Markets
Qualcomm won't revive NXP acquisition bid - Hardware
- December 04, 2018
The agreement between Trump and Chinese President Xi Jinping had made it further for China to approve the deal for Qualcomm to acquire NXP Semiconductors after Chinese regulators prevented the transaction earlier this year. 14,100 crores) fee to terminate the deal. Qualcomm has a large presence in China so they were not left with any real options except to cancel the deal. (more...)
- December 04, 2018
The agreement between Trump and Chinese President Xi Jinping had made it further for China to approve the deal for Qualcomm to acquire NXP Semiconductors after Chinese regulators prevented the transaction earlier this year. 14,100 crores) fee to terminate the deal. Qualcomm has a large presence in China so they were not left with any real options except to cancel the deal. (more...)
Trump Claims He Will Withdraw US From NAFTA
- December 04, 2018
The ambassador said he's pleased that a side letter to the treaty assures Canada that no similar tariffs can be applied to cars made in Canada and exported to the United States. The remarks came after he had formally signed a new version of NAFTA with leaders from Mexico and Canada. Trump had vowed to revamp NAFTA during his 2016 presidential election campaign. (more...)
- December 04, 2018
The ambassador said he's pleased that a side letter to the treaty assures Canada that no similar tariffs can be applied to cars made in Canada and exported to the United States. The remarks came after he had formally signed a new version of NAFTA with leaders from Mexico and Canada. Trump had vowed to revamp NAFTA during his 2016 presidential election campaign. (more...)
Massive data breach at Quora
- December 04, 2018
Quora said, in a statement emailed to members, that they are now investigating exactly how the breach occurred. Account information, including names, email addresses, encrypted passwords and data imported from linked networks when authorized by users may have been compromised, it said. (more...)
- December 04, 2018
Quora said, in a statement emailed to members, that they are now investigating exactly how the breach occurred. Account information, including names, email addresses, encrypted passwords and data imported from linked networks when authorized by users may have been compromised, it said. (more...)
Amazon tests checkout-free shopping for larger stores
- December 04, 2018
Amazon is testing larger version of its automated Amazon Go brick-and-mortar stores, according to sources speaking to the Wall Street Journal , meaning you could potentially do your weekly grocery shopping without interacting with another human being. (more...)
- December 04, 2018
Amazon is testing larger version of its automated Amazon Go brick-and-mortar stores, according to sources speaking to the Wall Street Journal , meaning you could potentially do your weekly grocery shopping without interacting with another human being. (more...)
Days of Events Honoring Former President George HW Bush
- December 04, 2018
Bush died at home in Houston on Friday at age 94. Mayor Sylvester Turner has urged attendees to wear colorful socks, a nod to the former president's fondness for sporting loud socks often emblazoned with unusual patterns during public events. (more...)
- December 04, 2018
Bush died at home in Houston on Friday at age 94. Mayor Sylvester Turner has urged attendees to wear colorful socks, a nod to the former president's fondness for sporting loud socks often emblazoned with unusual patterns during public events. (more...)
Alberta government imposes oil production cuts for province
- December 03, 2018
The move is meant to combat steep discounts now placed on Alberta oil. Executives of upstream oil companies such as Cenovus Energy and Canadian Natural Resources have urged Notley to intervene for weeks, saying they couldn't transfer the oil they were producing without sufficient pipeline space, leading to hundreds of thousands of barrels clogging up warehouses and being sold at a discount to the USA benchmark Western Texas Intermediate. (more...)
- December 03, 2018
The move is meant to combat steep discounts now placed on Alberta oil. Executives of upstream oil companies such as Cenovus Energy and Canadian Natural Resources have urged Notley to intervene for weeks, saying they couldn't transfer the oil they were producing without sufficient pipeline space, leading to hundreds of thousands of barrels clogging up warehouses and being sold at a discount to the USA benchmark Western Texas Intermediate. (more...)
G20: Trump and Xi to meet amid US-China trade tensions
- December 03, 2018
The question now is what occurs in the next 90 days. China will be opening up, China will be getting rid of tariffs. Beijing will no doubt attempt to make good on its pledge to increase purchases of USA goods, turning probably to soybeans and potentially energy. (more...)
- December 03, 2018
The question now is what occurs in the next 90 days. China will be opening up, China will be getting rid of tariffs. Beijing will no doubt attempt to make good on its pledge to increase purchases of USA goods, turning probably to soybeans and potentially energy. (more...)
AEC urges OPEC members to continue production cuts
- December 03, 2018
IG Market Analyst, Kyle Rodday says the news post-OPEC meeting could be significant. Both main contracts have plunged by about a third since hitting four-year highs at the start of October, hit by a number of factors including easing demand, high production, softer-than-expected USA sanctions on Iran and a global growth slowdown. (more...)
- December 03, 2018
IG Market Analyst, Kyle Rodday says the news post-OPEC meeting could be significant. Both main contracts have plunged by about a third since hitting four-year highs at the start of October, hit by a number of factors including easing demand, high production, softer-than-expected USA sanctions on Iran and a global growth slowdown. (more...)
Qatar will withdraw from OPEC effective January 2019: Minister
- December 03, 2018
He added, "Qatar has worked diligently during the past few years to develop a future strategy based on growth and expansion, both in its activities at home and overseas". Qatar has spend the last year-and-a-half battling attempts by Saudi Arabia and the United Arab Emirates (both of them are members of the Opec) to isolate it in the Middle East . (more...)
- December 03, 2018
He added, "Qatar has worked diligently during the past few years to develop a future strategy based on growth and expansion, both in its activities at home and overseas". Qatar has spend the last year-and-a-half battling attempts by Saudi Arabia and the United Arab Emirates (both of them are members of the Opec) to isolate it in the Middle East . (more...)
Former Autonomy boss Lynch to fight United States fraud charges
- December 03, 2018
These stale allegations are meritless and we reject them emphatically. "This case is unsupportable". In his downtime, Mr Lynch is said to enjoy caring for rare breeds which include red poll cattle which he keeps at his Suffolk home. Earlier this year, the Financial Reporting Council began disciplinary proceedings against former bosses at Autonomy and auditors at Deloitte linked to the alleged fraud at the software firm. (more...)
- December 03, 2018
These stale allegations are meritless and we reject them emphatically. "This case is unsupportable". In his downtime, Mr Lynch is said to enjoy caring for rare breeds which include red poll cattle which he keeps at his Suffolk home. Earlier this year, the Financial Reporting Council began disciplinary proceedings against former bosses at Autonomy and auditors at Deloitte linked to the alleged fraud at the software firm. (more...)
Powell backs rate hikes; says financial risks contained
- December 02, 2018
Powell's statement that interest rates are "just below" the neutral range came as a surprise which immediately fueled speculation of the Fed taking a pause in interest rate hikes next year. A footnote pointed out the Fed's staff assessed financial stability vulnerabilities as moderate as well. Mr Trump has criticised Mr Powell repeatedly this year, saying that the base rate is unnecessarily high and risks curtailing an economic boom in the US. (more...)
- December 02, 2018
Powell's statement that interest rates are "just below" the neutral range came as a surprise which immediately fueled speculation of the Fed taking a pause in interest rate hikes next year. A footnote pointed out the Fed's staff assessed financial stability vulnerabilities as moderate as well. Mr Trump has criticised Mr Powell repeatedly this year, saying that the base rate is unnecessarily high and risks curtailing an economic boom in the US. (more...)
U.S., China agree to 90-day trade ceasefire at G20
- December 02, 2018
Mike Starkey offloads soybeans from his combine as he harvests his crops in Brownsburg, Indiana, Sept. 21, 2018. "It will have an incredibly positive impact on farming, meaning agriculture, industrial products, computers, every type of product". (more...)
- December 02, 2018
Mike Starkey offloads soybeans from his combine as he harvests his crops in Brownsburg, Indiana, Sept. 21, 2018. "It will have an incredibly positive impact on farming, meaning agriculture, industrial products, computers, every type of product". (more...)
Fed chair says economy is in ‘good health’ despite risks
- December 02, 2018
In his NY speech Wednesday, Powell did not dispute the widely held belief that the Fed will raise interest rates again in December , saying, "There is no preset policy" about tightening. While interest rates were gradually moving to a neutral point, "we're a long way from neutral at this point, probably". His remarks Wednesday appeared to suggest to this audience that he might stop sooner or move more slowly. (more...)
- December 02, 2018
In his NY speech Wednesday, Powell did not dispute the widely held belief that the Fed will raise interest rates again in December , saying, "There is no preset policy" about tightening. While interest rates were gradually moving to a neutral point, "we're a long way from neutral at this point, probably". His remarks Wednesday appeared to suggest to this audience that he might stop sooner or move more slowly. (more...)
Cowboys beat Saints in Thursday Night Football
- December 02, 2018
No NFL team had been more money on fourth down this season, 11 of 12 entering their Thursday night game against Dallas at AT&T Stadium in Arlington, Texas. The Cowboys scored first on Brett Maher's 26-yard field goal, but they could have had more after driving to a first-and-goal at the Saints' 6 following a 40-yard completion from Prescott to Michael Gallup on the left sideline. (more...)
- December 02, 2018
No NFL team had been more money on fourth down this season, 11 of 12 entering their Thursday night game against Dallas at AT&T Stadium in Arlington, Texas. The Cowboys scored first on Brett Maher's 26-yard field goal, but they could have had more after driving to a first-and-goal at the Saints' 6 following a 40-yard completion from Prescott to Michael Gallup on the left sideline. (more...)
President Trump meets with the leader of Argentina during G20 summit
- December 01, 2018
President Trump said recently that current tariff levels on $200bn (£157bn) of Chinese imports would rise as planned . "Out with [US President Donald] Trump and imperialist leaders", protesters chanted while marching through a central boulevard towards Congress. (more...)
- December 01, 2018
President Trump said recently that current tariff levels on $200bn (£157bn) of Chinese imports would rise as planned . "Out with [US President Donald] Trump and imperialist leaders", protesters chanted while marching through a central boulevard towards Congress. (more...)
Trump hints at new auto tariffs after GM closures, job cuts
- December 01, 2018
In a series of tweets, Trump said that plans to introduce auto tariffs are now being studied. A 25-per-cent duty on imported light trucks was applied in the 1960s by President Lyndon Johnson in retaliation to West German tariffs on US poultry. (more...)
- December 01, 2018
In a series of tweets, Trump said that plans to introduce auto tariffs are now being studied. A 25-per-cent duty on imported light trucks was applied in the 1960s by President Lyndon Johnson in retaliation to West German tariffs on US poultry. (more...)
Is Trump's new trade deal really a landmark?
- December 01, 2018
While praising the "historic" nature of the deal, Trudeau also told Trump that the progress gave "all the more reason why we need to keep working to remove the tariffs on steel and aluminium between our countries". Trump, who arrived in Buenos Aires late Thursday, barreled into the two-day meeting by announcing via Twitter that he was canceling a planned meeting with Russian President Vladimir Putin over Russia's seizure of Ukrainian vessels. (more...)
- December 01, 2018
While praising the "historic" nature of the deal, Trudeau also told Trump that the progress gave "all the more reason why we need to keep working to remove the tariffs on steel and aluminium between our countries". Trump, who arrived in Buenos Aires late Thursday, barreled into the two-day meeting by announcing via Twitter that he was canceling a planned meeting with Russian President Vladimir Putin over Russia's seizure of Ukrainian vessels. (more...)
Is Powell signalling end of Fed's tightening cycle?
- December 01, 2018
Investors interpreted as Powell either changing his position on interest rates or attempting to correct the incorrect interpretation of his earlier remarks . "If you look down the road, you see challenges ahead, and they're challenges that are typical in a cycle", said Powell speaking earlier this month at the Federal Reserve Bank of Dallas. (more...)
- December 01, 2018
Investors interpreted as Powell either changing his position on interest rates or attempting to correct the incorrect interpretation of his earlier remarks . "If you look down the road, you see challenges ahead, and they're challenges that are typical in a cycle", said Powell speaking earlier this month at the Federal Reserve Bank of Dallas. (more...)
Stocks markets surge on hint of slower rate hikes
- November 30, 2018
The Fed has raised its benchmark short-term rate, now in a range of two per cent to 2.25 per cent, three times this year and is expected to do so again next month. That comment had unsettled investors who feared that it meant the Fed would need a number of further hikes to get to neutral. Trump tapped Powell previous year to be Fed chairman after he decided against giving Janet Yellen a second term. (more...)
- November 30, 2018
The Fed has raised its benchmark short-term rate, now in a range of two per cent to 2.25 per cent, three times this year and is expected to do so again next month. That comment had unsettled investors who feared that it meant the Fed would need a number of further hikes to get to neutral. Trump tapped Powell previous year to be Fed chairman after he decided against giving Janet Yellen a second term. (more...)
Oil Slides Toward Worst Loss in a Decade as Russia Mixes Signals
- November 30, 2018
Most people agreed that Russian Federation can't immediately reduce production and if it joins the cuts, it will cut output gradually, like it did the previous time, the source told Reuters. The Minister of State for Petroleum Resources, Ibe Kachikwu has disclosed that the Federal Government would collaborate with Saudi Arabia to revamp Nigeria's refineries. (more...)
- November 30, 2018
Most people agreed that Russian Federation can't immediately reduce production and if it joins the cuts, it will cut output gradually, like it did the previous time, the source told Reuters. The Minister of State for Petroleum Resources, Ibe Kachikwu has disclosed that the Federal Government would collaborate with Saudi Arabia to revamp Nigeria's refineries. (more...)
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Crude hits 2019 high above $65