Money

Author: 0 Alberta oil cuts will slow Canadian economy next year, banks predict

Ms. Noltey said the price gap was costs the national economy about $80-million daily, has been blamed on the many roadblocks to building new pipelines in Canada . I can't promise the coming weeks and months will be easy, but I can promise we will never back down in our fight to protect jobs and the resources owned by all Albertans.

Money Kremlin says it expects Putin-Trump meeting to go ahead
Author: 0 Kremlin says it expects Putin-Trump meeting to go ahead

Trump will also have a working dinner with Chinese President Xi Jinping, press secretary Sarah Huckabee Sanders said at a press briefing, in reference to what will be the first meeting between the two leaders since Washington and Beijing slapped tit-for-tat tariffs on each other's imports.

Money Oil prices increase amid concerns about potential supply cuts
Author: 0 Oil prices increase amid concerns about potential supply cuts

Speaking to Bloomberg, Derek Brower, a director at consultant RS Energy Group said "This might be the critical breakthrough for OPEC and non-OPEC to cut". Technical teams are working on the level of the cuts necessary and the reference baseline for the reduction, he said. US crude oil imports averaged 8.2 million barrels per day, up by 608,000 barrels per day from the previous week.

Money Qatar to quit OPEC in 2019: energy minister
Author: 0 Qatar to quit OPEC in 2019: energy minister

Doha, one of OPEC's smallest oil producers but the world's biggest liquefied natural gas (LNG) exporter, is embroiled in a protracted diplomatic row with Saudi Arabia and some other Arab states. Stocks in the oil and gas sector advanced Monday as crude oil prices rose. The Opec is a 15-nation strong organisation of countries that have rich oil reserves.

Money British tech billionaire Mike Lynch faces fraud charges in US
Author: 0 British tech billionaire Mike Lynch faces fraud charges in US

Mike Lynch will fight the charges. "It has no place in a United States court". His lawyers added that HP had sought to "blame Autonomy for its own crippling errors" as well as "falsely accused Mike Lynch to cover its own tracks". Earlier this year, the Financial Reporting Council began disciplinary proceedings against former bosses at Autonomy and auditors at Deloitte linked to the alleged fraud at the software firm.

Money US, China reach 90-day ceasefire in trade dispute
Author: 0 US, China reach 90-day ceasefire in trade dispute

At the table, Trump announced his plane would fly to Houston, in the state of Texas, after the return of Air Force One from Argentina, to transport Bush's casket to Washington. The state-run China Daily said that the Pacific powers could strike a deal in Buenos Aires but warned the United States against pushing too hard on technology.

Money The market now loves Jay Powell
Author: 0 The market now loves Jay Powell

Analysts think a rate hike next month is likely, but economists admit three rate increases for next year are beginning to look less certain, especially if stock market volatility increases, and consumer and business sentiment worsens in early 2019.

Money Microsoft Has Beat Apple To Become The Most Valuable US Company
Author: 0 Microsoft Has Beat Apple To Become The Most Valuable US Company

Microsoft shares rose more than 3 percent as USA markets and large cap tech stocks shook off recent losses. In August, Apple became the first U.S. company with a $1 trillion valuation. When he took over in 2014 , Nadella said he wanted to focus on its subscription-based businesses and the cloud. According to Rich Ross, a technical analyst at Evercore ISI, Apple's stock "has another 18 per cent downside", which could take the stock to $140, its 200-week moving average.

Author: 0 Side issues loom over G-20 summit as world leaders arrive

Chinese President Xi Jinping rallied developing nation leaders in attendance on Friday to condemn protectionism and laud the global rules-based order ahead of his highly anticipated dinner with US President Donald Trump on Saturday night.

Money Trump raises prospect of import car tariff after GM cutback plan
Author: 0 Trump raises prospect of import car tariff after GM cutback plan

Mr Trump said on Twitter that the 25 per cent tariff placed on imported pickup trucks and commercial vans from markets outside North America in the 1960s has long boosted United States vehicle production. Steel tariffs led to increased prices on imports of the metal, and in turn inflated domestic steel prices, according to auto suppliers and executives who testified on Capitol Hill in September.

Money NAFTA 2.0 Signed: A Deal for 'The Corporate One Percent'
Author: 0 NAFTA 2.0 Signed: A Deal for 'The Corporate One Percent'

Trump, Prime Minister Justin Trudeau and outgoing Mexican President Enrique Pena Nieto signed an authorization for the deal on Friday morning in Buenos Aires on the sidelines of the Group of 20 summit , with their ministers signing it shortly after.

Money Fed Chairman Says Interest Rates Are Just Below Estimates of Neutral
Author: 0 Fed Chairman Says Interest Rates Are Just Below Estimates of Neutral

Stocks and interest-rate futures jumped, even while economists wrestled to interpret whether Powell meant to send a message or was simply misunderstood. It promises to confirm investor expectations that the Fed will raise its interest rate when it meets later this month. Trump has repeatedly attacked Powell over rate increases, calling the investment banker he selected a year ago to oversee the world's most powerful central bank a "threat".

Money Oil prices drop amid rising USA stocks, OPEC uncertainty
Author: 0 Oil prices drop amid rising USA stocks, OPEC uncertainty

While oversupply concerns were fueled by American exemptions on sanctioned Iranian oil, a trade dispute between the USA and China has threatened to hurt demand. Expectations that USA sanctions would take a substantial portion of Iran oil supply off the market have not materialized. Crude oil prices hit the lowest in a year on Wednesday, pushed down by huge increases in supply globally.

Money Trudeau urges 'Donald' to scrap metals tariffs amid USMCA signing
Author: 0 Trudeau urges 'Donald' to scrap metals tariffs amid USMCA signing

Even after the agreement is signed, however, it will face another series of hurdles before taking effect. The USMCA will also need to be ratified by the legislatures of Canada and Mexico. The Friday deadline is important as new Mexican President Andres Manuel Lopez Obrado is being swore into office on Saturday and he could scramble the hard-fought agreement between the three nations.

Money Trump can rail against Powell, but he can't fire him
Author: 0 Trump can rail against Powell, but he can't fire him

Earlier this week the Bank of Israel Monetary Committee raised Israel's key rate from its historic low of 0.1%, where it has been anchored since March 2015, to 0.25%, its first rate hike since June 2011. "I'm doing deals, and I'm not being accommodated by the Fed", he said in an interview with the Washington Post . "As always, our decisions on monetary policy will be created to keep the economy on track in light of the changing outlook for jobs and inflation", Powell said.

Money Trump pushes for more auto tariffs
Author: 0 Trump pushes for more auto tariffs

Trump's policy goals may have helped contribute to GM's decision. GM did not directly comment on Trump's tweets , but reiterated that it was committed to investing in the United States . In a statement Tuesday afternoon, GM tried to appease the Trump administration while at the same time justifying the decisions it announced Monday.

Money World eyes trade tension as Trudeau arrives at high-drama G20 summit
Author: 0 World eyes trade tension as Trudeau arrives at high-drama G20 summit

But many economists and investors disagree with Trump's approach to trade and believe imposing tariffs on imports will directly result in what are effectively taxes on US consumers as a result of higher prices. Farmers in some USA states are being forced into plowing their crops under - effectively burying them under soil in fields - as there is not enough room to store them in storage facilities, and they are unable to sell their products thanks to Chinese tariffs, Reuters reported last ...

Money Canada passes back-to-work legislation to end post workers’ strikes
Author: 0 Canada passes back-to-work legislation to end post workers’ strikes

The bill was then fast-tracked through the House of Commons and could be enacted as early as today. Workers are asking for better pay for rural and suburban carriers, as well as greater job security and minimum guaranteed hours. Postal workers in London have on Monday taken over a distribution facility on Waterman Avenue, west of Wellington Road, to protest against proposed back-to-work legislation.

Money Deutsche Bank CRISIS: Why are police raiding Deutsche Bank in Germany?
Author: 0 Deutsche Bank CRISIS: Why are police raiding Deutsche Bank in Germany?

More than six police vehicles, their blue lights flashing, pulled up to Deutsche Bank's main offices shortly before 9 a.m., in an operation involving about 170 officers. The officials said the raid wasn't related to its role as a correspondent bank for money laundering at Denmark's Danske Bank . FWIW: Deutsche has been rocked by problems and was the only major global bank to do business with Trump in recent years.

Money VanEck Partners With Nasdaq For Bitcoin Crypto 2.0 Futures
Author: 0 VanEck Partners With Nasdaq For Bitcoin Crypto 2.0 Futures

NASDAQ CEO Adena Friedman said in January 2018 the exchange was trying to distinguish its plans for futures contracts from what was already in the market. Depending on when Nasdaq's plans are delivered, by Q2 of 2019, the virtual currency market could have NYSE and Nasdaq, both of which are two of the largest exchanges, in the market facilitating Bitcoin futures .

Money A production cut at OPEC’s December meeting isn’t guaranteed
Author: 0 A production cut at OPEC’s December meeting isn’t guaranteed

USA light crude CLc1 was 75 cents lower at $50.88. Crude oil futures were almost flat Tuesday morning, amid divided opinions as some analysts point to the likelihood of increased inventories adding to bearishness, while others see the bigger selloff as mostly done.

Money Workers return to GM's Canada plant; union to meet Trudeau
Author: 0 Workers return to GM's Canada plant; union to meet Trudeau

He said the move was part of a wider need to stay nimble and adapt, especially after the 2008 recession. "I have seen the same reports as many in my riding, which claim GM may be closing their operations in Oshawa, and I find these reports gravely concerning", Oshawa NDP MPP Jennifer French told Global News, which said it could confirm the CTV report.

Money Why Did Fed Chairman Jerome Powell Back Off on Rate Hikes?
Author: 0 Why Did Fed Chairman Jerome Powell Back Off on Rate Hikes?

USA crude oil futures settled down Dollars 1.27, or 2.5 percent, at USD 50.29 a barrel, the lowest since October 9, 2017 after U.S. crude inventories rose for a 10th straight week to the highest in a year. "As always, our decisions on monetary policy will be created to keep the economy on track", he said. In his latest comments Tuesday, Trump blamed the Fed not only for the stock market's declines but also for General Motors' announcement this week of jobs cuts and plant closings.

Money Microsoft briefly tops Apple as most valuable company
Author: 0 Microsoft briefly tops Apple as most valuable company

While Microsoft dominated Apple during the 80s and 90s, Steve Jobs finally one-upped Bill Gates with the release of the iPod and then the iPhone in the mid-2000s. Apple and Microsoft have one of the most storied rivalries in Silicon Valley, one that goes back to the mid-1970s, when both were founded within a year of each other and focused on making breakthroughs in developing personal computers.

Money Trump says GM 'better' add new facility in OH after cuts
Author: 0 Trump says GM 'better' add new facility in OH after cuts

The announcement anxious GM workers who could lose their jobs. They could close or they could get different vehicles to build. OH will be a key state in the 2020 presidential campaign. -Canada border, and from its main North American unions. They will be part of contract talks with the United Auto Workers union next year. Some UAW workers could land jobs at other GM factories, but many will face uncertain futures unless GM reverses course.

Money New Tariffs Could Hit Laptops, iPhones, Trump Says
Author: 0 New Tariffs Could Hit Laptops, iPhones, Trump Says

The US president also said that it is " highly unlikely " that Washington would delay a scheduled January tariff increase unless another trade deal is agreed upon. Trump plans to sit down with Xi over dinner at the Group of 20 (G-20) meeting in Buenos Aires, Argentina, where world leaders will convene for a two-day meeting this weekend .

Money 11000 pubs in Britain have disappeared in a decade
Author: 0 11000 pubs in Britain have disappeared in a decade

The ONS data shows that it is big pub chains that are largely to blame. According to research by the Office for National Statistics (ONS) this could be because an increasing number now serve food, which is more labour intensive. This increase is even more significant in rural pubs, which have seen a 17% improvement in employment rates. That said, the vast majority are failing to pay their staff the Living Wage, which now stands at £10.55 per hour in London and £9 per hour elsewhere.

Money Saudi crown prince arrives in Egypt
Author: 0 Saudi crown prince arrives in Egypt

During a presidential election campaign rally in 2015, Trump said : "Saudi Arabia, I get along with all of them". "The intelligence I've seen suggests that this was ordered by the crown prince". The killing of Khashoggi, a Washington Post columnist and a critic of Prince Mohammed , has strained Saudi Arabia's ties with the West and battered the crown prince's image overseas.

Money European Union court dismisses expats' action against Brexit talks
Author: 0 European Union court dismisses expats' action against Brexit talks

She will say that "the national interest is clear" and "the British people want us to get on with a deal that honours the referendum". Her aides say she is banking on the "fear factor", daring the House of Commons to vote down a deal which if rejected would leave Britain most likely crashing out of the bloc, its largest trading partner, without any agreements, which would be costly economically and would nearly certainly push the country into recession.

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