Markets

Markets South Korea to ban cryptocurrency traders from using anonymous bank accounts
Author: 0 South Korea to ban cryptocurrency traders from using anonymous bank accounts

Today (Jan. 23), South Korea's Financial Services Commission announced that a real-name registration system will be implemented for cryptocurrency trading by Jan. The new regulations against cryptocurrencies were first introduced at the end of a year ago by Hong Nam-ki, minister of the Office for Government Policy Coordination.

Markets TSA adds strict air cargo scrutiny from five predominantly Muslim countries
Author: 0 TSA adds strict air cargo scrutiny from five predominantly Muslim countries

TSA says the changes are being implemented based on threat assessments conducted on each country, and each were selected because of "a demonstrated intent by terrorist groups to attack aviation from them". Military-grade explosives sent from Turkey via air cargo ended up in Sydney, destined for an Etihad Airways flight to Abu Dhabi. It comes as the Trump administration has been working to increase global airport security.

Markets Sensex Up 180 Points On Global Cues; Nifty Rises 50 Points
Author: 0 Sensex Up 180 Points On Global Cues; Nifty Rises 50 Points

USA stocks ended higher after the Senate reached a short- term compromise to end a government shutdown that began last week. Continuing with gains for the fourth consecutive trade session, the key Indian equity indices on Monday yet again surged to record high levels with healthy buying in consumer durables, IT and capital goods stocks.

Markets Oil rises as Saudi Arabia says producers will cooperate beyond 2018
Author: 0 Oil rises as Saudi Arabia says producers will cooperate beyond 2018

OPEC and 10 producers outside the cartel, including Russia-which produced around 10.9 million barrels a day in 2017-agreed late a year ago to extend an agreement to hold back crude output by almost 2% through the end of 2018. Prices, however, fell for the first week in six, pressured by rising USA output data and doubts that Russian Federation would support an extension of the OPEC output cut deal.

Markets Halliburton Earnings, Revenue Growth Beat Views As Stock Nears Buy Point
Author: 0 Halliburton Earnings, Revenue Growth Beat Views As Stock Nears Buy Point

In third quarter, Halliburton reported a profit of $365 million on revenues of $5.4 billion. A number of brokerages have recently weighed in on HAL . Cowen's price target indicates a potential downside of 2.48% from the stock's previous close. Following the completion of the transaction, the chairman now directly owns 490,143 shares in the company, valued at approximately $21,419,249.10.

Markets Turkish onslaught in Syria gives Putin new victory headache
Author: 0 Turkish onslaught in Syria gives Putin new victory headache

The U.S. -backed Syrian Democratic Forces (SDF) are dominated by YPG fighters. Turkey on Saturday launched Operation Olive Branch to clear PYD/PKK and Daesh terrorists from Syria's Afrin region. It was "to a very large extent" the United States policy towards the Kurds which served as the catalyst for the Turkish offensive in northern Syria, the former diplomat and ambassador to the UN Office in Vienna, Egypt and Saudi Arabia said.

Markets Who is Om Prakash Rawat?
Author: 0 Who is Om Prakash Rawat?

The newly elected CEC Om Prakash Rawat on Sunday said he supports the government's decision of Aadhaar to be linked with voter's Identity. Lavasa would demit office in October 2022 and would be the CEC after Arora. Rawat toldThe Economic Times he is in favour of biometric-based identity checks before a a voter enters into a polling booth and gets access to an EVM.

Markets Amazon raises month-to-month Prime worth in US
Author: 0 Amazon raises month-to-month Prime worth in US

Annual membership remains $99 - or $49 for students - if paid in one installment. "What happens in the home USA market usually always makes its way over to the United Kingdom and other markets, so there's little doubt United Kingdom consumers could see a similar price rise in the months ahead".

Markets Ocado partners with Canada's Sobeys
Author: 0 Ocado partners with Canada's Sobeys

It said Sobeys and Ocado will develop their first Customer Fulfilment Centre (CFC) in the Greater Toronto Area, the build of which is expected to take approximately two years. French supermarket Groupe Casino signed a deal with Ocado a year ago to use its grocery e-commerce platform to develop its online business. Michael Medline, president and chief executive of Sobeys, said his firm "intends to play to win in Canadian online grocery shopping".

Markets Trump makes first big trade move with tariffs aimed at Asia
Author: 0 Trump makes first big trade move with tariffs aimed at Asia

Chinese-made washing machine imports led to a "substantial" decline in market share for U.S. producers, according to USTR . A separate advocacy organization, the Solar Energy Industries Association , warned before the tariffs were announced that such an action would put 48,000 to 63,000 American solar industry workers out of a job this year.

Markets Montana Governor's Executive Order Would Force Net Neutrality
Author: 0 Montana Governor's Executive Order Would Force Net Neutrality

Steve Bullock will declare that any internet service provider with a state government contract can not block or charge more for faster delivery of websites, two core aspects of net neutrality , to any customer in the state. "When the FCC repealed its net neutrality rules, it said consumers should choose". He's going to issue an executive order making Net Neutrality the law of the land if you want to do business with Montana's government.

Markets Sanofi Buys Hemophilia Drugmaker In $11.6B Deal
Author: 0 Sanofi Buys Hemophilia Drugmaker In $11.6B Deal

Under the agreement, Sanofi will acquire all outstanding shares of Bioverativ for US$105 per share in cash, totalling $11.6bn on a fully diluted basis. The company generated sales of $847 million in 2016. He said he harboured a "strong admiration" for Bioverativ , which is a leader in the field with two drugs, Eloctate and Alprolix, already in the market and estimated overall sales of $1.2 billion in 2017.

Markets International Monetary Fund predicts India will surpass China's growth rate in 2018
Author: 0 International Monetary Fund predicts India will surpass China's growth rate in 2018

The pickup in growth has been broad based, with notable upside surprises in Europe and Asia. The 2019 growth projection for Japan moved to 0.9 from 0.8 percent. Of the 29 countries the World Economic Forum assessed, the United States ranked 10th for economic growth but dropped near the bottom - 28th place - for ensuring everyone benefits from growth.

Markets Woman falls overboard from cruise ship into Gulf of Mexico
Author: 0 Woman falls overboard from cruise ship into Gulf of Mexico

Carnival Cruise Line spokesman Vance Gulliksen said the incident occurred early Friday morning near Freeport, Bahamas. A woman has fallen overboard from a cruise ship into the Gulf of Mexico while sailing from New Orleans . "There was blood everywhere", a woman on board texted her mother, who then told the Herald. And in February 2017, Kevin Wellons from Georgia fell overboard from the Carnival Elation near the Bahamas.

Markets Alexis Sanchez left Arsenal because of money - Arsene Wenger
Author: 0 Alexis Sanchez left Arsenal because of money - Arsene Wenger

United have appeared to be on the brink of signing Sanchez since Premier League leaders Manchester City ended their pursuit of the Chile forward on Monday. Winger Anthony Martial scored the victor against Burnley but Mourinho feels he needs greater options going forward. "So it's a big statement of intent from Man United to say, "look, we aren't just going to sit back and allow Man City and Pep Guardiola to dominate".

Markets Georgian PM departs for Davos to attend World Economic Forum
Author: 0 Georgian PM departs for Davos to attend World Economic Forum

Trump is the first US president to attend WEF's annual meeting since Bill Clinton in 2000, though Trump's attendance may be hampered by an ongoing USA government shutdown over spending plans. White House officials said over the weekend that a government shutdown in the United States was unlikely to prevent Trump from making the trip, although the budget director, Mick Mulvaney, said it was now "in flux".

Markets Oil prices steady as Saudi Arabia points to output cut extension
Author: 0 Oil prices steady as Saudi Arabia points to output cut extension

However, neither minister said whether then current production curbs would need to be extended into 2019, although Al-Falih said they should remain in place until the end of the year, as previously agreed. "We have reduce overhang by two-thirds which is a laudable achievement, but one-third of the overhang is still there", Falih added. "The downside might be limited but last week's highs are unlikely to be penetrated unless there is a significant bullish change on the supply front", Tamas ...

Markets IPhone X boosts Dixons Carphone sales
Author: 0 IPhone X boosts Dixons Carphone sales

It now trades from roughly 1,000 shops but has raised the prospect of a significant shrinking of its estate over time. The statement, coming a day ahead of schedule after current CEO James' notice of departure on Friday, echo the polarising Christmas period seen by United Kingdom retailers: Those with strong online presence (ex-ABF's Primark) enjoyed a record trading period, while those with a more traditional brick and mortar focus saw a continuing slide in sales.

Markets Richest 1 percent took 80 percent of wealth created globally previous year
Author: 0 Richest 1 percent took 80 percent of wealth created globally previous year

Jim Clarken, Oxfam Ireland's Chief Executive, said: "Something is very wrong with a global economy that allows the one per cent to enjoy the lion's share of increases in wealth while the poorest half of humanity miss out". "The billionaire boom is not a sign of a thriving economy but a symptom of a failing economic system", said Winnie Byanyima, the executive director of Oxfam International.