Markets
Hopes for trade breakthrough fade as China cancels United States farm visits
- September 21, 2019
Grain and soybean futures on the Chicago Board of Trade and livestock futures on the Chicago Mercantile Exchange also slumped as hopes faded that China would accelerate purchases of US farm goods such as soybeans and pork. Investor focus earlier this week was on Federal Reserve action on monetary policy. "One of the factors behind that is that the Fed continues to baffle investors". (more...)
- September 21, 2019
Grain and soybean futures on the Chicago Board of Trade and livestock futures on the Chicago Mercantile Exchange also slumped as hopes faded that China would accelerate purchases of US farm goods such as soybeans and pork. Investor focus earlier this week was on Federal Reserve action on monetary policy. "One of the factors behind that is that the Fed continues to baffle investors". (more...)
Mitsubishi Corp unit loses US$ 320 mn in unauthorised trades
- September 21, 2019
Mitsubishi Corp said the derivatives position was quickly closed and investigations were carried out at the subsidiary and other group companies and in-house departments involved in derivatives trading. A long-time trader in the regional market told Reuters: "It is a bit surprising (because) in the Japanese houses, there are a lot of checks and double-checks, but I am not sure what automated compliance systems there are, or if they have any". (more...)
- September 21, 2019
Mitsubishi Corp said the derivatives position was quickly closed and investigations were carried out at the subsidiary and other group companies and in-house departments involved in derivatives trading. A long-time trader in the regional market told Reuters: "It is a bit surprising (because) in the Japanese houses, there are a lot of checks and double-checks, but I am not sure what automated compliance systems there are, or if they have any". (more...)
US & China trade: Who is "winning?"
- September 21, 2019
With high-level talks due to restart in Washington early next month, Trump's decision marked the third time since August that the United States has delayed or removed tariffs on Chinese imports ahead of the year-end shopping season. Trump says voters understand the "spat" between the USA and China and insist the ongoing trade war won't hamper his reelection chances. In granting some hardship exemptions to its tariffs, the Trump administration is tacitly acknowledging that these ... (more...)
- September 21, 2019
With high-level talks due to restart in Washington early next month, Trump's decision marked the third time since August that the United States has delayed or removed tariffs on Chinese imports ahead of the year-end shopping season. Trump says voters understand the "spat" between the USA and China and insist the ongoing trade war won't hamper his reelection chances. In granting some hardship exemptions to its tariffs, the Trump administration is tacitly acknowledging that these ... (more...)
Iranian general warns broad response awaits any USA military move
- September 21, 2019
The U.S. military has no immediate plans to boost forces in the Mideast to counter Iran in response to the drone and missile attacks on Saudi oil facilities allegedly launched from Iranian territory, Pentagon officials said Thursday. Trump past year pulled out of a nuclear accord with Iran negotiated under former president Barack Obama, sending tensions soaring as he tried to stop all countries from buying Iran's oil. (more...)
- September 21, 2019
The U.S. military has no immediate plans to boost forces in the Mideast to counter Iran in response to the drone and missile attacks on Saudi oil facilities allegedly launched from Iranian territory, Pentagon officials said Thursday. Trump past year pulled out of a nuclear accord with Iran negotiated under former president Barack Obama, sending tensions soaring as he tried to stop all countries from buying Iran's oil. (more...)
Donald Trump hitting Iranian bank with 'highest sanctions ever'
- September 21, 2019
Mr. Trump dispatched Secretary of State Mike Pompeo to Saudi Arabia to coordinate a response to the blitz. Saudi Arabia took journalists on Friday to the site of a missile-and-drone strike on the kingdom's oil industry that shook global energy markets over the weekend, while Kuwait raised the security levels at its ports following the attack that the USA alleges Iran carried out. (more...)
- September 21, 2019
Mr. Trump dispatched Secretary of State Mike Pompeo to Saudi Arabia to coordinate a response to the blitz. Saudi Arabia took journalists on Friday to the site of a missile-and-drone strike on the kingdom's oil industry that shook global energy markets over the weekend, while Kuwait raised the security levels at its ports following the attack that the USA alleges Iran carried out. (more...)
UAW strike completely shuts down production at Oshawa GM plant
- September 20, 2019
The United Auto Workers' strike at GM's USA operations began on Monday, stopping work at more than 50 plants and warehouses, and ending the flow of parts and vehicles on which the North American auto industry depends. "We are closely monitoring the situation and remain hopeful that both sides will find an agreeable resolution soon", Rickerman said in a statement. (more...)
- September 20, 2019
The United Auto Workers' strike at GM's USA operations began on Monday, stopping work at more than 50 plants and warehouses, and ending the flow of parts and vehicles on which the North American auto industry depends. "We are closely monitoring the situation and remain hopeful that both sides will find an agreeable resolution soon", Rickerman said in a statement. (more...)
CannTrust's licence to produce and sell cannabis suspended by Health Canada
- September 20, 2019
Health Canada said late Tuesday that in addition to delivering the notices to CannTrust , inspectors were "seizing and detaining all cannabis products" at the company's sites in Vaughan, Ont. "Health Canada may also determine that additional compliance and enforcement actions are warranted". CannTrust later voluntarily halted all sales and shipments of cannabis as Health Canada continued its probe into the matter. (more...)
- September 20, 2019
Health Canada said late Tuesday that in addition to delivering the notices to CannTrust , inspectors were "seizing and detaining all cannabis products" at the company's sites in Vaughan, Ont. "Health Canada may also determine that additional compliance and enforcement actions are warranted". CannTrust later voluntarily halted all sales and shipments of cannabis as Health Canada continued its probe into the matter. (more...)
United States vaping illnesses top 500, Missouri man is 8th death
- September 20, 2019
At least 360 cases of severe lung disease in 36 states and one territory are being tracked by the Centers for Disease Control and Prevention. Some affected people used e-cigarette products with THC, while others used nicotine ones or those with both THC and nicotine. (more...)
- September 20, 2019
At least 360 cases of severe lung disease in 36 states and one territory are being tracked by the Centers for Disease Control and Prevention. Some affected people used e-cigarette products with THC, while others used nicotine ones or those with both THC and nicotine. (more...)
India cuts corporate taxes to counter slowing growth
- September 20, 2019
India's government unveiled a United States dollars 20 billion plan that entails cutting tax on businesses to one of the lowest in Asia and supplements the central bank's interest-rate reductions to bolster economic growth from a six-year-low. (more...)
- September 20, 2019
India's government unveiled a United States dollars 20 billion plan that entails cutting tax on businesses to one of the lowest in Asia and supplements the central bank's interest-rate reductions to bolster economic growth from a six-year-low. (more...)
United States 'locked and loaded' to respond to attacks
- September 20, 2019
By 0940 GMT, the contract was at $65.77, up $5.55 or 8.4%. Wherever the attacks were launched, however, they believe Iran is to blame. The contract was later at $59.54, up $4.69 or 7.88%. Jon Alterman, the chief Middle East expert at the Center for Strategic and International Studies, said the Saudi caution reflects the kingdom's wariness of taking on Iran. (more...)
- September 20, 2019
By 0940 GMT, the contract was at $65.77, up $5.55 or 8.4%. Wherever the attacks were launched, however, they believe Iran is to blame. The contract was later at $59.54, up $4.69 or 7.88%. Jon Alterman, the chief Middle East expert at the Center for Strategic and International Studies, said the Saudi caution reflects the kingdom's wariness of taking on Iran. (more...)
US military to present several options to Trump on Iran
- September 20, 2019
Pompeo headed to the UAE on Thursday for talks with Abu Dhabi's crown prince after meeting Saudi Arabia's de facto ruler Crown Prince Mohammed on Wednesday. "As of this time, all indications we have are that Iran is in some way responsible for the attack on the Saudi oil refineries", he told reporters. In some ways, Trump's actions have borne this Iranian strategy out; after Iran struck tankers and shot down a us drone in June, for instance, Trump merely zeroed in on Iran's nuclear and ... (more...)
- September 20, 2019
Pompeo headed to the UAE on Thursday for talks with Abu Dhabi's crown prince after meeting Saudi Arabia's de facto ruler Crown Prince Mohammed on Wednesday. "As of this time, all indications we have are that Iran is in some way responsible for the attack on the Saudi oil refineries", he told reporters. In some ways, Trump's actions have borne this Iranian strategy out; after Iran struck tankers and shot down a us drone in June, for instance, Trump merely zeroed in on Iran's nuclear and ... (more...)
Honda CRV Facelift debuts with new features - Photos, Details
- September 20, 2019
It leads Honda's plan to electrify the brand's light trucks, and beyond that the carmaker is moving "to apply its advanced two-motor hybrid-electric system to all of its core US models in the years ahead". The 1.5-liter turbo-4 makes 190 hp and was EPA-rated in the low-30s combined previous year, which was already near the top among compact crossovers for efficiency. (more...)
- September 20, 2019
It leads Honda's plan to electrify the brand's light trucks, and beyond that the carmaker is moving "to apply its advanced two-motor hybrid-electric system to all of its core US models in the years ahead". The 1.5-liter turbo-4 makes 190 hp and was EPA-rated in the low-30s combined previous year, which was already near the top among compact crossovers for efficiency. (more...)
Government intervenes in £4bn Cobham takeover on ‘national security grounds’
- September 20, 2019
In a rare move, Andrea Leadsom, the business secretary, has instructed the Competition and Markets Authority to investigate the takeover of Cobham , a world leader in systems for planes to refuel in mid-air, by Advent International. United Kingdom government interventions on national security grounds are rare. Lockwood said that he had already held some discussions with government officials about the takeover, but would not go into details. (more...)
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- September 20, 2019
In a rare move, Andrea Leadsom, the business secretary, has instructed the Competition and Markets Authority to investigate the takeover of Cobham , a world leader in systems for planes to refuel in mid-air, by Advent International. United Kingdom government interventions on national security grounds are rare. Lockwood said that he had already held some discussions with government officials about the takeover, but would not go into details. (more...)
Festival bonanza from FM: Corporation tax rate slashed to boost investments
- September 20, 2019
The government last month announced the merger of 10 public sector banks (PSBs) into four strong lenders with countrywide networks and global reach to boost credit and revive economic growth in the nation's bid to become a five trillion dollar economy in the next five years. (more...)
- September 20, 2019
The government last month announced the merger of 10 public sector banks (PSBs) into four strong lenders with countrywide networks and global reach to boost credit and revive economic growth in the nation's bid to become a five trillion dollar economy in the next five years. (more...)
FDA finds impurity in popular heartburn medicine Zantac that could cause cancer
- September 20, 2019
Over-the-counter ranitidine is approved to prevent and relieve heartburn associated with acid indigestion and sour stomach. The FDA announced last Friday that some ranitidine medicines, which includes Zantac, contain low levels of N-Nitrosodimethylamine ( NDMA ) which is classified as a probable human carcinogen. (more...)
- September 20, 2019
Over-the-counter ranitidine is approved to prevent and relieve heartburn associated with acid indigestion and sour stomach. The FDA announced last Friday that some ranitidine medicines, which includes Zantac, contain low levels of N-Nitrosodimethylamine ( NDMA ) which is classified as a probable human carcinogen. (more...)
Apple fights $14.3bn tax bill in EU court
- September 20, 2019
Counting all unpaid taxes over this era, plus pursuits, the company ordered Apple to pay $14.three billion in again taxes to the Irish authorities. At the start of two days of hearings at the EU's General Court on Tuesday, Apple accused the commission of using its powers to combat state aid "to retrofit changes to national law" - in effect trying to change the global tax system and in the process creating legal uncertainty for businesses. (more...)
- September 20, 2019
Counting all unpaid taxes over this era, plus pursuits, the company ordered Apple to pay $14.three billion in again taxes to the Irish authorities. At the start of two days of hearings at the EU's General Court on Tuesday, Apple accused the commission of using its powers to combat state aid "to retrofit changes to national law" - in effect trying to change the global tax system and in the process creating legal uncertainty for businesses. (more...)
Roku’s new Ultra streaming box is faster and adds custom app shortcuts
- September 20, 2019
A Walmart version of the Express had that option, but it apparently wasn't selling well enough. The updated $30 Roku Express is 10 percent smaller than the previous version, and can be powered by your TV; no need to plug into an outlet. (more...)
- September 20, 2019
A Walmart version of the Express had that option, but it apparently wasn't selling well enough. The updated $30 Roku Express is 10 percent smaller than the previous version, and can be powered by your TV; no need to plug into an outlet. (more...)
Saudi authorities may delay Aramco's IPO after attack
- September 20, 2019
The formal IPO process begins after Saudi Arabia's Crown Prince Mohammed bin Salman had said in June the government remained fully committed to the IPO, expecting it to take place between 2020 and early 2021. However, some analysts and investors said the strikes could pose a major setback to the Aramco offering. Oil prices surged over supply concerns and the threat of a military response to the assault on the heartland of the Saudi oil industry, which US officials blamed on Iran, a charge ... (more...)
- September 20, 2019
The formal IPO process begins after Saudi Arabia's Crown Prince Mohammed bin Salman had said in June the government remained fully committed to the IPO, expecting it to take place between 2020 and early 2021. However, some analysts and investors said the strikes could pose a major setback to the Aramco offering. Oil prices surged over supply concerns and the threat of a military response to the assault on the heartland of the Saudi oil industry, which US officials blamed on Iran, a charge ... (more...)
Saudi oil attacks an 'act of war', says Pompeo
- September 19, 2019
Trump on Wednesday struck a cautious note, saying there were many options short of war with Iran, which denies involvement in the September 14 strikes. Yemen is to the south of Saudi Arabia. He also echoed President Trump's Wednesday announcement of additional sanctions on Iran, saying they were intended "to prevent its continued support for terrorism to groups such as Hezbollah", The National said. (more...)
- September 19, 2019
Trump on Wednesday struck a cautious note, saying there were many options short of war with Iran, which denies involvement in the September 14 strikes. Yemen is to the south of Saudi Arabia. He also echoed President Trump's Wednesday announcement of additional sanctions on Iran, saying they were intended "to prevent its continued support for terrorism to groups such as Hezbollah", The National said. (more...)
Trump says Powell's job is safe but Fed should lower rates
- September 19, 2019
Tucked into Fed Chair Jerome Powell's news conference on Wednesday was a not-so-subtle message for President Donald Trump: the economy is holding up because the US central bank has acted to support it through a volatile patch, and whether that continues is now in the president's lap. (more...)
- September 19, 2019
Tucked into Fed Chair Jerome Powell's news conference on Wednesday was a not-so-subtle message for President Donald Trump: the economy is holding up because the US central bank has acted to support it through a volatile patch, and whether that continues is now in the president's lap. (more...)
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