Business

Hasmukh Adhia rumoured to be the next RBI governor

Hasmukh Adhia rumoured to be the next RBI governor The free-market economist Panagariya has been one of the most vocal supporters of Modi's "Gujarat model of growth" and was once considered as a successor to Raghuram Rajan at Reserve Bank of India ( RBI ). Rashtriya Swayamsevak Sangh (RSS) ideologue and RBI board member S Gurumurthy said that he was "surprised" at Patel's resignation. Former prime minister Manmohan Singh termed RBI Governor Urj... [Full Article...]

Huawei CFO seeks bail, cites health fears behind bars: Court documents

Huawei CFO seeks bail, cites health fears behind bars: Court documents She was arrested last week while changing flights in Vancouver and is awaiting possible extradition to the U.S. Chinese Vice Foreign Minister Le Yucheng told Ambassador Terry Branstad that the USA had made an "unreasonable demand" to Canada of detaining Meng while she was passing through Vancouver, China's foreign ministry says. [Full Article...]

Winter storm warning issued for parts of Virginia

Winter storm warning issued for parts of Virginia More than 300,000 people were affected by electricity outages in the Carolinas , Alabama, Tennessee and Georgia on Sunday, while storm warnings remained in place in the south-east "especially North Carolina and Virginia ", the National Weather Service (NWS) said in a tweet . [Full Article...]

Musk Suggests Tesla's New Chairwoman Won't Rein Him In 10 December 2018

Musk Suggests Tesla's New Chairwoman Won't Rein Him In 10 December 2018 In September, the SEC chose to sue him for alleged securities fraud. Musk says "it's not realistic" to think that Robyn Denholm will be reining him in because he remains the electric auto company's largest shareholder. The visionary founder and CEO of EV pioneer Tesla made the comments during an interview with CBS News streaming this morning (AEDT), saying, "The whole point of Tesla is to ac... [Full Article...]

Asian markets tumble, China tech hit after Huawei arrest

Asian markets tumble, China tech hit after Huawei arrest Some element of calm was restored in Asia on Wednesday after supportive comments from Beijing - its first reaction to hopes a new trade agreement between the USA and China could be reached within a 90-day deadline. Her arrest follows reports this year that the Justice Department was investigating whether Huawei had violated American sanctions on Iran . The White House says Trump and his clo... [Full Article...]

Huawei finance chief arrested in Canada as U.S. seeks extradition

Huawei finance chief arrested in Canada as U.S. seeks extradition The report states that Meng is accused of violating the current US trade embargo against Iran. The investigation, launched by the Justice Department in 2016, alleges that Huawei had been shipping US origin products to Iran and the other countries in violation of USA export and sanction laws. [Full Article...]

White House contradicts Trump, says there's no deal with China

White House contradicts Trump, says there's no deal with China As I noted yesterday , the agreement between Trump and Chinese President Xi Jinping seemed to be little more than a series of vague goals with no concrete timeline or definitive way to measure progress. But Kudlow acknowledged on Tuesday that so far they haven't seen any evidence of concrete steps being taken. "I wouldn't read a lot into that myself", said Kudlow, speaking at the Wall Stree... [Full Article...]

Trump to kill old NAFTA to push Congress to approve USMCA

Trump to kill old NAFTA to push Congress to approve USMCA Canada's pressure to include "soft things" like labour standards in the new North American free-trade treaty will help secure critical support for the deal from Democrats in the United States Congress, the Canadian ambassador to the US says. [Full Article...]

Donald Trump and Xi Jinping declare trade truce at G20

Donald Trump and Xi Jinping declare trade truce at G20 The two presidents agreed that the two countries "can and should" ensure success of China-U.S. relations and that coordination, cooperation and stability should be the defining features of bilateral relations, said the Chinese official. Prior to Trump's meeting with Xi, Stanley Chao, managing director of California-based All in Consulting, which assists Western companies in developing business in ... [Full Article...]

USA plans to restrict China's student 'spies'

World leaders began arriving in Argentina ahead of a G20 summit dogged by increasingly strident warnings about the impact on the world economy of threatened U.S. The Kremlin said it was willing to be "patient" in arranging a meeting with Trump. Inside the talks, uncertainty prevailed about how Trump, known for his unpredictability, would behave at what was shaping up as one of the group's mo... [Full Article...]

Fed's Powell signals interest rates near neutral in speech

Fed's Powell signals interest rates near neutral in speech In an interview this week with The Washington Post, Trump said he was not happy with Powell's support for further rate hikes. This should be clarified at the next meeting on December 18-19. But, when taken with the assessment of the Fed leader, it also holds the possibility of clouding the forecast for future rate hikes in 2019. Stock markets began a broad descent toward a correction - a decline... [Full Article...]

Putin: Success in Oil Production Cuts Due to Saudi Arabia

Putin: Success in Oil Production Cuts Due to Saudi Arabia In November 2014, Saudi Arabia chose to maintain production and allow prices to fall, which temporarily halted the USA shale boom but wrecked the kingdom's finances and pushed its economy into recession. U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are trading higher shortly before the regular session opening, reversing earlier weakness. [Full Article...]

Deutsche Bank offices searched in money laundering probe

Deutsche Bank offices searched in money laundering probe Prosecutors said that, as a result of the leak, they are looking at whether Deutsche Bank assisted clients to set up offshore companies in tax havens so that funds transferred to their bank accounts could skirt anti-money laundering safeguards. [Full Article...]

New Tariffs Could Raise Console Prices in the US

New Tariffs Could Raise Console Prices in the US Trump intends to raise existing tariffs from 10% to 25%, while also looking at other imports that don't now have tariffs imposed on them. The UBS analyst Timothy Arcuri said those threats could simply be a "negotiating tactic" ahead of the G20 summit, when Trump is expected to meet with Chinese President Xi Jinping . [Full Article...]

Trump threatens to cut General Motors subsidies as carmaker axes jobs

Trump threatens to cut General Motors subsidies as carmaker axes jobs You better get back in there soon. GM did not respond to a request for comment. GM electric vehicles are eligible for a $7,500 (£5,848) tax credit under federal law. It could also prompt other automakers like Ford (f) to make similar layoffs. Under that deal, Carrier pledged to keep almost 1,100 jobs in Indianapolis, including some 800 furnace production jobs it planned to cut with outsourci... [Full Article...]

General Motors shuttering plants, cutting 15% of workforce

General Motors shuttering plants, cutting 15% of workforce Plants in Baltimore, Maryland, and Warren, Michigan that assemble powertrain components will have no products assigned to them after 2019 and thus are at risk of closure, the company said. "The first thing I said is, 'What can we do?" GM added that it expects to save some $6 billion by the end of 2020. Jerry Dias, president of Unifor, the Canadian labour union, said he "will vigorously fight a... [Full Article...]

Second generation Range Rover Evoque comes over all grown-up

Second generation Range Rover Evoque comes over all grown-up Power will likely come from a selection of four-cylinder turbocharged petrol and diesel engines, while a plug-in hybrid model could be on the cards too. It's not just a simple re-hash though. Steering wheel on 2020 Range Rover Evoque looks borrowed from the Velar . The latter is perhaps acknowledgment that most Evoques spend the majority of their lives in the metropolis. [Full Article...]

U.S. government asks allies to drop Huawei equipment, WSJ says

U.S. government asks allies to drop Huawei equipment, WSJ says Officials from the USA have reached out to counterparts and executives in countries including Germany, Italy and Japan about perceived cybersecurity risks, the Journal said, citing unidentified people familiar with the matter. "Huawei is surprised by the behaviours of the U.S. government detailed in the article", a Huawei spokesperson told TechRadar Pro . Officials working for President Donal... [Full Article...]

Wall Street recovers some ground as technology stocks bounce back

Wall Street recovers some ground as technology stocks bounce back Major technology companies including Apple and Microsoft rose Wednesday, and crude oil prices climbed 3.8 percent a day after sinking to their lowest level in a year. The Dow is down 947.58 points, or 3.7 percent. Apple sank 4.8 percent Tuesday and retailers also fell sharply. United States. -traded shares of Nissan lost 5.8 percent to $16.90. [Full Article...]

Best Windows laptops Black Friday deals: Dell, HP, Lenovo, and more

Best Windows laptops Black Friday deals: Dell, HP, Lenovo, and more LG brand 60in 4K TV was advertised at £799 by Amazon on Black Friday . In recent years, several stores have begun extending Black Friday into Thanksgiving Day itself, opening after the turkey has been finished to allow maximum potential shopping time. [Full Article...]


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