Stories about Finance

Sep 24 2018

Why Michael Kors Is on the Verge of Buying Versace

Donatella Versace , sister of late founder Gianni who doubles as artistic director and vice-president of the Milan-based group, has called a staff meeting for Tuesday, a...

Sep 24 2018

Could you stay 30 hours in a coffin?

An amusement park is upping its creep game by giving away $300 to people who can sleep inside a closed coffin for 30 hours. Participants can bring a friend, but once th...

Sep 24 2018

Iran to continue exporting crude despite fresh USA sanctions

The decision by Opec and its allies not to urgently increase output at their meeting in Algiers was in effect a snub to US President Donald Trump , who has been persis...

Sep 24 2018

Porsche is done with diesels--this time for real

A German public prosecutor fined Volkswagen €1bn (£900m) earlier this year, after finding the company had sold more than 10 million cars with emissions-test cheating soft...

Sep 24 2018

Based PNC Treasury Management joins Ripple's blockchain network

Talking to CNBC, Ripple's Sagar Sarbhai said he was "confident" xRapid will go into commercial application before the close of 2018. Ripple has so far avoided be...

Sep 24 2018

Michelle Guthrie Considering Legal Action After Shock Axing From Top ABC Job

ABC managing director Michelle Guthrie has been sacked effective immediately because it was "not in the best interests" of the broadcaster for her to stay in the job. ...

Sep 23 2018

Major Australian chain temporarily stops selling needles amid strawberry scare

He also revealed that investigators believe the original sabotage was confined to three strawberry brands sold in Queensland. Imported Australian strawberries are under...

Sep 23 2018

Japan's oil refiners temporarily halt Iranian loadings on sanctions threat

Iranian oil exports have dropped ahead of sanctions as several countries have begun to curtail their purchase from the Middle-East producer. Under the mechanism, India...

Sep 23 2018

Trump Presses OPEC to Reduce Prices as Crude Trades Near $80

A few days back, the EIA predicted that the USA crude oil production was 10.9 Million bpd for August, which was increased by 120,000 bpd from June. The US overtook S...

Sep 23 2018

Quick-fire auction may settle Sky bidding war

The auction pits Rupert Murdoch's 21st Century Fox , which already owns 39% of Sky, against Comcast. The Panel said the auction would be completed on Saturday evening ...

Sep 22 2018

Hundreds queue as Tesco opens first Jack’s discount stores

Most products will be Jack's own brand and the chain will have 2,600 lines. In 1919, Tescos founder Jack Cohen started selling armed forces surplus stock from his marke...

Sep 22 2018

Audi Unveils Its First All-Electric SUV To Rival Tesla In The US

Audi says up to 30% of the car's range is achieved thanks to its energy recuperation system. Don't be fooled though, because the e-tron uses cameras that are linked to OL...

Sep 22 2018

RBS and Barclays criticised for online banking outages

A Barclays spokeswoman said: "We're very sorry about the technical problems our customers have experienced today". The spokesperson added: "Everything is now back up an...

Sep 22 2018

India May Look to Lock in Oil Futures to Stem Rupee Slide

Another media story from TOI revealed that India is in contact with the European Union to figure an alternate payment mechanism for oil imports from Iran. Earlier, In...

Sep 21 2018

Britain's Tesco takes on discount rivals with launch of Jack's

The group has ensured that Jack's will be a low cost model, in order to obtain the lowest possible prices, with the aim of providing 8 products 10 manufactured in the Uk....

Sep 21 2018

Tesla Model 3 earns flawless 5-Star safety rating from NHTSA

Whether it was front impact, side impact, or rollover testing, the Model 3 performed to a T, earning the full five stars on each test. The Model 3 isn't just great to...

Sep 21 2018

Oil holds just below $80, supported by supply concerns

Oil prices firmed on Tuesday after Saudi Arabia indicated it was comfortable with a higher price range ahead of a meeting between major producing countries in Algeria. ...

Sep 20 2018

Amazon considering opening 3000 cashierless stores

Amazon has already built four stores with the high-tech concept, with their first store opening in Seattle in 2016. The 2,000-square-foot Chicago location, which get...

Sep 20 2018

Amazon launches small business shop

The new online store will sell items from 20,000 small businesses, spanning 25 categories from back-to-school supplies to kitchen utensils. Storefronts is all about hig...

Sep 20 2018

Crossover Audi E-Tron has become a production model

Audi execs promised a wide lineup of 20 electric and hybrid vehicles by 2025 - the e-tron is just the start. Tesla CEO Musk has long said he welcomes the arrival of m...