Business

by | July 04, 2019 | 02:40

Deutsche Bank announced previous year that it would aim to increase its share of revenues from more stable sources such as wealth management to 65 per cent by 2021. Deutsche Bank has a 12 month low of $6.61 and a 12 month high of $13.17. "We need to increase significantly our client footprint, which means the net increase of client facing individuals needs to be material", he said.

by | July 04, 2019 | 01:57

Senior analyst at IBISWorld, Jason Aravanis, said the gold price could continue to rise with the anticipation of more interest rate cuts. The Pound Australian Dollar (GBP/AUD) exchange rate will, however, remain sensitive to political developments surrounding US-China trade discussions and the ongoing Tory leadership race.

by | July 03, 2019 | 01:54

Investors will likely bet Lagarde will share Draghi's taste for aggressive and innovative monetary policy and her appointment would mean the more hawkish Bundesbank President Jens Weidmann misses out. Although not trained as a economist, Lagarde has spent the past eight years at the helm of the Washington-based International Monetary Fund. Furtehr down, we look into what this could mean for the European Central Bank policy and euro.

by | July 02, 2019 | 00:26

The report said the Korean companies could take this opportunity to streamline their inventories, as the chip and display industries are in a supply glut. "It is not a retaliatory measure", Deputy Chief Cabinet Secretary Yasutoshi Nishimura said, noting the measure came about because of overall difficulties in "maintaining a relationship of trust with South Korea in carrying out export controls".

by | July 02, 2019 | 01:04

Mr Trump on Saturday announced American companies would "continue" to do business with the beleaguered tech giant. Xi, for his part, recounted the era of "ping-pong diplomacy" that helped jump-start U.S. He has said the new tariffs, which are paid by USA importers and usually passed onto consumers, might start at 10 per cent. President Donald Trump's decision to allow expanded sales of US technology supplies to Chinese telecommunications giant Huawei will only apply to products widely ...

by | June 30, 2019 | 01:04

Inflatable slides were used to deplane passengers on the runway Saturday morning. "It sounds like everyone on that flight is safe and that's good to hear", ‏she said , citing updates from her captain. that both inbound and outbound flights were stopped due to the emergency, but tweeted at 9:37 that flights have resumed with delays. The airport reopened almost an hour later, CBS New York reported.

by | June 27, 2019 | 01:08

U.S. chipmakers continue to sell product to Huawei, despite a Trump administration ban on the sale of United States technology to the Chinese telecom giant. The company estimated fiscal fourth-quarter revenue of $4.3bn to $4.7bn, with a midpoint slightly below analysts' estimates of $4.56bn, according to data from Refinitiv.

by | June 27, 2019 | 00:53

But he also argued that agreeing to a clear pathway to economic prosperity for the Palestinians is a "necessary precondition" to resolving the conflict . Some Gulf Arab states, like Saudi Arabia and the United Arab Emirates, voiced qualified support for Kushner's plan, while Qatar sent top officials but made no public comment.

by | June 27, 2019 | 01:39

Talking about the central bank's future monetary policy move during an event held by the Council on Foreign Relations in NY on Tuesday, Powell admitted that he and his colleagues have been grappling with the question that "whether these uncertainties will continue to weigh on the outlook and thus call for additional policy accommodation".

by | June 26, 2019 | 00:48

The combination could solve those problems for AbbVie Inc., based in North Chicago, Illinois, and Allergan , which is based in Dublin on paper but operates from headquarters in Madison, New Jersey. "Humira is buying the assets that replace it over the long term", said Gonzalez, who will lead the combined company and remain chairman and chief executive through 2023.

by | June 25, 2019 | 00:50

Recounting her ordeal on Facebook , the woman said she attempted to phone a friend but her phone immediately ran out of battery and she was unable to charge it as the plane's power had been turned off. Toronto Pearson International Airport did not respond to a request for comment late Sunday. The carrier is looking into how staff did not spot passenger Tiffani Adams who was then left on board after the plane landed.

by | June 25, 2019 | 00:41

Major thoroughfares were packed with cars honking their horns, passengers hanging out of windows and waving Turkish flags through sunroofs. Istanbul mayor Ekrem İmamoğlu is likely to emerge as a key rival to President Erdoğan in the next round of elections, which are now scheduled for 2023.

by | June 24, 2019 | 02:02

A woman said she woke up from her flight only to find the plane was empty and dark. Tiffani Adams said the incident, documented in detail on Air Canada's Facebook page and now under review by the airline, took place on a June 9 flight from Quebec City to Toronto's Pearson International Airport.

by | June 23, 2019 | 01:24

Rep. Maxine Waters (D-Calif.), who chairs the powerful House Financial Services Committee, called on Facebook to place a "moratorium" on the launch until Congress and other regulators can explore its potential impact. The real fact is that Facebook is a platform for billion users across the world and anything concerning cryptocurrency is a matter that eventually raised the eyebrows of regulators.

by | June 22, 2019 | 01:05

Apple stated that the battery on these units may overheat which of course, made it a safety risk. Apple is asking customers to stop using the affected laptop. The serial number is printed on the underside of the Mac, near the regulatory markings. The program is for battery replacement only. Apple will be replacing batteries free of cost on these laptops.

by | June 21, 2019 | 01:42

It remains unclear when that might happen. Since the Fed's last meeting in May, Trump has renewed his trade fight with China, threatened tariffs on Mexico and given Japan and Europe six months to reach a trade agreement with the United States or face auto tariffs.

by | June 20, 2019 | 02:20

The court said the mark was not a pattern but an "ordinary figurative mark" and it was not relevant to take into account specific uses involving colors. The ruling is the latest round in a long legal tussle between Adidas and Belgian rival Shoe Branding Europe, which won trademark status for a two-stripe design, triggering court action from the German firm.

by | June 20, 2019 | 01:49

Mr Khashoggi was last seen entering the Saudi consulate on October 2, 2018, where he was obtaining papers for his forthcoming marriage. "Joints will be separated", Tubaigy told Mutreb, according to Callamard's report . In that context, "there is credible evidence warranting further investigation of high-level Saudi officials' individual liability, including the crown prince's", the report said .

by | June 19, 2019 | 01:06

What just happened? We knew that it was being developed, and now Facebook's confirmed it: the social network has officially announced that its cryptocurrency, Libra , will launch next year. Switzerland's financial watchdog said it was in contact with the initiators of the Libra project but declined to comment on whether it was obtaining specific regulatory permission or status.

by | June 19, 2019 | 02:02

AOC explained "to the shrieking Republicans" that her use of the phrase concentration camps "is not hyperbole". Another day in Trump's America, where the main debate between members of Congress is whether or not the kids concentrated in camps at the border are indeed in concentration camps .

by | June 16, 2019 | 01:51

The squeeze has driven up the cost of shorting the Hong Kong dollar, which also contributed to the one-day jump. Japan's Nikkei 225 index lost 0.4% to 21,129.72 and the Kospi in Seoul shed 0.1% to 2,108.75. The market on Monday welcomed news of a megamerger between Raytheon and United Technologies, but the stocks dropped sharply Tuesday. China stocks recovered from earlier losses on Thursday, as Chinese vice premier called for fresh measures to support the economy amid a bruising trade ...

by | June 15, 2019 | 01:04

Following the blast, the USA said it has proofs that Iran was behind the attacks while Reuters recently quoted anonymous official mentioning that the video clip clearly shows Iran's Revolutionary Guard (IRGC) approaching the vessel and removing the mine.

by | June 15, 2019 | 00:34

India is preparing to impose higher tariffs on some U.S. goods including almonds, walnuts and apples next week after a delay of about a year, two sources said, following Washington's withdrawal of key trade privileges for New Delhi . U.S. secretary of state Mike Pompeo is scheduled to visit New Delhi on June 25-26, on his way to the G20 Summit, to hold bilateral discussions with his Indian counterpart, external affairs minister S Jaishankar.

by | June 14, 2019 | 02:12

OPEC is now scheduled to meet in Vienna on June 25 to decide output policy for the rest of the year. OPEC, Russia, and several other producers began to reduce supply in January 2017 in an attempt to erase a glut. There is a debate obviously within the country about the exact volume that Russian Federation should be producing in the second half."The coalition has yet to decide when it will meet to address the supply accord".

by | June 13, 2019 | 02:28

The Uber Air services will carry four passengers and a pilot, and will take off and land from designated hubs called "skyports". The programme will "open up urban air mobility and help alleviate traffic congestion on the ground using shared air taxis, also known as electronic vertical takeoff and landing (eVTOL) aircraft", the company said.

by | June 08, 2019 | 01:53

Mama Crockett's Cider Donuts in Lynchburg is partnering with delivery company, WaitrApp, to give out a FREE half dozen donuts with FREE delivery of Mama Crockett's Donuts. Bethel Bakery is offering a free, glazed doughnut for every customer! Funfetti brioche doughnut with rainbow glaze at OAK Bar + Kitchen. Donut King: This North Kansas City shop is serving up a sweet deal Friday.

by | June 08, 2019 | 00:32

Facebook has blocked Huawei from offering its applications pre-installed on new smartphones, in the latest development to the ongoing trade war between the United States and China. Without such tech, Huawei's Android rival could be prone to cyberattacks, and this could eventually backfire against the U.S. government. In the report, Google argues that when Huawei devices that ship with their own version of Android start selling across the world would be a serious threat to U.S.

by | June 07, 2019 | 01:32

The weighted average marginal cost lending rate of banks has, however, risen from 10.38 per cent in January to 10.42 per cent in April 2019. The six-member monetary policy committee (MPC) cut the repo rate to 5.75% as predicted by 44 of 66 analysts polled by Reuters last week.

by | June 07, 2019 | 00:53

Ford, which will take a roughly $650-million pre-tax charge to cover the cost of closing the plant, is making cuts in several countries to turn around loss-making operations in a stagnating European vehicle market. And in January, Jaguar Land Rover said a substantial proportion of 4,500 worldwide job losses would come from its United Kingdom workforce. Ford will continue to operate factories in the United Kingdom - diesel engines will continue to be built in Dagenham, while production of ...

by | June 05, 2019 | 01:41

Liang accused the US of inappropriate conduct, while at the same time striking a conciliatory tone - a response reflecting a level of exasperation now felt by the Chinese tech giant. President Trump signed a bill in 2018 banning both Huawei and ZTE's devices. The ban is going to take full effect later this summer. If the effort "to reduce [China's] overall dependence on the USA tech sector is successful", warned Stamos, who's now a Hoover fellow at Stanford University, China "could emerge ...

by | June 05, 2019 | 02:14

The Irish Independent reported that even this short-stay will cost around $11.25m, much of which will be spent on a "ring of steel" around Trump . Colbert also noted that Trump and Queen Elizabeth exchanged gifts today , with Her Royal Highness bestowing upon His Royal Hairness a first-edition copy of Winston Churchill's World War II book.

by | June 04, 2019 | 01:49

AMD announced that Samsung will leverage its RDNA graphics architecture for "ultra low power, high performance mobile graphics", and the partnership is particularly significant because it marks AMD's reentry into the mobile space. The idea of a phone with the horsepower of a home game console has always been an exciting prospect, and now Samsung is partnering up with hardware manufacturer AMD to (hopefully) make it happen.

by | June 03, 2019 | 02:08

Senior Chinese academics and officials yesterday said the U.S. would come to rue its decision to fight a trade war with China. Following the Trump administration's blacklisting of Huawei Technologies Co., President Xi and China could now consider halting the exports of rare-earth materials to the United States .

by | June 03, 2019 | 01:28

Administration officials made the rounds of Sunday television talk shows with a week to go before Trump's June 10 deadline to impose the 5 percent tariff on Mexican goods. Those hopes were dashed Thursday, when Trump announced potential tariffs on Mexico, even as the Mexican legislature was preparing to soon consider the US-Mexico-Canada trade agreement.

by | June 02, 2019 | 02:29

Hence, we wish to activate WTI crude directional hedge, by adding shorts CME WTI futures for June delivery for arresting downside risks in short-run, simultaneously, go long in CME WTI futures of August'2019 month deliveries. The API data were released as oil prices are benefiting from output cuts by the major producers and falling supplies from Iran. Iranian May crude exports dropped to less than half of April levels, at roughly 400,000 barrels per day (Bpd) after the US tightened ...