Finance

Man jailed in Italy for writing fake TripAdvisor review: company

Man jailed in Italy for writing fake TripAdvisor review: company A pivotal legal ruling in Italy saw a persistent online review fraudster sentenced to jail, prompting reviews site TripAdvisor to emphasise its stance against paid reviews companies. Hospitality businesses in the US are more likely to sue people who post slanderous comments on sites like TripAdvisor, while others have been forced to pay massive fines for invalidating negative reviews. [Full Article...]

Majority of voters oppose impeachment, support House Democrats on generic ballot

Majority of voters oppose impeachment, support House Democrats on generic ballot The new numbers from the eight polls mark the president's lowest approval rating in six months. The CNN poll released on Monday showed that only 32 percent of respondents believed that Trump was "honest and trustworthy". Trump has an approval rating of 84 percent and 82 percent among Republicans, according to the Quinnipiac and CNN poll respectively, showing that his support within the party... [Full Article...]

Robert Scott, economist, says fears over Donald Trump tariffs overblown

Robert Scott, economist, says fears over Donald Trump tariffs overblown The trade war has already contributed to sell-offs in China's stock markets and currency. The two governments have imposed 25 percent tariffs on $50 billion of each other's goods. His first round of tariffs this summer hit US$50 billion in Chinese products like high-end technology parts and manufactured goods, while Beijing fired back dollar-for-dollar at United States soybeans, autos and ot... [Full Article...]

Amazon boss calls Trumps attacks on media ‘dangerous’

Amazon boss calls Trumps attacks on media ‘dangerous’ More than a year after putting out an open call for suggestions about what to do with his spectacular wealth, Jeff Bezos has come back with a decision. "He's a pretty incredible neighbour, him and [his wife] MacKenzie", said Mary's Place director Marty Hartman. "The child will be the customer". Since then, he and his wife have built the Bill & Melinda Gates Foundation, which had an endowment o... [Full Article...]

Turkish interest rate rise brings Erdoganomics down to earth

Turkish interest rate rise brings Erdoganomics down to earth Since then, he has continued to dismiss calls to raise rates to address Turkey's longtime woes with its currency, the lira . "Accordingly, the Committee has chose to implement a strong monetary tightening to support price stability", the monetary policy committee statement said. [Full Article...]

U.S. businesses to lobby against Trump's tariffs

U.S. businesses to lobby against Trump's tariffs The American Chamber of Commerce in China polled more than 430 United States companies operating in the country, providing the first detailed look at how Donald Trump's trade fight has harmed business. China has also warned it could unleash "qualitative" measures, which USA business groups have interpreted as more burdensome regulations, stalled visas and other red-tape headaches. [Full Article...]

Carney to stay at Bank of England until 2020

Carney to stay at Bank of England until 2020 It also means he'll be available for longer should talks with the European Union fail and force a so-called hard Brexit in March 2019. In his acceptance letter, the Bank of England governor wrote: "I recognise that during this critical period, it is important that everyone does everything they can to support a smooth and successful Brexit". [Full Article...]

Canada trade deal 'imminently possible,' Freeland says

Canada trade deal 'imminently possible,' Freeland says So far, Canada has been unable to obtain a guarantee from the United States that Canadians would not be hit with punitive US auto tariffs if Ottawa agrees to a new NAFTA deal with Washington . Earlier in the day, she noted that Tuesday was the 17th anniversary of the September 11 terrorist attacks to drive home a point about the long-standing relationship between the two countries. [Full Article...]

Turkey raises interest rates to 24% in new bid to boost lira

Turkey raises interest rates to 24% in new bid to boost lira The central bank hiked the one week repo auction rate 625 basis points from 17.75 percent to 24 percent, significantly higher than the Bloomberg consensus of an increase to 21 percent. He has repeatedly blamed the central bank for high inflation, which hit nearly 18% last month, its highest level since 2003. The central bank's move makes Turkey's interest rate one of the highest in the... [Full Article...]

JPMorgan Chase CEO Says He Could Beat Trump, Quickly Walks It Back

JPMorgan Chase CEO Says He Could Beat Trump, Quickly Walks It Back It's impossible to say how Dimon might fare against Trump in a presidential tête-à-tête, but the CEO's company has been the best performers among the nation's largest banks. "I am part of the elite", Dimon continued. "I mean, I've said this before Trump was elected". In January, Dimon claimed that Democrats can not beat Trump because they don't have a "strong centrist, pro-business, pro-fr... [Full Article...]

Despite Trump tweet, Ford says it won’t make hatchback in US

Despite Trump tweet, Ford says it won’t make hatchback in US The Trump administration levied 25 per cent duties on US$34 billion of Chinese imports in July, including motor vehicles. The decision to proceed with tariffs on US$200 billion of Chinese imports dismayed US business figures, industry associations and trade experts, thousands of whom recently provided testimony to the US Trade Representative's Office, warning the government of the damage they wo... [Full Article...]

Crude Oil Price Analysis: Hedge Funds Bullish Again as Sanctions Loom

Crude Oil Price Analysis: Hedge Funds Bullish Again as Sanctions Loom Benchmark Brent crude futures rose 47 cents to $79.53 a barrel, by 1649 (GMT). "Things are tightening up", the agency said in its monthly report, but added: "As we move into 2019, a possible risk to our forecast lies in some key emerging economies, partly due to currency depreciations versus the USA dollar raising the cost of imported energy". [Full Article...]

Newsday, Australian gold miners make 'once-in-a-lifetime' discovery

Newsday, Australian gold miners make 'once-in-a-lifetime' discovery The largest is 95 kilograms and contains approximately 2,440 ounces of gold . "These discoveries highlight the high-grade gold potential of Beta Hunt". The discovery by RNC nearly 150 years after that discovery comes amid a resurgence in Australia's gold industry, with companies ploughing a record A$223m ($158m) into exploration in the June quarter - up 16% on the same period a year earlier. [Full Article...]

Moscow and Tokyo continue to work on peace treaty, vows Putin's spokesman

Moscow and Tokyo continue to work on peace treaty, vows Putin's spokesman Suga also said Putin had not mentioned the proposal during a summit meeting with Prime Minister Shinzo Abe on Monday. Their two countries have been in dispute for seven decades over a chain of Pacific islands and as a result have still not formally ended their World War II hostilities. [Full Article...]

Apple event 2018: Everything to know ahead of Wednesday's keynote

As well as new iPhones, Apple is also expected to reveal a new Apple Watch model and possibly some new versions of the iPad Pro and the Macbook Air. The company recently became the first public US company to hit a market value of $1 trillion and remains atop the Forbes list of most valuable brands . [Full Article...]

China promises to retaliate if US imposes more tariffs

China promises to retaliate if US imposes more tariffs The same can not be said of Trump's Ford tweet . The automaker emphasized that it already has a substantial manufacturing presence in the U.S. "Our subject with these tariffs is that the US shall be hardest hit, and that can result in lower USA enhance and competitiveness and better costs for US patrons", Apple wrote within the September 5 letter . [Full Article...]

Last-minute iPhone leaks pop-up before Apple's event

Last-minute iPhone leaks pop-up before Apple's event It'll also come in gold, adding to the gray and silver versions from past year. New models were referenced in several places in Apple's site code - including for offers on AppleCare. As always though, stay tuned for more information (and LEAKS) throughout the day leading up to the event. The sequel to the last year's iPhone X is likely to be the iPhone XS with a 5.8-inch OLED screen and ... [Full Article...]

Delhi High Court to hear petition against fuel price hike today

Delhi High Court to hear petition against fuel price hike today After Parbhani, in Amravati, one litre of petrol on Monday was Rs 89.46 while diesel was sold at Rs 78.69. The state had slashed Value-Added Tax on prices of petrol and diesel by Rs 2 and Re 1 respectively in October. Similarly, Rajasthan also reduced taxes on both petrol and diesel by 4% leading to a cut of Rs 2.50 per litre. As it stands, the sales tax the state has imposed on petrol is 30.3... [Full Article...]

Judge strikes down bill to reduce Toronto council size

Judge strikes down bill to reduce Toronto council size That means voters in the next Toronto municipal election will choose 25 councillors instead of 47. "Invoking the notwithstanding clause in a case like this is an unprecedented move, literally suspending the Charter rights of Ontario people in order to plow ahead with his revenge plot against his political enemies at Toronto City Hall", said Horwath. [Full Article...]

USA capital under state of emergency, evacuation ordered

Other counties are evacuating low lying and flood prone areas. The Raleigh-Durham Airport Authority has ordered additional supplies of gasoline to fuel airport fleet vehicles, spokesman Andrew Sawyer said by phone. On Monday, McMaster ordered residents of eight coastal counties to evacuate . Officials in SC prepared to reverse lanes on major roadways to speed the evacuation of the coast. [Full Article...]


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