Markets


Qantas Has Just Announced Massive Changes To Its Frequent Flyer Program Qantas Has Just Announced Massive Changes To Its Frequent Flyer Program
- June 22, 2019

Some years back, the prospect of 40,000 bonus Qantas points being offered on a new credit card was quite a compelling prospect. "These changes are about making it easier for members to access those rewards and help to keep them highly engaged, which in turn is good news for our business as a whole". (more...)
US Senate schedules July hearing for Facebook's Libra crypto US Senate schedules July hearing for Facebook's Libra crypto
- June 21, 2019

On Wednesday, U.S. Federal Reserve (Fed) chairman Jerome Powell confirmed at a press conference that Facebook met with the central bank from the run-up to the unveiling of the Libra project. Facebook said there are already a number of major companies backing the new financial system, which will compete with others like bitcoin - including MasterCard, Uber, PayPal, eBay and Spotify. (more...)
Apple says USA tariffs on China would backfire Apple says USA tariffs on China would backfire
- June 21, 2019

According to sources, Mexico, India, Vietnam, Indonesia, and Malaysia, are all countries being considered by Apple as a possible production location. Earlier this month, credit rating agency Fitch said it views Apple , Dell Technologies Inc and HP Inc as potential blacklist candidates if China blacklists USA companies in retaliation for restrictions on Huawei. (more...)
Oil Finds Support on Tighter US Supplies, Robust Gas Demand Oil Finds Support on Tighter US Supplies, Robust Gas Demand
- June 21, 2019

Brent crude futures settled at $61.82 a barrel, shedding 32 cents, or 0.5%. On Wednesday, the 19th of June 2019, both United Kingdom and USA crude oil futures prices had extended gains over renewed hope of a resolution of the ten-month-long grueling trade spat between U.S. (more...)
Asian currencies and Gold pounce on Fed's easing bias Asian currencies and Gold pounce on Fed's easing bias
- June 20, 2019

IMO, FED needs to cut the rates due to too much USA debt. The S&P 500 index jumped as much as 1pc to hit an intraday record high of 2,956.20, edging past May's all-time peak, as the price of gold leapt to a five-year high and government bond yields continued to tumble. (more...)
UK, China: Joint London and Shanghai Stock Program Launches on Both Exchanges UK, China: Joint London and Shanghai Stock Program Launches on Both Exchanges
- June 20, 2019

The first global depositary receipts available to buy are from Huatai Securities - no, that's Hua-tai - a Chinese investment and broking firm which counts Alibaba among its major investors. The system aims to reduce risks caused by fluctuating currencies, time differences or regulatory anomalies encountered by investing directly on another country's stock market. (more...)
Air Serbia, Croatia Airlines and Adria among Europe's best Air Serbia, Croatia Airlines and Adria among Europe's best
- June 20, 2019

Lufthansa was the only European airline to make the top 10 ranking, coming in ninth place. Taiwan's EVA Air was ranked the world's cleanest airline. "As a customer-focused and market-driven airline, we always strive to meet and exceed customers' expectations through our signature service and world-class products". (more...)
U.N: Evidence suggests Saudi Crown Prince is liable for Khashoggi murder U.N: Evidence suggests Saudi Crown Prince is liable for Khashoggi murder
- June 20, 2019

What I can conclude is that there is sufficient evidence requiring for us to act with due diligence, and to undertake the criminal investigation into individual liability. The report detailed at length the power structure in the kingdom, which in nearly all cases emanates downward from the office of the crown prince. Agnes Callamard, the United Nations special rapporteur on extrajudicial executions, called for countries to widen sanctions to include the Crown Prince and his personal ... (more...)
Fed votes to hold interest rates steady, angering Trump allies Fed votes to hold interest rates steady, angering Trump allies
- June 20, 2019

But the Fed said "uncertainties" about the economic outlook had increased, signalling there may be rate rises to come in the near future. Almost half of the members of the Fed's rate-setting body see a rate cut this year, the bank indicated. (more...)
Facebook to launch new cryptocurrency, called Libra Facebook to launch new cryptocurrency, called Libra
- June 20, 2019

What is Libra and where will it be stored? That means you won't receive a physical note or coin when buying the currency. That's a departure from bitcoin and other virtual currencies whose value can fluctuate wildly. Facebook's venture into cryptocurrency might be unique for this particular technology, but it certainly is not the first time a company tried to venture into an exciting field that was not its primary business. (more...)
President Trump: 'Radical Democrats' driven by hatred, don't care about United States voters President Trump: 'Radical Democrats' driven by hatred, don't care about United States voters
- June 19, 2019

The choice was "Make America Great" vs. "Keep America Great". While the Trump Campaign reportedly paid $5,000 at the time to use the El Paso County Coliseum, an invoice picked up by The El Paso Times shows the campaign owes about $380,000 to the city's police department, $60,000 to the fire department, and other costs going toward public maintenance. (more...)
Draghi sees prospect of more European Central Bank stimulus amid weak inflation Draghi sees prospect of more European Central Bank stimulus amid weak inflation
- June 19, 2019

The ECB chief admitted that " additional stimulus will be required " if the economic outlook for the stuttering region did not improve. The euro fell on the comments and was down 0.2 per cent to $1.1196 as of 10:14 a.m. In a sign that discussions on policy action are becoming more formal within the ECB, Draghi said the Governing Council will in the coming weeks review how their tools can be used to tackle risks to price stability. (more...)
'Sell Bitcoin... buy Libra' - should you invest in Facebook's new digital currency? 'Sell Bitcoin... buy Libra' - should you invest in Facebook's new digital currency?
- June 19, 2019

Here's what Facebook users need to know about Facebook's digital currency. Is Facebook entirely in charge of Libra? The association is a non-profit, Geneva-based group that will govern the currency. The Swiss financial watchdog said it was in contact with the initiators of the Libra project but declined to comment on whether it was obtaining specific regulatory permission or status. (more...)
Boeing executives apologise over deadly air crashes Boeing executives apologise over deadly air crashes
- June 19, 2019

A grounded Boeing 737 MAX 8 passenger plane of the Norwegian low-priced airline Norwegian is parked at the tarmac at Vantaa airport in Vantaa near Helsinki, Finland on March 13, 2019. Several executives at the Paris Air Show vowed to improve transparency over plane safety in the wake of the 737 MAX crashes, while also pledging to reduce emissions for an industry increasingly in the public spotlight. (more...)
Amazon Says Ocasio-Cortez's 'Starvation Wages' Comment 'Just Wrong' Amazon Says Ocasio-Cortez's 'Starvation Wages' Comment 'Just Wrong'
- June 18, 2019

Rep. Alexandria Ocasio-Cortez (D-NY) may be the progressive left's favorite new Congresswoman, but according to a new poll released by Stop The AOC PAC, her constituents aren't fond of her. You would think a company that relies so heavily on taxpayer innovations would be more willing to contribute to our society, but you'd be wrong. "And all our employees get top-tier benefits". (more...)
PetSmart’s Chewy wends public at $1 billion blockbuster IPO PetSmart’s Chewy wends public at $1 billion blockbuster IPO
- June 16, 2019

And pets are more pampered: Americans spent $72.6 billion on their furry pals previous year, more than triple the amount spent two decades ago, according to the American Pet Products Association. Losses of $267.8 million in 2018 were narrower than the previous year by almost 21 percent. Jay Ritter, an IPO expert and professor at the University of Florida, however, is sceptical whether Chewy's valuation allows enough further upside potential for investors. (more...)
Oil rises on stronger financial markets, expectations of extended supply cuts Oil rises on stronger financial markets, expectations of extended supply cuts
- June 16, 2019

Oil prices tumbled 4% on Wednesday to their lowest settlements in almost five months, weakened by another unexpected rise in USA crude stockpiles and by a dimming outlook for global oil demand. EIA forecast global oil inventories will decline by 0.3 million barrels per day (b/d) in 2019 and then increase by 0.3 million b/d in 2020. U.S. crude oil imports from other OPEC members also declined following a November 2016 agreement by OPEC members and a number of non-OPEC producers to cut crude ... (more...)
Target takes on Amazon with same-day delivery for online orders Target takes on Amazon with same-day delivery for online orders
- June 16, 2019

Those who use Target's loyalty card will get a 5 percent discount. Target Corp . (NYSE: TGT ) unveiled a same-day delivery option on 65,000 online items in the latest chapter of the delivery wars between mega-retailers. The option will be incorporated into the Target app before peak season, according to CNBC. "With same-day delivery now available directly within the Target .com experience, we've made it even easier for our guests to shop at Target - while still getting the great ... (more...)
Facebook Collaborating With MasterCard, Visa, PayPal For Its Cryptocurrency Facebook Collaborating With MasterCard, Visa, PayPal For Its Cryptocurrency
- June 16, 2019

According to another report , Facebook has been planning to enlist around 100 companies as "nodes" in the network, so none of the company can have a stronger hold than the other on the digital currency, not even Facebook. Initial reports stated Facebook put out a call-and a $10 million (£7.4m) fee-for any third-party organisation interested in joining a consortium to manage its proposed cryptocurrency. (more...)
Instagram Went Down And Everyone Freaked Out Instagram Went Down And Everyone Freaked Out
- June 16, 2019

We're working quickly to fix the issue". According to the live map , the outage mostly affected the USA western state of California and the country's east cost, as well as Europe and large cities in Japan, South America and Australia. "We are now fully recovered and apologise for the inconvenience", an Instagram spokesperson said. Instagram has yet to share an update on today's outage and will probably not say much unless the servers remain offline for some time. (more...)

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