'Flash-crash' hits Asia currency markets on Thursday morning

USA stock futures pointed to another rough start on Wall Street, with Nasdaq E-mini futures down 2.6 percent and S&P 500 E-mini futures off 1.6 percent. In early Asian trade, the dollar tumbled to an intra-day low of 104.96 yen, its lowest since ... More..

by | Published 13 days ago
Drug firm Bristol-Myers Squibb buys U.S. rival Celgene in $74bn deal
by | Saturday, January 05, 2019

Drug firm Bristol-Myers Squibb buys U.S. rival Celgene in $74bn deal

New York-based pharmaceutical giant Bristol-Myers Squibb on Thursday announced it would buy United States biotech firm Celgene in a $74 billion cash-and-stock deal, instantly creating a rival to the world's l...More..

Delta to sell products in United States dollars
by | Saturday, January 05, 2019

Delta to sell products in United States dollars

Sources say the minister of Industry and Commerce Mr Mhangaliso Ndlovu will meet the Delta officials this Friday after a directive from President Emmerson Mnangagwa who had to cut short his annual leave to solv...More..

Marriott Says Data Hack Smaller Than Assumed, Hit 5.25 Million Passports
by | Saturday, January 05, 2019

Marriott Says Data Hack Smaller Than Assumed, Hit 5.25 Million Passports

When the breach was first announced, Marriott had stated that there was unauthorized access to the Starwood reservation database since 2014 and that these third-parties had access to data such as passport numbe...More..

Shutdown could delay IRS tax refunds
by | Saturday, January 05, 2019

Shutdown could delay IRS tax refunds

As you might have guessed, it's not great news. Once the IRS does begin accepting tax returns, you should have the ability to mail them in or submit them online even if the government shutdown persists. Nea...More..

Metro Vancouver home sales plummet to 19-year low
by | Saturday, January 05, 2019

Metro Vancouver home sales plummet to 19-year low

Last year's sales were the lowest since 2000, when 21,950 properties changed hands. Nationally, experts have said higher interest rates and a new mortgage stress test have also had an impact on property price...More..

Apple admits it is going to miss iPhone sales
by | Saturday, January 05, 2019

Apple admits it is going to miss iPhone sales

Cook said Apple did not foresee the magnitude of the economic deceleration in China, despite expecting some challenges in key emerging markets. Apple has shaken the business world by lowering its sales and re...More..

USA national debt rises $2 trillion under Trump
by | Friday, January 04, 2019

USA national debt rises $2 trillion under Trump

In response to the unusual imagery of the President flanked by four bald men, Twitter users went to work in making jokes. "I don't call it a shutdown ", Trump said. Amid the ongoing government shutdown and alm...More..

United States jobs report boosts stock market
by | Friday, January 04, 2019

United States jobs report boosts stock market

Powell also told the outlet that, even if he's asked, he will not resign. The Dow Jones Industrial Average rose 746.94 points, or 3.3 percent, to close at 23,433.16, the S&P 500 gained 84.05 points, or 3.4 pe...More..

by | Friday, January 04, 2019

China confirms trade talks with USA beginning Monday

The US team will be led by Deputy US Trade Representative Jeffrey Gerrish and will discuss "implementing the important consensus" reached by Trump and Chinese President Xi Jinping at the sidelines of the G20...More..

Lottery victor lands £114.9m in New Year’s Day EuroMillions
by | Friday, January 04, 2019

Lottery victor lands £114.9m in New Year’s Day EuroMillions

A senior winners' adviser at The National Lottery , Andy Carter, said: "Imagine kicking off the new year with an extra £114M to your name". Ten other players have also won £1m each in the New Year's Day draw...More..

by | Friday, January 04, 2019

John Lewis Christmas Eve sales end year with a boost

John Lewis reported very strong sales on Christmas Eve itself - which was included in the last week of trading - as customers bought last-minute gifts. John Lewis has experienced volatile trading over recent we...More..

Brexit minister says PM's plan is only 'workable deal' available
by | Friday, January 04, 2019

Brexit minister says PM's plan is only 'workable deal' available

Prof Bale went on: "Tory members' dislike for the PM's deal really comes out when we asked about a referendum in which the choice came down to her deal or no-deal". "Meanwhile, those members are convinced by a ...More..

BC housing market showing signs of moderation: Assessment agency
by | Friday, January 04, 2019

BC housing market showing signs of moderation: Assessment agency

In Kitimat, the terminus of a planned LNG megaproject, increases are above 20 per cent. An average single-family home in West Vancouver fell 12 per cent in 12 months, from just under $3.2 million in July 2017 t...More..

Oil rises to $57 on China-U.S. trade talks, OPEC cuts
by | Friday, January 04, 2019

Oil rises to $57 on China-U.S. trade talks, OPEC cuts

U.S. West Texas Intermediate (WTI) crude oil futures were at $45.83 per barrel at 0120 GMT, down 71 cents, or 1.5 percent, from their last settlement. Global benchmark Brent will remain at around last year's lo...More..

Qualcomm pays $1.5bn to ban some iPhone sales in Germany
by | Friday, January 04, 2019

Qualcomm pays $1.5bn to ban some iPhone sales in Germany

When contacted by Reuters on Thursday, a spokesman for Apple in Germany, in e-mailed comments, reiterated the group was planning to appeal and that during the appeal process iPhone 7 and 8 models would not ...More..

China trade delegation to meet Monday, Tuesday
by | Friday, January 04, 2019

China trade delegation to meet Monday, Tuesday

Jeffrey Gerrish, the United States deputy trade representative will lead the delegation travelling from Washington to China. The US and China have exchanged tit-for-tat tariffs on more than $300bn worth...More..

Airports buy new anti-drone system to match military
by | Friday, January 04, 2019

Airports buy new anti-drone system to match military

Passengers wait at the North Terminal at London Gatwick Airport , south of London, on 20 December 2018 after all flights were grounded due to drones flying over the airfield. The Israeli-developed Drone Dome s...More..

Apple shares tumble as firm blames sales slump on China slowdown
by | Friday, January 04, 2019

Apple shares tumble as firm blames sales slump on China slowdown

Apple has revealed its takings are expected to be much lower than predicted during the crucial run up to Christmas, as demand for iPhones wanes. "The iPhone has been supporting the company for than a d...More..

No end to oil price volatility as supply, economic fears persist
by | Friday, January 04, 2019

No end to oil price volatility as supply, economic fears persist

Crude oil futures Wednesday eased by Rs 30 to Rs 3,147 per barrel as speculators were engaged in reducing their exposure amid a weakening trend overseas. Making matters worse, when the sanctions officially snap...More..

China confirms USA trade talks in Beijing next week
by | Friday, January 04, 2019

China confirms USA trade talks in Beijing next week

Kevin Hassett , the current Chairman of the Council of Economic Advisers, has a position that makes him one of President Donald Trump's top economic advisors. As Hastert continued to talk up Trump's pressure ...More..

Is it the China slowdown or is it just Apple?
by | Friday, January 04, 2019

Is it the China slowdown or is it just Apple?

The ongoing US-China trade spat has also played its part in driving down Apple sales in the country, Cook stated, citing " the climate of mounting uncertainty " over the back-and-forth between Washington ...More..

$16-million winning Lotto 6/49 ticket sold in Calgary
by | Friday, January 04, 2019

$16-million winning Lotto 6/49 ticket sold in Calgary

Time is running out for one lottery victor who purchased a winning ticket worth $1-million one year ago. BCLC staff are also waiting to hear from the victor of a $39-million Lotto Max jackpot that was won in ...More..

Electric Cars on Course to Be the New Normal In Norway
by | Friday, January 04, 2019

Electric Cars on Course to Be the New Normal In Norway

It must be noted that hybrids are not included in the sales figures listed above. Those who purchase electric vehicles in Norway are entitled to tax exemptions and a number of perks such as free public parkin...More..

Union sues GM, says laid-off workers should replace temps
by | Friday, January 04, 2019

Union sues GM, says laid-off workers should replace temps

The UAW said that there are about 1,000 seniority employees on layoff nationwide, including 690 employees that were laid off at the Lordstown Ohio Assembly Plant, which was one of several plants GM announced wo...More..

Lawsuit erases $22M in student loan debt for thousands of Arizonans
by | Friday, January 04, 2019

Lawsuit erases $22M in student loan debt for thousands of Arizonans

CEC also agreed to pay $5 million to the states themselves, with Iowa receiving $257,142.86. Kansas Attorney General Derek Schmidt says it is part of a settlement reached Thursday with Career Education Corpor...More..

Kansas ranks 5th in nation for people moving from state
by | Friday, January 04, 2019

Kansas ranks 5th in nation for people moving from state

Other reasons for the high percentage of moves to the Mountain West in 2018 include retirement (28.1 percent), proximity to family (20.8 percent) and lifestyle change (19.4 percent). MA 8. Iowa 9. New Jersey ...More..

Oil prices decline on oversupply, volatile markets
by | Friday, January 04, 2019

Oil prices decline on oversupply, volatile markets

The oil price rallied yesterday as signs emerged that the Opec cartel is making good on its pledge to lower production targets. Brent for March settlement rose $1.75 to $55.55 a barrel on the London-based ICE...More..

RBI said to scale down printing of Rs 2000 note to minimum
by | Friday, January 04, 2019

RBI said to scale down printing of Rs 2000 note to minimum

Its introduction was criticised as it went against one of the stated objectives of demonetisation , which was to prevent hoarding of black money through high denomination notes. Uday Kotak on note ban exercise...More..

Krispy Kreme delivers doughnuts to officers mourning pastry loss
by | Thursday, January 03, 2019

Krispy Kreme delivers doughnuts to officers mourning pastry loss

The department posted an image of officers mourning the loss of the truck with the caption, "No words". Police departments across the country offered their condolences. The Toledo Police had some words of encou...More..