Oil ends week higher ahead of Iran sactions

The loss was of about 1.6%, but is expected to rise 2.5% for the week. Brent crude was up 40 cents to $85.20 a barrel at 4:51pm (Oct 3) in London. In its latest review last month, the Energy Regulatory Commission lowered oil prices on the backdro... More..

by | Published 7 days ago
by | Monday, October 08, 2018

USA unemployment rate falls but earnings inequality widens

The U.S. economy added 134,000 jobs in September below analysts' expectations while the unemployment rate was 3.7 percent, the lowest since 1969. Numerous newly created jobs have been taken by independent contr...More..

India's rupee hits new record low as RBI holds rates
by | Sunday, October 07, 2018

India's rupee hits new record low as RBI holds rates

The MPC ( Monetary Policy Committee) statement of keeping the rates unchanged has come as a pleasant surprise to everyone since there was a consequent hike during the last two meetings. "Against this backdro...More..

Saudi king won’t last two weeks without US support
by | Sunday, October 07, 2018

Saudi king won’t last two weeks without US support

That would be a record level, noted analysts at Commerzbank. President Donald Trump says Saudi Arabia's king "might not be there for two weeks" without USA military support, further increasing his pressur...More..

United States unemployment falls to 48-year low in September
by | Sunday, October 07, 2018

United States unemployment falls to 48-year low in September

Pointing to the economy's health, the Fed last week raised its benchmark short-term rate and predicted that it would continue to tighten credit into 2020 to manage growth and inflation. Average hourly earnings ...More..

Theresa May to tell conference
by | Sunday, October 07, 2018

Theresa May to tell conference

His remarks came one day ahead of the long-expected speech of the Prime Minister at the Conservative Party conference in Birmingham , Xinhua news agency reported. Whereas I have never been a huge fan of "att...More..

In Chandigarh, Fuel Prices Cut By 1.5 Per Litre
by | Saturday, October 06, 2018

In Chandigarh, Fuel Prices Cut By 1.5 Per Litre

Kerala Finance Minister Thomas Isaac however, said his government would not cut fuel prices, News18 reported. The State Government this evening announced a matching cut of Rs 2.50 in the fuel prices comme...More..

United States reaches new deal to replace NAFTA
by | Saturday, October 06, 2018

United States reaches new deal to replace NAFTA

The United States had forged a separate trade deal with Mexico , the third member of NAFTA , in August. Hours before the midnight deadline, the two countries agreed to a renewed trilateral agreement betwe...More..

Cal Thomas: Trump promised to put American interests first - he wasn’t kidding
by | Friday, October 05, 2018

Cal Thomas: Trump promised to put American interests first - he wasn’t kidding

China has responded to Trump's decision to levy tariffs on $250 billion of its exports with its own tariffs on USA goods, including soybeans and other agricultural products. "You tighten your belt, we do what ...More..

Toyota recalls 2.4 million hybrid vehicles due to stalling problems
by | Friday, October 05, 2018

Toyota recalls 2.4 million hybrid vehicles due to stalling problems

TOKYO-Toyota Motor Corp. says it has issued a recall for 2.43 million (U.S.) hybrid vehicles in Japan and elsewhere for potential problems with stalling. Should this occur, the auto could lose power and stall, ...More..

Tesla CEO Musk mocks SEC on Twitter after fraud lawsuit
by | Friday, October 05, 2018

Tesla CEO Musk mocks SEC on Twitter after fraud lawsuit

Tesla CEO Musk may have settled with the U.S. Securities and Exchange Commission over that August tweet claiming he had the funds to take his electric auto company private , but that hasn't stopped the eccen...More..

by | Friday, October 05, 2018

Pence to address China in Hudson Institute speech

Pence delivered a 40-minute speech at the conservative think tank the Hudson Institute giving the Trump administration's views on China. Amid unprecedented tensions between the two nations, Pence accused C...More..

USA secretary of state heads to North Korea for nuclear talks
by | Thursday, October 04, 2018

USA secretary of state heads to North Korea for nuclear talks

US Secretary of State Mike Pompeo will meet North Korean leader Kim Jong-un on Sunday for a new round of talks on denuclearisation, the US State Department said. Analysts speculated the US and North Korea may a...More..

Petrol prices cut by Rs 5 in Maharashtra
by | Thursday, October 04, 2018

Petrol prices cut by Rs 5 in Maharashtra

Chhattisgarh and Tripura also made a reduction of Rs 2.5 to make both fuels cheaper by Rs 5. To curb the skyrocketing fuel prices , Finance Minister Arun Jaitley on Thursday announced a cut of Rs 2.5 in ...More..

Indian rupee collapses to 73.77 against Dollars
by | Thursday, October 04, 2018

Indian rupee collapses to 73.77 against Dollars

The rupee crashed below 73 against the dollar on Wednesday, falling by 43 paise. Traders were concerned that a rise in USA interest rates and expensive oil could lead to fiscal slippage, increase inflatio...More..

Canada reach agreement on new trade deal
by | Thursday, October 04, 2018

Canada reach agreement on new trade deal

Gordon said there could be a slight increase in market access to Canada for USA dairy products, and the removal of that nation's Class 7 system pricing could lessen impact on the us and world markets. "I beli...More..

A chronology of events in North American free trade talks
by | Thursday, October 04, 2018

A chronology of events in North American free trade talks

A stronger Canadian dollar usually means an increase in cross-border shopping in Whatcom County; a weaker loonie translates to better deals for Americans in British Columbia. Pointing to his combative attitude ...More..

Donald Trump Saudi king Salman bin Abdulaziz Al Saud discuss oil supply
by | Wednesday, October 03, 2018

Donald Trump Saudi king Salman bin Abdulaziz Al Saud discuss oil supply

Gasoline pump prices are on the rise in the U.S. The national average gas price was $2.875 per gallon on Friday, according to AAA, up 1.4 percent in the past month and 11.7 percent higher than a year ago. USA s...More..

Inside Tesco's new discount chain Jack's, Chatteris
by | Wednesday, October 03, 2018

Inside Tesco's new discount chain Jack's, Chatteris

Customers will be able to compare details for themselves before long: in one location, yet to be revealed, there is set to be a Jack's and a Tesco side-by-side, Lewis said. Most of the stores will be converte...More..

Amazon Makes a Big Move on Minimum Wage
by | Tuesday, October 02, 2018

Amazon Makes a Big Move on Minimum Wage

The online retailing giant, which has several huge depots in Doncaster, is raising pay for hundreds of thousands of workers in the USA and the UK. Amazon is boosting its minimum wage for all USA workers to ...More..

Tesla shares soar after Musk settles with SEC
by | Tuesday, October 02, 2018

Tesla shares soar after Musk settles with SEC

This continues a pattern of trade Musk's mood swings. Following the tweet, Tesla's stock jumped 6 percent leading to intervention by the SEC. KitGuru Says: Many had taken Musk's $420 reference to marijuana ...More..

by | Tuesday, October 02, 2018

Amazon to raise minimum wage to $15 for USA employees

At the new pay rate, an Amazon employee who makes minimum wage would need to work more than 3 weeks (133 hours) to buy one share of the company's stock, which now sits above $2,000. Amazon's market capitalizati...More..

Canada, US secure revised NAFTA deal in last minute effort
by | Tuesday, October 02, 2018

Canada, US secure revised NAFTA deal in last minute effort

He said it was "privilege" for other countries to trade with the US: "So we have negotiated this new agreement [with Mexico and Canada] based on the principle of fairness and reciprocity - to me it's the most...More..

Trump Hails NAFTA Replacement as Victory for U.S. Manufacturers
by | Tuesday, October 02, 2018

Trump Hails NAFTA Replacement as Victory for U.S. Manufacturers

He repeatedly cut off and berated reporters assembled in the White House Rose Garden, calling the press "loco", and insisting he wanted to talk trade. Trump immediately set about selling the idea to voters ahea...More..

What comes next in Facebook’s major data breach
by | Monday, October 01, 2018

What comes next in Facebook’s major data breach

More than 50 million users were affected by the breach that was reported on Friday. The bug, which exploited flaws in the site's " View As " and video uploader feature to gain access to the accounts, fo...More..

GE Abruptly Fires CEO John Flannery, Appoints Lawrence Culp as Chief Executive
by | Monday, October 01, 2018

GE Abruptly Fires CEO John Flannery, Appoints Lawrence Culp as Chief Executive

Culp said in a statement, "We will move with urgency". In addition to announcing the executive shakeup, GE also said on Monday that its power business has been performing worse than anticipated and will not h...More..

California's 'gold standard' net neutrality becomes law
by | Monday, October 01, 2018

California's 'gold standard' net neutrality becomes law

U.S. Attorney General Jeff Sessions said today, "Once again the California Legislature has enacted an extreme and illegal state law attempting to frustrate federal policy". "This is a historic day for Calif...More..

Tesla stock soars as Musk taunts the SEC with a tweet
by | Monday, October 01, 2018

Tesla stock soars as Musk taunts the SEC with a tweet

Under the settlements , which are contingent on court approvals, Musk will step down as Tesla chairman and will be replaced by an independent chairman. With products like the Model S, Model X and, even with i...More..

Elon Musk’s
by | Monday, October 01, 2018

Elon Musk’s "Funding Secured" Tweet Just Cost Him & Tesla $40 Million

Billionaire businessman Elon Musk has stepped down as the Chairman of Tesla following a tweet where he claimed he has the funding and investor support to buy the publicly-traded company. Tesla is due to ap...More..

US, Canada Reach NAFTA Deal
by | Monday, October 01, 2018

US, Canada Reach NAFTA Deal

According to people briefed on the negotiations, Canada will ease protections on its dairy market and provide access that is similar to what the United States would have gained through the Trans-Pacific Partn...More..

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