Money
US Fed chairman Powell hints at higher rates following Trump attack
- November 30, 2018
The Fed chair's latest statements come after a barrage of criticism from Trump. Powell hinted that although the key lending rate might move higher, there is no preset course. Powell has dismissed the unprecedented political attacks from Trump, saying they have no influence on deliberations of the independent central bank. (more...)
- November 30, 2018
The Fed chair's latest statements come after a barrage of criticism from Trump. Powell hinted that although the key lending rate might move higher, there is no preset course. Powell has dismissed the unprecedented political attacks from Trump, saying they have no influence on deliberations of the independent central bank. (more...)
No easy remedy for US-China tensions
- November 30, 2018
Johnson's decision in 1964 to impose a 25% tariff on light trucks coming into the US. China, while it has imposed retaliatory tariffs of its own on more than US$100b of U.S. The White House economic adviser did not comment on whether China had made offers of concessions, further feeling suspicions of a trade stand-off between the pair. (more...)
- November 30, 2018
Johnson's decision in 1964 to impose a 25% tariff on light trucks coming into the US. China, while it has imposed retaliatory tariffs of its own on more than US$100b of U.S. The White House economic adviser did not comment on whether China had made offers of concessions, further feeling suspicions of a trade stand-off between the pair. (more...)
Sentiment Shift Coming with Russia Joining OPEC in Cutting Production
- November 30, 2018
While oversupply concerns were fueled by American exemptions on sanctioned Iranian oil, a trade dispute between the US and China has threatened to hurt demand. European oil benchmark Brent stood at just under $60 on Wednesday, while its U.S. counterpart WTI hovered just above $51. But since reaching four-year highs in October, oil prices have plunged around 30 percent as worries about falling demand in a slowing world economy have taken their toll. (more...)
- November 30, 2018
While oversupply concerns were fueled by American exemptions on sanctioned Iranian oil, a trade dispute between the US and China has threatened to hurt demand. European oil benchmark Brent stood at just under $60 on Wednesday, while its U.S. counterpart WTI hovered just above $51. But since reaching four-year highs in October, oil prices have plunged around 30 percent as worries about falling demand in a slowing world economy have taken their toll. (more...)
Theresa May accuses Labour of pushing Britain towards a no-deal Brexit
- November 30, 2018
It reaches a wider audience and the timing looked good to me because it's not inconveniencing people who want to watch other things later in the evening. Her claim is likely to be challenged by critics who say that the United Kingdom is still far off a deal on the future terms of trade with the European Union following the post-Brexit transition period which lasts until December 2020. (more...)
- November 30, 2018
It reaches a wider audience and the timing looked good to me because it's not inconveniencing people who want to watch other things later in the evening. Her claim is likely to be challenged by critics who say that the United Kingdom is still far off a deal on the future terms of trade with the European Union following the post-Brexit transition period which lasts until December 2020. (more...)
Not just jobs riding on fate of GM plant after Trump promise
- November 30, 2018
While the decision to close the plants appears more related to the industry trends and consumer demand, experts told Business Insider that Trump's tariffs on steel and aluminum - which GM says have helped drive up its costs by $1 billion this year - most likely accelerated GM's timeframe. (more...)
- November 30, 2018
While the decision to close the plants appears more related to the industry trends and consumer demand, experts told Business Insider that Trump's tariffs on steel and aluminum - which GM says have helped drive up its costs by $1 billion this year - most likely accelerated GM's timeframe. (more...)
What to expect from the G20 meeting between Trump and Xi
- November 30, 2018
He'll pack eight high-level meetings with foreign leaders into the two-day visit. There are mixed signals coming out of the White House. Trump again ridiculed probes into the allegations and accused his former lawyer Michael Cohen of lying, after Cohen pled guilty to misleading Congress. (more...)
- November 30, 2018
He'll pack eight high-level meetings with foreign leaders into the two-day visit. There are mixed signals coming out of the White House. Trump again ridiculed probes into the allegations and accused his former lawyer Michael Cohen of lying, after Cohen pled guilty to misleading Congress. (more...)
Microsoft has caught up to Apple in market value
- November 30, 2018
Microsoft briefly surpassed Apple as the most valuable company in the world Monday as the market cap of Microsoft's stock traded above Apple's. Microsoft has continued to face intense pressure from Apple, which reached a record high of more than $1 trillion earlier this year. (more...)
- November 30, 2018
Microsoft briefly surpassed Apple as the most valuable company in the world Monday as the market cap of Microsoft's stock traded above Apple's. Microsoft has continued to face intense pressure from Apple, which reached a record high of more than $1 trillion earlier this year. (more...)
Deutsche Bank headquarters raided over money laundering
- November 29, 2018
The Panama Papers are a trove of documents from a law firm that handled shell companies for thousands of the rich and powerful around the world. The investigation is separate from another money laundering scandal surrounding the Danish lender Danske Bank , where Deutsche Bank is involved. (more...)
- November 29, 2018
The Panama Papers are a trove of documents from a law firm that handled shell companies for thousands of the rich and powerful around the world. The investigation is separate from another money laundering scandal surrounding the Danish lender Danske Bank , where Deutsche Bank is involved. (more...)
Nasdaq plans to launch bitcoin futures in early 2019
- November 29, 2018
WIth the help of a partnership with investment management firm VanEck , the Nasdaq stock exchange will be the second major stock exchange to have Bitcoin futures in the United States, as said in an announcement made at the Consensus: Invest conference . (more...)
- November 29, 2018
WIth the help of a partnership with investment management firm VanEck , the Nasdaq stock exchange will be the second major stock exchange to have Bitcoin futures in the United States, as said in an announcement made at the Consensus: Invest conference . (more...)
May won't rule out no-deal Brexit; bank says firms not ready
- November 29, 2018
Liberal Democrat MP Layla Moran, a supporter of the Best for Britain campaign, said: "I do not believe that people who voted Leave or Remain voted to give their families less money at the end of the month". This would arise from additional tariffs and non-tariff barriers. "The Bank of England is all over the place". With less than a fortnight to go before the meaningful vote on Theresa May's Brexit deal, more details are emerging about how the government will structure the vote - and their ... (more...)
- November 29, 2018
Liberal Democrat MP Layla Moran, a supporter of the Best for Britain campaign, said: "I do not believe that people who voted Leave or Remain voted to give their families less money at the end of the month". This would arise from additional tariffs and non-tariff barriers. "The Bank of England is all over the place". With less than a fortnight to go before the meaningful vote on Theresa May's Brexit deal, more details are emerging about how the government will structure the vote - and their ... (more...)
Tory says closure of Oshawa GM plant will impact Toronto's economy
- November 29, 2018
Unifor president Jerry Dias said General Motors "just showed the president of the United States and the prime minister of Canada their middle finger" by moving production out of Canada and the USA and threatening the jobs of about 2,500 workers he represents at the Oshawa plant. (more...)
- November 29, 2018
Unifor president Jerry Dias said General Motors "just showed the president of the United States and the prime minister of Canada their middle finger" by moving production out of Canada and the USA and threatening the jobs of about 2,500 workers he represents at the Oshawa plant. (more...)
Bloodbath in Cryptocurrency Market Continues, Bitcoin Slips Below $5000
- November 29, 2018
Software developers released a new version of Bitcoin Cash , which was itself a "fork" from the original Bitcoin blockchain. "I do believe BTC has a compelling use-case as a store of value, particularly in countries experiencing hyperinflation (Iran, Turkey, Venezuela), but to assume it will capture sizable market share from Private Banks in markets such as the US, Switzerland, Singapore, Germany, Netherlands, etc. (more...)
- November 29, 2018
Software developers released a new version of Bitcoin Cash , which was itself a "fork" from the original Bitcoin blockchain. "I do believe BTC has a compelling use-case as a store of value, particularly in countries experiencing hyperinflation (Iran, Turkey, Venezuela), but to assume it will capture sizable market share from Private Banks in markets such as the US, Switzerland, Singapore, Germany, Netherlands, etc. (more...)
Crude Oil Trades Bearish - All Hopes turn to G20 & OPEC's Meeting
- November 29, 2018
Indeed, on Friday prices of United States oil fell 7 percent, sinking even deeper into a bear market that has comparatively raised investor concern. Speaking of Saudi Arabia, the region's Energy Minister Khalid al Falih said that their output, this month, would definitely surpass October's production. (more...)
- November 29, 2018
Indeed, on Friday prices of United States oil fell 7 percent, sinking even deeper into a bear market that has comparatively raised investor concern. Speaking of Saudi Arabia, the region's Energy Minister Khalid al Falih said that their output, this month, would definitely surpass October's production. (more...)
Senators debate back-to-work legislation for Canada Post workers
- November 29, 2018
Once enacted, Bill C-89 would impose fines of between $1,000 and $50,000 per day on anyone found in contravention of the Act, and up to $100,000 per day against Canada Post or the union if they are found guilty of violating its terms. However, Hajdu insisted Tuesday that the previous bill, introduced by the former Conservative government, was very different than that passed by her government. (more...)
- November 29, 2018
Once enacted, Bill C-89 would impose fines of between $1,000 and $50,000 per day on anyone found in contravention of the Act, and up to $100,000 per day against Canada Post or the union if they are found guilty of violating its terms. However, Hajdu insisted Tuesday that the previous bill, introduced by the former Conservative government, was very different than that passed by her government. (more...)
Wall Street surges as Fed hints at slower interest rate hikes
- November 29, 2018
Jerome Powell, the man President Donald Trump chose previous year to lead the Federal Reserve, may at times think he's living through a prolonged episode of the "The Apprentice", the reality TV show in which Trump was famous for declaring, "You're fired!" The president, who selected Mr Powell to lead the bank a year ago, has also said he is not happy with his pick. (more...)
- November 29, 2018
Jerome Powell, the man President Donald Trump chose previous year to lead the Federal Reserve, may at times think he's living through a prolonged episode of the "The Apprentice", the reality TV show in which Trump was famous for declaring, "You're fired!" The president, who selected Mr Powell to lead the bank a year ago, has also said he is not happy with his pick. (more...)
Kudlow plays up prospect ‘deal can be made’ between Trump and Xi
- November 28, 2018
President Donald Trump will meet his Turkish counterpart Recep Tayyip Erdoğan during the G20 summit in Argentina, Trump's top security aide said November 27. He added that there will also be discussion around the United States emerging as "the dominant energy power in the world today". "And if it's not made, we will be taking in billions and billions of dollars", said Trump. (more...)
- November 28, 2018
President Donald Trump will meet his Turkish counterpart Recep Tayyip Erdoğan during the G20 summit in Argentina, Trump's top security aide said November 27. He added that there will also be discussion around the United States emerging as "the dominant energy power in the world today". "And if it's not made, we will be taking in billions and billions of dollars", said Trump. (more...)
Quarter of UK pubs closed since 2008
- November 28, 2018
More than 11,000 pubs have closed, leaving around 39,000 across the United Kingdom, the ONS said. Finally, a glimmer of hope amid the headlines of restaurants and pubs going bust : a new report from the Office of National Statistics (ONS) reveals that employment in pubs is on the rise and industry turnover is stable, shedding light on how the pub trade is compensating for the staggering number of closures over the past decade. (more...)
- November 28, 2018
More than 11,000 pubs have closed, leaving around 39,000 across the United Kingdom, the ONS said. Finally, a glimmer of hope amid the headlines of restaurants and pubs going bust : a new report from the Office of National Statistics (ONS) reveals that employment in pubs is on the rise and industry turnover is stable, shedding light on how the pub trade is compensating for the staggering number of closures over the past decade. (more...)
TRUMP STRIKES BACK: The President Considers 'Cutting' All GM Subsidies over Closures
- November 28, 2018
At the factories, around 3,300 blue-collar workers could lose jobs in Canada and another 2,600 in the USA, but some US workers could transfer to truck or SUV factories that are increasing production. President Trump lambasted General Motors in a tweet on Tuesday, just one day after the auto manufacturer announced it was cutting 15 percent of its North American workforce and halting production at several plants. (more...)
- November 28, 2018
At the factories, around 3,300 blue-collar workers could lose jobs in Canada and another 2,600 in the USA, but some US workers could transfer to truck or SUV factories that are increasing production. President Trump lambasted General Motors in a tweet on Tuesday, just one day after the auto manufacturer announced it was cutting 15 percent of its North American workforce and halting production at several plants. (more...)
Asia markets tested by Trump warning on China
- November 28, 2018
European markets opened subdued, but dipped as trading progressed. "Until we get more clarification on the trade front, we are going to see some choppy waters", said Ryan Nauman, Market Strategist at Informa Financial Intelligence, Zephyr Cove, Nevada. (more...)
- November 28, 2018
European markets opened subdued, but dipped as trading progressed. "Until we get more clarification on the trade front, we are going to see some choppy waters", said Ryan Nauman, Market Strategist at Informa Financial Intelligence, Zephyr Cove, Nevada. (more...)
Microsoft has caught up to Apple in market valuation
- November 27, 2018
Since stock prices continue to fluctuate, Microsoft and Apple are still vying for the title of being the most valuable US company. Microsoft hit an overall market capitalisation of $812.9 billion yesterday evening on Wall Street - just ahead of Apple's $812.6 billion, according to Bloomberg News. (more...)
- November 27, 2018
Since stock prices continue to fluctuate, Microsoft and Apple are still vying for the title of being the most valuable US company. Microsoft hit an overall market capitalisation of $812.9 billion yesterday evening on Wall Street - just ahead of Apple's $812.6 billion, according to Bloomberg News. (more...)
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Trump calls trade war with China 'a little squabble'