Finance

Elon Musk reportedly backed out of SEC deal at the last second

He holds the equivalent of a sell rating on the stock, with a price target of US$210, below the average price target of US$301 according to data compiled by Bl...


Israeli troops shoot dead Palestinian during Gaza protests

Already squeezed by the more than decade-long Israeli blockade, Gaza's economy has been further weakened by USA aid cuts and financial measures by Abbas's P...


U.S. 'dream' of halting Iran's oil exports won't come true: minister

Earlier, oil prices had surged on worries about global supply after USA sanctions on Iran's oil exports take effect Nov 4. Earlier on Monday, Oil prices rose ...


Tesla is building its own vehicle carriers

Customers in Los Angeles are receiving emails offering to deliver cars directly to their homes and offices for free. This Saturday and Sunday we are offering ...


Fed hikes key rate for third time this year

Interest rates in Canada are now three quarters of a percentage point lower than those in the U.S. Experts predict Bank of Canada governor Stephen Poloz will ra...


Ryanair cancel 190 flights in latest strike action

The canceled flights make up 8 percent of Ryanair's 2,400 flights planned for September 28. Ryanair released a statement telling those affected that it "sin...


Argentina's central bank chief resigns amid International Monetary Fund bailout talks

At the center of emerging market jitters in recent months, Argentina has seen its peso currency lose more than 50 percent of its value so far this year amid wor...


Govt Hikes Import Duty on AC, Fridge, Footwear & 17 Other Items

The ministry of finance in a statement said, "The Central government has taken tariff measures, by way of increase in the basic customs duty , to curb import o...


Canada NAFTA fight set to run past latest deadline

President Trump's trade czar signaled the US and Mexico are ready to leave Canada behind in the North American Free Trade Agreement-and move ahead with a new ve...


Federal Reserve poised to raise interest rates

Here's the full Fed statement : Information received since the Federal Open Market Committee met in August indicates that the labour market has continued ...


China Is Trying to Meddle in 2018 Elections

General Assembly in NY on Wednesday. US President Donald Trump participates in a United Nations Security Council briefing on counterproliferation at the...


Iran tankers turn off trackers as U.S

He said: " OPEC and OPEC nations are as usual, ripping off the rest of the world , and I don't like it, nobody should like it". United States officials, inclu...


Snap election not in UK's interest during Brexit talks - May

Labour leader Jeremy Corbyn said he would respect the result of the party vote. The UK government has laid bare how Europe-bound flights from the UK could b...


'We are standing up for America'

Speaking a year after he threatened to "totally destroy North Korea " if it endangered the USA or its allies and dubbed the country's leader Kim Jong Un " ...


Canada's PM sees possibility to build on U.S.-Mexico NAFTA deal

She declined to specifically discuss issues but signaled that Canada is continuing to press to preserve some form of anti-dumping and countervailing duty panels...


Lighthizer hints Mexico pact may need to be reopened if delayed — NAFTA

The flags of Canada, Mexico and the USA are seen on a lectern before a joint news conference on the closing of the seventh round of NAFTA talks in Mexico City, ...


Michael Kors just bought Versace for $2.1billion

Michael Kors , with roots in the United States but headquartered in London, has struck a deal to buy Versace for 1.83 billion euros ($2.1 billion), a statement ...


Ripple (XRP) Beats Ethereum (ETH); Sitting on 2nd in Cryptocurrency Market

If Ripple had followed through with its commitment, R3 would have been able to purchase XRP tokens worth $1.2 billion for only $42.5 million. XRP's stan...


Microsoft announces universal search, updates to Office 2019, Surface Hub and more

Office 2019 , which is compatible with the three most recent versions of macOS and Windows 10 only , reluctantly takes aim at users who "aren't ready for the c...


Barrick Gold agrees to buy rival Randgold in all-share deal

Randgold's shareholders will own 33.4 percent of the combined firm, with the rest controlled by Barrick's investors. While that effort was initially received ...


Needles found in strawberries at NZ supermarket

A scare has gripped neighboring Australia, where police are investigating more than 100 reports of needles found in fruit during recent weeks. West Auckland ...


Comcast beats Fox in US$40bn Sky takeover auction

Mo Hamza, senior analyst at Kagan, the TMT arm at S&P Global Market Intelligence said the deal was as much about distribution as content: "Sky represents a uniq...


OPEC Gives Tepid Response to Trump's Demand for Lower Oil Prices

OPEC isn't the only organization that believes there is only so much USA oil production can increase. Iran appeared on Sunday to soften its stance on potentia...


Instagram co-founders resign in latest Facebook executive exit

Camera IconStanford University graduates and founders of Instagram, Kevin Systrom and Mike Krieger.Picture: Supplied, Instagram. In a blog post written when F...


China slams USA 'intimidation' as new tariffs kick in

The Trump administration officially levied tariffs on $200 billion worth of Chinese imports Monday. The four-page section in Sunday's Des Moines Register ,...


Sleep in coffin for 30 hours, earn $300 in creepy contest

Louis is celebrating its 30th anniversary with a macabre contest, promising prizes to anyone who can spend 30 hours inside a coffin. A "deluxe, 2' x 7', slight...


Petrol price crosses Rs 90 per litre mark in Mumbai

However, Aurangabad notched the highest prices when diesel crossed the Rs 80 mark and retailed on Monday at Rs 80.53 per litre, followed by Amravati at Rs 79.90...


Porsche ditches diesel for good amid VW fallout

Porsche will introduce the Taycan , its first purely electric sports vehicle to the market in 2019. Diesel versions of cars like the brand's Cayenne and M...


China cancels trade talks with U.S. as new tariffs loom

Soon after the fresh duties went into effect, China accused the United States of engaging in "trade bullyism" and said it was intimidating other countries t...


Michael Kors to take control of Italy’s Versace

Versace , the Italian fashion house founded by Gianni Versace 40 years ago, has reportedly been sold to U.S. handbag and clothing brand Michael Kors for $2bn ...


OPEC, allies agree not to further increase oil production

A meeting of OPEC and its allies ended without any decision to further increase oil output despite President Donald Trump's call for lower prices. Last we...


Grungy, taped-up designer sneakers sell for $530

No matter, they have done the (literal) dirty work for you. One person called the shoes "another piece of fashion that looks like something I was made fun of ...


Comcast outbids Fox to buy Sky for £30.45bn

Philadelphia-based Comcast is one of the largest cable television providers in the US. Comcast's final offer values Sky at around 29.7 billion pounds (about $...


Iran to veto OPEC decisions harming its interests

The members of the Organization of the Petroleum Exporting Consortium ( OPEC ) as well as other major oil producing countries are going to meet on September 23 ...


Uber 'in talks to buy Deliveroo'

According to Bloomberg sources, the Uber talks could fall apart because Deliveroo and its investors have been reluctant to relinquish independence. Delive...