Sunday, 25 August, 2019

U.S. government refrains from calling China a currency manipulator

Treasury Secretary Steve Mnuchin right says the president respects the central bank's independence JACQUELYN MARTIN APTreasury Secretary Steve Mnuchin right says the president respects the central bank's independence
Russell Knight | 19 October, 2018, 21:54

"My biggest threat is the Fed", Trump said Tuesday.

Randal Quarles, who rarely discusses monetary policy, painted a somewhat more optimistic picture than his colleagues on the economy's longer-term capacity and said he favoured a bit more dovish path than most others in the USA central banking system.

In putting Beijing and five other US trading partners on notice, the Treasury again refrained from escalating a fight over China's currency as US President Donald Trump had once pledged to do on the campaign trail.

Every policymaker backed the Fed's September rate increase, according to the minutes of the Sept. 25-26 meeting, published Wednesday.

As well as making life more hard for U.S. exporters, a stronger greenback also raises the borrowing costs of many heavily-indebted emerging market economies, such as those in Latin America which have high levels of dollar-denominated borrowing.

USA stock prices recovered some earlier losses but were still down for the day following the minutes.

Treasury yields were little changed.

Facebook is building a camera TV set-top box codenamed Ripley
The facebook's Portal device uses A.I.to automatically detect and follow people as they move throughout the frame during a video call.

The release clause that could see Neymar leave PSG
Yesterday sources close to Neymar laid out why he wants to go back to the Nou Camp - and it's got a lot to do with Kylian Mbappe. Neymar's move to Paris Saint-Germain had many questioning his ambitions as a footballer.

Donald Trump threatens to shut US-Mexico border unless migrant caravan stopped
USA officials have already began expressing concerns about the caravan, which also prompted angry tweets from President Trump . Mexico's peso weakened more than 1.5 percent against the dollar on Thursday, partly driven by Trump's comments, analysts said.

Though the minutes did not refer to any of Trump's criticism, its message of further rate increases suggests that policymakers are not fazed by it.

According to the minutes: "A few participants expected that policy would need to become modestly restrictive for a time and a number judged that it would be necessary to temporarily raise the federal funds rate above their assessments of its longer-run level".

Onshore yuan, traded in China, fell by as much as 0.07 per cent to touch a fresh 21-month low on Friday before rebounding 0.05 per cent Thursday's close to stand at 6.9338 against the dollar.

They also noted that some businesses said they were investing less in the energy sector due to the imposition of import tariffs on steel and aluminum, part of an array of trade policy conflicts the Trump administration has pursued. Raising rates is the Fed's way of lowering the risk of runaway inflation, which happens when competition for labor and a shortage of goods in a fast-growing economy leads to big increases in wages and prices.

Last week, Trump called the Fed "loco" and "too aggressive" for its commitment to cooling the economy, and blamed the central bank for the more than 1,000-point drop in the Dow Jones industrial average last week.

The minutes showed that "almost all" policymakers agreed it was time to stop saying they were stimulating the economy.

Recommended

  • IPhone Xr pre-orders are now live

    IPhone Xr pre-orders are now live

    It'll be available in 64GB, 128GB, and 256GB storage options as well as black, blue, yellow, white, coral, and red color options. Apple is likely to sell its new and cheaper iPhone XR faster than the luxury iPhone XS and XS Max, an Apple analyst has claimed.
    Red Dead Redemption 2 Launch Trailer Revealed

    Red Dead Redemption 2 Launch Trailer Revealed

    Red Dead Redemption 2 , an epic tale of life in America at the dawn of the modern age, arrives for PlayStation 4 on October 26th. We'll just have to wait and see whether Rockstar has managed to split the data so that the game is playable on one disc.
    Twitter makes public Russia, Iran meddling tweet trove

    Twitter makes public Russia, Iran meddling tweet trove

    They stressed that they would "continue to proactively combat nefarious attempts to undermine the integrity of Twitter". Similar accounts with suspected Iranian ties cloaked their efforts as French, Croatian and Spanish reporters.
  • New Version of The Real World Coming To Facebook Watch

    New Version of The Real World Coming To Facebook Watch

    MTV has announced The Real World is coming to Facebook Watch, Facebook's streaming service that's very slowly amassing content. Rajwat said: "With Watch, we have built an interactive experience that gives you a new level of access and influence".
    Putin says former Soviet Republics regret end of USSR

    Putin says former Soviet Republics regret end of USSR

    Speaking Thursday at an worldwide policy forum, Putin said: "Those who believe that there was a murder must present evidence". President Donald Trump] will no longer have to constantly look back at those who engage in anti-Russian rhetoric".
    Sri Lanka Denies Reports Sirisena Said RAW Plotted Assassination

    Sri Lanka Denies Reports Sirisena Said RAW Plotted Assassination

    However, the Sri Lankan government issued an elaborate denial of the report and clarifications came from the highest level. He also referred to his meeting with the Indian high commissioner in Colombo on Wednesday morning to discuss the matter.
  • Turkish official: Police found evidence of Khashoggi slaying

    Turkish official: Police found evidence of Khashoggi slaying

    Police are planning a second search at the Saudi consul's home nearby, a Turkish Foreign Ministry official said. The reporter went missing on 2 October after he entered the Consulate of Saudi Arabia in Istanbul.
    Duke in the NBA: Lakers exercise option on Brandon Ingram

    Duke in the NBA: Lakers exercise option on Brandon Ingram

    The 33-year-old signed a four-year deal with the Lakers in the summer, earning a reported $154m (£118.2m ) over the term. The lengthy wing had a strong preseason, averaging 17.4 points, 5.0 rebounds and 1.6 assists in 25.7 minutes per game.
    Trump threatens to close US-Mexico border over Honduran migrant caravan

    Trump threatens to close US-Mexico border over Honduran migrant caravan

    No evidence of criminal affiliations among the migrants screened or interviewed by reporters in the area has emerged so far. Current Foreign Relations Secretary Luis Videgaray was also sanguine and viewed things through the lens of USA politics.
  • Ministry of Health reminds public to get the flu vaccine

    Ministry of Health reminds public to get the flu vaccine

    Even if you don't care whether you get sick, health officials urge vaccination to protect more vulnerable people around you. So it's possible that you could contract flu or a variation of the virus during in this time.
    NOAA predicts a warmer, wetter California winter due to weak El Niño

    NOAA predicts a warmer, wetter California winter due to weak El Niño

    Broadly speaking, "El Nino" refers to a climate effect caused by warming sea surface temperatures in parts of the Pacific Ocean. As for that other big winter factor - snow - Halpert says the weather service has no prediction for Maine.
    At leat 50 dead in train accident in Amritsar

    At leat 50 dead in train accident in Amritsar

    Police reports say that more than 50 people are feared dead. "Out of nowhere came the train", said a man, sounding angry. Preliminary report suggests that the incident took place following a stampede during the Dussehra celebration.

US Secretary of State Mike Pompeo arrives in Turkey for Khashoggi talks US Secretary of State Mike Pompeo arrives in Turkey for Khashoggi talks The recording also revealed Mr Khashoggi had fingers cut off and was told to "shut up" or face being killed, Yeni Safak reported. Confirming that the tape has been requested, Mr Trump added: "I'm not sure yet that it exists, probably does, possibly does".

US Secretary of State Mike Pompeo arrives in Turkey for Khashoggi talks US Secretary of State Mike Pompeo arrives in Turkey for Khashoggi talks The recording also revealed Mr Khashoggi had fingers cut off and was told to "shut up" or face being killed, Yeni Safak reported. Confirming that the tape has been requested, Mr Trump added: "I'm not sure yet that it exists, probably does, possibly does".

US Jerusalem consulate merger draws Palestinian anger US Jerusalem consulate merger draws Palestinian anger Pro-Israel advocates hailed the decision, saying it confirmed the U.S. recognised the whole of Jerusalem as part of Israel. The status of Jerusalem goes to the heart of the Israeli-Palestinian conflict.

Refuses to Apologize for Playing up Native American Heritage Refuses to Apologize for Playing up Native American Heritage Elizabeth Warren is taking a page from Trump's playbook, hitting back in personal terms and calling him "creepy" on Twitter . This decision led her to be named the first woman of color to become a professor at Harvard Law.

Tesla taking orders for shorter-range, $45,000 Model 3 Tesla taking orders for shorter-range, $45,000 Model 3 The more affordable Tesla sports a 260-mile range, a 125 miles per hour top speed, and goes from 0 to 60 in 5.6 seconds. What will arrive in as little as six weeks, and be available in the USA and Canada, is called the Model 3 Mid Range.

Hazard hedging his bets over Madrid move Hazard hedging his bets over Madrid move Chelsea winger Eden Hazard has revealed his conversation with Chelsea boss Maurizio Sarri when the latter was appointed. In the last three months I have seen him always very happy so I don't think so'.

Italy´s PM Conte: Proud of budget, seeks European Union dialogue 'without prejudice' Italy´s PM Conte: Proud of budget, seeks European Union  dialogue 'without prejudice' At the summit, Austrian Chancellor Sebastian Kurz said fiscal rules should be respected by all, adding: "Too much debt is risky ".

Anna Burns wins 50th Man Booker Prize for 'Milkman' Anna Burns wins 50th Man Booker Prize for 'Milkman' He said: "I've never thought that a book that people can read on the tube was one of the important features to look for". Appiah said the judges didn't take the author's gender or nationality into account when selecting the victor .

Dimon, Fink pulling out of Saudi conference Dimon, Fink pulling out of Saudi conference Turkish sources allege he was killed by a 15-strong team of Saudi agents but Riyadh insists that he left the consulate unharmed. A bone saw was used to dismember Khashoggi's body and it was placed in handheld cases and transported back to Saudi Arabia.

Samsung announces Galaxy Book 2 with Snapdragon 850 and 12-inch sAMOLED Samsung announces Galaxy Book 2 with Snapdragon 850 and 12-inch sAMOLED It's a tad heavier than the original at 1.85g (compared to 1.58g), and measures in at 11.32 x 7.89 x 0.30in. Notably, it also comes inbuilt with gigabit LTE connectivity thanks to the Snapdragon X20 LTE modem inside.

We need 'much more time' to reach Brexit deal: EU's Barnier We need 'much more time' to reach Brexit deal: EU's Barnier She concludes: "How much they don't know about the past and if they do know, how little they care". They agreed to call a summit if Barnier decides there is "decisive progress" in the talks.

Usain Bolt rejects 2-year deal with Maltese club Usain Bolt rejects 2-year deal with Maltese club The A-League season begins in Australia on Friday, with the Mariners beginning their campaign two days later at Brisbane Roar.

Apple to hold iPad Pro event on October 30 in NY Apple to hold iPad Pro event on October  30 in NY Apple doesn't usually launch new products in NY , often opting for a venue closer to its home base in Cupertino, California. Could we also see GarageBand or some more instrumental apps? On its website, Apple said the event will be live streamed.

Social Media Reacts to Azhar Ali’s Run Out in 2nd Test Social Media Reacts to Azhar Ali’s Run Out in 2nd Test Australia began their day with the overnight batsmen Aaron Finch and Travis Head hoping to delay the inevitable. Pakistan are now playing a two-match Test series against Australia in the United Arab Emirates.

US Plans To Withdraw From 144 Year-old Postal Treaty US Plans To Withdraw From 144 Year-old Postal Treaty A 1-pound package that costs the USPS about $10 to deliver can be mailed from China for just $2.50, per White House numbers. China joined the UPU in 1914, when its economy was nearly entirely agrarian. "They have not responded to our asks", he said.