Markets

Markets World's longest non-stop commercial service takes flight
Author: 0 World's longest non-stop commercial service takes flight

With enthusiasm and a bit of anxiety, 150 people today boarded to an Airbus , which took off from Singapore for a 19-hour marathon flight to NY. The brand new A350-900ULR which will operate the flight has been configured in a two-class layout with 67 business class seats and 94 premium economy seats.

Markets IMF Chief Economist: Pakistan has not approached IMF
Author: 0 IMF Chief Economist: Pakistan has not approached IMF

Obstfeld said. "In several key economies, moreover, growth is being supported by policies that seem unsustainable over the long term", he said. The UK economy is expected to grow by 1.4% this year - down from April's prediction of 1.6% - while predicted growth for 2019 remains at 1.5%, a slowdown from 1.7% in 2017.

Markets European Union officials warned to prepare for no-deal Brexit
Author: 0 European Union officials warned to prepare for no-deal Brexit

The Prime Minister reportedly asked senior ministers in her "Brexit war cabinet" on Thursday to agree to a proposal to keep Britain inside a customs union with the EU, if she fails to agree any alternative arrangements before the end of the two year Brexit transition period.

Markets Saudi Arabia unable to replace lost Iranian oil - Iran’s oil minister
Author: 0 Saudi Arabia unable to replace lost Iranian oil - Iran’s oil minister

The Saudi crown prince also said he's getting close to striking a deal with Kuwait on resuming production of two jointly owned fields that can produce half a million barrels a day of crude. The growth is being "driven by a pickup in non-oil economic activity and a projected increase in crude oil production in line" agreed by the Organization of the Petroleum Exporting Countries and independent producers, the International Monetary Fund said.

Markets RBI maintains repo rate status quo
Author: 0 RBI maintains repo rate status quo

There have been some traces of the central bank intervening in the foreign exchange market to support the currency, but not a lot. But, it failed to sustain the initial strength and fell back to breach the 74-mark. crude stockpiles. Surge in the global prices of crude oil has been the major party spoiler; per barrel cost of crude has surpassed $80, making it costly for importing, thus leading heavy depreciation in the Indian currency.

Markets RBI keeps repo rate unchanged at 6.5%
Author: 0 RBI keeps repo rate unchanged at 6.5%

South African rand, Mexican peso and Australian dollar also dropped up to 1.5%. A 25 basis point repo rate hike to 6.75 per cent would mean a 75 basis point rise since June, the steepest increase since the last tightening cycle, between September 2013 and January 2014, when India faced its worst currency crisis since the 1990s.

Markets Centre, NDA-ruled states slash fuel prices; opposition says not enough
Author: 0 Centre, NDA-ruled states slash fuel prices; opposition says not enough

Prime Minister Narendra Modi's ruling Bharatiya Janata Party is facing a tough election in three key states this year, followed by a national election which is due by May. Reactions to the central government's decision to reduce fuel prices by Rs 2.50 on Thursday ranged from adulatory to dismissive ones. Brent oil on Wednesday crossed $86 per barrel, which is the highest in the last four years, and rising interest rates in the United States have a significant impact across global markets, ...

Markets Oil heading to $100 & OPEC is ‘powerless to prevent it’
Author: 0 Oil heading to $100 & OPEC is ‘powerless to prevent it’

Brent has risen by around 20 percent from the most recent lows in August. Futures were little changed in NY after closing Monday at the highest since November 2014. That comes as the overall supply of oil looks set to decline, post United States sanctions against Iran and despite increases from Russian Federation and Saudi Arabia .

Author: 0 Amazon to Raise Its Minimum U.S. Wage to $15 an Hour

The company said it also will start lobbying for an increase in the federal minimum wage, now at $7.25 an hour. Workers across the country have pushed for a $15 minimum wage as they have drawn attention to growing income inequality. Amazon said it would increase its minimum wage for all full-time, part-time, temporary and seasonal employees. Neil Saunders, managing director of GlobalData Retail, said Tuesday that while Amazon's wage hike is a politically savvy move, it's also a change made ...

Markets Tweet storm: Musk quits as chairman over false claims
Author: 0 Tweet storm: Musk quits as chairman over false claims

Tesla made its biggest gain in five years Monday after company founder Elon Musk reached a settlement with securities regulators that will allow him to stay on as CEO of the electric auto maker. Given said controversies you might have thought Musk would be keen to keep a low profile, especially with him having lost his job over his cavalier remarks.

Markets Protecting your Facebook information from hackers
Author: 0 Protecting your Facebook information from hackers

It's already known that hackers have made use a loophole in Facebook and stolen 5 Crore access tokens. It may force the numerous major companies and startups reliant on Facebook's login service to audit their own systems for evidence of malicious activity as a result.

Markets Elon Musk steps down as Tesla Chairman after Controversial Tweet
Author: 0 Elon Musk steps down as Tesla Chairman after Controversial Tweet

The SEC eventually sued Musk for securities fraud on Thursday. According to analysts, the settlement is probably the best thing for both the SEC and Musk and Tesla , because the SEC is showing it can act to enforce change in protecting shareholders, while Musk-removed as chairman-will keep its CEO role at Tesla : a role analysts and Tesla believers see as crucial for the company.

Markets Elon Musk to Resign as Chair of Tesla Board but Remain CEO
Author: 0 Elon Musk to Resign as Chair of Tesla Board but Remain CEO

Initially, Musk was ready to accept SEC's proposed settlement that stipulated he would step down as chairman for two years and pay between $5-10 million as a fine . Shares of the company were up 14.9 percent at $304.19. Lawyers said over the weekend that the settlement and size of the fine may give more ammunition to short-sellers pursuing separate cases against Musk for manipulating the company's shares as well as to a probe by the Justice Department.

Markets Oil prices could rise to $100 a barrel by 2019, warn merchants
Author: 0 Oil prices could rise to $100 a barrel by 2019, warn merchants

OPEC and non-OPEC, including Russian Federation, gathered in Algiers on Sunday for a meeting that ended with no recommendations for any additional supply boost to counter falling supply from Iran . Oil has rallied since the lows of August as speculation swirls over whether OPEC and its allies will boost output as the sanctions on the Middle East nation's exports nears.

Markets China attacks America's bullying on trade
Author: 0 China attacks America's bullying on trade

U.S. tariffs on $200 billion worth of Chinese goods and retaliatory tariffs by Beijing on $60 billion worth of United States products took effect at midday Asian time, though the initial level of the duties was not as high as earlier feared.

Markets India airliner turns back due to bleeding passengers
Author: 0 India airliner turns back due to bleeding passengers

The 166 passengers were left in the unpressurized cabin of the Boeing 737 for 45 minutes, according to the Guardian . As per initial information, out of total 166 passengers, some even complained of headache and oxygen masks were put in use mid-air.

Markets Global oil market faces key test as supply tightens
Author: 0 Global oil market faces key test as supply tightens

Futures in NY dropped as much as 1.8 percent after closing at the highest in nearly two months. U.S. crude oil production in 2018 is expected to grow 1.31 million barrels per day to 10.66 million bpd, little changed from EIA's previous forecast.

Markets Merger of Dena Bank, Vijaya Bank and Bank of Baroda announced
Author: 0 Merger of Dena Bank, Vijaya Bank and Bank of Baroda announced

The merger announcement is a clear signal that consolidation of public sector banks (PSBs) remains on the government's agenda, and if this merger goes well, in all likelihood, further consolidation could be seen in the PSU banking space. Unsurprisingly, BoB share price plunged a whopping 16 per cent to Rs 113.45 in Tuesday's trade, while Dena Bank hit upper circuit of 20 per cent, and Vijaya Bank settled at Rs 56.40, down 5.69 per cent.

Markets Coca-Cola considering cannabis beverages
Author: 0 Coca-Cola considering cannabis beverages

The space is evolving quickly, " Coke spokesman Kent Landers said. Besides Aurora , she said cannabis companies Tilray (TLRY.O) and Aphria (APH.TO) were likely targets for partnerships with big consumer companies looking to get into the market.

Markets Trump Sets Tariffs On $200 Billion In Imports From China
Author: 0 Trump Sets Tariffs On $200 Billion In Imports From China

While Chinese equities had been outperforming other emerging markets during the first half of the year, they have now slid lower and are now well below other emerging markets. consumers", Apple said in a letter. U.S. manufacturers are having to pay more for parts and equipment, thereby putting them at a competitive disadvantage to foreign rivals.

Markets India's Iran Oil Purchases to Fade Ahead of US Sanctions
Author: 0 India's Iran Oil Purchases to Fade Ahead of US Sanctions

The loss of Iranian oil to the market as refiners are cutting or halting purchase ahead of US sanctions in November is also raising concerns about supply. Following crippling sanctions on Iran following the collapse of the Washington and Tehran's nuclear deal, the price of a barrel of U.S. crude oil could result in a price rise of $4 (£3.12) a gallon of unleaded fuel at petrol station pumps.

Markets Worries about fate of NAFTA hit Detroit's Canadian neighbors
Author: 0 Worries about fate of NAFTA hit Detroit's Canadian neighbors

Wednesday was the first day that negotiations between the two countries resumed after four intensive days of talks last week ended without a deal on Friday after the mood soured. Minister of Foreign Affairs Chrystia Freeland participates in an armchair discussion with journalist Masha Gessen, moderated by Heather Reisman, CEO of Indigo Books and Music, at the Women in the World Summit in Toronto, Sept.

Markets Apple Watch may soon get this much-needed feature
Author: 0 Apple Watch may soon get this much-needed feature

Instead of physical buttons which move, the new Apple Watch will have buttons which stay in place and vibrate when pressed. As far back as May 2018 did T3 report that a stunning new Apple Watch Series 4 with a round watch face could be incoming, and now thanks to a jaw-dropping new video we've got a tantalising glimpse at just how attractive the smartwatch could be.

Markets Fuel price hike: Bring petrol under GST to arrest surge, say experts
Author: 0 Fuel price hike: Bring petrol under GST to arrest surge, say experts

Now, three months after, the prices are Rs 84.06, and Rs 77.98. Maintaining its rise with a 14 paisa hike on Tuesday, petrol and diesel were sold at Rs 80.87 and Rs 72.97/litre, respectively. dollar. BJP's official handles, however, released a faulty graph on social media. Kerala has one of the highest fuel prices in the country. Meanwhile, the increase pushed the petrol price in Delhi to Rs 80.38 per litre.

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