Money

Jaguar Land Rover posts quarterly loss and takes £3.1bn hit

Jaguar Land Rover posts quarterly loss and takes £3.1bn hit JLR now finds itself in a precarious position and faces a double whammy - poor sales in China , which has been its growth engine so far, and prospects of large scale disruption in the event of a hard brexit . Revenue came in at £6.2 billion as the firm sold 144,602 vehicles in the period, a decline of 6.4% primarily as a result of "continued challenging market conditions in China". [Full Article...]

National Pizza Day deals that are too good to pass up

National Pizza Day deals that are too good to pass up Chuck E. Cheese: A medium one-topping pizza and two drinks for $16.99; Two large one-topping pizzas plus four drinks for $32.99; and upgrade a large pizza to an XL for free at most locations by using the code 4860 at the registers. According to the National Association of Pizza Operators, about three billion pizzas are sold in the USA each year. For today only, Mulberry Street Pizza in London... [Full Article...]

BCE Q4 net profit falls due to writedown, expenses; revenue above estimates

BCE Q4 net profit falls due to writedown, expenses; revenue above estimates Canada arrested Huawei Chief Financial Officer Meng Wanzhou in Vancouver on December 1, after a USA request. It also comes as Huawei faces heightened scrutiny around the world. However, BCE chief financial officer Glen LeBlanc told analysts the wireless segment performed well in terms of subscriber profitability and cash generation. [Full Article...]

Ford Chicago Plants: What Does A $1 Billion Investment Mean?

Ford Chicago Plants: What Does A $1 Billion Investment Mean? Additional upgrades will be made to plant facilities, including implementation of 3D printing technology. It was revealed that it is not just Ford Motors but other automakers are also cutting back on producing the traditional cars in favor of the bigger sports utility vehicles and trucks. [Full Article...]

Maduro: Venezuelans not ‘beggars,’ give humanitarian aid to Colombians

Maduro: Venezuelans not ‘beggars,’ give humanitarian aid to Colombians He said the aid should be given to the poor in the Colombian city of Cucuta, where the supplies are being stockpiled. Lester Toledo, who is representing opposition leader Juan Guaido in the aid mission, issued a message to troops, telling them the aid contains food and medicine their own families need. [Full Article...]

Train began rolling on its own before fatal derailment: TSB

Train began rolling on its own before fatal derailment: TSB Waldenberger-Bulmer said that when he was growing up, he fought with his twin "like any other siblings". Further details on the horrific crash that claimed three lives are expected to be released after a CP Rail train went off the tracks near Field, B.C., on Monday. [Full Article...]

RBI cuts lending rate by 0.25%, projects GDP growth at 7.4%

RBI cuts lending rate by 0.25%, projects GDP growth at 7.4% The cut in borrowing costs in Asia's third-biggest economy comes as the economy stutters and other central banks, most notably the Federal Reserve, have sounded increasingly cautious about the global outlook. It marked the first interest rate decision under new bank chief Shaktikanta Das , an ally of Modi who was appointed in December after his predecessor, Urjit Patel, quit following a public ... [Full Article...]

BB&T, SunTrust announce $66 billion merger

BB&T, SunTrust announce $66 billion merger The combined company will retain operations in Winston-Salem, North Carolina, and Atlanta , Georgia, the home markets for both companies. In a CNBC interview, executives said the merger would allow them to invest more heavily in new technology demanded by customers. [Full Article...]

USA crude oil inventories increase last week: API

USA crude oil inventories increase last week: API Front-month contract prices marked their lowest settlement Tuesday since January 29, according to FactSet data. They touched their highest level in more than two months at $55.75 the previous day. The political turmoil raises the risk of disruption to Venezuela's oil output. Meanwhile, imports are set to drop further as the USA slapped sanctions on Venezuelan state oil company PDVSA. [Full Article...]

US Treasury Secretary Mnuchin to Visit China Next Week for Trade Talks

US Treasury Secretary Mnuchin to Visit China Next Week for Trade Talks USA president Donald Trump said in his annual State of the Union speech on Tuesday that his country's aggressive trade negotiations with China would mean an end to Beijing's alleged "theft" of American jobs and wealth. In the speech, Mr Trump signalled that the United States would take a tough stance. The study estimates that of the $250 billion in Chinese exports subject to U.S. [Full Article...]

Trump Officially Picks Conservative For World Bank Head

Trump Officially Picks Conservative For World Bank Head Nominee David Malpass , a senior official in the Treasury Department, is known as a Trump loyalist and an advocate of "pro-growth" policies who has vowed to reform the global development lending institution . But as Trump's "America First" trade agenda and tariff war with China puts strains on many developing economies, some development experts say that Malpass' candidacy will be a hard sell. [Full Article...]

No wall on White House talking points on State of the Union

No wall on White House talking points on State of the Union The House speaker traditionally introduces the president before he begins the speech. Ms Pelosi, the de facto leader of the Democrats who has refused to grant funds for Trump's wall at the Mexican border , sat relatively still while her political rival addressed Congress. [Full Article...]

Oil rises one percent on signs of tightening global oil supply

Oil rises one percent on signs of tightening global oil supply U.S. West Texas Intermediate ( WTI ) crude futures fell 70 cents , or 1.27 percent, to settle at $54.56 a barrel. In an interview with Sputnik, Venezuela's National Representative to OPEC, the technical adviser at Venezuela's PDVSA company and Petroleum Ministry Ronny Romero spoke about the impact of the U.S. [Full Article...]

Venezuela's Guaido challenging Maduro through humanitarian aid

Venezuela's Guaido challenging Maduro through humanitarian aid In a stern warning, embattled Venezuelan President Nicolas Maduro said that US President Donald Trump risks "staining his hands with blood" if he attempts to pursue military action in his strife-torn South American country. But Trump has appeared to relish the fight against President Nicolas Maduro, a leftist firebrand fond of criticizing U.S. foreign policy who presides over a crumbling eco... [Full Article...]

Donald Tusk says Brexit supporters deserve 'special place in hell'

Donald Tusk says Brexit supporters deserve 'special place in hell' Although it is the outcome that all parties involved in the negotiations say they wish to most avoid, the intransigence of the European negotiating team has the inevitable impact of pushing the United Kingdom closer to a so called no-deal Brexit - a full and clean break from the European Union . [Full Article...]

Trump to Nominate David Malpass to Head World Bank

Trump to Nominate David Malpass to Head World Bank Among its key missions is helping combat poverty in developing countries. China is the World Bank's third largest shareholder after Japan, with about a 4.5 percent share of voting power. Kim, first nominated by former US president Barack Obama in 2012, stepped down on February 1 to join private equity fund Global Infrastructure Partners, more than three years before his term ended, amid differen... [Full Article...]

Google parent company reports impressive growth in Q4 and FY 2018

Google parent company reports impressive growth in Q4 and FY 2018 Alphabet's Other Bets business, which includes its self-driving auto company Waymo and health-tech venture Verily, saw revenue rise to $154 million, up from $131 million in the year-ago period. The valuation doesn't reflect Alphabet's net cash of $105 billion, or about $150 a share, and includes the losses in the company's nascent "other bets" businesses such as Waymo, the leader in autonomous-dri... [Full Article...]

Liberals agree to implement FOFA, a decade too late

Liberals agree to implement FOFA, a decade too late Hayne's recommendation that mortgage broking be moved fully to a fee-for-service model in which borrowers would pay brokers, not the banks, has too many people anxious - not just mortgage brokers, but people concerned about banking competition. [Full Article...]

State of the Union Address: Unity or Emergency? - Mish Talk

State of the Union Address: Unity or Emergency? - Mish Talk They will sit with first lady Melania Trump during the address. Trip: US President Donald Trump and son Barron en route to Florida for the weekend. According to the report , the president can invoke these powers without declaring a national emergency. Is Trump willing to take the risk? The opposition party made it clear that there would be no compromise in 2018 by staying seated during ... [Full Article...]

Elon Musk Unveils SpaceX's 1st Rocket Engine Test for Starship Rocket

Elon Musk Unveils SpaceX's 1st Rocket Engine Test for Starship Rocket The Raptor let out a thunderous roar as it fired up. Musk , who posted about the event on Twitter , congratulated his team with a message about the successful test. The first launches of the full-scale Starship-Super Heavy duo could follow in relatively short order. Before that can happen, SpaceX needs to make sure its engines are working as intended, and a test firing conducted on Sunday sugges... [Full Article...]


« Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47  Next »