Finance

International Monetary Fund to seek 'absolute transparency' of Pakistan's debts in bailout talks

They show that a burst of strong growth, fueled partly by United States tax cuts and rising demand for imports, was starting to wane. "Notwithstanding the pre...


International Monetary Fund downgrades outlook for U.S., China as result of trade war

IMF's forecast for Singapore's economic outlook remains steady at 2.9% for 2018, but has been revised downward by 0.2 percentage points to 2.5% for the followin...


Brexit: No deal brings risk of stockpiling says watchdog

Britain's Prime Minister Theresa May attends a roundtable meeting with business leaders in London, Britain, October 11, 2018. Many of her cabinet colleagues h...


Oil extends losses as markets fall, inventories climb

Supply worries also eased as Hurricane Michael likely spared oil assets from significant damage as it smashed into Florida, even as it caused at least one death...


Trump calls stock sell-off a correction, says Fed ‘crazy’

One reason why the Fed has been raising interest rates even with little sign of an inflation breakout is because the unemployment rate, which fell to 3.7 percen...


Ikea posts €39bn profit with boost from city stores, online sales

IKEA, which makes most of its sales in Europe, opened its first store in India this year and announced plans to enter Latin America, starting with Chile in 2020...


James Murdoch tipped to lead Tesla board

Reporting from the Financial Times , citing two people briefed on the discussions, places Murdoch ahead of Antonio Gracias, a long-time investor in the company...


Losses on Wall Street Rip Through Asian Financial Markets

Markets in Hong Kong, South Korea, Australia and Southeast Asia recorded similar declines. Investors are wary of possible further USA interest rate hikes, whi...


Graphic: Rising US bond yields bring back Wall Street's sinking feeling

What will fall hardest? Rising bond yields have been drawing investors out of the stock market, and the best-performing stocks over the past year took some of...


Patisserie Valerie owner suspends shares amid fraud probe

Patisserie Holdings issued the bleak update a day after it revealed that it had learned of "potentially fraudulent accounting irregularities" resulting in the m...


Global stocks tumble after Trump 'crazy' Fed comment

I think the Fed has gone insane". A stock market correction is defined as a decline of at least 10 percent from the high point of the past 52 weeks, suggesting ...


Three killed as strong quake rocks Indonesia's Java, Bali

A woman named Davey, who took refuge in the parking lot of a Bali hotel, said: "Wow, that was really strong and it lasted a long time". Some guests at the hot...


Trump and China headed for a double-barrelled war

Trump has frequently criticised China for his belief that Beijing is artificially weakening its currency to make Chinese exports more competitive, something he...


Trump and China headed for a double-barrelled war

Trump has frequently criticised China for his belief that Beijing is artificially weakening its currency to make Chinese exports more competitive, something he...


Google challenges record $5 billion European Union antitrust fine

Google provides Android free to smartphone manufacturers and generates most of its revenue from selling advertisements that appear along with search results. Re...


Tech stocks lead Wall Street slump as investors shun risk

In the US the losses were even steeper.The Dow Jones Industrial Average was off by 818 points when markets closed, or more than three per cent. Sanders high...


Trump says Federal Reserve ‘has gone crazy’ after big stock drop

The Fed is doing what it thinks is necessary, but I don't like what they're doing because we have inflation really checked and we have a lot of good things happ...


United States stock indexes keep falling as rates resume their climb

Bangsund said the indiscriminate selling indicates that many nervous investors were unwinding positions despite strong earnings expectations. Compared to the ...


I don't like Fed raising interest rates so quickly, says Trump

According to Donald Trump, before departing for another campaign event in Iowa: "well, I like to see low interest rates". "So you can say that well that's a lot...


Dow Jones plunges 800 points as tech stocks tumble

Boeing lost 4 percent to $370.04 and Alphabet, Google's parent company, gave up 3.2 percent to $1,109.08. At 2:40pm local time, the Dow was down 510.76 point...


Pakistan says it will seek International Monetary Fund bailout as reserves dwindle

Overall for the global economy, the IMF cut the growth projections made in July for this year and the next by 0.2 per cent to 3.7 per cent, as IMF Chief Economi...


Google Chromecast Gets an Upgrade, Google Home Support

Also , Google has added wireless charging this time around. For one, the Pixel Slate Keyboard costs $199 compared to the $129 starting price of the Type C...


Sears hires advisers for bankruptcy filing

The committee is concerned it will be opening the company up to litigation, one source said . But if Sears is now in touch with banks to secure the financing n...


Iran refutes Saudi claim that can meet post-sanctions oil demand

The first piece of bearish news weighing on prices today is the report that a USA government official said on Friday that the country could consider exemptions ...


Nigeria's growth not enough to create jobs, says International Monetary Fund

It kept the 7.3 per cent growth projection for this year made in July. It predicted 2.9 percent US growth this year, dropping to 2.5 percent next year, and to...


Will release of $109bn reserve boost China’s flagging economy?

On Sunday, the People's Bank of China (PBOC ) announced a 100-basis-point cut to banks' reserve requirement ratio (RRR), stepping up efforts to support the e...


Oil prices rise as Iranian crude exports fall

File image of Dharmendra Pradhan . Trump administration officials told the Free Beacon in June they are "not granting waivers" to some countries importing ...


Rupee slumps to close at record low against UAE dirham

Sharma, head, private client group and capital market strategy at HDFC Securities. "The RBI's response to these unsettled conditions has been to ensure that...


Huawei Mate 20X: gaming smartphone with a HUGE 7.21-inch LCD

The Mate 20 Pro has now been spotted on a benchmarking website, and unsurprisingly, the numbers hint at a powerhouse of a device. The Google Pixel 3 and Pix...


Saudi Arabia unable to replace lost Iranian oil - Iran’s oil minister

US Secretary of State Mike Pompeo said in India last month that the Trump administration would consider waivers for Iranian oil buyers such as India but they ...


Ford names Omnicom's BBDO as lead creative agency in blow to WPP

Additionally, Ford has added Wieden + Kennedy of Portland, Ore., as a creative partner for specific projects, including a new ad campaign that will launch in th...


Amazon raises the minimum wage for employees

Studies conducted by the FT, for instance, now show that Amazon's minimum wage now exceeds that of major United Kingdom retailers Marks & Spencer, Morrison, S...


Tata Motors skids almost 20% intraday as JLR Sept sales decline

JLR sold 57,114 cars in September , a 12.3 per cent year on year drop, with the firm shipping nearly 20 per cent fewer Land Rovers than September 2017. The ...


IMF lowers SA's economic growth forecasts, urges reforms

The US growth forecast was cut by 0.2 percentage points in 2019 tp 2.5pc. The IMF said the global economy would grow 3.7 per cent this year, the same as in ...


India wants United States sanctions waiver after cutting Iran oil imports

The US withdrew from a deal on Iran's nuclear program in May and will individually impose sanctions on Iran's crude oil consumers on November 4. "Iran's oil c...


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