Finance

by | June 27, 2019 | 10:23

The Fed on Wednesday said it was ready to battle growing global and domestic economic risks with interest rate cuts beginning as early as next month. President Donald Trump is continuing efforts to pressure the US central bank system, saying the stock markets and economic growth would be much higher if not for its actions.

by | June 27, 2019 | 09:59

Amazon said it would include more than a million deals this year. First, make sure you're an Amazon Prime member-the massive sale is exclusive to Prime members. Across the globe, Prime members said that Prime Day deals offer strong value, with 62% of US and half of U.K. Prime members expecting Prime Day deals to live up to the hype.

by | June 27, 2019 | 09:59

Trade talks between the USA and China are now ongoing, and yesterday Bloomberg reported that the new tariffs could be suspended from going into effect if progress is made at the Group of 20 summit taking place in Osaka, Japan this weekend.

by | June 26, 2019 | 22:56

Investors were also holding their breath ahead of the G20 summit in Japan, where USA president Donald Trump was set to meet with his China counterpart Xi Jinping in a bid to hash out the countries' trade differences. Powell warned in a speech on Tuesday that "short-term political pressure" can damage the central bank's independence. In Japan, the Nikkei 225 was down 0.51% at 21,086.59, as the yen weakened 0.47% against the dollar to last trade at JPY 107.70.

by | June 26, 2019 | 20:15

Palladium slipped 0.1% to $1,534.05 per ounce after hitting its highest since March 26 at $1,551 earlier in the session. Gold is expected to continue its rise as large central banks favour a cut in interest rates to counter signs of a slowdown in several economies, Kishore Narne, head of commodity and currencies at Motilal Oswal Financial Services, said.

by | June 26, 2019 | 07:28

Sharing her chilling story on Air Canada's Facebook page , Adams recounted how she stretched out in an empty row to get some shuteye during the flight. "I said 'My friend is trapped on the airplane, in the dark, locked in and she just woke up". Dale said it was around 11:45 p.m when she received a message from O'Brien saying she woke up and was alone on the plane.

by | June 26, 2019 | 02:52

The Fed kept its benchmark interest rate unchanged last week and signaled a new openness to a cut in July. Powell also touched on the importance of Fed independence , opening his speech by mentioning "the damage that often arises when policy bends to short-term political interests".

by | June 25, 2019 | 23:17

The transaction is expected to complete in the first half of 2020 subject to approval from gaming regulators and from shareholders of both companies. "We are incredibly excited". The bankruptcy reorganization led to the creation of the real estate investment trust VICI Properties Inc. The combination of the two companies would create a serious competitor to larger casino industry players, such as Las Vegas Sands Corp, Wynn Resorts Ltd and MGM Resorts International.

by | June 25, 2019 | 16:13

According to Amazon, last year's Prime Day was its biggest day of sales since launch. Sure, the event is a massive money-making scheme for Amazon, and you may find yourself purchasing things you don't actually need if you're weak to the call of discounted goods.

by | June 25, 2019 | 10:40

Dr Murrison said the United Kingdom believes Iran "almost certainly bears responsibility for the attacks and he made clear United Kingdom concerns over activities in the region ". The eight commanders supervise the IRGC's "malicious regional activities" including ballistic missile programs, sabotage of commercial vessels in worldwide waters, and its "destabilizing presence in Syria", the department said.

by | June 25, 2019 | 02:29

Escalating tensions with Iran remind us of a concept known as the butterfly effect. President Trump on Monday signed an executive order to impose "hard-hitting" sanctions against Iran days after Tehran shot down a US spy drone over the Strait of Hormuz amid rising tensions between the two countries.

by | June 24, 2019 | 21:30

Huawei is preparing its 188,000 global employees for sustained clashes with US authorities. The incident comes as Chinese authorities investigate FedEx for misrouting packages sent by Huawei last month . It was worth a shot, FedEx, but Huawei, who according to Reuters , was already reexamining its relationship with FedEx after the earlier incident, so FedEx will likely have just soured its business relationship with the second largest electronics supplier in the world after Samsung ...

by | June 24, 2019 | 18:43

The Iranian-backed Houthis also claimed responsibility for bomb-laden drone strikes that targeted a key Saudi oil pipeline in recent weeks. Iranian lawmakers on Sunday chanted "death to America" during an open session when acting parliament speaker Masoud Pezeshkian condemned what he said was the violation of Iranian airspace by the US drone.

by | June 24, 2019 | 15:32

Meanwhile, Deputy Governor N Vishwanathan is likely to stay back for another term, even though his tenure is due to end in the first week of July, the news report said. This is the second high-profile exit from the Reserve Bank of India (RBI) in the last seven months. As an independent minded economist, Acharya had on several occasions courted controversy by criticising the government and the finance ministry and raising the question of central bank's autonomy.

by | June 23, 2019 | 21:29

The power run comes on the heels of the markets' worst May since 2010, as investors struggled to parse the risks from President Trump's multi-front trade conflicts. They spoke shortly after the New York Times reported that Trump had approved military strikes against Iran in retaliation for the downing of a USA surveillance drone but called off the attacks at the last minute.

by | June 23, 2019 | 18:57

Consumer Reports found that Peñafiel water and Starkey water contained almost double the federal limit of arsenic. "Bottled water companies must take the necessary steps to eliminate this toxic metal from their products, and retailers should stop selling them now".

by | June 23, 2019 | 15:56

Gold has gained momentum thanks to expectations of a rate cut by the Federal Reserve as soon as next month. The price of gold is now up almost 10% this year. Earlier this week, in a further boost for gold , the US Federal Reserve joined global peers such as the European Central Bank and the Bank of Japan with plans to cut interest rates to support flagging economic growth, hinting at cuts beginning as early as next month.

by | June 23, 2019 | 08:43

Barry, CEO of Tru Kids Brands and former global chief merchandising officer at Toys "R" Us, plans to open a minimum of two stores this year with more stores planned for 2020. The new stores will also be about half the size of the old chain. To reduce costs, the stores could use a consignment inventory model, where the company would be able to return items that aren't sold, Bloomberg reported.

by | June 22, 2019 | 23:00

According to a company filing, Slack has a user base of more than 10 million and cumulative weekly usage is more than one billion messages and 50 million hours. This year is on track to be the busiest for public listings in more than a decade. Recent enterprise software IPOs include Crowdstrike Holdings Inc and Zoom.

by | June 22, 2019 | 16:27

Of course, it can sometimes make sense to use Qantas points at short notice or during peak travel periods when pricing is at a premium. Points required for upgrades will also increase by up to 9 percent. Due to launch later this year, the Points Club will provide access to member-exclusive offers and discounts across Qantas as its partners. The initiative will include two tiers with entry based on a member passing an annual points-earned criteria.

by | June 21, 2019 | 17:42

Unlike the others, the company says, Libra's value will be tied to real money backed by banks and government securities in major currencies like the USA dollar, euro, yen and others. While Libra intends to solve some issues cryptocurrencies face, Powell said that Facebook's group, which include Visa, Mastercard, Paypal, and Uber , needs to address and overcome other issues before Libra can be made available worldwide.

by | June 21, 2019 | 13:27

Besides Malaysia, the Japanese financial daily reported sources as saying that the United States handphone maker is also considering relocating its plants to other South-east Asian countries like Indonesia and Vietnam, as well as India and Mexico.

by | June 21, 2019 | 04:08

Stockpiles slid more than double the median analyst estimate for a 1.25-million-barrel decline. Oil prices rose almost 2 percent on Thursday on signs of improving demand in the United States, the world's biggest crude consumer, and as OPEC and other producers finally agreed to a date for a meeting to discuss output cuts.

by | June 20, 2019 | 19:00

He returned to the fray as the Fed meeting got under way Tuesday, calling out the European Central Bank for weakening the euro by pledging policy stimulus. As the FOMC statement put it "uncertainties about this outlook have increased". From there, the Federal Reserve Act only allows the President to remove a Fed governor with "cause", usually covering things like legal misconduct.

by | June 20, 2019 | 15:57

Stock Connect is a ground-breaking initiative, which will deepen our global connectivity as we look outwards to new opportunities in Asia . From today, London investors will have the opportunity to trade Global Depositary Receipts in Huatai.