Markets

by | June 05, 2018 | 00:11

Kudlow acknowleged that the dispute over trade could jeopardize a United States economy that is now "clicking on all cylinders", with surging growth and low unemployment. "We want to avoid a trade war", he said. He specifically noted the size of the trade deficit with China as he defended his moves. The union says it understands why many people are frustrated with global trade and called for the U.S.to develop a manufacturing strategy that creates good jobs.

by | June 03, 2018 | 12:55

Index providers typically adjust or rebalance their indices periodically to reflect underlying market developments. The Index consists of stocks traded primarily on the Mexican Stock Exchange. More than 200 Chinese companies debuted Friday in MSCI equity indices in what analysts call a small yet significant step in China's cautious drive to integrate with world markets and tame the volatile "casino" atmosphere of its stock exchanges.

by | June 03, 2018 | 11:15

As reported by sister publication ARN , the move comes after Australia's Parliament previous year passed new legislation that will see online retailers compelled to collect GST from Australian customers on overseas purchases worth less than $1,000.

by | June 03, 2018 | 09:47

Christian Sewing acknowledged in a message Friday to staff that "many of you are sick and exhausted of bad news" but assured them that the bank has solid capital buffers. In his letter, Sewing also addressed United States regulatory concerns following the Wall Street Journal report that said the Federal Reserve had designated Deutsche Bank's operations past year to be in a "troubled condition".

by | June 03, 2018 | 09:35

The government will not extend the deadline for submissions of interest in Air India, Choubey said. The aviation secretary further added that the government meant to signal to the market that complete freedom would be given to the buyer of Air India, but said he could not comment on whether the end of 2018 would continue to remain the target for the stake sale.

by | June 03, 2018 | 07:04

Commission president Iain Ross said there were signs Australia's economy and labour market were healthier than this time past year. The Fair Wages Commission was established in October 2017 as an arms-length government resource to engage with the public to advise the government on an approach to achieve this $15 an hour goal with increases that are regular, measured and predictable.

by | June 03, 2018 | 07:00

No nation can shape and secure it on its own. Is that possible? Yes it is possible. Modi will give a keynote address on Friday at the Shangri-La Dialogue conference, which will be attended by US Secretary of Defense Jim Mattis, among others.

by | June 03, 2018 | 06:57

Emergency workers cut the driver out from the Porsche as a crowd watched. Authorities had to cut the hotel valet from the Porsche who had become trapped from the accident. Another onlooker, Jonathan Bouzaid , posted pictures of the scene on his Instagram page, and speculated the valet may have been unfamiliar with the sports vehicle, which has a starting price of $182,000 US dollars in Australia.

by | June 03, 2018 | 06:35

Oil prices retreated on Friday, after U.S. President Donald Trump's remarks on trade boosted the dollar, weakening greenback-denominated commodities, including crude. "The fact that we saw the Saudi/Russia announcement last week could have attracted some interest in narrowing the spread, given that we were looking for some of the geopolitical risk (in Brent ) to be removed, but that's been overtaken by the domestic widening in crude prices in the US", Hansen said.

by | June 03, 2018 | 06:34

The investment from SoftBank Vision will be made in two installments. The investment will be made in two tranches, starting with $900 million and adding another $1.35 billion only when Cruise AVs "are ready for commercial deployment". GM is one of the more ambitious players in the self-driving auto space. GM is hoping to launch its fleet of self-driving cars sometime next year. The announcement sparked a rally in GM shares, which jumped 11.5 percent to $42.16 (roughly Rs.

by | June 03, 2018 | 06:11

The authority's chief govt Andrew Bailey mentioned that "the proposals will profit overdraft and high-cost credit score customers, rebalancing within the favor of the shopper". "The regulator should keep the impact of its new measures in other sectors, such as doorstep lending, under review - and be prepared to reconsider the case for further cost caps".

by | June 03, 2018 | 05:45

The huge-selling 500's EV version will sit on one of four FCA EV powertrains, each designed for a different market, while the Giardiniera, a throwback to the original 500's estate variant, will feature hybrid powertrains along with the 500X and 500L.

by | June 03, 2018 | 03:33

If you keep your job, you could pocket an extra $10,000 by moving to Vermont . Eligible workers can get up to $5,000 a year, not to exceed $10,000 over two years, through the state's new remote worker grant program. Its population overall is flat or slightly shrinking. According to the state documentation, the state will award no more than $125,000 in 2019, no more than $250,000 in 2020 and no more than $125,000 in 2021.

by | June 03, 2018 | 02:49

After weeks of political drama that had at one stage seemed certain to lead to new elections, President Sergio Mattarella named political novice Giuseppe Conte as prime minister for the second time in less than a fortnight and approved his revised cabinet.

by | June 03, 2018 | 01:57

In a news release issued Thursday morning, officials with the Sears Holding Co. said they expect to close 72 non-profitable stores by November. The beleaguered retailer said that it had identified about 100 stores that are no longer turning a profit, and the majority of those locations would begin store closing sales.

by | June 03, 2018 | 00:12

The six other members and the European Union all voiced opposition to the USA tariffs, Aso said after the second day of the talks. The Canadian government announced retaliatory tariffs on U.S. The EU's temporary exclusion from punitive USA tariffs on steel and aluminium "did not appear satisfactory to us", French President Emmanuel Macron said after an EU summit on Friday (23 March).

by | June 02, 2018 | 21:07

But when news broke, Google began working to calm the nerves of employees and outside critics. Google is drawing up a set of rules that will shape its involvement in developing AI tools for the military, following controversy over its military drone contract with the Pentagon.

by | June 02, 2018 | 14:23

While the prospect of snap Italian elections - which could effectively become a referendum on the euro - continues to loom, some investors see the selloff as overdone while the timing of any vote remains unclear. As Italian 10-year bond yields jumped 20 bps to their highest level in nearly four years at 2.88 percent, the gap over German Bund yields hit 264 bps - its widest since September 2013.

by | June 01, 2018 | 22:14

An absolute majority of 180 lawmakers voted for the motion to loud applause and shouts of "Yes we can", converting Rajoy into the first prime minister to be ousted by such a vote since Spain transitioned to democracy in 1977. Dozens of people tied to his party have been sentenced to years in prison. The Socialists , who hold 84 of the parliament's 350 seats, also have the support of anti-establishment party Podemos and a string of regional parties, including two Catalan separatist ...

by | June 01, 2018 | 19:15

The President of the European Commission, Jean-Claude Juncker, said "The EU believes these unilateral U.S. tariffs are unjustified and at odds with World Trade Organization rules". Shares of industrial heavyweights Boeing and Caterpillar both fell, with Boeing down 1.7 percent and Caterpillar down 2.3 percent. "We will defend the union's interests, in full compliance with worldwide trade law", he said.