Markets


Air Canada experiencing technical issue affecting airport operations Air Canada experiencing technical issue affecting airport operations
- May 31, 2019

YVR spokesman Brock Penner advised Air Canada passengers Wednesday to check their flight status on yvr.ca and leave extra time for check-in and bagging processing. The incident caused huge lineups at Vancouver International Airport on Tuesday, and triggered a warning that some flights would likely be delayed or cancelled. (more...)
Low prices keep Huawei in the 5G game despite USA concerns Low prices keep Huawei in the 5G game despite USA concerns
- May 31, 2019

Huawei has filed a legal motion to try and reverse the against the 2019 National Defense Authorization Act, the ruling which blocked US government agencies from buying Huawei products . Huawei, whose USA headquarters is in Plano, Texas, said in Tuesday's motion that the US national defense law that punishes it as an alleged agent of Beijing's ruling Communist Party also violates its rights by presuming its guilt without a fair trial. (more...)
Alibaba may raise as much as $27.5 billion in Hong Kong listing Alibaba may raise as much as $27.5 billion in Hong Kong listing
- May 31, 2019

Alibaba in 2014 had abandoned Hong Kong as its favoured venue for listing and shifted eyes to NY when the city rejected its dual-class structure proposal. However, Hong Kong did not allow such IPOs until April 2018. -China trade war, a source close to the company told Variety . "If Alibaba were to seek a dual stock listing, it would be for long-term reasons", rather than because of something transient such as the U.S. (more...)
Trump to impose new tariffs on all Mexican goods over migrant crisis Trump to impose new tariffs on all Mexican goods over migrant crisis
- May 31, 2019

The president said the tariffs would be lifted "if the illegal migration crisis is alleviated through effective actions taken by Mexico ", which will "be determined in our sole discretion and judgment ". A volley of tariffs aimed at Mexico could further shake-up financial markets, considering that the country was the United States' largest trading partner in the first two months of the year - in part, due to the trade disputes with China. (more...)
Uber to Ban Riders With Consistently Low Ratings Uber to Ban Riders With Consistently Low Ratings
- May 30, 2019

Being a bad Uber rider can cost you access to the app. Uber, which is based in San Francisco, allows customers to book... That includes encouraging polite behavior, not trashing the vehicle, and shying away from asking drivers to exceed the speed limit (or, frankly, commit any sort of crime). (more...)
MacKenzie Bezos pledges to donate half of her wealth to charities MacKenzie Bezos pledges to donate half of her wealth to charities
- May 30, 2019

Well, we know who we're siding with in this split now! "In addition to whatever assets life has nurtured in me, I have a disproportionate amount of money to share", Bezos said on the Giving Pledge website . Pledges this year have come from hedge fund billionaire Paul Tudor Jones; Jeremy Grantham, who is co-founder of U.S. investment firm GMO; and Emirati businessman Sheikh Mohammed bin Musallam bin Ham Al Ameri. (more...)
Huawei chief legal officer comes out swinging at U.S. over blacklist Huawei chief legal officer comes out swinging at U.S. over blacklist
- May 30, 2019

Huawei is pressing on with its lawsuit against the United States, challenging the constitutionality of a USA law banning federal agencies from buying its products. He added that the recent USA measures on the company could be the start of a "fragmentation of technical standards and the global ecosystem", echoing claims by analysts that a technological cold war between the United States and China could separate the world into two mutually exclusive technological spheres. (more...)
Singapore, Malaysia, Vietnam Added to U.S. Currency Watchlist Singapore, Malaysia, Vietnam Added to U.S. Currency Watchlist
- May 30, 2019

As the economy matured, its investment needs eased while national saving rose, resulting in a current account surplus, the MAS added. India had a bilateral goods trade surplus with the United States totaling $23 billion over the four quarters through June 2018 but its current account was in deficit at 1.9 per cent of GDP, the Treasury department had said then. (more...)
US Fighter Jets And Missiles Are In China's Rare-Earth Firing Line US Fighter Jets And Missiles Are In China's Rare-Earth Firing Line
- May 30, 2019

Now the USA relies on China for about 80% of its rare earth metals , many of which are essential in applications such as wind turbines, EVs, smartphones and military equipment. Rare earth elements are also used in catalytic converters installed in most automobiles to curb air pollution. With Beijing gearing up to use its dominance of rare earths as a counter in its trade battle with Washington, Lynas shares leapt 37¢ to $2.76 and are now 51¢ above Wesfarmers' rejected $2.25-a-share cash ... (more...)
Huawei to ask USA court to throw out federal ban Huawei to ask USA court to throw out federal ban
- May 29, 2019

A second set of packages on May 21 were almost diverted; those were coming from Huawei offices in Hanoi, Vietnam, and going to Singapore and Hong Kong, but FedEx instead returned them to their sender with a "delivery exception" message. companies without U.S. government approval. FedEx did not provide an explanation for what the "delivery exception" was in this case. While FedEx did attempt to contact Huawei's Hanoi offices about the delay and the packages' return, a Huawei representative ... (more...)
Employee Finds Snake In Shopping Cart At North Texas Walmart
- May 28, 2019

The cart attendant found a large rat snake intertwined between a group of shopping carts sitting in a return area. Police said resident John Heckaman, also known as "The Snake Charmer", saved the day and helped get the snake out of the cart and into the wild. (more...)
Memorial Day ceremony planned Memorial Day ceremony planned
- May 28, 2019

A ceremony will follow at the cemetery, and lunch will be served at Town Hall at noon . "On Nov. 11, 1932, the day after the first lighting of the tower, the Adams American Legion held an informal observance on the Val-ley Street athletic field in town". (more...)
Nationalists surge in EU Parliament vote, but pro-EU parties remain dominant Nationalists surge in EU Parliament vote, but pro-EU parties remain dominant
- May 27, 2019

Following the declaration in Haverfordwest on Sunday night, Nathan Gill said the result was a "very strong message from Wales - we want our Brexit and we want it now". Who were the winners and losers? Spain and Portugal are the only major cases where the S&D is dominant in Europe, with Spanish Prime Minister Pedro Sanchez celebrating his party topping the polls, a result he will likely use to wield more influence in the bloc. (more...)
Renault And Fiat Chrysler Automobiles May Announce Merger On Monday Renault And Fiat Chrysler Automobiles May Announce Merger On Monday
- May 27, 2019

FCA reported a 29 percent decline in first-quarter operating profit as sales and margins weakened in its North American profit centre. Earlier this year FCA Chairman John Elkann - a member of Italy's Agnelli dynasty that controls the company - stressed the family's commitment to the automotive industry. (more...)
Fiat Chrysler proposes merger with Renault Fiat Chrysler proposes merger with Renault
- May 27, 2019

With these sensitivities in mind, FCA proposed an all-share merger of equals under a listed Dutch holding company. However, most of FCA's European plants are running below 50% capacity. The likeliest scenario will be a loose partnership for them to compete globally, according to Arifumi Yoshida, an analyst at Citigroup Global Markets Japan Inc. (more...)
Naresh Goyal, wife deplaned from Emirates flight headed to London Naresh Goyal, wife deplaned from Emirates flight headed to London
- May 27, 2019

The couple were taken into custody by immigration officers, the Indian Express reported, citing sources. While a statement from Emirates was awaited, Goyal could not be reached for a comment. Government officials in the Capital said that often, immigration authorities are alerted about lookout notices in the pipeline and they act on the basis of these alerts. (more...)
Huawei Banned From The Wi-Fi Alliance: No More Wi-Fi Huawei Banned From The Wi-Fi Alliance: No More Wi-Fi
- May 26, 2019

Notably, SD and microSD cards will continue to work on existing Huawei mobiles and laptops, however, the removal from the group means the future Huawei products will not be able to use the standard. Qualcomm and others have already stopped supplying chips to Huawei following the US Government ban , so that's not a surprise either. Last October, Huawei unveiled its own proprietary system for expandable storage using its " NM Cards ". (more...)
Facebook plans its own crypto-currency GlobalCoin Facebook plans its own crypto-currency GlobalCoin
- May 26, 2019

In a public interview with Harvard Law professor Jonathan Zittrain in February, Facebook CEO Mark Zuckerberg said he is "potentially interested" in putting the Facebook login on the Blockchain technology. In the United Kingdom, the FCA, HM Treasury and the Bank of England are all consulting on regulatory treatment of cryptoassets, and exploring whether legislative change is necessary. (more...)
This tall Honda Civic Type R is built to go rallying This tall Honda Civic Type R is built to go rallying
- May 26, 2019

To help ensure the auto successfully applies this added performance to the road, the Type R has been fitted with Eibach Pro performance suspension springs, adjustable anti rolls bars and Dunlop DZ03G track day tyres too. From the looks of it, one might find it hard to replace the flowing razor sharp lines of the Civic Type R with as muscular theme as the one shown in this concept. (more...)
Federal Reserve unlikely to raise rates in 2019 Federal Reserve unlikely to raise rates in 2019
- May 26, 2019

At the two-day meeting ending May 1, the Fed policymakers made a decision to keep the federal funds rate unchanged. Earlier Kaplan also said USA bond markets are "flirting" with a yield curve inversion that could signal slower economic growth ahead. (more...)