Thursday December 13-th, 2018

Fed's interest rate increases 'don't have to go as fast' Fed's interest rate increases 'don't have to go as fast'

Currency investors took shelter in the safe-haven yen, resulting in steep losses for Japanese exporters, with electronics giant Sony down almost five percent as blue-chip firms flashed red across the trading board. Many observers expected that would ...

United States stocks plunge further, Dow drops 830 points

Treasury yields sent investors fleeing from risky assets. And there is still an overhang from the USA trade dispute with China , which accounts for sizeable portions of some tech companies' revenue. Higher rates increase borrowing costs, pinching co...

Fed's Evans sees a pause after lifting rates to around 3 percent

He adds, "I think the Fed has gone insane". "They are so tight. I just don't think it's necessary to go as fast". Trump reportedly made the remarks after stepping off Air Force One in Erie, Pennsylvania, where he is due to hold a "Make America Grea...

Risks to global financial system rise Risks to global financial system rise

Speaking to journalists in Bali, the Deputy Director, Research, IMF, Gian Maria Milesi-Ferretti, said the largest economies on the continent were holding down economic development in Africa as a result of poor growth rate. Among major middle-income c...

Download The Pixel 3’s Google Camera, Complete With RAW Support & New UI Download The Pixel 3’s Google Camera, Complete With RAW Support & New UI

There are also stereo front-facing speakers and an extra front-facing camera on both devices. I'll test the Google Pixel 3 to see if it can knock the Note 9 out, but the iPhone XS Max couldn't. That's going to be excellent for price conscio...

Stock and bond prices drop amid rising interest rates

On Wednesday, the 10-year yield once again touched its highest level in seven years. Apple (AAPL) has declined 1.4% to $223.73, Facebook (FB) has fallen 1.8% to $155.09, Netflix (NFLX) has slumped 5.7% to $335.33, Amazon.com (AMZN) has droppe...

Google challenges $5 bn EU antitrust fine in Android case Google challenges $5 bn EU antitrust fine in Android case

According to the New York Post , the Department of Justice is also looking into starting an investigation into Google's abuse of its Android monopoly in US, meaning the company may soon be fighting regulators on two fronts. Android, used by device ma...

Sears hires advisers to prepare bankruptcy filing Sears hires advisers to prepare bankruptcy filing

Sears Holdings is getting things in order for a bankruptcy filing that could come sometime this week. Sears is considering filing for bankruptcy protection as soon as this week as it faces a large debt repayment on Monday, reports The Wall Stree...

International Monetary Fund projects India growth at 7.3% in 2018 International Monetary Fund projects India growth at 7.3% in 2018

It was the first downgrade since July 2016. Not only have some downside risks that the WEO identified been realised, the likelihood of further negative shocks to our growth forecast has risen. Beijing has answered with taxes on $110 billion worth of ...

China's Central Bank to cut reserve requirement ratio for fourth time China's Central Bank to cut reserve requirement ratio for fourth time

Vice President Mike Pence , said Zhang Yi, chief economist at Zhonghai Shengrong Capital Management. "There's an acute shortage of confidence in the market". "Liquidity is not the issue". The key question is how to channel cash to the real economy...

US Actively Considering Waivers on Iran Oil Sanctions US Actively Considering Waivers on Iran Oil Sanctions

Brent crude futures rose $1.09 to settle at $85.00 a barrel, a 1.30 percent gain. U.S. West Texas Intermediate (WTI) crude futures rose 67 cents to settle at $74.96 a barrel, a 0.90 percent gain. China is reportedly reducing its oil imports from I...

Sydney commuter chaos after 122 call in sick on Monday Sydney commuter chaos after 122 call in sick on Monday

Monday morning's delays affected services on the T1 North Shore, T2 Inner West and Leppington, T3 Bankstown, T5 Cumberland and T8 Airport South lines, with buses called in to assist passengers. "In the last two weeks, for instance, we've had some awf...

Erdogan orders to stop using US firm McKinsey Erdogan orders to stop using US firm McKinsey

Earlier on Sunday, Treasury and Finance Minister Berat Albayrak said that the Turkish economy was in the process of stabilizing. On Saturday, Erdogan appeared to have scrapped the deal, however. His comments follow outcry from opposition parties,...

IMF Raises Russia's GDP Growth Forecast to 1.8% in 2019

Citing the U.S. tariffs on China and Beijing's retaliatory measures, as well as U.S. President Donald Trump's plan to impose global automobile and parts tariffs, International Monetary Fund chief economist Maurice Obstfeld said he regards "furthe...

Oil price drops to $83 on signs of Iran’s exports Oil price drops to $83 on signs of Iran’s exports

Pradhan said a new world order was being established and added , "Is this not a recognition of India's leadership?" Saudi Arabia's crown prince indicated the country has pumped up oil production and is willing to replace the lost Iranian barrels...

Climate change economists win Nobel prize Climate change economists win Nobel prize

Carbon taxes let producers pay for the costs of these releases. "One problem today is that people think protecting the environment will be so costly and so hard that they want to ignore the problem and pretend it doesn't exist". Many economists hav...

Despite US sanctions, India will buy oil from Iran in November Despite US sanctions, India will buy oil from Iran in November

In its World Economic Outlook released late on October 8, the International Monetary Fund said Iran's oil-driven economy is expected to shrink by 1.5 percent this year as a result of declining oil exports, with the drop in economic output accelerat...

International Monetary Fund says not approached by Pakistan for financial assistance International Monetary Fund says not approached by Pakistan for financial assistance

The IMF projections don't take into account Trump's threat to expand the tariffs to effectively all of the more than US$500 billion in goods the United States bought from China past year. Several emerging markets had their forecasts cut, including ...

India buying Iran oil in defiance of Trump sanctions India buying Iran oil in defiance of Trump sanctions

Consequently, rising oil supply has added to the pressure observed in the oil complex this morning. The deal had been signed between Iran and the five permanent members of the UN Security Council - the United States, Britain, France, Russia and Chi...

China avoids questions about Apple, Amazon chip hack report China avoids questions about Apple, Amazon chip hack report

Apple denied the report, and said that Bloomberg is confusing an event that took place in 2016 when the company found an infected driver on a single Super Micro server in one of its labs. DHS said they have no reason to doubt them or believe ot...

Tehran says Saudi Arabia unable to replace lost Iranian oil Tehran says Saudi Arabia unable to replace lost Iranian oil

But the administration is "in the midst of an internal process" of considering exceptions called SRE waivers, or significant reduction exemptions, said a government official who spoke on the condition of anonymity. India, second only to China in its ...

US SEC Announced Timeline for Reviewing 9 Bitcoin ETF Applications US SEC Announced Timeline for Reviewing 9 Bitcoin ETF Applications

This was clearly stated in the letter filed by CEO of GraniteShares, William Rhind, to the SEC . The notice was published following the Chicago Board Options exchange [Cboe] filing a second amendment to proposal for GraniteShares Bitcoin ETF .

Understanding the politics of fuel price Understanding the politics of fuel price

Nationalist Congress Party's Leader of Opposition in the Legislative Council Dhananjay Munde criticized the belated decision and reiterated that petrol-diesel must be brought under GST for providing genuine relief to the people. In India, nearly half...

CDC Identifies 16 States Affected By Ground Beef Salmonella Outbreak CDC Identifies 16 States Affected By Ground Beef Salmonella Outbreak

The affected products have an establishment number of " EST. "267" inside the USDA mark of inspection. Investigators linked 57 illnesses across 16 states to JBS Tolleson , Inc. Sixty-one percent are male. The raw beef was shipped nationwide to...

Unilever abandons plans to move headquarters after investor pressure Unilever abandons plans to move headquarters after investor pressure

Unilever's share price has slipped marginally into the red in London this morning, and as of 08:37 BST, was 0.29 percent down at 4,066.00 points. Unilever said in a stock exchange announcement at 7am today that the board had chose to withdraw its...

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