Markets
Justin Trudeau says Canadians are tough negotiators
- September 29, 2018
The Americans have imposed a deadline of September 30 to reach a deal. The decision to hold the texts was made in order to give Canada more time to come on board, one senior source familiar with the talks said. Trade Representative Robert Lighthizer on Thursday said that they expect the long-awaited document to largely exclude language related to Canada, but were still hoping for Canada to join. (more...)
- September 29, 2018
The Americans have imposed a deadline of September 30 to reach a deal. The decision to hold the texts was made in order to give Canada more time to come on board, one senior source familiar with the talks said. Trade Representative Robert Lighthizer on Thursday said that they expect the long-awaited document to largely exclude language related to Canada, but were still hoping for Canada to join. (more...)
Google to allow certain cryptocurrency ads in U.S., Japan
- September 29, 2018
CNBC reported that Google , from October, will end its outright ban on all crypto-related advertising , and allow regulated crypto exchanges to buy ads on its platform in the USA and Japan. Blackmore Group CEO Philip Nunn said that it was premature on the part of Google has Facebook to ban cryptocurrency ads. Now, though, Google says it has updated policy on " Financial Products and Services " to set up a vetting process that allows promoting some crypto products. (more...)
- September 29, 2018
CNBC reported that Google , from October, will end its outright ban on all crypto-related advertising , and allow regulated crypto exchanges to buy ads on its platform in the USA and Japan. Blackmore Group CEO Philip Nunn said that it was premature on the part of Google has Facebook to ban cryptocurrency ads. Now, though, Google says it has updated policy on " Financial Products and Services " to set up a vetting process that allows promoting some crypto products. (more...)
Hacker promises to take down Zuckerberg's Facebook page as you watch live
- September 29, 2018
A Taiwanese hacker who vowed to delete Mark Zuckerberg's Facebook page to identify a bug in the social media platform's security has decided not to follow through on the plan, according to a report Friday. Chang regularly takes part in " bug bounty " programs in which tech companies provide monetary rewards for those that can discover flaws in their systems. (more...)
- September 29, 2018
A Taiwanese hacker who vowed to delete Mark Zuckerberg's Facebook page to identify a bug in the social media platform's security has decided not to follow through on the plan, according to a report Friday. Chang regularly takes part in " bug bounty " programs in which tech companies provide monetary rewards for those that can discover flaws in their systems. (more...)
EU Plan to Sidestep Iran Sanctions Won't Keep Oil Flowing
- September 28, 2018
U.S. West Texas Intermediate (WTI) crude futures lost 71 cents to settle at $71.57 a barrel. "The United States stands ready to export our abundant affordable supply of oil, clean coal, and natural gas", President Trump told the United Nations General Assembly . (more...)
- September 28, 2018
U.S. West Texas Intermediate (WTI) crude futures lost 71 cents to settle at $71.57 a barrel. "The United States stands ready to export our abundant affordable supply of oil, clean coal, and natural gas", President Trump told the United Nations General Assembly . (more...)
Musk's Tesla position uncertain as USA regulators sue Musk for fraud
- September 28, 2018
Musk's troubles with the SEC stem from an August 7 tweet in which he said he was considering taking Tesla private for $420 per share - a corporate buyout the SEC says he had no way of financing. "In the event the court determines he be removed from the company, we think investors would be unlikely to take on the vision of another CEO, and rather focus on fundamentals, which we think would be a major risk to the stock". (more...)
- September 28, 2018
Musk's troubles with the SEC stem from an August 7 tweet in which he said he was considering taking Tesla private for $420 per share - a corporate buyout the SEC says he had no way of financing. "In the event the court determines he be removed from the company, we think investors would be unlikely to take on the vision of another CEO, and rather focus on fundamentals, which we think would be a major risk to the stock". (more...)
China calls Trump’s claim of election meddling ‘totally far-fetched and fictional’
- September 28, 2018
Security Council for the first time. China welcomes the good start made in its "all-weather" partnership with Pakistan following the election of the new government under Prime Minister Imran Khan, State Councillor Wang Yi told Foreign Minister Shah Mehmood Qureshi on the sidelines of the UN General Assembly in NY. (more...)
- September 28, 2018
Security Council for the first time. China welcomes the good start made in its "all-weather" partnership with Pakistan following the election of the new government under Prime Minister Imran Khan, State Councillor Wang Yi told Foreign Minister Shah Mehmood Qureshi on the sidelines of the UN General Assembly in NY. (more...)
Facebook security breach affects 50 million users
- September 28, 2018
About 90 million people will have to log back in to Facebook or any of their apps that use a Facebook login, the company said. Facebook says 50 million user accounts have been affected by a security breach. It says it can not say yet whether the accounts were misused or any information accessed , nor does it know who was responsible for the breach. In a separate post, Guy Rosen, Facebook's vice president of product management said the firm is taking the breach 'incredibly seriously'. (more...)
- September 28, 2018
About 90 million people will have to log back in to Facebook or any of their apps that use a Facebook login, the company said. Facebook says 50 million user accounts have been affected by a security breach. It says it can not say yet whether the accounts were misused or any information accessed , nor does it know who was responsible for the breach. In a separate post, Guy Rosen, Facebook's vice president of product management said the firm is taking the breach 'incredibly seriously'. (more...)
Tesla without Musk at the wheel? That's what the SEC wants
- September 28, 2018
Incidentally, the complaint added that a deal to potentially take Tesla private might have been contingent on the company building a production facility in the Middle East, a condition that the electric auto maker's board reportedly was not keen on. (more...)
- September 28, 2018
Incidentally, the complaint added that a deal to potentially take Tesla private might have been contingent on the company building a production facility in the Middle East, a condition that the electric auto maker's board reportedly was not keen on. (more...)
Iran says Trump is why oil prices are now so high
- September 28, 2018
This week, following the lack of action by OPEC which didn't announce any plans for further boosting supply, WTI Crude prices have trended higher and broken above $72 a barrel. Saudi Arabia and other allies are expected to add about 1.4 million bpd of additional supply to the market over the next couple of months in order to make up the drop in Iranian production but there are still worries it might need to limit output next year to balance global supply and demand as the USA pumps more crude. (more...)
- September 28, 2018
This week, following the lack of action by OPEC which didn't announce any plans for further boosting supply, WTI Crude prices have trended higher and broken above $72 a barrel. Saudi Arabia and other allies are expected to add about 1.4 million bpd of additional supply to the market over the next couple of months in order to make up the drop in Iranian production but there are still worries it might need to limit output next year to balance global supply and demand as the USA pumps more crude. (more...)
Tesla to Combat Distribution Problems With Its Own Car Carriers
- September 28, 2018
Musk tweeted the news Monday replying to a customer, who placed order for a Model 3 All Wheel Drive in June but hasn't gotten his auto yet. According to Teslarati, Musk did admit that much of the EV factory's problems are more concerned on logistical issues which it seeks to address by implementing some unconventional strategies such as building its own carriers. (more...)
- September 28, 2018
Musk tweeted the news Monday replying to a customer, who placed order for a Model 3 All Wheel Drive in June but hasn't gotten his auto yet. According to Teslarati, Musk did admit that much of the EV factory's problems are more concerned on logistical issues which it seeks to address by implementing some unconventional strategies such as building its own carriers. (more...)
China leaves rates steady after Fed as two economies diverge
- September 27, 2018
The central bank also stuck with a previous forecast for three more rate hikes in 2019. Along with the rate increase, the Fed also expressed a more optimistic outlook for the US economy. Trump considered re-appointing Yellen for a second term but ultimately chose Powell, who has charted a similar monetary policy. "It's a particularly bright moment. (more...)
- September 27, 2018
The central bank also stuck with a previous forecast for three more rate hikes in 2019. Along with the rate increase, the Fed also expressed a more optimistic outlook for the US economy. Trump considered re-appointing Yellen for a second term but ultimately chose Powell, who has charted a similar monetary policy. "It's a particularly bright moment. (more...)
Here’s why Justin Trudeau says the Americans are finding NAFTA talks ‘tough’
- September 27, 2018
As reported by Reuters, US officials are complaining that Canada is refusing to make necessary concessions in order to achieve a trilateral pact that will update and replace NAFTA . Observers say the patience of US lawmakers is waning, particularly with a good deal with Mexico on the table. That's because they want to submit it to Congress before the American midterms on November 6 and before the Mexican government changes hands on December 1. (more...)
- September 27, 2018
As reported by Reuters, US officials are complaining that Canada is refusing to make necessary concessions in order to achieve a trilateral pact that will update and replace NAFTA . Observers say the patience of US lawmakers is waning, particularly with a good deal with Mexico on the table. That's because they want to submit it to Congress before the American midterms on November 6 and before the Mexican government changes hands on December 1. (more...)
Fox to sell Sky stake to Comcast
- September 27, 2018
The move lets Fox focus on another megadeal underway: The majority of the company will be sold to Walt Disney Co .in a $US71 billion ($98 billion) transaction that's slated to close next year. The flag of the Twenty-First Century Fox Inc.is seen waving at the company headquarters in Manhattan. We bet - and nearly lost - the farm on launching a business that many didn't think was such a good idea. (more...)
- September 27, 2018
The move lets Fox focus on another megadeal underway: The majority of the company will be sold to Walt Disney Co .in a $US71 billion ($98 billion) transaction that's slated to close next year. The flag of the Twenty-First Century Fox Inc.is seen waving at the company headquarters in Manhattan. We bet - and nearly lost - the farm on launching a business that many didn't think was such a good idea. (more...)
Iran: US wish to halt Iran's crude exports won't come true
- September 27, 2018
The updated report comes as U.S. President Donald Trump and Iranian President Hassan Rouhani exchanged taunts at the United Nations General Assembly on Tuesday. He also said up to an additional 300,000 bpd could soon come to market from an oilfield in the Neutral Zone that Saudi Arabia and Kuwait share, if they come to agreement. (more...)
- September 27, 2018
The updated report comes as U.S. President Donald Trump and Iranian President Hassan Rouhani exchanged taunts at the United Nations General Assembly on Tuesday. He also said up to an additional 300,000 bpd could soon come to market from an oilfield in the Neutral Zone that Saudi Arabia and Kuwait share, if they come to agreement. (more...)
Federal Reserve poised to raise interest rates
- September 27, 2018
At the time of writing, gains had largely been maintained post the decision. Powell and his colleagues are trying to engineer a soft landing for the United States economy, now enjoying its second-longest expansion on record, by raising rates just enough to prevent overheating, but not so much that they trigger a recession. (more...)
- September 27, 2018
At the time of writing, gains had largely been maintained post the decision. Powell and his colleagues are trying to engineer a soft landing for the United States economy, now enjoying its second-longest expansion on record, by raising rates just enough to prevent overheating, but not so much that they trigger a recession. (more...)
Trump Says He's 'Not Happy' About Fed's Interest Rate Increase
- September 27, 2018
The Fed will give a big hint of what's coming when it releases its quarterly forecasts Wednesday. "We are doing great as a country". It's had that language in its rate decisions for the better part of a decade, but Wednesday's announcement removed that line completely - which suggests the Fed is no longer in a mood to keep rates low. (more...)
- September 27, 2018
The Fed will give a big hint of what's coming when it releases its quarterly forecasts Wednesday. "We are doing great as a country". It's had that language in its rate decisions for the better part of a decade, but Wednesday's announcement removed that line completely - which suggests the Fed is no longer in a mood to keep rates low. (more...)
Canada deal in doubt; focus shifts to Japan trade talks
- September 27, 2018
Momentum appeared to have stalled last week in efforts to bridge differences between Washington and Ottawa in negotiations to rewrite NAFTA , which began a year ago. At a press conference in New York, Trump told reporters he had rebuffed a Trudeau request for a meeting "because his tariffs are too high and he doesn't seem to want to move and I told him "forget about it". (more...)
- September 27, 2018
Momentum appeared to have stalled last week in efforts to bridge differences between Washington and Ottawa in negotiations to rewrite NAFTA , which began a year ago. At a press conference in New York, Trump told reporters he had rebuffed a Trudeau request for a meeting "because his tariffs are too high and he doesn't seem to want to move and I told him "forget about it". (more...)
President Trump's tough stance on trade forces Mexico, Canada to make choices
- September 26, 2018
As a country providing significantly more steel and aluminum to the USA market, Canada is more reluctant to sign on to a deal that doesn't guarantee an end to national security tariffs between the two trading partners. "We don't really have any choice", but to push ahead with Congress on the deal already reached, he said. Mexico and Canada have historically been united in opposition against any changes in trade policy with the USA, but Mexico's leadership has been reluctant to stall any ... (more...)
- September 26, 2018
As a country providing significantly more steel and aluminum to the USA market, Canada is more reluctant to sign on to a deal that doesn't guarantee an end to national security tariffs between the two trading partners. "We don't really have any choice", but to push ahead with Congress on the deal already reached, he said. Mexico and Canada have historically been united in opposition against any changes in trade policy with the USA, but Mexico's leadership has been reluctant to stall any ... (more...)
Oil jumps to four-year high
- September 26, 2018
The rise of USA shale oil is set to extend well into the 2020s, stealing market share from OPEC , the group said in its latest World Oil Outlook . This time, the deepening trade war between the US and China threatens economic growth in Asia and turmoil in emerging countries could amplify the impact of higher prices on global demand growth. (more...)
- September 26, 2018
The rise of USA shale oil is set to extend well into the 2020s, stealing market share from OPEC , the group said in its latest World Oil Outlook . This time, the deepening trade war between the US and China threatens economic growth in Asia and turmoil in emerging countries could amplify the impact of higher prices on global demand growth. (more...)
Has Iran Started To Switch Off Oil Tanker Tracking Systems?
- September 26, 2018
Without naming them, Trump went on to demand that the Arab Gulf states pay for U.S. military protection - the same case he's made with Europe and North Atlantic Treaty Organisation. We want them to stop raising prices, and we want them to start lowering prices. With U.S. sanctions on Iran's oil exports just six weeks away, at least ten Iranian oil supertankers have gone dark, not having broadcast any signal for at least a week, tanker tracking data compiled by Bloomberg shows, suggesting ... (more...)
- September 26, 2018
Without naming them, Trump went on to demand that the Arab Gulf states pay for U.S. military protection - the same case he's made with Europe and North Atlantic Treaty Organisation. We want them to stop raising prices, and we want them to start lowering prices. With U.S. sanctions on Iran's oil exports just six weeks away, at least ten Iranian oil supertankers have gone dark, not having broadcast any signal for at least a week, tanker tracking data compiled by Bloomberg shows, suggesting ... (more...)
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China's September trade surplus with U.S. widens to record $34.13B