China cuts bank reserve requirement to spur economy amid trade war

PBOC's latest move came at the end of a week-long national day holiday in China . Beijing has stepped up liquidity support across the financial in recent months as policymakers have focused on calming fears of capital outflows and sought to soot... More..

by | Published 10 days ago
by | Wednesday, October 10, 2018

Despite US sanctions, India will buy oil from Iran in November

India is the world's third-largest oil importer, and Iran's second-biggest oil customer after China. India, a major buyer, has ordered Iranian oil for November, although New Delhi does not yet know whether ...More..

PM stresses need to ‘effectively’ defend decision on International Monetary Fund bailout in media
by | Wednesday, October 10, 2018

PM stresses need to ‘effectively’ defend decision on International Monetary Fund bailout in media

President Donald Trump has slapped tariffs on US$250 billion in Chinese goods this year, and Beijing has retaliated with levies US$110 billion of American products. Both of those figures would mark the slowest ...More..

US Govt Backs Apple, Amazon Denials of Spy Chip Report
by | Tuesday, October 09, 2018

US Govt Backs Apple, Amazon Denials of Spy Chip Report

The US Department of Homeland Security also chimed in, stating that it is in agreement with the United Kingdom on this and has "no reason to doubt the statements " from companies named in the initial story . ...More..

Oil prices steady after Iranian exports fall further
by | Tuesday, October 09, 2018

Oil prices steady after Iranian exports fall further

The Indian orders have reportedly been placed by Indian Oil Corp (IOC) and Mangalore Refinery and Petrochemicals Ltd (MRPL). Oil prices held little changed on Tuesday, as more evidence emerged that crude ex...More..

Crude oil futures fall 1.44% on weak global cues
by | Monday, October 08, 2018

Crude oil futures fall 1.44% on weak global cues

The official said the administration "is ready to work with countries that reduce their imports on a case-by-case basis". The US administration is "in the midst of an internal process" of considering signific...More..

Toronto and USA stocks lower in late-morning trading; Loonie lower
by | Monday, October 08, 2018

Toronto and USA stocks lower in late-morning trading; Loonie lower

The Dow Jones Industrial Average rose 138 points, or 0.5 percent, to 26,912. USA futures pointed to 0.4% opening losses for both the S&P 500 and the Dow Jones Industrial Average, after the latter benchmark hi...More..

Petrol, diesel prices start rising again
by | Monday, October 08, 2018

Petrol, diesel prices start rising again

Prior to Friday's cut, petrol price had risen by Rs 6.86 a litre and diesel by Rs 6.73 since mid-August - the most in any six-week duration after the daily price revision was introduced in mid-June previous yea...More..

5 million pounds of beef recalled for possible salmonella cont
by | Monday, October 08, 2018

5 million pounds of beef recalled for possible salmonella cont

The recalled beef is marked with "EST.267" on the packaging. The agency posted a 33-page list of the recalled items, which were shipped to retail locations and institutions across the country. Since the JBS T...More..

Oil drops as U.S. considers granting some waivers on Iran crude sanctions
by | Monday, October 08, 2018

Oil drops as U.S. considers granting some waivers on Iran crude sanctions

State Department continues to ask for OPEC to tap its reserve supplies. "The Saudis won't flood the market and they don't want to see it oversupplied", said Giovanni Staunovo, an analyst at UBS Group AG. In...More..

Mattress Firm to close up to 700 stores amid bankruptcy filing
by | Monday, October 08, 2018

Mattress Firm to close up to 700 stores amid bankruptcy filing

The retailer has been criticized for having too many stores in the United States. CEO Steve Stagner said in a statement that the mattress retailer would be closing as many as 700 stores in markets where i...More..

Unilever abandons plans to move headquarters to Netherlands - business live
by | Monday, October 08, 2018

Unilever abandons plans to move headquarters to Netherlands - business live

Public declarations of opposition to the move were around 12 percent of its London-listed share capital heading into Friday's announcement, almost half of the shares by value needed to vote it down, based on ...More..

Canada's unemployment rate dips in September
by | Monday, October 08, 2018

Canada's unemployment rate dips in September

September job numbers reinforce the likelihood of an October interest rate hike by the Bank of Canada, and keep a firm foundation on further moves in 2019, Porter said. This marked the seventh straight month th...More..

Slower Than Expected Job Growth in September
by | Sunday, October 07, 2018

Slower Than Expected Job Growth in September

Hurricane Florence, the storm that made landfall along the mid-Atlantic US coast on September 14, caused widespread disruption for homes and employers but it was not possible to determine the extent to which th...More..

Strong US economy buoys dollar, puts Asian currencies on skids
by | Sunday, October 07, 2018

Strong US economy buoys dollar, puts Asian currencies on skids

Authorities have moved to ring-fence Infrastructure Leasing & Financial Services, while the RBI has pledged to inject $5 billion into the system through bond purchases as it tries to ease the liquidity squeez...More..

Oil prices dip on rising USA supply, but Iran sanctions still loom
by | Sunday, October 07, 2018

Oil prices dip on rising USA supply, but Iran sanctions still loom

According to the oil minister, the United States is trying to reduce Tehran's oil revenue to zero and this has made the markets to tighten and consequently resulted in higher oil prices . A maze of crude oi...More..

Amazon Cuts Monthly Incentives, Stock Awards After Salary Increase
by | Sunday, October 07, 2018

Amazon Cuts Monthly Incentives, Stock Awards After Salary Increase

After the new changes, the restricted stock units (RSU) program will be phased out for stocks that become vested in 2020 and 2021, and will be replaced with a direct stock purchase plan by the end of 2019. Last...More..

United Airlines low fuel mayday triggers Australia emergency landing
by | Saturday, October 06, 2018

United Airlines low fuel mayday triggers Australia emergency landing

An airport representative said there were no further delays as a result of the emergency and that the airport remained operational. Safety regulator Airservices Australia said no passengers were at risk durin...More..

Petrol, diesel to be cheaper by Rs 3 in Hyderabad
by | Saturday, October 06, 2018

Petrol, diesel to be cheaper by Rs 3 in Hyderabad

However, the Federation of All Maharashtra Petrol Dealers Association (FAMPEDA), Chairman, Uday Lodh, while welcoming the reductions, pointed out that the daily price increase by the Oil Marketing Companies w...More..

U.S. jobless rate at lowest since 1969
by | Saturday, October 06, 2018

U.S. jobless rate at lowest since 1969

U.S. construction companies hired 23,000 more workers last month after increasing payrolls by 26,000 jobs in August. August's job gains were also revised significantly higher in Friday's report, with the BLS ...More..

May appeals for party unity at ‘toughest phase’ of Brexit
by | Saturday, October 06, 2018

May appeals for party unity at ‘toughest phase’ of Brexit

Earlier this week Prime Minister Theresa May announced she has scheduled 2022 as the year to hold a £120million "Festival of Britain" when Brexit Britain has fully left the Brussels club. An undeterred May call...More..

Trilateral NAFTA revamp deal struck
by | Friday, October 05, 2018

Trilateral NAFTA revamp deal struck

That the old deal resulted in outsourcing is unquestioned. A NAFTA collapse could have caused USA farmers, a key Trump constituency, to lose access to major agricultural markets in Canada and Mexico at the ...More..

Beijing blasts Pence’s speech on ‘Chinese meddling’
by | Friday, October 05, 2018

Beijing blasts Pence’s speech on ‘Chinese meddling’

China's ambassador to the United States Cui Tiankai - in an interview with National Public Radio aired shortly before Pence's address - said there was a "much larger need for cooperation" than competition with ...More..

Aston Martin shares start trading at $24, value company at $5.6B
by | Friday, October 05, 2018

Aston Martin shares start trading at $24, value company at $5.6B

According to The Guardian, James Bond's carmaker of choice had initially indicated that shares would be priced between £17.50 and £22.50. Its original price range for auto maker's float was between £17.50 a...More..

Toyota recalls 2.43 million cars globally
by | Friday, October 05, 2018

Toyota recalls 2.43 million cars globally

Toyota said it had received three reports of the problem in Japan but they did not involve accidents. Toyota doesn't sell the Auris in the United States, which is why the Stateside component of this recall on...More..

'We will not stand down,' VP Pence warns China
by | Friday, October 05, 2018

'We will not stand down,' VP Pence warns China

As evidence, he pointed to a recent advertisement that a Chinese state media outlet placed in the Des Moines Register , an Iowa newspaper. "Regrettably, we found that China has been attempting to interfere i...More..

Mike Pence says 'no doubt' China is meddling in United States elections
by | Friday, October 05, 2018

Mike Pence says 'no doubt' China is meddling in United States elections

U.S. vice-president Mike Pence has called on Google to end its censored Chinese Search engine the "Dragonfly" project. Despite recently exchanged tit-for-tat tariffs targeting $260 billion worth of bilatera...More..

USA secretary of state heads to North Korea for nuclear talks
by | Thursday, October 04, 2018

USA secretary of state heads to North Korea for nuclear talks

He will then fly to Japan and China to meet his counterparts there, according to the US State Department. It will be the fourth trip by Pompeo to the long-time United States pariah amid American hopes of reac...More..

Four states announce additional cut in fuel prices after Centre’s move
by | Thursday, October 04, 2018

Four states announce additional cut in fuel prices after Centre’s move

The government on Thursday announced a Rs 2.50 per litre cut in petrol and diesel prices - comprising an excise duty reduction of Rs 1.50 per litre and a Re 1 reduction at the oil companies' end. The cut, w...More..

Rupee plunges to fresh record low of 73.77 against dollar
by | Thursday, October 04, 2018

Rupee plunges to fresh record low of 73.77 against dollar

On Wednesday it had plunged by 43 paise to breach the historic low of 73 level. Amid rising crude oil prices leading to increasing demand for the American currency, the value of rupee against dollar has bee...More..