Stories about Finance

Oct 14 2018

Oil rebounds towards $81 but weaker demand view weighs

Brent crude fell $1.55, or 1.9%, to $81.54 US a barrel late Thursday morning, off the session low of $81.14, its weakest since September 26. Brent prices were up almos...

Oct 13 2018

OPEC cuts forecast for global oil demand growth in 2019

Brent crude fell 56 cents a barrel to $79.70 by 12:16 p.m. EDT (1616 GMT), after dropping 3.4 percent on Thursday. West Texas Intermediate (WTI) crude futures fell $1....

Oct 13 2018

Is The Fed Trying To Tank The Trump Economy Before The Midterms?

He has frequently criticised the U.S. central bank for gradually raising interest rates, and on Wednesday reiterated his position: "I really disagree with what the Fed is...

Oct 13 2018

Boston Dynamics’ Atlas robot learns parkour

Earlier this year, the SoftBank-owned outfit taunted us with a clip of its SpotMini robot opening a door with its claw-like arm (positioned where the head should be, fo...

Oct 13 2018

Singapore to NY

The move to ditch economy will further cement Singapore Airlines as a premium service provider, as they continue to move away from their budget-friendly past image. Th...

Oct 13 2018

Personal details of 30 million Facebook users leaked in latest security breach

The company found out about the attack on September 25 and it took them two days to close the vulnerability by resetting the access tokens for people who were potential...

Oct 13 2018

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

According to the Financial Times , "two people briefed on the discussions said Mr. Murdoch, who is now a non-executive director of Tesla, was the lead candidate for th...

Oct 13 2018

Ikea to launch e-commerce operations in India

Swedish home furnishings retailer Ikea would commence its e-commerce operations in the country by March next year, Ikea India Chief Executive Officer Peter Betzel s...

Oct 12 2018

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

Imports of American goods increased 9 percent to $12.6 billion, down from 11.1 percent. "China's trade surplus will keep rising because the domestic economy is cooling ...

Oct 12 2018

Donald Trump says Federal Reserve is 'out of control'

Trump , who departed for Erie just before markets closed on Wednesday, was briefed by officials about the sell-off. Higher interest rates makes it more expensive to borro...

Oct 12 2018

India’s debt lower than best, emerging market economies

The Outlook said the global economy is expected to grow at 3.7 percent this year and next year - down 0.2 percentage points from an earlier forecast, as the trade war s...

Oct 12 2018

Northern Irish party threatens to topple Theresa May's United Kingdom government

Theresa May has briefed senior ministers on the status of the Brexit negotiations as concerns grow in some quarters of her cabinet and party that she is prepared to agre...

Oct 12 2018

Pakistan has formally requested for financial assistance

The ongoing trade war between the US and China could start having material effects on the economies of both countries within the coming years, according to new projecti...

Oct 11 2018

MARKET MELTDOWN: Global Markets Reel, But Dow Turns Positive

A surge in Treasury yields appears to be fueling the losses, as the 10-year US Treasury yield spiked last month and has continued to climb throughout October, landing at ...

Oct 11 2018

I don't like Fed raising interest rates so quickly, says Trump

The broad selloff took the S&P 500 to the lowest in three months, the Dow Jones Industrial Average plunged as much as 836 points and the Nasdaq 100 Index tumbled more tha...

Oct 11 2018

Was Saudi journalist Jamal Khashoggi a victim of Middle East rivalry?

She added: "Although this incident could potentially fuel a political crisis between the two nations, let us not lose sight of the human aspect of what happened". Accordi...

Oct 11 2018

International Monetary Fund downgrades outlook for U.S., China as result of trade war

The IMF concluded a consultative visit last week with a warning that Pakistan needed to quickly secure "significant external financing" to stave off a crisis, though it...

Oct 11 2018

Trump Criticizes Central Bank for Raising Rates

Ahead of a campaign rally for the USA mid-term elections, Trump told reporters: "I think the Fed is making a mistake". They include the USA trade war with China and the...

Oct 11 2018

Sears could finally be nearing bankruptcy after years of decline

Securities and Exchange Commission. Lampert, who for weeks has been pushing a debt restructuring proposal that would avoid a Chapter 11 filing, is now focused on a deal...

Oct 11 2018

US markets drop sharply as investors are spooked by rising rates

WINNERS AREN'T WINNING: Tech stocks and companies that sell non-essentials to consumers have been some of the top performers over the past year, almost doubling the perfo...