Finance

Malcolm Turnbull's leadership in tatters as key ministers abandon the PM

Malcolm Turnbull's leadership in tatters as key ministers abandon the PM The tactic of swapping leaders in the hope of boosting governments' standing in opinion polls as elections loom has left parties bitterly divided. Mr Sukkar said the prime minister had asked him to provide "unequivocal support" for him in any future ballots after voting against him in Tuesday's leadership spill. [Full Article...]

Britain's foreign minister says Russian Federation is making the world more risky

Britain's foreign minister says Russian Federation is making the world more risky When asked if the U.S. was eager to continue with the sanction policies and even strengthen them if Moscow doesn't change its behavior, the assistant secretary of state replied with a confident: "Yes". The prospect of another summit between the two leaders has been postponed until next year due to the ongoing investigation into alleged Russian interference in the 2016 USA presidential election a... [Full Article...]

Venezuelan currency devaluation called "scam"

Venezuelan currency devaluation called Maduro set the new monthly minimum wage at 1,800 sovereign bolivars , the new currency that goes into effect Monday. Those measures - revealed in a speech to the nation late Friday - include a massive minimum wage hike, the fifth so far this year. [Full Article...]

South Africa opens inquiry into corruption during Zuma rule

South Africa opens inquiry into corruption during Zuma rule Deputy chief justice Raymond Zondo , who is heading the body, said on Monday that the commission's work had already been delayed because the state security agency had been dragging its feet in granting the security clearances needed to proceed with investigations. [Full Article...]

Oil dips on concerns of slowing economic growth

Oil dips on concerns of slowing economic growth In Europe October Brent crude futures were up 40 cents, or 0.6%, to $US71.83 a barrel but still down 1.3% for the week. Analysts surveyed Monday by S&P Global Platts were expecting latest U.S. U.S.net import increased by 1.34 million barrels per day during the week. Anas Alhajji, an energy economist based in Dallas, Texas, told Xinhua that "Unlike the past, USA weekly crude oil inventories... [Full Article...]

EU Won't Budge In Brexit Negotiations, Says Michel Barnier

EU Won't Budge In Brexit Negotiations, Says Michel Barnier London will have to hold continuous Brexit negotiations as fears grow that Britain could leave the European Union next year without a deal, it was said this evening. Mr Barnier, and his British counterpart Dominic Raab, were providing an update on the negotiations in Brussels. The EU's negotiator said his goal was to strike a future partnership of "unprecedented" scope with the UK. [Full Article...]

ConocoPhillips, PDVSA agree on $2B settlement

ConocoPhillips, PDVSA agree on $2B settlement Monday's statement from the Houston-based group said that PDVSA has agreed to recognise the judgment by an global arbitration panel and will make the first £390m payment within 90 days and the rest over a period of some four years. Previous agreements by the Venezuelan government and its state-run companies over dozens of arbitrations and legal claims related to late President Hugo Chave... [Full Article...]

Oil prices fall amid fears over global economic growth

Oil prices fall amid fears over global economic growth U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are edging higher early Friday after shrugging off earlier weakness. The crisis gripping the Turkish lira has rattled other emerging markets and reverberated across equities, bonds and raw materials, Reuters reported. [Full Article...]

U.S. stocks climb as investors welcome solid company earnings

U.S. stocks climb as investors welcome solid company earnings The S&P index recorded 15 new 52-week highs and no new lows, while the Nasdaq recorded 51 new highs and 13 new lows. On Tuesday, the S&P 500 . SPX rose as high as 2,873.23, topping the previous record of 2,872.87 set on January 26, and is poised to become the longest-running bull market in the index's history on Wednesday. [Full Article...]

Trump demands Fed help on economy, complains about interest rate rises

Trump demands Fed help on economy, complains about interest rate rises The central bank is created to be independent from political interference. A Fed spokesman declined to comment on Trump's remarks on Monday. Powell also told Scott, according to the lawmaker, "that the president has not weighed in with him at all on interest rates whatsoever, or on any role the Fed has". [Full Article...]

The Funniest Michael Cohen and Paul Manafort Tweets :: Comedy :: Lists :: Donald Trump

The Funniest Michael Cohen and Paul Manafort Tweets :: Comedy :: Lists :: Donald Trump Previously, Cohen said he paid off Trump's mistress Stormy Daniels out of his own pocket. That candidate was Trump. NEW YORK, USA - Michael Cohen , Donald Trump's longtime lawyer and fixer, pleaded guilty Tuesday, August 21, to 8 counts, including violations of campaign finance rules during the 2016 presidential race - and implicated his former boss in the process. [Full Article...]

US sanctions Russian firms, vessels over North Korea oil transfers

The statement came shortly after the Treasury slapped punitive sanctions on two Russian shipping firms and six Russian-flagged vessels linked to the firms for violating economic sanctions on North Korea. The US has blacklisted numerous major Russian corporations and powerful figures, both from government and business, in the circle of President Vladimir Putin. [Full Article...]

Trump says there will be "no concessions" with Turkey

Trump says there will be Brunson , a North Carolina native who has lived in Turkey for more than 23 years, has been accused of assisting the coup attempt against Turkish President Recep Tayyip Erdogan . "I got that person out for him". In response, Turkey raised tariffs on several USA -made goods, including alcohol and tobacco products as well as vehicles. [Full Article...]

United Kingdom to Call for More Sanctions on Russian Federation

United Kingdom to Call for More Sanctions on Russian Federation But earlier this month, the United States, citing the Salisbury incident, imposed sanctions that, starting on August 22, will bar Russian Federation from buying sensitive US technology goods. The issues that Mr. Hunt plans to raise with Mr. Pompeo and his team include the US withdrawal from the 2015 nuclear accord with Iran-a move strongly opposed by the U.K, France and Germany-along with USA effo... [Full Article...]

Trump (Again) Expresses His Displeasure with Federal Reserve Raising Interest Rates

Trump (Again) Expresses His Displeasure with Federal Reserve Raising Interest Rates And a narrow gap between short-term and long-term U.S. Treasury debt yields has the attention of several Fed policymakers as a signal that growth is set to slow, and further rate hikes could trigger a recession. "It certainly breaks a few norms for a sitting President to not only comment publicly on past Fed action, but also on potential future action as well". [Full Article...]

Plane blows tires at New Jersey airport, prepares for crash landing

Plane blows tires at New Jersey airport, prepares for crash landing It was originally heading to London's Luton Airport and took off around 10:50 a.m., the FAA said. Rap superstar Post Malone is now in a precarious spot, aboard a private jet about to make an emergency landing. The Federal Aviation Administration confirmed to the Associated Press that the plant had been rerouted to Westfield-Barnes Regional Airport. This is a developing story ... [Full Article...]

Alarm over Donald Trump complaints about his pick for US Fed chair

The dollar, on the ascent in recent months thanks to Fed rate rises and a robust United States economy, stumbled after Trump's latest criticism of the central bank. "Trump extended his criticism yesterday to the FX market, stating that "I think that China's manipulating their currency, absolutely. The other countries are accommodated", Trump said". [Full Article...]

2 'baaaaad' goats loose on Brooklyn subway tracks have been safely removed

2 'baaaaad' goats loose on Brooklyn subway tracks have been safely removed The pair were apparently captured with the help of U.S. comedian Jon Stewart and his wife Tracey, who transported them to a nearby animal shelter. Stewart, the former host of The Daily Show , is a long-standing animal welfare activist. [Full Article...]

French oil major Total backs out of Iran as U.S. sanctions bite

French oil major Total backs out of Iran as U.S. sanctions bite A new round of sanctions on Iranian oil sales is scheduled to kick in later this year. The pact had rolled back sanctions against Tehran in exchange for a reduction in the country's nuclear abilities. China has reportedly started to use Iranian ships to transport crude oil to its refineries to avoid the impacts of United States sanctions against the Islamic Republic. [Full Article...]

Plastic pollution: 'Stop flushing contact lenses down the loo'

Plastic pollution: 'Stop flushing contact lenses down the loo' Over the last decade, the use of softer plastic contact lenses has grown rapidly with people using daily, weekly or monthly disposables in greater numbers than ever before. Further, the plastics used in contact lenses are different from other plastic waste, such as polypropylene, which can be found in everything from vehicle batteries to textiles. [Full Article...]


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