Markets


Flipkart CEO Binny resigns, quits immediately Flipkart CEO Binny resigns, quits immediately
- November 14, 2018

Binny has strongly denied the allegations . Binny had then expressed that Walmart is the ideal partner for the next phase of Flipkart journey. "I am convinced that the company is in great hands with our experienced leaders - Kalyan, Ananth and Sameer". (more...)
Major oil producers foresee oversupply, edge closer to production cuts Major oil producers foresee oversupply, edge closer to production cuts
- November 14, 2018

Saudi Energy Minister Khalid al-Falih said OPEC and its allies agree that technical analysis shows a need to cut oil supply next year by around 1 million bpd from October levels. Oil prices, which rose above $85 a barrel in October, fell to less than $70 a barrel last week amid a supply glut. Meeting to examine how to curb a sharp slide in oil prices, the producers said they "reviewed current oil supply and demand fundamentals and noted that 2019 prospects point to higher supply growth than ... (more...)
Huawei Mate 20 expected to steal sales from struggling iPhone XR Huawei Mate 20 expected to steal sales from struggling iPhone XR
- November 13, 2018

Major suppliers to Apple Inc.'s iPhone fell Tuesday as investors fretted that one of the most important product lines in the technology sector was seeing weak demand. "Apple is no longer a traditional hardware business", said Gene Munster, a veteran Apple analyst at Loup Ventures. Apple was punting on this product to drive new sales. (more...)
USA calls on China to remove missiles from Spratly Islands USA calls on China to remove missiles from Spratly Islands
- November 13, 2018

The meeting was held amid warnings that the post-World War Two worldwide order is in jeopardy and trade tensions between Washington and Beijing could trigger a "domino effect" of protectionist measures by other countries. Trump launched his unilateralist trade policy with a bang shortly after coming to office by withdrawing from the Trans-Pacific Partnership, a deal spearheaded by predecessor Barack Obama that aimed to bind fast-growing Asian powers into an American-backed order to counter ... (more...)
It’s back: Facebook experiences massive outage for roughly 15 minutes It’s back: Facebook experiences massive outage for roughly 15 minutes
- November 13, 2018

The map shows the major problems with Facebook Monday were centered in the NY area. As of around 1:40 p.m. local time many people reported the social media website was working again. "Earlier today, a routine test caused users to have trouble accessing or posting to all Facebook services including WhatsApp and Instagram". Facebook seems to be experiencing some issues Monday afternoon. (more...)
Amazon chooses New York City and Northern Virginia as HQ2 sites Amazon chooses New York City and Northern Virginia as HQ2 sites
- November 13, 2018

The Wall Street Journal is reporting that Amazon has officially chosen New York City and Northern Virginia for its new additional headquarters. The company was planning to split its second headquarters evenly between two cities and among the finalists with which Amazon was holding advanced talks were Dallas, Long Island City in NY and Arlington near Washington, D.C., Reuters last week , citing sources. (more...)
UFO investigated in Ireland after multiple aircraft sightings UFO investigated in Ireland after multiple aircraft sightings
- November 13, 2018

They reported that the object was moving at "astronomical speeds - it was like Mach 2". A second pilot, flying a Virgin Airlines plane, also called air traffic control. We saw a bright light and it then just disappeared at a very high speed. "They were very bright where we were". "I'm just guessing the first pilots had seen one that bright before", he said, adding that "it would be a bit unnerving" seeing one streaking past your aeroplane. (more...)
Saudi Arabia, Iraq to work for oil market stability Saudi Arabia, Iraq to work for oil market stability
- November 13, 2018

Oil lost nearly a fifth of its value over the past month due to oversupply and signs of a softer-than-expected impact from United States sanctions on Iranian crude exports. Saudi Arabia and Russian Federation, traditional arch-rivals have since 2016 worked in sync to counter USA shale, joining hands last year to remove a five-year inventory level by undertaking 1.8 million bpd of cuts. (more...)
Oil prices rise as Saudi announces supply cut Oil prices rise as Saudi announces supply cut
- November 12, 2018

U.S. West Texas Intermediate (WTI) crude oil futures were at 60.73 dollars per barrel, up by 54 cents, or 0.9 per cent from their last settlement. Iraq now pumps around 4.6 million barrels per day (bpd) of oil, second only to Saudi Arabia in the Organisation of the Petroleum Exporting Countries. (more...)
Major oil producers to consider cuts after price slide Major oil producers to consider cuts after price slide
- November 12, 2018

Russian Federation stated on Sunday that it did not believe that the oil market would face a probability of an oversupply next year. The UAE's Mazrouei said that the goal of the OPEC and non-OPEC cooperation was to strike a balance in the market, adding that recommendations for possible action will be made to next month's ministerial conference. (more...)
26 restaurants in Utah offering deals for veterans 26 restaurants in Utah offering deals for veterans
- November 12, 2018

On the Border: Veterans receive a free create your own combo entree on November 11. All veterans and active duty military with a valid military ID will be offered a free classic "Almost Famous" sandwich. Veterans Day deal for veterans November 11, 2018. The Mexican chain will offer a free "create-your-own" combo meal to veterans, choosing any two items off of the combo menu, including tacos, empanadas, and enchiladas, on November 11. (more...)
China Oct exports surprisingly strong in race to beat higher US tariffs China Oct exports surprisingly strong in race to beat higher US tariffs
- November 12, 2018

Import growth also defied forecasts for a slowdown, suggesting Beijing's growth-boosting measures to support the cooling economy may be starting to make themselves felt. Another $50 billion of Chinese goods already is subject to 25 percent duties. Trump has threatened to expand US penalties to all goods from China. But analysts continue to warn of a drop in USA demand for Chinese goods early next year, with all eyes now on whether presidents Donald Trump and Xi Jinping can make any ... (more...)
FDA plans to crackdown on flavored e-cigarettes FDA plans to crackdown on flavored e-cigarettes
- November 12, 2018

The FDA's planned restrictions, first reported by The Washington Post and confirmed to Reuters by the official, do not apply to vape shops or other specialty retail stores. That is a 67-percent decline from 1965, when a national health survey began tracking smoking rates. About 6.9 million adults used e-cigarettes in 2017, according to a US Centers for Disease Control and Prevention report released Thursday . (more...)
Fed meets to weigh future rate hikes Fed meets to weigh future rate hikes
- November 12, 2018

The Fed did not specify any risks to the economy it perceives. The Labor Department last week reported that the headline jobless level was at 3.7 percent, the lowest since December 1969. "While a deeper and more persistent drop in equity markets could dash confidence and lead to a significant pullback in risk-taking and spending, we are far from this scenario", said Cleveland Fed President Loretta Mester in an October 25 speech. (more...)
Alibaba Singles' Day sales hit $10 billion in first hour Alibaba Singles' Day sales hit $10 billion in first hour
- November 11, 2018

The sale covers obvious goods like smartphones, TVs and other big-ticket consumer items, but also fashion, clothing, furniture, health products and more. Alibaba founder Jack Ma, who will step down as chairman in less than a year, attended the start of the gala in Shanghai and appeared in a video message in which he wrapped up live hair crabs, a popular online purchase. (more...)
Mazda3 Sedan and Hatchback Teased Ahead of Debut Mazda3 Sedan and Hatchback Teased Ahead of Debut
- November 11, 2018

Unlike a regular gasoline engine, in which the fuel-air mixture is ignited by a spark, Skyactiv-X will employ an approached used by diesel engines, which compress the fuel until it becomes so hot it ignites. But Mazda plans to refine the rough edges of the engine using a motor generator unit like the one shown above, with Automotive News Europe writing: Mazda CEO Akira Marumoto, talking about the auto here ahead of its unveiling, said the strategy is to mate the Skyactiv-X engine to a ... (more...)
Modi govt not seeking Rs 3.6 lakh crore from RBI Modi govt not seeking Rs 3.6 lakh crore from RBI
- November 11, 2018

There is no proposal to ask RBI to transfer ₹3.6 (lakh crore) or ₹1 lakh crore, as speculated. To buttress the point, he said the government had actually foregone Rs 70,000 crore of budgeted market borrowing this year. The capital framework governs the RBI's capital requirements and terms for the transfer of its surplus to the government. "Finding all avenues closed, in desperation, the government has demanded Rs 1 lakh crore from the reserves of RBI ", he had stated. (more...)
Bitcoin Cash [BCH] deposits and withdrawal will be suspended from Huobi Bitcoin Cash [BCH] deposits and withdrawal will be suspended from Huobi
- November 11, 2018

Here are the 12 things you should know about the Bitcoin Cash hard fork long before it happens. "We're seeing right now the damage that can be caused by having contentious hard fork ". From the beginning of BCH , developers have planned on hard forking the currency every six months. Why? It includes the Bitcoin SV and ABC roadmap and a list of weighted companies declaring which implementation they are using. (more...)
Bombardier to cut 5,000 jobs Bombardier to cut 5,000 jobs
- November 11, 2018

The sale is expected to be announced with Bombardier's earnings on Thursday, the person said, asking not to be identified because of the sensitivity of the matter. The company said it reached definitive agreements for the sale of non-core assets and the monetization of royalties, which is expected to generate approximately $900 million in net proceeds, increasing financial flexibility as it approaches the final deleveraging phase of its turnaround plan. (more...)
Flight attendant breastfeeds passenger's baby, photo goes viral Flight attendant breastfeeds passenger's baby, photo goes viral
- November 11, 2018

As a mother herself, she could relate. According to her Facebook post , which has over 122K reactions, the mother started to tear up and told Organo that she had run out of formula and was unable to feed her child. "There's no formula milk onboard", Organo wrote. With almost 34,000 shares, at the time of writing, Organo has been showered with lot of love. "I breastfed a stranger's baby in flight, and I am just so thankful for the gift of a mother's milk at times of need", said Patrisha ... (more...)

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