Markets

After Modi raises Indias pricing concerns, Opec says no oil supply worries

After Modi raises Indias pricing concerns, Opec says no oil supply worries

South Korean Ambassador to Tehran Ryu Jeong-hyun says companies in his country understand the significance of the Iranian market and will not leave it under the U.S. The EIA data has showed that oil s...

by · Markets
Pressured over missing writer, Saudi Arabia lashes out

Pressured over missing writer, Saudi Arabia lashes out

Stocks have dropped as much as 9% since Khashoggi disappeared on October 2 after walking into the Saudi consulate in Istanbul. In a joint statement , Jeremy Hunt, Jean-Yves Le Drian and Heiko Maas ...

by · Markets
Mega Millions hits largest jackpot ever

Mega Millions hits largest jackpot ever

IN leads the nation in Powerball jackpot wins with 39. The chance of matching all six numbers is one in 302 million. Meanwhile, an estimated $ 654 million is up for grabs in the next Mega Mill...

by · Markets
OPEC slashes growth forecast for global oil demand

OPEC slashes growth forecast for global oil demand

The global benchmark has retreated after hitting a four-year high of $US86.74 on October 3. India imported 528,000 bpd of Iranian oil in September, up by 1 percent from August, due to delays of some...

by · Markets
Brent crude turns lower as weaker demand view weighs

Brent crude turns lower as weaker demand view weighs

Supply from Iran during September dropped to a two-and-a-half year low, the IEA said, as customers continued to cut back in the run-up to new sanctions, which start on November 4. " Oil bulls are...

by · Markets
Hackers accessed intimate information of 14 million Facebook users

Hackers accessed intimate information of 14 million Facebook users

Facebook says the FBI is investigating a major security breach of its service, but the company says authorities asked it not to discuss who may be behind the attack. But the software bugs made user in...

by · Markets
Jetliner lands in USA after world's longest flight

Jetliner lands in USA after world's longest flight

That means more space, with 67 flat-bed seats in a 1-2-1 configuration for business class and 94 premium economy places in a mostly 2-4-2 arrangement at the rear. The flight which is flying from the...

by · Markets
International Monetary Fund not formally approached by Pakistan for financial assistance: chief economist

International Monetary Fund not formally approached by Pakistan for financial assistance: chief economist

The latest of these exchanges saw US President Donald Trump impose a 10 percent tariff on $200 billion (£153 billion) worth of Chinese goods in September, which would increase to 25 percent by the end...

by · Markets
Brexit deal 'within reach' says Barnier

Brexit deal 'within reach' says Barnier

Blasting the proposed deal, she said: "Trade from Great Britain into Northern Ireland would be in danger of restriction". "Having engaged with numerous EU27 states, it is clear that Northern Ireland...

by · Markets
Oil prices steady after Iranian exports fall further

Oil prices steady after Iranian exports fall further

Jeremy Weir , chief executive of Trafigura, said at the Oil & Money conference in London that he would not be surprised to see oil trade at more than $100 per barrel next year. The country's large...

by · Markets
Rupee plunges to fresh record low of 73.77 against dollar

Rupee plunges to fresh record low of 73.77 against dollar

The 10-year yield fell 13 basis points to 8.03 percent. The domestic currency closed at a record low of 73.34, down by 43 paise or 0.59 per cent on Wednesday. In anticipation of a rate hike, banks l...

by · Markets
Rupee breaches 74 as RBI holds rate

Rupee breaches 74 as RBI holds rate

Consequently, the reverse repo rate under the LAF remains at 6.25 per cent, and the marginal standing facility (MSF) rate and the Bank Rate at 6.75 per cent. The bank are predicted to act to tackle ri...

by · Markets
Cut in petrol, diesel prices shows government's sensitiveness: Shah

Cut in petrol, diesel prices shows government's sensitiveness: Shah

It had resisted the call for a reduction in excise duty since May when retail rates first shot up and then again from mid-August when fuel prices started moving up. The minister also maintained that T...

by · Markets
Oil prices in NY highest in almost 4 years

Oil prices in NY highest in almost 4 years

The national average gas price was $2.875 per gallon on Friday, according to AAA, up 1.4 percent in the past month and 11.7 percent higher than a year ago. High oil prices make Americans question th...

by · Markets

Amazon raising minimum wage to $15 an hour for USA workers

An employee packs a box at the Amazon.com Inc. fulfillment center in Robbinsville, New Jersey, U.S., on Thursday, June 7, 2018. Bernie Sanders last month introduced legislation called the Bezos Act ...

by · Markets
Tesla shares soar after Musk settles with SEC

Tesla shares soar after Musk settles with SEC

The electric car-making company must also appoint two new independent directors to its board, establish a new committee of independent directors and implement additional oversight of Musk's future com...

by · Markets
50 million Facebook accounts hacked: All questions answered

50 million Facebook accounts hacked: All questions answered

This latest hack involved bugs in Facebook's " View As " feature, which lets people see how their profiles appear to others. What European regulators decide as a course of action could offer a telli...

by · Markets
Tesla shares jump after SEC settlement leaves Musk as CEO

Tesla shares jump after SEC settlement leaves Musk as CEO

Tesla jumped in pre-market trading after Elon Musk settled a United States lawsuit over his take-private tweet storm, reassuring investors that the billionaire will keep calling the shots at the el...

by · Markets
Tesla shares jump after Musk settles with SEC

Tesla shares jump after Musk settles with SEC

Shares of Tesla jumped almost 16% today after chief executive Elon Musk settled with the US Securities and Exchange Commission ( SEC ) over charges of misleading investors, heading off moves to fo...

by · Markets
Oil jumps, then pares gains as Trump pressures OPEC again

Oil jumps, then pares gains as Trump pressures OPEC again

Brent crude futures were up 87 cents, or more than 1 percent, at $82.07 a barrel by 10:43 a.m. EDT (1443 GMT) having touched a session peak of $82.22, the highest price since November 2014. Algiers ...

by · Markets