Economy

Bitcoin Sharply Tumbles By 12.6%, Other Cryptos Fall As A Result

Bitcoin Sharply Tumbles By 12.6%, Other Cryptos Fall As A Result

Goldman Sachs has opted to deal only in custodial products. In recent weeks, executives have come to the conclusion that many steps still need to be taken, majority outside the bank's control, befo...

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Jack Ma to remain Alibaba executive chairman, reveal succession plan next week

Jack Ma to remain Alibaba executive chairman, reveal succession plan next week

Adding that he loves education, Jack Ma said that after stepping down his focus will be on education. When asked if his retirement could happen as soon as this year, Ma smiled and said, "You'll ...

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Amazon joins Apple in $1 trillion club

Amazon joins Apple in $1 trillion club

Of course, with only two companies ever having reached the $1 trillion mark, there's bound to be comparisons. By October 2009 it had risen to $100 and the stock hit $1,000 for the first time on May ...

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Ayanna Pressley wins Democratic primary- will become first Black congresswoman in MA

Ayanna Pressley wins Democratic primary- will become first Black congresswoman in MA

With no Republican on the ballot in November's midterm election, Pressley is now nearly certain to become the state's first black congresswoman . Ms Pressley's victory comes two months after a si...

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Petrol price to rise by 5 cents

Petrol price to rise by 5 cents

But the Opposition launched a fresh offensive on the government over the hike in fuel prices. As per sources, the fuel prices have increased by around Rs 5 per litre in the past 7 months. "Rupee is ...

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Trump says 'no political necessity' to keep Canada in NAFTA

Trump says 'no political necessity' to keep Canada in NAFTA

According to the Toronto Star: "In a remark he did not want published, U.S. President Donald Trump said that a possible NAFTA deal with Canada would be 'totally on our terms, ' according to a s...

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Museveni in Beijing for China-Africa meeting

Museveni in Beijing for China-Africa meeting

Chinese President Xi Jinping (above, with Somalian President Mohamed Abdullahi Mohamed) pledged $60 billion (roughly €52 billion) in aid to African leaders during a major summit in Beijing on Mond...

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Lego Built a Full-Size Bugatti Chiron That Actually Drives

Lego Built a Full-Size Bugatti Chiron That Actually Drives

LEGO has created a life-sized, fully functioning Chiron model using 1 million LEGO Technic pieces. It will be showcased at this weekend's Formula One Italian Grand Prix at Monza. He added that dr...

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Freeland sits down with US negotiators for tough NAFTA talks

Freeland sits down with US negotiators for tough NAFTA talks

On her way into more talks with the Americans, Freeland said that her team had worked into the evening last night on some of the proposals still in play and she would be discussing Canada's positi...

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Coca-Cola pours £3.9bn into Costa Coffee acquisition

Coca-Cola pours £3.9bn into Costa Coffee acquisition

Coca-Cola Co has agreed to buy the United Kingdom chain Costa Coffee for £3.9 billion ($7 billion), stepping into a battle with Nestle and Starbucks Corp as it gains a global brand in hot drinks. ...

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RBI Confirms 99.15% of Demonetized Money Coming Back

RBI Confirms 99.15% of Demonetized Money Coming Back

The crisis of fake Rs 2,000 notes is more alarming as their supply was cut by 23 times in 2017-18 vis-a-vis 2016-17. According to the report, out of the Rs.15.41 lakh crore of Rs. "That alone was a ...

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Musk Scraps Plan To Take Tesla Private

Musk Scraps Plan To Take Tesla Private

According to an open letter Musk wrote to shareholders on Friday, he anxious that too many small investors would not be able to participate, and that current large Tesla institutional shareholders w...

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U.S., Mexico Reach Trade 'Understanding' That Could Lead To NAFTA Overhaul

U.S., Mexico Reach Trade 'Understanding' That Could Lead To NAFTA Overhaul

He added he plans to terminate the existing trade agreement and instead replace it with the deal reached with Mexico, and potentially Canada. But some industry groups said they wanted more clarity o...

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Trump lashes out at his former lawyer after guilty plea

Trump lashes out at his former lawyer after guilty plea

Manafort and Cohen probably could have continued committing financial crimes and making lots of money for the rest of their working lives if only Trump hadn't won the election and become ensnared in a...

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Australian PM Turnbull refuses to cede power, offers possible second leadership vote

Australian PM Turnbull refuses to cede power, offers possible second leadership vote

Prime Minister Malcolm Turnbull is under mounting pressure from supporter of his rival, former Cabinet minister Peter Dutton , to hold a leadership ballot of lawmakers in their conservative Liberal...

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Tesla's Investors Make the Company. They May Also Ruin Its CEO

Tesla's Investors Make the Company. They May Also Ruin Its CEO

It's all taking quite the personal toll on Musk, he revealed in an emotional interview with the New York Times on Thursday. In an emotional interview with The New York Times , Musk also reveale...

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Trump Calls On SEC to Study Ending Quarterly Reporting

Trump Calls On SEC to Study Ending Quarterly Reporting

Still, Clayton hasn't floated reducing the number of times that companies must disclose their financial performance each year. "Most agree that a short-term-only view can inhibit long-term strategy ...

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Turkey court rejects USA pastor Andrew Brunson release appeal

The lira has lost almost 40 percent of its value against the dollar this year, sparking a sell-off in emerging market currencies and weighing on global stocks. "We've already responded based on the Wo...

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US Warns Turkey of Sanctions if it Does Not Release Pastor

US Warns Turkey of Sanctions if it Does Not Release Pastor

Before he spoke, the lira strengthened more than 3 per cent, despite signs that the rift with the United States is as wide as ever. Turkey has responded by declaring that it will raise tariffs ...

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Turkey doubles tariffs on some USA imports; lira rallies

Turkey doubles tariffs on some USA imports; lira rallies

Investors are looking for substantive economic policy changes by Erdogan - namely the acceptance of higher interest rates - whereas the president has so far reacted mainly by blaming foreign powers, p...

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Oil edges lower as Cushing build adds to demand fears

Oil edges lower as Cushing build adds to demand fears

Tom Kloza, co-founder of the Oil Price Information Service, told CNBC's " Futures Now " this week that oil prices have been so volatile that a slump to $50, or even a spike above $100 could not be c...

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Turkey doubles tariffs on more United States imports as diplomatic row escalates

Turkey doubles tariffs on more United States imports as diplomatic row escalates

The currency TRYTOM=D3 has lost almost 40 percent against the dollar this year, driven by worries over Erdogan's growing influence on the economy and his repeated calls for lower interest rates ...

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Turkey doubles tariffs on some US imports; lira rallies

Turkey doubles tariffs on some US imports; lira rallies

The tit-for-tat measures are part of a broader dispute between the two countries over the fate of an American citizen, Andrew Brunson , who is being prosecuted by Turkish authorities on terrorism-r...

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Rupee recovers 35 paise after breaching 70/$-mark; falls 10% in 2018

Rupee recovers 35 paise after breaching 70/$-mark; falls 10% in 2018

South Africa, Argentina, Mexico, Brazil and Russian Federation have all seen their currencies slip over the past week because, like Turkey, they remain heavily dependent on foreign capital, especially...

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Turkey's Erdogan vows United States boycott, but diplomats resume talks

Turkey's Erdogan vows United States boycott, but diplomats resume talks

But to the dismay of markets, the statement gave no clear promise of rate hikes, which is what most economists say is needed. Erdogan is due to visit Germany next month. Cavusoglu said: "We support ...

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Saudi Arabia's PIF has shown no interest in bankrolling Tesla buyout

Saudi Arabia's PIF has shown no interest in bankrolling Tesla buyout

Tesla Inc and Chief Executive Elon Musk were sued on Friday by an investor who said they committed securities fraud in a scheme to "completely decimate" short-sellers that included Musk's proposa...

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Saudi Arabia eyes enlarged stake in Musk’s private Tesla

Saudi Arabia eyes enlarged stake in Musk’s private Tesla

In a blog post , Mr Musk said that he only wanted to buy out shareholders who no longer wanted to own Tesla shares. Following the announcement of Tesla's plans to potentially go private and ...

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Trump doubles steel & aluminum tariffs on Turkey

Trump doubles steel & aluminum tariffs on Turkey

The Turkish lira plunged on Friday, raising questions about the country's financial stability, as investors anxious about the president's unorthodox economic policies and a dispute with the United S...

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Oil dips as US/China trade dispute expected to stall economic growth

Oil dips as US/China trade dispute expected to stall economic growth

Meanwhile, traders looked ahead to a report from The American Petroleum Institute on US crude inventory, due this evening. President Donald Trump has threatened to impose tariffs on almost all Chi...

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Trump behaves like a street-fighter in trade policy: Chinese media

Trump behaves like a street-fighter in trade policy: Chinese media

When a big USA retail chain or an equipment manufacturer has to pay 10 or 25 percent more to get steel from Canada or a certain part from China, that us company has to pay the tax when it import...

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