Finance

While US Tariffs Remain for Now, Chinese Industries ‘Don’t Need America Anymore’

While US Tariffs Remain for Now, Chinese Industries ‘Don’t Need America Anymore’ The agreement includes pledges from China to beef up purchases of United States agricultural goods and other exports for two years, provides some protections for U.S. China has never bought more than $26 billion in U.S. agricultural products in a year. But some analysts have expressed scepticism it will set US-China trade on a new trajectory. [Full Article...]

Accounts of intelligence that triggered killing of Iran's top general 'totally consistent'

Accounts of intelligence that triggered killing of Iran's top general 'totally consistent' Trump said last Friday that Soleimani had been planning such an attack. In the days after the Soleimani strike, the USA -led military coalition fighting ISIS was temporarily suspended, with defense officials citing attacks on Iraqi and US bases over the last two months as the reason for the shift. [Full Article...]

Global stocks march higher as US-Iran tensions ease

Global stocks march higher as US-Iran tensions ease On Thursday, the Dow Jones Industrial Average was up 211.81 points, or 0.74 per cent, to 28,956.90. The S&P 500 posted 58 new 52-week highs and no new lows; the Nasdaq Composite recorded 106 new highs and nine new lows. The S&P 500 is up 30.50, or 0.9%. YIELDS: The yield on the 10-year Treasury fell to 1.85% from 1.87% late Wednesday. Japan's Nikkei lost 1.6 percent, China's Shanghai Com... [Full Article...]

U.S. imposes further Iran sanctions in response to missile strikes

U.S. imposes further Iran sanctions in response to missile strikes Pompeo also made it clear that the USA acted against Soleimani to prevent what he called an "imminent attack " against US facilities, including the American embassy in Baghdad. Pompeo's comment that USA embassies were being targeted echoed statements President Trump made at a Thursday campaign rally in Toledo, Ohio. "The complications for Canada right now are making sure that, first and forem... [Full Article...]

Carlos Ghosn to speak publicly on escape from Japan

Carlos Ghosn to speak publicly on escape from Japan CEO Carlos Ghosn's flight from Japan, where he was facing fraud charges , to Lebanon was the result of an elaborate, detailed plan involving more than 10 people that took months to work out and exploited a security gap at the Osaka Airport, The Wall Street Journal reported Monday. [Full Article...]

Wall Street closes out 2019 by adding to year's big gains

Wall Street closes out 2019 by adding to year's big gains The Dow is down 106.82 points, or 0.4%. Stocks slipped globally in quiet New Year's Eve trading Tuesday with many markets closed. One of the most commonly used is the comparison between the price of a share and its profit from the previous year. [Full Article...]

Qassem Soleimani killing: Prominent red ring on finger helped identify Iranian general

Qassem Soleimani killing: Prominent red ring on finger helped identify Iranian general President Rouhani made the remarks during a recent visit to General Soleimani's house where he expressed his condolences to the killed military leader's family that prominently shaped Iran's foreign policy in the Middle East. Is the killing Soleimani a "declaration of war"? The United States could seek to justify killing Soleimani under Article 51 of the UN Charter, which covers an individu... [Full Article...]

Subminimum wage to be eliminated in certain industries by end of 2020

Subminimum wage to be eliminated in certain industries by end of 2020 Frances O'Grady, the leader of the Trades Union Congress, said: "This is a long-planned raise, but it's also long overdue". Rhoades-Norman is part of a network, Businesses for a Fair Minimum Wage . The wage hike passed on the strength of the Puget Sound electorate. "Underpayment of the minimum wage is on the rise". New laws take in effect in ME with a new year and the new decade. [Full Article...]

Oil Rises to Three-Month High on Supply and Trade Optimism

Oil Rises to Three-Month High on Supply and Trade Optimism Under the deal due to be signed in January, the United States is expected to agree to reduce some tariffs in return for a big increase in purchases of USA agricultural products by Chinese importers. "Oil prices have continued to show year-end strength supported by a combination of definitive progress on the U.S". Innes, chief market strategist for Asia at AxiTrader. [Full Article...]

Trump, Dershowitz Chat at Mar-a-Lago Christmas Eve Party

Trump, Dershowitz Chat at Mar-a-Lago Christmas Eve Party The President and First Lady Melania Trump are spending the holiday in Florida. Former First Lady and failed 2016 presidential candidate Hillary Clinton apparently just can't let the past go - this year she sent a Christmas message to her 26-million Twitter audience accompanied by a White House portrait from the year 2000, recalling the good ol' days when her husband Bill Clinton was the p... [Full Article...]

MA Adds 5200 Jobs in November

MA Adds 5200 Jobs in November Meanwhile, the state unemployment rate is 3.3% and the national unemployment rate is 3.5 percent. The monthly rate was one tenth of a percentage point higher than in October. Other sectors recording year-over expansions were: leisure and hospitality (up 14,000), construction (up 7,200), trade, transportation, and utilities (up 6,100), government (up 4,200), manufacturing (up 2,000), and financia... [Full Article...]

Over 500,000 Whirlpool machines to be recalled in the UK

Over 500,000 Whirlpool machines to be recalled in the UK Whirlpool has urged owners of appliances bought since 2014 to get in contact immediately to check if the recall applies to their machine. Whirlpool has advised customers to unplug their machines and stop using them. "The Office for Product Safety and Standards will closely monitor Whirlpool to ensure the recall is carried out successfully". Affected customer can call Whirlpool's United ... [Full Article...]

Boeing temporarily suspends 737 Max production

Boeing temporarily suspends 737 Max production More than 800 jets have been grounded worldwide since mid-March this year after investigators found flawed flight control software on the 737 Max partially responsible for the crashes of two Max jets in Indonesia and Ethiopia , which killed a total of 346 people. [Full Article...]

Will US-China 'Phase One' Trade Deal Decide Huawei's Fate?

Will US-China 'Phase One' Trade Deal Decide Huawei's Fate? Trump tweeted that Beijing "agreed to many structural changes and massive purchases of Agricultural Product, Energy, and Manufactured Goods, plus much more". But the USMCA, which would replace the 26-year-old North American Free Trade Agreement, has run into some last minute snags as Mexico's chief negotiator, Jesus Seade, has objected to congressional language on implementation of the trade deal ... [Full Article...]

China continues to show muted reaction to trade deal

China continues to show muted reaction to trade deal Chinese officials said at a press conference in Beijing Friday evening that the United States has agreed to phase out tariffs on Chinese goods. US President Donald Trump , pictured with China's President Xi Jinping at the 2019 G20 Summit in Osaka, is keen to seize back the political initiative and show voters his punishing trade war with China has brought results. [Full Article...]

Aramco's IPO value could rise to $29.4 billion: Banker

Aramco's IPO value could rise to $29.4 billion: Banker At that price, the company would be worth $1.7 trillion. The IPO, however, fell short of the Saudi Crown Prince's $2 trillion valuation. Riyadh and Washington have blamed the September strikes on Iran, which denies involvement. It was originally expected to sell around 5% through a dual-listing on the local market and on a major global stock exchange. Saudi Arabian government institutions spen... [Full Article...]

For November in Canada has risen the unemployment rate

For November in Canada has risen the unemployment rate A repeat of November's weak jobs report could force the central bank to reconsider, analysts said on Friday. Workers build the 2020 Ford Explorer at Ford's Chicago Assembly Plant in Chicago, Ill., on June 24, 2019. The jobs growth was the best since January's 312,000 and well clear of the November 2018 total of 196,000. Financial activities employment grew by 13,000, with the industry ... [Full Article...]

Almost 6,000 U.S. sexual assaults reported to Uber in 2017 and 2018

Almost 6,000 U.S. sexual assaults reported to Uber in 2017 and 2018 Uber bases its numbers on reports from riders and drivers, meaning the actual numbers could be much higher. Uber has a unit devoted to handling the most sensitive safety reports , but a September Washington Post investigation found that investigators are are instructed to keep the company's interests foremost, including through restrictions on their ability to report apparent felonies to poli... [Full Article...]

OPEC nears deal to reduce output target

OPEC nears deal to reduce output target However, Edward Moya, an analyst at Oanda, told AFP that the new cuts would be "more of a housekeeping move that will narrow the gap between (producers') current target and the overcompliance we have seen from the alliance". Bush. Brent crude oil hovered near $63 per barrel Thursday. Futures slipped 0.3% in NY having been whipsawed throughout the previous session after six hours of fraught O... [Full Article...]

USA threatens huge tariffs on French goods over digital tax

USA threatens huge tariffs on French goods over digital tax French sparkling wine, yoghurt and Roquefort cheese are on the latest list of goods that could be targeted as soon as mid-January, after a report from the U.S. Earlier this year , France voted in favor of a new tax on tech giants. "It's not the behavior we expect from the United States toward one of its main allies". [Full Article...]


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