Markets
Saudi Arabia Reveals Rise In Oil Reserves And Commits To Aramco Listing
- January 12, 2019
He said that Aramco would also issue bonds in the second-quarter of the year and that company financial details would be published as part of that process. It answers a key question for potential investors in the planned share sale of Saudi Aramco, the state-owned company that manages the Kingdom's vast oil wealth. (more...)
- January 12, 2019
He said that Aramco would also issue bonds in the second-quarter of the year and that company financial details would be published as part of that process. It answers a key question for potential investors in the planned share sale of Saudi Aramco, the state-owned company that manages the Kingdom's vast oil wealth. (more...)
China-US trade talks have laid foundation for a deal, ministry says
- January 12, 2019
They were the first face-to-face meetings since Chinese President Xi Jinping and US President Donald Trump brokered a 90-day truce on trade last month. Lu said he had no details and an official statement would be issued later. Exports of Chinese goods to Russian Federation increased 12 percent and amounted to $43.45 billion, while Russia's sales to China surged 44.3 percent to $53.78 billion. (more...)
- January 12, 2019
They were the first face-to-face meetings since Chinese President Xi Jinping and US President Donald Trump brokered a 90-day truce on trade last month. Lu said he had no details and an official statement would be issued later. Exports of Chinese goods to Russian Federation increased 12 percent and amounted to $43.45 billion, while Russia's sales to China surged 44.3 percent to $53.78 billion. (more...)
FDA: Shutdown Means We're Not Doing 'Important Things' Like Inspections
- January 11, 2019
The agency announced this week that romaine is safe to eat after concerns about E. Coli , though they are still investigating the cause of the outbreak. The FDA conducts about 8,400 inspections a year, or an average of 160 a week. "Our work protects the food that families feed their children and pets and ensures the effectiveness of the medicine they need, all of which contribute to improving the health and welfare of Americans", it said. (more...)
- January 11, 2019
The agency announced this week that romaine is safe to eat after concerns about E. Coli , though they are still investigating the cause of the outbreak. The FDA conducts about 8,400 inspections a year, or an average of 160 a week. "Our work protects the food that families feed their children and pets and ensures the effectiveness of the medicine they need, all of which contribute to improving the health and welfare of Americans", it said. (more...)
Three Apple iPhone coming this year with triple camera setup
- January 11, 2019
Increased competition from local phone producers in China, where Apple makes 20 per cent of its total revenue, have hit the company's ability to keep growing in the market, chief executive Tim Cook told shareholders last week. Apple, like other handset makers, has been grappling with the reality that consumers aren't upgrading their phones as often as they once did. "Beefing up functional value, like expanding camera features, isn't attractive because everyone else is doing the exact same ... (more...)
- January 11, 2019
Increased competition from local phone producers in China, where Apple makes 20 per cent of its total revenue, have hit the company's ability to keep growing in the market, chief executive Tim Cook told shareholders last week. Apple, like other handset makers, has been grappling with the reality that consumers aren't upgrading their phones as often as they once did. "Beefing up functional value, like expanding camera features, isn't attractive because everyone else is doing the exact same ... (more...)
Bosch to pay $131 million to settle USA diesel emissions claims
- January 11, 2019
The Justice Department and EPA announced the settlement Thursday morning. Fiat Chrysler won't admit wrongdoing in the settlement. The affected vehicles are powered by a 3.0-litre diesel engine. The company also agreed to buy back some vehicles, fix others, pay to mitigate environmental harm and settle lawsuits for a cost of more than $30 billion. (more...)
- January 11, 2019
The Justice Department and EPA announced the settlement Thursday morning. Fiat Chrysler won't admit wrongdoing in the settlement. The affected vehicles are powered by a 3.0-litre diesel engine. The company also agreed to buy back some vehicles, fix others, pay to mitigate environmental harm and settle lawsuits for a cost of more than $30 billion. (more...)
GM rejects Unifor's proposals to keep Oshawa plant open past 2019
- January 11, 2019
The options suggested by the union, including extending the life of the Chevy Impala and Cadillac XTS now produced at the plant or shifting production slated for Mexico to the plant, are not economic, said David Paterson, vice president of corporate affairs at GM Canada. (more...)
- January 11, 2019
The options suggested by the union, including extending the life of the Chevy Impala and Cadillac XTS now produced at the plant or shifting production slated for Mexico to the plant, are not economic, said David Paterson, vice president of corporate affairs at GM Canada. (more...)
Fed chair is ‘very worried’ about ballooning debt USA will inevitably face
- January 11, 2019
However, the Fed chief is less bullish on the world economy. Federal Reserve Chairman Jerome Powell said the USA central bank can be patient before adjusting interest rates again as it waits to see how global risks impact the domestic economy. (more...)
- January 11, 2019
However, the Fed chief is less bullish on the world economy. Federal Reserve Chairman Jerome Powell said the USA central bank can be patient before adjusting interest rates again as it waits to see how global risks impact the domestic economy. (more...)
China Says Beijing Talks Lay Foundation For Trade Resolution
- January 10, 2019
They agreed to maintain close contact, the statement said. No schedule for further face-to-face negotiations was released after the talks, and USTR said the American delegation was returning to Washington to report on the meetings and "to receive guidance on the next steps". (more...)
- January 10, 2019
They agreed to maintain close contact, the statement said. No schedule for further face-to-face negotiations was released after the talks, and USTR said the American delegation was returning to Washington to report on the meetings and "to receive guidance on the next steps". (more...)
Rare penny from school lunch change up for auction
- January 10, 2019
Lutes, who had the coin authenticated in 1958 by expert Walter Breen during a New England Numismatic Association convention in Worcester, died in September of a year ago and the coin was given to Heritage to auction off. But when Lutes contacted the Ford Motor Company, he was told the rumor was false. Lutes knew his coin was rare and held on to it. The auction ends Thursday, and the current bid stands at $130,000. (more...)
- January 10, 2019
Lutes, who had the coin authenticated in 1958 by expert Walter Breen during a New England Numismatic Association convention in Worcester, died in September of a year ago and the coin was given to Heritage to auction off. But when Lutes contacted the Ford Motor Company, he was told the rumor was false. Lutes knew his coin was rare and held on to it. The auction ends Thursday, and the current bid stands at $130,000. (more...)
China trade talks end, but has anything changed?
- January 10, 2019
On Tuesday, an official Chinese newspaper warned Washington "cannot push China too far" and must avoid a situation that "spins out of control". US and Chinese envoys extended trade talks into a third day Wednesday after President Donald Trump said negotiations aimed at ending a tariff war were " going very well! ". (more...)
- January 10, 2019
On Tuesday, an official Chinese newspaper warned Washington "cannot push China too far" and must avoid a situation that "spins out of control". US and Chinese envoys extended trade talks into a third day Wednesday after President Donald Trump said negotiations aimed at ending a tariff war were " going very well! ". (more...)
How the government shutdown could affect your tax return
- January 10, 2019
In a statement, the IRS said the agency has always held the view that it has the authority to pay out tax refunds despite a lapse of appropriations during a shutdown . " Tax refunds will go out". President Trump has threatened to continue the ongoing federal shutdown for months, or longer. Millions of taxpayers who typically file for refunds at the beginning of the year have been unsure when they will get their money back from the IRS. (more...)
- January 10, 2019
In a statement, the IRS said the agency has always held the view that it has the authority to pay out tax refunds despite a lapse of appropriations during a shutdown . " Tax refunds will go out". President Trump has threatened to continue the ongoing federal shutdown for months, or longer. Millions of taxpayers who typically file for refunds at the beginning of the year have been unsure when they will get their money back from the IRS. (more...)
Oil prices up with OPEC cuts, US-China trade talks
- January 09, 2019
The USS McCampbell carried out a "freedom of navigation" operation, sailing within 12 nautical miles of the Paracel Island chain, "to challenge excessive maritime claims", Pacific Fleet spokeswoman Rachel McMarr said in an emailed statement. (more...)
- January 09, 2019
The USS McCampbell carried out a "freedom of navigation" operation, sailing within 12 nautical miles of the Paracel Island chain, "to challenge excessive maritime claims", Pacific Fleet spokeswoman Rachel McMarr said in an emailed statement. (more...)
Oil prices rally amid OPEC-led output cut deal, falling USA inventories
- January 09, 2019
On Friday, crude oil futures ended up $0.87, or 1.9%, at $47.96 a barrel, extending gains to a fifth successive session. There's a " very good chance " the US gets a reasonable deal with China , Commerce Secretary Wilbur Ross told CNBC Monday, as trade negotiations began in Beijing. (more...)
- January 09, 2019
On Friday, crude oil futures ended up $0.87, or 1.9%, at $47.96 a barrel, extending gains to a fifth successive session. There's a " very good chance " the US gets a reasonable deal with China , Commerce Secretary Wilbur Ross told CNBC Monday, as trade negotiations began in Beijing. (more...)
What hope for markets in the US-China trade talks?
- January 09, 2019
President Trump continues to be optimistic, however, tweeting the talks are going very well. Beijing's growing commercial and political ties with its neighbours will make it harder for Washington to find "Asian countries willing to stand at its side and help contain China", the newspaper said. (more...)
- January 09, 2019
President Trump continues to be optimistic, however, tweeting the talks are going very well. Beijing's growing commercial and political ties with its neighbours will make it harder for Washington to find "Asian countries willing to stand at its side and help contain China", the newspaper said. (more...)
Parent company of Sears, Kmart prepares for possible liquidation
- January 09, 2019
In making his bid for what remains of Sears, former CEO and billionaire investor Lampert stipulated any deal would put him and ESL ahead of other creditors down the line, and would be financed with more debt than cash. It's not the first frenzied deal Sears has made during its bankruptcy. If Sears doesn't accept Lampert's bid, it's likely the retailer will face liquidation and begin the shutting down process very soon. (more...)
- January 09, 2019
In making his bid for what remains of Sears, former CEO and billionaire investor Lampert stipulated any deal would put him and ESL ahead of other creditors down the line, and would be financed with more debt than cash. It's not the first frenzied deal Sears has made during its bankruptcy. If Sears doesn't accept Lampert's bid, it's likely the retailer will face liquidation and begin the shutting down process very soon. (more...)
Samsung Electronics warns of near-30 percent profit slump
- January 09, 2019
In its earnings guidance for Q4 2018, Samsung Electronics said it expected sales to be down roughly 11 percent year-on-year to about 59 trillion won (about $52.5 billion)-analysts were predicting $56.2 billion. A man tries out a Samsung Electronics' Galaxy Note 9 at its store in Seoul, South Korea Jan. 7, 2019. While Samsung still leads the world in smartphone sales , it's being squeezed by Chinese handset makers like Huawei Technologies Co . (more...)
- January 09, 2019
In its earnings guidance for Q4 2018, Samsung Electronics said it expected sales to be down roughly 11 percent year-on-year to about 59 trillion won (about $52.5 billion)-analysts were predicting $56.2 billion. A man tries out a Samsung Electronics' Galaxy Note 9 at its store in Seoul, South Korea Jan. 7, 2019. While Samsung still leads the world in smartphone sales , it's being squeezed by Chinese handset makers like Huawei Technologies Co . (more...)
United Kingdom expands drone exclusion airport zones after Gatwick disruption
- January 08, 2019
It added it first received the reports at about 5:05 p.m. Tuesday. Ministers are now exploring the use of military grade jammers and blocking systems to bring down rogue drones , such as the Israeli Drone Dome system reported to have been deployed at Gatwick . (more...)
- January 08, 2019
It added it first received the reports at about 5:05 p.m. Tuesday. Ministers are now exploring the use of military grade jammers and blocking systems to bring down rogue drones , such as the Israeli Drone Dome system reported to have been deployed at Gatwick . (more...)
Tesla to break ground on Shanghai 'Gigafactory'
- January 08, 2019
The Tesla factory, which will be built with an investment of over 50 billion yuan (USD seven billion), is the largest foreign-invested manufacturing project in Shanghai's history, state-run Xinhua news agency reported. The two sides have called a truce in their trade fight and are engaged in talks to cool tensions, with China temporarily scrapping a retaliatory 25 percent tariff on US -made cars starting January 1. (more...)
- January 08, 2019
The Tesla factory, which will be built with an investment of over 50 billion yuan (USD seven billion), is the largest foreign-invested manufacturing project in Shanghai's history, state-run Xinhua news agency reported. The two sides have called a truce in their trade fight and are engaged in talks to cool tensions, with China temporarily scrapping a retaliatory 25 percent tariff on US -made cars starting January 1. (more...)
Hyundai Elevate Concept Will Drive And Walk Anywhere To Save Lives
- January 08, 2019
Reaching the disaster struck faster means saving a lot of lives. Its body can be changed and entered from all four sides, its robotic legs have five degrees of freedom and wheel hub propulsion motors. This allows the Elevate to drive at highway speeds just like any other vehicle. The manufacturer claims the model can climb a five-foot wall and step over a gap of the same distance - all while keeping the passengers level. (more...)
- January 08, 2019
Reaching the disaster struck faster means saving a lot of lives. Its body can be changed and entered from all four sides, its robotic legs have five degrees of freedom and wheel hub propulsion motors. This allows the Elevate to drive at highway speeds just like any other vehicle. The manufacturer claims the model can climb a five-foot wall and step over a gap of the same distance - all while keeping the passengers level. (more...)
PG&E Sinks as Wall Street Weighs 'Posturing' Around Bankruptcy
- January 08, 2019
In November, California Assemblyman Chris Holden said a bill would be introduced in January to help PG&E absorb potential liabilities from the latest wildfires. The sale could also take place outside a bankruptcy process, the same source said. But the insurance companies note in their lawsuits that flames ignited near the site of a transmission-line irregularity reported by the utility. (more...)
- January 08, 2019
In November, California Assemblyman Chris Holden said a bill would be introduced in January to help PG&E absorb potential liabilities from the latest wildfires. The sale could also take place outside a bankruptcy process, the same source said. But the insurance companies note in their lawsuits that flames ignited near the site of a transmission-line irregularity reported by the utility. (more...)
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Trump says tariffs on European cars are still on the table