Markets

by | February 20, 2019 | 05:10

State-owned Indian Oil Corp (IOC) has signed its first annual deal to buy U.S. oil, paying about $1.5 billion for 60,000 barrels a day in the year to March 2020 Reuters reported yesterday quoting the company's chairman. "The market is slowly regaining its bullish footing, subject to the perception of economic risks tied to US-China trade talks", said Harry Tchilinguirian, global head of commodity markets strategy at BNP Paribas.

by | February 15, 2019 | 12:41

Officials from the world's top two economies are holding negotiations in Beijing on Thursday and Friday in a bid to resolve their thorny trade dispute. Trump's advisors have described March 1 as a "hard deadline", and the president has said a delay was possible though he preferred not to do so. "From their point of view, they would have dodged a bullet", Green, who was USTR's top official at the US embassy in Beijing until mid-2018, told Reuters.

by | February 15, 2019 | 12:40

The Organisation of the Petroleum Exporting Countries said on Tuesday it had cut output by nearly 800,000 bpd in January to 30.81 million bpd. The United Arab Emirates and Kuwait were next according to the report . Even as oil producing states in OPEC and beyond begin implementing the output cuts they agreed in December, the world's need for their crude is shrinking further, suggesting that they will need to extend the deal through the second half of the year.

by | February 14, 2019 | 07:15

US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin will lead the US delegation for the third round of talks on Thursday and Friday in Beijing. The last round of talks in Washington late last month resulted in China importing American soybeans as it implemented promises to buy more US goods.

by | February 13, 2019 | 02:42

Alexandria Ocasio-Cortez's signature climate proposal to a vote on the Senate floor - a move created to put Democrats on the spot. "I've noted with great interest the Green New Deal". One of the best was the acknowledgment that even the authors' best efforts would not be enough to get rid of "farting cows" and air travel within 10 years.

by | February 12, 2019 | 12:45

She said it was possible to pass bills "quite quickly" with "goodwill" from the Commons and Lords, but added: "It's just not possible to say how quickly it could be done, but obviously it depends on the way in which there is adequate debate on the meaningful vote and that's what the Prime Minister is determined to do".

by | February 10, 2019 | 10:16

Globally, a Taiwanese government-supported institute has "blocked Huawei smartphones and computers from accessing its internal network", reported the South China Post , in mid-January and Norway's Justice Minister Tor Mikkel Wara disclosed at the beginning of the year that the country is considering excluding the Chinese firm from investing in 5G infrastructure.

by | February 08, 2019 | 12:27

Instead of making a deal with AMI, Bezos chose to go public, writing: "If in my position I can't stand up to this kind of extortion, how many people can?" Bezos on Thursday said he directed de Becker to "prioritize protecting my time since I have other things I prefer to work on", and touted Amazon's business success.

by | February 07, 2019 | 13:46

Gerald Cotton - boss at QuadrigaCX - was the only member of the company who had the password but died last December. Robertson wrote that her husband's laptop is encrypted and that she nor other consultants have been able to recover its contents.

by | February 07, 2019 | 12:56

Revenue rose 30% year over year to $16.91 billion, beating expectations by more than $500 million. "Advertisers are clearly still very reliant on Facebook , and the fact that daily active usage in both the US/Canada and Europe increased is a surprise after the flatness we saw in the US and Canada previous year and the falloff we saw in Europe".

by | February 04, 2019 | 17:12

These figures continue the job growth of the December 2018 jobs report . Still, hiring has accelerated since last summer, a development that has surprised economists because hiring typically slows when unemployment is so low. And they classified furloughed workers differently. "They've enjoyed two decades of minimal pay growth in general", she said. Manufacturing payrolls increased by only 13,000 in January, reflecting the more downbeat sentiment in an array of industrial sectors that ...

by | February 02, 2019 | 08:11

Its fourth-quarter profit was just below the earnings the company recorded for the entire year in 2017. Historical context . The company has beaten analysts' earnings-per-share estimates five of the last eight fourth-quarter reports, but it has beaten sales estimates only once, a year ago.

by | February 02, 2019 | 07:54

He retains support from powerful allies, including Russian Federation and China, but is growing increasingly isolated as more nations back Guaido . He is seeking to force him from power so he can set up a transitional government and hold new presidential elections.

by | February 02, 2019 | 06:09

The Trump administration said the USA could impose new sanctions on Venezuela's oil sector as soon as this week if the political situation there deteriorates further. "There's not enough pipes to ship all the oil that companies have been producing", said Jim Burkhard, vice president of oil markets research at IHS Markit.

by | February 01, 2019 | 00:42

As part of the deal, Trump agreed to postpone the planned increase in tariffs on $200 billion worth of Chinese goods. Trump said he was looking for China to open its markets "not only to Financial Services, which they are now doing, but also to our Manufacturing, Farmers and other USA businesses and industries".

by | January 29, 2019 | 07:10

Engadget has contacted Huawei for comment. Meng was arrested in Vancouver on December 1, 2018, while she was transferring flights at YVR. "They wilfully conducted millions of dollars in transactions that were in direct violation of the Iranian Transactions and Sanctions Regulations, and such behaviour will not be tolerated".

by | January 29, 2019 | 06:44

Overall, the USA economy lost about $11 billion during the five-week period, the nonpartisan Congressional Budget Office said . The report , which was released Monday, estimated a hit of $ 3 billion , or 0.1 percent, to economic activity during the fourth quarter of 2018.

by | January 27, 2019 | 22:04

The influential conservative news website Drudge Report in a banner headline made a point of saying the deal contained "No Wall Funds". Soon after Trump announced the deal Friday afternoon in the Rose Garden, the House and Senate quickly passed legislation on voice votes to fund the government until February 15 in a bid to let negotiators try to work out a larger immigration and border security compromise.

by | January 26, 2019 | 04:41

However, if it came to pass that Huawei equipment could not be used in its radio access networks - the towers and equipment for 4G and 5G networks - the impact would be huge. Huawei has denied the allegations. Vodafone said competition in the Spanish and Italian markets had moderated through the quarter. Huawei's consumer division chief Richard Yu told reporters in Beijing on January 23rd, 2019 that current tensions - including a potential presidential executive order banning the ...

by | January 23, 2019 | 11:44

In a report released on Monday, the global body cut its 2019 global growth forecast to 3.5 percent from previous estimates of 3.7 percent. 'The global expansion is weakening and at a rate that is somewhat faster than expected, ' the Fund said.

by | January 23, 2019 | 10:13

Fourth-quarter gross domestic product (GDP) grew at the slowest pace since the global financial crisis, easing to 6.4 percent year-on-year, as expected, from 6.5 percent in the third quarter, the National Bureau of Statistics said January 21.

by | January 22, 2019 | 11:05

Q4 total paid subscriber growth (paid net additions): 8.8 million, versus Wall Street estimates 7.6 million and Netflix forecast 7.6 million. It emerged this week that video footage from the 2013 Lac-Mégantic rail disaster - in which 47 people died - had been used in the Netflix science fiction show Travelers , as well as in the film Bird Box .

by | January 22, 2019 | 09:33

Oil prices fell about 2 percent on Thursday, extending recent weakness on concerns over surging USA crude production and slack global demand, particularly in light of the ongoing trade dispute between the United States and China . Crude demand is on course to grow this year, supported by lower prices, the Paris-based IEA said on Friday. Oil prices declined on Thursday as investors continued to worry about a global glut, which is fueled by rising USA crude output.

by | January 21, 2019 | 00:44

Some said Pence and Mulvaney and Homeland Security Secretary Kirstjen Nielsen were involved, too. But Trump went on to note that work on the wall is ongoing with or without Democratic support, and that the wall will become a reality regardless of what both the White House and Congress decide to do about existing legal and illegal immigrants.

by | January 20, 2019 | 16:47

Nissan and Mitsubishi Motors say they may sue their former chairman Carlos Ghosn for improperly receiving compensation from the two companies' joint venture. Renault's statement came hours after a Tokyo court quashed the 64-year-old's appeal for bail yesterday, keeping him jailed on three charges of financial misconduct.