Markets

Author: 0 Canada refusing to make concessions on NAFTA

Ninety-eight per cent of CETA came into effect last September on a provisional basis, sweeping away tariffs on a large number of goods and widening access to Canadian beef in Europe and European Union cheese and wine in Canada. Under a US legal process known as Trade Promotion Authority that was invoked to revamp NAFTA, Americans lawmakers need to review the text of the agreement 60 days before President Donald Trump can sign it.

Markets Fox sells Sky stake to Comcast in $15-billion deal
Author: 0 Fox sells Sky stake to Comcast in $15-billion deal

After losing a bidding war with Comcast, 21st Century Fox plans to sell its remaining stake in major United Kingdom television company Sky. The move lets Fox focus on another megadeal underway: The majority of the company will be sold to Walt Disney Co .in a $71 billion transaction that's slated to close next year.

Markets Iran says Trump is why oil prices are now so high
Author: 0 Iran says Trump is why oil prices are now so high

Oil prices rose Tuesday on global supply concerns following US sanctions on Iran's oil exports, with benchmark Brent surging to a four-year high, then retraced gains to settle just slightly higher after US President Donald Trump called again on Opec to boost crude output.

Markets Fed raises rates, sees at least three more years of economic growth
Author: 0 Fed raises rates, sees at least three more years of economic growth

But he also said that inflation doesn't seem likely to spike, which would allow the Fed to continue on its gradual path to raise rates off the record lows they set following the 2008 financial crisis. "We don't consider political factors or things like that", the Fed chief said. The Fed's latest forecast predicts that the unemployment rate, now 3.9 percent, will reach 3.7 percent by the end of this year and then 3.5 percent next year.

Markets President Trump's tough stance on trade forces Mexico, Canada to make choices
Author: 0 President Trump's tough stance on trade forces Mexico, Canada to make choices

He took aim at the country's dairy tariffs and reiterated his threat to tax Canada's auto industry. "We don't like their representative very much", Trump said in an apparent reference to the Canadian foreign minister, Chrystia Freeland. Both the US and Mexico have said they will press ahead with the bilateral accord they reached last month, with or without Canada. "We are not getting along with their negotiators", he said.

Author: 0 Canada Not Making 'Essential' Trade Concessions, According to Lighthizer

While the talks have been "challenging", the ball is on the US side of the court, MacNaughton said at an event in Toronto hosted by the USA website Politico. lack of punitive tariffs that we consider are unjust". "We don't really have any choice", but to push ahead with Congress on the deal already reached, he said.

Markets Uncertainty Over Lost Production from Iran Sanctions Still Driving Upside Momentum
Author: 0 Uncertainty Over Lost Production from Iran Sanctions Still Driving Upside Momentum

Major oil trading houses are predicting the return of US$100 crude for the first time since 2014 as OPEC and its allies struggle to compensate for USA sanctions on Iran's exports. "This is the oil market's response to the OPEC + group's refusal to step up its oil production ", said Carsten Fritsch, commodities analyst at Commerzbank in Frankfurt.

Author: 0 Price of oil could reach $100/barrel by late 2018 or early 2019

Such a rise in oil prices would make it the first time since the summer of 2014 that oil would return to the $100-a-barrel price level. Crude oil is off of recent highs with WTI crude barrels back into the 72.00 level after peaking at 72.72, driven higher by incoming United States sanctions on Iran and concerns about immediate supply being able to cover the loss of Iranian production in global markets.

Markets Versace fans smear Michael Kors as 'tackiest man alive' following brand's sale
Author: 0 Versace fans smear Michael Kors as 'tackiest man alive' following brand's sale

In honor of the acquisition, the Michael Kors Holdings fashion group is changing its name to Capri Holdings Limited, and we really hope it's a coincidence and not a "bring back capris" movement. Jefferies reiterated its "buy" rating for Micheal Kors after the acquisition of the Italian designer house Versace . "This takeover is likely to position the future of Michael Kors and Versace alongside the accessories-focused group Tapestry Inc, which includes Coach, Kate Spade and Stuart ...

Markets XRP Surges, Edges Past Ethereum as 2nd Biggest Crypto by Market Cap
Author: 0 XRP Surges, Edges Past Ethereum as 2nd Biggest Crypto by Market Cap

As recently as September 12th, in the face of multiple ongoing legal actions and a damning assessment of its marketing and potential value by the Bloomberg-backed Satis Group report , XRP was struggling to keep above the $0.25 mark. "There's been an immensely positive buzz regarding cryptocurrencies in the last few weeks - with the standout being XRP ", said Green. Ripple also built a relationship with companies such as Western Union and MoneyGram .

Markets Barrick and Randgold to create world's biggest miner
Author: 0 Barrick and Randgold to create world's biggest miner

Randgold shares gained 3.8 per cent to 5,108 pence as of 8:10 a.m.in London trading. The takeover helps Barrick to boost output at a time when its stock has been punished for the company's stagnant pipeline. One asked him whether there is risk for Randgold, known for its nimble, decentralized business model, in combining with the much bigger Barrick . Mr Hyett said that was also welcome since Randgold had been struggling to find new projects of scale.

Markets Australia's strawberry needle scare spreads to New Zealand
Author: 0 Australia's strawberry needle scare spreads to New Zealand

Countdown would continue to stock New Zealand strawberries. Motorists are being warned South Island mountain passes may be closed by snow tonight. Following similar advice from public health authorities in Australia, customers should cut up any Australian strawberries before eating them. Australian strawberries are exported to NZ from April to September and local strawberries began appearing on shelves this week in their place.

Markets Trade talks impossible with ‘US holding knife’ to Beijing’s neck - deputy minister
Author: 0 Trade talks impossible with ‘US holding knife’ to Beijing’s neck - deputy minister

The Commonwealth Bank of Australia expects the U.S. will eventually apply 25% on tariffs on all Chinese imports beginning either late this year or early 2019. China on Saturday called off planned trade talks with U.S. officials with a move by the U.S. State Department to sanction China's defense agency and its director on Thursday contributing to the decision, according to people familiar with the situation.

Markets Instagram co-founders stepping down from Facebook
Author: 0 Instagram co-founders stepping down from Facebook

Instagram CEO Kevin Systrom said Monday evening on a corporate blog post that he and chief technology officer Mike Krieger are leaving the social networking giant and "planning on taking some time off to explore our curiosity and creativity again".

Markets Opec predicts massive rise in oil production over next five years
Author: 0 Opec predicts massive rise in oil production over next five years

The meeting ended with no formal agreement on any additional supply boost. Before the Sunday meeting, Zangeneh had warned fellow OPEC members against any effort to appease the USA, saying Tehran would veto any decision by the Organization of Petroleum Exporting Countries that would harm Iran's national interests.

Markets SiriusXM purchases Pandora for $3.5 billion
Author: 0 SiriusXM purchases Pandora for $3.5 billion

The transaction would combine SiriusXM's 36 million subscribers in North America with Pandora's more than 70 million monthly active users. Just use the form below to register. Whether or not this move helps to establish Pandora as a legitimate threat to streaming music titans Spotify and Apple Music , it seems to at least bring an expanded audience to the platform.

Markets Michael Kors is close to buying Versace for $US2 billion
Author: 0 Michael Kors is close to buying Versace for $US2 billion

Donatella Versace , who is sister of late founder Gianni and doubles as artistic director and vice-president of the Milan-based group, has called a staff meeting for Tuesday, according to a person who was briefed by a company employee. Now, it's vying with Coach owner Tapestry Inc.to build a US -based multibrand fashion empire along the lines of Paris-based conglomerates LVMH and Kering SA.

Markets Louis Challenges You To Stay In A Coffin For 30 Hours
Author: 0 Louis Challenges You To Stay In A Coffin For 30 Hours

Louis' website . Participants get "meals, snacks and drinks in bed", as well as a six-minute bathroom break every hour. As per the rules of the challenge, coffin dwellers will be allowed to bring a friend along during Fright Fest operating hours, but they must courageous the non-operating hours by themselves.

Markets US Using False Accusations On Trade To
Author: 0 US Using False Accusations On Trade To "Intimidate" Countries: China

In 2017, the USA imported quantities of these items from China ranging from $3 billion (wooden furniture) to $11.6 billion (printed circuit boards), Business Insider reported. "Protectionist US trade policies have now reached the point where they are materially affecting what remains a strong global growth outlook", a Fitch report revealed on Friday.

Author: 0 Iran to continue exporting crude despite fresh U.S. sanctions

Oil prices jumped more than 2 percent to a four-year high on Monday after OPEC declined to announce an immediate increase in production despite calls by US President Donald Trump for action to raise global supply. OPEC agreed to produce more earlier this year at Trump's request. That equates to an increase of about 1 million bpd, but the latest figures show they are some way from achieving that target.

Markets Comcast reaches for Sky, wins
Author: 0 Comcast reaches for Sky, wins

Sky shareholders will have to approve Comcast's offer. Yesterday saw Murdoch's Fox, and United States cable-TV giant Comcast, counter-bidding. A bidding war emerged last December, when Comcast made an offer for Fox's entertainment assets, which Walt Disney Co.is in the process of buying for about $71 billion (54 billion pounds).

Markets Death of diesel cars - Porsche ditches diesel engines after VW emissions scandal
Author: 0 Death of diesel cars - Porsche ditches diesel engines after VW emissions scandal

The company hasn't had a diesel auto in its portfolio since February and hasn't offered a diesel model in the United States since November of 2015, a Porsche spokesperson told CNN. "Still, Porsche's image has suffered ". The company will introduce the Taycan model next year, the brand's first fully-electric sportscar based on the Mission E concept vehicle.

Markets Australian broadcaster ABC's board sacks managing director
Author: 0 Australian broadcaster ABC's board sacks managing director

Michelle Guthrie , ABC's managing director who was sacked by the board this morning, is considering her legal options, claiming the board had no grounds to terminate her employment. He added the directors felt the ABC "would do better under different leadership" but that she had "done a good job". While my contract permits the board to terminate my appointment without cause and with immediate effect , I believe there is no justification for the board to trigger that termination clause.

Markets Iran says Europe offers new trade proposals amid US sanctions
Author: 0 Iran says Europe offers new trade proposals amid US sanctions

During the previous sanctions, India used to make payments through Ankara-based Halk Bank and UCO Bank . In May, U.S. President Donald Trump withdrew from a 2015 nuclear accord with Iran and ordered the renewal of U.S. UCO Bank and IDBI Bank have been identified to route the payment as the two have no exposure to the United States financial system. "Chabahar is a very important project for us, not only for access to Afghanistan and Central Asia , but also for Afghanistan itself", he ...

Markets Lower oil prices now
Author: 0 Lower oil prices now

US refineries produced about 10.3 million barrels of gasoline a day last week, down by 100,000 barrels compared with the prior week. West Texas Intermediate (WTI) for October delivery price settled 1.8 percent higher with the support of high USA crude oil exports information released by EIA.

Markets Coca-Cola looking at cannabis-infused drinks
Author: 0 Coca-Cola looking at cannabis-infused drinks

BNN Bloomberg reported that Coca Cola was in "serious talks" with Canadian cannabis producer Aurora Cannabis to develop CBD-infused adult enhancement drinks. After the legalisation of the Cannabis in USA and Canada, people are more interested in welcoming the drug-infused products and this initiative might be a starter for a big revolution in beverage manufacturing.

Markets Oil prices fall as U.S.-China trade war clouds demand outlook
Author: 0 Oil prices fall as U.S.-China trade war clouds demand outlook

U.S. West Texas Intermediate ( WTI ) futures rose 28 cents to $69.27 a barrel after posting a drop of 20 cents earlier in the trading session. The country's oil exports fell to 7.12 million barrels per day (bpd) last month from 7.24 million bpd, according to figures from the Joint Organizations Data Imitative.

Markets Passengers bleed after crew forgets to maintain cabin pressure
Author: 0 Passengers bleed after crew forgets to maintain cabin pressure

After we took off the AC malfunctioned, then air pressure system malfunctioned too&oxygen masks came out. In January, Jet Airways grounded two pilots following reports of a fight inside the cockpit of a flight from London to Mumbai . A Jet Airways plane at Indira Gandhi International Airport in New Delhi earlier this month. The five passengers - Anveshan Ray (39), Mukesh Sharma (31), Vikas Agarwal (31), Damodar Das (37) and Ankur Kala (38) - were examined by ENT specialists at the ...

Markets UBS analyzes Audi e-Tron impact - Audi AG (OTCMKTS:AUDVF)
Author: 0 UBS analyzes Audi e-Tron impact - Audi AG (OTCMKTS:AUDVF)

All e-trons will have a 95-kilowatt-hour battery pack under the floor that has its own temperature management system to recover heat waste and help condition the cabin as well as extend range. Owners who spec the streamlined side cameras, which take the place of conventional wing mirrors, will get a further two screens on the edges of the dashboard displaying live images.

Author: 0 China Trade Friction May Last 20 Years: Jack Ma

Ma said that the us -initiated trade war is "against China", and also disapproved his country's policies requesting the leaders to open up the market and seize the situation as an opportunity to upgrade. He said Alibaba has always worked towards the goal of "making it easy and fun to do business". He said new trade rules are desperately needed over the long-term.

Markets U.S. consumers may bear brunt of Trump's tariffs
Author: 0 U.S. consumers may bear brunt of Trump's tariffs

Economists at UBS Group AG say even a 10 percent tariff would slow the USA economy in the fourth quarter by enough to stop the Federal Reserve hiking interest rates again in December. The U.S. -China trade war will last not for 20 months or 20 days, but "maybe 20 years", he said. He also threatened to go after all Chinese goods. China's Foreign Ministry said it will respond to Trump's latest round of tariffs with duties on more than 5,200 types of American imports, including industrial ...

Markets McDonald's is giving away FREE cheeseburgers tomorrow
Author: 0 McDonald's is giving away FREE cheeseburgers tomorrow

To celebrate National Cheeseburger Day, IHOP is giving away a free side of its buttermilk pancakes or limited-time pumpkin spice pancakes with the purchase any IHOP Ultimate Steakburger. It's all about the app these days! Red Robin : Purchase any beverage when you dine at Red Robin on National Cheeseburger Day, 9/18/18, and you can get a Gourmet Cheeseburger with Bottomless Steak Fries for only $5.

Markets United Kingdom needs second plan in case 'Chequers' fails: Brexit committee head
Author: 0 United Kingdom needs second plan in case 'Chequers' fails: Brexit committee head

In a letter to EU leaders he said they should discuss arrangements for the "final phase" of the Brexit talks "including the possibility of calling another European Council in November". United Kingdom customs officers would charge different tariffs at the borders for goods bound for the domestic or European markets. He reiterated he was equally keen to prevent a hard border between Northern Ireland and Scotland as between Northern Ireland and the Republic.

Markets Amazon investigating claims of bribes and leaked data
Author: 0 Amazon investigating claims of bribes and leaked data

Amazon's customer review system is an integral part of the site , and many shoppers depend on it, even subconsciously, when choosing between various items. They referred to an average of $300 to remove a bad product review. These middlemen apparently use Chinese messaging service WeChat to make such deals.