Markets

by | October 10, 2019 | 17:55

October 9, 2019 ~ Congresswoman Maxine Waters, Chairwoman of the House Financial Services Committee , announced that Facebook Chairman and CEO Mark Zuckerberg will testify before the Committee at an October 23 hearing. "Congress, financial regulators, and potential Libra member companies have been trying hard to get information about risks from Facebook , including promoting crime and terrorism financing, destabilizing the global financial system, interfering with monetary policy, or ...

by | October 10, 2019 | 08:15

Some OECD countries have been pushing for the tech giants to pay tax in all countries where they have users. The proposal - Secretariat Proposal for a Unified Approach - would re-allocate some profits and corresponding taxing rights to countries and jurisdictions where MNEs have their markets.

by | October 10, 2019 | 07:56

Australia's S&P/ASX 200 lost almost 0.1% to 6,543.40, while South Korea's Kospi lost 0.8% to 2,029.23. Tech was the best-performing sector in the S&P 500, gaining more than 1%. The Nasdaq picked up 1% to 7,903.74 and the Russell 2000 index of smaller company stocks added 0.5%, to 1,479.46. But that conflict, which over the last 18 months has broadened to other contentious areas such as technology, state subsidies, human rights, Taiwan and the Hong Kong protests, is also damaging to the ...

by | October 10, 2019 | 04:31

They must have some lovely senior staff meetings over tea and biscuits in the conservatory. Independent travel agent Hays Travel has said it will buy 555 stores from Thomas Cook after the holiday company collapsed late last month. Hays said more than 100 of the new jobs would be based at its Sunderland headquarters, with the rest in shops across the UK. "Thomas Cook was a much-loved brand employing talented people".

by | October 09, 2019 | 17:29

Taiwan stands out in the category of "innovation capability", emerging as the fourth most competitive in the world, following Germany, the USA, and Switzerland. The WEF also said central banks must take some blame for weak productivity, as their trillions of stimulus keep zombie firms alive, sometimes crowding out stronger businesses.

by | October 09, 2019 | 16:39

The fact that it will begin growing again should not be read as an effort to stimulate the economy, Powell said, but rather to meet the public's demand for cash, bank demand for reserves and to carry out other core Fed functions. "The next FOMC meeting is several weeks away, and we will be carefully monitoring incoming information". Federal Reserve Chairman Jerome Powell said Tuesday that US job growth since early previous year was not as robust as thought, a hint that the Fed may be ready ...

by | October 09, 2019 | 15:24

In a sign that Johnson's last-ditch proposals to bridge the Brexit impasse have failed, a Downing Street source said Merkel and Johnson spoke on Tuesday morning and she made clear that a deal was "overwhelmingly unlikely". Parliament is set to be suspended later Tuesday so that a new session can begin next week with a major policy speech from Mr Johnson's Conservative government.

by | October 09, 2019 | 15:24

Bloomberg reported Wednesday that Turkish forces had begun crossing into Syrian territory, citing a Turkish official speaking on condition of anonymity. "Kurds in Syria. should support the Syrian army", state news agency IRNA quoted Rouhani as saying. The Kurds have always been considered as among Washington's most reliable partners in Syria and in the broader campaign against ISIS in the region.

by | October 09, 2019 | 11:40

Unusually, Downing Street then provided a readout of what Merkel reportedly said, provoking an incendiary tweet from EU Council President Donald Tusk. But the BBC's Adam Fleming said there was "scepticism" within the European Union that Mrs Merkel would have used such language. Those who support further delays would "go to the bottom of the queue", including on security issues, the sourced added.

by | October 09, 2019 | 09:40

Andy Carter, the senior winners' adviser at The National Lottery , said: "If the jackpot isn't won on Tuesday, it will roll down into the next prize tier where there is at least one victor". If there are no winners at this level, it will roll down to the next tier of winners and so on. "In an eagerly anticipated draw, there were more than 4.8 million prizes given away in total, but there was only one ticket from all nine participating countries that matched the full winning line to snag the ...

by | October 09, 2019 | 00:03

The National Rifle Association tweeted an article written by right-wing publication Breitbart and wrote: " Dick's Sporting Goods CEO Ed Stack told CBS News that his company destroyed $5 million worth of "assault-style rifles" to keep them out of private hands".

by | October 08, 2019 | 23:06

Mr Johnson spoke to the German chancellor at 8am on Tuesday, but the call saw no progress on the issue of Northern Ireland's status after Brexit and the Irish border. "And I urgently would ask the Prime Minister to take control of this and give us some clarity and some dignity and diplomacy on what is taking place".

by | October 08, 2019 | 22:54

It was set at between 10 and 22% in March when the schedule was first released. The think tank said to the BBC "the government is now adrift without any effective fiscal anchor" and that it would be forced to borrow up to $100bn (€112bn). This would create a debt level of 90 percent if the UK's national income. Prime minister Boris Johnson has also emphasised the importance of government spending programmes being temporary, should the economy not perform as well as expected.

by | October 08, 2019 | 22:26

Samsung's full earnings report will offer us a chance to take a closer look at various different parts of the company, though. Samsung reported gross sales of round 62 trillion Korean gained (£42bn) for the three months to the end of September, down round 5pc one year on one year.

by | October 08, 2019 | 22:02

That was seen as a sign that the sides might reach an agreement as early as the weekend, despite obstacles over pay and job security for new hires. "We are committed to continuing discussions around the clock to reach a resolution", the company said.

by | October 08, 2019 | 21:24

Central banks have been major buyers too, especially in emerging markets. Official purchases will likely continue as protectionist policies and geopolitical concerns add to demand, said Suki Cooper, precious metals analyst at Standard Chartered Bank.

by | October 08, 2019 | 18:32

The number of people in the United States to have died from illnesses linked to e-cigarette use has risen to at least 19, health authorities say, while more than 1,000 others have suffered lung injuries probably linked to vaping. Public and political opinion appears to be hardening, however, with US Government announcing in September it would ban flavoured e-cigarette products - which are particularly attractive to young people - in the coming months.

by | October 08, 2019 | 13:24

The London Stock Exchange Group rejected the offer the next day, however, citing "fundamental flaws" and alleging ties to the Hong Kong government . Refinitiv is 45%-owned by Thomson Reuters TRI.TO which owns Reuters News. The London Stock Exchange could not immediatelybe reached for comment. Li said the HKEX would not ease its global pace after giving up the bid.

by | October 08, 2019 | 12:57

Matterhorn, which involved 150 aircraft from 50 partners worldwide, "required an extraordinary effort from all involved", CAA chief executive Richard Moriarty said in a statement. "I want to thank everyone who has played their part in delivering this enormous undertaking, including the passengers we flew home for bearing with us as we undertook this complex operation, " he said.

by | October 08, 2019 | 10:28

They are a barometer for how the company is performing ahead of releasing its quarterly earnings. The company produced 79,837 of the entry-level vehicle that translates to over 83 percent of the Q3 2019 production. "Looks like the 360k base end of 2019 forecast is commencing to look a bit iffy", Roth Cash Associates analyst Craig Irwin stated. Selling close to 100,000 vehicles in Q4 is a hard challenge for any automaker.