Markets


Fraud investigation into major mining company Fraud investigation into major mining company
- December 08, 2019

Mr. Glasenberg, who joined Glencore in 1984 and has been CEO since 2002, told investors that the company would meet in early 2020 to talk about a change to its "old guard". The loans were designed in part to help finance investments by Mr. Gertler in copper-mining operations in Congo alongside Glencore , the documents show. (more...)
IFA blockading Lidl distribution centre in Charleville this morning IFA blockading Lidl distribution centre in Charleville this morning
- December 08, 2019

Protests at the gates of meat processing plants across the country have ended in arrests and injuries, while a Chinese delegation was prevented from entering certain sites for inspections during the summer. "Over the past two weeks that has even opened up further to a 20c average between Ireland and the European Union and a 50c average difference between Ireland and the United Kingdom", said Mr Healy. (more...)
Ford Recalls Hundreds Of Thousands Of Pickup Trucks | Ramapo Ford Recalls Hundreds Of Thousands Of Pickup Trucks | Ramapo
- December 08, 2019

Vehicles with mechanical tailgate release handles are not affected by this recall. "In affected vehicles with an electric tailgate latch-release switch mounted in the tailgate handle, water entering the electrical wiring system may cause a short circuit, resulting in unintended switch activation and release of the tailgate latches", read the recall notice. (more...)
Wall Street opens higher for second straight session Wall Street opens higher for second straight session
- December 08, 2019

Oil prices gained 17 cents at $58.60 USA a barrel. Materials stocks ended essentially flat. The S&P 500 rose 4 points, or 0.2% to 3,117. Despite recovering some losses, the index is still down 0.9% for the week. The report quelled fears stemming from a disappointing private payrolls number released Wednesday. That's roughly half of October's hiring pace and weaker than economists expected. (more...)
Alexandria Ocasio-Cortez trolls Amazon over decision to build NY offices Alexandria Ocasio-Cortez trolls Amazon over decision to build NY offices
- December 07, 2019

The office will open in 2021 and accommodate more than 1,500 employees, the company said. New York congresswoman Alexandria Ocasio-Cortez is "waiting on the haters to apologize" after Amazon announced it would open corporate offices in New York City after all, almost a year after the internet giant abruptly reversed a decision to build a second headquarters there. (more...)
CDC continues to warn consumers about romaine lettuce E. coli outbreak CDC continues to warn consumers about romaine lettuce E. coli outbreak
- December 07, 2019

When the Centers for Disease Control last provided an update on November 26, just one Garden State resident and 67 across the country had been affected. The same E. coli strain infected Salinas-grown romaine lettuce during the same time previous year, prompting officials to warn of a similar outbreak that sickened 62 people in 16 states. (more...)
Nissan GT-R50 production version shown, deliveries start late Nissan GT-R50 production version shown, deliveries start late
- December 07, 2019

While it won't be five times the auto, its exclusivity and gorgeous looks will make it a favourite for those who are fans of the GT-R and other JDM icons. Major difference between the two is the inclusion of normal side mirrors instead of the concept's rearview camera. Under the bonnet you'll find a 3.8-litre twin-turbo V6 engine, like the regular GT-R. (more...)
Air New Zealand trials edible coffee cups to combat waste Air New Zealand trials edible coffee cups to combat waste
- December 07, 2019

To that end, Air New Zealand has partnered with a family-run NZ-based company called twiice , which makes the vanilla-flavoured cups that you can eat once you're done your coffee (or, during, if you can't wait and don't bite too low). The cups being rolled out on Air New Zealand's flights are created to withstand the heat of coffee without melting or leaking, making for a delectable snack at the end. (more...)
M&G Investments halts dealing in £2.5bn United Kingdom property portfolio M&G Investments halts dealing in £2.5bn United Kingdom property portfolio
- December 07, 2019

The company, which only debuted on the London Stock Exchange in October after its long-awaited split from Prudential, said it has reached a point where it felt the suspension was needed to "protect the interests of the funds' customers". "Despite the sector-wide gating of United Kingdom commercial real estate funds in 2016, material progress has, evidently, not been made", said Alastair Sewell, senior director of fund and asset management at Fitch Ratings. (more...)
BMW will stop charging monthly subscription for CarPlay BMW will stop charging monthly subscription for CarPlay
- December 07, 2019

The previous subscription would have cost the owners $80 for 12 months of subscription. As a comparison, the current KIA Picanto which costs less than RM50,000 comes with Apple CarPlay and Android Auto support free of charge. As we noted in our initial coverage, the sorts of people who are going to buy a high-end BMW vehicle probably won't miss the extra $80 a year, but it was still viewed as a distasteful business tactic by the public. (more...)
Elon Musk wins 'pedo guy' defamation case Elon Musk wins 'pedo guy' defamation case
- December 07, 2019

That probably wouldn't have happened if May thought Unsworth was a pedophile - at least that's what Elon Musk's attorney argued on Thursday in the third day of the " pedo guy " defamation trial . Musk apologised on Twitter, and again during the trial, which began on Tuesday. Describing the 48-year-old entrepreneur as a "billionaire bully", Wood in his 90-minute closing argument said Unsworth was a man of modest means whose life had been upended by the much-publicized row. (more...)
After Trump, China says `no time limit` on trade deal with US After Trump, China says `no time limit` on trade deal with US
- December 07, 2019

He went out of his way on Fox to say China appeared to be doing better now. He described the talks underway with Beijing as "intense", adding that they occur nearly daily. And here was Trump after he summoned reporters to the Oval Office on October 11 following what he sold as a deal-signing meeting with Chinese Vice Premier Liu He: "And we've come to a very substantial "phase one" deal ". (more...)
Elon Musk sued for insulting cave rescue diver Elon Musk sued for insulting cave rescue diver
- December 07, 2019

Mr Musk's lawyer, Alex Spiro, testified in his opening statements that term "pedo guy" was a common insult in South Africa, where the billionaire grew up. Musk said that Wood couches it in fancy language but Musk knows what it means. The Tesla CEO reiterated his stance from Tuesday that he didn't mean to imply that Unsworth was a peadophile and that it was, in fact, Unsworth who started the conflict by launching an "unprovoked attack", Reuters reported . (more...)
Bye bye Regal: Buick to Become All-SUV Brand Bye bye Regal: Buick to Become All-SUV Brand
- December 06, 2019

Buick, which is now phasing out the Lacrosse full-size sedan, is about to become the first mainstream auto brand in North America to offer sport utility vehicles exclusively. Now, since GM sold the Euro brands to PSA, they had to pay them in order to keep making the Regal, so pulling the plug on it makes sense, especially since midsize saloons have fallen out of favor with customers. (more...)
RBI on hold despite weak growth and inflation RBI on hold despite weak growth and inflation
- December 06, 2019

A message to the spokesperson of the Confederation of Indian Industry, which usually issues a statement, was not replied to, while various senior corporate executives said "no comments" when a reaction to the RBI's action was sought. The RBI says the rationale for keeping rates unchanged was that monetary transmission has been full and reasonably swift across various money market segments. (more...)
Larry Kudlow: China deal 'close' as Beijing cuts some tariffs Larry Kudlow: China deal 'close' as Beijing cuts some tariffs
- December 06, 2019

Trump on October 11 announced a "very substantial phase one deal" but the two sides have struggled since then to formalize any agreement in writing. The comments followed his announcement, via Twitter , that he is restoring tariffs on steel and aluminum imports from Brazil and Argentina. (more...)
US gains a robust 266000 jobs; unemployment falls to 3.5% US gains a robust 266000 jobs; unemployment falls to 3.5%
- December 06, 2019

Heading into President Trump's fourth year in office, the labor market remains one of the economy's biggest engines, and Trump regularly touts the low unemployment rate as one of his top achievements. Labor force participation dropped slightly, contributing to the drop in the unemployment rate. Wages rose 3.1% in November from 3.2% in October. Wage gains were moderate because the bulk of the jobs created last month were in healthcare and leisure, industries that tend to pay low wages. (more...)
Oil rises as OPEC weighs deeper output cuts Oil rises as OPEC weighs deeper output cuts
- December 06, 2019

A panel of ministers representing OPEC and non-OPEC producers led by Russia recommended the cuts, according to Russian Energy Minister Alexander Novak on Thursday. But prices are still roughly where they were a week ago as concerns about a U.S. OPEC's actions in the past have angered U.S. President Donald Trump , but Trump has said little about OPEC in recent months. (more...)
Uber reports more than 3,000 sexual assaults on United States rides in 2018 Uber reports more than 3,000 sexual assaults on United States rides in 2018
- December 06, 2019

RALIANCE Business: Uber is teaming up with RALIANCE, leaders in sexual violence awareness and prevention, to create a resource center that will help companies adopt consistent, fact-based standards and strategies and improve how they respond to, prevent, and publicly report on sexual violence. (more...)
US trade gap narrows 7.6% to $47.2 billion in October US trade gap narrows 7.6% to $47.2 billion in October
- December 06, 2019

The decline in imports in October is likely due, in part, to the new tariffs imposed on September 1 on about $111 billion of goods made in China. Speaking to reporters on Thursday, President Donald Trump dodged questions on whether a new round of tariffs on about $160 billion in Chinese goods would take effect as scheduled in 10 days' time. (more...)

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