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Deutsche Bank CEO Says Staff Are ‘Sick and Tired’ of Bad News

Many of you are sick and exhausted of bad news. The secret and rare designation from the Fed took place about a year ago and forced Deutsche Bank to dial back its risk taking, The Wall Street Journal reported on Thursday . "The bank has failed t...

Sears to close 72 more stores

Sears is also looking to sell its Kenmore brand in an effort to raise some ready cash after selling off its Craftsman brand a year ago. The release said recent store closures contributed to almost two thirds of the decline. The company sa...

Fiat plans new 500e and 500 Giardiniera wagon

FCA promised eight models in the lineup, aiming to turn Chrysler into a volume brand that would have rivaled Chevrolet and Ford . The namesake Fiat and Chrysler brands of automaker FCA will be undergoing some major changes between now and 2022, ...

MSCI Could Cap Brazil, India Weights in EM Indexes

Global index provider MSCI Inc . added around 230 mainland-listed Chinese stocks to its flagship Emerging Markets Index, and other indexes, a move expected. Domestic China A-shares have been added to MSCI regional indices for the first time toda...

Malaysia's Petronas to take 25% stake in Kitimat, B.C. LNG project

Petronas has always maintained its commitment to monetising its Canadian gas resources despite pulling the plug last July on its planned Pacific NorthWest LNG project at Port Edward in British Columbia. PetroChina, Mitsubishi and Kogas are the othe...

Google reported to stop working on Maven, its government-licensed AI tech

Google plans to honour what is left of its contract on Project Maven , the person said . It's unclear specifically which certificate the email refers to, but Project Maven was established in April 2017 and Google was proud to announce a provisi...

The Economic Risks of Trump's Premature Tweeting

Only a select few officials, including the labor secretary, the head of the president's Council of Economic Advisers, the treasury secretary and the Fed chairman, are told prior to its release for fear that a leak could give some investors an unfair ...

Visa payments not working as system crashes in UK

Banks and shops in the United Kingdom took to Twitter to alert customers about the disruption. On Friday, June 1, 2018, just as most banks were closing for the weekend across Europe , the debit card system provided by Visa went into meltdown .

Singapore Airlines to launch epic 19 hour flight

Presently, the longest flight in the world is the Qatar Airways 921 which takes off from Auckland and lands at Doha , taking 17 hours and 40 minutes. The variant was designed specifically with Singapore Airlines in mind , and the airline will b...

FTSE slumps as Italy crisis hits European markets

European stocks tumbled on Tuesday as investors weighed political uncertainty in Spain and the prospect of fresh elections in Italy, which could serve as a referendum on its euro membership. dollar on Tuesday but by Wednesday things looked to be ...

Tesla Model 3 earns Consumer Reports recommendation with brake update

Its biggest beef appeared to be long stopping distances in emergency braking tests. It was making about 2,000 a week earlier this month, but Musk has said he hopes to reach 5,000 a week by midyear - a level that he says is necessary for Tesla to en...

Waymo to get more than 60,000 cars from Fiat Chrysler for robotaxis

The company is already testing a small fleet of completely autonomous taxis in Arizona. The company emphasized that talks were in an early stage. "Strategic partnerships, such as the one we have with Waymo, will help to drive innovative technolog...

Trump moving ahead with plan to slap tariffs on Chinese goods

However, the USA has yet to publish a list of target products for the US$100 billion, and the White House statement on Tuesday made no reference to the second potential tranche of duties. That deal was separate from the U.S. investigation into Ch...

Populist PM to lead new Italian government

Attention has shifted away from Italy and toward President Trump's threat of a trade war with Europe . This is the case that Italy's mainstream politicians should be pressing. A day after the possibility of a governing coalition between the a...

Trump to impose steel, aluminium tariffs on EU

Dow Jones components Boeing (BA) and Caterpillar (CAT), heavy steel users vulnerable in a trade war , fell more than 1%. European Union officials previously informed the World Trade Organization of the bloc's plan to levy duties on $7.2 billio...

Starbucks Closes Shops For Afternoon Of Anti-Bias Training

The training took place weeks after two black men were arrested at a Philadelphia store after one asked to use the bathroom before he had made a purchase. That follows comments from Starbucks Chairman Howard Schultz said he didn't want people to ...

Trump Plans to Go Ahead with Steel, Aluminum Tariffs on EU

Canadian Prime Minister Justin Trudeau said the Trump administration's argument that the tariffs were necessary for national security reasons was an "affront" to Canada , which has fought alongside the U.S.in numerous armed conflicts. That came ...

Banking services impacted as PSU staff go on 2-day strike

The employees are angry over a mere 2% hike they received in 2018 (effective November 2017) as part of the five-year cycle that sees their salaries getting adjusted for inflation periodically. In a regulatory filing, State Bank of India, the countrys...

Canada Purchases Trans Mountain Pipeline from Kinder Morgan

Finance Minister Bill Morneau has proposed sacrificing Canadian taxpayers to bail out an uneconomic USA pipeline owned by former Enron executives. "And if you can't move these mountains, so to speak, to get this project done, then take it over and do...

Clinic for Cryptocurrency Trading Addicts Opens in Scotland

To be precise, the treatment will be overseen by the Castle Craig Hospital in Peeblesshire where addicts can learn to cope with their gambling issues. " Cryptocurrency addiction is a behavioural addiction, similar to gambling addiction, and disrup...

Amazon to block Australian shoppers from its U.S. website

After that date, Aussie customers who attempt to visit the U.S. version of Amazon or any of Amazon's overseas sites will find themselves redirected to Amazon's Australian site, which offers a much smaller selection of items. Shares of local e-commerc...

Can Di Maio and Salvini still form a coalition government?

Events came to an explosive head on Sunday when President Sergio Mattarella rejected the populist parties' call for Paola Savona to be appointed as economic minister. "I want this institutional crisis to be taken to parliament. and the president tr...

OGRA recommends Rs8.37 hike in petrol price

Officials have talked about introducing some "long-term" solution without giving details. In a move that gives credence to the suspicion that the Centre continues to interfere with the pricing of fuel even after deregulation, state-owned oil market...

Federal government spending $4.5B to buy Trans Mountain pipeline, BC terminal

Gladu said it's particularly frustrating from Sarnia-Lambton's perspective after Ottawa denied funding for key projects. "Part of that plan included three elements, one, an absolute cap on oil sands emissions, two, a price on carbon that would ap...

Trump hits Canadian steel, aluminum with tariffs

Study says auto tariffs will cost 157K jobs MORE on Thursday said President TrumpDonald John TrumpKoch brothers company tweets support for Kim Kardashian after Trump meeting Romney reveals he wrote in wife's name for president in 2016 Pompeo has ...

Trump hits China with $50B tariffs, investment restrictions

President Donald Trump said Tuesday he is moving to finalise trade sanctions against China even as a USA delegation is set to travel to Beijing for talks to resolve the dispute. Chinese and U.S. flags are set up for a signing ceremony during a visi...

Krispy Kreme Owner Bets Americans Will Eat at Pret A Manger

Luxembourg-based JAB Holdings is set to buy British sandwich chain Pret A Manger for 1.5 billion pounds ($2.0 billion), including debt, from its private equity owners, the Financial Times reported late on Monday. Reuters reported previous year tha...

Thousands of Starbucks stores close early for company-wide anti-bias training

Employees will talk about their own experiences, and watch a film about bias. "It makes it look like they're trying to, you know, quiet the storm", Metcalf said outside a closed-for-training Starbucks. Schultz, Starbucks' executive chairman, said...

Joy and fury as Albertans react to federal government’s pipeline purchase

Vancouver Mayor Gregor Robertson calls the pipeline an unacceptable risk that threatens 10,000 jobs in the harbor. "Today's events do not change the risks of a seven-fold increase in tanker traffic, or the catastrophic effect a diluted bitumen spil...

Crude oil prices, dollar rates causing fuel price hike: Dharmendra Pradhan

With the latest hike, petrol price touched Rs 78.43 per litre in Delhi and Rs 86.24 per litre in Mumbai. Petrol prices across the four metros have been increased by over Rs 3 per litre in the past 16 days, leading to a political slugfest.

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Breaking News

China's September trade surplus with U.S. widens to record $34.13 billion

However, an oil trader told Reuters that refinery run rates have been on the rise last month, suggesting demand for fuels was improving. China's exports to the USA rose to $46...

Turkish prosecutor seeks 10-year jail term for United States pastor

He was swept up in the wave of arrests that followed the botched military coup in 2016, during which tens of thousands of people - including artists, intellectuals and ordinary Tur...

President Trump blames 'loco' Federal Reserve for October's big stock drop

The Fed, as you know, is gradually raising short-term rates to unwind the zero-percent rates it imposed in 2008-2009 to combat the financial crisis. Trump said he had no intent...

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

The fund also slightly lowered its forecast for Japan's economy to 1.1 percent growth in 2018, down 0.1 of a percentage point from an April estimate, but maintained a prediction ...

European Union officials warned to prepare for no-deal Brexit

As manufacturers of cars and other goods warn the Theresa May government of job losses and other impact of Brexit, a report promoted by former prime minister Tony Blair on Thur...

Tech stocks lead Wall Street slump as investors shun risk

Wall Street stocks plunged Wednesday, with major indices losing more than three percent in a selloff prompted by the sudden jump in United States interest rates. The FAANGs, spre...

US market 'correction' isn't surprising - US Treasury secretary

President Donald Trump said he believes "the Fed has gone crazy " amid recent interest rate hikes. The turmoil came a day after the International Monetary Fund slashed its glo...

International Monetary Fund raises Japan growth forecast, cuts global estimate due to trade tension

US President Donald Trump has accused China of deliberately manipulating its currency to gain a trade advantage, claims Beijing consistently rejected. Tobias Adrian, director o...

Yale And NYU Professors Share Nobel In Economics

Responding to press question about this year's prize and climate change , Romer said , "Optimism helps to motivate people". "Darn right they were sending a message", Warsh said...

'The Fed has gone crazy': Trump points finger for Wall Street tumble

It's so tight. I think the Fed has gone insane ", Trump told reporters as he arrived for a campaign rally ahead of the U.S. mid-term elections. A stock market correction is de...

Special Reports

Turkish Official: Saudis Used Bone Saw to Dismember Body of Jamal Khashoggi

Turkish Official: Saudis Used Bone Saw to Dismember Body of Jamal Khashoggi

The Post has obtained video recordings and other evidence showing how a group of 15 Saudi operatives entered the country on October 2, the day Mr. He moved to the U.S. mor...

Saudi Arabia to let Turkey search its Istanbul consulate

Saudi Arabia to let Turkey search its Istanbul consulate

Iran's Oil Minister this week brushed off "nonsense" claims by Saudi Crown Prince Mohammed bin Salman that Saudi Arabia can replace Iranian oil. No security footage has bee...

China stocks rebound as Beijing boosts policy support

China stocks rebound as Beijing boosts policy support

Conglomerate Metro Pacific Investments Corp., however, advanced 4 percent to P4.95, while Globe Telecom Inc., the second-largest telecommunications company, gained 2.6 percent to P...

International Monetary Fund slashes global growth forecasts

In a tweet, Mr Trump warned Beijing against seeking to influence the forthcoming U.S. midterm elections. Pakistan's foreign currency reserves dropped in late September to $8.4...

India hopes for US sanctions waiver after cutting Iran oil imports

India hopes for US sanctions waiver after cutting Iran oil imports

Two companies in India, which in the past have been big buyers or Iranian oil, have ordered barrels in November, according to India's oil minister. The grouping's June decision to ...

US Actively Considering Waivers on Iran Oil Sanctions

US Actively Considering Waivers on Iran Oil Sanctions

Speculators and hedge funds too were active in the market, making most of the volatility. Global benchmark Brent crude futures for December delivery fell 42 cents to settle at $8...

Indian Rupee Exchange Rate | Reserve Bank of India | American Dollar

Indian Rupee Exchange Rate | Reserve Bank of India | American Dollar

Economic Affairs Secretary Subhash Chandra Garg said the GDP growth is expected to be higher than the RBI's projection of 7.4 per cent for the current fiscal. Fed Chairman Jerom...

Oil rises ahead of US Iran sanctions

Oil rises ahead of US Iran sanctions

US West Texas Intermediate (WTI) crude futures were up just 1c at $75.24 a barrel. Brent crude oil futures were at $84.86 a barrel at 3.40am GMT, up 6c from their last clos...

U.S. unemployment rate falls to lowest level since 1969

U.S. unemployment rate falls to lowest level since 1969

But he said the very low unemployment rate also reflected an increase in the number not looking for work, who were not classified as unemployed. The last time the United States ...