Treasurer Josh Frydenberg’s warning to Australian banks ahead of cash rate cut

ANZ was first major to respond in a move similar to that by big banks following the previous RBA cut in August 2016, when they reduced variable rates by an average 0.13 percentage points and pocketed the rest. In contrast, Athena, RACQ and Reduce H... More..

by | Published more than a month ago
Mnuchin: U.S.-China trade talks progress unlikely before G-20 summit
by | Sunday, June 09, 2019

Mnuchin: U.S.-China trade talks progress unlikely before G-20 summit

The initiative was debated on Thursday during a G20 Ministerial Symposium in the Japanese city of Fukuoka, with the world's leading industrialized countries coming out in favour of setting up a new tax model ...More..

Lynas touts Chinese independence in push for rare earths growth
by | Sunday, June 09, 2019

Lynas touts Chinese independence in push for rare earths growth

A report by the U.S. Commerce Department recommends the government strengthen relations with foreign companies that provide minerals critical to military development. "It is not a good idea to be reliant on a...More..

Trump halts trade war threats as Mexico agrees 'strong measures' on migrants
by | Sunday, June 09, 2019

Trump halts trade war threats as Mexico agrees 'strong measures' on migrants

The deal did not include a key USA demand that Mexico accept a "safe third country" designation that would have forced it to permanently take in most Central American asylum seekers. U.S. and Mexican officials ...More..

Unions blast ‘abysmal’ Ford over closure of Bridgend factory
by | Saturday, June 08, 2019

Unions blast ‘abysmal’ Ford over closure of Bridgend factory

Ford operates two factories in Britain making engines, which are exported for fitting in vehicles in Germany, Turkey, the United States and elsewhere. Trade union leaders were told the news on Thursday (Jun 6)...More..

Mega Millions results for 06/07/19: 1 victor of $530 million jackpot
by | Saturday, June 08, 2019

Mega Millions results for 06/07/19: 1 victor of $530 million jackpot

The $530 million prize is the largest claimed in the game since October 2018, when someone in SC anonymously claimed a record $1.5 billion jackpot. The winning numbers are 17, 19, 27, 40 and 68 for the fi...More..

Trump says verdict on new China tariffs to come after G20
by | Saturday, June 08, 2019

Trump says verdict on new China tariffs to come after G20

US Secretary of Treasury Steven Mnuchin (R, on podium) delivers a speech during the G20 Ministerial Symposium on International Taxation in the G20 Finance Ministers and Central Bank Governors meeting in Fukuoka...More..

Oil plunges into bear market territory, could this be why?
by | Saturday, June 08, 2019

Oil plunges into bear market territory, could this be why?

Brent was last down $1.78, or 2.9 per cent, at $60.19 a barrel. Proving there is no limit to wild speculation when it comes to the crude market, Yahya Rahim Safavi , a top military aide to Iran's supreme l...More..

China grants 5G commercial licences despite U.S. tech battle
by | Saturday, June 08, 2019

China grants 5G commercial licences despite U.S. tech battle

However, the latest issuance is the first time the authority gave green light to commercial layout. ZTE Corp, another Chinese telecom company, said its products are ready for commercial use and it will active...More..

Walmart Set to Deliver Groceries Into Your Home
by | Friday, June 07, 2019

Walmart Set to Deliver Groceries Into Your Home

Walmart has also created 30,000 "personal shopper" jobs in stores who select groceries for customers' online pickup and delivery orders. The retailer, which is the largest USA grocer with 2018 food sales of...More..

Walmart Is Giving Away Free Donuts On June 7, 2019
by | Friday, June 07, 2019

Walmart Is Giving Away Free Donuts On June 7, 2019

Enjoy one of their classic treats - a bare doughnut , a cinnamon sugar doughnut or a powdered sugar doughnut . Donutology (1009 Westport Road, Kansas City, Missouri): Get a free glazed doughnut flavor...More..

by | Friday, June 07, 2019

U.S. private sector adds fewest jobs in May since 2010 -ADP

Bureau of Labor Statistics ( BLS ) - which is scheduled to be released on Friday - the early report from private sector analyst ADP was nothing short of a disaster. The ADP report, which is jointly developed ...More..

FCA Withdraws Renault Merger Offer, Blames French Government for Stalling Deal
by | Friday, June 07, 2019

FCA Withdraws Renault Merger Offer, Blames French Government for Stalling Deal

Fiat Chrysler cited "political conditions in France" for withdrawing its offer to Renault . " FCA remains firmly convinced of the compelling, transformational". The American automaker thanked the heads of ...More..

China Ready to Resume Talks With US: OK, But Under What Conditions?
by | Friday, June 07, 2019

China Ready to Resume Talks With US: OK, But Under What Conditions?

On June 4, the Chinese Ministry of Commerce replied to the USA response by saying the accusation of backpedaling "is nothing more than mudslinging and is not acceptable to China". BEIJING , June 2 ( Xinhua ) - ...More..

Will RBI's repo rate cuts help with India's economic slowdown?
by | Friday, June 07, 2019

Will RBI's repo rate cuts help with India's economic slowdown?

This might be a sigh of relief for common man as loans are expected to get cheaper. The move is expected to lead to reduction of lending rate by banks leading to lower EMI for housing, vehicle loan and corpor...More..

Stocks jump as Fed’s Powell suggests rates could come down
by | Friday, June 07, 2019

Stocks jump as Fed’s Powell suggests rates could come down

Investors are increasingly betting the Fed will cut interest rates this year and a few policymakers have hinted this could be in the cards. The world economy is now expected to expand by 2.6% this year, t...More..

U.S. trade adviser says Mexico tariffs 'might not' go ahead
by | Friday, June 07, 2019

U.S. trade adviser says Mexico tariffs 'might not' go ahead

Markets expect central banks to chip in if trade tensions hurt global econnomy . Bloomberg cited a US official as saying that it is still likely the tariffs will take effect - but if Mexico shows an effort...More..

Trading of Neil Woodford’s flagship fund suspended after investor exodus
by | Thursday, June 06, 2019

Trading of Neil Woodford’s flagship fund suspended after investor exodus

It holds investments in stock market-listed and private firms. The rapidly shrinking fund, which has fallen by around two-thirds from its 2017 AUM peak of £10.2bn, has drawn the attention of investment heav...More..

by | Thursday, June 06, 2019

FCA withdraws from proposed merger with Renault because of French politics

After six hours of talks between the two companies at Renault's headquarters in Paris, Renault said it "was unable to take a decision due to the request expressed by the representatives of the French state to p...More..

French business activity strengthened further in May: PMI
by | Thursday, June 06, 2019

French business activity strengthened further in May: PMI

The country's manufacturing sector performance gained momentum in May as companies lifted output amid strengthening demand conditions, leading to further job creation in the sector, a monthly survey said Mond...More..

Banks pocket $109 million by delaying rate cut
by | Thursday, June 06, 2019

Banks pocket $109 million by delaying rate cut

While it had been loathe to cut rates in previous months for fear of further ratcheting up risky household debt, the bank felt it had to move given inflation has been marooned under its 2-to-3 per cent target b...More..

Fiat Chrysler withdraws bid for Renault
by | Thursday, June 06, 2019

Fiat Chrysler withdraws bid for Renault

Nissan's long resistance to its French partner's request to make the Renault-Nissan alliance "irreversible" could come at a high price for the Japanese automaker, which appears to be the real loser in the prop...More..

Oil falls amid economic slowdown; supply cut consensus offers support
by | Thursday, June 06, 2019

Oil falls amid economic slowdown; supply cut consensus offers support

With U.S. production surging, more of its oil is being exported. Last night it was trading down about 1.8 per cent at $60.85 a barrel. Crude oil price trended lower after the Energy Information Administra...More..

Mexican officials to meet Pence in last-ditch talks to avert tariffs
by | Wednesday, June 05, 2019

Mexican officials to meet Pence in last-ditch talks to avert tariffs

More than that, Americans will pay the price - as they have with Trump's U.S. "That was my basic message", Republican Senator Ron Johnson told reporters after a meeting between lawmakers and White House off...More..

Amazon to open 10 stores in the United Kingdom, starting in Manchester today
by | Wednesday, June 05, 2019

Amazon to open 10 stores in the United Kingdom, starting in Manchester today

In brief the pilot project will enable more than 100 small online businesses to sell on the high street for the first time, help small businesses upskill their workforce through a new £1m fund to train over 150...More..

Amazon Prime Free One Day see massive response in US
by | Wednesday, June 05, 2019

Amazon Prime Free One Day see massive response in US

In addition to one-day shipping , Amazon already offers same-day deliveries on millions of items in 44 major metropolitan areas, as well as its Prime Now program for deliveries in a few hours. Furthermore, the...More..

Pennsylvania woman died days before Maryland couple at same Dominican Republic hotel
by | Wednesday, June 05, 2019

Pennsylvania woman died days before Maryland couple at same Dominican Republic hotel

On May 27, the pair shared photos and messages on their Facebook accounts in which they appeared to be enjoying their vacation. The Bahia Principe Hotel's statement to Fox News said that Schaup "had suffe...More..

Google, Facebook, and Apple shares fall due to antitrust probes
by | Wednesday, June 05, 2019

Google, Facebook, and Apple shares fall due to antitrust probes

Reuters reported that the DOJ has been given jurisdiction over a potential probe of Apple . Since Facebook bought Instagram, the photo app has copied many of rival Snapchat's features, including face filter...More..

Smartphone sales to decline amidst Huawei-US trade war
by | Wednesday, June 05, 2019

Smartphone sales to decline amidst Huawei-US trade war

The firm in a statement addressed to media outlets stated that its global production levels are normal, with no notable adjustments in either direction. Like the fact that many believe that Google services wi...More..

U.S. Justice Department prepares anti-trust investigation of Google
by | Tuesday, June 04, 2019

U.S. Justice Department prepares anti-trust investigation of Google

Officials from the Justice Department's Antitrust Division and Federal Trade Commission, which both enforce antitrust law, met in recent weeks to give Justice jurisdiction over Google , said the sources, who...More..

China warns students: Be careful if studying in the US
by | Tuesday, June 04, 2019

China warns students: Be careful if studying in the US

The United States said Monday it was committed to welcoming Chinese nationals for "legitimate" studies but acknowledged increased visa scrutiny after Beijing warned its students of risks. China's Position o...More..

Elon Musk gets Cuphead up-and-running in Teslas
by | Tuesday, June 04, 2019

Elon Musk gets Cuphead up-and-running in Teslas

What's Elon Musk doing when he's not thinking about trips to space, underground tunnels, or self-driving cars? "It just can't be unaffordable", Musk told Ryan McCaffrey on the Ride the Lightning podcast ...More..

Winning $350 million jackpot ticket sold in North Carolina
by | Monday, June 03, 2019

Winning $350 million jackpot ticket sold in North Carolina

Your odds of winning the jackpot are about 1 in 292 million. That win had a cash option of $162 million but Mega Millions officials did not announce which option the victor accepted. That original jackpot of $7...More..

Not Just You: Google Server Issue Brings Down Services Like YouTube, Snapchat
by | Monday, June 03, 2019

Not Just You: Google Server Issue Brings Down Services Like YouTube, Snapchat

Google is right now recovering from a multi-hour outage that knocked several of its internet services offline for unlucky netizens on Sunday. When that cloud service is out, then outages happen all across the w...More..

Oil posts biggest monthly drop in six months
by | Sunday, June 02, 2019

Oil posts biggest monthly drop in six months

The slower economic growth of the world, mainly due to the ongoing trade tensions between the United States and China, as well as Mexico, will lead to less demand for oil, which, in turn, would put downward pre...More..