Money

by | October 14, 2018 | 08:26

Mega Millions tickets cost $2 per play and there are a total of nine ways to win a prize, ranging from the jackpot down to $2. It was the 22nd consecutive draw without anyone matching all six numbers. After Tuesday's picks this week, the jackpot climbed $78 million after no one matched all six numbers. The Powerball jackpot is also on the rise. The last Powerball victor matched the numbers on August 11.

by | October 13, 2018 | 21:55

Nine stores are planned in the region over a 10 year period. The store will directly employ around 1000 people while another 1500 will be employed indirectly. The ground-breaking ceremony happened today, and was attended by the Honorable Deputy Chief Minister of Karnataka, Dr. G. Parameshwara, Peter Betzel, CEO , IKEA India, IKEA suppliers, coworkers and many other distinguished guests.

by | October 13, 2018 | 19:00

It was at least the third time that the president has criticised Fed policy since taking office. USA presidents have rarely criticised the Fed in recent decades because its independence has been seen as important for economic stability. As the economy heats up, pushing prices higher the central bank raises rates to prevent inflation from gaining hold. There is no indication that the current or projected interest rates are affecting US economic growth.

by | October 13, 2018 | 12:27

Thirty million people have been affected by a massive hack of Facebook, with the attackers gaining access to millions of victims' highly sensitive personal data. But the software bugs made user information vulnerable from July 2017 to September 2018. Facebook said it will send customized messages in the coming days to affected users to explain what information the attackers accessed and how they can protect themselves, including from suspicious emails, text messages or calls.

by | October 13, 2018 | 12:02

Singapore Airlines Ltd SIAL.SI is poised for a major boost to its US footprint from Thursday evening as it resumes, after five years, the world's longest commercial flight - a near-19 hour non-stop from Singapore to NY. The revamped model consumes 25 per cent less fuel than aircraft of a similar size and performance, according to Maria Luisa Lucas Ugena, Airbus's head of A350 product marketing.

by | October 13, 2018 | 10:33

The report also says external options are also being considered. James Murdoch is the son of billionaire media mogul Rupert Murdoch and joined Tesla's board after years of working in media. His brother Lachlan Murdoch will become CEO of "New Fox". Tesla Chief Executive Officer Elon Musk tweeted Friday that the brand would be coming soon.

by | October 12, 2018 | 22:55

China's September exports rose a solid 14.5 percent from a year earlier, well above expectations despite wider application of US tariffs and signs of shrinking export orders for Chinese companies. "If China wants the surplus to come down, they have to embark on structural reforms". And Huo Jianguo, a trade expert at the Center for China and Globalization in Beijing , tells the Post that Trump might want to rethink his trade strategy when he sees that the trade deficit with China has only ...

by | October 12, 2018 | 20:40

The Nasdaq composite, which has a high concentration of technology companies, suffered its biggest loss in more than two years and has dropped nearly 8 percent since the start of October. And there is still an overhang from the USA trade dispute with China, which accounts for sizeable portions of some tech companies' revenue. Washington has imposed tariffs on tens of millions of dollars of Chinese exports and Beijing has responded with similar retaliatory taxes on imports of US goods.

by | October 12, 2018 | 17:01

President Donald Trump's 24-hour bashing of the Federal Reserve is unlikely, for now, to shake the central bank's standing among its two key constituencies that matter more: financial markets and Congress. Yet other factors, which might have more direct implications for US monetary policy, were also said to have played a part. The US slump, which amounted to a market value loss of over £800bn, had followed shallower falls across much of Europe.

by | October 12, 2018 | 15:45

I caught up with her in Brussels and asked her if she thought the Prime Minister had got the message. Her intervention came as Mrs May met Cabinet ministers in Downing Street to brief them on the progress in the Brexit negotiations. Such an arrangement would all but end May's chances of securing free trade deals with other countries. 'An bad lot depends on the talks in the coming days'.

by | October 12, 2018 | 15:35

The IMF had, in a publication last week, noted that South-east Asia's largest economy has also undergone dramatic transformation since the Asian financial crisis 20 years ago and boosted its fundamentals. In September, the US implemented another round of tariffs on $200 billion worth of Chinese goods, which were met with countermeasures out of Beijing on $60 billion worth of USA goods.

by | October 11, 2018 | 17:57

Some 30-year fixed-rate mortgages are now offered with an interest rate above 5 per cent, significantly higher than when Trump took office. Economists generally agree that in order to prevent runaway inflation, the Federal Reserve can raise interest rates to restrain the money supply.

by | October 11, 2018 | 16:10

He said previously the situation did not have the "sense of urgency" that exists now. Sears Holdings shares lost almost a third of their value in early trading on Wednesday after a report said that the beleaguered retailer had hired advisers to prepare for a bankruptcy filing ahead of a debt payment deadline.

by | October 11, 2018 | 14:24

Market participants "appear complacent" about the potential risks from a "sudden, sharp tightening of conditions" - like rising interest rates or declining access to capital. "It also expects the economy to grow 1.4 per cent in 2019, down from a previous estimate of 1.7 per cent". Russian Federation was among the few energy-rich emerging market countries whose growth forecasts were bumped up.

by | October 11, 2018 | 12:30

As Hurricane Michael pummeled Florida, Wall Street was battered by storms as well, with the Dow shedding about 830 points, in the biggest fall since February, to close the day at 25,498.74. Strong economic data and a positive outlook from Fed officials have led to a sell-off in US Treasury bonds, particularly longer-term ones, sparking concerns about even higher interest rates.

by | October 11, 2018 | 11:05

One member of the squad appears to be Maher Mutreb, a Saudi intelligence officer who was based in London in 2007. Turkish officials launched an investigation and claim that the evidence already suggests Khashoggi entered but never left the consulate.

by | October 11, 2018 | 04:04

Khashoggi was last seen on October 2 entering the Saudi consulate in Istanbul to get documents for his forthcoming marriage . "We can not let this happen, to reporters , to anybody", Trump said . Turkish spokesman Hami Aksoy said authorities are "open to cooperation" and willing to examine the consulate grounds, though it was not clear when a search would take place.

by | October 10, 2018 | 08:54

This is the first time Pradhan has spoken about India's stand on buying Iranian oil once the U.S. sanctions on Iran come into force from 4 November. However, according to Alice G. 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.

by | October 10, 2018 | 08:54

U.S. Treasury Secretary Steven Mnuchin is expected to meet with global finance officials in Indonesia this week during IMF and World Bank summits, though as of Monday he had no meetings scheduled with Chinese officials - as reported by Reuters.

by | October 09, 2018 | 11:55

Reuters had reported on Friday that India would buy 9 million barrels of Iranian oil next month. Iran may indeed have not cut production yet to match the rate of decline in its exports, as the country appears to be storing more oil on ships as it did during sanctions that applied until the 2015 nuclear deal.