Patisserie Valerie Finance Chief Arrested, Company Faces Uncertain Future

But the renowned entrepreneur has stepped up, agreeing to provide a three-year £10mln loan for which he will receive no interest or fees, as well as a bridging facility of up to £10mln which will tide the company over until the proceeds of the placin... More..

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The successor Elon musk Tesla can become members of the film industry
by | Monday, October 15, 2018

The successor Elon musk Tesla can become members of the film industry

Just six months ago, James was rumored to be starting a venture capital fund. Early in August, Musk made a claim that he had the funding in order to make Tesla a private company, a move which briefly upse...More..

Sears files for Chapter 11 bankruptcy amid plunging sales, massive debt
by | Monday, October 15, 2018

Sears files for Chapter 11 bankruptcy amid plunging sales, massive debt

But it has struggled to reinvent itself in the face of competition from companies such as Amazon.com Inc, as well as other brick-and-mortar retailers, including Walmart Inc. But, in the past, after these sales ...More..

Mnuchin isn't blaming the Fed for the market rout, says it's a '
by | Monday, October 15, 2018

Mnuchin isn't blaming the Fed for the market rout, says it's a '

Trump's comments and the stock slide "won't be enough to prevent the "crazy" Fed from raising rates again in December", Capital Economics analysts wrote on Thursday after the last consumer price data, which, ...More..

Britain, France, Germany call for 'credible investigation' into Khashoggi case
by | Monday, October 15, 2018

Britain, France, Germany call for 'credible investigation' into Khashoggi case

That prompted a pugnacious Saudi response on Sunday: "The kingdom also affirms that if it is [targeted by] any action, it will respond with greater action". 14, 2018. "He'd given it to her as she waited out...More..

World’s longest non-stop flight arrives in USA from Singapore
by | Sunday, October 14, 2018

World’s longest non-stop flight arrives in USA from Singapore

Shortly before take-off the airline posted: 'Counting down to the launch of our non-stop flight to NY on the Airbus A350 Ultra Long Range!' A spokeswoman for Singapore Airlines said that Flight SQ22 depar...More..

Saudi Arabia rejects baseless allegations of Khashoggi murder
by | Sunday, October 14, 2018

Saudi Arabia rejects baseless allegations of Khashoggi murder

News reports about orders to kill Khashoggi "are lies and baseless allegations", the minister said in a statement carried by the Saudi Press Agency (SPA). Turkish President Recep Tayyip Erdogan has challe...More..

United States inventories of crude oil, gasoline increase
by | Sunday, October 14, 2018

United States inventories of crude oil, gasoline increase

Brent for December settlement was 97 cents lower at $82.12 a barrel on the London-based ICE Futures Europe exchange, after falling $1.91 on Wednesday. The increase is the biggest weekly gain since mid-August. I...More..

No victor in Mega Millions Friday
by | Sunday, October 14, 2018

No victor in Mega Millions Friday

No one has won since July. Mega Millions drawing is Friday night and the jackpot has reached $548 million. The top Mega Millions jackpots of all time are $656 million in 2012 and $648 million a year later...More..

Hackers accessed personal information of 30 million Facebook users
by | Sunday, October 14, 2018

Hackers accessed personal information of 30 million Facebook users

The hackers accessed name, email addresses or phone numbers from those 29 million accounts. Attackers did not access any information for the remaining one million users. It was this vulnerability which allow...More..

Mnuchin: Trump respects Fed but likes low interest rates
by | Sunday, October 14, 2018

Mnuchin: Trump respects Fed but likes low interest rates

But he downplayed the first major drop in months, saying, "it's a correction that we've been waiting for a long time". The Dow Jones dropped by more than 800 points on Wednesday in one of the worst days for t...More..

Donald Trump says Fed has 'gone crazy' after Dow Industrial Average tumbles
by | Friday, October 12, 2018

Donald Trump says Fed has 'gone crazy' after Dow Industrial Average tumbles

That has so far been strong enough to warrant steady rate hikes, a sign from the Fed's perspective of an economy that has recovered more completely from the 2007 to 2009 financial crisis. Higher interest rates ...More..

International Monetary Fund warns of broad ‘market correction’ from global trade tensions
by | Friday, October 12, 2018

International Monetary Fund warns of broad ‘market correction’ from global trade tensions

China's economy could also take a hit: The IMF revised its forecast for economic growth in 2019 down to 6.2 percent, slightly lower than previous estimates and down from 6.6 percent this year. Despite some ca...More..

Brexit: No deal brings risk of stockpiling says watchdog
by | Friday, October 12, 2018

Brexit: No deal brings risk of stockpiling says watchdog

If the DUP votes against the budget, which will be presented on October 29, this could trigger a confidence motion and a general election if the government loses. While talks with Brussels have intensified si...More..

Jamal Khashoggi: Turkish media claims footage identifies Saudi men behind disappearance
by | Friday, October 12, 2018

Jamal Khashoggi: Turkish media claims footage identifies Saudi men behind disappearance

The U.S. and Saudi Arabia concluded arms sale agreements worth more than $65 billion, from FY2009 through FY2016. The Saudi ambassador to Washington , Prince Khalid bin Salman bin Abdulaziz, has describe...More..

US stocks open with modest losses
by | Friday, October 12, 2018

US stocks open with modest losses

That was its biggest loss since March 22. "Since the market bottomed in March 2009, it's been more than 10 years of growth stocks leading the way non-stop". "The market is not necessarily going to take out much...More..

US President Trump calls the US Fed 'crazy', stock declines a 'correction'
by | Thursday, October 11, 2018

US President Trump calls the US Fed 'crazy', stock declines a 'correction'

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. One former Treasury official said while...More..

Sears May Be Days Away From Bankruptcy
by | Thursday, October 11, 2018

Sears May Be Days Away From Bankruptcy

Reports circulated that the company is talking to advisers and banks in preparation for a bankruptcy filing. Sears, an icon of American retailing since the 19th century, has struggled to appeal to consumers ...More..

by | Thursday, October 11, 2018

Trump calls stock sell-off 'a correction,' says Federal Reserve is 'crazy'

It's so tight. I think the Fed has gone insane", Trump told reporters shortly after markets closed, as he arrived in Erie, Pennsylvania for a rally. A stock market correction is defined as a fall of at least 10...More..

Pakistan requests International Monetary Fund for bailout package
by | Thursday, October 11, 2018

Pakistan requests International Monetary Fund for bailout package

After a visit last week, the International Monetary Fund said Pakistan was facing significant economic challenges, with diminishing growth, high budget and current-account deficits, and low foreign-exchange r...More..

Exiled Egyptian opposition leader expresses fear after Khashoggi disappearance
by | Thursday, October 11, 2018

Exiled Egyptian opposition leader expresses fear after Khashoggi disappearance

Saudi Arabia gave no official response to the allegation that members of its security services were on the planes. "We have seen conflicting reports on the safety and whereabouts of prominent Saudi journal...More..

Stocks have their worst day in months; Dow drops 800-plus points
by | Thursday, October 11, 2018

Stocks have their worst day in months; Dow drops 800-plus points

But there were few places to hide Wednesday. Since early 2009, the S&P 500 has quadrupled, driven higher by the US economic expansion, hefty profits for corporations and historically low interest rates, all of ...More..

Missing journalist's fiancée 'in a state of deep confusion and sadness'
by | Thursday, October 11, 2018

Missing journalist's fiancée 'in a state of deep confusion and sadness'

Secretary of State Mike Pompeo also spoke with the crown prince "to reiterate the United States request for information", Sanders said . But in his first extensive remarks about Khashoggi's case, Trump w...More..

India expected to keep buying Iranian oil despite sanctions by US
by | Wednesday, October 10, 2018

India expected to keep buying Iranian oil despite sanctions by US

International Olympic Committee and ONGC's refining subsidiary MRPL, (Mangalore Refinery and Petrochemicals Ltd) have placed an order for 1.25 million tonnes of Iranian crude. sanctions", the IMF said in the Oc...More..

Pakistan says it will seek International Monetary Fund bailout as reserves dwindle
by | Wednesday, October 10, 2018

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

The IMF, in the WEO report, said inflation pressures in sub-Saharan Africa had broadly softened, with annual inflation projected to drop to 8.6 per cent in 2018 and 8.5 per cent in 2019, from 11 per cent in 2...More..

China avoids questions about Apple, Amazon chip hack report
by | Tuesday, October 09, 2018

China avoids questions about Apple, Amazon chip hack report

According to Bloomberg , these servers wound up in the data centers of nearly 30 companies, including Apple and Amazon. Apple's press release was equally strong. In a follow-up email to Ars, Apple confir...More..

India buying Iran oil in defiance of Trump sanctions
by | Tuesday, October 09, 2018

India buying Iran oil in defiance of Trump sanctions

Pradhan said two state refineries have made nominations to purchase Iranian oil in November. Oil dropped below $83 a barrel on Monday, pressured by expectations that some Iranian oil exports will keep flowi...More..

Michael upgraded to hurricane, forecast to become major hurricane
by | Tuesday, October 09, 2018

Michael upgraded to hurricane, forecast to become major hurricane

Rick Scott says Hurricane Michael is a "monstrous storm" that has the potential to be devastating to the Florida Panhandle . A Hurricane Watch was issued for the Alabama-Florida border eastward to the S...More..

US Actively Considering Waivers on Iran Oil Sanctions
by | Monday, October 08, 2018

US Actively Considering Waivers on Iran Oil Sanctions

Reuters had reported on Friday that India would buy 9 million barrels of Iranian oil next month. Iran may indeed have not cut production yet to match the rate of decline in its exports, as the countr...More..

United States terminates treaty with Iran after UN court ruling - Ireland
by | Monday, October 08, 2018

United States terminates treaty with Iran after UN court ruling - Ireland

Hedge funds cut their bullish wagers on U.S. crude in the latest week to the lowest level in almost a year, data showed on Friday. On Wednesday, WTI crude was up 1.6 per cent at $76.41 a barrel, after touchin...More..