Finance

Finance Rouhani first deputy: USA can not stop export of Iranian oil
Author: 0 Rouhani first deputy: USA can not stop export of Iranian oil

Brent crude oil futures were down 8 cents, to $77.54/Bbl at 1:38 p.m. ET, dropping roughly 6.3% this month, and threatening to post the worst decline also since July 2016. In North America, however, there is no oil shortage as USA crude oil production C-OUT-T-EIA has increased by nearly a third since mid-2016 to around 11 million barrels per day.

Finance The 'solar' roof on your Kia will soon charge your vehicle
Author: 0 The 'solar' roof on your Kia will soon charge your vehicle

Korean auto manufacturer Hyundai will adopt solar panel charging technology for electric and hybrid vehicles from next year, including cars released under the Kia brand. It integrates into a panoramic sunroof to simultaneously let light in and charge the vehicle's battery. The Korean companies also mentioned they will be coming out with solar body panels, such as ones for the hood and trunk lid, to generate even more power for the system.

Finance Pakistan moves up 11 spots in 'ease of doing business' ranking
Author: 0 Pakistan moves up 11 spots in 'ease of doing business' ranking

PM Modi tweeted that he was "delighted". The report measures the performance in ease of doing business in 190 countries. The latest reforms were in the areas of Starting a Business, Dealing with Construction Permits, Getting Electricity, Getting Credit, Paying Taxes, and Trading Across Borders.

Finance RBI vs Govt: Centre to soon issue a statement
Author: 0 RBI vs Govt: Centre to soon issue a statement

The following development surfaces soon after there were reports of a rift between the RBI Governor and the government. The Economic Times said the government invoked powers under Section 7 of the RBI Act by sending several letters to Governor Urjit Patel in recent weeks on issues related to liquidity for non-banking finance firms, capital for weak banks and lending to SMEs.

Finance US Economy Grows By 3.5% In Third Quarter
Author: 0 US Economy Grows By 3.5% In Third Quarter

Bloomberg's USA chief economist Carl Riccadonna said following the report that, "The composition of growth in the third quarter has some important implications". The Congressional Budget Office estimated GDP growth would spike in 2018 but drop to more moderate levels in the coming years. For investment to fall at a time when the economy is booming and corporations are flush with cash from the big corporate tax cuts that went into effect this year is a sign that businesses don't think that the ...

Finance Lion Air Plane Crashes Minutes After Take-Off From Jakarta: Updates
Author: 0 Lion Air Plane Crashes Minutes After Take-Off From Jakarta: Updates

According to reports, Suneja was considering returning to India this year. Lion Air JT610 pilot Bhavye Suneja. In 2004, a Lion Air flight 538 from Jakarta crashed and broke up on landing at Solo City, killing 25 people. It says final telemetry from the aircraft indicates it was in a "rapid descent". The accident is the first to be reported that involves the widely-sold Boeing 737 MAX, an updated, more fuel-efficient version of the manufacturer's workhorse single-aisle jet.

Finance IBM buying North Carolina-based Red Hat in $34B deal
Author: 0 IBM buying North Carolina-based Red Hat in $34B deal

Red Hat, which specialized in the Linux operating system, charges customers for support, training and consulting services. "The largest software transaction in history and it's an open source company". "These are new products for IBM to sell". Since the day we chose to bring open source to the enterprise, our mission has remained unchanged. "Together we can become the leading hybrid cloud solutions provider".

Finance Iran Sanctions From November 5 To Make Fuel Dearer
Author: 0 Iran Sanctions From November 5 To Make Fuel Dearer

Not only did you have Saudi Arabia backtrack from their "pump all you can" policy, you also had great earnings from energy companies and as of right now that does not even matter. However, last May U.S. President Donald Trump announced the withdrawal of his country from the JCPOA, under the assumption that Iran secretly develops a nuclear program.

Finance India's crude oil imports from Iran jumped 10pct in September 2018
Author: 0 India's crude oil imports from Iran jumped 10pct in September 2018

Current tension between USA and Saudi Arabia , over Khashoggi hold a potential to affect world oil market but stability in oil market is US priority and also US trying to drop Iran oil export to zero. Output remained unchanged at 10.9 million barrels per day (bpd), slightly below a record 11.2 million bpd reached at the start of October. Oil is poised for the longest weekly declining run since August as equity markets resumed their slide and OPEC sent conflicting signals on supply.

Finance U.S. brands falter in Consumer Reports auto reliability survey
Author: 0 U.S. brands falter in Consumer Reports auto reliability survey

Tesla ranked No. 27 in reliability, down six spots. Implementing new tech is listed as a possible reason for numerous lower rankings seen on this year's survey. "Bulls & Bears" panel discusses how Ford's new ad campaign took aim at rival automakers Tesla, General Motors and Fiat Chrysler . CR says its reliability ratings "show how well vehicles have held up and the odds that an owner could be inconvenienced by problems and repairs".

Finance Google's Sundar Pichai says 48 employees were fired for sexual harassment
Author: 0 Google's Sundar Pichai says 48 employees were fired for sexual harassment

Pichai also said there were newer tools at Google that employees can use to report sexual harassment or misconduct. Sundar Pichai also clarified that these employees did not receive any exit package when they were terminated. Google opened an investigation, during which time the company's board of directors awarded Rubin $150m in shares. Google has fired 48 employees over sexual misconduct since 2016, including 13 " senior managers and above ", Pichai said Thursday in a surprise ...

Finance Retired veteran claims $1 million Powerball ticket in Madison
Author: 0 Retired veteran claims $1 million Powerball ticket in Madison

A hospital worker heard the news and invited him to join an employee pool. Earl Livingston, 87, left home to buy a ticket for the historic $1.6 billion jackpot but on his way to the store, he slipped and fell. "We were overwhelmed and humbled that they did this", niece Bobbie Mickle said. "I want to thank everybody", Livingston said. "I thought he was confused, maybe from pain meds".

Finance Tesla shares charge up 12% after third-quarter profits announcement
Author: 0 Tesla shares charge up 12% after third-quarter profits announcement

But more importantly, each success built investor confidence, allowing Tesla to raise more capital for the next vehicle . Tesla shares boosted 12 percent after the exciting earnings report . Tesla reported profit of $311.5 million, or $1.75 each share, for the third quarter ended September 30, compared with a loss of $619.4 million, or $3.70 per share, a year ago.

Finance China leads the way as worlds billionaires get even richer
Author: 0 China leads the way as worlds billionaires get even richer

The number of billionaires in the country saw a net increase from 318 to 373, with a joint wealth of $1.12 trillion (£874bn), said the survey. Rapid urbanisation and productivity growth would help the young entrepreneurs at the forefront of China's wealth creation continue to reach the ranks of the billionaires in the coming years, it said.

Finance Germany: Saudi explanation on Khashoggi not sufficient
Author: 0 Germany: Saudi explanation on Khashoggi not sufficient

On Saturday, Saudi Arabia publicly said the insider turned critic had died after an altercation at the consulate. Authorities have previously carried out inspections at the consulate and consul general's residence in Istanbul as part of the investigation.

Finance Wall Street rebounds after rout, Nasdaq +3.0%
Author: 0 Wall Street rebounds after rout, Nasdaq +3.0%

AT&T sank after reporting weak subscriber numbers, and chipmaker Texas Instruments fell sharply after reporting slumping demand. It too erased all of its gains for 2018. TARIFFS TROUBLE: Shares in iRobot gave up 13.5 percent to $79.40 percent after the robotics technology company said tariffs will reduce its profitability in the fourth quarter.

Finance Rate-raising Fed biggest threat to USA growth, says Trump
Author: 0 Rate-raising Fed biggest threat to USA growth, says Trump

The chairman of the Senate Finance Committee stood by Federal Reserve Chairman Jerome Powell after President Donald Trump said he "maybe" regrets appointing because the Fed has increased interest rates . However, Clarida said: "We have a very clear mandate, and the data shows up every month in terms of inflation and unemployment, and our job is to sustain what is a very healthy and robust economy".

Finance Volkswagen Debuts All-New T-Cross - Smallest VW SUV Ever
Author: 0 Volkswagen Debuts All-New T-Cross - Smallest VW SUV Ever

The new mid-sized SUV is based on the new-gen Polo platform and will be making its way to India as a part of Volkswagen's India 2.0 strategy. At launch, the T-Cross is available with a 1.0 litre TSI turbocharged three-cylinder petrol engine, producing 95 PS at 5,500 rpm and 175 Nm of torque from 2,000 to 3,500 rpm.

Finance Saudi crown prince jokes about detainment of Lebanese prime minister
Author: 0 Saudi crown prince jokes about detainment of Lebanese prime minister

The 33-year-old crown prince, who has claimed in phone calls with President Trump that he had nothing to do with the incident, sought Wednesday to further distance himself from the allegations. "(Saudis said) "Let's give a lesson to him". Bruce Riedel, a former Central Intelligence Agency official said, "This puts the ball firmly in Washington's court".

Finance One winning ticket in huge $1.5 billion USA lotto jackpot
Author: 0 One winning ticket in huge $1.5 billion USA lotto jackpot

The numbers drawn in Tuesday night's drawing were 5, 28, 62, 65, 70 and Mega Ball 5. The ticket was sold in Simpsonville, South Carolina , at KC Mart convenience store, the city's Mayor Janice Curtis said in a telephone interview on Wednesday.

Finance Lucky victor scoops world record-breaking $1.6bn USA jackpot
Author: 0 Lucky victor scoops world record-breaking $1.6bn USA jackpot

Mega Millions has more than 302 million possible number combinations. The numbers for the $1.6 billion Mega Millions drawing are: 5, 28, 62, 65, 70 and 5. Ruckel said the crush of publicity that falls on a lottery victor is something that most people do not usually experience, even those with a high net-worth.

Finance Amazon shares tank ahead of holiday sales
Author: 0 Amazon shares tank ahead of holiday sales

The company posted an increase in quarterly revenues despite a tumultuous three months for the company that saw political scandals , the cover-up of a major security flaw in its social network Google+ and the absence of its co-founders Larry Page and Sergey Brin - who have withdrawn from the public eye this year.

Finance Khashoggi's son Salah has left Saudi Arabia
Author: 0 Khashoggi's son Salah has left Saudi Arabia

The Saudi disclosure came after Central Intelligence Agency director Gina Haspel heard an audio recording of the killing during a fact-finding visit to Turkey this week. The kingdom has faced intensifying worldwide pressure to be transparent about the death of Khashoggi, a columnist for The Washington Post who was a critic of Saudi Crown Prince Mohammed bin Salman .

Finance Changing story again, Saudi Arabia says killing was planned
Author: 0 Changing story again, Saudi Arabia says killing was planned

After first insisting Khashoggi left the consulate unharmed, Saudi authorities said he was killed in an argument that degenerated into a brawl. The pro-government Yeni Safak newspaper reported Thursday that Turkish security forces were denied access to search the consulate's garden and well, but they were able to obtain water samples from the well.

Finance McDonald’s Set to Unleash Breakfast Sandwiches With ‘3 Times the Meat’
Author: 0 McDonald’s Set to Unleash Breakfast Sandwiches With ‘3 Times the Meat’

Well, "new" might be a bit of an overstatement, as the three new "Breakfast Triple Stacks" are actually just bigger versions of sandwiches that have been part of the menu for years. "We are proud of our breakfast items". A new breakfast could help bring them back . Linda VanGosen, vice president of menu innovation, said that customers have been requesting bigger sandwiches for breakfast.

Finance There will be justice for Khashoggi, says Saudi crown prince
Author: 0 There will be justice for Khashoggi, says Saudi crown prince

On Tuesday, Trump said Saudi officials had engaged in the "worst coverup ever" and that those behind the killing "should be in big trouble". Central Intelligence Agency director Gina Haspel heard an audio recording of the killing of Saudi journalist Jamal Khashoggi during her visit to Turkey this week, two sources told Reuters on Thursday, the first indication Ankara has shared its key evidence.

Author: 0 Microsoft is gaining ground after earnings (MSFT)

The company, which reported after markets closed, said it earned $1.14 per share on revenue of $29.08 billion for its fiscal first quarter on Wednesday, compared with 84 cents per share and $24.54 billion in the same quarter a year ago. LinkedIn revenue increased 33% (up 33% in constant currency) with record levels of engagement highlighted by LinkedIn sessions growth of 34%. Revenue from the company's Azure cloud computing business, which allows other companies to rent computing power from ...

Finance Mohammed bin Salman condemns Jamal Khashoggi killing
Author: 0 Mohammed bin Salman condemns Jamal Khashoggi killing

Riyadh first acknowledged on Friday - 17 days after Khashoggi disappeared - that the journalist died inside its consulate in Istanbul . Global business leaders have pulled out from attending the summit over the killing. The officials provided Haspel with video images and audio tapes as well as evidence gathered from the consulate and the consul's residence during a briefing at the Turkish Intelligence Organisation (MIT), Sabah newspaper reported.

Finance Key challenges facing Theresa May as Brexit battles intensify
Author: 0 Key challenges facing Theresa May as Brexit battles intensify

In a statement on Monday, the PM will say that since last month's fractious summit in Salzburg, "important progress" has been made on issues like security, transport and services. Writing in The Daily Telegraph , he said May was "considering different approaches" to kickstarting the stalled talks but she "won't sacrifice Northern Ireland".

Finance Samsung and Apple handed huge fines for slowing down smartphones
Author: 0 Samsung and Apple handed huge fines for slowing down smartphones

The investigation also concluded that both Apple and Samsung failed to provide enough information to the users about the updates including an option to opt-out if they wanted to. Italian consumer groups had complained that software updates for mobile phones reduced the functionality of the devices and were created to push clients into buying new handsets.

Finance Sharp falls wipe out Wall Street's 2018 gains
Author: 0 Sharp falls wipe out Wall Street's 2018 gains

USA stocks finished a punishing session sharply lower on Wednesday (Oct 24), with major indices sinking more than two percent and the Dow and S&P 500 tumbling and wiping out all the 2018 gains. The dive in formerly high-flying US tech stocks sent investors scampering to the safety of sovereign bonds, with yields in 10-year Treasuries US10YT=RR falling the most since May to 3.11 percent.

Finance Four winning Mega Million tickets worth $10,000 sold in La
Author: 0 Four winning Mega Million tickets worth $10,000 sold in La

SIMPSONVILLE, S.C. The number of billionaires in SC may have doubled overnight - at least before taxes - after a lottery ticket sold in the state won the $1.537 billion Mega Millions lottery jackpot. Floridas governor often gets the credit, or the blame, for the condition of the states economy.Maybe too much, given all the forces at play beyond his control.

Finance Mega Millions means money for education - but how much?
Author: 0 Mega Millions means money for education - but how much?

The last time someone hit the jackpot was July 24, when a group in California won $543 million. If more than one person wins, the jackpots would be divided proportionately, as happened in 2012 with a Mega Millions jackpot of $US656 million, a lottery official said.

Finance U.S. revokes 21 Saudi visas over Khashoggi death
Author: 0 U.S. revokes 21 Saudi visas over Khashoggi death

Turkey says that Khashoggi's death was the result of a murder plot implicating high-level Saudi officials and has released key details of the probe to the press. Erdogan made no reference to any audio recording. A three-story villa in western Turkey was raided by the police on October 23 as part of the investigation into the killing of Saudi journalist Jamal Khashoggi.

Finance CapitalTV: Prime Minister Imran Khan meets Saudi King Salman
Author: 0 CapitalTV: Prime Minister Imran Khan meets Saudi King Salman

Macro /ads/dfp-ad-article-new is missing! Saudi and Pakistani officials in this regard signed agreements on the sidelines of the second edition of the annual Future Investment Initiative (FII) Conference in Riyadh . Days before Khan's visit to Riyadh, Pakistan's' State Bank announced that inflation in the coming year would double, reaching 7.5 percent, while the country is likely to miss its expected growth target of 6.2 percent.

Finance Crude prices plunge as Saudi Arabia reassures market on supply
Author: 0 Crude prices plunge as Saudi Arabia reassures market on supply

Front-month Brent crude oil futures were at $79.62 a barrel at 0427 GMT, down 21 cents, or 0.3 percent, from their last close. The contract earlier touched $75.88, its lowest level since September 7. Al-Falih said there's no intention of repeating the 1973 oil embargo, in which the kingdom and several regional allies squeezed supplies to the USA and Europe in retaliation for their support for Israel.

Finance European Union rejects Italian draft budget, setting up standoff with defiant Italy
Author: 0 European Union rejects Italian draft budget, setting up standoff with defiant Italy

Far-right Deputy Prime Minister Matteo Salvini on Tuesday insisted Italy would stick to its budget despite the European Commission rejecting it for increasing the deficit, Italian media reported. That will mean Italy has three weeks to submit a revised budget or face sanctions. And for this we won't let you down. The government, however, is convinced that its additional spending will boost economic growth, helping reduce the debt-to-GDP ratio.

Finance Winning numbers drawn for $1.6 billion Mega Millions jackpot
Author: 0 Winning numbers drawn for $1.6 billion Mega Millions jackpot

Three of the five largest jackpots in US history were split between multiple people, with the largest single prize going to a MA resident in 2017 who won a $758.7 million Powerball prize. "I never play, but we just kind of figured 'why not?'" Kagan added, noting that if she wins, she said that she would buy a school and build some homeless shelters.