Canada Arrests Huawei Executive; China Demands Her Immediate Release

An anonymous Canadian law-enforcement source told The Globe and Mail that the United States is alleging Meng tried to evade US sanctions against Iran. The Globe and Mail newspaper cited law enforcement sources as saying she is suspected of tryin... More..

by | Published 12 days ago
Trade Talks With China To End On March 1 Unless Extended
by | Thursday, December 06, 2018

Trade Talks With China To End On March 1 Unless Extended

As White House officials fanned out to talk up what US President Donald Trump called "an incredible deal" with China to hit pause in their trade war , Beijing has said little on a pact that cheered marke...More..

France protests: Fuel tax rises in 2019 budget dropped
by | Thursday, December 06, 2018

France protests: Fuel tax rises in 2019 budget dropped

The so-called "yellow vest " protesters have still vowed to stage demonstrations alongside trade unions and farmers.Jacline Mouraud, the self-proclaimed spokesperson for the "yellow vests", told The Associat...More..

Oil prices skid amid global stock market slump, swelling USA supply
by | Thursday, December 06, 2018

Oil prices skid amid global stock market slump, swelling USA supply

Hook has come to Vienna to apply for United States membership in OPEC, and this is the reason why he meets OPEC members, the request can be reviewed", Zanganeh told SHANA. The slide in U.S. oil followed a tum...More..

Moe will not cut oil production despite pleas from Alberta's opposition leader
by | Thursday, December 06, 2018

Moe will not cut oil production despite pleas from Alberta's opposition leader

Analysts said cuts could reduce demand by up to 70,000 bpd. Mayor Ted Clugston has already said the efforts are "too little, too late". While praising her main opponents in the Alberta legislature, Notley...More..

China's Huawei Technologies CFO arrested in Canada, faces extradition to US
by | Thursday, December 06, 2018

China's Huawei Technologies CFO arrested in Canada, faces extradition to US

Authorities in Canada have arrested Meng Wanzhou, chief financial officer of Chinese tech giant Huawei. US Justice Department spokesperson Ian McLeod said Meng was arrested in Vancouver on Saturday. Wan...More..

Qualcomm-NXP deal could be back on
by | Wednesday, December 05, 2018

Qualcomm-NXP deal could be back on

According to Qualcomm, the deadline for any transaction has expired thus terminating any deal. Qualcomm told Reuters that although it welcomed the development, the deadline for the deal to be completed had...More..

DEVELOPING: US-China trade uncertainty fuels market plunge
by | Wednesday, December 05, 2018

DEVELOPING: US-China trade uncertainty fuels market plunge

China , for its part, also agreed to offset its massive trade imbalance with the U.S.by buying more, but not yet specified amounts, of energy products, agricultural, industrial and other products. In a 1990 int...More..

Trump threatens to withdraw from Nafta to pressure democrats
by | Wednesday, December 05, 2018

Trump threatens to withdraw from Nafta to pressure democrats

If Trump ends NAFTA, Congress would have 60 days to approve USMCA or both trade deals would be void. Grassley vowed to usher the deal through Congress, saying it'll benefit the USA economy and bolster agricultu...More..

Markets Right Now: Stocks surge on hint of slower rate hikes
by | Monday, December 03, 2018

Markets Right Now: Stocks surge on hint of slower rate hikes

The pound reversed losses sparked by the Bank of England's warning that a no-deal Brexit could spark a recession. "The Fed has paid lip service to data dependence in the last few years, but data dependence ...More..

Oil prices surge more than 5-pct
by | Monday, December 03, 2018

Oil prices surge more than 5-pct

The chief market analyst at XTB, David Cheetham, stated: "Speculation is mounting that Opec will deliver an output cut when they convene for their bi-annual meeting in Vienna next week, but whether it wil...More..

Qatar to withdraw from OPEC in January 2019
by | Monday, December 03, 2018

Qatar to withdraw from OPEC in January 2019

Qatar is the world's biggest supplier of liquefied natural gas . The announcement comes just days before a crucial meeting between the cartel's members and its non-OPEC allies. In June of previous year, Saud...More..

President Trump reaches truce with Chinese officials
by | Sunday, December 02, 2018

President Trump reaches truce with Chinese officials

The two presidents agreed that the two countries "can and should" ensure success of China-U.S. relations and that coordination, cooperation and stability should be the features of the bilateral relations, said ...More..

US Fed says another rate hike
by | Sunday, December 02, 2018

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

Powell said in a speech in NY that interest rates remained "low by historical standards" and still provided stimulus to the economy. This week, a speech by Jerome Powell , the chairman of the US Federal Res...More..

Microsoft overtakes Apple in market value for first time in eight years
by | Sunday, December 02, 2018

Microsoft overtakes Apple in market value for first time in eight years

The last time Microsoft was bigger than Apple based on market cap was in mid-2010, according to data compiled by Bloomberg . Apple was even lauded for being the first US company to have a $ 1 trillion valuati...More..

by | Saturday, December 01, 2018

President Trump meets with the leader of Argentina during G20 summit

The two men beamed widely and clasped hands. Xi and leaders from the BRICS group of leading emerging economies - Brazil, Russia, India, China and South Africa - called in a statement on Friday for open worl...More..

Fed's Powell signals interest rates near neutral in speech
by | Saturday, December 01, 2018

Fed's Powell signals interest rates near neutral in speech

Federal Reserve Chairman Jerome Powell ignited a market rally Wednesday by saying interest rates are "just below" broad estimates of a level considered neutral, a setting created to neither speed nor slow econo...More..

Oil Slides Toward Worst Loss in a Decade as Russia Mixes Signals
by | Friday, November 30, 2018

Oil Slides Toward Worst Loss in a Decade as Russia Mixes Signals

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. Surging oil production in the United States, Russ...More..

Trump signs trade pact with Canada and Mexico to replace Nafta
by | Friday, November 30, 2018

Trump signs trade pact with Canada and Mexico to replace Nafta

Mr Pena Nieto, who will be replaced on Saturday with Mexico's newly-elected president, has sold the deal to his people as a victory, saving free trade from a USA president who wanted to see it killed. Mexico'...More..

Fed Chairman Says Interest Rates Are Just Below Estimates of Neutral
by | Friday, November 30, 2018

Fed Chairman Says Interest Rates Are Just Below Estimates of Neutral

His predecessors took care not to directly attack the central bank's rate policy out of concern that such criticism could backfire. Interest rate-sensitive financials dropped 0.8 percent, as US 10-year Treasu...More..

Why Donald Trump Keeps Telling Himself That Tariffs Are Working
by | Friday, November 30, 2018

Why Donald Trump Keeps Telling Himself That Tariffs Are Working

Trump's statement - which sent GM shares lower - came after the automaker on Monday announced it was cutting 15 per cent of its workforce, shuttering five plants in the U.S., including two in MI and one in ...More..

Trump coy on China trade deal before meeting Xi
by | Friday, November 30, 2018

Trump coy on China trade deal before meeting Xi

The two leaders would also agree on a "framework" for further talks, US officials such as Commerce Secretary Wilbur Ross have said publicly. "It is about the two biggest economies addressing their differences...More..

US Army to use Microsoft HoloLens in actual combat missions
by | Friday, November 30, 2018

US Army to use Microsoft HoloLens in actual combat missions

The new contract will continue Microsoft's relationship with the Department of Defense. That's about half the number the Army expects to buy through its augmented reality program, which is called the Integrated...More..

German police raid Deutsche Bank in 'Panama Papers' graft probe
by | Thursday, November 29, 2018

German police raid Deutsche Bank in 'Panama Papers' graft probe

Federal police on Thursday raided the Frankfurt offices of Deutsche Bank. FWIW: Deutsche has been rocked by problems and was the only major global bank to do business with Trump in recent years. In 2016 alo...More..

GM plant in Oshawa, Ont., to shut down
by | Thursday, November 29, 2018

GM plant in Oshawa, Ont., to shut down

Workers in the Unifor trade union walked out of the Oshawa plant "in protest", ahead of a meeting with GM about the announcement, a union spokeswoman said. Commenters immediately tried to discern whether GM has...More..

Fed Chief's Remarks On Economy And Interest Rates Cheer Investors
by | Thursday, November 29, 2018

Fed Chief's Remarks On Economy And Interest Rates Cheer Investors

Trump claimed the Fed is "way off-base with what they're doing", in raising interest rates that were at historical lows following the financial meltdown that started in 2007. "They're making a mistake because I...More..

Ahead of G20, Trump Open to Deal with China
by | Thursday, November 29, 2018

Ahead of G20, Trump Open to Deal with China

Briefing reporters ahead of the G20 summit, U.S. national security advisor John Bolton said that Trump will also have meetings with President Mauricio Macri of Argentina, President Moon Jae-In of South Korea, a...More..

Microsoft becomes world’s most valuable company after Apple slump
by | Thursday, November 29, 2018

Microsoft becomes world’s most valuable company after Apple slump

The software company hit a valuation point of $813 billion today, which was just $1 billion ahead of Apple. Going forward, Microsoft will continue to focus on the enterprise of things with their advanced Clou...More..

US Could Tariff iPhones and Laptops Imported from China
by | Wednesday, November 28, 2018

US Could Tariff iPhones and Laptops Imported from China

The President is getting ready to put tariffs on additional products being imported from China , and that specifically includes the iPhone. The rate increase, from 10pc to 25pc, is due to be implemented on J...More..

GM to Cease Production of Chevy Cruze at Lordstown Plant
by | Wednesday, November 28, 2018

GM to Cease Production of Chevy Cruze at Lordstown Plant

Needless to say, GM is feeling the heat and made a decision to respond with a short statement saying it is "committed to maintaining a strong manufacturing presence in the U.S". Trump's belligerent approach...More..