Markets

by | October 10, 2018 | 15:02

Spot yuan was on track for its lowest close in seven weeks against the USA dollar, as expectations of more easing measures by China , plus surging United States bond yields, put pressure on the Chinese currency. According to the Chinese central bank, Chinese banks can receive 1.2 trillion yuan from the one percentage point cut in required reserve ratio, in which 450 billion yuan (US$65 billion) will be used to repay their existing borrowing from the central bank and the other 750 billion ...

by | October 10, 2018 | 03:43

Growth estimates for the euro area and Britain also was revised down. Meanwhile, rising interest rates are also pressuring some emerging markets with capital outflows, notably Argentina, Brazil, Turkey and South Africa. The IMF also predicted that Bangladesh's consumer prices would reach 5.8 percent at the end of this year and 6.1 percent next year. "Poverty will lead to an increasing crime rate and the tall claims of 10 million jobs and five million house would not materialize", Wizarat ...

by | October 10, 2018 | 02:04

Besides, New Delhi sought to get around the restrictions by supplying goods including wheat, soybean meal and consumer products to Iran in exchange for oil. Iran's crude exports fell further in the first week of October, according to tanker data and an industry source, as buyers sought alternatives ahead of US sanctions that take effect on November 4.

by | October 09, 2018 | 11:57

Of the 220.4 million metric tonnes (million MT) of crude oil imported by India in 2017-18, about 9.4 per cent, was from Iran. The announcement, the first indication Washington was considering such waivers, followed a Reuters report that India planned to lift some Iranian oil in November although it has been cutting back on Iranian imports recent months.

by | October 08, 2018 | 23:28

The report claimed that in addition to Apple and Amazon , Super Micro manufactured equipment for the U.S. defence department's data centres and other federal government functions - some operated by Apple and Amazon Web Services . "Nothing was ever found", he wrote in the letter provided to Reuters . The executive also said he would be available to address the issue with members of Congress this week.

by | October 08, 2018 | 16:54

Help us grow and continue telling Israel's story to the world. WASHINGTON - The Trump administration signaled for the first time on Friday it will consider sanctions waivers for countries that have significantly reduced, but not completely eliminated, their intake of Iranian oil.

by | October 08, 2018 | 16:14

But not to fear, Facebook accounts are not really being cloned. Facebook cloning is when someone creates an account and steals your photos and personal information and then sends out friend requests to your existing friend list to gather more personal information, or to send out scam messages from the faked account.

by | October 08, 2018 | 12:41

Your friends will think that it's you and accept your request. Then, it tells the receiver to forward the same message to their friends. The message says: 'Hi.... If you're still wondering if your profile was actually cloned, one way to check is to search your name on Facebook and see if more than one account with your photo shows up.

by | October 08, 2018 | 08:39

Petrol is now retailed at Rs 81.82 per litre in Delhi , Rs 87.29 per litre in Mumbai , Rs 83.66 in Kolkata and Rs 85.04 in Chennai. The announcement by states came after the Centre chose to reduce petrol and diesel prices by Rs 2.50 per litre on Thursday.

by | October 08, 2018 | 08:10

More than 6.5 million pounds of raw beef products were voluntarily recalled Thursday from a plant in Arizona where federal officials had previously complained about "egregious" and "inhumane" livestock conditions. No deaths have been reported. DNA fingerprinting is performed on Salmonella bacteria isolated from ill people by using techniques called pulsed-field gel electrophoresis (PFGE) and whole genome sequencing (WGS).

by | October 08, 2018 | 05:59

Effective July 2018, access to full reports will only be available with a subscription. "I'm nearly crying", said retired seafood auctioneer Hisao Ishii, who returned to the market for its last day on Saturday. At the end of September the market closed for tourists, and now there was the last auction to wholesalers. The move affects not only the famed fishmongers, but also fruit and vegetable vendors, restaurants and other shops in the inner market.

by | October 08, 2018 | 05:08

Unilever first announced plans to simplify the business from two legal entities into a single one, incorporated in Rotterdam, in March. In developing the initial proposal, it said the board had been "guided by the opportunity to unlock value for our shareholders by creating a stronger, simpler and more competitive Unilever that is better positioned for long-term success".

by | October 08, 2018 | 01:52

Saudi Arabia and Iran are both members of OPEC. West Texas Intermediate for November delivery advanced as much as 61 cents to $74.94 a barrel on the New York Mercantile Exchange and traded at $74.54 at 8:37 a.m. Tight global oil supply in the fourth quarter as a result of Iran's rapidly falling exports and Venezuela's economic collapse have led some analysts to predict Brent futures will surge to $100/b.

by | October 08, 2018 | 01:21

Year-over-year, employment is up by 220,000 jobs or 1.2 per cent. The job gains were also nearly entirely in Ontario and British Columbia, with most other provinces fairly static. Unemployment in the region was recorded at 6 per cent in August. In Yukon, the unemployment rate sits at 3.2 per cent after the territory lost 400 jobs in the third quarter this year, bringing the unemployment rate there up by nearly one per cent.

by | October 08, 2018 | 00:13

Brent crude LCOc1 futures settled at $84.58 a barrel, down 1.98 percent. "That sense of the market's rising discomfort about inflation risks leads me to expect the wage inflation reading within the USA nonfarm payrolls on Friday will be critical to the current sell-off", wrote Brian Daingerfield, macro strategist at NatWest Markets.

by | October 07, 2018 | 20:41

Within healthcare, hospitals showed the most employment growth last month, adding 3,800 more jobs than the 8,200 added in August . S&P Global economist Satyam Panday noted that the three-month average for job gains was 190,000, slightly below the rate of 201,000 over the past year.

by | October 07, 2018 | 17:32

But in light of the prevailing uncertainties, the committee maintained a neutral stance till August. The RBI doesn't have any target or band in mind and acts only to manage volatility. The RBI lowered India's economic growth projection for the first quarter of the 2020 fiscal year to 7.4 per cent from the August projection of 7.5 per cent, while retaining the current year's forecast at 7.4 per cent.

by | October 07, 2018 | 14:11

Merced's single Mattress Firm location was named Friday among the 700 stores to close following the announcement the corporation filed for bankruptcy. The company, founded in 1986, has sales of more than $3 billion. Mattress Firm's parent company has been dealing with its own problems as its stock price has drastically tumbled after it reported accounting irregularities that are being investigated.

by | October 07, 2018 | 12:29

Oil prices have risen as the market braces for sanctions on Iran that kick in on November 4. Saudi Arabia is the only oil producer with significant spare capacity on hand to supply the market if a significant amount of oil is affected by sanctions on Iran that kick in on November 4.

by | October 07, 2018 | 03:00

After years of sluggish pay gains, the economy may be starting to work for America's low-wage workers. Update: Amazon is cutting monthly bonuses and stock awards for employees to raise the minimum wage to $15 per hour. While the EPI acknowledges that real firms could "respond to higher minimum wages in ways that cause divergent effects", it says "what is not in dispute" is that "rising minimum wage has depressed employment opportunities in the most heavily impacted industries".