Finance

by | December 08, 2018 | 03:50

The Australian dollar , viewed as a barometer of Chinese growth, gave up early gains to trade 0.26 percent lower. The Dow retreated 3.1 percent and the Nasdaq sank 3.8 percent on Tuesday. An inversion in that part of the curve has preceded each of the last seven recessions. It reflects the idea that the Fed is slowly hiking the economy into recession.

by | December 08, 2018 | 02:21

Once in place, umbilical cords from the power unit feed the car's electrical systems, with power management operated via a dedicated screen in the cabin. " We are very aware of the environmental and social pressures that threaten to restrict the use of classic cars in the years to come", Aston Martin CEO Andy Palmer said in a statement.

by | December 08, 2018 | 02:10

In the full-width crash test , the rear passenger protection was rated as poor - the lowest rating - while driver chest protection was marginal. It also advised that the Wrangler will get autonomous emergency braking ( AEB ) and other safety features such as blind-spot monitoring, rear cross-path detection, parking sensors and a rear-view camera in markets such as Australia where it is due to go into showrooms next year.

by | December 07, 2018 | 18:59

Trump has exaggerated the effect of the tariffs on US revenue. He said the "implicit potential threat" of new tariffs had been reduced after the meeting. On Monday, Kudlow said there was an "assumption" that China would eliminate auto tariffs, not a specific agreement. Those 10 percent tariffs were scheduled to ratchet up to 25 percent on January 1 if the USA and China failed to reach an agreement to at least postpone that move.

by | December 07, 2018 | 13:48

While there does exist a hardcore of "Brexiteers" who want Britain and Northern Ireland to leave the European Union with no deal, it is generally agreed that this is a minority view within Parliament. However, it has already been rejected by Arlene Foster, leader of the Democratic Unionist Party , which is propping up Mrs May's government. May's critics, including both supporters and opponents of Brexit, say that means Britain could be subject to European Union laws long after it has ...

by | December 07, 2018 | 08:14

Whether Beijing was informed of the arrest before or after the dinner, they did know about it before they issued later statements indicating that trade talks were moving forward, a clear signal that the arrest had not derailed the trade talks.

by | December 06, 2018 | 22:49

In latest, Canadian law enforcement has arrested Huawei CFO Wanzhou Meng from Vancouver while she was changing her flights. News of Meng's arrest provoked an immediate protest from the Chinese embassy in Canada , demanding the US and its neighbor "rectify wrongdoings" and free Meng.

by | December 06, 2018 | 22:47

Meng "was arrested in Vancouver on December 1", a statement by Canada's ministry of justice said . "The arrest comes against a backdrop of concerns about trade and technology as well as cyber security when using Chinese hardware for IT systems", said Michael Hewson, analyst at CMC Markets.

by | December 06, 2018 | 22:03

On Monday, Trump tweeted that China had agreed to remove tariffs on American autos , but White House aides struggled to explain specifics about the deal, according to the Associated Press . The two countries have now agreed to a 90-day truce to work out a broader trade deal . The Dow Jones Industrial Average.DJI fell more than 3 per cent, the S&P 500.SPX lost 3.2 per cent and the Nasdaq Composite.IXIC tumbled 3.8 per cent.

by | December 06, 2018 | 17:53

Farmers union FNSEA said it would fight to help farmers earn a better income, though it said it would not officially be joining forces with the "yellow vests ", as the protesters have come to be called after the high-visibility vests French motorists are required to keep in their cars, and which they don for demonstrations.

by | December 06, 2018 | 17:41

Iran hopes to be exempted from the cuts to keep its economy afloat, as the country faces harsh economic sanctions imposed by the US. Oil fell on Wednesday as a swelling supply glut and signs of an economic slowdown weighed on crude prices a day ahead of an OPEC meeting at which the producer club is expected to decide supply cuts.

by | December 06, 2018 | 12:05

Fire-sale prices have led to concerns the oilpatch will have to find savings elsewhere in the coming weeks and months by slashing capital spending or jobs. The Trans Mountain pipeline expansion, which would triple capacity to move oil to the west coast, was approved two years ago, but is now in legal limbo as Ottawa revisits the impacts on First Nations and B.C.'s marine environment.

by | December 06, 2018 | 06:00

In 2012, the House of Representatives released a report warning Huawei poses a national security threat to the US, and American companies and its government should avoid doing business with the company. Meng, daughter of the founder of the massive company, is being held under a provisional arrest warrant issued under the Extradition Act. In 2007, Ms.

by | December 05, 2018 | 10:42

President Trump, who met with Chinese President Xi Jinping over the weekend, said: "If that deal came back to [Xi], he would most likely approve it quickly, which is a big thing". Xilinx is now vying to acquire Israeli chip maker Mellanox Technologies after it made a decision to run an auction to sell itself, according to people familiar with the matter.

by | December 05, 2018 | 03:14

Global investors, who had feared for months that a protracted trade war could hurt economic growth, seemed to cheer the cease-fire on Monday, but USA markets slid back on Tuesday as it became clear that there were few concrete commitments that came out of the discussions so far.

by | December 04, 2018 | 16:28

D'Angelo said the breach was discovered on Friday but it did not affect question and answers that are written anonymously. "While the passwords were encrypted (hashed with a salt that varies for each user), it is generally a best practice not to reuse the same password across multiple services, and we recommend that people change their passwords if they are doing so", said Adam D'Angelo, CEO, Quora on its blog.

by | December 04, 2018 | 13:45

Congress, on the other hand, is not rolling, and I think President Trump's intent here was to light a fire under Congress". "Without major improvements, this supposed overhaul will prove to be nothing more than a rebranded corporate handout".

by | December 03, 2018 | 16:39

Furthermore, during the G20 Leaders' Summit, both Russian Federation and Saudi Arabia agreed to cut oil production in 2019. Trading action was also held in check ahead of weekend meetings of the Group of 20 in Argentina, where oil talks are expected take place on the sidelines, ahead of an official meeting on December 6 between OPEC and its allies.

by | December 03, 2018 | 14:38

The minister said the withdrawal reflects his country's desire to focus on plans to develop and increase its natural gas production from 77 million tons per year to 110 million tons in coming years. An existing deal committing OPEC and non-members to cuts expires this year. Delegates at OPEC, which has 15 members including Qatar, sought to play down the impact.

by | December 02, 2018 | 14:29

Powell "gave the market, and presumably President Trump, exactly what he wanted, which was an admission that the previously proposed path of future rate hikes was probably too aggressive", Oliver Pursche, chief market strategist at Bruderman Asset Management in NY, told Reuters.

by | December 01, 2018 | 14:45

The two countries are also at odds militarily over China's extensive claims in the South China Sea and US warship movements through the highly sensitive Taiwan Strait. The Kremlin said it had not been notified and only learned about it from the tweet. Persistent disputes with Canadian Prime Minister Justin Trudeau - including over USA steel and aluminum tariffs - led to questions about who precisely from the Canadian side would be doing the signing.

by | December 01, 2018 | 08:12

From the Fed's perspective, the interest rate hike in December will probably lead to an interest rate level that will no longer justify the automatism of a quarterly interest rate hike. Minutes released yesterday from the Fed's last policy meeting also showed some policymakers believed going above neutral could slow the economy needlessly.

by | November 30, 2018 | 22:13

With this in view, the Organisation of Petroleum Exporting Countries ( OPEC ), of which both Nigeria and Saudi Arabia belong, has been considering the best way to stabilise the market. Russia's energy ministry is discussing potential oil production cuts with local producers and will continue talks to come up with a position by the OPEC/non-OPEC meeting in early December, Energy Minister Alexander Novak said last week.

by | November 30, 2018 | 19:44

Massachusetts Sen. Elizabeth Warren, a likely 2020 presidential candidate, said she will oppose the new deal, saying it won't stop the "serious and ongoing harm NAFTA causes for American workers". "The fact that this is an agreement in three languages adds to the level of technical complexity and it is on that level that we are just being sure that all the Is are dotted and all the Ts are crossed", Freeland said Thursday afternoon, speaking on a hotel patio in Buenos Aires.

by | November 30, 2018 | 18:41

Wall Street rallied, with the Dow Jones equity index gaining 2.5pc, as investors bet the Fed was about to ease back on its programme of rate rises. Powell , in remarks just two weeks ago, had listed three possible challenges to growth in 2019: slowing demand overseas, fading fiscal stimulus at home and the lagged economic impact of the Fed's past rate increases.