Markets

by | January 07, 2019 | 21:37

Two people familiar with Kim's announcement to the World Bank executive board said he was leaving of his own accord and was "not pushed out" by the Trump administration. He was first elected president in 2010 and got reelected in 2017 for another 5-year term. Dr Kim was nominated to the post for two terms by former USA president Barack Obama, and advocated financing for green energy projects while dropping support for coal power investments.

by | January 07, 2019 | 19:53

News of the possibly bankruptcy filing sent shares of PG&E plummeting in after-hours trading on Friday. A bankruptcy filing is not certain, the sources said . It would extend legislation that allows PG&E to issue bonds to pay off the costs tied to the 2017 blazes. Earlier last month, the California Public Utilities Commission (CPUC) opened a proceeding to consider penalties against the company, ordering immediate action against the utility for falsifying safety documents for natural gas ...

by | January 07, 2019 | 17:48

Saturday night's Irish lotto jackpot of €3,515,495 had no winners, with the biggest winners of the main draw being the 25 players who matched five numbers and won €1,307. She plans to buy a new house and travel. She said: "My husband didn't believe me at first, so we checked it again online and we matched all the numbers".

by | January 07, 2019 | 13:25

She said these involved new measures specific to Northern Ireland, a greater role for Parliament in shaping the Brexit process and further assurances from Brussels, with the last yet to be finalised. Conservative MP Dame Caroline Spelman, who helped organise the letter alongside Labour MP Jack Dromey, said a no-deal Brexit would hit the economy and cause job losses.

by | January 07, 2019 | 13:20

Delegates from the United States and China on Monday began the crucial face-to-face negotiations here to ease a bitter trade war between the world's two largest economies amid growing concerns about China's slowing economy and its impact on American businesses.

by | January 07, 2019 | 07:55

Tesla Inc. has yet to obtain approval from authorities in Europe to begin selling the Model 3 in the region, though this isn't expected to impede the carmaker from starting deliveries next month, according to a person familiar with the matter.

by | January 07, 2019 | 03:13

The main catalysts for the surge were the monthly US payrolls report , which blew past economists' forecasts with the largest number of jobs created in 10 months, and comments by the Fed's Powell. The Dow Jones industrial average was up around 700 points near the close. "Average hourly earnings moved up and that's quite welcome and also for me at this time does not raise concerns about too-high inflation", he said.

by | January 07, 2019 | 01:02

After taking an impromptu late-night tour of the L train's underwater tunnel last month, the governor made a decision to develop his own approach to rebuilding the tunnel beneath the East River. The new plan calls for installing cables on racks along the inside of the tunnels, and leaving the old cables where they are. During the scheduled shutdown, about 15 percent of riders were expected to take bus service, which was set to be enhanced, and 70 percent of the regular riders were expected ...

by | January 06, 2019 | 23:53

The most recent inflation data from November using the Federal Reserve's preferred Personal Consumption Expenditure (PCE) price index found that prices increased by 1.8 percent - suggesting that real wages are rising (December inflation data will be available later this month).

by | January 06, 2019 | 23:24

It is now available in 950 selected stores in the United Kingdom starting today and only costs £1. "We love Dundee - maybe they'll be there one day". The vegan sausage has been created by the bakery chain alongside plant-based experts Quorn using mycoprotein, and paired with a delicious seasoning combination, it made me double check I'd not been handed the usual version in a bad error as I bit into it.

by | January 06, 2019 | 23:09

The Bank of Canada has raised rates five times since July 2017 as the economy strengthens but analysts say there is no chance it will tighten again on January 9. Bank of Canada Governor Stephen Poloz said on December 17 that the pace of tightening, which he stresses will be heavily dependent on data, could be interrupted or sped up depending on the economic circumstances.

by | January 06, 2019 | 22:58

It is still investigating how many stolen payment card numbers were not encrypted. Following a November announcement about a hack to its Starwood reservations database, Marriott provided an update to customers Friday. The company also found that in some cases, the same customer had more than one record within the database. It's less than the original reported estimate, but still the largest personal data breaches in history , more than double the 147.7 million Americans' data ...

by | January 06, 2019 | 22:09

Analysts at Macquarie Capital said that the rate cut shows government efforts to support the economy have now moved to the "second level" and should signal to investors that more stimulus is in the pipeline. The monetary policy transmission mechanisms will be further smoothed out while the proportion of direct financing will be increased to make financing more accessible and affordable for the private sector and small businesses, according to a statement issued after the meeting.

by | January 06, 2019 | 20:44

The move includes 782,000 vehicles in the USA, and is part of the largest series of recalls in US history. 2010-12 Ford Fusion, 2010-12 Lincoln MKZ and 2010-11 Mercury Milan vehicles built at Hermosillo Assembly Plant in Mexico between July 3, 2008, to July 29, 2012.

by | January 06, 2019 | 20:12

Production declines from Saudi Arabia to Libya also buoyed a market that plummeted previous year on fears of a supply glut. Booming U.S. shale production and growing stockpiles also crimped the nation's appetite for imported crude. counterparts next week, thus signaling a prospective alleviating of the China-U.S. trade war, a new survey from the Institute for Supply Management showed U.S.

by | January 06, 2019 | 18:01

The concept is called QX Inspiration and is meant to be a high-performance electrified vehicle. As you can see, the QX Inspiration boasts a sharp and futuristic exterior with a high shoulder line. The cabin will also feature driver assistance and connectivity technology, which are reportedly imbued with the "Japanese hospitality principle of omotenashi ".

by | January 06, 2019 | 17:58

By "Fat Cat Friday" bosses will have earned more than the typical annual United Kingdom salary of £29,574, the report said. "Executive pay committees have to change". Peter Cheese, chief executive of the CIPD, said: "Average pay has stagnated whilst top CEO reward has grown, despite overall slow economic growth and very variable business performance".

by | January 06, 2019 | 17:12

Gatwick said the new equipment had been in place for over a week. The "military capability" used to stop drones disrupting flights at Gatwick has been removed, the Ministry of Defence has confirmed. The authority has never had a drones policy but says now is the "appropriate" time to do so due to "a growing number of issues with this type of activity".

by | January 06, 2019 | 17:01

But the wage growth could worry investors who were hoping the Federal Reserve might pull back on its interest rate hikes. "The labor market is as strong as it's been since pre-crisis times", said Michael Gapen, chief USA economist at Barclays Plc.

by | January 06, 2019 | 16:43

AirlineRatings.com - the world's only airline safety and product rating agency - selected Qantas as the top airline, while Virgin Australia and Air New Zealand made the top 20 and Jetstar was in the top low-priced airlines for safety.