India to keep buying Iranian oil despite USA sanctions: Sources - International

The sources declined to be identified as they were not authorised to speak to the media. Iran's key oil customers are opting for more medium sour crudes from Saudi Arabia, Iraq, Russia and UAE, which is causing prices of these grades to soar an... More..

by | Published more than a month ago
Based Mattress Firm Files For Bankruptcy, Will Close Hundreds Of Stores
by | Monday, October 08, 2018

Based Mattress Firm Files For Bankruptcy, Will Close Hundreds Of Stores

Online reviews have replaced going to a store to lie down on a mattress. Mattress Firm officially filed for bankruptcy as expected, according to CNBC. The company was founded in 1986. Steinhoff's credit...More..

Abandoned by Unilever, Dutch prime minister forced to reconsider tax plan
by | Monday, October 08, 2018

Abandoned by Unilever, Dutch prime minister forced to reconsider tax plan

Waldschmidt said the bigger drivers for Unilever's shares were USA interest rates and continued difficulties in emerging markets, particularly related to their currencies. He added that the company will proceed...More..

Canada gains 63,000 jobs in September, unemployment rate falls
by | Monday, October 08, 2018

Canada gains 63,000 jobs in September, unemployment rate falls

Over the summer, 500 jobs were added, though its unemployment rate stayed relatively the same, according to the labour force survey. The move into surplus was due to a 2.5 per cent drop in imports. Retail and w...More..

by | Sunday, October 07, 2018

September jobs report - will higher wages, more jobs attract workers?

If Republicans can make the case to voters that their policies are largely responsible for this increased pay and improved job prospects, they can maintain control of Congress on Election Day. In the latest BLS...More..

Testing times for interest rates
by | Sunday, October 07, 2018

Testing times for interest rates

The Indian rupee plunged to a record low of over 74 to a U.S. dollar on Friday, after the Reserve Bank of India changed the policy stance to "calibrated tightening". Meanwhile, Viral Acharya, deputy govern...More..

Oil prices rise, supported by U.S
by | Sunday, October 07, 2018

Oil prices rise, supported by U.S

Oil headed for the longest run of weekly gains since the start of 2018 amid concern that Saudi Arabia and Russian Federation may not pump enough crude to prevent a supply crunch as Iranian cargoes disappear fro...More..

Amazon increases the minimum wage of USA workers
by | Sunday, October 07, 2018

Amazon increases the minimum wage of USA workers

According to a survey of job postings, starting pay for such workers can be as low as $10 an hour or as high as $14. Such is the case with the increase in the minimum wages of Amazon employees by around 2...More..

May warned of Tory revolt unless she drops Chequers plan for Brexit
by | Sunday, October 07, 2018

May warned of Tory revolt unless she drops Chequers plan for Brexit

Britain's Prime Minister Theresa May dances to the stage to give a speech during the Conservative Party annual conference 2018 in Birmingham , Britain on October 3, 2018. She announced that the government...More..

Mayday call from United flight triggers emergency response at Sydney Airport
by | Saturday, October 06, 2018

Mayday call from United flight triggers emergency response at Sydney Airport

Passengers from other flights barely noticed the incident. Police activated a "full emergency response" and roads were closed after a United Airlines flight from Los Angeles made a mayday call . "We have a f...More..

Petrol, diesel prices cut by Rs 2.50 per litre
by | Saturday, October 06, 2018

Petrol, diesel prices cut by Rs 2.50 per litre

He said that the central government will reduce excise duty by Rs 1.5 while oil companies will absorb the remainder. Maharashtra, Gujarat and the other BJP ruled states were quick to hear him. HPCL shares f...More..

United States unemployment rate falls to 49-year low
by | Saturday, October 06, 2018

United States unemployment rate falls to 49-year low

Most say it's a temporary dip, blaming the effects of Hurricane Florence , which battered and flooded the Carolinas in mid-September, during the time the jobs survey is conducted. Manufacturers expanded thei...More..

Trump hails Canada, Mexico trade pact as win for United States workers
by | Friday, October 05, 2018

Trump hails Canada, Mexico trade pact as win for United States workers

By June tensions seemed to have boiled over, with Trump leaving the G7 in Canada calling Trudeau "very dishonest and weak" just days after U.S. Secretary of Commerce Wilbur Ross announced the imposition of st...More..

Pence Urges Google to Axe 'Dragonfly' Search Project for China
by | Friday, October 05, 2018

Pence Urges Google to Axe 'Dragonfly' Search Project for China

In the speech , Pence also made reference to Chinese authorities' threats to United States companies - such as Delta Airlines - forcing them to list Taiwan as part of China on their websites. "We did not and w...More..

You won’t believe how much luxury carmaker Aston Martin is valued at
by | Friday, October 05, 2018

You won’t believe how much luxury carmaker Aston Martin is valued at

The company had cut its initial market price estimate in the run up to the listing from £5.1 billion to £4.5 billion. Aston Martin follows in the footsteps of rival Ferrari, which publicly floated in 2015. Brex...More..

Toyota recalls 2.4 million Prius, Auris hybrids for software-related stalling
by | Friday, October 05, 2018

Toyota recalls 2.4 million Prius, Auris hybrids for software-related stalling

The recall applies to 1.25 million vehicles in Japan, 807,000 in the USA, 290,000 in Europe and 3,000 in China with the rest across the globe. Toyota says that it was unaware of any accidents caused by the fa...More..

by | Friday, October 05, 2018

Pence speech to slam China over threats, Taiwan

Pence alleged China was waging a sophisticated effort to sway the November 6 elections against Trump's Republican Party in retaliation for his trade policies against Beijing and vowed to continue to expose Beij...More..

VP Pence: China 'Meddling in America's Democracy'
by | Friday, October 05, 2018

VP Pence: China 'Meddling in America's Democracy'

Pence described the encounter in which a Chinese naval vessel came within 45 yards (41 meters) of the USS Decatur as "reckless harassment", and repeated a USA refrain: that the United States Navy "will cont...More..

by | Thursday, October 04, 2018

S.Korean Minister Proposes US-N.Korea Tradeoff

He will then fly to Japan and China to meet his counterparts there, according to the US State Department. Pompeo had previously said last month's inter-Korean summit marked a shift in talks between the United...More..

Maharashtra, Gujarat cut fuel prices by Rs 2.50; Kerala, Karnataka refuse
by | Thursday, October 04, 2018

Maharashtra, Gujarat cut fuel prices by Rs 2.50; Kerala, Karnataka refuse

He said that the central government will reduce excise duty by Rs 1.5 while oil companies will absorb the remainder. The minister recalled that the central government had reduced taxes on fuel last October ...More..

Rupee Hits New All-Time Low Of 73.77 Against Dollar
by | Thursday, October 04, 2018

Rupee Hits New All-Time Low Of 73.77 Against Dollar

Indonesia's central bank governor stressed the need to raise interest rates before the Fed to avoid "drastic" capital outflows in the wake of a heavily flagged Fed hike in December. Mumbai :The rupee fell past ...More..

Mexican, Canadian Steel Lobbies Urge Fix to US Tariff Dispute
by | Thursday, October 04, 2018

Mexican, Canadian Steel Lobbies Urge Fix to US Tariff Dispute

Jersey cows at Silver Spring Farm in Syracuse. Late Sunday night, an agreement called the U.S. -Mexico-Canada Agreement, or USMCA, was reached by the three countries. Frustrated at what it saw as Canadian i...More..

Trade deal returns U.S. to ‘manufacturing powerhouse’
by | Thursday, October 04, 2018

Trade deal returns U.S. to ‘manufacturing powerhouse’

Auto exports from Canada to the United States are to be capped at 2.6 million vehicles, if Trump imposes global tariffs on cars on national security grounds. If you can't cut a trade deal with them, with whom c...More..

Oil rises to 2014 highs on Iran sanctions, Nafta deal
by | Wednesday, October 03, 2018

Oil rises to 2014 highs on Iran sanctions, Nafta deal

According to EIA, weekly estimate of the USA oil production increased by 100,000 barrels per day at 11.1 million barrels per day. Latest Reuters survey shows falling Iranian imports weigh on oil production....More..

by | Tuesday, October 02, 2018

Oil prices reach four-year high ahead of United States sanctions on Iran

West Texas Intermediate (WTI) crude futures were up 24 cents, or 0.3 per cent, at $75.54 a barrel. "U.S. (fiscal) tightening, higher oil prices and ongoing trade frictions are all taking their taking their t...More..

Nationwide test of presidential emergency alert system scheduled for Wednesday
by | Tuesday, October 02, 2018

Nationwide test of presidential emergency alert system scheduled for Wednesday

Johnson directs the agency's public alert warning system that will send out the nationwide test of the presidential alert on Wednesday. While the system was set up following an executive order signed in 200...More..

Amazon to raise minimum wage to $15 for U.S. employees
by | Tuesday, October 02, 2018

Amazon to raise minimum wage to $15 for U.S. employees

That's happened while the e-commerce giant's market value has surged to just under $1 trillion and Bezos has become the world's richest person. The median pay for an Amazon employee past year was $28,446, a...More..

by | Tuesday, October 02, 2018

Amazon will raise company's minimum wage to $15 for all United States employees

Jeff Bezos , the billionaire founder of the e-commerce company, which has become a byword in Britain for low-paying work in recent years, said: "We listened to our critics, thought hard about what we wanted to ...More..

Tesla stock soars as Musk taunts the SEC with a tweet
by | Tuesday, October 02, 2018

Tesla stock soars as Musk taunts the SEC with a tweet

Sigh. After agreeing to a settlement over the weekend with the U.S. Securities and Exchange Commission, which brought a suit against the Tesla CEO a few days ago that threatened to be an expensive distracti...More..

Petrol Breaches Rs 91-Mark, LPG Above Rs 500
by | Tuesday, October 02, 2018

Petrol Breaches Rs 91-Mark, LPG Above Rs 500

Prices of the fuel in Delhi, Kolkata , Mumbai and Chennai were Rs 75.09, Rs 76.94, Rs 79.09 and Rs 79.40 a litre respectively, up from the Sunday's Rs 74.79, Rs 76.64, Rs 79.40 and Rs 79.08 respectively. T...More..

by | Tuesday, October 02, 2018

Donald Trump says new trade deal is 'most important ever'

The Trump administration officially notified Congress of the U.S. -Mexico trade agreement on August 31. Following the announcement, the Canadian dollar rose to its highest value since May against the United S...More..

General Electric replaces CEO with outsider Culp, shares soar
by | Tuesday, October 02, 2018

General Electric replaces CEO with outsider Culp, shares soar

Larry Culp, who becomes chairman and chief executive, oversaw a dramatic recovery at Danaher, another large manufacturer, while Tom Horton, who joins as senior director, restored the fortunes of American Airlin...More..

GE CEO Flannery Removed as Losses Increase
by | Monday, October 01, 2018

GE CEO Flannery Removed as Losses Increase

In pre-market trading, GE's shares are up 14.4% to $12.92. Company shares are on pace for their largest single-day percentage increase since March 2009. Flannery faced a titanic task in redirecting General Ele...More..

New California internet neutrality law sparks USA lawsuit
by | Monday, October 01, 2018

New California internet neutrality law sparks USA lawsuit

The Justice Department announced on Sunday that it filed a lawsuit against the law, arguing that only the federal government can dictate such a sweeping framework for how ISPs like Comcast and AT&T provide in...More..

Elon Musk resigns as Tesla chairman with multi-million dollar settlement
by | Monday, October 01, 2018

Elon Musk resigns as Tesla chairman with multi-million dollar settlement

This is only the midpoint of his Musk-sational 2018 narrative . Musk said that he had " funding secured " for a buyout of the electric-car company at $420 a share, reports The New York Times. The SEC's com...More..