Finance

Finance Turkey stuns market with massive interest rate hike
Author: 0 Turkey stuns market with massive interest rate hike

Brett Diment at Aberdeen Standard Investments said raising rates would put " Turkey on the slow road to recovering some monetary policy credibility, and that is critical". But Neuteboom of ABN Amro said much more was needed for Turkey to turn around "the negative spiral" the economy is in. "It was a big surprise to us, but probably to every Turkey-watcher", said Nora Neuteboom, an economist at ABN Amro, saying the move was a "positive signal" with the bank wanting to show its independence ...

Finance Jeff Bezos Slams Trump For
Author: 0 Jeff Bezos Slams Trump For "Demonizing" The Media

Last year, he donated $33 million to fund scholarship for "dreamers", the name given to undocumented children of immigrants who face legal obstacles in attending college or university. Boone Pickens and Ted Turner. "We'll use the same set of principals that have driven Amazon", wrote Bezos of the preschool management. Charitable giving has become particularly important, experts say, amid rising income inequality in the United States.

Finance Mark Carney To Remain Bank Of England Governor Until January 2020
Author: 0 Mark Carney To Remain Bank Of England Governor Until January 2020

Hammond made the announcement while speaking at the Parliament. The decision also raises questions about the government's grasp of the Brexit process if Carney's presence is needed to ensure stability, or the United Kingdom treasury is struggling to find a replacement while it focuses on negotiations.

Finance China says Washington asks to resume talks on tariff fight
Author: 0 China says Washington asks to resume talks on tariff fight

President Donald Trump has criticized China's record trade surplus with the United States, and has demanded that Beijing cut it immediately, threatening further tariffs on an additional $200-billion worth of goods - and possibly more. That could still happen before the next round of tariffs kick in. The Trump administration had invited Chinese officials to restart trade talks, the White House's top economic adviser said on Wednesday, news that gave a lift to Asian stocks, including ...

Finance Canada’s Freeland returns to Washington for NAFTA talks
Author: 0 Canada’s Freeland returns to Washington for NAFTA talks

Freeland and her counterpart, U.S. Trade Representative Robert Lighthizer , left the bargaining table last Friday without a deal following two weeks of what Freeland described as intense, but productive, negotiations. Daniel Ujczo, a US trade lawyer who has worked for both the Canadian and the USA governments, rejects the notion that Canada and the United States are at a stalemate.

Finance Turkey rules property sales, rental agreements must be in lira
Author: 0 Turkey rules property sales, rental agreements must be in lira

Later the currency rate stabilized around 6.20 with lira's gains at some 2.2 percent. The magnitude of the hike was all the more surprising given that just before the decision President Recep Tayyip Erdogan had slammed interest rates as a " tool of exploitation ".

Finance Exclusive Images Of Vijay Mallya’s Cell In Arthur Jail
Author: 0 Exclusive Images Of Vijay Mallya’s Cell In Arthur Jail

Jaitley, however, took to Facebook to dismiss Mallya's claims as being "factually false". Recalling the occasion when Mallya "misused" his position as an MP, Jaitley wrote that the fraud accused had paced up to catch up with him when the FM was walking out of the House to go to his room.

Finance Chandrababu Naidu cuts Rs 2 on Value-Added Tax on fuel, blasts YSRC
Author: 0 Chandrababu Naidu cuts Rs 2 on Value-Added Tax on fuel, blasts YSRC

However, the court asked the government to consider an earlier representation pending before it on price rise of petrol and diesel and listed the matter for further hearing on November 16. Introducing the resolution to cut Value-Added Tax in the Andhra Pradesh Legislative Assembly, Mr Naidu said the price of petrol and diesel had reached its peak with the anti-people policies of the central government over the past four years.

Finance NASA reveals ‘extremely dangerous’ Hurricane Florence pictures from space
Author: 0 NASA reveals ‘extremely dangerous’ Hurricane Florence pictures from space

It could make landfall on Thursday, near Wilmington, North Carolina. "It is an extremely risky, life-threatening, historic hurricane". Those in states where the Category 4 hurricane is expected to make direct landfall may have to wait weeks before power is restored, FEMA Associate Administrator Jeff Byard said in a call Tuesday with reporters.

Finance Hassett Destroys Obama Claim He Caused Trump's Economic Boom
Author: 0 Hassett Destroys Obama Claim He Caused Trump's Economic Boom

Jared Bernstein, who served as chief economist to vice president Joe Biden in the Obama Administration, said Mr Trump's deficit-financed stimulus and tax cuts likely boosted growth in the short term. "I complained plenty about Fox News , but you never heard me threaten to shut them down, or call them 'enemies of the people'". Still, as Trump accurately points out, the recovery under Obama was marked by a slower rate of growth than what followed previous recessions, such as the ...

Finance Naidu To Reduce VAT On Petrol, Diesel?..
Author: 0 Naidu To Reduce VAT On Petrol, Diesel?..

Bharat Bandh was called for today from 9 AM to 3 PM to bring petrol and diesel under the Goods and Services Tax (GST), which, the grand-old party said, would decrease the price by Rs 15-18. Since oil prices have started rising, following U.S. sanctions on Iraq and the slide of the rupee against the dollar, there have been calls to reduce tax.

Finance China vows to respond if US takes new steps on trade
Author: 0 China vows to respond if US takes new steps on trade

Ford has rejected President Trump's call for it to shift production of the Chinese-made Focus Active crossover-style hatchback to the US, after announcing last month that it would not import the model due to tariff concerns. Trump previously has claimed that Apple is building new plants in the United States, but the iPhone maker has not announced any such plans. "The burden of the proposed tariffs will fall much more heavily on the United States than on China", Apple said in its letter.

Finance Tesla Stock Takes A Hit - After Elon Musk Does The Same
Author: 0 Tesla Stock Takes A Hit - After Elon Musk Does The Same

As Musk took a puff, and sipped on whiskey, the two discussed the relaxing effect of alcohol and weed. "As a result, this caused me to reconsider my future", Morton was quoted as saying in a company filing. Bloomberg also reported Tesla's Chief People Officer Gaby Toledano would not return from a holiday just over a year after joining. Last month, he sent out a tweet where he said: "Am considering taking Tesla private at $420".

Finance Chinese billionaire Jack Ma confirms exit at Alibaba, announces successor
Author: 0 Chinese billionaire Jack Ma confirms exit at Alibaba, announces successor

Zhang, a former accountant, will also continue as CEO. He took care not to project himself bigger than the CPC leadership though he has emerged as modern China's most revered corporate icon. The co-founder of the company, Ma, will however, remain as a board member of the Alibaba Group until the annual shareholder meet in 2020. Since handing over the CEO role, Ma has concentrated on philanthropy and promoting Alibaba internationally at business and political events.

Finance CBS makes it official: Leslie Moonves is out
Author: 0 CBS makes it official: Leslie Moonves is out

The negotiations over Moonves' departure are said to revolve largely around the size of his severance payment. In August, the CBS board of directors hired two outside law firms to investigate the initial claims against Moonves, as well as other reports of sexual harassment and an inappropriate culture for women throughout CBS and the CBS News division.

Finance CBS CEO Moonves negotiating exit with board
Author: 0 CBS CEO Moonves negotiating exit with board

A New Yorker report in late July featured claims against Moonves from six women spanning different time periods over two decades, from 1985 to 2006. Moonves, who has remained in charge despite the allegations against him, signed an employment contract in May 2017 that provides for a severance package worth almost $180 million if he is removed without cause.

Finance Burberry to stop using fur and burning unsold goods
Author: 0 Burberry to stop using fur and burning unsold goods

London designers have rejected real fur, and no one will be using it on the London Fashion Week catwalks for the spring 2019 season. The company claimed that the process was "necessary", but that it would continue to seek ways to "reduce and revalue" its waste streams.

Finance Trump warns of tariffs on another $267 billion of Chinese imports
Author: 0 Trump warns of tariffs on another $267 billion of Chinese imports

The US imported $505 billion of Chinese products in 2017, Census Bureau figures show. If the president follows through, the threatened tariffs and those already in place would more than cover the value of all goods the U.S. White House Economic advisor Larry Kudlow told CNBC that talks between the US and China were ongoing. And China has vowed to hit $60bn in USA products in retaliation.

Finance Crypto Market Takes A Bloody Hit After Goldman Sachs Scraps Crypto Plans
Author: 0 Crypto Market Takes A Bloody Hit After Goldman Sachs Scraps Crypto Plans

According to a report published by Business Insider , the Wall Street giant has made a decision to downgrade its plans over the cryptocurrency space's regulatory landscape. The Goldman Sachs company logo is seen in the company's space on the floor of the New York Stock Exchange, (NYSE) in New York, US, April 17, 2018.

Author: 0 Trump poised to tax an additional $200bn Chinese imports

Trump tells reporters on Air Force One that his plans to slaps taxes of up to 25 percent on Chinese imports would depend on the choices made by that country's leaders. " We are still talking with China on a number of issues ", said Kudlow. An opportunity could take place when world leaders gather at the UN General Assembly in NY this month and the Group of 20 summit in Argentina in November, he said .

Finance Mercedes readies first Tesla rival in US$12b attack plan
Author: 0 Mercedes readies first Tesla rival in US$12b attack plan

An illustration of the EQC powertrain. It will have a battery pack of 70 kilowatt-hours. Mercedes has previously revealed a few EQ concept vehicles, starting with the Generation EQ concept SUV , at the 2016 Paris Motor Show. When it comes to design, Mercedes-Benz has capitalized on cleaning up vents and reducing drag as there is no longer a need for cooling a conventional engine.

Finance Africa's Second-Largest Economy South Africa Enters Recession
Author: 0 Africa's Second-Largest Economy South Africa Enters Recession

Farm output plunged 29.2 percent after a 33.6 percent slump in the first quarter. This is due to a drop in the production of field crops and horticultural products, and the impact of drought. Following the revisions to growth figures for 2017, this makes it the first recession since the global financial crisis. With the dismal growth path set to trump concerns over inflation, the central bank could be forced to hold lending rates, removing another factor that made South Africa's bonds ...

Finance Briefing: More details on JD boss Liu's arrest emerge
Author: 0 Briefing: More details on JD boss Liu's arrest emerge

Zhang Shuhan, a JD.com official, said Monday by phone that "Liu Qiangdong has been released without charges and he is now back in China ". Liu was arrested on suspicion of criminal sexual conduct on Friday night and released without bail at around 4 p.m.

Author: 0 Students’ Fake McDonald’s Poster Goes Unnoticed for 51 Days

On July 13, Maravilla, Toledo and friends snuck the over-sized poster into the Pearland McDonald's and proceeded to hang it on the wall without being detected. And hopefully one day I could see someone like me on the big screen. The Tweet, posted on September 2, states that the poster had been left up for 51 days.

Finance OPEC oil output hits 2018 high
Author: 0 OPEC oil output hits 2018 high

Edward Bell , analyst at Emirates NBD bank in Dubai, agreed: "Iranian production is already showing signs of decline, falling by 150,000 Bpd last month ..." "All of Iran's oil customers are affected by increasing USA pressure to halt purchases, even as they request for concessions to cope with the consequences", said Den Syahril, a senior analyst at industry consultant FGE.

Finance Justice Democrat Ayanna Pressley Wins Primary
Author: 0 Justice Democrat Ayanna Pressley Wins Primary

If elected in November, she will be the first black woman to represent the state in Congress. "It seems like change is on the way", said Pressley to raucous applause at her election night party. As in Ocasio-Cortez's race, Pressley was a progressive woman of color challenging a white male lawmaker. Pressley tapped into growing cries within the Democratic Party for newer, more diverse leadership.

Finance Amazon market value tops $1tn
Author: 0 Amazon market value tops $1tn

Amazon is the second corporation to exceed $1 trillion in value after Apple, which crossed the threshold on August 2. It crossed the line at 16:40 BST before falling back slightly. Amazon's financial and business successes even pushed the founder and CEO, Jeff Bezos, right to the top of Forbes' billionaires list this year. Amazon also operates the world's largest cloud-computing platform, Amazon Web Services, which rents computing power to a huge number of organizatons.

Finance Amazon's Stock Value Has Crossed $1 Trillion, Joining Apple
Author: 0 Amazon's Stock Value Has Crossed $1 Trillion, Joining Apple

Amazon has become the second publicly traded company to be worth $US1 trillion, hot on the heels of Apple. Apple was named as the first publicly listed United States company to be valued at $1,000,000,000,000 on August 2. Less than 25 year later, the company has garnered a major presence in everything from retail , to groceries, to video streaming, helping it rack up revenues of $178bn (£139bn) last year.

Finance Energy Department intervenes to keep petrol price increase down
Author: 0 Energy Department intervenes to keep petrol price increase down

Diesel, too, hit a new high of Rs 75.54/litre in Mumbai and Rs 71.15 per litre in Delhi on Monday. Petrol is Rs 119.9 per litre (5.91 pound a gallon) while diesel was priced at Rs 121.8 (6.03 pound per gallon) in London. These prices vary significantly from state to state depending on various tax levies and cess. Meanwhile, Maharashtra transporters, burdened with diesel price hikes for a fortnight, have threatened to agitate and increase freight rates by 10-15% if there is no control or ...

Finance California Lawmakers Pass Nation's Hardest Catch Neutrality Law
Author: 0 California Lawmakers Pass Nation's Hardest Catch Neutrality Law

Verizon soon apologized , noting that reducing the speed of emergency responders was a "customer support mistake", but held that the situation had "nothing to do with net neutrality". Consumer groups such as the Electronic Frontier Foundation and a number of smaller tech companies including Etsy, Reddit and Sonos lined up in favor of the bill.

Finance China rolls out more gaming regulations to fight myopia
Author: 0 China rolls out more gaming regulations to fight myopia

Shares of Tencent , which has a market value of around HK$3.25 trillion ($414.12 billion), fell as much as 5.4 percent, leading a slide in Chinese video game companies. The controls are the most recent test for Tencent , China's biggest gaming and online networking firm, which not long ago faulted a stop for new game endorsements for the innovation monster's first quarterly profit fall in nearly 13 years.

Finance Trump wants to tariff additional $200 bil. in China imports
Author: 0 Trump wants to tariff additional $200 bil. in China imports

Trump's latest comments come ahead of a summit between Trump and Chinese President Xi Jinping in November, with some observers saying they are part of a strategy by the tycoon to win concessions. offensive", it added. The next stage of tariffs on $16 billion of goods took hold in August. "So-called hardline, pressure-exerting methods of the US side won't work on China and are not helpful to resolving the problem", Chinese foreign ministry spokeswoman Hua Chunying said on Friday when asked ...

Finance Britain, Nigeria sign pact to counter extremism
Author: 0 Britain, Nigeria sign pact to counter extremism

May was eager to emphasise the opportunities for bilateral trade deals once Britain leaves the EU. BRITISH Prime Minister Theresa May has hit the dancefloor once again during her trip to Africa , proving her critics won't stop her from having a boogie.

Finance Chicago Board Options Exchange Plans To Launch Ethereum Futures
Author: 0 Chicago Board Options Exchange Plans To Launch Ethereum Futures

According to Business Insider , Tom Lee , a managing partner at Fundstrat Global Advisors, believes that Ether futures trading will alter the price narrative of the market. Since Bitcoin futures debuted in mid-December of a year ago, prices tanked, with Bitcoin briefly touching $20,000 before tumbling to $7,200 as it stands today.

Finance Google reportedly monitors credit card usage
Author: 0 Google reportedly monitors credit card usage

Google has reportedly approached many other companies about the platform, but there's no information on what or how many deals have been signed. The alliance gave Google an unprecedented asset for measuring retail spending, part of the search giant's strategy to fortify its primary business against onslaughts from Amazon.com and others.

Finance President Trump Cancels Pay Raise Due Federal Workers in January
Author: 0 President Trump Cancels Pay Raise Due Federal Workers in January

Trump informed House and Senate leaders in a letter on Thursday. That measure, along with a new two-year federal budget and tax cuts heralded by Republicans, have led to accusations Trump is ignoring the federal deficit, despite promising he would address it as president.

Finance Detailed Brexit talks on Irish border backstop
Author: 0 Detailed Brexit talks on Irish border backstop

One of the biggest sticking points is the future regulation of the border between the Republic of Ireland , an European Union member, and Northern Ireland , which will leave the European Union as part of the United Kingdom. At a press conference in Brussels, Mr Raab said "valuable progress" had been made in the negotiations, and that both sides were edging towards an agreement.

Finance India's economic growth surges to 8.2%
Author: 0 India's economic growth surges to 8.2%

He also stated that the focus on boosting capital spend in infrastructure sector and multiple initiatives to provide universal access to basic goods and services has not only contributed to this growth but has improved its quality as well. The Reserve Bank of India, which has increased interest rates twice since June to curb inflation, expects the economy to expand 7.4 per cent in fiscal 2019.