Markets

U.S. gains a robust 266,000 jobs; unemployment falls to 3.5%

U.S. gains a robust 266,000 jobs; unemployment falls to 3.5% On Wednesday ADP, the US's largest payroll provider, said the USA has added just 67,000 new jobs in November. She noted the region has seen some weakness in employment levels this year with roughly 14,000 jobs gone when comparing January to November. [Full Article...]

OPEC countries reach consensus on deal

OPEC countries reach consensus on deal The group made a decision to cut output by an extra 500,000 barrels a day as they try to support the price of energy and bolster their revenues. He said cuts would last through the first quarter of 2020, a shorter timeframe than suggested by some OPEC ministers, who have called for extending cuts until June or December 2020 amid fears of a slowing global economy. [Full Article...]

Uber's s Shares Tank As Company Reports 6,000 Sexual Assaults

Uber's s Shares Tank As Company Reports 6,000 Sexual Assaults According to the 84-page report , which was released on Thursday, a total of 5,981 reports of sexual assault were reported by Uber users in 2017 and 2018, with 464 reported instances of rape. The companies have made it more hard for people to impersonate drivers, tightened controls to detect convicted criminals and added a button to report a problem while driving - steps that a lawyer for 3... [Full Article...]

Treasury Yields Fall After Trump Says He May Delay Trade Deal

Treasury Yields Fall After Trump Says He May Delay Trade Deal Most Southeast Asian stock markets tracked a global downturn on Wednesday as the Trump administration dashed hopes of a quick preliminary deal to halt impending U.S. The pan-European STOXX 600 .STOXX was up 0.1%, mainly driven by utilities, healthcare and real estate shares. On Wall Street, futures for the Standard & Poor's 500 index and Dow Jones Industrial Average were 0.5% higher. [Full Article...]

OPEC+ expected to deepen output cuts to 1.5 million bpd - JPM

OPEC+ expected to deepen output cuts to 1.5 million bpd - JPM WTI and Brent crude oil futures are extending their gains after the EIA reported a 4.9 million barrel draw down. West Texas Intermediate for January delivery climbed 27 cents, or 0.5%, to $56.37 a barrel on the New York Mercantile Exchange as of 7:42 a.m.in London . [Full Article...]

Riot Games to pay $10 million in gender bias case

Riot Games to pay $10 million in gender bias case In a statement to the LA Times , Riot said: "We're pleased to have a proposed settlement to fully resolve the class action lawsuit". The proposed settlement will reportedly affect nearly 1,000 woman who worked at Riot Games from November 2014 until the date the settlement is finalise, with exact payouts being determined by length of employment and status as either a full-time or contract worker... [Full Article...]

France threatens retaliation if USA doubles Champagne price

France threatens retaliation if USA doubles Champagne price On Monday, US trade officials said that they had investigated the measure and found it was "unusually burdensome for affected US companies", according to a statement. The tax affects companies with at least 750 million euros ($830 million) in annual global revenue on their digital activities. French cheese producers expressed concern that the threatened new tariffs would hit small businesses h... [Full Article...]

Hong Kong police withdraw from university after seizing weapons

Hong Kong police withdraw from university after seizing weapons China denies interfering, and says it is committed to the "one country, two systems" formula put in place at that time. The territory's Beijing-backed leaders have offered few concessions and police have cracked down hard on protesters in increasingly violent confrontations. [Full Article...]

Companies excite Kenyans with Black Friday deals

Companies excite Kenyans with Black Friday deals Check the sales pamphlets of various stores, use price-comparison sites online, and make sure you are actually getting a great deal. The organization predicted about 113 million Americans would shop in store or online today - the most of any day between Thanksgiving and Cyber Monday. [Full Article...]

China furious as Trump signs Hong Kong bills

China furious as Trump signs Hong Kong bills Mr Trump said he signed the law "out of respect for President Xi [Jinping], China , and the people of Hong Kong ". "Trump had to sign this bill given the overwhelming support from Congress", said Nader Naeimi, head of dynamic markets at AMP Capital Investors Ltd. [Full Article...]

Google fires four employee activists for allegedly 'violating' company policies

Google fires four employee activists for allegedly 'violating' company policies The firing comes as Google seeks to more tightly control information disseminated within and outside of the company. In recent weeks, some workers have cited management moves - such as implementing a tracking tool on employee's web browsers and hiring a consulting firm known for anti-union work - as attempts to curb activism. [Full Article...]

Westpac Bank chief resigns over $7 billion money-laundering scandal

Westpac Bank chief resigns over $7 billion money-laundering scandal Chief Financial Officer Peter King , who announced his retirement in September, will now take over as acting CEO of Australia's oldest bank, effective December 2. Prime Minister Scott Morrison was among those calling for the bank's board to consider the future of its executives, but chairman Lindsay Maxsted had said over the weekend that a change at the top would be destabilizing for the bank... [Full Article...]

India bound next-gen Honda City unveiled

India bound next-gen Honda City unveiled Thai-spec model will only have one engine and transmission option. India will have to wait until the second half of next year to get a launch . While the fifth-gen model still looks decidedly like a City from the sides, it's the front & rear profiles of the vehicle that have received a major makeover. [Full Article...]

China issues warning over Hong Kong after election blow

China issues warning over Hong Kong after election blow Any attempt to mess up Hong Kong, or even damage its prosperity and stability, will not succeed . But it does not mean Beijing - which blames foreign powers for fomenting the unrest in the former British colony, which was returned to China in 1997 - will budge on the demonstrators' demands, he added. [Full Article...]

Elon Musk hints that Tesla has 200,000 Cybertruck orders

Elon Musk hints that Tesla has 200,000 Cybertruck orders All-electric designs have helped every Tesla vehicle stand out from its competition, but Tesla's Cybertruck is unconventional even by Tesla's standards. On Thursday, as part of a laser-filled reveal that didn't always go to plan , Tesla CEO Elon Musk went out of his way to take shots at Ford and other automakers. [Full Article...]

FCC Blocks Huawei, ZTE From Billions In US Federal Subsidy Dollars

FCC Blocks Huawei, ZTE From Billions In US Federal Subsidy Dollars There is concern that the Chinese government could hack into USA networks if Huawei and ZTE gear were used as a backbone of major communication networks. The Federal Communications Commission (FCC) on Friday voted unanimously to ban US -based telecom providers from using an $85 billion government subsidy program, the Universal Service Fund (USF) to buy equipment or services from the two Chines... [Full Article...]

OECD warns global growth ‘weakest since financial crisis’

OECD warns global growth ‘weakest since financial crisis’ It expanded 3.5 percent in 2018. "Things are not really moving", said Laurence Boone , the OECD's chief economist. In 2021, the OECD, which groups the world's wealthiest nations, sees global economic growth edging back up to 3.0 per cent, according to its November 2019 Economic Outlook . [Full Article...]

Wall Street muted on doubts over progress in US-China trade deal

Wall Street muted on doubts over progress in US-China trade deal Chairman of the Hong Kong Association of China Business Wong Ping also said US enterprises will lose their most important and freest base in the Asia-Pacific if Hong Kong was rescinded its status as a separate customs territory because of the bill. [Full Article...]

Brockville Rona to close

Brockville Rona to close Lowe's Canada will be closing 34 "underperforming" stores in 2020. North Carolina-based Lowe's bought Rona in 2016 in a deal valued at $3.2 billion. Quebec and Ontario lead the back with 12 and nine stores closing in the provinces respectively. Stores will close on either January 31, 2020 or February 19, 2020. [Full Article...]

Vegan sues Burger King, claiming Impossible Whoppers are contaminated by meat

Vegan sues Burger King, claiming Impossible Whoppers are contaminated by meat The suit was launched by Phillip Williams over allegations that the restaurant's cooking methods use the same equipment to cook the vegetarian burger that is used for the meat-based burgers. The announcement sparked outrage online, with would-be patrons voicing disgust that their meat-free food would be coming into contact with residuals of meat. [Full Article...]


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