Markets

Ohioans get 3-day break from state sales tax for some items

The holiday begins at midnight Friday and runs through 11:59 a.m. Sunday. There's no sales tax charged if the clothing and accessories you buy cost less tha...


Google planning China search app, ending long boycott

Like many other USA internet platforms, Google's most popular products - search, YouTube, Gmail - have been banned in China for years, blacked out by a vast g...


Apple reaches new landmark with US$1 trillion valuation

It's only taken Apple 42 years to get almost as big as Canada. It could cement customer loyalty to these brands, enhancing a perception of quality. "Investors ...


Apple hits $1 trillion stock market valuation

The Silicon Valley stalwart's stock has surged more than 50,000 percent since its 1980 initial public offering. In the almost more than four decades since ...


RBI increasing rates now would be a big mistake: Mark Mobius

Sonal Varma, chief India economist at Nomura Securities says the Nomura RBI Policy Signal index, closely tracking RBI policy decisions, has remained firmly in t...


RBI hikes repo rate by 25 basis points

The Bank has been signalling for some time that rates will need to rise to cool inflation, which surged after the Brexit vote sent the pound plunging and stil...


Hard Brexit 'not an option', says United Kingdom vehicle industry chief

Mike Hawes , chief executive of SMMT , said, "The U.S.is one of U.K. Automotive's most important global partners, with our trade in vehicles and components w...


Monetary Policy: RBI Hikes Interest Rates Again; Loans To Get Costlier

Governor Mark Carney led the first unanimous vote to raise since May 2007, with bank rate, the main interest rate, moving up by 0.25 percentage points to 0.75...


Huawei overtakes Apple to become number two smartphone seller

The flagship S9/S9+, which launched late in the first quarter, witnessed slower than normal sales according to Samsung . Samsung earnings took a hit from t...


Dixons Carphone says data breach compromised 10 million records

It said these records do not contain payment card or bank account details and there was no... When it first announced the breach in June, Dixons Carphone , ...


McDonald's serves pregnant Canadian cleaning fluid latte

Sarah Douglas was on her way to a baseball tournament with her son when they stopped at the drive-through. The pregnant mother returned to complain to the re...


Split concerns force Durex to recall some condoms in UK and Ireland

As a result, they could burst if used towards the end of their expiry dates. The HPRA said consumers need to monitor the bottom of the outer pack and the in...


United States to apply more pressure on China with new tariff hike

A foreign ministry spokesperson, Geng Shuang , said Beijing was ready for "dialogue and consultation" to defuse the escalating dispute. Foreign Ministry spok...


BMW to build 1 billion euro car factory in Hungary

The company said Europe accounted for nearly 45 per cent of its vehicle sales in 2017, with 1.1 million units sold. "In the future, every BMW Group plant in...


RBI increases key rate to 6.5% on inflation worries

One basis point is equivalent one-hundredth of a percentage. The Monetary Policy Committee of the Reserve Bank of India on Wednesday chose to increase the rep...


Google plans censored version of search engine in China: The Intercept

The report from The Intercept revealed a project called "Dragonfly", and claimed its existence was known only to a relatively small amount of employees. For e...


Oil Prices Fall After EIA Confirms Crude Inventory Build

At 408.7 million barrels, the EIA said, crude oil inventories were below the five-year seasonal average. Oil prices have decreased after OPEC production was...


USA considering higher tariffs on US$ 200 bil. of Chinese goods

The change isn't final yet and may not go forward after a public review, the people said. President Donald Trump's administration said on July 10 it would s...


Heineken Reduces Forecast for Full-Year Margin

Heineken has stepped up marketing in Brazil causing a decline in overall profitability despite selling more beer. "We're bringing the margin up but it's not ...


Higher interest on fixed deposits for NRIs after RBI rate hike

Mumbai: Bankers today said the Reserve Bank of India's decision to hike repo rate by 25 basis points shows the apex bank's commitment to bring retail inflati...


Tyson Foods cuts outlook on tariffs, shares fall

Using market capitalization to show the size of a company is important because company size is a basic determinant of various characteristics in which investors...


I was a regular Coles customer too - until today

The waiver was "still meant to be an interim measure", Coles said, but gave no date for the resumption of the fee, saying only it will "assess when customers ha...


Google reportedly planning comeback in China with censored search engine

Google has been developing a censored version of its search engine under the codename "Dragonfly" since the start of past year, according to a report published ...


TSA officials says American citizens could be tracked during flights

Bilello on Monday was able to provide few specifics on how a traveler ends up being monitored through the program, but disputed the idea that it constitutes "su...


Yen slips after BOJ decision; dollar firm ahead of Fed

But it added language in its policy statement to say that long-term interest rates may fluctuate depending on economic and price developments and that it would ...


Nicaragua’s president Ortega quizzed on country’s deadly crisis

Ortega repeated in a CNN en Español interview on Monday that he won't schedule early elections , despite demonstrators' calls for the government to do so. The ...


Tesla shares rise despite bigger 2Q loss

Despite Tesla reporting a record loss in the second quarter, its shares rose over 8 percent in after-hours trading, as investors focused on rising production vo...


U.S. slaps sanctions on top Turkish officials over detained pastor

EO 13818 builds upon the Global Magnitsky Act of 2016, which allows the United States government to sanction individuals, companies or corporations involved in ...


Good news for UAE-based NRIs after rate hike in India

The repo rate is the rate at which RBI lends money to other banks , and reverse repo rate is the rate at which RBI borrows from other banks. RBI had to...


U.S. authorities warn of possible contamination in salads, wraps

A list of the affected products can be seen here and here. The Cyclospora parasite causes cyclosporiasis, characterized by vomiting and "explosive" diarrhea...


Houthis announce temporary halt to shipping lane attacks

State-owned Saudi Aramco suspended its oil shipments through the strait late Wednesday after it said two of its VLCCs were attacked by the Houthis. The West...


Tata Motors Reports its Worst Quarterly Loss Since 2009

The Indian automaker posted a loss of Rs 1,863 crore in the June quarter of fiscal 2019 as opposed to a profit of Rs 3,200 crore in the year-ago period. The adv...


Chipotle shuts OH restaurant after reports of illness

A Chipotle restaurant in OH reopened Tuesday as officials investigate reports of illnesses linked to the location. The health department said the restaurant i...


China warns of retaliation if U.S. takes more trade steps

Beijing has insisted it will not bow to America's attempts at "blackmail" as President Trump's officials consider extending their trade assault by more than dou...


RBI increases repo rate by 25 bps to 6.50%

In the second bi-monthly resolution of 2018-19, it had projected CPI inflation for 2018-19 at 4.8-4.9 per cent in the first half of the financial year and at 4....


MoviePass to Stop Granting Tickets for Some Big Studio Movies

MoviePass is making plans to raise prices and continue limiting access to the biggest new releases, as the company continues its attempt to stop its heavy loss...


Uber shuts down self-driving trucks division to focus on autonomous cars

ONE FOCUS . The move won't affect the employees of Uber's self-driving truck division - they'll just move to the self-driving vehicle division, Eric Meyhofer,...


OnePlus surpasses Samsung in India's premium smartphone market for the first time

Still, OnePlus , Samsung and Apple have a controlling 88% share of the premium segment. Huawei's glittering second quarter performance is partly due to...


Apple beats estimates on sales of pricier iPhones

More importantly, consumers kept buying more expensive iPhones this quarter, with the average sales price rising to $724, up from $606 a year ago. "The lesson...


MoviePass tipped in plan to ditch blockbuster movie tickets

This is no different than other in-home streaming options that often don't carry the latest shows or movies that may be available on other services. Among tho...


MoviePass is raising prices, limiting access to first run blockbusters

No exact date has been set for when Moviepass will raise their price. After hitting rock bottom last week when the ticking service ran out of cash , the com...


Harley-Davidson unveils new range of electric motorbikes and an electric bicycle

As part of the strategy, Harley-Davidson plans to offer its most comprehensive lineup of motorcycles, competing in numerous largest and fastest growing segments...


Big Mac turns 50, McDonald's marks anniversary with 'MacCoin'

Beginning Aug. 2 and running through the end of the year, customers can get a MacCoin with a Big Mac , and starting the next day they will be able to use the...


Has Elon Musk been reduced to selling trinkets to keep Tesla afloat?

The board is six feet and eight inches long, reinforced with "Black Dart" carbon fibre and features gloss and matte finishes, all features inspired by Tesla's c...


Homeless man hands out resumes, gets hundreds of job offers

Casarez graduated from Texas A&M and has three years of software development experience, according to his resume, reported KRON. Casarez was surprised to ...


Tech stocks lead a slide on Wall Street

Investors noted that strong corporate earnings have helped prop up USA stocks despite ongoing concerns about tariffs raising companies' costs and cutting into t...


Could EU Announcement be Springboard for Other Trade Announcements?

Considering that the negotiating agenda Mr. Trump and Mr. Juncker sketched resembles the Transatlantic Trade and Investment Partnership that President Barack ...


Shareholders approve Disney's purchase of most of 21st Century Fox

Disney must have really wanted it, though, because after they upped their offer Comcast dropped out , purportedly to instead focus on its battle with Fox to...


Facebook market value plunges $120 bil

In fact, about 175 companies in the S&P 500 are worth less than the $15.9 billion that vanished from the fortune of the Facebook Inc.co-founder as shares of the...


Intel posts strong earnings but stock falls as data center growth disappoints

Earlier, they had closed at $52.16 in NY, leaving them up 13 percent this year. Within Intel's data-centric businesses, the data centre group led the way with...