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BHP Group: Australia’s iron ore output to rose 6% this fiscal year

BHP Group: Australia’s iron ore output to rose 6% this fiscal year

Annual output fell to 269.6 million tons in fiscal 2019, missing an average forecast of 272 million tons among five analysts surveyed by Bloomberg. The steel-making material advanced 71% in the first ...

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Singapore's non-oil exports to China decline 15.8 pct in June

Singapore's non-oil exports to China decline 15.8 pct in June

Moreover, electronics NODX to all top 10 NODX markets including the United States all declined by double-digit growth again in June, which suggests that there is no light at the end of the tunnel for ...

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Wells Fargo 2Q results beat Street estimates

Wells Fargo 2Q results beat Street estimates

JPMorgan's second-quarter earnings were better than expected, but the company slightly downgraded its outlook on the Federal Reserve's expected interest rate cuts . Q2 net interest income of $12.1B f...

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The cheapest Apple AirPods price on Amazon Prime Day

The cheapest Apple AirPods price on Amazon Prime Day

Beyond the charging methods, there's no difference between the wireless product itself. The H1 chip delivers faster connections for switching between devices, and you can say "Hey Siri" to activate Ap...

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United Kingdom wage growth up to 3.6 per cent in

United Kingdom wage growth up to 3.6 per cent in "tight" labour market

Overall the UK's unemployment rate remains at its lowest since 1974 at 3.8%, with female unemployment reaching a new record low of 3.6%. There was a fall of 58,000 in full-time employment, offset by a...

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Juul CEO Apologies For Vaping Epidemic

Juul CEO Apologies For Vaping Epidemic

Juul CEO Kevin Burns claims that Juul, the most popular e-cigarette in the USA, wasn't developed specifically for use by teenagers but to help adults quit smoking while getting their nicotine fix. T...

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London house prices plunge at fastest annual rate since 2009

London house prices plunge at fastest annual rate since 2009

Elsewhere, furniture prices also moved upwards, rising 0.9% in June as household cleaning products saw significant price rises. Furthermore, the Consumer Prices Index including owner occupiers' hous...

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Citigroup profits rise, helped by higher interest rates

Citigroup profits rise, helped by higher interest rates

Earnings season gets underway in earnest Tuesday with banking giants Goldman Sachs , J.P. Morgan Chase, Wells Fargo and Charles Schwab all set to report earnings before the bell, along with other b...

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United Kingdom to change discount rate for personal injury claims to -0.25%

United Kingdom to change discount rate for personal injury claims to -0.25%

The Chancellor today raised the personal injury discount rate - or Ogden rate as it is known - to minus 0.25% from the minus 0.75% set in 2017 but this is well below the level industry insiders were d...

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US Industrial Production Unchanged in June

US Industrial Production Unchanged in June

May industrial production was unrevised at a 0.4% increase. Import prices in the United States fell by 0.9 percent in June compared to the previous month. Economists had expected 78.1%. Production a...

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United States retail sales post broad gains in June, topping estimates

United States retail sales post broad gains in June, topping estimates

Better-than-expected retail sales growth last month will feed into the broader pace of economic growth for the second quarter. While the retail sales increase is a net positive for GDP, the number i...

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Undercover visit leaves Disney heir unhappy with happiest place on Earth

Undercover visit leaves Disney heir unhappy with happiest place on Earth

She is still waiting for a proper response. "You're a great CEO by any measure, perhaps even the greatest CEO in the country right now", she wrote Iger. "American workers need meaningful change; the...

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Huawei Plans Extensive Layoffs at its US Operations

Huawei Plans Extensive Layoffs at its US Operations

An attempt by the Trump administration to ease the restrictions of the blacklist against Huawei may be a reaction to pressure from USA companies such as Intel ( INTL ) that provide computer chips to...

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No-deal Brexit looms larger as Johnson, Hunt declare backstop 'dead'

No-deal Brexit looms larger as Johnson, Hunt declare backstop 'dead'

Some have argued for an exit clause or time limit to ensure that Britain isn't trapped in the backstop indefinitely. Despite pledging his support for Mr Johnson in the leadership race, Mr Raab refus...

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IMF managing director Lagarde resigns in advance of ECB post

Other names being floated include Bank of Finland Governor Olli Rehn, as well as Germanys Bundesbank President Jens Weidmann, and ECB executive board member Benoit Coeure. "The Executive Board will no...

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BMW M5 Competition highway patrol auto joins Victoria Police

BMW M5 Competition highway patrol auto joins Victoria Police

In Australia, the M5 Competition commands a price of AUD $230,000 - that's $161,365 in U.S. dollars. Not only did the Victoria Highway Patrol score an M5, the department strapped a light bar atop ...

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Australia: Shares unmoved by dovish central bank minutes, New Zealand eases

Australia: Shares unmoved by dovish central bank minutes, New Zealand eases

Over in China, Shanghai Composite dropped 0.11% by the afternoon and the Shenzhen component slipped 0.18%. Wall Street closed higher yesterday: The Dow Jones Industrial Average gained 0.1 per cent...

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Goldman Sachs revenue rises 16 per cent from high investing, lending business

Goldman Sachs revenue rises 16 per cent from high investing, lending business

Net income was US$2.2 billion (RM9.03 billion), down 6.4 per cent from the year-ago period. The FactSet consensus for institutional client services revenue was $3.33 billion. Solomon said on an anal...

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Government grants Jaguar Land Rover £500m EV loan - Motor Finance

Government grants Jaguar Land Rover £500m EV loan - Motor Finance

The funding package includes the £500m loan from government export credit agency UK Export Finance, as well as £125m from commercial lenders. Earlier this month, JLR had unveiled plans to produce a ...

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Rise on Chinese data

Rise on Chinese data

A report from the Energy Information Administration said crude oil production from major US shale plays is forecast to climb by 49,000 barrels a day in August to 8.546 million barrels a day. China's c...

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US Treasury has 'serious concerns' Libra could be used for terrorism

US Treasury has 'serious concerns' Libra could be used for terrorism

He said the potential for money laundering and other illicit activities is high, and vowed that Treasury would crack down on lawbreakers when it finds them. "We know we need to take the time to get ...

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Tesla Makes Several Changes To Pricing, Features, & Model Offerings

Tesla Makes Several Changes To Pricing, Features, & Model Offerings

That continues today, as the automaker has dropped the standard-range Model S and Model X , leaving only the Long Range and Performance variants in the lineup. Essentially, the Model S and X Standa...

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Scotland produces nearly double the amount of wind energy required

Scotland produces nearly double the amount of wind energy required

WWF notes that this news comes as the United Kingdom has been experiencing some of the longest periods without coal power since the days of the Industrial Revolution. That's according to the renewab...

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Ford and UAW negotiate contract

Ford and UAW negotiate contract

But Ford, General Motors and Fiat Chrysler now enter the talks with the UAW amid a global sales slowdown and an uncertain trade environment that is weighing on future outlooks. UAW-represented workers...

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Australian state pledges US$420 mln to fix fire-prone building cladding

Australian state pledges US$420 mln to fix fire-prone building cladding

The fire sparked concerns about the building's cladding. On Tuesday the Victorian premier Daniel Andrews announced a $600m fund to pay for rectification of 500 buildings identified by an audit , ...

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Worst airline for UK flight delays revealed

Worst airline for UK flight delays revealed

Wizz Air and Norwegian also performed poorly with delays of 23 minutes and 22 minutes respectively. Cathay Pacific Airways is the most punctual airline, with aircraft typically taking off just eight...

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Ryanair to cut flights after 737 Max delays

Ryanair to cut flights after 737 Max delays

The Boeing 737 MAX has been grounded across the world since March this year after two of its models crashed in two separate deadly disasters in Indonesia and Ethiopia last October and this March, ...

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Amazon rivals ride on Prime Day marketing as protests unfold

Amazon rivals ride on Prime Day marketing as protests unfold

Amazon Prime Day has entered its second and final day - it goes through 3 a.m. ET tonight. With hundreds of sales to sift through before the deals close after Tuesday (US deals will be available th...

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Treasury Secretary Steven Mnuchin gives cryptocurrency briefing

Treasury Secretary Steven Mnuchin gives cryptocurrency briefing

Latest wave of cryptocurrency sell-off had also affected other smaller digital currencies as Ethereum had shrugged off more than 18 percent over the weekend to $225.23, a level last seen during May ...

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Broadcom drops Symantec acquisition bid over price - Security

Broadcom drops Symantec acquisition bid over price - Security

The assessment reportedly led the company's representatives in the talks to lower the offer by more than $1.50 per share, while Symantec insisted on a $28-a-share minimum price. Tan apparently wants t...

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