European markets are expected to open higher Wednesday on growing expectations of another rate hike in the United States before the year-end. The FTSE 100 is set to open up by 5 points at 7,277; the DAX is seen higher by 14 points at 12,607 and the CAC 40 is set to begin higher by […]
Read moreSan Francisco City Attorney Dennis Herrera filed a lawsuit on Tuesday against Equifax, the credit reporting firm which suffered a massive data breach affecting personal identifying information of 143 million people — more than half the country’s adult population. The city attorney’s office said in a notice that the lawsuit was filed against Equifax for […]
Read moreApple told CNBC it will be releasing a fix for a disruptive sound in the earpieces of some iPhone 8 and iPhone 8 Plus smartphones during phone calls, an issue reported by The Verge. “Dozens” of users are reporting online that the earpieces makes a “crackling” or “static” sound that “disrupts the audio” when they […]
Read moreRide-hailing service Uber said on Tuesday it will stop operating in the Canadian province ofQuebec next month, pulling out to avoid following tough new regulations announced last week. Uber is withdrawing from Canada’s second-most populous province as it also battles a decision to strip the company of its license to operate in London, the latest […]
Read moreU.S. money manager Invesco may announce a deal to purchase Guggenheim Partners’ exchange-traded fund business on Thursday, the Financial Times reported on Wednesday, citing two people familiar with the matter. Invesco is expected to pay between $1.1 billion and $1.3 billion in cash for the purchase, which has yet to be finalized, the newspaper said, […]
Read moreCommerce Secretary Wilbur Ross told CNBC that the White House isn’t in chaos, its transition was “normal,”‘ and he blamed the news media for being too focused on Washington. “Anytime you have a new administration, particularly a shift from one party that had been in the administration for eight years to another one, you’re bound […]
Read moreAsia markets on Wednesday are likely to focus on Federal Reserve Chair Janet Yellen’s overnight speech as North Korea tensions take a backseat. Fed Chair Janet Yellen’s speech on Tuesday was regarded as slightly hawkish by market watchers after she said the central bank had to continue raising interest rates gradually in the face of […]
Read moreThe United States will see its gross domestic product rise by 1 percent if the government can get tax reform “right,” according to the commerce secretary. Getting U.S. tax reform right is important, because it could add nearly $3 trillion in federal government revenue in the next decade, Wilbur Ross said on Wednesday. Beyond the […]
Read moreChina does not need the “preferential treatment” on trade today that would’ve been justified decades ago, U.S. Commerce Secretary Wilbur Ross told CNBC on Wednesday. Ross said the U.S. doesn’t mind competition — but that it wants the race to be “on a fair and level playing field.” The United States made a policy decision […]
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India’s economic growth hit a three-year low during the April-June period, enveloping Prime Minister Narendra Modi in a barrage of criticism for poor execution of major reforms such as the recent national sales tax and demonetization. But a new World Economic Forum study indicates his government has made progress in strengthening overall business sentiment. The […]
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