Markets
South Korea's Moon Denounces Japanese Comments Over Sanctions
- July 11, 2019
South Korea's trade minister on Tuesday said an inspection of companies that process and export the chemicals imported from Japan found no sign of illegal transactions allowing them to reach North Korea or any other country affected by United Nations sanctions. (more...)
- July 11, 2019
South Korea's trade minister on Tuesday said an inspection of companies that process and export the chemicals imported from Japan found no sign of illegal transactions allowing them to reach North Korea or any other country affected by United Nations sanctions. (more...)
Powell: Trade War, Global Weakness 'Weigh On The US Economic Outlook'
- July 11, 2019
Investors expect the Fed will cut its benchmark rate, now in a range between 2.25% and 2.5%, by a quarter percentage point at its 30-31 July meeting. Powell made no mention of the president's criticism in his prepared testimony, but he did thank Congress for the "independence" it has given the central bank to operate. (more...)
- July 11, 2019
Investors expect the Fed will cut its benchmark rate, now in a range between 2.25% and 2.5%, by a quarter percentage point at its 30-31 July meeting. Powell made no mention of the president's criticism in his prepared testimony, but he did thank Congress for the "independence" it has given the central bank to operate. (more...)
Flowers Foods recalls hamburger and hot dog bun products
- July 11, 2019
It has not received any reports of injury or illness due to the recall . The affected buns were sold under brand names including Great Value, 7-Eleven, Home Pride, IGA, Publix and Wonder. They were sold at stores including Aldi, Dollar General, Sam's Club, Target, and Walmart. If you do, consumers are told to discard the buns or return them to the store for a full refund. (more...)
- July 11, 2019
It has not received any reports of injury or illness due to the recall . The affected buns were sold under brand names including Great Value, 7-Eleven, Home Pride, IGA, Publix and Wonder. They were sold at stores including Aldi, Dollar General, Sam's Club, Target, and Walmart. If you do, consumers are told to discard the buns or return them to the store for a full refund. (more...)
Flights Resume At London's Gatwick Airport After "Control Systems Issue"
- July 11, 2019
The exact problem has not been revealed. The unspecified issues began around 5 p.m., prompting airport officials to cancel 28 flights and divert another 26 to other airports. Britain's second-biggest air hub restarted landings and take-offs around 7:00 pm local time (1800 GMT) but warned passengers to check flight information with their airlines. (more...)
- July 11, 2019
The exact problem has not been revealed. The unspecified issues began around 5 p.m., prompting airport officials to cancel 28 flights and divert another 26 to other airports. Britain's second-biggest air hub restarted landings and take-offs around 7:00 pm local time (1800 GMT) but warned passengers to check flight information with their airlines. (more...)
Terrifying moment aircraft engine breaks mid-flight - but were passengers at risk?
- July 10, 2019
It started slowing down a little bit and it was getting hot. Passengers on board Delta Flight 1425 watched with horror on Monday as the nose cone from their plane spun around one of its engine turbines in the middle of a trip from Atlanta to Baltimore. (more...)
- July 10, 2019
It started slowing down a little bit and it was getting hot. Passengers on board Delta Flight 1425 watched with horror on Monday as the nose cone from their plane spun around one of its engine turbines in the middle of a trip from Atlanta to Baltimore. (more...)
Eurozone downgrades growth forecasts as global trade tensions rise
- July 10, 2019
However, the short-term outlook for the European economy is diminished by external factors, including global trade tensions and significant political uncertainty. Pierre Moscovici , EU Commissioner for Economic and Financial Affairs, told a news conference "the European economy continues to expand against a hard global backdrop". (more...)
- July 10, 2019
However, the short-term outlook for the European economy is diminished by external factors, including global trade tensions and significant political uncertainty. Pierre Moscovici , EU Commissioner for Economic and Financial Affairs, told a news conference "the European economy continues to expand against a hard global backdrop". (more...)
Fed rate cut appears likely as Jay Powell prepares to address Congress
- July 10, 2019
Some economists have suggested that if the Fed surprises the markets late this month by choosing not to cut rates, it might be because Powell and other Fed policymakers don't want to be seen as having caved to Trump's relentless pressure. "The Fed's consideration of rate cuts is not only about growth but also about inflation, which remains well below target, and inflation expectations, which were breaking to the downside before the Fed signalled the likelihood of cuts". (more...)
- July 10, 2019
Some economists have suggested that if the Fed surprises the markets late this month by choosing not to cut rates, it might be because Powell and other Fed policymakers don't want to be seen as having caved to Trump's relentless pressure. "The Fed's consideration of rate cuts is not only about growth but also about inflation, which remains well below target, and inflation expectations, which were breaking to the downside before the Fed signalled the likelihood of cuts". (more...)
Supply draw, Gulf of Mexico storm push oil prices upward
- July 10, 2019
On Monday, the 8th of July 2019, Crude oil prices extended its Friday's (July 5th) rally, nearly entirely goaded by a mounting tension around Tehran's nuclear program alongside a better-than-anticipated USA employment figure. Last week, the API reported a draw of 5 million barrels . Saudi Arabia's cabinet on Tuesday commended the agreement of the OPEC+ grouping to extend oil production cuts until the end of the first quarter of 2020, the Saudi Press Agency reported. (more...)
- July 10, 2019
On Monday, the 8th of July 2019, Crude oil prices extended its Friday's (July 5th) rally, nearly entirely goaded by a mounting tension around Tehran's nuclear program alongside a better-than-anticipated USA employment figure. Last week, the API reported a draw of 5 million barrels . Saudi Arabia's cabinet on Tuesday commended the agreement of the OPEC+ grouping to extend oil production cuts until the end of the first quarter of 2020, the Saudi Press Agency reported. (more...)
Bank of Canada leaves key interest rate unchanged
- July 10, 2019
However, the Canadian dollar is slightly insulated from the worst of the broad US dollar moves against the G-10 majors thanks to rising West Texas Intermediate oil prices.Oil prices have increased from last week's $56.10 U.S./barrel low to $58.16 this morning due to fresh fears of crude supply disruptions from the Middle East.Last week's seizure of a Panamanian flagged oil tanker filled with Iran crude by the United Kingdom and subsequent threats of reprisals by Iran, underpinned prices. (more...)
- July 10, 2019
However, the Canadian dollar is slightly insulated from the worst of the broad US dollar moves against the G-10 majors thanks to rising West Texas Intermediate oil prices.Oil prices have increased from last week's $56.10 U.S./barrel low to $58.16 this morning due to fresh fears of crude supply disruptions from the Middle East.Last week's seizure of a Panamanian flagged oil tanker filled with Iran crude by the United Kingdom and subsequent threats of reprisals by Iran, underpinned prices. (more...)
IBM completes landmark $34 billion acquisition of Red Hat
- July 10, 2019
The deal would position IBM as the leading hybrid cloud computing company and will help it to ramp up its cloud computing business. "We think open source has become the de facto standard in technology because it enables these solutions". (more...)
- July 10, 2019
The deal would position IBM as the leading hybrid cloud computing company and will help it to ramp up its cloud computing business. "We think open source has become the de facto standard in technology because it enables these solutions". (more...)
NHS partners with Amazon's Alexa to provide health information
- July 10, 2019
Through simply asking Alexa questions about symptoms or treatments, the technology can provide qualified advice to users in the comfort of their own homes. This latest collaboration marks a further step into the healthcare arena with its Alexa technology for the online marketplace giant. Professor Helen Stokes-Lampard, chair of the Royal College of Global Positioning System, said the partnership has the potential to help some patients work out what kind of care they need before considering ... (more...)
- July 10, 2019
Through simply asking Alexa questions about symptoms or treatments, the technology can provide qualified advice to users in the comfort of their own homes. This latest collaboration marks a further step into the healthcare arena with its Alexa technology for the online marketplace giant. Professor Helen Stokes-Lampard, chair of the Royal College of Global Positioning System, said the partnership has the potential to help some patients work out what kind of care they need before considering ... (more...)
Cisco Systems to buy Acacia Communications for $2.6bn
- July 10, 2019
Serial acquirer Cisco's shares are now trading at normal average volumes at $56.49 up $0.30 (+0.53%). Cisco has announced its intent to acquire Acacia Communications . Cisco said the acquisition should help it tap into a trend from chassis-based optical systems to pluggable optics. Maynard, Massachusetts based Acacia, also a Cisco supplier, designs and manufactures high-speed, optical components, and counts telecom service providers and data center operators as customers. (more...)
- July 10, 2019
Serial acquirer Cisco's shares are now trading at normal average volumes at $56.49 up $0.30 (+0.53%). Cisco has announced its intent to acquire Acacia Communications . Cisco said the acquisition should help it tap into a trend from chassis-based optical systems to pluggable optics. Maynard, Massachusetts based Acacia, also a Cisco supplier, designs and manufactures high-speed, optical components, and counts telecom service providers and data center operators as customers. (more...)
Currencies, stocks look to Fed's Powell for clues on US rates
- July 10, 2019
Powell is set to testify Wednesday in what will be his first extensive public appearance since a strong June jobs report dampened expectations for aggressive Fed action. Australia's S&P/ASX 200 added 0.4% to 6,689.80. The cooling in U.S. rate fever has seen bonds give back just a little of their huge rally, with yields on two-year Treasuries rising to 1.909 percent from the recent trough of 1.696 percent. (more...)
- July 10, 2019
Powell is set to testify Wednesday in what will be his first extensive public appearance since a strong June jobs report dampened expectations for aggressive Fed action. Australia's S&P/ASX 200 added 0.4% to 6,689.80. The cooling in U.S. rate fever has seen bonds give back just a little of their huge rally, with yields on two-year Treasuries rising to 1.909 percent from the recent trough of 1.696 percent. (more...)
China CPI Steady At 2.7% On Year In June
- July 10, 2019
The producer price index (PPI), which tracks the prices of goods circulated among manufacturers and mining companies, posted zero year-on-year growth in June, down from a 0.6% increase in the previous month, NBS data showed (link in Chinese). (more...)
- July 10, 2019
The producer price index (PPI), which tracks the prices of goods circulated among manufacturers and mining companies, posted zero year-on-year growth in June, down from a 0.6% increase in the previous month, NBS data showed (link in Chinese). (more...)
Libra must be regulated: China’s central bank, PBOC official
- July 10, 2019
Last month, Facebook unveiled plans for Libra . Huang Yiping, director of the Digital Finance Research Center of Peking University and a former member of the PBOC monetary committee, said the birth of Libra serves as an "alert" for China's digital currency innovators and regulators . (more...)
- July 10, 2019
Last month, Facebook unveiled plans for Libra . Huang Yiping, director of the Digital Finance Research Center of Peking University and a former member of the PBOC monetary committee, said the birth of Libra serves as an "alert" for China's digital currency innovators and regulators . (more...)
The 2020 MINI Cooper SE isn’t going to win over EV critics
- July 10, 2019
In Europe, the SE will have a range of 146 to 168 miles, but U.S. EPA figures have yet to be announced . Now on to the important details: the Mini Electric is equipped with a 32.6kWh battery, with BMW's latest 135kW motor powering the front wheels. (more...)
- July 10, 2019
In Europe, the SE will have a range of 146 to 168 miles, but U.S. EPA figures have yet to be announced . Now on to the important details: the Mini Electric is equipped with a 32.6kWh battery, with BMW's latest 135kW motor powering the front wheels. (more...)
Burger King debuts new $1 taco nationwide
- July 09, 2019
Setting you back £3.99 for a single burger (£5.99 as a meal), or £5.49 for the double (and £7.49 as a meal), the halloumi burger launches in Burger King stores nationwide from today. It's also worthy to note that Burger King has been offering tacos on the west coast for several years. Halloumi has long-been a popular meat-free alternative for vegetarians and according to The Mirror , the United Kingdom is now considered one of halloumi's biggest importers, consuming over 2,000 tonnes of ... (more...)
- July 09, 2019
Setting you back £3.99 for a single burger (£5.99 as a meal), or £5.49 for the double (and £7.49 as a meal), the halloumi burger launches in Burger King stores nationwide from today. It's also worthy to note that Burger King has been offering tacos on the west coast for several years. Halloumi has long-been a popular meat-free alternative for vegetarians and according to The Mirror , the United Kingdom is now considered one of halloumi's biggest importers, consuming over 2,000 tonnes of ... (more...)
France will implement an 'ecotax' on plane tickets from 2020 | AP business
- July 09, 2019
Borne said the tax would be calculated progressively, starting at a €1.50 ($1.68) per ticket on domestic and intra-European flights, rising to as much as €18 on a business-class seat to a non-EU destination. Limousin said tax exemptions for jet plane kerosene fuel cost French taxpayers more than €3.7 billion per year. The airline industry is also introducing its own initiatives to try and reduce pollution. (more...)
- July 09, 2019
Borne said the tax would be calculated progressively, starting at a €1.50 ($1.68) per ticket on domestic and intra-European flights, rising to as much as €18 on a business-class seat to a non-EU destination. Limousin said tax exemptions for jet plane kerosene fuel cost French taxpayers more than €3.7 billion per year. The airline industry is also introducing its own initiatives to try and reduce pollution. (more...)
Plush Toy Story 4
- July 09, 2019
Approximately 80,000 toys were sold in the United States, while an additional 650 were sold in Canada. In a statement , Disney said: "We have chose to voluntarily recall the 11 inch Forky plush due to a manufacturing defect that could potentially pose a choking hazard to children under three". (more...)
- July 09, 2019
Approximately 80,000 toys were sold in the United States, while an additional 650 were sold in Canada. In a statement , Disney said: "We have chose to voluntarily recall the 11 inch Forky plush due to a manufacturing defect that could potentially pose a choking hazard to children under three". (more...)
Richard Branson's Virgin Galactic plans to go public
- July 09, 2019
In December, Virgin Galactic's tourism spaceship climbed 51 miles (82 kilometers) above California's Mojave Desert, reaching for the first time what the company considers the boundary of space. By merging with a listed entity, Virgin will bypass the need for an initial public offering, avoiding a costly investor roadshow and the challenge of selling shares in a company whose plans were put on hold for four years in 2014 after a space-plane broke up mid-flight, killing one pilot and injuring ... (more...)
- July 09, 2019
In December, Virgin Galactic's tourism spaceship climbed 51 miles (82 kilometers) above California's Mojave Desert, reaching for the first time what the company considers the boundary of space. By merging with a listed entity, Virgin will bypass the need for an initial public offering, avoiding a costly investor roadshow and the challenge of selling shares in a company whose plans were put on hold for four years in 2014 after a space-plane broke up mid-flight, killing one pilot and injuring ... (more...)
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European governments move to veto Facebook's Libra