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Finance

In particular, he warned, Russian Federation has been rallying and supporting, financially and organizationally, groups on the far left and far right "that stood for really heinous and ugly causes". Hunt said there are several reasons for optimism, praising the United States for its strong stance on Russia following the March poisoning of a former Russian agent and his daughter in the British town of Salisbury.
  • Rupee breaches 70/$ as investors turn jittery over Turkish currency turmoil

    Rupee breaches 70/$ as investors turn jittery over Turkish currency turmoil

    Finance

    The Financial Benchmarks india private limited (FBIL) today fixed the reference rate of the rupee at 69.7696 against the USA dollar and 79.6997 for the euro. However, the home currency recovered and was trading at 69.86, up 0.09%, at 1.47pm. In a ray of hope for domestic economy, latest data showed that retail inflation fell to 9-month low of 4.17 per cent in July on declining vegetable prices which may prompt the Reserve Bank to pause interest rate hike in its next monetary policy ...
  • 'Manic Monday': Turkey's collapse sinks emerging markets

    'Manic Monday': Turkey's collapse sinks emerging markets

    Finance

    Erdoğan has accused the United States of stabbing Turkey in the back, the government has announced a crackdown on those on social media spreading fake news about the crisis and the central bank has eased financing requirements for Turkish banks.
  • US Market Indexes Close With Losses on Friday

    US Market Indexes Close With Losses on Friday

    Finance

    The euro was down 0.5% to $1.1463 and the dollar hit a one-year high as investors looked for safe assets, before falling slightly. Meanwhile, concerns over escalating trade conflict between the USA and China weighed on the trade-sensitive S&P 500 Industrials Index, which ended up losing 0.57% on the day.
  • Turkey in danger zone as Trump raises tariffs

    Finance

    Trump said in an early morning post on Twitter . Erdogan replied that Turkey will not back down despite Trump's sanctions policy and said he would answer with mirror retaliation. "But if the United States can't handle relations with Turkey ... then a further deepening of relations with Moscow is an option. Failure to reverse this trend of unilateralism and disrespect will require us to start looking for new friends and allies", Erdogan said.
  • Indian Oil buys U.S. crude to part replace Iran cargoes

    Indian Oil buys U.S. crude to part replace Iran cargoes

    Finance

    In the USA, nationwide crude stockpiles dropped 1.35 million barrels last week, according to the EIA, while supplies stored in the key hub of Cushing, Oklahoma, slid for a twelfth straight week, declining by 590,000 barrels. Iran is the third-largest producer in the Organization of the Petroleum Exporting Countries. The market was also bolstered by a report on Tuesday from the American Petroleum Institute, which said crude inventories fell by 6 million barrels in the week to August 3 to ...
  • Where can you actually find $1 beer in Ontario?

    Where can you actually find $1 beer in Ontario?

    Finance

    In 2008 the previous government made a decision to ban Buck-a-Beer by setting a higher minimum price and today the retail price floor sits at $1.25. "After spending weeks ripping up contracts and curriculums, dismantling climate plans and pilot projects, this is the first time the premier has actually given us something", Schreiner said in a statement.
  • China's restrained new tariff 'rational' - USA

    China's restrained new tariff 'rational' - USA

    Finance

    The Chinese Ministry of Commerce said it was "forced to do act" after Trump's threat earlier last week to raise a proposed tariff rate on US$200 billion worth of Chinese goods from 10 per cent to 25 per cent. China's Commerce Ministry said in a seperate statement Beijing's new set of proposed import tariffs on United States goods were rational and restrained.
  • Musk says going private would free Tesla

    Musk says going private would free Tesla

    Finance

    Musk's target for taking the company private would value it at more than $82 billion, according to Bloomberg . Musk did not disclose the source of the funding. In his typically unorthodox fashion, the eccentric Mr Musk dropped his bombshell on his Twitter account, which he has used as a platform for pranks, vitriol and now for a proposal to pull off one of the biggest buyouts in USA history.
  • China reveals plan to tax $60 bn worth American goods

    China reveals plan to tax $60 bn worth American goods

    Finance

    The bottom line: The tariffs do raise money for the US government, but it's a small amount - and it's mostly being paid for by Americans . His tweet Sunday comes after recent reports that China will impose tariffs on $ 60 billion of USA products, escalating a potential trade war .
  • Oil prices drop as U.S. inventory rises

    Oil prices drop as U.S. inventory rises

    Finance

    Brent crude , the global benchmark, shed 2.2 per cent to $72. OIL traded near $68 a barrel after sliding for two consecutive sessions as rising USA inventories and higher output from the Organization of Petroleum Exporting Countries ( Opec ) and Russian Federation weighed on the market.
  • US jobless rate ticks down to 3.9 percent

    US jobless rate ticks down to 3.9 percent

    Finance

    Job gains were seen in the durable goods manufacturing and health care sectors as well as in restaurants and bars. The jobless rate had risen in June from an 18-year low of 3.8 percent in May. Politically sensitive trade gaps with China, Mexico and Canada all increased, potentially setting the stage for even more sabre-rattling tweets from President Trump .
  • How the Bank of England’s interest rate rise affects you

    How the Bank of England’s interest rate rise affects you

    Finance

    The Bank of England's Monetary Policy Committee (MPC ) has voted unanimously to raise the Bank Rate from 0.5% to 0.75%. With five out of the six members voting for the increase, the Monetary Policy Committee (MPC) headed by RBI Governor Urjit Patel increased repo rate, at which it lends to other banks, to 6.5 per cent from 6.25 per cent now but kept its policy stance as "neutral".
  • Iran Guards says it held Gulf drills as US tensions rise

    Iran Guards says it held Gulf drills as US tensions rise

    Finance

    While the USA failed to persuade Beijing to stop importing Iranian oil, the Chinese government did say it would not increase the imports, according to Bloomberg , which cited two anonymous officials "familiar with the negotiations". On the back of renewed tensions between Iran and the USA, the Islamic Republic's President Hassan Rouhani delivered a thinly-veiled threat to hamper oil shipments in the Gulf.
  • Trump could raise tariffs further on Chinese goods

    Trump could raise tariffs further on Chinese goods

    Finance

    Geng said at a news conference, "we advise the United States to be level-headed and avoid simply acting on impulse". The asymmetric economic and financial performance of the United States and China has convinced the White House it has "escalation dominance" and should press home its advantage.
  • Every US Valuation Milestone Since 1781, Including Apple's Rise to $1T

    Every US Valuation Milestone Since 1781, Including Apple's Rise to $1T

    Finance

    As with other landmarks - such as the Dow crossing 25,000 points for the first time - the Apple record is significant because of its resonance beyond the financial universe. Apple Chief Executive Tim Cook has a trillion reasons to smile. Apple began in the garage of co-founder Steve Jobs more than 40 years ago. "The markets are starting to recognize the value of its platform and services more and more, and that's what is being reflected in the increase in market capitalization", ...
  • China warns of new tariffs on USA goods

    Finance

    Wang met with U.S. Secretary of State Mike Pompeo at a meeting of the Association of Southeast Asian Nations (ASEAN) in Singapore on Friday. The trade war between the USA and China is about to get more intense, as China says it is preparing to impose retaliatory tariffs on $60 billion worth of goods made in the United States.
  • Do's and Don'ts: WI sales tax holiday

    Do's and Don'ts: WI sales tax holiday

    Finance

    The sales tax was waived on purchases of clothing and school supplies of less than one-hundred dollars and on computers less than 15-hundred dollars. In 2017, the group said, 16 states conducted sales tax holidays . That will include most shoes, coats and jackets and baby clothes . This year, the state of Louisiana did not offer a tax free weekend which created extra shoppers heading down to MS to make their purchases.
  • Bank of England Raises Interest Rates to Highest Level Since 2009

    Bank of England Raises Interest Rates to Highest Level Since 2009

    Finance

    Laith Khalaf, a senior analyst at Hargreaves Lansdown, says: "Today's decision by the Bank of England to raise interest rates above 0.5% for the first time since the financial crisis is a symbolic one". Developers had discussed lowering GST and setting up a "Stressed Assets Fund" to complete stalled projects by providing lastmile funding, he said adding that the government should take decisions to enhance buyer sentiment.
  • Apple becomes world's first trillion-dollar company

    Apple becomes world's first trillion-dollar company

    Finance

    Meanwhile, Amazon had the second-largest US market cap as of Wednesday, which was around $872.5 billion, according to Business Insider. Jeff Carbone, co-founder of Cornerstone Financial Partners in Charlotte, North Carolina, has included Apple in his clients' portfolios for about a decade.
  • USA hits Turkish ministers with sanctions over pastor Andrew Brunson

    USA hits Turkish ministers with sanctions over pastor Andrew Brunson

    Finance

    Turkish President Recep Tayyip Erdogan has long cited a separation of powers to say that he has no control over his country's judiciary, although in the past he has expressed an interest in trading "pastors" with the United States. "Give him [Gulen] to us, and we will try [Brunson] and give him back", Erdogan said in September. Turkey's foreign ministry did not waste time in hitting back, saying: "There is no doubt that this will greatly damage constructive efforts working to solve the ...