Markets

by | February 20, 2019 | 05:08

On the broader picture, the ongoing OPEC + agreement to curb oil production, U.S. sanctions against Venezuelan and Iranian oil exports and the so-called "Saudi Put" should keep a firm floor under crude prices for the time being. Traders said financial markets, including crude futures, were also generally supported by hopes that the United States and China would soon resolve their trade disputes, which have dragged on global economic growth.

by | February 13, 2019 | 07:13

However, White House senior counselor Kellyanne Conway said on Monday a meeting was still possible soon, telling Fox News Channel that Trump wants a deal with China, but it must be "fair to Americans, and American workers and American interests".

by | February 13, 2019 | 02:42

Further, Ocasio-Cortez envisions upgrading all existing buildings, working with farmers to "eliminate pollution" and building charging stations for electric cars "everywhere", making high-speed rail so effective that "air travel" is unnecessary.

by | February 10, 2019 | 10:14

Thailand's cooperation with Huawei on the test bed does not mean it is not concerned about security issues, minister of digital economy Pichet Durongkaveroj told Reuters at the launch. Should the ban on Chinese networking hardware go into full effect, the statement indicates that there will be great pressure on Europe to follow suit in avoiding the use of Chinese cellular equipment.

by | February 08, 2019 | 11:11

The National Enquirer published a story last month that included lurid texts between Bezos and former TV anchor Lauren Sanchez . Mr De Becker mentioned in a recent Daily Beast interview that "strong leads point to political motives" and that he was interested in Lauren Sanchez's brother Michael, a vocal supporter of US President Donald Trump with links to his inner circle, as a possible perpetrator.

by | February 08, 2019 | 00:25

Stocks gained by 1.3 million barrels in the week ended February 1, compared with analysts' expectations for an increase of 2. 2 million barrels . The producers known as OPEC + began cutting production by 1.2 million barrels per day from last month to avert a new supply glut and OPEC has delivered nearly three-quarters of its pledged cutback already, according to a Reuters survey.

by | February 07, 2019 | 13:44

The online startup can't retrieve about US$145 million in Bitcoin , Litecoin, Ether and other digital tokens held for its customers. The court-issued order means QuadrigaCX will have 30 days of initial protection from its creditors to allow it to come up with a "Plan of Arrangement".

by | February 07, 2019 | 12:54

The company said fourth-quarter sales were $16.91 billion, ahead of the $16.4 billion analysts expected. Facebook shares jumped 7.7 per cent to US$161.99 following the release of the earnings. "There's a lot more that we need to figure out before we finalize the plans". But analysts say the trust issue is crucial for Facebook if it wants to move forward in its mission to connect the world.

by | February 04, 2019 | 17:13

Average hourly wages rose 3.2 percent in January from a year earlier. The numbers released Friday by the Department of Labor represent the largest monthly jobs increase in almost a year and continue a long running trend of 100 consecutive months of growth.

by | February 03, 2019 | 20:57

European Council President Donald Tusk said he spoke with May on the phone on Wednesday and directly told her that the withdrawal agreement was not open for renegotiation. Mrs May's trip to Liverpool saw her unable to answer an urgent question in the House of Commons from Mr Corbyn on what progress she had made in achieving legal changes to her Brexit deal.

by | February 02, 2019 | 08:11

Shares of the company fell 1.7 per cent to US$1,690 after the bell. For the fourth quarter, Amazon North America delivered more operating income than AWS-$2.25 billion to $2.18 billion. Shares fluctuated between gains and losses in extended trading after the report and were little changed at 5:19 p.m.in NY. The big picture: Amazon revealed that during the holiday season, tens of millions of customers started Prime free trials or started paid memberships.

by | February 02, 2019 | 07:55

A prominent Venezuelan lawmaker says that a group of European Union and Latin American countries aiming to solve the political crisis in Venezuela should support the ouster of President Nicolas Maduro without negotiations. The newspaper reported that "gold was removed from the plane, which was then loaded with containers filled with cash in US dollars". The military's top leadership is backing Maduro, though analysts warn that rank-and-file troops frustrated by their country's economic ...

by | February 02, 2019 | 06:10

Crude inventories rose by 6.6 million barrels in the week ended January 18 to 443.6 million, compared with analysts' expectations for a decrease of 42,000 barrels. "The stock market probably responds mildly", Fitzmartyn said. If there is regime change in Venezuela, oil production could ramp up to more traditional levels and that might come to weigh on oil prices, Johnston said.

by | February 01, 2019 | 00:44

Cabinet-level officials, led by Liu, who is Xi's top economic adviser, and US Trade Representative Robert Lighthizer, met in the Eisenhower Executive Office Building next to the White House on Wednesday with only a month left to reach a deal.

by | January 30, 2019 | 05:09

Revenue from the iPhone declined 15% from the year-ago quarter, but total revenue from all other products and services grew 19%. Typically, Apple's earnings report for the holiday quarter is a sight to behold. Apple shares rose nearly 4 percent in extended trading on Tuesday. "We wouldn't change our position with anyone's", Cook reassured analysts during a conference call reviewing the past quarter and the upcoming months.

by | January 29, 2019 | 06:42

A partial government shutdown is possible again next month when funding for many agencies runs out February 15 under the short-term spending deal reached Friday . While some said Trump caved by reopening the government with no border wall funding (conservative commentator Ann Coulter described Trump as a "wimp"), he insisted that the deal was "in no way a concession".

by | January 28, 2019 | 10:16

His was the third consecutive New Yorker to win a 2018 lottery drawing. Johnson has opted to take the cash lump sum payment of $180 million, which after taxes comes out to be about $114 million. "I start and can't finish my food ", Johnson told Fox 5 NY. Johnson, who has been playing the lottery for 40 years, said he was taking a sick day from work when he stopped at a nearby gas station after collecting his pay cheque.

by | January 27, 2019 | 22:08

With the shutdown ending, the question arises whether Trump will be re-invited to deliver his State of the Union address in Congress next Tuesday. In Congress, the poll shows House Democrats garner majority support from fellow partisans and independents for investigating possible collusion with Russian Federation in 2016, as well as suspected financial ties between Trump and foreign governments.

by | January 26, 2019 | 04:41

The firm has successfully rolled out over 30 5G field trials across 17 Chinese provinces, with speeds that are 97 times faster than current 4G signals, said Huawei's vice-president of wireless network Yang Chaobin. At the launch, the CEO of Huawei - Yu Chengdong has also announced that Huawei's 5G foldable mobile will also be released at the upcoming MWX 2019 scheduled in February this year.

by | January 26, 2019 | 03:40

China Unicom, one of China's major state-owned telecommunication companies, confirmed the government had ordered a block on Bing, the FT said citing a source. In 2018 alone, Beijing shuttered 26,000 "illegal" websites and deleted six million online posts containing vulgar content, the official Xinhua news agency said earlier this month.