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Markets

With the Fed under pressure to ease its tightening trajectory, gold could benefit in 2019 if the US central bank obliges. Wall Street dipped sharply on Wednesday following the Fed's statement. By looking at the meeting, Committee has been looking for three different moves in the year 2019 while another one by the year 2020. The Fed has increased the key lending rate eight times since December 2015, bringing it up to 2.25 percent after a long stretch at zero in the wake of the global ...
  • House, Senate Have Reached Agreement On Anti-Sexual Harassment Legislation

    House, Senate Have Reached Agreement On Anti-Sexual Harassment Legislation

    Markets

    It was narrowly passed after some backlash, 206-203. The compromise also increases acreage in the Conservation Reserve Program and includes an act sponsored by Sen. Thune said the bill heavily emphasizes crop insurance. "What Kansans tell me over and over is the importance of crop insurance and we've seen farm bills that have been pretty damaging to crop insurance", Kansas Senator Jerry Moran says.
  • Forgotten human heart prompts Southwest flight to return to Seattle

    Forgotten human heart prompts Southwest flight to return to Seattle

    Markets

    In a statement to USA Today , Southwest referred to the organ on flight 3606 as "a life-critical cargo shipment" that was "intended to stay in Seattle for delivery to a local hospital". Others became concerned after reading that hearts were only viable for transplant for a few hours. While the heart was likely needed for a transplant, its exact objective is not known.
  • Kimberly-Clark announces tampon recall throughout U.S., Canada

    Kimberly-Clark announces tampon recall throughout U.S., Canada

    Markets

    Certain Kotex tampons are being recalled after some users reported that the product unraveled or came apart, and in some cases, resulted in "pieces left in the body" that required medical attention, according to a new recall announcement. In an online FAQ, Kimberly-Clark said it was taking steps to prevent similar issues from occurring in the future, though its plan is worded vaguely.
  • Saudi Energy Minister Says he Discussed Oil Market with US Counterpart

    Saudi Energy Minister Says he Discussed Oil Market with US Counterpart

    Markets

    Also on Tuesday came word from Alexander Novak , energy minister for Russia , that his country plans to cut its oil output by at least 50,000 to 60,000 bpd in January under the OPEC agreement; this means Russian oil output will be around 11.35 million bpd next month, compared to its post Soviet-record high of 11.41 million bpd in October.
  • China grants Qualcomm a ban on some iPhone sales

    China grants Qualcomm a ban on some iPhone sales

    Markets

    While the comment seemed unfounded at the time, Qualcomm has since scored a major victory, with the Chinese court granting a preliminary injunction against the sale and import of iPhones in the country. Meanwhile, European competition commissioner Margrethe Vestager told Reuters that the watchdog could investigate Apple Pay if it receives formal complaints.
  • RBI Governor Urjit Patel resigns

    RBI Governor Urjit Patel resigns

    Markets

    Patel, 55, who took over as the 24th Governor of the central bank on September 5, 2016, had the shortest tenure since 1992. The issues that brought them head on included appropriate size of reserves the central bank must maintain, easing of lending norms to ease liquidity rules certain sectors and guidelines for weak banks.
  • Nissan, Ghosn, Kelly indicted over under-reported pay

    Nissan, Ghosn, Kelly indicted over under-reported pay

    Markets

    After its indictment was announced, Nissan said it took the situation seriously. On Monday, he was charged with making a mis-statement on Nissan's annual securities report. While the Japanese automaker has stepped up its offensive against Ghosn, seeking to block access by his representatives to an apartment in Rio de Janeiro citing a risk that the executive may remove or destroy evidence, the European partner has kept him on as its chairman and CEO.
  • France braced for 'day of rage' protests

    France braced for 'day of rage' protests

    Markets

    On boulevard Poissonniere and boulevard Haussmann, some tried to erect barricades, using urban furniture and stones from the pavement, and defying police forces. He only gave his first name, saying he feared being tracked by security authorities. Since becoming president in January 2017, he has pulled the United States out of the worldwide Paris Agreement on attempting to bring down global temperatures, and torn up a raft of environmental protection laws, saying the USA economy needs the ...
  • China demands Canada release Huawei executive

    China demands Canada release Huawei executive

    Markets

    No other details have been given, but The Globe and Mail reported that she was detained for attempting to evade USA sanctions on Iran, citing a Canadian source with knowledge of the matter. A rout on Wall Street deepened Thursday after news of the arrest of a top executive at Chinese telecommunications giant Huawei stoked fears it could hinder progress in U.S.
  • WTI Crude Oil and Natural Gas Forecast December 7, 2018

    WTI Crude Oil and Natural Gas Forecast December 7, 2018

    Markets

    OPEC's de facto leader Saudi Arabia has indicated a need for steep output reductions from January, fearing a glut, but Russian Federation has resisted a large cut, news agency Reuters reported from Vienna . Possibly complicating any Opec decision is the crisis around the killing of journalist Jamal Khashoggi at the Saudi consulate in Istanbul in October.
  • China stays silent as Trump talks up trade truce

    China stays silent as Trump talks up trade truce

    Markets

    While tariffs alone shouldn't destroy the economy, they certainly add weight to the burden of other problems: falling oil prices, slowing real estate markets, the flattening of the yield curve thanks to "hawkish" comments from the Federal Reserve, and the sinking stock market.
  • Markets advance after Powell's `just-below' neutral remark

    Markets advance after Powell's `just-below' neutral remark

    Markets

    Mr. Powell didn't provide any more guidance on the likely path for rates, and he noted they remain low by historical standards. How long the market's new love for Powell lasts will be tested in just a few weeks' time when Powell speaks following the Fed's next policy meeting, scheduled for December 19.
  • Shekel gains against dollar as Fed cools on rate hikes

    Shekel gains against dollar as Fed cools on rate hikes

    Markets

    The yellow metal climbed and the USA dollar fell following Fed Chair Jerome Powell's comments on interest rate hikes in 2019. His predecessors took care not to directly attack the central bank's rate policy out of concern that such criticism could backfire.
  • Trump threatens to cancel Putin meeting amid Russia-Ukraine tensions

    Trump threatens to cancel Putin meeting amid Russia-Ukraine tensions

    Markets

    The meeting came ahead of a two-day G-20 summit from Friday in Argentina's capital, an event that will bring together U.S. President Donald Trump, Chinese President Xi Jinping, Japanese Prime Minister Shinzo Abe and other world leaders. The new North American trade deal exempts the first 2.6 million SUVs and passenger cars built in Mexico and Canada from new tariffs. "The Chinese side has repeatedly stressed that the essence of Sino-U.S.