Business

Mike Lynch resigns from government advisory role following criminal charges

Mike Lynch resigns from government advisory role following criminal charges In 2011, the company was bought by HP for $11bn in a move meant to form the central part of the USA group's move into software. Stephen Chamberlain , vice president of finance at Autonomy from 2005-2011, has also been charged alongside Lynch, according to the court documents. [Full Article...]

Powell Comments Suggest Fewer Rate Hikes Next Year

Powell Comments Suggest Fewer Rate Hikes Next Year In a speech that comes in the wake of another volatile market selloff, Powell offered few clues on how much longer the US central bank would continue tightening policy but he did say the policy rate, at 2-2.25 percent, is now "just below" the broad range of estimates of neutral, which in September was 2.5-3.5 percent. [Full Article...]

Fears of escalating US-China trade war leaves some G20 leaders spooked

The group of 20 accounts for 85% of the world's GDP and two-thirds of its population. A total of 19 world leaders including U.S. President Donald Trump , Turkish President Recep Tayyip Erdogan, French President Emmanuel Macron and German Chancellor Angela Merkel are attending the gathering along with European Union representatives. [Full Article...]

Fed's Powell, in apparent dovish shift, says rates near neutral

Fed's Powell, in apparent dovish shift, says rates near neutral Trump has tended to lash out at the central bank whenever there is volatility in the stock market, a phenomenon that is sometimes but not always related to the Fed. "All he is doing is pointing out an obvious idea". But Powell's most recent words should be taken along with other recent remarks in which he showed concern for the global economic outlook. [Full Article...]

Fed officials express caution about pace of future hikes

Gold jumped on Wednesday after Powell said the central bank's policy rate is "just below" estimates of a level that neither brakes nor boosts a healthy USA economy. "This was again on display today", RBC Capital Markets chief USA economist Tom Porcelli wrote in a note. Salesforce.com surged 10.3 per cent. Just on Tuesday, Fed Vice Chair Richard Clarida, in a speech to numerous same economis... [Full Article...]

Russian Federation accepts need for oil cuts, bargains with Saudi on details

Russian Federation accepts need for oil cuts, bargains with Saudi on details Russia's energy ministry is discussing potential oil production cuts with local producers and will continue talks to come up with a position by the OPEC/non-OPEC meeting in early December, Energy Minister Alexander Novak said last week. Total volume traded was 18 per cent above the 100-day average. Oil-market news WTI's 14-day Relative Strength Index indicates the United States marker's remai... [Full Article...]

Trump signs new trade deal with Canada and Mexico

Since then, the three sides have bickered over the wording and the finer points of the deal and still had not agreed just hours before officials were due to sit down and sign it as the Group of 20 summit kicks off in Buenos Aires. "I don't expect to have much of a problem", Trump said during the ceremony. The deal 'changes the trade landscape forever, ' Trump said. Despite the symbolism of F... [Full Article...]

US, Mexico and Canada sign new USMCA trade deal

US, Mexico and Canada sign new USMCA trade deal The agreement includes a new rule, for example, that a auto will only be freed from tariffs if 40 per cent or more of its contents are produced by workers earning $16 (U.S.) per hour or more. Mr Trudeau added: "Free and fair trade leads to better jobs for middle-class people". He struck a more optimistic note on Friday, saying, "It's been so well-reviewed, I don't expect to have very much of a pro... [Full Article...]

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

Powell's 'just below' comment seen as suggesting fewer rate hikes The minutes show support for a fourth rate hike this year when the committee meets again, December 18-19, if the labor market and inflation continue as expected. Powell has been gradually raising rates since he was confirmed to his position by Trump in January. The steepening move on Wednesday immediately following Powell's remarks surprised some market participants. [Full Article...]

Trump suggests he's looking into tariffs on car imports

Trump suggests he's looking into tariffs on car imports But the president seemingly hasn't done the math on how cutting subsidies would actually affect GM. Kudlow, who met with Barra on Monday, said Trump felt betrayed by GM. GM is expected to hit that 200,000-unit limit at near the end of this year , which triggers the process of diminishing the credit until it's phased out completely. [Full Article...]

G20 summit 2018: All you need to know

G20 summit 2018: All you need to know He's put tariffs on $250 billion of Chinese-made goods this year in an effort to make US-made products more attractive to consumers. Who may have a "couple of extra hours" free at the summit? Earlier this week, Canada and its allies condemned the seizure of three Ukrainian naval vessels near Crimea. [Full Article...]

Halifax postal workers strike as Senate debates bill to end rotating walkouts

Halifax postal workers strike as Senate debates bill to end rotating walkouts When taking into account its other operations like Purolator, Canada Post says it had a net loss of $36 million in the 13-week period ended September 29, compared with a loss of $13 million for the same period a year earlier. They were at a complete impasse". Senators voted 53-25 in favor of the bill, with four abstentions, after two days of special sittings to debate the matter. [Full Article...]

German police raid Deutsche Bank in money laundering probe

German police raid Deutsche Bank in money laundering probe Around 170 police officers, prosecutors and tax inspectors took part in the searches which saw written and electronic documents seized, the Frankfurt prosecutor's office said . The investigation was triggered after investigators reviewed so-called "Offshore-Leaks" and " Panama Papers ", the prosecutor said. Deutsche Bank has been sanctioned in the past for failing to tackle money laundering... [Full Article...]

Nasdaq’s Bitcoin Futures Contracts Arriving by Q1 2019

Nasdaq’s Bitcoin Futures Contracts Arriving by Q1 2019 Rumours have been floating around that Nasdaq Inc is making progress with the United States futures regulator - Commodity Futures Trading Commission in order to gain an approval to offer its crypto-based futures product. These are cash-settled futures contracts which means that there is no need to move physical Bitcoins for settling these accounts on their expiration. [Full Article...]

Oil falls on record Saudi output; eyes G20 and OPEC

Oil falls on record Saudi output; eyes G20 and OPEC WTI fell to $50.42 per barrel on Friday, down 7.7 percent from $54.63 per barrel in the previous session. Crude oil prices saw gains Monday morning as they recovered following a plunge on Friday, buoyed by speculation of cuts and geopolitical tension. [Full Article...]

General Motors to close Oshawa plant along with 4 others in US

General Motors to close Oshawa plant along with 4 others in US The company said its moves will save $6 billion by 2020. Production at the plant in Oshawa, Ontario fell to about 148,000 vehicles previous year from a peak of 940,000 in 2003, a drop of about 85 per cent, according to Dennis DesRosiers of DesRosiers Automotive Consultants Inc. [Full Article...]

Trump Says 'Not Even a Little Bit Happy' with Fed's Powell

Trump Says 'Not Even a Little Bit Happy' with Fed's Powell That sparked fears that rates could go higher than expected and many investors cite those remarks as the reason for the stock market sell-off in October and November. "So far, I'm not even a little bit happy with my selection of [Jerome Powell]". In an interview with The Washington Post , Trump said the Fed was "way off base". [Full Article...]

United States to Explore Imposing Higher Tariffs on Chinese-Produced Cars

United States to Explore Imposing Higher Tariffs on Chinese-Produced Cars The head of the U.S. National Economic Council says there's a good possibility a deal can be achieved to cool down the ongoing U.S. - Sino trade war, but warns the Trump administration will consider additional tariffs if no deal is struck. [Full Article...]

Microsoft briefly ousts Apple as the most valuable company

Microsoft briefly ousts Apple as the most valuable company And instead of trying to tie Office work productivity software to its Windows operating system, Microsoft offered it as a subscription service over the internet and on other companies' devices - including Apple's. For proof, just take a look at the changing fortunes of Apple and Microsoft in relation to their valuations. Microsoft posted a revenue of 29.1 billion dollars generated from their s... [Full Article...]

Trump talks tough to China before G20 meeting

Trump talks tough to China before G20 meeting Apple Inc.continued its downward slide Tuesday after U.S. President Donald Trump suggested that 10 percent tariffs could be placed on mobile phones, like the iPhone, and laptops made in China . Apple shares fell slightly in trading Tuesday after President Trump warned that his administration could slap a 10 percent tariff on the company's smartphones and computers amid an escalating trade conf... [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  Next »