Markets

Markets Venezuela opposition rally to keep up pressure on Maduro
Author: 0 Venezuela opposition rally to keep up pressure on Maduro

During the talks with Venezuelan diplomats on Tuesday, Pence said that Washington strongly supports the country's National Assembly and self-declared interim President Juan Guaido. "We're in a historic battle", Maduro told several hundred troops standing in formation around armoured vehicles. Opposition politician Gilbert Caro shouts "Free elections" in a walk out against President Nicolas Maduro, in Caracas, Venezuela.

Markets Oil market maintains strength amid Venezuela turmoil
Author: 0 Oil market maintains strength amid Venezuela turmoil

Traditionally, Canada and Venezuela produce heavy oil that compete for space in the USA market. Despite the increase in shale oil, most of it is domestically consumed and transported by trains and lorries which are much more fuel efficient than supertankers, thus depriving the Oil industry of an important demand driver: the number of vessels carrying Venezuelan crude oil has declined by 20% in the past two years.

Markets Trump says US-China trade talks 'going well'
Author: 0 Trump says US-China trade talks 'going well'

USA and Chinese negotiators start two days of high-level talks Wednesday aimed at settling a six-month trade war that has weakened both sides, shaken financial markets and clouded the outlook for the global economy. The Chinese delegation will be led by Vice Premier Liu He, a close economic adviser of Mr Xi, and central bank governor Yi Gang. Trump has threatened to extend the tariffs to an additional $267 billion in Chinese goods.

Markets Apple shares rise after results but iPhone worry remains
Author: 0 Apple shares rise after results but iPhone worry remains

Apple shares rose nearly 4 percent in extended trading on Tuesday. Cook, who is in regular contact with U.S. President Donald Trump, said trade tensions with China, which may have depressed sales of its phones, were easing. Local iPhone pricing in Canada usually is more expensive locally due to the fluctuations. "And so as we've gotten into January and assessed the macroeconomic condition in some of those markets we've chose to go back to more commensurate with what our local prices were ...

Markets Document: Indictment of Huawei, Huawei Subsidiaries and CFO Meng Wanzhou
Author: 0 Document: Indictment of Huawei, Huawei Subsidiaries and CFO Meng Wanzhou

A Huawei spokesman did not immediately return phone messages seeking comment. The charges follow the December 1 arrest of Huawei CFO Wanzhou Meng, who faces the possibility of decades in jail. They falsely claimed that Huawei had sold its interest in Skycom to an unrelated third party in 2007 and that Skycom was merely Huawei's local business partner in Iran.

Markets Partial US government shutdown cost economy $3 billion: budget office
Author: 0 Partial US government shutdown cost economy $3 billion: budget office

The Congressional Budget Office Report predicts a $118 billion increase over last year's $779 billion deficit. Hall spoke to reporters on Capitol Hill Monday about the CBO's Budget and Economic Outlook 2019 to 2029 report, but was asked to comment on the effects of the Trump shutdown , which the CBO estimated at $11 billion.

Markets Trump vows to build border wall: 'Negotiations with Democrats will start immediately'
Author: 0 Trump vows to build border wall: 'Negotiations with Democrats will start immediately'

The influential conservative news website Drudge Report in a banner headline made a point of saying the deal contained "No Wall Funds". Trump's retreat came in the 35th day of the partial shutdown as intensifying delays at the nation's airports and a missed payday for hundreds of thousands of federal workers brought new urgency to efforts to resolve the standoff.

Markets China records slowest growth rate since 1990
Author: 0 China records slowest growth rate since 1990

China officially allowed every couple to have two children three years ago, however the figure for 2018 undercuts the reading of 17.86 million in 2016 and 17.23 million in 2017, according to data from the National Bureau of Statistics (NBS).

Markets Netflix's Bird Box film contains footage of Lac-Megantic disaster
Author: 0 Netflix's Bird Box film contains footage of Lac-Megantic disaster

Canadian-American science-fiction drama " Travelers " also used stock footage from 2013, but producers Peacock Alley Entertainment have apologized and announced they would soon edit it out. The company's outlook for first-quarter earnings and revenue also came in weaker than analysts were anticipating. Still, most of Netflix's growth is coming from overseas.

Markets Ashton Whiteley - OPEC Cuts Support Oil Amid Global Economic Uncertainty
Author: 0 Ashton Whiteley - OPEC Cuts Support Oil Amid Global Economic Uncertainty

West Texas Intermediate crude for February delivery rose $1.73 to settle at $53.80 a barrel on the New York Mercantile Exchange . It is expected, that during the current period of the cuts, until June 2019, OPEC and allies will remove a total of 1.195 million bpd off the market and keep production at 43.874 million bpd.

Markets Nissan plans to file for damages against Ghosn
Author: 0 Nissan plans to file for damages against Ghosn

The probe did not find any other misconduct involving Ghosn at Mitsubishi Motors and its affiliate companies, it said. But Ghosn is also facing a wave of other allegations over suspect payments, including a claim by Nissan today that he received almost eight million euros in "improper payments" from a Netherlands-based joint venture.

Markets Brexit: Rule out no-deal, Jeremy Corbyn tells Theresa May
Author: 0 Brexit: Rule out no-deal, Jeremy Corbyn tells Theresa May

Nor would the British prime minister endorse permanently joining a European customs union, which is what those who want a softer Brexit seek, because, her spokesman said, it would then be hard or impossible to seek free trade deals with other countries, such as the United States.

Markets Cadillac Tapped Into The Club Of Electric Vehicle Manufacturers
Author: 0 Cadillac Tapped Into The Club Of Electric Vehicle Manufacturers

The launch of the EV is part of an aggressive product release movement by GM who plans to release a new model every 6 months between now and 2021. The new electric Caddy SUV will be GMs first electric auto to use GM's new third-generation electric-car architecture, with a versatile "skateboard" chassis and a battery-pack design that can accommodate different capacities in the same format.

Markets President Trump Signs Back Pay Bill
Author: 0 President Trump Signs Back Pay Bill

Homeland Security Secretary Kirstjen Nielsen said on Twitter her department and the Secret Service were prepared to handle a presidential speech at the Capitol. Talks between President Trump and Democratic congressional leaders broke down a week ago when Trump walked out of a meeting with top Democrats after Pelosi told the president she would not be willing to cede to the president's demand for wall funding if the government reopened.

Markets UK PM May seeks to end Brexit stalemate after winning confidence vote
Author: 0 UK PM May seeks to end Brexit stalemate after winning confidence vote

Britain is legally on track to leave the European Union with or without a deal on March 29, unless it delays or stops the process. In the case of support a vote of no confidence the Parliament has 2 weeks to form a new government or vote for the "restoration of confidence" in the team Mei; both options seem unlikely.

Markets Alexandria Ocasio-Cortez helps recruit a new wave of Democrats
Author: 0 Alexandria Ocasio-Cortez helps recruit a new wave of Democrats

The powerful committee also oversees the USA housing market, insurance and global finance sectors, among other areas. Ocasio-Cortez wants to raise taxes to pay for her " Green New Deal ", a fiscal juggernaut ostensibly aimed at fighting climate change that could dwarf Great Society expenditures.

Markets China’s death sentence for Canadian was ‘politically motivated,’ U.S. says
Author: 0 China’s death sentence for Canadian was ‘politically motivated,’ U.S. says

A statement released on Monday by the court in Liaoning province said that Schellenberg, along with others, took part in organized worldwide drug smuggling, which is a crime punishable by death in China . On Wednesday, Chinese foreign ministry spokeswoman Hua Chunying said Beijing "isn't anxious at all" about facing opposition from the global community, according to an English transcript of her remarks that was published on a Chinese government website.

Markets TSA staffing shortages hit nation's busiest airports amid government shutdown
Author: 0 TSA staffing shortages hit nation's busiest airports amid government shutdown

Some airport security lanes in Atlanta, Washington and Houston were closed as the Transportation Security Administration continued to grapple with more absenteeism during the partial government shutdown . Passengers are forced to go through a surrounding checkpoint and then walk or take the train to their gate in Terminal B on the secure side of the airport.

Markets Chinese E-Commerce Retailers Cut iPhone Prices
Author: 0 Chinese E-Commerce Retailers Cut iPhone Prices

The devices are expected to include new camera features, such as a triple rear camera for its new higher-end model and a double rear camera for the other two models, the report said. Today's report follows an earlier investor note by Ming-Chi Kuo , in which he cut down shipment estimates for the iPhone . And with iPhone sales declining, you can be sure there will be a bunch of ridiculous rumours to build up hype for the next iPhones.

Markets Jaguar Land Rover to cut thousands of United Kingdom jobs
Author: 0 Jaguar Land Rover to cut thousands of United Kingdom jobs

Most of the job cuts at Jaguar Land Rover will come from its United Kingdom workforce. There were reports a year ago that thousands of jobs could be axed as part of a £2.5 billion savings plan amid falling sales in China and a drop in demand for diesel cars, but the figure was not confirmed.

Markets North Korea Reportedly Committed to Second Summit With Trump
Author: 0 North Korea Reportedly Committed to Second Summit With Trump

Details of what Kim and Xi discussed have yet to be revealed, but their summit is seen as an opportunity to strategize ahead of a second North Korea-U.S. The motorcade of North Korean leader Kim Jong Un has headed out on the second full day of his visit to China. Seoul would cooperate with the United States and global community to seek to "resolve" the issue of sanctions "as soon as possible", Moon said.

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