Economy

by | May 23, 2019 | 03:42

The US benchmark reached $63.81 earlier, the highest since May 1. USA crude inventories rose unexpectedly last week to their highest since September 2017, Energy Information Administration data showed. Saudi Arabia accused Iran of ordering the pipeline attacks, targeting "the security of oil supplies. and the global economy". U.S. investigators have also accused Iran or the groups it supports of using explosives to damage four tankers off the United Arab Emirates earlier this month.

by | May 21, 2019 | 04:28

Given we're not expecting the next flagship phone , the Huawei Mate 30 , until later in the year, this lifting doesn't relieve fears that the brand will struggle without having full access to the Android operating system . components, and obtaining a licence would involve having to demonstrate the exchange would not harm USA national security, which is likely to be hard.

by | May 16, 2019 | 04:14

Saudi Arabia and the UAE back the sanctions against Iran, a fellow OPEC producer but regional foe. "There won't be any war. It is easy to throw accusations but it is a hard situation, there are serious issues and among them is Iranian behavior", he said, mentioning concern about Iran's missiles and regional policy.

by | May 15, 2019 | 00:14

That what it does, instead, is offer the equivalent of digital shelf space and that developers are the ones selling apps to consumers, subject to rules and terms set by Apple . The Supreme Court did not rule on the customers' likelihood of success - only that they have the right to sue. That potential massive loss in revenue is behind the 5.6 percent drop in Apple's share price this morning, though we note tech stocks in general are down a few per cent today because someone's been ...

by | May 14, 2019 | 02:57

Asian stocks and European shares edged lower Monday as global markets await details of how China will retaliate against the USA after President Donald Trump moved to further hike tariffs on Chinese imports late last week. This means it is not unlike Amazon , Facebook or even Apple - companies that are true pioneers in their industry. Like all periods of transition, there are ups and downs.

by | May 11, 2019 | 07:02

Investment bank Goldman Sachs puts the odds of the US slapping higher tariffs on $200 billion in Chinese goods on Friday at 60 percent. The increase takes effect on the second day of Liu's visit, but it will not dampen hopes for an agreement, at least in the mind of U.S.

by | May 10, 2019 | 16:03

Yahoo Finance will host a forum on business opportunities between China and the United States here Friday during the annual shareholders' meeting of Berkshire Hathaway Inc ., according to a pre-event notice issued by Yahoo. "I don't like lying". But Buffett was supportive of the food giant and its management, even after Kraft Heinz said Monday it will restate its earnings for 2016 and 2017.

by | May 10, 2019 | 15:54

He also mentioned the figure US$325 billion, seeming to hint at tariffs on remaining imports from China . Trump says despite being poised to impose the additional tariffs, he is not looking for a trade war with Beijing. The renewed tensions roiled global stock markets this week and unnerved exporters. In comments to Chinese state media upon arriving in Washington , Liu said that hiking tariffs "is very disadvantageous to both parties".

by | May 09, 2019 | 04:28

With less than 36 hours before the higher tariffs take effect, investors are on edge over the risk that talks between the world's two-biggest economies will derail, sinking hopes for a lasting truce to their trade war. He declined to give specifics and said the USA side had originally hoped to conclude a deal one way or the other this week. "China won't shun problems and is honest about continuing talks".

by | May 09, 2019 | 02:44

U.S. crude inventories fell by 4 million barrels in the week to May 3, the Energy Information Administration said . Crude inventories fell by 4 million barrels in the week to May 3, compared with analysts' expectations for an increase of 1.2 million barrels.

by | May 06, 2019 | 04:36

President Trump , who has called himself a "tariff man", vowed to hike import taxes on $200 billion in Chinese products from 10 percent to 25 percent. 325 Billions Dollars of additional goods sent to us by China remain untaxed, but will be shortly, at a rate of 25%. In February, Trump delayed a tariff hike planned for March 1, citing "productive" talks between the United States and China.

by | May 05, 2019 | 05:12

The total offering size could still rise to $2.7B if underwriters exercise their options to purchase additional stock and notes. The company's shares were up 5 percent at $245 in premarket trading on May 2 after it unveiled the plans. The company paid off a $920 million in debt with money last month and faces another $180 million in debt. Notably, the European Model 3 comes with a CCS charge port unlike Model S and Model X, meaning Model 3 can additionally make use of other charging ...

by | May 05, 2019 | 04:55

The Amazon stake further cements the relationship between Berkshire Hathaway and Amazon . 'We now have the right person to succeed me as CEO - a successor ready to assume the job the day after I die or step down, ' said Buffett. Berkshire Shareholders were also seen at the Kiewit Building and taking selfies with the company headquarters building. Unlike other annual meetings, the goal here is not to release company results but to hear Buffett identify companies that he might invest ...

by | May 04, 2019 | 07:13

TIAA CREF Investment Management LLC now owns 26,144,522 shares of the iPhone maker's stock valued at $5,901,864,000 after purchasing an additional 454,086 shares during the last quarter. The tech giant made up some of that decline with growth in its services and wearables businesses. Maybe it's that iPhones keep getting more and more expensive at a time when consumers have realised the price premium isn't worth it in an age of excellent mid-range phones, or just that consumers are upgrading ...

by | May 03, 2019 | 05:54

The Trump administration last week announced it would not extend waivers of usa sanctions for countries buying Iranian oil after May 2, in a bid to cut off all foreign sales of the Islamic Republic's key export. "We will look at (global oil) inventories - are they higher or lower than the normal level and we will adjust the production level accordingly". Analysts and market participants downplayed the comments as details were unclear.

by | May 01, 2019 | 15:44

Speaking of expenses, part of that $29.7 billion number includes a $1.7 billion fine which Google had to pay to the European Commission for infringing on competition laws with AdSense and Google Search. Alphabet also reported widening losses in its "Other Bets" category - a broad segment that includes experimental ventures such as self-driving vehicle business Waymo and internet-balloon subsidiary Loon.

by | April 30, 2019 | 04:32

Fortunately, shares seem to be climbing once again with highs of $130.37 in pre-market trading at the time of writing, according to Android Police . "Leading organizations of every size in every industry trust the Microsoft cloud ", chief executive Satya Nadella said in a statement.

by | April 30, 2019 | 04:28

Elon Musk has struck a deal over his Twitter use with the US Securities and Exchange Commission , averting a decision by a federal judge on whether the billionaire should be held in contempt of court. Musk corrected his tweet hours later, saying the company's pace of production would amount to 500,000 vehicles, but Tesla would only produce 400,000 in the calendar year.

by | April 29, 2019 | 12:56

The White House claims the U.S.is ending exemptions from sanctions for countries that import Iranian oil. He calls it as a long-arm jurisdiction that has been imposed by the US on Iran. "Our cooperation with Iran is open, transparent, lawful and legitimate, thus it should be respected". Last year, the USA had re-imposed sanctions on Iran's energy, ship building, shipping and banking sectors.

by | April 28, 2019 | 06:11

American Airlines Group Inc cut its 2019 profit forecast on Friday, blaming an estimated $350 million hit from the grounding of Boeing's 737 MAX planes during its busiest travel season, but said it was confident the aircraft would start flying by mid-August.

by | April 27, 2019 | 02:48

Tesla will also be introducing Standard Range versions of the S and X, which won't produce quite the same mileage after a charge, but will carry more manageable price tags. An investigation is underway and Tesla China has said it will cooperate. Tesla's lithium-ion batteries have reportedly caught fire in at least five cases both as a result of a collision as well as when parked.

by | April 27, 2019 | 02:49

Excluding the legal costs set aside for the investigation, profit was US$1.89 a share, topping the average analyst estimate of US$1.62. Facebook is about to pay as much as $5 Billion to the government as a fine for misusing the data of its subscribers.

by | April 23, 2019 | 05:11

The Trump administration is focused on increasing the pressure on Iran. The White House said Saudi Arabia and the United Arab Emirates - close U.S. Now it's up to the governments of China, India, Turkey, and others to step in to guarantee the purchase of Iran's oil. US sanctions waivers for Iranian oil that the United States issued to China, India, Japan, South Korea, Italy, Greece, Turkey, and Taiwan won't be renewed on May 2, according to the White House.

by | April 22, 2019 | 18:57

Brent crude futures rose by as much as 3.3 percent to $74.31 a barrel, the highest since November 1, before easing back to $73.87 by 9:15am GMT. Twenty-three of its importing countries have dropped their purchases to zero, and of the eight granted waivers in November, three are down to zero.

by | April 21, 2019 | 00:39

Pinterest raised $1.4bn (£1.1bn) in one of the most highly-anticipated flotations of the year, valuing it at $12.7bn. Pinterest's flotation on the stock market marks yet another Silicon Valley unicorn going public, following Zoom Video Communications and Lyft, and in advance of Uber which is expected to go public in May 2019.

by | April 21, 2019 | 00:30

There will be an outdoor egg hunt with a difference, walking tours and lots of free family fun. There will be no shortage of Easter eggs to be tracked down around the region in the next few days. Admission: Children (2-12 years) $4.90, Adults $3.90. Kids up to 10 years of age are welcomed to Courthouse Park Saturday morning, for the annual event.

by | April 21, 2019 | 00:23

Users' information was not compromised, the company said. A spokesperson for car2go said, "Out of an abundance of caution and safety for our members we are temporarily pausing our Chicago service". "The investigation is ongoing". In a statement, the Chicago Police Department said most of the vehicles had been recovered in Chicago's West Side. Car2Go's Chicago fleet includes the Smart ForTwo , the Mercedes-Benz CLA , and the Mercedes-Benz GLA.

by | April 18, 2019 | 05:12

Lawmakers are prepared to go to court to obtain Mueller's full report along with underlying evidence . The same measure was blocked three times in the Republican-controlled Senate . After all, Mueller is the prosecutor in this investigation, not Barr. The press conference will occur at 9:30 a.m., and Barr, who will appear with Deputy Attorney General Rod J.

by | April 18, 2019 | 03:30

The last flight will operate tonight, as the beleagured airline was unable to get emergency funding from the lenders or any other source. Since April 11 Jet Airways has stopped operating its sole worldwide flight from Bengaluru-the daily 9W235 flight to Amsterdam.

by | April 18, 2019 | 00:19

The companies also have reached a six-year license agreement , effective as of April 1, 2019, including a two-year option to extend, and a multiyear chipset supply agreement. Intel has announced that it is to leave the 5G smartphone modem business and will assess the opportunities for 4G and 5G modems in PCs, as well as data-centric and IoT devices.