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Finance

In total eleven terror attempts have targeted Saudi Arabian oil facilities within the last 16 years. Still, al-Falih in his statement named Yemeni rebel Houthis as a group that must be internationally confronted and accused it of being backed by Iran, Saudi Arabia's regional rival.
  • Trump announces higher tariffs on Chinese goods

    Trump announces higher tariffs on Chinese goods

    Finance

    Chinese officials were scheduled to meet their USA counterparts in Washington on Wednesday after meeting in Beijing last week for a round that Treasury Secretary Steven Mnuchin described as "productive". Trump also raised the possibility of imposing a 25 per cent tariff on another US$325 billion in imports from China not now covered. "He's trying to pressure China into a deal".
  • Tesla Announces Plan to Raise $2 Billion from Investors

    Tesla Announces Plan to Raise $2 Billion from Investors

    Finance

    In a filing with the Securities and Exchange Commission (SEC), Tesla announced it was seeking to raise money through the sale of bonds and shares. All Model 3 customers have pay-per-use access to our global Supercharger network, which is reserved specifically for Tesla owners. The coupon for the debt offering, however, was set at 2.0 percent - the top of the indicated range - suggesting the company had ceded ground to investors to borrow so much.
  • Amazon.com shares boosted by Warren Buffett's comments

    Amazon.com shares boosted by Warren Buffett's comments

    Finance

    Today marks the beginning of the yearly invasion of Berkshire Hathaway shareholders, with the shareholder shopping day taking over the CHI Health Center, starting at noon. That, in part, reflected Buffett's inability to find a major business to add to Berkshire's stable of more than 90 companies in the insurance, chemicals, energy, food and retail, industrial, railroad and other sectors.
  • Apple share price up 5% on Q2 earnings revenue beat

    Apple share price up 5% on Q2 earnings revenue beat

    Finance

    Apple spent a record US$27 billion on share buybacks and dividends during the fiscal second quarter. Apple's Q2 earnings were high because of improved global iPhone sales. But the company will have to exercise caution as it builds the services business . Post the discount in April, the iPhone XR is now selling for Rs 59,990 for the base model, down by Rs 17,000 from its original price of Rs 76,990.
  • Saudi and OPEC to Continue Withholding Oil Production Beyond June?

    Saudi and OPEC to Continue Withholding Oil Production Beyond June?

    Finance

    The bank said it expected crude markets to climb until the third quarter of 2019, adding that prices would then "start to become vulnerable to a sharp rise in U.S. He added that he had "no idea how the world energy market is going to react" to the toughening of sanctions against Iran. Price offerings for several Angolan streams, an approximate alternative to Iranian and Venezuelan crude, were at their highest ever, traders said.
  • Google parent company Alphabet misses 1st-quarter revenue estimates

    Google parent company Alphabet misses 1st-quarter revenue estimates

    Finance

    But the executives offered limited new details, prompting Barclays' analyst Ross Sandler near the end to preface a question by saying he was just beating a dead horse. Google's other revenue, which includes the cloud business, rose 25 percent to $5.45 billion. "Google Cloud Platform remains one of the fastest growing businesses in Alphabet with strong customer momentum reflected in particular in demand for our compute and data analytics products".
  • Azure Remains Key to Microsoft's Future

    Azure Remains Key to Microsoft's Future

    Finance

    Microsoft shares are trading near a record after rallying 34% over the past year. "Leading organizations of every size in every industry trust the Microsoft cloud , " said Microsoft CEO Satya Nadella . The market values of all three companies change moment to moment, and after Apple and Amazon passed $ 1 trillion in value, their share prices eventually receded, bring the companies current market value below the $ 1 trillion mark .
  • Social media minder to vet Elon Musk tweets

    Social media minder to vet Elon Musk tweets

    Finance

    Musk, 18-cv-08865, US District Court, Southern District of New York (Manhattan). U.S. District Judge Alison Nathan told Musk and the SEC to resolve their differences, and after a couple of extensions, the two parties finally filed the proposed agreement for Nathan's review and likely approval.
  • Trump Intervention Unsettles Oil Markets

    Trump Intervention Unsettles Oil Markets

    Finance

    US officials say overall global oil supply will remain plentiful despite its sanctions, not least from the boom in USA shale. Sweden's SEB says Beijing could lift its imports of Iranian crude in the coming months from some 600,000 barrels per day in March to around 1 million bpd, bucking US pressure, while exports elsewhere under the sanctions radar could reach another 500,000 bpd.
  • American Airlines executives 'confident' 737 MAX will be ungrounded by Aug. 19

    American Airlines executives 'confident' 737 MAX will be ungrounded by Aug. 19

    Finance

    In the event that the FAA approves the 737 MAX before other regulators, American Chief Executive Doug Parker said, "we will absolutely fly the airplane". "We're doing a lot of work understanding what our customers perceptions are", said the airline's President Thomas Nealon. On a per-share basis, the Fort Worth-based company said it had net income of 41 cents.
  • Tesla Demos Autopilot Tech On Model 3 In New Self-Driving Clip

    Tesla Demos Autopilot Tech On Model 3 In New Self-Driving Clip

    Finance

    The latest incident comes as Tesla tries to push sales in China , where its prices were impacted by tit-for-tat tariffs imposed during Sino-U.S. trade tensions previous year. The Samsung Galaxy Note 7 famously had issues with their lithium-ion batteries catching fire, causing the company to recall the devices. " Tesla had fire incidents before, but they didn't have a big impact on its reputation in China", said analyst Alan Kang at LMC Automotive.
  • Facebook expects record $5 BILLION fine from FTC over privacy violations

    Facebook expects record $5 BILLION fine from FTC over privacy violations

    Finance

    Earnings per share topped out at $1.89, which was higher than analysts' expectations of $1.62 per share. Without that charge, earnings would have been $1.89, well ahead of analysts' estimate of $1.63 a share. The probe has focussed on whether the sharing of data and other disputes violated a 2011 agreement with the FTC to safeguard user privacy. It later rose again, this time by around 8 percent to $197 per share.
  • Turkey slams United States move to end waivers on Iran oil imports

    Turkey slams United States move to end waivers on Iran oil imports

    Finance

    It said Iran has intensified consultations with its "European and global partners" and that a "necessary decision" would be announced later, without elaborating. Netanyahu said Monday that the move "is of great importance for increasing pressure on the Iranian terrorist regime". "I think the [US administration's] goal is to have a worldwide coalition against Iran, and to do that, they push Iran to default" on the nuclear deal, said a European diplomat speaking not for attribution.
  • No more sanction waivers for India, 7 others on Iranian oil

    Finance

    Secretary of State Mike Pompeo on Monday reiterated that Washington's goal was to bring down exports of Iranian oil to zero and added the United States had no plans to give any grace period beyond May 1 for countries to comply. Iran's biggest oil customers are China and India, both of which have been lobbying for an extension to the sanction waivers. Since taking office, Trump has pursued a sanctions-heavy strategy aimed at undermining the Islamist leaders in Iran.
  • Sisters ready for Easter egg-stravaganza at Coleraine

    Sisters ready for Easter egg-stravaganza at Coleraine

    Finance

    In addition to the egg hunts everyone can stroll down Peppermint Lane while winning prizes along the way as they walk through the life-sized Candy Land Game. Do not forget to bring a basket for the eggs, and dress for the weather . Tickets for activities are free, with a $10 purchase at the mall. Members of the First Blind River Sparks, Brownies, Guides, Pathfinders and Guiding Unit stuffed more than 6,000 Easter eggs that will be strewn across three age-group sections of Town Park: zero to ...
  • Chicago Car2Go app reportedly hacked, some 100 cars missing

    Chicago Car2Go app reportedly hacked, some 100 cars missing

    Finance

    So be on the lookout for a Car2Go-branded Mercedes-Benz or two cruising the streets of Chicago, and keep in mind that they may represent the fruits of the sharing economy - just not the kind we've come to expect. 'The Chicago Police Department is working with the company to determine whether there any other vehicles whose locations can not be accounted for. A Daimler spokesman said in an email the company is working with Chicago law enforcement "to neutralize a fraud issue".
  • Lenders shortlist four investors for Jet Airways

    Lenders shortlist four investors for Jet Airways

    Finance

    Jet's CEO Vinay Dube , in a letter to employees on Wednesday that was seen by Reuters , warned that the sales process would take some time and could throw up several more challenges, but he added that he was confident Jet Airways would fly again.
  • Apple And Qualcomm End Global Court Battle And Are Best Buds Again

    Apple And Qualcomm End Global Court Battle And Are Best Buds Again

    Finance

    Later Qualcomm hit back with its own lawsuit, alleging that Apple used its heft in the electronics business to wrongly order contract factories such as Hon Hai Precision Co Ltd's Foxconn to withhold royalty payments from Qualcomm that Apple had historically reimbursed to the factories.
  • Tesla’s $35,000 Model 3 now only available as a special order

    Tesla’s $35,000 Model 3 now only available as a special order

    Finance

    In Germany, Tesla is charging a base price of 44,500 euros (plus a handling fee of 980 euros) for this version, which offers a WLTP range of 415 km. "Model 3 Standard will now be a software-limited version of the Standard Plus, and we are taking it off the online ordering menu , which just means that to get it, customers will need to call us or visit any one of the several hundred Tesla stores", Tesla said in a blog post on Thursday night.
  • Amazon Workers May Be Listening to Your Alexa Conversations

    Amazon Workers May Be Listening to Your Alexa Conversations

    Finance

    It is reported that thousands of Amazon workers listen to recordings of what people tell Alexa and transcribe them to improve the Echo Dot. Screenshots of the review process provided to Bloomberg indicate each audio clip is tied to an account number and device serial number.
  • Oil prices rally amid falling USA gasoline supplies, rising crude stockpiles

    Oil prices rally amid falling USA gasoline supplies, rising crude stockpiles

    Finance

    The long-to-short ratio reached 13 times "at the peak of the oil price euphoria last fall" and averaged 8.5 times in 2018, RBC notes. The joint technical commission was established on January 22, 2017 under the monitoring committee created to monitor the fulfilment of the countries' commitments to reduce oil production.
  • Jet Airways suspends all flights to and from Singapore until further notice

    Jet Airways suspends all flights to and from Singapore until further notice

    Finance

    Consequently, many passengers were left stranded at the airports. The Prime Minister's office (PMO) has called an urgent meeting to discuss the crisis in private airline Jet Airways , which is facing acute financial woes. The UK's Civil Aviation Authority acknowledged on twitter that worldwide flights had been suspended, and a notice on Heathrow Airport's website said that Jet Airways' flights today to Mumbai and Delhi will not be running.
  • Researchers find 540 million Facebook user records on exposed servers

    Researchers find 540 million Facebook user records on exposed servers

    Finance

    A second leak, linked to a Facebook-integrated app called " At the pool ", left exposed roughly 22,000 Facebook passwords, stored in plaintext, according to UpGuard . Redacted example of Facebook data from the exposed At the Pool dataset. But as these exposures show, the data genie can not be put back in the bottle.