Markets

Enbridge Pipeline explosion forces First Nations community to flee

Enbridge Pipeline explosion forces First Nations community to flee

FortisBC ships as much as 85 percent of the natural gas it supplies to customers via the twin Enbridge line where the incident occurred. Partners involved in the emergency response efforts include E...

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US Treasury secretary remains concerned about weak China currency

US Treasury secretary remains concerned about weak China currency

He has imposed tariffs on an estimated half of all Chinese goods imported to the United States, worth some 250 million dollars. Mnuchin met on Thursday with Yi Gang, head of China's central bank. He...

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

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

In the announcement, Jaitley has also asked state governments to announce a matching reduction in duties and taxes levied by the state, which could see the prices decrease even further. Brent oil on W...

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Amazon hikes pay for U.S. and United Kingdom workers following criticism

Amazon hikes pay for U.S. and United Kingdom workers following criticism

Amazon will pay all of its US employees a minimum of $15 an hour, more than double the federal minimum wage of $7.25. Amazon workers in the United Kingdom are now paid £8 an hour, while the curren...

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Tesla shares jump on Model 3 numbers, Musk deal

Tesla shares jump on Model 3 numbers, Musk deal

Tesla Inc. shares rebounded from last week's USA lawsuit over Elon Musk's take-private tweets, as a settlement ensured the billionaire will keep calling the shots at the carmaker he's said is on...

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Decision day dawns as intensive NAFTA effort nears U.S.-imposed deadline

Decision day dawns as intensive NAFTA effort nears U.S.-imposed deadline

A USTR spokesman declined comment on the timing. "I told him that we will keep insisting on having a trilateral agreement and we hope there will be an agreement between the USA and Canada", Lopez Ob...

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SEC Seeks to Ban Musk From Running Public Company

SEC Seeks to Ban Musk From Running Public Company

The prospect of having the fraud charges and Musk's potential departure hanging over Tesla led to an immediate 12 percent drop in the company's share prices today. Tesla's board backed Musk, saying...

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30 passengers fall sick on India flight due to pressure problem

30 passengers fall sick on India flight due to pressure problem

A Jaipur-bound Jet Airways flight was turned back to Mumbai on Thursday after several passengers suffered ear pain and nose-bleeds, during take-off because of loss in cabin air pressure. People on...

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Merger of BoB, Vijaya, Dena Bank to improve efficiency, governance: Moody’s

Merger of BoB, Vijaya, Dena Bank to improve efficiency, governance: Moody’s

As a result, bank credit lending was becoming weaker and private sector investment was being affected. Jaitley also clarified that no employee will face any service conditions which are adverse in n...

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United States and Mexico reach a preliminary trade deal

United States and Mexico reach a preliminary trade deal

The third NAFTA partner, Canada , has not been at the negotiating table for many weeks. The Trump administration said the deal improves labour provisions. Despite the administration's triumph...

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As Musk admits to job stress, Tesla’s board may have to act

As Musk admits to job stress, Tesla’s board may have to act

In the hour-long interview , where Musk choked up multiple times , he said: "This past year has been the most hard and painful year of my career". In the interview, he calls the past year "excruci...

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US Threatens Turkey With More Sanctions if Pastor Isn't Freed

US Threatens Turkey With More Sanctions if Pastor Isn't Freed

The US doubled tariffs last week over Turkey's refusal to free a US pastor who is imprisoned there . Qatar said it would provide "a host of economic projects, investments and deposits" worth $15...

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German, Turkish ministers to meet before Erdogan-Merkel talks

German, Turkish ministers to meet before Erdogan-Merkel talks

Ozgur Unluhisarcikli, director of the German Marshall Fund's Ankara office, noted that Turkey buys just 0.5 per cent of all US exports and most of that is civilian aircraft and weapons. Qatar has...

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Musk says Silver Lake, Goldman advising on taking Tesla private

Musk says Silver Lake, Goldman advising on taking Tesla private

He later tweeted he was working with buyout firm Silver Lake and investment bank Goldman Sachs Group Inc as financial advisers on his plan. But Musk said he was also talking to other investors becau...

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New Plan to Rescue Turkey's Deteriorating Economy

New Plan to Rescue Turkey's Deteriorating Economy

Relations between the United States and Turkey had plunged to their lowest in decades following unprecedented sanctions declared by the United States on Turkey over US pastor Andrew Brunson, who f...

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Doubts grow over Elon Musk’s master plan to take Tesla private

Doubts grow over Elon Musk’s master plan to take Tesla private

At a price of $420 per share, the buyout would value Tesla's equity at about $71 billion. "I suspect the corporate lawyers are scrambling right now and hoping the SEC doesn't go after him and the co...

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China Plans Tariffs on $60 Billion of U.S. Goods

China Plans Tariffs on $60 Billion of U.S. Goods

Duties ranging from 5 per cent to 25 per cent will be levied on 5,207 kinds of American imports if the usa delivers its proposed taxes on another US$200 billion of Chinese goods, the Ministry of Fin...

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Alphabet Stock Skyrockets on Stellar Earnings Despite $5 Billion E.U. Fine

Alphabet Stock Skyrockets on Stellar Earnings Despite $5 Billion E.U. Fine

Google has continued to give search ads more prominent space on mobile phones, helping to fuel the brisk sales growth. "I'm confident that we can find a way to make sure that Android is available at...

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Trump To Give $12 Billion In Farm Aid To Offset Tariffs

Trump To Give $12 Billion In Farm Aid To Offset Tariffs

The rhetoric came as the president has engaged in hard-line trade negotiations with China , Canada and European nations, seeking to revise trade deals he says have undermined the nation's manufacturi...

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Dollar drops on Trump criticism; U.S., Europe stocks tepid

Dollar drops on Trump criticism; U.S., Europe stocks tepid

The Fed has been raising rates since 2015 and has already hiked them five times since Trump took office in January 2017. China accused American officials of making false accusations Thursday as it f...

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China says 'fully prepared' if trade war kicks off this week

China says 'fully prepared' if trade war kicks off this week

President Donald Trump's first tariffs are scheduled to hit $34 billion of Chinese imports on Friday, and Beijing plans to swiftly respond with levies on an equal amount of goods. Ningbo Top East ...

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European Union warns Trump that raised auto import tariffs would hurt US

European Union warns Trump that raised auto import tariffs would hurt US

The European Union is reportedly preparing to slap tariffs on up to $300 billion of USA products, if the White House goes ahead with its threatened tariffs on auto imports from the EU. jobs. In all fa...

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Disney Plans To Counter Comcast’s Offer For Fox With Cash

Disney Plans To Counter Comcast’s Offer For Fox With Cash

The announcement comes as Comcast had made it clear that it would like the Fox assets to expand globally and add to its content library - the same aims as Disney . Disney , meanwhile, could also bene...

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US Fed raises interest rates, expects 2 more hikes this year

US Fed raises interest rates, expects 2 more hikes this year

Fed officials expect to raise interest rates at least once more in 2018 and had been split on a possible fourth hike in their last meeting. - Fed funds price in an 81% chance of a 25-bps rate hik...

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Comcast Attempts to Outbid Disney For Fox

Comcast Attempts to Outbid Disney For Fox

Craig Moffett, an analyst with MoffettNathanson, said Judge Leon's opinion will be seen as a green light for Comcast to bid for Rupert Murdoch's Fox, but tipped Disney as the potential victor in a...

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How Donald Trump’s trade war will affect the United Kingdom economy

How Donald Trump’s trade war will affect the United Kingdom economy

The BBC says he has "justified the tariffs by arguing that U.S. steel and aluminium producers are vital to national security and threatened by a global supply glut". The list of US exports that ...

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How To Celebrate National Donut Day

How To Celebrate National Donut Day

National Donut Day was started in 1938 by the Salvation Army in Chicago. Anyone can celebrate the holiday with a free snack, but Rollover Doughnuts is offering a stylish T-shirt for true desser...

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Trump to remove tariff exemption from EU, Canada, Mexico

Trump to remove tariff exemption from EU, Canada, Mexico

The EU had demanded a permanent exemption from the tariffs following a temporary one being granted in April, but the plea has been rejected by US Commerce Secretary Wilbur Ross . amid reports the com...

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Ocado and Kroger in retail technology deal

Ocado and Kroger in retail technology deal

Ocado has signed a partnership with United States grocer Kroger , which will adopt the Hatfield-headquartered company's smart platform to support food distribution activities. Kroger , which is incr...

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The US Senate just voted to save net neutrality

The US Senate just voted to save net neutrality

The measure will now go to the House, where it faces a tough road and the necessity of getting 25 Republicans to join all Congressional Democrats in voting for the bill. FCC Chairman Ajit Pai , part ...

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Uber will end arbitration for victims of sexual violence in ride

Uber will end arbitration for victims of sexual violence in ride

New CEO Dara Khosrowshahi has said he is committed to changing the company's culture to have a new emphasis on accountability and earning trust. Uber will no longer require individual passenge...

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Why Gap Is Apologizing to Customers This Time

Why Gap Is Apologizing to Customers This Time

The company said the product has been pulled from the Chinese market and destroyed. According to social media site Weibo , the map printed on the Gap T-shirt, which is now being sold in Canada , d...

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Sensex Jumps Over 150 Points, Nifty Touches 10750, ICICI Bank Surges 7%

Sensex Jumps Over 150 Points, Nifty Touches 10750, ICICI Bank Surges 7%

Major index gainers were GAIL, Mahindra & Mahindra, ICICI Bank , Axis bank , Hindalco, Tata Steel and Zeel. Sectorally, banks, realty, finance and oil and gas gained the most, with the BSE Banke...

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Comcast Considering Hostile Offer for 21st Century Fox Assets

Comcast Considering Hostile Offer for 21st Century Fox Assets

In December previous year, Walt Disney signed an agreement to buy the film, television and worldwide businesses of Rupert Murdoch's Twenty-First Century Fox in an all-stock deal worth $52.4 billio...

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China's Xiaomi submits HK filing, with big IPO expected

China's Xiaomi submits HK filing, with big IPO expected

Chinese technology company Xiaomi's IPO application has shed light on the company's finances, showing a rebound from declining sales two years ago to current worldwide growth. Under the new rules, f...

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