Markets

Markets Trump thanks farmers for backing him through China trade war
Author: 0 Trump thanks farmers for backing him through China trade war

Treasury Secretary Steven Mnuchin said Trump's efforts to rebalance U.S. ties with its major trading partners were bearing fruit, and boosting U.S. economic growth. The president argued additional benefits would be realized under his Nafta reboot, the U.S. -Mexico-Canada Agreement, which improves market access for American dairy, poultry and eggs in the two neighboring countries.

Markets US, China sign 'phase 1' of trade deal
Author: 0 US, China sign 'phase 1' of trade deal

The 86-page agreement includes a pledge that Beijing will make at least $32.9 billion in additional agricultural purchases over the next two years, though the Trump administration says China will attempt to buy more. "From President Trump's perspective, it gives him a victory of sorts", Alden said. Experts estimate that USA exports to China this year would pass the $260 billion mark in the next 12 months.

Markets China Automobile Sales Fall 8.2% In 2019: CAAM
Author: 0 China Automobile Sales Fall 8.2% In 2019: CAAM

After a three-month transition period that ended on June 25 a year ago, local governments stopped subsidizing purchases of NEVs other than new energy buses and fuel cell vehicles, resulting in sharper declines of NEVs sales in the latter half of 2019.

Markets Will Bitcoin Soar in 2020?
Author: 0 Will Bitcoin Soar in 2020?

As news of the air strike last Friday broke across the globe, bitcoin increased 5 percent. "Gold prices will keep climbing in 2020 and so should Bitcoin", said the senior analyst. For instance, in August it jumped as global stocks were rocked by the devaluation of China's yuan during the trade war with the US. One factor that should be closely considered when determining the macro trend of Bitcoin and other digital assets is the percentage of wallet addresses that are "in the money".

Markets Iran was plotting attack on four US embassies before Soleimani killing
Author: 0 Iran was plotting attack on four US embassies before Soleimani killing

The European Union has said it "will spare no effort" in its attempts to keep alive the JCPOA, which was aimed at preventing Iran from developing atomic weapons . The measure would "terminate the use of United States Armed Forces to engage in hostilities in or against Iran". Pompeo was asked at Friday's White House session.

Markets Petrol price increased by Rs2.61 per litre
Author: 0 Petrol price increased by Rs2.61 per litre

The price of High Speed Diesel (HSD) has been revised with a difference of Rs2.25. The department said average worldwide product prices for petrol decreased while those of diesel and illuminating paraffin increased during the period under review.

Markets U.S. suspends new tariffs after reaching phase one deal with China
Author: 0 U.S. suspends new tariffs after reaching phase one deal with China

In an article published Thursday, Bloomberg News and The Washington Post cited people familiar on the latest developments in ongoing talks between the USA and China as saying that Washington's negotiators have settled on the conditions of a phase-one trade deal with their Beijing counterparts.

Markets Maryland company surprises employees with $10 million bonus
Author: 0 Maryland company surprises employees with $10 million bonus

John said in the video. "I couldn't think of a better way to show it", he added. "What happened tonight was magical", one tearful employee said of the gift. "Everybody is important in this company and everybody performs in this company, they really do", he said. Larry Maykrantz, the company's president, asked the crowd to an eruption of cheers.

Markets United Kingdom economy flatlines in October as construction shrinks
Author: 0 United Kingdom economy flatlines in October as construction shrinks

UK GDP was flat in the three months to October 2019, according to the latest data from the Office for National Statistics . However, the single currency struggled to capitalise on today's positive data as the outlook for the Eurozone's economy still remains bleak amid the EU's trade tensions with the USA and slower global growth.

Markets Saudi Aramco's bookrunners recommend IPO should be priced at top end
Author: 0 Saudi Aramco's bookrunners recommend IPO should be priced at top end

But Saudi Crown Prince Mohammed bin Salman isn't leaving anything to chance. Aramco's market debut is meant to help diversify Saudi Arabia's economy away from its overwhelming reliance on petroleum. Security risks remain high on that list, as well as climate change and the company's dependence on demand from Asia, its prospectus said. In terms of this amount, Aramco has become the highest fundraising company through IPO .

Markets BC economy sheds 18200 jobs in November
Author: 0 BC economy sheds 18200 jobs in November

October's gain of 128,000 jobs was revised to 156,000 - while September's uptick of 180,000 was revised higher a second time to 193,000. Monthly revisions come from additional reports submitted by businesses and government agencies, and from the recalculation of seasonal factors.

Markets Uber's first safety review contains thousands of sexual assault reports
Author: 0 Uber's first safety review contains thousands of sexual assault reports

Despite the increase in raw numbers, Uber saw a 16% decrease in the average incident rate, which it suggests may correlate with the company's increased focus on safety as of late. "The public responses to this transparency report or similar public reporting of safety incidents claimed to have occurred on our platform ... may result in negative media coverage and increased regulatory scrutiny and could adversely affect our reputation with platform users", the company says in the filing.

Markets Oil on track for big weekly gain as OPEC+ agree output cuts
Author: 0 Oil on track for big weekly gain as OPEC+ agree output cuts

OPEC met on Thursday in Vienna , deliberating policy for more than five hours. Opec has been reining in its production for the last three years to help the oil market recover after plunging to 12-year lows in early 2016. Prices have held relatively steady since the last OPEC meeting, with a barrel of Brent crude hovering around the $60 mark, apart from a spike in September sparked by attacks on Saudi oil installations.

Markets Oil extends gain as Opec crude production slips before meeting
Author: 0 Oil extends gain as Opec crude production slips before meeting

Saudi Aramco's stock market debut , which is expected Friday, has put Saudi Arabia in a precarious position as it bets on what volume of oil production will hit a sweet spot for prices, with the added pressure of considering the interests of the state-run oil giant's shareholders.

Markets Stocks slide on Wall Street over new trade war concerns
Author: 0 Stocks slide on Wall Street over new trade war concerns

Growing optimism among investors that the USA and China were making progress toward a limited trade deal helped pave the way for gains in the market in recent weeks. The S&P 500 and Nasdaq are up by more than 24%, while the Dow is up almost 20%. On Thursday, Nov. 21, Chinese Ministry of Commerce spokesman Gao Feng stated that Beijing is still collaborating with Washington over the trade deals, adding that Chinese authorities are committed to working toward an agreement .

Markets GIGA BERLIN, tweets Musk, in Tesla's latest 'big reveal'
Author: 0 GIGA BERLIN, tweets Musk, in Tesla's latest 'big reveal'

Musk also revealed that the site will include a battery line and an R&D center, according to CNBC . Bringing a Tesla plant to Europe has been on Musk's mind for a few years now; until now, it seemed that the United Kingdom had been one of the CEO's locations of choice.

Author: 0 Tesla announces its next vehicle factory will be near Berlin

Tesla said it would build its next factory near Berlin, along with an engineering and design center. The announcement comes just as Tesla has started selling cars built at its new plant located in Shanghai, China . Back in late 2016 Elon Musk said Brexit wasn't really an issue when it came to expanding into the United Kingdom and Europe. Germany's biggest labor union, the influential IG Metall, welcomed Tesla's plan.

Markets Wealth of the world's 2,101 billionaires falls … to $8.5 trillion
Author: 0 Wealth of the world's 2,101 billionaires falls … to $8.5 trillion

UBS's head of ultra-high net worth clients, Josef Stadler , said that the billionaire wealth dipped in 2018 for the first time since 2008 because of geopolitics. Tech was also the only industry that saw billionaire wealth increase in 2018 - rising to $1.3 trillion. It found the billionaire-controlled companies were more profitable as well.

Markets Virgin Galactic set to go public on NYSE Monday
Author: 0 Virgin Galactic set to go public on NYSE Monday

The Richard Branson company merged last week with Social Capital Hedosophia, a NY investment firm already listed on the NYSE, allowing Virgin Galactic to bypass the standard stock offering process. Virgin Galactic has raised more than $1 billion since it was founded in 2004, initially from Branson, with an Abu Dhabi investment company taking a stake in 2010.

Markets UK's First Chick-fil-A Is Shutting Down After LGBTQ Protests
Author: 0 UK's First Chick-fil-A Is Shutting Down After LGBTQ Protests

Though Reading Pride stated " we respect everyone's freedom to eat wherever they choose ", the group nonetheless celebrated The Oracle's decision not to extend Chick-Fil-A's lease. The Oracle shopping center, in which the new store was based, has announced that it will not be extending Chick-fil-A's six-month lease due to ongoing protests and calls for boycotts, the BBC reports .

Markets Erdogan says Turkey will never declare ceasefire in northern Syria
Author: 0 Erdogan says Turkey will never declare ceasefire in northern Syria

The measure underscores an overwhelming congressional consensus that Trump's decision has damaged US interests in the region and helped adversaries, including the Islamic State , Russia and Iran. Trump's comments came during a Rose Garden ceremony celebrating the Stanley Cup-winning St. Louis Blues. Russian state media said on Wednesday Syrian government forces had occupied bases abandoned by USA troops.

Markets Hong Kong Protests Escalate: What You Need To Know
Author: 0 Hong Kong Protests Escalate: What You Need To Know

US -based analysts and former officials have seized on the more recent developments involving Apple and Hong Kong . It wasn't clear what the response would be, but Hong Kong's Hospital Authority canceled afternoon appointments at 13 outpatient clinics "in view of the traffic situation.

Markets United Kingdom debt burden to rocket under no-deal Brexit, says think-tank
Author: 0 United Kingdom debt burden to rocket under no-deal Brexit, says think-tank

In its Green Budget report, the think tank said: "Given the massive uncertainty over the direction of the economy and public finances, it is hard to conceive of a set of fiscal rules in the short term that would be appropriately constraining and give the chancellor flexibility to respond to bad economic news".

Markets Future of Pizza Express in Grantham uncertain as large debts revealed
Author: 0 Future of Pizza Express in Grantham uncertain as large debts revealed

Financial specialists Bloomberg is reporting Pizza Express has appointed financial advisor Houlihan Lokey to "prepare for talks with is creditors". Pizza Express' rival Prezzo shut down the majority of its restaurants last year and Jamie Oliver's Italian chain filed for insolvency in May this year.

Markets Corn, soybean harvest lagging behind
Author: 0 Corn, soybean harvest lagging behind

Harvest is underway in Nebraska, according to the weekly USDA National Agricultural Statistics Service crop report. Thirty-six percent of the crop reached maturity, 18 days behind past year and 2 weeks behind average. "Unfortunately it looks like the Black Sea region and Europe will continue to dominate such tenders with US wheat not seen with much of a chance", one trader said.

Markets WeWork CEO stepping aside amid questions about company
Author: 0 WeWork CEO stepping aside amid questions about company

Artie Minson, now chief financial officer of WeWork parent We Company, and Sebastian Gunningham, a vice chairman for the New York-based start-up, will become co-chief executives, the sources said. The board tally comes as Neumann faces growing pressure to step down as head of the upscale office rental company amid questions over his leadership, including a troubled stock offering and a recent report that a jet owner had to recall a plane Neumann was on after the crew found marijuana shoved ...

Markets Saudi Arabia to restore full oil output by next week
Author: 0 Saudi Arabia to restore full oil output by next week

Rouhani is also slated to join other world leaders at the UN General Assembly that kicks off in NY on September 24. The Houthis have launched numerous drone, missile and rocket attacks on the Gulf kingdom. Speaking to reporters before boarding his flight, Rouhani said his delegation was heading to the United Nations gathering despite reluctance from the Trump administration to issue them visas.