Saturday, 16 February 2019
Latest news
Home » Markets

Markets

Airbus A380 aircraft deliveries to end in 2021

perth_map

According to Noel Forgeard, the A380 would open a "bright page in the history of a unified Europe". Emirates , which had built its global brand around the A380 and Boeing 777 and which also has 100 of the Airbus superjumbos in its fleet, said it was disappointed by the closure. Read More »

Tesla's New Vehicle Modes Protect Pets, Cars

perth_map

He said: 'Can you put a dog mode on the Tesla Model 3. Utilising the touchscreen again - just in case a concerned passerby notices your pets inside - a message is displayed informing any casual onlookers that the cabin is at a comfy temperature. Read More »

JPMorgan Unveils First Bank-Backed 'JPM Coin' Cryptocurrency

perth_map

The system, called JPM Coin , which for now is only at the prototype stage and for business-to-business deals, would permit institutional clients to make instantaneous payments to other bank clients. JPMorgan said it believes the new technology can help lower costs and risks associated with big money transfers around the world. Indeed, even one of the United States' largest banks, JP Morgan , has just made a decision to jump on the crypto bandwagon. Read More »

Injured During 'Insane' Turbulence on Delta Flight

perth_map

A video posted on Twitter by one of the passengers shows liquid splattered on the ceiling and a beverage cart on its side in the middle of the aisle. The turbulence which the flight experienced may have been linked to a winter storm which has been affecting the Sierra Nevada region. Following the safe landing in Reno, where customers were able to exit as usual through the main cabin door, Delta said they were working on caring for and supporting their passengers. Read More »

China hopeful of trade war breakthrough

perth_map

One of Donald Trump's most persistent economic promises has been to rewrite the USA relationship with China. U.S. Secretary of State Mike Pompeo cautioned allies on Monday against deploying equipment from Chinese telecoms giant Huawei Technologies on their soil, saying it would make it more hard for Washington to "partner alongside them". Read More »

Amazon cancels New York City campus plan

perth_map

Amazon's approach to HQ2 has irked NY lawmakers, particularly those who represent Long Island City . It's a big reversal of its much-hyped decision to build a new headquarters in Queens after a highly publicized nationwide search. But they were divided over the incentives: 46 per cent in favour, 44 per cent against. For now, however, Amazon says it will not reopen its search for a location for its second headquarters, but will instead continue forward with less dramatic expansions in ... Read More »

Donald Trump's trade war with China is following a familiar path

perth_map

The two USA cabinet officials will meet with Xi on Friday, the South China Morning Post reported, citing a source briefed on the arrangements. China's trading partners say the state support for industries violates Beijing's market-opening obligations, and some American officials worry they might erode US industrial leadership. Read More »

Jody Wilson-Raybould resigns from federal cabinet

perth_map

The latest news out of Ottawa today is that Canada's former Attorney General, Jody Wilson-Raybould has officially resigned amid the major SNC-Lavalin Scandal. Trudeau has denied Wilson-Raybould was pressured to instruct the director of public prosecutions to negotiate a remediation agreement with SNC-Lavalin rather than pursue a criminal trial on charges of corruption and bribery related to the company's efforts to secure government contracts in Libya. Read More »

Activision Blizzard Plans to Lay Off Hundreds of Employees

perth_map

Activision Blizzard , Inc.'s latest closing price distance was -34.44% from the average-price of 200 days while it maintained a distance from the 50 Day Moving Average at -8.6% and -7.34% compared with the 20 Day Moving Average. Analysts at Goldman, started covering the stock on January 30 with a Neutral rating. Now the security holds 15 "strong buy" ratings, two "buys", five "holds", and not a single "sell". Read More »

Lottery victor wears 'Scream' mask to hide identity

perth_map

The person arrived at the lotto centre wearing the mask from the 1996 horror flick, along with a pair of black rubber gloves. Campbell , the Jamaican victor posed with his winning at the Spanish Court Hotel in Kingston last week. "I don't beg, I don't borrow. I had a belly ache for two weeks, sometimes I feel so much pain I forgot that I had won", he said. Lottery winners in the Caribbean country often wear disguises while collecting their prizes due to high levels of crime in the ... Read More »

Prime Minister calls on MPs to ‘hold their nerve’ on Brexit

perth_map

Luxembourg's Prime Minister Xavier Bettel stressed that the responsibility for finding a Brexit solution sat with London, Reuters reported. " We never pushed for Brexit, we never demanded Brexit ", Bettel said. Time pressure is mounting. The United Kingdom is on course to leave the European Union on March 29 without a deal unless May can convince the bloc to reopen the divorce deal she agreed in November and then sell it to sceptical British lawmakers. Read More »

Huawei open to European supervision

perth_map

Liu said Huawei hired 12,000 people in Europe and in 2018 procured USD6.3 billion worth of goods in Europe. But it has not yet signed a 5G contract in Thailand. Alibaba, Tencent, Kingsoft and JD.com have also pledged to invest in the EEC. The letter was a response to concerns raised by the Huawei Cyber Security Evaluation Centre, a body including Huawei, UK operators and Government officials. Read More »

Tata Motors posts record $4bn loss on Jaguar woes, share crash

perth_map

Tata Motors took a non-cash charge of 278.38 billion rupees for an impairment at JLR in the quarter. Sales in China fell 47% y-o-y last quarter offsetting 21% and 18.4% increase in North America and the United Kingdom respectively. "In JLR, the market conditions continue to be challenging particularly in China. The company is expected to be a positive surprise with a 39% YoY PAT growth, led by JLR returning to the profitable zone", analysts at Antique Stock Broking had said in a results ... Read More »

Home and vehicle loans to be cheaper as RBI cuts rates

perth_map

Past three governors have been blaming the banks for not passing on their rate cuts to customers, thus offsetting the efforts of the monetary authority to lower interest cost for the economy. "Continuing deflation in food items, a sharp fall in fuel inflation and some edging down of inflation excluding food and fuel contributed to the decline in headline inflation", the RBI said. Read More »

Crude Oil Price Outlook: Rising on Positive Fundamentals & Technicals

perth_map

Benchmark Brent crude had slipped 62 cents to $61.36 a barrel by 1000 GMT, after rallying about 15 percent in January. Both lines carry Canadian crude to the U.S. The key story supporting the market and driving the price action is the OPEC-led production cuts. While OPEC and allied producers are slashing their output in an attempt to boost crude prices, which saw a rapid fall a year ago, the United States has been opposing the measure and vowed to continue expanding its supply. Read More »

High-Level China-US Trade Talks to Resume Next Week

perth_map

Trump has threatened to increase existing tariffs and enact a third wave of penalties on Chinese goods imported to the USA if the two sides can't broker a permanent truce in a trade war that has spooked markets. "As long as the Democrats bring this to the floor, I think we're highly confident this will be passed". Both sides in the US-China trade negotiations are making a "big commitment" to reach an agreement by the March 1 deadline, US Treasury Secretary Steven Mnuchin said today. Read More »

Venezuelan opposition readies US fund to receive oil revenue

perth_map

The Trump administration unveiled sanctions on Venezuela's state-owned oil firm Petróleos de Venezuela SA late last month in an effort to cut off money to embattled President Nicolás Maduro, days after opposition leader Juan Guaidó declared himself interim president of the country and gained much global support. Read More »

Hell for Brexit: EU's Tusk Lashes Eurosceptics

perth_map

The president of the European council was speaking alongside the Irish prime minister Leo Varadkar in Brussels as he once again stated that the agreed Brexit plans were "not open for renegotiation". The remark angered Brexit supporters in Britain. "The top priority for us, remains the issue of the border on the island of Ireland, and the guarantee to maintain the peace process in accordance with the Good Friday Agreement". Read More »

Alphabet reports $39.3 billion United States dollars revenue in Q4 2018 earnings

perth_map

Alphabet said its Q4 results slightly surpassed analyst expectations. In the final minutes of trading on Monday, shares hit $1,141.42, a rise of 2 percent in the last 12 months. The revenue mainly comes from Google Fiber, a high-speed internet service, and Verily, a life sciences division, Porat said on the call. Google "other" revenues - think cloud platform and other non-advertising dosh - were $6.5bn, up 30 per cent from $5bn. Read More »

State of the Union Address: Unity or Emergency? - Mish Talk

perth_map

Millions of Americans are expected to watch the address on television, giving the Republican president his biggest opportunity to date to explain why he believes a barrier is needed on the U.S. Both women, known as Diamond & Silk, are African-American and prominent Trump supporters. Trump will call for "an end to the politics of resistance and retribution", Trump counselor Kellyanne Conway said Monday . Read More »

4,000 General Motors workers to be laid off starting Monday

perth_map

The automaker is expected to start its next round of white-collar job cuts Monday, but the carmaker apparently has fewer staff reductions left to make than has been anticipated. GM Canada president Travis Hester has said the future of cars is electric , rather than internal combustion. An upside for the company is that the mass terminations as a result of its restructuring and reorganization are expected to save GM some $6 billion by 2020. Read More »

SpaceX successfully test-fires rocket engine Raptor

perth_map

This isn't, therefore, the first time the Raptor engine has ever been fired - SpaceX has fired individual components before and experimented with various designs. Musk's ultimate goal is to use the Starship / Super Heavy system - previously known as the Mars Colonial Transporter, the Interplanetary Transport System, the Big "Falcon" Rocket or the BFR - to send settlers to Mars . Read More »

Brexit: Theresa May ‘determined’ to leave European Union in March

perth_map

Prime Minister Theresa May is going back to Brussels to renegotiate her Brexit deal . With less than two months until Britain is due to leave the bloc on March 29, concerns are growing over the risk of a disorderly "no deal" exit. But Maas stressed the EU's focus on protecting Ireland's border. This would probably mean checks on goods crossing it, unless both sides could reach a comprehensive trade deal. Read More »

Foxconn again shifts Wisconsin plan after Trump intervenes

perth_map

Foxconn Technology Group said Friday it will go ahead with plans to manufacture liquid-crystal displays in Wisconsin after an intervention from President Donald Trump . Foxconn's statement did not reiterate its commitment to create 13,000 jobs as it did on Wednesday. The plan received praise from President Donald Trump, who has repeatedly called it "incredible." Taiwan-based Foxconn Technology Group makes products for the education, medical and healthcare, entertainment and sports, ... Read More »

US job growth surges; unemployment rate rises to 4.0 percent

perth_map

January marks the 100th straight month of job growth in the US, a record more than twice as long as the previous one of 48 months set in June 1990. The partial government shutdown that ended last Friday, which was the longest on record, may have had a slight impact on the report . Read More »

DIPP to not extend FDI in eCommerce policy deadline; CAIT "deeply satisfied"

perth_map

Flipkart CEO Kalyan Krishnamurthy warned last month that it faced "significant customer disruption" if the new rules were implemented from 1 February. The new set of rules will minimise malpractices and pricing policies that favour specific sellers and their exclusive retailers. Companies are also now required to make annual declarations of their compliance with the rules to the Reserve Bank of India. Read More »