Money

Money Venezuela sanctions leave oil market short of heavy crude
Author: 0 Venezuela sanctions leave oil market short of heavy crude

Brent crude futures continue to track higher with bulls eying a break above the 2019 peak ($63.63/bbl). Analysts said markets are tightening amid voluntary production cuts led by the Organization of the Petroleum Exporting Countries ( OPEC ) and because of US sanctions on Venezuela and Iran.

Money Lufthansa Sues Passenger Who Deliberately Missed Flight
Author: 0 Lufthansa Sues Passenger Who Deliberately Missed Flight

But on the way home he missed his flight from Frankfurt to Oslo, according to a report from CNN , opting instead to book another ticket from Frankfurt to Berlin. Lufthansa is set to take legal action against a passenger who did not complete the final leg of a flight in a crackdown on "tariff abuse". In the German case, an unnamed male passenger booked a round-trip Lufthansa Airlines flight from Oslo to Seattle with a layover in Frankfurt in April 2016, CNN reported, citing court ...

Author: 0 Retail inflation cools further to 2.05% in January on easing food prices

Retail inflation stood at 2.05 percent in January 2019 compared with a revised 2.11 percent in December 2018, according to data by the Ministry of Statistics and Program Implementation. Growth in the mining sector declined 1%. Prime Minister Narendra Modi, who faces tough general elections by May, has announced an annual transfer of 750 billion rupees ($11 billion) to millions of farmers, and tax benefits for the middle class, which many economists say could spur both consumer spending and ...

Money Apple iPhone sales fall by 20 percent
Author: 0 Apple iPhone sales fall by 20 percent

The decline meant Apple's marketshare fell from 12.9 percent a year earlier to 11.5 percent. "The imbalance between the increasingly severe domestic market environment and Apple's high product unit price has led to the declines of iPhone shipments in Chinese market", IDC said in the Chinese-language research report shared on its official WeChat account.

Money Tencent invest $150m in Reddit pushing its value to $3b
Author: 0 Tencent invest $150m in Reddit pushing its value to $3b

Tencent invested $150 million. Both Snap and Reddit are banned in China, along with Facebook , Google and Twitter . Reddit has more than 330 million average monthly active users. Its last funding was on August 1, at a valuation of around $1.8 billion. Chinese authorities also blocked references to the date of Tiananmen Square Massacre such as "4 June" and "six four".

Money OPEC Report Shows Iran's Oil Production And Exports Down In January
Author: 0 OPEC Report Shows Iran's Oil Production And Exports Down In January

While the region, which accounts for about half of the world's refining capacity, is still able to source oil, it's becoming harder to get hold of the grades of crude that many Asian refiners prefer. "But the news about Saudi Arabia is pretty significant, so the market is reacting to that more so than anything else right now". IEA figures show Venezuala's output dropping by roughly 30,000 barrels per day to 1.26 mbd.

Money Why Elon Musk's Tesla Mannequin Y Might Dominate SUV Market
Author: 0 Why Elon Musk's Tesla Mannequin Y Might Dominate SUV Market

The operations at Norway are being closely watched by the Tesla CEO himself, as they have the world's highest number of electric cars per inhabitant. Whereas Tesla is a model of luxurious electrical automobiles, the Model Y has been confirmed to have a lower cost than the corporate's different choices.

Money Man claims lottery jackpot wearing 'Scream' mask to hide identity
Author: 0 Man claims lottery jackpot wearing 'Scream' mask to hide identity

Campbell , was pictured receiving his enormous cheque and shaking hands with lottery bigwigs while wearing the iconic mask from the Scream film franchise. "Sure enough they wrote me the one dollar cheque and had me hold it up and took the picture", Heep said. "My head hurt me for three days because I was thinking so much".

Money After Record Results, Activision Blizzard Will Lay Off Nearly 800 Employees
Author: 0 After Record Results, Activision Blizzard Will Lay Off Nearly 800 Employees

The stock fell 7% alone yesterday as traders flee the gaming giant. During previous trade 19.28 Million shares of Activision Blizzard (NASDAQ: ATVI ) exchanged hands whereas on average nearly 11.99 Million shares has been traded. Activision Blizzard ( ATVI ) closed with down change of -1.25% at $43.41 during Friday trading period. ATVI's ROE is 5.7%, which is also considerably worse than the industry's ROE of 20.34%.

Money Mnuchin in Beijing for crunch US-China trade talks
Author: 0 Mnuchin in Beijing for crunch US-China trade talks

US officials have said March 1st is a hard deadline, but President Trump has suggested a possible extension if progress was being made. A new round of trade talks between the USA and China begins in Beijing this week, with both sides hoping to reach a trade deal by the end of this month.

Money Jody Wilson-Raybould resigns from Trudeau's cabinet
Author: 0 Jody Wilson-Raybould resigns from Trudeau's cabinet

It's highly likely that the issue was discussed by the prime minister and senior cabinet members, but that's not unusual given the possible ramifications if SNC-Lavalin has the book thrown at it for influence peddling and bribery on foreign soil.

Money Post-Brexit ex-pat residency deal struck with non-EU nations
Author: 0 Post-Brexit ex-pat residency deal struck with non-EU nations

Mrs Leadsom, an ardent Leaver, said she would stay in the Cabinet to help Mrs May deliver Brexit and denied that the PM was softening her stance over a customs union in a letter to Mr Corbyn. At the meeting, Department for Trade officials were probed on the pledge by Mr Fox that he would sign free trade agreements to replicate the EU's 40 existing deals with countries around the world.

Money Facebook told to limit data collection on its users
Author: 0 Facebook told to limit data collection on its users

According to the tech giant, the Federal Cartel Office has misunderstood Facebook's compliance with the EU's General Data Protection Regulation ( GDPR ) privacy law, which went into effect a year ago. " The Tyee is now reporting that Facebook has told them that RBC had the capacity to read, write and delete private messages of Facebook users who were using the banking app ".

Author: 0 Canada's jobless rate edges higher to 5.8 pct in January

So despite the data being "bullish for the Canadian dollar", he said, the Bank of Canada is likely to wait until the second half of 2019 before raising its key lending rate - after several hikes in the past 18 months from a near-record low.

Money National Pizza Day 2019: Where to find free and cheap pizza today
Author: 0 National Pizza Day 2019: Where to find free and cheap pizza today

Download the Pilot Flying J mobile app and you'll get an offer good for a free slice of pizza at Pilot Flying J travel centers through Sunday, February 10. Chuck E. Cheese : Chuck E. Cheese is celebrating the holiday by upgrading any large pizza to an XL for free from February 4-9. The deal last until February 17.

Money Industrial estate evacuated after Ocado warehouse blaze
Author: 0 Industrial estate evacuated after Ocado warehouse blaze

It said that due to concerns over the presence of pressurised refrigerants at the site, the police conducted a limited evacuation of the immediate area on Wednesday evening. "This is obviously a awful event and thankfully no one has been hurt, although some firefighters have been treated for smoke inhalation". More than 300 firefighters were tackling the blaze on Wednesday afternoon, after it was declared a major incident.

Money Amazon invests in autonomous vehicle startup Aurora
Author: 0 Amazon invests in autonomous vehicle startup Aurora

Amazon.com, Inc. (NASDAQ: AMZN ) joined with capital venture firm Sequoia and T. Rowe Price Group Inc (NASDAQ: TROW ) to invest $530 million in self-driving vehicle startup Aurora Innovation according to Aurora's press release on Medium.

Money Jaguar stutters to £3.4bn loss after demand stalls
Author: 0 Jaguar stutters to £3.4bn loss after demand stalls

It added that the investment in new models and technology remains high this year because of the weak sales, that sharply contrasts with the expectations that the British vehicle maker would break even. The company had reported a net profit of Rs 1,214.6 crore in the October-December quarter of 2017-18. JLR's revenue , however, declined 1 per cent to 6.2 billion pounds.

Money Twitter Stock Plunges on Weak Forecast
Author: 0 Twitter Stock Plunges on Weak Forecast

While the new figure reveals Twitter's lesser size in comparison with other social networks, the number of daily users continues to grow, with a 9 percent increase in daily active users compared with the same period previous year. Investors aren't typically so keen on such big bumps in spending. It's likely that much of Twitter's mDAU growth is coming from Japan, the platform's second largest market.

Money Huawei is Open to EU Supervision - says Executive in Speech
Author: 0 Huawei is Open to EU Supervision - says Executive in Speech

Huawei, the global networks market leader with annual sales exceeding US$100 billion, faces worldwide scrutiny over its ties with the Chinese government and suspicion that Beijing could use its technology for spying. July's report identified what it called technical problems which limited security researchers' ability to check internal product codes and concerns about the security of third-party components from a USA supplier.

Money Amazon may drop plan for New York HQ after local opposition
Author: 0 Amazon may drop plan for New York HQ after local opposition

According to Amazon's press release, the company will also receive "performance-based direct incentives of $1.525 billion" for the creation of the jobs. The Spheres is an Amazon work site in Seattle. Amazon can see its grasp on $2.808 billion in subsidies slipping away. Such is not the case with the state Senate, however.

Money Bezos Says National Enquirer Tried to Blackmail Him With Intimate Photos
Author: 0 Bezos Says National Enquirer Tried to Blackmail Him With Intimate Photos

He launched an investigation into how private text messages between him and Lauren were obtained by the magazine and "to determine the motives for the many unusual actions taken by the Enquirer ". Bezos's investigation, Mr. Bezos said. "In the AMI letters I'm making public, you will see the precise details of their extortionate proposal", Mr Bezos wrote.

Money RBI makes surprise cut in interest rate, home loans could get cheaper
Author: 0 RBI makes surprise cut in interest rate, home loans could get cheaper

The Reserve Bank of India (RBI) on Thursday unexpectedly lowered interest rates and, as anticipated, changed its policy stance to "neutral" to boost a slowing economy after a sharp slide in the inflation rate. The repo rate is the rate at which the Reserve Bank lends short-term money to the banks, while the reverse repo rate is the rate at which the central bank borrows money from commercial banks.

Money Oil falls 1 percent as supply concerns fade
Author: 0 Oil falls 1 percent as supply concerns fade

Oil steadied on Thursday as growing expectations that global supply could fall significantly short of demand this year lent support, offsetting the negative impact of a rise in US inventories. West Texas Intermediate crude for March delivery slipped 0.4 percent to $53.81 a barrel on the New York Mercantile Exchange as of 10:50 a.m. London time.

Money Crude Oil Price Lower But Remains Range Bound
Author: 0 Crude Oil Price Lower But Remains Range Bound

The recent downswings in the crude oil market have been highly correlated with the release of the bearish economic data. In fact, the USA sanctions were already curtailing Venezuelan crude oil exports, pushing the country's beleaguered oil industry closer to collapse, The Wall Street Journal reported Monday .

Money China trade deal needs structural change to end theft of U.S. jobs
Author: 0 China trade deal needs structural change to end theft of U.S. jobs

The study also underlines that while some countries will see a surge in their exports, negative global effects are likely to dominate. But the Obama administration and others before it, Sheets said, declined the offers of state-directed purchases in favor of urging China needed to move "away from central planning".

Money HMV stores in Bluewater and Tunbridge Wells set to close after takeover
Author: 0 HMV stores in Bluewater and Tunbridge Wells set to close after takeover

Putnam, the owner of toy and games distributor Everest Toys, said however that physical music and entertainment formats had a future, and he would aim to replicate the success of Sunrise Records, which he bought in 2014. We get fantastic support, which is great. Management professor Christian Stadler of Warwick Business School says that while it is "excellent" news for those who prefer to buy their music from a shop, rather than streaming or online, it would be foolish to think there is ...

Money Tesla buys Maxwell Technologies for its ultracapacitor secrets
Author: 0 Tesla buys Maxwell Technologies for its ultracapacitor secrets

That's perhaps unsurprising, since Maxwell's market capitalization, recently around $211 million, represents a tiny fraction of Tesla's, which is above $50 billion. Maxwell sells ultracapacitor cells to General Motors and Volkswagen AG subsidiary Lamborghini. That's considered fast charging, a hallmark of the Tesla brand.

Money Google parent company reports impressive growth in Q4 and FY 2018
Author: 0 Google parent company reports impressive growth in Q4 and FY 2018

Analysts polled by FactSet were expecting earnings per share of $10.86, or a profit of $7.6 billion, on revenue of $38.9 billion. Little is known about the finances of YouTube , Google's homegrown smartphones and other hardware, its cloud-computing operation, and potentially promising experiments such as driverless cars.

Money Canadian cryptocurrency exchange QuadrigaCX seeks creditor protection after founder's death
Author: 0 Canadian cryptocurrency exchange QuadrigaCX seeks creditor protection after founder's death

Robertson, who is also his estate's executor, also announced that Quadriga has put new limits on daily withdrawals, trying to keep pace with demand and resolve transaction problems that lingered through much of previous year. The founder held " sole responsibility for handling the funds and coins " and no other members of the team could access the stored funds, she added.