OPEC, allies agree to cut oil output

The Organisation of Petroleum Exporting Countries ( Opec ) and its non-Opec allies have agreed to cut global crude output by 1.2 million barrels per day (bpd) for six months, beginning January 2019. However to Saudis misfortune the Khashoggi incident... More..

by | Published more than a month ago
Urjit Patel cites personal reasons, resigns as RBI governor
by | Tuesday, December 11, 2018

Urjit Patel cites personal reasons, resigns as RBI governor

According to the rule book, the RBI governor is appointed by the Prime Minister's Office (PMO) on the recommendation of the union finance minister aas per Section 8 (1)(a) of the Reserve Bank of India Act...More..

China says Canada's detention of Huawei exec 'vile in nature'
by | Tuesday, December 11, 2018

China says Canada's detention of Huawei exec 'vile in nature'

In a short statement, China's Foreign Ministry said that Vice Foreign Minister Le Yucheng had issued the warning to release Meng to Canada's ambassador in Beijing, summoning him to lodge a "strong protest"....More..

Swath of South faces wintry mess: Snow, sleet, freezing rain
by | Tuesday, December 11, 2018

Swath of South faces wintry mess: Snow, sleet, freezing rain

Interstate 81 in southwest Virginia became particularly risky as the snow fell so quickly that snow removal crews couldn't keep up, leading to several tractor-trailer accidents. More than 25 million people a...More..

Elon Musk in 60 Minutes interview: 'I do not respect the SEC’
by | Tuesday, December 11, 2018

Elon Musk in 60 Minutes interview: 'I do not respect the SEC’

Tesla said it is complying with the settlement , and has until December 28 to put in place its communications policy. Musk: The only tweets that would have to be, say, reviewed, would be if a tweet had a p...More..

Huawei CFO arrested in Canada for violating Iran sanctions
by | Friday, December 07, 2018

Huawei CFO arrested in Canada for violating Iran sanctions

It's not an isolated incident, but rather the latest chapter in a long history of tension between China's smartphone and telecommunications giant and the USA government and businesses. yield curve. The ti...More..

Huawei CFO arrested in Canada for USA ‘for violating Iran sanctions’
by | Thursday, December 06, 2018

Huawei CFO arrested in Canada for USA ‘for violating Iran sanctions’

The report states that Meng is accused of violating the current USA trade embargo against Iran. In April, the Wall Street Journal reported the U.S. "The company believes the Canadian and United States leg...More..

China-US Ceasefire Paves Way For New LNG Projects
by | Wednesday, December 05, 2018

China-US Ceasefire Paves Way For New LNG Projects

After describing the agreement made between China and the United States during the G-20 summit in Argentina over the weekend as "an incredible deal" and " one of the largest deals ever made", Donald Trump ...More..

NRF Welcomes Signing of NAFTA Update, Urges Approval by Congress
by | Wednesday, December 05, 2018

NRF Welcomes Signing of NAFTA Update, Urges Approval by Congress

Canada, the United States and Mexico on Friday formally signed the U.S. -Mexico-Canada Agreement (USMCA) on the sidelines of the G20 summit in Buenos Aires, according to the Canadian television network CTV. "It...More..

Fed minutes: Further interest rate hike 'warranted soon'
by | Monday, December 03, 2018

Fed minutes: Further interest rate hike 'warranted soon'

The downgrade is at least partly attributable to Powell's remark on October 3 that interest rates were probably a "long way" from neutral, which seemed to contradict his comment a couple of months earlier rej...More..

The Trump trade war will drift into 2019
by | Monday, December 03, 2018

The Trump trade war will drift into 2019

Trump has also threatened to put tariffs on another $267 billion worth of Chinese imports, as the relationship appeared set to worsen in the weeks ahead of the Argentina meeting. " Cooperation is the best opt...More..

by | Saturday, December 01, 2018

Russia-Ukraine crisis clouds G20 summit in Buenos Aires

Trump has often voiced a desire for better relations with Putin, and many critics at home slammed him in July for appearing to disregard United States intelligence agencies' conclusion that Moscow meddled in th...More..

Shares get uplift from dovish Fed comments
by | Saturday, December 01, 2018

Shares get uplift from dovish Fed comments

The spread on euro-dollar interest rates future is negatively correlated with emerging markets as higher interest rates in the U.S. dim the appeal of risky assets. Jerome Powell, chairman of the Fed said on Wed...More..

Oil slips further as supply glut knocks sentiment
by | Saturday, December 01, 2018

Oil slips further as supply glut knocks sentiment

Futures in NY are set to drop about 21 per cent in November, falling for a second month. "This time around, given the large oversupply we have in the market, we think anything between 1.3 and 1.5 million barr...More..

Bank HQ raided amid fraud probe
by | Friday, November 30, 2018

Bank HQ raided amid fraud probe

One works in the anti-financial crime office . The German lender is under increasing pressure after three consecutive years of losses, several executive changes, and massive layoffs . At least one site raid...More..

Microsoft tops Apple as world's most valuable company
by | Thursday, November 29, 2018

Microsoft tops Apple as world's most valuable company

Technology shares have been punished in recent months as investors worry about rising interest rates and fallout from a trade conflict between the United States and China . Microsoft shares are down 8% from th...More..

Wall St set to open lower on Trump tariff threat
by | Wednesday, November 28, 2018

Wall St set to open lower on Trump tariff threat

But he said "certain conditions have to be met", listing intellectual property theft, forced technology transfer, ownership of American companies in China , high tariffs and non-tariff barriers on commodities,...More..

USA may eliminate electric auto subsidies for GM
by | Wednesday, November 28, 2018

USA may eliminate electric auto subsidies for GM

In October, nearly 65 percent of new vehicles sold in the US were trucks or SUVs. It was about 50 percent cars just five years ago. Five GM vehicle plants are operating at 37 percent capacity, according to th...More..

Trump Tough on General Motors For 14,000 Layoffs Announced
by | Tuesday, November 27, 2018

Trump Tough on General Motors For 14,000 Layoffs Announced

About 6,000 factory workers could lose jobs in the USA and Canada, although some could transfer to truck and SUV plants. A former Canadian auto executive said it would be hard for Canadian government official...More..

Spain agrees to back Brexit deal after securing concessions from Britain, EU
by | Sunday, November 25, 2018

Spain agrees to back Brexit deal after securing concessions from Britain, EU

She says several things could happen in that case, including a new referendum on Brexit, new elections in the United Kingdom, or a request to renegotiate the deal with the EU. Spain threatened to derail the Br...More..