Money


Mnuchin insists U.S. reached 'fundamental agreement' in China trade talks Mnuchin insists U.S. reached 'fundamental agreement' in China trade talks
- October 14, 2019

The S&P 500 Index was little changed, Europe's Stoxx 600 fell and the yen rose as investors grew pessimistic on the handshake deal. As part of a cease-fire deal announced Friday, China agreed to buy up to $50 billion in USA farm products, while the Trump administration said it would suspend a tariff increase on $250 billion worth of Chinese imports that was set to take effect Tuesday. (more...)
Oil, Iran top agenda as Russia's Putin visits Saudi Arabia Oil, Iran top agenda as Russia's Putin visits Saudi Arabia
- October 14, 2019

On the eve of Putin's trip, USA troops were evacuating northern Syria as their erstwhile Kurdish allies struck a deal with Assad's Russian-backed army aimed at halting a Turkish offensive. "We condemn any such actions, end of story". "I said yes, we are ready to share anything that might be necessary, everything we have for a thorough investigation", Putin told the media. (more...)
Porsche unveils the mid-range Taycan 4S EV Porsche unveils the mid-range Taycan 4S EV
- October 14, 2019

The Taycan 4S uses the same powertrain layout as the Turbo and Turbo S models. Following the Taycan Turbo S and the Taycan Turbo , the Taycan 4S is therefore the new model in the series. The Taycan 4S comes with Porsche's 4D adaptive chassis, as well as a three-chamber air suspension. The Turbo, meanwhile, has 20-inch wheels (21s on the Turbo S), and Porsche's Surface-Coated brakes are standard. (more...)
GM offers contract directly to employees as UAW talks lack progress GM offers contract directly to employees as UAW talks lack progress
- October 14, 2019

The bump in strike pay comes ahead of the previously scheduled increase on January 1, 2020 and less than one week after top GM and UAW negotiators met with GM Chief Executive Officer Mary Barra in Detroit . Details of the revised GM contract offer made earlier this week first emerged in a screen shot posted on Facebook by an ABC-TV affiliate in Flint, Michigan. (more...)
Federal Reserve to buy $60 billion treasury bills every month Federal Reserve to buy $60 billion treasury bills every month
- October 13, 2019

But some strategists say the right level of reserves is between $1.6 trillion and $1.8 trillion. "Purchases will be in addition to the ongoing purchases related to run off of holdings of mortgage-backed securities". The 10-year Treasury falls, pushing yield up nearly 7 basis points to 1.74%; ( TLT -1.3%), ( TBT +2.6%). A man walks past the Federal Reserve Bank in Washington, December 16, 2015. (more...)
SEC blocks Telegram's $1.7 billion cryptocurrency plans in the US SEC blocks Telegram's $1.7 billion cryptocurrency plans in the US
- October 13, 2019

According to the complaint filed with the federal district court in Manhattan, TON Issuer Inc. has been raising capital for the said project since January a year ago. Telegram , as Coinfomania reported , had promised to deliver Gram tokens to investors before the end of October 31, 2019, but the SEC has now stepped in a move created to stop billions of Gram tokens from entering the U.S market. (more...)
Uber acquires Cornershop to delivery grocery Uber acquires Cornershop to delivery grocery
- October 13, 2019

Uber, the ride share company that has had trouble making a profit after going public in recent months, announced on Friday that it would be acquiring the Latin American food delivery service Cornershop as it aims to expand its services in Latin America. (more...)
Arab League chief says Turkey's operation in Syria Arab League chief says Turkey's operation in Syria "military invasion"
- October 13, 2019

If the Turkish attack continued, SDF priorities would change with regards to guarding IS detainees and "we will move to protect our cities and our people", Xelil said in answer to a question. "As a precaution, we ceased fire upon receiving information from the U.S. We firmly reject the claim that U.S. or Coalition forces were fired upon". (more...)
Turkey-backed Syrian rebels seize border town's centre Turkey-backed Syrian rebels seize border town's centre
- October 13, 2019

He said he had never left the United States before 2017, when he traveled to northeast Syria and spent ten months fighting against Islamic State alongside the YPG, a group that he said "shared so many American values". Donald Trump has said quite publically that since Kurds are fighting for their own land and didn't come to U.S. aid during World War II, the USA has no obligation to help them. (more...)
Dyson scraps plans to build electric cars Dyson scraps plans to build electric cars
- October 13, 2019

Dyson selected Singapore - a country that does not have any existing auto manufacturing - to build the vehicle, which was targeted at markets in China and elsewhere in Asia. In particular Dyson is pleased with the development that have been made with batteries within the company. Additionally, the businessman also noted that the company is working quickly to find alternative roles within Dyson for as many employees who worked the project, and there are enough vacancies to absorb most of the ... (more...)
Germany halts arms exports to Turkey following offensive in Syria - Foreign Minister Germany halts arms exports to Turkey following offensive in Syria - Foreign Minister
- October 13, 2019

Turkey on Wednesday launched Operation Peace Spring to eliminate terrorists from northern Syria in order to secure Turkey's borders, aid in the safe return of Syrian refugees , and ensure Syria's territorial integrity. Milley said he had just spoken with the chief of the Turkish General Staff, General Yasar Guler, who he said "understands clearly" that the prisoners would be Ankara's responsibility in the areas where it carries out the offensive. (more...)
Toyota RAV4 plug-in hybrid revealed ahead of LA Auto Show debut Toyota RAV4 plug-in hybrid revealed ahead of LA Auto Show debut
- October 13, 2019

Eight vehicles will be eligible for the new warranty: the Avalon Hybrid , Camry Hybrid , Corolla Hybrid , Highlander Hybrid , Prius , Prius Prime plug-in hybrid , RAV4 Hybrid , and Mirai fuel-cell vehicle . Seen here in a new Supersonic Red hue, the RAV4 plug-in hybrid will also feature subtle model-specific styling cues. Being able to cover 20 to 25 miles on electricity sounds plausible, as the Prius Prime has an electric range of 25 miles. (more...)
Turkish-led forces taken Syrian border town Turkish-led forces taken Syrian border town
- October 13, 2019

It marked the biggest gain made by Turkey since the invasion began Wednesday. President Donald Trump has faced a firestorm of criticism for appearing to greenlight Turkey's offensive into northeastern Syria, which began after Trump ordered United States troops to pull back from the border. (more...)
EU, Britain to intensify talks on a Brexit deal EU, Britain to intensify talks on a Brexit deal
- October 12, 2019

After the Irish prime minister (or "taoiseach") Leo Varadkar suggested that a deal could still be done on-time following one-on-one talks with Prime Minister Johnson and a meeting between Barnier and Britain's Brexit Secretary Stephen Barclay, however, the word has gone out that "tunnel" negotiations may (or may not) be on the cards - although few reporters have elaborated on what this actually means. (more...)
EIA downgrades forecast for crude oil prices EIA downgrades forecast for crude oil prices
- October 12, 2019

The heads of the world's biggest trading houses, Vitol, Trafigura and Gunvor, told the annual Oil and Money conference in London that oil will weaken next year to around $50 per barrel due to slowing global demand. Oil rose on Wednesday following media reports that China was open to agreeing a partial trade deal with the United States, while Turkey's military operation in northern Syria also supported prices as it could impact regional oil production. (more...)
Unemployment rate down after country adds 54000 jobs in September, StatCan says Unemployment rate down after country adds 54000 jobs in September, StatCan says
- October 12, 2019

Nationally, the numbers surpassed analysts' expectations of a gain of 10,000 jobs, according to financial markets data firm Refinitiv, after an August jump of 81,000. BMO chief economist Doug Porter said that despite the rock-solid growth in job numbers over the last year, the broader economy remains lacklustre with year-over-year GDP growth crawling along at 1.3 per cent. (more...)
Boston branch of Thomas Cook (and all 554 others) to re-open Boston branch of Thomas Cook (and all 554 others) to re-open
- October 12, 2019

All 555 Thomas Cook stores are to be bought by Hays Travel, it has been revealed. Public and private partners worked together to host the event at Manchester Airport, where former Thomas Cook staff were provided with advice and information. (more...)
Renault CEO dismissed in latest leadership overhaul Renault CEO dismissed in latest leadership overhaul
- October 12, 2019

Mr Bollore, who had always been Ghosn's right-hand man, was promoted to help steady Renault this year, with Jean-Dominique Senard hired from Michelin as chairman. A number of Renault's top executives also left the company recently, with many of them heading to rival PSA, indicating that relations with Bollore are not what they should be. (more...)
Apple Inc. (NASDAQ:AAPL) COO Jeffrey E. Williams Sells 67,554 Shares Apple Inc. (NASDAQ:AAPL) COO Jeffrey E. Williams Sells 67,554 Shares
- October 12, 2019

Apple accounts for approximately 3.7% of Baldwin Brothers Inc. MA's holdings, making the stock its 3rd biggest position. Other hedge funds also recently made changes to their positions in the company. The company has a consensus rating of "Buy" and a consensus price target of $223.22. In related news, CFO Luca Maestri sold 61,659 shares of the stock in a transaction that occurred on Monday, October 7th. (more...)
Visa, Mastercard shun Facebook's Libra digital currency plan Visa, Mastercard shun Facebook's Libra digital currency plan
- October 12, 2019

The companies join PayPal Holdings Inc which exited the Libra Association just a week ago, as global regulators continue to air concerns about the project. "We are focused on moving forward.to achieve a safe, transparent, and consumer-friendly implementation of a global payment system that breaks down financial barriers for billions of people". (more...)

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