Money

Oil prices under pressure amid global market unease, but Libyan disruption supports

Oil prices under pressure amid global market unease, but Libyan disruption supports Last week, for the first time in decades, the United States - which is not a member of OPEC - was a net exporter of crude oil and petroleum products. Prices had closed 3 percent higher on Friday after the Organization of the Petroleum Exporting Countries and some non-OPEC producers, including heavyweight Russian Federation, said they would cut oil supply by 1.2 million barrels per day (bpd) fr... [Full Article...]

May battles confidence vote

May battles confidence vote She added: "I think markets are most concerned that the United Kingdom could leave on March 29 without a deal in place, which many people think would be damaging for the economy and when we get that sort of muse then the pound suffers". She warned that ousting her now, sparking a weeks-long leadership contest, would "create uncertainty when we can least afford it". However, some lawmakers who ha... [Full Article...]

Uber-Lyft showdown shifts to public markets

Uber-Lyft showdown shifts to public markets The ride-hailing giant filed the confidential paperwork on Thursday, according to one source, to lock horns with its smaller rival Lyft, which also filed the confidential paperwork for IPO nearly on the same day. Some speculate, however, that it could be worth as much as $120 billion as an IPO. Founded in 2009 by Travis Kalanick, Uber has raised close to $20 billion in a combination of debt an... [Full Article...]

Marlboro's Parent Company Altria Buys Massive Stake In Cannabis Firm Cronos

Marlboro's Parent Company Altria Buys Massive Stake In Cannabis Firm Cronos It comes after Canada legalized the recreational use of marijuana this year, and several other jurisdictions, including some states in the United States, follow suit. Constellation brands said at the time that the deal would "position Canopy Growth as the global leader in cannabis production, branding, intellectual property and retailing". [Full Article...]

China prepares to resume LNG and soybean imports from the US

China prepares to resume LNG and soybean imports from the US Imports of American soybeans fell by 95% in October YoY and LNG imports were virtually non-existent after the tariffs were imposed. Previously, Trump had threatened China several times about a tariff escalation to 25% from current 10%. President Trump doubled-down on his widespread use of trade tariffs to improve the USA economy and the American manufacturing base Tuesday, saying he is a "tari... [Full Article...]

Crude Plunges After Saudi's Propose Smaller-Than-Expected Production Cut

Crude Plunges After Saudi's Propose Smaller-Than-Expected Production Cut A delegate from another country said some members believe a smaller reduction would be adequate. If Russia contributed around 250,000 bpd, the overall cut could exceed 1.3 million bpd. The OPEC-Russia alliance was made necessary in 2016 to compete with the United States' vastly increased production of oil in recent years. Prices have fallen partly because the United States issued waivers for s... [Full Article...]

Huawei chief financial officer arrested in Vancouver - Telco/ISP - Finance - Security

Huawei chief financial officer arrested in Vancouver - Telco/ISP - Finance - Security Huawei said it was unaware of any wrongdoing by Meng and was provided " very little information" about the charges. A user of China's Twitter-like Weibo platform said Chinese should boycott products made by United States tech giant Apple Inc and instead buy Huawei products to show support for one of China's national champions. [Full Article...]

China silent over pledged action to resolve USA trade impasse

China silent over pledged action to resolve USA trade impasse Among the conflicting assertions that White House officials made was over whether China had actually agreed to drop its 40 percent tariffs on United States autos . Or it might illustrate China's weak commitment to the deal. The White House says China had committed to start buying more American products and lifting tariff and non-tariff barriers immediately, while beginning talks on structur... [Full Article...]

FRENCH CONNECTIONS - Who are the 'gilets jaunes' (yellow vest) protesters?

FRENCH CONNECTIONS - Who are the 'gilets jaunes' (yellow vest) protesters? Demonstrators were back in the streets Tuesday wearing their signature yellow vests . And on a highway near the southern city of Aubagne, protesters took over a toll booth to let vehicles pass for free. "The important thing is that it can be applied as of 1 January", she said. "It's delayed, but there must not be any retreat by the government", Lambert said. [Full Article...]

China trade war truce: 2 reasons why it's unlikely to last

China trade war truce: 2 reasons why it's unlikely to last In addition, the USA said China agreed to "purchase a not yet agreed upon, but very substantial, amount of agricultural, energy, industrial, and other products from the United States". "It is my great honor to be working with President Xi". Trump announced the deal in a two-sentence Twitter post late Sunday. Trump has long railed against China's trade surplus with the United States and Wash... [Full Article...]

US wants ‘concrete’ trade action from China

US wants ‘concrete’ trade action from China Those remarks were echoed by President Trump himself, . who noted his good personal relationship with his Chinese counterpart Xi Jinping in a tweet on Monday. Attorney Michael Avenatti will no longer seek the White House in 2020, he announced in a statement Tuesday. Trump, speaking to reporters on Air Force One after the plane departed Argentina, said his agreement with Xi, will go down "as on... [Full Article...]

12 million pounds of beef being recalled over salmonella fears

12 million pounds of beef being recalled over salmonella fears As of Tuesday, 246 sicknesses in 26 states had been linked to the salmonella outbreak. The products were sold nationwide and have the stamp "EST". The USDA also reminded consumers to cook all ground beef to an internal temperature of 160 degrees Fahrenheit. Older adults, children, pregnant women and people with weakened immune systems, such as cancer patients, are more likely to develop a ... [Full Article...]

US Fed says another rate hike "likely to be warranted fairly soon"

US Fed says another rate hike Gold prices firmed on Thursday as the dollar faltered following dovish comments from US Federal Reserve chair Jerome Powell , calming investor concerns over the pace of rate hikes. Mr Trump blames Mr Powell for the rate hikes that he claims are undermining his economic and trade policies. "This sounds like a more flexible approach to policy for 2019 than the impression created by the notion t... [Full Article...]

China, US hail trade truce but key obstacles still remain

China, US hail trade truce but key obstacles still remain Trump and Xi, who were in the Argentinian capital over the last two days for a summit of G20 countries, had gone into the meeting in a bid to pull the world's top two economies from the brink of a full-fledged trade war. Trump has already imposed new tariffs on about $250 billion worth of Chinese imports, roughly half of all goods China imports to the US every year. [Full Article...]

Powell hints at slower rate-hike pace

Powell hints at slower rate-hike pace The US Dollar basket (DXY) dipped lower but remains in a strong uptrend, underpinned by interest rate expectations. For the stock market, he emphasised that current valuations are broadly in line with the long term levels and do not see "dangerous excesses" in equities. [Full Article...]

Trump raises prospect of import vehicle tariff after GM cutback plan

Trump raises prospect of import vehicle tariff after GM cutback plan The president said that he was "very tough" with GM CEO Mary Barra when speaking with her after the announcement. Trump said it was " highly unlikely " he'll accept China's request to postpone the tariff hike, which will take effect on January 1, 2019. [Full Article...]

Rights Group Urges Argentina to Charge Saudi Crown Prince at G20

Rights Group Urges Argentina to Charge Saudi Crown Prince at G20 Saudi Arabia wants to work more closely with Russian Federation in the fields of nuclear energy and oil, describing it as beneficial for the whole world. "Is his personal financial interest driving USA policy in the Gulf?" He said: "We have an important strategic partnership with Saudi Arabia involving defence and security co-operation which has saved lives on the streets of Britain". [Full Article...]

I don't believe government climate report

I don't believe government climate report In 2014, he penned this tweet: "It's late in July and it is really cold outside in NY". The president's reaction has made it tougher for already-reluctant Republicans to embrace a dramatic response to global warming. Unfortunately, Trump's willingness to ignore the conclusions of experts because it doesn't jibe with what he wants the truth to be isn't isolated to just the climate. [Full Article...]

US Could Tariff iPhones and Laptops Imported from China

US Could Tariff iPhones and Laptops Imported from China US President Donald Trump has said he expected to raise punitive tariff rates on hundreds of billions in Chinese imports as early as January 1, 2019. Shares of Boeing, the single largest USA exporter to China, fell 1.2% and fellow Dow component Caterpillar fell 1.6%, weighing on industrial stocks. [Full Article...]

Alexa can now make Skype calls

Alexa can now make Skype calls One of the neatest features Amazon announced at the launch of its new Echo range in September was integration with Skype , bringing Echo Show into a wider world of person-to-person video conferencing. From the Alexa App, set up your device , then go to the setting option and find Communication and then select Skype to link your account. You'll sign into your Skype account, and that's... [Full Article...]


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