Markets

Markets Oil prices seek balance with supply cuts, low demand
Author: 0 Oil prices seek balance with supply cuts, low demand

The share of petroleum products in the country's exports is 1.54 percent. They started of by saying the 1.8 million OPEC non-OPEC cut would be a full year cut. Iraq is committed to the deal and working to stabilise markets, and is producing slightly more than 4.5 million bpd, below its full capacity of almost 5 million, Ghadhban said.

Markets Facebook Reveals Reason For Widespread Service Outage
Author: 0 Facebook Reveals Reason For Widespread Service Outage

The Times reported that Amazon, Apple, Microsoft and Sony, cut data sharing deals with the world's dominant social media platform. "I'm trying to communicate with my team in NY". People used the tags to post memes about the outage, speculate about its cause and trade tips for how to survive without the company's apps. The outage began Wednesday afternoon and triggered a flood of gripes on downdetector .com, which tracks trouble accessing online pages, and on rival Twitter .

Markets Infiniti Exits Europe, Focus Is on North America and China
Author: 0 Infiniti Exits Europe, Focus Is on North America and China

Just 170 of the pair were sold in Australia a year ago, with the marque notching up just 649 sales in total. Focus will now shift from the European market to North America and China, while smaller operations will continue in Eastern Europe, the Middle East, and Asia, the company announced.

Markets Tesla changes plans and will keep more stores open
Author: 0 Tesla changes plans and will keep more stores open

Ten days after Tesla said that it would close nearly all of its stores, the carmaker has reversed its decision and will be raising the price of its electric vehicles instead. The move comes days after Tesla's announcement to sell cars on an online-only platform to help save costs. Although Tesla said it would concentrate on making up volume in Europe and China, neither of those markets appear able to take up the US' slack.

Markets Job growth in February slowed to just 20000 new hires
Author: 0 Job growth in February slowed to just 20000 new hires

The unemployment rate, meanwhile, decreased slightly from 3.9 percent to 3.8 percent. "I think the big news, really, was that wages went up". And it supports what Powell on Friday called the Federal Reserve's "patient, wait-and-see approach to considering any adjustment in the stance of policy".

Markets Tesla Says New Supercharger Cuts Charging Time By 50%
Author: 0 Tesla Says New Supercharger Cuts Charging Time By 50%

Only Tesla owners who are part of the Tesla Early Access program can use the charger for now. But times change, and companies like ElectrifyAmerica and ChargePoint are rolling out new DC Fast chargers for these standards that are capable of recharging a vehicle at much higher power-350kW in the case of ElectrifyAmerica and 500kW in the case of ChargePoint.

Markets China sets robust growth target to shore up cooling economy
Author: 0 China sets robust growth target to shore up cooling economy

The shift to a band from the previous practice of using a point figure gives policy makers room for maneuver and compares with last year's "about" 6.5 percent goal. China has lowered reserve requirements for commercial lenders five times in the past year to spur loans to small and private companies - vital for growth and jobs.

Markets Indian-origin dentist Preethi Reddy murdered in Australia, body found in suitcase
Author: 0 Indian-origin dentist Preethi Reddy murdered in Australia, body found in suitcase

She spent Sunday in a hotel on Market Street in the CBD with ex-boyfriend, Harshwardhan Narde, 34, of Tamworth , a dentist who is believed to have accompanied her to the conference. Preethi was last seen on a CCTV footage where she was spotted at a McDonald's joint waiting for her order. Before her body was found, a Facebook Group called "Help find Preethi Reddy " had been set up by the family to assist the investigation.

Markets Huawei is suing the United States government
Author: 0 Huawei is suing the United States government

The complaint, filed in Plano, Texas, the headquarters of Huawei's U.S. operations, cites the framers of the U.S. Constitution, including Alexander Hamilton and James Madison, in arguing that the law in question violates the constitutional separation of powers, denies due process and amounts to a "Bill of Attainder" that singles out a specific entity for adverse treatment.

Markets EU’s Barnier to meet UK Brexit negotiators on Tuesday
Author: 0 EU’s Barnier to meet UK Brexit negotiators on Tuesday

Theresa May announced that there is £1.6 billion in regional development funds. But the Daily Telegraph newspaper said Cox had abandoned attempts to secure a hard time-limit or unilateral exit mechanism. "These towns have a glorious heritage, huge potential and, with the right help, a bright future ahead of them", she added. Shadow chancellor John McDonnell branded the initiative a "desperate bribe".

Markets Donald Trump Plans to End India's Preferential Trade Treatment
Author: 0 Donald Trump Plans to End India's Preferential Trade Treatment

Trump, who is on a mission to expand marker access overseas and end trade deficits, made the announcement on Monday in a letter to House Speaker Nancy Pelosi and Vice President Mike Pence in his capacity as the Senate President. Countries not covered by the GSP face USA tariffs of 2 percent and upwards. "I will continue to assess whether the Government of India is providing equitable and reasonable access to its markets, in accordance with the Generalised System of Preferences (GSP) ...

Markets Can New York win another HQ2?
Author: 0 Can New York win another HQ2?

The New York Times has also reported Gov. Cuomo has been personally calling Amazon executives, including Bezos, to convince Amazon to reconsider. "They've said the treatment that Amazon received, and their decision that it wasn't worth it, was pretty shocking and caused other firms and entrepreneurs to question whether it was worth it to take on ny".

Markets Donald Trump delays tariff hike on Chinese goods after 'great' trade talks
Author: 0 Donald Trump delays tariff hike on Chinese goods after 'great' trade talks

In a tweet , Trump wrote that should progress continue, the USA would plan a summit with President Xi Jinping of China to "conclude an agreement". Pushing back the March 1 deadline to more than double US tariffs on more than $200 billion of Chinese goods will help soothe investor worries that a ratcheting-up of the trade war would derail a global economic expansion that's already showing signs of softening.

Markets Tesla Has Finally Announced a Model 3 That Actually Starts at $35,000
Author: 0 Tesla Has Finally Announced a Model 3 That Actually Starts at $35,000

As for Tesla's profitability, it's retreating from earlier predictions - with Musk acknowledging Thursday the company will remain in the red in the first quarter. The hardware to allow for self-driving has already been installed on every Tesla model since October of 2016, but activating it requires an extra US$4,000 "Autopilot" option, or for buyers to tick the box on a US$7,000 feature labeled "Full Self-Driving".

Markets Victoria's Secret will close 53 stores
Author: 0 Victoria's Secret will close 53 stores

The hard holiday period and planned store closures are the latest turmoil for the brand. Business cited the company's failure to produce more custom-fitted bras, as well as its celebrity model advertising strategy, as reasons for the brand's struggles.

Markets Absent US diplomacy, India and Pakistan stand at the precipice of war
Author: 0 Absent US diplomacy, India and Pakistan stand at the precipice of war

The Indian warplanes went down Wednesday morning in Kashmir, a mountainous region claimed by both India and Pakistan since nearly immediately after their creation in 1947. "One of the aircraft fell inside AJ&K [Pakistan-controlled Kashmir] while other fell inside IOK [Indian-controlled Kashmir]". India registered a strong-worded objection to Pakistan's unwarranted advances into Indian airspace before the latter's Acting High Commissioner, Syed Haider Shah.

Markets Trump delays tariff increase as talks progress
Author: 0 Trump delays tariff increase as talks progress

Chamber president Alan Beebe said 47 percent of members wanted the USA government to "advocate more strongly" for a level playing field for US businesses in the world's second-largest economy. Trump announced Sunday he would postpone the March 1 increase after weekend talks made "significant progress". Securing some rather minor concessions from China to purchase more soybeans from the US was the easy part, but forcing sweeping changes to its trade practices - the so-called "structural reforms ...

Markets Man in viral Girl Scout cookie photo indicted in DEA bust
Author: 0 Man in viral Girl Scout cookie photo indicted in DEA bust

We had no reason to believe that this man was anything other than one of our valuable customers that is helping Girl Scouts power awesome experiences through the Girl Scout Cookie Program. "This man purchased seven packs of cookies". Kayla Dillard , the "cookie manager" of Troop 1574, told CBS News they were shocked when McGowan told them pack up.

Markets Stranded Amtrak train with 183 passengers is finally moving again
Author: 0 Stranded Amtrak train with 183 passengers is finally moving again

Almost 200 people have been stuck on an Amtrak train in OR for more than 30 hours. The Coast Starlight train carrying 183 people was travelling from Seattle to Los Angeles when it was struck by a falling tree falling about 72 kilometres southeast of the town of Eugene, Ore.

Markets Youtube may be problematic with ads, but it’s almost indispensable to brands
Author: 0 Youtube may be problematic with ads, but it’s almost indispensable to brands

Earlier this afternoon, BuzzFeed News reported that the famous video sharing platform is removing ads from videos that promote anti-vaccination contents, citing a ban on "dangerous and harmful" material. Dr Free Hess, a paediatrician and mother, learnt about the chilling videos on YouTube Kids over the summer, when another mom spotted one on the video app for children.

Markets Australian producers are already offering cut-price coal to India
Author: 0 Australian producers are already offering cut-price coal to India

Some investors linked the restrictions to China's trade war with the US. In response to the news on China's Dalian port restricting coal imports, Wood Mackenzie's experts provide the following commentaries. CURRENCY: The Australian dollar has recovered after falling against the U. China is expected to agree to buy more United States goods as part of a deal being brokered by negotiators in Washington this week.

Markets Oil hovers near 2019 highs from Opec cuts and U.S. sanctions
Author: 0 Oil hovers near 2019 highs from Opec cuts and U.S. sanctions

Much of that growing output is coming from US shale fields, where drillers use advanced methods to squeeze crude oil and natural gas from rock formations. U.S. commercial crude oil inventories rose by 3.7 million barrels to 454.5 million barrels in the week ended Feb 15, the EIA said. The agency also said that USA crude stockpiles had built for a fifth straight week, climbing by 3.7 million barrels last week to 455 million barrels.

Markets Colombian leader orders humanitarian convoy to return
Author: 0 Colombian leader orders humanitarian convoy to return

Venezuela's opposition and activists prepared on Saturday to confront troops stationed along the country's borders to block their plan to bring in food and medicine that authorities are calling a veiled US -backed invasion. Two people were killed after Venezuelan security forces reportedly fire on persons who were trying to prevent them from blocking the border with Brazil where a convoy was waiting with relief supplies.

Markets Honda expected to announce Swindon plant closure
Author: 0 Honda expected to announce Swindon plant closure

However, in January 2019, Honda said it would pause production for six days in April to prepare for potential Brexit disruptions. The Swindon plant, home of Honda UK Manufacturing (HUM), has been operating at around half-capacity for several years.

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