Markets
Trump picks Twitter fight with China
- December 05, 2016
While Beijing has reclaimed land to construct man-made islands, and built runways, ports and radar facilities at a speed and scale that has alarmed its neighbours, analysts questioned what "massive" complex Mr Trump was referring to. Finally, there was the phone call with Taiwan's president, which violated 40 years of delicate diplomacy created to honor the US commitment to "unofficial" relations with the island while maintaining diplomatic ties with China, which claims ownership over it. (more...)
- December 05, 2016
While Beijing has reclaimed land to construct man-made islands, and built runways, ports and radar facilities at a speed and scale that has alarmed its neighbours, analysts questioned what "massive" complex Mr Trump was referring to. Finally, there was the phone call with Taiwan's president, which violated 40 years of delicate diplomacy created to honor the US commitment to "unofficial" relations with the island while maintaining diplomatic ties with China, which claims ownership over it. (more...)
Italian bond yields jump back above 2% after 'no' vote
- December 05, 2016
Italian voters have rejected a constitutional reform plan, according to exit polls, dealing a serious blow to Prime Minister Matteo Renzi, who had promised to resign if his proposal failed. "The market has no way but to put emphasis on Italy", as the resignation will likely cloud Italy's push for revamp in what may develop a rift with Germany and potentially intensify risk in the eurozone, said IG Securities market analyst Junichi Ishikawa. (more...)
- December 05, 2016
Italian voters have rejected a constitutional reform plan, according to exit polls, dealing a serious blow to Prime Minister Matteo Renzi, who had promised to resign if his proposal failed. "The market has no way but to put emphasis on Italy", as the resignation will likely cloud Italy's push for revamp in what may develop a rift with Germany and potentially intensify risk in the eurozone, said IG Securities market analyst Junichi Ishikawa. (more...)
Italian PM Renzi to resign after conceding defeat on constitutional referendum
- December 05, 2016
While the vote would weigh on Italy's sovereign debt, the impact would likely be contained with aid from the European Central Bank, said Bosoni. The margin of Renzi's defeat is so big that he could also be forced out as leader of the Democratic Party (PD). (more...)
- December 05, 2016
While the vote would weigh on Italy's sovereign debt, the impact would likely be contained with aid from the European Central Bank, said Bosoni. The margin of Renzi's defeat is so big that he could also be forced out as leader of the Democratic Party (PD). (more...)
Trans Mountain Pipeline decision strikes the right balance
- December 05, 2016
Notley's interest in moving Alberta crude to Canada's east coast through projects like the proposed Energy East pipeline may be inspired in part by the Liberal government's rejection of the Enbridge-backed Northern Gateway pipeline in Tuesday's announcement. (more...)
- December 05, 2016
Notley's interest in moving Alberta crude to Canada's east coast through projects like the proposed Energy East pipeline may be inspired in part by the Liberal government's rejection of the Enbridge-backed Northern Gateway pipeline in Tuesday's announcement. (more...)
OPEC in first joint oil cut with Russia since 2001
- December 05, 2016
The accord reached by representatives of OPEC was the group's first all-out effort to reduce output in eight years, and powered an inrcease US crude prices up more than 9% yesterday. Much of the recent gains in oil prices have come from rhetoric alone. The cartel announced Wednesday, on the occasion of its biannual summit in Vienna that it would reduce production by 1.2 million barrels per day (bpd) from the 1 st January, ending a long suspense by a more ambitious agreement than the ... (more...)
- December 05, 2016
The accord reached by representatives of OPEC was the group's first all-out effort to reduce output in eight years, and powered an inrcease US crude prices up more than 9% yesterday. Much of the recent gains in oil prices have come from rhetoric alone. The cartel announced Wednesday, on the occasion of its biannual summit in Vienna that it would reduce production by 1.2 million barrels per day (bpd) from the 1 st January, ending a long suspense by a more ambitious agreement than the ... (more...)
Bank of England moves to make £5 note vegetarian
- December 05, 2016
The Bank of England is under contract to use the same supplier, which uses the animal product, in production of their £10 notes. Vegans and vegetarians were furious over the use of animal fats. Tallow, for those not clued into animal derivatives, is rendered suet, solid, white animal - usually cow - fat typically found near the kidneys and loins. (more...)
- December 05, 2016
The Bank of England is under contract to use the same supplier, which uses the animal product, in production of their £10 notes. Vegans and vegetarians were furious over the use of animal fats. Tallow, for those not clued into animal derivatives, is rendered suet, solid, white animal - usually cow - fat typically found near the kidneys and loins. (more...)
Donald Trump criticises China over currency, South China Sea
- December 05, 2016
America's friends and foes alike are keenly awaiting his choice, hopeful that it will offer clues to the direction U.S. policy will take after he is sworn in on January 20. "We urge the relevant side in the US to adhere to the "one China" policy, abide by the pledges in the three joint China-US communiqués, and handle issues related to Taiwan carefully and properly to avoid causing unnecessary interference to the overall China-US relationship". (more...)
- December 05, 2016
America's friends and foes alike are keenly awaiting his choice, hopeful that it will offer clues to the direction U.S. policy will take after he is sworn in on January 20. "We urge the relevant side in the US to adhere to the "one China" policy, abide by the pledges in the three joint China-US communiqués, and handle issues related to Taiwan carefully and properly to avoid causing unnecessary interference to the overall China-US relationship". (more...)
Reigning World Champion Nico Rosberg Announces His Retirement, Racing World In Shock
- December 05, 2016
Nobody in Mercedes imagined he could say "enough". The driver, who had given no previous indication of his intentions, said he had made the decision in the aftermath of his championship triumph. "But he's also got a family to focus on, having children, and Formula One takes so much of your time". Pascal Wehrlein, a protege of the Mercedes junior driver programme, and Valtteri Bottas of Williams are also in the frame. (more...)
- December 05, 2016
Nobody in Mercedes imagined he could say "enough". The driver, who had given no previous indication of his intentions, said he had made the decision in the aftermath of his championship triumph. "But he's also got a family to focus on, having children, and Formula One takes so much of your time". Pascal Wehrlein, a protege of the Mercedes junior driver programme, and Valtteri Bottas of Williams are also in the frame. (more...)
Oil prices rise ahead of expected OPEC output cut
- December 05, 2016
Oil traded near $48 a barrel in NY as OPEC left unresolved Iraq and Iran's participation in the group's plan to cut output. Oil prices reached a three-week high on Tuesday (22 November), amid growing expectations Opec members will reach a deal to curb production when they meet at the end of the month. (more...)
- December 05, 2016
Oil traded near $48 a barrel in NY as OPEC left unresolved Iraq and Iran's participation in the group's plan to cut output. Oil prices reached a three-week high on Tuesday (22 November), amid growing expectations Opec members will reach a deal to curb production when they meet at the end of the month. (more...)
THEY'RE FIGHTING ON USC Trojans trip West Virginia, win second NCAA title
- December 05, 2016
Corboz, named to the NSCA All-American list, took both of the Hoyas corner kicks for the half. Andrews was almost 50 yards from goal when she served a ball of uncanny accuracy that Johnson converted crisply, and those two moments of sublime skill overcame all of the hustle and scrappiness the Hoyas produced to that point and in the subsequent minutes of desperation to get an equalizer that never came. (more...)
- December 05, 2016
Corboz, named to the NSCA All-American list, took both of the Hoyas corner kicks for the half. Andrews was almost 50 yards from goal when she served a ball of uncanny accuracy that Johnson converted crisply, and those two moments of sublime skill overcame all of the hustle and scrappiness the Hoyas produced to that point and in the subsequent minutes of desperation to get an equalizer that never came. (more...)
HHS nominee Tom Price drafted remake of the ACA
- December 05, 2016
President-elect Donald Trump's nomination of Georgia Congressman Tom Price to be USA secretary of health and human services didn't just send shock waves through California because of his plan to dismantle the Affordable Care Act. Price is a former orthopedic surgeon and one of the Republican Party's top leaders in the House of Representatives as chair of the powerful Budget Committee. (more...)
- December 05, 2016
President-elect Donald Trump's nomination of Georgia Congressman Tom Price to be USA secretary of health and human services didn't just send shock waves through California because of his plan to dismantle the Affordable Care Act. Price is a former orthopedic surgeon and one of the Republican Party's top leaders in the House of Representatives as chair of the powerful Budget Committee. (more...)
Ohio State in, Penn State out of College Football Playoffs
- December 05, 2016
INDIANAPOLIS -?When the top four teams won this weekend, the College Football Playoff Selection Committee won a reprieve. Last year, after beating Oklahoma in the Orange Bowl, the Tigers fell 45-40 to Alabama in the national title game in Glendale, Ariz. (more...)
- December 05, 2016
INDIANAPOLIS -?When the top four teams won this weekend, the College Football Playoff Selection Committee won a reprieve. Last year, after beating Oklahoma in the Orange Bowl, the Tigers fell 45-40 to Alabama in the national title game in Glendale, Ariz. (more...)
European Union parliament vote on Turkey carries no importance: PM Yıldırım
- December 05, 2016
Turkey hosts an estimated 2.7 million refugees or other migrants from Afghanistan, Syria and other countries. Parliament members acknowledged the motion was largely symbolic, however Turkish President Tayyip Erdogan told a congress on woman's justice in Istanbul, "if you go any further, these border gates will be opened". (more...)
- December 05, 2016
Turkey hosts an estimated 2.7 million refugees or other migrants from Afghanistan, Syria and other countries. Parliament members acknowledged the motion was largely symbolic, however Turkish President Tayyip Erdogan told a congress on woman's justice in Istanbul, "if you go any further, these border gates will be opened". (more...)
Japan - Earthquake and a small tsunami hit Fukushima
- December 05, 2016
Professor James Goff, director of the Australia-Pacific Tsunami Research Centre at the University of New South Wales, said he would not expect waves to reach the heights of those in 2011, but that the most recent quake could still cause damage. (more...)
- December 05, 2016
Professor James Goff, director of the Australia-Pacific Tsunami Research Centre at the University of New South Wales, said he would not expect waves to reach the heights of those in 2011, but that the most recent quake could still cause damage. (more...)
November Jobs Report: Unemployment Reaches Lowest Point in 9 Years
- December 05, 2016
Over the month, bookkeeping and accounting services added 18,000 positions. Economists surveyed by CNNMoney forecast that the US economy added 181,000 jobs in November. In a statement, the White House economist Jason Furman hailed the creation of 15.6 million positions since 2010 and the longest streak of continuous job gains on record. (more...)
- December 05, 2016
Over the month, bookkeeping and accounting services added 18,000 positions. Economists surveyed by CNNMoney forecast that the US economy added 181,000 jobs in November. In a statement, the White House economist Jason Furman hailed the creation of 15.6 million positions since 2010 and the longest streak of continuous job gains on record. (more...)
Under Pressure from Investors, Samsung Considering Splitting Company
- December 05, 2016
There is also an increased movement for the corporation to split into a holding company and an operating one. Samsung this week said it is considering creating a holding company and is also looking at raising dividends-suggesting it listened very closely to USA hedge fund Elliott Management in October, who first put forward the idea of a restructure. (more...)
- December 05, 2016
There is also an increased movement for the corporation to split into a holding company and an operating one. Samsung this week said it is considering creating a holding company and is also looking at raising dividends-suggesting it listened very closely to USA hedge fund Elliott Management in October, who first put forward the idea of a restructure. (more...)
Demonetisation effect? Service sector activity plunges after 16 months
- December 05, 2016
A number above 50 indicates expansion of the sector while a number under 50 indicates contraction. "The cash shortage resulted in fewer new business intakes, which in turn caused a fall in activity and ended a 16-month sequence of expansion", said Pollyanna De Lima, IHS Markit economist and author of the report. (more...)
- December 05, 2016
A number above 50 indicates expansion of the sector while a number under 50 indicates contraction. "The cash shortage resulted in fewer new business intakes, which in turn caused a fall in activity and ended a 16-month sequence of expansion", said Pollyanna De Lima, IHS Markit economist and author of the report. (more...)
Autumn Statement TL;DR? Here's our at-a-glance guide
- December 05, 2016
Finance minister Philip Hammond said on Wednesday that Brexit made it "more urgent than ever" to invest in tackling Britain's long-term weaknesses, including one of the worst productivity growth rates among rich economies. "If unexpected changes in the economy require it, then I will, of course, announce actions at the Spring Statement, but I won't make significant changes twice a year just for the sake of it". (more...)
- December 05, 2016
Finance minister Philip Hammond said on Wednesday that Brexit made it "more urgent than ever" to invest in tackling Britain's long-term weaknesses, including one of the worst productivity growth rates among rich economies. "If unexpected changes in the economy require it, then I will, of course, announce actions at the Spring Statement, but I won't make significant changes twice a year just for the sake of it". (more...)
Amazon Rolls Tractor Trailer Truck Up to Your Data Center, Called 'Snowball'
- December 05, 2016
The aforementioned competencies and programs fall under the AWS Partner Network (APN). "Being among the first to be recognized in the new AWS Service Delivery Program and AWS Public Sector Partner Programs highlights Datapipe's deep experience helping businesses and government agencies successfully move their business to AWS". (more...)
- December 05, 2016
The aforementioned competencies and programs fall under the AWS Partner Network (APN). "Being among the first to be recognized in the new AWS Service Delivery Program and AWS Public Sector Partner Programs highlights Datapipe's deep experience helping businesses and government agencies successfully move their business to AWS". (more...)
Utes will meet IN in Foster Farms Bowl
- December 05, 2016
This marks Utah's second appearance in the Bay Area bowl game, but its first under the current Foster Farms' sponsorship at Levi's Stadium. "Our team is thrilled to play in the Foster Farms Bowl", Glass said in a statement. For only the second time this decade, Stanford won't be participating in one of the prestigious New Year's bowls. Utah finished its regular season 8-4, including back-to-back losses to finish the season. (more...)
- December 05, 2016
This marks Utah's second appearance in the Bay Area bowl game, but its first under the current Foster Farms' sponsorship at Levi's Stadium. "Our team is thrilled to play in the Foster Farms Bowl", Glass said in a statement. For only the second time this decade, Stanford won't be participating in one of the prestigious New Year's bowls. Utah finished its regular season 8-4, including back-to-back losses to finish the season. (more...)
Latest news
Three drug firms in settlement talks over USA opioid crisis