Markets

by | February 14, 2019 | 00:44

WTI Crude, according to Goldman Sachs, will average US$55.50 a barrel, compared with an earlier estimate of US$64.50 a barrel. Most analysts expect that the OPEC+ supply curtailment deal will ultimately rebalance supply and demand and provide support for higher oil prices.

by | February 14, 2019 | 00:32

As it's written the motion indicates the study would start before the end of the month, and would include testimony from: Justice Minister David Lametti; Principal Secretary to the Prime Minister Gerald Butts; Senior Advisors Elder Marques and Mathieu Bouchard; and Wilson-Raybould's chief of staff Jessica Prince.

by | February 13, 2019 | 00:38

Kotick said he sees more space in mobile markets for free-to-play models to take off for Activision and Blizzard franchises. That's in stark contrast to the Activision Blizzard model, which, with the exception of some more casual games like "Candy Crush Saga", asks players to pony up as much as $60 to purchase a game upfront and also pay for additional content later.

by | February 12, 2019 | 00:57

This Series B round values Aurora at over $2.5 billion. Aurora is led by Mr Chris Urmson, former head of the Google self-driving auto initiative. SAN FRANCISCO: A self-driving auto technology startup founded by former Google , Tesla and Uber executives said Thursday it secured $530 million in new funding that included a "significant" investment from Amazon.

by | February 08, 2019 | 00:20

Though the United States published robust jobs data last week, global markets remain nervous after China reported the lowest annual economic growth in almost 30 years in January. 2 million barrels . USA crude output stayed at a record-high 11.9 million barrels a day. "The fact that USA crude oil and gasoline stocks rose more sharply than expected, as reported by the API after close of trading yesterday, is weighing on prices", said Carsten Fritsch, analyst at Commerzbank.

by | February 07, 2019 | 01:18

However, he moved on to say, "simply put, walls work and walls save lives". His next line was more awkward, and met with relative silence: "If there is going to be peace and legislation, there can not be war and investigation". Sen. Bernie Sanders (I-Vt.), a self-avowed democratic socialist , reacted sharply to Trump's declaration - and it was caught on camera. Democrats applauded Trump on some of his remarks from the lengthy address.

by | February 07, 2019 | 00:53

The recent downswings in the crude oil market have been highly correlated with the release of the bearish economic data. However, Venezuela's woes assuaged traders' mounting fears to a degree, with the US sanctions limiting oil transactions between the Bolivian republic and other countries, and the European Union considering imposing more sanctions on the government of president Nicolas Maduro .

by | February 06, 2019 | 02:26

None are words typically associated with the 45th chief executive, who once stood outside the Capitol and spoke about "American carnage" during his Inauguration address. Pelosi said there would not be any money for the border wall in the legislation being negotiated by a bipartisan committee. She has shown no sign of budging from her opposition to Trump's wall-funding demand.

by | February 06, 2019 | 02:10

Digital-asset exchange Quadriga CX has a US$200 million problem with no obvious solution - just the latest cautionary tale in the unregulated world of cryptocurrencies. After Cotten died, QuadrigaCX employees tried to gain access to the company's cold wallets , but they either failed to get in or found the wallets held very little cryptocurrency.

by | February 04, 2019 | 01:25

The economy added 304,000 jobs in January, significantly more than economists had expected. The numbers exclude farm work, which is seasonal and often volatile. The average monthly gain for all of 2018 was 223,000. Job creation has been a particularly strong suit for the economy. Hundreds of thousands of government workers were either left idle for most of the month or required to work without pay.

by | February 02, 2019 | 00:41

Company shares were down less than 1 percent after the market closed. Shoppers will spend US$484 billion globally on Amazon this year, up 26 per cent from 2018, and the Seattle-based company will capture more than half of all online spending in the USA, according to EMarketer Inc.

by | January 31, 2019 | 05:56

The stock fell 6 percent to $128.71 in premarket trading. The macro assessment, along with a slight reduction to the outlook, was "not as bad as feared", Deane Dray, an analyst with RBC Capital Markets, said in a client note. China industrial profit registered two consecutive monthly falls in December 2018, on slowing prices and weaker factory activity, suggesting that government's fiscal stimulus so far is insufficient to lift growth.

by | January 31, 2019 | 05:26

Late Wednesday afternoon, President Donald Trump tweeted that he had spoken with Guaido that day to "congratulate him on his historic assumption of the presidency" and to reinforce "strong United States support for Venezuela's fight to regain its democracy".

by | January 30, 2019 | 00:37

Mr Guaido, who has not yet appointed a cabinet, faces the intricate legal challenge of nominating new leadership for PDVSA and its subsidiaries, including Citgo Petroleum, who would manage the companies during a transition. USA officials said the sanctions on PDVSA were meant to prevent Maduro's government from siphoning off funds from the oil company. The interim President also said the decision to appoint new boards of directors for PDVSA and its only profitable business, Citgo, was part ...

by | January 30, 2019 | 00:27

European Union officials have been adamant for months, however, that there is no room to renegotiate the so-called "backstop" element of the current draft Brexit plan, which is created to keep the Ireland-Northern Ireland border open regardless of whether a final customs deal is reached.

by | January 29, 2019 | 00:11

Listeria can cause serious and sometimes fatal infections in young children, frail, or elderly people and those with weakened immune systems. While no one has been reported as sick to date, the recall was issued following a routine sampling program by the packing house which found the finished products contained the bacteria.

by | January 29, 2019 | 00:10

Spain , France, Germany, the United Kingdom and the Netherlands said on January 26 that they would recognize Guaido as Venezuela's interim president unless Maduro called elections in eight days. Trump last week announced that the USA would recognize Guaido as the legitimate president of the country. "Venezuela does not pose any threat to peace and security".

by | January 28, 2019 | 00:57

Bohannan was shocked when she opened that bill. Many people were also unaware Facebook stored their credit card information, according to a survey conducted. Facebook employees knew this. Internally, the company described the problem as one of "friendly fraud ", and one staff member, who was in charge of a project to increase the company's game revenues, said it was particularly bad with a few games, including "PetVille, Happy Aquarium, Wild Ones, Barn Buddy and any Ninja game".

by | January 26, 2019 | 00:31

Speaking with reporters later Thursday, Trump said that Ross "perhaps ... should have said it differently", but that he understood the point Ross was making: That the approximately 800,000 federal workers who are not being paid in the shutdown should be able to rely on their close local ties with community businesses to essentially work out other ways to still be able to get food and pay their bills.

by | January 26, 2019 | 00:29

Concern about a "backstop" agreement for the border between the British province of Northern Ireland and the Republic of Ireland has been a major sticking point for Conservative Brexit supporters, who fear the European Union will use it to extract concessions on British sovereignty after Brexit.

by | January 23, 2019 | 00:53

As part of her "Plan B" announcement, Mrs May said she would scrap a fee that was due to be charged to European Union citizens applying to settle permanently in the United Kingdom after Brexit . The Labour leadership is now walking the tightrope of wanting to offer MPs a vote on a second referendum without actually endorsing the plan itself.

by | January 22, 2019 | 00:42

But the slowdown has been sharper than expected, prompting Beijing to boost spending on construction of roads and bridges and to order banks to lend more, especially to the entrepreneurs who generate most of China's new jobs and wealth.

by | January 20, 2019 | 00:29

At a news conference with Lopez Obrador , Hidalgo State Governor Omar Fayad said 66 people were killed and 76 people injured in Friday evening's explosion, which happened as local residents tried to fill buckets and drums with fuel. Mexico has suffered from widespread fuel theft for many years, which the government claims costs the country more than $3billion. TLAHUELILPAN, MEXICO A burnt body is observed following an explosion in Mexico.

by | January 18, 2019 | 00:54

The exercises also followed a new Pentagon report laying out United States concerns about China's growing military might, underscoring Washington's worries about a possible attack against Taiwan . China's most terrifying weapons are the most advanced in their field in the world. However, China's defense spending remains low when compared to other nations.

by | January 18, 2019 | 00:37

The Journal said that an indictment could be coming soon on allegations that Huawei stole T-Mobile technology, called Tappy, which mimicked human fingers and was used to test smartphones . Huawei CFO Meng Wanzhou was arrested in the Canadian city of Vancouver on 1 December 2018, reportedly, for failing to comply with the U.S. sanctions against Iran, and now faces extradition to the United States.