Finance

by | September 28, 2018 | 07:23

USA officials, including President Donald Trump, are trying to reassure consumers and investors that enough supply will remain in the oil market and have pushed OPEC to raise output. On September 20, Trump tweeted: "We protect the countries of the Middle East, they would not be safe for very long without us, and yet they continue to push for higher and higher oil prices!" OPEC and non-OPEC including Russia, Oman and Kazakhstan, met at the weekend to discuss a possible increase in crude output.

by | September 27, 2018 | 22:59

The Fed cut interest rates to near zero during the 2008 financial crisis to help stimulate the economy. The Fed once again said "further gradual increases" would allow continued expansion of the economy while keeping inflation around the Fed's two percent target.

by | September 27, 2018 | 21:23

Trump said he was very unhappy with "the negotiations and negotiating style of Canada", and that he turned down a recent one-on-one with Trudeau because Canadian tariffs are too high. The deal with Mexico left open the question of whether Canada, the third country in NAFTA, would agree to the changes. It's also not certain whether Trump's bilateral deal with Mexico will be approved, given Congress had authorized fast-tracked negotiations for a trilateral - not bilateral - trade deal.

by | September 27, 2018 | 11:13

Trump went on to say that the U.S. will be taxing cars coming in from Canada because the U.S. is "very unhappy" with the current NAFTA negotiations. "There are things where, basically, we're just not prepared to give in because it would really render the agreement meaningless", MacNaughton said in a public interview with Politico in Toronto.

by | September 26, 2018 | 19:53

But according to the newspaper, the kingdom's state-run oil giant Saudi Arabian Oil Co., known as Aramco, doesn't have the capacity to meet future demand if Iran is no longer delivering oil. The U.S. benchmark, West Texas Intermediate, has risen by 17% since the start of the year, reaching more than $75/bbl. In August, OPEC and its allies cut production by 600,000 bpd more than their pact required, mainly as a result of falling output in Iran as customers in Europe and Asia reduced ...

by | September 26, 2018 | 18:48

As for the value of his brand, Michael Kors is said to have brought in $839.1 million in 2016. Versace will continue to be led by ceo Jonathan Akeroyd. Budding conglomerates like Michael Kors have been trying to make in-roads into an industry dominated by European players such as Louis Vuitton-owner LVMH ( LVMH.PA ) and Kering ( PRTP.PA ).

by | September 26, 2018 | 17:22

Asked about the laughter, Trump said: "Oh, it was great". He insisted his focus on American "sovereignty" has paid off, helping to foster both peace and prosperity. Trump withdrew from the nuclear deal in May to the dismay of European allies, Russian Federation and China which had invested years in negotiations to achieve a milestone agreement on keeping Iran's nuclear ambitions in check.

by | September 25, 2018 | 17:45

As recently as September 12th, in the face of multiple ongoing legal actions and a damning assessment of its marketing and potential value by the Bloomberg-backed Satis Group report , XRP was struggling to keep above the $0.25 mark. "But I think we are done with a majority of the collapse", Voorhees said. What's more, the fundamental difference between xRapid and xCurrent could have a bearing on the price of XRP .

by | September 25, 2018 | 16:40

Randgold's London listing will be cancelled. In a research note, Mr Hodgson pointed out that Barrick's own production had fallen in recent years and that combined the firms would be "over leveraged" - a technical term for having heavy debts.

by | September 25, 2018 | 13:05

So far it is the only case of such tampering reported from New Zealand , whereas Australia has seen more than 100 alleged cases of needles found in strawberries, bananas and apples. Countdown , which owns 181 supermarkets across New Zealand , has urged shoppers to cut up any strawberries already purchased. The find comes after a massive recall across the Tasman, where the product was pulled from the shelves of a number of supermarkets after the discovery of strawberries spiked with needles ...

by | September 25, 2018 | 10:42

We're now ready for our next chapter. "Building new things requires that we step back, understand what inspires us and match that with what the world needs; that's what we plan to do", Systrom said. "I'm looking forward to seeing what they build next". Since then, the service has grown to more than 1 billion users and has of course added plenty of advertisements.

by | September 25, 2018 | 10:38

It leaves Beijing hitting $110 billion worth of U.S. goods, almost everything China buys from the United States. China has promised to respond with tariffs on $60 billion worth of U.S. "This proposal comes amid intensifying US-China strategic competition and the escalating trade war". Rivals and allies, including India , China, Russia , Japan, Turkey and the European Union, have all dismissed that claim, regarding the United States tariffs as "safeguards" under the WTO rules, entitling ...

by | September 25, 2018 | 07:24

Yet the cartel and its allies gave mixed signals at a meeting in Algiers on Sunday, ultimately showing little sign they would heed USA demands to rapidly push down crude prices. OPEC put Iran's current production at 3.58 million bpd, down some 300,000 bpd from the start of the year, according to OPEC's secondary sources such as researchers and ship-trackers.

by | September 25, 2018 | 04:12

Italian newspaper Corriere della Sera reported earlier that Versace could be sold this week for about US$2b, with several groups interested including Kors and Tiffany & Co. The deal with Michael Kors would come after the rumoured retreat of Kering, the French fashion giant which owns luxury brands like Gucci, Yves Saint Laurent and Alexander McQueen.

by | September 24, 2018 | 20:55

Benchmark Brent oil reached $80 a barrel this month, prompting Trump to reiterate on Thursday his demand that the Organization of the Petroleum Exporting Countries lower prices. JP Morgan expects the sanctions could lead to a loss of 1.5 million bpd, while Mercuria warned that as much as 2 million bpd could be knocked out of the market.

by | September 24, 2018 | 16:14

The U.S. group has had its sights set on Sky (SKYB.L), Europe's biggest pay-TV company, ever since Walt Disney Co (DIS.N) beat it to most of Murdoch's Twenty-First Century Fox (FOXA.O) assets in July. Sky also gives Comcast an immediate beachhead in online video streaming with its Now TV business, which has about 2 million customers. Comcast estimates that owning Sky will create $500 million in synergies, partly through selling Sky content in the USA and NBC programming in Europe.

by | September 24, 2018 | 09:25

In a later interview on ABC News, Milne said the board had been "looking at the question of Michelle's ongoing employment for the last couple of months". "We appreciate that a change in leadership creates uncertainty, however, we are firmly of the view that this decision is in the best interests of the organisation." "What on earth is the government's explanation for Michelle Guthrie's apparent sacking as head of the ABC ".

by | September 23, 2018 | 23:15

New South Wales Police say that the boy's actions "may be a prank ". This has even caused a number of Australian strawberry brands to remove their products from local supermarkets, according to BBC News . During a press briefing on Wednesday, NSW police Acting Assistant Commissioner Stuart Smith told reporters that the young boy said he put the needles in the berries as a " prank ".

by | September 23, 2018 | 19:01

He stressed that any decision on a new production agreement by OPEC's Joint Ministerial Monitoring Committee that meets on Sunday would be "void" and "invalid". His complaint follows signals from Saudi Arabia that it was content to see prices climb above $80 a barrel. In July, the president sent a similar tweet, bemoaning prices at the pump, telling OPEC to "REDUCE PRICING NOW!".Later that month OPEC boosted production by 41,000 to 32.32 million barrels, as noted in OPEC's monthly report .

by | September 21, 2018 | 22:12

A partnership between Coca-Cola and local Albertan producer Aurora Cannabis would be pretty big news, as it would make Coke the first major non-alcoholic drinks manufacturer to enter the cannabis market. The beverage giant's interest is another indication of the growing acceptance of cannabis by established companies. "Obviously, getting into cannabis is a significant step away from adding vitamins".

by | September 21, 2018 | 19:24

Brent crude futures dropped 44 cents, or 0.6 percent, to $77.61 per barrel by 0424 GMT. US West Texas Intermediate ( WTI ) crude fell 0.20%, or 14 cents, to US$69.71 a barrel. Ahead of that meeting in Vienna, the producers will meet in Algeria this month to discuss possible scenarios. Elsewhere, Russia's energy minister, Alexander Novak , said on Monday that the country was ready to discuss cooperation with the United States to balance the oil market.

by | September 21, 2018 | 17:12

The government wants the changes legislated by the end of the week. "The community is reminded that contaminating food is treated as a serious offence and a threat to public safety". WA Police have confirmed they have received reports of needles being found in strawberries in Kelmscott, Spearwood and Bull Creek. "Labor will work with the government on supporting farmers and stopping these despicable acts", Mr Fitzgibbon said.

by | September 21, 2018 | 16:12

Lalit Gupta , joint director general, Directorate General of Civil Aviation (DGCA) told Times of India that the crew forgot to use the switch meaning pressurisation could not be maintained. A video shared by passenger Darshak Hathi shows oxygen masks drop into the interior of the cabin as air pressure dropped. But the Jet Airways spokeswoman refused to confirm the claim that the crew forgot to press the button.

by | September 20, 2018 | 23:25

European sales start in November. It's a modular electric platform that will form the basis of its most high volume models, from the B (supermini) to the D (large family car) segments of the market. The decision to go with an SUV , rather than a sedan, however, reflects the rapid shift in the overall automotive market, traditional sport-utility vehicles and crossovers now accounting for more than half of all USA new vehicle sales, even as four and two-door models continue losing momentum.

by | September 20, 2018 | 21:39

Wendy's is extending its National Cheeseburger Day 2018 celebration with a deal that lasts almost an entire month. BurgerFi is offering a buy one BurgerFi Cheeseburger get one for only $1 on National Cheeseburger Day . The FB Burger normally sells for $8 to $10. Big Cheese cheeseburgers are only a dollar today at Farmer Boys . Guests who visit a participating Red Robin restaurant on the holiday can enjoy a Gourmet Cheeseburger and Bottomless Steak Fries for just $5, with any ...