Economy

Amazon tests checkout-free shopping for larger stores

Amazon tests checkout-free shopping for larger stores Amazon's cashierless tech is already in use in brick-and-mortar Amazon Go stores in Seattle, Chicago, and San Francisco. The test is said to be a potential trial run for cashierless checkout at Whole Foods, the grocery store chain Amazon acquired past year for more than $13 billion, though the actual objective remains unclear. [Full Article...]

Alberta orders oil production cut to deal with price differential

Even after that gain, Western Canada Select crude was trading for $29 a barrel less than USA benchmarks. She said the price gap that is forcing the government action is caused by the federal government's decades-long inability to build pipelines. [Full Article...]

Schedule of funeral plans for George H.W. Bush

Bush, has been pictured lying beside his former owner's coffin. Bush's body will be transported by a motorcade Monday morning from a Houston funeral home to Ellington Field Joint Reserve Base, a Texas Air National Guard base. President Donald Trump , who ordered federal offices closed for a national day of mourning on Wednesday, is to attend with first lady Melania Trump and other high-r... [Full Article...]

Trump, Xi trade war dinner went 'very well:' White House adviser

Trump, Xi trade war dinner went 'very well:' White House adviser Instead the USA president appeared to barely acknowledge MBS, as he's known, before taking his place for the photo between French President Emmanuel Macron and Japanese Prime Minister Shinzo Abe. relations, one of the most important bilateral ties in the world. On Friday, on the sidelines of the G-20 summit in Argentina, he and his Mexican and Canadian counterparts signed an agreement that, if app... [Full Article...]

Oil Steadies As OPEC Leans Toward New Output Cuts

Oil Steadies As OPEC Leans Toward New Output Cuts On Thursday, Khalid al Falih-Minister of Energy of Saudi Arabia-said that the state's oil production for the current month would cross October's output of 10.6 Million barrels per day. The oil reserves in the USA increased by 3.6 million barrels in the week to 23 November to 450,49 million barrels, according to the global energy Agency. [Full Article...]

Qatar to quit OPEC in 2019: energy minister

Qatar to quit OPEC in 2019: energy minister Qatar will withdraw from Opec on January 1, Qatari Energy Minister Saad Sherida Al Kaabi announced on Monday. Kaabi said OPEC had been informed of the decision on Monday ahead of the announcement and that he would still attend the organisation's Vienna meeting later this week, his "first and last" as energy minister. [Full Article...]

US files criminal charges against Irish born Mike Lynch over HP sale

US files criminal charges against Irish born Mike Lynch over HP sale The charge relates to Autonomy's US$11bn sale to computer behemoth Hewlett-Packard back in 2011 - a price that raised eyebrows in the City. But now the DoJ has filed charges in a San Francisco court, accusing Lynch and other senior Autonomy executives of making false statement that inflated the value of the company. [Full Article...]

Gold Forecast: Dovish Fed and US-China Deal Needed for Topside Breakout

Gold Forecast: Dovish Fed and US-China Deal Needed for Topside Breakout 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 and opening to slowing the rate of hikes", said Oliver Pursche, vice chairman and chief market strategist at Bruderman Asset Management in NY. [Full Article...]

Search of Deutsche Bank offices continues in German 'Panama Papers' probe

Search of Deutsche Bank offices continues in German 'Panama Papers' probe It is the latest blow to the bank, whose reputation has suffered in recent years owing to a number of financial and regulatory scandals and three years of losses. This week's events raise the stakes of a regularly scheduled meeting of the bank's supervisory board planned for December 4. Only one police vehicle was visible outside the bank's headquarters early on Friday. [Full Article...]

Donald Trump, Xi Jinping Agree To Trade Truce At G-20 Summit

Donald Trump, Xi Jinping Agree To Trade Truce At G-20 Summit Mike Starkey offloads soybeans from his combine as he harvests his crops in Brownsburg, Indiana, Sept. 21, 2018. The United States said Saturday that it agreed in a long-awaited summit with China to suspend new tariffs for 90 days as the two powers seek to end a trade war. [Full Article...]

Powell: US economy healthy and rate hikes aren't automatic

Powell: US economy healthy and rate hikes aren't automatic It indicated that the Fed is not committed to further rate increases next year and is very attuned to their demands, despite official claims that its policies are set by the state of the economy not the markets . Analysts read that as a suggestion that Powell intends to be more cautious about hikes in rates. In its most recent projections, the Fed forecast that it would raise rates in December ... [Full Article...]

BRICS slam protectionism as China-US spat overshadows G20 talks:The Asahi Shimbun

With a rise in nationalist sentiment in many countries, the G20, which accounts for two-thirds of the global population, faces doubts over its ability to deal with trade tensions and other geopolitical differences among. Trump met Friday with Japanese Prime Minister Shinzo Abe and Indian Prime Minister Narendra Modi in a rare trilateral meeting. The Kremlin said it was willing to be "patient" in a... [Full Article...]

US Fed official urges pause on rate hikes with inflation under control

US Fed official urges pause on rate hikes with inflation under control The change comes months after Powell indicated plans to raise interest rates and cool down the U.S. economy, moves that run counter to President Donald Trump's expansionary moves, including last year's tax cuts. The hikes have prompted a flood of criticism from President Donald Trump, who has repeatedly attacked the Fed and Powell personally. Stock markets began a broad descent toward a correcti... [Full Article...]

US, Canada, Mexico continue brinkmanship on trade deal

Mr Pena Nieto, who will be replaced on Saturday with Mexico's newly-elected president, has sold the deal to his people as a victory, saving free trade from a U.S. It was unclear what exactly the three countries would sign. "That's bad news for a lot of us", said Rufus Yerxa, president of the National Foreign Trade Council, which represents multinational corporations. [Full Article...]

WTI oil price slides under $50 per barrel

WTI oil price slides under $50 per barrel Oil slipped on Wednesday, pressured by rising US inventories and doubts over whether an OPEC-led output cut will be agreed next week. The two global oil benchmarks, North Sea Brent and USA crude, still have had their weakest month in more than 10 years in November, losing more than 20 per cent as global supply has outstripped demand. [Full Article...]

Powell's 'just below' comment seen as suggesting fewer rate hikes

The minutes show support for a fourth hike this year if the labour market and inflation meet or exceed expectations. His remarks were a departure from comments he made at the beginning of October, stating the interest rates were a "long way from neutral". [Full Article...]

Trump signs new trade deal with Canada and Mexico

Trump signs new trade deal with Canada and Mexico A day before Canada , the United States and Mexico are due to sign a new trade pact, the three sides are still finalizing some of the details, Foreign Minister Chrystia Freeland said on Thursday. The Friday deadline is important as new Mexican President Andres Manuel Lopez Obrado is being swore into office on Saturday and he could scramble the hard-fought agreement between the three nations. [Full Article...]

US Fed chairman Powell hints at higher rates following Trump attack

US Fed chairman Powell hints at higher rates following Trump attack Nearly all Federal Reserve officials at their last meeting agreed another interest rate increase was "likely to be warranted fairly soon", but also opened debate on when to pause further hikes and how to relay those plans to the public. No, Mr Powell has blinked in the face of some unpleasant personal attacks from Mr Trump. "But I think they are overpriced", he said. For example, he didn't dis... [Full Article...]

Trump auto tariff threats may hit U.S. consumers' pockets

Trump auto tariff threats may hit U.S. consumers' pockets A 25 percent duty on imported light trucks was applied in the 1960s by President Lyndon Johnson in retaliation to West German tariffs on United States poultry. "The President has great power on this issue", he wrote. Trump also criticized GM for not closing facilities in Mexico or China. The US now provides subsidies to auto buyers of $2,500 to $7,500 for electric vehicles by all automaker... [Full Article...]

Tariff talk expected at G20 summit: ASX is set to open flat

Tariff talk expected at G20 summit: ASX is set to open flat But Trump escalated tensions earlier in the week, when he repeated a threat to put tariffs on the remaining Chinese goods if a deal can't be reached. White House economic adviser Larry Kudlow on Tuesday dangled the possibility of a "breakthrough" at the dinner . [Full Article...]


« Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82  Next »