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Finance

Renault and Nissan Motor Co.'s chairman Carlos Ghosn listened during a media conference, October 2017, outside Paris , France. According to NHK and the Kyodo News Service, Nissan paid Ghosn almost $89 million over five years through March 2015, including salary and other income from the company, but reported as if he only made 5 billion yen ($44 million), or half of what he had received.
  • Trump Administration Announces New Iran Sanctions, Possible Waivers for China, Others

    Trump Administration Announces New Iran Sanctions, Possible Waivers for China, Others

    Finance

    Iranian state television aired footage of defense drills taking place in the country's north through Tuesday as President Hassan Rouhani said the nation faces a "war situation" against a "bullying enemy". "In 2019, our projections are that oil supply will exceed demand, and that creates a much better atmosphere for us to bring remaining nations to zero as quickly as possible", Hook said.
  • Amazon’s gift? Free holiday shipping for everyone

    Amazon’s gift? Free holiday shipping for everyone

    Finance

    Target last month said it would offer free two-day shipping on hundreds of thousands of items, with no minimum order size, from November 1 to December 22 - a move created to keep customers looking to shop online from defecting to rivals like Amazon or Walmart, which both charge for expedited shipping.
  • Trump, Xi upbeat on ending trade war

    Finance

    The U.S. and Chinese presidents will "certainly" meet at the G-20 summit in Argentina, White House trade adviser Peter Navarro said Friday. Despite the promise offered by the Trump-Xi telephone call, the level of tension between the two nations was demonstrated just hours after it ended when the U.S.
  • Russia, US, Saudi Arabia produce 33% of global oil supplies

    Russia, US, Saudi Arabia produce 33% of global oil supplies

    Finance

    Moreover, Saudi Arabia's Energy Minister Khalid al-Falih said on Tuesday that the Organization of the Petroleum Exporting Countries (OPEC) and its partners are in "produce as much as you can" mode. USA stocks suffered big losses Wednesday, with the Dow Jones Industrial Average sinking over 600 points, which raised concerns that a possible slowdown in global economic growth could reduce oil demand.
  • India ranks 77th in ease of doing business rankings

    India ranks 77th in ease of doing business rankings

    Finance

    Hong Kong performed best when it came to ease of dealing with construction permits (1), paying taxes (1), getting electricity (3) and starting a business (5). The country has moved over 60 places under the current government. A total of 25 reforms were carried out in Latin America and the Caribbean in the past year.
  • RBI autonomy essential, says finance ministry amid rift with central bank

    RBI autonomy essential, says finance ministry amid rift with central bank

    Finance

    Another report in the Times of India said the government had mentioned the rule to the RBI in consultations, without invoking it. Prompt corrective action (PCA): 11 public and 1 private bank in the country have been placed under what is called a PCA framework - rules the RBI puts in place for weaker banks - which bars lending by these banks, among other things, until they strengthen their capital base.
  • Wall Street Tumbles At Open As Weak Industrials Add To Dour Mood

    Wall Street Tumbles At Open As Weak Industrials Add To Dour Mood

    Finance

    Hong Kong's Hang Seng index.HSI sank 2.2 percent. In New York, the Dow Jones industrial average was down 396.17 points at 24,921.24. Australian shares are set to start off the last day of the trading week higher. The FAANG stocks, some of the highest fliers in the market since the beginning of 2017, were punished especially hard on Wednesday on no major market-moving news in the space, as Netflix ( NFLX ) shares fell 9.4%, Facebook (FB) stock fell 5% to approach a new 52-week low, while ...
  • China blasts Trump phone hack report as 'fake news'

    China blasts Trump phone hack report as 'fake news'

    Finance

    Trump was warned by USA intelligence agencies, that Chinese spies have been eavesdropping on his calls and exploiting the information as they negotiate an ongoing trade dispute, The New York Times reports . The daily reiterated that calls made by President Trump to his friends through these cellphones are being listened and analysed by the Chinese and the Russians.
  • Vince McMahon Dismisses Question After WWE Crown Jewel Not Canceled

    Vince McMahon Dismisses Question After WWE Crown Jewel Not Canceled

    Finance

    TASI, the largest Arab bourse, is 8.4 percent higher on the year. Central Intelligence Agency director Gina Haspel has briefed President Donald Trump on her recent visit to Turkey, where she met with Turkish officials to understand what they know on the killing of Saudi journalist Jamal Khashoggi .
  • Mega Millions jackpot grows to $1.6 billion - Welcome to

    Mega Millions jackpot grows to $1.6 billion - Welcome to

    Finance

    Mega Millions is played in Texas, 43 other states plus Washington, D.C., and the U.S. Virgin Islands. The next Powerball drawing will be Saturday. By 3 p.m. At least 15 winning tickets were sold on Friday, though where and to whom has not been announced yet. Tickets cost $2 each, and players choose five numbers between one and 70 and an extra number between one and 25.
  • Iran Exports Record Amount Of Oil To China

    Iran Exports Record Amount Of Oil To China

    Finance

    Brent crude also dipped below $80 a barrel but ended at $80.05, $1.36 or 1.7 percent lower. The buildup, "amid the upward trend in United States crude oil production, could be a bearish factor for oil prices in the coming few weeks", the report said .
  • No victor again: Powerball jackpot up to $620 million

    No victor again: Powerball jackpot up to $620 million

    Finance

    If a player hits all six numbers to win the jackpot, they can opt for an immediate cash payment of £692 million ($90m) or receive the £1.26 billion ($1.6bn) prize over 29 years. In 2016, a $1.58 billion Powerball prize was split three ways by ticket holders from California, Florida and Tennessee. It costs $2 to play the game.
  • Saudi doctor accused of killing and dismembering journalist 'trained in Australia'

    Saudi doctor accused of killing and dismembering journalist 'trained in Australia'

    Finance

    But Trump's willingness to give the Saudis more time to investigate the matter - at the behest of Secretary of State Mike Pompeo, even as USA intelligence agencies and worldwide leaders say Saudi Arabia's crown prince Mohammed bin Salman is behind Khashoggi's October 2 disappearance - complicates the growing crisis with the U.S.'s uneasy ally.
  • YouTube Goes Down for Many Users Worldwide, Company Working to Resolve Issues

    YouTube Goes Down for Many Users Worldwide, Company Working to Resolve Issues

    Finance

    According to the company's Twitter account, they're working on resolving the issue. It isn't clear what caused the outage. "YouTube server goes down during a lecture on YouTube - first in history", wrote the Twitter user. Be it YouTube, YouTube TV or YouTube Music , both the video service's sites and mobile apps are down at the moment. We will keep an eye on the site and downdetector for any more issues that may arise.
  • Oil prices slump after large build in US stockpiles

    Oil prices slump after large build in US stockpiles

    Finance

    The rise, reported by the US Energy Information Administration was nearly triple what analysts had forecast and further eased prices, which had hit four-year highs of $86.74 earlier this month. Interestingly, deliveries from Saudi to China are also lower YoY, offsetting an increase to India . Turkey claims that he was killed there-a claim that Saudi Arabia has denied.
  • No Winning Mega Millions Ticket; Jackpot Climbs To $900 Million

    No Winning Mega Millions Ticket; Jackpot Climbs To $900 Million

    Finance

    Friday's drawing will be the game's 25th since the last time the jackpot was hit, when a group of 11 co-workers in California split the $543 million prize on July 24. The odds of winning the jackpot aren't good. The odds of winning Tuesday night's MegaMillions drawing are one in 302.5 million. It is now the third largest in U.S.
  • U.S. calls on Turkey to release Jamal Khashoggi murder proof

    U.S. calls on Turkey to release Jamal Khashoggi murder proof

    Finance

    The president on Wednesday called Saudi Arabia an important ally, noting it is an important customer for US military exports. "That's going to be the first question I ask", he said. "This is a fear we've had for a long time is that the crown prince is a young and aggressive guy that would overestimate how much room he had to do things, would get over aggressive and overestimate his own capabilities and create a problem such as this", he said.
  • Mega Millions jackpot nears record

    Mega Millions jackpot nears record

    Finance

    Mega Millions Lottery forms are pictured at Ted's State Line Mobil in Methuen, Mass., July 24, 2018. The estimated $ 654 million jackpot refers to the annuity option, paid out over 29 years. The odds of winning Tuesday's drawing is more than 302 million to one. Tickets for both games are $2. Virginia Lottery says it expects to sell more than 1.1 million tickets on Tuesday for that day's drawing.
  • Turkey searches Saudi consulate as Trump speaks of ‘rogue killers’

    Turkey searches Saudi consulate as Trump speaks of ‘rogue killers’

    Finance

    President Donald Trump , who dispatched Pompeo to Riyadh amid strained ties with the key ally, has speculated that " rogue killers " may be responsible after speaking with King Salman. The Journal , like CNN , said the Saudi statement has not been finalised. Iran has lost some customers for its oil because of looming US sanctions , but high prices are making up for the lost sales, Iranian Vice President Eshaq Jahangiri has said.