Business

by | November 14, 2018 | 06:32

Saudi Arabia will reduce oil supply next month in response to lower demand, and more cuts could follow next year. But the United States president undercut that headline quickly, sending crude prices plunging with a Tweet, expressing the hope that Saudi Arabia will not cut output.

by | November 07, 2018 | 11:11

The New York Times earlier reported that Amazon was near a deal to pick Long Island City , and the Wall Street Journal earlier reported that Amazon will choose two locations after deciding that one location lacked sufficient technology talent.

by | October 31, 2018 | 14:32

Finance Minister Arun Jaitley , meanwhile, has blamed the RBI's inability in identifying the problem of NPAs in Indian banks and lack of timely measures for the current crisis-like situation in the banking sector. "Government of India has never made public the subject matter of those consultations". These letters were on the government's desire for power sector non-performing assets to be reclassified, the issue of the RBI giving dividends to the Centre, and the government's desire for the ...

by | October 26, 2018 | 09:24

Saudi Arabia initially denied any part in the murder , but backtracked following an worldwide outcry over the crisis and blamed "rogue agents" for his death. How world leaders treat Riyadh going forward appears to hinge on the extent to which they believe the Saudi version of events and how much responsibility sits with the country's powerful crown prince, Mohammed bin Salman .

by | October 21, 2018 | 02:10

In the Treasuries market, the 10-year yield was little changed after earlier rising to a one-week high as the equities sell-off offset worries about the number of upcoming interest rate increases from the Fed. Bullard is not now a voting member of the Fed's rate-setting committee, but he will join that group in 2019. The Fed has always been seen as needing to remain free of political pressure to properly manage rates, and presidents have generally respected that independence, especially ...

by | October 19, 2018 | 17:30

Stephen Colbert kicked off Thursday's Late Show with a family-friendly joke about Special Counsel Robert Mueller's reported post-election report on President Trump and Russian Federation, and Sting's tantric. Khashoggi vanished on October 2 after entering the Saudi Consulate in Istanbul . In related developments, senior government officials from the United States, France, Britain and the Netherlands withdrew from an investment conference in Saudi Arabia amid questions over the ...

by | October 18, 2018 | 06:31

Late in the day, there were published reports that the Saudis were preparing to concede that Khashoggi, a US -based Saudi contributor to The Washington Post , had been killed in an interrogation gone wrong. It is estimated that at present the Saudi share in Uber - through its direct investment and the SoftBank stake - is around 14 percent. While Trump commented at the White House, Turkish crime scene investigators finally entered the Saudi consulate to comb the building where Khashoggi ...

by | October 15, 2018 | 02:19

It is also one of the top ten largest jackpots in US history. There was a $3 million winning ticket sold in Arkansas. "It's a chance. You can't win unless you play", said Jamiu Kolawole after he received his free ticket. Tickets are sold at retail outlets or online , and cut-off 59 minutes before the drawing. The winning numbers for Saturday night were 11, 14, 32, 43 and 65, with a Powerball number of 15, according to the official Powerball website .

by | October 05, 2018 | 14:13

Five of the six panel members voted to leave the rate unchanged. "The RBI policy announcement of keeping rates unchanged is a surprise", said Abhimanyu Sofat, head of research, at brokerage firm IIFL Securities Ltd, adding that if crude prices continue to surge then RBI may have to may have to frontload rate hikes.

by | October 02, 2018 | 21:54

But several experienced litigators also said that, while the Justice Department inquiry is separate, the SEC's settlement might mark the end of official action against Tesla and Musk. After falling 14 percent on Friday, the stock rose 17 percent today, leaving the closely watched price at $310.70 at the close. Musk has pledged that Tesla would record profits and positive free cash flow in the third and fourth quarters this year.

by | October 01, 2018 | 18:10

The appointment of two new Board members, as well as the creation of a committee tasked with "placing additional controls and procedures to oversee" Musk's communications, were warmly received by the Tesla community as well. Tesla had come under criticism for years prior to Musk's take-private episode for lax governance, though shareholders sided with the board in June by voting against an independent chairman proposal and approving the re-election of three directors.

by | September 26, 2018 | 19:14

Facebook bought Instagram in 2012, just before going public, at a price that seemed inconceivable at the time - $ 1 billion - especially for a little-known startup with no profit. Analyst Anmuth estimates Instagram will haul in $7.5 billion in revenue this year, more than double from a year ago-and roughly 14% of Facebook's ad revenue in 2018.

by | September 18, 2018 | 11:12

He also warned that if China retaliated then the USA would "immediately pursue phase three" which would mean imposing further tariffs with taxes on another $267bn worth of Chinese products. inflation has continued to rise steadily albeit modestly, firms across the country report lost businesses, layoffs and possible bankruptcies as input costs rise and exports fall.

by | September 10, 2018 | 13:03

Customers who bought tickets from British Airways in the past few weeks may have had their personal information stolen, the airline said on Thursday. The breach has been resolved and the British Airways website is working normally, IAG said.

by | September 08, 2018 | 19:13

Ma told The New York Times that he plans to step down from the company on Monday - his 54th birthday - referring to his departure as " the beginning of an era " rather than an end. Ma's Bloomberg interview came as shares of China's second-largest e-commerce company, JD.com, plummeted as its CEO Li Qiangdong was arrested in the United States over an accusation of rape.

by | September 03, 2018 | 21:28

Xi said China would set up a China-Africa peace and security fund and that a total of 50 "security assistance" programs will be carried out, such as United Nations peacekeeping missions, fighting piracy and combating terrorism. South African President Cyril Ramaphosa also rebuffed suggestions that China is taking advantage of the continent. At the turn of the Millennium, on the proposal of African countries, a ministerial meeting of FOCAC was held in Beijing .

by | August 29, 2018 | 01:33

Details of gains and concessions in the deal were only starting to emerge on Monday. But Trump again denounced Canadian dairy import quotas and tariffs and threatened levies on Canadian cars unless the dairy system is dismantled. "It is our wish, Mr. President, that now Canada will also be able to be incorporated in all this", he said on the phone. Michael Kergin, Canada's former ambassador to the United States, who said a lot of what has been agreed between the us and Mexico is in ...

by | August 28, 2018 | 13:39

The US and Mexico are keen to seal a new deal before Mexican President Enrique Pena Nieto hands over power to Lopez Obrador on December 1, and for that to happen, the US Congress must be notified 90 days in advance. Guajardo said he could not declare victory yet. Lighthizer and Jared Kushner, Trump's son-in-law and adviser, declined to comment on Sunday afternoon.

by | August 26, 2018 | 20:53

The actual report was a build rather than a draw due to higher than normal crude oil inputs to the refineries. Brent crude oil futures were at $74.93 per barrel at 0245 GMT, up 20 cents, or 0.3 per cent, from their last close. Today, three months before the November deadline when the sanctions are due to take effect, Iran's outflow has already fallen by around 430,000 barrels and the nation has to rely more on its own fleet of tankers to carry oil to its customers, clearly showing ...

by | August 19, 2018 | 21:14

He said he has asked the US Securities and Exchange Commission to investigate making such a change. Abolishing the rule would "allow greater flexibility & save money" for businesses, Mr. It's unclear whether management at companies that report semi-annually take a longer-term investment strategy than management at companies reporting quarterly, said Salman Arif, a business professor at Indiana University who has studied the difference in reporting periods.