Emerging economies have experienced several bouts of currency and capital flow volatility over the past three years as the availability of dollars, a key component of global liquidity conditions, tightened along with the Federal Reserve's monetary policy. Read More
London's financial sector faces a possible exodus to other parts of Europe in the next couple of years, depending on what kind of exit agreement the United Kingdom reaches. Demand for safe haven assets such as government debt and precious metals remained strong. Shares in RBS , which remains 73 per cent taxpayer-owned, are now trading at 175.6 pence - the lowest level since January 2009. Read More
It will be known by the catchy title of "Diet Pepsi Classic Sweetener" (more simply, The One In The Blue Can). PepsiCo Inc plans to bring back aspartame , an artificial sweetener it removed from Diet Pepsi in the United States past year, in a bid to revive falling cola sales. Read More
Big U.S. banks are proving themselves to be stronger and sounder in an annual regulatory stress test, even as the Federal Reserve changes doomsday scenarios to keep them on their toes. Secondly, Tier 1 leverage ratio calculates core capital as a percentage of all assets. Capital is important to banking organizations, the financial system, and the economy because it acts as a cushion to absorb losses and helps to ensure that losses are borne by shareholders. Read More
The terms of this case won't actually be announced until Tuesday, though, meaning the agreement could still change. Full details of the settlement are scheduled to be released Tuesday by Senior U.S. Spokesmen for the EPA, VW and the Justice Department would not comment Thursday. Bloomberg reported that Volkswagen is not expected to be able to make all of the cars compliant with nitrogen oxide emissions standards. Read More
Gennette, 55, was named Macy's president in March 2014 after serving as the company's chief merchandising officer, and, before that, chairman and CEO of Macy's West. The deal involved the then-Federated Department stores buying May for $11 billion and it involved converting a slew of May's brands including Hecht's and Marshall Fields into Macy's banners. Read More
The Mega Millions jackpot starts at $15 million and grows from there. A lone victor who wants to take the cash-out option will walk away with $226 million. The jackpot is increasing at a fast pace and is expected to cross the threshold of $333 million tonight. Back on June 10, three winners matched the five white balls needed to secure winning of at least $1 million. Read More
The latest change in sentiment followed a three-day hiatus in campaigning after a member of Parliament who supported staying in the European Union was killed. Investors have anxious that a Brexit could cause a recession in Britain and could lead to even slower growth in other parts of Europe, Canally said. Read More
Rosneft shares rose 3 per cent in London, adding to a gain of 5.3 per cent on Friday and boosting its market value to US$54.4 billion (S$73.1 billion). Indian Oil Corporation (IOC)-led consortium of oil companies including BPCL, IOC and OIL has signed a Sale Purchase Agreement on Friday to buy 23.9 percent stake in Russia's Vankor field. Read More
On of GTM's analysts said, "A 21-30 percent premium on a depressed stock price, paid entirely in equity in another risky company". " Tesla customers can drive clean cars and they can use our battery packs to help consume energy more efficiently, but they still need access to the most sustainable energy source that's available: the sun", Tesla stated in the blog post announcing the offer. Read More
This morning the Federal Aviation Administration unveiled "Part 107", a new set of rules to govern the use of drones by commercial operators. Since 2014 the FAA has granted more than 6,100 of those exemptions, and another 7,600 are waiting for approval. Read More
The Nebraska Attorney General's Office joined a 33-state coalition to investigate and prosecute Apple for its participation in the conspiracy to artificially inflate E-book prices. Other books are eligible for a credit of $1.57 per book. Apple's share of the credits - estimated at $400 million nationwide and about $2 million for Idaho consumers - comes after the U.S. Read More
Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Marathon Oil Corporation has a 50 day moving average of 13.07 and a 200 day moving average of 11.60. Reflecting upon the costs that would be incurred in the investment, Marathon stated that its capital expenditure on the assets is in line with its budget of $1.4 billion. Read More
Fakher Daghestani, a Dubai-based spokesman for the manufacturer, declined to elaborate. Iran Air, the country's national carrier, said this week it wants to buy new generations of the Boeing 737, as well as the 300ER and 900 version of the Boeing 777. Read More
A VW spokesman said the company would study the statement from the prosecutor before commenting further. Mr Winterkorn resigned last September following revelations that the firm cheated United States diesel vehicle emissions tests. Some 11 million such cars were sold worldwide. Volkswagen continues to seek a fix for the affected vehicles after offering owners some financial compensation. Read More
Farage did not apologize for the provocative image, but he conceded that the Cox killing, which he called an act of terrorism, may have blunted the "leave" campaign's momentum at a key moment just days before the vote. "There are great things that Britain can do in the future as a progressive beacon". Vote Leave, the main group seeking U.K.to leave the European Union, held a rally in London attended by Gove and former London Mayor Boris Johnson. Read More
Microsoft's offer - $196 per share, a 49.5 percent premium to LinkedIn's closing price Friday - is a nod to LinkedIn's former powerhouse status. "The LinkedIn team has grown a fantastic business centered on connecting the world's professionals", CEO of Microsoft Satya Nadella said . Read More
Besides issuing a policy statement , the Fed updated its economic forecasts, which show how it foresees rate hikes unfolding in coming months. She also predicted that consumer spending, a key driver of USA economic growth, will rebound and the economy will move from a "lackluster" to a "moderate" growth rate over the next few years. Read More
The final significant deal of the session came when legislative leaders and Cuomo agreed to a one-year extension of the policy giving the mayor of NY control over his city's schools. The industry had been in a period of torrid growth prior to the challenge last fall from Schneiderman, which sparked similar crackdowns in a number of other states, including IL and Texas. Read More
Byrne, is based on the real-life head of corporate finance at Stratton Oakmont , Andrew Greene. On Thursday, U.S. Magistrate Judge Steven Locke said that the actor should make himself available for questioning. The lawsuit was brought by lawyer and investment banker Andrew Greene against Paramount Pictures Corp and others in 2014. The film shows "Rugrat" - whom Greene contends was based upon him - snorting cocaine and repeatedly mocks his hairpiece. Read More
But she also told them that she had gone with him to buy ammunition and that she had once driven him to Pulse, they said . In his comments during the 911 call from the club, Mateen also referenced the Boston Marathon bombers, according to officials. Read More
He later openly said, if India wanted to see economic growth at 10 per cent, Dr Rajan should go back to Chicago. A petty explanation-Mr Rajan's global reputation gave him the confidence not to toe the government line, peeving loyalists-would be oddly comforting. Read More
The report doesn't say how much ammo the couple bought, or when they went shopping for it. The former wife of the Orlando gunman, Omar Mateen , has told The New York Times that her ex-husband might have been gay and closeted, reinforcing reports that Mateen was a regular at Pulse nightclub and that he'd kept a profiles on gay dating apps like Grindr and Jack'd . Read More
The money will be used to meet impending repayments to Greece's global creditors and to help clear domestic arrears. This tranche is part of the bailout package worth 86 billion euros ($96 billion) set in the 2015 agreement between Athens and Greece's global creditors. Read More
Matt Bevin on Friday abolished the board overseeing the Kentucky Retirement Systems and created a new board to take its place. Under Bevin's order, the 13 members of the current board will be retained, but he appointed four new members to join them. Read More
Trump has been critical of the Fed's plans to increase the rates saying it would damage the economy. There is a strong rationale for the Fed to raise rates in December, with further hikes in 201... Read More
Conservative Leader Andrew Scheer said today the Liberal government needs to be more forceful with Beijing regarding the plight of the two Canadians detained in China, attacking what he calls the ... Read More
The White House is delaying a second round of payments from a $12 billion aid package for farmers stung by a trade dispute between China and the United States, amid optimism China will soon resume buy... Read More
On Monday, May pulled a parliamentary vote on her widely maligned Brexit deal with the European Union , acknowledging it would have been defeated by members of the Commons. "I will now do everythi... Read More
Kudlow adds that if the US doesn't get "satisfactory" responses to its trade positions more tariffs will be imposed. U.S. President Donald Trump says the United States is "very close" to a deal... Read More
It's going to happen". General Motors will close its production plant in Oshawa along with four facilities in the U.S.as part of a global reorganization that will see the company focus on elect... Read More
In addition, restaurants should not serve or sell romaine lettuce until more information is available. Thirty-two cases in 11 states of E. coli have been reported in the country and are believed... Read More
In a monthly report, the Organization of the Petroleum Exporting Countries said world oil demand next year would rise by 1.29 million barrels per day, 70,000 bpd less than predicted last month a... Read More
But upon taking her new role as chairwoman of Tesla , Denholm will step down from her CFO role at Telstra once her six-month notice completes. Tesla late on Wednesday named Robyn Denholm as i... Read More
The proposal also creates an additional license for marijuana "microbusinesses" for grows of up to 150 plants, and individuals can grow up to 12 marijuana plants per household. "Marijuana has now been... Read More
