Economy

by | June 02, 2018 | 15:28

A-shares are stocks of Chinese companies that are incorporated on the mainland. They trade in Shanghai or Shenzhen and are quoted in renminbi. MSCI is to include more than 200 Chinese securities in its indices from today. "On a longer-term basis, the opening of China's capital markets represents a once-in-a-lifetime market event and will be one of the primary ongoing themes in the region for many years to come", said Will Stephens, Deutsche Bank equity strategist.

by | June 02, 2018 | 15:01

According to International Air Transport Association (IATA), domestic air travel in India in April 2018 was 26.4% higher than in same month previous year - making it the 44th month of record growth - with "passenger demand continuing to be supported by a combination of strong economic and network expansion" here.

by | June 02, 2018 | 13:58

Yet another report from Gizmodo on the subject says that Google won't be renewing the project once its current contract runs out. "Therefore we ask that Project Maven be cancelled, and that Google draft, publicize and enforce a clear policy stating that neither Google nor its contractors will ever build warfare technology", the letter said , according to the New York Times .

by | June 02, 2018 | 13:01

Rules stipulate that no federal worker is allowed to comment on the jobs report until at least one hour after its release. During the 2016 campaign, when Trump, the Republican presidential nominee, and Hillary Clinton, the Democratic nominee, both became eligible to receive classified briefings, some intelligence officials also expressed reservations about sharing sensitive information with Trump.

by | June 02, 2018 | 09:52

Only one MP abstained from the vote. Spanish Prime Minister-elect Pedro Sanchez has begun the task of harnessing the unlikely forces that brought him to power. The no-confidence motion was filed by the main opposition Socialist Party (PSOE) last week in the wake of a court ruling in a sweeping corruption scheme known as Gürtel.

by | June 02, 2018 | 05:37

There were reportedly ticketing issues at various shows last night, when venue staff tried to check people into the show or sell door tickets to walk-ups. As of now, Ticketfly's website and all of its services are down. The legitimacy of this hacked information is being investigated. Our ticketing company Ticketfly is working dilligently to get it back up and running.

by | June 02, 2018 | 05:42

Now, it appears that the blowback pressured Google into backing away from Maven: the contract expires next year and won't be renewed, Google Cloud CEO Diane Greene told employees in a meeting Friday morning, according to Gizmodo . Google, which declined to comment, has faced widespread public backlash and employee resignations for helping develop technological tools that could aid in warfighting.

by | June 02, 2018 | 06:29

Southwest later confirmed the customer in question was turned over to local authorities. According to Fox News , that's the hell one female passenger said she recently endured for nearly five hours aboard a Southwest flight from Las Vegas to Philadelphia.

by | June 02, 2018 | 04:55

In April, the California Supreme Court unanimously ruled to limit businesses from classifying workers as "independent contractors", which limits their access to key worker protections like minimum wage, health care and rest breaks. "This is a proactive way to get to the question of misclassification since with individual and class actions there is always the issue of settlements that do not resolve the actual question, as has been the case with both Uber and Lyft", University of San Diego ...

by | June 02, 2018 | 06:08

Just a few hours later their chosen prime minister Giuseppe Conte, a little-known law professor who belongs to neither party and has not been elected, presented his list of ministers after receiving his second mandate in eight days. But he did appear more amenable to the coalition's proposal for a flat tax. Tria is not a household name in Italy. "But the new government will inevitably raise many eyebrows".

by | June 02, 2018 | 04:54

The government will review the sale proposal after the failed attempt and make any changes, if needed, Economic Affairs Secretary Subhash Chandra Garg said separately. The Air India stake sale will go a long way in helping the government realise its disinvestment target for the year besides finding a solution to the controversial issue of having to continue bailing out the loss-making national carrier, opine experts.

by | June 02, 2018 | 03:35

Dodge sales are down by just six percent during the same period, with overall USA sales of almost 205,000 units, while Fiat has collapsed by 45 percent to less than 7,000 units. Jeep is arguably FCA's crown jewel now that it has spun off Ferrari, and the company wants to launch a bevy of new models in the next few years. Mike Manley, FCA's head of Jeep and Ram, said the figure was one in 23 nine years ago.

by | June 02, 2018 | 02:48

President Donald Trump broke with protocol by tweeting about the all-important United States employment report more than an hour before release time Friday, hinting the figures would be positive. "President Trump was sent the jobs numbers in advance", said Jason Furman , an economist at Harvard University's Kennedy School of Government who was chairman of the Council of Economic Advisers in Obama administration.

by | June 02, 2018 | 03:18

The deal fell apart after the two sides couldn't agree on terms, one of the people said. Uber CEO Dara Khosrowshahi said he would fulfil a career ambition in securing investment from Warren Buffett after Bloomberg revealed that talks took place over a $ 3 billion deal.

by | June 02, 2018 | 01:15

In the wake of his recent activity on social media, ClickHole published an article titled " More Bad Press For Elon: The Car Elon Musk Launched Into Orbit Has Fallen Back Down To Earth And Crushed Malala Yousafzai ". "Hello from the other side", Yousafzai replied tagging Musk. One fun added wrinkle: One of Malala's brothers chimed in to do what brothers do and troll his sister, which triggered a defense from a Malala fan who didn't know the troller was Malala's brother.

by | June 02, 2018 | 00:00

Microsoft has once again overtaken its rival, valued at $753 billion over Google's at $739 billion. The two companies basically swapped places, with Microsoft now the third most valuable company in the world and Alphabet at the number four spot.

by | June 02, 2018 | 01:14

On Friday, Trump demanded Canada "open their markets and take down their trade barriers". "We have to believe that at some point common sense will prevail, but we see no sign of that with this action today by the USA administration". "The government of Canada is confident that shared values, geography and common interests will ultimately overcome protectionism", Trudeau said. The countermeasures will hit USA hot and cold rolled steel, plated steel and tubes, the ministry said.

by | June 01, 2018 | 23:52

The data are kept strictly confidential and subject to tight security to prevent early release since investors worldwide are waiting to trade on the information. "His tweet basically said like everybody else, 'await the jobs numbers.' You can read into that 10 different things if you want to read into it". "The advance info is sacrosanct - not to be shared", tweeted Bush administration White House press secretary Ari Fleischer .

by | June 01, 2018 | 21:35

The rate hold through to at least July is at least a temporary reprieve for existing adjustable-rate mortgage holders who have already seen their monthly payments increase by about $35 per $100,000 of mortgage since the BoC started raising rates last July.

by | June 01, 2018 | 19:51

This breakdown happened in the midst of President Donald Trump's decision to levy stiff tariffs on steel and aluminum imports from a swath of American allies including Canada and Mexico, provoking likely retaliation and a possible all-out trade war.

by | June 01, 2018 | 20:23

Donald Trump is in no doubt that slapping tariffs on European steel imports is the right thing for the United States to do. They were none other than Canada, Mexico, and the European Union , countries which had previously been exempted.

by | June 01, 2018 | 19:07

But investors weren't waiting for the official report. And they were. The Bureau of Labor Statistics reported this morning that the economy added 223,000 jobs in May, well ahead of expectations , while the unemployment rate ticked down a little lower to 3.8%.

by | June 01, 2018 | 18:05

Global economy is at the phase of strong growth driven by a rebound in trade, higher investment and buoyant job creation. As growth in China slows, India will see its economy accelerate, hitting a rate of 7.5% by 2019, according to the organisation which represents 35 of the world's most economically-advanced nations.

by | June 01, 2018 | 18:08

He returned from Rome to address a crowd of supporters in his northern home region of Lombardy. "I'm in deep love with Italy , bella Italia", European Commission President Jean-Claude Juncker told a conference on Thursday. Mr Salvini and Mr Di Maio's initial attempt to form western Europe's first populist government stalled earlier this week when Mr Mattarella refused their choice of an anti-euro economy minister.

by | June 01, 2018 | 16:06

Fed Gov. Lael Brainard, who has been vocally cautious about altering the Volcker Rule, said during the Fed board meeting Wednesday that she particularly supported streamlining compliance based on trading asset sizes. The "trading account" definition now has other prongs, such as one where an instrument is bought or sold by a bank that must register as a dealer, swap dealer or securities-based swap dealer (known as the "dealer prong").

by | June 01, 2018 | 15:28

The secret designation from the Fed took place about a year ago and forced Deutsche to dial back its risk taking, The Wall Street Journal reported on Thursday. Sewing, a Deutsche Bank "lifer" appointed in April after the removal of former CEO John Cryan, said in a letter to staff: "At group level, our financial strength is beyond doubt".

by | June 01, 2018 | 11:53

SoftBank will initially invest $900 million and a further $1.35 billion when Cruise vehicles are ready for commercial deployment, subject to regulatory approval. "As we move forward, we're going to evaluate opportunities", Barra told investors, adding GM will do what's in the best interest of its shareholders.

by | June 01, 2018 | 10:25

Asked whether this new system undermined consumer choice, Chester suggested it was necessary to combat the proliferation of unintended multiple accounts - which now number 10m - resulting in unwanted fees and insurance contributions costing workers $2.6bn a year.

by | June 01, 2018 | 07:35

The final list of items subject to the new tariffs will be released on June 15, with formal imposition of these duties occurring a few days later. Chinese authorities have announced tariff cuts and promised to end ownership limits in insurance and some other fields apart from auto manufacturing.

by | June 01, 2018 | 07:37

Past year in November, Moody's upgraded India's sovereign credit rating by a notch to "Baa2" with a stable outlook citing improved growth prospects driven by economic and institutional reforms. Prime Minister Narendra Modi will make a short halt in Malaysia on Thursday, May 31, while heading to Singapore from Indonesia - his second worldwide destination in his three-nation visit.

by | June 01, 2018 | 06:43

A Turkish assertion that U.S. and Turkish forces will temporarily control northern Syria's Manbij region is "premature (and) lacks credibility", a Manbij local official told Reuters on Wednesday. The following month, the U.S. announced plans to create a 30,000-strong force comprised of Kurdish militants, which would be deployed along the Turkish border.

by | June 01, 2018 | 05:26

For local steel industry players like Robin Furlong, the move could have immediate consequences. The President's decision to pursue his "America First" programme will raise concerns about deteriorating transatlantic relations. The UK and other European Union countries are close allies of the United States and should be permanently and fully exempted from the American measures on steel and aluminium'.

by | June 01, 2018 | 03:40

Most recently, it has been funding through its late liquidity window rate. Additionally, should the president infringe on the central bank's independence, he may be required to further hike interest rates. Monday's decision complemented the central bank's rate hike last week, and was a positive, said Sebastien Barbe, global head of emerging markets research and strategy at Credit Agricole.

by | June 01, 2018 | 04:13

The chain apologized but also took the dramatic step of closing its stores early for the sessions. Protesters gather outside a Starbucks in Philadelphia, April 15, 2018, where two black men were arrested Thursday after Starbucks employees called police to say the men were trespassing.

by | June 01, 2018 | 02:06

Before the exemption was granted in March, U.S. President Donald Trump said that Mexico and Canada could be spared from the measure "if a new and fair NAFTA agreement is signed". "Both Canada and Mexico will be put off by these tariffs and may be less likely to agree to anything for fear of looking like they are caving in to Trump's bullying".