Oil prices rise, supported by U.S

This situation essentially leaves Saudi Arabia, the world's only swing producer, powerless to prevent a supply shock and subsequent price spike to $100 in the final quarter of this year. He added, "But let's be frank, such oil prices are to some exte... More..

by | Published more than a month ago
Amazon Cuts Monthly Incentives, Stock Awards After Salary Increase
by | Sunday, October 07, 2018

Amazon Cuts Monthly Incentives, Stock Awards After Salary Increase

While restaurants are facing pressure to raise wages across the US, they're also dealing with a tight labor market that's forcing companies and franchisees to hike pay to find enough hourly employees. "We will ...More..

United flight from LA lands safely in Sydney after declaring 'fuel mayday'
by | Saturday, October 06, 2018

United flight from LA lands safely in Sydney after declaring 'fuel mayday'

Authorities say the plane was running low on fuel - and the pilot was following procedure. NSW Police launched a full-scale emergency response to the mayday call, closing some streets around the airport. Anot...More..

Here is how Twitterati reacted to cut in fuel prices
by | Saturday, October 06, 2018

Here is how Twitterati reacted to cut in fuel prices

India is cutting prices of petrol and diesel by 2.50 rupees ($0.03) a litre, Finance Minister Arun Jaitley said on Thursday, the government's latest step to tackle the impact of a sharp rise in crude oil pric...More..

United States adds just 134K jobs; unemployment a 49-year low, 3.7 pct
by | Saturday, October 06, 2018

United States adds just 134K jobs; unemployment a 49-year low, 3.7 pct

Geography, the skills gap, the opioid epidemic, more people going to college and a lack of family leave policies aimed at encouraging women to enter the labor force could all be contributing to the low rate. Av...More..

May appeals for party unity at 'toughest phase' of Brexit
by | Saturday, October 06, 2018

May appeals for party unity at 'toughest phase' of Brexit

Theresa May has been told she will have to find at least £20billion to fulfil her conference pledge to end austerity measures. But she did her best to appear carefree as she sashayed on to the stage to the Ab...More..

US, Canada in last-minute NAFTA deal
by | Friday, October 05, 2018

US, Canada in last-minute NAFTA deal

The new deal, dubbed the US-Mexico-Canada Agreement , is expected to be signed by the leaders of the three member countries - US President Donald Trump , Canadian Prime Minister Justin Trudeau, and Mexican P...More..

Pence Urges Google to Axe 'Dragonfly' Search Project for China
by | Friday, October 05, 2018

Pence Urges Google to Axe 'Dragonfly' Search Project for China

A Chinese foreign ministry spokeswoman, Hua Chunying, said Beijing objected to Pence's "groundless" allegations and urged the U.S.to stop hurting ties between the two countries. Despite that, Pence said: 'As a ...More..

Aston Martin IPO orders below 19 pounds/share risk missing out - bookrunners
by | Friday, October 05, 2018

Aston Martin IPO orders below 19 pounds/share risk missing out - bookrunners

The deadline for orders is 1100 GMT. The stock closed down 4.7 percent in London on Wednesday from its initial public offering price of 19 pounds ($24.70), a figure that gave the Gaydon, England-based compa...More..

Toyota recall: millions of potentially faulty hybrid vehicles
by | Friday, October 05, 2018

Toyota recall: millions of potentially faulty hybrid vehicles

Vehicles in Europe, China and other regions are also affected. In 2016, Toyota also recalled some 2.87 million cars including the Prius for leaky fuel tanks, and a further 1.43 million mainly Prius vehicles for...More..

by | Friday, October 05, 2018

Pence to address China in Hudson Institute speech

Chinese Foreign Ministry spokeswoman Hua Chunying said in a statement that Pence in his speech had made "unwarranted accusations. and slandered China by claiming that China meddles in United States internal aff...More..

by | Friday, October 05, 2018

U.S. says China wants to kick Trump out of the White House

Pence called on one firm in particular to stop cooperating with China. Pence also accused Beijing of showing its "aggression" when a Chinese navy vessel recently sailed in the dispute-ridden South China Sea n...More..

Theresa May will freeze fuel duty (again)
by | Friday, October 05, 2018

Theresa May will freeze fuel duty (again)

Boris Johnson and Sajid Javid on the moveHow much does fuel duty bring in for the Treasury? It was not guaranteed the government would continue to freeze the duty on fuel, particularly as it had also pledg...More..

Petrol, diesel cheaper by Rs 5 in Maharashtra and Gujarat
by | Thursday, October 04, 2018

Petrol, diesel cheaper by Rs 5 in Maharashtra and Gujarat

The first aspect of this plan involves the government cutting excise duty by Rs 1.5 per litre of petrol and diesel . The states have reduced the sales tax/VAT charged on diesel and petrol. It is only the glo...More..

Canada | New NAFTA Deal | Trump Tariffs
by | Thursday, October 04, 2018

Canada | New NAFTA Deal | Trump Tariffs

At first, Mexico refused to alter its trade policies, but now it has. Gordon said there could be a slight increase in market access to Canada for USA dairy products, and the removal of that nation's Class...More..

Rupee sinks to historic low, Centre anxious
by | Thursday, October 04, 2018

Rupee sinks to historic low, Centre anxious

In India, the world's third-largest oil importer, its currency plunge has meant oil prices have risen almost 50 per cent in rupee terms this year. The rupee fell by 43 paise against the dollar to 73.34 during...More..

Saudi critic missing after entering Istanbul consulate
by | Wednesday, October 03, 2018

Saudi critic missing after entering Istanbul consulate

Khashoggi, who was trying to obtain documents related to a marriage license, had initially visited the Saudi Consulate in Istanbul on Friday, his friends said. "We have been unable to reach Jamal today and are ...More..

New NAFTA deal could have impact on regional auto industry
by | Wednesday, October 03, 2018

New NAFTA deal could have impact on regional auto industry

Canada, the United States' No. 2 trading partner, was left out when the USA and Mexico reached an agreement last month to revamp the North American Free Trade Agreement . First, it permits dairy farmers to ban...More..

Oil traders prepare for $100 per barrel price tag
by | Wednesday, October 03, 2018

Oil traders prepare for $100 per barrel price tag

U.S. West Texas Intermediate (WTI) crude futures were at 73.57 dollars a barrel. Brent has risen by around 20 percent from the most recent lows in August. Media reports said that Saudi Arabia would raise oi...More..

Trump hits Brazil, India commerce after clinching N. American trade deal
by | Wednesday, October 03, 2018

Trump hits Brazil, India commerce after clinching N. American trade deal

Although most trade experts were surprised the final deal turned out as well as it did - incorporating numerous improvements from the Trans-Pacific Partnership that Mr Trump jettisoned by backing out of that ag...More..

Local concern over how the new trade agreement will impact dairy
by | Wednesday, October 03, 2018

Local concern over how the new trade agreement will impact dairy

Alberta Milk, which represents Alberta's 517 dairy farmers, says the deal will effectively mean more American milk-and less Canadian-on store shelves. It was at an April 2017 event in Wisconsin that Trump fir...More..

Passengers told to stay away from Stansted after airline collapse
by | Wednesday, October 03, 2018

Passengers told to stay away from Stansted after airline collapse

Low-priced carrier Primera Air is suspending all flights and filing for bankruptcy protection. In Europe, legacy airlines have been fighting back against low-cost rivals by operating budget carriers of th...More..

by | Wednesday, October 03, 2018

Manitoba dairy farmers concerned over NAFTA replacement deal

Taylor says this deal will undoubtedly have Canadian dairy farmers questioning their futures and how many more cuts at their farm gate they can take. It's allowing 3.6 per cent more USA dairy to come into Canad...More..

Investors approve $40 billion LNG export facilty for Kitimat, B.C
by | Wednesday, October 03, 2018

Investors approve $40 billion LNG export facilty for Kitimat, B.C

LNG Canada has worked towards FID since it first identified Kitimat from a list of 500 potential sites in British Columbia as the ideal location for an LNG export facility . The project may add two more trains...More..

A national emergency alert test is happening on your phone tomorrow
by | Tuesday, October 02, 2018

A national emergency alert test is happening on your phone tomorrow

A new lawsuit filed in NY is seeking to stop the implementation of FEMA's new "Presidential Alert" messaging system , an alert used for national emergencies that can be deployed by President Trump. The WEA sys...More..

Amazon boosting workers' minimum wage to $15 an hour
by | Tuesday, October 02, 2018

Amazon boosting workers' minimum wage to $15 an hour

Amazon's market capitalization now stands near $1 trillion; it paid Bezos, its founder and CEO, $1.68 million a year ago. In an FAQ , Amazon said the additional expense will be reflected in its earnings gui...More..

Amazon announces $15 minimum wage for all United States employees
by | Tuesday, October 02, 2018

Amazon announces $15 minimum wage for all United States employees

The higher minimum wage, which will go into effect on November 1, comes after the company faced criticism over its pay and treatment of employees. Sen. Workers sort arriving products at an Amazon Fulfilment Cen...More..

Tesla shares spike on SEC truce, strong Model 3 report
by | Tuesday, October 02, 2018

Tesla shares spike on SEC truce, strong Model 3 report

The billionaire entrepreneur was fined $20m (£15m) and agreed to step down as chairman of the electric car-maker as part of the deal with the US Securities and Exchange Commission (SEC ). Musk to step down...More..

Brent oil review: most overbought since November 2017
by | Tuesday, October 02, 2018

Brent oil review: most overbought since November 2017

With just weeks left until the sanctions are imposed, oil buyers are looking for new suppliers to avoid breaching the USA sanctions, which take effect from November 4. "Iran has attempted to downplay the impact...More..

by | Tuesday, October 02, 2018

The winners and losers in the new NAFTA

Updates with "basis of agreement" reached by Canada and U.S. With AP Photo. Trump said he would sign the final agreement in late November, in about 60 days, and the pact is expected to be signed by Trudeau an...More..