Finance

Apple Becomes World's 1st Private-Sector Company Worth $1 Trillion

Apple Becomes World's 1st Private-Sector Company Worth $1 Trillion

In a call with investors, CEO Tim Cook also touted growth in other areas such as smart home products, wearables, and services like the App Store and Apple Pay. In recent years, Apple has been working ...

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Trump Raises Proposed Chinese Tariffs to 25%

US Trade Representative Robert Lighthizer said on Twitter that the measure sought to "urge China to stop its unfair practices, open its markets, and engage in true market competition". "We hope that t...

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Brookfield to acquire Forest City for United States $11.4B

Brookfield to acquire Forest City for United States $11.4B

There is no guarantee that when share prices reach a 52 week low, the stock will begin to trade higher - it could break down to an even lower level. Separately, ValuEngine raised Forest City Real...

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House of Fraser offered cash injection lifeline by Mike Ashley

House of Fraser offered cash injection lifeline by Mike Ashley

The department store chain is now awaiting a £70m investment from Chinese investor, C.banner, which also owns toy shop Hamley's. House of Fraser declined to comment. According to Sky News , House o...

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US Fed highlights strong economy, leaves rate untouched

The statement also noted household spending had "grown strongly", while it last described things as having "picked up". Most Fed officials in June projected three or four rate hikes for 2018, impl...

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Google is planning a censored version of its search engine for China

A separate report, by technology news site The Information on Wednesday, said that Google was developing a news-aggregation app for use in China that would comply with the country's censorship laws. T...

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Trump administration confirms plan to raise China import tariff to 25 percent

China responded with tariffs on USA goods, mainly farm exports. The Trump administration has threatened to increase the rate of its tariffs against China from 10 percent to 25 percent. "Secondly, ...

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Monetary Policy: RBI Hikes Interest Rates Again; Loans To Get Costlier

Vijay Valecha, chief market analyst at Century Financial Brokers, said NRIs can, however, benefit from a higher interest rate on fixed deposits. The Bank has been signalling for some time that rates...

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India raises key interest rate for second time to stave off inflation

According to this prediction, the only vote against would come from Sir Jon Cunliffe, the current Deputy Governor of the Bank of England for Financial Stability. Reports suggest that it is for the s...

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‘Perfect storm’ sees United Kingdom demand for British-made cars plummet

‘Perfect storm’ sees United Kingdom demand for British-made cars plummet

Increasing popularity of the U.K.'s growing range of premium, luxury and high-performance cars helped drive United Kingdom exports, the SMMT says. The society nevertheless called on negotiators on...

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RBI increases key rate to 6.5% on inflation worries

On July 31, SBI had raised the term deposit rates on select maturities by 5-10 basis points. While raising the key policy rates, the RBI , however, has maintained the neutral policy stance. The Bank...

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Huawei sells more smartphones than Apple for first time

Huawei sells more smartphones than Apple for first time

While Chinese companies' common price-for-value strategy and brand identity have brought smartphone manufacturer Xiaomi and OPPO to the 4th and 5th place of the IDC report , the two players' co...

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10m affected by Dixons Carphone data breach

10m affected by Dixons Carphone data breach

Upon discovering the breach last month , Dixons Carphone reported it to the National Cyber Security Centre and the Information Commissioner's Office, and the company states it continues to keep...

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McDonald's Serves Pregnant Woman Cleaning Fluid In Latte

McDonald's Serves Pregnant Woman Cleaning Fluid In Latte

That was the first clue Sarah Douglas had that the coffee she'd just ordered in a McDonald's drive-through Sunday morning in southern Alberta, Canada , wasn't right. It can seriously irritate the...

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Durex recalls condoms over concerns they could burst

Durex recalls condoms over concerns they could burst

Durex says condoms in the batch could burst more easily than normal, and a health authority warns this could lead to a risk of unwanted pregnancies or sexually transmitted infections. The company has...

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China vows retaliation if U.S. sets 25 per cent import tariff

The new levies would escalate trade tensions with the foreign power and add to a 25 percent tariff already imposed on $34 billion of Chinese imports in July . Chinese officials said they were prepa...

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Loans to get costlier as RBI hikes repo rate again

One basis point is a hundredth of a percentage point. This is the first time since October 2013 that the rate has been increased in consecutive policy meetings. Increased FDI flows in recent months an...

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Google’s new Search app: Designed and censored in California, made for China

That said, the company has been making slight overtures to the Chinese people. They revealed the reason for reaching out is moral and ethical concerns about Googles role in censorship, which is being ...

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Oil rises on tight supply outlook

Oil rises on tight supply outlook

On Tuesday, the American Petroleum Institute said crude inventories rose by 5.6 million barrels last week. Oil prices faltered in July, shedding value in crude's worst month in two years . A Reute...

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United States may slap China with higher tariffs, Beijing vows to retaliate

Paulina Dedaj is a writer/ reporter for Fox News. China, which has accused the United States of bullying, yesterday vowed to retaliate if President Donald Trump proceeds with the measures. Investo...

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Heineken cuts full-year profit forecast due to Brazil expansion

Heineken cuts full-year profit forecast due to Brazil expansion

Heineken became Brazil's second-biggest brewer a year ago when it bought Kirin Holdings's business there for about 2.2 billion real (S$803.2 million). Heineken's brands in Brazil now include Schin...

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RBI monetary policy: Repo rate hiked by 25 bps

RBI monetary policy: Repo rate hiked by 25 bps

The reverse repo rate has been hiked to 6.25%, the RBI announced after its three-day Monetary Policy Committee (MPC ) meeting. The reverse repo rate was also raised by 25 basis points, to 6.25 pe...

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Tyson cites tariffs in cutting earnings outlook for the year

Tyson cites tariffs in cutting earnings outlook for the year

The stock price registered volatility 1.69% in past week and volatility was at 1.63% over a last month. 276 institutions increased their investment in the MMM stock and 292 institutions decreased thei...

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Coles flips again on plastic bag ban, puts end date on freebies

Coles flips again on plastic bag ban, puts end date on freebies

Supermarket chain Coles said Wednesday that it was dropping plans to charge for the bags, saying shoppers had struggled to adjust to the change. "But we know that many customers are still finding th...

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Google's Plan to Launch Censored Search Engine in China Revealed

Citing anonymous sources familiar with the plan-including a Google whistleblower who has "moral and ethical concerns" about his company's role in censorship-as well as confidential company documents, ...

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Previously undisclosed TSA program tracks unsuspecting passenger

Previously undisclosed TSA program tracks unsuspecting passenger

The Globe revealed the existence of the Quiet Skies program on Sunday, prompting complaints from lawmakers and civil liberties groups. They also said the program is costly and time-consuming and ...

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Dollar seesaws vs yen after BOJ tweaks policy

Dollar seesaws vs yen after BOJ tweaks policy

The Japanese Yen did not have any significant price volatility against its United States counterpart as local Retail Trade data showed sales rose 1.8 percent year-on-year in June, softly exceeding t...

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Tesla burns $739.5 million in cash on way to record 2Q loss

Tesla burns $739.5 million in cash on way to record 2Q loss

Tesla shares rose 5% in after hours trading despite the $717.5m loss, as the company forecast additional increases to its production capacity and profitability in the second half of the year. That ang...

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Trump Hits Turkish Officials with Sanctions over Pastor Brunson's Detainment

Trump Hits Turkish Officials with Sanctions over Pastor Brunson's Detainment

The Turkish government arrested Brunson in Izmir in 2016 for allegedly aiding a failed military coup, accusations the pastor denies. President Donald Trump , accompanied by Turkish President Rec...

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RBI hikes repo rate: What happens to your EMIs now

For instance, every time the RBI lowers repo rate, banks are typically expected to pass on the benefit to retail customers. The monetary policy committee (MPC ) kept its stance neutral, aiming to...

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[H]ardOCP: FAANG Stocks Could Lose Big According to Experts

[H]ardOCP: FAANG Stocks Could Lose Big According to Experts

Shares of the so-called FAANG group were higher. The rush to get out of USA tech stocks entered its third day Monday as concerns mounted over how the storied FAANG bloc will fare amid rising interes...

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USDA issues alert about salads, wraps due to parasite concern

The Federal Safety and Inspection Service has issued a health alert over certain meat products over concern for Cyclospora . According to Trader Joe's, the company was alerted by a supplier that ...

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Free guacamole offer crashes Chipotle’s app, website

Free guacamole offer crashes Chipotle’s app, website

Do you like your guacamole on your entree? Chipotle fans, we've made your lunch plans for you - guac is free today in celebration of National Avocado Day. All you have to do is place an order on...

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United Nations panel says missiles launched at Saudi show Iranian characteristics

United Nations panel says missiles launched at Saudi show Iranian characteristics

Yemen's Houthi group said on Tuesday it is unilaterally halting attacks in the Red Sea for two weeks to support peace efforts, days after Saudi Arabia suspended oil exports through a strategic Red...

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Chipotle reopens Powell, Ohio eatery possibly linked to illnesses

A Chipotle in Powell, Ohio is closed on July 30, 2018, after reports of a possible food-borne illness affecting customers of the Sawmill Parkway location. Shares of the company were down 7.4 percent a...

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OnePlus surpassed Samsung to lead India’s premium smartphone segment, says Counterpoint Research

OnePlus was followed by Samsung with 34% share and Apple which dipped to its lowest at 14%. OnePlus began as a daring challenger and took only a few years to morph into the victor, leading the pre...

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China threatens retaliation if U.S. doubles proposed tariffs

US Trade Representative Robert Lighthizer ratcheted up tensions last month when he released a list of thousands of additional Chinese exports worth $200 billion that could face 10 per cent tariffs aft...

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Brent crude set for biggest monthly drop since 2016

Oil prices fell on Tuesday, closing out the largest monthly decline in two years on supply worries after OPEC output reached a 2018 high in July, overshadowing reports that the United States and ...

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RBI in a tight spot, is expected to raise rates again

Reports suggest that it is for the second time that the RBI has increased the interest rates by 0.25%. The rate hike comes on back of rising retail inflation concerns, which rose to a five-month hig...

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Mirror owner sees £113.5m loss due to large write-off

Mirror owner sees £113.5m loss due to large write-off

First-half revenue rose 11% to £353.8m from £320m, reflecting the acquisition of the Daily Express and Daily Star newspaper titles as well as OK! The swing to loss was attributed to a £150mln non-...

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