Markets

by | June 25, 2019 | 01:26

He will return to the New York University Stern School of Business in August instead of February next year, the Business Standard newspaper said. Staunchly defending the need for central bank independence, Acharya made public disputes with the government over issues ranging from lending curbs, more cash availability to non-banking finance companies (NBFCs), and who controls the RBI's reserves.

by | June 23, 2019 | 01:56

I didn't like that'. "Last week Israel published intelligence documents ... conclusively showing the Iranian's regime and its history of pursuing nuclear weapons", Trump said . bombs and shells in battles that claimed a grand total of two United States fatalities. " President Trump needs to act now to de-escalate the crisis, including through direct diplomacy with Iran without preconditions on either side", she said .

by | June 22, 2019 | 01:57

While Powell stayed mum about whether the Fed's July meeting would bring the first rate cut, the market is now certain that it will happen. Federal Reserve Vice Chairman Richard Clarida on Friday laid out the case for leaving rates where they are for now, though he said the Fed prepared to reduce interest rates if trade and other uncertainties put that outlook at risk.

by | June 21, 2019 | 00:27

The main story happened last night with the latest FOMC rate decision , with the markets front running a possible move towards an aggressive easing bias. That doesn't mean we couldn't see the bank try to adopt a slightly more hawkish bias, if only to try and put a floor under sterling after 7 weeks of declines against the euro.

by | June 20, 2019 | 01:35

Creating its own globe-spanning currency - one that could conceivably threaten banks, national currencies and the privacy of users - isn't likely to dampen regulators' interest in the social media giant. "America Online introduced 40 or 50 million people to the internet in a simple, safe, cheap way". Which seems more convenient? The digital wallet will let users send and receive Libra for a low or no cost.

by | June 19, 2019 | 02:10

President Trump tweets that he will have an extended meeting with Chinese President Xi at the G20 after a 'very good telephone conversation.' White House National Economic Council Director Larry Kudlow reacts. The Dow Jones Industrial Average was up more than 350 points, or almost 1.4 percent, in trading just before noon. "It will be essential to managing the current political dynamic and getting the talks back on track once again", he said.

by | June 19, 2019 | 01:34

Facebook's goal is to provide users with a way to send money to other social network citizens via smartphone "at little or no cost". Overall, while Facebook's Libra continues to make waves in the cryptocurrency industry, it is likely to brighten the spotlight on other cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH), which have always been under the scrutiny of world governments.

by | June 18, 2019 | 01:02

In an interview with ABC over the weekend, the NY lawmaker said the former vice president has not gained the support of half of the nation's voters. "It transcends party lines, and this is now about the rule of law in the United States of America".

by | June 16, 2019 | 04:57

The video , reportedly taken by the USS Bainbridge , shows what the United States claimed to be an Islamic Revolutionary Guard Corps Gashti Class patrol boat going to the side of the Japanese-owned Kokuka Courageous tanker , with a crew member apparently removing the item from the hull-proof, according to a us official, that Iran was responsible for Thursday's attacks, which also consisted of an attack on the Norwegian-owned tanker Front Altair .

by | June 15, 2019 | 03:55

Department of Commerce has placed Huawei on its Entity List , which bars U.S. firms from supplying the Chinese company with hardware and software. Huawei has come under mounting scrutiny for over a year, led by USA allegations that "back doors" in its routers, switches and other gear could allow China to spy on US communications.

by | June 13, 2019 | 15:23

Iranian emergency services have rescued forty-four sailors from two tankers that were attacked, the attack caused a fire on the vessels. But its arch-rival Saudi Arabia still maintains it was the most likely culprit. Iranian state television's website, citing the pro-Iran Lebanese satellite news channel Al-Mayadeen, said two oil tankers had been targeted in the Gulf of Oman .

by | June 12, 2019 | 04:27

Oil steadied above $62 a barrel on Tuesday as firmer equities and expectations OPEC and its allies will keep withholding supply countered concern about slowing economies and demand. -China trade tensions continued to threaten demand for crude and as major producers Saudi Arabia and Russian Federation had yet to agree on extending an output-cutting deal.

by | June 10, 2019 | 03:39

Relations between the world's two largest economies have nosedived in recent months due to a tariffs battle, US sanctions against Chinese telecoms giant Huawei Technologies Co Ltd and USA support for Chinese-claimed Taiwan. Trump has already imposed 25 percent tariffs on 200 billion USA dollars worth of Chinese goods, but is now weighing whether to impose new tariffs on other Chinese products worth 325 billion dollars.

by | June 08, 2019 | 03:43

In addition to free donuts at Shipley's, Aggieland Outfitters partnered with the donut shop to host a profit share benefiting Salvation Army . See a list of locations here. Because today is National Donut Day , Krispy Kreme is doing us a solid and giving away their too-good-for-this-world donuts for nothing but a smile.

by | June 08, 2019 | 02:25

This story has not been edited by Firstpost staff and is generated by auto-feed. In response to the report, the White House said its position on the Monday deadline had not changed. If he decides to up the ante and slap tariffs on all imports from China and Mexico, the situation could get much worse. Asylum claims, which are a legal form of entering the country, have surged recently but Trump has denounced them as a hoax.

by | June 07, 2019 | 04:11

On Monday as this news broke, shares of Facebook traded 7.5% lower while Google's parent company Alphabet lost 6% of its value on the stock market. "Their predatory power grabs demand strict & stiff investigation and antitrust action", the CT senator wrote on Twitter. The company declined comment on Friday.

by | June 06, 2019 | 05:30

Trump, who's traveling in Europe, wasn't at the meeting. Navarro told CNN that the tariffs, due to come into force next week, might not be needed because the United States now has "the Mexicans' attention" on stemming illegal immigration.

by | June 06, 2019 | 04:40

Huawei is willing formally agree not to spy on the US. Much of today's traffic goes through those cables and it's a huge business in which United States firm SubCom dominated the market, together with the European Alcatel-Lucent and Japan's NEC Corp.

by | June 05, 2019 | 06:39

In a series of tweets on Sunday, Trump extended his demands on Mexico beyond immigration, demanding it stopped an "invasion" of drug dealers and cartels. North Carolina ranked eighth among the states in terms of total imports from Mexico in 2018, according to data from the U.S. Chamber of Commerce .

by | June 04, 2019 | 00:15

Senior officials from Mexico will hold talks with the Trump administration today after the president threatened to impose a 5 per cent levy on June 10 on all goods imported from the country. -Mexico-Canada Agreement - the successor to the Nafta trade deal - just as the three nations looked set to seek ratification from their legislatures.

by | June 02, 2019 | 08:37

President Donald Trump's threat Thursday of escalating tariffs on all Mexican goods as long as immigration at the U.S. -Mexico border remains a problem sent shockwaves through both countries and on both sides of the congressional aisle. Trump has repeatedly accused Mexico of not doing enough to stop Central American migrants from traveling through the country on their way to the United States.

by | June 01, 2019 | 15:42

Uber was the biggest of a group of Silicon Valley startups that have gone public this year against the backdrop of a global stock market selloff sparked by renewed trade tensions between the USA and China. Over the same period, the firm saw significant growth from Uber Eats compared to the 1Q18. Shares began trading below their $45 IPO range and have hovered at around $40 in recent weeks.

by | June 01, 2019 | 15:28

Those items are under the new Dollar Tree Plus! label. - Dollar Tree announced it will start selling alcohol at approximately 1,000 of its Family Dollar stores throughout the U.S. At least 1,000 Family Dollar locations will be renovated to include expanded party goods, and certain Dollar Tree-branded merchandise. The move affects about 1,000 stores, according to USA Today .

by | June 01, 2019 | 14:43

Breaching a largely male bastion, India's new Finance Minister Nirmala Sitharaman on Friday became the first woman in 48 years since then prime minister Indira Gandhi to hold charge of the key ministry. Modi is expected to begin his second term by prioritising growth in an economy that isn't creating enough new jobs for the millions of young Indians entering the labour market each month.

by | June 01, 2019 | 14:40

Crude oil prices rally modestly The outlook for both benchmarkcrude oilcontracts has improved after news from the American Petroleum Institute (API) that U.S. Washington will sanction any country which buys oil from Iran after the expiration of waivers on May 2, U.S. Special Representative for Iran Brian Hook said on Thursday.