RBNZ Sets Bullish Tone; Drops Chance of Rate Cut This Year

The two-year swap rate climbed to a bid price of 1.1600 per cent from 1.1550 yesterday while 10-year swaps rose to 1.5300 per cent from 1.5050. The RBNZ assumes the economy will grow faster than its potential growth rate from mid-2020 but doesn't p... More..

by | Published more than a month ago
Kenney says ongoing rail blockade risks becoming economic crisis
by | Saturday, February 15, 2020

Kenney says ongoing rail blockade risks becoming economic crisis

VIA Rail was reportedly issued a notice from the company's infrastructure owner, CN Rail, that says "that they are no longer in a position to fulfill their obligations under the Train Service Agreement". Many p...More..

Newspaper giant McClatchy, owner of Miami Herald, files for bankruptcy
by | Friday, February 14, 2020

Newspaper giant McClatchy, owner of Miami Herald, files for bankruptcy

It's also paid off about $153.5 million in debt in the same period. Last September, the New York Stock Exchange placed the company on notice that if it did not reverse its declining stock price, it would be d...More..

IBM Chooses Slack Over Microsoft Teams As Workplace Collaboration Competition Heats Up
by | Friday, February 14, 2020

IBM Chooses Slack Over Microsoft Teams As Workplace Collaboration Competition Heats Up

According to a Busines Insider report , IBM is going all-in with Slack to help support communications of its 350,000 employees in the near future. The rivalry between the two has been somewhat strained rec...More..

British finance minister Sajid Javid quits in Cabinet reshuffle
by | Friday, February 14, 2020

British finance minister Sajid Javid quits in Cabinet reshuffle

Harry Lambert, a special correspondent with the New Statesman wrote an extensive profile of the Prime Minister's closest adviser Dominic Cummings , has told James O'Brien the decision was underscored by effort...More..

India's retail inflation rises to 7.59 percent in January
by | Friday, February 14, 2020

India's retail inflation rises to 7.59 percent in January

According to Subramanian's assessment, core inflation (headline retail inflation minus food and fuel ) stood at 4.2 per cent. India's wholesale inflation accelerated to 3.1% in January, driven up by fuel...More..

China's coronavirus toll revised downward after deaths double-counted
by | Friday, February 14, 2020

China's coronavirus toll revised downward after deaths double-counted

Shanghai mayor to serve as top party official in hard-hit Hubei province as health official struggle to deal with cases of COVID-19, the illness caused by a novel coronavirus. Paul Hunter, a professor of health...More..

by | Friday, February 14, 2020

Amazon wins order suspending $10 bn Microsoft US military contract

Amazon lated alleged bias on the part of President Donald Trump against Amazon CEO Jeff Bezos resulted in an unfair process. The project, known as Joint Enterprise Defense Infrastructure, or JEDI , wil...More..

Evacuated From Singapore Office After Coronavirus Case Confirmed
by | Friday, February 14, 2020

Evacuated From Singapore Office After Coronavirus Case Confirmed

The government has been trying to calm nerves after it raised the virus alert level last week, sparking panic buying of essentials such as rice and toilet paper. Buildings in the area have stepped up preventive...More..

Tesla plans $2 billion offering amid stock boom
by | Friday, February 14, 2020

Tesla plans $2 billion offering amid stock boom

Tesla officials have maintained for some time that they have no plans to raise any new funds, including through a new stock sale. At Tuesday's closing price of $767.29 per share, the offering is valued at $2.0...More..

Why are indigenous groups protesting a Canada gas pipeline?
by | Friday, February 14, 2020

Why are indigenous groups protesting a Canada gas pipeline?

February 11 - CN stops transport between Prince George, B.C., and Prince Rupert, B.C., because of a blockade near Hazelton, B.C. The company says it has halted more than 150 freight trains since blockades start...More..

Hyundai will make cheap EVs based on Canoo's subscription pods
by | Friday, February 14, 2020

Hyundai will make cheap EVs based on Canoo's subscription pods

Canoo's skateboard design places not only the battery but also the motor and controller under the passenger area, giving more interior space and flexibility in designing a auto. Seeing great potential on the s...More..

Airbus posts net loss of 1.36 bln euros in 2019
by | Friday, February 14, 2020

Airbus posts net loss of 1.36 bln euros in 2019

A weaker sales outlook for the military transporter led to a 1.21 billion euro charge and will continue to weigh in coming years, Airbus said on Thursday. The long-delayed A400M programme a year ago delivered 1...More..

Jeff Bezos splurges, spending $255M on LA properties
by | Thursday, February 13, 2020

Jeff Bezos splurges, spending $255M on LA properties

Bezos purchased the property - designed for Warner Bros. president Jack Warner in the 1930s - from media mogul David Geffen, and the price tag eclipses a $150 million residential real estate purchase of a Bel-...More..

Powell says wait-and-see on coronavirus
by | Thursday, February 13, 2020

Powell says wait-and-see on coronavirus

On Monday, Philadelphia Federal Reserve Bank President Patrick Harker said that if the coronavirus-related economic malaise now hurting China spills over and deals the USA economy a material blow, the Fed m...More..

Oil edges down as traders assess China's oil demand
by | Thursday, February 13, 2020

Oil edges down as traders assess China's oil demand

Brent futures LCOc1 fell $1.20, or 2.2%, to settle at $53.27 a barrel, their lowest close since December 28, 2018, while U.S. West Texas Intermediate crude CLc1 fell 75 cents, or 1.5%, to settle at $49.57, th...More..

GDP growth stagnant in Q4: ONS
by | Thursday, February 13, 2020

GDP growth stagnant in Q4: ONS

The figures, published by the ONS on Tuesday, revealed that December alone accounted for national GDP growth of 0.3%, which might be linked to the results of the general election that preceded Britain's final...More..

The World Health Organization Named The New Coronavirus
by | Thursday, February 13, 2020

The World Health Organization Named The New Coronavirus "COVID-19"

In a positive development, the number of new cases has fallen in Hubei for two straight days with some 1,600 reported, according to figures from the National Health Commission. "We think that the issue at the...More..

Amid staff tensions, Google's HR chief steps down
by | Thursday, February 13, 2020

Amid staff tensions, Google's HR chief steps down

Google confirmed on February 10 that head of human resources Eileen Naughton was stepping down from her job as "vice president of people operations" at the internet company. Four of them raised considerations...More..

LPG cylinder prices hiked by over Rs 100 across metro cities
by | Wednesday, February 12, 2020

LPG cylinder prices hiked by over Rs 100 across metro cities

The steep price rise of non-subsidised cylinders, that will be effective from February 12, will make each unit dearer by up to Rs 149. This was the sixth straight hike in the prices of cooking gas. It is like...More..

Chinese GP to be called off due to coronavirus
by | Wednesday, February 12, 2020

Chinese GP to be called off due to coronavirus

More than 1,100 people have been killed in China by the virus, which has been named COVID-19 by the World Health Organization. Hosting fees also make up a significant portion of Formula One's revenues, with...More..

China's Q1 smartphone sales may halve due to coronavirus
by | Wednesday, February 12, 2020

China's Q1 smartphone sales may halve due to coronavirus

TrendForce , a world leading market intelligence provider, said it expects global smartphone production in the first quarter to decline 12 per cent year-on-year to 275 million units, following the coronavirus...More..

by | Wednesday, February 12, 2020

Federal judge approves T-Mobile and Sprint merger, dismisses antitrust lawsuit

As expected , USA federal judge Victor Marrero today approved T-Mobile's proposed $26 billion acquisition of Sprint, which would create a dominant third-largest carrier alongside AT&T and Verizon in the Un...More..

IPhone 9 production will likely be delayed by coronavirus
by | Tuesday, February 11, 2020

IPhone 9 production will likely be delayed by coronavirus

With many reports on the deadly coronavirus which first emerged in Wuhan, China , circulating globally the "Wuhan virus" as it is widely known has now been termed a severe epidemic. Another iPhone assembler,...More..

Hiring Picks Up As Employers Add 225000 Jobs In January
by | Tuesday, February 11, 2020

Hiring Picks Up As Employers Add 225000 Jobs In January

Translated into more understandable numbers, Stats Can's latest figures show approximately 15,000 unemployed people living in Windsor. Local numbers for January are not yet available. The pace of hiring easil...More..

Ryanair wants to order the 737 Max 10
by | Thursday, February 06, 2020

Ryanair wants to order the 737 Max 10

The airline now has 135 firm orders for the Boeing 737 MAX 200, of which it has so far received zero. According to Reuters , Ryanair's CEO Michael O'Leary said: "We are already in discussions with Boeing...More..

US trade deficit falls for 1st time in 6 years
by | Wednesday, February 05, 2020

US trade deficit falls for 1st time in 6 years

Clete Willems, a former White House trade adviser who took an active role in the US-China negotiations, said China's short-term focus should be on defeating the virus, and the United States would need to show s...More..

Macau to close casinos for two weeks over virus
by | Wednesday, February 05, 2020

Macau to close casinos for two weeks over virus

Ten cases of coronavirus have been confirmed in Macau to date. Today, the health authorities revealed two other cases of fresh infection, one of which is a woman working in the local gambling sector. The en...More..

Many dead after two avalanches strike in Turkey, killing rescuers
by | Wednesday, February 05, 2020

Many dead after two avalanches strike in Turkey, killing rescuers

Rescue teams were working to rescue people trapped under an earlier avalanche that struck on Tuesday, killing five people. At about noon Wednesday, a second avalanche trapped the rescue teams. Video from the sc...More..

Chinese Central Bank to Pump Billions Into Markets Amid Coronavirus Fears
by | Wednesday, February 05, 2020

Chinese Central Bank to Pump Billions Into Markets Amid Coronavirus Fears

According to Reuters calculations based on official central bank data, 1.05 trillion yuan worth of reverse repos are set to mature on the same day, meaning that 150 billion yuan in net cash will be injected o...More..

B-word not banned, insists Boris Johnson
by | Wednesday, February 05, 2020

B-word not banned, insists Boris Johnson

While the United Kingdom is ready to consider an agreement with Brussels on fisheries, "it must reflect the fact that the United Kingdom will be an independent coastal state from the end of this year, controlli...More..

Hong Kong records first virus death
by | Wednesday, February 05, 2020

Hong Kong records first virus death

Outside of China, Japan continues to have the most confirmed cases of coronavirus with 20, followed by Thailand with 19, Singapore 18, South Korea 16, and Germany and Australia 12 each. Hong Kong was hit ha...More..

Lauren Sanchez's brother sues Bezos for defamation over leaking claim
by | Tuesday, February 04, 2020

Lauren Sanchez's brother sues Bezos for defamation over leaking claim

Among its other claims, Sanchez's suit says Lauren Sanchez and Bezos, the founder of Amazon and the world's richest man, kept their affair secret on the advice of a psychic. Last month, a security report commis...More..

Futures point to rebound as China seeks to curb virus impact
by | Tuesday, February 04, 2020

Futures point to rebound as China seeks to curb virus impact

The Nasdaq Composite was up 126.00 points, or 1.38%, at 9,276.93. Futures up: Dow 0.34%, S&P 0.40%, Nasdaq 0.43%. US stocks are expected to start the week on a positive note, following Friday's heavy sell-o...More..

Saudis mull deep oil output cuts over coronavirus
by | Tuesday, February 04, 2020

Saudis mull deep oil output cuts over coronavirus

Both energy components were down more than 20 percent from their January 6 peaks and would need to close below $55.21 and $50.61 to remain in bear market territory. Wall Street analysts surveyed by Refinitiv we...More..