Oil Prices Jump As Gulf Of Mexico Rigs Evacuated

International Brent crude futures LCOc1, by contrast, lost ground, trading at $78.07 per barrel, down 8 cents from their last close. U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $70.05 per barrel at 0353 GMT, up 25 cents, or 0.4 ... More..

by | Published more than a month ago
Amazon becomes nation's second public trillion-dollar company
by | Wednesday, September 05, 2018

Amazon becomes nation's second public trillion-dollar company

On Monday a rise in the share price of Amazon , which is listed on the Nasdaq stock exchange in the USA, briefly took it above the trillion-dollar watermark for the first time with the company's value hovering...More..

White workers at Sasol launch 'go-slow' ahead of Thursday strike
by | Tuesday, September 04, 2018

White workers at Sasol launch 'go-slow' ahead of Thursday strike

Solidarity says it's waiting for a response from management at Sasol. The action is being reported as the first-ever strike by white employees in South Africa over racial exclusion. The petrochemical firm, wh...More..

Japanese Oil Wholesalers ‘Prepare To Suspend’ Iranian Imports
by | Tuesday, September 04, 2018

Japanese Oil Wholesalers ‘Prepare To Suspend’ Iranian Imports

U.S. oil prices rose on Tuesday, breaking past $70 per barrel, after two Gulf of Mexico oil platforms were evacuated in preparation for a hurricane. Crude oil "prices could reach $80 and higher in the short t...More..

Fuel prices to remain unchanged: Radebe
by | Tuesday, September 04, 2018

Fuel prices to remain unchanged: Radebe

In Mumbai petrol touched Rs 86.56 per litre while diesel increased to Rs 75.54 per litre, after a hike of Rs 0.44 per litre. In Chennai, petrol costs Rs 82.24 while it is Rs 82.06 in Kolkata. Unleaded petrol wi...More..

New dance Theresa may laugh Network
by | Monday, September 03, 2018

New dance Theresa may laugh Network

While onlookers seemed happy with May's attempt to integrate by participating in Africa's traditional dances, Kenyan President Uhuru Kenyatta didn't, however, shy away from taking a swipe at May during a pres...More..

Dominic Raab 'stubbornly optimistic' about Brexit deal
by | Monday, September 03, 2018

Dominic Raab 'stubbornly optimistic' about Brexit deal

The EU proposes that Northern Ireland stay aligned with the remaining 27 bloc members after Brexit as part of a "backstop", or insurance policy to avoid the reimposition of border checks and a risk to Irish p...More..

California lawmakers pass toughest net neutrality law
by | Monday, September 03, 2018

California lawmakers pass toughest net neutrality law

The senate voted to save net neutrality back in May after the Federal Communications Commission led by Trump-appointee Ajit Pai repealed Obama-era regulations previous year. "When California acts, the world...More..

Mastercard has secret contract to supply Google with offline transaction records
by | Monday, September 03, 2018

Mastercard has secret contract to supply Google with offline transaction records

Since a year ago, select retailers have had access to a tool called Store Sales Measurement , which lets them track the link between online ads and in-store sales. It is possible to opt out of Google collectin...More..

Trump defends his public response to McCain's death: 'We had our disagreements'
by | Monday, September 03, 2018

Trump defends his public response to McCain's death: 'We had our disagreements'

The president's behavior following Senator John McCain's death has not even been appreciated by those close to him. What was perhaps one of the stranger sections of the interview was when Trump claimed that h...More..

Australia push economic ties, trade deal soon
by | Monday, September 03, 2018

Australia push economic ties, trade deal soon

Sofyan Wanandi, a senior official in the office of Indonesian Vice President Jusuf Kalla, told Fairfax Media the finalisation of the free trade agreement was "very good news for both countries". "It is much mor...More..

Wall Street sluggish on trade concerns; Apple, Amazon lift Nasdaq
by | Monday, September 03, 2018

Wall Street sluggish on trade concerns; Apple, Amazon lift Nasdaq

The indexes are also on track to be up for the month of August, with the Nasdaq posting its largest monthly gain since January. At 12:51 p.m. ET, the Dow Jones Industrial Average was down 74.88 points, or 0...More..

CBOE Will Reportedly Launch Ethereum Futures Trading By The End Of 2018
by | Monday, September 03, 2018

CBOE Will Reportedly Launch Ethereum Futures Trading By The End Of 2018

According to Business Insider , Tom Lee, a managing partner at Fundstrat Global Advisors, believes that Ether futures trading will alter the price narrative of the market. Someone familiar with the situat...More..

Japan's Panasonic to move European headquarters to Amsterdam in October - Nikkei
by | Sunday, September 02, 2018

Japan's Panasonic to move European headquarters to Amsterdam in October - Nikkei

The company said in a statement Thursday that it plans to relocate from the U.K.to Amsterdam on October 1 to "pursue improved efficiency and cost competitiveness while having easy access to the different market...More..

by | Sunday, September 02, 2018

Trump renews threat to withdraw US from NAFTA

Trump's evening tweets come after a pair of Saturday morning tweets also panning Canada and NAFTA. "If we don't make a fair deal for the USA after decades of abuse, Canada will be out", Trump tweeted on Sa...More..

Possible Outcomes as CBOE plans to launch Ethereum futures by year end
by | Sunday, September 02, 2018

Possible Outcomes as CBOE plans to launch Ethereum futures by year end

According to Business insider's article released on August 31, 22018, CBOE is now waiting for further information from the US Commodity Futures Trading Commission ( CFTC ). CME, which launched its Bitcoi...More..

In five years, Uber could start ‘flying taxi’ service in India
by | Sunday, September 02, 2018

In five years, Uber could start ‘flying taxi’ service in India

Ride-hailing platform Uber has announced India as one of the five countries it has shortlisted for its first worldwide "Uber Air City" that will go up within the coming five years. Uber will choose one of the...More..

Trump cancels pay raise due federal workers in January
by | Sunday, September 02, 2018

Trump cancels pay raise due federal workers in January

Under current law, the 2.1 percent across-the-board pay raise was scheduled in 2019 for all civilian federal employees, as well as location-based increases. David Cox Sr., national president of the American Fed...More..

Argentina Hikes Interest Rate to 60 Percent, Peso Plunges
by | Sunday, September 02, 2018

Argentina Hikes Interest Rate to 60 Percent, Peso Plunges

Interest rates have been raised to their practical limit, the IMF has already been called in to little avail, and the country has only limited global reserves to use in defense of its currency. "Regardless of w...More..

by | Sunday, September 02, 2018

Ford cancels Focus crossover model, cites Trump tariffs

It's been a bumpy ride for the vehicle. It had expected to sell fewer than 50,000 units a year. In 2016, the company said it would move production from MI to an existing factory in Mexico to save money. "Our re...More..

by | Saturday, September 01, 2018

India's GDP grows at 8.2 per cent in 2018-19 Q1

The growth figures have beaten the 7.6% estimate based on a Reuters poll forecast. The $2.6 trillion economy, the world's sixth largest, had annual growth of 5.6 percent in April-June quarter of 2017. He sa...More..

Whitbread to sell Costa Coffee chain to Coca-Cola for £3.9billion
by | Saturday, September 01, 2018

Whitbread to sell Costa Coffee chain to Coca-Cola for £3.9billion

Premier Inn has 785 hotels in the United Kingdom and a sprinkling of others in Germany and the Middle East. Whitbread bought Costa in 1995 for 19 million pounds. Whitbread announced earlier this year that ...More..

President Trump cancels pay raises for federal employees
by | Friday, August 31, 2018

President Trump cancels pay raises for federal employees

Trump's 2019 budget proposal, released earlier this year, included a pay freeze for civilian federal workers. However, both the House and Senate have differing spending plans and Trump would ultimately have to ...More..

Dyson reveals plans for $260M expansion to electric vehicle test center
by | Friday, August 31, 2018

Dyson reveals plans for $260M expansion to electric vehicle test center

Dyson, the company founded by Sir James Dyson-the British billionaire inventor of the bagless vacuum cleaner-announced plans on Thursday to build a test track on a renovated historic airfield in southwest Engla...More..

by | Friday, August 31, 2018

Statement by the IMF's Managing Director on Argentina

Argentina's Central Bank on Thursday increased its benchmark interest rate to 60 per cent - the world's highest - in an effort to halt a sharp slide in the value of the peso , which plunged to a new record low...More..

Five things to know about today's Trans Mountain pipeline court ruling
by | Friday, August 31, 2018

Five things to know about today's Trans Mountain pipeline court ruling

The court case combined almost two dozen lawsuits calling for the energy board's review of Kinder Morgan Canada Ltd.'s project to be overturned. Bill Morneau, Trudea's finance minister, tweeted Thursday tha...More..

Ontario driver arrested for 100-foot jump in Tesla Model S
by | Friday, August 31, 2018

Ontario driver arrested for 100-foot jump in Tesla Model S

A 46-year-old Tesla driver faces a risky driving charge after the vehicle went airborne in Barrie , Ontario, Barrie Today reports . Multiple angles of the auto show it flying through the air at an incredi...More..

Uber to focus on bikes and scooters over cars
by | Thursday, August 30, 2018

Uber to focus on bikes and scooters over cars

It's a win for the city. NY and Washington are two of the eight United States cities where Uber has added e-bikes to its app, while Berlin is set to become the first European city to receive the function. He ...More..

by | Thursday, August 30, 2018

Facebook takes fight to YouTube with global launch of Watch service

The company has launched services such as " Watch Party " so viewers can engage with friends while watching videos; an Interactivity Platform for polls, challenges, and quizzes; and a series of news programs ...More..

Vodafone Australia and TPG announce $15bn merger
by | Thursday, August 30, 2018

Vodafone Australia and TPG announce $15bn merger

A short time ago, the shares were up 17.6% to $9.270. Combined with Vodafone's improving mobile offer - it has 19% of the market - TPG's broadband could help attract customers disaffected with Telstra and Opt...More..