Finance

by | November 14, 2018 | 05:35

The company did not name the chipmaker, but is a major supplier to US -based Lumentum Holdings Inc ( LITE .O) which slashed its forecasts on Monday and said that one of its largest customers would "materially reduce" shipments for the current quarter.

by | November 14, 2018 | 03:33

Insiders claim that the Saudis' push to reduce output is partly in reaction to being blindsided by Trump's decision to temporarily exempt China , India , and other countries from his sanctions against Iran , and that the kingdom views these exemptions (and not weakening demand or other factors) as a major reason for the current price slide - and is determined to stop it.

by | November 14, 2018 | 03:33

At the moment, the pair is trading at 1.2950, still up 0.8%, or a little over 100 pips, on the day. It will also have to pass a vote in the United Kingdom parliament, expected in mid-December. Earlier this month, Irish Prime Minister Leo Varadkar said Brexit has "undermined" the landmark Good Friday Agreement, which in 1998 ended decades of violence in Northern Ireland.

by | November 13, 2018 | 19:17

He speculated that meteorites were entering the atmosphere, but were speeding off at "Mach 2". From their vantage point there were "multiple" bright objects "following the same sort of trajectory". Two more pilots chimed in, sharing the same impressions, with one expressing relief that it wasn't "just him". Chatter between airline pilots and Irish air traffic control focused briefly on the sightings, with at least four aviators confirming that they'd seen the phenomenon.

by | November 13, 2018 | 17:32

PST. When visiting the site starting between noon and 1 p.m. Monday, users were greeted with page saying "Sorry, something went wrong". Facebook has not said what caused the outage. A live outage map on the website at the time showed reports as far west as Portland, Ore., and as far east as Boston. We'll update this post when the services go back up.

by | November 13, 2018 | 15:13

Amazon has reportedly been closing in on a deal for a split headquarters , with Crystal City in Virginia and Long Island City in NY emerging as the frontrunners during the yearlong search. The Journal last week quoted an anonymous source as saying Amazon decided that dividing its second headquarters between two locations would spread the economic benefits as well as burdens - such as pressure on housing and transportation.

by | November 13, 2018 | 06:01

Kristian Rouz - The shale oil boom in North Dakota's Bakken oil field continues to set new records, rendering United States crude prices lower, which, in the face of increasing USA energy exports, is poised to weigh on worldwide oil prices as well.

by | November 12, 2018 | 21:44

The country faces uncertain prospects in its attempts to persuade other producers to agree to a coordinated output cut. "A new strategy needs to be formed, whether it's cuts or something else, it's not increasing production definitely". "We have to study all the factors", Falih said. He said market sentiment had shifted from fears of shortages to worries about oversupply. Crude prices have dropped approximately one-fifth since early October.

by | November 12, 2018 | 16:00

After adding four-tenths of a percentage point to economic growth in the first six months of the year, lagging investment in "nonresidential structures" trimmed a quarter of a percentage point in the annualised growth rate for the third quarter.

by | November 11, 2018 | 22:15

Alibaba Group co-founder and Executive Chairman Jack Ma gestures during Alibaba Group's 11.11 Singles' Day global shopping festival in Shanghai , China, November 11, 2018. The event was kicked off on Saturday with a gala featuring U.S. singer Mariah Carey, a Japanese Beyoncé impersonator and a shoe-shopping-themed Cirque du Soleil performance.

by | November 11, 2018 | 19:56

This news, paired with stories about several other men being rewarded for bad behavior, sparked an internal movement at Google and on November 1, thousands of Google employees around the world walked out of their jobs in protest , demanding change.

by | November 11, 2018 | 16:43

What we can do is recognise the reasons why people voted leave. A contentious backstop agreement, now close to being agreed, will aim to avoid a hard land border between Northern Ireland, part of the United Kingdom, and the Republic of Ireland if the two sides have not struck a long-term deal.

by | November 11, 2018 | 04:48

Walmart is launching its in-store Black Friday sales at 6 p.m. local time on Thanksgiving this year. Black Friday deals will go live on Walmart .com at 10 p.m. Several prominent retailers in developed markets, notably in the US, have geared up to make whopping gains from the upcoming festive season post the Black Friday.

by | November 11, 2018 | 03:29

The cuts are expected to lead to about $250 million (U.S.) in annualized savings by 2021. On the site's future, it said: 'We will communicate with our employees in more detail over the coming weeks'. Michael Ryan, the head of the firm's Northern Ireland operation, said spending such a sum to store goods is "not how we can afford to run a business" and is "cash that I don't have".

by | November 09, 2018 | 15:05

The odour of a cargo of stinky fruit caused passengers of an Indonesian flight to demand crew remove it before departure. They also expressed concern over its extra weight on the plane, AFP reported. The airline later said that it was within its rights to carry the fruit in cargo, despite the smell. In some Asian countries, Durians are banned from public transport and hotels due to their pungent smell.

by | November 09, 2018 | 14:43

Strong output growth from USA shale producers as well as Russia , Saudi Arabia , the United Arab Emirates and Kuwait should be enough to compensate for the loss of Iranian exports. But Trump carved out exemptions for China , Japan, South Korea, India and Taiwan in Asia , as well as Greece, Italy and Turkey in Europe. "From the Suez Canal to the Strait of Malacca and all choke points in between, Iranian tankers are now a floating liability", Hook told reporters.

by | November 08, 2018 | 18:47

Musk, whose name is virtually inseparable from Tesla, has an impulsive streak that caused trouble when he tweeted in August that he had "funding secured" for taking Tesla private at $420 per share when no such deal had been worked out. "The market reacted to this information and Tesla's stock price quickly traded up", said Stephanie Avakian, the SEC's Co-Director of the Division of Enforcement, in a September news conference.

by | November 07, 2018 | 08:43

Almost 200 Democratic women are running for Congress this year, compared to just 59 Republicans. Despite a seemingly energized grassroots electorate, the Democratic Party has been viewed as a long shot to take back control of the Senate where Republicans now hold a narrow majority of 51 seats to 49 seats for Democrats.

by | November 07, 2018 | 08:26

Democratic former vice-president Joe Biden called on Americans to use their votes to reject Mr Trump. "I feel to a certain extent I have no choice, but maybe I do", the president said . Democrats were laser-focused on health care as they predicted victories that would break up the GOP's monopoly in Washington and state governments.

by | November 06, 2018 | 20:23

Asked about his main fear if Democrats take the House, amid forecasts of a blue wave , Trump said: 'We'll just have to work a little bit differently. Bush won 40 out of 50 states. Republicans voted to confirm Justice Kavanaugh, and Mr. Trump at one point mocked the accuser during a rally. "Vote for the Democrat".

by | November 06, 2018 | 13:38

That's unlikely, by all accounts, because the map is so friendly for the GOP. "A good night [for the president] would be if Republicans hold the House and Senate and minimal losses in the governorships". "We can even include some surprising Democratic wins". NY has a total number of twenty-seven seats and it appears the chance of winning for the Democrats is "solid".

by | November 06, 2018 | 03:17

Meanwhile, on Twitter , Amazon's director of economic development Mike Grella blasted the unnamed sources leaking information about the e-tailer's HQ2 decision. Amazon has said that economic incentives will be an important factor in its decision. Amazon says it plans to make $5 billion in capital investments alone in the city it chooses, and that its headquarters injected an additional $38 billion into the local economy in Seattle, generating an additional $1.40 for every dollar the ...

by | November 06, 2018 | 03:11

Retail giant Amazon Inc . is in "advanced talks" to open its second headquarters in the Washington, D.C., metropolitan area, The Washington Post reported Saturday. The retailer previously announced a planned investment of $5 billion and 50,000 jobs for the second headquarters. If it does turn out to be Crystal City and New York City, we hope Amazon has a plan for how to deal with all the traffic.

by | November 05, 2018 | 21:13

Just in time for holiday shopping, Amazon will offer free shipping on all orders arriving in time for Christmas . It intensifies the war for online customers this holiday , and comes after Target announced free two-day shipping for all customers for the holiday.

by | November 05, 2018 | 18:46

Recognizing that the concern about pre-existing conditions has galvanized voters regardless of party, Republicans have seized on it in the campaign's closing month , insisting that their plans would enshrine such protections. Trump is also hammering away at the anxieties of women voters. Trump's response to the court decision was to call Kemp's campaign "extraordinary" and attack his Democrat opponent Stacy Abrams.