Finance

McCaskill Shreds Trump's Military Deployment To Border

McCaskill Shreds Trump's Military Deployment To Border Say what you want about Trump , but he very honestly said that he was determined to get a border wall , that he preferred to have this discussion in front of the entire world and that he would be willing for the government to shut down over it. [Full Article...]

Stocks cheered by Trump trade talk; sterling plagued by politics

Stocks cheered by Trump trade talk; sterling plagued by politics A 25 percent tariff on US soybeans Beijing imposed on July 6 in retaliation for Washington's duties on Chinese goods remains in effect. In a meeting with Reuters , Trump said talks were occurring with Beijing by telephone and he would not raise taxes on Chinese imports until the point when he was certain about an arrangement. [Full Article...]

Apple to build new $1-billion campus in Texas

Apple to build new $1-billion campus in Texas The new North Austin campus will span 133 acres and initially accommodate 5,000 employees, eventually increasing to 15,000. Cities are eager to bring in more tech employers because companies like Apple and Amazon ladle out six-figure salaries to engineers and other skilled workers. [Full Article...]

House passes bill to reauthorize farm programs, food aid

House passes bill to reauthorize farm programs, food aid The legislation over the years has provided farmers with crop insurance, subsidies and loans. "The farm bill is becoming more flexible to provide a reasonable amount of support" to farmers, says Dale Moore, executive vice president of the American Farm Bureau Federation in Washington and former chief of staff at the US Department of Agriculture (USDA). [Full Article...]

Kotex tampons recalled for unraveling concerns, could get stuck in body

Kotex tampons recalled for unraveling concerns, could get stuck in body The recall is limited to the tampons manufactured before October 16, 2018. In some cases, users had to seek medical attention to remove pieces of broken tampons left inside their bodies. No other Kotex products are effected by the recall, the company said. Customers can identify whether they are affected by the recall by looking at the lot numbers on the bottom of the tampon packaging. [Full Article...]

U.S. investment banks see low oil prices despite OPEC cut

U.S. investment banks see low oil prices despite OPEC cut Another American multinational investment bank and financial services firm Morgan Stanley said Monday that it lowered its oil price forecast by $10 a barrel for next year. An oil output cut would also provide the Iran, as it will be increasing the crude price, supporting the economy of OPEC's third largest producer. Perry's visit to Dhahran came as Crown Prince Mohammed bin Salman unveiled sta... [Full Article...]

British Prime Minister Theresa May faces no-confidence vote

British Prime Minister Theresa May faces no-confidence vote The threat to May has been building as pro-Brexit Conservative lawmakers grew increasingly frustrated with the prime minister's handling of Brexit . It comes days after May postponed a vote to approve the divorce deal to avoid all-but-certain defeat. [Full Article...]

Will Try to Uphold Autonomy & Credibility of RBI: Shaktikanta Das

Will Try to Uphold Autonomy & Credibility of RBI: Shaktikanta Das Mr Das assured that he will hold fair, frank, and objective consultations with all stakeholders as this will add depth and value to the issues. "I have convened a meeting with CEOs and MDs of public sector banks tomorrow morning. "So, there has to be discussion between government and RBI". In a tweet, Mr. Das said, "Assumed charge as Governor, Reserve Bank of India". "The policy of the RBI... [Full Article...]

Google says it didn't use resources to target Latino voters in 2016

Google says it didn't use resources to target Latino voters in 2016 But Democrat Jerry Nadler called the bias issue a "fantasy" drummed up by conservatives and said "no evidence supports this right-wing conspiracy theory". Pichai remained evasive. After answering dozens of questions ranging from privacy to employee misconduct, the tech exec downplayed the importance of Project Dragonfly and dodged a request not to release such a tool to the Chinese government. [Full Article...]

Australia to develop digital watchdog to monitor Facebook and Google

Australia to develop digital watchdog to monitor Facebook and Google Around 94 per cent of online searches in Australia use Google , the ACCC's preliminary report says. "It is potentially a game changer", Margaret Simons, an associate professor of media at Monash University in Melbourne, said by phone, since it would bring the tech companies under a regulatory framework more typically applied to media firms. [Full Article...]

Huawei exec Meng Wanzhou's lawyers fight for her freedom at bail hearing

Huawei exec Meng Wanzhou's lawyers fight for her freedom at bail hearing Lawyers for Meng argued that she should be granted bail, saying that a combination of high-tech devices and a multi-million dollar bond could ensure she does not flee. David Martin told the court: 'Given her unique profile as the face of a Chinese corporate national champion, if she were to flee or breach her order in any way in these very unique circumstances, it does not overstate to say she wou... [Full Article...]

China grants Qualcomm a ban on some iPhone sales

China grants Qualcomm a ban on some iPhone sales Qualcomm's general counsel, Don Rosenberg, said in a statement Monday that if Apple doesn't heed the orders, it will seek enforcement of them through tribunals that are part of the Chinese court system. In a ruling issued last week, the Chinese court sided with Qualcomm , but the immediate impact of the order was not clear. Qualcomm announced today that it has won two preliminary injun... [Full Article...]

Urjit Patel resigns as RBI Governor over 'personal reasons', PM Modi reacts

Urjit Patel resigns as RBI Governor over 'personal reasons', PM Modi reacts Patel's three-year tenure was scheduled to end early September 2019 and he had hinted at rate cuts in the future if the RBI continues to see a dip in inflation. PM Modi also said Patel "steered the banking system from chaos to order and ensured discipline". Analysts said the dispute between the RBI and the government could have been a major factor in Patel's decision to resign. [Full Article...]

Nissan and its ex-chief Carlos Ghosn charged with hiding £35m

Nissan and its ex-chief Carlos Ghosn charged with hiding £35m On Monday, authorities are expected to press formal charges over this allegation, and re-arrest him on suspicion that he also under-reported his income by a further 4 billion over the past 3 years. In a statement following the charges, Nissan Motor Co said that it was taking "extremely seriously" the charges made against it, Mr Ghosn and Mr Kelly. [Full Article...]

Greater Victoria had second lowest unemployment rate in Canada

Greater Victoria had second lowest unemployment rate in Canada It said the number of people employed in cannabis-related jobs - including bud trimming - in November rose 266 percent to 10,400, against the same period a year earlier. While this data series tends to be volatile, the overall state of Canada's jobs market so far this year had been one of decent employment gains that are neither too hot nor too cold but with some concerning signs - up until Novemb... [Full Article...]

Nissan to be indicted over Ghosn's alleged financial misconduct

Nissan to be indicted over Ghosn's alleged financial misconduct Nissan vice president Seiji Honda said the company was reviewing internal systems for its regulatory compliance. A Nissan Motor panel on Tuesday failed to nominate a successor to Carlos Ghosn as chairman following his arrest and dismissal for alleged financial misconduct in November, a source knowledgeable with the situation informed Reuters . [Full Article...]

Tumblr announces massive change to website

Tumblr announces massive change to website A month after having its app removed from the iOS store because child pornography content was found on the site, Tumblr is moving to ban a range of adult content. D'Onofrio said there is no shortage of sites on the internet that feature adult content and tumblr now focus its efforts on creating "the most welcoming environment possible for our community". [Full Article...]

OPEC+ Agrees Joint Cut despite Trump Pressure

OPEC+ Agrees Joint Cut despite Trump Pressure We have just seen that the biggest crash in oil prices since the 2008 financial crisis is raising fears about the global economy and causing pain for USA oil producers. The OPEC oil bloc does not make its decisions based on "politicians' appeals on Twitter", Russian Energy Minister Alexander Novak said on Thursday. [Full Article...]

Uber filed paperwork for IPO, says report

Uber filed paperwork for IPO, says report The move towards the public listing was made as Uber filed paperwork to the US Securities and Exchange Commission on Thursday for a flotation that has always been expected to debut in 2019. Its IPO will be underwritten by JPMorgan Chase and Credit Suisse Jeffries. Uber exited other countries because it had a smaller market share and was burning a lot of cash. [Full Article...]

'very strong signals' that China is ready for a trade deal

'very strong signals' that China is ready for a trade deal The Chinese and American trade teams have good communication and have already reached a high level of consensus, he added. Beijing tried to boost optimism over the world's two largest economies yesterday, after days of interventions from Mr Trump and his advisers. [Full Article...]


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