Markets


Google to spend US$1 billion on new campus in NY Google to spend US$1 billion on new campus in NY
- December 17, 2018

John's Terminal at 550 Washington Street by 2022. Google's plan to expand is being announced a month after Amazon said it would put one of its second headquarter locations in New York's Long Island City neighborhood, creating upward of 25,000 jobs in the region. (more...)
CDC Issues New Warning On E. Coli Outbreak Linked To Romaine Lettuce CDC Issues New Warning On E. Coli Outbreak Linked To Romaine Lettuce
- December 17, 2018

Investigators with the Food and Drug Administration and Centers for Disease Control and Prevention have found one probable source of the E. coli outbreak involving romaine lettuce , and said romaine from more growing regions is now considered safe to eat. (more...)
Trade war: Signs of progress in US-China talks Trade war: Signs of progress in US-China talks
- December 17, 2018

China will now suspend 25% tariffs on 144 USA vehicles and auto part items and 5% tariffs on 67 auto items between 1 January and 31 March, the finance ministry said. US Trade Representative Robert Lighthizer is leading talks to reach a deal on "structural changes" to China's economy by March 1. The Chinese government could also be easing tariffs in response to domestic concerns. (more...)
The worst passwords of 2018 The worst passwords of 2018
- December 15, 2018

Those combinations sit in the number one and two spots respectively, according to SplashData , who evaluates millions of leaked passwords each year for its worst 100 passwords list. People often use predictable passwords such as celebrity names and their own names. An additional level of security is to use these services to generate a unique, strong password for when you sign up to a new service or update your weak password . (more...)
Renault keeps Carlos Ghosn at wheel after probe finds no pay wrongdoing Renault keeps Carlos Ghosn at wheel after probe finds no pay wrongdoing
- December 15, 2018

The suit is the latest twist to a bitter legal fight between Ghosn and Nissan over the contents of a beachfront apartment that the former executive used during his trips to Brazil. Following a board meeting on Thursday, Renault revealed that preliminary conclusions of an ongoing investigation suggested that Ghosn's compensation approval was "in compliance with applicable law" and that it would "maintain the current governance measures". (more...)
Paris police: 21 people detained before protests Paris police: 21 people detained before protests
- December 15, 2018

The French government said it would deploy 8,000 police officers in Paris on the weekend and deploy armored vehicles in the capital to contain the protesters, whose demands range from lower taxes and higher wages to better public services. (more...)
Tencent Music sets RM4.6b IPO at bottom as markets gyrate Tencent Music sets RM4.6b IPO at bottom as markets gyrate
- December 15, 2018

Tencent Music's IPO finish off a guard year for U.S. postings by Chinese organizations, with $7.9 billion raised before Tencent Music's presentation, Refinitiv information appeared. At the heart of the volatility are worries about trade-related tensions between the USA and China and slowing economic growth in China. In terms of revenue, Spotify's quarter revenues of $1.6 Billion are more than the $1.3 Billion reported by TME in its first six months. (more...)
China court bans iPhone sales in patent dispute China court bans iPhone sales in patent dispute
- December 14, 2018

But it's not all over for Apple fanboys though, as they can still get their hands on the new iPhone XS , iPhone XS Plus or iPhone XR which are not included in the ban. The Chinese government "may suffer hundreds of thousands of tax losses" from the iPhone ban because of lost taxes from sales of the devices, it said, citing estimates of 50 million units sold in the country in 2017. (more...)
Mississauga Becomes the Latest Community to Shun Ontario Cannabis Retail Mississauga Becomes the Latest Community to Shun Ontario Cannabis Retail
- December 14, 2018

Mississauga Mayor Bonnie Crombie says the city feels there are too many unanswered questions on cannabis stores and the province has not given municipalities any control over where the shops would be located. Councillor Gord Perks said the city - as the largest market in the country - should insist the province make changes to its legalization framework, arguing the Ford government got it "terribly wrong". (more...)
China confirms arrest of second Canadian, East Asia News & Top Stories China confirms arrest of second Canadian, East Asia News & Top Stories
- December 14, 2018

Earlier in the day, Foreign Affairs Minister Chrystia Freeland told reporters the government has been unable to make contact with Spavor - whom she did not identify at the time - since he raised concerns about being questioned by Chinese authorities. (more...)
Japans top three telcos to exclude Huawei, ZTE network equipment -Kyodo Japans top three telcos to exclude Huawei, ZTE network equipment -Kyodo
- December 14, 2018

Representatives from Docomo, KDDI and SoftBank told a government hearing last month full 5G services for smartphones would commence in 2020. Private companies are drawing back from close relationships with Huawei and ZTE , highlighting growing distrust in the private and public sectors. (more...)
Ohio Congressman: We can fund border wall with Ohio Congressman: We can fund border wall with "WallCoin"
- December 14, 2018

Savings for the United States as a result of the renegotiated trade deal between the United States, Mexico and Canada would pay for the wall , he said . You can't have it both ways". Early talks about the border wall lacked specificity. The new deal, which Trump has designated the USMCA, still must be approved by Congress before it takes effect, and some Democrats have signaled they will demand changes. (more...)
Bound Southwest Flight Turns Around After Human Heart Discovered Onboard Bound Southwest Flight Turns Around After Human Heart Discovered Onboard
- December 14, 2018

Deanna Santa of Sierra Donor Services in Sacramento, Calif., said the organ-procurement organization sent the heart through a courier, who picked it up in Sacramento for shipment to Seattle . Although it seems a bit odd for a vital organ to be transported on a commercial flight, the Times reports that Southwest does work with companies that ship organs for transplants - as well as transporting human remains - but it accounts for very little of its total revenue. (more...)
Apple to open $1B campus in Austin, Texas Apple to open $1B campus in Austin, Texas
- December 13, 2018

Apple said it plans to invest $10 billion in U.S. data centres over the next five years, including $4.5 billion this year and next. It said the new 133-acre (0.54 sq km) campus would initially be home to 5,000 new workers but had the capacity to accommodate 15,000. (more...)
The main criticism against Britain's high employment rate is losing steam The main criticism against Britain's high employment rate is losing steam
- December 13, 2018

Unemployment also increased, up by 20,000 to 1.38 million after a big increase in the number of men out of work, although the total is still 49,000 lower than a year ago, the Office for National Statistics said . He adds: "Current decent employment may be influenced by companies being keen to employ while they can, given the increased concern in some sectors over a lack of suitably skilled candidates - in some cases this has been significantly influenced by fewer workers coming from the ... (more...)
Sign of a Thaw? China Makes New Major Buy of US Soybeans Sign of a Thaw? China Makes New Major Buy of US Soybeans
- December 13, 2018

The Trump administration is planning to take several actions aimed at calling out China for efforts to steal intellectual secrets from American high-tech companies, according to two people familiar with the matter. The move also shows that Beijing is perhaps serious about following through on promises made during Trump and Chinese President Xi Jinping's dinner at the G20 meeting in Buenos Aires, Argentina. (more...)
Senate passes Farm Bill; hemp closer to becoming a legal commodity Senate passes Farm Bill; hemp closer to becoming a legal commodity
- December 13, 2018

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Will Try to Uphold Autonomy & Credibility of RBI: Shaktikanta Das Will Try to Uphold Autonomy & Credibility of RBI: Shaktikanta Das
- December 13, 2018

He said that as the new RBI chief he will try and uphold professionalism, core values, credibility and autonomy of this institution. The day Urjit Patel resigned as RBI Governor , Subramanian Swamy urged Prime Minister Narendra Modi to dissuade RBI Governor Urjit Patel from leaving, saying his resignation would be wrong for the government, economy and the institution at this time. (more...)
Kotex Tampons Recalled After Reports of Pieces Left in Body Kotex Tampons Recalled After Reports of Pieces Left in Body
- December 13, 2018

The defective tampons were distributed broadly across the USA and Canada. "What can I say is that we worked quickly to identify the issue and determine the scope, leading to the recall of this product". HuffPost reached out to Kimberly-Clark for further comment, but the company did not offer any new or additional information. A list of lot numbers of the affected products can be found on the Kimberly-Clark website . (more...)
Oil holds drop on doubts over OPEC curbs and USA supply threat Oil holds drop on doubts over OPEC curbs and USA supply threat
- December 13, 2018

But as we go through seasonal demand peaks and the Iran sanctions waivers issued by Washington to 8 major oil-importing countries come off, "we will start to see the market tightening up", Yazhari said, noting that the market has not felt the full impacts of those sanctions yet, created to cripple the energy sector of OPEC's third-largest producer. (more...)

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