Markets

Markets Global oil market to lapse into surplus in 2019
Author: 0 Global oil market to lapse into surplus in 2019

U.S. West Texas Intermediate (WTI) crude oil futures ended Wednesday's session up 56 cents, or 1 percent, at $56.25 per barrel. Oil prices have dropped significantly in recent weeks, with the USA benchmark price dipping below $60 per barrel, according to Market Watch.

Markets After employee protest, Google unveils steps to tackle workplace harassment
Author: 0 After employee protest, Google unveils steps to tackle workplace harassment

First, Google plans to make arbitration optional for individual sexual harassment and sexual assault claims. In the memo, chief executive Sundar Pichai wrote : "Over the past few weeks Google's leaders and I have heard your feedback and have been moved by the stories you've shared."We recognise that we have not always gotten everything right in the past and we are sincerely sorry for that".

Markets Oil in bear market as supply rises, demand outlook weakens
Author: 0 Oil in bear market as supply rises, demand outlook weakens

U.S. West Texas Intermediate crude ended Tuesday's trading session down 89 cents, or 1.4%, to $62.21 a barrel, Kallanish Energy reports. Even with USA sanctions on Iranian oil in place, the perception among investors is that there is more than enough supply to meet demand, as reflected by the front-month January Brent futures contract trading at a discount to February.

Markets Lion Air Crash: Boeing points global warning for incorrect jet sensors
Author: 0 Lion Air Crash: Boeing points global warning for incorrect jet sensors

Indonesian authorities extended on Wednesday a search for victims of the plane crash last week, when all 189 on board a Lion Air flight were killed, and for the aircraft's second black box , the cockpit voice recorder. Southwest had 23 737 Max 8 in its fleet as of September 30, with nine more to be delivered by the end of the year. Another Lion Air flight has crashed just a week after one of the company's planes plunged into the sea, killing 189 people.

Markets Lowe's Closing 51 Stores
Author: 0 Lowe's Closing 51 Stores

The company said these locations were under-performing, and that most of the impacted stores were located within 10 miles of another Lowe's location. Lowe's said it will conduct store-closing sales, and that all of the affected locations are expected to close by February 1, the end of its 2018 fiscal year.

Markets Boeing jet crashed in Indonesia after key sensor replaced
Author: 0 Boeing jet crashed in Indonesia after key sensor replaced

Boeing's bulletin was the first indication that an error with the aircraft's systems may have caused problems for the Lion Air flight, which took off from Jakarta. Indonesian officials say that all 11 such aircraft have been tested and declared safe to fly. Boeing has been working to increase production capacity at the Renton, Wash., factory where 737s are assembled.

Markets Financial Markets and EM's rally on Trump trade breakthrough hopes
Author: 0 Financial Markets and EM's rally on Trump trade breakthrough hopes

Trump had a "long and very good" telephone conversation with his Chinese counterpart on Thursday. Xi had an "extremely positive" phone conversation with Trump about trade and other issues, the foreign ministry said Friday, Nov. "Those discussions are moving along nicely", Trump wrote on Twitter on Thursday. The report said it was unclear if Trump was easing up on demands that have been resisted by Beijing , and cited one person as saying intellectual property theft is a sticking point on ...

Markets Oil prices fall amid concerns over USA sanctions on Iran looming
Author: 0 Oil prices fall amid concerns over USA sanctions on Iran looming

Yet over the past 20 trading sessions, oil and stocks both peaked in early October and both have lost almost 10 percent through the end of the month. Concerns about the gap in crude oil supply caused by US sanctions on Iran have fueled spike of crude oil prices in the past few months.

Markets Government cites never-used powers for resolving issues with RBI
Author: 0 Government cites never-used powers for resolving issues with RBI

While refusing to divulge the contents of the letter, Gurumurthy told The Economic Times that he had objected to "Acharya going public on issues not discussed in or disclosed to the board which met just two days earlier". The statement issued by the union said, the hiatus has widened now and the deputy governor has spoken more "in disgust and despondency" due to continuous nibbling by the government and the finance ministry.

Markets Indonesia Lion Air flight crashes with 189 aboard
Author: 0 Indonesia Lion Air flight crashes with 189 aboard

Swedish flight tracking service Flightradar24 reported that the airplane was a Boeing 737 that had been delivered to Lion Air in August. Agency spokesman Sutopo Purwo Nugroho posted photos on Twitter of debris including a crushed smartphone, books, bags and parts of the aircraft fuselage that had been collected by search and rescue vessels that have converged on the area.

Markets Amazon shares sink 10 percent on growth worries
Author: 0 Amazon shares sink 10 percent on growth worries

Inc.is scheduled to announce its third-quarter earnings after the market closes on Thursday. "This guidance anticipates an unfavorable impact of approximately 80 basis points from foreign exchange rates", the press release said . Amazon also benefitted from strong sales of its Prime subscription program. Now, Walmart , Target and others are working harder to play catchup against Amazon to hold onto their customers.

Markets China said listening to Trump's phone calls with some wealthy Jewish friends
Author: 0 China said listening to Trump's phone calls with some wealthy Jewish friends

Reacting to the report , Chinese foreign ministry spokeswoman Hua Chunying in Beijing said "certain people in the United States are sparing no efforts to win the best screenplay award at the Oscars". Hua's comments come after Verizon and AT&T dropped plans to sell a new Huawei handset amidst reported pressure from U.S. government officials.

Markets Jamal Khashoggi’s killing was ‘extrajudicial execution’
Author: 0 Jamal Khashoggi’s killing was ‘extrajudicial execution’

Trump described the plan to kill Khashoggi in the Saudi diplomatic mission in Istanbul, as well as the contrasting cover-up stories after it, as a "bad deal" and "the worst cover-up ever". During the vigil, a friend of Khashoggi and advisor to Turkish President Recep Tayyip Erdogan, Yasin Aktay, said that "no one can sweep this affair under the rug".

Markets Despite Terrible Odds, Texans Taking A Chance At Mega Millions Fortune
Author: 0 Despite Terrible Odds, Texans Taking A Chance At Mega Millions Fortune

Lottery officials had expected to sell 75 percent of them by Tuesday night's drawing , where Mega Millions host John Crow announced the winning numbers. But raising the number of Mega Balls makes it harder to win the jackpot. We spoke to some people buying tickets around Boise about their lotto plans.

Markets Sky sources: Jamal Khashoggi's body parts found
Author: 0 Sky sources: Jamal Khashoggi's body parts found

Trump had previously called Saudi versions credible and sent conflicting signals on how the USA should respond, last week calling the journalist's killing "very bad" but repeatedly emphasizing that he didn't want to endanger US arms sales to Saudi Arabia , Saudi investment in the US or the American alliance with the kingdom.

Markets EU voices worries over Italy’s budget deficit
Author: 0 EU voices worries over Italy’s budget deficit

On Wednesday Conte said he saw no room for changing tack and on Thursday described the budget as "beautiful". "We acknowledge European institutions as our counterparties (over budget matters) ... Moscovici said Italy would be treated like any other member state, adding: "I can not imagine a Europe without Italy or Italy without Europe". The so-called structural deficit, a key measure for the Commission, which strips out effects of the economic cycle and one-off spending items, is also ...

Markets Tesla’s Newest, Cheapest Model 3 Sedan Is Coming
Author: 0 Tesla’s Newest, Cheapest Model 3 Sedan Is Coming

It estimates the actual price, after estimated savings, at closer to $33,000, including gas savings, for a rear-wheel drive version with an estimated 260-mile range and a 5.6-second race to 60 miles an hour. The total cost for the technology was $9,000 at the time of purchase, or $10,000 if you chose to upgrade after buying the vehicle. The mid-range model is advertised as starting at $31,000 after state and federal tax credits and gas savings, which is an interesting way to display pricing ...

Markets Turkish police find Saudi consulate auto abandoned in Istanbul parking lot
Author: 0 Turkish police find Saudi consulate auto abandoned in Istanbul parking lot

The foreign minister reiterated that Saudi Crown Prince Mohammed bin Salman was unaware of this operation and the people involved in the murder did not have ties with bin Salman. This came in a telephone call made by the crown prince to Salah Jamal Khashoggi , the son of late Jamal Khashoggi . "The individuals who did this, did this outside the scope of their authority".

Markets Trump appears to threaten USMCA deal when lashing out at migrant caravan
Author: 0 Trump appears to threaten USMCA deal when lashing out at migrant caravan

A caravan of Central Americans that formed in southern Mexico in late March also drew the ire of Trump , who on Thursday threatened to deploy the military and close the southern USA border if Mexico did not halt the latest procession. A group of migrants breached the Mexico-Guatemala border Friday, according to reports. Later, he retweeted a video of Mexican federal police arriving at the Guatemalan border and wrote: "Thank you Mexico, we look forward to working with you!" "The ...

Markets Mega Millions is now $900M. This is why lottery jackpots keep ballooning
Author: 0 Mega Millions is now $900M. This is why lottery jackpots keep ballooning

Do not respond the emails, officials say. 'We certainly know we get more pool play, people coming in making very large purchases for a group, ' said Chuck Strutt, executive director of the Urbandale, Iowa-based Multi-State Lottery Association that oversees the Mega Millions, Powerball and other lotteries.

Markets Pompeo heard recording of Khashoggi 'murder'
Author: 0 Pompeo heard recording of Khashoggi 'murder'

Al Hurra news channel quoted Pompeo: "I did not hear an audio tape and I did not see any transcript, and the network that announced it must withdraw this headline". President Donald Trump is facing increased pressure from Congress over his handling of Khashoggi's disappearance, exposing a widening rift between the White House and Capitol Hill over the US relationship with Saudi Arabia.

Markets Saudi Arabia Calls The End Of Russia’s Oil Prowess
Author: 0 Saudi Arabia Calls The End Of Russia’s Oil Prowess

Still, reports that Iranian exports of crude oil may be falling faster than expected ahead of new United States sanctions on Tehran from Nov 4 lent support. The 11.21 million barrels places the country in second place of the most prolific oil producers in the world, behind the United States, who overtook both Saudi Arabia and Russian Federation earlier this year, according to EIA data as cited by CNN.

Markets Saudi Arabia strikes back at U.S. over political rhetoric, threatens oil stability
Author: 0 Saudi Arabia strikes back at U.S. over political rhetoric, threatens oil stability

Khashoggi, a USA resident and Washington Post columnist critical of Riyadh's policies, disappeared on October 2 after entering the Saudi consulate in Istanbul. Mohammed bin Salman, the 33-year-old crown prince of Saudi Arabia who leads the country's Public Investment Fund , has pledged $45bn to SoftBank's Vision Fund, making it one of the most significant stakeholders in the Japanese investment vehicle.

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