Economy

Economy Chicago Board Options Exchange Plans To Launch Ethereum Futures
Author: 0 Chicago Board Options Exchange Plans To Launch Ethereum Futures

Although it is worth noting that past year, after Bitcoin futures went live in December, prices came crashing down in a span of few weeks and have still not been able to recover fully from those heavy losses. Executives including CBOE President Chris Concannon had, even in the days after listing bitcoin futures, expressed their desire to launch an entire suite of cryptocurrency products, and listing ethereum futures is the natural next step in accomplishing this goal.

Economy Britain, Nigeria sign pact to counter extremism
Author: 0 Britain, Nigeria sign pact to counter extremism

She will hold bilateral talks with President Uhuru Kenyatta from 11:30am before heading out to the Humanitarian Peace Support School, Embakasi Garrison in the afternoon. Kenya, a former British colony, is a key ally in East Africa on trade and security. Analysts have said that as Britain confronts the full impact of Brexit , African states will enter discussions from a position of strength, given the many other options they have for trade and military partners, from Russian Federation and ...

Economy Detailed Brexit talks on Irish border backstop
Author: 0 Detailed Brexit talks on Irish border backstop

The EU's chief Brexit negotiator says talks are looking at the "minutiae" of how a backstop for the Irish border could work. The European Union's Michel Barnier said it was "possible" to get an agreement in time for a summit of all the bloc's leaders in Brussels on October 18-19, though a delay into November was also possible.

Economy Uber To Shift Gears….Focus More On Bikes And Electric Scooters
Author: 0 Uber To Shift Gears….Focus More On Bikes And Electric Scooters

Scoot's application included ideas around training users with mandatory instructional videos, as well as including helmets with each rental. One of the companies that didn't make the cut was Spin , even though it ranked higher than both Lime and Bird in the committee's earlier report.

Economy Ford kills plan to sell Chinese-made vehicle in the United States
Author: 0 Ford kills plan to sell Chinese-made vehicle in the United States

General Motors has been working to gain an exemption for its Buick Envision, which is built in China and sold there as well as the United States. Incidentally, the recent declaration by Ford is in contrast with General Motor's attempt of seeking an exemption to the 25 percent USA duties on its Buick Envision vehicle.

Author: 0 So, Trade Negotiations With Canada Are Going Great - Hit & Run

Canada's foreign affairs minister, Chrystia Freeland, was engaged in NAFTA negotiations for the better part of last week after news broke that the US and Mexico had tentatively agreed to a new trade pact to replace the current agreement.

Economy Cboe to Launch Ethereum Futures Before the End of 2018
Author: 0 Cboe to Launch Ethereum Futures Before the End of 2018

Citing an unnamed source with knowledge of the situation, Business Insider reports that CBOE wants to become the first US exchange to list an ethereum futures product, which would transform ether into more of a two-sided market by allowing professional traders to go both long and short on the second-largest cryptocurrency .

Economy Trump says civilian government employees won't receive raises in 2019
Author: 0 Trump says civilian government employees won't receive raises in 2019

Feds were set to receive a 2.1 percent pay raise in January, along with a locality pay increase. The Senate already cleared a 1.9 percent pay raise for civilian employees for next year. The budget deficit adds up to $684 billion though the first 10 months of the 2018 fiscal year, up 21 percent from the same point last year, MarketWatch reports .

Economy Argentina's soft-peg drives interest rates to 60-pct
Author: 0 Argentina's soft-peg drives interest rates to 60-pct

The tumult in the exchange market came a day after President Mauricio Macri said he was asking for an early release of some IMF funds under an $US50 billion backup financing arrangement approved earlier. The IMF managing director clearly stated her support yesterday in a public statement and hence we expect the IMF to act sooner rather than later. The currency has declined more than 12 percent in this month, hurt in part by an emerging market selloff and confusion about the central bank's ...

Author: 0 Ford ditches plan to sell China-made Focus crossover in US

As part of its shift away from sedans and hatchbacks , Ford had planned to sell just one variant of the new, fourth-generation Focus in the U.S. market: The crossover-esque Focus Active shown above. She said 48 percent of the vehicles sold in the USA were imported a year ago, and even vehicles that aren't imported have a significant percentage of foreign parts.

Economy India`s economy grows at robust 8.2 percent in June quarter
Author: 0 India`s economy grows at robust 8.2 percent in June quarter

India's economy expanded at the fastest pace in nine quarters, as strong domestic consumption and robust manufacturing growth overwhelmed any global trade-war worries. India just cemented its status as the world's fastest-growing major economy, widening the gap over China. Headwinds such as high oil prices, rising interest rates and speed bumps in global growth should play a role in slowing down the momentum.

Economy Trump considers pulling the U.S. out of WTO
Author: 0 Trump considers pulling the U.S. out of WTO

Since taking over the White House after the 2016 elections, President Trump has rattled the world trade with his policies that he says are aimed at protecting American interests, but which have alienated numerous US' old allies and major trading partners.

Economy Trump stands by disparaging remarks on Canada and trade
Author: 0 Trump stands by disparaging remarks on Canada and trade

The report said Mr. Trump had told Bloomberg in remarks that were not to be reported that he is not making compromises in trade negotiations with Canada. But Canada's dairy industry - backed by Quebec politicians of all stripes - is adamant that it won't stand for the government allowing the USA any more market access, saying it has compromised enough on past trade deals with the European Union and Pacific Rim countries.

Economy Indian Rupee Crosses 71 Mark Against US Dollar For First Time
Author: 0 Indian Rupee Crosses 71 Mark Against US Dollar For First Time

The rupee, the worst Asian currency this year, has depreciated over 9%. It settled at a record closing low of 70.74-75 against the U.S. dollar, weaker 15 by paise from Wednesday's close of 70.59-60 to a U.S. Forex dealers said besides robust month-end demand for the American currency from oil importers, dollar's strength against its rival currencies on expectations of rising interest rates amid lingering Sino-US trade tensions, weighed on the domestic currency.

Author: 0 Indian economy grows at 15-quarter high of 8.2% in Q1

In terms of absolute value, India's GDP at constant (2011-12) prices was estimated at Rs 33.74 lakh crore in the first quarter of 2018-19. For the first three months of 2018, India reported 7.7 percent annual growth, the fastest in almost two years.

Economy Aston Martin drives 'milestone' £5bn float as profits accelerate
Author: 0 Aston Martin drives 'milestone' £5bn float as profits accelerate

The manufacturer of luxury cars said it was "announcing its potential intention to undertake an initial public offering ", ending months of speculation about its plans to go public. The company reported a 14% climb in revenues in the opening half of the year, hitting £449.9 million ($580 million), and a rise of pre-tax profits from £20.1 million to £20.8 million ($25.9 million to $26.8 million), helped by growing demand in Asia and the launch of three new sports auto lines.

Economy Coca-Cola to buy Costa coffee shop chain for £3.9bn
Author: 0 Coca-Cola to buy Costa coffee shop chain for £3.9bn

Whitbread said in a statement on Friday that the deal, which will give Coke nearly 4,000 coffee outlets in the United Kingdom and across Europe, had been agreed unanimously by the Whitbread board as in the best interests of shareholders. Over the years, it has owned well-known brands such as TGI Fridays, Pizza Hut and Marriott Hotels. It is expected to complete in the first half of next year.

Economy Warren Buffett buys more Apple stock, says iPhone 'enormously underpriced'
Author: 0 Warren Buffett buys more Apple stock, says iPhone 'enormously underpriced'

The investment is worth more than $50 billion and makes Berkshire the third-biggest shareholder in Cupertino, California-based Apple , with a more-than 5 percent stake, according to data compiled by Bloomberg. Berkshire Hathaway joins a strong list of globally renowned investors, who have parked their money in Paytm. The foray into India's ultra-competitive digital payments space is not without risks.

Author: 0 Panasonic moves European headquarters to Amsterdam because of Brexit

It is the latest multinational firm to pull jobs and operations out of the United Kingdom, amid growing concern over the Government's protracted negotiations and possible no-deal scenario. The decision was sparked by fears that Japan could treat Britain as a tax haven after Brexit if London decides to lower its corporate tax rate in a bid to attract businesses, she said.

Economy Trump slashes federal pay increase
Author: 0 Trump slashes federal pay increase

The president said he's determined that for 2019 "both across-the-board pay increases and locality pay increases will be set at zero". Washington has 75,525 people working for the federal government as of mid-2017, according to Governing .

Economy Speeding Tesla launch into the air
Author: 0 Speeding Tesla launch into the air

Police discovered that the driver of the vehicle had been traveling at a high rate of speed when the auto reached a steep incline leading up to railway tracks. Per Global News, the auto then skidded into a school parking lot, where it hit a tree. A Canadian man discovered his Tesla could fly, the downside being that it's now "demolished".

Economy Court Overturns Kinder Morgan Pipeline Approval
Author: 0 Court Overturns Kinder Morgan Pipeline Approval

The cases, which were consolidated by the court, were brought by more than two dozen First Nations, municipal governments and environmental groups seeking to overturn the federal government's decision. "This pipeline is not in the best interests of Canada". "This is a watershed moment for a troubled and controversial project", Hasselman said. The decision is a major victory for opponents of the project which include the B.C.

Economy Facebook's YouTube Competitor Launched Globally
Author: 0 Facebook's YouTube Competitor Launched Globally

Announcing the global launch of Facebook Watch , the company's head of video, Fidji Simo, says: "We launched Watch in the USA a year ago to give people a place on Facebook to find shows and video creators they love and to start conversations with friends, other fans, and even creators themselves".

Economy Cave diver prepares to sue Elon Musk over 'pedo' claim
Author: 0 Cave diver prepares to sue Elon Musk over 'pedo' claim

Tesla's shares fell about 1.5% in early trade despite the Nasdaq, on which it trades, opening higher. In anger, Musk retorted, calling the caver a " pedo guy " on Twitter. Musk's representatives didn't immediately respond to requests for comment. In an emailed statement, Tesla said that Hansen's allegations were taken "very seriously when he brought them forward".

Economy 99.3% of demonetised notes worth Rs 15.3 lakh crore returned: RBI
Author: 0 99.3% of demonetised notes worth Rs 15.3 lakh crore returned: RBI

The government replaced old Rs 500 notes with new ones, but no replacement for Rs 1,000 notes have been made. The volume of banknotes, however, increased by 2.1% In value terms, the share of Rs 500 and Rs 2000 banknotes, which had together accounted for 72.7% of the total value of banknotes in circulation at end-March 2017, increased to 80.2 % as at end-March 2018.

Economy US, Mexico reach trade
Author: 0 US, Mexico reach trade "understanding", Trump threatens to cut out Canada

Trump said he would call Canadian Prime Minister Justin Trudeau soon and that the United States is open to talks with Canada if it is willing to negotiate fairly . The Trump administration is also seeking a sunset clause that would end the pact after five years, unless the three countries explicitly agree to continue it.

Author: 0 Google’s payment app for India ‘Tez’ becomes Google Pay

They will be able to also monetise their content as Google aims to provide publishers with free web hosting with AdSense support. The company also announced that 22 million people now use Tez every month. Google is making Pay more useful through expanding the places users can pay in-store and online, expanding services for merchants. It will support 28 languages including Hindi, Bengali, Malayalam, Marathi and Tamil - even on slow 2G internet.

Economy Asian markets push on with rally after US-Mexico trade deal
Author: 0 Asian markets push on with rally after US-Mexico trade deal

Cannabis stocks such as Cronos Group and Tilray were among the best performers for the Nasdaq, both climbing more than 20 percent in Monday trades on hopes of more deal-making between alcohol and cannabis companies. Shares of top automakers rallied Monday after the us and Mexico reached a preliminary trade deal, ending months of uncertainty for auto production.

Economy U.S., Mexico reach trade 'understanding' to overhaul NAFTA
Author: 0 U.S., Mexico reach trade 'understanding' to overhaul NAFTA

Mexico's President Enrique Pena Nieto gives a speech at the National Palace in Mexico City, Nov. 21 2017. "Let's make a great deal like we just made with Mexico", Kudlow said. He added that Canada must "try to take advantage of the situation and the time that is running out to pull even more concessions or hope that the Americans will abandon a number of their demands".

Economy China's Didi suspends Hitch ride-sharing service after passenger killed
Author: 0 China's Didi suspends Hitch ride-sharing service after passenger killed

Didi said that the suspect had no prior criminal record, had provided authentic documentation and passed a facial recognition test before starting work. This included restricting Hitch drivers to only picking up members of the same sex late at night and in the early morning, and enabling passengers to share their route with an emergency contact.

Author: 0 Donald Trump announces new trade deal with Mexico

But Trump was eager to portray the agreement as much more than that as the reality TV star-turned-president orchestrated the latest made-for-TV moment of his presidency. Rep. Ron Estes, a Republican seeking re-election in the 4th District, called the prospects of a new deal "great news" that signals a breakthrough in negotiations.