Markets

Saudi king, crown prince send condolences to Khashoggi´s son

Saudi king, crown prince send condolences to Khashoggi´s son On Saturday , the Spanish government issued a statement expressing "consternation" over Khashoggi's death. "Would financial sanctions be considered sufficient as to have sent a message to Saudi Arabia that this will never happen again?" Saudi Foreign Minister Adel al-Jubeir said on Fox News that Khashoggi's killing was "a rogue operation" and that "we don't know where the body is'". [Full Article...]

Saudi official provides yet another version of Khashoggi's death

Saudi official provides yet another version of Khashoggi's death Meanwhile, Turkish authorities have put Khashoggi's fiancée under 24-hour police protection, the state-run Anadolu news agency said on Sunday. President Erdogan earlier on Sunday said that he will make a statement on the killing of Saudi journalist Jamal Khashoggi on Tuesday during his party's group meeting at the parliament. [Full Article...]

Mexico seeks United Nations help over Honduras migrant caravan amid Trump threats

Mexico seeks United Nations help over Honduras migrant caravan amid Trump threats After arriving at the tall, yellow metal fence Friday, some clambered atop it and on US -donated military jeeps. Men, women and children then rushed through toward the bridge, about 150 yards (137 meters) away. The official said on September 20, Border Patrol encountered 275 adults and children. Image copyright Reuters Image caption A Honduran migrant, part of a caravan trying to reach the... [Full Article...]

Want to be a billionaire? This lottery jackpot is a good start

Want to be a billionaire? This lottery jackpot is a good start The Kentucky Lottery says the Mega Millions jackpot is closer to $1 billion ahead of Friday's drawing. The $ 970 million jackpot is paid out over 29 years if you choose the annuity option, or you can claim $548.6 million cash. Prizes can range from $2 to $5 million depending on the game and type of ticket. Lottery officials are happy to have Friday's record Mega Millions jackpot fueling tic... [Full Article...]

Trump says Saudi journalist likely dead, threatens 'severe' consequences

Trump says Saudi journalist likely dead, threatens 'severe' consequences Trump said on Thursday. In his brief comments to reporters, Pompeo also stressed the "longstanding strategic relationship" between the USA and Saudi Arabia . and disturbing". "I told the president this morning that we ought to give them a few more days", Pompeo told reporters . Turkish police are searching a forest on the outskirts of Istanbul and a city near the Sea of Marmara for the ... [Full Article...]

Oil prices tumble as U.S. crude inventories surge

Oil prices tumble as U.S. crude inventories surge The secretary general of the Organization of the Petroleum Exporting Countries last week said that the group saw the oil market as well supplied and that it was wary of creating a glut next year. "I mean, it has the potential to really blow up and to send prices to numbers that I didn't think we'd see again in our lifetime. Firm volumes are the ones that oil companies commit to necessarily tak... [Full Article...]

Saudi riyal at weakest since June 2017 on Khashoggi case

Saudi riyal at weakest since June 2017 on Khashoggi case Jamal Khashoggi disappeared after visiting the Saudi consulate in Istanbul on October 2 and Turkish authorities have speculated that he was either killed or kidnapped there, while Saudi Arabia has denied the accusations, reports Efe news. [Full Article...]

Mega Millions, Powerball Jackpots Total Almost $1 Billion

Mega Millions, Powerball Jackpots Total Almost $1 Billion Any player who matches all numbers Wednesday night will win $9.6 million ($5.53 million cash option). Nearly $1 billion in combined grand prize money could await lottery players with tickets for the Mega Millions and Powerball lottery games this week. [Full Article...]

Mega Millions numbers revealed for massive $548M jackpot

Mega Millions numbers revealed for massive $548M jackpot The jackpot climbed $78 million after no one matched all six numbers Tuesday night. The next drawing will be Tuesday. No one has won since July, when a group of California office workers split $543 million. Tonight's Mega Millions jackpot was the third-largest in Mega Millions' history, reaching an estimated $548 million. But if you only match two white balls and don't match the yellow bal... [Full Article...]

Facebook says hackers accessed data of 29M users

Facebook says hackers accessed data of 29M users This 2013 photo shows a sign at Facebook headquarters in Menlo Park, Calif. Facebook says hackers accessed data from 29 million accounts as part of the security breach disclosed two weeks ago. In a press call, Guy Rosen , Facebook's VP of Product Management, said the attackers "moved from account to account using an automated script collecting tokens, repeatedly exploiting the vulnerabili... [Full Article...]

International Monetary Fund lowers global growth estimates

International Monetary Fund lowers global growth estimates Noting that growth in the United States, buoyed by a procyclical fiscal package, continues at a robust pace and is driving USA interest rates higher, Mr. These global tariffs will hurt business confidence, investment and borrowing costs. Emerging Asia continued to register strong growth, supported by a domestic demand-led pickup in the Indian economy from a four-year-low pace of expansion in 201... [Full Article...]

EU’s Barnier calls for ‘decisive progress’ on Brexit for summit next week

EU’s Barnier calls for ‘decisive progress’ on Brexit for summit next week European Union's chief Brexit negotiator, Michel Barnier attends a media briefing with Britain's Secretary of State for Exiting the European Union, Dominic Raab, after a meeting at the EU Commission headquarters in Brussels , Belgium on August 21, 2018. [Full Article...]

James Murdoch to succeed Musk as Tesla chairman?

James Murdoch to succeed Musk as Tesla chairman? The SEC declined to comment about Musk's tweet. The SEC, whose @SEC_News Twitter handle has about 251,000 followers to Musk's more than 22.8 million, is also active on the messaging service but has refrained from posting about Musk or Tesla since last weekend's settlement . [Full Article...]

Indian rupee collapses to 73.77 against Dollars

Indian rupee collapses to 73.77 against Dollars Consequently, the reverse repo rate under the LAF remains at 6.25 per cent, and the marginal standing facility (MSF) rate and the Bank Rate at 6.75 per cent. The benchmark Sensex plunged by 527.94 points, or 1.39%, to 35,447.69 in morning deals. DBS economist Radhika Rao expects a rate hike, along with the RBI shifting its stance to "hawkish" from "neutral". [Full Article...]

Trudeau and Freeland Happy With NAFTA Agreement

Trudeau and Freeland Happy With NAFTA Agreement Morneau told members of the Vancouver business community that the United States-Mexico-Canada Agreement means Canada is now the only country to have deals with all its G7 partners but will continue its efforts to diversify trade around the world, including with China. [Full Article...]

Centre announces ₹2.5 cut in fuel prices, urges States to match it

Centre announces ₹2.5 cut in fuel prices, urges States to match it BJP president Amit Shah congratulated all the BJP-ruled states for slashing the fuel prices . Arun Jaitley had said that the central government will be writing to all state governments to reduce petrol and diesel prices by a further Rs 2.50 by cutting sales tax or value added tax ( VAT ). [Full Article...]

Crude oil standstill - It's time to trade the range!

Crude oil standstill - It's time to trade the range! U.S. West Texas Intermediate (WTI) crude futures CLc1 were off 7 cents at $75.23 a barrel, after earlier touching a four-year high of $75.91. WTI has risen around 18% since mid-August. As of the moment, the market's focus is on the looming sanctions of Washington on Iran , which is slated to take a full swing by November 4 this year. [Full Article...]

Wage inflation on the agenda after Amazon gives workers a big raise

That could be good news for numerous Internet giant's workers across North Carolina. The pay hike, one of the largest awarded by any major USA company, will affect 250,000 Amazon employees and 100,000 seasonal employees who are hired at Amazon sites during the holiday season. [Full Article...]

Elon Musk resigns as Tesla chairman, but remains CEO

Elon Musk resigns as Tesla chairman, but remains CEO Now, the company has to hire a chairman to replace Musk (something corporate governance experts have suggested for years), along with 2 new independent directors. The " false and misleading " claims, as the SEC called them, risked misleading investors into thinking the company already had the funding to go private. [Full Article...]

Elon Musk surrender set to boost Tesla shares

Elon Musk surrender set to boost Tesla shares Under the agreement with the Securities and Exchange Commission, Musk and the company each will pay a US$20 million penalty, and Musk will be barred from serving as chairman for at least three years . In addition, Grimes' ex will be on a short leash: Tesla now gets to monitor the communications of the outspoken ex-chief gunslinger. Along with leaving, Musk has to pay a $20 million fine for a ... [Full Article...]


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