CategoryFinance

A 6.1-magnitude earthquake has struck Japan 175 miles from the Fukushima nuclear plant

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(USGS) Less than 24 hours after a 71-magnitude earthquake pummeled Mexico City , another tremor has occurred off the east coast of Japan (A map of the tectonic plate forces that subject Japan to earthquakesUSGS) Like Mexico, Japan is located in what is considered an active earthquake region Whenever these pieces of crust grind or butt up against one another, earthquakes happen Over the past...

Iranian president: Trump's UN comments 'ignorant, absurd'

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President Donald Trump's "ignorant, absurd and hateful rhetoric" about Iran unfit for the United Nations Rouhani retorted that "the ignorant, absurd and hateful rhetoric, filled with ridiculously baseless allegations, that was uttered before this august body yesterday" didn't befit an organization established to promote peace and respect among nations Israel sees Iran as its most dangerous...

Dollar rallies against pound as US Federal Reserve sets date for balance sheet reduction

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3D printing also means the scale of production could become less important, with more specialised, batch work becoming possible at a relatively low cost in rich countries Dollar bulls could be offered a rare opportunity to bounce back, if Yellen adopts a hawkish tone during her press conference Apart from the very top tier econ event we have later on, there is just existing home sales data for...

Eurowings wins union backing to speed up hiring amid Air Berlin turbulence

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BERLIN (Reuters) - Lufthansa (LHAGDE) budget unit Eurowings has agreed a deal with the Verdi union that will allow it to hire new cabin crew at short notice from rivals such as bankrupt Air Berlin (AB1DE) Eurowings planned talks on Wednesday with pilots' union Vereinigung Cockpit with the aim of being able to take on captains and first officers at short notice as well, it said Workers at Air...

Trump says decision made on Iran deal, won't say what it is

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A year ago, such a get-together would have been considered routine as nations strove to implement an agreement that curtailed Iran's nuclear activity in exchange for ending various oil, trade and financial restrictions on the country General Assembly speech on Tuesday to launch a withering critique of Iran, saying its government "masks a corrupt dictatorship behind the false guise of a democracy"...

Stocks, dollar flat as investors brace for Fed statement

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NEW YORK (Reuters) - US stocks and the dollar were steady on Wednesday with investors cautious ahead of a US Federal Reserve statement that may give clues on whether the central bank will raise interest rates for a third time this year MSCI's World index , which tracks stocks in 46 countries, was up 01 percent and hit another record, while US Treasuries prices gained slightly With the Fed due to...

Fed conflicted by weak U.S. inflation, global economic rebound

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WASHINGTON (Reuters) - Caught between a lull in US inflation and a stronger global economy, the Federal Reserve is expected on Wednesday to signal whether it will raise interest rates for a third time this year or back off until prices rise more briskly The US central bank's description of inflation in its policy statement as well as fresh economic forecasts from individual policymakers will be...

Air Berlin unit Niki denies has unpaid bills to tour operator

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VIENNA (Reuters) - Austrian airline Niki said on Wednesday it had paid all bills owed to a tour operator and it therefore expected to avert bankruptcy proceedings which have hit parent Air Berlin (AB1DE) Law firm Kosch & Partner said earlier it had applied for insolvency proceedings against Niki on behalf of an Austrian tour operator which said it was owed money by Niki "We have reviewed the...

North Korea isn't the biggest problem in the world

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It’s much more stable,” Bremmer said at the 2017 Concordia Summit As for China, by far North Korea’s biggest trading partner , Bremmer argued that “it’s getting more challenging for Trump to get what he wants” as China’s economy becomes more influential globally “China’s getting more powerful by the day, particularly economically,” Bremmer said “And the environment for Western multinationals to...

Robust Asia demand drives Mideast, Russia crude premiums to multi-month highs

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SINGAPORE (Reuters) - Spot premiums for Middle East and Russian crude loading in November and December have hit multi-month highs, spurred by robust demand in Asia, trade sources said on Wednesday Abu Dhabi's flagship crude Murban loading in November traded at premiums of about 60 cents a barrel above its official selling price, a level not seen in 18 months, according to trade sources and...

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