Business


Trump ‘not thrilled’ with Fed chairman over interest rate hikes Trump ‘not thrilled’ with Fed chairman over interest rate hikes
- August 22, 2018

Trump said to Reuters about Powell. Mr. Trump previously criticized the Fed this summer , breaking with decades of presidential convention. "I am not happy about it". "As he said he considers the Federal Reserve Board Chair Jerome Powell a very good man and that he is not interfering with Fed policy decisions". But during this period of time I should be given some help by the Fed . (more...)
JP Morgan preps investing app with free trades JP Morgan preps investing app with free trades
- August 22, 2018

CNBC reported details of the new product on Tuesday. The bank plans two services, You Invest Trade, giving users "total control of their trading" and You Invest Portfolios, which is more geared toward people who need assistance. Shares of brokerage firms took the JPMorgan news on the chin. Shares of JPMorgan rose 1.5 per cent to US$116.33, while Charles Schwab fell 2.0 per cent and TD Ameritrade slumped 6.1 per cent. (more...)
US and Turkey talking tough US and Turkey talking tough
- August 22, 2018

It's certainly not helpful but we'll actually see what develops from their pledge", he said. An attack on the Turkish economy is no different from a strike against the flag, President Recep Tayyip Erdogan said, referring to United States economic pressure on his country. (more...)
Read Michael Cohen’s full plea deal outlining his campaign finance violations Read Michael Cohen’s full plea deal outlining his campaign finance violations
- August 22, 2018

Cohen, who worked as Trump's personal attorney at the Trump Organization, continued to advise the president after the election, but their relationship has frayed in recent months. A month ago, it looked as if Cohen was prepared to reach an agreement in which he would cooperate with federal prosecutors. Paul Manafort has been found guilty of eight financial crime charges in the first trial victory for special counsel Robert Mueller's team. (more...)
U.S. Sanctions Russian Ships for North Korea Trade Amid Tensions
- August 22, 2018

The Trump administration has imposed new sanctions against two Russian shipping companies and six vessels for violating the UN Security Council resolutions. The Treasury said Primorye Maritime Logistics Co. and Gudzon Shipping Co. own a tanker, the M/V Patriot, which conducted ship-to-ship transfers of oil to North Korea tankers twice earlier this year. (more...)
Trump vows 'no concessions' with Turkey over detained U.S. pastor Trump vows 'no concessions' with Turkey over detained U.S. pastor
- August 22, 2018

They are now holding our wonderful Christian Pastor, who I must now ask to represent our Country as a great patriot hostage", he wrote. "There will be no concessions", he said. But it can't be a one-way street. Howard Beasey, president and CEO of the American Turkish Council, said a $300 million merger and acquisition deal by a Turkish firm in the United States was suspended last week over political uncertainty. (more...)
Britain and the United Kingdom step up Brexit negotiations with 'continuous' talks Britain and the United Kingdom step up Brexit negotiations with 'continuous' talks
- August 22, 2018

The EU is based on principles, on values, on laws'. "Why would you? The UK is leaving the European Union, it's not the other way round". Mr Barnier added that the two sides are more "advanced" in defining the common ground for foreign policy and security than the economic relationship. (more...)
Trump Won’t Acknowledge the Independence of the Fed Trump Won’t Acknowledge the Independence of the Fed
- August 22, 2018

The benchmark United States interest rate, which plays a large role in setting borrowing costs for mortgages, credit cards, small business and auto loans, was set at a range of 0.5 per cent to 0.75 per cent when Trump was sworn in. "The dollar has slipped in response to President Trump's comments, though the underlying upward trend remains intact", VTB Capital economist Neil MacKinnon said on Tuesday. (more...)
Iran oil minister: French oil giant Total pulls out of Iran Iran oil minister: French oil giant Total pulls out of Iran
- August 22, 2018

French oil and gas major Total has officially left Iran due to the threat of secondary sanctions from the United States if it were to continue to do business with Tehran , Iranian state television reported on Monday, citing oil minister Bijan Zanganeh. (more...)
United Kingdom to Call for More Sanctions on Russian Federation United Kingdom to Call for More Sanctions on Russian Federation
- August 22, 2018

Britain on Tuesday will call for the European Union to increase sanctions against Russian Federation, saying the bloc had to stand "shoulder to shoulder" with the United States, which hit Moscow with new economic curbs this month. The U.K. and its key allies, including the USA, have blamed Russian Federation for the attack. It has promised more hard-hitting measures unless Russian Federation gave "reliable assurances" it would no longer use chemical weapons. (more...)
Gold prices extend gains as dollar sags after Donald Trump remarks
- August 21, 2018

The White House has historically stayed out of Federal Reserve matters because its independence has been seen as important for economic stability. "The dollar has slipped in response to President Trump's comments, though the underlying upward trend remains intact", VTB Capital economist Neil MacKinnon said on Tuesday. (more...)
Plane With 2 Blown Tires Attempting To Make Emergency Landing Plane With 2 Blown Tires Attempting To Make Emergency Landing
- August 21, 2018

Post Malone , who sports numerous face tattoos, won song of the Year for "Rockstar" at the Video Music Awards last night. A plane has been diverted after it blew two tires as it took off Monday morning, the Federal Aviation Administration (FAA) said. (more...)
Jon Stewart helps rescue two goats found roaming on Brooklyn subway tracks Jon Stewart helps rescue two goats found roaming on Brooklyn subway tracks
- August 21, 2018

The pair were apparently captured with the help of U.S. comedian Jon Stewart and his wife Tracey, who transported them to a nearby animal shelter. Officials stopped trains to safely remove the cat. The New York Times reported that veteran comedian and former late-night host Jon Stewart helped with the rescue of the two goats, who were sedated and sent to Farm Sanctuary, a facility run by the comedian's wife Tracey in upstate New York. (more...)
PepsiCo Breaks Out The Bubbly With $3.2 Billion Deal For SodaStream PepsiCo Breaks Out The Bubbly With $3.2 Billion Deal For SodaStream
- August 20, 2018

Purchasing the Israeli company, known for DIY seltzer makers like the SodaStream Mix , will push Pepsi's image in a health-focused direction, according to CNN . If regulators approve the deal, it is expected to be finalised by January 2019, subject to a vote by Sodastream shareholders. Buying SodaStream will further boost Pepsi's health credentials. (more...)
Why you shouldn't be flushing your contact lenses
- August 20, 2018

About 45 million people in the US alone use contact lenses, according to a survey conducted by the researchers, and between 15 percent and 20 percent of those users said they flush their used lenses down the toilet or sink. It's another form of plastic affecting our environment. "This is a pretty large number, considering roughly 45 million people in the USA alone wear contact lenses", said Rolsky. (more...)
Gatwick resorts to whiteboards for flight information after IT crash Gatwick resorts to whiteboards for flight information after IT crash
- August 20, 2018

Both the north and south terminals at Gatwick Airport, London, were affected by an IT failure that led to its screens not working, the airport tweeted around 8:30 a.m . "Due to an ongoing issue with Vodafone (VOD.L) - a provider of IT services for Gatwick - flight information is not being displayed correctly on the airport's digital screens and is now being displayed manually in the terminals", the airport said in a statement. (more...)
Stocks in Toronto close higher, inflation report helps boost Canadian dollar Stocks in Toronto close higher, inflation report helps boost Canadian dollar
- August 20, 2018

Those second-quarter GDP figures will come out on August 30. All eight major components of the consumer price index rose on a year-over-year basis from July 2017 to July 2018, helping to push the inflation rate higher. The report says that a 25.4 percent increase in the price of gasoline and a 28.2 percent increase in the cost of air transportation compared with a year ago helped push overall prices higher. (more...)
Mexico bilateral NAFTA issues may be resolved next week: minister Mexico bilateral NAFTA issues may be resolved next week: minister
- August 20, 2018

But some observers have argued Ottawa has been frozen out of the critical NAFTA negotiations and could eventually be forced into accepting a deal reached between its continental partners. "We have much better alternatives than that, you understand?" NAFTA has been a disaster for our country'. The ministers will meet again on Tuesday, he said. (more...)
Twitter is rethinking core elements of its flawed platform Twitter is rethinking core elements of its flawed platform
- August 19, 2018

Twitter is joining other prominent tech companies in muzzling Alex Jones , the right-wing conspiracy theorist who's used the tech services to spread false information. The Infowars account repeated the same content that Jones had posted on Tuesday night and the company took a similar action on Wednesday, the spokesman said. (more...)
U.S., Mexico, Close to Reaching NAFTA Deal U.S., Mexico, Close to Reaching NAFTA Deal
- August 19, 2018

Trump told Lighthizer he was in no rush for a resolution over the pact and to walk away from talks if need be. "Their tariffs are too high, their barriers are too strong, so we're not even talking to them right now". The key issues the US and Mexico are working on include what percentage of auto industry components need to be made in North America to avoid tariffs, and how many cars and trucks need to be made in factories paying higher wages. (more...)
Postal worker finds huge 8-foot python lounging on mailbox Postal worker finds huge 8-foot python lounging on mailbox
- August 19, 2018

The Overland Park Police Department says a mail carrier alerted animal control to a rather large ball python slithering around their mailbox. "The poor resident did not receive their mail today (obviously)", police tweeted. A snake expert told officers that it was obvious the python had been cared for. A postal worker discovered the out-of-place snake during his typical route Friday. (more...)
Shoppers mock Coles' 'Down, down' slogan amid nationwide shutdown Shoppers mock Coles' 'Down, down' slogan amid nationwide shutdown
- August 19, 2018

This morning Coles supermarket stores were closed amid a nationwide computer outage, and shoppers reacted to the debacle using the company's marketing line. 'We thank customers for their patience during this time and would like to assure them that we are working hard to ensure all of our stores are open again as soon as possible'. (more...)
Turkey's Erdogan says to challenge 'games' on the economy
- August 19, 2018

Erdogan told thousands of supporters in Ankara that Turkey is "threatened by the economy, sanctions, foreign currency, interest rates and inflation", The Associated Press reported. The lira's value dropped 38 percent against the dollar since the beginning of the year and sunk as low as 7.24 this week. The collapse of the currency has been blamed both on the tensions with the United States and Erdogan's increasing hold on Turkey's economy and his refusal to allow the central bank to raise ... (more...)
Air Canada exec to become new CEO of Air France-KLM Air Canada exec to become new CEO of Air France-KLM
- August 19, 2018

Janaillac staked his job on a staff vote on his plans - and lost. "Thus, yes, there's a strong risk of strikes if Ben Smith isn't capable of renewing a dialogue with the unions of Air France". Widely tipped in the French media to be unveiled as the new CEO later on Thursday after a board meeting, Smith won approval from the French government which retains influence over the group through its 14.3-percent shareholding. (more...)
Wall St rallies on solid earnings, U.S.-China trade talks Wall St rallies on solid earnings, U.S.-China trade talks
- August 19, 2018

About 25 minutes into trading, the Dow Jones Industrial Average was up 1.3% at 25 491.45. USA stocks rose in a broad-based rally on Thursday, helped by robust earnings from Walmart and Cisco and easing trade worries after China and the United States said they would hold talks later this month. (more...)
Tesla Canada Sues Province of Ontario for Abruptly Cancelling EV Incentive Program Tesla Canada Sues Province of Ontario for Abruptly Cancelling EV Incentive Program
- August 19, 2018

As has been reported here, the newly-elected Conservative provincial government cancelled Ontario cap-and-trade program in a quest to fulfill premier Doug Ford's promise to reduce the price of gasoline by as much as 10 cents a litre and with it, "all programs funded out of cap-and-trade carbon tax revenues". (more...)
Central Otago $22.3m Lotto winner claims prize Central Otago $22.3m Lotto winner claims prize
- August 19, 2018

Minutes before the draw was aired on TV, the site's error page declared: "It's not you, it's us!" The Lott spokesman Matt Hart encouraged those who bought an entry in the region to check their tickets. "I thought that would be pretty sweet, so I bought a ticket through the Lotto NZ App and didn't think any more of it", said the victor. Australian Gambling Research Centre manager Rebecca Jenkinson said three factors were at play in luring people to play a lottery. (more...)
Chipotle to retrain workers after Ohio illnesses Chipotle to retrain workers after Ohio illnesses
- August 19, 2018

Health officials said 647 people had self-reported gastrointestinal symptoms after eating there between July 26 and July 30. The Delaware General Health District said Thursday that food samples from the store tested negative for clostridium perfringens , but stool samples came back positive for the toxin it forms. (more...)
Trump sets wheels in motion to abolish quarterly reporting rule Trump sets wheels in motion to abolish quarterly reporting rule
- August 19, 2018

Others said quarterly disclosures are essential for investment decisions and support richer USA stock valuations, and that a change could make shares more volatile. "Changing the reporting period is not going to change that". "You're dramatically increasing the temptation for people to trade" on inside information, he said. (more...)
Scientists finally crack the code of the wheat genome Scientists finally crack the code of the wheat genome
- August 19, 2018

The research effort involved 73 institutes in 20 countries and will allow the faster breeding and production of new wheat varieties, including those that are drought and frost tolerant. Wheat is expected to improve over the next few decades as a result of the high-quality genome sequence. It also lists the location of 107,891 genes, more than 4 million molecular markers, as well as sequence elements between the genes that regulate their expression. (more...)

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