Business

Business China's yuan strengthens after signing of Phase 1 trade deal
Author: 0 China's yuan strengthens after signing of Phase 1 trade deal

Based on White House estimates , China will buy $35 billion in services, $53 billion in energy, $80 billion in manufactured goods and $32 billion in agricultural exports. The signing came hours after Democrats named the team that will prosecute Trump in an impeachment trial that starts early next week. Till now China has never imported more than $26 billion of farm products in a year.

Business US Slaps New Sanctions on Iran after Missile Strikes
Author: 0 US Slaps New Sanctions on Iran after Missile Strikes

The president, in a statement announcing the new measures , referenced Iran's nuclear program and use of proxy forces throughout the region while noting that the Iranians have threatened United States service members, diplomats and civilians - an apparent reference to his administration's justification for killing General Qassem Soleimani in a drone strike last week in Baghdad.

Business Fugitive Carlos Ghosn’s escape from Japan remains a mystery as investigation continues
Author: 0 Fugitive Carlos Ghosn’s escape from Japan remains a mystery as investigation continues

The Wall Street Journal has reported that Ghosn was loaded onto the flight from Osaka in a large case for audio equipment, which was later found at the back of the cabin. "It was easy for him to flee", the statement said. But the Turkish airline MNG Jet has said that two of its planes were used illegally , first flying from Osaka, Japan, to Istanbul , and then to Beirut, where it arrived last Monday and has not been seen since.

Author: 0 Fury as thousands mourn Iran commander

Trump, speaking from his Mar-a-Lago resort in Florida, said Soleimani was "terminated" when he was on the verge of attacking USA diplomats but he insisted that Washington is not seeking to topple Iran's government. Dressed in black, they waved white Hashed flags and massive portraits of Iranian and Iraqi leaders, furiously calling for "revenge". The U.S. has also blamed Iran for a wave of increasingly provocative attacks in the region, including the sabotage of oil tankers in the Persian ...

Business Here's what happened to the stock market on Thursday
Author: 0 Here's what happened to the stock market on Thursday

The US stock market ended the year 2019 with a spike and various industries registered modest gains on the last day of 2019. In 2019, the current bull run in USA stocks became the longest one on record as trade optimism, dovish monetary policy and an improving economic outlook fueled sharp gains.

Business National living wage to rise by 6.2% in April
Author: 0 National living wage to rise by 6.2% in April

Scottish Government Fair Work Minister Jamie Hepburn said he welcomed any increase to workers' hourly rate of pay, he said the announcement did "not go far enough". In September, the Chancellor , Sajid Javid, had set a new target for the NLW, calling for it to rise to two-thirds of the median United Kingdom wage, or roughly £10.5 an hour, provided economic conditions allowed that.

Business Oil posts longest run of weekly gains since April on crude draw
Author: 0 Oil posts longest run of weekly gains since April on crude draw

The backdrop: OPEC and other top producing nations led by Russian Federation agreed this month to extend and deepen output cuts in the first quarter of 2020. -China trade deal agreed to this month. Bulls are content with the fact that there is a pact to curb global output by OPEC and its allies may be eased while Kuwait and Saudi Arabia appeared close to a resolution on disputed territory.

Business Trump's Christmas Eve admission: No gift yet for Melania
Author: 0 Trump's Christmas Eve admission: No gift yet for Melania

We send our best wishes for a merry Christmas and a happy and prosperous New Year . After his call with service members, President Trump and first lady Melania Trump attended a Christmas Eve church service in Florida before celebrating the holiday with dinner at his private club.

Business Colorado's Unemployment Rate Is The 5th-Lowest In The US
Author: 0 Colorado's Unemployment Rate Is The 5th-Lowest In The US

People receiving unemployment benefits rose to 293,595 in November from 260,709 in October. In a separate federal survey of business establishments that excludes jobs in agriculture and people who are self-employed, Kentucky's seasonally adjusted nonfarm employment decreased by 2,300 jobs in November 2019 compared to October 2019.

Business Half a million Whirlpool washing machines recalled in UK
Author: 0 Half a million Whirlpool washing machines recalled in UK

A Whirlpool's Hotpoint washing machine model, which is about to be recalled together with the Indesit model. Whirlpool has advised customers to unplug their machines and stop using them. Whirlpool said it was working at "full speed" begin the recall in early January. She first bought her machine six years ago and purchased one of the models now urgently being recalled.

Business Boeing to halt 737 production following fatal crashes
Author: 0 Boeing to halt 737 production following fatal crashes

An Ireland-based plane lessor sued Boeing Co on Tuesday for breaching a contract for 22 of the USA planemaker's 737 MAX aircraft and sought a compensation of $185 million. Breitbart News reported in May that Boeing offered a crucial safety warning light as an "add-on" for the 737 Max fleet. For now, the suspension is indefinite.

Business Phase one of US-China trade deal to repeal certain tariffs
Author: 0 Phase one of US-China trade deal to repeal certain tariffs

Trump tweeted that Beijing "agreed to many structural changes and massive purchases of Agricultural Product, Energy, and Manufactured Goods, plus much more". He said while the Americans are happy, "we did not cheer" the new agreement. He suggested that China might have to buy more soybeans than it needs to meet the terms of the agreement.

Business United States reaches 'deal in principle' with China on trade
Author: 0 United States reaches 'deal in principle' with China on trade

The Phase One agreement would call for the U.S.to reduce rates by as much as half on tariffs already in place on Chinese imports and to forgo tariffs scheduled to take effect on $160 billion worth of consumer products, such as smartphones, on Sunday, according to published reports.

Business Surprise rise in USA crude stocks nudges oil prices down
Author: 0 Surprise rise in USA crude stocks nudges oil prices down

Meanwhile, followed by release of Wednesday's (December 11th) EIA report, the Energy Information Administration was also quoted saying that the U.S. crude inventories stood at least five per cent higher than a five-year average for this time of the year.

Business Saudi Aramco considers pricing at top to become worlds biggest IPO
Author: 0 Saudi Aramco considers pricing at top to become worlds biggest IPO

Even at a $1.7 trillion valuations, worldwide institutions baulked, prompting Aramco to scrap roadshows in NY and London and focus instead on marketing a 1.5 per cent stake to Saudi investors and wealthy Gulf Arab allies. As Bloomberg Businessweek Economics Editor Peter Coy wrote: 'Saudi Aramco wanted to sell a lot of shares at a high price, but the smart money showed no interest.

Business Uber reveals thousands of reported sexual assaults in US
Author: 0 Uber reveals thousands of reported sexual assaults in US

It said it received 235 reports of "non-consensual sexual penetration" a year ago and 280 of "attempted non-consensual sexual penetration" - almost all filed by women. Uber's VP and global head of community operations Troy Stevenson also disclosed last month that his company focused too heavily on adding people to its platform, rather than investing in a long-term business model.

Business China angry as Trump backs Hong Kong bills
Author: 0 China angry as Trump backs Hong Kong bills

The crisis in Hong Kong worsened with a more violent turn that forced schools and commercial establishments to close for several days, paralyzed transport and left one person dead. Separately, the newspaper said a Taiwanese man, Lee Meng-Chu, was arrested by police in nearby Shenzhen on October 31, for allegedly stealing state secrets for foreign forces after he made a trip to Hong Kong in August to support "anti-China" activities.

Business Residents, police clash in southern China
Author: 0 Residents, police clash in southern China

Especially after pro-democracy parties scored a landslide victory in Sunday's district council elections in Hong Kong , criticism against China's Communist Party has grown across the globe, making it " more hard for Japan to welcome Xi", the source said.

Business Holiday shopping set to top $730 billion
Author: 0 Holiday shopping set to top $730 billion

The National Retail Federation estimates holiday retail sales in the United States in November and December will rake in as much as $730.7 billion, a 4.2% increase from a year ago. It has also been used by U.S. police, a result of the large unruly crowds and congested traffic experienced on the day. "It's our bonding time", Berry said.

Business Black Friday ‘all hype’ with ‘few genuine discounts’
Author: 0 Black Friday ‘all hype’ with ‘few genuine discounts’

To fully capitalize on this day, retailers offer an abundance of deals and specials, hoping to kick off the holiday shopping season with a good start. On Thanksgiving Day, all Walgreens locations will be open their regular hours. Unlocked iPhone smartphones are also available from network providers and retail giants Walmart and Amazon .

Business Westpac's CEO resigns, chairman hastens retirement on scandal
Author: 0 Westpac's CEO resigns, chairman hastens retirement on scandal

The nation's financial crime regulator, Australian Transaction Reports and Analysis Centre, is pursuing Westpac in the Federal Court of Australia for allegedly failing to report millions of global fund transfers, including payments allegedly linked to child exploitation in Southeast Asia.

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