Money

by | June 24, 2018 | 21:21

At the last MPC meeting, seven of the nine members voted to keep rates on hold. Short-dated government bond yields jumped on the news and sterling rallied by more than half a cent against the USA dollar on the prospect of tighter monetary policy.

by | June 24, 2018 | 21:14

However, the key part of the agreement are the relief measures that should allow the Greek debt, which is close to 180 per cent of GDP, to be sustainable and the markets to regain confidence in Athens' ability to honour their commitments. Mr Centeno said that under the deal, Greece could delay back repayment on billions in loans by 10 years, giving it a financial breather, while stricter deadlines could have further choked the economy over the next decade.

by | June 24, 2018 | 20:00

Its parent company, Helios and Matheson Analytics, said in a filing with the Securities and Exchange Commission on Thursday that MoviePass' monthly losses soared to $40 million in May because of its subscriber growth ( it passed 3 million this month).

by | June 24, 2018 | 19:15

Over those years, Greece twice got perilously close to being kicked out of the eurogroup, EU Commissioner Pierre Moscovici said. "This is it, we have managed to deliver a soft landing of this long and hard adjustment". The eight-year crisis toppled four governments and shrank the economy by 25 per cent. Unemployment soared and still hovers over 20 per cent, sending thousands of young educated Greeks overseas.

by | June 24, 2018 | 15:02

Iraq said the real increase would be around 770,000 bpd because several countries that had suffered production declines would struggle to reach full quotas. Saudi Energy Minister Khalid al-Falih said on Thursday the world needed at least an extra 1 million bpd to avoid a shortage in the second half of 2018.

by | June 24, 2018 | 11:02

He said the move would be in retaliation for China's decision to raise tariffs on $50 billion in USA goods. Mr Trump launched the investigation last month, ordering the Commerce Department to determine if vehicle imports are a risk to national security.

by | June 24, 2018 | 10:05

Last year's event ran about 30 hours, with the 2018 sale marking the third year since Amazon launched Prime Day in 2015. Amazon's day (and a half) of deals may be less than a month away. A year ago we saw Prime available with a £20/$20 discount for a limited time before the day itself. Consumers can expect discounts on Prime membership in the days leading up to Prime Day .

by | June 23, 2018 | 18:30

European carmakers' shares fell sharply after U.S. President Donald Trump threatened to impose a 20-per-cent tariff on all European Union-assembled cars coming into the United States, if EU "tariffs and trade barriers" are not removed. "Oil is the bigger story today with the OPEC news", he said. Subsequently, WTI and Brent crude futures rose with the latter briefly above $75/bbl, given that markets had feared that OPEC would agree a larger production, while the 1mln bpd increase will likely ...

by | June 23, 2018 | 13:55

OPEC's deal to release more supply centres on returning to 100 percent compliance with existing, agreed cuts. In earlier reports on the swap deal, an Iraqi oil official had said the initial flow of Kirkuk oil to Iran would be 30,000 bpd , but could rise to 60,000 bpd within a year-the initial duration of the deal-which the sides agreed could be extended.

by | June 23, 2018 | 13:20

Last week, the US levied tariffs of 25 percent on $50 billion of Chinese goods. "Attitudes seem to be hardening". The Trump tariffs, which the U.S. government says are punishment for intellectual property theft, will be enacted in two waves.

by | June 23, 2018 | 08:51

Edibles, or cannabis-infused foods, will not be immediately available for purchase but will be within a year of the bill coming into force. Trudeau's Liberal government introduced legislation previous year in a bid to make Canada the second country in the world to legalise cannabis, after Uruguay .

by | June 23, 2018 | 06:57

MSCI's Emerging Market index is tracked by about $2 trillion in active and global funds. Apertura explained that the frontier market index has 110 companies from 29 countries available to invest, whereas the emerging market index has a whopping 830 companies from 24 countries.

by | June 23, 2018 | 02:44

NY and California's rules are more complex, and they've sought to increase sales tax collection by using broader definitions of what it means to do business in their borders. The ruling came on a 5-4 majority decision with Justices Anthony Kennedy , Clarence Thomas, Ruth Bader Ginsburg, Samuel Alito and Neil Gorsuch voting in favor, with John Roberts voting against along with Stephen Breyer, Sonia Sotomayor and Elena Kagan.

by | June 22, 2018 | 13:57

The European Union slapped revenge tariffs on iconic U.S. products including bourbon, jeans and motorcycles on Friday in its opening salvo in a trade war with President Donald Trump . Canada has announced it will impose retaliatory tariffs on C$16.6 billion (RM50 billion) worth of United States exports from July 1. The tariffs, which took effect at midnight, further fuelled jitters on world stock markets that were already alarmed by trade tensions between the United States and China .

by | June 22, 2018 | 13:26

More important to Saudi Arabia than extra petrodollars is containing Iran, its arch-nemesis. Falih said that recent production outages in Venezuela, Libya, and Angola have already reduced global supplies by about 1 million barrels a day.

by | June 22, 2018 | 11:37

European Union steel and aluminium exports now facing USA tariffs are worth a total of 6.4 billion euros (RM29.6 billion). U.S. Commerce Secretary Wilbur Ross in a television interview Thursday defended the Trump administration's decision to impose tariffs, saying the United States' actions are a defense against years of "bad practice".

by | June 22, 2018 | 05:40

The world faces likely lower oil exports from Iran , Opec's third-biggest producer, after US President Donald Trump pulled out of a 2015 nuclear accord with a vow to renew sanctions against Tehran. Their proposal would share out a quota increase of 1 million barrels a day between all members of the group. Brent crude, the global oil benchmark, was down 1.6% on the day, at $73.54 a barrel, on London's Intercontinental Exchange.

by | June 22, 2018 | 02:28

The Supreme Court's ruling was praised by a number of retail groups, organizations representing state and local governments, right-leaning think tanks such as the Tax Foundation and American Enterprise Institute, and a bipartisan group of lawmakers.

by | June 22, 2018 | 02:29

It said Beijing also was scrapping agreements to narrow its multibillion-dollar trade surplus with the United States by purchasing more American farm goods, natural gas and other products. "The escalation of [the] US-China conflict is happening during the most critical period of China's deleveraging and de-risk efforts", said JPMorgan's Zhu.

by | June 21, 2018 | 13:27

She called the EU's response "measured, proportionate and fully in line with WTO rules". "Needless to say, if the U.S. removes its tariffs, our measures will also be removed". The former reality TV star is fighting a trade war on multiple fronts, with China also promising swift retaliation after the United States threatened to impose levies on a further £151bn ($200bn) of Chinese goods.