Markets

by | September 03, 2019 | 20:11

Sterling dropped 0.3% to $1.2130 in early London trading, while against the euro it weakened 0.2% to 90.52 pence. It was down 0.4% on the euro ( GBPEUR=X ) at just over €1.10. "We could feasibly see 1.15 (US dollars) or even 1.10 in the coming weeks if traders decide to move against the pound". He added: "The outlook for sterling may well worsen if there is an election and will certainly deteriorate if it's a no-deal".

by | September 03, 2019 | 19:01

Mersch is the latest European Central Bank representative to vent over the threat posed by Libra to conventional money systems. The speech was aimed squarely at the cryptocurrency project of Facebook and its Libra Association partners, but Mersch also took a sideswipe at cryptoassets in general, making very unfavorable comparisons between cryptos and currencies issued and backed by central banks.

by | September 03, 2019 | 18:46

During April-July, these sectors had grown by just 3% compared to 5.9% in the same period a year ago. However, fertiliser output marginally increased by 1.5 per cent in July as against 1.3 per cent in July a year ago. The growth in May was 4.3%, while the cumulative growth for April-June was 3.5%. However, fertiliser output marginally grew by 1.5 per cent in July as against 1.3 per cent in July 2018.

by | September 03, 2019 | 18:33

Being in terminal A at EWR about to board my flight when a flight attendant starts screaming evacuate. Passengers ultimately faced "no threat" after police descended on the terminal, tactical rifles at the ready, following a "false report", the New York Times reported.

by | September 03, 2019 | 13:37

Zao's soaring popularity comes amid growing concern over deepfakes - which are altered by using artificial intelligence to appear genuine. According to a post from the app makers on China's Twitter-like Weibo, ZAO's servers almost crashed due to the surge in traffic.

by | September 03, 2019 | 13:10

He said he was scammed out of $25 by a man claiming to be a Popeyes employee who said he was selling sandwiches behind a restaurant. Since going viral, the popular Louisiana Kitchen menu item has now disappeared from all locations upsetting those who still have not gotten the chance to savor the delectable fast food treat.

by | September 03, 2019 | 10:43

While an improvement on July, that month's reading was the euro zone's lowest since December 2012. Anything above 50.0 separates economic growth from contraction. "Challenging demand conditions persisted in August, with intense competitive pressures, reduced workloads from clients in other key export markets and global trade war worries reported as drags on sales", IHS Markit said.

by | September 03, 2019 | 10:23

Argentina's worldwide dollar bonds dropped to record lows and its financial stocks tumbled after President Mauricio Macri re-imposed capital controls on Sunday as the country battled to avoid its ninth sovereign default. Washington moved ahead Sunday with new tariffs on Chinese imports as it stepped up a high-pressure campaign aimed at coercing Beijing to sign a new trade deal.

by | September 03, 2019 | 08:26

Despite the United States tariffs on China-sourced wearable devices taking effect September 1, Taiwanese PCB makers are expected to see their shipments of rigid-flex boards for AirPods remain strong through the end of 2019 on brisk demand for such earphones, according to supply chain sources.

by | September 03, 2019 | 07:38

The private tarmac features a high-speed circuit with 5.4 miles worth of straight road, well enough to allow the Chiron Sport to reach its theoretical top speed of 261 miles per hour. The record-breaking run was verified by Germany's Technical Inspection Association (TÜV), placing the Chiron above other really fast cars like the SSC Ultimate Aero (412.282 km/h or 256.18 mph two-way average), Hennessey Venom GT (435.111 km/h or 270.49 mph vmax) and Koenigsegg Agera RS (457.939 km/h or ...

by | September 03, 2019 | 07:26

This was before Trump raised the September 1 and December 15 tariffs up by 5%. Despite the fresh tariffs, both sides appear to be on track for face-to-face negotiations to begin again this month. J.P. Morgan suggests that the tariffs will cost the typical US household $1,000 a year. That estimate is in the low range because it was based on a duty rate of 10%, before Trump increased it to 15%.

by | September 02, 2019 | 20:37

The measure, which is scheduled to be in place through the end of the year, means major exporters, which will need permission from the central bank to access the FX market to purchase foreign currency and make transfers overseas. Fernandez is now the front-runner for Argentina's upcoming presidential election in October. The South American country's global dollar and euro-denominated bonds also fell to record lows on Monday while its financial stocks tumbled and risk premiums shot up after ...

by | September 02, 2019 | 19:26

The slowdown in inventory accumulation reflects robust consumer spending. Spending by households, which accounts for about 70 percent of economic growth, accelerated in the April-June quarter to its fastest pace in almost five years. The deterioration in trade relations between the two economic giants has roiled global stock markets and triggered an inversion of the U.S. Treasury yield curve, fanning fears that the longest economic expansion in history was in danger of being interrupted by a ...

by | September 02, 2019 | 17:06

Washington and Beijing are deadlocked in talks over USA complaints about China's trade surplus and industry plans, which its trading partners say are based on stealing or pressuring companies to hand over technology. The 2-year Treasury yield rose to 1.53% from 1.55% the day before. Shares of Estee Lauder Cos Inc EL.N , e.l.f. Beauty Inc ELF.N and Coty Inc COTY.N dropped between 0.5% and 1.3%.

by | September 02, 2019 | 11:42

The hovering storm is predicted to bring storm surge that will raise water levels 15 to 20 feet above normal and deliver rainfall in excess of 20 inches, meteorologists say. Because it would just take a small shift in Dorian's track for hazardous winds to reach Florida's east coast, a tropical storm warning was issued for the zone from Deerfield Beach, just north Fort Lauderdale, to Sebastian Inlet, just south of Melbourne.

by | September 02, 2019 | 07:56

This access to Dorsey's account by a hacker is not the first time. "This might be the only way to get rid of racist tweets on this platform", a Twitter user commented. If the account of Twitter's CEO was compromised then how can others account be secured? Cloudhopper empowers users to ship tweets in their mobiles via SMS.

by | September 01, 2019 | 22:13

Past year a group of activists asked the FTC to look into the matter. At the time of posting, both the FTC and Google declined to comment to Politico . Within days of launching its YouTube Kids site and adding more age categories to the Kids app, YouTube is settling with the Federal Trade Commission over child privacy violations.

by | September 01, 2019 | 22:10

And it wouldn't be an Aquaman ride without some splashing. This wild coaster will ride along a slim, single rail with a giant drop, twists and turns, and all kinds of scariness. Six Flags Entertainment has a 1 year low of $46.68 and a 1 year high of $72.39. A delusional creep posing as a federal agent adopted a girl from New Jersey's Six Flags Nice Journey to a grocery store auto parking zone - after which insisted to cops he was a G-man, and had the credentials to show it: a coupon from ...

by | September 01, 2019 | 19:54

The cars will still be staffed with a human driver, he said, adding that more than 30 different types of auto models will be offered in the pilot service, all equipped with so-called Level-4 autonomous driving capabilities. Didi is not the first. In the U.S., Uber revealed its newest self-driving vehicle in June, while Waymo has been treading this path for some time now.

by | September 01, 2019 | 18:16

Humans created cars and it's stupid to compete with a vehicle to see which one runs faster, Ma said, adding that unlike some people who are very sad that computers are surpassing human chess players, he thinks "we should do things we're good at" instead of competing and comparing ourselves to computers.