Trump, Xi Agree On Tariff Cease-Fire, As Trade Talks Continue

It was Trump's second cancellation at the summit after he pulled out of a meeting with Russian President Vladimir Putin , citing Russia's recent seizure of three Ukrainian vessels off Crimea, although the two did cross paths at a G20 dinner. More..

by | Published more than a month ago
by | Saturday, December 01, 2018

G20 Summit Opens In Argentina Amid Ukraine Crisis

The two superpowers have been fighting a trade war, which is threatening to hurt the global economy as billions of dollars of tariffs have been slapped on products. However, the US Senate is less enthusiastic...More..

Powell hints at slower rate-hike pace
by | Saturday, December 01, 2018

Powell hints at slower rate-hike pace

But officials discussed changing their postmeeting policy statement to emphasize their flexibility to respond to fresh economic developments as they weigh their rate moves next year. As a result, "almost all" F...More..

WTI Crude Oil and Natural Gas Forecast
by | Saturday, December 01, 2018

WTI Crude Oil and Natural Gas Forecast

Russian President Vladimir Putin, whose country is the world's second-biggest oil producer, said on November 28 he was in touch with OPEC and ready to continue cooperation on supply if needed, but he was sati...More..

Rand slightly firmer despite Trump’s trade war comments
by | Wednesday, November 28, 2018

Rand slightly firmer despite Trump’s trade war comments

The president told the Wall Street Journal that if his meeting with Xi doesn't have a positive outcome, he will raise tariffs on all remaining imported goods from China. "Maybe. Maybe. Depends on what the rat...More..

General Motors to slash jobs and production, drawing Trumps ire
by | Wednesday, November 28, 2018

General Motors to slash jobs and production, drawing Trumps ire

He continued, "We are now looking at cutting all @GM subsidies", including for electric cars. US President Donald Trump has escalated his attack on General Motors (GM) after the carmaker's announcement of m...More..

GM to close plants in Canada, Ohio, Maryland and MI
by | Tuesday, November 27, 2018

GM to close plants in Canada, Ohio, Maryland and MI

But investors obviously like what they see so far: the company moving to cut its labor costs to brace for lower auto sales, even if it means putting thousands of workers on the unemployment line. Canada and Ont...More..

U.S. gov pressures allies to ditch Huawei equipment due to 'security risks'
by | Sunday, November 25, 2018

U.S. gov pressures allies to ditch Huawei equipment due to 'security risks'

What do you think of the US's efforts to block Huawei in other countries? "Huawei is surprised by the behaviours of the U.S. government detailed in the ( Journal ) article", said Huawei in a statement release...More..

Markets Right Now: Stocks open slightly lower on Wall Street
by | Friday, November 23, 2018

Markets Right Now: Stocks open slightly lower on Wall Street

Foot Locker soared 14.9 percent after turning in solid quarterly results. Victoria's Secret parent company L Brands fell 17.7 percent. The S&P 500 index rose 8 points, or 0.3 percent, to 2,649. Crude is on ...More..

Carlos Ghosn To Continue As Renault Chairman Despite Corruption Allegations
by | Wednesday, November 21, 2018

Carlos Ghosn To Continue As Renault Chairman Despite Corruption Allegations

In a sign that Nissan may now seek to loosen its French parent's hold on their decades-old alliance, the Japanese company informed Renault it also had evidence of potential wrongdoing at Renault-Nissan BV, th...More..

Crude oil costs check current lows at begin of holiday-shortened week
by | Wednesday, November 21, 2018

Crude oil costs check current lows at begin of holiday-shortened week

The global benchmark fell as much as 7.6 per cent to $61.71, the lowest since December 2017. Oil's slide has been largely unimpeded since early October when WTI prices were near four-year peaks. US crude oil ...More..

Nissan and Renault CEO arrested
by | Tuesday, November 20, 2018

Nissan and Renault CEO arrested

The arrest follows a statement from Nissan confirming that it was investigating "serious misconduct " by Chairman Carlos Ghosn and another high-level official. Ghosn officially still leads the Renault-Ni...More..

Best Photography Black Friday Deals 2018
by | Sunday, November 18, 2018

Best Photography Black Friday Deals 2018

Below we've put together a list of some of the best deals available now, plus those that won't start until Black Friday . Target is also a pretty popular place during Black Friday, and it's easy to see why...More..

UK's defiant May tells critics it's her Brexit deal or chaos
by | Friday, November 16, 2018

UK's defiant May tells critics it's her Brexit deal or chaos

Six government ministers, including Brexit Secretary Dominic Raab, one of the architects of the deal, quit Thursday as the prime minister faced a barrage of criticism over the plan in Parliament, raising th...More..

Apple's Asia suppliers fall amid fears of weak iPhone sales
by | Wednesday, November 14, 2018

Apple's Asia suppliers fall amid fears of weak iPhone sales

The latest evidence that what's bad for Apple can be awful for suppliers came on two continents within hours of each other. "Some people may fear that this now means that the iPhone units are going to start g...More..

Editor's Take | Alibaba posts record high sales on Single's Day
by | Monday, November 12, 2018

Editor's Take | Alibaba posts record high sales on Single's Day

Health supplements topped the list of most popular imported items purchased by consumers in China as of 12 pm, followed by milk powder, facial masks and milk powder, according to Alibaba . "We have to contin...More..

New chair at Tesla: Robyn Denholm replaces Elon Musk
by | Friday, November 09, 2018

New chair at Tesla: Robyn Denholm replaces Elon Musk

Besides Telstra , her previous experience includes Juniper Network , Sun Microsystems and Toyota. Announcing the appointment, Tesla said in a statement that to "ensure a smooth transition...." A c...More..

Democrats Just Won the House. Here's What They Plan to Do First
by | Wednesday, November 07, 2018

Democrats Just Won the House. Here's What They Plan to Do First

McSally's Democratic opponent is Kyrsten Sinema, 42, a three-term member of the House of Representatives who spent several years of her childhood in poverty after her parents divorced. And 35 Senate seats are...More..

Sarah Huckabee Sanders Updates World On Donald Trump’s Midterms Night
by | Wednesday, November 07, 2018

Sarah Huckabee Sanders Updates World On Donald Trump’s Midterms Night

A spokesperson for Ms Pelosi said Mr Trump had called her to congratulate her party on winning a House majority, and acknowledged Ms Pelosi's call for bipartisanship. How the market shakes out in the final ...More..

What are the 2018 midterm elections and why do they matter?
by | Tuesday, November 06, 2018

What are the 2018 midterm elections and why do they matter?

Republicans have a 51-49 majority in the Senate, which means Democrats need a net gain of two seats to take the chamber. " Illinois Nazis " may have been a punchline of 1980's cult classic film "Blues Broth...More..

Lowe's to close nine mostly RONA stores in Ontario
by | Monday, November 05, 2018

Lowe's to close nine mostly RONA stores in Ontario

The company says the closings are part of the company's strategic reassessment. " The store closures are a necessary step in our strategic reassessment as we focus on building a stronger business", Ellison s...More..

by | Monday, November 05, 2018

"Black Monday": Iranian Analysts Explain Why US Sanctions Unlikely to Succeed

The rally in the capital of Tehran comes as the United States restored all sanctions that had been lifted on Iran during the era of the Iran nuclear deal. I should think that lessening the resources of the re...More..

Oil price falls further as supply worries ease
by | Saturday, November 03, 2018

Oil price falls further as supply worries ease

After starting the month at almost four-year highs, bolstered by looming USA sanctions on Iran's crude exports, oil prices posted their the biggest monthly drop in more than two years. Bears guarding $ 64 bar...More..

by | Saturday, November 03, 2018

Stock markets rally after Trump and Xi talk trade

At a campaign rally in Columbia, Missouri, on Thursday night he said, "they want to make a deal". "Xi noted in the conversation that China has repeatedly made clear its stance on bilateral ties, and hopes tha...More..

Oil prices dip on rising supply and ongoing trade tensions
by | Friday, November 02, 2018

Oil prices dip on rising supply and ongoing trade tensions

Moreover, Saudi Arabia's Energy Minister Khalid al-Falih said on Tuesday that the Organization of the Petroleum Exporting Countries (OPEC) and its partners are in "produce as much as you can" mode. With j...More..

India jumps to 77th rank in the Ease of Doing Business Index
by | Friday, November 02, 2018

India jumps to 77th rank in the Ease of Doing Business Index

Suresh Prabhu, Commerce Minister, attributed the improvement in the ranking to the collaborative effort by the state and central government. "The ultimate objective is to go to the top of the list", he adde...More..

RBI's autonomy an 'essential and accepted' governance requirement: Finance Ministry
by | Wednesday, October 31, 2018

RBI's autonomy an 'essential and accepted' governance requirement: Finance Ministry

The statement further stated that, "Government of India has never made public the subject matter of those consultations". Rajya Sabha MP Subramanian Swamy showed his support for Patel and tweeted: "If RBI gov...More..

Drawing nears for $750 million Powerball jackpot
by | Sunday, October 28, 2018

Drawing nears for $750 million Powerball jackpot

The $750 million prize refers to the annuity option, paid annually over 29 years. Saturday's Powerball drawing would pay an estimated $750 million if a victor matches all six numbers. Powerball is played i...More..

Stocks shudder on Wall Street following steep drops overseas
by | Saturday, October 27, 2018

Stocks shudder on Wall Street following steep drops overseas

The Dow Jones Industrial Average plunged more than 450 points in early trading. Headline indices of the Australia market stumbled on Thursday, 25 October 2018, as risk-off mood dominated on tracking Wall St...More..

Trump Calls New York Times Story on His Cellphone Use 'Incorrect'
by | Friday, October 26, 2018

Trump Calls New York Times Story on His Cellphone Use 'Incorrect'

White House officials have learned that President Donald Trump's cellphone conversations are being intercepted by Russian Federation and China to gather information on his associates and policy positions, T...More..

WWE isn't canceling Saudi event despite Khashoggi killing
by | Friday, October 26, 2018

WWE isn't canceling Saudi event despite Khashoggi killing

TASI, the largest Arab bourse, is 8.4 percent higher on the year. While the Saudi prosecutor's office did not say specifically that its investigators reached the same conclusion, the statement seemed created ...More..

Mega Millions Jackpot Now The Biggest In History
by | Monday, October 22, 2018

Mega Millions Jackpot Now The Biggest In History

So, in one single weekend, more than $ 1 billion will shoot out across America to its very luckiest citizens. Here's what you should know before next week's Mega Millions drawing . Mega Millions says i...More..

Oil falls to one-month low after U.S. crude stockpiles surge
by | Monday, October 22, 2018

Oil falls to one-month low after U.S. crude stockpiles surge

West Texas Intermediate for November delivery traded 11 cents lower at $69.64 a barrel on the New York Mercantile Exchange at 2:25 p.m.in Singapore. He also said that the US response to Saudi Arabia would ...More..

No victor in Saturday's Powerball drawing; jackpot now worth $620 million
by | Monday, October 22, 2018

No victor in Saturday's Powerball drawing; jackpot now worth $620 million

Big money is on the line as the Powerball and Mega Million jackpots continue to grow without a lucky victor in sight. The Mega Millions' odds were lowered a year ago to 1-in-303 million from 1-in-259 millio...More..

Search for Jamal Khashoggi takes police to forest in Istanbul, resort town
by | Friday, October 19, 2018

Search for Jamal Khashoggi takes police to forest in Istanbul, resort town

Secretary of State Mike Pompeo is denying a report that Turkish officials shared with him an audio recording and transcript of the alleged murder of Washington Post columnist Jamal Khashoggi , who went...More..

YouTube is finally back online after a global outage
by | Thursday, October 18, 2018

YouTube is finally back online after a global outage

YouTube tweeted that they apologized for the inconvenience and would keep users updated at 8:41 p.m. YouTubeA view of YouTube's front page during a global outage on Tuesday, October 16, 2018. The company is ...More..

Oil steadies after surprise draw in US crude stocks
by | Thursday, October 18, 2018

Oil steadies after surprise draw in US crude stocks

Brent crude prices were trading 80 cents a barrels higher at $81.23 by 11.57 GMT. Over the past two weeks, hedge funds and other money managers have been trimming their combined net long position in the most-...More..

Mega Millions: Drawing for Highest Jackpot on Friday Oct 19
by | Thursday, October 18, 2018

Mega Millions: Drawing for Highest Jackpot on Friday Oct 19

The jackpot keeps swelling because nobody has won since July 24, when 11 workers in a California office shared $543 million. Acord won the $10,000 prize by matching four of the Mega Millions' first five numbe...More..

Jamal Khashoggi's final column published
by | Thursday, October 18, 2018

Jamal Khashoggi's final column published

However, Turkish media reported that it appeared as though the consulate had been swept by Saudi agents before the search. They put the president at odds with other key allies and with some leaders in his Repub...More..

Saudi stocks fall as tension with United States increases over Khashoggi case
by | Thursday, October 18, 2018

Saudi stocks fall as tension with United States increases over Khashoggi case

Mohammed bin Salman, the 33-year-old crown prince of Saudi Arabia who leads the country's Public Investment Fund , has pledged $45bn to SoftBank's Vision Fund , making it one of the most significant sta...More..