Money

Drones and stakeouts - how Tesla 'haters' put pressure on CEO Musk

Drones and stakeouts - how Tesla 'haters' put pressure on CEO Musk Musk posted the tweet in response to an article about the removal of accounts responsible for coordinated manipulation on Twitter, praising the micro-blogging platform's actions. He also said the submarine wouldn't have been able to navigate the complex tunnels of the Tham Luang cave complex, adding Mr Musk was not needed and was asked to leave. [Full Article...]

Where's The Black Money? Almost All Banned Notes Returned: Foreign Media

Where's The Black Money? Almost All Banned Notes Returned: Foreign Media RBI's annual report says overall detection of counterfeit notes in fiscal 2018 was 31.4% lower than the previous fiscal. For instance, the SBI's economic research department, headed by chief economist Soumya Kanti Ghosh, predicted that up to Rs 2.5 lakh crore wouldn't come back into the banking system . [Full Article...]

Powell signals more hikes ahead if United States economy stays strong

Powell signals more hikes ahead if United States economy stays strong Powell , speaking at the annual Jackson Hole monetary conference, also said declining economic mobility, an unsustainable federal deficit and low productivity are long-term structural challenges. The Fed under Chair Jerome Powell has been raising rates and is expected to do so again when policymakers meet next month. The economy is strong and the Fed must walk a tight line between not snuffing... [Full Article...]

Oil rises above $74 on report of USA inventory drop, Iran sanctions

Oil rises above $74 on report of USA inventory drop, Iran sanctions Giovanni Staunovo, a commodity analyst and chief investment officer at Swiss bank UBS, said in response to questions emailed from UPI that API is the main driver behind the rally this morning, though official data from the U.S. Iran is the third-biggest producer within the Organization of the Petroleum Exporting Countries (Opec) and the nation exports around 2 million barrels per day of crude... [Full Article...]

Pope arrives in Ireland for first visit in 40 years

Pope arrives in Ireland for first visit in 40 years So the president of Ireland , the prime minister of Ireland, and the survivors of abuse in Ireland were hoping for more than tough talk. The visit was originally meant to celebrate Catholic families. They set children's shoes on the pavement, each representing a child who had been abused by priests. Pope Francis is the 266th Catholic Pope and current sovereign of the Vatican. [Full Article...]

Benchmark S&P 500 in longest bull-market run ever - says who?

Benchmark S&P 500 in longest bull-market run ever - says who? The S&P 500 rose 17 points, or 0.6 per cent, to 2,874, beating the record it set in January by two points. "That potential new high is important", S&P Dow Jones Indices analyst Howard Silverblatt wrote in a research note . The Nasdaq Composite (. IXIC ) dropped 15.13 points, or 0.19 percent, to 7,844.04 at the opening bell. The Dow Jones Industrial Average finished down 76.62 points (0.30 per c... [Full Article...]

Aussie PM holds on for now amid leadership crisis

Aussie PM holds on for now amid leadership crisis Many Liberal MPs openly admit they don't have a clue about who will be the prime minister and leader of their party by early afternoon. "You can't demand support from your people and then when the time comes for your support, decide that you've had enough of the show", former deputy prime minister Barnaby Joyce said. [Full Article...]

Trump says US market would 'crash' if he were impeached

Trump says US market would 'crash' if he were impeached The Manafort conviction was the first case sent to trial by the special prosecutor probing Russian meddling in the 2016 election. I think everybody would be very poor. Trump has insisted that he only found out about the payments after they were made, despite the release of a September 2016 taped conversation in which Trump and Cohen can be heard discussing a deal to pay McDougal for her story of a... [Full Article...]

Britain Calls For More EU Sanctions On Russia

Britain Calls For More EU Sanctions On Russia U.S. President Donald Trump answers a question during an interview with Reuters in the Oval Office of the White House in Washington, Aug. 20, 2018. The department said that earlier this year, one vessel linked to the Russian companies transferred 3,500 tons of oil to ships flying the North Korea flag. [Full Article...]

Alarm over Donald Trump complaints about his pick for US Fed chair

Alarm over Donald Trump complaints about his pick for US Fed chair Trump's Fed comments coincide with rising USA rates that have fed into global volatility, especially in emerging markets, at a time when investors are also coming to grips with the burgeoning trade war. Trump said that he had expected Mr. Powell to adhere to an easy-money monetary policy, by keeping interest rates low, when he nominated Mr. Powell in November to succeed Janet L. [Full Article...]

Stressed Elon Musk denies being 'on weed'

Stressed Elon Musk denies being 'on weed' Venky Ganesan, investing partner at Menlo Ventures, said in an interview that the cost of capital - the rate of return required by an investor to persuade them to make a given investment - averages 17 percent to 18 percent for private companies compared with 6 percent to 7 percent for public companies. [Full Article...]

USA threatens more sanctions on Turkey — JAILED PASTOR

USA threatens more sanctions on Turkey — JAILED PASTOR Erdogan responded on Tuesday by announcing a boycott of American electronics after Trump's decision to hike tariffs. Ebbing concerns over the fallout from the Turkish lira's recent slide also helped strengthen the euro against the dollar. [Full Article...]

Trump attacks Turkey, vows to pay "nothing" for United States pastor's release

Trump attacks Turkey, vows to pay USA support for Kurdish rebel groups fighting Islamic State fighters in northern Syria is another major difficulty, given Turkey's battle against a Kurdish insurgency in its own country. "This may be how Qatar is paying back the favor". A Trump tweet on Friday announcing a doubling of aluminum and steel tariffs for Turkey triggered the rout in the currency markets. [Full Article...]

Turkish lira weakens as U.S. warns of new sanctions over detained pastor

Turkish lira weakens as U.S. warns of new sanctions over detained pastor Trump tweeted on August 10 that he has authorized a doubling of tariffs on Turkish steel and aluminum imports as their currency Lira slides rapidly downward against the United States dollar. On Wednesday, the United States dismisses any move to remove steel tariffs which caused currency rout in the Turkey even in the circumstance if Ankara frees a USA pastor. [Full Article...]

White House says Turkey treated pastor 'badly'

White House says Turkey treated pastor 'badly' In the months preceding the blockade Turkish companies were handling projects worth about $11.6bn in Qatar, most of which is put into FIFA World Cup 2022 projects, according to Qatar Chamber. further actions to respond to Ankara's statement. In response, Erdogan has called for a boycott of United States electrical goods while Ankara has sharply hiked tariffs on some USA goods . [Full Article...]

U.S., China to Resume Trade Talks as Tariffs Bite

U.S., China to Resume Trade Talks as Tariffs Bite Numbers in consumer, small business, and large business confidence are at record highs and rising, and and Trump also deserves the credit for that as well, said Kudlow. He continued, "Right now, their economy looks bad". China announced Thursday that it will send a delegation to the USA later this month for trade negotiations, after the two countries started imposing tit-for-tat tariffs on goods... [Full Article...]

Iran offers discount oil to Asia

Iran offers discount oil to Asia Futures for September delivery increased 1.2 per cent to 519 yuan (S$104) a barrel on the Shanghai International Energy Exchange. Oil prices were steady on Monday as trade tensions and troubled emerging markets dented the outlook for fuel demand, although USA sanctions against Iran pointed towards tighter supply ahead. [Full Article...]

22 dead in Italy after motorway bridge collapses

22 dead in Italy after motorway bridge collapses At least 35 people were killed when a bridge collapsed in the Italian port city of Genoa , police said on Wednesday after firemen worked through the night looking for any survivors buried under the rubble. Sooner or later, it will have to be replaced. He said they had come across the vehicle of one family, where a couple had been crushed. Those problems were later corrected, he said. [Full Article...]

Turkish turmoil to send economic storm clouds over United States soon

Turkish turmoil to send economic storm clouds over United States soon What a boycott on iPhones (and potentially other Apple products) would mean for these locations isn't clear. But neither side has backed down, with Erdogan invoking Turkey's past of supporting the U.S. He noted that "defaults and hence a recession in Turkey are becoming increasingly likely", and "ditto for Argentina", which has seen its US -dollar debt surge to 18.4 per cent of GDP versus 6.7 per ... [Full Article...]

Tragedy on the Mendocino Complex; Authorities Announce Firefighter fatality

Tragedy on the Mendocino Complex; Authorities Announce Firefighter fatality His bail has been set at $1 million dollars. We will continue to keep you updated as we receive more information. Cal Fire explained the cause of fire as "mechanical failure of a vehicle". The cooler temperatures, off triple digits across much of Northern California, came during a two-day tour of the area by two Trump administration officials, U.S. [Full Article...]


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