Money

Sears hires advisers to prepare bankruptcy filing

Shares of Sears, which traded as high as $144 over a decade ago, closed Tuesday at 59 cents, a sign that investors are bracing for a potential bankruptcy filin...


BP Chief: Saudi Arabia Is Holding Back Production

The industry has been worrying that an entirely effective ban on Iranian oil exports would strain supplies. Additionally, a report that Saudi Arabia stands re...


International Monetary Fund forecasts 7.1% economic growth for 2019

The global crisis lender, which in Indonesia this week is staging its annual meetings with the World Bank , cut its outlook for global GDP on Monday by two ten...


ChiXi Consultants - China Moves to Boost Liquidity amid US Trade War

With the full impact of US trade tariffs still to be felt and China's economy waning, policymakers are changing their urgencies to reduce risks to growth, wit...


Oil price drops to $83 on signs of Iran’s exports

Besides, New Delhi sought to get around the restrictions by supplying goods including wheat, soybean meal and consumer products to Iran in exchange for oil. T...


Pret A Manger confirm second customer died after allergic reaction

Now the company has confirmed that, following Ednan-Laperouse's death on board a British Airways flight in 2016, a second person passed away previous year after...


Rupee ends Monday at fresh low of 74.07 to United States dollar

Falling for the sixth straight sessions, it finally closed at 74.39 against the United States dollar, down by 33 paise. Prime Minister Narendra Modi's governm...


Huawei teases Mate 20X as a gaming smartphone with a cooling system

The company is teasing that it is hosting an event in London on October 16 for the new Mate 20X smartphone with a tease of #HigherIntelligence (so expect AI t...


India buying Iran oil in defiance of Trump sanctions

Indian Oil Corp (IOC) Chairman Sanjiv Singh said his company is among the two which have placed order for November. The Indian Oil Corporation and Mangalore R...


Amazon raises the minimum wage for employees

Earlier this year, it became public knowledge that despite its CEO being named the world's richest man - valued at approximately USA $165 billion - it was not u...


Jaguar Land Rover plans two-week closure as demand falls

The company's sales in China declined by 46.2 per cent during September compared to the same month previous year as ongoing market uncertainty resulting f...


PayPal agrees to pay extra £2.7m in tax following HMRC review

Accounts filed last week on Companies House revealed the social media giant's profits for its United Kingdom office, which covers expenses on marketing, sales a...


Global growth has plateaued at 3.7 per cent; clouds on the horizon

India's medium-term growth prospects remain strong at 7.75 per cent, benefiting from ongoing structural reform, but have been marked down by just under 0.5 perc...


U.S. considers sanction waivers on countries reducing imports of Iranian oil

Pradhan said he had spoken to Saudi Oil Minister Khalid al-Falih two day earlier about the June decision by OPEC and major oil producers to add 1 million bpd ...


Italy says 'no plan B' to spending plans despite EU alarm

The politician also said he hoped next year's European parliamentary elections would change the EU political landscape. Mr Juncker said: "It is up to Ital...


US Govt Backs Apple, Amazon Denials of Spy Chip Report

On Thursday, Bloomberg Businessweek claimed that tiny spy chips were secretly installed in servers of nearly 30 American companies, including a major bank, go...


President's office says 'not aware' of Nene request to be sacked

The Minister of Finance, Nhlanhla Nene, has reportedly offered his resignation to President Cyril Ramaphosa. The Sunday Times has learnt that when he was reap...


Facebook's United Kingdom tax bill triples to £15.7m

Media reported however that Facebook UK's net tax bill for 2017 will stand at £7.4 million, due to a tax relief credit of more than £8.4 million on employee sto...


Oil Declines on Hopes for U.S. Waivers on Iran, Saudi Assurance

LONDON-Oil prices started the week under pressure, amid reports the US could grant waivers to some buyers of Iranian crude when oil sanctions on the Islamic Rep...


SEC Asks for More Comments on Rejected Bitcoin ETFs

Only the VanEck & SolidX Bitcoin ETF , issued by major ETF specialist VanEck, concerns a Bitcoin ETF that is actually supported by bitcoins and not by ...


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