• Wall St mixed as US-Canada trade talks end

    Wall St mixed as US-Canada trade talks end

    Finance

    Despite the trade tensions that dominated much of the year, the main indexes have inched to record levels, helped by solid earnings and economic data pointing to a strong USA economy. The S&P financial index (.SPSY) fell 0.25 percent with JPMorgan (JPM.N) down 0.8 percent, Goldman Sachs (GS.N) off 0.2 percent and Citigroup (C.N) which dropped 0.7 percent.
  • Theresa may has performed in Kenya with scouts: amusing videos

    Theresa may has performed in Kenya with scouts: amusing videos

    Finance

    In Nigeria, Africa's biggest economy and most populous nation, May also promised closer commercial ties and promoted the longstanding presence of British companies in the country. "We have democracy in common and we need to defend it together". Kenya has one of the world's toughest policies on single-use plastics - it is illegal to produce, sell or even use plastic bags in the east African country.
  • Barnier stands firm on erecting post-Brexit border in Irish Sea

    Barnier stands firm on erecting post-Brexit border in Irish Sea

    Finance

    But London has so far rejected the idea of the backstop, saying it would create a border between Northern Ireland and the rest of the UK. EU Chief Brexit negotiator Michel Barnier said that the European Union is prepared to offer the United Kingdom a deal like it has never before to any other country.
  • Electric scooters set to zip into city

    Electric scooters set to zip into city

    Finance

    But the city had said there was room for just five . After months of controversy, a shared service for e-scooters was finally legalized to offer convenience to riders in the US city of San Francisco. Both companies, though, will have to resubmit community engagement and outreach plans because the SFMTA felt the outreach plans from both companies failed to meet the "high expectations" that allows everyone to participate in the pilot program even if a person does not use the scooter.
  • Losing Focus: Ford Scraps Plans to Offer Next Focus in US

    Losing Focus: Ford Scraps Plans to Offer Next Focus in US

    Finance

    The vehicle was expected to be available in the U.S.in the second half of next year. Ford has officially canceled its plans to import the Focus Active to the USA next year. The move signals that President Donald Trump's trade policies have started to affect major production decisions in the auto industry. General Motors Co.
  • Brexit fallout: Panasonic to move Europe headquarters from United Kingdom to Amsterdam

    Brexit fallout: Panasonic to move Europe headquarters from United Kingdom to Amsterdam

    Finance

    The Japanese government has previously warned that its companies could move their business elsewhere in Europe following Brexit. In the run-up to March 2019, a number of multinationals have said they plan to move jobs out of the UK. Mr Abadie told the Nikkei Asia Review that Panasonic had been considering the move for 15 months, because of Brexit-related concerns such as access to free flow of goods and people.
  • CBOE May Launch Ether Futures by the End of 2018

    CBOE May Launch Ether Futures by the End of 2018

    Finance

    This information, reported by Business Insider , would make CBOE the first United States exchange to have such a listing. The CME established BTC futures trading on 17th December after the launching of BTC futures by the CBOE . CBOE has also been looking into Bitcoin ETF's , while Gemini is getting comfortable with the NASDAQ stock exchange as well. According to undisclosed sources, the release of the futures is planned for the end of 2018.
  • India shortlisted for Uber’s flying taxi service

    India shortlisted for Uber’s flying taxi service

    Finance

    Uber will choose one of the cities from these five shortlisted countries as its third launch city after Dallas and Los Angeles in the U.S. for its air mobility project. "Uber Air has a tremendous potential to help create a transportation option that goes over congestion, instead of adding to it". Very soon after five years, Uber customers in the selected cities for the launch will be able to press a button to request a flight on demand.
  • KFC predicts 2018 baby name of year will be 'Harland'

    KFC predicts 2018 baby name of year will be 'Harland'

    Finance

    The company is using a series of actors, comedians and musicians to play Sanders in television ads, and his likeness is common in the chain's newly remodeled locations. The future Harlands will all share a birthday with KFC's founder, Col. Harland Sanders. The victor will be notified on or around October 15, and awarded with the $11,000 donation, as well as an additional $3,850 to offset taxes, according to the official rules.
  • Lawmakers, union call for override of Trump's federal pay raise freeze

    Lawmakers, union call for override of Trump's federal pay raise freeze

    Finance

    In contrast to civilian employees, troops are due for a 2.6 percent pay increase next year. "I disagree with the notion that the main problem with government is the people working in government". "Accordingly, I have determined that it is appropriate to exercise my authority to set alternative across-the-board and locality pay adjustments for 2019".
  • Argentine Peso Hits New Low

    Argentine Peso Hits New Low

    Finance

    Investors are still concerned though, as Macri admitted there was a "lack of confidence in the markets" about Argentina's ability to pay its $24.9 billion (£19 million) peso- and foreign currency - denominated debt payments in 2019. The IMF said the deal was conditional as long as Argentina started implementing stronger fiscal and monetary policies to bring in some revenue too.
  • Import Tariffs Kill the Last Ford Focus for the US Market

    Import Tariffs Kill the Last Ford Focus for the US Market

    Finance

    Building the Focus Active at the MI plant didn't make sense because Ford anticipates selling less than 50,000 of the model here, said Kumar Galhotra, president of Ford North America, during a Detroit press conference Friday. Canceling the Focus Active is the latest move in Ford's oft-evolving strategy for global passenger cars. The vehicle was expected to be available in the U.S.in the second half of next year.
  • India's GDP growth surges over 8 percent, boost for Modi before election

    India's GDP growth surges over 8 percent, boost for Modi before election

    Finance

    That was much stronger than economists' prediction of 7.6% and higher than the 7.7% expansion in the preceding quarter. Strong acceleration in value addition was led by the farm sector and double-digit growth in the manufacturing sector. Agricultural growth, which mainly captures the 2017-18 Rabi season activity, increased from 3% to 5.3% between Q1 2019 and Q1 2018. The government also revised the core sector growth figure for June to 7.6% and for May to 4.3%.
  • Trump and Trudeau upbeat about prospects for NAFTA deal by Aug 31

    Trump and Trudeau upbeat about prospects for NAFTA deal by Aug 31

    Finance

    Canada and the United States are making progress and could have a deal by Friday on a rewrite of the North American Free Trade Agreement , Canadian Prime Minister Justin Trudeau said Wednesday. The prime minister sidestepped a question Tuesday about whether he would be willing allow more access to the Canadian market. Mexico paved the way by agreeing to a NAFTA 2.0 with the United States on Monday.
  • Donald Trump threatens to pull United States out of World Trade Organization

    Donald Trump threatens to pull United States out of World Trade Organization

    Finance

    China is a thorn, per US Trade Representative Robert Lighthizer, who views China's 2001 entry into the body as a mistake . A United States withdrawal from the WTO potentially would be far more significant for the global economy than even Trump's growing trade war with China, undermining the post-World War II system that the United States helped build.
  • Rupee breaches 71 against dollar for the first time

    Rupee breaches 71 against dollar for the first time

    Finance

    Mumbai: The rupee slumped to a fresh record low of 71 against the dollar for the first time ever by falling 26 paise on persistent demand for the USA currency amid rising crude prices . Apart from high crude oil, outflow of foreign funds from the Indian equity and bond markets has had an adverse impact on the rupee. . Brent crude oil gained 12 cents to $77.58 this morning, while West Texas Intermediate was trading at $69.64 at 9.50am in Tokyo, up 13 cents since opening.
  • India’s GDP grows at 8.2%, cements its position as fastest growing economy

    Finance

    A Reuters poll, HDFC Bank's research and a CARE Ratings report are expected 7.6 percent GDP growth for the first quarter of current fiscal. The GDP growth figure of 8.2 per cent means India is the fastest growing major economy in the world, and comes as a boost for Prime Minister Narendra Modi's government after demonetisation and GST had led to a slowdown in the economy.
  • Aston Martin planning to float by the end of 2018

    Aston Martin planning to float by the end of 2018

    Finance

    The sports auto maker has been considering an initial public offering for some time. Aston Martin , the British manufacturer of luxury cars, will be going public in one of the most high profile IPOs this year . " Aston Martin . has been transformed into a luxury business focused on creating the world's most handsome high-performance cars", CEO Andy Palmer said in a statement .
  • Warren Buffett says Berkshire buying own stock, more Apple

    Warren Buffett says Berkshire buying own stock, more Apple

    Finance

    The companies did not disclose the details of the deal including the stake size or the amount invested by the US-based Berkshire . Berkshire Hathaway Inc has picked up a Rs 25 billion stake in the parent of digital payments firm Paytm, a source said, its first investment in an Indian startup as it forays into the financial payments sector.
  • Coca-Cola to buy United Kingdom coffee chain Costa for $5.1B

    Coca-Cola to buy United Kingdom coffee chain Costa for $5.1B

    Finance

    She said: "This transaction is great news for shareholders". Whitbread bought Costa in 1995 from founders Sergio and Bruno Costa and presently runs about 2,400 stores in the United Kingdom and some 1,400 around the world. Costa's maroon shop front is now one of the most ubiquitous sights on British high streets, with 2,422 outlets in the United Kingdom and a further 1,399 in global markets, operated as franchises, joint ventures and wholesale outlets.
  • A Tesla gets airborne after hitting a railway crossing at ludicrous speed

    A Tesla gets airborne after hitting a railway crossing at ludicrous speed

    Finance

    The Tesla skidded after landing, and eventually hit a tree in a parking lot. The vehicle became airborne before losing control and crashing into the parking lot of Assikinack Public School. A 46-year-old man was charged with risky driving following a single-vehicle collision on August 28. Both the driver and passenger sustained minor injuries.
  • Trump cancels planned January pay increase for civilian federal workers

    Trump cancels planned January pay increase for civilian federal workers

    Finance

    Under current law, the 2.1 percent across-the-board pay raise was scheduled in 2019 for all civilian federal employees, as well as location-based increases. "As noted in my budget for fiscal year 2019, the cost of employing the federal workforce is significant", he wrote. Trump is not anxious about the effect of freezing federal pay on the government's ability to be successful in "recruiting, retaining and rewarding high-performing Federal employees and those with critical skill sets".
  • Court quashes Canadian approval of Trans Mountain oil pipeline

    Court quashes Canadian approval of Trans Mountain oil pipeline

    Finance

    Kinder Morgan shareholders voted overwhelmingly, 99 percent, to approve the $4.5 billion Canadian (US$3.4 billion) sale of the pipeline to the government shortly after the court decision was announced . Taylor said the pipeline and its associated infrastructure are likely to have impacts on many species, but because of the popularity of killer whales, they tend to act as a "flare" for numerous issues associated with the project.
  • JetBlue increases fees for checked bags

    JetBlue increases fees for checked bags

    Finance

    Travelers will be watching to see if the larger airlines - American , Delta and United - match JetBlue's increase in bag fees. Carry-on bags and one personal item are still free. The fee was originally $150 and is now up to $200. It could make sense to buy an upgraded option if the difference is fare would be lower than the cost of checking your bags.
  • TPG and Vodafone announce merger

    TPG and Vodafone announce merger

    Finance

    The "merger of equals" will create a company with more than 27,000km of fibre networks and 5000 sites, supporting 1.9 million subscribers across Australia. Combined with Vodafone's improving mobile offer - it has 19% of the market - TPG's broadband could help attract customers disaffected with Telstra and Optus.
  • YouTube alternative Facebook Watch launches in the UK

    Finance

    Just over a year after its launch in the U.S., Watch video channels and social interactions will be available around the world. Still, Facebook claims more than 50 million American users view at least a minute of video on Watch every month, with viewing rates increasing.
  • Elon Musk is back to insinuating Thai cave diver is a

    Elon Musk is back to insinuating Thai cave diver is a "pedo"

    Finance

    Unsworth and to the companies I represent as leader", Musk tweeted. "Sorry pedo guy, you really did ask for it". The spat between the two was ignited after Berlin-based motivational speaker Tijen Onaran tweeted an opinion piece about Musk crying in an interview with The New York Times .
  • 99.40% of demonetised notes returned: RBI

    99.40% of demonetised notes returned: RBI

    Finance

    While currency in circulation has been increasing, "the use of digital payments, which had surged to a peak in December 2016 in the aftermath of demonetisation fell back to the elevated post-demonetisation trend before rising in recent months", according to the report.
  • New U.S.-Mexico trade agreement is hardly a done deal

    New U.S.-Mexico trade agreement is hardly a done deal

    Finance

    The US-Mexico discussions focused on crafting new rules for the automotive industry - which Mr Trump has put at the heart of his drive to rework trade pact (which he has repeatedly called a "disaster") for American workers. But the country has in the past insisted that it would not be bullied into accepting a deal without working through its areas of concern and it seems likely the Friday deadline will pass without a new agreement in place.
  • U.S., Mexico reach tentative trade deal that could replace NAFTA

    U.S., Mexico reach tentative trade deal that could replace NAFTA

    Finance

    Though details of the new agreement are still unclear, it will predictably become less profitable for Canada than under NAFTA, which was condemned by the USA president as the " single worst deal ever approved ". The Administration says it will proceed with the new deal regardless of what happens with Canada, but that promise could run up against several roadblocks.
  • What’s in Trump’s proposed trade deal with Mexico?

    What’s in Trump’s proposed trade deal with Mexico?

    Finance

    The new deal will be called the United States-Mexico Trade Agreement , Trump said Monday. Ford, GM, and Fiat Chrysler - the US's largest automakers - all got a boost Monday following the announcement that the USA and Mexico reached an agreement on parts of NAFTA.
  • Donald Trump announces new trade deal with Mexico

    Donald Trump announces new trade deal with Mexico

    Finance

    New name: The new deal between the us and Mexico will aptly be called the United States-Mexico Trade Agreement, doing away with the NAFTA name, which Trump claims has "bad connotations", per Reuters . According to one 2013 study , NAFTA was directly responsible for raising the USA trade deficit with Mexico from $17 $177 billion, and cost the U.S.
  • Toyota to invest $500m in Uber at $72b valuation

    Toyota to invest $500m in Uber at $72b valuation

    Finance

    It seems Uber has plans to up its game in the self-driving auto industry. Uber suspended testing on public roads following a fatal accident in Tempe, Arizona, in March. The testing has been going on for months as vehicle makers and technology companies compete to be the first with cars that operate on their own. Uber, he said, nearly had to take on a partner after the crash.
  • Trump announces trade deal with Mexico, Canada on sidelines

    Trump announces trade deal with Mexico, Canada on sidelines

    Finance

    President Donald Trump says he intends to terminate the North American Free Trade Agreement and call its replacement "the United States-Mexico Trade Agreement" - a name that would exclude the third NAFTA partner, Canada. Trump says that on Friday, the Mexican deal will go to the lawmakers. The announcement of a U.S. -Mexico agreement lifted financial markets. "We are now inviting the Canadians in as well and hope that we can reach a fair and successful conclusion with them as well", a ...
  • Warren Buffett set to pick up stake in Paytm

    Warren Buffett set to pick up stake in Paytm

    Finance

    The Mumbai-based Economic Times reported the talks Monday, noting that if Berkshire follows through by paying $285.4 million to $356.7 million for a 3-4% stake in One97 Communications , it would be Buffett's first direct investment in India.
  • Aramco puts off IPO until 'conditions are optimal'

    Finance

    Headquartered in the Persian Gulf port of Dhahran, Saudi Aramco produces 10 percent of the world's crude oil, according to the Economic Times, and was billed by Bloomberg earlier this year as the "world's most profitable company". Authorities had said they were aiming for a possible listing by the end of 2018. Aramco's announcement this month that it is in talks to acquire a major stake in Sabic, the region's biggest chemicals company, has also cooled off the rush to list the energy company.
  • USA dollar declines amid Fed Chair Powell’s speech

    USA dollar declines amid Fed Chair Powell’s speech

    Finance

    Powell, speaking at the annual Jackson Hole monetary conference, also said declining economic mobility, an unsustainable federal deficit and low productivity are long-term structural challenges. His words reinforcing the Fed's plan to gradually raise rates seemed to have reassured investors. Powell sketched a positive picture of the US economy and said the Fed's incremental approach to raising rates has so far succeeded.
  • AMLO's Oil Stand Keeping US, Mexico From Nafta Agreement

    AMLO's Oil Stand Keeping US, Mexico From Nafta Agreement

    Finance

    Front and center in the talks has been the auto industry - a central pillar of Trump's drive to rework the 24-year-old deal - which he says has been a " disaster " for American workers. Seade predicted Saturday that the nations will also agree on a method to update NAFTA without the threat of a so-called " sunset clause ", an automatic expiration after five years - as the US has sought since October.