Markets

by | December 04, 2018 | 03:35

Within hours of the signing, Senate Democratic Leader Chuck Schumer said the deal must have stronger labour and environmental protections in order to get majority support in Congress and "must prove to be a net benefit to middle-class families and working people".

by | December 03, 2018 | 15:11

Crude oil prices gapped over 3 percent higher at the start of the Asia trading session following a rally in APAC equities. Along with a couple of other non-member producers, the OPEC-Russia meeting will be the major event in commodities this week and for the final month of 2018.

by | December 03, 2018 | 15:15

The war isn't over, but it'll cool as 2018 comes to an end. "China is unlikely to compromise on this issue", the professor noted. Just $5 a month. The biggest headline is that both sides have agreed to temporarily hold off on the implementation of new tariffs.

by | December 03, 2018 | 12:41

In a speech that comes in the wake of another volatile market selloff, Powell said that interest rates are now "just below" estimates of neutral less than two months after saying rates were probably "a long way" from that point. While Powell said Fed officials are monitoring these risks, they are not, on the whole, too anxious about them. Powell did not reference the president's criticism in his speech, and there was no mention of the attacks in the Fed's minutes .

by | December 03, 2018 | 12:32

The organization is dominated by oil-rich Saudi Arabia , which since June 2017 has led a bloc of countries in imposing a blockade on Qatar. Now Qatar will be able to produce at whatever level it wants, she said, "but I wouldn't see it as a threat to Opec's efforts to cut their production because [Qatar] is not capable on its own of flooding the market".

by | December 02, 2018 | 04:06

Set to debut at the Fuji International Speedway alongside Nissan's Formula E racer as part of the annual Nismo Festival, the Leaf Nismo RC uses the same high-capacity lithium-ion battery and inverters as the regular Leaf . Nissan will build six examples of the Leaf Nismo RC to be used in various demonstrations around the globe. A follow up to the Leaf Nismo RC of 2011, which also borrowed tech from the normal Leaf, this new one is a graphic illustration of how far EV tech has come in ...

by | December 02, 2018 | 04:06

The group said it was looking at options - that could include a sale - for the Coppertone sunscreen and Dr. Scholl's foot care products from the consumer healthcare division it bought from Merck & Co in 2014 for $14 billion. "With these measures, we aim to take full advantage of the growth potential for our businesses", Baumann said. In its statement, Bayer said the introduction of a number of new products has led to a significant increase in competition in the haemophilia segment, and in ...

by | December 02, 2018 | 02:26

While Microsoft dominated Apple during the 80s and 90s, Steve Jobs finally one-upped Bill Gates with the release of the iPod and then the iPhone in the mid-2000s. While Apple analysts see it transitioning to a business model based more on services than unit sales, there could be more pain ahead for the stock, which could dethrone it from the number-one spot in a more decisive fashion.

by | December 02, 2018 | 03:57

He was arrested after being found to have about 10 times Britain's legal limit for alcohol in his system. Breath and blood tests by police confirmed that the alcohol levels in his system exceeded the legal limit by about 10 times and nine times, respectively.

by | December 02, 2018 | 02:48

At a rally near the plant past year, Trump talked about passing by big factories whose jobs "have left OH", then told people not to sell their homes because the jobs are "coming back". "The reality is GM is on the cusp of complete disinvestment in Canada, and that will lead to a catastrophic end to Canada's most lucrative export industry".

by | December 02, 2018 | 01:16

Gail Cook posted a video from her security camera showing a FedEx driver stopped outside the home. One Marine veteran working as a FedEx driver in Maryland has made headlines and pulled the heartstrings of many in recent days, as he made an impromptu stop during his delivery shift to fold an American flag that had fallen to the ground.

by | December 01, 2018 | 03:40

Khashoggi, who lived in the U.S. and wrote for the Washington Post , was killed in the Saudi embassy in Turkey. The vote is a sign of increasing frustration with Trump's unwillingness to hold Saudi Arabia accountable for the murder of Washington Post contributor Jamal Khashoggi, a critic of Saudi Crown Prince Mohammed bin Salman, who was assassinated by Saudi agents while visiting the Saudi consulate in Istanbul in October.

by | December 01, 2018 | 03:09

The minutes showed nearly all Fed members agreeing that another rate increase was "likely to be warranted fairly soon", but also ticked off a series of issues that had begun weighing on their view of the economy. Powell, who took over as Fed chairman in February, has said he wants to provide the public with "plain English" descriptions of what the central bank is up to.

by | December 01, 2018 | 02:38

Mr Pena Nieto, who will be replaced on Saturday with Mexico's newly-elected president, has sold the deal to his people as a victory, saving free trade from a United States president who wanted to see it killed. 'The fact that this is an agreement in three languages adds to the level of technical complexity and it is on that level that we are just being sure that all the Is are dotted and all the Ts are crossed'.

by | December 01, 2018 | 02:37

PM Modi arrived in Buenos Aires on Thursday to take part in the G20 summit during which he will have several bilateral meetings, including with Chinese President Xi Jinping. If the two nations don't reach a truce by 2019, the tariffs will jump from 10 percent to 25 percent. "If companies don't want to pay Tariffs, build in the United States of America".

by | December 01, 2018 | 01:35

GM's announcement left manufacturing cities reeling. President Donald Trump retweeted a supporter's call for General Motors to repay billions to the federal government it received as part of last decade's auto industry bailout. Trump has not followed up on these threats. "Nothing being closed in Mexico & China ", Trump tweeted on Tuesday. "If the administration continues forward with its misguided and reckless reliance on tariffs, I will work to advance trade legislation to curtail ...

by | December 01, 2018 | 02:34

Investors have overreacted to relatively nuanced comments from Mr Powell in the past, and it is possible some misread his comments by believing he was telegraphing an end to interest rate increases. After the release of the Fed's meeting minutes , traders of interest-rate futures stuck to their bets that the Fed would slow rate hikes next year, to just one.

by | December 01, 2018 | 02:43

The deal comes after more than a year of negotiations between the parties, with agreement on new auto and dairy industry regulations proving particularly challenging. Despite the symbolism of Friday's signing, Trump has no meetings with Trudeau scheduled while the two are in Argentina. Canadian Foreign Affairs Minister Chrystia Freeland told reporters here on Thursday that there was still some fine tuning to do on the new trade pact before they would sign.

by | November 30, 2018 | 03:44

The prosecutors said they are looking at whether Deutsche Bank may have assisted clients to set up offshore companies in tax havens so that funds transferred to accounts at Deutsche Bank could skirt anti-money laundering safeguards. In 2017, the bank was landed with a £506m fine by the Financial Conduct Authority for failing to prevent $10 billion of Russian money-laundering. Writes the BBC , the authorities are "looking into whether Deutsche Bank staff helped clients set up off-shore ...

by | November 30, 2018 | 01:39

But Trump told the Wall Street Journal on Monday that he would go ahead with a scheduled increase in punitive tariffs on $200 billion in Chinese imports if there is no deal in Argentina. We are continuing to raise these issues with China. Pence's actions in East Asia came on the back of an array of other USA moves critiquing China's activities - both in trade and security realms.

by | November 29, 2018 | 09:13

Trump adds that he is "not even a little bit happy" with Fed Chairman Jay Powell, whom he selected previous year. "Not even a little bit", the President said of the man he hand-picked for the job a year ago. "You feel your way more under uncertainty of this kind". That's my expectation of what will happen before the election campaign that is in 2020. "I think [Trump] has gotten in [Jerome Powell's] head and he's made a difference".

by | November 29, 2018 | 09:14

Brent fell to $59.04 per barrel, or 6.1 percent, from $62.88 in the previous session. Looking specifically at oil futures, the global benchmark Brent Crude is down 5.5 percent on the day, which is a new low of $59 per barrel for the year.

by | November 29, 2018 | 06:21

Ford and lawmakers in Ottawa vowed to work together to help affected workers, their families and the city - which will lose its biggest employer. "The first thing I said is, 'What can we do? What do we have to do?'" said Ford, referring to a Sunday call with GM Canada's president, Travis Hester.

by | November 29, 2018 | 05:55

As of Q2 2018, 18.71 million shares of Morgan Stanley are owned by Valueact Holdings L.P. Furthermore, Wellcome Trust Ltd (The) As Trustee Of The Wellcome Trust reported 8.45 million shares in Morgan Stanley equivalent to 6.42% of its United States long equity exposure.

by | November 29, 2018 | 07:11

Even though Canada Post workers have been legislated back to work, the Canadian Union of Postal Workers has told its members that it will soon begin a campaign of "mobilizations, demonstrations and non-violent civil disobedience". In a statement, the post office said it is experiencing delivery delays across the country and that's expected to continue throughout the holiday season and into January 2019.

by | November 29, 2018 | 04:39

The increase was the result of more than 700 new units being added to the market over the last 12 months. "This represents the fourth consecutive year the average rents have increased by more than the provincially allowable (rent) increases", the report said, "which suggests that landlords, through turnover of long-term tenants, are able to increase rents to market levels that are higher".

by | November 29, 2018 | 03:42

The latest-generation compact rides on a completely new platform, sports an attractive design inside and out, is newly available with all-wheel drive, and eventually will be offered with an advanced new engine technology called Skyactiv-X. The carmaker has applied a " less is more " approach in designing the cabin. The choice of materials is as impressive as ever. The fabrics look great as well, especially in burgundy.

by | November 28, 2018 | 04:50

However, the Passport is six inches shorter than the Pilot and has seating for five in two rows, unlike the three-row Pilot . It is connected to a nine-speed automatic transmission which can be paired to an optional torque vectoring all-wheel drive system.

by | November 28, 2018 | 05:48

Both the CME and Cboe used a basic self-certification process to issue BTC futures contracts - at the time when the digital currency market was nearing the end of its historic bull run. Then again, it isn't clear if Nasdaq has plans to implement such a program, which complicates Bitcoin futures contracts, but seeing that the exchange is relatively blockchain- and crypto-friendly, physical backing, classified as a positive Bitcoin price catalyst, isn't out of the realm of possibility.

by | November 28, 2018 | 04:20

President Abdel Fatah al-Sisi received on Monday, Nov. 26 Bin Salman upon his arrival at Cairo International Airport. Prince Mohammed visited Abu Dhabi on Thursday as he began the tour to "brotherly" Arab countries. In an apparent attempt to avoid embarrassing the prince, the presidency only invited photographers to cover his visit. Republican Senator Joni Ernst, also speaking to CNN acknowledged Saudi Arabia's importance as a strategic partner.

by | November 28, 2018 | 04:45

The drink joins other holiday staples from Starbucks, including the Peppermint Mocha, Eggnog Latte, Chestnut Praline Lattee and Gingerbread Latte. Starbucks will give out $1.6 million in prizes as part of its fourth annual "Starbucks for Life" holiday contest, the coffeehouse chain said Tuesday.

by | November 28, 2018 | 03:35

If the two sides fail to reach a deal, Trump said he will also impose tariffs of either 10 per cent or 25 per cent on the remaining US$267 billion in annual USA trade with China. Apple stock dropped 1.6% to $171.77 in Monday's post-market session following the Journal report. Washington has kicked off the process of putting tariffs and investment restrictions on Chinese companies, while taking the Middle Kingdom to the World Trade Organization for dispute settlement.

by | November 28, 2018 | 03:04

Ms Barra said the company faced challenges from tariffs but she did not directly link the layoffs to them. "This is a cyclical, highly competitive, slow-growing business". Trump scolded General Motors for investing in China and Mexico rather than the United States. Donald Trump's chief economic adviser is citing America's new free trade pact with Canada and Mexico as one of the reasons why the USA president is so disappointed with the latest job and production cuts at General Motors.

by | November 27, 2018 | 03:05

In Japan , Mr. Ghosn has retained former prosecutor Motonari Otsuru, who is now in private practice, this person said. Ghosn's ouster marks the end of his chairmanship of Japanese automakers, just two years after he was praised for bringing a steadying hand to Mitsubishi following a cheating scandal in 2016.

by | November 27, 2018 | 03:56

Liberal Democrat leader and People's Vote campaigner Sir Vince Cable said: "If anything, the bleak predictions contained in this report are an under-estimate of severe damage our economy will suffer in the future of this deal goes ahead because it takes no account of the draining away of confidence in business and the impact on investors who no longer see the United Kingdom as a gateway to Europe".