Finance

Finance Worlds longest non-stop flight set to depart from Singapore
Author: 0 Worlds longest non-stop flight set to depart from Singapore

The flight will use an Airbus ultra long range (ULR) A350-900 the latest variant of the A350 XWB jet which is capable of flying for over 20 hours non stop. But at the same time, this is less than the usual configuration the airline has on its other A350 aircrafts. READ Anatomy of the Singapore Airlines A350 superjet .

Finance Turkey accuses Saudi of not cooperating in Khashoggi investigation
Author: 0 Turkey accuses Saudi of not cooperating in Khashoggi investigation

The recordings reveal the capture of Khashoggi by Saudi security forces and is subsequent interrogation, torture, murder and dismemberment, The Washington Post reports . Turkey's foreign minister, Mevlüt Çavuşoğlu called for Riyadh to allow Turkish officials into the consulate. He said he believed the legal system should be able to guarantee accountability, but added: "I must say I am feeling anxious [at] this apparent new normal".

Finance World's top traders divided on oil outlook as Iran sanctions loom
Author: 0 World's top traders divided on oil outlook as Iran sanctions loom

Late last week, the United States hinted that it was at least considering waivers. The U.S. President Donald Trump has clearly stated that the U.S. The country's largest privately owned crude terminal, the Louisiana Offshore Oil Port LLC, said on Tuesday it had halted operations at its marine terminal.

Finance Mega Millions jackpot rises to $654 million after no one wins Friday
Author: 0 Mega Millions jackpot rises to $654 million after no one wins Friday

No one has won since July. Mega Millions and Powerball's combined jackpot totals $862 million with Mega Millions prized at $548 million and Powerball at $314 million. A Mega Millions lottery ticket is seen in NY in this July 1, 2016 file photo. It is also one of the top ten largest jackpots in USA history. After Tuesday's picks this week, the jackpot climbed $78 million after no one matched all six numbers.

Finance How to check if your Facebook account was hacked
Author: 0 How to check if your Facebook account was hacked

The attackers who carried out the mass hack that Facebook disclosed two weeks ago obtained user account data belonging to as many as 30 million users, the social network said on Friday. Detailed information was stolen from the Facebook profiles of about 14 million of the 30 million users. Turn on two-factor authentication whenever you can, but especially on your most sensitive or valuable accounts.

Finance Global stocks tumble after US President Donald Trump 'crazy' Fed comment
Author: 0 Global stocks tumble after US President Donald Trump 'crazy' Fed comment

It was the third consecutive day that Mr. Trump had criticized the Federal Reserve for raising interest rates; last night in Erie, Pennsylvania, the President said the Fed 'has gone insane'. Odd thing about administration is they crave tax cuts but at the same time they are rising the taxes through tariffs. While he was generally upbeat about the U.S.

Finance Biz leaders fight Trump on Fed critique
Author: 0 Biz leaders fight Trump on Fed critique

It has climbed 29 percent since Donald Trump was elected. So as a born contrarian, I chose to take what I call a sanity stroll Wednesday afternoon as the madness mounted. On Friday, federal data showed that the US jobless rate fell to 3.7 percent in September, its lowest point since 1969. The benchmark Nikkei 225 dropped almost two percent at the open and extended losses to below the three-percent mark, as traders fretted about surging interest rates and an ongoing trade spat.

Finance Nigeria To Witness Sluggish Economic Growth In 2019
Author: 0 Nigeria To Witness Sluggish Economic Growth In 2019

The report said, "Argentina has a currency that is now 20 percent cheap to fair value, and the International Monetary Fund assumes this will already help reduce its current account deficit from 4.9 percent of GDP in 2017 to 3.7 percent of GDP in 2018 and 3.2 percent of GDP in 2019".

Finance FT: British PM May briefs inner Cabinet that Brexit deal is close
Author: 0 FT: British PM May briefs inner Cabinet that Brexit deal is close

Barnier said Brexit would trigger the need for customs, Value-Added Tax and compliance checks with EU standards between Ireland and Northern Ireland in the event that a planned "backstop" were triggered because a future EU-UK trade deal was not sufficient in itself to ensure the land frontier was not a "hard border".

Finance Virgin's Branson halts talks on $1 billion Saudi investment in space ventures
Author: 0 Virgin's Branson halts talks on $1 billion Saudi investment in space ventures

A team of investigators is preparing to go into the consulate, where Khashoggi was last seen entering nine days ago, a Turkish security official told Reuters . Trump told reporters at the White House that he talked with the kingdom's leaders "more than once" since Khashoggi, a U.S. resident and Washington Post contributor, disappeared on Tuesday after entering the Saudi consulate in Istanbul.

Finance Wall Street plunges as investors seek safety
Author: 0 Wall Street plunges as investors seek safety

Gulf of Mexico output. Tech stocks declined due to rising bond yields, which followed a spike in rates for the benchmark United States 10-Year Treasury. But higher interest rates can slow economic growth and erode corporate profits. Gina Martin Adams, the chief equity strategist for Bloomberg Intelligence, said investors fear that company profit margins will be squeezed by rising costs, including the price of oil.

Finance Trump calls 'loco' Federal Reserve 'too aggressive': Fox interview
Author: 0 Trump calls 'loco' Federal Reserve 'too aggressive': Fox interview

But he's also calling the drop "a correction we've been waiting for for a long time". On Wednesday, he discounted the stock market's plunge - with the Dow Jones industrial average falling 831 points. Economists generally agree that in order to prevent runaway inflation, the Federal Reserve can raise interest rates to restrain the money supply. At just over 2 percent, the Fed's short-term policy rate remains low by historic standards, and most indexes of borrowing costs and credit flows still ...

Finance Retail Icon Sears Hires Adviser for Bankruptcy Filing
Author: 0 Retail Icon Sears Hires Adviser for Bankruptcy Filing

Sears is considering filing for bankruptcy protection as soon as this week as it faces a large debt repayment on Monday, reports The Wall Street Journal . But if Sears is now in touch with banks to secure the financing needed for a bankruptcy filing, as CNBC reported Wednesday morning, that could send the surest signal yet that such a move may not be far off.

Finance Markets hammered after USA stocks rout
Author: 0 Markets hammered after USA stocks rout

On Wednesday, President Donald Trump said the Fed "is making a mistake" with its campaign of rate increases. "As uncertainty continues to prevail in financial markets across the world, many investors are staying on the sidelines until more clarity emerges in U.S.

Finance Will approach both friendly countries, International Monetary Fund to overcome economic crisis: Imran Khan
Author: 0 Will approach both friendly countries, International Monetary Fund to overcome economic crisis: Imran Khan

Last month, the Swiss government, raised its GDP forecast for 2018 to 2.9% from 2.4% and, earlier this year, it was announced that Swiss exports had matched and surpassed their recent growth. Lagarde told a news conference that she will meet the Pakistan delegation to discuss the issue later on Thursday. The IMF on Tuesday cut its global growth forecasts due to an escalating U.S.

Finance The US Heard Saudis Talk About Capturing Khashoggi
Author: 0 The US Heard Saudis Talk About Capturing Khashoggi

Decades of close U.S. -Saudi relations, which have only intensified under Trump, appeared in jeopardy by the suggestion of a carefully plotted murder of a government critic, Jamal Khashoggi , 59, who disappeared a week ago after entering a Saudi consulate in Turkey .

Finance Crude Oil Price Surges on Iran Sanctions, Gulf of Mexico Fears
Author: 0 Crude Oil Price Surges on Iran Sanctions, Gulf of Mexico Fears

Oil also dropped as investors focused on rising output from other producers, such as top exporter Saudi Arabia, to compensate for lower Iranian supplies. The administration is still committed to pressuring the globe to cease Iranian oil imports, the official said. Oil prices edged lower on Wednesday after the International Monetary Fund lowered its global growth forecasts but prices were supported as Hurricane Michael churned toward Florida, causing the shutdown of almost 40 percent of U.S.

Finance International Monetary Fund lifts Saudi forecast, reverses Iran growth
Author: 0 International Monetary Fund lifts Saudi forecast, reverses Iran growth

The global organisation said that India's growth has rebounded from "transitory shocks" such as the demonetisation of high value currency notes and the introduction of the Goods and Services Tax . The UK economy is expected to grow by 1.4 percent this year - down from April's prediction of 1.6 percent - while predicted growth for 2019 remains at 1.5 percent, a slowdown from 1.7 percent in 2017.

Finance Apple tells Congress that global supply chain wasn’t compromised
Author: 0 Apple tells Congress that global supply chain wasn’t compromised

Given that this story is too huge to just sweep under the rug, denials came in swiftly from both Amazon and Apple . The report claimed that in addition to Apple and Amazon , Super Micro manufactured equipment for the United States defence department's data centres and other federal government functions - some operated by Apple and Amazon Web Services.

Finance Hurricane Michael is a rare, but not unprecedented, October storm
Author: 0 Hurricane Michael is a rare, but not unprecedented, October storm

Floridians scurried to prepare after Gov. Rick Scott declared a state of emergency for 26 counties. Michael was now a Category 1 hurricane, at the bottom of the five-step Saffir-Simpson scale. Another national, Neil Fung, said the storm looks like " a major one". More guard troops are expected to be activated soon. Michael is likely to be a strong category two storm - and possibly a major hurricane (i.e.

Finance India wants US sanctions waiver after cutting Iran oil imports
Author: 0 India wants US sanctions waiver after cutting Iran oil imports

The announcement, the first indication Washington was considering such waivers, followed a Reuters report that India planned to lift some Iranian oil in November although it has been cutting back on Iranian imports recent months. Pradhan reportedly said Monday that India does not know if it would get a waiver from the U.S. She said the sanctions that would come into force on 4 November were created to bring Tehran to book and not to penalise India, which meets 83% of its crude oil ...

Finance U.S. oil exports fall as India turns to Iran ahead of sanctions
Author: 0 U.S. oil exports fall as India turns to Iran ahead of sanctions

Iran's exports will fall to 1.1 million b/d in October, Platts Analytics projects. U.S. crude exports can not increase rapidly enough to replace Iranian barrels, until the Permian pipeline bottleneck eases in mid-2019. In September, Indian buyers increased purchases of Iranian crude to 502,000 billion per day, up 111,000 billion per day over August. She also said that the ICJ's decision on Iran-U.S.

Author: 0 U.S. Employment Rises Much Less Than Expected In September

The unemployment rate declined by 0.2 percentage point to 3.7 percent in September, and the number of unemployed persons decreased by 270,000 to 6.0 million. Analysts on average had expected a decline of unemployment to 3.8% in September, however, the statistics exceeded expectations. After upward revisions for nonfarm payroll employment in July and August, monthly job gains have averaged 190,000 over the past three months.

Finance Rupee opens at historic low of 73.70 against USA dollar
Author: 0 Rupee opens at historic low of 73.70 against USA dollar

The rupee opened lower at 73.26 and weakened further to quote at 73.34 a dollar against its previous closing of 72.91 on Monday. The Indian rupee breached the 74-mark at the end of Friday, which according to RBI governor Urjit Patel, is still a better performance than its peers.

Finance Oil prices mark weekly gains ahead of Iran sanctions
Author: 0 Oil prices mark weekly gains ahead of Iran sanctions

The investment bank said there was enough oil to meet demand, but "global spare capacity is dwindling to the lowest level that we can document. meaning any further supply disruptions would be hard for the market to manage - and could lead to spiking crude oil prices ".

Finance United States unemployment falls to lowest rate in 48 years
Author: 0 United States unemployment falls to lowest rate in 48 years

Claims fell to 202,000 during the week ended September 15, which was the lowest level since November 1969. The number of Americans filing for unemployment benefits fell to a near 49-year low last week, pointing to sustained labour market strength, which should continue to underpin economic growth.

Finance Theresa May sways to 'Dancing Queen' to deliver upbeat Brexit message
Author: 0 Theresa May sways to 'Dancing Queen' to deliver upbeat Brexit message

British Prime Minister Theresa May has declared the age of austerity over with a message to voters that "there are better days ahead". Prime Minister Theresa May will urge her fractured Conservative Party to unite behind "decent, moderate and patriotic" policies, a day after her rival Boris Johnson challenged her authority with a crowd-pleasing speech of his own.

Finance Tesla shares fall after Musk trolls U.S. securities watchdog
Author: 0 Tesla shares fall after Musk trolls U.S. securities watchdog

Einhorn said that just like Lehman, Tesla CEO Elon Musk has "bluffed" about the company's current financial position. Cramer has previously suggested that Tesla's board should put Musk on a short medical leave after weeks of what Cramer called "bizarre" behavior.

Finance India Introduces Fuel Relief On Rising Prices At The Pump
Author: 0 India Introduces Fuel Relief On Rising Prices At The Pump

After you announced Rs 5/litre, implement it instead of giving just Rs 4.37/litre... A day after slashing Value-Added Tax on petrol in Maharashtra, Chief Minister Devendra Fadnavis said here on Friday that even diesel prices will be reduced by around Rs 4/litre.

Finance Toyota to recall 2.4 million hybrid cars globally over faulty program
Author: 0 Toyota to recall 2.4 million hybrid cars globally over faulty program

See the chart below. A failsafe mode created to engage in the event of a hybrid system fault may not kick in because of a software glitch, causing the auto to stall, according to a company statement. The company issued recalls in 2014 and 2015 to address similar issues but "did not anticipate this new condition" at the time, Toyota said Friday. The fail-safe driving mode, also known as "limp mode", is engaged when the auto computer detects a critical issue with the vehicle, which usually ...

Finance Aston Martin falls 5% in London IPO
Author: 0 Aston Martin falls 5% in London IPO

The shares fell to as low as 17.75 pounds and were down 3.16 percent at around 8 a.m. GMT. Potential investors offering below 19 pounds per share for shares in luxury British carmaker Aston Martin IPO-ASTM.L risk missing out in the float, two of the bookrunners helping to organise it said on Tuesday.

Finance Elon Musk Tweet Appears to Mock the Securities and Exchange Commission
Author: 0 Elon Musk Tweet Appears to Mock the Securities and Exchange Commission

Musk used his Twitter account to jab the Securities and Exchange Commission , the same agency that went after him for an August 7 tweet in which he declared he had secured financing for a Tesla buyout. Nathan said it was her regular practice to request such letters. Nathan "may want to know why Tesla is paying a fine because the CEO doesn't know when to shut up", said Adam Pritchard, a University of MI law professor and former SEC lawyer.

Author: 0 Pentagon report accuses China of trying to undermine United States defense industry

China on Friday (Oct 5) rejected United States Vice-President Mike Pence's charge that Beijing was meddling in American elections as "unwarranted" and "ridiculous". "The worldwide community has already known fully well who wantonly infringes upon others' sovereignty, interferes in others' internal affairs and undermines others' interests".

Finance Mike Pence says 'no doubt' China is meddling in USA elections
Author: 0 Mike Pence says 'no doubt' China is meddling in USA elections

Neither Trump nor Pence provided hard evidence of Chinese meddling. In his speech at the Hudson Institute on Thursday, Vice President Mike Pence laid out a series of what he described as China's "malign" activities - and alleged some of them were created to target voters in the 2018 election.

Author: 0 Pompeo will meet Kim Jong-un on Sunday, US State Department says

The department said Pompeo, after wrapping up his North Korea visit, will come to Seoul, also on Sunday, and brief President Moon Jae-in and Foreign Minister Kang Kyung-wha about his talks in Pyongyang. The stalled denuclearization talks were put back on track after North Korea offered to dismantle its major nuclear complex in Yongbyon if the USA took corresponding measures at the inter-Korean summit last month.

Finance Petrol, diesel prices cut by Rs 2.50 after excise reduction
Author: 0 Petrol, diesel prices cut by Rs 2.50 after excise reduction

Union Minister of Petroleum and Natural Gas Dharmendra Pradhan, who is in Bhubaneswar at present, requested Odisha Chief Minister Naveen Patnaik to cut taxes on fuel, ANI reported. Jaitley, however, said asking oil companies to bear a part some burden is not going back on deregulation. The government has upped its ante and steps has been taken to cut down on the borrowing by Rs 70,000 crore and it has allowed OMCs to raise $10 billion.