Markets


US Payrolls and Wages Cool While Jobless Rate Hits 48-Year Low US Payrolls and Wages Cool While Jobless Rate Hits 48-Year Low
- October 06, 2018

Beyond the payroll numbers and the jobless rate, the real news was that wages continued their steady but moderate rise. If more people start looking - and don't immediately find a job - the government will count them as unemployed. Black and Hispanic unemployment rates continue to hover near record lows. Following this report , stock futures were lower, but little-changed, while Treasury yields were still near their highs of the week with the 10-year Treasury sitting near 3.21% and the ... (more...)
Drugmakers a big trade-deal victor Drugmakers a big trade-deal victor
- October 06, 2018

Canadian and US negotiators reached a deal late Sunday on reforming the North American Free Trade Agreement (NAFTA ), Canadian media reported, after more than a year of talks triggered by US President Donald Trump's discontent with the 24-year old pact. (more...)
New NAFTA reinforces Mexico's economic stability: minister New NAFTA reinforces Mexico's economic stability: minister
- October 05, 2018

But Pence said that a senior member of the intelligence community recently told him that "what the Russians are doing pales in comparison to what China is doing across this country". It said these include specialized alloys and rare earth metals. The state sent $32.7 million in dairy exports to the worldwide market between January and July. (more...)
Toyota vehicle fault prompts massive recall Toyota vehicle fault prompts massive recall
- October 05, 2018

The problem identified arises when the cars fail to enter "failsafe driving mode as intended". If that happens at higher speeds, there is increased risk of a crash. This could cause the auto to stall, which could increase the risk of a crash when driving at high speeds. When it comes to buying a new auto, you'll be looking for a vehicle that you can rely on. (more...)
Musk spooks investors again with a troll at the SEC on Twitter Musk spooks investors again with a troll at the SEC on Twitter
- October 05, 2018

The SEC, Mr Musk and Tesla must file documents later this month to prove the terms are " fair and reasonable ". His extraordinary slap at federal regulators comes as U.S. The SEC declined to comment on the tweet. Shares of Tesla extended earlier losses after a judge issued an order to review the settlement , and were down $12.97, or 4.4 percent, to $281.83 at the closing bell on Thursday. (more...)
Pence Urges Google to Axe 'Dragonfly' Search Project for China
- October 05, 2018

Just hours before Pence spoke, the US Justice Department indicted seven Russian intelligence agents as part of a joint crackdown with Britain and The Netherlands on alleged hacking by Moscow, including against the Democratic Party, Trump's domestic rivals. (more...)
VP Mike Pence LASHES OUT: China 'Wants A Different American President'
- October 05, 2018

Relations between the world's two largest economies have plummeted in recent weeks with Mr Trump placing US$250 billion (S$345 billion) in tariffs on Chinese goods, in part over charges that Beijing forces U.S. The vice president said that Chinese security agencies have masterminded "the wholesale theft of American technology" and that Beijing works to steal USA intellectual property, leading to a "new consensus" among United States businesses about investing there. (more...)
Apple, Amazon deny claims Chinese spies implanted backdoor chips in company hardware Apple, Amazon deny claims Chinese spies implanted backdoor chips in company hardware
- October 04, 2018

The Bloomberg report claims that the rice-sized chips were hidden on server motherboards produced by San Jose-based firm Super Micro. These motherboards have been used in servers by companies like Amazon and Apple as well by at least 28 other U.S. (more...)
Petrol prices cut by Rs 5 in Maharashtra Petrol prices cut by Rs 5 in Maharashtra
- October 04, 2018

He said that the central government will reduce excise duty by Rs 1.5 while oil companies will absorb the remainder. Jaiely further appealed to the states to match the Centre's efforts to cut value-added tax or VAT by Rs. Jaitley said he on Wednesday met Oil Minister Dharmendra Pradhan and inter-ministerial consultations continued on Thursday. Petrol, diesel prices across the country scaled new heights on Thursday, with diesel prices reaching Rs 80.10 per litre and petrol reaching Rs ... (more...)
Indian rupee collapses to 73.77 against Dollars Indian rupee collapses to 73.77 against Dollars
- October 04, 2018

Mr Gandhi took aim at Prime Minister Narendra Modi yesterday, accusing him of remaining silent over the rupee crisis. "Till when will the 56-inch chest be on "silent mode", he tweeted and asked what happened to the promise of "achche din". (more...)
What's in sweeping new NAFTA deal between US, Canada and Mexico What's in sweeping new NAFTA deal between US, Canada and Mexico
- October 04, 2018

Certainly, Canada and Mexico were ready to modernize and after and they did it through a thing called TPP. That could mean more jobs, more auto production, more distribution from and through Northwest Ohio. "And country-of-origin labelling, which is supported by 90 percent of Americans, was unfortunately left out of the agreement". Canada had resisted American moves to remove the provision, keen to be able to challenge U.S. (more...)
You wouldn’t last two weeks without us, Donald Trump tells Saudi king You wouldn’t last two weeks without us, Donald Trump tells Saudi king
- October 04, 2018

While Trump failed to mention when the undiplomatic remarks were made to King Salman, it is known that the two leaders held a phone conversation on Saturday to discuss global oil supplies. That is up sharply from the 10.4 mb/d it produced in August, and the increase offers some evidence to back up the story that Saudi Arabia and Russian Federation agreed to boost output weeks ago, and may have told American officials about it. (more...)
What will the new NAFTA - the USMCA - mean for Quebec? What will the new NAFTA - the USMCA - mean for Quebec?
- October 04, 2018

Trade experts said the USMCA clause looks designed, in part, to short-circuit any efforts China might make to get around the USA sanctions by making deals with the other USMCA partners, and then having its goods make their way into the US market tariff-free by shipping them via another USMCA country. (more...)
Oil near 4-yr high as Washington's Iran sanctions loom Oil near 4-yr high as Washington's Iran sanctions loom
- October 03, 2018

Brent rose 9 cents to $85.07 per barrel by 11:53 a.m. EDT, a day after reaching a four-year high of $85.45. The world now consumes about 100 million barrels a day of oil despite worries that electric cars and a rising trend toward renewable energy sources might one day reduce oil consumption. (more...)
Tesco reveals discount store Jack’s to take on Lidl and Aldi Tesco reveals discount store Jack’s to take on Lidl and Aldi
- October 03, 2018

Jack Cohen founded Tesco 99 years ago in 1919. Tesco says most items stocked will be British-sourced, including a special branded range carrying the Jack's name. Tesco now has a 27.4 percent share of Britain's grocery market, according to the latest industry data, although it could be overtaken by Sainsbury's proposed 7.3 billion pound takeover of Asda. (more...)
Oil rises before US sanctions on Iran bite Oil rises before US sanctions on Iran bite
- October 02, 2018

Oil market sentiment was lifted by a last-gasp deal on Sunday to salvage NAFTA as a trilateral pact between the United States, Mexico and Canada. US light crude futures were up $1.48 at $74.73 a barrel, after touching $74.89, the highest in almost four years. (more...)
Amazon increases its minimum wage to $15 Amazon increases its minimum wage to $15
- October 02, 2018

Amazon has raised the pay of thousands of workers in the United Kingdom and USA, after coming under increasing fire from campaigners over its low wages. "The current rate of $7.25 was set almost a decade ago", said Jay Carney, senior vice president of Amazon Global Corporate Affairs, in the statement. (more...)
Amazon raising minimum wage to $15 an hour for US workers Amazon raising minimum wage to $15 an hour for US workers
- October 02, 2018

In a statement , CEO Jeff Bezos said that "we listened to our critics, thought hard about what we wanted to do, and decided we wanted to lead". And Walmart, the country's largest private-sector employer, which has more than 1 million United States workers, raised its minimum wage to $11 in February. (more...)
Tesla shares soar 16% after Elon Musk settles fraud lawsuit with regulator Tesla shares soar 16% after Elon Musk settles fraud lawsuit with regulator
- October 02, 2018

Tesla Inc. shares rebounded from last week's USA lawsuit over Elon Musk's take-private tweets, as a settlement ensured the billionaire will keep calling the shots at the carmaker he's said is on the verge of profitability. Stephanie Avakian, the co-director of the SEC's enforcement division, said: "The total package of remedies and relief are specifically created to address the misconduct at issue by strengthening Tesla's corporate governance and oversight in order to protect investors". (more...)
Fuel price hiked again, LPG to cost Rs 502.4 per cylinder Fuel price hiked again, LPG to cost Rs 502.4 per cylinder
- October 02, 2018

Indian Oil Corp fuel stations charged Rs 91.08 per litre for petrol , while Bharat Petroleum and Hindustan Petroleum charged even more. Prices of the fuel in Delhi, Kolkata , Mumbai and Chennai were Rs 75.09, Rs 76.94, Rs 79.09 and Rs 79.40 a litre respectively, up from the Sunday's Rs 74.79, Rs 76.64, Rs 79.40 and Rs 79.08 respectively. (more...)