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FT: New York Fed examines banks' role in repo market drama

While there was similar turbulence in the so-called repo market in the period leading up to the financial crisis, economists say there's no need to worry this t...

India Joins RBI’s Efforts to Boost Growth With $20 Billion Plan

Ashutosh Datar, an independent economist, told AFP the tax cuts were "long overdue as India has one of the highest tax rates in the world". The Finance Minist...

Trump announces toughest sanctions 'ever' on Iran

Secretary of State Mike Pompeo during a visit to Abu Dhabi that: "While the foreign minister of Iran is threatening all-out war and to fight to the last America...

Mitsubishi Corp unit loses $320 million on unauthorised trades

The unit has closed the positions and Mitsubishi is still assessing if the trades will impact its earnings. The Petro-Diamond trader was sacked on Sept 18 and r...

Ohio’s unemployment rate up slightly in August, to 4.1%

There were actually more working Ohioans in August than in July, but the unemployment rate went up because more people were looking for work. Manufacturing ...

CannTrust says Health Canada has suspended its licence

Recovering cannabis that was not authorized by CannTrust's license. In February, it joined a handful of Canadian cannabis companies to list on the New York St...

Related Illnesses Climb As Federal Officials Reveal Criminal Investigation

State health officials in IL, where 69 cases and one death have been reported, are asking residents to fill out an anonymous online survey to describe their v...

Sensex surges over 1500 pts after corporate tax cut announcement

The benchmark Sensex Index headed for its biggest gain in a decade, climbing as much as 6.3% after the unexpected reduction. "This is a long overdue and hugel...

UAW strike completely shuts down production at Oshawa GM plant

General Motors has halted all vehicle production at its assembly plant in Oshawa, Ont., as a result of a strike by the United Auto Workers union in the United ...

Zuckerberg meets Trump, senators; nixes breaking up Facebook

Senator John Thune, the No. 2 Senate Republican and former chairman of the Senate Commerce Committee, said that Zuckerberg was meeting with Democrats on the pan...

RBI governor Shaktikanta Das calls for more structural reforms amid slowdown worries

Das addressing an India Today event here said in the first quarter the government expenditure, which has a major role in GDP numbers, was very low due to the el...

Impossible Foods is Making Their Grocery Debut Tomorrow!

Along the way, the Impossible Burger has maintained its relevance by probably being the most authentically-meaty meatless burger on the market . But all this t...

Saudi Arabia Shuts Pipeline to Bahrain After Oil Outage: Trade Sources

The weekend drone attack on one of the world's largest crude oil processing pl. "A loss of 5 million barrels per day of supplies from Saudi Arabia can not b...

UK Inflation At 32-Month Low

The drop came despite a sharp fall in the value of sterling in August as the Brexit crisis escalated, although it took more than a year for inflation to peak ...

Pompeo favors 'peaceful resolution' to Saudi crisis

Secretary of State Mike Pompeo , who while on a trip to the region earlier referred to Saturday's attack in Saudi Arabia as an "act of war ". Earlier, in...

Facebook's Libra in regulators' sights as ECB's Coeure warns of 'stablecoin' risks

The U.S. social media giant's Libra project is the most well-known of the stablecoins, a certain form of cryptocurrency backed by assets such as traditional...

Flight makes emergency landing after issue with cabin pressure

Despite the harrowing ordeal, a Delta spokesperson told the Miami Herald that the plane landed without issue shortly after 5 p.m.in Tampa " out of an abundanc...

FedEx profit falls, company cites uncertainty over trade

The Memphis, Tennessee-based company failed to renew contracts with Amazon for US ground deliveries and air shipments as the ecommerce retailer builds out its o...

In a fillip to manufacturing, corporate tax rate slashed for domestic firms

She said, "The total revenue foregone due to the relief provided stands at Rs 1.45 lakh crore per year". Banks would be encouraged to include new retail custome...

President Trump says Fed Chair Powell's job is 'safe'

But the outlook becomes hazier in 2020 as at least two officials expect a rate hike. USA consumers have continued to make big purchases as they enjoy a 50-year ...

Airbnb plans stock market splash in 2020

Investors may be cautious after some big IPO flops this year. The IPOs of Uber and Lyft slumped after going public, with investors questioning the two com...

MPC keeps repo rate unchanged

Demand side pressures remain subdued and food, wages and rental prices are expected to increase at moderate rates. The Committee said Brexit-related developme...

Saudi oilfield attacks 'had zero impact on economy,' says finance minister

Rumayyan told a news conference that the Aramco IPO would "continue as it is" despite weekend attacks on the company's oil facilities. "The train has left the...

Banks to hold public meetings with NBFCs in 400 districts: Sitharaman

The government release said bank disbursement stood at ₹11.83 lakh crore for the MSME sector in FY 2018-19 compared with ₹8.53 lakh crore in FY 2017-18. In Octo...

Iran's Khamenei Approved Attack On Saudi Arabia

The top US diplomat said there was "enormous consensus" that Iran was responsible for the middle-of-the-night missile and drone attacks last weekend that at lea...

European Union tax order 'defies common sense' - Apple

Apple's delegation to the EU's General Court in Luxembourg, the bloc's second-highest court, has lashed out at the European Commission's record 2016 fine. Other...

US Federal Reserve cuts interest rates for second time

The Federal Reserve lowered rates from between 2 per cent and 2.25 per cent to between 1.75 per cent and 2 per cent. Kuroda also said he now feels more incl...

Period-tracking apps are sharing deeply-sensitive data with Facebook

Two popular period-tracking apps are believed to have shared their users' personal information - including details about users' sexual activities, menstrual cyc...

Gold Medal Flour Is Being Recalled Over Possible E. Coli Contamination

The FDA added that all flour should not be consumed raw, and that fully cooking flour kills of E. coli . Have you ever thought about raw flour being kind of ri...

Second British Airways pilots' strike called off

The union representing the majority of British Airways pilots, the British Airline Pilots Association (BALPA), has announced the decision to pull the planned ...