BMW plans to take over joint venture in China

Assuming regulators and its partner, Brilliance China Automotive, approve the deal, BMW will take control of the Chinese business in 2022, when the government lifts its 50-50 ownership requirement for passenger cars powered by gasoline or diese... More..

by | Published more than a month ago
This is the world’s longest flight, filled with uniqueness
by | Sunday, October 14, 2018

This is the world’s longest flight, filled with uniqueness

Singapore Airlines will use the long-range Airbus A350-900ULR, configured to carry 161 passengers - 67 in business class and 94 in premium economy, with no economy seats. The A350-900ULR will offer custome...More..

No one wins Mega Millions drawing, jackpot now at $654M
by | Sunday, October 14, 2018

No one wins Mega Millions drawing, jackpot now at $654M

Numbers have been drawn for a lottery jackpot that would be the ninth-largest lottery in USA history. Friday's jackpot is likely to beat the third-highest total of $540 million from July 2016, depending on tick...More..

Oil Prices Fall To Two-week Lows
by | Sunday, October 14, 2018

Oil Prices Fall To Two-week Lows

OPEC Secretary-General Mohammad Barkindo said on Thursday that oil producers are very concerned about spare output capacity amid a reduction in energy-industry investment. Oil prices gave back early gains ...More..

Worlds top traders divided on oil outlook as Iran sanctions loom
by | Saturday, October 13, 2018

Worlds top traders divided on oil outlook as Iran sanctions loom

Brent crude futures fell $US2.83 overnight to settle at $US80.26 a barrel, a 3.41 per cent loss, after hitting a low of $US79.80, its weakest since September 24. The South Asian nation was hoping to lift signi...More..

Trump blames stock market drop on Federal Reserve
by | Saturday, October 13, 2018

Trump blames stock market drop on Federal Reserve

Asked if he would fire Federal Reserve Chairman Jerome Powell - his own nominee - President Trump told reporters he was not considering such a move. The market has been rattled by rising interest rates, s...More..

On the world's new longest flight, there is no cattle class
by | Saturday, October 13, 2018

On the world's new longest flight, there is no cattle class

Tilo Kruger was boarding the flight with three friends - all members of the "first to fly" club, which was formed after the inaugural Airbus A380 flew from Singapore to Sydney in 2007. She said capacity wo...More..

Boston Dynamics' Atlas robot shows off parkour, agility skills in new video
by | Saturday, October 13, 2018

Boston Dynamics' Atlas robot shows off parkour, agility skills in new video

Despite Boston Dynamics being sold by Google's parent company Alphabet to Japanese company SoftBank for an undisclosed sum in 2017, there has been no indication as to what direction the robot's development is h...More..

Tesla has officially filed to trademark Elon Musk's 'Teslaquila' (TSLA)
by | Saturday, October 13, 2018

Tesla has officially filed to trademark Elon Musk's 'Teslaquila' (TSLA)

The eccentric Tesla CEO - who is in the midst of settling fraud charges with the SEC that nearly cost him control of the electric-car maker - appears to be getting into the liquor business. When the newspaper ...More..

Facebook trims data breach to 29 million users as FBI probes
by | Saturday, October 13, 2018

Facebook trims data breach to 29 million users as FBI probes

On Friday, the company's vice president of product management Guy Rosen said "fewer people were impacted than we originally thought", with access tokens stolen from around 30 million accounts. Earlier thi...More..

IKEA India plans to invest Rs 1,000 crore in Bengaluru
by | Saturday, October 13, 2018

IKEA India plans to invest Rs 1,000 crore in Bengaluru

Best known for its low-priced flat-pack furniture and sprawling out-of-town stores, Ikea opened 19 new outlets around the globe, including its first in India and Latvia in August. "IKEA has seen continued gro...More..

China's September export growth tops forecasts, surplus with US record high
by | Friday, October 12, 2018

China's September export growth tops forecasts, surplus with US record high

The September surplus with the US was larger than China's overall trade surplus of $31.69 billion for the month. Li Kuiwen, a spokesman from the country's customs agency, also told reporters trade growth may ...More..

International Monetary Fund forecasts India's 2018 growth at 7.3 pc, praises GST, bankruptcy code
by | Friday, October 12, 2018

International Monetary Fund forecasts India's 2018 growth at 7.3 pc, praises GST, bankruptcy code

The Breton Woods institution, which said this at the Annual General Meetings of the IMF/World Bank now going in Bali, Indonesia, also revised downwards growth prospects for Nigeria in 2018 from 2.1 per cent to ...More..

European Union says there has been ‘no breakthrough’ in Brexit talks
by | Friday, October 12, 2018

European Union says there has been ‘no breakthrough’ in Brexit talks

She added that Northern Ireland was not being offered the "best of both worlds". He suggested all 10 DUP MPs could vote down this month's budget to "pull the government back into keeping its promises". The de...More..

Trump says Fed ‘making a big mistake’ by being too aggressive
by | Friday, October 12, 2018

Trump says Fed ‘making a big mistake’ by being too aggressive

Even chief Trump economic adviser Larry Kudlow, qualifying the president's opinion of Fed chair Jerome Powell's Fed, said he thought the central bank was "on target", and that its ability to raise rates was a s...More..

PM Khan vows to steady Pakistan as bailout looms
by | Thursday, October 11, 2018

PM Khan vows to steady Pakistan as bailout looms

Finance minister Asad Umar, who is attending the annual meeting of the World Bank and International Monetary Fund , announced earlier this week that Prime Minister Imran Khan given the go-ahead to hold tal...More..

Nikkei plunges by over 1000 points in afternoon trading
by | Thursday, October 11, 2018

Nikkei plunges by over 1000 points in afternoon trading

The blue-chip index plunged more than 830 points - or 3.2 percent - at its close as traders fretted about raising interest rates and the sell-off of once-high-flying tech stocks. "If investors are going to take...More..

by | Thursday, October 11, 2018

Trump calls stock sell-off 'a correction,' says Federal Reserve is 'crazy'

I think the Fed has gone insane", Mr. Trump told reporters after landing in Erie, Pa., for a political rally. A stock market correction is defined as a decline of at least 10% from the high point of the pas...More..

Sudden jump in U.S. interest rates prompts Wall Street stock plunge
by | Thursday, October 11, 2018

Sudden jump in U.S. interest rates prompts Wall Street stock plunge

Microsoft gave up 3.3 percent. Adams, of Bloomberg Intelligence, said investors have concerns about their future profitability, too. The 10-year Treasury note yield traded around 3.23 percent, while the two...More..

International Monetary Fund upgrades outlook on Russian Federation as economy recovers
by | Thursday, October 11, 2018

International Monetary Fund upgrades outlook on Russian Federation as economy recovers

UBG chairman and FPCCI former president Iftikhar Malik said the IMF programme will come with specific external, fiscal and monetary measures, which will likely result in slowdown in GDP growth to around 4 perce...More..

Fed's interest rate increases 'don't have to go as fast'
by | Thursday, October 11, 2018

Fed's interest rate increases 'don't have to go as fast'

I think the Fed has gone insane", Trump told reporters shortly after markets closed, as he arrived in Erie, Pennsylvania for a rally. A stock market correction is defined as a fall of at least 10 per cent from ...More..

by | Thursday, October 11, 2018

Markets Right Now: Stocks fall sharply as bond yields rise

The tech sector was hit hardest, with Netflix down almost 7 per cent, Amazon down 5 per cent and Apple, Google and Facebook all down more than 3 per cent. Traders work on the floor at the closing bell of th...More..

Sears On Brink Of Bankruptcy, Report Says
by | Thursday, October 11, 2018

Sears On Brink Of Bankruptcy, Report Says

Sears had no comment on the report . Sears stores at Golden Triangle Mall in Denton and Ridgmar Mall in Fort Worth closed this year. Restructuring through a bankruptcy filing may not solve Sears' under...More..

Google Photos update makes an already smart app even smarter
by | Thursday, October 11, 2018

Google Photos update makes an already smart app even smarter

In our hands-on preview of the new Pixel 3 and Pixel 3 XL smartphones , we covered numerous new features Google announced on stage during its big press event. On the subject of other wireless chargers: the...More..

Saudi Arabia to supply extra oil to India as Iran sanctions loom
by | Wednesday, October 10, 2018

Saudi Arabia to supply extra oil to India as Iran sanctions loom

The Trump administration is considering waivers on sanctions, a US government official said on Friday. The country previously held oil in storage at Dalian during the last round of sanctions in 2014 that was ...More..

International Monetary Fund says Pakistan has not asked it for a bailout so far
by | Wednesday, October 10, 2018

International Monetary Fund says Pakistan has not asked it for a bailout so far

Released in Bali during the annual meeting of the International Monetary Fund and the World Bank , the IMF's flagship World Economic Outlook said its 2019 growth projection for China is lower than in April, ...More..

China Foreign-Currency Reserves Drop on Trade Tensions, Yuan
by | Wednesday, October 10, 2018

China Foreign-Currency Reserves Drop on Trade Tensions, Yuan

Pence's speech marked a sharper U.S. approach towards China , going beyond the bitter trade war between the world's two biggest economies, which has magnified concern about the outlook for China's economy. On ...More..

by | Wednesday, October 10, 2018

India may continue with Iranian oil imports post sanctions

He said that India has its own energy requirements to fulfil. US Secretary of State Mike Pompeo last month said that on November 4th the sanctions against Iran will be enforced and that the US will consider...More..

International Monetary Fund raises Israel growth forecast
by | Wednesday, October 10, 2018

International Monetary Fund raises Israel growth forecast

The global organisation said that India's growth has rebounded from "transitory shocks" such as the demonetisation of high value currency notes and the introduction of the Goods and Services Tax . The IMF,...More..

DHS: No Reason to Doubt Firms’ Denials of China Hack
by | Tuesday, October 09, 2018

DHS: No Reason to Doubt Firms’ Denials of China Hack

In a Monday letter to Congress , Apple wrote that the claims in the Bloomberg story were "simply wrong". Of course, Apple has issued denials before, seemingly created to split hairs and skirt the act...More..

Saudi Arabia unable to replace lost Iranian oil - Iran’s oil minister
by | Tuesday, October 09, 2018

Saudi Arabia unable to replace lost Iranian oil - Iran’s oil minister

China is reportedly reducing its oil imports from Iran , though it's not likely to fully comply with the USA demands. LONDON-Oil prices started the week under pressure, amid reports the US could grant wa...More..

Tehran says Saudi Arabia unable to replace lost Iranian oil
by | Monday, October 08, 2018

Tehran says Saudi Arabia unable to replace lost Iranian oil

Oil dropped below $83 a barrel on Monday, pressured by expectations that some Iranian oil exports will keep flowing after the USA reimposes sanctions, easing a strain on supplies. Addressing foreign governments...More..

Markets Right Now: Stocks fall as bond yields rise further
by | Monday, October 08, 2018

Markets Right Now: Stocks fall as bond yields rise further

After the data, interest rate futures traders were still largely expecting a Fed rate hike in December while the bond market's gauges on investors' inflation outlook rose. The Nasdaq composite climbed 35 points...More..

Petrol, diesel prices continue to surge, rise to three-week high
by | Monday, October 08, 2018

Petrol, diesel prices continue to surge, rise to three-week high

In the national capital, petrol is priced at Rs 82.03 per litre, while diesel rates have now escalated to Rs 73.82 following the revision. In Chennai, petrol and diesel retailed at Rs 85.04 per litre and ...More..

Million Pounds Of Ground Beef Recalled For Salmonella
by | Monday, October 08, 2018

Million Pounds Of Ground Beef Recalled For Salmonella

On October 4, 2018, JBS Tolleson , Inc., of Tolleson, Arizona, recalled approximately 6.5 million pounds of beef products, including ground beef, which may be contaminated with Salmonella Newport. Once the ...More..