Markets
Trump's Latest Trade War Comment Puts Oil Prices Under Pressure
- November 16, 2019
There were signs last week that a first-phase US-China deal would include a tariff rollback, but Trump made clear on Friday that an agreement hasn't yet been reached and that he wouldn't eliminate all levies. President Donald Trump's speech in NY on Tuesday disappointed investors, giving little insight on how the impasse with Beijing will be resolved, and warning of higher tariffs if a deal can't be reached. (more...)
- November 16, 2019
There were signs last week that a first-phase US-China deal would include a tariff rollback, but Trump made clear on Friday that an agreement hasn't yet been reached and that he wouldn't eliminate all levies. President Donald Trump's speech in NY on Tuesday disappointed investors, giving little insight on how the impasse with Beijing will be resolved, and warning of higher tariffs if a deal can't be reached. (more...)
Ford, Nissan Recall Vehicles With Fire Risks
- November 16, 2019
Should this happen, Nissan says "owners are advised to park the vehicle outdoors away from other vehicles and structures and to not drive the vehicle". In its second appearance in 2018, it was even bigger , with 215,000 owners getting a notice. The automaker says vehicles in the 2018 recall that haven't been repaired are included in the current recall. (more...)
- November 16, 2019
Should this happen, Nissan says "owners are advised to park the vehicle outdoors away from other vehicles and structures and to not drive the vehicle". In its second appearance in 2018, it was even bigger , with 215,000 owners getting a notice. The automaker says vehicles in the 2018 recall that haven't been repaired are included in the current recall. (more...)
Royal Mail general election strike blocked by High Court
- November 16, 2019
The High Court has ruled that CWU's postal ballot of Royal Mail employees for industrial action was unlawful. Royal Mail also said in a statement last week it had evidence that union officials "planned and orchestrated breaches of their legal obligations". (more...)
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- November 16, 2019
The High Court has ruled that CWU's postal ballot of Royal Mail employees for industrial action was unlawful. Royal Mail also said in a statement last week it had evidence that union officials "planned and orchestrated breaches of their legal obligations". (more...)
Germany narrowly avoids recession with suprise GDP figures
- November 16, 2019
Manufacturers, whose exports have been a bedrock of German economic strength for decades, are struggling with weaker foreign demand, tariff disputes sparked by United States president Donald Trump's trade policies and business uncertainty linked to Britain's decision to leave the European Union. (more...)
- November 16, 2019
Manufacturers, whose exports have been a bedrock of German economic strength for decades, are struggling with weaker foreign demand, tariff disputes sparked by United States president Donald Trump's trade policies and business uncertainty linked to Britain's decision to leave the European Union. (more...)
China trade deal near, but Trump not signing yet
- November 16, 2019
The Japanese yen and Swiss franc, both beneficiaries of a flight to quality, weakened. On the economic side, the US economic data was bleak with Core Retail Sales coming in below expectations. A USA demand that China spell out how it plans to reach as much as US$50 billion in agricultural imports annually has been one sticking point as have discussions over what action the USA will take to roll back tariffs in return for a phase one deal, people familiar said. (more...)
- November 16, 2019
The Japanese yen and Swiss franc, both beneficiaries of a flight to quality, weakened. On the economic side, the US economic data was bleak with Core Retail Sales coming in below expectations. A USA demand that China spell out how it plans to reach as much as US$50 billion in agricultural imports annually has been one sticking point as have discussions over what action the USA will take to roll back tariffs in return for a phase one deal, people familiar said. (more...)
UBC advises exchange students in Hong Kong to leave amid clashes
- November 16, 2019
Meanwhile, authorities including police and government officials, but also citizens watching with growing concern, have condemned the universities for inciting risky violence. A University of Bristol spokesperson said that the safety of students and teachers are their top priority: "Like many other United Kingdom universities, we do have a small number of students now studying and living in Hong Kong". (more...)
- November 16, 2019
Meanwhile, authorities including police and government officials, but also citizens watching with growing concern, have condemned the universities for inciting risky violence. A University of Bristol spokesperson said that the safety of students and teachers are their top priority: "Like many other United Kingdom universities, we do have a small number of students now studying and living in Hong Kong". (more...)
China's Oct property investment, sales growth at 3-month low
- November 16, 2019
Asian stocks fell after the softer-than-expected data, which reinforced concerns the trade war was hurting one of the world's largest drivers of economic growth. Private sector fixed-asset investment, which accounts for 60 per cent of the country's total investment, grew 4.4 per cent in January-October. Moody's said in October that liquidity remains adequate for most rated Chinese property developers despite tighter financing controls, but refinancing risk will likely increase for weaker ... (more...)
- November 16, 2019
Asian stocks fell after the softer-than-expected data, which reinforced concerns the trade war was hurting one of the world's largest drivers of economic growth. Private sector fixed-asset investment, which accounts for 60 per cent of the country's total investment, grew 4.4 per cent in January-October. Moody's said in October that liquidity remains adequate for most rated Chinese property developers despite tighter financing controls, but refinancing risk will likely increase for weaker ... (more...)
Elizabeth Warren rips into billionaires who oppose wealth tax in scathing ad
- November 15, 2019
Ms Warren is now a front-runner in the 2020 race to the White House. The ad blasted hedge-fund manager Leon Cooperman and former Goldman Sachs CEO Lloyd Blankfein, as well as TD Ameritrade founder Joe Ricketts and PayPal cofounder Peter Thiel , both of whom have donated heavily in support of President Trump. (more...)
- November 15, 2019
Ms Warren is now a front-runner in the 2020 race to the White House. The ad blasted hedge-fund manager Leon Cooperman and former Goldman Sachs CEO Lloyd Blankfein, as well as TD Ameritrade founder Joe Ricketts and PayPal cofounder Peter Thiel , both of whom have donated heavily in support of President Trump. (more...)
Police Identify And Charge Murder Suspect In Popeyes Chicken Sandwich Stabbing
- November 15, 2019
A racist woman was entire body-slammed in the parking large amount of one the chain's locations, an employee was caught getting ready sandwiches in excess of a rubbish and someone was even fatally stabbed for crying out loud! McClain reportedly got into an argument with Davis inside the Popeyes on November 4 after the victim cut several people in a line designated specifically for those who were waiting to order the chain's in-demand chicken sandwich. (more...)
- November 15, 2019
A racist woman was entire body-slammed in the parking large amount of one the chain's locations, an employee was caught getting ready sandwiches in excess of a rubbish and someone was even fatally stabbed for crying out loud! McClain reportedly got into an argument with Davis inside the Popeyes on November 4 after the victim cut several people in a line designated specifically for those who were waiting to order the chain's in-demand chicken sandwich. (more...)
India's Vodafone Idea loss widens to $7 billion on outstanding government dues
- November 15, 2019
Bharti Airtel also posted its highest loss ever of 230.45 billion rupees ($3.2 billion) during the September quarter. The company said its net loss were on account of exceptional charge pertaining to provisioning of Rs 28,450 crore towards the AGR dues, that included principal of Rs 6,164 crore, interest of Rs 12,219 crore, penalty of Rs 3,760 crore, and interest on penalty of Rs 6,307 crore. (more...)
- November 15, 2019
Bharti Airtel also posted its highest loss ever of 230.45 billion rupees ($3.2 billion) during the September quarter. The company said its net loss were on account of exceptional charge pertaining to provisioning of Rs 28,450 crore towards the AGR dues, that included principal of Rs 6,164 crore, interest of Rs 12,219 crore, penalty of Rs 3,760 crore, and interest on penalty of Rs 6,307 crore. (more...)
Qantas Completes London to Sydney Non-stop Flight
- November 15, 2019
The London to Sydney flight comes after Qantas' non-stop NY to Sydney service last month, with a third research flight planned by the airline . If it gets the go-ahead, Qantas is hoping the next generation super fuel-efficient jetliners will be able to complete the journey with a more extensive passenger list - albeit one leaning more towards first and business class customers. (more...)
- November 15, 2019
The London to Sydney flight comes after Qantas' non-stop NY to Sydney service last month, with a third research flight planned by the airline . If it gets the go-ahead, Qantas is hoping the next generation super fuel-efficient jetliners will be able to complete the journey with a more extensive passenger list - albeit one leaning more towards first and business class customers. (more...)
Nike stops selling products on Amazon
- November 15, 2019
The Nike-Amazon partnership was a pilot program that began more than two years ago and is no longer part of Nike's wider sales strategy, company officials said. The Wall Street Journal reported at the time that Amazon was one of those 40 that Nike meant to prioritize. Nike posted a 42 percent increase in digital sales in its most recent quarter. (more...)
- November 15, 2019
The Nike-Amazon partnership was a pilot program that began more than two years ago and is no longer part of Nike's wider sales strategy, company officials said. The Wall Street Journal reported at the time that Amazon was one of those 40 that Nike meant to prioritize. Nike posted a 42 percent increase in digital sales in its most recent quarter. (more...)
Fed's Powell said no 'warning signs' in US economy
- November 15, 2019
Powell is an individual of the few foremost common public figures urging Congress to lower the federal authorities's yearly deficit, which is nearing $one trillion. "We're going to be watching, very carefully, incoming data", he said. North American stock markets were flat Thursday on new fears of a global economic slowdown even as the current bull market became the longest and strongest in history. (more...)
- November 15, 2019
Powell is an individual of the few foremost common public figures urging Congress to lower the federal authorities's yearly deficit, which is nearing $one trillion. "We're going to be watching, very carefully, incoming data", he said. North American stock markets were flat Thursday on new fears of a global economic slowdown even as the current bull market became the longest and strongest in history. (more...)
USA to export more than $1bn poultry to China
- November 15, 2019
U.S. President Donald Trump said earlier he had not agreed to ease any levies. China has also resisted making firm commitments over protection for American intellectual and the end of forced technology transfers. China's Ministry of Commerce and General Administration of Customs did not immediately respond to faxes seeking comment on the enforcement mechanism and port delays respectively. (more...)
- November 15, 2019
U.S. President Donald Trump said earlier he had not agreed to ease any levies. China has also resisted making firm commitments over protection for American intellectual and the end of forced technology transfers. China's Ministry of Commerce and General Administration of Customs did not immediately respond to faxes seeking comment on the enforcement mechanism and port delays respectively. (more...)
Amazon to fight giant cloud deal won by rival Microsoft
- November 15, 2019
Amazon is the commercial cloud computing market leader by a long-shot, holding a leading 48 percent market share, according to market-research firm Gartner . "Numerous aspects of the JEDI evaluation process contained clear deficiencies, errors and unmistakable bias - and it's important that these matters be examined and rectified", a spokesperson for AWS said. (more...)
- November 15, 2019
Amazon is the commercial cloud computing market leader by a long-shot, holding a leading 48 percent market share, according to market-research firm Gartner . "Numerous aspects of the JEDI evaluation process contained clear deficiencies, errors and unmistakable bias - and it's important that these matters be examined and rectified", a spokesperson for AWS said. (more...)
The Mustang Mach-E is Ford's new electric SUV
- November 15, 2019
Rumours of the "Mach-E" part of the name have been circulating for a long while, but this is the first hard confirmation we've got the crossover will also wear a Mustang badge. In April, the No. 2 USA carmaker invested $500 million in electric automaker Rivian and said it planned to use the MI startup's platform to build a new Ford-branded electric vehicle. (more...)
- November 15, 2019
Rumours of the "Mach-E" part of the name have been circulating for a long while, but this is the first hard confirmation we've got the crossover will also wear a Mustang badge. In April, the No. 2 USA carmaker invested $500 million in electric automaker Rivian and said it planned to use the MI startup's platform to build a new Ford-branded electric vehicle. (more...)
China Central Bank: No Digital Currency is Issued Yet
- November 14, 2019
This was also reiterated by Mu Changchun, the head of the People's Bank of China's digital currency research institute when he added that freedom is essential, but so are ethical codes. Jack Lee, a managing partner of HCM Capital, apprised reporters that China had prepared a framework called Digital Currency Electronic Payment or DCEP . (more...)
- November 14, 2019
This was also reiterated by Mu Changchun, the head of the People's Bank of China's digital currency research institute when he added that freedom is essential, but so are ethical codes. Jack Lee, a managing partner of HCM Capital, apprised reporters that China had prepared a framework called Digital Currency Electronic Payment or DCEP . (more...)
Tesla picks Berlin for European Gigafactory
- November 14, 2019
The factory will produce "batteries, powertrains & vehicles", starting with the upcoming Model Y crossover . In a later interview with trade magazine Auto Express , the serial entrepreneur said Brexit had influenced the company's choice as it had "made it too risky to put a Gigafactory in the United Kingdom". (more...)
- November 14, 2019
The factory will produce "batteries, powertrains & vehicles", starting with the upcoming Model Y crossover . In a later interview with trade magazine Auto Express , the serial entrepreneur said Brexit had influenced the company's choice as it had "made it too risky to put a Gigafactory in the United Kingdom". (more...)
FOMC Chairman Powell testimony: There is a need to reduce USA deficit
- November 14, 2019
But Powell did concede, under questioning from Cruz, that a ban on fracking would "not be a good thing for the economy". Sal Guatieri, a senior economist at BMO Economics, says Powell "stayed true to the patience script" by indicating that that the Fed's key policy rate is likely to remain unchanged for an extended period unless economic risks increase. (more...)
- November 14, 2019
But Powell did concede, under questioning from Cruz, that a ban on fracking would "not be a good thing for the economy". Sal Guatieri, a senior economist at BMO Economics, says Powell "stayed true to the patience script" by indicating that that the Fed's key policy rate is likely to remain unchanged for an extended period unless economic risks increase. (more...)
$75 Costco 'Anniversary' coupon on Facebook is a scam, company says
- November 14, 2019
The store took to Facebook on Tuesday to clarify that it's not giving away $75 coupons, despite several posts saying otherwise. None of the website are operated by Costco, Snopes reported, giving the pages a "scam" warning. The company urged fans and members of the chain of membership-only warehouse clubs that "this offer is a SCAM, and in no way affiliated with Costco". (more...)
- November 14, 2019
The store took to Facebook on Tuesday to clarify that it's not giving away $75 coupons, despite several posts saying otherwise. None of the website are operated by Costco, Snopes reported, giving the pages a "scam" warning. The company urged fans and members of the chain of membership-only warehouse clubs that "this offer is a SCAM, and in no way affiliated with Costco". (more...)
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