Economy

by | December 07, 2018 | 09:51

Meng Wanzhou , was provisionally detained by the Canadian Authorities on behalf of the United States of America, which seeks the extradition of Ms. Meng Wanzhou to face unspecified charges in the Eastern District of NY, when she was transferring flights in Canada", the statement reads.

by | December 06, 2018 | 06:57

A bail hearing is being planned for Friday to determine what will happen next. Huawei's global chief financial officer has been arrested in Canada , where she is facing extradition to the United States, officials have confirmed. Wanzhou Meng has reportedly been arrested by Chinese authorities on suspicion of violating the US's trade sanctions on Iran. The United States government is set to indict a top executive from Huawei, the Chinese smartphone maker, in a move that could increase ...

by | December 05, 2018 | 04:33

Kudlow briefed reporters Monday following talks at the Group of 20 summit over the weekend between Trump and Chinese President Xi Jinping . "I'll call them "commitments" at this point, which are - commitments are not necessarily a trade deal, but it's stuff that they're going to look at and presumably implement", Kudlow told reporters at an official White House briefing that followed TV interviews and informal briefings by him and Mnuchin earlier in the day.

by | December 05, 2018 | 04:29

Federal Finance Minister Bill Morneau says Canada takes seriously comments made by U.S. President Donald Trump about withdrawing from the North American Free Trade Agreement . And he rejects President Trump's contention their new trade agreement is final. Legislators in Canada and Mexico must still approve the pact. "I don't see how they get this ratified by Congress", Toomey said.

by | December 03, 2018 | 04:35

The rate increases have gradually raised borrowing costs for consumers and businesses. The fed fund futures contract expiring in January 2020, a heavily traded contract that reflects market expectations for where rates will be at the end of 2019, rallied sharply on record volume.

by | December 01, 2018 | 13:00

The spread on euro-dollar interest rates future is negatively correlated with emerging markets as higher interest rates in the U.S. dim the appeal of risky assets. The FOMC is likely to link future interest rate decisions more closely to incoming data and then decide on a case-by-case basis. Powell remains upbeat on the economy, forecasting continued solid growth, low unemployment and inflation near the Fed's 2 percent target.

by | November 30, 2018 | 10:02

The Panama Papers , published by the Guardian and a consortium of worldwide journalists in April 2016, revealed how offshore tax havens including the British Virgin Islands were used to hide billions of dollars. The investigation emerged from an analysis of documents leaked from tax havens in recent years, including the 2016 "Panama Papers", said Frankfurt prosecutors' spokeswoman Nadja Niesen.

by | November 28, 2018 | 09:00

In an interview with The Washington Post , Trump said he would be receiving a "full report" from his national security team on Russia's recent actions in eastern Ukraine and the Black Sea. Washington has kicked off the process of putting tariffs and investment restrictions on Chinese companies, while taking the Middle Kingdom to the World Trade Organization for dispute settlement.

by | November 28, 2018 | 03:31

But we will all together get the point across to General Motors. General Motors announced Monday that Lordstown, along with several other plants of operation, will remain " unallocated " meaning they won't receive any new product. The affected plants include three auto factories-one in Lordstown, Ohio, one in Detroit , Mich. and the other in Oshawa , Ontario-and two transmission factories in Baltimore and Warren, Mich.

by | November 25, 2018 | 18:44

The UK is due to leave the European Union on March 29, 2019. German Chancellor Angela Merkel said her feelings were "ambivalent, with sadness but on the other hand also some kind of relief that we made it to this point". "The government of the United Kingdom has been completely firm in its resolve and in our support", Mr Picardo said. The British Prime Minister has now said that withdrawal issues with Gibraltar had been worked through in an "constructive and sensible way".

by | November 25, 2018 | 18:42

Styling-wise, the new Evoque is very much a case of evolution rather than revolution, Range Rover being unwilling to tinker too much with a winning formula. Amongst the tech highlights is "Ground View", which uses front mounted cameras to allow the driver to see under the bonnet, plus a ClearSight rear view mirror which uses a rear camera to give an unimpeded, wider view behind the vehicle at the touch of a button no matter how full the cargo space is.

by | November 21, 2018 | 19:44

According to a report by the Wall Street Journal on Monday, citing people with knowledge of the matter, production orders for all three models of iPhones, which Apple Inc unveiled in September, have been reduced by the tech company in recent weeks.

by | November 21, 2018 | 18:44

Both this TV and the 60in LG sold by Amazon were part of the retailers" Black Friday deals , although no "before' price was given. "To bag a bargain, do your research and don't get carried away by the hype when shopping in the upcoming sales".

by | November 21, 2018 | 15:13

Commodity Futures Trading Commission (CFTC) compiled by Bloomberg . Brent fell as much as 7.6%, or $5.08 a barrel, to hit $61.71, its lowest point in more than 11 months. Meanwhile, US President Donald Trump said Saudi Arabia has been "very responsive" to his requests to keep prices low, calling into question Opec's resolve to trim supply.

by | November 20, 2018 | 19:52

Ministers from the EU27 ministers will meet for the General Affairs Council in Brussels on Monday to discuss the draft Brexit agreement. I don't think that is realistic. Barclay, a Brexit-supporting junior health minister who has never served in the Cabinet before, is a loyalist who has not once voted against the government in parliament.

by | November 20, 2018 | 19:51

A press release by the prosecutor's office in Tokyo said Mr Ghosn and Mr Kelly collaborated to under-report Mr Ghosn's income as 4.99 billion yen even though it actually was nearly 10 billion yen, submitting falsified securities statements to the regional finance bureau.

by | November 20, 2018 | 19:06

In last one week, the crypto market has lost almost $60 billion of its valuations with Bitcoin and other altcoins taking a major hit. Ether's pain has been XRP's gain though, as the Ripple token has now climbed above it into second place in terms of market capitalization.

by | November 18, 2018 | 19:35

The e-commerce giant will start offering Black Friday deals this Friday, November 16, and they will last through next week, ending on Black Friday itself. Echo Dot (3rd generation) £24.99 at Amazon.co.uk (was £49.99 ) Just about 50% off this powerful little smart speaker makes for a pretty good deal in our books - this lightweight speaker packs all the intelligence of Amazon Alexa, far field voice recognition, and the ability to control your smart home, and order an Uber.

by | November 16, 2018 | 16:25

The Northern California fire that began a week earlier obliterated the town of Paradise and caused such carnage that searchers continued to pull bodies out of incinerated homes and cremated cars. One week after the fire started, firefighters reported progress in battling the 141,000-acre blaze that has displaced 52,000 people. Meanwhile, hundreds of fire refugees are living in tents and makeshift shelters.

by | November 15, 2018 | 08:22

Japan Display dropped 9.5 per cent, while Hon Hai Precision Industry Co. slipped to the lowest level in five years. On Wednesday, UBS cut its price target on Apple shares to $225 from $240, saying that Apple has likely taking around 6-7 million units out of its initial expectations for a build of around 63 million new iPhone models, split evenly between the XR and XS models.