Markets


'Rogue One' is the 'Star Wars' prequel you're looking for 'Rogue One' is the 'Star Wars' prequel you're looking for
- December 14, 2016

And while that figure is shy of "The Force Awaken's monstrous debut haul of $529 million, it's still a huge sum, putting it on level footing with movies like "Batman v Superman: Dawn of Justice" and 'Captan America: Civil War". The film sees Erso tracked down by the Rebel Alliance and embarking on a risky mission with rebels to new planets to find a way to stop Darth Vader. (more...)
Oil prices rise as Middle East producers confirm supply cuts
- December 14, 2016

It is the first time since 2001 that OPEC and some of its rivals reached a deal to jointly reduce output in order to tackle the global oil glut. Brent crude futures hit a session peak of $57.89 a barrel - the highest level since July 2015 - before trading at $55.93/Bbl at 7:12 p.m., up $1.60 or 2.94%. (more...)
IMF's Lagarde vows to fight negligence charge IMF's Lagarde vows to fight negligence charge
- December 14, 2016

Ms Lagarde, 60, was France's finance minister in the government of then-president Nicolas Sarkozy when she approved an out-of-court settlement with Mr Tapie to end a long-running dispute between the magnate and the French state. A Paris appeals court has ordered Tapie to reimburse the state. If she is found guilty, Lagarde could face up to a year in prison and a fine of EUR15,000. (more...)
Chinese paper calls Trump 'ignorant' after Taiwan comments
- December 14, 2016

Trump (@realDonaldTrump) December 4, 2016their country (the US doesn't tax them) or to build a massive military complex in the middle of the South China Sea? "It's generally interpreted here that Trump wants to negotiate the basic agreements that touch upon China's most sensitive core interests ". (more...)
China Concerned After US President-elect Donald Trump Questions One-China policy
- December 14, 2016

In his dealmaking with China , Mr Trump appears to believe he has already identified that leverage: Taiwan. In the interview Trump touched on other issues - questioning U.S. "And why should some other nation be able to say I can't take a call? ". While many people in Taiwan's would prefer formal independence from China , most support the status quo. (more...)
Trump Nominates Exxon Mobil CEO as the Next US Secretary of State Trump Nominates Exxon Mobil CEO as the Next US Secretary of State
- December 14, 2016

Leading Republicans have already expressed anxieties about Tillerson, as they contend with intelligence assessments saying Russian Federation interfered with the USA presidential election to help Trump. John McCain of Arizona, Lindsey Graham of SC and Marco Rubio of Florida. In 2006, Tillerson traveled to Alaska to meet with newly minted Gov. Sarah Palin, a small-town Republican elected on a wave of anti-oil sentiment . (more...)
How a Single Senate Republican Could Tank Rex Tillerson's Nomination
- December 14, 2016

Among the most accomplished business leaders and global deal-makers in the world, 64-year-old Tillerson has spent his career protecting the jobs of his employees, who number over 70,000, the presidential transition team said. Tillerson said he shares Trump's vision for restoring the credibility of the United States' foreign relations and advancing American national security. (more...)
Gambian President Rejects Election Outcome; Falls For Fresh Elections Gambian President Rejects Election Outcome; Falls For Fresh Elections
- December 14, 2016

Dogara also called on leaders of the regional bloc of Economic Community of West African States to take all necessary measures to stop defeated President of Gambia from plunging the country into anarchy with his volte-face on the recently concluded elections. (more...)
Trump nominates ExxonMobil CEO as Secretary of State Trump nominates ExxonMobil CEO as Secretary of State
- December 14, 2016

Idriss Déby, the authoritarian President of Chad, did not need a calculator to understand that Rex Tillerson was more important to his future than the U.S. Trump postponed a Thursday announcement about how he will handle his massive business empire, though it appears likely he will not follow other presidents and make a clean break from his personal holdings. (more...)
Trump blasts F-35 costs, but he's not the only one Trump blasts F-35 costs, but he's not the only one
- December 14, 2016

President-elect Donald Trump has said he will reduce the cost of the Pentagon's most expensive weapons programme - Lockheed Martin's F-35 Joint Strike Fighter - after he takes office. Trump didn't mention any specific company in his tweet , but Bethesda, Maryland-based Lockheed makes the F-35 one-seat fighter aircraft and is a major USA defense contractor. (more...)
Taiwan hiring outlook for Q1 2017 highest in Asia-Pacific
- December 14, 2016

Year-over-year, employers report noteworthy improvements of eight and five percentage points in Western Cape and Eastern Cape, respectively. The weakest hiring activity is forecast by employers in Brazil. Employers in China remain cautiously optimistic with some payroll growth estimated in all industry sectors and regions. Hiring in the United Kingdom private sector is set to grow eight per cent in the coming quarter, bringing it to its highest rate in three years despite lingering Brexit ... (more...)
Rail strike cripples rail services in southern England
- December 14, 2016

Combined with the conductors' strike, the ban led to roughly half of all Southern services being cancelled on Tuesday. In a letter to MPs sent this morning Transport Secretary Chris Grayling said that driver-only operation was "perfectly safe" and described the biggest factor of disruption on non-strike days as being "unofficial work to rule" by staff, as they had seen high levels of staff sickness and a doubling of broken down trains. (more...)
Inflation-hit Venezuela to pull largest bill from circulation Inflation-hit Venezuela to pull largest bill from circulation
- December 14, 2016

In Venezuela, there also were logistical concerns about how authorities would remove the more than six billion 100-bolivar bills in circulation, almost half of all coins and notes, and whether replacement bills were ready. Just in August, Maduro reopened the border with Colombia after it had been closed for almost a year. The 100-bolivar note is worth about 2 cents and is the most widely used bill in the economically ravaged South American country. (more...)
Beyoncé, Drake, Rihanna lead Grammy nominations Beyoncé, Drake, Rihanna lead Grammy nominations
- December 14, 2016

Fellow artists Rihanna, Drake, and Kanye West each bagged eight nominations, thus following very closely behind Queen Bey. Adele and Bieber will square off in the best pop vocal album category for "25" and " Purpose ", respectively. (more...)
China ponders response to Trump's Twitter criticism China ponders response to Trump's Twitter criticism
- December 14, 2016

Mike Pence said there was nothing to read into regarding Donald Trump's phone call with Taiwanese President Tsai Ing-wen, calling the conversation a "courtesy call" on NBC's Meet the Press . It is yet to be seen if Mr. Trump will flirt with encouraging Taiwan's de facto independence, or just unnerve China by interacting more with the Taiwanese leaders. (more...)
UPS, FedEx Struggle to Keep Up With Surge in Holiday Orders UPS, FedEx Struggle to Keep Up With Surge in Holiday Orders
- December 14, 2016

Christmas is less than two weeks away. Adjusted for weather and other unavoidable delays, on-time deliveries at UPS fell to 96.3% last week, while FedEx dropped to 96.9% - better than last year's 95% for both companies, but still below their 98% and 99% averages during the rest of the year, according to ShipMatrix. (more...)
Korea's president loses power, keeps title, house, salary
- December 14, 2016

Now Hwang assumes presidential duties, including serving as commander-in-chief of South Korea's 630,000-member military, while the country's Constitutional Court decides whether to approve or reject Park's impeachment. "Then, a constitutional court including justices appointed by Park would have to approve the impeachment". National Assembly Speaker Chung Se-kyun ordered the chairman of the assembly's legislation and judiciary committee to convey the original version of the motion to the ... (more...)
Obama orders review of hacking related to the 2016 election Obama orders review of hacking related to the 2016 election
- December 14, 2016

Republicans in Congress, including Lindsay Graham and John McCain have indicated they will support efforts by Democrats to investigate the Russian hacks and other interference in the election. Politico reported that "several Democratic senators have asked Obama to declassify more details about the attacks and why the USA concluded the Russians were behind them". (more...)
IS says it shot down Syrian jet near Palmyra IS says it shot down Syrian jet near Palmyra
- December 14, 2016

While the United Nations raised concern over the disappearance of hundreds of men entering government-controlled areas, there were also reports of Islamist rebel groups preventing families from leaving their territory and killing or kidnapping those who resist. (more...)
OPEC plan to raise oil price may not succeed
- December 14, 2016

On Saturday, non-Opec countries agreed to cut their output by 558,000 barrels a day in a deal created to reduce oversupply and boost prices. Al-Falih's comments followed a deal by non-OPEC countries to join forces with the group and reduce production by 558,000 barrels a day next year, the first pact between the rivals in 15 years. (more...)

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