Markets


Oil gains on optimism over US-China trade deal Oil gains on optimism over US-China trade deal
- November 06, 2019

Analysts forecast a rise of just 1.5 million barrels. Opec's production of crude oil and other liquids is expected to decline to 32.8 million bpd by 2024, the group said in its 2019 World Oil Outlook. Brent crude futures rose 74 cents, or 1.2%, to $62.87 a barrel by 12:56 p.m. EST (1756 GMT). OPEC said it would supply a diminishing amount of oil in the next five years as output of USA shale and other rival sources expands. (more...)
Electric Mustang, vintage truck's Bolt EV transplant, Kia's racy SUV coupe Electric Mustang, vintage truck's Bolt EV transplant, Kia's racy SUV coupe
- November 06, 2019

The Lithium makes the equivalent of 900bhp and over 1,000lb ft of torque. To the latter end, the Lithium comes with GT350R Brembo brakes, a Ford Performance Track Handling Pack, strut brace and 20-inch forged wheels. Ford has joined hands with Webasto for Mustang Lithium project vehicle that is an ultra-high-performance battery-electric version of the muscle auto. (more...)
Australia to press Facebook for details on Libra cryptocurrency Australia to press Facebook for details on Libra cryptocurrency
- November 06, 2019

Fears of the social media giant using Calibra for discriminatory or otherwise unsavory purposes were recently raised by US legislators during a congressional hearing on Libra joined by Facebook Chief Executive Mark Zuckerberg. Facebook CEO Mark Zuckerberg. Approximately 15 million Australians are active users of Facebook platforms including Instagram and secure messaging service WhatsApp. (more...)
Stocks move higher in Toronto as financials, industrials and materials rise Stocks move higher in Toronto as financials, industrials and materials rise
- November 06, 2019

The government also revised up its estimate of job growth for August and September. Also driving crude higher were remarks by OPEC Secretary-General Mohammad Barkindo, who said the oil market outlook for 2020 may be brighter than previously forecast, appearing to downplay any need for deeper production cuts. (more...)
USA trade deficit falls to $52.5 billion in September USA trade deficit falls to $52.5 billion in September
- November 06, 2019

That was down from the August deficit of $55 billion and was the smallest imbalance since April. Moreover, the decline in the deficit with China is being offset by larger deficits with other countries. Nicita pointed out that a different set of countries were likely benefiting from the tariffs imposed on U.S. goods, pointing for instance to increased Brazilian soybean exports to China. (more...)
Kia Futuron autonomous, electric concept has scales and UFO design Kia Futuron autonomous, electric concept has scales and UFO design
- November 06, 2019

Furthermore, the 360-degree theme is evident in the lighting that illuminates a sharp character line encircling the Futuron's body. The nose of the vehicle, with its multi-LED slight signature, referred to as the Star Cloud, is said to represent a new Tiger Face design motif destined for future Kia EVs. (more...)
Tesla's street visualization screen now displays traffic cones Tesla's street visualization screen now displays traffic cones
- November 06, 2019

The company has added the traffic cone icons that show you an orange color cone on your display whenever you are passing by of standing near the cones. As per some early users, they have warned that the Autopilot does not always identify the cones, possibly leading to risky lane changes-like navigating one into construction or into oncoming traffic. (more...)
Infosys shares rally post disclosure on whistleblower complaint Infosys shares rally post disclosure on whistleblower complaint
- November 06, 2019

A former Infosys board member said he believes that there are no malpractices on the accounting front but that the company has mismanaged how the whistleblowers' complaint was handled. The benchmark S&P BSE Sensex rose 0.3%. However, stock exchanges were not informed about these complaints and the company informed the bourses only on October 21 - nearly three weeks after the board members received the complaints. (more...)
Ant Financial Unveils International Version of Alipay to Woo Overseas Tourists Ant Financial Unveils International Version of Alipay to Woo Overseas Tourists
- November 06, 2019

Details: Tencent has been in talks with card-network operators Visa, Mastercard, American Express, and Discover as well as Japan's JCB to support the ability to bind overseas credit cards to WeChat Pay, according to an article (in Chinese) published on Tencent News on Tuesday. (more...)
Canadian regulators seize and shut down an Exchange Canadian regulators seize and shut down an Exchange
- November 06, 2019

Einstein reportedly owes $16 million to its user base, $11 million of which is tied to cryptocurrencies, while the rest is in cash, CBC reported . The regulator said it was informed on October 31 by a lawyer representing Einstein that the company planned to shut down in 30 to 60 days due to lack of profit. (more...)
Canada posts $978-million trade deficit in September
- November 06, 2019

The result missed economist expectations for a smaller deficit of $650 million. "Indeed, the Bank of Canada's latest monetary policy report last week included further contractions in exports the second half of 2019, with the dovishness in its statement centerd around trade conflicts and uncertainty". (more...)
Asian shares rally on U.S.-China trade deal hopes Asian shares rally on U.S.-China trade deal hopes
- November 06, 2019

Euro zone and USA bond yields rose on optimism a U.S. The pan-European STOXX 600 index of small, mid-sized and large stocks .STOXX and the FTSEurofirst 300 index .FTEU3 of leading regional shares both rose 0.2%. Brent crude futures gained 69 cents to $62.58 a barrel shortly before midday, its highest in over a month. US West Texas Intermediate (WTI) crude traded at US$56.62 per barrel, up 0.14% after reaching a six-week high of US$57.43 on Monday. (more...)
Korean sovereign fund KIC indicates investment in Saudi Aramco after IPO Korean sovereign fund KIC indicates investment in Saudi Aramco after IPO
- November 06, 2019

Saudi Aramco traces its roots to 1933 when a deal was struck between Saudi Arabia and the Standard Oil Company of California, which later became Chevron, to survey and drill for oil, creating a new firm to do so. Aramco's IPO has generated a feeling of pride among Saudis, although some are concerned about sharing the "family jewel" with foreigners. "It's one of the only meritocracies in Saudi Arabia". (more...)
Ryanair negatively affected by delayed delivery of Boeing 737 MAX planes Ryanair negatively affected by delayed delivery of Boeing 737 MAX planes
- November 06, 2019

Ryanair has held firm on plans to cut pilot and cabin crew jobs after it revealed further delays following the grounding of the Boeing 737 Max planes. After having made software changes to the aircraft's Maneuvering Characteristics Augmentation System (MCAS) following two deadly crashes that killed 346 people, Boeing has said it wants the MAX back in service by the end of 2019. (more...)
Australia's central bank keeps interest rates on hold Australia's central bank keeps interest rates on hold
- November 06, 2019

Indeed, core inflation has been stuck below its 2-3% target band for four whole years, implying unemployment has to fall some way from the current 5.2% level to revive wages and inflation. Philip Lowe said in a statement. That said, there are still some key events to keep an eye on, including tonight's confab at the Reserve Bank of Australia (RBA). (more...)
Krispy Kreme serving up pie-inspired donuts now through Thanksgiving Krispy Kreme serving up pie-inspired donuts now through Thanksgiving
- November 06, 2019

Krispy Kreme has reversed on its decision to ban an enterprising college student from driving to Iowa every weekend to buy hundreds of donuts and then resell them in the Twin Cities area. A typical run for Gonzalez would start on a Saturday at 2 a.m., when he would begin his 4-hour trek to Iowa to pick up the doughnuts, according to the Pioneer Press . (more...)
Canadian Pork, Beef Exports to China to Resume Canadian Pork, Beef Exports to China to Resume
- November 06, 2019

In September it said that the suspension had cost Canadian producers $100m in lost revenue . Canadian pork and beef exports to China will resume. extradition request related to alleged Iran sanctions violations. On Tuesday, they heralded the resumption of trade as good news. Meng, whose extradition trial begins in January, was detained at the request of the US over allegations of violating sanctions on Iran. (more...)
Uber shares fall due to poor user growth Uber shares fall due to poor user growth
- November 05, 2019

Khosrowshahi highlighted the growing profitability of Uber's Rides segment. Meanwhile, France's Kapten is already the second-largest ride hailing app in London only 6 months after entering the market, with 700,000 customers serviced and 17,000 drivers - setting an ambitious target to double the number of customers over the next year in a market that is twice the size of Paris, with the company's aim being to eventually move to an all-electric fleet. (more...)
Facebook Has a Brand New Logo for the Company Facebook Has a Brand New Logo for the Company
- November 05, 2019

In June, the company began including "from Facebook" within its apps that includes Messenger, Instagram and WhatsApp . Either way, this change shouldn't affect users' day-to-day use of any of Facebook's apps. He added that " people should know which companies make the products they use ". Instagram and WhatsApp , for example, once operated very independently, but the co-founders of both companies have left in the past 18 months as that autonomy started to fade. (more...)
Fight over Popeyes chicken ends with man fatally stabbed, suspect flees Fight over Popeyes chicken ends with man fatally stabbed, suspect flees
- November 05, 2019

At some point, the victim was stabbed and the suspect fled the scene. Donelan said there were "many" people in the Popeyes at the time of the altercation. Newsweek has contacted Popeyes for comment. He had been in line for a chicken sandwich when he and another man got into an argument , which spilled onto the street, Donelan said. (more...)

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