Markets

Spring temperatures and spring rain return

Spring temperatures and spring rain return Today starts with plenty of sunshine, the clouds will roll in this afternoon. Friday will be mostly cloudy and windy, with rain showers and thunderstorms possible late Saturday into Sunday . Otherwise, cloudy, with a low around 35. Since the front is weak, only a few isolated showers or sprinkles are expected. Sunday will be cloudy and chilly with highs in the 40s at best. [Full Article...]

Brazil Overwhelms Uruguay 4×1 in World Cup Qualifying

Brazil Overwhelms Uruguay 4×1 in World Cup Qualifying Nine minutes in, Brazil's goalkeeper, Alisson Becker, took down Uruguay's star striker Edinson Cavani who had beaten the Brazilian keeper to a chested back-pass. Chile, on the other hand, is now tied for 5th (but in 6th due to goal difference), so La Roja will have to climb back up, starting on Tuesday at home versus bottom-dwelling Venezuela. [Full Article...]

NTUC FairPrice checking with poultry suppliers over Brazil's rotten meat scandal

NTUC FairPrice checking with poultry suppliers over Brazil's rotten meat scandal One of the world's leading producers, Brazil exports $12 billion of meat to about 150 countries. Brazil's president, Michel Temer, met with dozens of ambassadors from countries that import Brazilian meat on Sunday (19 March) to reassure them the country's beef was safe. [Full Article...]

Rotten beef sold by top companies in Brazil

Rotten beef sold by top companies in Brazil President Michel Temer was to hold crisis talks today with his cabinet and foreign ambassadors over allegations that corrupt Brazilian producers have been selling rotten meat around the world for years. Just three of those were shut down by the Ministry of Agriculture - one owned by BRF over salmonella in chicken, and two small further-processing plants owned by independent operators. [Full Article...]

Oil prices plummet amidst increasing U.S. drilling activity and steady OPEC supply

Saudi Arabia pledged to cut production to 10.058 million barrels a day under the deal. OPEC members are cutting production in an effort to drive up oil prices, but a robust US output has prevented any significant rally. Brent crude was down 29 cents per barrel on Monday, easing 0.56 percent to trade at $51.47 per barrel. United States drillers added 14 oil rigs in the week to last Friday, bri... [Full Article...]

Ontario man sought in murder of stepson

Ontario man sought in murder of stepson Catharines man in connection with a first-degree murder and an attempted murder on Friday. His mother, Whitney Dumas, wrote a note on Facebook Sunday: "Your kind words and well wishes and downpour of donations have been truly overwhelming. [Full Article...]

Syrian Rebels Leave Last Remaining Stronghold In Homs

Syrian Rebels Leave Last Remaining Stronghold In Homs The Homs Media Center, an activist group, is reporting that 2,000 residents, including 400 rebel fighters, have left Al-Waer and are heading to Jarablus in the Aleppo countryside. "It's because there is zero trust in Assad's government". How many people are leaving? The evacuation will take place over the coming weeks. [Full Article...]

Tesla raises $1.2 bln, tapping market again for funding

Tesla's shares were up 0.3 per cent at $262.71 in premarket trading on Friday. Musk has been borrowing hundreds of millions from Morgan Stanley and Goldman Sachs in order to participate in nearly all of Tesla's new capital raises and maintain his large stake in the company, which is now worth about $9 billion out of a total valuation of $42.5 billion. [Full Article...]

G20 finance ministers meet as America First casts pall

Attaching a separate document also would allow Germany to clarify its priorities and avoid them from being overshadowed by what could be a more heated debate on protectionism and currency policy. "We reaffirm our previous exchange rate commitments including that we will refrain from competitive devaluations and we will not target exchange rates for competitive purposes", it said. [Full Article...]

Modcloth To Be Bought By Walmart-Owned Jet.com, Report Says

Modcloth To Be Bought By Walmart-Owned Jet.com, Report Says After acquiring Jet.com back in the fall of a year ago, Wal-Mart and Jet.com are reportedly in the process of acquiring Modcloth, according to Anna Merlan from Jezebel . Jezebel then noted, "In the recording we heard, employees in the room can be heard laughing in what sounds like disbelief". ModCloth positions itself as a hip, quirky, independent retailer of "indie-inflected" clothes. [Full Article...]

Jet skiers' near-miss with 130000-tonne Carnival Magic cruise ship

Jet skiers' near-miss with 130000-tonne Carnival Magic cruise ship As Primmer approached, one of the jet skiers fell off the recreational watercraft and tried to get back on, at which point the Jet Ski overturned and both jet skiers ended up in the water, with the Carnival Magic fast approaching. "No, get in!" people are heard screaming on the video as the ship came within feet of the pair. Jeffrey Scott Ray, of Hendersonville, Tennessee, was charged with batte... [Full Article...]

Berlin ground staff strike, hundreds of flights cancelled

Due to a strike by the ground personnel at both Berlin airports, nearly all flights to and from Berlin have been cancelled. Ver.di argued that another walkout was necessary because employers hadn't reacted to the previous strike and made a new offer in their wage dispute. [Full Article...]

Indonesia c.bank seen holding key rate steady even if Fed raises

The price of oil has been slipping on concerns that supplies will outweigh demand. The latest CPI for February is expected to show inflation running even closer to 3 percent. What investors are likely more interested to hear is what Fed Chairwoman Janet L. Yellen says about the pace of future increases. "Also, we haven't seen any major increase in expectations for a June rate hike; the market is n... [Full Article...]

CRA online tax services offline over possible security risk

CRA online tax services offline over possible security risk A spokesman for the Canada Revenue Agency says the tax filing services were taken offline Friday as a precaution to project Canadians' tax information. In a statement late Sunday, the Canada Revenue Agency said the action was not the result of a successful hack or breach, adding that no personal data had been compromised. [Full Article...]

HSBC Appoints AIA Group Executive Mark Tucker As Chairman

HSBC Appoints AIA Group Executive Mark Tucker As Chairman The incoming chairman is now a non-executive director of Goldman Sachs and will stand down from that role before joining the board of HSBC . Bitcoin prices immediately dropped on the news before subsequently recovering. "He has been a highly successful CEO managing very large organisations in the insurance and asset management industries and gained valuable insight into investment banking as a ... [Full Article...]

Russian oil major says United States shale growth imperils OPEC deal

Russian oil major says United States shale growth imperils OPEC deal US crude fell in early Asia on Monday with the market poised for a busy week of central bank policy reviews and reports from the Organization of Petroleum Exporting Counties and the International Energy Agency on global supply and demand levels. [Full Article...]

Bus fleeing fatal accident strikes crowd, kills at least 30

Bus fleeing fatal accident strikes crowd, kills at least 30 The musicians were performing in a rara parade, a Haitian tradition popular in the days leading up to Easter, in which musicians and their audience fill the streets. The musicians were taking part in a rara parade, which involves playing traditional instruments and being joined by passers-by. It was not immediately clear what caused it to veer off course. [Full Article...]

USA mortgage activity rises to highest since December: MBA

USA mortgage activity rises to highest since December: MBA Mortgage rates have soared to their highest levels of the year. "The 10-year Treasury yield rose about 10 basis points this week", says Sean Becketti, chief economist for Freddie Mac . The shorter term 15 year loan interest rates are published at 3.710% yielding an April of 3.894%. 15-year FRM this week averaged 3.42 percent, with an average 0.5 point, up from last week when it averaged 3.32 ... [Full Article...]

Moon leads ahead of South Korea presidential vote

Moon leads ahead of South Korea presidential vote Park was impeached in December, 2016 on charges of receiving bribe from businesses and abusing her powers in a scheme with her longtime confidante Choi Soon-sil. Park and Choi deny any wrongdoing. His father was a menial worker at a prisoner-of-war camp in Geoje while his mother peddled eggs in the nearby port city of Busan, with the baby Moon strapped to her back, the politician wrote in his au... [Full Article...]

Marathon Oil Breaks Below 200-Day Moving Average - Notable for MRO

Marathon Oil Breaks Below 200-Day Moving Average - Notable for MRO Zweig DiMenna Associates LLC bought a new position in Marathon Petroleum Corporation during the third quarter worth approximately $219,000. Finally, Schwab Charles Investment Management Inc. The company also recently declared a quarterly dividend, which will be paid on Friday, March 10th. Stockholders of record on Thursday, February 16th will be given a $0.36 dividend. [Full Article...]


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