On broader markets Hong Kong was down more than two percent while Shanghai lost more than one percent and Tokyo shed 1.8 percent by the br…
Archive | Markets
Huawei exec’s arrest sends shudders through stock markets
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China’s Huawei finance chief arrested in Canada, faces extradition to US
In a statement, Huawei said Meng was changing flights in Canada when she was detained “on behalf of the United States of America” to face “unspe…
Keep Oil Flowing, Says Trump Ahead Of Oil-Exporting Nations’ Group Meet
His Iraqi counterpart, Thamir Ghadhban, said: “I am optimistic that the agreement will stabilize the market, will stop the slide in the price (o…
Ted Baker shares fall after ‘forced hugging’ complaints
Ted Baker said yesterday that an independent committee of non-executive directors had been appointed to ensure that the views and concerns ment…
Canada’s Alberta province orders drastic oil production cuts to fight price crisis
The price discount between Western Canadian Select (WCS) and West Texas Intermediate (WTI) has fluctuated in recent weeks, reaching around C$4…
CFO for Huawei Technologies arrested in Vancouver, sought for extradition
The Canadian Justice Department arrested Wanzhou Meng in Vancouver on Saturday and U.S. officials want Canada to extradite her, agency represe…
Huawei CFO Wanzhou Meng arrested in Vancouver, faces extradition to U.S.
According to an official statement from a Canadian Justice Department spokesperson, the US government is seeking to extradite Meng from Canada t…
Paris riots continue despite fuel tax delay
France’s largest farmers union now says it will launch protests next week, after the Government said it would delay minimum food price rises un…
Beef Recall Expanded as Salmonella Cases Grow
The beef was sold at stores nationwide . According to the CDC’s timeline, the last 22 people of the 246 hit with salmonella fell ill from Sep…
Contrasting Chinese, US statements on trade war agreement
Markets, however, pulled back sharply after Monday’s rally as doubts crept in over what could realistically get accomplished in the tight negoti…
US President was not Exactly the best seller for NXP
But, as US and China relations deteriorated, the Chinese government later claimed they would block the deal, and Qualcomm announced that they …
Up to 100 million Quora accounts affected by data breach
Quora has started notifying users whose data has been compromised, and will log them out of the site “out of an abundance of caution”. “Once t…
Trump to terminate NAFTA agreement
The President needs to talk to Congress on this. “Just so you understand, when I do that – if for any reason we’re unable to make a deal becau…
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Amazon Wants to Bring its Cashierless Tech to Bigger Stores
Amazon Go, Amazon’s store where you can pick your items and automatically check out, is operating locations in Chicago, Seattle, and San Francis…
Alberta oil cuts will slow Canadian economy next year, banks predict
Rachel Notley calls the move “a short-term measure” amid pipeline bottlenecks. “But right now, they’re being sold for pennies on the dollar”. …
George HW Bush’s Service Dog Sully Pictured By Coffin
Jeb Bush also saluted Sully . A ceremony will be held at the train station as Bush’s casket is loaded onto a Union Pacific train. Sully , …
Trump says close to doing something with China on trade
He said he would decide on a course afterward. But White House aides were still planning for the Putin meeting after Trump’s comments. “So I rea…
US Fed chairman Powell hints at higher rates following Trump attack
Jerome Powell’s speech essentially said the economy is doing well, and asset prices are not in a bubble, but that rates are close to “neutral” a…
Xi, Trump reach consensus, agree not to impose new additional tariffs
And Beijing agreed to reconsider a takeover by USA chipmaker Qualcomm that it had previously blocked. At June’s Group of 7 meeting in Canada, …
US Oil Production Surge Keeps Pressure on OPEC+ to Cut Supply
Russian Federation and Saudi Arabia agreed to extend into 2019 their agreement to manage the oil market, known as OPEC+ at the weekend’s G20…
Qatar pulls out of Opec oil producers’ cartel
He added, “Qatar has worked diligently during the past few years to develop a future strategy based on growth and expansion, both in its activit…
Fed likely to raise rates in December but concerns mounting: minutes
In a speech to the Economic Club of New York, Mr Powell said: “Interest rates are still low by historical standards, and they remain just below …
Argentina gets ready for the G20 summit
The Group of 20 Summit of global leaders in Buenos Aires , Argentina opened on Friday under various political and economic clouds. Official…
Trump raises prospect of import vehicle tariff after GM cutback plan
Trump said on Twitter that the 25 percent tariff placed on imported pickup trucks and commercial vans from markets outside North America in the …
Trump joins Canada, Mexico leaders to sign new trade pact
Trump himself acknowledged that it hadn’t been easy, but said “battles sometimes make great friendships”. While praising the “historic” natur…
Powell hints at slower rate-hike pace
Powell’s comments sparked a surge in a stock market that had struggled of late and came in the wake of repeated criticism of the Fed’s rate incr…
New North American Trade Pact Signed
Canada will put pen to paper on its new trade pact with the US and Mexico on Friday, even though officials were still combing through the fine p…
The price of oil has updated the annual minimum
Earlier the President of Russia Vladimir Putin has called the oil price of 60 dollars “quite acceptable” for the country. “Certainly, we are…
Dow up 600 points as Fed chief says interest rates near neutral
However, market analyst Daniel Geltrude said that Powell’s statement Wednesday that interest rates are “just under” where they need to be fo…
Trudeau, Trump and Pena Nieto set to sign USMCA
The deal comes after more than a year of negotiations between the parties, with agreement on new auto and dairy industry regulations proving par…