Markets
GM Recall 2019: 3.4 Million Trucks and SUVs Recalled Over Brake Issues
- September 13, 2019
As the vehicles grow older, the pump may not produce sufficient vacuum power, which could increase the stopping distance, and increase the risk of a crash. "In rare circumstances, these vehicles may have a condition in which the engine-mounted mechanical vacuum pump output may decrease over time, decreasing the amount of vacuum/power brake assist". (more...)
- September 13, 2019
As the vehicles grow older, the pump may not produce sufficient vacuum power, which could increase the stopping distance, and increase the risk of a crash. "In rare circumstances, these vehicles may have a condition in which the engine-mounted mechanical vacuum pump output may decrease over time, decreasing the amount of vacuum/power brake assist". (more...)
European Central Bank cuts key rate, to restart bond buybacks
- September 13, 2019
And the Fed sits, and sits, and sits. The ECB is one of five central banks now operating with negative deposit rates, along with central banks in Switzerland, Denmark, Sweden and Japan. The ongoing spat has dented its manufacturing sector in particular, as factories have been hit by falling orders. Mr Draghi is due to make way for incoming ECB President Christine Lagarde on 1 November. (more...)
- September 13, 2019
And the Fed sits, and sits, and sits. The ECB is one of five central banks now operating with negative deposit rates, along with central banks in Switzerland, Denmark, Sweden and Japan. The ongoing spat has dented its manufacturing sector in particular, as factories have been hit by falling orders. Mr Draghi is due to make way for incoming ECB President Christine Lagarde on 1 November. (more...)
Retail inflation rose to 3.21% in August - the highest in 10 months
- September 12, 2019
This is the highest level recorded in the past ten months since October 2018. The etail inflation rate rose to 3.21 percent in August, driven by higher food prices , the government said on Thursday. According to data released by the Ministry of Statistics and Programme Implementation, industrial output grew at 3.3 percent in April-July period this fiscal, down from 5.4 percent growth in the same period a year ago. (more...)
- September 12, 2019
This is the highest level recorded in the past ten months since October 2018. The etail inflation rate rose to 3.21 percent in August, driven by higher food prices , the government said on Thursday. According to data released by the Ministry of Statistics and Programme Implementation, industrial output grew at 3.3 percent in April-July period this fiscal, down from 5.4 percent growth in the same period a year ago. (more...)
US consumer prices up slight 0.1% in August
- September 12, 2019
Echoing similar sentiments, Devendra Kumar Pant, Chief Economist with India Ratings & Research, said that with first quarter GDP growth falling to 5 per cent and private final consumption expenditure growth declining to 3.1 per cent, the pressure will be on the RBI to take monetary measures to support growth. (more...)
- September 12, 2019
Echoing similar sentiments, Devendra Kumar Pant, Chief Economist with India Ratings & Research, said that with first quarter GDP growth falling to 5 per cent and private final consumption expenditure growth declining to 3.1 per cent, the pressure will be on the RBI to take monetary measures to support growth. (more...)
European Central Bank lowers deposit rate to minus 0.5 percent
- September 12, 2019
The deposit facility rate, paid by banks on reserves parked at the ECB, was already negative, but has now been cut from minus 0.4% to minus 0.5%. ECB policymakers met at the bank's headquarters in Frankfurt on Thursday. Trump took the move as a cue to lash out at the US Federal Reserve on Twitter . While the European Central Bank has a target for inflation of below, but close to, 2% over the medium term, inflation has remained muted amid weaker economic growth. (more...)
- September 12, 2019
The deposit facility rate, paid by banks on reserves parked at the ECB, was already negative, but has now been cut from minus 0.4% to minus 0.5%. ECB policymakers met at the bank's headquarters in Frankfurt on Thursday. Trump took the move as a cue to lash out at the US Federal Reserve on Twitter . While the European Central Bank has a target for inflation of below, but close to, 2% over the medium term, inflation has remained muted amid weaker economic growth. (more...)
Pound Euro exchange rate: GBP/EUR slumps as European Central Bank announces fresh stimulus package
- September 12, 2019
The ECB also eased the terms of its long term loans to banks and introduced a tiered deposit rate to help banks. The president tweeted: " European Central Bank , acting quickly, Cuts Rates 10 Basis Points". Eurozone inflation remains well below its 2% target. Altium Wealth Portfolio Manager Michael Lee on the implications of an European Central Bank rate cut. (more...)
- September 12, 2019
The ECB also eased the terms of its long term loans to banks and introduced a tiered deposit rate to help banks. The president tweeted: " European Central Bank , acting quickly, Cuts Rates 10 Basis Points". Eurozone inflation remains well below its 2% target. Altium Wealth Portfolio Manager Michael Lee on the implications of an European Central Bank rate cut. (more...)
Crude oil futures fall on low demand
- September 12, 2019
He is due to attend an OPEC ministers meeting on Thursday when the cartel will review its production cut arrangement with several non-OPEC states, notably Russian Federation, which appears to have provided some support for prices. Lipow Oil Associates President Andy Lipow on the outlook for oil prices. "Very important that OPEC increase the flow of Oil". The concessions also preceded a planned meeting in coming days aimed at defusing the long-running trade row between the world's two ... (more...)
- September 12, 2019
He is due to attend an OPEC ministers meeting on Thursday when the cartel will review its production cut arrangement with several non-OPEC states, notably Russian Federation, which appears to have provided some support for prices. Lipow Oil Associates President Andy Lipow on the outlook for oil prices. "Very important that OPEC increase the flow of Oil". The concessions also preceded a planned meeting in coming days aimed at defusing the long-running trade row between the world's two ... (more...)
China welcomes Trump's 'goodwill' act to delay tariffs ahead of trade talks
- September 12, 2019
The series of tariffs on a large number of products the USA and China buy from each other has rattled investors and made consumers uneasy with the outlook of higher prices. Both nations will increase some of them again on December 15 unless there is a breakthrough. In a tweet , Mr Trump said a 5% increase to duties scheduled for 1 October will be postponed for two weeks. (more...)
- September 12, 2019
The series of tariffs on a large number of products the USA and China buy from each other has rattled investors and made consumers uneasy with the outlook of higher prices. Both nations will increase some of them again on December 15 unless there is a breakthrough. In a tweet , Mr Trump said a 5% increase to duties scheduled for 1 October will be postponed for two weeks. (more...)
Oil hits six-week high on hopes of extended OPEC cuts
- September 12, 2019
The Opec+ alliance has committed to curb production by 1.2 million barrels per day through March 2020, with Saudi Arabia accounting for the largest cut within the 800,000 Bpd Opec target. "What they look like at the end is going to be a subject of negotiation, but as we move forward with U.S. technology in particular, we are very much committed to finding an appropriate 123 with Saudi Arabia". (more...)
- September 12, 2019
The Opec+ alliance has committed to curb production by 1.2 million barrels per day through March 2020, with Saudi Arabia accounting for the largest cut within the 800,000 Bpd Opec target. "What they look like at the end is going to be a subject of negotiation, but as we move forward with U.S. technology in particular, we are very much committed to finding an appropriate 123 with Saudi Arabia". (more...)
Watch Tesla's Model S set a record lap at Laguna Seca
- September 12, 2019
Musk didn't explicitly say Tesla was trying to beat the Porsche's record, but that seemed to be the implication. Our spies spotted a very aggressive-looking Tesla Model S P100D , complete with wide fenders, fat tires on lightweight wheels and reportedly a roll cage fitted, surrounded by a team of engineers on the Nurburgring. (more...)
- September 12, 2019
Musk didn't explicitly say Tesla was trying to beat the Porsche's record, but that seemed to be the implication. Our spies spotted a very aggressive-looking Tesla Model S P100D , complete with wide fenders, fat tires on lightweight wheels and reportedly a roll cage fitted, surrounded by a team of engineers on the Nurburgring. (more...)
Trump mulls $15b bailout plan for Iran if complies with nuclear deal
- September 12, 2019
But his remarks came the day Trump ousted his national security adviser, John Bolton, for among other reasons opposing Trump's openness to diplomatic engagement with Iran. But with the increasing pressure of sanctions, which would also penalise Iran's trade partners if they did not abide by the USA measures, Iran began to breach parts of its commitment to limit its nuclear activities. (more...)
- September 12, 2019
But his remarks came the day Trump ousted his national security adviser, John Bolton, for among other reasons opposing Trump's openness to diplomatic engagement with Iran. But with the increasing pressure of sanctions, which would also penalise Iran's trade partners if they did not abide by the USA measures, Iran began to breach parts of its commitment to limit its nuclear activities. (more...)
Trump calls on Fed to cut interest rates to zero 'or less'
- September 12, 2019
Just last month, the president told reporters he doesn't want negative rates in the US, Reuters reports. The idea is flawed. In late July, the Fed lowered the target range for its overnight lending rate to 2 to 2.25 percent, the first rate cut in more than 10 years. (more...)
- September 12, 2019
Just last month, the president told reporters he doesn't want negative rates in the US, Reuters reports. The idea is flawed. In late July, the Fed lowered the target range for its overnight lending rate to 2 to 2.25 percent, the first rate cut in more than 10 years. (more...)
President Trump's criticism of polls aligns with researchers advice
- September 12, 2019
Sixty percent also said they were concerned that the tit-for-tat tariff and trade battle between the USA and China will raise the cost of consumer goods. Dan Bishop, down big in the Polls, WINS. "There's something going on at Fox, I'll tell you right now", Trump told reporters last month. The approval rating for the president in relation to the economy also dipped down below half to 48 percent, while his approval for other policies sank below the 40s. (more...)
- September 12, 2019
Sixty percent also said they were concerned that the tit-for-tat tariff and trade battle between the USA and China will raise the cost of consumer goods. Dan Bishop, down big in the Polls, WINS. "There's something going on at Fox, I'll tell you right now", Trump told reporters last month. The approval rating for the president in relation to the economy also dipped down below half to 48 percent, while his approval for other policies sank below the 40s. (more...)
China Exempts 16 Types of US Goods from Additional Duties
- September 11, 2019
The exemptions, effective from September 17 to September 16 2020, will cover 16 categories of products worth about US$1.65 billion, according to Bloomberg calculations based on China's 2018 trade data. -China relations, including trade, the chamber said in a statement . With more USA tariff increases on the way, China is unlikely to pare back its response by exempting soybeans and autos. (more...)
- September 11, 2019
The exemptions, effective from September 17 to September 16 2020, will cover 16 categories of products worth about US$1.65 billion, according to Bloomberg calculations based on China's 2018 trade data. -China relations, including trade, the chamber said in a statement . With more USA tariff increases on the way, China is unlikely to pare back its response by exempting soybeans and autos. (more...)
California Assembly Passes SB 206 -Next Stop, Governor Newsom's Desk
- September 11, 2019
The assembly passed the bill 66-0 on Monday. Should all parties pass the bill-or if Newsom decides not to vote-it will go into effect on January 1, 2023. The state Senate overwhelmingly voted 31-5 in favor to pass the bill in May, but since it has been amended since then, it will soon go back for a vote in California's Senate where it is expected to pass. (more...)
- September 11, 2019
The assembly passed the bill 66-0 on Monday. Should all parties pass the bill-or if Newsom decides not to vote-it will go into effect on January 1, 2023. The state Senate overwhelmingly voted 31-5 in favor to pass the bill in May, but since it has been amended since then, it will soon go back for a vote in California's Senate where it is expected to pass. (more...)
Hong Kong Exchange proposes $36B takeover of London Stock Exchange
- September 11, 2019
HKEX said in a statement on September 11 that it has made an offer worth 8,361 pence a share to combine the two companies. Investors seemed sceptical, with LSE's shares rising 5.6% to 7,182p in late morning on Wednesday, well off HKEX's offer price. (more...)
- September 11, 2019
HKEX said in a statement on September 11 that it has made an offer worth 8,361 pence a share to combine the two companies. Investors seemed sceptical, with LSE's shares rising 5.6% to 7,182p in late morning on Wednesday, well off HKEX's offer price. (more...)
What’s causing auto industry slowdown? Millennials, among other things: FM Sitharaman
- September 11, 2019
In other measures, while briefing reporters on the "100 days of initiatives and decisive actions taken by the Government", Sitharaman said the Centre has set up a task force to boost investments in infrastructure projects and was in the process of identifying the sectors which needed funding from the Centre. (more...)
- September 11, 2019
In other measures, while briefing reporters on the "100 days of initiatives and decisive actions taken by the Government", Sitharaman said the Centre has set up a task force to boost investments in infrastructure projects and was in the process of identifying the sectors which needed funding from the Centre. (more...)
Tesla driver, passenger appear to be asleep on MA highway
- September 11, 2019
He didn't contact the police about the incident, even though he had the video to backup his story . Neither of the pair responded to other drivers honking their horns at them. At highway speeds, drivers typically receive warnings every 30 seconds or less if their hands aren't detected on the wheel", the Tesla spokesperson said. (more...)
- September 11, 2019
He didn't contact the police about the incident, even though he had the video to backup his story . Neither of the pair responded to other drivers honking their horns at them. At highway speeds, drivers typically receive warnings every 30 seconds or less if their hands aren't detected on the wheel", the Tesla spokesperson said. (more...)
Brexit: Voters must have 'Leave' option - Corbyn
- September 11, 2019
While Labour's Jeremy Corbyn has persistently called for a general election in recent years, and particularly since Boris Johnson became Prime Minister - accusing him of having no electoral mandate - he quickly changed his mind when the PM agreed there should be a snap vote last week, deciding that now was not the time. (more...)
- September 11, 2019
While Labour's Jeremy Corbyn has persistently called for a general election in recent years, and particularly since Boris Johnson became Prime Minister - accusing him of having no electoral mandate - he quickly changed his mind when the PM agreed there should be a snap vote last week, deciding that now was not the time. (more...)
Here’s what’s on Wendy’s new breakfast menu
- September 11, 2019
Wendy's , which now sells breakfast at 300 restaurants, said they will hire about 20,000 people as part of the $20 million expansion. However, it's going to be an expensive The company plans to hire roughly 20,000 new workers for the initiative. (more...)
- September 11, 2019
Wendy's , which now sells breakfast at 300 restaurants, said they will hire about 20,000 people as part of the $20 million expansion. However, it's going to be an expensive The company plans to hire roughly 20,000 new workers for the initiative. (more...)
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