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.... Sky viewers will still be able to see the tournament on Eurosport. The company has been faced with major increases in sports rights bills – a one-off £629m rise in its Premier League rights deal contributed to a 14% fall in profits at its UK and Ireland operations – and it is becoming more selective in the rights it is willing to pay top dollar for. ... [Read full article on Guardian ]
Tuesday 1st of August 2017 11:26:47 AM
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....”. Facebook, along with Google, takes the lion’s share of online advertising revenue – 99% of all new dollars spent last year, according to Pivotal Research. ... [Read full article on Guardian ]
Wednesday 26th of July 2017 11:45:51 PM
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. Jared Kushner, the son-in-law of Donald Trump, who acts as his senior White House adviser, secured a multimillion-dollar Manhattan real estate deal with a Soviet-born oligarch whose company was cited in a major New York money laundering case now being investigated by members of Congress. ... [Read full article on Guardian ]
Monday 24th of July 2017 06:00:28 AM
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....1bn in April. The pound has fallen 12% against the dollar since the EU referendum and is trading at around $1. ... [Read full article on Guardian ]
Wednesday 9th of August 2017 01:55:20 PM
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....“Relying on NGOs to uncover the truth is simply not good enough,” she said. “If RAN, with our relatively limited budget, can figure it out, then multibillion dollar, multinational corporations certainly can. ... [Read full article on Guardian ]
Friday 21st of July 2017 01:07:23 PM
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.... Chiron Return contributed some documents to the library. Bill Sherman, the assistant attorney general for the US state of Washington – which is suing Monsanto for PCB clean-up costs potentially worth billions of dollars – said the archive contained damning evidence the state had previously been unaware of. ... [Read full article on Guardian ]
Thursday 10th of August 2017 10:41:04 AM
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Thursday 27th of July 2017 07:36:16 AM
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....So captive, in fact, that Google was able to enlist many of these same legislators in its battle against the European Union, whose antitrust regulators are more willing to call Google a monopoly. As the Guardian reported: “Republican and Democratic senators and congressmen, many of whom have received significant campaign donations from Google totaling hundreds of thousands of dollars, leaned on parliament in a series of similar – and in some cases identical – letters sent to key [members]. ... [Read full article on Guardian ]
Sunday 30th of July 2017 11:00:18 AM
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....“This unusual event depressed this year’s profit by some £12m but it is expected to recover in 2017/18”. The weak pound makes it more expensive for Britons to take holidays abroad and also hits companies which have to use the pound to buy services and goods in dollars and euros. ... [Read full article on Guardian ]
Sunday 6th of August 2017 12:39:34 PM
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....For a while all went brilliantly. The high share price and buckets of cash allowed for a dizzy array of acquisitions – more than half a billion dollars was splashed by Slaters on snaffling 40 smaller law shops both in Australia and the UK. ... [Read full article on Guardian ]
Thursday 10th of August 2017 02:26:24 AM
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....The figures are the latest sign that a weak pound is failing to boost exports, despite making British goods cheaper abroad. The pound is 13% lower against the dollar than it was on the day of the EU referendum, at $1. ... [Read full article on Guardian ]
Thursday 10th of August 2017 03:13:41 PM
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.... Only 18 months ago investors were wondering if the dividend was in peril in a world where regulators insist on fatter capital buffers. Now the dividend looks so safe that HSBC can afford to throw a few billions of dollars at share buybacks. ... [Read full article on Guardian ]
Monday 31st of July 2017 06:25:00 PM
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.... In their in-tray will be a daunting array of problems and issues to resolve in the wake of Travis Kalanick’s high-profile departure last month. These include rehabilitating the company internally and externally as it recovers from scandals including the sexual harassment investigation that saw more than 20 people fired in June; video of Kalanick berating an Uber driver; and the company’s recent admission it had underpaid drivers in New York City by millions of dollars. ... [Read full article on Guardian ]
Sunday 30th of July 2017 07:00:13 AM
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.... His tax reform must be revenue neutral. That’s a political imperative: with corporations sitting on trillions of dollars in cash while ordinary Americans are suffering, lowering the average amount of corporate taxation would be unconscionable – and more so if taxes were lowered for the financial sector, which brought on the 2008 crisis and never paid for the economic damage. ... [Read full article on Guardian ]
Thursday 27th of July 2017 10:42:41 AM
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.... This sent tremors through the digital currency industry. The Bank of England, the UK’s main financial regulator, reckons that digital currencies remain very different from standard currencies such as sterling and the dollar because they “act as money only to a limited extent and only for relatively few people”. ... [Read full article on Guardian ]
Monday 31st of July 2017 03:54:14 PM
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....The increase in employment had beaten consensus expectations of a 97,000 rise, she added. The City responded to the unemployment and earnings data by pushing up the value of the pound against the dollar by half a cent on foreign exchanges. ... [Read full article on Guardian ]
Wednesday 16th of August 2017 08:36:46 AM
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....The main reason inflation is rising in the UK is because of Brexit. Import prices have risen because of the fall in the value of the pound, which is down about 13% to the dollar from $1. ... [Read full article on Guardian ]
Thursday 20th of July 2017 02:20:35 PM
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Friday 4th of August 2017 07:36:13 AM
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.... But the UK government’s recent transport investment strategy virtually ignores the greatest infrastructure programme the world has ever seen. The multi-billion dollar Belt and Road initiative, led by China, is a plan to create a massive economic zone connecting Asia, Europe and Africa through a network of roads, ports, bridges, tunnels and pipelines. ... [Read full article on Guardian ]
Monday 24th of July 2017 06:23:29 AM
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.... We all know and expect that a dishwasher who keeps breaking the dishes or a custodian who can’t clean the toilets loses his job. I have suggested that economists who prescribe policies that turn out badly, or who can’t see multitrillion dollar housing bubbles coming whose collapse sinks the economy, ought to pay a price in terms of their careers. ... [Read full article on Guardian ]
Thursday 27th of July 2017 10:00:46 AM
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....Last year, Alibaba admitted that the US Securities and Exchange Commission was investigating the accounting practices of its logistics network and its huge Singles’ Day online shopping event – it’s like Black Friday but much, much bigger – a matter that has yet to be resolved. At the World Economic Forum in Davos in January, Ma chastised the US, saying that while America benefited from globalisation, it was squandering trillions of dollars on foreign wars and neglecting the country’s infrastructure and its own citizens. ... [Read full article on Guardian ]
Sunday 30th of July 2017 06:30:12 AM
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....Bornstein has backed the move to pressure McKesson and other drug distributors. “It’s the absolute right thing to do to put the spotlight on these pharmaceutical companies who are chasing the almighty dollar and greed, and in return has got our whole country in a mess. ... [Read full article on Guardian ]
Tuesday 25th of July 2017 11:50:18 AM
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. The pound slumped to three-decade lows against the US dollar after the Brexit vote over worries about the UK economy’s long-term prospects outside the EU. ... [Read full article on Guardian ]
Monday 24th of July 2017 05:01:27 AM
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....Britain’s manufacturers increased production last month at the fastest rate since the mid-1990s, according to the latest CBI industrial trends survey. The business lobby group said the fall in sterling over the last year – a 12% decline against the dollar – continued to bolster export orders while domestic demand for manufactured goods remained strong. ... [Read full article on Guardian ]
Tuesday 25th of July 2017 03:24:14 PM
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....5bn. Israeli authorities investigated the claim that Steinmetz, along with a number of other Israelis, acquired the asset by paying tens of millions of dollars in bribes to senior public officials in Guinea. ... [Read full article on Guardian ]
Monday 14th of August 2017 01:13:14 PM
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....Netflix has grand ambitions for Millarworld, the Scottish comic book company it acquired this week. The aim is to repeat Disney’s success with Marvel, where the creator of the Avengers and the Guardians of the Galaxy has become a launchpad for multibillion-dollar film franchises. ... [Read full article on Guardian ]
Tuesday 8th of August 2017 12:30:44 PM
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....9% but the expected takeover, which could cost £9bn, has so far failed to emerge. Malone believes ITV is overpriced and is facing uncertainties, such as the impact of the rise of streaming services, while London-listed Liberty Global does not generate any revenues in dollars so hasn’t benefited from the post-Brexit slump in the pound. ... [Read full article on Guardian ]
Saturday 5th of August 2017 03:00:15 PM
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.... The smart comparison shopper would rush right out to CVS, right? Unless, that is, their insurance was with BlueCross Blue Shield and they lived in one of a handful of states, such as Illinois or Florida, where that insurer had struck a deal requiring them to deal with Walgreens or pay full price. The biggest obstacle to the HSA becoming the bedrock of any future healthcare funding system is that it simply won’t work for the vast majority of Americans, who struggle to set aside even an extra few hundred dollars to cover an emergency. ... [Read full article on Guardian ]
Tuesday 25th of July 2017 11:00:05 AM
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....But while he was at Exxon, Tillerson opposed the sanctions levied on Moscow for its annexation of Crimea. Those sanctions cost his company hundreds of millions of dollars. ... [Read full article on Guardian ]
Thursday 20th of July 2017 04:22:56 PM
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.... Moreover, sluggish wage growth implies that inflation is not reaching the US Federal Reserve’s target rate, which means that the Fed will have to normalise interest rates more slowly than expected. Lower long-term interest rates and a weaker dollar are good news for US stock markets, and Trump’s pro-business agenda is still good for individual stocks in principle, even if the air has been let out of the so-called Trump reflation trade. ... [Read full article on Guardian ]
Friday 4th of August 2017 09:40:46 AM
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Latest Finance News related to Dollar

UK pay growth picks up as unemployment rate falls again image
Source : Guardian [Read Article] Wednesday 16th of August 2017 08:36:46 AM
....The increase in employment had beaten consensus expectations of a 97,000 rise, she added. The City responded to the unemployment and earnings data by pushing up the value of the pound against the dollar by half a cent on foreign exchanges. ...
Adani $900m rail line loan should be ruled out after fraud allegations, opponents say image
....The government should immediately suspend any consideration of a federal loan to Adani or an any associated entity, environmental groups have said in response to the Guardian’s reporting on Wednesday about fraud allegations faced by Adani in India. The Adani Group allegedly fraudulently siphoned hundreds of millions of dollars from India into tax havens – a practice enabled by Indian government tax breaks. ...
Diamond tycoon Beny Steinmetz detained in fraud inquiry image
Source : Guardian [Read Article] Monday 14th of August 2017 01:13:14 PM
....5bn. Israeli authorities investigated the claim that Steinmetz, along with a number of other Israelis, acquired the asset by paying tens of millions of dollars in bribes to senior public officials in Guinea. ...
Bell Pottinger faces hearing over claims it stirred racial tension in South Africa image
....Mmusi Maimane, leader of South Africa’s opposition Democratic Alliance party, has demanded that the British PR industry body censures Bell Pottinger for running a “hateful and divisive campaign to divide South Africa along the lines of race”. Bell Pottinger is accused of seeking to stir up anger about “white monopoly capital” and the “economic apartheid” in the country to draw attention away from the wealthy and controversial Gupta family, who are accused of exploiting their friendship with President Jacob Zuma to extract billions of dollars from the state. ...
UK trade deficit widens as fall in sterling fails to improve export sales image
Source : Guardian [Read Article] Thursday 10th of August 2017 03:13:41 PM
....The figures are the latest sign that a weak pound is failing to boost exports, despite making British goods cheaper abroad. The pound is 13% lower against the dollar than it was on the day of the EU referendum, at $1. ...
Monsanto sold banned chemicals for years despite known health risks, archives reveal image
.... Chiron Return contributed some documents to the library. Bill Sherman, the assistant attorney general for the US state of Washington – which is suing Monsanto for PCB clean-up costs potentially worth billions of dollars – said the archive contained damning evidence the state had previously been unaware of. ...
Stock market crash: how Slater and Gordon became a casualty of the neoliberal dream | Richard Ackland image
....For a while all went brilliantly. The high share price and buckets of cash allowed for a dizzy array of acquisitions – more than half a billion dollars was splashed by Slaters on snaffling 40 smaller law shops both in Australia and the UK. ...
UK defence contractor billed US more than $50m in expenses image
Source : Guardian [Read Article] Wednesday 9th of August 2017 09:56:22 PM
.... Missouri senator Claire McCaskill summarised the audit’s major findings in a letter to the US defence secretary, Jim Mattis, which she released on Wednesday. McCaskill, the top-ranking Democrat on the homeland security and governmental affairs committee, is demanding to know which Defence Department office was responsible for overseeing the work, what steps are being taken to recover the millions of dollars in disputed payments and whether the US government has considered prohibiting NCC from receiving federal contracts in future. ...
Investors move to safe havens as US and North Korea trade threats image
Source : Guardian [Read Article] Wednesday 9th of August 2017 04:25:55 PM
....Nervous trading marked the 10th anniversary of the start of the financial crisis on Wednesday, after Donald Trump’s warning that North Korea faced “fire and fury like the world has never seen” if it continued to make threats against the US. Gold rose to its highest level in almost two months, while the Swiss franc increased by more than 1% against the US dollar and saw its biggest one-day gain against the euro in more than two and a half years. ...
How Netflix can spawn a Marvel-style Millarworld superhero universe image
Source : Guardian [Read Article] Tuesday 8th of August 2017 12:30:44 PM
....Netflix has grand ambitions for Millarworld, the Scottish comic book company it acquired this week. The aim is to repeat Disney’s success with Marvel, where the creator of the Avengers and the Guardians of the Galaxy has become a launchpad for multibillion-dollar film franchises. ...
Trailfinders blames Brexit vote for wiping out £12m profit image
Source : Guardian [Read Article] Sunday 6th of August 2017 12:39:34 PM
....“This unusual event depressed this year’s profit by some £12m but it is expected to recover in 2017/18”. The weak pound makes it more expensive for Britons to take holidays abroad and also hits companies which have to use the pound to buy services and goods in dollars and euros. ...
John Malone, the ‘swamp alligator’ chewing up the UK’s media market image
....9% but the expected takeover, which could cost £9bn, has so far failed to emerge. Malone believes ITV is overpriced and is facing uncertainties, such as the impact of the rise of streaming services, while London-listed Liberty Global does not generate any revenues in dollars so hasn’t benefited from the post-Brexit slump in the pound. ...
Why Trumponomics cannot make America great again image
Source : Guardian [Read Article] Friday 4th of August 2017 09:40:46 AM
.... Moreover, sluggish wage growth implies that inflation is not reaching the US Federal Reserve’s target rate, which means that the Fed will have to normalise interest rates more slowly than expected. Lower long-term interest rates and a weaker dollar are good news for US stock markets, and Trump’s pro-business agenda is still good for individual stocks in principle, even if the air has been let out of the so-called Trump reflation trade. ...
Dow soars to record high as it crosses 22,000 mark for the first time image
Source : Guardian [Read Article] Wednesday 2nd of August 2017 02:17:50 PM
. The Dow Jones Industrial Average has gone above the 22,000 mark for the first time, boosted by bumper company earnings and a weak dollar, with investors shrugging off the latest upheavals in the White House. ...
London’s reputation at risk from watering down City rules, IoD warns image
Source : Guardian [Read Article] Wednesday 2nd of August 2017 05:01:38 AM
.... The company could be valued at $2tn (£1. 5tn) in a move that would generate hundreds of millions of dollars in fees for investment bankers, lawyers and other advisers. ...
Amazon outbids Sky to win exclusive ATP tour tennis rights image
Source : Guardian [Read Article] Tuesday 1st of August 2017 11:26:47 AM
.... Sky viewers will still be able to see the tournament on Eurosport. The company has been faced with major increases in sports rights bills – a one-off £629m rise in its Premier League rights deal contributed to a 14% fall in profits at its UK and Ireland operations – and it is becoming more selective in the rights it is willing to pay top dollar for. ...
HSBC shows what happens when a bank stops shooting itself in the foot | Nils Pratley image
.... Only 18 months ago investors were wondering if the dividend was in peril in a world where regulators insist on fatter capital buffers. Now the dividend looks so safe that HSBC can afford to throw a few billions of dollars at share buybacks. ...
Why bitcoin and its digital cousins are under increasing scrutiny image
Source : Guardian [Read Article] Monday 31st of July 2017 03:54:14 PM
.... This sent tremors through the digital currency industry. The Bank of England, the UK’s main financial regulator, reckons that digital currencies remain very different from standard currencies such as sterling and the dollar because they “act as money only to a limited extent and only for relatively few people”. ...
Why is Google spending record sums on lobbying Washington? image
Source : Guardian [Read Article] Sunday 30th of July 2017 11:00:18 AM
....So captive, in fact, that Google was able to enlist many of these same legislators in its battle against the European Union, whose antitrust regulators are more willing to call Google a monopoly. As the Guardian reported: “Republican and Democratic senators and congressmen, many of whom have received significant campaign donations from Google totaling hundreds of thousands of dollars, leaned on parliament in a series of similar – and in some cases identical – letters sent to key [members]. ...
'No more brilliant jerks' – Arianna Huffington ushers in the new Uber image
.... In their in-tray will be a daunting array of problems and issues to resolve in the wake of Travis Kalanick’s high-profile departure last month. These include rehabilitating the company internally and externally as it recovers from scandals including the sexual harassment investigation that saw more than 20 people fired in June; video of Kalanick berating an Uber driver; and the company’s recent admission it had underpaid drivers in New York City by millions of dollars. ...
Can Jack Ma, Asia’s richest man, create 1m jobs in the US? image
Source : Guardian [Read Article] Sunday 30th of July 2017 06:30:12 AM
....Last year, Alibaba admitted that the US Securities and Exchange Commission was investigating the accounting practices of its logistics network and its huge Singles’ Day online shopping event – it’s like Black Friday but much, much bigger – a matter that has yet to be resolved. At the World Economic Forum in Davos in January, Ma chastised the US, saying that while America benefited from globalisation, it was squandering trillions of dollars on foreign wars and neglecting the country’s infrastructure and its own citizens. ...
Elon Musk hands over first Tesla Model 3 electric cars to buyers image
Source : Guardian [Read Article] Saturday 29th of July 2017 04:59:50 AM
....Until now, Tesla has operated as a niche producer of luxury electric vehicles, with a charismatic, showman chief executive who regularly interacts with fans on his Twitter account. Now loss-making Tesla is trying to move into a different league, building vehicles in high volume for customers able to pay only a few thousand dollars more than the average price of a conventional car or truck sold in the US. ...
Donald Trump's tax cuts for the rich won't make America great again | Joseph Stiglitz image
.... His tax reform must be revenue neutral. That’s a political imperative: with corporations sitting on trillions of dollars in cash while ordinary Americans are suffering, lowering the average amount of corporate taxation would be unconscionable – and more so if taxes were lowered for the financial sector, which brought on the 2008 crisis and never paid for the economic damage. ...
How about a little accountability for economists when they mess up? | Dean Baker image
.... We all know and expect that a dishwasher who keeps breaking the dishes or a custodian who can’t clean the toilets loses his job. I have suggested that economists who prescribe policies that turn out badly, or who can’t see multitrillion dollar housing bubbles coming whose collapse sinks the economy, ought to pay a price in terms of their careers. ...
Pound hits 10-month high against dollar after Fed caution – as it happened image
...
Related to :
Facebook posts $3.89bn quarterly profit, up 71% from last year image
Source : Guardian [Read Article] Wednesday 26th of July 2017 11:45:51 PM
....”. Facebook, along with Google, takes the lion’s share of online advertising revenue – 99% of all new dollars spent last year, according to Pivotal Research. ...
UK factory output grows at fastest rate since mid-1990s image
Source : Guardian [Read Article] Tuesday 25th of July 2017 03:24:14 PM
....Britain’s manufacturers increased production last month at the fastest rate since the mid-1990s, according to the latest CBI industrial trends survey. The business lobby group said the fall in sterling over the last year – a 12% decline against the dollar – continued to bolster export orders while domestic demand for manufactured goods remained strong. ...
How a father's tragedy moved the Teamsters to fight an opioid distributor image
....Bornstein has backed the move to pressure McKesson and other drug distributors. “It’s the absolute right thing to do to put the spotlight on these pharmaceutical companies who are chasing the almighty dollar and greed, and in return has got our whole country in a mess. ...
Good for the rich, bad for the poor: Trump’s healthcare plan is a lot like his tax plan image
.... The smart comparison shopper would rush right out to CVS, right? Unless, that is, their insurance was with BlueCross Blue Shield and they lived in one of a handful of states, such as Illinois or Florida, where that insurer had struck a deal requiring them to deal with Walgreens or pay full price. The biggest obstacle to the HSA becoming the bedrock of any future healthcare funding system is that it simply won’t work for the vast majority of Americans, who struggle to set aside even an extra few hundred dollars to cover an emergency. ...
The UK ignores China's trillion-dollar Belt and Road plan at its peril | Colin Cram image
.... But the UK government’s recent transport investment strategy virtually ignores the greatest infrastructure programme the world has ever seen. The multi-billion dollar Belt and Road initiative, led by China, is a plan to create a massive economic zone connecting Asia, Europe and Africa through a network of roads, ports, bridges, tunnels and pipelines. ...
Jared Kushner sealed real estate deal with oligarch's firm cited in money-laundering case image
. Jared Kushner, the son-in-law of Donald Trump, who acts as his senior White House adviser, secured a multimillion-dollar Manhattan real estate deal with a Soviet-born oligarch whose company was cited in a major New York money laundering case now being investigated by members of Congress. ...
'London Whale' charges dropped against former JP Morgan traders image
Source : Guardian [Read Article] Friday 21st of July 2017 11:45:22 PM
....Lawyers for Martin-Artajo did not immediately respond to requests for comment. Martin-Artajo and Grout had been accused of hiding hundreds of millions of dollars of losses within JP Morgan’s chief investment office (CIO) in London by marking positions in a credit derivatives portfolio at inflated prices. ...
Pepsico, Unilever and Nestlé accused of complicity in illegal rainforest destruction image
....“Relying on NGOs to uncover the truth is simply not good enough,” she said. “If RAN, with our relatively limited budget, can figure it out, then multibillion dollar, multinational corporations certainly can. ...
Exxon fined $2m for violating Russia sanctions while Rex Tillerson was CEO image
....But while he was at Exxon, Tillerson opposed the sanctions levied on Moscow for its annexation of Crimea. Those sanctions cost his company hundreds of millions of dollars. ...
The cost of living crisis is down to Brexit. The chickens are coming home to roost | David Blanchflower image
....The main reason inflation is rising in the UK is because of Brexit. Import prices have risen because of the fall in the value of the pound, which is down about 13% to the dollar from $1. ...
Mike Ashley brushes off 60% dive in profits as shares in Sports Direct rise image
....7m in the year to the end of April. Ashley, the company’s billionaire founder, chief executive and majority shareholder, blamed the fall in profits on the decline in the value of the pound against the dollar, which he said had a “significant impact”. ...
US court overturns Libor convictions of ex-Rabobank traders image
Source : Guardian [Read Article] Wednesday 19th of July 2017 02:35:28 PM
....Allen, Rabobank’s former global head of liquidity and finance, and Conti, a former senior trader, were convicted of fixing Libor by a federal jury in New York in November 2015, in the first case of its kind to reach a courtroom in the US. Prosecutors alleged Allen and Conti participated in a five-year conspiracy at Rabobank to rig yen and dollar Libor rates. ...
Lower fuel prices slow pace of UK inflation image
Source : Guardian [Read Article] Tuesday 18th of July 2017 08:56:34 AM
.... The surprise Brexit vote triggered a sharp fall in the value of the pound and drove up the cost of goods imported from abroad, making shop prices more expensive. The pound fell half a cent against the dollar to $1. ...
If home ownership continues to shrink, the retirement system is in trouble | Greg Jericho image
....Now in the context of the past few years, that is not all that high, but it is higher than the RBA would like given it has repeatedly noted in its statements on monetary policy decisions of the benefit of the falling exchange rate since 2013 and that “an appreciating exchange rate would complicate this adjustment”:. A higher dollar makes our exports more expensive and thus hurts such businesses. ...
City regulator plans rule change to allow Saudi oil giant's $2tn float in London image
....The proposals by the Financial Conduct Authority come as Aramco weighs up which financial centre to pick for the sale of 5% of its shares. The company could be valued at $2tn – a huge price tag that would also generate hundreds of millions of dollars in fees for investment bankers, lawyers and other professional firms involved in stock market flotations. ...
US 'will become one of the world's top gas exporters by 2020' image
Source : Guardian [Read Article] Thursday 13th of July 2017 07:00:01 AM
....More than half of that new production will be turned into liquefied natural gas for exports, he added. Three major LNG terminals are being built on the Texas coast by Houston-based firms, at a cost of tens of billions of dollars, to export the gas. ...
Why a population of, say, 15 million makes sense for Australia image
Source : Guardian [Read Article] Tuesday 11th of July 2017 04:54:13 AM
....On the positive side, and also left out of GDP, are the value of household work, parenting, unpaid child and aged care, volunteer work, the quality of education, the value of consumer goods lasting longer, and so on. The overall GPI measure, expressed in dollars, takes 26 such factors into account. ...
Mark Zuckerberg’s got some cheek, advocating a universal basic income | Sonia Sodha image
....But the proponents of a basic income often talk it up as replacement for welfare benefits altogether. Funding a decent safety net that gets paid to everyone – where there isn’t a multibillion-dollar state-backed fund conveniently created in the 1970s from oil reserves – would be very expensive. ...
Philip Morris cigarettes charged millions after losing plain packaging case against Australia image
. The tobacco manufacturer Philip Morris will be forced to pay millions of dollars in legal fees to Australia after its failed case against plain packaging laws. ...
Facebook village? Social media giant to build 'social housing' image
Source : Guardian [Read Article] Sunday 9th of July 2017 06:56:57 PM
....Zuckerberg, 33, who is the world’s fifth-richest person with a $64. 7bn fortune, owns several homes worth tens of millions of dollars. ...
Detroit is 'booming' again. You have to be rich and powerful to notice, though | Bankole Thompson image
....Few miles away from the downtown area is Midtown, which is quickly becoming a business enclave and an extension of the business district because it is also getting an almost equal amount of investments. Multimillion dollar investments are being pumped into downtown and Midtown, creating a sort of Mecca in the American midwest. ...
Fears for UK economy after weaker-than-expected growth reports image
Source : Guardian [Read Article] Friday 7th of July 2017 11:37:06 AM
....A drop in manufacturing output, a slowdown for the construction industry and a widening in Britain’s trade deficit have doused expectations that the Bank of England will raise interest rates over the coming months. The pound dropped sharply against the dollar and euro on Friday after the latest signs that the economic resilience seen after last summer’s Brexit vote has waned. ...
AB Foods lifted by Primark sales boost image
Source : BBC [Read Article] Thursday 6th of July 2017 08:19:29 AM
....In addition, it said continued production difficulties in some factories meant that "we also expect to lose some further revenue permanently". On the currency markets, the pound was flat against the dollar at $1. ...
Fuel savers image
Source : BBC [Read Article] Wednesday 5th of July 2017 11:12:32 PM
....But he adds that his "instinct" is that the result does not necessarily help the environment as much as it helps companies to get more out of existing assets, particularly in terms of costs. One firm that claims to have helped clients save thousands of dollars in existing, sometimes relatively old, facilities is BuildingIQ. ...
Russia's future looks bleak without economic and political reform | Kenneth Rogoff image
.... Indeed, Elvira Nabiullina, the CBR’s governor, has twice won international central banker of the year awards. But the burden of adjustment has largely fallen on consumers, owing to a roughly 50% drop in the ruble’s value relative to the dollar; real wages and consumption both fell sharply. ...
FTSE 100 lower despite Worldpay share surge image
Source : BBC [Read Article] Tuesday 4th of July 2017 03:55:15 PM
....On the currency markets, the pound was down 0. 17% against the dollar at $1. ...
US stock glitch: What can you buy for $123.47? image
Source : BBC [Read Article] Tuesday 4th of July 2017 09:39:44 AM
....Our budget wouldn't stretch to the best seats for their Singapore show. But a Category B ticket will cost 168 Singapore dollars (about $123). ...
Forget Murdoch. It’s social media that’s really pulling the strings image
.... Add Netflix and Amazon Prime in to that pot of trouble, plus the necessity to make big, expensive Rivieras to compete, and the good UK times for Sky may be over. Will Rupert – and especially James – want to pay top dollar next year when the CMA makes up its mind? Will there be any enthusiasm for spending more and more to keep the drag-anchor of Sky News in business? Will newspapers – even the loss-making Sun – be safe from sale or shake-out?. ...
British Weetabix seized by New Zealand customs in breakfast bowl battle with rival image
.... they are trying to bully the small guys,” Wilson said. “They are trying to force us to do what they want because they are a multimillion-dollar company, but we are not willing to bow to Sanitarium’s demands as we don’t believe there is a case of trademark infringement here and we are standing up for that principle. ...
EU appeals WTO decision in Boeing dispute image
Source : BBC [Read Article] Thursday 29th of June 2017 07:35:07 PM
....The fight is part of a 13-year dispute between the EU and the US over support offered to Boeing and Europe's Airbus. In 2012, the WTO found that state and federal programmes provided Boeing with billions of dollars in illegal subsidies. ...
The Guardian view on Murdoch’s Sky takeover: not a done deal | Editorial image
....7bn bid for the pan-European Sky via his Fox television division. This time a slew of sexual harassment cases, high-profile firings and multimillion-dollar payouts at Fox News have not disqualified Mr Murdoch from controlling Sky, sans pesky shareholders. ...
Malawi and Unicef launch drone air corridor image
Source : BBC [Read Article] Thursday 29th of June 2017 04:27:48 PM
.... . While there are legitimate concerns about privacy and safety, the absence of progressive drone laws to regulate the industry means African countries have been missing out on the multi-billion dollar industry. ...
HSBC ends up but FTSE ends lower image
Source : BBC [Read Article] Thursday 29th of June 2017 04:05:38 PM
....On the currency markets, the pound continued to strengthen. Against the dollar it was up 0. ...
The Tories must rein in Rupert Murdoch and block the Sky deal | Tom Watson image
.... The full extent of the paper’s corrupt relationship with senior police officers won’t emerge unless the government initiates the second part of the Leveson inquiry. At Fox News, a bullying culture seems to have enabled senior executives to abuse their positions and resulted in a raft of sexual harassment cases – at a combined cost to the company of millions of dollars. ...
Savings to finally be boosted as Mark Carney hints interest rates set to rise image
Source : Daily Express [Read Article] Thursday 29th of June 2017 11:11:00 AM
....29 for the first time since the General Election, an increase of one per cent. It was the sixth day in a row that the pound has risen against the US dollar, it’s best run since March last year. ...
Pound leaps as Carney says growth will be factor in interest rate debate image
Source : Guardian [Read Article] Wednesday 28th of June 2017 03:15:46 PM
....The governor of the Bank of England has sent the pound higher on the foreign exchanges after he warned that the continued growth in the UK economy would eventually lead to higher interest rates. Sterling rose by almost a cent against the dollar to stand at a post-election high on remarks seen as bringing forward the date of the first increase in the cost of borrowing since the start of the financial crisis 10 years ago. ...
Uber's scandals, blunders and PR disasters: the full list image
Source : Guardian [Read Article] Tuesday 27th of June 2017 11:14:33 PM
....News leaked of a secret program that Uber internally called “Hell” that allowed the company to spy on its rival Lyft to uncover drivers working for both companies and to help steer them away from the competitor. Uber agreed to pay drivers in New York City tens of millions of dollars after admitting it underpaid them for more than two years by taking a larger cut of fares than it was entitled. ...
Ice-cream demand fires up supermarket sales in June image
Source : Guardian [Read Article] Tuesday 27th of June 2017 09:11:01 AM
....Fruit: up 5. 7%Largely the result of the rising cost of importing fruit such as bananas, which are priced in dollars. ...
Potential Martin Shkreli jurors: we can't be impartial over 'most hated man' in US image
....Though Shkreli’s notoriety came from Daraprim, the federal securities fraud case is unrelated. Prosecutors say that after Shkreli lost millions of dollars through bad trades through his side business hedge fund, he looted a second pharmaceutical company for $11m to pay them back. ...
Bond Street: status of UK's most exclusive shopping street under threat image
.... Dolce & Gabbana, Hugo Boss, De Beers and DKNY are among the big brands understood to be considering their options. Bond Street is the most expensive place in Britain to run a store, with fashion brands paying top dollar to be located alongside the biggest names in luxury including Louis Vuitton, Chanel, Dior and Hermès. ...
Central banks raise alarm over new crash after steep rise in lending image
Source : Guardian [Read Article] Sunday 25th of June 2017 10:30:27 AM
....“The strong post-crisis growth of foreign currency debt adds to vulnerabilities in some countries. Indeed, given the dominant global role of the US dollar, dollar funding remains a potential pressure point in the international monetary and financial system. ...
Move by UK supermarkets threatens to bring Fairtrade crashing down image
Source : Guardian [Read Article] Saturday 24th of June 2017 11:02:13 PM
....But its biggest test is likely to be Brexit and the many new “free trade” deals which Britain, the US and others are expected to sign. New taxes on imports from the world’s poorest countries could cost small producers billions of dollars. ...
One year on from Brexit vote: business's winners and losers image
Source : Guardian [Read Article] Thursday 22nd of June 2017 11:01:08 PM
.... Blue chip companies with a large proportion of foreign earnings are among the biggest winners. The pound tanked when the result of the referendum became clear on 24 June and 12 months on the currency is still down 15% against the dollar at just above $1. ...
Brexit economy: UK faces slowdown amid living standards squeeze image
Source : Guardian [Read Article] Thursday 22nd of June 2017 11:01:36 AM
....Wages are now falling in real terms – adjusting for inflation – and the squeeze on household budgets has hurt consumer-facing businesses. But unemployment remains at a 42-year low, a drop in imports has narrowed Britain’s trade deficit and the pound’s renewed weakness has boosted the FTSE 100 by flattering the performance of companies that operate overseas and report their earnings in dollars. ...

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