Finance

Finance Apple suppliers fall due to weak iPhone demand
Author: 0 Apple suppliers fall due to weak iPhone demand

Among other Apple suppliers, South Korea's LG Innotek Co., which gets about half its revenue from Apple, slid as much as 9.5 percent. Reprsenting 60% of Apple's revenues the latest iPhones are not selling at the same volume levels as in the past with suppliers now panicking as Companies such as Lumentum Holdings witnessing a 30% drop in share value due to cancelled orders.

Finance Alibaba's Singles Day beats Amazon Prime Day
Author: 0 Alibaba's Singles Day beats Amazon Prime Day

It crossed the $1 billion milestone in just 1 minute 25 seconds. The biggest spenders were from Shanghai, where this year's Singles' Day gala was held, followed by those in Beijing, Hangzhou and Guangzhou. The 10th edition of the Global Shopping Festival 11.11, which is also called "Double 11" event as it falls on November 11, kicked off on Saturday midnight providing huge discounts on goods ranging from diapers to mobile phones.

Finance Ed Rendell: Democrats, you've won the House -- Don't just investigate, legislate!
Author: 0 Ed Rendell: Democrats, you've won the House -- Don't just investigate, legislate!

He amplified that message with an advertisement linking Democrats and immigrants to violent crime, which aired on NBC on Sunday night. The GOP's grip on high-profile governorships in Georgia and Wisconsin were at risk as well. Democrats were always facing an uphill battle in the Senate this year because they were defending 26 seats, while just nine Republican seats were up for grabs.

Finance Lowe's to close 31 stores across Canada
Author: 0 Lowe's to close 31 stores across Canada

David Soberman, a University of Toronto professor specializing in marketing and retail, said Lowe's 2016 acquisition of Rona Inc.in a deal valued at $3.2 billion. Lowe's says it expects to close the impacted stores by the end of the company's 2018 financial year, February 1, 2019. Northbrook-based Hilco Merchant Services will help manage the store closing process.

Finance USA puts 'maximum pressure' on Iran as sanctions resume
Author: 0 USA puts 'maximum pressure' on Iran as sanctions resume

US Secretary of State Mike Pompeo called this "the toughest sanctions ever placed" against Iran. With new US sanctions on Iran just hours away, Secretary of State Mike Pompeo is warning that they'll really pack an economic punch. The US has been gradually re-imposing sanctions, but analysts say this latest round is by far the most significant. "We are in the war situation", he said.

Author: 0 Asian markets soar on hopes of end to US-China trade war

Trump imposed new tariffs on roughly half of Chinese imports this summer while Beijing fired back with tariffs on most U.S. products. President Trump has imposed tariffs on $250 billion worth of Chinese goods so far this year. Beijing has hit back with its own duties on United States imports. However, a senior Trump administration official on dismissed the report as untrue, a CNBC reporter said in a post on Twitter.

Finance RBI autonomy is ‘essential, accepted governance requirement’: Finance Ministry
Author: 0 RBI autonomy is ‘essential, accepted governance requirement’: Finance Ministry

RBI deputy governor Viral Acharya , pressing for independence of the central bank, said that lack of autonomy prevents it from regulating public sector lenders, the Times of India reported. "Extensive consultations on several issues take place between the government and the RBI from time to time". Regardless of the speculations in media, there are reasons to believe that government is very unlikely to go for the extreme step of invoking Section 7, which would add to its headaches in the ...

Finance Democrat gains in midterms may not be bad news for banks
Author: 0 Democrat gains in midterms may not be bad news for banks

Democrats are hoping that being unsettled will lead voters to search for a place to take out their angst, and they're banking on that place being a vote against Trump on Election Day. "He will also remind Floridians of the critical need to get out and vote for the GOP in the midterm elections". Obama will appear at a rally at the Ice Palace Film Studios in Miami on Friday.

Finance IBM to acquire open-source software firm Red Hat for $34B
Author: 0 IBM to acquire open-source software firm Red Hat for $34B

IBM has seen revenue decline by nearly a quarter since Rometty, 61, took the CEO role in 2012. Its 2013 acquisition of Softlayer gave the company a public cloud toehold, but all the growth in public cloud computing is coming from the big three USA providers, including the above-mentioned companies and Google Cloud.

Finance Man Who Broke His Hip Wins Mega Millions Lottery With Hospital Pool
Author: 0 Man Who Broke His Hip Wins Mega Millions Lottery With Hospital Pool

The next drawing will be held on Saturday at 11 p.m. EST. The lucky victor or winners hit a jackpot worth $1.54 billion in estimated annuity value (or $878 million in cash). 24. The patient was brought to the hospital after he'd been hurt trying to buy a lottery ticket, so the employees, while taking care of his injuries, also took care of getting him a ticket.

Finance Tesla Shares Rise on Q3 Profit Beat
Author: 0 Tesla Shares Rise on Q3 Profit Beat

Tesla chief executive Elon Musk said he expects the company to stay profitable from this point forward, and appeared to calm fears about his behavior, company debt, and snags ramping up production line efficiency. Orders for the company's Model 3 in Europe and China would be taken before the end of this year, Tesla said. The company on Wednesday posted a profit and positive cash flow , making good on pledges made by Musk earlier this year, as the company ramps up volume of its new sedan.

Finance China suggests Trump should ditch ‘tapped’ iPhones for Huawei
Author: 0 China suggests Trump should ditch ‘tapped’ iPhones for Huawei

Lastly, Hua recommended "they should stop using any modern communication equipment and cut off contact with the outside" if they want to ensure absolute security. Why it matters: Once again, Donald Trump is reportedly ignoring security protocols when it comes to using his mobile phones. "If there are concerns about Apple calls being listened-in on, then you can change to Huawei phones", Ms Hua said.

Finance Jamal Khashoggi murder was premeditated, Saudi prosecutor says
Author: 0 Jamal Khashoggi murder was premeditated, Saudi prosecutor says

World Wrestling Entertainment's upcoming event in Saudi Arabia will proceed as scheduled despite an global diplomatic crisis related to the Middle Eastern nation's purported role in the death of journalist Jamal Khashoggi . Turkish officials have told AP that investigators were looking into the possibility that the journalist's remains may have been hidden at those two locations.

Finance Mega Millions lottery ticket sales at
Author: 0 Mega Millions lottery ticket sales at "fever pitch" in Oklahoma

One person who bought a Mega Millions ticket at a store in Oak Forest for Friday's jackpot is now $1 million richer. So, in one single weekend, more than $ 1 billion will shoot out across America to its very luckiest citizens. If there is a victor on Tuesday they will be able to opt for an immediate cash payment of $904m (£692m), or receive the $1.6bn over 29 years. The numbers Friday night were 15, 23, 53, 65, 70 and Mega Ball 7.

Finance Oil slips below US$80 on rising US stockpiles
Author: 0 Oil slips below US$80 on rising US stockpiles

This was important because the two countries are the largest crude oil exporters in the world. United States refineries entering maintenance season, in which major plants go offline for four to six weeks, has also weighed on crude demand and prices.

Finance Powerball, Mega Millions Jackpots Combine To An Estimated $2.22 Billion
Author: 0 Powerball, Mega Millions Jackpots Combine To An Estimated $2.22 Billion

The odds of winning the jackpot are about one in 302 million but, with so many tickets being purchased, the likelihood of rollover becomes increasingly slim. If a player hits all six numbers to win the jackpot, they can opt for an immediate cash payment of £692 million ($90m) or receive the £1.26 billion ($1.6bn) prize over 29 years.

Finance Colbert mocks Trump for finally admitting journalist Jamal Khashoggi is likely dead
Author: 0 Colbert mocks Trump for finally admitting journalist Jamal Khashoggi is likely dead

President Trump said on "Trish Regan Primetime" that it "would be bad" if Saudi Arabia's leadership had any knowledge of Khashoggi's disappearance. Authorities widened the geographic focus of the search after tracking the routes and stops of cars that left the Saudi consulate and the consul's residence on October 2, the day Khashoggi was last seen, the senior officials said.

Finance Oil Prices Rising Ahead Of Iran Sanctions
Author: 0 Oil Prices Rising Ahead Of Iran Sanctions

The West Texas Intermediate for November delivery dropped 2.17 US dollars to settle at 69.75 dollars a barrel on the New York Mercantile Exchange, while Brent crude for December delivery lost 1.36 dollars to 80.05 dollars a barrel on the London ICE Futures Exchange.

Finance Check your tickets. Midlands store sells winning $50,000 Mega Millions ticket
Author: 0 Check your tickets. Midlands store sells winning $50,000 Mega Millions ticket

There wasn't a victor in Tuesday night's Mega Millions drawing . The cash option is usually favored by the winners. It will be the largest jackpot in the game's history and the second largest in the U.S. Virgin Islands. One of the tickets, sold in Texas, included an optional multiplier that increased the winnings to $5 million. The record lottery jackpot was a $1.6 billion Powerball prize won in January 2016.

Finance Saudis know they must act fast on Khashoggi probe, says Pompeo
Author: 0 Saudis know they must act fast on Khashoggi probe, says Pompeo

The report by Yeni Safak adds to the ever-increasing pressure on Saudi Arabia to explain what happened to Khashoggi , who vanished October 2 while visiting the consulate to pick up paperwork he needed to get married. The US has asked Turkey for a recording said to provide strong evidence that missing Saudi journalist Jamal Khashoggi was killed at the Saudi consulate in Istanbul.

Finance Mega Millions jackpot soars to $548 million ahead of Friday night drawing
Author: 0 Mega Millions jackpot soars to $548 million ahead of Friday night drawing

The odds of winning the Mega Millions jackpot are 302,575,350 to 1. Those winning tickets were sold in California, Colorado, Pennsylvania and Wisconsin. The $314 million ranks as the 24th-highest in the game's history and the 41st-highest combined jackpot ever i the U.S. But if you only match two white balls and don't match the yellow ball, you won't win anything.

Finance Turkish police finish search of Saudi consulate as Pompeo heads to Riyadh
Author: 0 Turkish police finish search of Saudi consulate as Pompeo heads to Riyadh

The Kingdom is said to be preparing a report that would admit that Khashoggi was killed as the result of an interrogation that went wrong, CNN reported , citing two unnamed sources. JPMorgan Chase CEO Jamie Dimon, KKR executive David Petraeus and Ford Motor Chairman Bill Ford have also said that they will not attend the Saudi event.

Finance Saudi government preparing to say Khashoggi was killed during interrogation gone wrong
Author: 0 Saudi government preparing to say Khashoggi was killed during interrogation gone wrong

Noticeably absent from discussions was the Saudi crown prince, Mohammed bin Salman, about whom Khashoggi wrote critically for the Washington Post and whose rise to power prompted the writer to go into a self-imposed exile in the US. Ms. Freeland would not discuss what Saudi Foreign Minister Adel al-Jubeir said in his conversation with her Monday. Alhadj said he didn't think the Khashoggi case would have much influence on American officials who retire and go to work for the Saudis, ...

Finance Jamal Khashoggi case: Saudis defy 'threats' over missing writer
Author: 0 Jamal Khashoggi case: Saudis defy 'threats' over missing writer

Khashoggi, a USA resident and Washington Post columnist critical of Saudi Arabia, disappeared on October 2 after entering the Saudi consulate in Istanbul . In protest of Khashoggi's disappearance, several US businesses leaders have pulled out of next week's Future Investment Initiative in Riyadh, dubbed "Davos in the Desert", after the annual meeting of world economic interests in Switzerland.

Finance China defies Trump tariffs, trade surplus soars
Author: 0 China defies Trump tariffs, trade surplus soars

The Chinese currency has been falling in value against the dollar in recent months, raising concerns that China is devaluing its currency as a way to make Chinese goods more competitive against US products. The central bank has tightened controls on currency trading to head off further declines. Mnuchin would not say what the report would reveal, but in the past Treasury has placed China on a watch-list but said it did not meet the requirements to be labeled a currency manipulator.

Finance Dow Down Over 1,000 Points Over Two-Day Span
Author: 0 Dow Down Over 1,000 Points Over Two-Day Span

US crude dropped 3 percent while Brent crude, the worldwide standard, dropped 3.4 percent. On Wednesday, President Donald Trump said the Fed "is making a mistake" with its campaign of rate increases. That decline came after the Dow's largest single-day drop in history, when it fell 1,175 points earlier that month. Shares in upscale jewellery retailer Tiffany & Co and perfume maker Estee Lauder both fell 7 percent after a warning from French luxury goods firm LVMH about softening demand ...

Finance Toyota recalls 2.4 million Prius, Auris hybrids for software-related stalling
Author: 0 Toyota recalls 2.4 million Prius, Auris hybrids for software-related stalling

Approximately 400,000 additional recalled vehicles were mostly sold in Europe, Asia, Africa, and Australia. The company says the issue differs from problems with the Prius fail-safe mode that were addressed in the 2014 and 2015 recalls. The vehicles were involved in an earlier recall that did not fix the previously unanticipated problem that is being addressed now, the company said in a statement .

Finance Petrol, Diesel Is Now Cheaper By Rs 5/Litre! Find Out How?
Author: 0 Petrol, Diesel Is Now Cheaper By Rs 5/Litre! Find Out How?

Petrol rate is the highest in Mumbai and diesel rate is the highest in Chennai. Diesel prices were also reduced by Rs 2.50 per litre to Rs 72.95 per litre. Finance Minister Arun Jaitley on Saturday assured the markets that the government would not go back to regulating fuel prices. As per the Finance Minister, the states can cut Value-Added Tax by Rs 2.5, and hence, make the overall reduction of price by Rs 5 per litre.

Finance Angus has concerns about new trade deal
Author: 0 Angus has concerns about new trade deal

Canadian dairy farmers stand to lose 3.59 per cent of their market under the new trade deal , known as USMCA . “For instance, it looks like the USA will be able to ship 2,084 metric tons of cheese to Canada tariff free in the first year the agreement is in force with half the cheese being for industrial use and half for retail, ” he said.

Finance Canada's finance minister touts USMCA but says dairy, steel sectors need help
Author: 0 Canada's finance minister touts USMCA but says dairy, steel sectors need help

Matthew Pottinger, the USA official spearheading China policy on the National Security Council, told an audience at the Chinese Embassy last week that the United States and China were undeniably engaged in competition. The trade deal, which must be ratified by the legislatures of all three countries, also includes side agreements that would exempt up to 2.6 million passenger vehicle imports into the US a year apiece from Mexico and Canada if the USA imposes a new 25 percent global auto tariff ...

Finance Canada and the United States reach a deal on NAFTA
Author: 0 Canada and the United States reach a deal on NAFTA

Reaching a pact with Canada allows the 24-year-old pact to remain trilateral and for the U.S. to check another box for its legislative process in the lead up to a congressional vote. 2 trading partner, was left out when the USA and Mexico reached an agreement last month to revamp the North American Free Trade Agreement. According to one high-level American source, the text of the deal was finalized around 9:30 p.m.

Finance President Trump speaks at the UN
Author: 0 President Trump speaks at the UN

Following more laughter, Trump said , " Didn't expect that reaction , but that's okay". Rouhani earlier said that as a precondition for any dialogue, Trump would need to fix the damage done by exiting the nuclear deal. "We will never surrender America's sovereignty to an unelected, unaccountable global bureaucracy", he said. Trump blasted what he called the "corrupt dictatorship" of Iran and accused the government in Tehran of spreading "mayhem" across the Middle East and around the ...

Finance Oil jumps as market tightens, more gains seen
Author: 0 Oil jumps as market tightens, more gains seen

In addition to US sanctions cutting Iranian supply, the world is also dealing with a decline in Venezuelan oil production due to an economic crisis in the Latin American nation, according to Trafigura's Luckock. Benchmark Brent oil LCOc1 reached $80 a barrel this month, prompting Trump to reiterate on Thursday his demand that the Organization of the Petroleum Exporting Countries lower prices.

Finance Michael Kors is close to buying Versace for $2 billion
Author: 0 Michael Kors is close to buying Versace for $2 billion

Michael Kors , whose namesake label is best known for its leather handbags, has made no secret of its ambition to grow its portfolio of high-end brands after swooping on British stiletto-heel maker Jimmy Choo for $1.2 billion previous year.

Finance Michelle Guthrie Dumped As ABC Boss
Author: 0 Michelle Guthrie Dumped As ABC Boss

The board is appointed by the federal government, with Milne, who is also chairman of MYOB and a former NBNCo director, chosen for the role by his friend and former PM Malcolm Turnbull a year ago. Australian-born Guthrie trained as a lawyer and worked at Foxtel and BSkyB, before taking pan-Asian roles at Star TV in Hong Kong and latterly at Google , in Singapore.

Finance Oil steady, supported by USA stocks and supply concerns
Author: 0 Oil steady, supported by USA stocks and supply concerns

The world's biggest crude exporter believes it may no longer be possible to avoid higher prices as USA sanctions on Iranian exports crimp supply, according to people familiar with Saudi Arabia's view. Opec and oil producers outside the group, including Russian Federation, will meet on Sunday to revise oil production quotas. For the same period, analysts expected crude inventories to decrease by about 2.7 million barrels.

Finance Passengers hurt after flight loses cabin pressure
Author: 0 Passengers hurt after flight loses cabin pressure

Over 30 passengers in Jet Airways flight which is flying from Mumbai to Jaipur suffered nose and ear bleeding. An AAIB official said the incident could be a case of negligence on the part of the pilots since controlling cabin pressure is part of mandatory checks before operating a flight.

Finance USA oil prices surge as inventory draw adds to supply concerns
Author: 0 USA oil prices surge as inventory draw adds to supply concerns

Benchmark Brent crude already is nearing $80 a barrel and analysts believe it may go even higher as production remains low. The warning came from the group's top official as looming unilateral USA sanctions on oil sales by Iran , OPEC's third-biggest supplier, are scheduled to take effect on November 4.

Finance Boy Arrested Over Australia's Needles In Strawberries Scare
Author: 0 Boy Arrested Over Australia's Needles In Strawberries Scare

That's the same penalty faced by those found guilty of financing terrorism or child pornography. "That's how seriously I take this", Mr Morrison said . Needles have been found in strawberries in all six states, with New Zealand announcing this week it would pull the Australian-grown fruit from its supermarket shelves.

Finance Trump claims China tariffs successful
Author: 0 Trump claims China tariffs successful

Trump also warned in a statement on Monday that if China takes retaliatory action against USA farmers or industries, "we will immediately pursue phase three, which is tariffs on approximately $267 billion of additional imports". But it is unclear whether Beijing will agree to come to Washington with the new tariffs set to go into effect. "So we've negotiated and negotiated and negotiated and given them chance after chance after chance".

Finance Six berry brands linked to needle sabotage
Author: 0 Six berry brands linked to needle sabotage

The farms are not related to the farm packaging strawberries under the Berry Licious and Berry Obsession brands which was hit with a needle crisis earlier in the week. Already struggling with low prices, strawberry growers are imploring customers to keep buying their fruit after sewing needles were discovered in punnets.

Finance Amazon's Bezos says Trump should be 'glad' of media scrutiny
Author: 0 Amazon's Bezos says Trump should be 'glad' of media scrutiny

The Seattle-based Bill and Melinda Gates Foundation as the world's largest private nonprofit foundation has an endowment worth over $40 billion USA and has long supported homelessness services for families in the city. But it's really unsafe to demonize the media. And while his new charitable endeavor should be applauded, many have noted that a number of his Amazon workers remain underpaid and endure hard working conditions.

Finance British Airways investigating theft of customer data
Author: 0 British Airways investigating theft of customer data

The airline discovered on Wednesday that bookings made between August 21 and September 5 had been infiltrated in a "very sophisticated, malicious criminal" attack, BA Chairman and Chief Executive Alex Cruz said. She tweeted: "My bank... are experiencing extremely high call volumes due to this breach! They´re a shambles", he told the Daily Telegraph newspaper.

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