Sunday May 19-th, 2019

Trump 'not happy' with Fed's interest rate hike

The third rate hike of the year would lift the fed funds rate by 25 basis points to a range of 2%-2.25%. The Fed's actions and its updated economic forecasts Wednesday had been widely anticipated, and there was little immediate reaction in the stoc...

Iran says Trump is why oil prices are now so high

Front-month Brent crude futures LCOc1 were at $82.17 per barrel at 0133 GMT, up by 83 cents, or 1 percent from their last close, just off Tuesday's four-year highs. The so-called "Opec+" group, which includes Russia , Oman and Kazakhstan, met over t...

21st Century Fox agrees to sell 39% Sky stake to Comcast 21st Century Fox agrees to sell 39% Sky stake to Comcast

Comcast dropped out of that contest to focus on its acquisition of Sky. Comcast's offer of about £17.28 per share beat Fox's highest bid of £15.67 in a three-round bidding battle that began on Friday. 21st Century Fox said it was "considering opt...

Federal Reserve Raises Interest Rates For Third Time

However, while the median forecast for the target interest rate is unchanged, the range is spread widely with an equal number of central bankers expecting two, three or four increases in 2019. He speaks on "Bloomberg Daybreak: Australia". Donald Tr...

Nafta: Donald Trump says United States 'not getting along' with Canada Nafta: Donald Trump says United States 'not getting along' with Canada

Shortly after Trump's news conference, the Prime Minister's Office disputed the president's statement - insisting it did not request a meeting. Trump quashed any hopes of that in his press conference Wednesday and it appears Canada is unlikely to j...

The trade imbalance with China ‘cannot be tolerated — Trump to UN

China on Wednesday unveiled plans to cut tariffs for products including machinery, electrical equipment and textile products beginning on November 1, as the country braces for an escalating trade war with the United States. The move boosted imports o...

ACs, refrigerators, flying gets costlier as Centre hikes import duty ACs, refrigerators, flying gets costlier as Centre hikes import duty

The government has chose to increase customs duty on import of 19 items . The total value of imports of these items was Rs 86,000 crores, the ministry added. The other items include washing machines, speakers, radial vehicle tyres, jewellery ...

Federal Reserve raises interest rates, flags end of 'accommodative' policy

John Williams, a long-time central banker and the newly installed president of the New York Federal Reserve Bank, earlier this month said the United States was experiencing a "goldilocks economy", meaning the Fed only needed to raise rates graduall...

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

Donald Trump insisted "a few times" that "if we renegotiate NAFTA. there will be no need to worry about these other things", Trudeau said. "If you can't have some curb on the arbitrary use of tariffs under the guise of national security, with a membe...

Google lifts cryptocurrency advertising ban for regulated exchanges Google lifts cryptocurrency advertising ban for regulated exchanges

Cryptocurrency exchanges in the United States and Japan will be allowed to advertise with Google again in October. Even though Google is updating its advertising policy to accommodate regulatory cryptocurrency exchanges it has asked advertisers t...

Dunkin Donuts dropping Dunkin Donuts dropping "Donuts" from its name

Doughnuts are still on the menu, but the company is renaming itself "Dunkin'" to reflect its increasing emphasis on coffee and other drinks. They're also giving away friendship bracelets to really solidify the first-name basis marketing campaign.

Oil slips as OPEC reportedly weighs increasing output Oil slips as OPEC reportedly weighs increasing output

Brent crude hit its highest since November 2014 at $80.94 per barrel, up $2.14 or 2.7 per cent, before easing to $80.62 by 11:05am EDT (15:05 GMT). The OPEC oil cartel raised its global production forecast this weekend based on higher-than-predic...

The entire United Nations just laughed in the middle of Trump's speech The entire United Nations just laughed in the middle of Trump's speech

Trump touted the administration's steps toward peace with North Korea and thanked member states for their assistance; part of getting North Korea to the table was an aggressive, global sanctions regime. President Donald Trump addresses the 73r...

Brent oil trades steady near four-year high while USA crude retreats Brent oil trades steady near four-year high while USA crude retreats

Brent rose on Tuesday to its highest since November 2014 at $82.55 per barrel. The updated report comes as U.S. President Donald Trump and Iranian President Hassan Rouhani exchanged taunts at the United Nations General Assembly on Tuesday.

Gemini seeks expansion into European cryptocurrency market Gemini seeks expansion into European cryptocurrency market

The Gemini Trust Company, founded in NY in 2014, is now ranked the 58th largest crypto exchange globally by adjusted daily traded volume, according to CoinMarketCap. More than 400 different crypto exchanges have sprung up around the world since t...

UK to favor skilled migration, no EU preference after Brexit UK to favor skilled migration, no EU preference after Brexit

It also explains European Union concerns that "embedded services", such as the financing of vehicle sales, represent much of the cost of many goods and that, under Chequers, Britain offers to match European Union standards only on the final product, ...

Canada refusing to make concessions on NAFTA

Chamber of Commerce at an event in New York City . As a result, the agreement would have to be finalized before October. U.S. Trade Representative Robert Lighthizer said there was "some distance" between the two sides on issues such as access to C...

Millionaire's daughter dies of allergy on British Airways flight Millionaire's daughter dies of allergy on British Airways flight

But she suddenly fell unconscious and suffered a cardiac arrest before being given cardiopulmonary resuscitation. The statement said: "We waited a couple of minutes to see how she reacted". The inquest at West London Coroner's Court is expected to ...

UK's Labour opposition says it will reject Theresa May's Brexit deal UK's Labour opposition says it will reject Theresa May's Brexit deal

The vote opens up a clear division between the UK's two main parties - with the Conservative minority government still committed to leaving. The math on that vote looks ominous for May's government, however, because it lacks an overall majority.

Michael Kors makes high-end fashion statement with $2.2 billion Versace buy Michael Kors makes high-end fashion statement with $2.2 billion Versace buy

The 1.83 billion euro deal was hotly anticipated and adds the Italian brand's maximalist sensibility to its portfolio, which includes Michael Kors as well as Jimmy Choo, which was acquired for $1.2 billion a year ago. With its recent acquisition,...

Sensex plunges 536 points, Nifty breaches 11,000 mark Sensex plunges 536 points, Nifty breaches 11,000 mark

The benchmark BSE Sensex rose 347 points to finish at 36,652, while the broader NSE Nifty managed to reclaim the psychological 11,000-mark. On the other hand, HCL Technologies, Monnet Ispat & Energy, Gangotri Textiles, Electrosteel Steels, Prak...

Canada not making concessions needed for a NAFTA deal, says U.S.

The U.S. reached an agreement with Mexico to overhaul NAFTA last month and is now pushing Canada to sign on. As a result, the agreement would have to be finalized before October. "There's still a fair amount of distance between us. We certainly want ...

Comcast buys 29.1 percent of Sky stock in market purchases Comcast buys 29.1 percent of Sky stock in market purchases

Comcast Corp.'s winning bid for Sky Plc is poised to catapult the USA cable giant's debt load to $100 billion or more, putting it in a club that only a handful of other companies belong to. Since then, Fox again raised their offer - to UK£14 per sh...

Instagram founders clash with Mark Zuckerberg, leave Facebook Instagram founders clash with Mark Zuckerberg, leave Facebook

Systrom and Krieger did not give a reason for their departure, according to people familiar, but said they planned to take time off after leaving Instagram. As the New York Times noted, Instagram isn't the only one of Facebook's assets to lose it...

Gold Prices Fall As US-China Trade Spat Intensifies Gold Prices Fall As US-China Trade Spat Intensifies

Americans for Prosperity President Tim Phillips on why he disagrees with President Trump's tariff fight with China. As the fight intensifies, China is running out of USA imports for retaliation. Neither side has backed down since the tit-for-tat ta...

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