Markets

by | October 28, 2018 | 22:29

A lower court had dismissed two charges of "conspiring with certain former senior officers and employees of Barclays to commit fraud", Barclays said in May. Individuals still face charges on January 9, 2019. Barclays announced in a short statement this afternoon that the High Court had today denied the SFO's application to reinstate all the charges brought against both Barclays' holding and operating companies over the group's emergency fundraising over the financial crisis.

by | October 28, 2018 | 20:34

A NY state lawsuit against Exxon Mobil for allegedly misleading investors by downplaying the risk climate-change regulations would have on its business is nothing more than a "shakedown", according to Fox News contributor Judge Andrew Napolitano.

by | October 28, 2018 | 14:15

Speaking on the occasion, Ms Debjani Ghosh , President , NASSCOM , said, "The start-up landscape in the country is becoming the epitome of innovation , with companies bringing out solutions that are aimed at solving locally relevant issues".

by | October 28, 2018 | 09:31

Brent for December settlement rose 54 cents to $77.43 on the London-based ICE Futures Europe exchange. West Texas Intermediate for December delivery fell as much as 88 cents to $66.45 a barrel on the New York Mercantile Exchange, and was at $66.68 at 11:18.

by | October 28, 2018 | 08:41

Al-Jubeir addressed the mounting skepticism around the crown prince's alleged involvement. Hillary Mann-Leverett, former USA state department and White House official. Mr Erdogan expressed disbelief that Saudi authorities had not been able to find out where Mr Khashoggi's body was. Riyadh on Saturday (Oct 27) dismissed Ankara's calls to extradite 18 Saudis wanted for the murder of critic Jamal Khashoggi, as Washington warned the crisis risked destabilising the Middle East.

by | October 28, 2018 | 01:15

Bureau of Economic Analysis report Friday. The third-quarter report follows the 4.2 percent growth in the second quarter and is the last major window into the US economy before the midterm elections. There were also decreases in exports of petroleum and nonautomative capital goods. The build in inventories, which many economists had expected to see during the quarter, rose at the fastest pace since 2015.

by | October 27, 2018 | 19:32

Dyson stated last year that a 400-strong, British based engineering team had been secretly working for more than two years on a $2.6 billion project to build an electric auto. The technology company past year revealed that it was developing a auto that would tap its expertise with electric motors and rechargeable batteries and challenge the likes of Tesla.

by | October 27, 2018 | 17:38

They missed out on the $1.5 billion prize, but this group is more than happy with their million. In other local lotto news, a winning $1 million ticket was sold in Tampa , and a 70-year-old Hudson woman claimed $2 million off a Powerball ticket last week.

by | October 27, 2018 | 13:11

Musk told investors on earnings calls that Tesla would be producing between 5,000 and 20,000 Model 3s per month by the end of 2017, the Journal said. Tesla produced roughly 2,700 Model 3 sedans for all of 2017, and the Wall Street Journal reported that the company built just 793 in the final week of December.

by | October 27, 2018 | 07:08

Booming stock markets across the globe, higher property prices and economic growth were responsible for the record high in the wealth held by the world's most affluent people in 2017, a report by the Swiss bank UBS and consultants PwC published on Friday said.

by | October 27, 2018 | 03:44

That's especially important because the federal government's soaring budget deficit could make it harder to borrow to fight a recession.Yellen defended his performance in remarks last week at a mortgage bankers conference in Washington and suggested Trump should back off."I really think it is not a desirable thing for a president to comment so explicitly on Fed policy", she said.

by | October 27, 2018 | 03:01

The production-spec SUV will see stiff competition from the likes of the Nissan Kicks , the Tata Harrier, Renault Captur and the Hyundai Creta , and this means the model should come with premium interiors and a long feature list as well.

by | October 27, 2018 | 02:03

Lexus and Toyota led the pack for the sixth straight year, with Lexus showing predictive reliability across all models. GM's Buick, normally a top-10 finisher, tumbled 11 spots to No. For many auto shoppers, Consumer Reports' reliability testing amounts to a starting point in buying a vehicle. Its models that moved on to the magazine's recommended list included the Cadillac XTS, Chevrolet Cruze and Chevrolet Suburban.

by | October 27, 2018 | 00:58

Bond prices rose as investors sought safety, sending yields lower. The weak results had a pronounced effect on US markets. Twitter soared 12.1 percent to $30.85 and electric vehicle maker Tesla jumped 7.8 percent to $311 after releasing their quarterly reports, while video game maker Take-Two vaulted 7.9 percent to $1219.75 after strong reviews for its latest game, " Red Dead Redemption 2 ".

by | October 26, 2018 | 22:58

Italian debt stands at around 130 percent of the country's gross domestic product (GDP), far above the EU's ceiling of 60 percent, and second only to crisis-hit Greece. Italy' current draft budget proposal for 2019 that planned for a deficit that was equal to 2.4% of the country's annual output, a major increase from the previous centre-left government's deficit goal of just 0.8% of GDP.

by | October 26, 2018 | 21:06

Saudi Arabia has agreed to a joint investigation into Khashoggi's killing with Turkey , allowing a joint search of its consulate in Istanbul days after the journalist's death. This came after Gina Haspel , the head of the Central Intelligence Agency, paid a flying visit to Istanbul where she was given access to the findings so far of the Turkish investigation.

by | October 26, 2018 | 20:16

The $1.6 billion prize reflects the annuity option, paid over 29 years. Yonkers Mayor Mike Spano, along with Stew Leonard, held a press conference Wednesday to announce the winning ticket. In addition to the big jackpot, 36 other tickets matched all five white balls, which is worth $1 million apiece. Mega Millions officially confirmed the victor was in SC when they issued a news release just before 5 a.m.

by | October 26, 2018 | 20:15

Someone in SC is waking up this morning a new billionaire. It's unclear whether there are jackpot winners in other states. Lottery officials say the victor used auto pick to choose their numbers. That flimsy piece of paper is now worth $1.537 billion, just shy of a world-record. Lottery officials had expected to sell 75 percent of them by Tuesday night's drawing, when Mega Millions host John Crow announced the winning numbers.

by | October 26, 2018 | 18:06

Out of that number, 13 were senior managers and above and none received an exit package. Shares in Alphabet, which owns Google, fell more than 3% in NY after it reported revenues of $US33.7bn for the three months to September - slightly less than analysts had expected.

by | October 26, 2018 | 16:26

But earnings from Twitter and Snap Thursday indicate that both are doing a better job of generating revenue from the users that have stuck around. Twitter's efforts to clean up its platform may be working, but it's also resulted in the loss of millions of users.