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....The man accused of being behind the scam, Evaldas Rimasauskas, 48, allegedly posed as an Asia-based manufacturer and deceived the companies from at least 2013 until 2015. "Fraudulent phishing emails were sent to employees and agents of the victim companies, which regularly conducted multimillion-dollar transactions with [the Asian] company," the US Department of Justice (DOJ) said in March. ... [Read full article on BBC ]
Friday 28th of April 2017 10:47:03 AM
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.... . "The Obama government, for example, proposed spending billions of dollars over 10 years. ... [Read full article on BBC ]
Monday 24th of April 2017 09:23:45 AM
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.... This really irks Wales, and quite right too. The second recent development is the radical shift in online advertising, where the strength of Facebook and Google - who are gobbling up ever more digital advertising dollars - is creating a race to the bottom. ... [Read full article on BBC ]
Monday 24th of April 2017 11:50:10 PM
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....4tn to the national debt, according to the nonpartisan pressure group Americans for Tax Fairness. Frank Clemente, executive director, called the proposal a “reckless” plan “for massive tax giveaways to corporations, the wealthy, and his own family” in return for adding trillions of dollars to the national debt. ... [Read full article on Guardian ]
Wednesday 26th of April 2017 06:35:17 PM
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.... He used it to refer to rich people flaunting their wealth through wasteful spending. Why buy a thousand-dollar suit when a hundred-dollar one serves the same function? The answer, Veblen said, was power. ... [Read full article on Guardian ]
Monday 24th of April 2017 06:00:04 AM
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.... In London, the FTSE 100 share index ended 2% ahead. At one point, the euro rose to its highest level against the dollar since mid-November, before giving up some ground. ... [Read full article on BBC ]
Sunday 23rd of April 2017 09:16:09 PM
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....“Unfortunately, the US Chamber of Commerce is doing everything it can to block efforts to combat both climate change and anti-smoking laws and regulations. It opposes the Paris Agreement that you publicly support, is suing to block the implementation of the Clean Power Plan, consistently lobbies against legislation aimed at reducing greenhouse gas emissions, and spends millions of dollars in money on elections ads urging voters to back candidates who support the fossil fuel industry and oppose efforts to combat climate change,” they write. ... [Read full article on Guardian ]
Monday 24th of April 2017 11:00:17 AM
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.... . Economists say the policy would add trillions of dollars to the deficit over the next decade. ... [Read full article on BBC ]
Wednesday 26th of April 2017 12:20:53 PM
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.... There is, however, one thing no one can argue with. Their share prices, boosted further by positive financial results this week, have delivered huge multibillion-dollar boosts to the personal fortunes of their founders, all of whom still run the companies they dreamed up. ... [Read full article on Guardian ]
Saturday 29th of April 2017 08:00:25 AM
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. A tax plan released by the White House on Wednesday could deliver many millions of dollars annually in tax savings to Donald Trump personally under the guise of helping small businesses, multiple tax experts have told the Guardian. ... [Read full article on Guardian ]
Thursday 27th of April 2017 01:33:58 PM
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....The euro fell about 0. 5% against the dollar to below $1. ... [Read full article on BBC ]
Thursday 27th of April 2017 12:21:29 PM
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....Stock markets remain near record highs and the pound has been given a fillip by news of the election, with investors predicting the result will strengthen May’s position in Brexit negotiations with her EU counterparts. But, compared with the day of last June’s referendum, the pound is still down 14% against the US dollar and 10% against the euro. ... [Read full article on Guardian ]
Tuesday 25th of April 2017 10:38:58 AM
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. Six executives sacked by Japan's Olympus have been ordered to pay more than half a billion dollars in damages after a massive accounting fraud. ... [Read full article on BBC ]
Friday 28th of April 2017 06:11:19 AM
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....The VIX volatility index – the so-called fear index – fell by 22%, its biggest daily drop since the day after Donald Trump’s US election victory last November. Meanwhile, the single currency hit a five-and-a-half month high against the dollar. ... [Read full article on Guardian ]
Monday 24th of April 2017 09:34:27 AM
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....The pound rose 0. 4% against the dollar to $1. ... [Read full article on BBC ]
Tuesday 25th of April 2017 07:57:49 AM
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....During his election campaign Mr Trump called Nafta the "single worst trade deal ever" and a "killer" of US jobs. The reversal surprised markets, sending the Mexican peso and Canadian dollar higher after losses earlier this week. ... [Read full article on BBC ]
Thursday 27th of April 2017 05:40:25 AM
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....7% rate seen at the end of 2016. The pound rallied against the US dollar, trading 0. ... [Read full article on BBC ]
Friday 28th of April 2017 11:29:13 AM
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....17, while the pound dropped 0. 2% versus the US dollar at 1. ... [Read full article on BBC ]
Monday 24th of April 2017 07:55:14 AM
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....It cost more than 5,000 lower level employees their jobs and led to the resignation of former chief executive John Stumpf. The bank's directors, who receive hundreds of thousands of dollars for their oversight duties, escaped a similar fate on Tuesday, despite a contentious meeting that saw some shareholders removed from the meeting. ... [Read full article on BBC ]
Tuesday 25th of April 2017 06:49:21 PM
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. The pound hit a seven-month high against the dollar, pushing as high as $1. ... [Read full article on BBC ]
Thursday 27th of April 2017 08:13:10 AM
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....Meanwhile, the pound fell 0. 04% against the dollar to $1. ... [Read full article on BBC ]
Wednesday 26th of April 2017 07:34:44 AM
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....So, do today’s anti-globalisation winds – caused in part by poor global policy coordination in the context of too many years of low and insufficiently inclusive growth – create scope for enhancing the SDR’s role and potential contributions?. Addressing this question, were it to gain traction, would involve a focus on an ecosystem of SDR use, with the composite currency – which last year added the Chinese renminbi to the British pound, euro, Japanese yen and US dollar – potentially benefiting from a virtuous cycle. ... [Read full article on Guardian ]
Monday 24th of April 2017 03:00:22 PM
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.... Should you be voting with your pocket? . There was instant good news for holidaymakers as the pound soared to a six-month high against the euro, US dollar and other major currencies. ... [Read full article on Daily Express ]
Sunday 23rd of April 2017 01:10:00 PM
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....Stock markets are near record highsThe pound’s heavy losses have been the stock market’s big gain since the Brexit vote. When sterling weakens, it helps the many companies in the FTSE 100 index that report in dollars and those that export from the UK. ... [Read full article on Guardian ]
Saturday 29th of April 2017 03:00:02 PM
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Latest Finance News related to Dollar

Fangs: the lightning rise of Facebook, Amazon, Netflix and Google image
Source : Guardian [Read Article] Saturday 29th of April 2017 08:00:25 AM
.... There is, however, one thing no one can argue with. Their share prices, boosted further by positive financial results this week, have delivered huge multibillion-dollar boosts to the personal fortunes of their founders, all of whom still run the companies they dreamed up. ...
Donald Trump 100 days: Is the president making it CHEAPER to buy US property? image
Source : Daily Express [Read Article] Friday 28th of April 2017 12:09:00 PM
.... . He also dubbed the US dollar ‘too strong’ and said that it was making the US less competitive. ...
Barclays pulls FTSE 100 lower image
Source : BBC [Read Article] Friday 28th of April 2017 11:29:13 AM
Google and Facebook duped in huge 'scam' image
Source : BBC [Read Article] Friday 28th of April 2017 10:47:03 AM
....The man accused of being behind the scam, Evaldas Rimasauskas, 48, allegedly posed as an Asia-based manufacturer and deceived the companies from at least 2013 until 2015. "Fraudulent phishing emails were sent to employees and agents of the victim companies, which regularly conducted multimillion-dollar transactions with [the Asian] company," the US Department of Justice (DOJ) said in March. ...
Olympus scandal: Former bosses to pay $529m over fraud image
Source : BBC [Read Article] Friday 28th of April 2017 06:11:19 AM
. Six executives sacked by Japan's Olympus have been ordered to pay more than half a billion dollars in damages after a massive accounting fraud. ...
​Trump tax plan could save him millions under guise of helping small businesses image
. A tax plan released by the White House on Wednesday could deliver many millions of dollars annually in tax savings to Donald Trump personally under the guise of helping small businesses, multiple tax experts have told the Guardian. ...
Pound hits seven-month dollar high image
Source : BBC [Read Article] Thursday 27th of April 2017 08:13:10 AM
. The pound hit a seven-month high against the dollar, pushing as high as $1. ...
Trump won't scrap Nafta trade deal 'at this time' image
Source : BBC [Read Article] Thursday 27th of April 2017 05:40:25 AM
....During his election campaign Mr Trump called Nafta the "single worst trade deal ever" and a "killer" of US jobs. The reversal surprised markets, sending the Mexican peso and Canadian dollar higher after losses earlier this week. ...
Trump under fire over 'huge tax cut for the rich' image
Source : Guardian [Read Article] Wednesday 26th of April 2017 06:35:17 PM
....4tn to the national debt, according to the nonpartisan pressure group Americans for Tax Fairness. Frank Clemente, executive director, called the proposal a “reckless” plan “for massive tax giveaways to corporations, the wealthy, and his own family” in return for adding trillions of dollars to the national debt. ...
FTSE 100 ticks up at the close image
Source : BBC [Read Article] Wednesday 26th of April 2017 07:34:44 AM
....Meanwhile, the pound fell 0. 04% against the dollar to $1. ...
Shareholders angry over fake accounts disrupt Wells Fargo meeting image
....It cost more than 5,000 lower level employees their jobs and led to the resignation of former chief executive John Stumpf. The bank's directors, who receive hundreds of thousands of dollars for their oversight duties, escaped a similar fate on Tuesday, despite a contentious meeting that saw some shareholders removed from the meeting. ...
Brexit economy: living standards are falling as the snap election looms image
Source : Guardian [Read Article] Tuesday 25th of April 2017 10:38:58 AM
....Stock markets remain near record highs and the pound has been given a fillip by news of the election, with investors predicting the result will strengthen May’s position in Brexit negotiations with her EU counterparts. But, compared with the day of last June’s referendum, the pound is still down 14% against the US dollar and 10% against the euro. ...
London share prices edge higher image
Source : BBC [Read Article] Tuesday 25th of April 2017 07:57:49 AM
Wikipedia's Jimmy Wales creates news service Wikitribune image
Source : BBC [Read Article] Monday 24th of April 2017 11:50:10 PM
.... This really irks Wales, and quite right too. The second recent development is the radical shift in online advertising, where the strength of Facebook and Google - who are gobbling up ever more digital advertising dollars - is creating a race to the bottom. ...
Could the IMF's 'world currency' help encourage global unity? | Mohamed El-Erian image
....So, do today’s anti-globalisation winds – caused in part by poor global policy coordination in the context of too many years of low and insufficiently inclusive growth – create scope for enhancing the SDR’s role and potential contributions?. Addressing this question, were it to gain traction, would involve a focus on an ecosystem of SDR use, with the composite currency – which last year added the Chinese renminbi to the British pound, euro, Japanese yen and US dollar – potentially benefiting from a virtuous cycle. ...
Disney, the Gap and Pepsi urged to quit US Chamber of Commerce image
Source : Guardian [Read Article] Monday 24th of April 2017 11:00:17 AM
....“Unfortunately, the US Chamber of Commerce is doing everything it can to block efforts to combat both climate change and anti-smoking laws and regulations. It opposes the Paris Agreement that you publicly support, is suing to block the implementation of the Clean Power Plan, consistently lobbies against legislation aimed at reducing greenhouse gas emissions, and spends millions of dollars in money on elections ads urging voters to back candidates who support the fossil fuel industry and oppose efforts to combat climate change,” they write. ...
Stock markets surge after French election result image
Source : Guardian [Read Article] Monday 24th of April 2017 09:34:27 AM
....The VIX volatility index – the so-called fear index – fell by 22%, its biggest daily drop since the day after Donald Trump’s US election victory last November. Meanwhile, the single currency hit a five-and-a-half month high against the dollar. ...
Driverless cars trial set for UK motorways in 2019 image
Source : BBC [Read Article] Monday 24th of April 2017 09:23:45 AM
.... . "The Obama government, for example, proposed spending billions of dollars over 10 years. ...
The new status symbol: it’s not what you spend – it’s how hard you work image
.... He used it to refer to rich people flaunting their wealth through wasteful spending. Why buy a thousand-dollar suit when a hundred-dollar one serves the same function? The answer, Veblen said, was power. ...
What does the snap election mean for your finances? image
Source : Daily Express [Read Article] Sunday 23rd of April 2017 01:10:00 PM
Sports Direct's £78m move into US retail stuns analysts image
Source : Guardian [Read Article] Friday 21st of April 2017 03:41:12 PM
....Sports Direct issued a profit warning in December after a slide in sterling’s value made it more costly for the firm to source its branded goods from Asia. Last month, it said the devaluation of the euro against the dollar would also hit profit margins. ...
Protectionism is rising the world over. Our best defense is fighting inequality | Wally Adeyemo image
.... Fears that all but the most rigid standards will put taxpayer money at risk are significantly exaggerated. The IMF has never lost a dollar of taxpayer money, and should maintain the flexibility needed to protect the global economy. ...
UK retail surge since Brexit vote comes to an end image
Source : Guardian [Read Article] Friday 21st of April 2017 01:11:30 PM
....Analysts said consumers were less willing to spend now the impact of weaker sterling was translating into higher shop prices. The pound is 14% lower against the dollar than it was on the day of the referendum in June when the UK voted to leave the European Union. ...
Philip Hammond signals ditching of Tory 'no tax rise' pledge image
Source : Guardian [Read Article] Friday 21st of April 2017 12:58:04 PM
.... He said the budget U-turn had “left a £2bn black hole in the Tories’ plans” and this was the first sign that Hammond’s party was backtracking on its 2015 pledge. “What that basically means is that what people should expect, should the Tories win the next election, is that there’s a tax bombshell – a Tory tax bombshell – on the way, and you can bet your bottom dollar it will be hardworking low- to middle-earning families that will feel the pain because it’s those families that have felt the pain over the last seven years while there have been massive tax giveaways to those at the very top,” added Gwynne. ...
M&S share rise fails to lift FTSE 100 image
Source : BBC [Read Article] Friday 21st of April 2017 08:12:14 AM
....The pound was down 0. 30% against the dollar at $1. ...
Celebrities warned over Instagram ads image
Source : BBC [Read Article] Thursday 20th of April 2017 05:37:35 AM
.... On Instagram they include: . The exact net worth or rate per post is hard to pin down, but be prepared to fork out several thousand dollars, or even tens of thousands, if you want your product featured in one of their Instagram posts. ...
Fox dumps star presenter Bill O'Reilly image
Source : BBC [Read Article] Wednesday 19th of April 2017 07:28:15 PM
....The sexual harassment charges against Bill O'Reilly aren't new. They've bubbled up before and have been quietly ushered from view, thanks to multimillion-dollar legal settlements. ...
Burberry's sales growth slows despite 'exceptional' UK performance image
Source : Guardian [Read Article] Wednesday 19th of April 2017 05:23:32 PM
....Underlying retail sales rose 2% in the three months to 31 March, compared with growth of 3% in the previous quarter, as demand in the US fell, partly as a result of a pull back on promotional offers. The relative strength of the dollar during the period also encouraged Americans to shop abroad. ...
Fox News 'to drop host Bill O'Reilly' after harassment cases image
Source : BBC [Read Article] Wednesday 19th of April 2017 04:25:30 PM
....The sexual harassment charges against Bill O'Reilly aren't new. They've bubbled up before and have been quietly ushered from view, thanks to multimillion dollar legal settlements. ...
Morgan Stanley profits jump on bond trading growth image
Source : BBC [Read Article] Wednesday 19th of April 2017 12:27:31 PM
....7bn in fixed income trading revenue marked the best quarter in two years and the fourth quarter in a row that Morgan Stanley hit its $1 billion target for bond trading revenue. "This is quite a number for a company that just two years ago was setting a billion dollars a quarter as an aspirational goal, and it stands in sharp relief to Goldman's air ball yesterday," Oppenheimer analyst Chris Kotowski said in a note to clients. ...
Burberry shares dive despite sales rise image
Source : BBC [Read Article] Wednesday 19th of April 2017 09:32:28 AM
.... . American shoppers have been taking advantage of the strong dollar to buy abroad, but that has hit demand in the US itself. ...
FTSE 100 stumbles as Burberry tumbles image
Source : BBC [Read Article] Wednesday 19th of April 2017 07:46:07 AM
....44. Meanwhile, the pound was little moved against the dollar and the euro, at $1. ...
Primark owner Associated British Foods sees profits jump image
Source : BBC [Read Article] Wednesday 19th of April 2017 07:00:40 AM
.... . "However, profit growth in the second half will, at current exchange rates, be tempered primarily by a smaller translation benefit and the full effect of the devaluation of sterling against the US dollar on Primark's margin. ...
Investors think the election means a softer Brexit – are they right? image
Source : Guardian [Read Article] Tuesday 18th of April 2017 06:40:16 PM
.... Part of the decline occurred before the lectern had even been placed in Downing Street. Part of the rest can be explained by a stronger pound, which tends to depresses the value of the many big dollar-earners in the index. ...
FTSE 100 suffers worst day since Brexit vote after May calls election image
Source : Guardian [Read Article] Tuesday 18th of April 2017 05:11:25 PM
....More than £45bn was knocked off the value of shares in Britain’s biggest companies following Theresa May’s snap general election announcement, with the FTSE 100 index suffering its worst day since the Brexit referendum as a rally in the pound hit the stock market. Most multinationals listed on the London stock exchange earn the majority of their profits in dollars, which have been worth more due to sterling’s decline in the wake of the EU vote. ...
Food and fuel inflation 'hitting UK supply chain' image
Source : BBC [Read Article] Tuesday 18th of April 2017 11:00:38 AM
.... . The pound has fallen by about 16% against the dollar since the Brexit vote last June, pushing up the cost of imported goods. ...
Pound soars and FTSE 100 tumbles after election announcement image
Source : BBC [Read Article] Tuesday 18th of April 2017 07:58:19 AM
....A stronger pound cuts the value of these revenues when they are converted back into sterling, meaning lower profits. Laith Khalaf of Hargreaves Lansdown, said: "Currency markets have roared their approval for a snap UK election, with the pound enjoying strong gains against the dollar and the euro. ...
Weetabix sold to US firm after breakfast cereal fails to catch on in China image
....George Salmon, equity analyst at Hargreaves Lansdown, said the proposed deal was the latest in a string of approaches for UK companies since the Brexit vote last June and the subsequent sharp fall in the pound. “The deal comes hot on the heels of Kraft Heinz’s bid for Unilever and 21st Century Fox’s approach for Sky, and further transatlantic deals may be flushed out by the strong dollar and rising US interest rates. ...
Weetabix to be sold to US company Post Holdings image
Source : BBC [Read Article] Monday 17th of April 2017 11:07:28 PM
.... . "In contrast, the dollar's recent strength has helped the successful bidder, US consumer group Post Holdings. ...
Netflix looks beyond US as competition mounts image
Source : BBC [Read Article] Monday 17th of April 2017 01:51:31 PM
....The survey also suggested that Netflix's pricing could hold up, even in a wider variety of markets. However, the company has warned that growth could be hurt if the dollar climbs much higher. ...
Walking dead image
Source : BBC [Read Article] Sunday 16th of April 2017 08:34:11 AM
But it was spreads that put the ‘uni’ in Unilever image
Source : Guardian [Read Article] Sunday 16th of April 2017 06:00:23 AM
....Still, if you’re thinking that Primark wins both ways, it may not prove as simple as that. A weaker pound should eventually put some pressure on even this retailer, as suppliers tend to want to be paid in dollars. ...
Higher interest rates. Great idea. Here’s why it won’t happen image
Source : Guardian [Read Article] Saturday 15th of April 2017 04:00:06 PM
....Unfortunately for the Brexiters, a currency devaluation is also the option favoured by China, the eurozone and the US as a route to stronger growth and higher interest rates. Donald Trump’s call last week for a lower dollar shows that he is thinking the same way. ...
Trump, trade, interest and aid make for a challenging IMF summit image
Source : Guardian [Read Article] Saturday 15th of April 2017 03:00:05 PM
....The Bank is particularly worried about recent low growth in Africa, and Kim wants government aid money to be used to turn the billions provided by western countries into trillions in investment from the private sector. Central bank policy, in particular in the US, and the relative strength of the dollar will be hot topics at the meetings. ...
Brazil graft probe focuses on World Cup football stadiums image
Source : BBC [Read Article] Saturday 15th of April 2017 12:34:38 AM
.... . In July 2015 Marcelo Odebrecht, whose grandfather founded the company, was formally charged with corruption and money laundering, and accused of paying millions of dollars in bribes to senior officials at Petrobras. ...
Trade agenda image
Source : BBC [Read Article] Thursday 13th of April 2017 11:17:15 PM
....Here are some figures. Last year the US had a deficit of half a trillion dollars in trade in goods and services with the rest of the world. ...
Sensors, scanners and surveillance: at the expo to outfit Trump's border wall image
....All this was but one small part of this week’s Border Security Expo in San Antonio, Texas, a three-day product showcase and networking jamboree for the architects and enforcers of Donald Trump’s immigration policies. Sales pitches zinged around the exhibition hall, the booths staffed mainly by men with crew cuts, chinos and a sense that Christmas, in the form of federal dollars, has come early. ...
Is business starting to get spooked about Donald Trump? | Larry Elliott image
Source : Guardian [Read Article] Thursday 13th of April 2017 12:36:22 PM
.... A more accurate assessment of Trump’s first three months in the job is that he is making it up as he goes along. Not only did Trump backtrack on China’s alleged currency manipulation in an interview with the Wall Street Journal, he hinted that Janet Yellen might after all get a second term in charge of the Federal Reserve and said he thought the dollar was getting too strong. ...
Pound rises as Trump warns dollar is too strong - as it happened image
Source : Guardian [Read Article] Thursday 13th of April 2017 07:32:06 AM
...
Related to :
UK technology firms turn to Silicon Valley to ward off Brexit blues image
Source : Guardian [Read Article] Thursday 13th of April 2017 06:00:19 AM
....Anxiety over the future of Britain outside Europe has not, it seems, spread to the home of Facebook, Twitter and Google. “Investors here just don’t know what Brexit means yet,” said Gerald Brady, managing director of the multibillion-dollar lender Silicon Valley Bank. ...
Donald Trump: China 'not a currency manipulator' image
Source : BBC [Read Article] Wednesday 12th of April 2017 10:59:49 PM
....But in an interview with the Wall Street Journal on Wednesday, Mr Trump said China had not been "currency manipulators" for some time and had been trying to prevent further weakening. He also said: "I think our dollar is getting too strong, and partially that's my fault because people have confidence in me. ...
What is the cheapest way to send money overseas? How to transfer money abroad image
Source : Daily Express [Read Article] Wednesday 12th of April 2017 04:55:00 PM
....Imagine you’d secured a ‘forward contract’ on the GBP/USD exchange rate just before the referendum. Today, you would be able to exchange pounds for US dollars at a rate of $1. ...
US senator presses Deutsche Bank for details of Trump loans image
Source : Guardian [Read Article] Wednesday 12th of April 2017 04:29:14 PM
....Germany’s biggest bank is coming under pressure from a US senator to give further details of its lending to Donald Trump and meetings it has had with the administration. Chris Van Hollen has written to Deutsche Bank asking for assurances that it will not use the president’s outstanding multimillion-dollar loans as “leverage”. ...
Supermarket woes dent FTSE 100 image
Source : BBC [Read Article] Wednesday 12th of April 2017 08:07:25 AM
....On the currency markets, the pound rose 0. 05% against the dollar to $1. ...
Donald Trump’s tax holiday 'would help top US companies save $300bn' image
Source : Guardian [Read Article] Wednesday 12th of April 2017 04:00:25 AM
.... However, he later said that he expected to bring home much of the offshore cash pile in 2017. He said Apple had set aside “several billion dollars for the US for payment as soon as we repatriate” some or all of the money. ...
Eggs-porting isn't easy image
Source : BBC [Read Article] Tuesday 11th of April 2017 11:14:15 PM
...."It's a tradition amongst my friends too, both Western and Asian. I spend between 100 to 150 Hong Kong dollars (£10-£15; $13-$19) on chocolates for the annual Easter egg hunt, which my kids thoroughly enjoy. ...
Developing nations' demands for better life must be met, says World Bank head image
....Speaking in London ahead of the Bank’s spring meeting next week, Jim Yong Kim said an urgent development push was needed in order to meet the demands for a better life by those in developing countries, increasingly aware through their smartphones of how rich people lived. The Bank is particularly worried about recent low growth in Africa and Kim said official aid money should be used to turn the billions of dollars provided by western countries into trillions of dollars of investment from the private sector. ...
United Airlines CEO offers softer apology after stock nosedives image
Source : Guardian [Read Article] Tuesday 11th of April 2017 03:27:54 PM
....The company plans to share results of the review by 30 April. The value of the carrier’s holding company, United Continental Holdings, had fallen over 4% before noon, knocking almost a billion dollars off its value. ...
United Airlines shares fall after passenger removal image
Source : BBC [Read Article] Tuesday 11th of April 2017 03:04:37 PM
....6% to $1,274. 26 an ounce and the Japanese yen rising 1% against the dollar. ...
Trump is reckless – but he knows he can't afford to antagonise China | Barry Eichengreen image
....Donald Trump’s comments about China during the US presidential campaign didn’t exactly bolster high hopes for Sino-American relations once he was elected. Trump denounced China for “taking our jobs” and “[stealing] hundreds of billions of dollars in our intellectual property”. ...
The new age of Ayn Rand: how she won over Trump and Silicon Valley image
Source : Guardian [Read Article] Monday 10th of April 2017 05:49:09 PM
.... Her works struck a chord with a particular kind of reader: adolescent, male and thirsting for an ideology brimming with moral certainty. As the New Yorker said in 2009: “Most readers make their first and last trip to Galt’s Gulch – the hidden-valley paradise of born-again capitalists featured in Atlas Shrugged, its solid-gold dollar sign standing like a maypole – sometime between leaving Middle-earth and packing for college. ...
Trump tax cut plan will be as big a flop as failed healthcare reforms | Nouriel Roubini image
....Now Trump and congressional Republicans are pursuing tax reform, starting with corporate taxes and then moving on to personal income taxes, as if this will be any easier. It won’t be, not least because the Republicans’ initial proposals would add trillions of dollars to budget deficits, and funnel more than 99% of the benefits to the top 1% of the income distribution. ...
Technology is a marvel – now let’s make it moral | Martha Lane Fox image
....So what might such a country look like? It could be one that celebrates not just digital skills but digital understanding – the ability to both use technology and to comprehend, in real terms, the impact that it has on our lives. Estonia has been investing in tech education since 1998, when all schools in the country went online; today, companies such as Skype are worth billions of dollars and, as co-founder Taavet Hinrikus told the Economist back in 2013, high-school students now dream of being entrepreneurs instead of rock stars. ...
America owes China $1tn. That’s a problem for Beijing, and Trump knows it image
.... Sure, China could cause enormous damage to the US, but only by damaging itself. Indeed, the US-China relationship is a classic example of the old saw: if you owe the bank a thousand dollars, you have a problem; if you owe the bank a trillion dollars, the bank has a problem. ...
Why Silicon Valley wants to thwart the grim reaper | John Naughton image
Source : Guardian [Read Article] Sunday 9th of April 2017 06:00:00 AM
....Thus was born Calico, which is short for the California Life Company, in 2013. It started with a billion dollars in the bank and is “extremely secretive”. ...
Revealed: the huge profits earned by big banks on overseas money transfers image
....Research by Guardian Money in August last year confirms how expensive it is to use a high street bank to transfer money overseas. We found that when transferring £200 into US dollars NatWest would give us $229. ...
Post-Brexit-vote surge for UK economy comes to an end image
Source : Guardian [Read Article] Friday 7th of April 2017 04:34:17 PM
.... “That’s what we expect but we’ll monitor it and ensure that we chart the right path,” he added at an event in London. The pound is down about 17% against the dollar and 11% against the euro since the referendum, making UK goods and services significantly cheaper to overseas buyers. ...
US unemployment rate falls to 10-year low image
Source : BBC [Read Article] Friday 7th of April 2017 01:08:30 PM
...."The overall trend remains one of very strong job creation - and it's still a decent number that is way above the paltry 38,000 registered in June 2016," he said. The dollar rose against the euro and sterling, while the Dow Jones and S&P 500 were flat in morning trading in New York. ...

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