Money

Saudi Arabia warns against sanctions over Khashoggi case

Saudi Arabia warns against sanctions over Khashoggi case Jamal Khashoggi disappeared after visiting the Saudi consulate in Istanbul on October 2 and Turkish authorities have speculated that he was either killed or kidnapped there, while Saudi Arabia has denied the accusations, reports Efe news. [Full Article...]

IEA sees lower demand for oil in 2018 and 2019

IEA sees lower demand for oil in 2018 and 2019 It posted a weekly decline of roughly 4.4%. They were moving in step with a two-day selloff across global stock markets — a move that raised concerns about economic resiliency and eventual energy consumption. “They include rising trade tensions, Fed policy tightening, and emerging-market weakness.”. In addition, OECD inventors were expected to have risen by 43 million barrels in the third quarter,... [Full Article...]

Trump's Threats Over Missing Journo Send Saudi Stock Market Into Record Plunge

Trump's Threats Over Missing Journo Send Saudi Stock Market Into Record Plunge Veteran Saudi journalist Jamal Khashoggi disappeared over a week ago while on a visit to the Saudi Consulate in Istanbul , sparking an worldwide uproar involving the kingdom, Turkey and the United States that remains unresolved until today. [Full Article...]

Mega Millions Climbs to an Astounding $654 Million

Mega Millions Climbs to an Astounding $654 Million Lottery officials will likely announce sometime Saturday if there was a winning ticket. No one has won since July. Friday's drawing was the 23rd time no one matched all six numbers. Three winners across three states split the record $656 million prize. Just behind that was a $648 million pot won in California and Georgia on December 17, 2013. [Full Article...]

World's longest flight from Singapore to NY takes off

World's longest flight from Singapore to NY takes off It told the BBC that there were only 67 business-class seats and 94 premium economy on the Airbus A350-900 ULR. Pier Messaggio, 41, an Italian electronics designer based in Singapore , said he is part of a group called "First to Fly" whose members have been on board all of Singapore Airlines' inaugural flights. [Full Article...]

Companies cut ties with Saudi Arabia over Jamal Khashoggi's disappearance

Companies cut ties with Saudi Arabia over Jamal Khashoggi's disappearance Trump's hesitation to strike back at the kingdom reflects close ties the White House has nurtured with the nation's de facto ruler, the crown prince, and his administration's acquiescence to other Saudi actions that have drawn worldwide condemnation. [Full Article...]

OPEC puts Iran's September oil output at 3.447m bpd

OPEC puts Iran's September oil output at 3.447m bpd This outcome increase has hit 4 Year highs recently and was unable to frame for predicted outcome losses from sanctions-hit Iran and Venezuela . Companies turned off daily production of about 670,800 barrels of oil and 726 million cubic feet of gas by midday on Tuesday, according to the federal offshore regulator, the Bureau of Safety and Environmental Enforcement (BSEE). [Full Article...]

Oil prices hold ground, but set for 4 percent weekly fall

Oil prices hold ground, but set for 4 percent weekly fall Brent crude futures edged up 13 cents to $80.39 a barrel by 0042 GMT. US crude futures fell 2 cents to $70.95. Iran's crude exports fell further in the first week of October, according to tanker data and an industry source, taking a major hit from USA sanctions and throwing a challenge to other OPEC oil producers as they seek to cover the shortfall. [Full Article...]

Will Interest Rates Sink Stocks?

Will Interest Rates Sink Stocks? It was the third consecutive day that Mr. Trump had criticized the Federal Reserve for raising interest rates; last night in Erie, Pennsylvania, the President said the Fed 'has gone insane'. He likes low interest rates. For instance, the September U.S.jobs report, which came out on October 5, found the unemployment rate had dropped to 3.7 per cent, a almost 50-year low; wage growth also stre... [Full Article...]

New Airbus to Embark on 19-Hour Commercial Flight

New Airbus to Embark on 19-Hour Commercial Flight A business class ticket entitles passengers to two meals, and the choice of when they are served, plus refreshments in between. "Currently, we have only a daily, non-stop flight from Singapore to San Francisco". Singapore Airlines launched the record-breaking route in 2004, but canceled it nine years later because of rising fuel prices. The A340-500 it was using at the time used a lot of fuel and... [Full Article...]

Musk's Return as Tesla Chairman Must Be Voted for by Shareholders

Musk's Return as Tesla Chairman Must Be Voted for by Shareholders Mr Murdoch is now chief executive of the United States media giant 21st Century Fox, but he will step down after the firm completes the sale of much of its business to Walt Disney . Earlier this year, Elon Musk created the idea of a Tesla-branded tequila, cleverly named Teslaquila, as part of an April Fools' Day joke. He also stepped down as chairman of Sky after its takeover by Comcast. [Full Article...]

In Facebook’s massive breach, the hackers’ friends were the first victims

In Facebook’s massive breach, the hackers’ friends were the first victims Rosen also said Facebook did not find any evidence suggesting the tokens were used with the Facebook Login feature either, which would have allowed the attacker to log into third-party apps via Facebook tokens. Previously, Facebook said the attackers gained the ability to "seize control" of those user accounts by stealing digital keys the company uses to keep users logged in. [Full Article...]

Hej Bengaluru! Gear Up Because IKEA Is Coming!

Hej Bengaluru! Gear Up Because IKEA Is Coming! Talking at the groundbreaking ceremony, Peter Betzel , CEO, IKEA India, said, " Bengaluru is a very special city for us as we have active participation from our total value chain - IKEA Foundation, IKEA suppliers, IKEA social entrepreneurs and now IKEA retail". [Full Article...]

Trump says he has 'a lot more to do' on China trade

Trump says he has 'a lot more to do' on China trade Communist officials have ordered companies to stop buying American soybeans - the biggest US export to China - and find alternative suppliers and export markets for other goods. "If that's the case then I think further downside risk can be expected in the fourth quarter", Wang said. "They want to negotiate, they want to negotiate badly, but I told them, 'You're not ready yet". [Full Article...]

Pakistan to begin bailout talks with International Monetary Fund

Pakistan to begin bailout talks with International Monetary Fund China's economy could also take a hit: The IMF revised its forecast for economic growth in 2019 down to 6.2 percent, slightly lower than previous estimates and down from 6.6 percent this year. Renaissance Capital considers Pakistan among the three vulnerable emerging markets alongside Turkey and Argentina and one investor told them the International Monetary Fund is looking for rupee at Rs147 to... [Full Article...]

Trump calls stock sell-off a correction, says Fed ‘crazy’

Trump calls stock sell-off a correction, says Fed ‘crazy’ Trump previously criticized the Fed for allowing too much money into the economy in several tweets from 2011, before he became the president. Three have PhDs in economics and three have law degrees. "We don't let other things distract us". Both the Dow and S&P are down more than 5 per cent over the past two days. Powell defended the Fed's plans to raise interest rates gradually in the coming... [Full Article...]

European Union says there has been ‘no breakthrough’ in Brexit talks

European Union says there has been ‘no breakthrough’ in Brexit talks Barnier said Brexit would trigger the need for customs, Value-Added Tax and compliance checks with EU standards between Ireland and Northern Ireland in the event that a planned "backstop" were triggered because a future EU-UK trade deal was not sufficient in itself to ensure the land frontier was not a "hard border". [Full Article...]

IMF, Pakistan to meet as Islamabad seeks bailout

IMF, Pakistan to meet as Islamabad seeks bailout Citing the impact of USA taxes on Chinese imports, however, the International Monetary Fund shaved the outlook for China next year to 6.2 percent, which would be the country's slowest growth since 1990. "Trade is very critical because that is what has lifted people out of extreme poverty". "I am a globalist". The Group of 24 (G-24), a chapter of the G-77, was established in 1971 to coordinate ... [Full Article...]

Markets Right Now: US stocks fall as banks see losses

Markets Right Now: US stocks fall as banks see losses The U.S. trade war with China has largely been brushed off by the markets, but the slide shows it may finally be taking a toll. The S&P 500 index sank 3.3 percent to 2,785.68. Some of the biggest losers were tech companies. But higher interest rates can slow economic growth and erode corporate profits. The 10-year U.S. Treasury note yield hit 3.214 percent, up from 3.208% a day earlier. [Full Article...]

'The Fed has gone crazy' with interest rate hikes

'The Fed has gone crazy' with interest rate hikes I think the Fed has gone insane", Trump told reporters shortly after markets closed, as he arrived in Erie, Pennsylvania for a rally. "The Fed has gone insane", he told reporters on Wednesday as he arrived in Pennsylvania for a campaign rally. [Full Article...]


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