Monday, 20 August 2018
Latest news
Home » Markets

Markets

In eye of storm, scant news of Trump summit in North Korea

perth_map

Haas offers a useful warning, though, as people around the world settle in to watch the show in Singapore: "Virtually no North Korea analyst inside or outside of the US government" expects Kim to actually give up his nukes. Media captionBarbed wire and smuggled crabs: Watching North Korea from China How did they arrive? Kim Yong Chol, the North Korean leader's right-hand man, and Vice Minister of Foreign Affairs Choe Son Hui were also included in the entourage. Read More »

FIFA bans Ghana football boss for 90 days

perth_map

Minister for Youth and Sports Isaac Asiamah has disclosed that government has dissolved Ghana Football Association (GFA ), following the premiering of Anas exposé to unravel rots in Ghana football. Ghana, who have played at three previous World Cups, missed out on the this year's tournament which starts in Russian Federation on June 14. "Government is shocked and outraged at the contents of the recently-aired video documentary, which captures the investigation conducted into football ... Read More »

BT CEO Gavin Patterson to leave company following investor kickback

perth_map

The firm has faced endless criticism for its handling of the UK's broadband infrastructure through its Openreach division too, although Patterson managed to avoid a full break-up of the two companies . "The broader reaction to our recent results announcement has, though, demonstrated to Gavin and me that there is a need for a change of leadership to deliver this strategy". Read More »

Oil steady on Venezuela exports, supply concerns

perth_map

Venezuela wrote to fellow OPEC members urging them to unite against US sanctions, echoing a similar letter from Iran, according to people with knowledge of the matter. As speculation swirls over whether Opec and its allies will relax the caps at a meeting in Vienna later this month, Goldman Sachs Group Inc is still bullish on oil as it says stockpiles will continue to diminish this year. Read More »

Rubio on Trump's "very bad" ZTE deal

perth_map

ZTE was assessed $2.29 billion in civil and criminal penalties by the Commerce Department and other US agencies since past year. Finally, while no agreement has been officially inked, the sources in the Reuters article did say ZTE has finished all of its signatures and that the us just needs to finalize the deal. Read More »

JP Morgan CEO Says He's Not Running for President'

perth_map

Warren Buffett has joined forces with Chairman and CEO of J P Morgan Chase Jamie Dimon to convince chief executive officers to end the practice of quarterly profit forecasts, reported CNBC . it can create these potentially negative outcomes". "Business just doesn't work that way". They argue that short-term guidance has encouraged companies to hold off on technology spending and hiring and research, and has even discouraged many private companies from going public at all. Read More »

Trump to leave G-7 summit early, travel directly to Singapore

perth_map

Those new tariffs are in response to the Trump administration's decision to apply import taxes to steel and aluminum. Canada's Trade Minister Francois Philippe Champagne was even more blunt, declaring: "What we are seeing is that the world economic order is under pressure, under attack". Read More »

Elon Musk remains chairman of Tesla's board of directors

perth_map

In April shareholder Jing Zhao tabled the suggestion to split the chairman and chief executive position, while also saying that Musk's involvement with SpaceX and the Boring Company could create possible sources of conflicts for Tesla down the road. Read More »

Merkel comments on Eurozone reform show move

perth_map

EURACTIV's partner Der Tagesspiegel reports . Institutional changes to the European Union would ensure that "its voice is taken seriously in the world", she said . The comments suggest a new willingness by Ms. Merkel to engage with Mr. Macron's proposals, despite signs this year that the chancellor would cede to domestic pressure to keep any eurozone overhauls to a minimum. Read More »

Visa Card Payment Systems Go Down Across Europe

perth_map

As declared, they are investigating the cause, and the resolving of the problem is in process. "This is an issue with Visa and not us I'm afraid". The issue has thankfully been resolved, and Visa has said it was due to a hardware failure. Read More »

The trade war was never on hold, claims White House trade adviser

perth_map

A foreign ministry spokeswoman complained the US decision to renew a threat to raise duties on a $50 billion list of Chinese goods conflicts with an agreement in mid-May aimed at settling that dispute. In the latest blow from the country that is supposed to be their closest friend, the EU, Canada and Mexico found themselves hit yesterday by punishing USA tariffs on steel aluminium imports. Read More »

Donald Trump's preview of jobless report draws criticism

perth_map

The federal jobs data that the Bureau of Labor Statistics releases on the first Friday of each month at 8:30 a.m. Eastern Time the next morning. President Donald Trump promised on the campaign trail to bring real life back to the American economy, and if May's jobs report is any indication of his work almost 18 months into office, Trump has certainly succeeded. Read More »

Alibaba and Cainiao into strategic agreement with ZTO

perth_map

Chinese firm RoboSense has developed the driverless delivery vehicle by using solid-state LiDAR technology known as RS-LiDAR-M1Pre. The unmanned-vehicle basically consists of a unit placed on wheels that is autonomously driven by RoboSense's LiDAR technology, allowing for other retail scenarios, such as a mobile self-pickup station, a mobile coffee vending machine and so on. Read More »

Free FIFA 18 World Cup Update Available Today

perth_map

The FIFA Task Force has inspected the two candidacies for the World Cup and has the power to exclude either bid if they do not meet their requirements. The hotels and health resorts have been preparing to receive guests for the World Cup . Play FIFA's most popular mode in the new , exciting FIFA World Cup ™ Ultimate Team experience. Read More »

Google reportedly not renewing contract for Project Maven drone program

The move is a setback for the Pentagon's push to supercharge the military's capabilities with powerful AI that could help process battlefield data or pinpoint military targets. Google's change will likely do little to slow the military's building march for AI. As previously reported by FOX Business, Google's employees have expressed unease about creating products for the us government. Read More »

Euro recovers on the back of strong eurozone inflation figures

perth_map

The new government coalition consists of the anti-establishment 5-Star Movement and the right-wing League. The U.S. Dollar continued to lose ground against a basket of major currencies on Thursday as investors assessed the potential impact of a euroskeptic government in Italy on the stability of the European Union and its use of the Euro as its currency. Read More »

Singapore Airlines to launch world's longest commercial flight

perth_map

Four airlines now connect Singapore to six United States cities - Honolulu, Houston, Los Angeles , San Francisco, Seattle and New York City. This flight is made possible by Singapore Airlines is set to receive their first Airbus A350ULR (Ultra Long Range) aircraft in September. Read More »

Canada has to 'fight fire with fire': Reaction to Trump's metals tariffs

perth_map

The US now leaves us with no choice but to proceed with a WTO dispute settlement case and with the imposition of additional duties on a number of imports from the US. "That Canada could be considered a national-security threat to the United States is inconceivable", said Trudeau, adding that the people of the USA are not Canada's target, and that the federal government would have far preferred that its hand wasn't forced. Read More »

Sears closing 72 more stores; 2 in Tampa

perth_map

After this round of closures, the company will have about 800 stores, down from about 1,000 at the end of previous year and far below the 2012 peak of 4,000 stores. "By diminishing the quality of the in-store experience, Sears has basically trained consumers to avoid going inside". On Thursday, executives said they were looking into selling the retailer's Kenmore brand of appliances, which has been one of the bright spots in the company's performance. Read More »

Singapore Airlines announces launch date for NY flights

perth_map

New Airbus A35-900ULR (ultra long range) aircraft will be used for the flights lasting up to 18 hours and 45 minutes. Its addition to the global skymap will eclipse the route between Doha and New Zealand's biggest city Auckland, flown by Qatar Airways. Read More »

De Beers man-made diamonds for retail sale after years of resistance

perth_map

Breaking its longstanding vow to only sell natural jewelry, the world's largest diamond-mining company, DeBeers, has chose to start selling lab-made diamonds for the first time in its 130-year history. Element Six does not publish separate earnings figures, but industry sources say it has returned to profit as recovering oil prices have increased demand for industrial stones for drill bits used in oil exploration. Read More »

One paisa petrol price cut: Is there no solution?

perth_map

In what can be termed as an insult to the common man of India, Indian Oil Corporation (IOC) has reduced the Fuel Prices by One Paisa Per Liter. Before the oil retailer corrected the error, the petrol price in Mumbai was pegged at Rs 85.65 per litre and diesel at Rs 73.20 per litre, each falling by 59 paise. Read More »

FBI urges people to reboot their home and office routers

perth_map

Rebooting your router will disrupt any malware currently on it, and the DOJ seizure should prevent the Russian malware from re-installing itself at least for now, according to The New York Times . The security experts added that the most vulnerable devices were manufactured by Linksys , Mikrotik , Netgear , QNAP and TP-Link. Routers generally don't have anti-virus protection. Read More »

Starbucks employees to go for racial bias training

perth_map

Employees will talk about their own experiences, and watch a film about bias. As you've by now heard , today is the day Starbucks closes its 8,000 company-run USA stores for " racial bias training ". Media captionStarbucks staff are getting "unconscious bias" training, but what is it? The incident was recorded and quickly went viral . All employees are undergoing racial bias training. Read More »

Centre working on long-term solution on fuel price hike: Pradhan

perth_map

For example, for one litre of petrol costing Rs 70 the Central and state taxes amounted to Rs. 36.30 and oil price came to only Rs. 33.70 = Rs. 70. The US (19.53 mbd) and China (12.02 mbd) are the top two. Ltd (ONGC) as part of a permanent solution it is working on for moderating the spiralling retail prices of petrol and diesel. However, consumers can expect some relief as the Brent crude oil prices fell to around $78 from $80 per barrel on Friday. Read More »

Trump says Korea talks "going along very well'"

perth_map

However, he hinted Friday that the meeting could happen after all and would "likely" happen on the originally scheduled date. The negotiations come amid doubts over a potential landmark meeting between Kim and US President Donald Trump .On Thursday, the White House called off a June 12 summit with Kim in Singapore, citing " tremendous anger and open hostility " from Pyongyang . Read More »

Why you'll pay a lot more for gas this Memorial Day weekend

perth_map

Analysts say the upward spike is likely to increase into the summer, with prices predicted to reach $3 per gallon nationally. Nationally, 36.6 million said they plan to drive somewhere this weekend, 4.7 percent more than a year ago. President Trump exits Iran deal: U.S. oil prices topped $70 a barrel earlier this month just as President Trump announced the United States is withdrawing from the Iran nuclear deal. Read More »