Dow Falls 430 Points as Bond Yields Surge and China Tensions Grow

The Russell 2000 index of smaller-company stocks shed 46.45 points, or 2.9 per cent, to 1,575.41. Earlier on Wednesday, Sears Holdings plunged on reports that the struggling retailer is preparing to file for bankruptcy. There have recently been ... More..

by | Published more than a month ago
by | Thursday, October 11, 2018

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

Trump reportedly made the remarks after stepping off Air Force One in Erie, Pennsylvania, where he is due to hold a "Make America Great Again" rally. "They're so tight. Trump has previously voiced his displeasu...More..

Sears preparing for bankruptcy in U.S.
by | Thursday, October 11, 2018

Sears preparing for bankruptcy in U.S.

Where we were: Sears's struggles are nothing new, and have been an overhang for some real estate owners. Sears Holdings Corp is preparing to file for Chapter 11 bankruptcy protection in the coming days, so...More..

by | Thursday, October 11, 2018

U.S. Stocks Fall Sharply, Tech Sector Leads Declines

Losses were fairly broad-based, with tech companies Amazon and Microsoft 6.2 per cent and 5.4 per cent respectfully. The S&P 500 ITI fell by 4.8 percent as a whole and much of that is attributable to th...More..

Downside risks to economy
by | Thursday, October 11, 2018

Downside risks to economy

At a news conference at the International Monetary Fund and World Bank annual meetings in Bali, Obstfeld said Pakistan is facing financing gaps as it has been hit by a large fiscal and current account defic...More..

Google Pixel Slate Release Date, Price & Specs
by | Thursday, October 11, 2018

Google Pixel Slate Release Date, Price & Specs

The Pixel 3 XL's 2880 x 1440 OLED features a large bezel at the bottom, and notch that could be described as "chunky". In fact, both phones are already available for pre-order in the Google Store ahead of th...More..

Rocked by Trump's Sanctions, Iranian Oil Exports Drops Further
by | Wednesday, October 10, 2018

Rocked by Trump's Sanctions, Iranian Oil Exports Drops Further

This comes amid reports that the Trump administration will not completely cut off Iranian oil exports on November 4 - there will be a transition period. Industry and government data on US crude inventories wi...More..

Rupee Tumbles After Pakistan Requests IMF Bailout
by | Wednesday, October 10, 2018

Rupee Tumbles After Pakistan Requests IMF Bailout

On Sunday Pakistan's Prime Minister Imran Khan hinted at approaching the IMF, saying: "We may approach the IMF for support to the country's financial problems", but he insisted on looking toward other count...More..

China Cuts Bank Reserves To Spur Growth
by | Wednesday, October 10, 2018

China Cuts Bank Reserves To Spur Growth

The US is fighting a trade war with China which threatens the outlook for Chinese manufacturing and exports. Celebrations for China National Day ended Friday and over the weekend the People's Bank of ...More..

US, China trade war could dent economic growth
by | Wednesday, October 10, 2018

US, China trade war could dent economic growth

The US will also see its growth "decline" once its fiscal stimulus, delivered through wide-ranging tax cuts "goes into reverse" according to Mr Obstfeld. It left 2018 growth forecasts for the two countries unch...More..

by | Wednesday, October 10, 2018

Indian companies DEFY President Trump by purchasing Iranian Oil despite U.S. sanctions

Oil also dropped as investors focused on rising output from other producers, such as top exporter Saudi Arabia, to compensate for lower Iranian supplies. just wants to display its support for the U.S. sanctions...More..

UChicago Alum, Former Professor Wins Nobel Prize in Economics
by | Tuesday, October 09, 2018

UChicago Alum, Former Professor Wins Nobel Prize in Economics

The social cost of carbon should be spread fairly. "Many people think that dealing with protecting the environment will be so costly and so hard that they just want to ignore the problem", Romer said. Many ...More..

Iranian oil exports drop further
by | Tuesday, October 09, 2018

Iranian oil exports drop further

A second round of sanctions targeting Iran's oil sector is due to go into effect on November 5. India and Turkey have also dismissed the unilateral American measures. This would be a hugely controversial move a...More..

Last orders as Tokyo's Tsukiji market relocates
by | Tuesday, October 09, 2018

Last orders as Tokyo's Tsukiji market relocates

After Saturday's final day of operations, Tsukiji's inner market will move to Toyosu, a site in eastern Tokyo , where operations will begin on October 11. Its early morning tuna auctions, of which the last too...More..

IMF says Pakistan has not approached fund for deal
by | Tuesday, October 09, 2018

IMF says Pakistan has not approached fund for deal

Economic growth may accelerate 7 percent in 2023, International Monetary Fund said in its World Economic Outlook 2018, which was released on the Indonesian resort island of Bali on Tuesday. On Monday, the c...More..

Oil prices steady after Iranian exports fall further
by | Tuesday, October 09, 2018

Oil prices steady after Iranian exports fall further

Washington is pushing allies to cut imports of Iranian oil to zero and will impose a new round of sanctions on Iranian oil sales in November. But Iran, OPEC's third-largest producer, has repeatedly announce...More..

U.S. and UK Governments Back Denial of Supermicro Story
by | Monday, October 08, 2018

U.S. and UK Governments Back Denial of Supermicro Story

On Thursday, Bloomberg Businessweek claimed that tiny spy chips were secretly installed in servers of nearly 30 American companies, including a major bank, government contractors and Apple and Amazon. Apple...More..

USA reconsiders 'zero tolerance' policy on Iran oil imports
by | Monday, October 08, 2018

USA reconsiders 'zero tolerance' policy on Iran oil imports

Refiners have already announced purchases of oil from Iran for November at levels nearly similar to those in October, despite the start of the sanctions on the 4 November. Iran has warned that if it can not sel...More..

Facebook message about your account being cloned is a hoax
by | Monday, October 08, 2018

Facebook message about your account being cloned is a hoax

Your Facebook account has not been hacked or cloned and has not been sending out friend requests. The attackers were then able to steal access tokens that could be used to take over someone's account. please fo...More..

Petrol, diesel prices start rising again
by | Monday, October 08, 2018

Petrol, diesel prices start rising again

The move to bring down domestic fuel prices came amid worldwide crude oil rates soaring to 2014 highs in the past few days. Mumbai: Petrol and diesel prices on Sunday has witnessed a fresh hike. The red...More..

Million pounds of beef recalled due to salmonella outbreak
by | Monday, October 08, 2018

Million pounds of beef recalled due to salmonella outbreak

The first store receipt potentially linking the purchase of FSIS-regulated product to a case-patient was received on 19 September; FSIS was then able to begin traceback of ground beef products. Don't eat raw or...More..

Unilever cancels planned move to Rotterdam after Brexit
by | Monday, October 08, 2018

Unilever cancels planned move to Rotterdam after Brexit

The climbdown comes three weeks ahead of a vote on the plan and is a significant victory for United Kingdom shareholders big and small who opposed the move, which would have kicked the maker of Dove soap and Be...More..

India buying Iran oil in defiance of Trump sanctions
by | Monday, October 08, 2018

India buying Iran oil in defiance of Trump sanctions

Price gains this week were limited by Saudi Arabia and Russia's saying they would raise output to at least partly make up for expected disruptions from Iran, Opec's Number 3 producer, due to the United States...More..

Part-time job gains drive up September job numbers
by | Sunday, October 07, 2018

Part-time job gains drive up September job numbers

On an industry basis, more people are working in construction - up 28,000 positions in September, offsetting declines in the previous two months - agriculture, finance, insurance, and real estate. Over the year...More..

Higher U.S. Treasury Yields to provide further boost to the greenback
by | Sunday, October 07, 2018

Higher U.S. Treasury Yields to provide further boost to the greenback

As a result, a Fed hike in December is now put at an 8 in 10 chance, while investors lifted expectations for how high rates may eventually go. Retailers also declined and Amazon gave up 1 per cent to $1,889.6...More..

by | Sunday, October 07, 2018

Unemployment falls to lowest level since 1969 as economy adds 134000 jobs

Job growth has accelerated this year after decelerating in three prior years. The health of the U.S. economy and reinforced rate rise expectations helped to trigger the sell-off in Treasuries, sending the yield...More..

Rupee Drops 44 Paise To Hit New low of 73.77 Against USD
by | Sunday, October 07, 2018

Rupee Drops 44 Paise To Hit New low of 73.77 Against USD

In line with our expectations, the yield curve has relatively turned flattish, we expect fair value of 10 year G-sec at 8.4 per cent. "The rupee has extended losses today as the RBI monetary policy meet...More..

by | Sunday, October 07, 2018

Dollar scales 11-month peak on yen as USA yields surge

Jeffrey Gundlach, chief executive of Doubleline Capital, told Reuters on Thursday that the 30-year U.S. Treasury bond yield has broken above a multi-year base, which should lead to significantly higher yields...More..

Merced retail store to close following corporate bankruptcy
by | Sunday, October 07, 2018

Merced retail store to close following corporate bankruptcy

The restructuring of the largest U.S. mattress retailer comes as its parent Steinhoff fights for survival after revealing multi-billion euro holes in its balance sheet that wiped more than 90% off its market va...More..

Oil prices rise, supported by U.S
by | Sunday, October 07, 2018

Oil prices rise, supported by U.S

This situation essentially leaves Saudi Arabia, the world's only swing producer, powerless to prevent a supply shock and subsequent price spike to $100 in the final quarter of this year. He added, "But let's be...More..