Money

Google Pixel 3 First impressions

Google Pixel 3 First impressions Also , check out this awesome video showcasing the recording capabilities of the new Pixel phones. "This is all done on-device and takes advantage of Pixel Visual Core, so it doesn't require an internet connection", Google said. While we could direct you straight to Google's keynote address, we'd rather focus on the initial impressions from tech enthusiast MKBHD, someone who wouldn't be temp... [Full Article...]

Two PSUs place orders for Iranian crude

Two PSUs place orders for Iranian crude US Secretary of State Mike Pompeo said last month that the White House would only consider waivers for Iran's oil buyers if they vowed to eventually bring their imports to zero. "We do not know if we will get a waiver (from U.S. sanctions) or not". Trump administration officials told the Free Beacon in June they are "not granting waivers" to some countries importing Iranian oil, but walked t... [Full Article...]

Crude oil prices may have peaked

Trump administration officials told the Free Beacon in June they are "not granting waivers" to some countries importing Iranian oil, but walked that statement back late Monday when a USA official disclosed it is now actively working to grant "individual countries" waivers from the new oil sanctions. [Full Article...]

International Monetary Fund predicts 7.3% growth rate for India in current fiscal year

International Monetary Fund predicts 7.3% growth rate for India in current fiscal year The International Monetary Fund has warned a trade war between the USA and China risks making the world a "poorer and more unsafe place" in its latest assessment of the global economy . But it predicts that US growth will slow to 2.5 per cent next year as the effect of recent tax cuts wears off and as US President Donald Trump's trade war with China takes a toll. [Full Article...]

Apple Tells US Congress It Found No Signs of Chip Hack

Apple Tells US Congress It Found No Signs of Chip Hack The original report from Bloomberg last week claimed that the Chinese government had Super Micro include a rice-grain sized chip on its motherboards. The infiltration of the computer systems, which stemmed from servers assembled by Super Micro Computer Inc., was investigated as part of an Federal Bureau of Investigation counter-intelligence probe, according to national security officials famil... [Full Article...]

Crude Oil Price Analysis: Risk Premiums Unwind as US Mulls Waivers

Crude Oil Price Analysis: Risk Premiums Unwind as US Mulls Waivers As reported, Indian Oil Corp will lift six million barrels of Iranian oil while Mangalore Refinery and Petrochemicals Ltd ships in three million barrels. Pradhan said that while speaking to Saudi Arabia's energy minister Khalid A. Al-Falih two days ago he had reminded him of Opec's June decision and added that perhaps the increase in oil productions had not taken place. [Full Article...]

GOP hits Gillum over hurricane response as Michael gains strength

GOP hits Gillum over hurricane response as Michael gains strength Rick Scott issued an order for a state of emergency for 26 counties to rush preparations in the Florida Panhandle and the Big Bend area, freeing up resources and activating 500 members of the Florida National Guard. In anticipation of travel impacts, Southwest has implemented a flexible rebooking policy for customers scheduled to fly to or from several cities in the storm's path this week, in... [Full Article...]

US Actively Considering Waivers on Iran Oil Sanctions

The world's third-biggest oil consumer, India, will continue importing crude from Iran despite United States threats to punish companies working in the Islamic Republic past the November sanctions deadline, Reuters reports . USA sanctions will target Iran's crude oil exports from November 4, and Washington has been putting pressure on governments and companies worldwide to cut their imports to ... [Full Article...]

Oil rises ahead of US Iran sanctions; outlook less certain

Oil rises ahead of US Iran sanctions; outlook less certain Since April this year the exports have been falling. The US's latest moves were triggered by the ICJ's ruling on October 3 that the former must ensure that its sanctions on Iran did not affect the West Asian nation's humanitarian aid or civil aviation safety, CNBC reported . [Full Article...]

Mattress Firm files bankruptcy, will close 700 stores

Mattress Firm files bankruptcy, will close 700 stores The company has more than 3,200 stores and more than 9,800 employees in the United States and in recent years had aggressively expanded its retail footprint. South Africa-based Steinhoff acquired Mattress Firm in 2016. In conjunction with its prepackaged restructuring plan, Mattress Firm has secured about $250 million in debtor-in-possession financing, which will be available to support its ... [Full Article...]

USA unemployment drops to the lowest level since 1969

USA unemployment drops to the lowest level since 1969 Hospitals added 12,000 jobs last month, 47% of total healthcare hiring, and easily beating out ambulatory's 10,300 jobs. This suggests that the tax cuts that took effect this year are boosting job opportunities. Instead, and in the absence of other indicia, there's no reason to assume that the September employment report won't be a variation on the trends that have prevailed so far this year. [Full Article...]

Rupee hits new low of 73.77, plunges 43 paise against US dollar

Rupee hits new low of 73.77, plunges 43 paise against US dollar A section of banks have a day before the RBI announcement, hiked interest rates. Taking all these factors into account, the committee predicted that both growth and inflation will continue well into 2019-20, where inflation is projected at a 4.8%, depending on a few domestic and global market forces. [Full Article...]

$100 Oil is Coming Thanks to Trump’s Sanctions on Iran

$100 Oil is Coming Thanks to Trump’s Sanctions on Iran Oil markets are looking to OPEC and Russian Federation to make up shortfalls in supply. Supply losses from Iran to Venezuela continued to rattle markets, boosting volatility and driving prices higher. Total volume traded was about 13% above the 100-day average. Brent for December delivery was fetching around $85.30 per barrel in late London business versus $81.50 per barrel at the same time t... [Full Article...]

Dancing May upbeat about Brexit deal

Dancing May upbeat about Brexit deal On Wednesday, she was keen to show she was in charge of the Brexit talks. And she announced the setting up of a new cancer detection network where Global Positioning System will send all patients with possible cancer symptoms to rapid diagnostic centres. [Full Article...]

As BJP States Follow Centre in Cutting Fuel Prices, Kerala Refuses

As BJP States Follow Centre in Cutting Fuel Prices, Kerala Refuses Following this, the Gujarat and Maharashtra Governments announced additional relief of Rs2.5/litre Petrol/Diesel. For almost a month, union ministers had insisted there would be no cut in prices of petrol and diesel , but the Narendra Modi government on Thursday succumbed to the pressure built not just by the farmer protest, but to voices within the Bharatiya Janata Party (BJP). [Full Article...]

September jobs report shows unemployment hitting 49-year low

September jobs report shows unemployment hitting 49-year low The unemployment rate for African-Americans dropped three-tenths of a percent to 6%; hovering slightly higher than the historic low of 5.9%. The low unemployment rate provided more evidence of a booming economy, which is now in a record eight-year streak of job gains. [Full Article...]

Trade deal returns U.S. to 'manufacturing powerhouse'

Trade deal returns U.S. to 'manufacturing powerhouse' The US, Canada and Mexico have reached a deal to revamp the North American Free Trade Agreement (NAFTA ), ending months of bitter dispute between the world's largest economy and its closest neighbours. The deal does not include any changes to separate U.S. tariffs on steel and aluminum levied earlier this year on Canada, Mexico, China, the European Union and others. [Full Article...]

Pence accuses China of 'malign' campaign to undermine Trump

Pence accuses China of 'malign' campaign to undermine Trump The vice president said a senior American intelligence official told him "what the Russians are doing pales in comparison to what China is doing across this country". Washington has long cited China as a major culprit in the hacking of U.S. government and corporate databases. "Our intelligence community says China is targeting U.S. [Full Article...]

Disappointing market debuts of Aston Martin and Funding Circle

Disappointing market debuts of Aston Martin and Funding Circle The firm narrowed the range of its IPO from between £17.50 and £22.50 per share to between £18.50 and £20 per share. In going public, the British company is asking investors to overcome fears about USA threats to tax foreign autos and the potential for Britain's planned exit from the European Union to disrupt supply chains and markets . [Full Article...]

Millions of potentially faulty hybrid vehicles — Toyota recall

Millions of potentially faulty hybrid vehicles — Toyota recall The call comes just one month after another recall where more than a million hybrids across the globe were found to have a technical problem that could cause fires in the vehicle. Toyota said it would update the software of the vehicles for free to remedy the problem. Toyota said it had received three reports from Japan by the end of September that related to the problem and it reported them to ... [Full Article...]


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