Markets

by | September 28, 2018 | 22:23

Trump said on Wednesday as he chaired the UN Security Council for the first time that China was meddling in the elections because it opposes his tough trade policies. "The United States lost over 3 million manufacturing jobs, almost a quarter of all steel jobs, and 60,000 factories after China joined the WTO", Trump said on Tuesday.

by | September 28, 2018 | 21:51

An indie Taiwanese hacker has proclaimed he'll broadcast an attempt to wipe out Mark Zuckerberg's Facebook page this Sunday - live. He didn't get into details or respond to an online query. Like all major corporations in Silicon Valley, Facebook also runs a bug-bounty program, where it rewards hackers to discreetly expose bugs in the platform.

by | September 28, 2018 | 20:43

The attackers not only needed to find this vulnerability and use it to get an access token , they then had to pivot from that account to others to steal more tokens, " Facebook stated. In addition to this, Facebook says as a precautionary measure it has also reset access tokens for another 40 million accounts that have been subject to a " View As " look-up in the previous year.

by | September 28, 2018 | 19:35

Google , Twitter , Facebook, YouTube are blocked in China , but Microsoft's Bing search engine continues to operate. Alongside Google, officials from Apple , Amazon , Twitter, AT&T and Charter Communications all said they supported federal legislation- albeit with a variety of qualifiers that suggested they did not want any national rules to constrain the services they now offer to consumers.

by | September 28, 2018 | 19:27

It follows a petition hosted by 38 Degrees which called for Walkers to make its packets recyclable. In a petition to end the selling of such packets, an online campaign to "flood Walkers social media with pictures of us popping them in the post" has picked up steam.

by | September 28, 2018 | 19:23

Musk has hired to defend him in this case former assistant US attorney Chris Clark of Latham & Watkins and Stephen Best at Brown Rudnick, who successfully defended internet billionaire Mark Cuban in an insider trading case, according to people familiar with the plans who asked not to be identified.

by | September 28, 2018 | 18:43

The long-running industrial action by Ryanair staff centres on working conditions. Ryanair spokesman Kenny Jacobs said: "We sincerely apologise to those customers affected by these unnecessary strikes on Friday, which we have done our utmost to avoid, given that we have already offered these unions recognition agreements, collective labour agreements, and a move to local contracts and law in 2019".

by | September 28, 2018 | 10:25

MSCI said the consultation includes adding eligible stocks listed on the tech-heavy ChiNext Exchange starting from May 2019, as well as mid-cap mainland stocks as part of its May 2020 review. Wei Tao, assistant president of Pacific Securities, estimated that the initial weighting of A shares in the FTSE Russell index will be around 5 percent and rise to 32 percent gradually.

by | September 28, 2018 | 10:23

In crunch talks yesterday (Monday), the airline failed to reach terms with cabin crew unions meaning the planned strike action is set to go ahead on Friday (September 28) with cabin crews from Spain , Portugal, Italy , Belgium and the Netherlands taking part.

by | September 28, 2018 | 06:24

Both the SEC and the justice department have been investigating Tesla after Musk suggested in August that he was preparing to take Tesla private and claimed he had "funding secured". Musk also tweeted that he had "funding secured" for such a deal and that the only step left in the process was getting investor approval. The possibility of Musk being ousted as CEO also increases uncertainty about access to capital for Tesla, which has never posted an annual profit but has vowed to be ...

by | September 28, 2018 | 05:54

But investors will nonetheless eagerly parse the central bank's announcement of the decision to get a glimpse of its line of thinking - and try to deduce how many more hikes are coming and when. There were no dissents in the Fed's policy statement . Looking ahead to 2019, Fed officials expect at least three rate hikes will be necessary, and one more in 2020.

by | September 28, 2018 | 04:11

The SEC sent subpoenas to Tesla in August after the sometimes erratic Musk sent a series of tweets Aug. 7 saying he was considering taking the company private at $420 United States per share. On August 8, six of Tesla's eight board members backed the CEO, stating that he had opened a discussion with the board about taking the company private.

by | September 28, 2018 | 01:39

The global body also called on Israel to support a conducive environment for economic growth by lifting restrictions on trade and allowing the movement of goods and people, without which, the report confirmed, the economic situation in Gaza will never improve.

by | September 28, 2018 | 01:39

The price of Brent crude oil could continue its advance as traders ignore US President Donald Trump's persistent calls for producers to raise their output. "The refiners' exposure to oil price volatility will also increase if they turn to the spot market", Moody's said. The so-called "Opec+" group, which includes Russia, Oman and Kazakhstan, met over the weekend to discuss a possible increase in crude output, but the group was in no rush to do so.

by | September 28, 2018 | 00:54

The catch being you have to buy an inventory Model S, Model X , or the Performance Model 3 to get it. Non-performance Model 3 inventory vehicles qualify for one year of free Supercharging. Current production level is at around 4000 Model 3s a week, but apparently not enough deliveries are happening in September. After an owner suggested on social media that he would volunteer and assist Tesla with deliveries, CEO Elon Musk accepted the offer and gave instructions on how owners can help.

by | September 27, 2018 | 18:29

He downplayed the threat during Congressional testimony in July, but President Donald Trump has since imposed tariffs on an additional $200 billion worth of Chinese goods , and threatened to impose duties that would cover half of all imports from the world's second-largest economy.

by | September 27, 2018 | 18:24

At a press conference in New York, Trump told reporters he had rebuffed a Trudeau request for a meeting "because his tariffs are too high and he doesn't seem to want to move and I told him "forget about it". In a direct attack on NAFTA itself, President Trump added: "I don't like NAFTA". Well it could mean a US-Canada trade spat, auto tariffs and other problems.

by | September 27, 2018 | 17:40

The move, assented to by Disney (which will soon acquire most of Fox and would have inherited the Sky stake), ends the long quest to control Sky by Rupert Murdoch after three decades as a major investor. Fox owns the Sky stake, but Disney effectively took control of it after agreeing to purchase Fox's entertainment assets for $71bn in July. Walt Disney Co ( DIS.N ), which agreed to buy Fox in June for $71.3 billion, said it had given consent to Fox's decision.

by | September 27, 2018 | 15:30

It also raised its projection for growth in 2019 to 2.5 percent from 2.4 percent. Mr. Powell took pains to explain that during his postmeeting news conference, pointing out that every policy maker said that they expect interest rates over the long run to be above current levels-an indication that, policy makers think the current level of rates really is accommodative.

by | September 27, 2018 | 12:25

Crude oil is off of recent highs with WTI crude barrels back into the 72.00 level after peaking at 72.72, driven higher by incoming U.S. sanctions on Iran and concerns about immediate supply being able to cover the loss of Iranian production in global markets.