Markets

Markets How a glitch can cost $20 billion worth of Bitcoin
Author: 0 How a glitch can cost $20 billion worth of Bitcoin

The issue was discovered on February 16 and Zaif made the public aware on February 20 via a blog on its website. However, Reuters reported that it is still trying to solve the issue as one person tried to withdraw the funds from the exchange.

Markets Euro zone ministers choose Spaniard as ECB Vice President
Author: 0 Euro zone ministers choose Spaniard as ECB Vice President

Donohoe closed his statement by congratulating De Guindos and said he has "an excellent track record" in Spain . "I want to wish him every success in his future new role". But de Guindos dismissed this criticism. According to various EU politicians, the appointment could affect the independence of the ECB as de Guindos is a sitting minister and a European Peoples Party stalwart.

Markets Gold Prices at 1-week lows as dollar remains supported
Author: 0 Gold Prices at 1-week lows as dollar remains supported

Market participants probably interpreted the Fed minutes as leaving open the possibility that the central bank could raise interest rates four times this year, said Hirofumi Suzuki, an economist for Sumitomo Mitsui Banking Corporation (SMBC) in Singapore.

Markets PNB Employees Transferred, Claims National Organisation of Bank Workers
Author: 0 PNB Employees Transferred, Claims National Organisation of Bank Workers

It is alleged that the issuance of Letters of Undertaking (LoU) to Nirav Modi group firms without sanctioned limits started during his tenure. The PNB has lodged two financial fraud complaints of Rs. The banking fraud is expanding as more lenders disclose exposure to the allegedly illegal transactions by Modi. "This thereby jeopardised our ability to discharge the dues of the group to the banks", he added, in a letter reportedly addressed to PNB's management.

Markets Violent brawls transform Carnival trip into 'cruise from hell,' passengers say
Author: 0 Violent brawls transform Carnival trip into 'cruise from hell,' passengers say

Video of the incidents shows some passengers fighting on the deck in daylight which was reportedly a precursor to the late-night brawl in the nightclub. "To add insult to injury. they charged us a $19.54 credit card convenience fee to settle accounts before disembarkation this morning". One witness later described the fight as a " bloodbath ", while another said the rest of the ship's guests were "truly scared for [their] safety".

Markets Coal India lose monopoly as India opens coal mining to private firms
Author: 0 Coal India lose monopoly as India opens coal mining to private firms

Coal Secretary Susheel Kumar says the bidding will be done online. The government has initiated one of the biggest reforms in the mining sector. How will this announcement affect the Coal sector? By an order on September 24, 2014, the Supreme Court of India had cancelled 204 coal mines/blocks allocated to the various government and private Companies since 1993 under the provisions of Coal Mines (Nationalisation) Act, 1973.

Markets Existing-Home Sales Fell 3.2% in January
Author: 0 Existing-Home Sales Fell 3.2% in January

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($453,100 or less) increased to its highest level since January 2014, 4.64 percent, from 4.57 percent. Existing home sales dropped 3.2 percent to a seasonally adjusted annual rate of 5.38 million units last month, with purchases declining in all four regions.

Markets BC Government ignores advice from MSP task force, brings in payroll tax
Author: 0 BC Government ignores advice from MSP task force, brings in payroll tax

Last July, the New Democratic Party (NDP) came to power in British Columbia after a hotly contested election and a no-confidence vote in the previous governing party. Businesses with payrolls of more than $1.5 million will pay a rate of 1.95 per cent on their total payrolls. Those under $500,000 will not pay at all.

Markets Shire Plc (LON:SHP) Buy Rating Has Just Been Reiterated by Citigroup
Author: 0 Shire Plc (LON:SHP) Buy Rating Has Just Been Reiterated by Citigroup

Therefore 40% are positive. Kepler Cheuvreux maintained RELX PLC (LON:REL) rating on Thursday, October 22. The company was maintained on Wednesday, April 26 by Liberum Capital. It has a 6.34 P/E ratio. Spectris plc manufactures and sells measuring instruments and controls worldwide. The company has market cap of 394.40 million GBP.

Markets Chicken Shortage Sparks Panic At The KFC
Author: 0 Chicken Shortage Sparks Panic At The KFC

A bucket sized crisis has hit fast food lovers in the United Kingdom after takeaway chain KFC admitted it had run out of chicken. KFC has set up a webpage for United Kingdom customers to find out the latest updates regarding their nearest outlets.

Markets Installation begins on Bezos-backed 10000 year clock
Author: 0 Installation begins on Bezos-backed 10000 year clock

Visitors will also be able to wind the clock if they want. Bezos said he's been "helping Danny with the project for the last half dozen years". Bezo writes in the 10,000YearClock blog, "Carved into the mountain are five room-sized anniversary chambers: 1 year, 10 year, 100 year, 1,000 year, and 10,000 year anniversaries".

Markets Lloyds Banking Group reports 8% rise in pre-tax profits
Author: 0 Lloyds Banking Group reports 8% rise in pre-tax profits

The company has an average rating of "Buy" and a consensus target price of GBX 76.08 ($1.05). As per Monday, June 12, the company rating was maintained by Jefferies. J.P. Morgan has "Overweight" rating and GBX 98 target. Fisher Asset Management, LLC is the second biggest holder with 119 million shares now valued at 436.51 million whilst Robeco Investment Management, Inc.

Markets Volvo V60 official details revealed and now comes with advanced tech
Author: 0 Volvo V60 official details revealed and now comes with advanced tech

A second version of the T6 is also expected for the US market, and it will introduce a new plug-in hybrid powertrain to Americans. Nothing has yet been said about electric range. It also benefits from the latest autobraking technology. The V60 is equipped with the latest version of the Volvo's Sensus infotainment system running through a vertical tablet-style touch screen similar to the setup found in all recent Volvo releases.

Markets Weak wage growth dampens chance of rate rise
Author: 0 Weak wage growth dampens chance of rate rise

However, the number of people in work also increased, rising by 88,000 in the final three months of 2017. The unemployment rate has fallen by such a degree in recent years that some commentators have described the situation as Britain's "jobs miracle".

Markets Live Updates on Uttar Pradesh Investors' Summit 2018
Author: 0 Live Updates on Uttar Pradesh Investors' Summit 2018

Uttar Pradesh Chief Minister Yogi Adityanath said the focus sector of the summit includes handlooms, dairy, MSE, IT, start-ups, electronics, tourism, civil aviation, and films. According to the reports, Adani Group announced the investment of Rs. 35,000 crore in Uttar Pradesh in different sectors. Reliance Chairman Mukesh Ambani also stressed that Uttar Pradesh is "not rising, but racing ahead in development".

Markets AT&T To Bring 5G To Dallas & Other Cities In 2018
Author: 0 AT&T To Bring 5G To Dallas & Other Cities In 2018

The city of Dallas will be one of the first markets where customers will be able to experience 5G, a superior wireless network, AT&T announced Tuesday evening. AT&T plans to roll out 5G wireless coverage to a dozen cities during the remainder of 2018, among them Waco . Given the limitations of millimeter wave spectrum (it needs nearly flawless line-of-site and is susceptible to blockage from trees, foliage and buildings, for example) some mobile and wireless experts believe that 5G will ...