Finance

Australia's outgoing PM to resign from parliament

Australia's outgoing PM to resign from parliament

In Malcolm Turnbull's cabinet, Fletcher was the Urban Infrastructure Minister. He said Angus Taylor, a Dutton supporter, would be the new energy minister. Bishop issued a statement on Sunday, saying s...

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Ryanair makes more changes to carry-on baggage policy

Ryanair makes more changes to carry-on baggage policy

Kenny Jacobs, Ryanair's chief marketing officer, said the new policy "will speed up boarding and cut flight delays" by encouraging people to either travel very light with just one small bag, or to c...

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US SEC to assess latest Bitcoin ETF decision

US SEC to assess latest Bitcoin ETF decision

Referencing Rule 431 of the Commission's Rules of Practice , the SEC said in a series of letters that it would reconsider the three rejections made by the US regulator's staff. It is then quite ...

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Infiniti has presented a new electric hypercar

Infiniti has presented a new electric hypercar

As for electrification, Infiniti came close to entering that emerging segment early in the decade with what was going to be little more than a more lavishly equipped version of the Nissan Leaf sold ...

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Crude Flat as China Tariffs Targets US Oil Products

Crude Flat as China Tariffs Targets US Oil Products

Commodity prices also moved higher while "riskier" currencies recovered against the United States dollar. Hedge funds and other money managers cut their bullish wagers on US crude futures to the low...

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Australia bans Huawei, ZTE from selling 5G tech; China objects

Australia bans Huawei, ZTE from selling 5G tech; China objects

Australia is not the only country to restrict Huawei - it's actually following in the footsteps of the United States, which restricted both Huawei and ZTE for similar reasons. Now, both the compan...

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US prosecutors grant Trump Organization CFO immunity in Cohen probe

US prosecutors grant Trump Organization CFO immunity in Cohen probe

Sources told CNN that Cohen said he was present during a meeting between Trump and his son, Donald Trump , Jr., when they discussed the offer from Russians of dirt on Trump's Democratic opponent Hi...

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Supreme Court won't hear appeal in real estate data case

Supreme Court won't hear appeal in real estate data case

Nearly immediately online real estate sites in the GTA connected to brokerages began posting selling data, and only stopped after TREB won a stay from the court as it sought leave to appeal to The Sup...

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Trump's finance chief Allen Weisselberg is granted immunity from prosecution

Trump's finance chief Allen Weisselberg is granted immunity from prosecution

Michaels Cohen's attorney clarified the record, saying his client does not know if President Trump knew about the Trump Tower meeting (out of which came nothing!). The news of Weisselberg's coopera...

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Kalashnikov launches Tesla-rivalling electric vehicle

Kalashnikov launches Tesla-rivalling electric vehicle

According to the RIA-Novosti news agency's press office, a Kalashnikov spokesperson said: "This technology will let us stand in the ranks of global electric auto products such as Tesla and be their ...

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Sessions bites back as Trump says impeachment would sink economy

Sessions bites back as Trump says impeachment would sink economy

Mr Trump was responding to a question on his mounting legal woes after his former attorney Michael Cohen said under oath that Mr Trump instructed him to commit a crime by breaking U.S. "I know al...

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Percent Expect Trump's Tariffs To Help The Economy

Percent Expect Trump's Tariffs To Help The Economy

Cohen, who says he won't seek a pardon from Trump, pleaded guilty Tuesday to eight charges, including campaign finance violations that he said he carried out in coordination with Trump. The atto...

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Fed chair Jerome Powell’s highly anticipated speech: what to expect

Federal Reserve Chairman Jerome Powell on Friday defended the USA central bank's push to raise interest rates as healthy for the economy and signaled more hikes were coming despite President Donal...

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S&P 500 bull market now arguably the oldest ever

S&P 500 bull market now arguably the oldest ever

Whether it be gridlock in Congress, government shutdowns, global trade wars or major health care reforms, the S&P 500 trudged higher through it all. This date is chosen as many believe the 1990's bu...

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Mexican trade official says NAFTA deal with United States may be hours away

Mexican trade official says NAFTA deal with United States may be hours away

Earlier in the day, both Seade and Mexican Economy Minister Ildefonso Guajardo, the country's top trade official, said a breakthrough could be only a matter of "hours" away. Some observers believe the...

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Stocks fall as Trump's legal troubles, trade war put markets on edge

Stocks fall as Trump's legal troubles, trade war put markets on edge

Since then, the index has more than quadrupled. The S&P .SPX rose as much as 0.6 percent to a record high of 2,873.23 points, topping its previous record high of 2,872.87 on January 26. Wednesday's ...

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Antioch KMART to Close in November

Antioch KMART to Close in November

Liquidation sales are expected to begin next week. The closures are expected to be complete by November. Sears announced it is closing its Eastland Mall department store in November. The Crabtree ...

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President Trump Says 'The Market Would Crash' If He Is Impeached

President Trump Says 'The Market Would Crash' If He Is Impeached

Proving that the president knowingly conspired with Russians to hack the Democrats' servers, steal damaging information and leak it at politically opportune times was always going to be a challenge fo...

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Trump ‘not thrilled’ with Fed chairman over interest rate hikes

Trump ‘not thrilled’ with Fed chairman over interest rate hikes

US central bankers discussed raising interest rates soon to counter excessive economic strength but also examined how global trade disputes could batter businesses and households, minutes of the Feder...

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Trade minister unveils plan to make UK 'exporting superpower'

Trade minister unveils plan to make UK 'exporting superpower'

Plans to make Britain a "21 century exporting superpower" will be set out today in a new export strategy. An awareness campaign will also be deployed to target UK exporters most likely to benefi...

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Xiaomi Q2 revenue soars 152% on strong growth in India

Xiaomi Q2 revenue soars 152% on strong growth in India

Unfortunately, that also means no less than 67 percent of Xiaomi's earnings came from smartphones, a business viewed by many financial specialists as too volatile, competitive, and overcrowded to driv...

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Trump lays into China AND Europe in currency row

Trump lays into China AND Europe in currency row

According to the USTR, the proposed tariffs "are a supplemental action in response to China's unfair trade practices related to technology transfer, intellectual property and innovation" under Sec...

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Here's our best look at the Google Pixel 3 XL yet

Here's our best look at the Google Pixel 3 XL yet

The back of the device features a single camera lens and the signature Pixel mix of glass and brushed aluminium. According to the report, a Ukrainian seller is offering a large number of what could ...

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Lowe's to shutter all of its Orchard Supply Hardware stores

Lowe's to shutter all of its Orchard Supply Hardware stores

Lowe's acquired Orchard Supply Hardware for $205 million in 2013, after it had been spun off by Sears in 2011 and filed for Chapter 11 bankruptcy protection. The approximately 36,000-square-foot Los ...

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Malcolm Turnbull: Australia adjourns parliament amid leadership crisis

Malcolm Turnbull: Australia adjourns parliament amid leadership crisis

Voters expect that they will get to judge their leaders at the ballot box. Dutton and senior ministers on Thursday called for a second ballot. Peter Dutton and his supporters believe they have t...

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US, China raise tariffs in new round of trade dispute

But at the end of the day, we have many more bullets than they do. Thursday's 25 percent increase came as envoys from the two countries met in Washington , DC in their first high-level talks in two...

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Jacob Zuma wants to ‘meaningfully participate’ in state capture inquiry

Jacob Zuma wants to ‘meaningfully participate’ in state capture inquiry

Advocate Muzi Sikhakhane, who is representing Zuma alongside his partners, said on Monday that Zuma did not want to delay any further processes during the inquiry and that the former president was pre...

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U.S. oil prices recover from struggles in past weeks

U.S. oil prices recover from struggles in past weeks

Futures in NY climbed as much as 0.4 per cent after a 0.8 per cent gain on Monday. However, prices remained lower on the week. WTI recovered after seven weeks caused by economic growth concerns caus...

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Israel advances plans for 1,000 West Bank settlement homes

Israel advances plans for 1,000 West Bank settlement homes

Israel has advanced plans to build more than 1,000 new homes in Jewish settlements in the occupied West Bank . Senior Palestinian official Ahmad al-Tamimi said the United States president's assert...

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Putin calls United States sanctions 'pointless' while praising Trump summit

Putin calls United States sanctions 'pointless' while praising Trump summit

Russian President Vladimir Putin on Wednesday condemned U.S. sanctions against Russia as counter-productive, but said a summit he had held last month with U.S. "Europe needs Nord Stream 2", Mr Putin s...

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Venezuela relaunches new currency | Economy

Venezuela relaunches new currency | Economy

The executive order said Venezuelan President Nicolas Maduro issued the digital currency in an attempt to get around U.S. sanctions. "Venezuelan President Nicolas Maduro carried out one of the g...

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Brexit: Continuous talks to try to resolve differences

Brexit: Continuous talks to try to resolve differences

EU Brexit chief Michel Barnier has said he believes that a "blame game" against the EU is underway in Britain over the growing possibility of a "no-deal" Brexit. "This partnership has to respect the s...

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Conoco to recover US$2 bil in agreement with Venezuela

Conoco to recover US$2 bil in agreement with Venezuela

ConocoPhillips said in a statement the pair have agreed a settlement whereby PDVSA will make initial payments totaling about $500 million within 90 days of signing the agreement, with the balance ...

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Trump vows 'no concessions' with Turkey over detained USA pastor

Trump vows 'no concessions' with Turkey over detained USA pastor

Turkey-U.S. relations took a nosedive on August 1, when the Trump administration announced sanctions on Turkey's interior and justice ministers after Ankara refused to release an American pastor who...

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Oil heads for weekly loss on concerns over trade row

Oil heads for weekly loss on concerns over trade row

US West Texas Intermediate (WTI) crude futures rose 59 cents to $66.05. Futures in NY were headed for a 3.2 percent drop this week, their seventh straight decline. The crisis gripping the Turkish ...

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S&P 500 and NASDAQ 100 Forecast August 22, 2018

S&P 500 and NASDAQ 100 Forecast August 22, 2018

Stocks rebounded after a correction in February, a 10% drop from its previous high that was only the fourth of this bull market . The index rose as much as 0.57% to a record high of 2872.87 in afte...

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Trump Demands Fed Help On Economy, Complains About Interest Rate Rises

Trump Demands Fed Help On Economy, Complains About Interest Rate Rises

In developed economies, central banks are independent of political control. Almost eight in 10 economists believe the Fed's interest rate policies are "about right", according to a survey releas...

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U.S. Sanctions Russian Ships for North Korea Trade Amid Tensions

Security Council resolutions on North Korea and are sanctionable under US law", said Treasury Secretary Steven Mnuchin . Russian Deputy Foreign Minister Sergei Ryabkov called the sanctions as wel...

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Turkish lira crisis poses additional risk to German economy - FinMin

Turkish lira crisis poses additional risk to German economy - FinMin

According to a senior White House official, the Turkish government claimed they would drop the terrorism charges against Brunson if the US agreed to stop the investigation and fines against Turkish ...

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Giuliani: Trump not included in Cohen charges

Giuliani: Trump not included in Cohen charges

The government charges that Manafort hid income from foreign consulting from the IRS and then, when that work dried up, lied to banks to qualify for loans to sustain his lavish lifestyle. He was earli...

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