Business


Oil up over 2% on concerns over Iran, slower United States output growth Oil up over 2% on concerns over Iran, slower United States output growth
- September 13, 2018

Yesterday's close above the key resistance line paves the way for a test of the $80 barrel mark, before a retest of the YTD high. Outside the United States, traders have been focusing on the impact of USA sanctions against Iran that will target oil exports from November. (more...)
Miners Unearth $10 Million In Gold From a Single Blast Miners Unearth $10 Million In Gold From a Single Blast
- September 13, 2018

The second-largest weighed 139 pounds, which yielded around 1,600 ounces of gold valued at $2 million. Senior geologist Zaf Thanos told the Australian Broadcasting Corporation the find at Beta Hut was "a once-in-a-lifetime discovery". Given the significance of this discovery to the exploration potential and value of Beta Hunt for RNC shareholders, as a result of the discovery and related developments, RNC is no longer in exclusive discussions with a preferred bidder for Beta Hunt. (more...)
Jaitley denies meeting Mallya after liquor baron's claims outside London court Jaitley denies meeting Mallya after liquor baron's claims outside London court
- September 13, 2018

The 62-year-old former Kingfisher Airline boss, who has been on bail on an extradition warrant since his arrest in April 2017, is fighting extradition to India on charges of fraud and money laundering amounting to around Rs 9,000 crores. (more...)
Putin tells Abe he hopes for peace treaty this year Putin tells Abe he hopes for peace treaty this year
- September 13, 2018

His comments came just days after confessing that the territorial dispute between Japan and Russian Federation, which has dragged on for decades, was unlikely to be resolved in the near future. Some diplomats said Putin's proposal was a non-starter. "This stance hasn't changed", he added. "It is called trolling". He also suggested that Abe would never accept a deal that would be "political suicide". (more...)
China Likely to Retaliate against US Tariffs with Qualitative Measures China Likely to Retaliate against US Tariffs with Qualitative Measures
- September 13, 2018

The proposed tariffs of up to 25 percent on specific products imported from China to the USA would hit "a wide range of Apple products", the company said, including its Mac mini computer, chargers, adapters, specialized manufacturing machinery and more. (more...)
Household incomes rise to new high, but rate of health coverage flattens
- September 12, 2018

American households recorded median income of $61,372 last year, which marked the first full year of the Trump administration . The 2017 median income is the highest level reported by the Census Bureau, but the agency changed the methodology used to calculate the figure in 2013, complicating comparisons to prior years. (more...)
JPMorgan Chase CEO Says He Could Beat Trump, Quickly Walks It Back JPMorgan Chase CEO Says He Could Beat Trump, Quickly Walks It Back
- September 12, 2018

Proves I wouldn't make a good politician", the Wall Street executive said in a statement . Jamie Dimon , CEO of JPMorgan Chase , takes part in a panel discussion about investing in Detroit at the Kennedy School of Government at Harvard University in Cambridge, Massachusetts, U.S., April 11, 2018. (more...)
How To Watch Apple's iPhone Event Tonight
- September 12, 2018

This is a developing story. Kuo also reiterates that the next iPad Pros, set to be made available in 11in and 12.9in models, will also be the first to feature Face ID, with Apple likely to ditch the physical home button in favour of its mug-scanning tech. (more...)
Apple: iPhone Prices Will Jump 20% If Assembly Shifts to US: BofA Apple: iPhone Prices Will Jump 20% If Assembly Shifts to US: BofA
- September 12, 2018

Trump tweeted over the weekend that the tech giant should manufacture its gadgets in the USA if it wanted to avoid tariffs on Chinese imports, saying an "easy solution" to Apple's problem would be to "start building new plants now". The companies are producing Apple's AirPods wireless headphones, antennas and enclosures for iPhone and other products for the firm. We are still waiting for the "three big plants" that Trump a year ago claimed Apple chief executive Tim Cook had ... (more...)
Apple will livestream its iPhone event on Twitter for the first time Apple will livestream its iPhone event on Twitter for the first time
- September 12, 2018

And, with the information coming directly from Apple's official website sitemap, which has since been taken down (but can still be accessed here), its validity seems beyond doubt. In addition to new models, Apple is also expected to unveil new wireless Airpods earbuds, an Apple Watch with a bigger display and maybe a wireless charging mat. (more...)
Hurricane Florence: President Trump's statement Hurricane Florence: President Trump's statement
- September 12, 2018

Communities in Florence's path could be without electricity for weeks, said Federal Emergency Management Agency Administrator Brock Long. Like Hurricane Harvey - which stalled over Texas in 2017 - Florence could linger over the Southeast for several days after making landfall , bringing prolonged, heavy rain. (more...)
State cuts Value-Added Tax on fuel by Rs. 2 per litre State cuts Value-Added Tax on fuel by Rs. 2 per litre
- September 12, 2018

It would remove a lot of discrepancies that happen when different states have different rates", said an oil industry official. While petrol prices have seen dramatic increase in Delhi and Mumbai , it is in the city of Parbhani that the fuel price is at the highest-level in India. (more...)
Despite Trump's Suggestion, Ford Won't Produce This Vehicle In The US Despite Trump's Suggestion, Ford Won't Produce This Vehicle In The US
- September 12, 2018

Former trade officials have decried US President Donald Trump's understanding of global trade and tariffs after his remarks on Sunday that Ford's decision not to sell an upcoming auto model in the United States was a triumph for the country. (more...)
The US SEC Ceases Trading on Two Exchange-Traded Notes The US SEC Ceases Trading on Two Exchange-Traded Notes
- September 12, 2018

That worry was underscored over the weekend after the U.S. Securities and Exchange Commission temporarily suspended trading in two exchange-traded notes linked to cryptocurrencies and Ethereum co-founder Vitalik Buterin told Bloomberg that the days of explosive growth in the blockchain industry have likely come and gone. (more...)
Saudi Arabia arrests man for posting ‘offensive breakfast video’ with woman Saudi Arabia arrests man for posting ‘offensive breakfast video’ with woman
- September 12, 2018

The man, who is reportedly an Egyptian hotel worker, filmed himself eating breakfast with a female colleague in the hotel where they both work. At one point the woman - who can not be identified as her face is covered by a niqab - feeds the man a piece of food. (more...)
"‘Life-threatening’ Florence spawns first hurricane watches, could bring 30" of rain
- September 11, 2018

Two highways in Beaufort County - U.S. 278 and 21 - were being considered for a lane reversal on Monday. If you have family or friends in that area, please urge them to heed all warnings and evacuation orders and continue to stay tuned to hourly update from reputable sources. (more...)
Former spokesperson: Obama should take credit for economy Former spokesperson: Obama should take credit for economy
- September 11, 2018

In the 70 years since the Labour Department started publishing monthly jobless numbers, the growth rate has been higher than the unemployment level more than 20% of the time when compared with GDP, which is reported quarterly. "We have just begun", Mr. Trump tweeted. World class narcissist and former President, Barack Obama , gave a speech on Friday at the University of Illinois Urbana-Champaign, where he brazenly laid the current state of political division within the country at the ... (more...)
Judge strikes down bill to reduce Toronto council size Judge strikes down bill to reduce Toronto council size
- September 11, 2018

Ontario's Liberals called Ford's decision to invoke the notwithstanding clause unreasonable and said it would lead to "chaos and constitutional mayhem" in Ontario. Keesmaat said that Ford's intention to use the notwithstanding clause to alter the size of council is "deeply concerning" and will likely have "implications across the entire country". (more...)
When Trump added an extra zero in his GDP tweet
- September 11, 2018

But the Obama administration also celebrated economic gains, with a 5.1 percent GDP in the second quarter of 2014 and four quarters of growth above the 4.0 percentage rate. President Trump on Monday mocked former President Obama for betting against the economic boom under Mr. Trump, taunting him with the recent 4.2 percent GDP growth. (more...)
Alibaba's Jack Ma to step down next Sept Alibaba's Jack Ma to step down next Sept
- September 11, 2018

Alibaba said Jack Ma will remain a member of the Alibaba Partnership , a group of 36 people that has the right to nominate a majority of the company's board of directors . "He has understood Chinese consumer needs better than anyone and provided online services to meet them through convenience, entertainment and efficiencies". (more...)
Ford rules out USA production of Focus Active Ford rules out USA production of Focus Active
- September 11, 2018

Chien Bor-yi, an analyst at Taipei-based Cathay Futures Consultant, said Apple's component supply chain in Taiwan would take a major hit if the United States increased tariffs on Chinese imported products. Jon Gabrielsen, a market economist who focuses on the automotive industry, was less kind to the administration when he spoke to the Detroit Free Press on the issue. (more...)
White House adviser admits Trump got his facts wrong in economy tweet
- September 11, 2018

In fact, the GDP has been higher than the unemployment rate more than 20 percent of the time since 1948, according to actual facts. On Monday, CNN's Jim Scutiio panel said that it was embarrassing that President Donald Trump boasted about false unemployment numbers that one of his staff members refuted . (more...)
Ford tells Trump why it won't make China-built auto in US Ford tells Trump why it won't make China-built auto in US
- September 11, 2018

Ford says it has no plans to move production of a small vehicle from China to the United States despite President Donald Trump's enthusiastic tweet Sunday. Ford also wouldn't want to spend millions on equipment to build the Focus Active here because at low sales volumes it wouldn't get a good return on its investment, Dziczek said. (more...)
Rupee weakens further, breaches 72.50 against United States dollar Rupee weakens further, breaches 72.50 against United States dollar
- September 11, 2018

The currency witnessed intense volatility and hit all-time low of 72.64 during morning deals. According to a data released by RBI on Friday, India's current account deficit ( CAD ) widened to $15.8 billion in April-June in value terms this year as against $15 billion in the same quarter of 2017-18, mainly due to a higher trade deficit. (more...)
WH Advisor Admits Trump Lied About GDP
- September 11, 2018

The economy grew at a 4.2 per cent clip in the second quarter, the fastest since the third quarter of 2014 - again, under Obama. "What is true is that it's the highest in 10 years, and at some point, somebody probably conveyed it to him, adding a zero to that, and they shouldn't have done that", Hassert said , the Washington Examiner reported . (more...)
Congress Bharat Bandh evokes mixed response; BJP calls it failure Congress Bharat Bandh evokes mixed response; BJP calls it failure
- September 11, 2018

Petrol price has risen by Rs 3.65 a litre and diesel by Rs 4.06 per litre - the biggest increase in rates witnessed in any month since the launch of daily price revision in mid-June past year. The official said consumers will have to pay for the fuel they use. Reacting to the BJP's barb that the Congress believed in "Breaking India" while the BJP believed in "Make in India" the Congress asked the BJP if that was the case, why did the Modi government cancel the order to manufacture 108 ... (more...)
Apple faces Trump's ire after company says tariffs would hurt products
- September 10, 2018

Shares in Chinese Apple suppliers like Luxshare Precision, Shenzhen Sunway Communication and Suzhou Dongshan Precision Manufacturing all fell by as much as 10 percent, Reuters noted , and Taiwanese suppliers fell by up to 4 percent. Germany's DAX gained 0.4 percent to 12,010. On Friday, the Dow Jones Industrial Average dropped 79.33 points, or 0.31 percent, to 25,916.54. The S&P 500 was down 6.37 points, about 0.2 percent, at 2,871.68. (more...)
Apple says tariffs on Chinese goods will raise prices for United States consumers
- September 10, 2018

Apple, like other tech giants, has benefited from the last year's overhaul to the USA tax code, and the company has committed to returning much of the $252 billion in cash it held overseas. Trump told reporters Friday that the tariffs would "take place very soon". " Ford is proud to employ more USA hourly workers and build more vehicles in the US than any other automaker". (more...)
Petrol, diesel prices increased again; check the rates in your city Petrol, diesel prices increased again; check the rates in your city
- September 10, 2018

Meanwhile, the fuel price has once again spiked by 0.23paisa/litre on diesel and 0.22 paisa/litre on Petrol in Delhi on Monday. Petrol and diesel prices gained 25 paise and 23 paise in Chennai, respectively. The prices of petrol and diesel in other metro cities also went up. This is the biggest increase in rates in any fortnight since the daily price revision was introduced in mid-June a year ago. (more...)
Lyft is rolling out its first electric scooters today Lyft is rolling out its first electric scooters today
- September 10, 2018

The company is also reportedly considering having users lock scooters to existing bike racks when they're finished with a ride to address parking issues. The city will consider their bike sharing program next Thursday at their city council meeting. Companies must also print a notice reading, "No riding on sidewalks" on the vehicles. (more...)

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