half of 2021. (more...)
Qualcomm scores $31m win in patent battle war with Apple
- March 19, 2019
This lawsuit has been filed since July 2017, which means that it has nearly been two full years since the companies has been conflict. These patents are found in the iPhone 7 , 7 Plus, 8, 8 Plus and X. The reason for mentioning this point is because seven out of the ten patents found in Maxell's patent infringement case against Apple are in fact Hitachi patents. (more...)
- March 19, 2019
This lawsuit has been filed since July 2017, which means that it has nearly been two full years since the companies has been conflict. These patents are found in the iPhone 7 , 7 Plus, 8, 8 Plus and X. The reason for mentioning this point is because seven out of the ten patents found in Maxell's patent infringement case against Apple are in fact Hitachi patents. (more...)
Anil Ambani Thanks Mukesh, Nita Ambani For "Support" In Clearing Dues
- March 18, 2019
The bench had directed R Com to deposit a demand draft of Rs 118 crore in the registry. NCLT accepts a petition of Ericsson and initiates insolvency proceedings. RCom misses the September 30 deadline and seeks an extension of the deadline by 60 days from Ericsson. Had he not paid Ericsson Ambani would have been held in contempt of court because it had been judged that he had the cash handy, but just felt like holding onto it. (more...)
- March 18, 2019
The bench had directed R Com to deposit a demand draft of Rs 118 crore in the registry. NCLT accepts a petition of Ericsson and initiates insolvency proceedings. RCom misses the September 30 deadline and seeks an extension of the deadline by 60 days from Ericsson. Had he not paid Ericsson Ambani would have been held in contempt of court because it had been judged that he had the cash handy, but just felt like holding onto it. (more...)
FINALLY, Someone Calls Out GM And Its Perpetual Incompetence — IT'S ABOUT TIME
- March 18, 2019
General Motors' statement came after President Donald Trump announced that he has spoken to General Motors CEO Mary Barra to vent his frustration about the automaker's closure of an OH manufacturing plant while the US economy continues to fare well. (more...)
- March 18, 2019
General Motors' statement came after President Donald Trump announced that he has spoken to General Motors CEO Mary Barra to vent his frustration about the automaker's closure of an OH manufacturing plant while the US economy continues to fare well. (more...)
Major Government Contractor Interserve To Enter Into Administration
- March 18, 2019
The deal involves the equitisation of around £485 million of existing debts. "Ministers have learnt absolutely nothing from the Carillion fiasco and are hell-bent on outsourcing public-sector contracts", Kevin Brandstatter, GMB national officer, said . (more...)
- March 18, 2019
The deal involves the equitisation of around £485 million of existing debts. "Ministers have learnt absolutely nothing from the Carillion fiasco and are hell-bent on outsourcing public-sector contracts", Kevin Brandstatter, GMB national officer, said . (more...)
Powerball goes winless again, jackpot tops $500 million
- March 18, 2019
Four white balls and the Powerball will make you a new "thousandaire" with a $50,000 prize. SILive.com will also post the winning numbers. The Mega Millions jackpot for the March 19 drawing is $45 million. The total prize was the fourth largest jackpot in US lottery history. The next Powerball drawing will be on Wednesday, Mar. 20. Charlie McIntyre , Powerball Product Group Chairman and Executive Director of the New Hampshire Lottery, said at the time. (more...)
- March 18, 2019
Four white balls and the Powerball will make you a new "thousandaire" with a $50,000 prize. SILive.com will also post the winning numbers. The Mega Millions jackpot for the March 19 drawing is $45 million. The total prize was the fourth largest jackpot in US lottery history. The next Powerball drawing will be on Wednesday, Mar. 20. Charlie McIntyre , Powerball Product Group Chairman and Executive Director of the New Hampshire Lottery, said at the time. (more...)
Crypto short seller Mark Dow gloats over Cboe Bitcoin futures move
- March 18, 2019
The exchange is considering how it should approach the space with respect to its digital asset derivatives trading. However, the now listed Bitcoin futures contracts will remain available for trading, said Cboe . Cboe launched Bitcoin futures on December 10, 2017, when the price of Bitcoin was hitting record highs nearly daily. Given the elasticity of Bitcoin's price to the actions of the CBOE , the top cryptocurrency was not affected by this delisting. (more...)
- March 18, 2019
The exchange is considering how it should approach the space with respect to its digital asset derivatives trading. However, the now listed Bitcoin futures contracts will remain available for trading, said Cboe . Cboe launched Bitcoin futures on December 10, 2017, when the price of Bitcoin was hitting record highs nearly daily. Given the elasticity of Bitcoin's price to the actions of the CBOE , the top cryptocurrency was not affected by this delisting. (more...)
Crude Oil Weekly Price Forecast - Crude markets break out
- March 17, 2019
Crude oil prices rose 0.3 per cent to Rs 4,073 per barrel on March 15 as speculators created fresh positions amid positive cues from global markets. persistent supply issues and a deteriorating picture on Venezuela , oil is looking well supported", said Jasper Lawler, head of research at futures brokerage London Capital Group. (more...)
- March 17, 2019
Crude oil prices rose 0.3 per cent to Rs 4,073 per barrel on March 15 as speculators created fresh positions amid positive cues from global markets. persistent supply issues and a deteriorating picture on Venezuela , oil is looking well supported", said Jasper Lawler, head of research at futures brokerage London Capital Group. (more...)
Volkswagen Boss Sorry About Nazi Gaffe
- March 17, 2019
Volkswagen was originally founded in 1937 by the National Socialist Party under Adolf Hitler to develop an affordable economy vehicle that would eventually become the Volkswagen Beetle . Asked whether Bernstein analyst Max Warburton was right to suggest that Diess had lost support internally as a result of the remarks, Volkswagen's supervisory board said such an inference was inappropriate. (more...)
- March 17, 2019
Volkswagen was originally founded in 1937 by the National Socialist Party under Adolf Hitler to develop an affordable economy vehicle that would eventually become the Volkswagen Beetle . Asked whether Bernstein analyst Max Warburton was right to suggest that Diess had lost support internally as a result of the remarks, Volkswagen's supervisory board said such an inference was inappropriate. (more...)
Jaguar Land Rover recalls 44,000 cars over emissions
- March 17, 2019
The British manufacturer then contacted the Driver and Vehicle Standards Agency and an alert was made via the European Commission's rapid alert system . Both petrol and diesel models are included in the recall. She said: "Consumers must be able to fully trust the claims of auto manufacturers, particularly after the emissions scandals of recent years". (more...)
- March 17, 2019
The British manufacturer then contacted the Driver and Vehicle Standards Agency and an alert was made via the European Commission's rapid alert system . Both petrol and diesel models are included in the recall. She said: "Consumers must be able to fully trust the claims of auto manufacturers, particularly after the emissions scandals of recent years". (more...)
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