Economy

Economy Carney to remain as Bank of England governor until 2020
Author: 0 Carney to remain as Bank of England governor until 2020

The extension was agreed in an exchange of letters between the governor and the chancellor published this morning . Britain's Treasury Chief Philip Hammond approves of Governor Carney's performance and is hoping that the central bank will be able to support a smooth exit from the European Union for Britain.

Economy NAFTA negotiations continue with little (public) progress reported
Author: 0 NAFTA negotiations continue with little (public) progress reported

Freeland added that to achieve a NAFTA deal, "It's going to take flexibility on all sides". Freeland and her counterpart, U.S. Trade Representative Robert Lighthizer , left the bargaining table Friday without a deal. Trump gave Bloomberg in late August when he said he was refusing to compromise with Canada and that any deal with Canada would be "totally on our terms".

Economy Turkey central bank stuns markets with giant rate hike
Author: 0 Turkey central bank stuns markets with giant rate hike

President Recep Tayyip Erdogan appointed himself chairman of Turkey's sovereign wealth fund and got rid of the entire management staff that had presided over two years of inaction. "Against this background, the lira's reaction is still surprisingly limited in my opinion". "It nearly seems like it's a game of "good cop, bad cop" being played out between the Turkish authorities - with President Erdogan on the one hand still making statements regarding his dislike of interest rates and.

Economy Banker Jamie Dimon: ‘I think I could beat Trump’
Author: 0 Banker Jamie Dimon: ‘I think I could beat Trump’

By noon, the bank sent out a statement from Dimon, its chairman and chief executive officer, backtracking completely: "I should not have said it". "The problem with banker Jamie Dimon running for President is that he doesn't have the aptitude or "smarts" & is a poor public speaker & nervous mess - otherwise he is wonderful", Trump wrote on Twitter .

Economy Trump Offers Tax Break to Apple to Build in US
Author: 0 Trump Offers Tax Break to Apple to Build in US

The automaker emphasized that it already has a substantial manufacturing presence in the U.S. In August, Ford announced it had kill its plan to import the new Focus, citing Trump's tariffs on Chinese imports as the reason for the maneuver.

Economy Beta Hunt mine yields 9000 oz of high-grade coarse gold
Author: 0 Beta Hunt mine yields 9000 oz of high-grade coarse gold

RNC Minerals' find last weekend at the Beta Hunt gold mine, 50km south of Kalgoorlie-Boulder, made news across the country after it was made public yesterday. "This sort of bonanza zone is incredibly unique", the geologist said. Australian miners often extract just 2g of gold per ton of rock - an expert said the gold particles are often too small to be seen by the naked eye - but, in this case, Canadian mining company RNC Minerals said 2,200g per ton was extracted, the BBC reports.

Economy Flipping pancakes! Russias Putin and Chinas Xi bond over cooking
Author: 0 Flipping pancakes! Russias Putin and Chinas Xi bond over cooking

Chief Cabinet Secretary Yoshihide Suga said Wednesday that Japan remains unchanged in its stance to sign a peace treaty with Russian Federation after resolving the issue of the four northern islands. A former Russian deputy foreign minister , Georgy Kunadze, said he doubted that Putin wanted to solve the territorial problem in earnest. Relations between China and Japan soured in 2012 over a territorial dispute over several tiny islands in the East China Sea.

Author: 0 Apple event expected to reveal 3 new iPhones, changes to Apple Watch

Apple is also expected to unveil the Apple Watch Series 4, that is rumored to be thinner and have a larger screen, as well as extra medical features to monitor heart rates, according to CNBC and 9to5Mac. Rival Samsung Electronics Co Ltd has a few models that cost almost as much as Apple models, but the bulk of its line-up, like that of other phone makers, consists of cheaper models.

Economy Apple says tariffs on Chinese goods will raise prices for US consumers
Author: 0 Apple says tariffs on Chinese goods will raise prices for US consumers

Ford originally planned to make the next gen Focus Active - a cross hatchback version of the standard Focus to Mexico but changed those plans to make the economy vehicle in China instead. trade representative for China affairs, who served in the administrations of George W. Bush and Barack Obama. Intel Corp., the world's second-largest chipmaker, weighed in supporting Apple's opposition to the tariffs and broadening the argument.

Economy Apple's mega event: Here's how to hear the keynote, watch the livestream
Author: 0 Apple's mega event: Here's how to hear the keynote, watch the livestream

The company is reportedly set to introduce two updated versions of the iPhone X - including a larger Plus-style phone - alongside a cheaper version of the device , complete with the all-screen front panel and Face ID. As always though, stay tuned for more information (and LEAKS) throughout the day leading up to the event. The iPhone XR, which is expected to sport a 6.1 inch-screen, will come in black, white, red, yellow, coral and blue with available storage at 64 GB, 128 GB and 256 ...

Economy Delhi High Court to hear petition against rising fuel prices today
Author: 0 Delhi High Court to hear petition against rising fuel prices today

Meanwhile, Congress-led group of Opposition parties have called for Bharat Bandh today against the rising fuel prices . Once GST is in and also has included petroleum products, it does not make sense to continue to multiple taxes which only adds to cascading effects on the cost of products, said Rohit Jain, Partner Economic Laws Practice.

Economy Judge rules against Ford
Author: 0 Judge rules against Ford

The move comes after a judge ruled earlier on Monday not to allow the province to cut Toronto city council by almost half because it would have "substantially interfered with both the candidate's and the voter's right to freedom of expression as guaranteed under section 2 (b) of the Canadian Charter of Rights and Freedoms ".

Economy Cooper issues first state evacuation order in memory in NC
Author: 0 Cooper issues first state evacuation order in memory in NC

Florence is barreling straight for North Carolina , with coastal residents fleeing what may be the most powerful hurricane to hit the state in 64 years. On its current track, Florence is expected to slam South Carolina, North Carolina and Virginia the hardest. Florence is so wide that a life-threatening storm surge was being pushed 300 miles ahead of its eye, and so rainy that a swath of states from SC to OH and Pennsylvania could get deluged.

Economy Obama vs. Trump: Trevor Noah Makes The Call
Author: 0 Obama vs. Trump: Trevor Noah Makes The Call

In fact, US GDP growth has been higher than the unemployment rate in several quarters during the last century, including, most recently, in 2006. "And at some point somebody probably conveyed it to him adding a zero to that and they shouldn't have done that".

Economy Rupee hits fresh low of 72.73, drops 28 paise against US dollar
Author: 0 Rupee hits fresh low of 72.73, drops 28 paise against US dollar

The rupee opened at a new low of Rs 72.15 against the dollar at the Interbank Foreign Exchange market from its previous close of 71.73. The local currency hit another record on Monday after data showed that India's current-account deficit widened to the most in five years.

Economy IPhones may rise 20%, if Apple gives in to Trump’s pressure
Author: 0 IPhones may rise 20%, if Apple gives in to Trump’s pressure

The Trump's tweet on Saturday came after Apple hinted at increasing the price of its products. Ford said August 31 the Trump administration's 25 per cent levy on China-built autos undermined the profitability of the vehicle. Ford, BMW, Mercedes and others export about 250,000 vehicles to China from the US each year, Dziczek said. Apple didn't immediately respond to a request for a comment on Trump's latest broadside.

Economy China threatens RETALIATION after Trump warns of fresh tariffs in trade war
Author: 0 China threatens RETALIATION after Trump warns of fresh tariffs in trade war

The company told trade officials in a letter on Friday that the proposed tariffs would affect prices for a "wide range" of Apple products, including its Watch, but it did not mention the iPhone . It will continue to sell the vehicle outside the states. While Ford might choose not to build the Focus in China, it does have a multiple number of plants in other countries it can choose to build the small hatchback in.

Author: 0 WH Advisor Admits Trump Lied About GDP

Add Donald Trump as an interest to stay up to date on the latest Donald Trump news, video, and analysis from ABC News. Hassett also ducked a follow-up question about where Trump got a quote he attribute to President Obama on Monday. Asked if Obama ever said that, Hassett pleaded ignorance. "And, usually, the answer is he doesn't have an answer", Obama said then. Kevin Lewis, the former spokesman, told Hill.TV that Obama came into office when both the US and global economy were in a ...

Author: 0 Asian shares on slippery slope as Trump ups ante in trade war

Ford didn't move production of the Focus to China by accident; it did so because the USA market has shifted away from smaller vehicles toward SUVs, which has made production of the Focus in the US -a relatively expensive location-an illogical choice.

Author: 0 China vows to respond if U.S. takes new steps on trade

Apple has indicated Apple Watch, AirPods could see prices rise in the USA, thanks to Donald Trump's proposed tax for products from China . Big quote: "Apple prices may increase because of the massive Tariffs we may be imposing on China - but there is an easy solution where there would be ZERO tax, and indeed a tax incentive".

Author: 0 China promises to retaliate if United States imposes more tariffs

Hong Kong's Hang Seng index slipped 0.8 percent. On 31 August, citing Trump's new tariffs, Ford said it was dropping plans to ship the Focus Active from China to America. Trump previously has claimed that Apple is building new plants in the United States, but the iPhone maker has not announced any such plans. Chinese shares were battered with the blue-chip index off 1.4 percent.

Economy Biggest single-day increase in petrol and diesel prices in Ahmedabad
Author: 0 Biggest single-day increase in petrol and diesel prices in Ahmedabad

It gained 22 paise to Rs 83.61 per litre. Similarly, petrol is being sold for ₹83.54 per litre in Chennai and the diesel retail price is ₹76.64 per litre. Fuel prices have yet again witnessed a fresh hike, with petrol being sold at a record high rate of Rs. 80.38 per litre in New Delhi , and diesel at Rs 72.51 per litre.

Economy Read Alibaba chairman Jack Ma's letter to employees and customers
Author: 0 Read Alibaba chairman Jack Ma's letter to employees and customers

Ma, one of the world's richest men, co-founded Alibaba in 1999 with 18 staff, turning it into a global internet sales and payments behemoth. It expanded into consumer retailing, online finance and other services, becoming the world's biggest e-commerce company by total value of goods sold across all its platforms.

Author: 0 China's trade surplus with US hits record $31 billion

President Donald Trump agrees with Apple that potential tariffs on Chinese imports could make its gadgets more expensive, but he says the tech company can fix the problem by moving production to the U.S. Apple CEO Tim Cook didn't sound that concerned about the tariffs during the company's Q3 earnings call . China's trade surplus with the US has, therefore, risen almost 15 percent from January to August 2018.

Economy Tesla shares dive after two executives quit and Elon Musk cannabis interview
Author: 0 Tesla shares dive after two executives quit and Elon Musk cannabis interview

Tesla was not immediately available for comment - but investors apparently weren't giddy over the Musk toke. Oh, and they also smoked a blunt together and threw back some whiskey! Aside from the weed, Musk also touted a couple weapons on the show's set, including a flamethrower and a Katana that Rogan claims is hundreds of years old.

Economy Les Moonves Faces New Sexual Assault Allegations, Leaving CBS
Author: 0 Les Moonves Faces New Sexual Assault Allegations, Leaving CBS

The magazine on Sunday reported the on-the-record accounts of six women alleging that Moonves assaulted and harassed them, including by forcing oral sex, exposing himself without their consent, being physically violent and otherwise retaliating against them professionally when they rebuffed his advances.

Economy U.S. job growth surges; annual wage growth largest since 2009
Author: 0 U.S. job growth surges; annual wage growth largest since 2009

The U-6, or underemployment rate, fell to 7.4% from 7.5%. July's job gains were revised slightly lower on Friday, showing the economy added 147,000 jobs during the month. Wage growth has been sluggish for most of the ongoing economic recovery. A lack of wage gains has been a major blemish on an economy that President Donald Trump has called the strongest ever - and is now being boosted by his tax-cut stimulus.

Economy Canada's employment falls 52000 in August, jobless rate up to 6%
Author: 0 Canada's employment falls 52000 in August, jobless rate up to 6%

The nation's unemployment rate went up 0.2 percentage points to land at 6 per cent. Windsor's rate is now tenth highest among 34 larger Canadian cities. In Ontario, after two consecutive months of increases, employment fell by 80,000 jobs in August. Alberta gained 16,200 jobs last month, 11,000 of which were full time, for an overall increase of 0.7 per cent.

Economy CBS board in exit negotiations with CEO Moonves
Author: 0 CBS board in exit negotiations with CEO Moonves

If sexual harassment allegations against Moonves are confirmed, the company would likely seek to claw back even more compensation. Moonves, who has remained in charge despite the allegations against him, signed an employment contract in May 2017 that provides for a severance package worth almost $180 million if he is removed without cause.

Author: 0 Petrol, Diesel Prices Hiked Further. Check Out Today's Fuel Rates

The surge in rates has renewed calls for a cut in excise duty but Finance Minister Arun Jaitley has remained non-committal, saying worldwide oil prices are volatile and have not shown any linear movement. Nearly half of the retail selling price of the two fuels is made up of central and state taxes. This is the biggest increase in rates in any fortnight since the daily price revision was introduced in mid June past year.

Economy Goldman Sachs CFO States Company ISN'T Ditching Bitcoin Trading Desk
Author: 0 Goldman Sachs CFO States Company ISN'T Ditching Bitcoin Trading Desk

Following the news , the whole of the crypto market went down. For now, it still appears as if there is still too much uncertainty in the cryptocurrency arena and even the hint of regulatory news seems to send many individuals and organizations into another round questioning the legitimacy and value of cryptocurrency once potentially constrained by regulatory organizations.

Economy United Kingdom power price caps will give banks jitters
Author: 0 United Kingdom power price caps will give banks jitters

Stephen Murray, energy expert at MoneySuperMarket, suggested there was an element of "political soundbite" to Ofgem's price cap announcement, and that there were already options in place for customers to save on energy bills now. Centrica , parent company of the UK's largest energy supplier British Gas, saw shares rise 4% as markets opened. Centrica said: "Since the announcement of the CMA investigation into the functioning of the United Kingdom energy market over four years ago, our focus ...