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....2%. The pound leapt against the dollar on the figures, which add weight to a potential rate hike by the Bank of England for the first time in a decade. ... [Read full article on Guardian ]
Wednesday 20th of September 2017 12:58:06 PM
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....The pound, which surged to its highest level since the Brexit vote in June 2016 on Friday after Vileghe made the case for rate rises, slipped back 0. 8% against the dollar on Monday after Carney signalled that any hikes would be gradual and limited. ... [Read full article on Guardian ]
Monday 18th of September 2017 03:36:20 PM
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....In 2014 Bernanke hinted that the time had come to sell some of this vast fund back to private investors or, more precisely, to stop buying back the bonds when they matured. Widely seen as a precursor to much higher interest rates, this had the effect of sending the cost of borrowing in dollars over the next 30 years rocketing. ... [Read full article on Guardian ]
Sunday 24th of September 2017 06:00:37 AM
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....The increase in foreign visitors during the peak summer months failed to match the rise around the Easter period, when their numbers and the amount they spent increased by about 20% on the year before. The surge in tourist numbers during the spring has kept the annual rate of growth at 8%, but analysts believe there will be no repeat of the double digit increases seen earlier in the year because of terror attacks in Manchester and London and the recent weakness of the dollar, which has deterred some American tourists from travelling to London. ... [Read full article on Guardian ]
Friday 22nd of September 2017 09:18:13 AM
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Latest Finance News related to Dollar

The Fed’s change of direction will only fuel America’s growing debt problem image
....In 2014 Bernanke hinted that the time had come to sell some of this vast fund back to private investors or, more precisely, to stop buying back the bonds when they matured. Widely seen as a precursor to much higher interest rates, this had the effect of sending the cost of borrowing in dollars over the next 30 years rocketing. ...
UK draws record overseas tourists after pound's Brexit plunge image
Source : Guardian [Read Article] Friday 22nd of September 2017 09:18:13 AM
....The increase in foreign visitors during the peak summer months failed to match the rise around the Easter period, when their numbers and the amount they spent increased by about 20% on the year before. The surge in tourist numbers during the spring has kept the annual rate of growth at 8%, but analysts believe there will be no repeat of the double digit increases seen earlier in the year because of terror attacks in Manchester and London and the recent weakness of the dollar, which has deterred some American tourists from travelling to London. ...
UK shoppers continue to spend despite rising prices image
Source : Guardian [Read Article] Wednesday 20th of September 2017 12:58:06 PM
....2%. The pound leapt against the dollar on the figures, which add weight to a potential rate hike by the Bank of England for the first time in a decade. ...
Fall in migration after Brexit could push up inflation, says Carney image
Source : Guardian [Read Article] Monday 18th of September 2017 03:36:20 PM
....The pound, which surged to its highest level since the Brexit vote in June 2016 on Friday after Vileghe made the case for rate rises, slipped back 0. 8% against the dollar on Monday after Carney signalled that any hikes would be gradual and limited. ...
Growing risk of 'debt trap' if interest rates stay low, say central bankers image
Source : Guardian [Read Article] Sunday 17th of September 2017 04:00:45 PM
....Borio noted that corporate debt in the US, one of the countries at the heart of the financial crisis, “is now considerably higher than it was pre-crisis”, although overall private sector debt in relation to GDP had declined. In a special feature in the report, Borio and his colleagues Robert McCauley and Patrick McGuire analysed what they called “missing debt” – the amount of dollar debt borrowed by non-banks outside the US through foreign exchange derivatives markets, which does not appear on firms’ balance sheets. ...
Don’t dismiss bankers' predictions of a bitcoin bubble – they should know image
.... A bitcoin is a cryptographic solution to a complex equation. It is not as recognisable to you or me as a unit of value as, say, a dollar bill or a prize conker. ...
Bitcoin value plummets after China orders trading in currency to cease image
Source : Guardian [Read Article] Friday 15th of September 2017 04:52:30 PM
.... You can’t have a business where people can invent a currency out of thin air and think that people who are buying it are really smart,” he said. “If you were a drug dealer, a murderer, stuff like that, you are better off doing it in bitcoin than US dollars. ...
Don’t let the bankers fool you: bitcoin is here to stay | Dominic Frisby image
Source : Guardian [Read Article] Friday 15th of September 2017 11:25:21 AM
.... Although JP Morgan was by no means the most leveraged of the banks, it still took bailout money, and, as its CEO, Dimon and bitcoin will inevitably be philosophically opposed. His utter faith in the US dollar sounds rather like the boss of a major record label talking up CDs a year before the iPod was brought to market. ...
Prospect of interest rate rise sends pound back to level of Brexit result day image
....The prospect of the first interest rate rise in a decade has sent the pound to its highest level since the day after the Brexit vote and put debt-laden consumers on notice of higher borrowing costs. The rally in the pound against the dollar provided some relief for Briton’s travelling abroad and comes amid heightened expectations that the Bank of England could increase rates as soon as November. ...
End austerity – and kickstart Martin Luther King’s revolution of values | Richard Kozul-Wright image
....That behaviour produced a gathering financial storm that began a decade ago and eventually broke with devastating force on Lehman Brothers, sending investors into a panic, bringing hard times to the high street and spreading out across the global economy. In response to that crisis, governments pumped trillions of dollars into their financial sectors and closed down the most egregious loopholes and toxic products; but however good their intentions, the reality is that few who caused the crash have been held accountable for their actions, and little has been done to tackle its root causes. ...
UK interest rates stay at 0.25% but Bank of England hints rise is looming image
Source : Guardian [Read Article] Thursday 14th of September 2017 01:24:03 PM
.... It added that a majority of the interest rate setting committee agreed with that assessment, and the governor, Mark Carney, later confirmed that he shared the majority view. The pound jumped more than 1% against the dollar and the euro as the financial markets digested the impact of the comments. ...
Chocolate industry drives rainforest disaster in Ivory Coast image
Source : Guardian [Read Article] Wednesday 13th of September 2017 12:30:10 PM
.... They sell it to middlemen with motorbikes known as ‘pisteurs’, or direct to buyers in local towns. These supply traders, which are often multimillion-dollar companies, which in turn sell to big chocolatiers. ...
Bitcoin is a fraud that will blow up, says JP Morgan boss image
Source : Guardian [Read Article] Wednesday 13th of September 2017 08:10:44 AM
.... You can’t have a business where people can invent a currency out of thin air and think that people who are buying it are really smart. “If you were in Venezuela or Ecuador or North Korea or a bunch of parts like that, or if you were a drug dealer, a murderer, stuff like that, you are better off doing it in bitcoin than US dollars,” he said. ...
iPhone X: new Apple smartphone dumps home button for all-screen design image
Source : Guardian [Read Article] Tuesday 12th of September 2017 06:57:46 PM
....Apple’s senior vice president of worldwide marketing, Phil Schiller, took to the stage of the company’s new Steve Jobs Theater situated within the brand new Apple Park “spaceship” headquarters to unveil the new iPhones. The new $999 (£999 – there is dollar-to-pound equality on the new range of Apple products) iPhone X will come with the company’s new iOS 11 software featuring new on-screen buttons and gestures to replace the standard physical home button, which has been a mainstay of iPhones since the line’s launch in 2007, plus new animated emoji called Animoji. ...
Bitcoin investors could lose all their money, FCA warns image
Source : Guardian [Read Article] Tuesday 12th of September 2017 01:48:03 PM
.... But their similarities with IPOs end there. Instead of raising funds from the public in sterling, euros or dollars, investors in ICOs pay in cryptocurrencies such as bitcoin and ether. ...
Tim Cook: Apple products aren't just for the rich image
Source : Guardian [Read Article] Tuesday 12th of September 2017 11:53:35 AM
....”. Jobs’ multimillion dollar textbook was never released to the public, but in January 2012, three months after he died, the company revealed a stripped-down version of his plan: iBooks Textbooks, a partnership with the publishing industry to sell $15 high school textbooks for the iPad in the US. ...
UK cost-of-living crisis grows as dearer imports push inflation to 2.9% image
Source : Guardian [Read Article] Tuesday 12th of September 2017 09:36:14 AM
iPhone X: Apple’s latest iPhone name leaks ahead of official release image
Source : Guardian [Read Article] Monday 11th of September 2017 02:15:00 AM
....Apple’s latest iPhone will be called the iPhone X, according to a leaked report. The name of the phone – rumored to be priced at close to $1,000 and set to be launched on Tuesday at the company’s new multibillion-dollar headquarters – was first reported by the Apple news website 9to5Mac. ...
American Apparel founder Dov Charney: ‘Sleeping with people you work with is unavoidable’ image
.... The shortest answer is that the problems started when the company went public in 2007, and soon enough, all the qualities that Charney saw as his strengths – his unpredictability, his dizzying ambition, his notoriety – were liabilities in the context of Wall Street. American Apparel was also crushed with debt accrued from rapid over-expansion, despite raking in hundreds and hundreds of millions of dollars a year, and Charney himself was costing the company money. ...
The Observer view on controlling the power of digital titans | Observer editorial image
....But even Apple cannot escape concerns about its possession of so much private power. It stands on the threshold of being the world’s first trillion-dollar company. ...
Shelling out: Britons go nuts for coconut water image
Source : Guardian [Read Article] Friday 8th of September 2017 01:56:10 PM
....“It sounds like a joke. You know, two Jewish boys go into a bar, meet two Brazilian women and the idea for a multimillion-dollar beverage company is born. ...
Harvey spells it out: markets alone won't protect you | Joseph Stiglitz image
Source : Guardian [Read Article] Friday 8th of September 2017 09:58:59 AM
....What America doesn’t have is a coherent view of government by those on the right, who, working with special interests that benefit from their extreme policies, continue to speak out of both sides of their mouth. Before a crisis, they resist regulations and oppose government investment and planning; afterwards, they demand – and receive – billions of dollars to compensate them for their losses, even those that could easily have been prevented. ...
Amazon seeks prime North American spot for second headquarters image
Source : Guardian [Read Article] Thursday 7th of September 2017 03:06:03 PM
....The new HQ will be the world’s largest e-commerce company’s second in North America, and “will be a full equal” to its current headquarters in Seattle, Amazon founder and chief executive Jeff Bezos said. “Amazon HQ2 will bring billions of dollars in upfront and ongoing investments, and tens of thousands of high-paying jobs. ...
Amazon and Apple join race for James Bond distribution rights image
Source : Guardian [Read Article] Wednesday 6th of September 2017 04:54:45 PM
. Amazon and Apple have emerged as contenders to take on the multibillion-dollar distribution rights for the James Bond film franchise and could provide a new TV home for 007. ...
The debt trap: how the student loan industry betrays young Americans image
Source : Guardian [Read Article] Wednesday 6th of September 2017 10:00:28 AM
.... It has bought up private student loans, both servicing them and earning interest off of them. And it has purchased billions of dollars worth of the older taxpayer-backed loans, again earning interest, as well as servicing that debt. ...
North Korea tensions ripple through global financial markets image
Source : Guardian [Read Article] Monday 4th of September 2017 05:50:06 PM
....German bond yields dipped to their lowest levels in more than four months, while the Swiss franc, often regarded among investors as a safer bet in turbulent times, rose 0. 7% against the dollar. ...
McDonald’s workers rally outside parliament amid first UK strike image
Source : Guardian [Read Article] Monday 4th of September 2017 12:20:46 PM
....Employees, union workers and members of parliament, including the shadow chancellor, John McDonnell, gathered on College Green as part of an international day of action on Monday. About 40 staff from McDonald’s restaurants in Cambridge and Crayford, south-east London, walked out over the multibillion dollar company’s use of zero-hour contracts and lack of union recognition. ...
How Amazon is using catwalk trends to try to conquer high-street fashion image
Source : Guardian [Read Article] Monday 4th of September 2017 09:31:22 AM
.... But, if a company with European revenues of £19. 5bn in 2016 and a teeny tax bill of £15m can’t take a risk chasing the fashion dollar, who can?. ...
From streaming to selfies – six things Taylor Swift taught the music industry image
....It is not just superstars benefiting from the rise of global digital services. Last week Merlin, the global digital rights agency representing more than 20,000 independent labels, announced that it had paid out its billionth dollar to members. ...
Travel money demand suggests rise in Britons choosing south-east Asia image
Source : Guardian [Read Article] Friday 1st of September 2017 11:01:05 PM
....”. Strong demand for trips to watch the British & Irish Lions summer rugby tour made the New Zealand dollar the fastest growing currency between June and August, with demand up 124%. ...
Apple joins consortium in revised £14bn bid for Toshiba's chip business image
Source : Guardian [Read Article] Thursday 31st of August 2017 12:02:06 PM
....Alternatively, a combined Toshiba and Western Digital business could be almost as large as Samsung’s memory unit, giving it more negotiating leverage against Apple. Toshiba has been scrambling to sell its flash memory unit to cover billions of dollars in losses at its bankrupt US nuclear business, Westinghouse. ...
Dara Khosrowshahi's Uber in-tray: 20 issues new chief must address image
Source : Guardian [Read Article] Wednesday 30th of August 2017 07:26:40 PM
....8bn in 2016, the largest in a string of annual losses. This, Uber would argue, is because it is in a phase of rapid growth, requiring billions of dollars of investment. ...
Trump's corporate tax plan will probably not create a job boom, report finds image
....The studies suggest that the tax rate is not tied to job creation. While researchers at the Institute for Policy Studies didn’t study the fate of tax savings on a dollar-for-dollar basis, “we realized that that these companies had huge sums of money that were going into stock buybacks,” says Sarah Anderson, director of the Global Economy Project at the institute and the report’s author. ...
Hedge funds: Game of Thrones location spurs rise of business empire image
Source : Guardian [Read Article] Wednesday 30th of August 2017 05:07:31 AM
.... And this is about a band that broke up in 1970. “The key thing is to make sure attractions connected to Game of Thrones in Northern Ireland don’t take tourists away from other places here; to ensure that there is no ‘transfer’ of tourist dollars from other locations. ...
FTSE falls to 16-week low after North Korea missile test and storm Harvey image
....The FTSE 100 tumbled to a 16-week low as investors reacted to North Korea’s latest missile test by dumping shares on the London stock market. Stocks listed in Paris and Frankfurt also fell on Tuesday and the dollar came under pressure, underscoring the flight from equities to safe haven assets, including gold. ...
Total Harvey cost could be as high as $100bn, says insurance expert image
Source : Guardian [Read Article] Tuesday 29th of August 2017 12:18:16 PM
. With the catastrophic Texas floods triggered by the former Hurricane Harvey expected to worsen, early estimates suggest the financial damage it has inflicted has already run into tens of billions of dollars, and one forecaster has predicted the final bill could be as high as $100bn (£77bn). ...
Trump's rollback of flood protections risks further Houston-style calamity image
....Many towns are located in coastal areas and riverine floodplains, where the National Oceanic and Atmospheric Administration (NOAA) says “building codes are often insufficient in reducing damage from extreme events”. The number of “billion-dollar events” – natural disasters ranging from flooding to wildfires that incur more than $1bn in damage – has risen over the past few decades, increasing in cost from a roughly $10bn five-year average in 1985 to more than $50bn in 2015. ...
Exxon deliberately misled public on climate science, say researchers image
Source : Guardian [Read Article] Thursday 24th of August 2017 02:04:29 AM
.... now points towards a discernable human influence on global climate”. At the same time, however, the company was spending tens of millions of dollars to place editorials in the New York Times and other influential newspapers that delivered a very different message. ...
Investment risk: How Bitcoin turns early investors into millionaires image
Source : Daily Express [Read Article] Wednesday 23rd of August 2017 09:32:00 AM
. Some will have heard how Bitcoin turned early investors into millionaires, as the price soared from a few US cents to thousands of dollars. ...
Brexit economy: outlook positive but rocky negotiations could bring instability image
....The dashboard for July shows a further deterioration in the value of the pound amid a bleak mood over the prospects for the UK economy, against an improving picture in Europe, pushing sterling to a more than 10-month low against the euro. While the dollar has suffered due to political turbulence in Washington, sterling is now resuming a downward slide against the greenback. ...
Indian opposition calls for investigation into Adani over financial fraud allegations image
....The Indian conglomerate is hoping to secure a $700m (A$900m) Australian government loan to develop one the world’s largest coal mines in Queensland. The documents, compiled in 2014 by India’s directorate of revenue intelligence (DRI), accuse Adani Group of ordering hundreds of millions of dollars’ worth of equipment for an electricity project in Maharashtra state using a front company in Dubai. ...
Silicon Roundabout gets Brexit jitters image
Source : Guardian [Read Article] Saturday 19th of August 2017 11:05:27 PM
....Nevertheless, he sees Brexit as an “own goal”. The pound’s slump had already dented the value of investment in his company – “it came in as dollars but it’s in the bank account as pounds and so it loses value” – and the app’s future expansion would require a pool of skilled international workers. ...
China moves to curb overseas acquisitions as firms' debt levels rise image
Source : Guardian [Read Article] Friday 18th of August 2017 05:32:17 PM
....6bn. At the same time, the document encourages companies to plough money into projects related to the “Belt and Road” project, President Xi Jinping’s signature foreign policy initiative that seeks to link China with other parts of Asia and eastern Europe through multibillion-dollar investments in ports, highways, railways, power plants and other infrastructure. ...
Weaker sterling attracts record number of foreign tourists to UK image
Source : Guardian [Read Article] Friday 18th of August 2017 04:16:40 PM
....2bn. Brexit has led to a slump in the value of the pound against most major currencies – including a 16% drop against the euro and a more than 13% slide against the dollar – making holiday and business trips to the UK more attractive. ...
Revealed: how British American Tobacco exploited war zones to sell cigarettes image
....They also show that BAT made plans to launch in South Sudan just two days before it gained independence from the north after years of destruction from a civil war that left 4 million people displaced. And they tell of a town in eastern DRC that is not on any map, created by BAT to produce and process tobacco leaf, where, according to a whistleblower, millions of dollars were delivered to pay farmers and staff, carried in secretly. ...
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
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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. ...

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