Finance

Finance Not seeking Rs 3.6 lakh cr from RBI
Author: 0 Not seeking Rs 3.6 lakh cr from RBI

Sources said the government nominee directors and a few independent directors could raise the issue of interim dividend along with the capital framework of RBI . The issue may come up at the next RBI board meeting on November 19. "Which part of the RBI is broken that the government is anxious to fix?" Later it was revealed that government in an unprecedented step had invoked Section 7 of the RBI Act - to direct the Bank to ease NPA norms so that banks could start lending and support ...

Finance Target & Walmart release Black Friday ads for holiday shoppers
Author: 0 Target & Walmart release Black Friday ads for holiday shoppers

Walmart has married a Sony PS4 1TB Slim with a Spider-Man video game for $199. While 45 percent plan to visit stores on Black Friday , robust spending is expected to continue throughout the holiday season, with 28 percent spending on that Saturday or Sunday and 26 percent shopping on Cyber Monday.

Author: 0 Labour MPs react to Jo Johnson resignation over Brexit

On BBC Radio 4's Today he called again for another referendum, saying what was being offered fell "spectacularly short" of what had been promised. "I've done so, if others feel that it's right for them to do so then good on them". Jo Johnson's resignation, and his call for a fresh referendum to test voter sentiment, further complicates matters for May as she tries to strike a deal with European Union leaders that would pass muster with her own cabinet and win backing in Parliament .

Finance Another Keystone XL setback; environmental review ordered
Author: 0 Another Keystone XL setback; environmental review ordered

After years of legal wrangling, Barack Obama rejected the permit in 2015. The ruling is temporary and requires the government to do a more thorough review of how the project might affect the climate, cultural resources and wildlife. The US$8-billion project would help carry 830,000 barrels of crude a day from Hardisty, about 200 kilometres east of Red Deer, to Steele City, Neb., where it could then move on to refineries in the central USA and Gulf Coast.

Finance Runaway Train Blazes Through Western Australia For More Than 50 Miles
Author: 0 Runaway Train Blazes Through Western Australia For More Than 50 Miles

With no one at the controls, the 3km long runaway train travelled for nearly an hour, at speeds of up to 110km/h, before it crashed about 210km south of Port Headland. A runaway train with no one inside which hurtled through the Western Australia Pilbara region reached speeds of more than 150km/h before it was deliberately derailed .

Finance Tesla names new chair to replace Elon Musk
Author: 0 Tesla names new chair to replace Elon Musk

Tesla has appointed Robyn Denholm as chair of its board, replacing the electric carmaker's billionaire founder Elon Musk . Robyn Denholm, Telstra's chief financial officer and head of strategy, has been named to head the company's board with immediate effect late Wednesday, the automaker said in a statement posted to its blog.

Finance Indonesian plane grounded after passengers complain about stinky durian
Author: 0 Indonesian plane grounded after passengers complain about stinky durian

At one point, things got so heated that a brawl nearly ensued, according to Boyke Ledy Watra, a journalist with Indonesian news agency Antara who was among those on board. Sriwijaya spokeswoman Retri Maya said the durian had been properly loaded into the plane. "The thorny durian is a delicacy in much of Asia but also controversial - you either love it or hate it", wrote the BBC .

Finance Supreme Court rejects industry challenge of 2015 net neutrality rules
Author: 0 Supreme Court rejects industry challenge of 2015 net neutrality rules

The appeal was unusual in that the FCC's 2015 net neutrality rules have already been repealed under the current administration, following a Commission vote last December in which members voted 3-2 along party lines. Amy Howe of SCOTUSBlog explained that Kavanaugh was "expected to recuse himself from voting on the petitions because he had participated in the cases while on the D.C.

Finance What we know so far from the midterm election results
Author: 0 What we know so far from the midterm election results

Democrats could derail Trump's legislative agenda for the next two years should they win control of the House or the Senate . The Republicans were likewise expected to keep their slim, 51-49 advantage in the Senate, or perhaps even add to their majority in the chamber.

Finance New U.S. Sanctions Against Iran Go Into Effect
Author: 0 New U.S. Sanctions Against Iran Go Into Effect

The US sanctions herald the end of Washington's involvement in the landmark 2015 deal signed between Iran, the US and other world powers, which was created to curb Iran's nuclear ambitions. Keen said the European Union was also looking to implement a payment mechanism via a Special Purpose Vehicle to handle transactions with Iran and avoid payments directly into or out of Iran.

Finance Democrats fight to win control of the House in 2018 midterms
Author: 0 Democrats fight to win control of the House in 2018 midterms

Facebook also blocked about 115 user accounts after U.S. authorities tipped it off to suspicious behaviour that may be linked to a foreign entity, the company said hours voting began. The midterms are being watched beyond America's borders - as Trump's moves cause ripples internationally. The race to replace Scott as governor has also been tight - with Democrat Andrew Gillum hoping to become the state's first African-American governor.

Finance Election Day to test Democratic resistance in Trump era
Author: 0 Election Day to test Democratic resistance in Trump era

Congressional investigations and potential impeachment proceedings, even though nominal, would likely use up significant bandwidth while a growing number of Democrats and even Republicans are likely to attempt reducing Presidential power in dealing with trade.

Finance Term elections 2018: Trump makes final bid for votes
Author: 0 Term elections 2018: Trump makes final bid for votes

With races extremely tight in many House battles, control of the House will come down to turnout in key races. During his final campaign rallies in Ohio, Indiana and Missouri, Mr Trump returned to his key campaigning issues, including insisting that Democrats would damage the economy and allow more illegal immigration.

Finance Amazon to roll out free shipping to everyone during 2018 holiday season
Author: 0 Amazon to roll out free shipping to everyone during 2018 holiday season

Walmart, arguably Amazon's biggest competitor in the U.S., has kept its $35 minimum threshold for free shipping for this holiday season (so far, at least). Both Target and Best Buy are offering similar promotions. It's $49 free shipping threshold didn't last long after Walmart unveiled its policy of free two-day shipping with every order $35 or more in January 2017 .

Finance Lowe's to close two mid-Michigan stores
Author: 0 Lowe's to close two mid-Michigan stores

Based in Boucherville, Que., Lowe's Canadian business has more than 630 corporate and independent affiliate dealer stores. Lowe's said employees in the affected stores were notified of the closures Sunday evening. The stores are expected to close for good by February 1. Store closing sales will occur at most of the affected locations, with exception of select stores in the USA, which the company said will close immediately.

Finance Iran erupts as U.S. oil sanctions return
Author: 0 Iran erupts as U.S. oil sanctions return

Iranian President Hassan Rouhani has vowed to sell his country's oil and break the sanctions. "The last set of sanctions lifted under the bad nuclear deal will come back into force, including powerful sanctions on Iran's energy, shipping, and shipbuilding sectors, and sanctions targeting transactions with the Central Bank of Iran and sanctioned Iranian banks", the president said .

Finance Theresa May’s ‘secret Brexit deal’ with EU
Author: 0 Theresa May’s ‘secret Brexit deal’ with EU

Brexit is fraying Britain's relationship with Ireland, the country's prime minister Leo Varadkar has warned. In a major intervention on the controversial backstop, amid reports that the government plans to keep Northern Ireland in aspects of the European Union trade structures, Mr Davis said it was "pretty clear there is genuine and significant concern regarding the implications of any fresh backstop text".

Finance County Unemployment Rate Down In September
Author: 0 County Unemployment Rate Down In September

For Republicans, the good news about the economy has mostly been drowned out during the election campaign by Trump's focus on immigration and his attacks on Democrats, both of which energize the president's core supporters. The economy has now added jobs for 97 straight months, a record. It's likely that the October wage figure was slightly inflated because the severe hurricanes previous year ended up depressing wages.

Finance The United States could trade with China
Author: 0 The United States could trade with China

General Assembly and reached a deal to tackle China's unfair trade practices. Chinese state media said Trump also expressed support for a conference in Shanghai next week that Xi is using to promote the country as an import destination.

Finance Apple to stop releasing iPhone sales numbers
Author: 0 Apple to stop releasing iPhone sales numbers

Apple also says that moving forward it will release what it describes as "qualitative statements" about product sales at irregular intervals. Excluding a one-time favorable adjustment of $640 million recognized in the fourth quarter of fiscal 2017, Services revenue grew from $7.9 billion in the fourth quarter of fiscal 2017 to $10 billion in the fourth quarter of fiscal 2018, an increase of 27 percent.

Finance United States announces broad new sanctions against Iran
Author: 0 United States announces broad new sanctions against Iran

The sanctions are part of what the Trump administration calls a "maximum pressure" campaign aimed at convincing Iran to abandon its nuclear program and end its support for us foes in the Middle East. The new measures are expected to hit Iranians hard, CBS News' Elizabeth Palmer reported . Tehran accounts for 5 percent of Tokyo's imports of crude.

Finance Toronto may have lost out to Washington area for Amazon's HQ2
Author: 0 Toronto may have lost out to Washington area for Amazon's HQ2

The newspaper said that the discussions have touched on how quickly Amazon could move employees to Crystal City, which buildings they would occupy and how an announcement about the move would be made. In its 190-page bid submitted to Amazon in October Toronto offered up 10 locations across the region that it said would be suitable for the company's second headquarters, including a site in the Port Lands.

Finance Tesla 'Summon' upgrade: You'll operate vehicle like an RC toy, Musk says
Author: 0 Tesla 'Summon' upgrade: You'll operate vehicle like an RC toy, Musk says

The capability was rather limited, allowing owners to prompt a parked Tesla to roll out of a garage or parking spot, but it wasn't capable of driving autonomously through a parking garage to find an empty parking space. Musk was discussing the difficulty of creating a successful auto company and how Tesla, Ford , General Motors, and Chrysler (now Fiat Chrysler) struggled during the 2008 recession.

Finance Italy Manufacturing Sector Contracts For First Time Since 2016
Author: 0 Italy Manufacturing Sector Contracts For First Time Since 2016

The U.K. manufacturing outlook darkened during October , according to the latest IHS Markit PMI survey, as "trade tensions" and "Brexit uncertainty" led to a decline in new orders and employment among the nation's industrial firms. An index reading of above 50 indicates an overall increase in economic activity, or growth, and below 50 an overall decrease. Anecdotal evidence pointed to transport shortages across North America and shipping delays at ports following typhoons in Asia.

Finance Workers are earning more in a tight labor market
Author: 0 Workers are earning more in a tight labor market

With unemployment at 3.7 percent, the uptick in wage growth suggests that businesses are ramping up efforts to expand their payrolls with greater compensation.The ADP national employment report , also released Wednesday, showed private businesses adding 227,000 jobs in October, beating economists' expectations for an increase of 189,000.

Finance Facebook shares fall after it slightly misses user, revenue estimates
Author: 0 Facebook shares fall after it slightly misses user, revenue estimates

Zuckerberg said that Stories , which allows users to upload short photo or video collections and acts as a kind of second news feed , had shaken off slow early progress and was "now growing quickly". Suitable ads are hard to make, he added. As of this writing, Facebook shares are rising almost 4% to $151.50. Tuesday's results bought Zuckerberg some time to pursue the new initiatives.

Finance Oil Monthly Forecast - November 2018
Author: 0 Oil Monthly Forecast - November 2018

Saudi Arabia would also raise its daily crude oil output to 11 million barrels from 10.7 million barrels and the country has a capacity to generate 12 million barrels of crude oil each day, according to Al-Falih. Crude oil futures were lower as of mid-morning Tuesday as market participants appeared to be positioning themselves for an inventory build-up once data is released later Tuesday by API, and then Wednesday by the EIA.

Finance China-Pakistan Corridor Not Tied to India-Pakistan Territorial Dispute - Beijing
Author: 0 China-Pakistan Corridor Not Tied to India-Pakistan Territorial Dispute - Beijing

He said: "My party has only been in power for two months". Pakistan is expected to receive $6 billion economic package from China during the visit, Geo TV quoted sources as saying. In a meeting with Chinese IDCPC Minister Song Tao in Beijing , he said such exchanges would ensure that the exceptional friendship between Pakistan and China endured from generation to generation.

Finance Brexit Secretary Dominic Raab to meet NI politicians
Author: 0 Brexit Secretary Dominic Raab to meet NI politicians

London, which has been a critical artery for the flow of money around the world for centuries, is the world's largest centre of worldwide finance. "I would be happy to give evidence to the committee when a deal is finalised, and now expect November 21 to be suitable", he wrote .

Finance How to get a free reusable festive red cup at Starbucks
Author: 0 How to get a free reusable festive red cup at Starbucks

Each year, as soon as Halloween is over, the coffee chain reveals its famous red cup. What's going on: Starbucks unveiled its latest lineup of holiday cups Thursday. No matter your stance on these cup designs, if you want to wrap your mitts around a free reusable cup, if you are among the first 50 customers to purchase a holiday beverage at participating Starbucks Canada locations on November 2, you can get a reusable red cup for free, while supplies last.

Finance White House Hints At Easing Of Iran Sanctions For 'Friends And Allies'
Author: 0 White House Hints At Easing Of Iran Sanctions For 'Friends And Allies'

The Organization of Petroleum Exporting Countries increased production in October to the highest level since 2016, while Russian Federation was said to raise output to a post-Soviet record. The global benchmark crude traded at a $9.52 premium to WTI for the same month. A Chinese official told Reuters that discussions with the U.S. government were ongoing and that a result was expected over the next couple of days.

Finance Sino-US Relations Can Improve, Says Chinese Premier Amid Trade War
Author: 0 Sino-US Relations Can Improve, Says Chinese Premier Amid Trade War

In a phone call with U.S. President Donald Trump, Xi also said China would continue to play a constructive role in the process. "President Xi Jinping also stressed that China-U.S. Although U.S. -China relations have been rocky, Keqiang said he is optimistic both nations can work together in the spirit of mutual respect. Meeting a group of Republican lawmakers in Beijing , China's Li noted the China-US relationship's "ups and downs" over the past four decades of diplomatic ties.

Finance Google employees stage global walkout for women's rights
Author: 0 Google employees stage global walkout for women's rights

Employees and contractors from more than 40 Google offices including London , Dublin and NY left their desks at an 11.10am local time for each location. About 1000 employees at Google's headquarters in San Francisco walked off the job for half an hour on Thursday, chanting: "Women's rights are workers' rights!" "Although it's not necessarily something that's happened to me, I understand that this is something that is real and has impacted so many lives", said associate account ...

Finance Micron's Chinese DRAM antagonist hit with United States export boycott
Author: 0 Micron's Chinese DRAM antagonist hit with United States export boycott

The Trump administration has launched a new salvo in its escalating trade war with China by adding Fujian Jinhua Integrated Circuit , a state-backed company, to a list of businesses that may not buy components from U.S. The move comes as the United States and China are locked in a standoff over trade, market access and the transfer of technology secrets, CNN said. Jinhua sued the US company the following month in a Chinese court and obtained an order blocking sales of some Micron products.

Finance Donald Trump expects 'great deal' with China over trade
Author: 0 Donald Trump expects 'great deal' with China over trade

Stocks took a tumble Monday with the Dow Jones Industrial Averageexperiencing a dramatic swing to close down almost 250 points amid concerns of another wave of Chines tariffs. United States stocks edged higher in the first hour of trading on Tuesday. The Nasdaq has dropped 13% from its August 29 record high. "We talked about a prospective trade war".