June jobs report due out Friday

Before December 2017, the unemployment rate in the region never dipped below six per cent since comparable statistics started being recorded. Friday's jobs report was everything investors could have asked for. And as is the case in most months, p... More..

by | Published 11 days ago
China warns of 'counterattack' as United States tariffs take effect
by | Friday, July 06, 2018

China warns of 'counterattack' as United States tariffs take effect

Analysts at Bank of America Merrill Lynch forecast only a modest escalation in the US-China battle, adding: "However, we can't rule out a full-blown, recession-inducing " trade war ". OK? So we have 50 plus 200...More..

ZTE names new CEO, top executives to comply with United States mandate
by | Friday, July 06, 2018

ZTE names new CEO, top executives to comply with United States mandate

USA authorities are allowing China's ZTE Corp.to resume some business with American companies, temporarily easing a ban imposed over the telecom giant's export of sensitive technology to Iran and North Korea....More..

by | Friday, July 06, 2018

Canada adds 31,800 jobs in June

In terms of the larger context, this morning's data points to 1.287 million jobs created so far in 2018, which is evidence of a healthy job market, and which is an improvement on the totals from the first six m...More..

Rest of whiskey storage warehouse collapses in Kentucky
by | Friday, July 06, 2018

Rest of whiskey storage warehouse collapses in Kentucky

No one was inside the warehouse at the time of the collapse and there were no injuries. Spalding said the scene looks like "a mountain of bourbon barrels". The company credited the distillery team's "preparat...More..

Singapore proposes fines on Grab, Uber, says merger harms competition
by | Friday, July 06, 2018

Singapore proposes fines on Grab, Uber, says merger harms competition

Singapore's anti-trust body proposed fines on Grab and Uber Technologies and warned it may have to unwind the two ride-hailing firms' merger as the deal substantially lessened competition. It said it may requir...More..

Elon Musk sends engineers to help Thai cave rescue mission
by | Friday, July 06, 2018

Elon Musk sends engineers to help Thai cave rescue mission

Yesterday the target was an area known as chamber three - still at least two kilometres from the ledge where the boys are sheltering. "We in touch with Thai officials to see how we can support their efforts...More..

Amazon Takes a Page From Toys 'R' Us With a Holiday Catalog
by | Friday, July 06, 2018

Amazon Takes a Page From Toys 'R' Us With a Holiday Catalog

With Toys R Us freshly buried, Amazon may be sensing a hole to fill in the hearts of children. This represents Amazon's chance to reel in gift-givers who would have previously shopped at Toys "R' Us without a...More..

Tesla makes 5000 Model 3s per week, but can it continue?
by | Friday, July 06, 2018

Tesla makes 5000 Model 3s per week, but can it continue?

Field will not be returning to the company, according to Tesla . When we start to provide customers an opportunity to see and test drive the vehicle at their local store, we expect that our orders will grow fa...More..

Boeing, Embraer to form joint venture
by | Friday, July 06, 2018

Boeing, Embraer to form joint venture

Boeing is taking over the commercial jet business of Brazil's Embraer valued at United States dollars 4.75 billion in a move that will allow it to compete more effectively in the medium-range aircraft market. A...More..

Baidu starts mass production of autonomous buses
by | Friday, July 06, 2018

Baidu starts mass production of autonomous buses

After building the 100 Apolong vehicle at its factory this week, the company is now preparing to deploy them in China and, eventually, other countries. The vehicles have the "fourth level" of automation as defi...More..

Canada not helping itself by hitting U.S. with tariffs-White House
by | Friday, July 06, 2018

Canada not helping itself by hitting U.S. with tariffs-White House

I think the relationship will be a very good one. Well see where it goes.”. Until Lopez Obrador is sworn in, members of the current Mexican administration will continue to serve as the country's lead NAFTA ne...More..

China pushes back against yuan slide, pledges stability
by | Thursday, July 05, 2018

China pushes back against yuan slide, pledges stability

China remains at the epicentre of FX markets, and while yesterday's price action was fast and decisively sent USDCNH lower, with market conditions ahead of the 4th of July and Friday NFP, combined with the sta...More..

Joey Chesnutt Wins 11th Nathan's Title By Eating Record 74 Hot Dogs
by | Thursday, July 05, 2018

Joey Chesnutt Wins 11th Nathan's Title By Eating Record 74 Hot Dogs

The 35-year-old Baton Rouge native won a spot in the contest after qualifying in Houston by eating 39 hot dogs. It's Fourth of July, so you know what that means: fireworks, flag-waving, and the Nathan's Famou...More..

Iran tells Trump to stop tweeting about oil prices
by | Thursday, July 05, 2018

Iran tells Trump to stop tweeting about oil prices

Irritated by what he feels is a lack of cooperation from the Saudis who head OPEC , added: "If anything, they are driving prices higher as the United States defends many of their members for very little $'s"...More..

Saudi Arabia 'ready to use spare oil capacity when needed'
by | Thursday, July 05, 2018

Saudi Arabia 'ready to use spare oil capacity when needed'

Iran had been pushing hard for oil producers to hold output steady as US sanctions are expected to hit its exports. "The Trump support base is probably the part of the USA electorate that will be the most s...More..

Coinbase Custody is Now Live, But Will Institutional Investors Actually Use It?
by | Thursday, July 05, 2018

Coinbase Custody is Now Live, But Will Institutional Investors Actually Use It?

At present, Coinbase Custody is open to clients in the US and Europe. "We sort of have an understanding with the SEC and Finra, and it allows us to execute contracts with clients and take the first deposits...More..

Trump moves to block China Mobiles U.S. entry on security concerns
by | Thursday, July 05, 2018

Trump moves to block China Mobiles U.S. entry on security concerns

NTIA, a branch of the Commerce Department, said China Mobile's entry "would pose unacceptable national security and law enforcement risks". US President Donald Trump has also threatened additional tar...More..

MSP for paddy hiked by Rs. 200
by | Thursday, July 05, 2018

MSP for paddy hiked by Rs. 200

The MSP of paddy (common grade) has been increased by Rs 200 to Rs 1,750 per quintal, while that of Grade A variety by Rs 160 per quintal to Rs 1,750. " Farmers were in despair and their plight was understood ...More..

San Jose’s own Joey Chestnut breaks hot dog eating record
by | Thursday, July 05, 2018

San Jose’s own Joey Chestnut breaks hot dog eating record

Chestnut is the sport's all-time record holder and in 2016, he ate 73.5 hot dogs and in 2017, he consumed 72 hot dogs (with buns) in 10 minutes. "I found a vicious rhythm", the 34-year-old Chestnut said after...More..

China says 'fully prepared' if trade war kicks off this week
by | Thursday, July 05, 2018

China says 'fully prepared' if trade war kicks off this week

China's stock market has fallen almost 10 percent in recent weeks on fears of a trade war while its currency has dropped sharply against the US dollar. Daimler has already lowered its outlook for profits, citin...More..

#Trade - EU comments on United States vehicle imports investigation
by | Thursday, July 05, 2018

#Trade - EU comments on United States vehicle imports investigation

In the EU's view, this current investigation lacks legitimacy, factual basis and violates global trade rules, just as the similar investigation that led to the imposition of steel and aluminium tariffs earlier ...More..

Hyundai interested in acquiring controlling stake in FCA
by | Wednesday, July 04, 2018

Hyundai interested in acquiring controlling stake in FCA

Reportedly, Hyundai could launch the bid within months. If Chung Mong-koo truly wants a takeover, he'll act before Marchionne steps down, the sources claim. He was also responsible for naming FCA chief of Europ...More..

Chairman of Giant Chinese Conglomerate Dies in Fall
by | Wednesday, July 04, 2018

Chairman of Giant Chinese Conglomerate Dies in Fall

Wang suffered the fatal accident on Tuesday in the picturesque hillside village of Bonnieux after climbing onto a parapet, either to see the view of the valley below or to have his photograph taken, local secur...More..

by | Wednesday, July 04, 2018

ZTE given temporary reprieve from USA; removes more executives

The waiver does not permit companies to begin any new business with ZTE, however. China's No.2 telecom equipment maker was forced to cease major operations in April after the US slapped it with a supplier ban...More..

by | Wednesday, July 04, 2018

Services surge points to August rate rise

UK GDP expanded by 0.2 per cent, revised figures show. The services sector activity in the United Kingdom economy extended its rebound in the month of June, and surprised markets to the upside, a fresh report...More..

Largest US Business Group Attacks Trump On Tariffs
by | Wednesday, July 04, 2018

Largest US Business Group Attacks Trump On Tariffs

Trump initially granted Canada , EU members and other nations exemptions on the metal tariffs - 25% on steel and 10% on aluminum. The stark warning was included in the European Commission's written re...More..

Jacob Rees-Mogg in backlash from Tories over Brexit threat
by | Wednesday, July 04, 2018

Jacob Rees-Mogg in backlash from Tories over Brexit threat

The EU has rejected previous British proposals for trade with the bloc after Brexit, saying Britain can not both quit the EU and retain the main economic benefits of membership. He insisted he was "confident" M...More..

by | Wednesday, July 04, 2018

Oil prices chart new territory on supply-side concerns

On Fox, Trump directed blame at the Organization of Petroleum Exporting Countries, of which Saudi Arabia is a member. The official Saudi Press Agency confirmed a phone call between Trump and Salman about oil,...More..

Critics Say Trump's US FART Act 'Stinks', Full of 'Hot Air'
by | Wednesday, July 04, 2018

Critics Say Trump's US FART Act 'Stinks', Full of 'Hot Air'

The " United States Fair and Reciprocal Tariff Act ", would allow Trump to consolidate his power and negotiate one-on-one with any country of his choosing. The EU on Friday submitted comments warning the US Com...More..

Netflix is testing a new 'Ultra' tier of service
by | Wednesday, July 04, 2018

Netflix is testing a new 'Ultra' tier of service

Joining the Base, Standard, and Premium, multiple users say the Ultra plan costs €16.99 in Italy, or €3 more than the Premium plan now available from the world's top streaming content provider. The Ultra plan, ...More..

How India Can Cope With Cut In Iran Oil Imports
by | Wednesday, July 04, 2018

How India Can Cope With Cut In Iran Oil Imports

The state-run Saudi Press Agency confirmed Saturday that Trump had spoken with Salman on the phone about the need to " maintain the stability of oil markets ", The Wall Street Journal reported. The company has ...More..

Merkel Backs Down, Agreeing to Stem Flow of Refugees Into Germany
by | Wednesday, July 04, 2018

Merkel Backs Down, Agreeing to Stem Flow of Refugees Into Germany

Merkel's deal calls for setting up holding centres at the German border for refugees already registered in other European Union countries. Seehofer's power over Merkel stems from an agreement under which th...More..

Mexico's victor reaches out to Trump, seeks NAFTA deal
by | Tuesday, July 03, 2018

Mexico's victor reaches out to Trump, seeks NAFTA deal

Wade. Lopez Obrador told the Televisa network Monday that he will respect the current team of negotiators, and let them continue representing Mexico until he takes office December 1, noting that he wa...More..

by | Tuesday, July 03, 2018

Trump makes veiled WTO threat after European Union warning on vehicle tariffs

But if shortened to an acronym, like many longwinded bill names are, Trump's plan could be known as the U.S. FART Act. Last Friday the outlet had reported that Trump had asked aides about pulling the US out...More..