Markets

by | August 09, 2019 | 12:36

Decline in China imports last month, highlighting still sluggish domestic demand, although the drop was less than an expected 8.3 per cent and June's 7.3 per cent. China's trade surplus fell to $45.1 billion for the month, from $51.0 billion in June. The U.S. practice has violated its own quantitative standards for currency manipulation, and the Omnibus Foreign Trade and Competitiveness Act of 1988 cited by the U.S.

by | August 09, 2019 | 11:44

While the two were described as " close personal friends " in a 2002 lawsuit, the relationship between them soured after charges of sexual misconduct against Epstein surfaced. Wexner said he believed he could trust Epstein at first based on "friends who vouched for and recommended him as a knowledgeable financial professional".

by | August 09, 2019 | 11:13

Securities and Exchange Commission. In May, the company announced plans to close 200 stores in the United Kingdom. The company believes the closing of the 200 stores will save them approximately $1.5 billion in the next three years. "As previously announced, we are undertaking a transformational cost management program to accelerate the ongoing transformation of our business, enable investments in key areas and to become a more efficient enterprise", said WBA in a statement.

by | August 09, 2019 | 10:49

It also offers Arizona the right to purchase almost $10 million worth of stake in the cannabis company. Details will be finalized within forty-five days, but under a binding letter of intent signed August 2 and announced this morning, Dixie will be granted a license to employ AriZona's trademarks, branding, and other intellectual property.

by | August 09, 2019 | 09:57

Uber continued to spend heavily on sales and marketing, which includes costly promotions created to attract riders and drivers. The ride-hailing giant posted a loss per share of $4.72, compared to a consensus estimate of $3.12 cited by CNBC.

by | August 08, 2019 | 21:58

Passengers said that the incident - which occurred on Monday - was "terrifying" and felt like a "horror film", with travelers shouting that they were unable to breathe. Matt is a London-based writer and reporter for International Flight Network who has been involved in aviation from a very young age. I can't afford to spend £1,000 on two flights.

by | August 08, 2019 | 18:07

Ireland's Office of the Revenue Commissioners is in the process of intensifying its engagement with firms as many that trade with Britain have not yet applied for a customs number to continue doing so after Brexit . Tomorrow she is due to give a speech at the Heritage Foundation in Washington. "However Brexit ultimately shakes out, we'll be on the doorstep hand-in-hand, ready to sign a new free trade agreement at the earliest possible time", Pompeo said.

by | August 08, 2019 | 16:27

What's curious is that FedEx was at pains at that time to emphasize that the "strategic decision" to curb its air-delivery relationship with Amazon didn't affect other business units such as ground or worldwide operations. Rena Lunak, an Amazon spokeswoman, said the company was "constantly innovating to improve the carrier experience and sometimes that means reevaluating our carrier relationships".

by | August 08, 2019 | 16:04

Brent crude futures LCOc1 were down $2.38, or 4%, at $56.56 a barrel by 10:36 a.m. CDT (1536 GMT), setting a fresh seven-month low. Oil in London was little changed on after closing Tuesday more than 20 per cent lower than its late-April peak, meeting the common definition of a bear market.

by | August 08, 2019 | 15:55

Silver also followed the suit and rose by Rs 650 to Rs 43,670 per kg on increased offtake by industrial units and coin makers. "There are just numerous fundamental reasons behind gold's strength and those are adding to today's extension to the upside over $1,500".

by | August 08, 2019 | 08:09

RBNZ Governor Adrian Orr said the risks have risen and the economy needed more stimulus to help counter the weaker outlook. ASB said it was "limiting the interest rate reduction" on its Savings on Call accounts, which now pay 0.1 per cent interest on savings under $25,000, to 5 basis points.

by | August 08, 2019 | 07:43

Rashtriya Swayamsevak Sangh (RSS), widely regarded as the parent organization of ruling party Bharatiya Janata Party in India, said it's unsure of "relying on Huawei". The administration's various announcements regarding Huawei have caused confusion for the Chinese company and among its American suppliers. Minister Prasad told parliament that six proposals have been received for 5G technology trials, including from Huawei.

by | August 08, 2019 | 06:56

The Dow Jones Industrial Average on Tuesday rose 311.78 points, or 1.21 per cent, to 26,029.52; the S&P 500 gained 37.03 points, or 1.30 per cent, to 2,881.77; and the Nasdaq Composite added 107.23 points, or 1.39 per cent, to 7,833.27.

by | August 07, 2019 | 23:46

The digital wallet provider, called Calibra, is a subsidiary of Facebook and there is concern that the data it will collect, such as one's transaction history, could be passed back to Facebook and vice versa. "Given the current plans for a rapid implementation of Libra and Calibra, we are surprised and concerned that this further detail is not yet available", a joint statement to Facebook from the regulators said.

by | August 07, 2019 | 22:44

And in that scenario we'd have to work with competitors, and the government would have to suspend competition laws". The global trade secretary continued that her team was "fast-tracking this deal so that businesses are able to take advantage of the golden opportunity to increase trade with the U.S.as soon as possible".

by | August 07, 2019 | 16:27

Actress Alyssa Milano and venture capitalist Chris Sacca were among the prominent Twitter users to urge Walmart to stop carrying guns. Walmart, scene of two recent gun horrors, is under pressure to use its corporate power to help crack down on the sale of weapons in the US.

by | August 07, 2019 | 15:23

The repo rate was cut to 5.40%. With a massive rate cut this year, banks will be expected to pass on the rate cut by lowering their lending rates possibly lowering the equated monthly instalments (EMI) that individuals pay on home and consumer loans.

by | August 07, 2019 | 12:43

The surprise news came shortly before HSBC reported first-half net profit up 18.6 percent at $8.5 billion (7.6 billion euros) from a year earlier - but cautioned over dark clouds on the horizon. business is not acceptable". HSBC has struggled to win over investors. "Given the prevailing outlook for interest rates and revenue headwinds in [Global Banking and Markets] and [Retail Banking and Wealth Management], we do not expect to achieve our 6 percent return on total equity target in the ...

by | August 07, 2019 | 12:41

These unlock codes can be used to free a handset from AT&T, allowing it to use a SIM and cellular plan from another network. Muhammad Fahd is charged with conspiracy to commit wire fraud, conspiracy to violate the Travel Act and the Computer Fraud and Abuse Act, four counts of wire fraud, two counts of accessing a protected computer in furtherance of fraud, two counts of intentional damage to a protected computer, and four counts of violating the Travel Act.

by | August 07, 2019 | 11:26

For the most part, the bank has in the past only shifted its official cash rate ( OCR ) by 25- basis-point increments. The Monetary Policy Committee agreed that a lower OCR is necessary to continue to meet its employment and inflation objectives.