Markets

by | October 20, 2018 | 11:15

Central American migrants traveling in a caravan broke through a Guatemalan border fence Friday, running into a wall of police in Mexico, whose government has promised the United States it will confront the caravan. The thousands of Hondurans are making their way through Guatemala, headed toward Mexico and, if they're allowed through, plan to head onward to the US, as the contentious midterm elections approach November 6.

by | October 19, 2018 | 19:13

Each of the 24 semi-weekly drawings have failed to produce a top victor since July 24, when an 11-member group of employees at a Wells Fargo branch in Santa Clara County, California, won a $US543 million Mega Millions jackpot . The lottery officials who run Mega Millions tweaked the rules and odds of the game last October to make jackpots pay out less frequently, spurring their monster growth.

by | October 19, 2018 | 17:30

Trump and Secretary of State Mike Pompeo want everyone to cool their heels until the Saudis finish their investigation, "and Saudi Arabia is really making headway with their 'investigation, ' because today, one of the 15 alleged Saudi killers died in a auto accident in Riyadh", Colbert said.

by | October 18, 2018 | 09:06

The Iranian official, in turn, said the Islamic Republic expects South Korea as one of its key business partners to continue its operation in Iran in the situation created by the USA sanctions. U.S. President Donald Trump can not bring oil prices down by "bullying" other nations, Iran's oil minister said on Tuesday, adding that the market was suffering from short supply.

by | October 18, 2018 | 06:32

The statement did not directly acknowledge Khashoggi's disappearance, which happened October 2 when he visited the Saudi Consulate in Istanbul. In an "Silicon Valley's Saudi Arabia Problem", the New York Times outlines how liberal Silicon Valley tech firms struggle with the issue of taking money from Saudi Arabian investors while ignoring the countries many human rights violations.

by | October 17, 2018 | 00:22

Did someone say $1 billion in jackpots? The amount you will win is likely $0, because the odds of winning either jackpot are one in several hundred million. Even though no one took home Friday's big prize, there were 2,651,183 winning tickets on the October 12 across all prize levels. If those tickets were purchased with the Megaplier option, the prizes would be multiplied to $30,000.

by | October 16, 2018 | 15:57

The jackpot climbed $78 million after no one matched all six numbers Tuesday night. For example, matching five white balls without the Mega Ball pays $1 million. With the big jackpot in March 2018 that was about $521 million (and we've now surpassed that amount, ) we actually didn't find out if anyone won until the next morning.

by | October 15, 2018 | 08:58

Year to date, OPEC's reference basket is up $20.21 (40%) per barrel compared to the first nine months of 2017. One of the reasons for the additional demand for Saudi oil is that the crude arbitrage from the United States is shut so the Indian buyers have to turn to Middle Eastern barrels, said one of the sources.

by | October 15, 2018 | 08:11

The International Energy Agency said in its monthly report that the world's spare oil production capacity was already down to only 2 percent of global demand, with further reductions likely to come. The prices are being driven up in part because crude oil inventories continue to rise, meaning there's a plentiful supply. The rapid increase in prices was more about perception of a supply shortage than real fundamentals, he said.

by | October 13, 2018 | 12:28

Two weeks ago , Facebook revealed its discovery that it was the victim of a data breach . The FBI is investigating the attack but asked the company not to discuss who may have been behind it, Facebook said . For 15 million, they obtained names, phone numbers, and email addresses, if present in their profiles. For 400,000 of the accounts, which these attackers used to seed the process of gathering login tokens, personal information, such as "posts on their timelines, their lists of ...

by | October 13, 2018 | 12:01

Singapore Airlines Ltd SIAL.SI is poised for a major boost to its USA footprint from Thursday evening as it resumes, after five years, the world's longest commercial flight - a near-19 hour non-stop from Singapore to NY. It topped the previous longest direct air link between cities - Qatar Airways Flight 921 from Auckland to Doha, which takes 17 hours 40 minutes. 'My cousin said 'hey, this is in the press.' I'm going to take pictures and show her, ' she said.

by | October 13, 2018 | 10:06

Obstfeld said. Over the longer term the impact to the USA economy will be almost one percentage point, while to China it will be half that. The global organization also estimates that over the medium-term, growth in China is expected to slow to 5.6 percent, "as the economy continues to make the transition to a more sustainable growth path with continued financial de-risking and environmental controls", the report said.

by | October 12, 2018 | 12:39

In May, U.S. President Donald Trump pulled Washington out of the 2015 worldwide deal on Tehran's nuclear program and vowed to restore sanctions on Iran's oil exports on November 4. UCO Bank and IDBI Bank have been identified to route the payment as the two have no exposure to the USA financial system. In hopes of preventing Tehran from moving forward with its nuclear program, European officials have been working to protect Iranian oil sales from USA sanctions.

by | October 05, 2018 | 14:14

Indonesia's central bank governor stressed the need to raise interest rates before the Fed to avoid "drastic" capital outflows in the wake of a heavily flagged Fed hike in December. The central government and mostly BJP-led states announced a cut in excise and Value-Added Tax rates to reduce fuel prices by 5 per litre. The benchmark Sensex plunged by 527.94 points, or 1.39%, to 35,447.69 in morning deals.

by | October 04, 2018 | 19:14

Thanking Prime Minister Narendra Modi and Union Finance Minister Arun Jaitley , Fadnavis said the reduction in fuel prices will give a huge relief to citizens. Jaitley, however, downplayed fiscal implications around the fuel price cut. Jaitley said the decision to give relief to consumers was necessitated by the uncertainty regarding the worldwide oil prices and was made possible by better-than-expected revenue collections.

by | October 03, 2018 | 18:10

Saudi Arabia has been unable to offset the lost Iranian crude exports. That's the highest level since November 2014. "Crude prices continued their meteoric rise as Canada and (the) USA updated the NAFTA treaty, which would augur well for economic growth", said Sukrit Vijayakar, director of energy consultancy Trifecta.

by | October 02, 2018 | 21:59

Amazon is raising its minimum wage to $15 an hour for all USA employees. Bezos is the world's richest man by a large margin-he is worth around $165 billion, according to the Bloomberg Billionaires Index-but previous year Amazon's median pay was just $28,446, which works out to around $14 an hour.

by | October 02, 2018 | 21:56

Last Thursday, the SEC charged Musk with securities fraud for the infamous tweets about taking Tesla private at $420 per share and for claiming " funding secured " for a potential deal . Electrek , a website focusing on the electric-vehicle industry and particularly on Tesla's offerings, quoted an unnamed source as saying production levels reached an unprecedented level of roughly 80,000 for the third quarter.

by | October 01, 2018 | 23:28

The social media company announced last week that about 50 million user accounts worldwide had been accessed by hackers , with another 40 million left vulnerable during the attack. But because of the way the hack worked, it also gave attackers the same level of access to any accounts you use Facebook to log in with. It's not clear whether this has actually occurred - when asked, a Facebook exec said only that the company was early in its investigation - but the possibility may force ...

by | October 01, 2018 | 23:25

A hefty thank you to the Golden State for your effort to get right what the @FCC got so wrong when it rolled back open internet protections late previous year. "That preemption of the states, despite the federal government relinquishing regulation itself, was upheld by the courts", Martin said, adding that it still was an act of Congress itself.