Business

Oil futures launch by China becomes positive point for oil market

Oil futures launch by China becomes positive point for oil market As Ciara Lee reports, around 12 million barrels of Shanghai's most-active September contract changed hands in the first 55 minutes of trade - and the buyers weren't just Chinese. Lower crude prices have played a part as to why not earlier. The Shanghai contract traded higher than its London and NY counterparts shortly after debuting, at 432.2 yuan ($68.43) per barrel for September settlement... [Full Article...]

The Dangerous Question Coming to the Next Census

The Dangerous Question Coming to the Next Census The act protects minorities' voting rights. The U.S. Commerce Department, which runs the Census Bureau, announced on Monday that Commerce Secretary Wilbur Ross had made a decision to include the citizenship question after a Justice Department request based on a desire for better enforcement of the Voting Rights Act. [Full Article...]

Australia could boycott football World Cup

Australia could boycott football World Cup Iceland are in Group D alongside Nigeria, Argentina and Croatia in the upcoming football World Cup in Russian Federation. FIFA - which is now investigating Football Federation Australia over its governance structures - would expel and punish Australia should the Socceroos not attend. [Full Article...]

Waymo expands self-driving taxi plans with Jaguar Land Rover link-up

Waymo expands self-driving taxi plans with Jaguar Land Rover link-up Up to 20,000 I-Paces will be built in the first two years of production and will be available for riders of Waymo's driverless service. Jaguar CEO Ralf Speth said he'd already "ringfenced" the 20,000 models of the I-Pace for Waymo.The vehicle will go on sale to the general public in the USA towards the end of this year. [Full Article...]

Ram Navami rallies : CPI(M) criticises TMC, BJP

Ram Navami rallies : CPI(M) criticises TMC, BJP She was also due to meet ailing former Congress chief Sonia Gandhi , however, she could not meet her as she is still recovering from illness. Bengal CM Mamata Banerjee further said that the BJP is the most communal party in India at present. [Full Article...]

JD Sports buys American sportswear retailer Finish Line

JD Sports buys American sportswear retailer Finish Line A purchase of Finish Line , which operates concessions in Macy's department stores, would give JD a significant presence in the USA sports market after the United Kingdom company expanded into other European countries. He adds: " Finish Line has many similarities to JD with a strong bricks and mortar offering complemented by an advanced and well-invested digital platform". [Full Article...]

Grab To Buy South East Asia Uber Business

Grab To Buy South East Asia Uber Business He pointed that after investing USD 700 million in the region, Uber will hold a stake "worth several billion dollars, and strategic ownership in what we believe will be the victor in an important global region". Grab just arrived", said Krem Sokhom. The deal with Grab is similar to the one struck with Didi. But the most important point is about the margins on rides hailed across Southeast... [Full Article...]

Firearms company Remington files for Chapter 11 bankruptcy

Firearms company Remington files for Chapter 11 bankruptcy The company was cleared of wrongdoing in the shooting, but investors distanced themselves from the company's owner, investor Cerberus Capital Management . Since 2009, the number of guns in private hands in the United States has exceeded the country's population. That smaller base of what are sometimes referred to as super-owners has made the industry more unstable. [Full Article...]

China opens domestic crude futures market

China opens domestic crude futures market The launching took place at the Shanghai International Energy Exchange with the contract SC 1809 at the initial Price of 440 yuans per barrel (69.54 USA dollars). Absence of a paper market could limit liquidity, as these contracts are expected to be physically settled. Futures for September settlement opened at 440 yuan a barrel, up from a reference price of 416 yuan. [Full Article...]

Madison Bumgarner pitching hand broken after being hit by line drive

Madison Bumgarner pitching hand broken after being hit by line drive On Friday, Bumgarner was making his last appearance before starting on Opening Day for the Giants, when he was struck with a hard liner during the third inning. "This is awful news for us". Last season was the first time since he started 18 games in 2010 that he didn't have at least 31 starts for the season. [Full Article...]

Stocks suffer worst week in two years

Stocks suffer worst week in two years While the administration has not specified which goods will be taxed specifically, US Trade Representative Robert Lighthizer said the policy would apply to "appropriate products" to strike back at China's "policy of forced technology transfer" and cybercrime, Investor's Business Daily noted. [Full Article...]

Sensex falls over 400 points, Nifty slips below 10000

Sensex falls over 400 points, Nifty slips below 10000 The benchmark BSE Sensex tumbled 409.73 points or 1.24 percent to 32,596.54 while the broader Nifty index ended down 116.70 points or 1.15 percent at 9,998.05. "Market corrected 10 per cent from its peak while metal and PSU banks continue to be the laggards. Additionally, European and Asian bourses declined after the US Federal Reserve raised interest rates by 25 basis points, for the first ... [Full Article...]

American golfer Justin Thomas one matchplay win away from world No 1

Noren also had little trouble. If Smith was to beat Hatton on Saturday morning then he would face the victor of the Patrick Reed and Alex Noren match-up in the quarter-final on Saturday afternoon. After making eight birdies in the morning Round of 16 , Poulter didn't make a birdie against Kisner. Despite being the last match out, Kisner-Poulter was the second one to finish because it was a to... [Full Article...]

Historic Qantas flight lands at Heathrow

Historic Qantas flight lands at Heathrow The opening of the new airline is part of ambitious plans unveiled by Quantas over the past two years and aims to add long flights to its flight schedules around the world. To keep discomfort on such a long flight to a minimum, the airline said, the plane comes with features that improve air quality and lower cabin noise. [Full Article...]

Canadian retailers could be boosted by a USA trade battle with China

Canadian retailers could be boosted by a USA trade battle with China He warned that USA apple growers are going to "get hurt in a fight we didn't start and in which we have no interest". China's Foreign Ministry spokeswoman Hua Chunying reaffirmed the statement in a conference saying, "we firmly oppose the US' acts of unilateralism and trade protectionism". [Full Article...]

Toys "R" Us liquidation sales delayed

Toys Sankuer said the Florence location should have plenty of inventory for quite some time, but has no clue when the official closing date will be or what kind of products will be offered during the liquidation. "I used to take my kids there instead of Disneyland". He said a total Toys "R" Us liquidation could mean MGA would have to lay off workers at an OH plant that makes the Little Tikes toy vehicl... [Full Article...]

Craig Bellamy: Mohamed Salah Won't Leave In The Summer

Craig Bellamy: Mohamed Salah Won't Leave In The Summer In case you didn't know. . The fact that comparisons with Lionel Messi have emerged proves his form of late. Emre Can has insisted he has all the attributes to excel at a "very big club" as fears intensify around his Liverpool exit. Brazil-born Jorginho, 26, is in the Italy squad for the friendlies against Argentina in Manchester on Friday and England at Wembley next week. Yet German journ... [Full Article...]

Will a quarter point increase in US Fed rates impact India?

Will a quarter point increase in US Fed rates impact India? Newly-installed Fed Chairman Jerome Powell pointed to factors that have boosted the economic outlook in recent months, including "more stimulative" fiscal policy, in the wake of the massive tax cuts Congress passed in December . A higher yen makes Japanese exporters' goods more expensive in foreign markets and shrinks their repatriated profits. That's because credit cards have something calle... [Full Article...]

Air India's new Israel route set for take off

Air India's new Israel route set for take off He also added that using the Saudi airspace cuts travel time to India by about two hours, which in turn also reduces the airfares. "While IndiGo normally doesn't respond to rumors, in this particular instance, we would like to state that there are no ongoing discussions of this nature", the airline said in a statement on Wednesday. [Full Article...]

WhatsApp co-founder joins call to #DeleteFacebook

WhatsApp co-founder joins call to #DeleteFacebook Acton, whose product Whatsapp was bought by Facebook in 2014, on Wednesday morning put out a tweet saying, "It is time, #DeleteFacebook ". He also appears to have an interest in expensive sportscars, as the only Facebook groups he's a public member of are "Air Cooled Porsche 911 and 912" and two other vehicle groups. [Full Article...]


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