Business

DUP may vote down budget if PM crosses Brexit red lines

DUP may vote down budget if PM crosses Brexit red lines The radical move is one of the options being considered by the DUP if attempts to nail down a deal with Brussels include any proposals that would leave Northern Ireland being treated differently to the rest of the United Kingdom, the Press Association understands. [Full Article...]

Several top ministers anxious United Kingdom could stay in EU customs union indefinitely

Several top ministers anxious United Kingdom could stay in EU customs union indefinitely Can Theresa May risk calling Arlene Foster's bluff? Policing of the deal and agreeing rules on produce such as camembert cheese and Parma ham that is protected inside the European Union against imitations from elsewhere needed more polishing, he added. [Full Article...]

ChiXi Consultants - China Moves to Boost Liquidity amid US Trade War

ChiXi Consultants - China Moves to Boost Liquidity amid US Trade War Reflecting expectations of further yuan weakening, the one-year non-deliverable yuan futures in Hong Kong fell to around 7.015 against the dollar on Monday, the lowest level in 15 months. Mr. Pence's speech marked a sharpened USA approach toward China , going beyond the bitter trade war between the world's two biggest economies, which has magnified concerns about the outlook for China's economy... [Full Article...]

WWE 'Monitoring' Reported Saudi Involvement in Death of Journalist

WWE 'Monitoring' Reported Saudi Involvement in Death of Journalist Trump declined to say whom he talked with in the Saudi government. Turkish officials fear Khashoggi was killed by the Saudis after he walked into the consulate, though they haven't offered any evidence to support that. Decades of close U.S. -Saudi relations, which have only intensified under Trump, appeared in jeopardy by the suggestion of a carefully plotted murder of a government critic. [Full Article...]

Sudden jump in U.S. interest rates prompts Wall Street stock plunge

Sudden jump in U.S. interest rates prompts Wall Street stock plunge Alec Young, managing director of global markets research at FTSE Russell, said investors fear that rising interest rates and growing expenses are going to erode company profits next year. After a long stretch of relative calm, the stock market has suffered sharp losses over the last week as bond yields surged. Rising costs, as inflation and borrowing rates pick up, could also be a worry for stoc... [Full Article...]

Trump briefed on stock market sell-off

Technology stocks dropped 3 percent, with Netflix , Amazon and Google parent Alphabet leading the way. The Dow, the S&P and the Nasdaq all hit record levels between August 30 and October 3, even as the U.S. Although the losses were widespread, stocks that have been the biggest winners on the market, including technology companies and retailers, suffered steep declines. [Full Article...]

Fiancee seeks Trumps' help over Khashoggi disappearance

Fiancee seeks Trumps' help over Khashoggi disappearance Riyadh and Ankara have also differed on the subject of the Muslim Brotherhood in Egypt and on the Israeli-Palestinian conflict, where Saudi Arabia has unofficially backed the so-called U.S. The country has indicated it would allow Turkish authorities to carry out a search of the consulate. Saudi Arabia was last night facing mounting global pressure to come clean over the disappearance of e... [Full Article...]

Facebook message about your account being cloned is a hoax

Facebook message about your account being cloned is a hoax Still, what's unusual is that people are (perhaps absentmindedly) sharing a message that includes the words "I actually got another friend request from you", even when they received no such fraudulent friend request. That turned into timelines filled with "I got hacked" posts. Some users who forwarded the message took to social media, saying their accounts have been hacked. [Full Article...]

Oil ends week higher ahead of Iran sactions

Oil ends week higher ahead of Iran sactions While the Trump administration previously indicated an intent to bring Iranian crude exports "down to zero", a US official confirmed this weekend that the White House is "in the midst of an internal process" that could result in issuing so-called Significant Reduction Exemptions "on a case-by-case basis". [Full Article...]

In the U.S., recorded a minimum level of unemployment for 50 years

This probably won't be the month to learn that lesson, however. As per the data, the unemployment rate fell to 3.7% in September from 3.9% in August. "No-one at the Fed thinks unemployment near three percent is sustainable", Ian Shepherdson of Pantheon Macroeconomics said in a client note. [Full Article...]

Mattress Firm declares bankruptcy, but the Fairview store will stay open

Mattress Firm declares bankruptcy, but the Fairview store will stay open Mattress Firm , Inc., the nation's largest mattress retailer, is filing for bankruptcy protection and plans to close up to 700 stores around the country. ME locations of Mattress Firm stores were not among the 209 listed for immediate closure in documents sent to the BDN by Mattress Firm representative Erica Martinez of marketing firm Jackson Spaulding. [Full Article...]

Oil Price Continues Rise As Brent Crude Hits $86 Per Barrel

Oil Price Continues Rise As Brent Crude Hits $86 Per Barrel In futures trading at Multi Commodity Exchange, crude oil for delivery in November was trading Rs 8, or 0.14 per cent lower, at Rs 5,648 per barrel in 2,341 lots. Only the strength of the dollar against other currencies is masking how high prices have become in oil-consuming countries outside the United States. [Full Article...]

September shrug: Only 134K jobs added, but 49-year-low unemployment rate

September shrug: Only 134K jobs added, but 49-year-low unemployment rate If the rate keeps dropping, it will heighten two concerns: Has the economy soaked up almost all the people who want or are able to work? According to the monthly jobs report from the Bureau of Labour Statistics released Friday, the unemployment rate in September fell to 3.7%, its lowest level since December 1969, when Richard Nixon was president. [Full Article...]

May appeals for party unity at 'toughest phase' of Brexit

May appeals for party unity at 'toughest phase' of Brexit One leave-backing cabinet minister told the Guardian that May was a "vehicle for Brexit ", and she was likely to step down shortly afterwards; another suggested the optimal time to replace her would be in 2021, a year before the next general election is due. [Full Article...]

SEC, or Shortseller? Elon Musk appears to mock agency following $40m settlement

SEC, or Shortseller? Elon Musk appears to mock agency following $40m settlement As part of Musk's settlement with the SEC , Tesla is supposed to monitor its CEO's Twitter posts , but only those that have to do with company news. Greenlight is having a hard year, with its main fund down 25.7 percent through September, but said its Tesla short position was its second biggest victor in the third quarter. [Full Article...]

Toyota recalls 55,000 hybrids in United Kingdom over 'stalling' fault

Toyota recalls 55,000 hybrids in United Kingdom over 'stalling' fault See the chart below. "The involved vehicles were created to enter a failsafe driving mode in response to certain hybrid system faults", Toyota said. In November 2017, Toyota recalled the 2012-2015 Prius Plug-in for fuses that could similarly shut down the entire auto while driving. Should this occur, the auto could lose power and stall, although functions such as the power steering, brakes a... [Full Article...]

Petrol down by Rs 4.37/litre, Maharashtra to cut diesel rates: CM

Petrol down by Rs 4.37/litre, Maharashtra to cut diesel rates: CM After the minister's announcement, may states including Jharkhand, Gujarat and Chhattisgarh too announced a reduction in fuel prices. The Nifty Energy Index fell 6.14 percent. Mr Jaitley said that since states taxes on petrol and diesel was on ad valorem basis, they will only have to forego additional revenue which came after oil prices had started rising. [Full Article...]

Canada, US secure revised NAFTA deal in last minute effort

Canada, US secure revised NAFTA deal in last minute effort He covers US politics and current affairs. "The effect of it was, you got this uncertainty in the market between buyers and sellers where they don't know what the price of the product is going to be", he said. But Trump and other critics said it encouraged manufacturers to move south of the border to take advantage of low-wage Mexican wages, costing American jobs. [Full Article...]

Maharashtra, Gujarat cut fuel prices by Rs 2.50; Kerala, Karnataka refuse

Maharashtra, Gujarat cut fuel prices by Rs 2.50; Kerala, Karnataka refuse Finance Minister Arun Jaitley in a press conference announced a cut in excise duty on fuel prices by Rs 2.50. The Gujarat Chief Minister tweeted that it has matched the central government's reduction, and that petrol and diesel are now cheaper by Rs 5 per litre. [Full Article...]

Donald Trumps heralds 'new dawn' with trade deal

Donald Trumps heralds 'new dawn' with trade deal Wisconsin's Grassland Dairy blamed the policy for lost sales which the processor said forced it to cut milk contracts for dozens of state farmers last spring. But he now accepts that it simply sorts the markets in order of size. "We celebrate a trilateral deal". No", Hill said. "We have to remember that OH is the single largest importer of goods that are targeted by Canada's retaliatory [tariffs... [Full Article...]


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