Markets

by | December 11, 2018 | 08:41

Soon after Urjit Patel quit as RBI Governor, Prime Minister Narendra Modi on Monday lauded his contribution saying he steered the banking system "from chaos to order" and ensured discipline. Appointed by the NDA government, Urjit Patel had taken over from Raghuram Rajan on 4 September 2016. The final nail in the coffin was perhaps when the government started demanding a review of RBI's corporate governance and wanted the board of directors to enjoy greater role in decision making, ...

by | December 11, 2018 | 08:36

Ghosn was arrested last month following allegations that he had under-reported his income. Prosecutors also re-arrested him on Monday for allegedly understating his income for three more years through March 2018. Nissan said earlier that it was cooperating with the prosecutors' office and providing them with information related to misconducts. He was parachuted into Nissan and began a huge corporate overhaul when Renault acquired the then-ailing Japanese manufacturer in 1990.

by | December 10, 2018 | 01:33

As a term of the investment, Altria will name four directors to Cronos' board, which will expand from five to seven members. Aphria gained as much as 17 percent, retracing some of its losses this week, although the stock is still poised to end the week at its lowest price since November 2017.

by | December 08, 2018 | 11:26

The Dow retreated 3.1 percent and the Nasdaq sank 3.8 percent on Tuesday. A hint at rate cuts coming down the pipeline would offer much needed breathing room for emerging market (EM) currencies and move funds from US government bonds to other havens of interest returns causing them to appreciate against the dollar.

by | December 08, 2018 | 11:01

Speaking on Monday, Kudlow said the Trump administration would talk about "a lot of things, including our hope that they will continue to invest directly in the US and that they will use". The White House said President Donald Trump would also meet briefly with the executives - something that had not initially been on the schedule. Peter Navarro, the president's top trade adviser, expressed confidence in the president's trade strategy.

by | December 07, 2018 | 01:17

Meng's bail hearing has been scheduled for Friday. "As there is a publication ban in effect, we can not provide any further detail at this time". Meng "was arrested in Vancouver on December 1", a statement by Canada's ministry of justice said.

by | December 07, 2018 | 00:33

Hook has come to Vienna to apply for USA membership in OPEC, and this is the reason why he meets OPEC members, the request can be reviewed", Zangeneh told Shana news outlet. Oil Minister Bijan Namdar Zanganeh said that his country "doesn't join any agreement for cutting production because of the special situation Iran faces", a reference to United States sanctions against the country's oil industry.

by | December 03, 2018 | 04:52

China has retaliated with tariffs on $110 billion worth of USA imports. The Trump administration had threatened to more than double the tariffs it has already slapped on $250 billion worth of Chinese imports, while Xi's government has put targeted tariffs on $110 billion in USA goods.

by | December 01, 2018 | 01:35

Trump in recent weeks has repeatedly attacked the Fed - and Powell personally - for the central bank's interest rate increases, which the president has blamed for stock market turmoil and signs of economic weakness. While noting that some forms of corporate debt levels have become concerning, Powell the financial system and markets appear far sturdier than they did before the 2008 crisis.

by | December 01, 2018 | 01:15

After President Trump's public displeasure of the move and other politicians upset, General Motors released a statement touting its track record and accomplishments in the United States . Commenting on the decision, GM said that it made the decision because of a decline in auto sales. In August, U.S. Steel also said it was upgrading its Gary, Indiana plant.

by | November 28, 2018 | 01:01

The layoffs will hit 8,000 white-collar employees and at least 5,900 blue-collar workers. GM said more than 14,000 jobs in the US and Canada were being slashed, the majority being white collar workers and others of factory workers. The couple has an 11-month-old at home. GENERAL Motors has announced it will axe around 15,000 jobs worldwide - or 15 per cent of its global salaried workforce, including 25 per cent of its senior executives - but Holden and its Australian-based design and ...

by | November 28, 2018 | 01:00

Bob Menendez are working on to sanction the Crown Prince. Strength is telling the truth even when it's hard. Khashoggi's murder has strained Saudi Arabia's ties with the West and affected its image overseas. Lee called on Congress to "take some ownership" of US foreign policy and reconsider its partnership with the Middle Eastern kingdom. "It's inconsistent with the intelligence I've seen", said Lee.

by | November 28, 2018 | 00:41

Outside of Christmas and the actual day of Thanksgiving, there's no better day to drop bad news that you don't want people to see. Intensified wildfires are among the many problems that the United States now faces, according to the second volume of the Fourth National Climate Assessment , released on Friday (November 23); hurricanes, heat waves, and disease outbreaks are other calamities that can already be felt in the country.

by | November 23, 2018 | 08:18

Tostenson, who also represents the BC Restaurant and Food Services Association, says the coalition is especially concerned that the Passenger Transportation Board would have power to limit the number of drivers on the road, where they can drive, and also set rates.

by | November 23, 2018 | 07:28

Some of these are Prime-exclusive devices , meaning that they come pre-loaded with some additional Amazon apps, but that's a small trade off for some of these discount amounts. Other countries will get it soon. Microsoft is offering 100 free minutes for each of the first two months after linking Skype with Alexa. The list of Alexa devices that are compatible with the new service include Amazon Echo (Gen 1), Amazon Echo (Gen 2), Echo Plus (Gen 1), Echo Plus (Gen 2), Amazon Dot (Gen ...

by | November 23, 2018 | 07:15

Analysts began warning about the potential for a recession next year. Investors are anxious about the USA economic outlook on concerns over Apple's future earnings. Among tech and internet stocks, chipmaker Nvidia dropped 12% to $144.70, adding to its losses from last week. Boeing gave up 4.8 percent, but is still one of the best-performing stocks in the 30-stock index.

by | November 22, 2018 | 16:28

Now there are still traders who are trying to recapture losses by quickly buying small dips and selling at local peaks, but if the market continues a general downtrend even these traders will have to capitulate, at which point BTC can start making a longer term rise in value.

by | November 22, 2018 | 16:08

Here's what you should know before you sit down for dinner. The voluntary recall was issued by Conagra Brands due to "a positive finding of Salmonella in a retail sample of Duncan Hines Classic White cake mix that may be linked to a Salmonella outbreak that is now being investigated by CDC (US Centers for Disease Control and Prevention ) and FDA", Conagra said in a statement .

by | November 22, 2018 | 16:03

The Reserve Bank of India (RBI ), in a crucial board meeting on Monday, is expected to take up issues that have triggered a row between the bank and the government. Italy's Deputy Prime Minister Luigi Di Maio accused his compatriot Mario Draghi of "poisoning the atmosphere" after the European Central Bank president warned that the country's borrowing costs would escalate unless the government pared back its spending plans.

by | November 21, 2018 | 03:17

The unexpected resurgence in Iranian oil imports due to the waivers has helped push spot prices for Middle East crude and condensate to their lowest in more than a year. So far in the session, more than 868,000 front-month WTI contracts had changed hands, exceeding the daily average over the last 10 months. The contract dropped $3.42, or 4.9 percent, last week.