RMB rate 'in line with fundamentals'

Since the trade spat between the world's two largest economies erupted in March past year, the dollar has gained more significant than three percent against a basket of currencies . "We saw growing profit in South America previous year, especially f... More..

by | Published more than a month ago
A U.S.-China Currency War? What You Need To Know
by | Sunday, August 11, 2019

A U.S.-China Currency War? What You Need To Know

The trade war is weighing on the global economy . The currency is now trading at just over 7 yuan to the dollar. In a statement, the Chinese Central Bank said it had "the experience, confidence and ability t...More..

TYAN Launches AMD EPYC™ 7002 Series Server Platforms - Systems
by | Sunday, August 11, 2019

TYAN Launches AMD EPYC™ 7002 Series Server Platforms - Systems

AMD EPYC 7742 SPECrate®2017_int_base projected score of 625 vs. EPYC 7601 of 304 in June 2019 at http://spec.org/cpu2017/results/res2019q2/cpu2017-20190411-11817.pdf . Apparently, customers can augment their ...More..

Misery for commuters as Victoria Line down due to power failure
by | Saturday, August 10, 2019

Misery for commuters as Victoria Line down due to power failure

National Grid operations director Duncan Burt said Friday's blackout was caused when two power stations failed nearly simultaneously, leading the system to cut off power to some parts of the country in order to...More..

Walmart CEO speaks out on recent shootings
by | Saturday, August 10, 2019

Walmart CEO speaks out on recent shootings

This prompted groups to call for a boycott to buy from Walmart. But any change to its gun policies risks alienating Walmart's core customers, who often live in more conservative-leaning rural and suburban com...More..

Flight attendant stumbles, passes out before takeoff
by | Saturday, August 10, 2019

Flight attendant stumbles, passes out before takeoff

A police report obtained by the network stated she required assistance to stand, had bloodshot eyes and wrongly answered "Chicago" when asked where she was. But the flight was operated by Air Wisconsin, and the...More..

Precious: Gold surges above $1500, highest in 6 years
by | Saturday, August 10, 2019

Precious: Gold surges above $1500, highest in 6 years

Among other precious metals , silver rose 1.7% to $16.73 per ounce , its highest since June 2018. Gold futures on the COMEX division of the New York Mercantile Exchange soared on Wednesday above 1,500...More..

Walmart tells staff to remove signs showing violence, including video game ads
by | Saturday, August 10, 2019

Walmart tells staff to remove signs showing violence, including video game ads

Vice reported that Walmart employees received memos from corporate headquarters asking for the immediate removal of "signing and displays referencing violence". "Remove from the salesfloor or turn off these...More..

by | Saturday, August 10, 2019

Attendant removed from flight charged with intoxication

When the plane landed in South Bend, officers boarded and asked her where she was. A passenger called Aaron Scherb told ABC News that he clocked March leaning against the galley and making "slurred" securit...More..

Trump drumfire against the Fed continues
by | Friday, August 09, 2019

Trump drumfire against the Fed continues

Trump's press for a weaker dollar comes as a so-called currency war has broken out globally as other nations also seek to weaken their currencies. "That's worrisome, because it's not clear that the Fed can...More..

Subway to debut meatless meatball sub sandwich
by | Friday, August 09, 2019

Subway to debut meatless meatball sub sandwich

There are 24 grams of protein in each six-inch Beyond Meatball Marinara sandwich. The limited-time sandwich will be available in 685 Subway locations across the USA and Canada, and consists of vegan Beyond...More..

US told Tesla it can't call Model 3 safest car ever tested
by | Friday, August 09, 2019

US told Tesla it can't call Model 3 safest car ever tested

It also says Tesla cars "have achieved the lowest probability of injury of any vehicle ever tested by the USA government's New Car Assessment Program". However, Bloomberg stated that not everyone is so comp...More..

Gains for Asian shares capped by fresh trade jitters, China stocks fall
by | Friday, August 09, 2019

Gains for Asian shares capped by fresh trade jitters, China stocks fall

The White House is reportedly holding off on a decision about licenses for USA companies to restart business with Huawei Technologies. Beijing has yet to place any restrictions on its rare earth supplies ...More..

Oil sets new seven-month low on trade tensions grow
by | Friday, August 09, 2019

Oil sets new seven-month low on trade tensions grow

Dollar. The West Texas Intermediate for September delivery rallied 1.45 USA dollars to settle at 52.54 dollars a barrel on the New York Mercantile Exchange, while Brent crude for October delivery rose 1.15 do...More..

Thousands of protesters descend on Hong Kong airport
by | Friday, August 09, 2019

Thousands of protesters descend on Hong Kong airport

Asked if she was directly calling China a "thuggish regime", she responded, "Yeah". Joshua Wong , leader of the local political party Demosisto and a central figure in the 2014 student-led "Umbrella Movement...More..

China lowers yuan's trading range but currency stabilizes
by | Friday, August 09, 2019

China lowers yuan's trading range but currency stabilizes

In response, China said it would stop purchasing USA agricultural products. China's trade surplus with the United States stood at US$27.97 billion last month, narrowing from June's US$29.92 billion. On Thursd...More..

Epstein
by | Friday, August 09, 2019

Epstein "misappropriated" vast sums, billionaire claims

While the two had previously been described as " close personal friends ", Wexner last month said that he "regretted" ever crossing paths with Epstein and that he " completely severed " all ties with Epstein 12...More..

Walgreens Is Closing 200 Stores, Declines To Release List Of Location Closures
by | Friday, August 09, 2019

Walgreens Is Closing 200 Stores, Declines To Release List Of Location Closures

In December previous year, Walgreens announced it would seek to take action in an effort to cut costs by 2022. The bad news is that a Walgreens spokesperson has said the company does not plan to release a li...More..

Uber shares skid as quarterly loss soars
by | Friday, August 09, 2019

Uber shares skid as quarterly loss soars

Uber's second-quarter net loss , widening from a loss of $878 million a year earlier, included $3.9 billion of stock-based compensation expenses related to its IPO earlier this year and almost $300 million in ...More..

Raab and Pompeo set out the UK's Brexit position with the EU
by | Thursday, August 08, 2019

Raab and Pompeo set out the UK's Brexit position with the EU

Goods trade between Ireland and the United Kingdom totaled 36 billion euros a year ago, representing 15 percent of all Irish exports and imports. "He was effusive in his warmth for the United Kingdom - it w...More..

FedEx Will No Longer Deliver Amazon Packages to Customers
by | Thursday, August 08, 2019

FedEx Will No Longer Deliver Amazon Packages to Customers

Most, if not all, of that business is believed to have been concentrated during the peak delivery season. FedEx Corp . seems to have finally realized that it's futile to label Amazon.com Inc.'s delivery aspi...More..

Oil slumps to new seven-month low on trade tensions
by | Thursday, August 08, 2019

Oil slumps to new seven-month low on trade tensions

As a result, Brent settled down $2.71, or 4.6 percent, at $56.23 per barrel, the lowest close since early January (the commodity has plunged almost 14 percent since last week); West Texas Intermediate finis...More..

Stocks slide as rate cuts stoke fear of an economic slowdown
by | Thursday, August 08, 2019

Stocks slide as rate cuts stoke fear of an economic slowdown

The Standard & Poor's 500 hit a two-month low before clawing back to about a 1 percent drop an hour into trading. China's central bank said Tuesday it is "resolutely opposed" to such a label, and the ba...More..

United Kingdom trade delegation eyes post-Brexit deal with Trump
by | Thursday, August 08, 2019

United Kingdom trade delegation eyes post-Brexit deal with Trump

Dover is a crucial chokepoint through which the biggest portion of cross-channel trade enters the country from France. "He was effusive in his warmth for the United Kingdom". "There are many key dates ahead f...More..

Walmart faces pressure to stop gun sales after latest US mass shootings
by | Thursday, August 08, 2019

Walmart faces pressure to stop gun sales after latest US mass shootings

Additionally, " Walmart goes beyond federal law requiring all customers to pass a background check before purchasing any firearm", Hargrove was quoted as saying to AFP. But because of its biggest chain in the ...More..

Facebook hires former U.S. senator assistant to lobby for Libra
by | Wednesday, August 07, 2019

Facebook hires former U.S. senator assistant to lobby for Libra

Facebook in June this year announced it would launch Calibra with the aim of developing a new digital wallet for Libra. Angelene Falk, the Information Commissioner and Privacy Commissioner stated that the ...More..

Flipkart To Add Free Movies, Videos Streaming To Its App
by | Wednesday, August 07, 2019

Flipkart To Add Free Movies, Videos Streaming To Its App

More importantly, a partnership would help the duo counter Walmart, which previous year invested US$16 billion in India's Flipkart , in the battle for a bigger share of India's fast-growing e-commerce market. ...More..

RBI cuts rates again to try to speed up growth
by | Wednesday, August 07, 2019

RBI cuts rates again to try to speed up growth

Indeed, the RBI lowered its economic growth forecast to 6.9% from 7% for the current fiscal year, and said it sees inflation remaining inside its target range over a 12-month horizon. Real Gross Domestic Prod...More..

HSBC chief executive is leaving after 18 months on the job
by | Wednesday, August 07, 2019

HSBC chief executive is leaving after 18 months on the job

HSBC will also cut around 2% of its workforce or around 4,000 jobs this year as it seeks to reduce costs, Chief Financial Officer Ewen Stevenson said, adding it will pay out a total of around $650-700 million ...More..

AT&T says it lost $5 million a year from illegal unlocking scheme
by | Wednesday, August 07, 2019

AT&T says it lost $5 million a year from illegal unlocking scheme

Muhammad Fahd, who has been extradited to the US from Hong Kong, allegedly paid as much as $420,000 to individual AT&T call center staff to unlock devices tied to the carrier's network. If a phone is unlocked, ...More..

Focus Shifts Momentarily to New Zealand Labor Report
by | Wednesday, August 07, 2019

Focus Shifts Momentarily to New Zealand Labor Report

Growth in New Zealand's near $200 billion economy has been running below-par in recent quarters as worldwide trade frictions slowed global demand in a blow to factory activity and exports. "Today's bold move wi...More..

Markets rebound after China indicates it will stabilize yuan
by | Wednesday, August 07, 2019

Markets rebound after China indicates it will stabilize yuan

Technology stocks , which bore the brunt of Monday's sell-off, accounted for a big share of the market's gains Tuesday . It rose by 0.7 percent to its highest since a January flash crash with the currency u...More..

U.S. ready to target other countries for supporting Venezuela's Maduro
by | Wednesday, August 07, 2019

U.S. ready to target other countries for supporting Venezuela's Maduro

Yet it represents the most sweeping US action to remove Maduro since the Trump administration recognized opposition leader Juan Guaidó as Venezuela's rightful leader in January. Only North Korea , Iran , Sy...More..

Disney+ bundle with Hulu and ESPN will cost less than Netflix
by | Wednesday, August 07, 2019

Disney+ bundle with Hulu and ESPN will cost less than Netflix

Disney profits fell well short of Wall Street estimates in the third quarter, dropping 28% from a year ago, due in part to the worse-than-expected performance of Fox assets, including the movie studio that p...More..

China's yuan hits new lows, PBOC seeks to stem slide
by | Wednesday, August 07, 2019

China's yuan hits new lows, PBOC seeks to stem slide

Dow Jones prices nosedived at a time of heightened volatility in the financial markets with the pan-European Stoxx 600 falling by nearly 2 percent - on top of a 2.5 percent drop seen on Friday, the worst perfor...More..