Business


Melbourne residents warned about bitcoin scam Melbourne residents warned about bitcoin scam
- October 07, 2018

According to detectives at Maribyrnong Crime Investigation Unit, all the victims hail from Melbourne's eastern suburbs. One thing common with all four victims is the fact that they were asked to make their way down to a bitcoin ATM located in Braybrook, after which they are given a bitcoin address where they will be sending the money to. (more...)
Fed’s Williams sees ‘ways to go’ before rates pinch growth Fed’s Williams sees ‘ways to go’ before rates pinch growth
- October 06, 2018

Fed Chairman Jerome Powell emphasized that the outlook for the USA economy is "remarkably positive" and mused that the expansion now underway can continue "effectively indefinitely". "Interest rates are still accommodative, but we're gradually moving to a place where they will be neutral", he said, and added, "We may go past neutral, but we're a long way from neutral at this point". (more...)
Pregnancy tests recalled after they give false positive results Pregnancy tests recalled after they give false positive results
- October 06, 2018

Asda insisted that its two-pack of digital tests was quality tested and a spokesman said it would continue to sell the product. A company statement said: "The digital pregnancy test is producing a number of false positive results which is misleading to consumers". (more...)
SEC Asks for Additional Comment on Rejected Bitcoin ETFs SEC Asks for Additional Comment on Rejected Bitcoin ETFs
- October 06, 2018

GraniteShares Bitcoin ETF is one of that ETF that would not be investing in direct bitcoins but into futures of Bitcoins that are now being traded at CBOE Futures Exchange ("CFE") and the Chicago Mercantile Exchange ("CME"). What does this mean for crypto? As CCN reported , the SEC denied these applications in August, slashing hope among many retail cryptocurrency investors that one of these funds would soon be listed on a regulated securities exchange. (more...)
Canada adds 63,300 jobs in September, many more than expected
- October 06, 2018

The U.S. economy added 18,000 manufacturing jobs in September, according to Labor Department data released Friday. Analysts in a Reuters poll had forecast a gain of 25,000 positions. John's at 9.6 per cent. The agency's monthly labour force survey found that all of the job gains in September were made by workers in the core 25-to-54 age range with virtually no change in youth employment. (more...)
Consortium considering cash bid for Chapelfield owner Intu Consortium considering cash bid for Chapelfield owner Intu
- October 06, 2018

Peel Group, which is the investment vehicle of the Whittaker family, Saudi Arabia's Olayan Group and property investor Brookfield said on Thursday they were weighing a cash offer for the London-listed company behind sites such as Manchester's Trafford Centre. (more...)
Emergency response at Sydney airport after pilot makes mayday call Emergency response at Sydney airport after pilot makes mayday call
- October 06, 2018

The airport was not shut down during the emergency response, and it's understood there were no delays to flights. Most passengers on board were reportedly unaware the alarm had been raised. "Everyone was calm, no panic, no announcement". Another man told Nine News he noticed the emergency response as his daughters' flight was leaving. (more...)
Too little, too late, says Opposition on fuel price cut Too little, too late, says Opposition on fuel price cut
- October 06, 2018

The Modi government has raised it to Rs 19.48 per litre. Since yesterday, prices of auto fuels declined the most in Assam and Madhya Pradesh, followed by Jammu & Kashmir, Chhattisgarh and Arunachal Pradesh. Brent, the benchmark for more than half the world's oil, has touched $86 per barrel mark, the highest in four years, while the rupee plunged to its lowest ever level of 73.81 against the dollar, resulting in expensive crude imports. (more...)
Companies give final go-ahead to Kitimat LNG facility Companies give final go-ahead to Kitimat LNG facility
- October 06, 2018

Bloomberg News reported Sunday that the group had approved the investment and an announcement was imminent. Meanwhile, Prime Minister Justin Trudeau said the LNG Canada announcement represents the single largest private sector investment project in Canadian history. (more...)
GE pops after laying out the details of its new CEO's contract
- October 06, 2018

GE shares closed Thursday at $12.66, about half of the price this time previous year. If Culp, who was named chairman and CEO on Monday , is able to boost GE's stock price by 50% to 150% within four years, he would make up to $300 million, according to CNBC . (more...)
Brexit border demand: Northern Irish leaders call for clarity Brexit border demand: Northern Irish leaders call for clarity
- October 06, 2018

Avoiding erecting an elaborate border between EU-state Ireland and Britain's province of Northern Ireland after Brexit is the main potential deal-breaker. An EU source said: "The message to Labour is that the United Kingdom could move up Barnier's stairs if the British government changes its position in the transition period. (more...)
‘Dancing Queen’ Theresa May stops the rot with barnstorming speech ‘Dancing Queen’ Theresa May stops the rot with barnstorming speech
- October 06, 2018

Coming out on stage to the strains of Abba's Dancing Queen , a nod to her impromptu dance routine with schoolchildren on a recent trip to South Africa, she re-enacted the moves on her way to the lectern to tumultuous applause. She also threw in that a decade of austerity was finally over for Britain. Despite the attempt to boost morale within the party, this year's conference has been notable for the stark divide that has been apparent within the Conservatives. (more...)
'We will not stand down,' VP Pence warns China 'We will not stand down,' VP Pence warns China
- October 05, 2018

The unusually expansive and aggressive criticism of Beijing by a senior USA official indicated that Washington could be preparing to take a more confrontational approach with China on issues beyond just the trade dispute. Pacific Fleet is drafting plans for a global show of force to warn China and demonstrate resolve to deter Beijing's military actions, CNN reported Thursday, citing several unidentified U.S. (more...)
Fed chair does not see signs of inflation spike Fed chair does not see signs of inflation spike
- October 05, 2018

The Fed last week raised the benchmark USA interest rate for the third time this year amid strong growth, and despite tame inflation, which has been hovering around the central bank's two percent target. The situation, with below 4 percent unemployment expected through at least two more years, and inflation that will remain modest even as wages rise, would be "unique in modern US data", Powell acknowledged. (more...)
U.S. unemployment rate falls to 49-year low of 3.7 percent U.S. unemployment rate falls to 49-year low of 3.7 percent
- October 05, 2018

This is the lowest unemployment rate since December 1969. July's numbers were revised up to 165,000 jobs from the previous estimate of 147,000; at the same time August's job number was revised up to 270,000 from the initial estimate of 201,000. (more...)
Unilever scraps plans to shift headquarters after investor pressure Unilever scraps plans to shift headquarters after investor pressure
- October 05, 2018

In a short statement today Unilever said that it had engaged in an "extensive" period of engagement with shareholders and had received "widespread support for the principle behind simplification". The company made a decision to review its dual corporate structure after fending off a £115,000,000,000 takeover bid by United States food giant Kraft Heinz a year ago. (more...)
US, Canada in last-minute NAFTA deal US, Canada in last-minute NAFTA deal
- October 05, 2018

The Mexican government said the letter provided insurance that gave the auto industry scope to grow. "The Americans had started off demanding 50 per cent USA domestic content in cars and auto parts". The agreement was reached late Sunday and gives US farmers greater access to the Canadian dairy market. "We will carefully review all the details of the agreement to ensure it promotes USA economic growth and maintains access to the products American families need at the prices they can afford". (more...)
Minimum Wage In Saskatchewan Is $11.06 Effective October 1, 2018 Minimum Wage In Saskatchewan Is $11.06 Effective October 1, 2018
- October 05, 2018

Minimum wage in Saskatchewan has increased to $11.06 an hour - up 10 cents from the previous minimum wage of $10.96 an hour. "We are improving wages for working Manitobans and as of October 1, the minimum wage is increasing to $11.35", said Growth, Enterprise and Trade Minister Blaine Pedersen in a release on Friday. (more...)
Toyota recalls 55,000 hybrids in United Kingdom over 'stalling' fault Toyota recalls 55,000 hybrids in United Kingdom over 'stalling' fault
- October 05, 2018

Toyota said it would update the software of the vehicles for free to remedy the problem. "This recall affects limited numbers of customers in Ireland, and if any customer has any queries or concerns our dealer network will be happy to address these". (more...)
Aston Martin debuts in London stock exchange at £19 per share Aston Martin debuts in London stock exchange at £19 per share
- October 05, 2018

Eligible Aston Martin employees, customers and owners' club members based in the United Kingdom will benefit from a specific share offer. Aston Martin, the luxury British auto maker famously driven by James Bond will list on the London Stock Exchange today. (more...)
Cyber-Attack? China-US Relations Deteriorating Amid Trade War
- October 05, 2018

The speech , which will likely strain relations further, came days after a Chinese military vessel almost collided with a US Navy ship in the waters around the disputed Spratly Islands in the South China Sea. Pence made the remarks as United States officials have been demanding answers from Google over its reported plans to re-enter the Chinese market with the search app. (more...)
Grow your own marijuana empire in Weedcraft Inc Grow your own marijuana empire in Weedcraft Inc
- October 05, 2018

As with all management games of this style, profit is the name of the game and everything you do is for the ultimate goal of stacking up that green stuff... You'll be able to approach the tricky subject in any way you deem necessary. Your activities will also attract the attention of the police, who'll periodically barge into your basement and even seize your supply if you're running your business flagrantly. (more...)
Amazon to cut bonuses, stock benefits as it raises wages Amazon to cut bonuses, stock benefits as it raises wages
- October 05, 2018

According to Bloomberg , "Warehouse workers for the e-commerce giant in the USA were eligible in the past for monthly bonuses that could total hundreds of dollars per month as well as stock awards, said two people familiar with Amazon's pay policies". (more...)
Prime Minister Theresa May commits to no new fuel duty increases Prime Minister Theresa May commits to no new fuel duty increases
- October 05, 2018

In her keynote speech at the Conservative Party conference in Birmingham today , Mrs May revealed that Chancellor Philip Hammond won't include an increase to fuel duty (a tax on petrol and diesel that is charged in addition to VAT) in his Autumn Budget on October 29. (more...)
Pence accuses China of seeking to change USA president Pence accuses China of seeking to change USA president
- October 04, 2018

Pence is scheduled to speak at 11 a.m. EDT at the Hudson Institute in Washington , D.C. Watch the vice president's remarks in the player above. Despite that, Pence said: 'As a senior career member of our intelligence community recently told me, what the Russians are doing pales in comparison to what China is doing across this country'. (more...)

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