Finance

by | October 16, 2018 | 08:32

It is not the Fed's job to support the stock market. White House economic adviser Larry Kudlow on Thursday said Trump's opinions had no weight on the Fed's actions. "The Fed has a dual mandate, but one of its unspoken roles is to be the scapegoat", McCarthy said. "The Fed is going wild", Trump told Fox News on Wednesday night.

by | October 16, 2018 | 07:17

Turkish officials believe Mr Khashoggi was murdered in the consulate by Saudi agents almost two weeks ago, but Riyadh strongly denies this. Speaking on Monday, Donald Trump said the Saudi leader King Salman denied "any knowledge of whatever may have happened" during a phone call.

by | October 16, 2018 | 03:43

The Saudi Arabian government is preparing to a release a report claiming Saudi journalist Jamal Khashoggi was killed as a result of a botched interrogation, CNN reports . Turkish officials say they fear Saudi agents killed Khashoggi after he entered the Saudi Consulate in Istanbul on October 2. The kingdom, which said it "plays an effective and vital role in the world economy", warned that it would retaliate if any action is taken against it.

by | October 15, 2018 | 21:23

The real estate investment trusts that own the malls and shopping centers where many Sears stores are anchor tenants have waited years for the retailer's demise to renovate the sites and boost rent, although redevelopment costs may strain some plans.

by | October 15, 2018 | 18:27

Sears Holdings , which owns Sears and Kmart chains, is expected to file for federal bankruptcy in NY early this morning, October 15. "I don't understand the point of Sears, I just buy everything online", said 23-year-old Lyft driver Shannon Dickey as we pull up to the abandoned storefront of Sears that sits at the top of Ross Park Mall, nine miles north of downtown Pittsburgh "I think their old catalogs are cool, but I just don't understand the point of Sears".

by | October 15, 2018 | 08:11

USA crude futures rose 37 cents to US$71.34 a barrel. The amount available will nearly certainly be tested in the coming months as USA sanctions take effect on Iran , which has already seen supplies fall to the lowest in more than two years, according to the report.

by | October 15, 2018 | 01:56

It also warned that "the kingdom's economy has an influential and vital role in the global economy". Khashoggi, who moved to the U.S. in 2017 and worked as a columnist for The Washington Post , disappeared in Turkey on October 2 when he reportedly entered the building of Saudi Arabia's Consulate in the city of Istanbul .

by | October 14, 2018 | 19:39

The contract dropped 3.4 percent on Thursday following sharp falls in equity markets and indications that supply concerns have been overblown. OPEC has been under the hit list from the USA for declining the increased outcome to answer rising oil prices.

by | October 14, 2018 | 19:03

Those winning tickets were sold in California, Colorado, Pennsylvania and Wisconsin. The lump sum payout will be at least $309 million, Mega Millions said. The drawing on Tuesday would have granted the victor the sixth-largest Mega Millions jackpot in history. They agreed to split the winnings and continue working.

by | October 14, 2018 | 17:41

Singapore Airlines is the first airline in the world to operate the Airbus' A350-900ULR plane. To make the almost 19-hour flight bearable, Singapore Airlines has opted for a cabin configuration with 94 premium economy seats and 67 business class seats.

by | October 14, 2018 | 16:58

Turkish officials have said they believe he was murdered there. "Yes", Trump said in the interview, which was conducted on Thursday. Mr Trump, who has previously referred to journalists as "enemies of the people", said it was "really awful and disgusting" that a journalist had been targeted.

by | October 14, 2018 | 13:15

The President said that Cengiz wrote "a lovely letter" to him and first lady Melania Trump and that they would welcome her. Interior Minister Prince Abdel Aziz bin Saud bin Nayef slammed claims that the kingdom ordered Khashoggi to be killed inside the consulate as "baseless allegations and lies ".

by | October 13, 2018 | 23:33

Fed named Powell to lead the central bank but can only fire him for cause. Call it the Powell doctrine. From its beginning, the Fed was created to insulate it from political pressures. Trump has slapped tariffs on $250 billion in Chinese goods this year, and Beijing has retaliated with levies $110 billion of American products. The courts ruled decades ago in a case involving a member of the Federal Trade Commission that "for cause" meant more than a policy disagreement with the president .

by | October 13, 2018 | 19:26

It is meant to create more oversight of Mr Musk, who provoked the charges when he claimed on Twitter that he had secured funding and might take the firm private. He was one of two new members the firm appointed previous year after criticism that the board - which includes Mr Musk's brother and a close business partner - needed to show more independence.

by | October 13, 2018 | 12:25

The feature allows users to see what their profile looks like to someone else, but hackers were able to use it to steal Facebook access tokens and take over people's accounts. Regulators around the world have launched inquiries into another matter: How profile details from 87 million Facebook users were improperly accessed by political data firm Cambridge Analytica .

by | October 13, 2018 | 12:03

The airline has already ordered seven new ultra-long range twin-engine Airbus SE AIR.PA A350-900ULRs fitted with just 161 business class and premium economy seats - and no economy class seats - for the US capacity increase. It also has a high ceiling and large windows. This trip was made with the new, more fuel efficient Airbus A350-900ULR, which consumes 25 percent less fuel than its predecessor.

by | October 12, 2018 | 22:55

The Shanghai Composite index advanced 0.9 per cent to 2,606.91. Concerns have been raised that China, the largest foreign holder of U.S. Treasurys, might start dumping its holdings as a way to pressure the United States in the trade dispute.

by | October 12, 2018 | 17:11

Brunson's return home. "We continue to believe Pastor Brunson is innocent, and the hearing on Friday is another opportunity for the Turkish judicial system to free an American citizen", a senior administration official said . The Thursday comments come a day after US Secretary of State Mike Pompeo said he was hopeful that Turkey would release the pastor soon, ending a two-year detention that has shaken relations between the one-time allies.

by | October 12, 2018 | 17:00

While acknowledging that higher rates helped savers, he criticised the Federal Reserve's moves. And Kudlow said the Fed was managing "the transition from ultra, ultra easy money.to something more normal", by raising rates gradually. Consumer price changes are near the Fed's 2 percent target but show no signs of moving higher. Under President Trump, the Dow was up 33% as of last week.

by | October 12, 2018 | 15:35

In the latest report , Taiwan's major trade partner South Korea is projected to grow 2.8% and 2.6% for 2018 and 2019, respectively, downward revisions by 0.2 and 0.3 percentage points from previous forecasts. And it stressed "cooperative solutions" to help boost continued growth in trade "remain essential to preserve and extend the global expansion". Equally, Angola is at the moment contracting by about 0.1 per cent this year, with a projection of almost four per cent in 2019.

by | October 12, 2018 | 10:58

While London wants to regulate that by a future trade deal with the European Union, the bloc insists on an emergency fix in case negotiating new relations takes longer, or fails. 'An terrible lot depends on the talks in the coming days'. Another summit in November is planned to close the deal. Citing figures to make its case, the report noted that the EU (together with the European Free Trade Association) accounted for 43% of Britain's services exports in 2016, worth around than £110 billion ...

by | October 12, 2018 | 02:52

Treasury bonds, which is fueling fears of even higher interest rates. Technology and internet-based companies are known for their high profit margins, and many have reported explosive growth in recent years, with corresponding gains in their stock prices.

by | October 11, 2018 | 17:58

President Donald Trump said he believes "the Fed has gone crazy " amid recent interest rate hikes. But he's also calling the drop "a correction we've been waiting for for a long time". Trump has slapped tariffs on $250 billion in Chinese goods this year, and Beijing has retaliated with levies $110 billion of American products. The central bank's preferred measure of inflation is roughly at policy makers' 2 percent objective, and Powell said last week that "the outlook of forecasters ...

by | October 11, 2018 | 15:36

The title of its Financial Stability Report is meant to provoke - "A Decade After the Global Financial Crisis: Are We Safer?" - yet the Fund fails to answer its own question. Over 15,000 delegates from 189 countries are now gathered at Bali, Indonesia for IMF/WB Group Annual meetings from 10-14 October 2018. "China's non-financial corporate sector leverage has been rising and is now well above global historical benchmarks", the report noted.

by | October 11, 2018 | 01:07

The surge in PetroChina has temporarily held in check a sell-off that sent the Shanghai Composite down by 3.7 per cent on Monday for its biggest loss in nearly four months. Shenzhen-listed shares of ZTE was down over 8 per cent at close. On Wall Street, the Dow Jones Industrial Average fell 0.68 percent and the S&P 500 lost 0.55 percent, while the Nasdaq Composite dropped 1.16 percent - its first weekly percentage decline since March.