Thursday September 19-th, 2019

Home, auto loans to get cheaper from 1 October Home, auto loans to get cheaper from 1 October

In order to allow faster transmission of policy rate cuts to borrowers, the Reserve Bank has said that the lenders must link all new floating-rate loans for housing, auto and MSMEs with external benchmark like repo from 1 October. The state-run banks...

US, China to resume trade talks in Washington in October US, China to resume trade talks in Washington in October

Chinese Vice Premier Liu He agreed to a visit "in early October" during a telephone call on Thursday morning Beijing time with US Treasury Secretary Steven Mnuchin and US Trade Representative Robert Lighthizer, according to a statement from China's...

Oil prices nudge up, but economic worries loom Oil prices nudge up, but economic worries loom

As of 11:06 a.m. EDT on Tuesday, WTI Crude was down 3.23 percent at $53.23 and Brent Crude had fallen below $58 a barrel-to $57.59, down by 1.82 percent on the day. The United States this week imposed 15% tariffs on a variety of Chinese goods and...

Elon Musk’s Charm Offensive in China Earns Tesla a Tax Break Elon Musk’s Charm Offensive in China Earns Tesla a Tax Break

Tesla's new efforts to succeed in customers in China come because the Silicon Valley automaker is getting ready to open an enormous automobile assembly factory in Shanghai and confront fierce competitors within the luxurious electrical automobile ma...

Maruti to halt production at Haryana plants for two days Maruti to halt production at Haryana plants for two days

Maruti Suzuki shares were trading 2.5% lower at ₹5,900 in noon trade. "The consumer sentiment also continues to be low and there is clearly a trust deficit in lending money to the dealers", said Wadhera in a statement.All this while, the industry h...

Bill to block no-deal Brexit passes first stage in UK Parliament Bill to block no-deal Brexit passes first stage in UK Parliament

He leads a government with no majority in Parliament and may not be able to secure an election that could change that fact. Now, a government which has promised to deliver Brexit to the British people has its hands tied by a refusenik Parliamen...

United Auto Workers vote to allow strikes against Detroit's Big 3 automakers United Auto Workers vote to allow strikes against Detroit's Big 3 automakers

General Motors in Detroit . The fiercest contract negotiations are set to be between the UAW and GM executives, as the multinational corporation has idled two plants in the United States this year - in Lordstown, Ohio and Warren, Michigan - ...

Saudi Aramco gets new chairman to prepare for public listing Saudi Aramco gets new chairman to prepare for public listing

Saudi Arabia will split the vast energy, industry and mining portfolio that Al-Falih had run since 2016 into two separate ministries. It was the first time the company has published half-year financial results, and comes after Aramco opened its sec...

Stocks slump as additional US and Chinese tariffs kick in Stocks slump as additional US and Chinese tariffs kick in

Bloomberg News ( link ) also reported Monday that the parties are struggling to agree on what to discuss in upcoming trade talks. Still, stocks fell as investors turned pessimistic that any resolution will be forthcoming in the near future, even a...

German services shows resilience despite manufacturing crisis - PMI German services shows resilience despite manufacturing crisis - PMI

Manufacturing Purchasing Managers' Index reported a reading of 50.3 in August, its lowest in nearly a decade and down slightly from 50.4 in July. "Both manufacturers and service providers believe that supportive public policies can help shift growth ...

Amazon reportedly testing hand-scanning payment system Amazon reportedly testing hand-scanning payment system

The system - code-named "Orville" and intended only for Prime subscribers - is being now trialed by Amazon employees at its New York City offices, using it to buy sodas, chips, and granola bars from vending machines. An Amazon spokeswoman declined to...

Mouse horror at fast food restaurant Mouse horror at fast food restaurant

Now don't worry your fry's most likely aren't going to have a rat tail or two mixed in there, it appeared to be a deer mouse which is very common and are known to get into buildings from time to time. Whataburger officials responded to the video o...

Last 2 Kmart stores in ME to close by year's end

Kmart was once amongst the most popular places to shop in both Auburn and Augusta, where it predated any Walmart locations. Kmart in Minneapolis will be the only one still open. At its peak, Kmart had 4,000 stores nationwide about a decade ago, a num...

Hong Kong police fire beanbag rounds in overnight clashes with protesters Hong Kong police fire beanbag rounds in overnight clashes with protesters

The Hong Kong stock market soared 4%, boosted by the possible bill withdrawal. On June 15, Hong Kong Chief Executive Carrie Lam issued a reversal of the bill, indefinitely delaying it. Riot police cleared demonstrators from outside the Mong K...

Facebook replaces setting that only suggested friends to tag in photos Facebook replaces setting that only suggested friends to tag in photos

Facebook on Tuesday said facial recognition technology applied to photos at the social network will be an opt-in feature. In addition, features like Photo Review, which lets you know when you appear in photos even if you are not tagged, as long as ...

Gold gains after new US-China tariffs Gold gains after new US-China tariffs

Investor optimism about U.S. "This wasn't a fluke report". S&P 500 futures had risen by 0.6% or 18 points. Gold prices held steady on Tuesday as uncertainties surrounding U.S. The price of gold rose 1.5%. "Fears of a global economic slowdown ...

Brexit: No-deal opponents argue for Commons control Brexit: No-deal opponents argue for Commons control

As Lee was shifting sides, Johnson told the house that he wanted a negotiated exit from the European Union but the moves by the MPs to block a no-deal departure would "destroy any chance of negotiating a new deal". The bloc is adamant it will not r...

Argentina imposes currency controls to stem sharp drop in peso Argentina imposes currency controls to stem sharp drop in peso

The central bank has been authorized to restrict purchases of dollars as it burns through its reserves to prop up the peso. In central Buenos Aires, hawkers known as "arbolitos" regularly shout out "cambio", offering currency exchange to passers-by...

Walmart pulls back on gun sales Walmart pulls back on gun sales

The moves came a month after a deadly shooting at a Texas Walmart claimed 22 lives , a calamity that has been followed by subsequent attacks, including another shooting over the weekend in West Texas that left seven dead . "Congress and the adminis...

Tesco sells mortgage business to Lloyds Bank for £3.8bn Tesco sells mortgage business to Lloyds Bank for £3.8bn

Lloyds Banking Group has agreed to buy Tesco Bank's £3.7 billion United Kingdom residential mortgage portfolio, in a move likely to consolidate its dominance of Britain's ultra-competitive market for home loans. Supermarket chain Tesco said in May t...

ECB's Mersch Warns Over 'Treacherous Promises' of Facebook Libra ECB's Mersch Warns Over 'Treacherous Promises' of Facebook Libra

He refers to it as a cartel of major companies in the field of payment technology, and telecommunications industries. Lastly, sound money can't be manipulated by a coercive authority that imposes its use on others. While there are the issues of Libr...

Cupra Tavascan EV Concept With Three Electric Motor Revealed Cupra Tavascan EV Concept With Three Electric Motor Revealed

With the Formentor concept , Cupra demonstrated its short-term plans for electrified products but the new Tavascan study looks at the more distant future, where the brand's models will rely exclusively on electric power. On the inside, the veh...

Core sectors growth slows to 2.1% in July Core sectors growth slows to 2.1% in July

Growth had tapered off after hitting an 11-month high of 15.7 per cent in March. Due to the recession in the country, many industries are stagnating. "The core sector data offered mixed cues, with the moderately healthy growth of cement and steel...

No-deal Brexit: claim there will be no food shortages 'categorically untrue' No-deal Brexit: claim there will be no food shortages 'categorically untrue'

Property had become increasingly unaffordable for rising numbers of buyers in recent years, but Brexit uncertainty has served as a brake on the property market as buyers and sellers await greater political clarity. Against a backdrop of falling owner...

88-inch LG 8K OLED TV now available for $42000 88-inch LG 8K OLED TV now available for $42000

Model 88Z9 boasts 33 million self-emitting pixels, an nearly bezel-free design, and an integrated 80 W speaker system. The Korean electronics maker launched an 88-inch 8K OLED TV , which has four times as many pixels as the 4K, at home in July, an...

IN CASE YOU MISSED IT