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Finance

On top of demand concerns, all eyes are on any impact from Iranian sanctions that are set to kick in on November 4, with many taking a view that Saudi Arabia and OPEC will pump enough to fill any supply shortages. "However, depending on what happens with Iran later this week, oil could go both ways, so the market seems to be taking a cautious stance near $67 a barrel".
  • MBS guard took part of Khashoggi body to Riyadh

    MBS guard took part of Khashoggi body to Riyadh

    Finance

    He said the killing of a journalist was "a big mistake" that would harm relations between Israel and Saudi Arabia and undermine their "united front against Iran ". "There obviously was a tremendous mistake made and what compounded the mistake was the attempt to try to cover up". "That is unacceptable in any government".
  • Mega Millions numbers for $1B jackpot announced

    Mega Millions numbers for $1B jackpot announced

    Finance

    The mega number is 7. Lucas beat odds of 1 in 1.2 million , according to the lottery's website. Don't count on making a deposit for anywhere close to $1.6 billion if you win the Tuesday night drawing. A single victor could chose a one-time cash option of $ 565 million or an annuity that would be paid out over 29 years. Even when a victor is eventually announced, it could still take a while before we find out their identity (if ever.) The time they have to claim their prize varies ...
  • Oil Trades Near Lowest Level in a Month

    Oil Trades Near Lowest Level in a Month

    Finance

    US West Texas Intermediate crude for October delivery was higher 12 cents, or 0.2 percent, $69.87 per barrel, after falling 3 percent in the previous session to settle below $70 for the first time in a month. "The looming Iranian supply disruption and the conflict between the US and Saudi Arabia are pushing traders to take a cautious stance at the moment", Will Yun, a commodities analyst at Hyundai Futures Corp., said by phone from Seoul.
  • How Mega Millions created monstrous jackpots - but made them harder to win

    How Mega Millions created monstrous jackpots - but made them harder to win

    Finance

    The previous largest single jackpot of $758.7 million was won last year by Mavis Wanczyk, a 53-year-old mother of two from MA. The $1.6 billion estimated jackpot would be the largest prize in USA history. From July 27 through October 16, Mega Millions sales in North Carolina raised an estimated $10.6 million for education, the lottery site said. The numbers were drawn for what was a $470 million dollar Powerball jackpot Saturday.
  • Pompeo heard recording of Khashoggi 'murder'

    Pompeo heard recording of Khashoggi 'murder'

    Finance

    Mr Trump has previously vowed to inflict " severe punishment " on Saudi Arabia if it was behind Mr Khashoggi's killing - but also said he is against cancelling military contracts with Riyadh. "Well, it'll have to be very severe", he said of the consequences for the country. This is the first time that the United States has officially acknowledged about Khashoggi's death, who was last seen entering the Saudi consulate in Istanbul.
  • We’ll meet your oil needs: Saudi Arabia

    We’ll meet your oil needs: Saudi Arabia

    Finance

    US West Texas Intermediate crude was up 35 cents, or 0.5 percent, at $72.27 a barrel by 0007 GMT on Wednesday, having settled up 14 cents. The global benchmark, which hit a more than two-week low late last week as equity markets dropped, is trading around $5 below a four-year high of $86.74 marked on October 3.
  • Powerball and Mega Millions at Mother Tuckers

    Powerball and Mega Millions at Mother Tuckers

    Finance

    They were 3, 45, 49, 61, 69 and the Mega Ball was 9. The largest lottery jackpot was a $1.6 billion Powerball prize won in January 2016. "Everyone is talking about the jackpot and running out to buy tickets for tonight's drawing", Gordon Medenica, Mega Millions lead director and Maryland Lottery and Gaming director, said in a press release about Tuesday night's suspense.
  • How NYSE move could propel Saudi share in Uber to $16 bln

    How NYSE move could propel Saudi share in Uber to $16 bln

    Finance

    Earlier this month, Saudi Crown Price Mohammed bin Salman told Bloomberg that the country's Public Investment Fund would contribute US$45 billion to the second Vision Fund . A medieval theocracy that still, doubling as a modern nation with malls (including a ), Saudi Arabia has been called " Remarkably, the country has avoided pariah status in the United States thanks to, Riyadh's carefully cultivated, its, and.
  • MegaMillions and Powerball jackpots combined are now almost $1B

    MegaMillions and Powerball jackpots combined are now almost $1B

    Finance

    The largest, which was worth just $2 million more , was drawn back in 2012. "With a little luck, we may still break that record by Tuesday". They're stuck at a miserable one in 302.5 million. Before claiming the prize, the lucky victor must first sign the back of the ticket to prove ownership. Mega Millions is played in 44 states, Washington D.C.
  • Sanctions against Saudi would ‘rock the world’ says Saudi state owned press

    Sanctions against Saudi would ‘rock the world’ says Saudi state owned press

    Finance

    Turkish forensics team have conducted a sweep of the Saudi consulate in Istanbul trying to find any evidence into the disappearance of journalist Jamal Khashoggi , whom Ankara believes was murdered at the diplomatic site. Mr Khashoggi, a U.S. resident, vanished after entering the consulate to get marriage documents. But on Oct 11, The Washington Post reported that the Turkish government told U.S.
  • Powerball jackpot grows to $345 million

    Powerball jackpot grows to $345 million

    Finance

    You can't win unless you play", said Jamiu Kolawole after he received his free ticket. Many people hoped to spend their hypothetical winnings on travel. Mega Millions officials say no tickets matched all six numbers to claim the estimated $548 million grand prize. The Powerball Jackpot for Saturday night is worth $314 million as of Friday afternoon.
  • Trump, Xi to meet amid trade war tensions

    Trump, Xi to meet amid trade war tensions

    Finance

    China's trade surplus with the U.S. in September was more than China's total trade surplus of US$31.7 billion. US President Donald Trump has said that his tariff policies have hurt the Chinese economy and that he has "a lot more to do" to the country.
  • Dow Falls 1300 Points In 48 Hours As Market Rout Continues (DJIA)(SPX)

    Dow Falls 1300 Points In 48 Hours As Market Rout Continues (DJIA)(SPX)

    Finance

    Technology stocks slid more than 2 percent, the most among the 11 major S&P sectors, with the Philadelphia Semiconductor index down 3 percent after Swiss vacuum valve maker VAT Group said demand from chip equipment makers was softening. The Nasdaq composite , which has a high concentration of technology companies, suffered its biggest loss in more than two years and has dropped nearly 8 percent since the start of October.
  • That latest warning from your Facebook friends is a hoax, officials say

    That latest warning from your Facebook friends is a hoax, officials say

    Finance

    Still, what's unusual is that people are (perhaps absentmindedly) sharing a message that includes the words "I actually got another friend request from you", even when they received no such fraudulent friend request. A new Facebook scam is making headlines across the country. "We haven't seen an increase in incoming reports of impersonation (cloned accounts)".
  • Brexit: EU's Tusk tells May to 'get down to business'

    Brexit: EU's Tusk tells May to 'get down to business'

    Finance

    She will say: "Millions of people who have never supported our party in the past are appalled by what Jeremy Corbyn has done to Labour ..." However, rather than accept responsibility for the Home Office blunder which saw thousands of the Windrush Generation, who helped rebuild Postwar Britain facing deportation, May referenced the disaster to rouse support for Shaun Bailey, the Conservative pick for the 2020 London mayoral elections: 'If your parents come to the United Kingdom as part of ...
  • Indian rupee collapses to 73.77 against United States dollars

    Indian rupee collapses to 73.77 against United States dollars

    Finance

    The dollar rose to near 1-month highs against global currencies. Mr Khoon Goh, head of Asia research at ANZ Banking Group in Singapore, said the mix of strong USA data and the Fed chair's comments bumped up the dollar and United States bond yields, putting downward pressure on Asian currencies.
  • USA and Canada Strike a Deal to Save NAFTA

    USA and Canada Strike a Deal to Save NAFTA

    Finance

    Privately, some Canadian executives have expressed concerns to the Prime Minister's Office that Canada is spending political capital by tabling issues in trade talks that seem unlikely to resonate with U.S. Trump, who has already imposed tariffs on Canadian steel and aluminum, has also repeatedly threatened to impose even more crippling levies on auto imports if a deal can't get done.
  • Hold your nerve on Brexit, Theresa May tells cabinet

    Hold your nerve on Brexit, Theresa May tells cabinet

    Finance

    Speaking to reporters on her way to NY to attend the United Nations General Assembly, May said she welcomed comments from European Council President Donald Tusk that the bloc still wanted to strike a deal, but added that the onus was still on the EU to break the deadlock on Chequers.
  • Instagram departures hit Facebook shares

    Instagram departures hit Facebook shares

    Finance

    For Facebook it was an important land grab in the shift to mobile, an area that it had hitherto struggled to really grasp and a shrewd purchase of a service that could have rivalled Facebook itself. That changed. But so did the number of users - now more than a billion. And it was the first startup allowed to operate mostly independently. This claim was backed by another company source, who told Tech Crunch that Facebook put pressure on Systrom to help expand the social network's ...
  • Pilots forget to pressurise cabin, causing passengers to bleed

    Pilots forget to pressurise cabin, causing passengers to bleed

    Finance

    This led to an imbalance in the cabin pressure and oxygen masks were deployed with which most passengers breathed. The Jet Airways flight to Jaipur had to turn back as the alarming symptoms became apparent, the airline said, with one traveller describing "panic" on board.
  • Oil Rises as Dollar Declines, Supply Concerns Persist

    Oil Rises as Dollar Declines, Supply Concerns Persist

    Finance

    The Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC producers, including the world's biggest producer Russian Federation, are meeting on September 23 in Algeria to discuss how to allocate supply increases within their quota framework to offset the loss of Iranian oil supply.
  • UK PM May cautions: Alternative to my Brexit deal is no deal

    UK PM May cautions: Alternative to my Brexit deal is no deal

    Finance

    International Monetary Fund (IMF) managing director Christine Lagarde attends a press conference to mark the publication of the 2018 Article IV assessment of the United Kingdom at the Treasury in central London , Monday Sept. Committee chairman Hilary Benn said that with time running out to secure a withdrawal agreement there were "significant problems yet to be resolved", with the Irish border backstop the main sticking point.
  • Trump slaps fresh tariffs on $200B of Chinese goods

    Trump slaps fresh tariffs on $200B of Chinese goods

    Finance

    But Trump warned that "if China takes retaliatory action against our farmers or other industries, we will immediately pursue phase three, which is tariffs on approximately $267 billion of additional imports". Yes, it has. In fact, this latest round marks the third set of tariffs put into motion so far this year. China retaliated against the first round of tariffs in kind, hitting American soybeans among other goods.
  • Six berry brands linked to needle sabotage

    Six berry brands linked to needle sabotage

    Finance

    Chantal Faugeras posted on Facebook that she purchased the punnet from Wingham Coles on Wednesday, with three needles found inside three strawberries. A mother of three in Gladstone also found two needles in a punnet while cutting up the fruit. It was treated as a copycat incident. Authorities said that the contaminated strawberries-branded Berrylicious and Berry Obsession-came from two farms located next to each other in south-east Queensland .
  • Amazon's CEO Starts $2 Billion Fund for Schools, Homeless

    Amazon's CEO Starts $2 Billion Fund for Schools, Homeless

    Finance

    The Bezos Day One Fund will be made up of the Families Fund and the Academics Fund. The other part will launch and operate free preschools in low-income communities, where "the child will be the customer". "People are interested in trying to help the world in so many different ways", he said. "There are certain things that only big companies can do", Bezos said.
  • Fuel prices rise again, petrol nears Rs 90 in Mumbai

    Fuel prices rise again, petrol nears Rs 90 in Mumbai

    Finance

    Since 1 August, petrol prices have risen by Rs 4.56 per litre and diesel prices have risen by Rs 5.15 a litre in the national capital, on the back of a depreciating Rupee against the dollar and an increase in global fuel prices. Amid the Opposition-sponsored nation-wide shutdown, the Bharatiya Janata Party (BJP) on Monday released a couple of graphics describing the percentage hike in both petrol and diesel prices.
  • Trump says he’s ready to hit China with $267bn in additional tariffs

    Trump says he’s ready to hit China with $267bn in additional tariffs

    Finance

    Earlier speculation was that those tariffs, proposed in July, would take effect in early October, though trade associations have been gearing up for the announcement to come as early as the end of this week. All Apple had to do to avoid import taxes was to rebuild all of its manufacturing in the U.S. "Start building new plants now", he tweeted. It said some of the parts it relies on for product development, including processors and research equipment, would also be hit by the tariffs.
  • Alibaba co-founder and China’s richest man announces retirement

    Alibaba co-founder and China’s richest man announces retirement

    Finance

    While Ma has been serving as Alibaba's executive chairman after handing the CEO title to David Zhang in 2013, the New York Times reports that Zhang is a candidate to take over his chairman duties. "With political stability, social safety and 6 percent-plus economic growth, we have the best business environment". The New York Times reported on Friday that Ma would retire from the e-commerce company on Monday as the former English teacher seeks to focus on philanthropy in education.
  • Amazon joins Apple in $1 trillion club

    Amazon joins Apple in $1 trillion club

    Finance

    For graphic on Amazon vs Apple , click https://reut.rs/2PwtdRg Amazon also provides video streaming services and bought upscale supermarket Whole Foods. Amazon's share prices slightly receded after hitting the milestone, trading for $2036.95 at the time of writing. Now, just a month and change later, Amazon has done the same - however briefly.
  • Ayana Pressley: African-American woman wins MA primary

    Ayana Pressley: African-American woman wins MA primary

    Finance

    Pressley is backed by Alexandria Ocasio-Cortez, the leftist socialist who defeated Crowley in NY on a message of pushing to "Abolish ICE". Pressley won the Democratic nomination for Massachusetts' 7th Congressional District, defeating Democratic Rep.
  • Petrol, diesel prices hit fresh high, go up for 10th consecutive day

    Petrol, diesel prices hit fresh high, go up for 10th consecutive day

    Finance

    In Kolkata , the price of petrol has been increased to ₹82.22 per litre while the diesel price has gone up to ₹74.19 per litre. On September 3, 2018, the price of petrol in the city was Rs. Since August 16, petrol prices have risen by over Rs 2 per litre. OPEC (Organisation of the Petroleum Exporting Countries) had promised that it will raise production by one million barrels per day, which was not raised.
  • Mzwandile Mbeje on President Cyril Ramaphosa's visit to China

    Mzwandile Mbeje on President Cyril Ramaphosa's visit to China

    Finance

    It carried a central theme that a win-win cooperation was ideal and necessary. The Chinese projects in Africa include the Ethiopia-Djibouti railway and Kenya's standard gauge railway from Mombasa to Nairobi. "No country has done that for us". China welcomes Africa's participation in the Silk Road International League of Theaters, the Silk Road International Museum Alliance and the Network of Silk Road Art Festivals.
  • Trump threatens to end NAFTA

    Trump threatens to end NAFTA

    Finance

    In Charlotte, Trump added that if the USA does not reach a deal with Canada, "that's just fine", offering a variation of one of the lines leaked to the Toronto Star paper: "I say affectionately, we'll just have to tariff those cars coming in, that's a lot of money coming into the coffers of the United States ".
  • Pipeline limbo: Court halts Trans Mountain construction

    Pipeline limbo: Court halts Trans Mountain construction

    Finance

    The Federal Court of Appeal ruled that the National Energy Board (NEB) regulator wrongly narrowed its review of the project to exclude related tanker traffic. "The court decision was not a condition of the transaction between KML and the federal government". "We will analyze this decision and respond promptly", he said.
  • California Lawmakers Pass Net Neutrality Bill

    California Lawmakers Pass Net Neutrality Bill

    Finance

    Jerry Brown's desk, where a signature from the governor will restore tight internet regulations to the nation's most important market. Republicans on the California Assembly floor said the bill was "going too far" and overstepped its authority on something the federal government should deal with, reports the Los Angeles Times .
  • Notes Ban An Assault, Not Mistake, Says Rahul Gandhi, Targeting PM

    Notes Ban An Assault, Not Mistake, Says Rahul Gandhi, Targeting PM

    Finance

    This means that just Rs 10,720 crore of the junked currency notes did not return to the banking system. The demonetisation was hailed as a step that would curb black money, corruption and check counterfeit currency but RBI said, " Counterfeit notes detected in SBNs decreased by 59.7 and 59.6 per cent in the denominations of Rs 500 and Rs 1,000, respectively".
  • What's Next for Tesla as a Public Company?

    What's Next for Tesla as a Public Company?

    Finance

    Tesla's shares, already down almost 15 percent from a peak on August 7 when Musk tweeted that he had "funding secured" for a buyout at $420 a share, initially fell more than 5 percent in European and premarket trading in NY. In addition to its interest in Tesla, the Saudi sovereign wealth fund is considering an investment in aspiring US electric-car maker, Lucid Motors Inc., one of the people said.