Money

Money As HP Inc reports strong Q4, Autonomy founder is charged in US
Author: 0 As HP Inc reports strong Q4, Autonomy founder is charged in US

The FRC pointed the finger at former finance chief Sushovan Hussain , who was convicted of fraud in the U.S. earlier this year, and Chamberlain. In 2011, when Autonomy was sold to Hewlett-Packard, it was based in Cambridge and San Francisco and specialised in analysis of large scale unstructured big data.

Money Russia Ready To Reduce Output, Oil Price Bounces Back
Author: 0 Russia Ready To Reduce Output, Oil Price Bounces Back

The two benchmarks, North Sea Brent and U.S. crude, still have had their weakest month in more than 10 years in November, losing more than 20 percent as global supply has outstripped demand. CME Group's OPEC Watch Tool pegs the probability of a “small production cut” at 52%, with expectations for “little or no change” at almost 48%. American drillers pumped 11.475 million barrels a day, the U.S.

Money Trump can not fire Fed Chairman Powell: Morgan Stanley
Author: 0 Trump can not fire Fed Chairman Powell: Morgan Stanley

But the path after that is clouded after Chairman Jerome Powell said Wednesday rates are "just below" estimates of the so-called neutral level, which markets took to mean a softer stance than previous comments. A footnote pointed out the Fed's staff assessed financial stability vulnerabilities as moderate as well. Meanwhile "the unsettled state of trade negotiations, Brexit negotiations, budget discussions between Italy and the European Union, and cyber-related disruptions" all remain ...

Money Mayweather, DJ Khaled settle over digital coin promotions
Author: 0 Mayweather, DJ Khaled settle over digital coin promotions

DJ Khaled was paid $50,000 to promote the same digital coin, known as Centra, according to the Securities and Exchange Commission . In April 2018, co-founders of Centra Tech , Sohrab "Sam" Sharma and Robert Farkas, were accused of securities fraud and illegally crowdfunding their venture by raising $32 million, helped by two mentioned celebrities.

Money Police spend second day searching Deutsche Bank headquarters
Author: 0 Police spend second day searching Deutsche Bank headquarters

The raid was a new blow to the financial institution that has been hammered by a string of scandals linked to its pre-2008 crisis attempts to compete with Wall Street investment banking giants. Deutsche Bank has been under pressure after annual losses, and it agreed to pay a $7.2 billion settlement with USA authorities a year ago over its sale of toxic mortgage securities in the run-up to the 2008 financial crisis.

Money U.S., China reach 90-day ceasefire on tariffs in trade dispute
Author: 0 U.S., China reach 90-day ceasefire on tariffs in trade dispute

The attendees of the dinner on the USA side included: Secretary of State Mike Pompeo, Treasury Secretary Steven Mnuchin, Chief of Staff John Kelly, United States Trade Representative Ambassador Robert Lighthizer, National Security Adviser Ambassador John Bolton, Assistant to the President and Senior Advisor Jared Kushner, Assistant to the President for Trade and Manufacturing Policy Peter Navarro, Deputy Assistant to the President for Asian Affairs Matthew Pottinger, as well as two ...

Money Fed likely to raise rates in December but concerns mounting: minutes
Author: 0 Fed likely to raise rates in December but concerns mounting: minutes

The S&P 500 index rose 61.61 points at 2,743.78, while the Nasdaq composite was up nearly three per cent or 208.89 points to 7,291.59. Investors have been bracing for higher interest rates in the face of possible inflation stemming in part from Trump's trade wars as well as the tax cuts he pushed through Congress late a year ago.

Money Nissan debuts scorching new Leaf Nismo RC race vehicle
Author: 0 Nissan debuts scorching new Leaf Nismo RC race vehicle

The vehicle, which was developed by Nissan's racing arm, NISMO, with its race technology know-how, will officially debut on 2 December at the annual NISMO Festival at Fuji International Speedway, appearing alongside Nissan's new Formula E electric race auto.

Money Trump threatens fresh tariffs in wake of GM plant closures
Author: 0 Trump threatens fresh tariffs in wake of GM plant closures

Meanwhile, U.S. Trade Representative Robert Lighthizer said Wednesday that Trump had to look at how to increase tariffs on Chinese vehicle imports from 27.5% to 40%, to bring them in line with the tariffs China levies on U.S. The Trump administration ordered a review of the retaliatory auto tariffs enacted by China and singled out General Motors suggesting they could have prevented the layoffs and plant closures by following the businesses practices of other vehicle companies.

Money President Trump signs NAFTA replacement deal ahead of G20 summit
Author: 0 President Trump signs NAFTA replacement deal ahead of G20 summit

But the agreement still needs approval by Congress and could run into trouble, including careful scrutiny by the new Democrat majority in the House. "We've taken a lot of barbs and a little abuse and we got there". A "North America free trade agreement" was often referred to in coverage in both Canada and the US well ahead of the October 1992 ceremony in San Antonio, Texas, in which Mexico signed on.

Money Fed says another rate hike is expected 'fairly soon'
Author: 0 Fed says another rate hike is expected 'fairly soon'

While the speech had "cleaned up after Powell's sloppy language last month", markets may have reacted too strongly to the comments, said Ed Al-Hussainy, senior rates analyst at Columbia Threadneedle Investments. Earlier in November, Powell was optimistic about the state of the economy, citing strong annual economic growth exceeding 3 percent and unemployment at a near five-decade low of 3.7 percent.

Author: 0 Fed minutes: Further hike "warranted soon", debate opened on pause

The Fed held rates steady at its November meeting, and made no mention in its statement after that session about the sharp sell-off in equity markets in the weeks before it. Even before the speech, investors had grown skeptical that Fed officials will reach their own median projection for three hikes in 2019 against a backdrop of slowing growth and uncertainty over the U.S.'s ongoing trade dispute with China.

Author: 0 Trump signs new trade deal with Canada and Mexico

Posing for photos in the gilded Salón Blanco, Trump spoke about their longtime personal relationship and said they would discuss trade, military purchases and other issues. Trump also repeated vows to kill NAFTA and replace it with a better deal during his campaign rallies across the industrial Midwest in 2016. After the signing, USA trade chief Robert Lighthizer told reporters that negotiations are ongoing but that they see the tariffs as successful policy, CBC reported .

Money North Van District, West Vancouver rental vacancy rates ease, but rents rise
Author: 0 North Van District, West Vancouver rental vacancy rates ease, but rents rise

For comparison, Canada's national vacancy rate stands at 2.4%, a decline from the 3.0% vacancy rate in 2017, and below the 10-year average. "The apartment vacancy rate in Metro Vancouver remained low at one per cent, but we did note it edged higher as supply increased more than demand over the past year".

Money USMCA: Trump Signs New Trade Agreement With Mexico And Canada
Author: 0 USMCA: Trump Signs New Trade Agreement With Mexico And Canada

Trump called the USMCA "probably the largest trade deal in history" and said it was "an fantastic deal for our farmers". The new agreement has received a mixed reaction from United States lawmakers. "A vast number of technical details need to be scrubbed and wrapped up", she added. "The fact that this is an agreement in three languages adds to the level of technical complexity, and it is on that level that we're just being sure that all the Is are dotted and all the Ts are crossed".

Money U.S. Trade Deficit Rises Despite Trump’s Tariffs
Author: 0 U.S. Trade Deficit Rises Despite Trump’s Tariffs

Earlier this month, Xi and Trump discussed the US-China trade conflict during a phone conversation that Trump called "very good". Mr Morrison said the danger to the world economy should be taken seriously. "But a good deal means both sides walking away happy". The Kremlin's spokesman Dmitry Peskov said Moscow regrets the decision of the U.S. administration to cancel the planned meeting because it delays the discussion of pressing global and bilateral issues for an uncertain period of time.

Money Russia: Production Cuts Are Needed To Stabilize Oil Markets
Author: 0 Russia: Production Cuts Are Needed To Stabilize Oil Markets

US crude stockpiles rose last week, the American Petroleum Institute (API) industry group said on Tuesday. The price of Brent has slumped by more than 30 percent from a four-year high above $86 in early October, pressured by concerns that supply will exceed demand in 2019 as economic growth slows.

Money Trump Renews Threat To Impose Tariffs On Imported Cars
Author: 0 Trump Renews Threat To Impose Tariffs On Imported Cars

In any case, it is unlikely the president would be able to bar just GM from receiving that subsidy - and removing it from all automakers would require congressional approval, as reported by Vox . Trump ran on a promise to bring back factory jobs, and blue-collar voters in this otherwise Democratic stronghold in northeastern OH embraced him. The earlier rally was linked to Chief Executive Officer Mary Barra's plan to bolster cash flow by canceling production at five plants in the US and ...

Money Federal Reserve appears more cautious on interest rate hikes next year
Author: 0 Federal Reserve appears more cautious on interest rate hikes next year

The Fed members' comments initially appeared to comfort investors. That is not what he said . United States stock markets jumped following the comments, as investors interpreted them to mean the central bank was close to the end of its tightening cycle, which has seen eight rate increases since December 2015 following the global financial crisis.

Money 'There is Long Way to Go' on China Tariffs
Author: 0 'There is Long Way to Go' on China Tariffs

The negotiations are "very, very hard", the official told Reuters. Trump heads to Buenos Aires on Thursday for a Group of 20 summit that is confronted with increasingly dire warnings, by the International Monetary Fund among others, of the potential harm faced by the world economy from the president's trade wars.

Money Luckie: 'Facebook has a black people problem'
Author: 0 Luckie: 'Facebook has a black people problem'

Luckie said he also heard stories from other black employees of being "aggressively accosted by campus security beyond what was necessary". He said that despite African Americans being one of the platforms most engaged demographics, with 63 per cent using Facebook to communicate with family and 60 per cent using the platform to communicate with friends at least once a day, compared to 53 per cent and 54 per cent of the total population respectively, their efforts to create safe spaces on the ...

Money Microsoft has caught up to Apple in market value
Author: 0 Microsoft has caught up to Apple in market value

Apple's market cap ultimately regained its No. 1 rank, closing at $828.64 billion as of 4:05 p.m.in NY, while Microsoft's stood at $822.90 billion after the two spent much of Monday afternoon jockeying for the top seat. Apple has gotten mauled since early October, as the tech sell-off and fears of slowing demand for its iPhones weighed. Last month, however, Apple's stock tumbled on a disappointing outlook for the holiday season this quarter.

Money Audi e-tron GT concept previews sleek electric sedan
Author: 0 Audi e-tron GT concept previews sleek electric sedan

It has a 114-inch wheelbase, and stands 195.6 inches long, 76.8 inches wide and 54.0 inches tall. Beyond the classic gran turismo proportions, the concept features a sloping roofline that gently leads into the sportback rear. There are no animal products on board - get excited, wealthy vegans. In fact, a majority of the materials used are Earth-friendly, including the synthetic leather for the seats and trim; fabrics made from recycled fibres; microfibre headliner; and carpets that are made ...

Money Deutsche Bank Raided by Police in Money-Laundering Probe
Author: 0 Deutsche Bank Raided by Police in Money-Laundering Probe

The Panama Papers scandal that erupted in 2016 with a massive data leak from Panamaian legal firm Mossack Fonsenca exposed large-scale tax avoidance, laying bare how the world's wealthy and powerful stashed their assets in offshore businesses.

Money Nasdaq Reportedly Looking into Bitcoin Futures Despite Plunging Prices
Author: 0 Nasdaq Reportedly Looking into Bitcoin Futures Despite Plunging Prices

Bakkt , a spin-off of the Intercontinental Exchange (ICE ), which was initially announced in August as a "global platform and ecosystem for digital assets", had initially been targeting the start of trading of bitcoin futures in November 2018 but recently delayed that projection to late January 2019 .

Money Sterling Spikes as Bank of England’s Carney Calms Brexit Nerves
Author: 0 Sterling Spikes as Bank of England’s Carney Calms Brexit Nerves

In the event of a disorderly no deal, no transition Brexit, Britain's GDP could fall by 8%, according to a worst case scenario analysis by the Bank. The analysis does not specifically forecast the impact of Mrs May's deal but it compared the likely impact of the proposals set out in the Government's White Paper with the alternative scenarios.

Money Workers return to GM's Canada plant; union to meet Trudeau
Author: 0 Workers return to GM's Canada plant; union to meet Trudeau

UNIFOR, who represent thousands of GM workers, has promised to fight the closure. Unifor national president Jerry Dias said in April that the Oshawa complex was headed for closure in June of this year. Production at the plant began on November 7, 1953, and in the 1980s the plant employed roughly 23,000 people. The Oshawa operation became a Donald Trump talking point during Canada-U.S.

Money Bitcoin price (BTC/USD) hits new 2018 low amid new crypto sell-off
Author: 0 Bitcoin price (BTC/USD) hits new 2018 low amid new crypto sell-off

Bitcoin (BTC ) dropped to its lowest level since October 2017 on Monday , as losses are seen across the broader crypto market. When an overwhelming number of cryptocurrency investors thought it couldn't get any worse, it did. When one cryptocurrency falls, others tend to fall as well. The second and third largest cryptocurrencies , XRP and ether, were trading at $0.4451 and $133 respectively on the Luxembourg-based Bitstamp exchange.

Money Oil markets cautious after recent battering, eye G20 and OPEC meetings
Author: 0 Oil markets cautious after recent battering, eye G20 and OPEC meetings

According to analysts from TDS, crude oil has joined industrial metals in reflecting a micro-macro dichotomy, as sour market sentiment keep prices below fundamentally determined levels. "Traders appear to construe that anything which damages Saudi Arabia's ability to help limit Iran's oil production and sales as being bearish for oil prices", CME group said in a note.

Money Market to parse Powell words for clues to Fed's future hikes
Author: 0 Market to parse Powell words for clues to Fed's future hikes

By saying rates were slightly lower than the level he perceives as "neutral, " Powell's statement appears to be suggesting at least one more interest rate increase is coming in the near future. "As you pump up the interest rates, more and more people are carrying enormous servicing costs which they can't maintain, credit growth will stagnate, and the economy will go into a recession again".