Finance

US puts 'maximum pressure' on Iran as sanctions resume

US puts 'maximum pressure' on Iran as sanctions resume Pompeo emphasized how increased US sanctions on Iran leading up to today's announcement had ensured "that Iran is not able to increase its revenue from oil as its exports plummet", while keeping prices stable for the American consumer. Trump has long argued that the 2015 nuclear deal is badly flawed, in part because its provisions would expire in 10 to 15 years and partly because it does not ade... [Full Article...]

Trump heads to Georgia, Tennessee with 2 days until midterms

Trump heads to Georgia, Tennessee with 2 days until midterms They're different from state and local elections, which happen every year. Both parties are working frantically as the election is being seen to be crucial to halt or support Trump's protectionist policies, considered regressive by the Democrats and valid by his supporters. [Full Article...]

Amazon Building in Baltimore Collapses During Tornado, Killing 2

Amazon Building in Baltimore Collapses During Tornado, Killing 2 This footage, showing the Amazon facility, was taken by videographer Vincent Figueroa. The Amazon Fulfillment Center was one of several buildings to suffer from storm-related damage. The safety of our employees and contractors is our top priority and we have safely evacuated the building. Our thoughts and prayers go out to the families impacted by last night's tragic event, ' the spokesperson ... [Full Article...]

Apple drops unit shipments as it posts fourth-quarter results

Apple drops unit shipments as it posts fourth-quarter results Cook was responding to a question on whether Apple is at a disadvantage in India, as compared to other markets, in terms of ability to own stores and manufacture its products. Apple said the data is less relevant to the strength of its business as customers bundle products, such as an iPhone paired with its wireless AirPods headphones, along with paid subscription services like Apple Music... [Full Article...]

India Welcomes Waiver From US Sanctions Against Iranian Oil

India Welcomes Waiver From US Sanctions Against Iranian Oil Ayatollah Ali Khamenei, Iran's supreme leader, voiced defiance of the U.S. president and said "the world opposes every decision made by Trump ". The deal brought about the lifting of most worldwide financial and economic sanctions on Iran in return for Tehran curbing its disputed nuclear activity under United Nations surveillance. [Full Article...]

Amazon is said to be favoring Northern Virginia for new headquarters

Amazon is said to be favoring Northern Virginia for new headquarters Many experts have named the Washington area as a front-runner given Bezos' ownership of the Post and the company's stepped-up lobbying efforts. Amazon is in "advanced discussions" about placing its second headquarters in Northern Virginia , seemingly dealing a blow to Toronto's hopes of luring the online retailer here. [Full Article...]

Regulators Subpoenaed Tesla Production Data, Company Says

Regulators Subpoenaed Tesla Production Data, Company Says Tesla creator and SpaceX CEO Elon Musk talked about the latter with Recode , detailing how Apple isn't making the same strides in technology they once were. Tesla said last week it did not receive a USA subpoena from the Federal Bureau of Investigation related to its Model 3 production forecasts, following a report that it faced a deepening criminal probe about the projections . [Full Article...]

Trump Confident of Fair Trade Deal with China

Trump Confident of Fair Trade Deal with China President Trump on Friday signaled the U.S.is getting closer to a trade deal with China. Trump, who made the reformation of America's trade relationship with China a flagship pledge during his campaign to be President, has also promised to clamp down on Chinese tech firms that he claims are infringing on USA intellectual property rights. [Full Article...]

British factories suffer one of worst months since Brexit vote

British factories suffer one of worst months since Brexit vote Japan on Wednesday reported weak industrial output for September partly as the Sino-US trade dispute weighed on its exports, while South Korea's factory output for last month shrank the most in over 1-1/2 years. Output was supported somewhat by clearing backlogs of work, the level of which fell for the second month in a row. The index is the sum of the percentage of "higher" responses and half the... [Full Article...]

Google employees to walk out to protest treatment of women

Google employees to walk out to protest treatment of women Last Thursday, the chief executive, Sundar Pichai , said Google had taken a "hard line" over sexual misconduct allegations, revealing that 48 people, including 13 senior managers, had been fired in the past two years. Employees across Google's offices in London were more muted, mostly staging their protest indoors and briefly exiting the building in the pouring rain. [Full Article...]

Asian stocks rally on hope of US-China trade deal

Asian stocks rally on hope of US-China trade deal USA tariffs on half of what China exports to the United States have sapped confidence in Beijing's ability to maintain current growth levels. We're getting closer to something. Separately, the South China Morning Post - also citing unnamed sources - reported that Mr Trump had offered to host a dinner for the Chinese president after the G20 summit. [Full Article...]

The Starbucks Christmas red cup has gotten a serious makeover for 2018

The Starbucks Christmas red cup has gotten a serious makeover for 2018 To give customers a taste of the holiday, Starbucks drew inspiration from its own Starbucks Christmas Blend coffee. The pièce de résistance is always the holiday cups themselves, and this year they don't disappoint. Last year's cup "didn't resonate with some, [but] it did resonate with others". Starbucks is also bravely bringing back that iconic, solid red cup-this year in a reusab... [Full Article...]

Trump expects 'very good' trade deal with China

Trump imposed new tariffs on roughly half of Chinese imports this summer, while Beijing fired back with tariffs on most U.S. products. He said further meetings with Xi are being scheduled for the G-20 summit of the world's biggest economies, set for November 30 in Buenos Aires, the first ever such summit in South America. [Full Article...]

WTI Crude Oil and Natural Gas Forecast

WTI Crude Oil and Natural Gas Forecast According to Reuters , Saudi Arabia pumped 10.65 million bpd in October, taking the combined output from the top three oil producers at a record 33.41 million bpd. In a sign that oil supply remains ample despite the looming U.S. sanctions against Iran's petroleum exports, crude output from the world's top 3 producers, Russia, the United States and Saudi Arabia, reached 33 million barrels per da... [Full Article...]

China-Pakistan Corridor Not Tied to India-Pakistan Territorial Dispute - Beijing

China-Pakistan Corridor Not Tied to India-Pakistan Territorial Dispute - Beijing A loan of $1.5 billion is also expected to be offered, along with an additional package of $3 billion for the China-Pakistan Economic Corridor (CPEC), the report said. China's expected assistance is the second United States dollars 6 billion package which Khan has managed to obtain in the last few weeks as Pakistan reeled under severe financial crisis. [Full Article...]

US, Brent crudes fall, as concern deepens over global economy

US, Brent crudes fall, as concern deepens over global economy He further said supply of one million barrels of oil at the trade floor of IRENEX would continue with the current trend, and changes could be made if needed in future supplies. With Russia over the weekend stating there's no reason to freeze or cut its oil production levels, and with global economic concerns ever-present in the minds of traders, Monday saw yet another drop in crude prices,... [Full Article...]

Drunk Japanese pilot arrested at Heathrow Airport

Drunk Japanese pilot arrested at Heathrow Airport He was detained after the driver of the crew bus noticed the smell of alcohol on his breath. A Japanese pilot has confessed to being nearly 10 times over the alcohol limit shortly before a flight from Heathrow Airport. The incident came to light after All Nippon Airways Co. on Wednesday apologized for five flight delays in Okinawa last week because a pilot was not in a fit state to work foll... [Full Article...]

China's Yuan Set for Biggest Two-Day Gain Since January on Trump

China's Yuan Set for Biggest Two-Day Gain Since January on Trump Xinhua, China's state news agency, reported on Friday that Trump had told the Chinese leader that "he looks forward to meeting Xi during the G20 summit so they can have an in-depth discussion about some major issues". "The two countries' trade teams should strengthen contact and conduct consultations on issues of concern to both sides, and promote a plan that both can accept to reach a consensus... [Full Article...]

US allows India, 7 nations to continue buying Iranian oil

US allows India, 7 nations to continue buying Iranian oil Although China and India's Iranian oil intake in recent months has fluctuated, and although some of their companies most exposed to the US financial system have drastically reduced or outright stopped imports from Iran (like India's Reliance Industries ), the countries saw their imports in the first three weeks of October increase or hold steady around the volumes from recent months. [Full Article...]

US blocks exports to Chinese chipmaker as tensions simmer

US blocks exports to Chinese chipmaker as tensions simmer The company, the department said, therefore " poses a significant risk of becoming involved in activities that are contrary to the national security interests of the United States ". He added the ban would limit the company's ability to " threaten the supply chain for essential components in our military systems ". A Commerce Department spokesman said the agency would review any appeal by Fujian... [Full Article...]


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