Money

Money Turkey has audio of Saudi writer's killing, reports say
Author: 0 Turkey has audio of Saudi writer's killing, reports say

With the mystery over Khashoggi unresolved after he failed to reappear after walking into the consulate on October 2, a pro-government Turkish daily said the Saudi national had recorded his own interrogation inside the mission on an Apple Watch.

Money IEA says world oil market 'adequately supplied for now'
Author: 0 IEA says world oil market 'adequately supplied for now'

Brent crude futures edged up 13 cents to $80.39 a barrel by 0042 GMT. "The long oil trade is way too overcrowded and these markets tend to overshoot their supply demand dynamics", said Phil Streible, senior market strategist at RJ O'Brien Associates.

Money Vehicle industry slams government decision to cut hybrid auto subsidies
Author: 0 Vehicle industry slams government decision to cut hybrid auto subsidies

And eight out of 10 (83%) say that the high purchase price of electric and hybrid cars is the main stumbling block to owning such a auto. The announcement comes two weeks before chancellor Philip Hammond is due to make his annual Budget statement and three months after the government published its Road to Zero strategy , with a proposal to remove petrol and diesel cars from United Kingdom roads by 2050, a move that could force all motorists to own electric models.

Money Chinese tech stocks are getting slammed
Author: 0 Chinese tech stocks are getting slammed

Shenzhen Component Index opened at 7,753.03, down 3.22%. "We haven't really seen such a big downturn in USA stocks for quite some time". The benchmark Hong Kong equity gauge has tumbled 16% this year as fears of a trade war between the U.S.

Money Woman's emotional support squirrel kicked off flight
Author: 0 Woman's emotional support squirrel kicked off flight

Jokes aside about flying squirrels , nuts served on planes and bushy-tailed passengers, squirrels and planes do not actually mix. Hartsfield said she first encountered the woman and squirrel when checking in for their flight . "Some people drink. So there is a legitimate need in some cases for people to have support animals.", another person said. It mentions that each passenger is allowed only one support animal, on the condition that it be a cat or a dog and it be kept on a leash or in a ...

Money BMW to pay $4.1bn to raise stake in China vehicle venture
Author: 0 BMW to pay $4.1bn to raise stake in China vehicle venture

BMW will pay 3.6 billion euros ($4.2 billion) to raise its stake in the joint venture to 75 percent from the current 50 percent, the carmaker said in a statement . The deal will close in 2022 when rules capping foreign ownership are lifted. The policy is expected to increase the number of electrically powered vehicles in the world's largest auto market in coming years.

Money Fly Changi to NY with Singapore Airlines
Author: 0 Fly Changi to NY with Singapore Airlines

Thursday's flight will top the current longest direct air link between cities - Qatar Airways Flight 921 from Auckland to Doha, which takes 17 hours 40 minutes. It said there was demand for non-stop services which help cut traveling times compared with flights that have a stopover. In other words, the airline is hoping to lure not just business travelers, but leisure ones including seniors and millennials looking to reach Singapore and secondary destinations faster.

Money Kentucky Lottery giving away free Mega Millions tickets in Lexington
Author: 0 Kentucky Lottery giving away free Mega Millions tickets in Lexington

The chance of matching all six numbers and winning the jackpot is one in 302.5 million. The lottery says it will give away 250 tickets for the $548 million drawing at the Kroger located at 3101 Richmond Road beginning at 1:30 p.m. This weekend's Mega Millions tickets will be available for $2 per ticket and can be purchased until 10:45 tonight in MA. The next drawing is Tuesday night with the jackpot expected to be around $654 million.

Money Oil extends losses as other markets fall, stockpiles climb
Author: 0 Oil extends losses as other markets fall, stockpiles climb

US crude futures settled up less than 1 percent at $74.96 per barrel, reflecting the declining importance of the Gulf of Mexico in output because of the growth of production from the nation's onshore shale fields. Oil prices slumped to two-week lows on Thursday as global stock markets fell, with investor sentiment made more bearish by an industry report showing USA crude inventories rising more than expected.

Money Oil Prices Rise as Iranian Crude Exports Fall
Author: 0 Oil Prices Rise as Iranian Crude Exports Fall

U.S. Gulf of Mexico producers have cut oil output by 32 percent and natural gas production by 13 percent as a result of the lingering effects of Hurricane Michael, the Bureau of Safety and Environmental Enforcement (BSEE) said on Friday, citing reports from 27 companies.

Money Singapore Airlines Announces World's Longest Non-Stop Flight
Author: 0 Singapore Airlines Announces World's Longest Non-Stop Flight

Long flights can be a drag when you're cooped up in cattle class, so perhaps it's a blessing in disguise that the soon-to-be record-holder for world's longest flight route has forgone economy cabins altogether. Singapore Airlines had abandoned the marathon Newark and Los Angeles routes in 2013 when high fuel prices made the use of four-engine Airbus A340-500 jets uneconomic.

Money Boston Dynamics' Atlas robot now performs parkour
Author: 0 Boston Dynamics' Atlas robot now performs parkour

The robot uses energy from its entire body - limbs and torso - to enact its movements and employs " computer vision " to orient itself in space. Despite Boston Dynamics being sold by Google's parent company Alphabet to Japanese company SoftBank for an undisclosed sum in 2017, there has been no indication as to what direction the robot's development is heading.

Money Musk's Return as Tesla Chairman Must Be Voted for by Shareholders
Author: 0 Musk's Return as Tesla Chairman Must Be Voted for by Shareholders

Neither company immediately responded to Deadline's request for comment. Tesla has until November 13 to appoint an independent chairman of the board, part of settlements reached last month between Tesla, Musk and US regulators in the wake of Musk tweeting in August that he had secured funding to take the company private.

Money Facebook hackers accessed more private information than previously revealed
Author: 0 Facebook hackers accessed more private information than previously revealed

The attackers who carried out the mass hack that Facebook disclosed two weeks ago obtained user account data belonging to as many as 30 million users, the social network said on Friday. What's 400,000 Facebook access tokens between friends? The vulnerability the hackers exploited existed from July 2017 through late last month, when Facebook noticed an unusual increase in use of its "view as" feature.

Money Trump calls stock sell-off a correction, says Fed ‘crazy’
Author: 0 Trump calls stock sell-off a correction, says Fed ‘crazy’

Hassett pointed to the six nominees Trump has made so far to serve on the Fed's board of governors, all of whom have spent extensive time in finance, banking or academia. "But I really disagree with what the Fed is doing". The Fed's main interest rate, the federal funds rate, now stands between 2 and 2.25 per cent. For example, experts say that the roots of the 2008 financial crisis date back to 2000, when the federal agency began slashing interest rates.

Money UK tax bill triples to just under £16m: Facebook
Author: 0 UK tax bill triples to just under £16m: Facebook

The bill compared with 5.1 million pounds in 2016, Facebook's British division revealed in an official document lodged last week. However, the company's profits only climbed by £4m year-on-year from £58.4m to £62.7m in 2017. A Government spokesman said: "The UK has led the way internationally to ensure companies change their behaviour and pay the right amount of tax". Facebook - like other US-based global companies - point out that taxes paid are within the legal frameworks of the ...

Money China's September export growth tops forecasts, surplus with USA record high
Author: 0 China's September export growth tops forecasts, surplus with USA record high

China's exports to the U.S. rose to $46.7 billion while imports slumped to $12.6 billion. But the robust numbers reported on Friday by China's customs agency - the last ones from China before U.S. He said although the Chinese want to negotiate, he does not believe they are ready. Exports to the United States rose to $46.7 billion, down from August's 13.4 percent growth, customs data showed Friday.

Money China's trade surplus with the United States hit record highs in September
Author: 0 China's trade surplus with the United States hit record highs in September

Economists warn that a protracted dispute will eventually stunt growth not just in the USA and China but across the broader global economy. This came despite the Trump administration slapping tariffs on $200 billion worth of Chinese goods in the middle of the month, which prompted Beijing to retaliate with tariffs on $60 billion worth of American goods.

Money IMF Downgrades Global Economy
Author: 0 IMF Downgrades Global Economy

The IMF forecasts US GDP growth this year of 2.9 percent, slowing to 2.5 percent in 2019 - which is 0.2 points slower than the July estimate - and to 1.8 percent in 2020. Over the medium term, growth is expected to gradually slow to 5.6 per cent as the economy continues to make the transition to a more sustainable growth path with continued financial de-risking and environmental controls, it noted.

Money Brexit deal next week 'within reach': Barnier
Author: 0 Brexit deal next week 'within reach': Barnier

The unionist leader said she feared that the European Union was forcing Northern Ireland into a deal that amounted to "the worst of one world" in which the region would remain part of the single market and remain under the ECJ, and would remain subject to trade restrictions with the rest of the UK.

Money Global stocks tumble after Trump's 'crazy' Federal Reserve comment
Author: 0 Global stocks tumble after Trump's 'crazy' Federal Reserve comment

Trump has levied or threatened tariffs on goods from economies around the world, notably China, but also on traditional allies such as the European Union. And I have a lot more to do if I want to do it and I don't want to do, but they have to come to the table. In a brief interaction with reporters and later in comments to Fox News, Trump said the United States central bank was "too aggressive" in raising interest rates.

Money Pakistan Seeks Largest Loan Package From IMF
Author: 0 Pakistan Seeks Largest Loan Package From IMF

Geopolitical strains can already been seen in both developing and developed economies. Speaking at a press conference on Fiscal Monitor on the sidelines of the ongoing IMF/World Bank Annual meetings in Bali, Indonesia, yesterday, Mauro identified a certain aspect of tax policy that would help.

Money Nikkei plunges by over 1000 points in afternoon trading
Author: 0 Nikkei plunges by over 1000 points in afternoon trading

In midday trade, Wall Street remained lower as risk-appetite showed no signs of picking up. Investors dumped big-name technology and consumer stocks like Facebook (-4.1pc), Apple (-4.6pc), Amazon (-6.1pc), and Netflix (-8.4pc). USA crude fell 1.98 per cent to $71.72 per barrel and Brent was last at $81.30, down 2.15 per cent on the day. "Two weeks ago this kind of news would not have affected the market", he said.

Author: 0 Trump takes aim at 'crazy' Fed as markets sink following U.S. slump

They're so tight. I think the Fed has gone insane", Mr. Trump told reporters after landing in Erie, Pa., for a political rally. "Actually, it's a correction that we've been waiting for for a long time". The biggest driver for the market over the last week has been interest rates, which began spurting higher following several encouraging reports on the economy.

Money Dow plunges more than 800 points as tech stocks take beating
Author: 0 Dow plunges more than 800 points as tech stocks take beating

Microsoft gave up 3.3 per cent. "As stocks go up, tech goes up more than the stock market ", said Gina Martin Adams, chief equity strategist for Bloomberg Intelligence. Brent crude, the worldwide standard, lost 2.2 per cent to $83.09 a barrel in London. The S&P 500 fell 54 points, or 1.9 percent, to 2,825. The FAANGs, spread over three sectors, were down between 1.4 percent and 5.4 percent.

Money After Stock Market Drop, President Trump Says Federal Reserve ‘Has Gone Crazy’
Author: 0 After Stock Market Drop, President Trump Says Federal Reserve ‘Has Gone Crazy’

Taiwan plunged almost 6%, with Seoul down 3% and Sydney and Singapore both falling 2% after US Donald Trump said the Federal Reserve had "gone crazy" with plans for higher interest rates. The Dow Jones Industrial Average has plunged more than 800 points, its worst drop in eight months , led by sharp declines in technology stocks. She said in addition to rising interest rates, investors also fear that company profit margins will be squeezed by rising costs, including the price of oil.

Money Pakistan’s currency plunges as it seeks International Monetary Fund loan
Author: 0 Pakistan’s currency plunges as it seeks International Monetary Fund loan

It had previously predicted jobless rates of 5.5% and 5.2% respectively. However, since December 2017, dollar has gone up to Rs138. Slow growth continues to take toll on jobs market. But the International Monetary Fund is likely to demand painful structural reforms that would clash with the political agenda of new Prime Minister Imran Khan , who on the campaign trail vowed to build an Islamic welfare state.

Author: 0 The Dow tumbles more than 400 points

In technology, Microsoft dropped 3.1 per cent to US$108.76 Wednesday and Nvidia lost 4.7 per cent to US$253.13. Tom Cahill of Ventura Wealth Management said investors were also unnerved by remarks from luxury company LVMH of a crackdown on some goods in China amid the country's bitter dispute with the United States.