Markets

SEC files complaint against Tesla's Elon Musk

The SEC's lawsuit , filed in Manhattan federal court, comes less than two months after Musk told his more than 22 million Twitter followers on August 7 that he...


Oil prices rise 1% ahead of U.S. sanctions against Iran

Commerzbank said in a note that "the latest rise in oil prices is due primarily to Trump himself. he has focused the market's attention on the Iran sanctions ...


Tesla offers incentives, taps volunteers in end-of-quarter rush

First, after finding no auto carriers available to deliver the new "entry-level" model, Musk approved plans to build vehicle carriers to transport new Model 3 s...


Palestinian martyred by Israeli soldiers in N. Gaza

The report described the economy as being in "free fall", shrinking by six percent in the first quarter of 2018, and warned of "further deterioration since th...


Fed raises key interest rate for 3rd time this year

Donald Trump's combative trade steps complicate the Fed's decision-making. The Fed would normally respond to weaker growth by cutting interest rates. Any sign...


Trump claims he rejected a one-on-one NAFTA meeting with Trudeau

Canada imposed tariffs on $12.5 billion of USA goods, including steel, toffee, maple syrup, coffee beans and strawberry jam. "That's the big one". I'm doubtf...


China Engaged in Election Influence Operations to Undermine Trump

While chairing the United Nations Security Council on Wednesday, President Donald Trump accused China of trying to meddle in the upcoming USA midterm elect...


Federal Reserve raises USA central bank's rate to 2.25%

So while they could raise rates to a long-term neutral stance, that would not necessarily be above short-term neutral. The Federal Reserve signaled its conf...


Oil jumps, then pares gains as Trump pressures Opec again

Iranian oil exports are declining ahead of a second round of USA sanctions to be imposed on November 4 and Iran's economy is likely to contract 3 percent this...


Rupert Murdoch ends Sky control with Comcast stake sale

USA cable TV giant Comcast succeeded Saturday in its quest to nab Sky, outbidding rival 21st Century Fox as traditional TV and film companies look to beef up ...


Fed raises rates for third time this year

Fed Chairman Jerome Powell, who took over as head of the central bank earlier this year, is scheduled to hold a press conference at 2:30 pm EDT (1830 GMT) ...


US, Mexico ready to sign new NAFTA without Canada

Trump has demanded major changes to NAFTA , which he has said caused US manufacturing jobs to move to low-wage Mexico. President Trump's trade czar signaled ...


General strike in Argentina

Caputo and Argentina's new Treasury Minister Nicolas Dujovne replace outgoing Finance Minister Alfonso Prat-Gay who was sacked by President Mauricio Macri o...


Lighthizer hints Mexico pact may need to be reopened if delayed — NAFTA

Trudeau told the Council on Foreign Relations Tuesday morning. "They (the United States and Mexico) made certain agreements. There are very large issues", L...


Google to Allow Cryptocurrency Ads Again, But There's a Catch

The policy will be effective from October, regulated exchanges like Coinbase, Gemini, etc will now be able to advertise on the Google platform. Facebook , T...


Starting in January, Dunkin Donuts will just be Dunkin

Despite dropping the " Donuts ", Dunkin' said in a press release that the chain will remain dedicated to the sweet treats, with Dunkin' remaining the No. The co...


OPEC raises forecast based on USA oil production

Brent for November settlement rose as much as $1.63 to $80.43 a barrel on the ICE Futures Europe exchange and traded at $80.32 at 3:21 p.m.in Tokyo. The Trum...


United Kingdom standing firm on Brexit proposals, no election planned: Brexit minister Raab

I hope we will agree that the best way of resolving this is a General Election . May's aides have reportedly already begun to draw up contingency plans for a...


Connect The Dots: Trump Praises India As It Cuts Iran Oil Import

Mohammad Barkindo, Opec secretary general, said in Madrid on Tuesday Opec and its partners should cooperate to ensure they do not "fall from one crisis to anoth...


UK Labour opposition re-ignites idea of second Brexit referendum

Some Labour MPs represent districts in Britain that voted decisively to leave the European Union in the 2016 referendum, and fear losing their seats if there ...


Trump criticizes Iran as 'corrupt dictatorship' in U.N. speech

On Monday, he participated in a counter-narcotics event calling for global action to address the illegal movement and abuse of drugs. On Syria: Mr. " So ...


Canada Ties Can Survive Trade Friction, Trudeau Says

Lighthizer said. "We're not going to give up - they're a huge trading partner of the United States". If Canada comes along now, that would be the best. At a sep...


Michael Kors Buys Versace for $2.12 Billion

Michael Kors said Tuesday it will acquire Versace in a cash-and-stock deal with an enterprise value of €1.83 billion ($2.12 billion). "The acquisition of Ve...


Canada's PM sees possibility to build on U.S.-Mexico NAFTA deal

If Canada comes along later, then that's what will happen. Markets are nervous about the impact on a deal that underpins $1.2 trillion in annual trade. "They (t...


Sky Committee: "Accept Comcast offer immediately"

The deal will also help Comcast develop its direct-to-consumer strategy by giving it "greater scale to amortize its content investments", the analysts said. In ...


Instagram co-founders Kevin Systrom, Mike Krieger reportedly step down

Meanwhile, Bloomberg reported that the pair is leaving after clashing with Facebook founder Mark Zuckerberg, who has reportedly taken a closer interest in the...


China attacks America's bullying on trade

US President Donald Trump on Saturday reiterated a threat to impose further tariffs on Chinese goods should Beijing retaliate, in line with his previous c...


Oil price jumps as Opec keeps output steady

Brent futures were trading at $80.48 a barrel at noon Monday, up $2.24. "If they kept quiet, the prices would be cheaper, I am confident about that", he added...


AP source says Rosenstein expecting to be fired

If Mr Rosenstein is terminated or fired , there would be immediate implications for special counsel Mr Mueller's investigation of a possible collaboration betw...


Singapore fines Grab, Uber RM39 million for merger

The latest directions include ensuring that Grab drivers are not required to use Grab exclusively; removing Grab's exclusivity arrangements with any taxi fleet ...


Oil jumps 2 % as market tightens, more gains seen

The message from Saudi Arabia , the biggest producer in the Organization of the Petroleum Exporting Countries ( OPEC ), and its ally Russian Federation is that...


Pandora is being purchased by SiriusXM for $3.5 billion

Following the completion of the transaction, there will be no immediate change in listener offerings, according to both companies. The purchase will allow Sir...


Barrick Gold buys Africa's Randgold to become world's biggest gold miner

Barrick's shares have about halved from a February 2017 peak, with the miner outpacing the decline in bullion. Barrick Gold shares closed at $10.47 in NY o...


Why Michael Kors Is on the Verge of Buying Versace

The Versace family owns the rest of the company. Celebrity shoemaker Jimmy Choo , luxury jeweller Tiffany & Co and USA fashion group Michael Kors Holdings ...


Sirius to Acquire Pandora in $3.5 Billion Online Radio Deal

Pandora's "powerful music platform will enable SiriusXM to significantly expand its presence beyond vehicles into the home and other mobile areas", a press rel...


Trump tweet biggest insult to USA allies in ME: Iran

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 ...


Six Flags Fright Fest 30-Hour Coffin Challenge

Plus ones will be allowed during operating hours, but coffin dwellers will be alone during non-operating hours. Six Flags described them as "deluxe, 2'x7', s...


Petrol Price Crosses 90 Rupees In Mumbai, Cheapest In Delhi Among Metros

According to Indian Oil Corporation (IOC), the largest fuel retailer in India, petrol is retailing at Rs 83.37/litre in Bengaluru, Rs 82.14/litre in Lucknow, Rs...


Saudia Arabia and Russia SNUB Trump's call to boost output

Output should then fall to an average of 12.1 million barrels a day by 2040, according to OPEC. It also steeply raised US oil output growth estimates to 202...


Volkswagen's Porsche drops diesel in electric vehicle push

Porsche CEO Oliver Blume said that although Porsche never developed and produced diesel engines, its image has suffered from the scandal that erupted in 2015...


ABC managing director Michelle Guthrie sacked after several months of talks

David Anderson , the ABC director of entertainment and specialist, will serve as acting managing director until a formal search process finds Ms Guthrie's suc...


Florida man charged after trying to steal American Airlines jet from airport

Police say Sankat, who carries a Florida driver's license, has dual citizenship with Canada and Trinidad and Tobago. The Joint Terrorism Task Force is investi...


Ripple’s Market Cap Nears that of Ethereum

This came as a surprise to most of the cryptocurrency observers, Ripple has surpassed Ethereum in the past, but this one was totally unpredicted. On the f...


United Kingdom standing firm on Brexit proposals, no election planned - Brexit minister Raab

Asked about reports in a Sunday newspaper that May's aides had begun contingency planning for a November election, he said: "It is for the birds, it is not goi...


Countdown stops sale of Australian strawberries after needles found in Auckland

In a company statement on Sunday evening, Countdown assured customers that for " their piece of mind ", they are able to return any Choice brand strawberries th...


OPEC, Russia rebuff Trump's call for immediate boost to oil output

Iran appeared on Sunday to soften its stance on potential increases in OPEC oil output, saying it was the group's responsibility to balance the market if produc...


Danske Bank money laundering 'giga scandal' spreads to Britain

In response, the CEO of Danske Bank turned in his resignation. The European commission has described the €200bn (£178m) money-laundering case at Denmark...


Skye Bank employees will get fresh Polaris contracts - NDIC

The Governor of the CBN, Mr Godwin Emefiele, said during a press briefing in Lagos that Skye Bank would now be taken over by Polaris Bank, which would take over...


Coke in talks to make cannabis-infused drinks

What started with a husband and wife experimenting with blobs of bacteria and yeast in their back shed has grown into the newest arm of the Coca-Cola Company, w...


Fashion house takes heat for selling 'poverty' shoes

Reaction was so intense Wednesday night that tweets on the subject were compiled onto a landing page for quick consumption in Twitter's "moments" tab, where th...