Trump Is "Main Culprit Of Oil Price Hikes, Market Destabilisation": Iran

27 Sep, 2018

The U.S. President spoke against the backdrop of rising oil price, which rose Monday to a four year-high at $81 per barrel and to $82 per barrel yesterday. "Saudi Arabia is about 320,000 barrels away from their 2016 pre-cut high, and there's a question mark about how much more they can really do beyond that in the near term".


Michael Kors is close to buying Versace for $2 billion

27 Sep, 2018

The deal is expected to close in the fourth fiscal quarter, subject to regulatory approvals. Last year , the London-based Michael Kors scooped up Jimmy Choo for $1.2 billion. Versace fans are revolting after reports that the iconic Italian designer is about to be bought by Michael Kors. LVMH, PVH Corp. and Tapestry also looked at Versace in recent months, according to a report on Sunday by Women's Wear Daily .


Michael Kors bags Versace for $2.1 billion

26 Sep, 2018

The combination is also aimed at reviving Versace, which returned to a net profit a year ago. The 40-year-old fashion house, founded by Gianni Versace, celebrates extravagance with its baroque designs, filling runway shows and red carpets with brash prints and vibrant color.


Ripple Labs Hints At xRapid Release, XRP Price Surges

26 Sep, 2018

The value of XRP follows a strong upward trend. Talking to CNBC , Ripple's Sagar Sarbhai said he was "confident" xRapid will go into commercial application before the close of 2018. Ripple also built a relationship with companies such as Western Union and MoneyGram . The two banks will initially use Ripple's xCurrent solution to make cross-border payments.


U.S., China hike tariffs as trade war intensifies

26 Sep, 2018

The US State Department is ready to sell a batch of military parts to Taiwan, officials said on Monday (Sep 24), the same day President Donald Trump's latest round of tariffs against Chinese imports took effect. "As such, it is an attractive prospect for other countries including the USA to coexist with China peacefully", said the newspaper, which is published by the ruling Communist Party's People's Daily.


Instagram co-founders Kevin Systrom, Mike Krieger reportedly step down

26 Sep, 2018

Instagram's co-founders Kevin Systrom and Mike Krieger have resigned from the company, The New York Times reports . Systrom and Krieger popularized photo filters and camera lenses, spurring a wave of copycat apps for the iPhone and Android-based smartphones.


Iran confirms S. Korea's halt of oil imports

24 Sep, 2018

Global benchmark Brent crude for November delivery was up at 79.40 dollars a barrel. Iran, OPEC's third-largest producer, has accused Trump of orchestrating the oil price rally by imposing sanctions on Tehran and accused its regional arch-rival Saudi Arabia of bowing to United States pressure.


China cancels trade talks with US

24 Sep, 2018

On Sunday, in a bid to promote a business-friendly image, Chinese Premier Li Keqiang said the country would cut import and export costs for foreign firms. Beijing cancelled the visit of a Chinese negotiating team expected September 27-28 in Washington , The Wall Street Journal said. Economists have warned that a protracted dispute will eventually stunt growth not just in the USA and China but across the broader global economy.


Walmart urges Trump administration to roll back new tariffs on Chinese imports

23 Sep, 2018

That penalty will rise to 25 percent beginning January 1. Inaction by the US would leave the American economy and consumers worse off over the longer run, a senior administration official told reporters at a briefing on Friday, speaking on the condition of anonymity.


Emirates denies plans to take over Etihad

23 Sep, 2018

After the publication of the report, both Emirates and Etihad have told Reuters there was no truth to this "rumour" . Etihad made a similar statement denying the report. However, Emirates chairman Sheikh Ahmed bin Saeed al-Maktoum said in May there were no merger talks. This means redeploying freighter capacity on core trade lanes that connect its hub in Abu Dhabi, the capital of the United Arab Emirates, and select global markets in Asia, Europe and the United States to meet growing ...


Indian oil refiner part-owned by Iranian company cancels Iran oil imports

23 Sep, 2018

The United States-which is pushing to have all Iranian oil customers stop importing crude from Tehran-is looking for alternative oil supplies for its allies whose imports will be disrupted by the USA sanctions on Iran, the Financial Times reported on Thursday, citing a senior US administration official.


Audi embarks on EV offensive as E-Tron premieres

21 Sep, 2018

That puts it up against premium electric vehicle rivals the Tesla Model X and Jaguar I-Pace for range, however higher capacity 100D Teslas and Mercedes's EQC will exceed this. Other features include virtual cockpit, wireless smartphone charger, and touch-screen controls. The electric SUV also comes packed with a host of other features.


Jet Airways plane turns back after passengers suffer nose, ear bleeds

21 Sep, 2018

The airline didn't apologise for the incident. "There was no announcement (related to the problem) from the crew", said another passenger. It was suffocating inside. "Thirty out of 166 passengers experienced nose and ear bleeding [and] some also complained of headache", an official with India's Directorate General of Civil Aviation said, according to the Hindustan Times .


Amazon plans 3,000 high-tech shops

21 Sep, 2018

An Amazon representative told Business Insider the company does not comment on "rumours or speculation". Amazon shares were down about 1 percent. Reports in the previous year about Amazon's plans have rattled incumbent players in a wide range of industries, including groceries, pharmacies and specialty office suppliers.


EU, UK demand Brexit compromise over Irish border

21 Sep, 2018

She made clear the high stakes of the negotiations over the coming weeks if a deal is to be struck this autumn in time for ratification ahead of March 29, 2019 Brexit day. In a BBC interview in Salzburg, Mr Muscat said there was "almost unanimous" support among EU leaders for Britain to hold a second referendum on membership of the union.


Alibaba Pulling Back on Million US Job Proposal Due to Trade War

20 Sep, 2018

Ma and Trump met in January 2017 to discuss how adding small and medium-sized U.S. businesses to Alibaba's platform would boost employment. He also acknowledged that the ongoing trade war with China's largest trade partner is hurting Alibaba's business, according to CNNMoney .


USA crude oil inventories decrease sharply last week: API

19 Sep, 2018

In its monthly report, the cartel said total oil demand for 2018 is estimated at 98.82 million barrels a day. The Persian country will by November 4 see a slew of countries already abandoning oil supply contracts and the rest scrambling for alternatives as crushing United States sanctions on Iran threaten to impose additional sanctions on those defying the ban on crude imports from the country.


Trump tariffs a slap on China's wrist, experts say

19 Sep, 2018

Trump says the tariffs are needed to compel China to abandon a host of unfair trade practices, including making American companies surrender their trade secrets in return for access to the Chinese market and subsidizing state firms in advanced-technology industries.


Coca-Cola 'closely watching' cannabis in wellness drinks

19 Sep, 2018

Coke would join a rush by major alcohol makers and a cigarette company to test the cannabis market and find partners ahead of the October 17 launch of legal recreational marijuana in Canada . If a partnership between Coke and Aurora does go through, the deal would mark the first entry of a major manufacturer of non-alcoholic beverages into the cannabis market.


National Cheeseburger Day 2018: Free Burgers, Deals, and Special Offers

19 Sep, 2018

Anyone already ordering a cheeseburger at BurgerFi on September 18 can order an additional burger for just $1, but they must "mention or show offer to redeem". The deal is good all day on September 18 and is for in-store orders only. iHOP: From 7 a.m.to 10 p.m., customers can get a free side of pancakes or two pumpkin spice pancakes with the purchase of any Ultimate Steakburger.


Dena Bank, Vijaya Bank, BoB to merge

18 Sep, 2018

Bank of Baroda shares fell over 11 per cent after earlier losing as much as 11 per cent in Tuesday's trade after the government announced its merger with smaller peers Dena Bank and Vijaya Bank , both of which gained. R.A. Sankara Narayan, Vijaya Bank CEO & MD, told a TV channel he had got to hear about the merger proposal only after the news conference. The move is part of the reforms initiated in the public sector banking segment.


Apple’s smartwatches, wireless earphones spared in latest USA tariffs

18 Sep, 2018

On the contrary, Trump has picked fights with each of those trading partners - from imposing tariffs on imported steel and aluminum to demanding that Mexico and China transform the North American Free Trade Agreement into a deal more favorable to the United States.


London Mayor Sadiq Khan joins call for second Brexit referendum

18 Sep, 2018

May has proposed that Britain follow European Union rules in trade in goods after Brexit, to protect manufacturing supply lines and avoid a "hard border" between Northern Ireland, part of the United Kingdom , and the Republic of Ireland.


Oil prices claw back some ground, but demand worries drag

17 Sep, 2018

Indian refiners will cut their monthly crude loadings from Iran for September and October by almost half from earlier this year as New Delhi works to win waivers on the oil export sanctions Washington plans to reimpose on Tehran in November.


'If in doubt, throw them out': Needles in strawberries prompt warning

17 Sep, 2018

The initial problem involved punnets of the "Berry Obsession" and "Berrylicious" brands, sold in Woolworths stores in Queensland , NSW and Victoria , had been pulled from shelves, and the public urged to throw out any punnets they have.



Popular Pages