Markets

by | July 21, 2019 | 01:37

Sterling rose on Thursday touching highs of 1.2495 after United Kingdom lawmakers approved an amendment that would make it harder for the next Prime Minister to suspend parliament in order to force through Brexit on the 31st of October. The bond markets' sudden warning to the Fed though - that interest rates are too high - doesn't necessarily mean that policymakers acted too quickly in raising rates at the end of 2018.

by | July 19, 2019 | 00:18

The EU will halt high-level dialogue with Turkey , suspend talks over an aviation agreement and cut 145.8 million euros ($164 million) in pre-accession financial funds allocated for 2020. According to the Anadolu agency, Cavusoglu said that European Union sanctions should not be taken seriously, because those methods can not be used against this nation.

by | July 18, 2019 | 01:30

Gulf of Mexico was shut-in as of Sunday in response to the tropical storm Barry ", according to OilPrice. USA crude fell 39 cents per barrel to trade at $57.24 a barrel by 11:09 a.m. The Atlantic hurricane season threatened offshore oil production and began soaking Louisiana with heavy rains, leading to 15 production platforms and four rigs being evacuated in the Gulf of Mexico.

by | July 17, 2019 | 01:07

Transport Minister Marc Garneau said he was "surprised" and "disappointed" by legal action from Canadian airlines to quash new rules to beef up compensation for passengers subjected to delayed flights and damaged luggage. Passenger rights advocates say the rules do not go far enough, arguing the CTA's criteria for monetary compensation exempt situations that are defined as "outside of the airline's control".

by | July 17, 2019 | 01:00

That said, this reported fine is a mosquito bite to a corporation the size of Facebook . Notably, the $5 billion FTC fine is intended as punishment for the mishandling of user data , and presumably wasn't meant to increase the wealth of Facebook's primary shareholder.

by | July 16, 2019 | 15:37

The world's second-largest economy grew 6.2 percent over a year ago, down from the previous quarter's 6.4 percent, government data showed Monday . The Chinese yuan is struggling to find direction to kick off the trading week after economic growth slowed to its lowest level in almost three decades.

by | July 15, 2019 | 01:09

The remarks bolstered market expectations for imminent rate cuts from the USA central bank. Powell's comments in a second day of testimony on Capitol Hill suggest the Fed is more comfortable keeping short-term interest rates low and suggests that Fed policymakers may cut rates at its meeting later this month.

by | July 13, 2019 | 01:57

Inouye International Airport around 6:45 a.m. Hawaii time (12:45 p.m. EDT), the airport duty manager said. "Current information indicates there are approximately 35 people who appear to have sustained minor injuries", she said. "As I sort of woke up the plane dropped out of nowhere and I was plunged from the seat, hitting the roof". Brisbane resident Alex Macdonald told Canadian broadcaster CBC News that passengers were "extremely shocked".

by | July 13, 2019 | 01:55

An earlier caption mistakenly said Rep. Alexandria Ocasio-Cortez, a New York Democrat, is a Republican. Here was Clay, speaking forcefully on Chakrabarti's since-deleted Tweet: "It shows you how ignorant and little history he knows, how ignorant he is to American history".

by | July 12, 2019 | 01:07

President Donald Trump has repeatedly attacked the Fed for raising rates four times a year ago and has called for a full percentage point cut . Lurking in the background, U.S. Mr Powell, in written testimony ahead of his appearance at the House of Representatives Financial Services Committee, said he expected continued USA growth.

by | July 11, 2019 | 01:35

In prepared testimony ahead of a House hearing, Powell highlighted continued uncertainty about trade as a drag on USA growth, amplifying his message from recent appearances that have been widely seen by investors as opening the door to an interest rate cut.

by | July 10, 2019 | 01:26

Amazon Prime Day 2019 begins on Monday at 2:59 a.m. We'll keep you updated on the best Lightning Deals via GameSpot Deals on Twitter, so be sure to give that a follow and check back often during Prime Day . Don't wait for the big day or you'll miss the deals. Central time. The sale will run for a full 48 hours , ending at the same time on Wednesday morning.

by | July 10, 2019 | 01:24

Virgin Galactic's fleet built by The Spaceship Company. Virgin Galactic will merge with Social Capital Hedosophia (SCH), a company formed by venture capital firms Social Capital and Hedosophia. It'll fund the business as it races Jeff Bezos' Blue Origin and Elon Musk's SpaceX to operate commercially and make a profit. Branson is thought to have already invested more than $1 billion in the project since 2004, while a similar proposed Saudi investment was suspended past year following ...

by | July 08, 2019 | 02:11

Economists surveyed by Bloomberg expected 160,000 job gains. But the pace of job growth this year has slowed from 2018, when employers added an average of 223,000 jobs per month. But the headline of estimate-beating payroll additions may not mean much to a Fed that has already said it feels comfortable with the tightness of the labor market.

by | July 08, 2019 | 01:10

A critic of high rates, Mr Erdogan has repeatedly blamed the central bank for high levels of inflation, which soared. The decision comes days after Turkey's real rate soared to a world topping 8.3% as inflation slowed more than expected, giving policy makers room to start an easing cycle.

by | July 07, 2019 | 02:30

The jobs data came as investors are pricing high on possible immediate interest rate cut moves by the USA central bank in order to spur growth. Most economists had expected about 160,000 jobs to be created. "On the surface, the data, in my opinion, doesn't really support an imminent cut, but markets are expecting it, and I do think there's a risk at this stage that they disappoint".

by | July 06, 2019 | 00:48

Finance Minister Nirmala Sitharaman , presenting the annual budget statement to parliament, said the government planned structural reforms to kickstart foreign and domestic investment. Land and labour reforms are hard in a democracy like India and it seems unlikely Modi will risk drawing the ire of his Bharatiya Janata Party voters that re-elected him with a huge mandate.

by | July 04, 2019 | 01:37

He pitched viewers on the quality of American-made vehicles at a time when the Big Three automakers were struggling in the face of intense competition from lower cost, fuel efficient options from Japan and European automakers. Gutierrez with FCA, the two-story Pentastar window atop the Chrysler headquarters will be lit in tribute to Iacocca . He was well-known for appearing in television advertisements where he would point at the viewer and say: "If you find a better auto, buy it!" ...

by | July 02, 2019 | 01:17

White House economic adviser Larry Kudlow said Sunday resumption of trade talks between the USA and China "is a very big deal", but acknowledged there is no immediate prospect for an agreement between the world's two largest economies.

by | July 02, 2019 | 01:13

The United States has overtaken Saudi Arabia and Russian Federation to become the world's biggest oil producer, thanks in large part to a boom in the Permian Basin in West Texas. Likewise, the Venezuelan Oil Ministry in a press release informed that Quevedo prior to the Meeting exchanged with Saudi Energy Minister Khalid Al Falih , his Algerian counterpart, Mohamed Arkab, and with OPEC Secretary Mohammed Barkindo.

by | June 28, 2019 | 02:37

The promotion lasts through July 31. According to WTVT , to qualify, a buyer must be 18 or older, have valid ID and pass all background checks associated with owning a firearm in Alabama . "It's not like we're just walking around and handing out guns ", Palmer said. Palmer noted the promo was "just showing support for our local community".

by | June 28, 2019 | 01:15

Prime Minister Narendra Modi arrived in Japan on Thursday for the G20 Summit during which he will meet United States president Donald Trump , French president Emmanuel Macron and his Japanese counterpart Shinzo Abe for the first time after his re-election.

by | June 26, 2019 | 02:25

The measures target Iranian Supreme Leader Ayatollah Ali Khamenei and other top Iranian officials. "Imposing useless sanctions on Iran's Supreme Leader ( Ayatollah Ali Khamenei ) and the commander of Iran's diplomacy (Foreign Minister Mohammad Javad Zarif ) is the permanent closure of the path of diplomacy ", Foreign Ministry spokesman Abbas Mousavi said in a tweet .

by | June 26, 2019 | 01:49

FedEx on Monday said it has filed a lawsuit in US District Court seeking to stop the Department of Commerce from enforcing new export prohibitions contained against the package delivery company. This development means the trade war between the USA and China has now assumed a new dimension; and could adversely worsen the situation Huawei found itself since the trade embargo was announced by the USA government.

by | June 25, 2019 | 01:27

Sources said U.S. Cyber Command launched the cyberattack targeting the Iranian intelligence and radar installations used to down the U.S. Navy drone last week. Iranian foreign minister Mohammed Javad Zarif agreed with Trump on Monday , saying the "US military has no business" in the Gulf. "What the Iranians are doing by shooting down American drones , shooting at other drones in the region not even necessarily over the Gulf, anywhere, is to prevent us from having eyes on them", the ...