Finance

by | July 18, 2018 | 15:42

The House of Commons defeated the measure by a mere six votes, 307-301. MPs backed an amendment by 305 votes to 301 that would keep the United Kingdom in the European medicines regulatory network. "Bullish comments by Bank of England speakers will drive the GBP higher, only to be depressed once Brexit headlines hit", says Terence Wu, a treasury analyst with OCBC in Singapore reflecting the sense markets that until Brexit headlines improve, Sterling will ultimately struggle.

by | July 17, 2018 | 23:27

The diver called Musk's plan a " PR stunt " and stated his belief that the miniature submarine would have failed completely to make it through the tight, narrow bends in the underwater cave. Vernon Unsworth, 63, said he was "astonished and very angry" at the attack, for which Musk offered no evidence or basis. Musk said that he makes annual donations to Democratic and Republican candidates, and these donations ensure lawmakers remain "willing to listen when I call to object about issues ...

by | July 17, 2018 | 14:12

In total, Netflix said it had added 670 000 streaming customers in the United States, barely more than half its anticipated one point two million subscribers. "Now future projections are suspect and that decimates valuation", said Eric Schiffer, chief executive officer of private equity firm Patriarch. Netflix said it made a profit of $384m on revenue of $3.9 billion in the recent quarter, compared to net income of $66m on $2.8bn in revenue in the same period previous year.

by | July 16, 2018 | 16:23

Amazon Prime Day begins at noon on July 16 and for 36 hours there will be over 200 new launches and stunning offers. Subscribers of Amazon Prime are eligible for free two-day shipping on most purchases. CIRP estimates that U.S. Prime membership totals about 95 million. Amazon can bill the event as exclusive and catered to its Prime members while also offering trials and ensuring as many customers who want to shop can actually do so on the day.

by | July 16, 2018 | 12:53

Amazon Prime is a paid membership which entitles members to benefits such as free priority shipping with no minimum shopping value, exclusive deals from time to time, access to Amazon Prime Video and Prime Music, and a lot more. The smart speaker connects to Alexa - a cloud based voice service - to play music, make calls, check weather and news, set alarms, control smart home devices, and more.

by | July 16, 2018 | 12:46

China buys two-thirds of the world's soybean exports and, historically, more than half of US soybean shipments, worth $12.25 billion previous year. Farmers in Brazil, the world's biggest exporter, may boost production in response as China's purchases from the South American country rise, the USDA said.

by | July 16, 2018 | 07:01

Comcast expects to pay its advisers between £203 million and £243 million in total for their work on the Sky bid, the USA group estimated in its formal offer document for the British company yesterday. However, as reported by Deadline , the Takeover Panel in Britain has now ruled that if the Disney purchase of Fox goes though, they would have to pay £14.00 per share.

by | July 16, 2018 | 01:28

The Elon Musk story took a weird turn Sunday morning, as the world famous entrepreneur took to Twitter to suggest a critic of his submarine rescue plan is a pedophile. Rolling his eyes Mr Unsworth told CNN: "It just had absolutely no chance of working ". Musk was criticised by many, some of whom accused Musk of using his sizeable (22 million) Twitter following to incite ill will towards people, and others saying his comments were clearly libelous.

by | July 15, 2018 | 23:21

Tesla has hit a speed bump that will cut subsidies for customers buying its electric vehicles in the U.S., after Elon Musk's carmaker hit a milestone of 200,000 sales. By hitting the cap on or after July 1, Tesla would have one additional quarter with full tax credits that could be worth a combined more than $400 million to Tesla buyers, Bloomberg has estimated .

by | July 15, 2018 | 22:19

Secretary of Commerce Wilbur Ross announced that ZTE has placed $400 million in escrow at a US bank. A group of lawmakers in the U.S are now pushing for a legislation that wants to restore much harsher penalties concerning these "serious threats to U.S national security".

by | July 15, 2018 | 20:59

The Missouri Department of Health and Senior Services says seven cyclospora infections have been reported that appear to be connected to McDonald's salads. In a statement , McDonald's said they are in the process of removing the affected lettuce blend from approximately 3,000 of their US restaurants. McDonald's added that they are "committed to the highest standards of food safety" and are "closely monitoring this situation".

by | July 15, 2018 | 20:20

It read: "Ryanair pilot union talks conclude without agreement". Ryanair, which flies in 37 countries and carried 130 million passengers past year, is Europe's largest airline by passenger numbers, according to the International Air Transport Association.

by | July 15, 2018 | 14:19

Customers who show up to the stores can pay their current age for the popular stuffed animals. Officials say the offer is only available Friday at participating Chuck E. "It's very important for us to make sure that people understand "pay your age" continues for the birthday treat bear, that we provided the $15 voucher".

by | July 15, 2018 | 07:37

The retailer said select departments will offer 25% discounts with the promo code JULY and there will be more items available for free shipping with no minimum order requirement. "The mystique of Prime Day may add some allure, but the lack of definition certainly curtails some of the opportunity for consumers to have planned purchases".

by | July 15, 2018 | 07:34

IDPH says a fourth of the people affected in the state said they ate a McDonald's salad in the days before becoming sick. The fast food giant is cooperating with investigations, both health departments reported. The Centers for Disease Control and Prevention says it's found 61 cases of cyclosporiasis among people located in Iowa, Illinois, Minnesota, Missouri, Nebraska, South Dakota and Wisconsin who had eaten salads at McDonald's.

by | July 15, 2018 | 07:19

When that wrapped up in the beginning of May, the DOJ proposed solutions to ensure the merger wouldn't fall afoul of anti-competitive law: Either get rid of DirecTV or Turner (which contains TNT, TBS and CNN ). The company said the increase was meant to bring rates in line with the market. A spokesman for the Antitrust Division said that they had no comment.

by | July 14, 2018 | 21:32

Build-A-Bear caused mall madness around the globe Thursday during their "Pay Your Age" promotion. Build-A-Bear, which is headquartered in St. Louis, has some 400 stores worldwide. You're required to enroll in the Build-A-Bear Bonus Club rewards program in order to claim the deal, according to a press release . "We strongly encourage guests to consider delaying their trip to Build-A-Bear".

by | July 14, 2018 | 17:57

The United States and China could reopen talks on trade but only if Beijing is willing to make significant changes, U.S. Treasury Secretary Steven Mnuchin said on Thursday. Imports grew 14.1 percent in June, customs said, missing analysts' forecast of a 20.8 percent growth, and compared with a 26 percent rise in May. In a sign Beijing is seeking alternative supplies of the commodities as it hit U.S.

by | July 13, 2018 | 10:08

Woolworths said it regards food safety as "of critical importance". The nine products that have been recalled over listeria concerns. Frozen Savoury Rice Mix was removed as part of the worldwide recall by the Hungarian Food Safety Agency as a precaution, Woolworths said in a statement on Monday.

by | July 12, 2018 | 20:44

Just a day after reports surfaced that Donald Trump and retiring Supreme Court Justice Anthony Kennedy made a secret deal to secure Kennedy's retirement by picking former Kennedy law clerk Brett Kavanaugh to take the vacant seat on the court, as the Inquisitr reported , Kavanaugh's financial disclosure forms revealed that the prospective high court justice ran up somewhere between $60,000 and $200,000 in credit card debt as well as a bank loan by the end of 2016 - debt that took ...

by | July 12, 2018 | 16:42

A trade war "is a little bit like two kids who go underwater to test who can hold their breath the longest", The Atlantic's Derek Thompson told CBS. As the threats in the trade dispute have increased, so too have signals from Beijing that it means to follow through on reforms. When Trump first threatened last month to target another $200 billion of Chinese products, Beijing said it would be "forced to strike back hard, and launch comprehensive measures that match the U.S.

by | July 12, 2018 | 12:54

In a statement Comcast, a $155 billion U.S. cable television giant, said that its latest offer represented a premium of approximately 5.4 per cent to the 21st Century Fox offer, "implying a value of approximately..." The agreed price represents an 82 percent premium to Sky's shares in December 2016, before it struck its original deal to buy Sky, and a multiple of 21 times 2017 earnings per share.

by | July 12, 2018 | 03:28

Trump - have begun agitating for the President to ease up in his trade war . The prospect of an worldwide trade war has sent jitters through world markets. But Trump hasn't backed down, arguing that China's unfair trading practices are hurting American workers. The additional USA tariffs, which will go through a two-month approval process including a public hearing, come after China retaliated in a tit-for-tat trade skirmish last week.

by | July 11, 2018 | 15:55

Iranian Petroleum Ministry announced Sunday that there has been no major change in Iran's production and export of crude oil despite US sanction threats. Trump again accused the Organization of the Petroleum Exporting Countries of driving fuel prices higher on Wednesday, and urged US allies such as Saudi Arabia to pump more if they wanted Washington to continue protecting them against Iran.

by | July 11, 2018 | 05:13

In a statement USA trade representative Robert Lighthizer said these new additional tariffs are a result of " China's retaliation and failure to change its practices" after the first round of tariffs. "Rather than address our legitimate concerns, China has begun to retaliate against United States products". The list of goods targeted by the tariffs has not been made public or approved yet, but the official cited by CNBC said that parts of it target the country's "Made in China 2025" ...