Money

Qualcomm-NXP deal: Xi says China open to approving

Qualcomm-NXP deal: Xi says China open to approving The United States expects China to take immediate action to cut tariffs on U.S. auto imports and end intellectual property theft and forced technology transfers as the two countries move toward a broader trade deal, a White House official said on Monday. [Full Article...]

Sask. won't follow Alberta with cut to oil production

Sask. won't follow Alberta with cut to oil production The plan, which would end December 31, 2019, is expected to reduce the differential by at least US$4 per barrel relative to where it would have been otherwise. Notley thanked them both in her speech. Obviously, if you're a small producer the value of that exemption is greater for them than it is for the larger producers. [Full Article...]

Donald Trump Spins 90 Day China Truce as 'Big Leap Forward'

Donald Trump Spins 90 Day China Truce as 'Big Leap Forward' Trump last week ordered a separate review of China's 40 per cent tariff on auto imports from the USA, 25 percentage points of which is the result of Chinese retaliation against Trump's own tariffs on imports from China. The increases come after the United States and China said they had agreed to not increase tariffs for 90 days to allow for talks. With the two leaders' approach to the world ... [Full Article...]

USA wants 'concrete' trade action from China within 90 days

USA wants 'concrete' trade action from China within 90 days Global investors, who had feared for months that a protracted trade war could hurt economic growth, seemed to cheer the cease-fire on Monday, but United States markets slid back on Tuesday as it became clear that there were few concrete commitments that came out of the discussions so far. [Full Article...]

Ted Baker founder is being accused of sexual harassment

Ted Baker founder is being accused of sexual harassment The petition, published on the workplace campaign platform Organise, urged the company's board of directors to end this "awkward hugging culture". The petition notes that several staffers have left the company due to Kelvin's alleged verbal, physical, and sexual abuse, and that reporting the instances through the proper channels, like Human Resources, was "hopelessly ineffective" as reports went... [Full Article...]

Trump to meet leaders of Japan, China, Russia, Germany at G-20

Trump to meet leaders of Japan, China, Russia, Germany at G-20 U.S. President Donald Trump is open to reaching a deal on U.S. The United States has imposed import taxes on $250 billion worth of Chinese products and China has countered by targeting $110 billion in US imports. However, Moscow said USA domestic politics may have been the real reason behind the cancellation. "We're having now a lot of communication with the Chinese government at all levels", Ku... [Full Article...]

Morneau says Canada takes Trump’s intention of terminating NAFTA seriously

Morneau says Canada takes Trump’s intention of terminating NAFTA seriously 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 terms of the original agreement - a scenario she's dubbed "zombie NAFTA". [Full Article...]

China allows Switzerland's UBS to control local securities business

China allows Switzerland's UBS to control local securities business The China Securities Regulatory Commission (CSRC) has approved UBS Group to take a majority stake in its Chinese securities joint venture (JV), making it the first foreign bank to do so following the new rules announced by Beijing , last year. [Full Article...]

Seven-year-old YouTuber made £17.2m in one year

Seven-year-old YouTuber made £17.2m in one year Since launching his main channel in 2015, Ryan has amassed more than 17m followers and almost 26bn views. Ryan makes an estimated $21 million from advertising on two accounts, Ryan ToysReview and Ryan's Family Review , and $1 million in sponsored posts, Forbes reports. [Full Article...]

The fall in oil prices was a record for 10 years

The fall in oil prices was a record for 10 years The development could lead to a possible deal in the upcoming OPEC meeting scheduled for next week in Vienna . At the OPEC meeting next week, “oil producers could well decide to cut output by over 1 [million] barrels a day, with Russian Federation also starting to express concern about falling prices, ” said Michael Hewson, chief market strategist at CMC Markets UK, in a Friday note. [Full Article...]

Pundits Reveal Hidden Aspects of US-China Trade Talks at G20 Summit

Pundits Reveal Hidden Aspects of US-China Trade Talks at G20 Summit Advocating "fair" and "reciprocal" trade, Trump has called for reducing the US trade deficit with trading partners such as China , Mexico and Japan - the first to third-biggest generators of goods trade deficit with the United States in 2017. [Full Article...]

Qatar will withdraw from OPEC effective January 2019: Minister

Qatar will withdraw from OPEC effective January 2019: Minister The Gulf state said it would focus on gas production. Energy Minister Saad al-Kaabi said Qatar would withdraw from Opec, which it joined in 1961, in January. Now Qatar will be able to produce at whatever level it wants, she said, "but I wouldn't see it as a threat to Opec's efforts to cut their production because [Qatar] is not capable on its own of flooding the market". [Full Article...]

Nissan reveals Leaf Nismo RC race vehicle that won't actually race

Nissan reveals Leaf Nismo RC race vehicle that won't actually race Nissan will build six of these things to display and demonstrate around the world, at Formula E races and so-on, so jeep an eye out. For the previous generation of the LeafEV, Nissan created the Nissan Leaf Nismo RC race vehicle to showcase what it could do with electric performance. [Full Article...]

Microsoft Has Beat Apple To Become The Most Valuable US Company

Microsoft Has Beat Apple To Become The Most Valuable US Company According to a report from The Verge , Microsoft's capitalization reached as high as $812.93 billion, exceeding Apple for the first time by about $330 million, albeit very briefly. dollars in the year 2010 and became the most valuable organization in the United States. Apple has been on a staggering trajectory in the decade since the iPhone was released, and in the process made Microsoft look l... [Full Article...]

Japanese airline bosses take pay cut over 'shame' of drunk pilot

Japanese airline bosses take pay cut over 'shame' of drunk pilot President Yuji Akasaka will take a 20% pay cut as punishment for Jitsukawa, who failed a breath test just 50 minutes before the flight from Heathrow was due to take off with him in the cockpit. The Boeing 777 aircraft he was due to fly, which can hold up to 244 passengers, eventually took off 69 minutes late. After he was challenged, he said he had drank whisky the night before but had already p... [Full Article...]

Bayer to Sell Businesses, Cut Jobs After Monsanto Deal

Bayer to Sell Businesses, Cut Jobs After Monsanto Deal But barely two months later, a court ruling in the USA left Bayer with multi-million-dollar damages to pay as the judge found that its newly acquired subsidiary Monsanto should have warned a user about cancer risks from its herbicide Roundup. [Full Article...]

Fed-Ex delivery man folds fallen American flag

A FedEx driver is being applauded for taking time to properly fold an American flag after the wind knocked over a flagpole outside a Glen Burnie home. A U.S. Marine veteran who was driving for FedEx ended up going beyond the call of duty after noticing an American flag lying on the ground. "It's the Marine way, would have done better justice for Lady glory if the wind wasn't gusting at 50", ... [Full Article...]

Dow up 600 points as Fed chief says interest rates near neutral

Dow up 600 points as Fed chief says interest rates near neutral But Bush's complaint about the Fed occurred years after he had left office. Powell's speech came a day after US President Donald Trump's latest attack on the US central bank. "I'm doing deals, and I'm not being accommodated by the Fed", Trump said in the interview. "They're making a mistake because I have a gut and my gut tells me more sometimes than anybody else's brain can ever tell me... [Full Article...]

Trump barrels into G-20 summit after nixing Putin meeting

Trump barrels into G-20 summit after nixing Putin meeting The official signing took place at the G20 summit in Buenos Aires, after more than a year of negotiations. USA tariffs on Canadian steel and aluminum will remain in place for the time being, Freeland's office has confirmed. Trump acknowledged that Friday was Pena Nieto's last day in office and congratulated him on the achievement of signing on to the deal. In an interview with CNN earlier this... [Full Article...]

China hopes for positive results from talks with US at G20

China hopes for positive results from talks with US at G20 The president told The Wall Street Journal earlier this week that he expects to move ahead with the 25 percent tariffs and also suggested he could place a 10 percent tariff on iPhones and laptops imported from China. "The Chinese side has repeatedly stressed that the essence of Sino-U.S. economic and trade cooperation is about mutual benefit and win-win", Gao said. [Full Article...]


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