Markets


China reportedly wants more talks before signing Trump trade deal China reportedly wants more talks before signing Trump trade deal
- October 15, 2019

A decade later, the "new normal" could be shaping up to be indefinite, hefty U.S tariffs on the majority of Chinese imports and substantial Chinese tariffs on most US goods - a constant drag on the global economy and no fundamental change in Beijing's behavior. (more...)
Harley-Davidson to temporarily halt production of LiveWire electric motorcycle Harley-Davidson to temporarily halt production of LiveWire electric motorcycle
- October 15, 2019

After media outlets reported that the premium product meant to attract younger people to the brand failed to live up to the expectations, it is now victim of a false start. "As usual, we're keeping high quality as our top priority", the spokesperson said. On a full charge, the LiveWire is supposedly capable of 235km in the city, 113km on the highway, and an average range of 152km. (more...)
World Bank slashes India's growth forecast to 6pc World Bank slashes India's growth forecast to 6pc
- October 15, 2019

The downward revision came in after the first quarter GDP printed at a six-year low of 5 per cent forcing a "surprised" RBI to massively slash its forecast by a full 80 bps to 6.1 per cent within a span of just two months and by 140 bps from its April forecast. (more...)
Visa, Mastercard, Stripe, and eBay all abandon Facebook's Libra Association Visa, Mastercard, Stripe, and eBay all abandon Facebook's Libra Association
- October 15, 2019

With key payment partners having left the Libra Association , the project now faces the question of how it will function and regulate its operations. The association elected David Marcus, a Facebook executive and co-creator of Libra , as one of the association's five directors. The decisions come ahead of a scheduled Libra Association Council meeting on October 14 to sign the group's charter. (more...)
UAW boosts pay and allows part-time jobs for striking members UAW boosts pay and allows part-time jobs for striking members
- October 14, 2019

On Friday, the 11th of October 2019, Detroit-based No. 1 USA automaker , General Motors Co. had exercised an unconventional approach by proffering its contract proposals directly to unionized employees in a bid to put an end to a month-long strike of 48,000 hourly workers. (more...)
Porsche unveils the mid-range Taycan 4S EV Porsche unveils the mid-range Taycan 4S EV
- October 14, 2019

On Monday morning, Porsche filled in the blank many of us were waiting for with news that the next Taycan variant, called the Taycan 4S , will arrive in Spring 2020. Porsche says all Taycan 4S buyers will get 30 minute charging at Electrify America fast chargers free for three years, as well as free fast charging at Porsche dealers around the country. (more...)
Canton Hathaway LLC Purchases 114 Shares of Apple Inc. (NASDAQ:AAPL) Canton Hathaway LLC Purchases 114 Shares of Apple Inc. (NASDAQ:AAPL)
- October 14, 2019

Renaissance Technologies LLC bought a new position in Apple during the 2nd quarter worth $459,677,000. Harris Associate Limited Partnership reported 1.22% of its portfolio in Apple Inc. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.47 and a current ratio of 1.50. The company has a market cap of $1,025.99 billion, a PE ratio of 19.35, a price-to-earnings-growth ratio of 2.00 and a beta of 1.24. (more...)
Northeast BC unemployment climbs to 6.2% in September Northeast BC unemployment climbs to 6.2% in September
- October 13, 2019

We're running out of superlatives to describe Canadian job market performance", TD senior economist James Marple said in an investors note, referring to the national numbers. The survey also said that young workers aged 15 to 24 years old saw drops in the ranks of full- and part-time workers, inching their unemployment rate to 11.9 per cent - not all that dissimilar from the same time one year ago. (more...)
Fed's Kaplan says buying Treasury bills is not QE Fed's Kaplan says buying Treasury bills is not QE
- October 13, 2019

The Committee directs the Desk to continue rolling over at auction all principal payments from the Federal Reserve's holdings of Treasury securities and to continue reinvesting all principal payments from the Federal Reserve's holdings of agency debt and agency mortgage-backed securities received during each calendar month. (more...)
The SEC have just blocked Telegrams crypto ambitions The SEC have just blocked Telegrams crypto ambitions
- October 13, 2019

The SEC alleges that once the tokens are distributed to the initial purchasers they will be resold to the investing public on the open market. Telegram's plans for its cryptocurrency and Blockchain network might be in jeopardy. The company has not disclosed the details regarding its development work. Telegram has also remained oddly quiet about key details of its so-called TON network. (more...)
Uber To Buy Latin American Online Grocery Delivery Service, Cornershop Uber To Buy Latin American Online Grocery Delivery Service, Cornershop
- October 13, 2019

The 4-year-old startup is known for its promise to deliver groceries in one hour and operates in Chile, Mexico, Peru and Toronto. Uber did not disclosed the financials of the agreement, but said that deal is expected to close in early 2020. (more...)
Arab foreign ministers in urgent talks on Turkish military operations in Syria Arab foreign ministers in urgent talks on Turkish military operations in Syria
- October 13, 2019

Two civilians on Sunday were killed in a YPG/PKK terror attack in Syria's Jarablus district, a source said. Turkey's Defense Ministry said there was no firing on the USA observation post, adding that it fired in response to an attack on its military posts south of the town of Suruc, across the border from Kobane. (more...)
Turkey-backed Syrian rebels seize border town's centre Turkey-backed Syrian rebels seize border town's centre
- October 13, 2019

Turkey announced it took the center of Ras al Ain Syrian town. The invasion also has forced almost 100,000 people to flee their homes amid concerns that IS might take advantage of the chaos and try to rise again after its defeat in Syria earlier this year. (more...)
Britain's James Dyson scraps electric car project Britain's James Dyson scraps electric car project
- October 13, 2019

The British company, which received £5 million in funds from the United Kingdom for the electric-car undertaking, said it will not stop work on other initiatives. "The Dyson Automotive team has developed a fantastic vehicle; they have been ingenious in their approach while remaining faithful to our philosophies", 72-year-old Dyson said in an email to staff. (more...)
Kurdish-Led SDF Says Turkish Invasion Has Revived ISIS Kurdish-Led SDF Says Turkish Invasion Has Revived ISIS
- October 13, 2019

More than 50 civilians have reportedly died on both sides of the border. "It's very hard to beat a force where they have planes and they don't", Trump said, referring to Turkey and the Kurds during a speech in Washington. Secretary General of the Arab League Ahmed Abou El Gheit said in his speech at the meeting that the league condemns the Turkish aggression on Syria and that Turkey seeks to alter the ethnic nature of the attacked area. (more...)
Toyota RAV4 PHEV: Plug-in SUV teased, not for Australia Toyota RAV4 PHEV: Plug-in SUV teased, not for Australia
- October 13, 2019

It is hoped that for hybrid auto owners, by the time the warranty expires, more affordable battery packs will be available. CNET said the upgraded warranty will see the bump-up of the original coverage, which was set at eight years or 100,000 miles, whichever may come first. (more...)
Almost 200000 people displaced by Turkey's Syria offensive Almost 200000 people displaced by Turkey's Syria offensive
- October 13, 2019

Turkey launched airstrikes and ground incursions targeting Kurdish forces along the Turkey-Syria border on Wednesday after Trump announced Sunday - following a call with Turkish leader Recep Tayyip Erdoğan - that USA troops "will no longer be in the immediate area". (more...)
EU, UK extend talks, push harder to avoid a no-deal Brexit EU, UK extend talks, push harder to avoid a no-deal Brexit
- October 12, 2019

The European Union said Friday that talks with the U.K.to find an amicable divorce deal were back on track, despite huge challenges and a looming end-of-month deadline for Britain to leave the bloc. The main stumbling block remains how to handle the U.K.'s only land border with the European Union, which is on the border between Northern Ireland and Ireland. (more...)
Oil prices: OPEC downgrades 2019 oil demand growth forecast Oil prices: OPEC downgrades 2019 oil demand growth forecast
- October 12, 2019

Oil rose on Wednesday following media reports that China was open to agreeing a partial trade deal with the United States, while Turkey's military operation in northern Syria also supported prices as it could impact regional oil production. (more...)
India's Industrial Production shrinks to minus 1.1% in August India's Industrial Production shrinks to minus 1.1% in August
- October 12, 2019

Consumer durables showed a decline of 9.1 per cent, while consumer non-durables grew by 4.1 per cent. The industrial output data for August, which showed 1.1% contraction, adds to the string of other numbers, such as slumping vehicle sales, which are testimony to the slowdown that has gripped Asia's third-largest economy, leading to a rash of growth downgrades by several economists, rating agencies and the central bank . (more...)