Finance

International Monetary Fund cuts India growth forecast for 2019-20 to 7.3 per cent

She said, "For Nigeria, what's very important is the oil price". The IMF raised its forecast for USA growth in 2020 by a tenth of a percentage point to 1.9 per ...


Wynn Resorts scotches potential takeover of Crown Resorts

The news had lifted shares of Sydney-listed Crown by almost 20 per cent on Tuesday. Crown added that it had not yet considered Wynn's most recent proposal and...


Debenhams handover is expected to trigger a wave of store closures

Debenhams is expected to go through a pre-pack administration, which would mean current shareholders - including Mr Ashley who owns almost 30% of the chain -...


Peak gas prices coming to Washington over next few weeks

GasBuddy analyzed gas price data from January to March for 2019 and found that the first day of the work week offers the lowest average gas price in 30 states,...


Debenhams reject Sports Direct deal

The department store's owners reportedly have a 5pm deadline on a £150million rescue deal offered by Sports Direct boss Mike Ashley. Sports Direct has now cal...


Fiat Chrysler is paying Tesla to help it meet EU emissions targets

By pooling Tesla's electric vehicles with its own fleet of vehicles the company is able to meet the strict emissions riles that are coming in in 2020. That's ...


City's unemployment rate 5.9 per cent in March

Job creation was a particularly strong suit for the economy past year. The U.S. stock market responded quickly to the better-than-expected jobs report , as t...


British passports without ‘European Union’ issued despite Brexit delay

Despite the uncertainty, Home Secretary Sajid Javid said it was only "sensible and efficient management" to begin transitioning to passports without European Un...


Oil prices edge lower on economic concerns, but geopolitics support

Global oil prices pushed towards their highest levels in five months on Wednesday, with Brent nearing $70 and WTI reaching towards $63. Brent and WTI are on t...


EU's Barnier: Britain won't get transition without #Brexit deal

Brexit minister Stephen Barclay said the government would accept a soft Brexit if parliament voted for it. On the most recent occasion last week , MPs w...


UK’s May holds ‘constructive’ Brexit talks with Labour

This week, Parliament narrowly rejected a proposal for a new referendum on whether to leave the EU. She listed a desire to protect jobs, to leave the EU with ...


Corona maker Constellation to sell about 30 brands for $1.7 bln

Its high-quality, premium wine and spirits brands include the Robert Mondavi and The Prisoner Wine Company brand families, Kim Crawford, Ruffino, Meiomi and SVE...


Trump expected to name Herman Cain to the Fed

Neither Cain nor Moore are technically trained academic economists, which alarms many, although, as has been argued by former Federal Reserve Bank of Dallas a...


Pres. Trump met with support during visit to border town Calexico, Calif.

Then in a message to those heading for the United States, he said: "The system is full and we can't take you anymore". Our area is full, the sector is full. Imm...


Brexit: UK asks European Union for further extension until June 30

Article 50 states that an an extension requires unanimous support from all member countries of the EU. "The government's policy has always been and remains t...


Supreme Court order on NPAs a relief for power companies

The notice came on the heels of banks finalising resolution plans for the " Dirty Dozen ", a list of 12 Indian companies that went bankrupt and qualified for im...


Burger King Is Launching a Whopper with Synthetic Meat

It has been described as the Whopper's "twin" by the burger's manufacturer, and contains 17g of protein and zero cholesterol. Critics think that Impossible F...


Economists call for at least 25 bps rate cut by RBI

A panel of economists, including former Chief Economic Adviser Arvind Virmani, Tuesday called for at least 0.25 percentage point rate cut in the RBI's first mon...


Saudi Aramco Gets First Credit Ratings Ahead of Bond Debut

According to FactSet, Aramco made a whopping $111 billion in 2018 and generated $359.9 billion in revenues. Saudi Aramco, the world's biggest oil producer, ma...


Major cryptos surge after bitcoin suddenly rises from the dead

But past year prices collapsed by three-quarters, with trading dominated by smaller hedge funds and crypto-related firms. "If you look at the volumes on each ...


Detained again, Nissan ex-chief Ghosn says latest arrest is 'outrageous'

Tokyo prosecutors said Ghosn had caused Nissan $5m (€4.4m) in losses over a 2-1/2-year period to July 2018, in breach of his legal duties to the company and...


Jeff Bezos and Ex-Wife MacKenzie Announce Divorce Settlement Terms

The Bezos tweeted separately on Thursday that under their settlement MacKenzie will give up her interests in the Washington Post , which Jeff Bezos bought i...


RBI cuts repo rate by 25 bps

Inflation bottomed out at about 2 percent in January before picking up to 2.6 percent in February - still lower than the RBI's forecast of 2.8 percent for the ...


Renault alerts prosecutors to Oman dealer payments under Ghosn

In the correspondence, Mr Saikawa raised the possibility of bringing in another manufacturer as a fourth partner for the alliance. French carmaker Renault's b...


Trump '100 percent' ready to close US-Mexico border

U.S. President Donald Trump has threatened to close the border if Mexico does not stop a surge of people, often traveling as families from Honduras, El Sa...


Shares surge on China factory rebound, trade hopes

Factory activity in China grew for the first time in four months in March, according to data released by the National Bureau of Statistics (NBS), said Reuters ...


Oil hits 2019 high as supply squeeze looms

Brent crude rose 15 cents, or 0.2 percent, to $69.16 a barrel by 0636 GMT, having earlier touched $69.50, the highest since mid-November. USA officials are k...


Theresa May to seek further Brexit delay

If not, she promised to allow MPs to direct what she does, expressing hope that Britain could still leave with a deal before May 22, so it did not have to take ...


Texas AG Investigating Chick-Fil-A’s Exclusion at Airport

The decision followed Assemblyman Sean Ryan blasting the NFTA on Twitter for allegedly doing business "with corporations who fund hateful and divisive groups". ...


MPs may force Theresa May to ask for longer Brexit delay

Mrs May said: 'This is a decisive moment in the story of these islands and it will require national unity to deliver the national interest'. However Anna Turl...


Amazon to cut prices on hundreds of Whole Foods items this week

Some Whole Foods workers will work overnight on Tuesday and early on Wednesday morning to switch signs to reflect the lower prices, the Wall Street Journal r...


UK Lawmakers Reject All 4 Brexit Options

Pro-European MPs fear that May's refusal to change course is putting Britain at risk of a "no-deal" exit, and they seized the initiative by holding two rounds o...


How to stay safe when riding with Uber

Police say 21-year-old Samantha Josephson called an Uber after being separated from her friends, and was waiting outside the bar. They can not be everywhere a...


Erdogan's poll setbacks add to list of woes

Addressing crowds in the early hours of Monday morning as the results came in, he said the party had lost because "we couldn't express ourselves to our nation...


Lyft share price down 11% after notable IPO debut

Lyft's eponymous app allows people to book taxi rides using global positioning technology on their smartphones. The IPO has become a test case, not just for...


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