Markets

Markets U.S. energy secretary meets Saudi counterpart after OPEC cuts
Author: 0 U.S. energy secretary meets Saudi counterpart after OPEC cuts

Saudi Arabia , the de facto leader of OPEC, had been facing demands from USA president Donald Trump not to go for the output cut, as it would increase the oil price. Meanwhile, China's vice premier discussed a timetable and road map on trade talks with his US counterpart. WTI and Brent settled at 50.93U.S. dollars and 58.71 dollars per barrel, respectively, at the end of the week.

Markets Iranian Envoy Hails OPEC Meeting Outcome
Author: 0 Iranian Envoy Hails OPEC Meeting Outcome

After two days of talks at the OPEC headquarters in Vienna, OPEC and non-OPEC countries, including Russian Federation, reached the deal on Friday to slash their output from January 1, 2019 in a bid to raise crude prices. "Low prices are actually not good for the USA economy, " Al-Falih said, a riposte to Trump's repeated calls for OPEC to open the taps. The US announced exemptions for countries such as India, China etc., allowing them to import crude oil from Iran.

Markets GIFs Of Elon Musk Having A Normal One On 60 Minutes
Author: 0 GIFs Of Elon Musk Having A Normal One On 60 Minutes

Musk on nearly bankrupting Tesla to meet Model 3 production goals:There's been relentless criticism-relentless and outrageous and unfair. "The only tweets that would have to be reviewed would be if a tweet had a probability of causing a movement in the stock ", he said.

Markets Uber, Lyft reportedly filed for IPOs, expect to go public in 2019
Author: 0 Uber, Lyft reportedly filed for IPOs, expect to go public in 2019

The Wall Street Journal was the first to report the news that officially begins the countdown for one of the most hotly anticipated and biggest stock market debuts in history. It's growth also slowed to 38% amid rising competition globally as well as that from Lyft in its traditionally strong USA market. Uber's food delivery service UberEats has also grown seven times over the past four months.

Markets Altria investing $2.4B in Canadian cannabis producer Cronos
Author: 0 Altria investing $2.4B in Canadian cannabis producer Cronos

Cronos said Friday that the Richmond, Virginia, tobacco company will pay another $1.4 billion for warrants that if exercised, would give Altria a 55 percent majority ownership stake. Cannabis investors can't miss the Benzinga Cannabis Capital Conference, the No. 1 networking event for institutional capital and the leading cannabis companies.

Markets May says it's my deal, no deal or no Brexit at all
Author: 0 May says it's my deal, no deal or no Brexit at all

Some lawmakers have called on May to change the deal, and have suggested she could use an European Union summit next week to try to win some concessions from officials to try to ease some of their concerns. It is a key condition of the continued support of the Northern Irish Democratic Unionist Party , which is propping up May's minority government. "This was not about doing deals, it was about listening", said one leading pro-Brexit lawmaker.

Markets China's Huawei Technologies CFO arrested in Canada, faces extradition to US
Author: 0 China's Huawei Technologies CFO arrested in Canada, faces extradition to US

The country has already been warned by U.S. senators against the use of Huawei in its telecommunications networks. Skycom at the time was a major partner of Huawei. Government Communications Security Bureau director-general Andrew Hampton said he considered Spark's proposal to use Huawei in its planned 5G RAN would, if implemented, raise significant national security risks.

Markets Qatar quits Opec ahead of oil cartel crunch talks
Author: 0 Qatar quits Opec ahead of oil cartel crunch talks

Qatar is the 11th-biggest oil producer in OPEC, pumping 610,000 barrels a day in October, less than 2 per cent of the group total 33.3 million. Oil prices soared around 5 per cent on Monday after the United States and China agreed to a 90-day truce in their trade war, and ahead of a meeting this week by producer club OPEC that is expected to result in a supply cut.

Markets US, China agree not to raise tariffs on Chinese goods
Author: 0 US, China agree not to raise tariffs on Chinese goods

Given the seeming gap in the expectations of Washington and Beijing, the track record of Trump in flip-flopping his positions and the Chinese need to preserve "face" in any eventual deal, the safest option is probably to be skeptical about the real-world implications of the G20 meeting .

Markets Bush's service dog will go on to help other soldiers
Author: 0 Bush's service dog will go on to help other soldiers

The socks feature a formation of jets, which are meant to honor his lifetime of service that started when he became a naval aviator at 18 years old. Even after Bush died, though, Sully still looked out for his appointee, whom he began to serve in June, just months after Bush's wife, Barbara Bush, died in April .

Markets Trump, Xi agree to temporary truce on trade
Author: 0 Trump, Xi agree to temporary truce on trade

According to Wang, the two presidents reached important common understanding and the meeting certainly has "charted the course for China-US relations in some time to come". President Trump stated: "This was an wonderful and productive meeting with unlimited possibilities for both the United States and China". But after a congenial dinner between Trump and Chinese President Xi Jinping Saturday night, both sides agreed to park further hostilities while they continue trying to sort out broader ...

Markets Trump eyes more China tariffs, pushing total upwards of $500bn
Author: 0 Trump eyes more China tariffs, pushing total upwards of $500bn

Russia's Deputy Foreign Minister Sergey Ryabkov said on Monday that Moscow hopes the meeting will provide clarification about the United States stance on the Intermediate-Range Nuclear Forces (INF) Treaty. "Although the current economic situation in the U.S.is good, people can not rule out the possibility of another-I don't want to use the word "crisis"-a similar situation as what happened 10 years ago", he warned".

Markets EU leaders approve 'tragic' Brexit deal
Author: 0 EU leaders approve 'tragic' Brexit deal

May is struggling even to unite her ruling Conservatives, and Northern Irish parliamentary allies the Democratic Unionist Party, behind the plan. "It will protect the integrity of our United Kingdom and ensure that there will be no hard border between Northern Ireland and Ireland - so people can live their lives as they do now".

Markets Black Friday 2018: List of store hours
Author: 0 Black Friday 2018: List of store hours

The busiest and most important day of the year for many retailers, Black Friday originated in the United States where the event, which falls directly after the Thanksgiving holiday, traditionally signals the start of the Christmas shopping period .

Markets Nissan chairman Carlos Ghosn arrested for allegedly violating financial law
Author: 0 Nissan chairman Carlos Ghosn arrested for allegedly violating financial law

Nissan said on Monday it would fire Ghosn this week, while the Mitsubishi board will meet next week. "From a governance perspective, it was a problem to have so much power concentrated in one person", Mr. France owns a 15 percent stake in Renault. French Economy Minister Bruno Le Maire said he had ordered an inquiry into Ghosn's tax affairs immediately after learning of his arrest in Japan but that it showed up "nothing in particular about his tax situation".

Markets Jennie-O ground turkey products recalled for salmonella concern
Author: 0 Jennie-O ground turkey products recalled for salmonella concern

Department of Agriculture's Food Safety and Inspection Service. At least 74 cases of salmonella , including one death , have been linked to raw turkey products, the Centers for Disease Control and Prevention said last week. The most common symptoms of salmonellosis are diarrhea, abdominal cramps, and fever within 12 to 72 hours after eating the contaminated product. Raw meat, poultry, seafood, and eggs can spread germs to ready-to-eat foods-unless you keep them separate .

Markets One killed and 47 injured in France fuel tax protests
Author: 0 One killed and 47 injured in France fuel tax protests

The yellow jacket protests drew supporters angry about other issues, too, including diminishing buying power. The protester was killed when a driver caught in traffic accelerated in a panic at Pont-de-Beauvoisin, near Chambery, said Louis Laugier, the top state official in the eastern Savoie region.

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.

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