Amazon follows Apple to cross trillion-dollar milestone

It also provides video streaming services and bought upscale supermarket Whole Foods. And its cloud computing services for companies have become its main profit driver. Amazon briefly exceeded $1 trillion in value Tuesday amid growing criticism from ... More..

by | Published more than a month ago
Petrol At A Record High, Oil Minister Blames Falling Rupee: 10 Points
by | Monday, September 03, 2018

Petrol At A Record High, Oil Minister Blames Falling Rupee: 10 Points

This follows a 31 paise/litre hike in prices on September 3. The excise duty has remained unchanged for the past four months but the Value-Added Tax applied on diesel today is Rs 10.12 per litre and that on p...More..

India's GDP grows at 8.2 pct in April-June quarter
by | Sunday, September 02, 2018

India's GDP grows at 8.2 pct in April-June quarter

Principal Economic Adviser in the Ministry of Finance , Sanjeev Sanyal said Saturday that the growth rate will be affected in next reading, but India would remain world's fastest growing major economy ,...More..

Argentina's peso in freefall despite central bank rate hike to 60 percent
by | Sunday, September 02, 2018

Argentina's peso in freefall despite central bank rate hike to 60 percent

International Monetary Fund chief Christine Lagarde said Wednesday she had agreed to Macri's request to speed up disbursement of the loan in a bid to shore up Argentina's battered economy. On Wednesday Mr ...More..

Trump threatens to withdraw US from World Trade Organization
by | Sunday, September 02, 2018

Trump threatens to withdraw US from World Trade Organization

The WTO was established in 1995, replacing the General Agreement on Tariffs and Trade (GATT), that was started by 23 countries in 1948 in order to lower tariffs and promote free trade. It comes as President T...More..

Donald Trump on free trade
by | Saturday, September 01, 2018

Donald Trump on free trade

Auto stocks soared and financial markets firmed on the expectation that Canada would sign on to the deal by the end of the week and ease the economic uncertainty caused by U.S. The fresh round of U.S. The p...More..

Trump cancels pay raise for federal workers
by | Friday, August 31, 2018

Trump cancels pay raise for federal workers

President Trump wants to cancel an automatic pay raise set to take effect next year for federal civilian workers. Cutting the pay increases scheduled for January of 2019 would save the government $25 billion,...More..

Coca-Cola Digs Into Coffee With $5.1 Billion Costa Purchase
by | Friday, August 31, 2018

Coca-Cola Digs Into Coffee With $5.1 Billion Costa Purchase

James Quincey, Coca-Cola President & CEO, said Friday that Costa will give the company " new capabilities and expertise in coffee". "Its global reach should turbo-charge growth in the years to come, and hot ...More..

Vodafone in A$15bn Australian merger
by | Thursday, August 30, 2018

Vodafone in A$15bn Australian merger

The company will be owned 50.1 percent by Vodafone Australia shareholders and 49.9 percent by TPG shareholders, with the two companies to form a joint venture ahead of the upcoming 3.6GHz spectrum auction to jo...More..

Drones and stakeouts: how Tesla 'haters' put pressure on CEO Musk
by | Thursday, August 30, 2018

Drones and stakeouts: how Tesla 'haters' put pressure on CEO Musk

The attorney's letter described Musk's tweets as "false and defamatory". The insinuation here seems to be Unsworth hasn't sued Musk because he is in fact a "pedo" as Musk put it. "According to a subsequent Twit...More..

Only Rs 10,720 crore of banned currency notes not returned post demonetisation
by | Wednesday, August 29, 2018

Only Rs 10,720 crore of banned currency notes not returned post demonetisation

Economic affairs secretary Subhash Chandra Garg today said that with the some key details about the currency culling exercise mentioned in the Reserve Bank of India's ( RBI's ) annual report , the process of ...More..

Larry Kudlow: Canada Should Study Our Deal With Mexico
by | Tuesday, August 28, 2018

Larry Kudlow: Canada Should Study Our Deal With Mexico

Noting the "massive amount of movement of goods between the three countries and the integration of operations", Jay Timmons, president of that National Association of Manufacturers, said "it is imperative that ...More..

NAFTA changes could have oversized impact on Washington
by | Tuesday, August 28, 2018

NAFTA changes could have oversized impact on Washington

The US presidents said he meant to terminate NAFTA while he pursues trade deals with Mexico and starts negotiations with Canada . Trump was joined via phone by Mexico's outgoing president, Enrique Peña ...More..

Oil gains, supported by rising stock market, U.S.-Mexico trade deal
by | Tuesday, August 28, 2018

Oil gains, supported by rising stock market, U.S.-Mexico trade deal

Stephen Innes, head of Asia-Pacific trading at OANDA, said dealers were "in a festive mood" as the deal removed "one major hurdle that has been haunting North American investors for months". The two sides a...More..

Trump announces US-Mexico trade deal
by | Tuesday, August 28, 2018

Trump announces US-Mexico trade deal

At present, Canada and the United States are locked into a trade spat. Trump said in a press conference on Monday that negotiations with Canada would begin "almost immediately", now that discussions with ...More..

Toyota to invest 500 million United States dollars in Uber for Automated Technologies
by | Tuesday, August 28, 2018

Toyota to invest 500 million United States dollars in Uber for Automated Technologies

Since a self-driving Uber SUV killed a pedestrian in Tempe, Arizona, in March, Uber has removed its robot cars from the road, laid off hundreds of test drivers and shuttered operations in Arizona, its autonomou...More..

Saudi reforms to boost growth despite Aramco IPO delay
by | Tuesday, August 28, 2018

Saudi reforms to boost growth despite Aramco IPO delay

Even if the IPO is eventually revived, the Aramco-Sabic deal will allow the kingdom to achieve some of the original aims Crown Prince Mohammed bin Salman set for the jumbo share sale. Ambassador of Saudi Arabia...More..

Trump sets stage for Nafta overhaul with US-Mexico 'understanding'
by | Monday, August 27, 2018

Trump sets stage for Nafta overhaul with US-Mexico 'understanding'

He said the USA, which wants Canada to loosen its protection of the supply-managed dairy industry, has not had "market access conversations with Canada of any substance". "When Mexico sends its people, they're ...More..

AMLO's Oil Stand Keeping US, Mexico From Nafta Agreement
by | Monday, August 27, 2018

AMLO's Oil Stand Keeping US, Mexico From Nafta Agreement

Trump has threatened to withdraw from the 24-year-old trade pact between the United States, Mexico and Canada if it is not reworked to the advantage of USA workers. Canadian officials have argued the bilateral ...More..

Ryanair to introduce hand luggage fees for small suitcases
by | Monday, August 27, 2018

Ryanair to introduce hand luggage fees for small suitcases

Ryanair is changing its carry on baggage rules for the second time this year in a bid to reduce delays. To soften the impact of the new policy, Ryanair is introducing a new lower-cost checked bag fee of €8 ...More..

No-Brexit deal may mean higher cross-border payment costs
by | Monday, August 27, 2018

No-Brexit deal may mean higher cross-border payment costs

And Jane Golding, the group's chair, told Yahoo: "Despite promises to put citizens first, we have had no response to either of our two letters to Brexit Secretary Dominic Raab requesting a meeting... "This wo...More..

Gunman kills two in Florida shooting during video tournament
by | Monday, August 27, 2018

Gunman kills two in Florida shooting during video tournament

Gov. Rick Scott said he had promised Mayor Lenny Curry and other officials in Jacksonville any state support they might need. Witnesses on scene said the shooting was connected to a " Madden NFL" video gam...More..

Fed to continue further, gradual rate hikes: Chair
by | Sunday, August 26, 2018

Fed to continue further, gradual rate hikes: Chair

MSCI's gauge of stocks across the globe gained 0.55 percent while it's emerging market index rose 0.33 percent. Shares in Europe rose, with the pan-European STOXX 600 index .STOXX up 0.2 percent on the day. Mr ...More..

Verizon slowed our data as we fought massive wildfire, chief says
by | Sunday, August 26, 2018

Verizon slowed our data as we fought massive wildfire, chief says

The telecommunication giant also said it will move forward in the coming weeks on a plan that will feature unlimited data without restrictions for public safety officials. "The fire department's concern is ...More..

Trump Org CFO Allen Weisselberg given immunity by prosecutors to testify
by | Sunday, August 26, 2018

Trump Org CFO Allen Weisselberg given immunity by prosecutors to testify

Weisselberg then sent the invoice to another Trump Organization executive via e-mail directing him to "Please pay from the Trust". "David" is apparently David Pecker , a Trump friend who is the chairman an...More..

Oil slips as trade dispute outweighs US stock decline
by | Sunday, August 26, 2018

Oil slips as trade dispute outweighs US stock decline

U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $68.24 per barrel, up 41 cents, or 0.6 percent. While Brent October delivery traded at 74.36 dollars at ICE Futures Exchange, up 1.73 dollars or 2.3...More..

by | Saturday, August 25, 2018

Trump Organization financial chief Weisselberg 'given immunity'

Based on this Wall Street Journal section Mariotti highlighted, it's very likely Weisselberg had to tell Trump how the money was being spent and got sent out. A person familiar with the Trump Organization s...More..

Markets Right Now: Banks, energy stocks pull indexes lower
by | Saturday, August 25, 2018

Markets Right Now: Banks, energy stocks pull indexes lower

The Nasdaq composite rose 29 points, or 0.4 percent, to 7,889. The Nasdaq is up 72.77 points, or 0.9 percent. The Dow Jones Industrial Average . The Dow Jones Industrial Average has grown around 300 per...More..

Mexico, US close to a deal on NAFTA overhaul
by | Saturday, August 25, 2018

Mexico, US close to a deal on NAFTA overhaul

Ministerial talks were expected on Tuesday, but Mexico's top trade official, Economy Minister Ildefonso Guajardo, would not meet with U.S. Trade Representative Robert Lighthizer in Washington until Wednes...More..

Turkey's Erdogan to visit Germany to put relations back on track
by | Friday, August 24, 2018

Turkey's Erdogan to visit Germany to put relations back on track

His comments came after President Donald Trump's national security adviser John Bolton told Reuters that Turkey made a "big mistake" in not releasing Brunson . "Every day that goes by that mistake contin...More..

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