Markets


7th person dies of vaping-related illness as CDC ramps up investigation 7th person dies of vaping-related illness as CDC ramps up investigation
- September 19, 2019

CDC is also working with the U.S. Food and Drug Administration to collect information about e-cigarette product use, or vaping , among patients and test the substances or chemicals in the products used by patients. "We don't yet know the exact cause of these illnesses-whether they're caused by contaminants, ingredients in the liquid or something else, such as the device itself", said Ann Thomas, M.D., public health physician at OHA's Public Health Division. (more...)
France doubts Houthi claims over Saudi attack France doubts Houthi claims over Saudi attack
- September 19, 2019

Meanwhile, Yemen's Houthi rebels have claimed responsibility. A Saudi-led coalition has been battling Yemen's Iranian-backed Houthi rebels since March 2015. In early September, France proposed offering Iran about $15 billion in credit lines until year-end if Tehran comes fully back into compliance with the 2015 nuclear deal, but the whole arrangement would hinge on US approval. (more...)
Markets Right Now: Stocks fall further after Fed rate cut Markets Right Now: Stocks fall further after Fed rate cut
- September 19, 2019

The central bank also widened the gap between the interest it pays banks on excess reserves and the top of its policy rate range, a step taken to smooth out problems in money markets that prompted a market intervention by the New York Fed this week. (more...)
Saudi Arabia Says Aramco Drone Attacks Saudi Arabia Says Aramco Drone Attacks "Unquestionably" Sponsored By Iran
- September 18, 2019

Asked whether Paris considered the Saudi and USA analysis that Iran was behind the attack to be credible, the spokesperson responded: "We share the desire to carefully establish the facts before making any reaction". One US official told Reuters the attacks originated in south-west Iran. United Nations officials monitoring sanctions on Iran and Yemen were also heading to Saudi Arabia to investigate. (more...)
After Fed Enters Repo Operation, Odds of FOMC Rate Cut Now Questionable
- September 18, 2019

USA inflation, which has always been dormant, has begun to show signs that it is reaching the Fed's 2 percent target and might remain there. Against that backdrop, many experts predict the Fed will cut short-term rates by another quarter percentage point. (more...)
Sirius mine in North Yorkshire thrown into doubt Sirius mine in North Yorkshire thrown into doubt
- September 18, 2019

Sirius needed to raise US$500 million via a bond sale to secure a $2.5 billion loan facility from JP Morgan, which would have funded development of the project. "They're keen enough to give tax breaks to gambling bankers but won't lift a finger to help our industries". Meanwhile, Labour MP for Middlesbrough Andy McDonald tweeted: "Sirius is critical to Teesside's future and if government stands aside as they did with the Redcar Blast Furnace, they will never be forgiven". (more...)
US factory production rose at healthy pace in August - 47abc US factory production rose at healthy pace in August - 47abc
- September 18, 2019

A survey this month showed a measure of national manufacturing activity contracted in August for the first time since August 2016. The stronger-than-expected report on factory output comes as Federal Reserve officials meet in Washington for a two-day policy gathering. (more...)
Apple takes on EU's Competition Commissioner in record R205bn tax fight Apple takes on EU's Competition Commissioner in record R205bn tax fight
- September 18, 2019

The iPhone maker is appealing to Europe 's second-highest court to overturn the European Commission's 2016 ruling that it pay the record sum back to Ireland , which gave Apple tax breaks since the 1990s. A panel of five judges will hear arguments from Apple's Chief Financial Officer Luca Maestri, as well as Ireland, Luxembourg, Poland and the EFTA Surveillance Authority. (more...)
Saudi oil attacks set to hit air cargo prices
- September 17, 2019

AAA says that President Donald Trump has authorized the release of crude oil from the strategic petroleum reserve to help ease concerns throughout the process. Gas prices could soar but AAA workers say it is too early to tell how much. But Mr Trump said he had not made commitments to protect the Saudis . (more...)
Saudi Aramco to meet oil commitment to Asian refiners Saudi Aramco to meet oil commitment to Asian refiners
- September 17, 2019

Meanwhile, RHB Research said oil-related revenue, which was estimated to contribute 30.9 per cent to total government revenue this year, is expected to fall sharply in the absence of Petronas' RM30 billion special dividend and slightly lower crude oil prices. (more...)
Drone attack on Saudi oil units - MRPL unaffected for present Drone attack on Saudi oil units - MRPL unaffected for present
- September 17, 2019

President Trump tweeted on Sunday that the USA has "reason to believe" who attacked the facility, but it is waiting for Saudi Arabia to say who was responsible and share its response. "Amid all the calls for de-escalation, Iran has now launched an unprecedented attack on the world's energy supply". "The US can become such an alternative, [US President Donald] Trump made it clear when he wrote that the shipments of oil from the Middle East are not necessary", al-Azani said. (more...)
Condemnation of attacks on Saudi Aramco oil plants continue
- September 17, 2019

Donald Trump has said the USA response to the attack on Saudi oil facilities will depend on the assessment in Riyadh, the capital of Saudi Arabia, and downplayed U.S. In a tweet on Sunday, Trump declared the USA was "locked and loaded", but left it to the Saudi government to confirm Iranian involvement and the nature of the United States reaction, in an apparent bid to make the monarchy take full responsibility for any reprisal action. (more...)
Oil prices spike after attack on Saudi facility Oil prices spike after attack on Saudi facility
- September 17, 2019

A lengthy disruption is nearly certain to drive global oil prices well above the $60 a barrel that trading closed at on Friday. Notably, the Strategic Petroleum Reserve is the world's largest crude oil stash. Neither Saudi Arabia nor the state-run oil giant Saudi Aramco have said how much damage was done to the facility. But you know, Lulu, these attacks happen as the kingdom is looking to sell off a slice of Saudi Aramco in an initial public offering, which could be worth hundreds of ... (more...)
General Motors facing massive work stoppage as UAW announces strike General Motors facing massive work stoppage as UAW announces strike
- September 16, 2019

Analyst specialists estimate the strike may cost GM about $50 million a day in earnings before interest and taxes. The AP reported Monday the strike will bring to a halt GM's USA vehicle and parts production, and will likely stop the company from making vehicles in Canada and Mexico as well. (more...)
Oil price surge after Saudi crude facility attack Oil price surge after Saudi crude facility attack
- September 16, 2019

The attacks have inflamed tensions in the Persian Gulf, with both Iran and Iraq denying involvement. British Foreign Secretary Dominic Raab called the attack "a wanton violation of global law", but he also said that "in terms of who is responsible, the picture is not entirely clear". (more...)
Saudis Scramble to Restore Oil Production After Drone Attacks Saudis Scramble to Restore Oil Production After Drone Attacks
- September 16, 2019

US officials previously alleged at least one recent drone attack on Saudi Arabia came from Iraq, where Iran backs Shiite militias. Iran-backed Houthi rebels in Yemen claimed responsibility for the attacks, but U.S. Other Asian buyers such as Thailand have also said the attack would have no immediate impact on oil imports. A saudi man looks to the computer showing stock prices at ANB Bank, in Riyadh, Saudi Arabia, Sept. (more...)
US renews accusations against Iran over Saudi oil drone attacks US renews accusations against Iran over Saudi oil drone attacks
- September 16, 2019

NPR's Jackie Northam has been following developments and joins us now. JACKIE NORTHAM, BYLINE: Good morning, Lulu. " Saudi Arabia oil supply was attacked ". Lindsey Graham is urging Trump to just start attacking Iranian oil refineries immediately. NORTHAM: He is not offering any. Senior US officials told reporters that damage from the attacks indicate they came from the direction of Iraq and Iran, not from Yemen. (more...)
Georgia kicks off National Child Passenger Safety Week Georgia kicks off National Child Passenger Safety Week
- September 16, 2019

There are more than 30 certified technicians in Northeast Ohio that can check to make sure your vehicle seat is installed correctly. While child passenger safety has evolved and state laws requiring child safety restraints have resulted in more children being buckled up, road injuries remain the leading cause of unintentional death to children in the United States. (more...)
Saudi Energy Minister: Attacks Halted 50 Percent of Aramco Production Saudi Energy Minister: Attacks Halted 50 Percent of Aramco Production
- September 16, 2019

Iran dismissed accusations by the United States that it was behind attacks on Saudi oil plants that risk disrupting global energy supplies and warned on Sunday that USA bases and aircraft carriers in the region were in range of its missiles. (more...)
France says Libra will not be allowed in Europe France says Libra will not be allowed in Europe
- September 14, 2019

Le Maire said the bloc should also work to cut the cost of global payments, which Libra promises to slash. So I want to be very clear: "in these conditions we can not authorise libra's development on European soil", the French finance minister said. (more...)