Finance

It is clear world in recession, says International Monetary Fund chief

MORE NEWS THIS CATEGORIES

Fitch Ratings cuts outlook for Australia's Westpac, ANZ to 'negative'

The outlook revision "reflects the risk that ANZ's focus on remediating operational and compliance risk issues and culture may result in the diversion of resour...

IMF Managing Director, Christine Lagarde, Explains Why She's Quitting

Ms. Lagarde issued a statement today which was made available to SaharaReporters. She did not immediately quit the International Monetary Fund because of unce...

Bill Gates No Longer Planet's 2nd Richest

Jeff Bezos , Amazon CEO, is still the world's richest man with a net worth of $125 billion, even after reaching a divorce settlement with his wife, MacKenzie Be...

Lotus announces Evija EV hypercar

The name Evija means "the first in existence" or "the living one", and is described as "highly appropriate" by the manufacturer. It is afterall, the company's...

MG ZS EV: first 1000 United Kingdom buyers receive £7000 discount

Hyundai Motor India Limited (HMIL) made a huge impact on the EV space by launching the Kona Electric last week with a price tag of Rs. 25.3 lakh (ex-showroom...

Cameco shares down after company says it is "disappointed" with ruling payout

Uranium producers in Canada had been watching the USA closely for the past year as that country's Commerce Department started investigating whether restrictions...

Facebook's Libra cryptocurrency attacked at Senate hearing

But, soon after the announcement in June, Facebook was back in the hot seat. Facebook's plan has raised some serious concerns, with senator Sherrod Brown ...

Canada June inflation rate drops to 2.0% on lower gas prices

The report said fresh vegetables saw their biggest price acceleration since January 2016, an increase likely caused in part by poor weather in farming regions. ...

U.S. housing starts fall; permits hit two-year low

While troubling on the surface, Robert Dietz, NAHB chief economist, sees this as a potential signal of permit growth ahead, noting that single-family units auth...

Portillo's celebrates National Hot Dog Week with two-for-$5 special

All American Pub: (Charlotte, NC): Buy one get one free hot dog . To claim this deal, get the barcode on Loves .com, on the Love's app or via Loves' social...

Amazon Prime Day Offers Major Discount on PS4 Pro 2-Game Bundle

Amazon has repeatedly made news over allegations that the manner in which it treats its employees around the world and the monetary compensation given to them ...

JPMorgan profit rises 16% on tax gain

BMO Capital Markets boosted their target price on Citigroup from $92.00 to $93.00 and gave the stock an "outperform" rating in a research report on Monday ...

Profits jump: Strong consumer business boosts Bank of America earnings

Revenues at the Charlotte-based bank were $23.1 billion, up from $22.5 billion a year ago. "Our commitment to responsible growth resulted in the best quarter ...

JPMorgan's earnings beat forecasts, but rate cuts cut into its outlook

Wells Fargo reported better-than-expected earnings despite lower interest income in the second quarter, a potential concern for investors with a Fed interest ra...

Singapore Exports Decline More-Than-Forecast

For the month of May, NODX fell by a revised 16.3%. Electronic shipments, which have been on a broadly downward jag since December 2017, continued to worsen. ...

E-cig boss apologises to parents over child vaping

Asked how he would defend his company's products to a parent of a child hooked on vaping, Burns said, "First of all, I'd tell them I'm sorry their child is usin...

NEW STATS: Record number of visitors to southern reef

The Surveys show that total overnight visitor spending has now reached a record $118.9 billion, surpassing the Federal Government's ambitious target of reaching...

London House Prices Fell in May at Fastest Rate Since 2009

The largest offsetting upward contributions to change came from clothing and food. United Kingdom property prices were nearly flat between May and June as fea...

AirPods with Wireless Charging Case Is Lowest Price Ever for Prime Day

With "Hey, Siri" support, you can do everything from adjust the volume and change songs to make calls and get directions. "Initial pairing and switching conne...

Domino's Pizza Falls After Posting Mixed Q2 Earnings, Weak Sales

The firm earned "Overweight" rating on Thursday, April 25 by Morgan Stanley. Stephens maintained it with "Overweight" rating and $32500 target in Thursday, Apri...

Disneyland Pay Brings Complaint-From a Disney

Disney heiress Abigail Disney went undercover at Disneyland. Abigail Disney appeared on Monday's episode of the Yahoo News podcast " Through Her Eyes " an...

Citigroup Q2 earnings boosted by fixed income, cost-cutting

If the Fed cuts rates, it will force banks to cut their interest rates as well. The United States Federal Reserve is heavily considering lowering interest rat...

Rio quarterly iron ore production hit by cyclone

As previously advised, enhanced geotechnical information and data modelling suggests that there may be some stability risks identified with the approved mine de...

Gold eases as robust U.S

A later flat reading of U.S. industrial production in June, missing even the forecast for weak growth of 0.1%, briefly pulled gold back from intra-day lows in...

Lord Chancellor announces new discount rate for personal injury claims

The higher the Ogden rate, the less insurers have to pay out. He said: "David Gauke is to be congratulated for resisting pressure from the insurance lobby to ...

USA industrial production unchanged, import prices are further down

In May, production in the American industry increased by 0.4 percent. Gains in manufacturing as well as mining, which was up 0.2% in June, offset a 3.6% decli...

Huawei is set to lay off hundreds of U.S. workers after blacklisting

Huawei's Chinese employees in the United States were being given an option to return home and stay with the company, another person added. "We're talking abo...

The new mid-engine Corvette hits the starting blocks this week

The Corvette's V8 has been traditionally installed under the hood, but will now be centrally positioned behind the passenger compartment. Aside from the redes...

This BMW M5 Competition Cop Car Is Ready For Action

The transmission is eight-speed automatic. Acceleration from 0-100km/h is claimed in just 3. 3 seconds , while the top speed for the highway patrol auto is 305...

United Kingdom wage growth up to 3.6 per cent in "tight" labour market

Hughes added: "The number of self-employed part-timers has passed one and a half million for the first time, well over double what it was 25 years ago". "The la...