Saudi Arabia works on convincing Russian Federation to join oil cuts

President Trump is pressuring OPEC to increase oil production as members of the organization are set to meet in Vienna on Thursday. Saudi Arabia sought to persuade Russian Federation on Wednesday to cut oil production substantially with OPEC next... More..

by | Published more than a month ago
RBI keeps repo rate unchanged at 6.5%
by | Thursday, December 06, 2018

RBI keeps repo rate unchanged at 6.5%

Mumbai: The Reserve Bank of India ( RBI ) on Wednesday left the key interest rates unchanged and also maintained "calibrated tightening" stance at its fifth bi-monthly monetary policy . At present, the Ca...More..

Huawei CFO arrested in Canada for reportedly violating USA sanctions against Iran
by | Thursday, December 06, 2018

Huawei CFO arrested in Canada for reportedly violating USA sanctions against Iran

The case has echoes of the much-publicised probe into ZTE, China's second-biggest telecoms manufacturer, which was subjected to its own sanctions after the US government determined that it had first attempted t...More..

Huawei CFO arrested, faces extradition to U.S.
by | Thursday, December 06, 2018

Huawei CFO arrested, faces extradition to U.S.

Ian McLeod, spokesperson for Canada's Justice Department, said on Wednesday the arrest took place in Vancouver on December 1. McLeod said a publication ban had been imposed in the case and he could not provid...More..

Canadian oil made a almost 50% move today
by | Wednesday, December 05, 2018

Canadian oil made a almost 50% move today

That's on top of mounting concern that the country's regulatory framework makes it very hard to get much-needed pipeline projects approved. "If we see that the differential shrinks significantly and that impo...More..

China agrees to 'reduce and remove' tariffs on U.S. cars
by | Wednesday, December 05, 2018

China agrees to 'reduce and remove' tariffs on U.S. cars

Trump agreed to delay the scheduled USA tariff increase for 90 days while the two sides negotiate over the administration's technology-related complaints. Ultimately, a meaningful, lasting deal is unlikely in...More..

Ted Baker Employees Petition Against
by | Wednesday, December 05, 2018

Ted Baker Employees Petition Against "Culture Of Forced Hugging"

The owner regularly makes sexual innuendos at staff, he stroke [sic] people's necks, he took off his shirt on one occasion and talked about his sex life. The petition also claims that Ted Baker's human resource...More..

5.1M pounds of beef added to recall due to salmonella
by | Wednesday, December 05, 2018

5.1M pounds of beef added to recall due to salmonella

An investigation conducted by FSIS, the Centers for Disease Control and state public health and agriculture partners identified 246 confirmed case-patients from 26 states with illness onset dates ranging from J...More..

Contrasting Chinese, US statements on trade war agreement
by | Tuesday, December 04, 2018

Contrasting Chinese, US statements on trade war agreement

Mnuchin cast the weekend dinner as a breakthrough in the trade standoff with China and said there were "very, very specific" items that the two leaders agreed to have incorporated into a broader agreement tha...More..

Kudlow: China openness on Qualcomm a sign of cooperation to come
by | Tuesday, December 04, 2018

Kudlow: China openness on Qualcomm a sign of cooperation to come

Xi Open to Approving Qualcomm-NXP Deal if Presented Again: U.S . Following the meeting of President Xi and President Trump, China issued an official statement claim that President Xi did not mention his w...More..

Quora breach leaks data on over 100 million users
by | Tuesday, December 04, 2018

Quora breach leaks data on over 100 million users

The breach, discovered on Friday, did not affect question and answers that are written anonymously, the company said, adding that it has also notified law enforcement officials. "We're still investigating the p...More..

Sherrod Brown rejects Trump's new trade deal with Mexico, Canada
by | Tuesday, December 04, 2018

Sherrod Brown rejects Trump's new trade deal with Mexico, Canada

Dziczek said she's anticipates a scenario where Trump signs a formal intent to withdraw, but ignores the fact that congressional approval would be required to repeal the underlying legislation that enforces the...More..

Amazon Wants to Bring its Cashierless Tech to Bigger Stores
by | Tuesday, December 04, 2018

Amazon Wants to Bring its Cashierless Tech to Bigger Stores

Amazon Go , Amazon's store where you can pick your items and automatically check out, is operating locations in Chicago, Seattle, and San Francisco. The technology uses a mix of computer vision, sensor fusion...More..

by | Tuesday, December 04, 2018

Days of Events Honoring Former President George HW Bush

After Bush's funeral ceremonies are over, Sully will join the facility dog program at the Walter Reed National Military Medical Center in Bethesda, Md., reported TV station KTRK in Houston . President Trump ...More..

by | Monday, December 03, 2018

Alberta Enforces 8.7% Oil Production Cut

However, he says we should turn our eyes to the world stage. The province estimates 25 producers will have to impose cuts. Notley says Alberta's resources are being sold for "pennies on the dollar" and she ha...More..

Trump, Xi agree to temporary truce on trade
by | Monday, December 03, 2018

Trump, Xi agree to temporary truce on trade

Trump and President Xi Jinping met in Buenos Aires , shortly after the annual summit of the world's leading economic powers concluded with a watered-down statement described by one G20 expert as the "lowest ...More..

Qatar pulls out of Opec oil producers' cartel
by | Monday, December 03, 2018

Qatar pulls out of Opec oil producers' cartel

Qatar is to leave the Organization of the Petroleum Exporting Countries (OPEC) next month, the Gulf emirate's new Energy Minister Saad al-Kaabi announced on Monday. The withdrawal comes as other non-Opec countr...More..

Former Autonomy boss Lynch to fight U.S. fraud charges
by | Monday, December 03, 2018

Former Autonomy boss Lynch to fight U.S. fraud charges

In short, Lynch and Chamberlain are accused of inflating Autonomy's sales numbers to hit quarterly targets so as to pocket fat performance-linked bonuses, and masquerading the business as a lucrative operatio...More..

U.S. Oil Production Surge Keeps Pressure on OPEC+ to Cut Supply
by | Sunday, December 02, 2018

U.S. Oil Production Surge Keeps Pressure on OPEC+ to Cut Supply

USA crude dropped 52 cents, or 1 percent, to $50.93 a barrel. That the Organization of the Petroleum Exporting Countries ( OPEC ) received an official advisory to cut production doesn't necessarily mean c...More..

Stock rally builds in Asia on Powell's dovish tilt
by | Sunday, December 02, 2018

Stock rally builds in Asia on Powell's dovish tilt

Chairman Powell & Co. may continue to project a neutral fed funds rate of 2.75% to 3.00% as 'contacts in many Districts indicated that input costs had risen and that increased tariffs were raising costs, ' and ...More..

Deutsche Bank searched for second day in money-laundering probe
by | Sunday, December 02, 2018

Deutsche Bank searched for second day in money-laundering probe

On Thursday, about 170 police officers, prosecutors and others searched through the bank's headquarters in Frankfurt and buildings in nearby areas, seizing electronic and paper records. Danske is under investig...More..

U.S., China agree to 90-day trade ceasefire at G20
by | Sunday, December 02, 2018

U.S., China agree to 90-day trade ceasefire at G20

Trump has imposed tariffs on US$250 billion in Chinese products. The leaders finished their talks after about 2-1/2 hours and Trump departed for his scheduled flight back to Washington. But it said the "Unite...More..

Powell: US economy and banks seem sturdy but face some risks
by | Sunday, December 02, 2018

Powell: US economy and banks seem sturdy but face some risks

Participants agreed that an additional rate increase was "likely to be warranted fairly soon". During the Fed's November meeting, participants discussed a number of risks that could sweep away their rosy econ...More..

United States will examine how to 'equalize' auto tariffs with China
by | Saturday, December 01, 2018

United States will examine how to 'equalize' auto tariffs with China

The US President tweeted that tariffs were "being studied" and that duties could have stopped the GM closures. On Monday, the company said it will shutter five North American plants, stop building six low-sel...More..

New NAFTA is now signed, but nobody knows what to call it
by | Saturday, December 01, 2018

New NAFTA is now signed, but nobody knows what to call it

Trump, Trudeau and Nieto failed to mention the LGBT provisions during the event in which they signed the agreement . PHOTO: President Donald Trump delivers a statement along with Mexican President Enrique...More..

Powell Comments Suggest Fewer Rate Hikes Next Year
by | Saturday, December 01, 2018

Powell Comments Suggest Fewer Rate Hikes Next Year

Minutes released yesterday from the Fed's November 7-8 policy meeting showed disagreements about the path of interest rates, with some policymakers worrying that tightening too fast could stem economic growth....More..

by | Friday, November 30, 2018

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

In an interview with the Washington Post earlier this week, Trump blamed the Fed for recent stock market declines and General Motors's announcement of plant closures and layoffs. "By contrast, interest rate...More..

by | Friday, November 30, 2018

Trump barrels into G-20 summit after nixing Putin meeting

But he insisted that the "incredible milestone" would aid United States workers, especially in the auto industry, while putting in place "intellectual property protection that will be the envy of nations all ar...More..

Easing off: New Westminster rental vacancy rate slackens to 1
by | Friday, November 30, 2018

Easing off: New Westminster rental vacancy rate slackens to 1

According to a " Rental Market Report " published Wednesday, vacancy rates in the region now sit at just one per cent-less than half the national average. The average cost to rent in Port Alberni has climbed 5....More..

Ex-employee: 'Facebook has a black people problem'
by | Friday, November 30, 2018

Ex-employee: 'Facebook has a black people problem'

The former Facebook staffer reflects on moments of prejudice and racism he experience in his time with the company. 'I had to write what all the black employees are saying and feeling and we don't feel empo...More..

Canada on track for Friday signing of USMCA once details finalized: Freeland
by | Friday, November 30, 2018

Canada on track for Friday signing of USMCA once details finalized: Freeland

The agreement sets rules governing dozens of industries. 'The Prime Minister and the President agreed that the new trade agreement between Canada , the United States and Mexico would enhance North American c...More..

Fed Chief's Remarks On Economy And Interest Rates Cheer Investors
by | Friday, November 30, 2018

Fed Chief's Remarks On Economy And Interest Rates Cheer Investors

Instead they will watch economic data, especially inflation. Federal Reserve Chairman Jerome Powell touched off a surge in stock prices Wednesday after saying the outlook for the US economy remains solid and ...More..

Trump raises prospect of import auto tariff after GM cutback plan
by | Friday, November 30, 2018

Trump raises prospect of import auto tariff after GM cutback plan

Trump is also expected to meet with the crown prince. Trump has imposed steep punitive tariffs on about half of the Chinese goods imported into the United States market each year, and has threatened to target...More..

Oil drops below $50 for first time in a year
by | Friday, November 30, 2018

Oil drops below $50 for first time in a year

For almost a month-since an OPEC /non-OPEC panel signaled that there might be a need to cut oil production by 1 million bpd to balance the market-Russia has warned against any hasty decisions on new production...More..

Pro-EU MPs table key Brexit amendment to May's deal
by | Friday, November 30, 2018

Pro-EU MPs table key Brexit amendment to May's deal

Theresa May has announced that her live debate against Jeremy Corbyn will be broadcast on BBC at 8pm on 9 Sunday, but the Labour leader believes that it should be shown earlier to avoid a clash with I'm a ...More..