Markets

by | September 19, 2019 | 19:13

The IIHS named the Model 3 a " Top Safety Pick +", the second all-electric vehicle to win that designation this year after the Audi e-tron . The Model 3 electric vehicle earned top "Good" ratings on all six crash tests, as well as a "Good" rating for its headlights from the nation's most rigorous crash-testing authority.

by | September 19, 2019 | 18:49

According to legal documents submitted to a California court, lawyers argue that " pedo guy " was a "common insult" used during Musk's early days in South Africa. And that's how Musk chose to send out a tweet that challenged Unsworth's involvement in the cave rescue and concluded, "Sorry pedo guy , you really did ask for it".

by | September 19, 2019 | 17:26

HKEX made its surprise offer on Wednesday, just two days after its officials traveled to London to present it to LSE Chief Executive David Schwimmer for the first time. The bid shocked markets given that LSE already announced an agreed takeover of data firm Refinitiv for $US27 billion. Hong Kong is entering a fourth month of sometimes violent protests sparked by legislation that would have drawn the former British colony closer to the Chinese legal system.

by | September 19, 2019 | 17:05

When Facebook announced its plans to launch a cryptocurrency and digital wallet in the form of Libra and Calibra earlier this year, it proved rather divisive, with many reluctant to let Zuckerberg and co. This almost-anonymity was in part due to size. The biggest, Tether, is still only a fraction of the size of bitcoin, the biggest cryptocurrency . If even a fraction of Facebook's user base converts to Libra , it's on the path to becoming the largest and most profitable ...

by | September 19, 2019 | 16:28

But the intent to disrupt Netflix's huge lead in the streaming business couldn't be clearer. It traded down 1.8 per cent at US$219 at 2:56 p.m.in NY. With the day's move, Apple further expanded its market capitalization above the $ 1 trillion threshold. In his note, Goldman's Hall said Apple was likely to treat TV+ subscriptions in a similar way, by accounting for it as a discounted bundle of a free service paired with a hardware purchase.

by | September 19, 2019 | 16:17

Oil prices surged Monday after an attack on Saudi Arabia's largest oil processing plant halted output of more than 5 .7 million barrels of crude a day. It is the first time the president has hinted at a potential American military response to the drone attacks, which slashed Saudi oil production by half and led both the kingdom and the United States to announce they may tap their strategic reserves.

by | September 19, 2019 | 16:07

Retail sales and investment gauges worsened too, data released on Monday showed, reinforcing views that China is likely to cut some key interest rates this week for the first time in over three years to prevent a sharper slump in activity.

by | September 19, 2019 | 15:14

Saudi and foreign investors stand in front of the logo of Aramco . The attack on the Saudi Aramco facility halted output of more than half of Saudi Arabia's daily exports. A foreign ministry statement said Riyadh would invite global experts, including from the United Nations, to participate in investigating Saturday's assault, which cut nearly half of Saudi Arabia's oil production.

by | September 19, 2019 | 13:59

Charlotte's average price for a gallon of regular unleaded was $2.32 Tuesday - a 3-cent increase overnight, according to AAA figures provided by Wright. An incident early Saturday morning took out almost 5% of the global daily output. While the Saudi oil facilities are being repaired, the United States is dipping into its Strategic Petroleum Reserve which should help alleviate prices.

by | September 19, 2019 | 13:35

Apple Inc. told a European Union court it was unfairly painted as a tax dodger as it sought to topple a massive EU back-tax bill that's the hallmark of antitrust chief Margrethe Vestager's five-year crackdown on USA tech giants. Paying a typical global tax rate of 26 percent, Apple has stated it's the greatest taxpayer worldwide and is now paying approximately 20 billion euros at U.S.

by | September 19, 2019 | 13:06

Pompeo later held talks with Crown Prince Muhammad Bin Salman, deputy premier and minister of defense, to weigh with the USA ally a response to the strike. The confrontation has sporadically convulsed the Gulf, with the strikes on oil tankers, an American drone and a key pipeline , pushing the region to the brink of open conflict.

by | September 19, 2019 | 12:49

President Trump , . who has been pressuring the Fed to take more sweeping cuts to make the USA economy more competitive.,. immediately took to Twitter following the announcement, . "So our obligation is to use our tools to support the economy, and that's what we'll continue to do". In a rare move, the Fed's own benchmark fed funds target rate rose to 2.3% on Tuesday, above the target range set when it cut rates at its last meeting in July...

by | September 18, 2019 | 21:19

France has been trying to find a diplomatic solution to the tensions between Iran and the United States , so any conclusion they draw could be used to show what a third-party assessed happened. Speaking on BBC Radio 4's Today Programme, Dr Fox said he believed it was becoming increasingly clear that Iran is to blame for the attacks. Saria said the attacks were launched from three locations.

by | September 17, 2019 | 21:18

But tensions roiling the Gulf have escalated following an attack on two Saudi Aramco oil sites that the USA said Iran was responsible for. This is not a new position by the Islamic Republic leader, who has consistently opposed talk since the United States withdrew from the 2015 nuclear deal and reimposed tough sanctions on Iran.

by | September 17, 2019 | 19:53

Bank Islam Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said higher oil prices are a boon to the government but it needs to strike the right balance on whether to spend for long-term investments such as development expenditure or short-term remedies such as subsidies or cash transfers.

by | September 17, 2019 | 17:02

Saudi Aramco is firing up idle offshore oil fields - part of its cushion of spare capacity - to replace some of the lost production, one person said . Wherever the attacks were launched , however, they believe Iran is to blame. The stock markets not only house oil. Earlier estimates had suggested it could take weeks.

by | September 17, 2019 | 13:08

Iran will never hold one-on-one talks with the United States , but could engage in multilateral discussions if Washington returns to the 2015 nuclear deal, Supreme Leader Ayatollah Ali Khamenei said on Tuesday, according to state TV. In one of a salvo of morning tweets on a wide range of topics, Trump noted that Iran had lied in the past about its military operations. Back in November, Trump defended Saudi Arabia in regards to the murder of journalist Jamal Khashoggi.

by | September 16, 2019 | 13:32

Trump in another tweet on Sunday said that his administration is waiting to hear from Saudi Arabia as to who they believe was the cause of this attack, and under what terms the United States would proceed. In a statement Saturday night, the department said Energy Secretary Rick Perry has also directed department leadership to work with the International Energy Agency on potential available options for collective global action if needed.

by | September 16, 2019 | 12:10

A report from CNN said Houthi rebels took responsibility for the attack. It's being described as an unprecedented attack on the world's energy supply. "Work is underway to restore production and a progress update will be provided in around 48 hours". Aramco has said it will dip into its reserves to offset the disruption, but the incident could affect investor confidence as its stock market debut looms.

by | September 13, 2019 | 21:00

Chevrolet Suburban - There are 202,634 of this vehicle with model years ranging from 2015 to 2018 included in the recall. As the pumps in the power-assist brakes put out less vacuum power than is needed, "customers may experience increased brake pedal effort, hard brake pedal, and/or potentially increased stopping distance".