Markets
China is set to end high-level trade talks with U.S. early - SCMP
- October 10, 2019
White House denies it, this from a few minutes ago. Liu is still set to leave on Friday evening, CNBC said, citing a US official. Beijing had lowered its expectations for significant progress during this week's trade talks, Chinese government officials told Reuters News Agency, after the U.S. (more...)
- October 10, 2019
White House denies it, this from a few minutes ago. Liu is still set to leave on Friday evening, CNBC said, citing a US official. Beijing had lowered its expectations for significant progress during this week's trade talks, Chinese government officials told Reuters News Agency, after the U.S. (more...)
Thomas Cook's 555 shops to be bought by rival
- October 10, 2019
David Chapman, official receiver, said: "I am pleased to announce we have reached an agreement with Hays Travel to acquire Thomas Cook's entire United Kingdom retail estate, comprising 555 stores across the country". Mr Tucker said the administrators would work with Hays to "ensure a smooth transition of the store estate". Meanwhile, the company will consider the future of under-performing shops in places where Hays and Thomas Cook sites overlap. (more...)
- October 10, 2019
David Chapman, official receiver, said: "I am pleased to announce we have reached an agreement with Hays Travel to acquire Thomas Cook's entire United Kingdom retail estate, comprising 555 stores across the country". Mr Tucker said the administrators would work with Hays to "ensure a smooth transition of the store estate". Meanwhile, the company will consider the future of under-performing shops in places where Hays and Thomas Cook sites overlap. (more...)
Apple could be impacted by OECD proposals for new tax rules
- October 10, 2019
Countries such as France have been pushing for stricter rules that would force the tech giants to pay more tax . Researchers found that the additional tax recovered from corporate tax havens would mainly benefit the richest countries.The findings indicate that while there will be a 5% fall in profits booked in tax havens, around 80% of the redistributed profits will go to high income countries. (more...)
- October 10, 2019
Countries such as France have been pushing for stricter rules that would force the tech giants to pay more tax . Researchers found that the additional tax recovered from corporate tax havens would mainly benefit the richest countries.The findings indicate that while there will be a 5% fall in profits booked in tax havens, around 80% of the redistributed profits will go to high income countries. (more...)
Bitcoin and Altcoin Rates are Falling, XRP is Growing
- October 09, 2019
Bitcoin (BTC ) is in a unsafe position as the price slipped below critical support level of $8,000 during early Asian hours. "This would imply that the forthcoming halving effect has hardly been priced into the current Bitcoin price of approximately Dollars 8,000". (more...)
- October 09, 2019
Bitcoin (BTC ) is in a unsafe position as the price slipped below critical support level of $8,000 during early Asian hours. "This would imply that the forthcoming halving effect has hardly been priced into the current Bitcoin price of approximately Dollars 8,000". (more...)
Powell sees cooler US hiring in possible hint of rate cuts
- October 09, 2019
To reinforce his point, Powell added a quote from Marriner, who served as Fed Chairman from 1934 to 1948. This is not a formal return to quantitative easing (QE) policy, but could be viewed as a half-step measure in that direction. Other recent economic data, including a possible contraction in manufacturing, add to the sense of reduced momentum. As Powell has stated before the US economic outlook is favorable, but there are risks to that outlook, mostly from global developments. (more...)
- October 09, 2019
To reinforce his point, Powell added a quote from Marriner, who served as Fed Chairman from 1934 to 1948. This is not a formal return to quantitative easing (QE) policy, but could be viewed as a half-step measure in that direction. Other recent economic data, including a possible contraction in manufacturing, add to the sense of reduced momentum. As Powell has stated before the US economic outlook is favorable, but there are risks to that outlook, mostly from global developments. (more...)
UK Press Reverberates in Anticipation of Brexit Deal's Bleak Prospects
- October 09, 2019
Downing Street said that "if this represents a new established position, then it means a deal is essentially impossible not just now but ever". This, the source said, marked a shift in Germany's approach and made a negotiated deal "essentially impossible". (more...)
- October 09, 2019
Downing Street said that "if this represents a new established position, then it means a deal is essentially impossible not just now but ever". This, the source said, marked a shift in Germany's approach and made a negotiated deal "essentially impossible". (more...)
Trade wars lose US its competitiveness top spot: WEF
- October 09, 2019
The forum released the Global Competitiveness Report this week, adopting a new methodology for measuring competitiveness by including indices which represents more knowledge and digital-based ecosystems. The Global Competitiveness Index uses manager surveys and country data to measure a range of areas, including finance, education, health and infrastructure. (more...)
- October 09, 2019
The forum released the Global Competitiveness Report this week, adopting a new methodology for measuring competitiveness by including indices which represents more knowledge and digital-based ecosystems. The Global Competitiveness Index uses manager surveys and country data to measure a range of areas, including finance, education, health and infrastructure. (more...)
Kurds mobilize in Syria as Turkey poised for imminent attack
- October 09, 2019
Referring to critics of U.S. President Donald Trump's decision to pull back U.S. troops from northern Syria , they said they disregard reality. He also insisted that the United States had not "abandoned the Kurds ". policy that essentially abandoned the Syrian Kurds, longtime U.S. allies in the fight against ISIS in Syria. "Naturally our preparations are along the length of the border with Turkey, and our forces are in a state of readiness", Mr Bali told Reuters. (more...)
- October 09, 2019
Referring to critics of U.S. President Donald Trump's decision to pull back U.S. troops from northern Syria , they said they disregard reality. He also insisted that the United States had not "abandoned the Kurds ". policy that essentially abandoned the Syrian Kurds, longtime U.S. allies in the fight against ISIS in Syria. "Naturally our preparations are along the length of the border with Turkey, and our forces are in a state of readiness", Mr Bali told Reuters. (more...)
Oil Slides On Trade War Anxiety
- October 09, 2019
USA crude inventories likely climbed for the fourth consecutive week last week, rising an estimated 2.6 million barrels, a preliminary Reuters poll showed. The sell-off is now once again approaching a key technical support confluence which has caught the last three attempted breakdowns in price. Without action to resolve trade conflicts and support growth, global economic deceleration could turn into "a more massive slowdown", she said. (more...)
- October 09, 2019
USA crude inventories likely climbed for the fourth consecutive week last week, rising an estimated 2.6 million barrels, a preliminary Reuters poll showed. The sell-off is now once again approaching a key technical support confluence which has caught the last three attempted breakdowns in price. Without action to resolve trade conflicts and support growth, global economic deceleration could turn into "a more massive slowdown", she said. (more...)
Lottery player lands £170m EuroMillions jackpot in biggest United Kingdom win
- October 09, 2019
The winning quick pick ticket was sold on Thursday 3rd October at Kane's/McCartney's. Under jackpot cap rules, the top prize can roll over four consecutive times once the cap has been reached, before it must be won in the fifth and final draw, which happened on Tuesday. (more...)
- October 09, 2019
The winning quick pick ticket was sold on Thursday 3rd October at Kane's/McCartney's. Under jackpot cap rules, the top prize can roll over four consecutive times once the cap has been reached, before it must be won in the fifth and final draw, which happened on Tuesday. (more...)
Domino's misses sales, profits estimates as delivery competition heats up
- October 09, 2019
In late 2009, the company started airing self-deprecating commercials which acknowledged the poor taste of the pizza, promising customers that they have improved their product. "There is just a level of uncertainty in the near-term around some of the competing delivery offers in the marketplace", Allison said. He also said that the company's fortressing strategy will continue to put pressure on same-store sales in the coming years. (more...)
- October 09, 2019
In late 2009, the company started airing self-deprecating commercials which acknowledged the poor taste of the pizza, promising customers that they have improved their product. "There is just a level of uncertainty in the near-term around some of the competing delivery offers in the marketplace", Allison said. He also said that the company's fortressing strategy will continue to put pressure on same-store sales in the coming years. (more...)
Twitter says it mistakenly used phone numbers for ads
- October 09, 2019
What's especially not cool, however, is when the data you handed over, like a phone number, is given for security purposes. Twitter said Tuesday that it may have mishandled an unspecified number of users' email addresses and phone numbers, allowing that data to be used "inadvertently" for advertising purposes. (more...)
- October 09, 2019
What's especially not cool, however, is when the data you handed over, like a phone number, is given for security purposes. Twitter said Tuesday that it may have mishandled an unspecified number of users' email addresses and phone numbers, allowing that data to be used "inadvertently" for advertising purposes. (more...)
U.S. Producer Prices Show Unexpected Decrease In September
- October 09, 2019
Producer prices in the US unexpectedly decreased in the month of September, according to a report released by the Labor Department on Tuesday. A more closely-watched measure of inflation, the core consumer price index, is estimated to have risen 2.4% from a year earlier in data released Thursday, which would equal the August reading. (more...)
- October 09, 2019
Producer prices in the US unexpectedly decreased in the month of September, according to a report released by the Labor Department on Tuesday. A more closely-watched measure of inflation, the core consumer price index, is estimated to have risen 2.4% from a year earlier in data released Thursday, which would equal the August reading. (more...)
India's central bank cuts rates by 25 basic points
- October 09, 2019
Industry leaders say a substantial cut in the repo rate and bank lending rates are needed to boost manufacturing and domestic demand and bolster economic growth. Thereafter, it expects the pace of rate cuts will slow. The RBI is also facing mounting problems in the banking system, which could further hurt lending in the economy. (more...)
- October 09, 2019
Industry leaders say a substantial cut in the repo rate and bank lending rates are needed to boost manufacturing and domestic demand and bolster economic growth. Thereafter, it expects the pace of rate cuts will slow. The RBI is also facing mounting problems in the banking system, which could further hurt lending in the economy. (more...)
Gold rises as risk sentiment sours on trade, Brexit uncertainty
- October 09, 2019
The odds of a USA rate cut when the Federal Open Markets Committee meets on October 29-30 appeared to increase earlier after producer prices fell by the most in eight months, leaving the annual rate of factory gate inflation at 1.4%, its lowest since 2016. (more...)
- October 09, 2019
The odds of a USA rate cut when the Federal Open Markets Committee meets on October 29-30 appeared to increase earlier after producer prices fell by the most in eight months, leaving the annual rate of factory gate inflation at 1.4%, its lowest since 2016. (more...)
UK Sees Brexit Deal as Almost Impossible as EU Lashes Out
- October 09, 2019
According to a Number 10 source, Mrs Merkel "made clear a deal is overwhelmingly unlikely " because the EU wants Northern Ireland to remain in the customs union. Christopher Graham, economist at Standard Chartered, suggests that Brexit remains in a state of flux with full range of options from a no-deal exit on 31 October to No Brexit, remaining on the table. (more...)
- October 09, 2019
According to a Number 10 source, Mrs Merkel "made clear a deal is overwhelmingly unlikely " because the EU wants Northern Ireland to remain in the customs union. Christopher Graham, economist at Standard Chartered, suggests that Brexit remains in a state of flux with full range of options from a no-deal exit on 31 October to No Brexit, remaining on the table. (more...)
Trump says not abandoning Kurds, again threatens 'partner' Turkey with economic devastation
- October 09, 2019
Turkey's parliament has voted to extend by another year a mandate that allows the government to order cross-border military offensives in Iraq and Syria when faced with security threats. For Ankara, this is not the first operation of its kind. Since 2016, Turkey's Euphrates Shield and Olive Branch operations in northwestern Syria have liberated the region from YPG and Daesh terrorists, making it possible for almost 400,000 Syrians who fled the violence to resettle in western Syria. (more...)
- October 09, 2019
Turkey's parliament has voted to extend by another year a mandate that allows the government to order cross-border military offensives in Iraq and Syria when faced with security threats. For Ankara, this is not the first operation of its kind. Since 2016, Turkey's Euphrates Shield and Olive Branch operations in northwestern Syria have liberated the region from YPG and Daesh terrorists, making it possible for almost 400,000 Syrians who fled the violence to resettle in western Syria. (more...)
Dick's Sporting Goods Destroys $5 Million Worth Of Weapons
- October 09, 2019
Dick's Sporting Goods stopped selling AR-15 (or what they like to refer to as "assault weapons") and "high capacity magazines" following the tragic shooting in Parkland, Florida. Just a day before that shooting, a gunman opened fire at a Walmart in El Paso, Texas, killing 22 people and injuring 24 others. Even though it wasn't the weapon used in the shooting , that largely impacted the company's actions. (more...)
- October 09, 2019
Dick's Sporting Goods stopped selling AR-15 (or what they like to refer to as "assault weapons") and "high capacity magazines" following the tragic shooting in Parkland, Florida. Just a day before that shooting, a gunman opened fire at a Walmart in El Paso, Texas, killing 22 people and injuring 24 others. Even though it wasn't the weapon used in the shooting , that largely impacted the company's actions. (more...)
British promise tariff free goods in face of 'no deal' Brexit
- October 08, 2019
The NFU said the government has "severely undermined" the farming industry. Deputy director Carl Emmerson said: "A no-deal Brexit would likely require a fiscal short-term stimulus followed by a swift return to austerity". "There would be a chance of small rate cuts". Overall, the economy does not grow over the next two years, and grows by just 1.1% in 2022, leaving it 2½% smaller in that year than under our base case. (more...)
- October 08, 2019
The NFU said the government has "severely undermined" the farming industry. Deputy director Carl Emmerson said: "A no-deal Brexit would likely require a fiscal short-term stimulus followed by a swift return to austerity". "There would be a chance of small rate cuts". Overall, the economy does not grow over the next two years, and grows by just 1.1% in 2022, leaving it 2½% smaller in that year than under our base case. (more...)
Samsung Expects Q3 Profits To Drop 56%
- October 08, 2019
The preliminary revenue was set at 62 trillion won (52 billion USA dollars) in the third quarter, surpassing the market consensus of around 61 trillion won (51 billion US dollars). "It looks like Samsung Electronics has bottomed out", said an industry watcher who asked not to be named, adding that its earnings would recover next year after a seasonal slowdown during the fourth quarter. (more...)
- October 08, 2019
The preliminary revenue was set at 62 trillion won (52 billion USA dollars) in the third quarter, surpassing the market consensus of around 61 trillion won (51 billion US dollars). "It looks like Samsung Electronics has bottomed out", said an industry watcher who asked not to be named, adding that its earnings would recover next year after a seasonal slowdown during the fourth quarter. (more...)
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