Markets

by | October 01, 2018 | 19:40

The complaint alleged that Mr Musk made " false and misleading statements " about plans to take the company private in August. According to the existing information, Elon Musk has 5 days to leave the post. The $40 million in financial penalties "will be distributed to harmed investors under a court-approved process". However, Musk has agreed to a condition where he will not admit nor deny if he was guilty of committing the securities fraud.

by | September 24, 2018 | 02:25

Global benchmark Brent crude was up 8 cents at $79.48 a barrel after rising half a percent on Wednesday. The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning showing that U.S. He said, "They're not huge threats.markets all around the world are going down, and USA markets are going up". Reuters reported that traders and investors have loaded up on bullish Brent oil bets this week, after signals that Saudi Arabia is in no rush ...

by | September 20, 2018 | 16:00

West Texas Intermediate for October delivery traded at $69.91 a barrel on the New York Mercantile Exchange , down 46 cents, at 11:53am in Singapore. "The situation in Venezuela could deteriorate even faster, strife could return to Libya and the 53 days to November 4 will reveal more decisions taken by countries and companies with respect to Iranian oil purchases", the IEA said, referring to the day USA sanctions on Iran take effect.

by | September 19, 2018 | 01:05

Banking sector reforms are a major plank of Prime Minister Narendra Modi's administration to revive credit growth, which has slowed to multi-decade lows as banks struggle with bad loans. "The best of the service conditions will apply to all of them". Besides, Kumar said, Provision Coverage Ratio (PCR) would be better at 67.5 percent against average of 63.7 percent and cost to income ratio of the combined entity would come down to 48.94 percent as compared to average of 53.92 percent.

by | September 18, 2018 | 12:18

Coca-Cola is best known for its eponymous caffeine-based drink, but the firm now appears to be experimenting with a different drug: cannabis. Coke's interest is another indication of the growing acceptance of cannabis by established companies.

by | September 18, 2018 | 11:14

Trade tariffs have hit Chinese equities hard, with the country underperforming against other emerging markets since US President Trump approved the tariffs in the middle of the year. Trump's tariffs on China raise costs and create uncertainty for companies that have built supply chains that span the Pacific Ocean. USA trade actions against China will not work as China has ample fiscal and monetary policy tools to cope with the impact, a senior securities market official said.

by | September 17, 2018 | 16:26

Amazon founder Jeff Bezos said on Thursday that he will commit US$2 billion to helping homeless families and starting pre-schools for low-income communities, Reuters reports. "Thousands of Amazon workers have to rely on food stamps, Medicaid and public housing to survive", Sanders tweeted earlier this month. The Day 1 Academics Fund plans to launch and operate a network of high-quality, free Montessori-inspired preschools in underserved communities.

by | September 17, 2018 | 15:30

While officially still defiant on the USA demand to cut oil imports from Iran to zero before the November 4 deadline or face sanctions, New Delhi is hustling to find ways around the impending crisis, which involves not just India's energy needs, but also the strategic port of Chabahar, which India is helping develop as a gateway into Afghanistan.

by | September 14, 2018 | 20:45

There is no clear deadline set for the talks, but optimism remains that an agreement can be reached this month. U.S. President Donald Trump has threatened to push ahead with a bilateral deal with Mexico, effectively killing the nearly 25-year-old three-country NAFTA pact, which covers $1.2 trillion in trade.

by | September 12, 2018 | 16:31

Some devices solved this power drain by the inclusion of a dimmer grayscale mode - which displays only the time and uses less power - when the devices are not being actively used. Separately, 9to5Mac contributor Guilherme Rambo, who has been digging into the watchOS 5 beta, has discovered references to the Series 4's resolution.

by | September 11, 2018 | 18:10

The current price hike across the country, is a result of multiple factors including the global geopolitical situation, a diving rupee, but most importantly, the government's unrelenting tax regime and the silence of its ministers over the issue.

by | September 10, 2018 | 18:53

During his speech Friday, Obama warned that there are "dire" consequences to staying on the political sidelines, adding that "powerful and privileged" people want to "keep us angry". "I found that he's very, very good for sleeping". In unusually direct terms, he made clear his concerns about politics in the Trump era and implored voters - especially young people - to show up at the polls in the November midterm elections.

by | September 09, 2018 | 07:42

An ex-Tesla employee who says she was sacked for testing positive for THC, the ingredient found in marijuana, called CEO Elon Musk's decision to smoke marijuana during an interview a "slap in the face". Tesla shares dropped sharply Friday after the electric-car company disclosed that its chief of accounting was leaving the company only weeks after coming aboard.

by | September 08, 2018 | 22:44

China's trade surplus with the United States widened to a record in August even as the country's export growth slowed slightly, an outcome that could push President Donald Trump to turn up the heat on Beijing in their cantankerous trade dispute.

by | September 07, 2018 | 20:08

The airline said in a statement on Thursday that its website and app were compromised from August 21 until 9:45 p.m. on Wednesday. British Prime Minister Theresa May's spokeswoman said the Government was aware of the cyberattack and authorities were working to better understand the incident.

by | September 06, 2018 | 05:12

USA crude oil hasn't traded at $95 a barrel in since 2014, but this is the year that could change. The sharp increase was linked to mounting concerns that falling Iranian output could tighten markets once US sanctions bite from November.

by | September 03, 2018 | 23:55

Trump on Friday formally informed Congress of his intent to enter into a trade deal with Mexico , with the notice adding the administration hopes Canada would be added to the new pact later. Freeland tried to brush off the controversy. "He has brought good faith and good will to the table". He hasn't come up with an infrastructure program that could put a lot of us back to work.

by | September 03, 2018 | 21:29

The initiative involves hundreds of projects, a lot of them built by Chinese contractors and financed by loans from Chinese state-owned banks, across an arc of 65 countries from the South Pacific through Asia to Africa and the Middle East. The number of Chinese tourists to Africa is rapidly growing as African countries are trying to attract more visitors from China. The annual ministerial meeting was held ahead of the 2018 Beijing Focac Summit which officially opens today.

by | September 01, 2018 | 19:27

But the clock is ticking on the North American Free Trade Agreement . Foreign Affairs Minister Chrystia Freeland will head to Washington today (Tuesday) to re-join face-to-face negotiations with the United States and Mexico on the future of the North American Free Trade Agreement ( NAFTA ).

by | August 29, 2018 | 09:00

As part of a pact, Toyota will manufacture Sienna vehicles equipped with Uber's self-driving technology, and another company will operate the fleet, said the person. However, this partnership is unique as the vehicles won't be owned or operated by either company. Traders appeared to welcome the news, pushing Toyota stock up 1.86 percent to 7.096 yen, outperforming the wider market which was 0.64 percent higher.