Money

Money Oil Rebounds Though Outlook Remains Clouded by Oversupply
Author: 0 Oil Rebounds Though Outlook Remains Clouded by Oversupply

Energy services firm Baker Hughes said in its closely watched weekly drilling report on Friday that the US drill count fell in the week to December 6 - a seventh week of decline. The Organization of the Petroleum Exporting Countries , Russia and other producers, a group known as OPEC +, have since January 1 implemented a deal to cut output by 1.2 million bpd to support the market.

Money Saudi Aramco announces world's biggest ever IPO
Author: 0 Saudi Aramco announces world's biggest ever IPO

Trading of Aramco's shares is expected to begin next week pending an announcement by Riyadh's stock exchange. While it falls short of Saudi Crown Prince Mohammed bin Salman's hopes for a $2 trillion valuation, as it stands Aramco will be considered the world's most valuable company.

Money Does the Jobs Report Foreshadow a Year-End Rally?
Author: 0 Does the Jobs Report Foreshadow a Year-End Rally?

The largest increase in payrolls since January pushed job growth well above its monthly average of 180,000 this year. Some temporary factors could distort November's jobs data. Heading into President Trump's fourth year in office, the labor market remains one of the economy's biggest engines, and Trump regularly touts the low unemployment rate as one of his top achievements.

Money Hong Kong protesters wave Trump-Rocky photos at rally
Author: 0 Hong Kong protesters wave Trump-Rocky photos at rally

Protesters wear a mask featuring the face of former UK Consulate employee Simon Cheung during a petition protest outside the British Consulate General in Hong Kong on November 29, 2019 in Hong Kong , China. A local boys' band belted out songs to tell protesters that "the whole Hong Kong is supporting you". China is considering barring the drafters of the legislation, whose US Senate sponsor is Florida Republican Marco Rubio, from entering mainland China as well as Hong Kong and ...

Money Hong Kong police end 12-day siege on school campus
Author: 0 Hong Kong police end 12-day siege on school campus

The focus was on US-China trade developments after the United States backed anti-government protesters in Hong Kong , as well as domestic third-quarter gross domestic product numbers due on Tuesday. Hong Kong has faced nearly six months of intense political unrest over the growing influence of Beijing in the former British colony, meant to enjoy a "high degree of autonomy" under the terms of its 1997 handover to China.

Money Black Friday shoppers expected to drop record $7.5B online
Author: 0 Black Friday shoppers expected to drop record $7.5B online

Still, it expects online sales will reach $143.7 billion, up 14.1% from last year's holiday season. "I$3 t's clear that shoppers are devoting more time to shopping on Thanksgiving than ever", Vivek Pandya, Adobe's lead digital analyst, said in a statement .

Money Amazon releases preview of deals for Cyber Monday
Author: 0 Amazon releases preview of deals for Cyber Monday

In a new investigation, Which? tracked the prices of 83 products on sale on Black Friday in 2018 for a year, from six months before the retail bonanza until six months after. This list will have the deals that we've just spotted, so if you only have a few minutes of time to looks, this is where to begin. Don't always trust reviews you find online - Our recent investigation revealed how shoppers are being misled by unscrupulous sellers using fake online product reviews.

Money Honda City TVC: Check it out
Author: 0 Honda City TVC: Check it out

The styling is an adaptation of Honda's current family design and the sedan now gets more in line with its elder siblings Civic , Accord and also the younger sibling, the Honda Amaze. We can't wait to see the new City to come to India, though we reckon we'll have to wait until mid- or late-2020. The new model comes with significant updates across exterior and interior , compared to the current model on sale in India.

Money Instagram is now experimenting with removing 'likes' worldwide
Author: 0 Instagram is now experimenting with removing 'likes' worldwide

Similarly, other users who are in this test will not see the "likes" of your posts. As per the announcement, if you're in the test , you'll no longer be able to spot the total number of likes and views on the photos and videos that are posted to the Instagram Feed.

Money Vodafone threatens to quit India over tax demands
Author: 0 Vodafone threatens to quit India over tax demands

Vodafone Idea on Thursday reported the biggest quarterly loss in India's corporate history after making provisions for outstanding government dues. Thus the liabilities/provisions as at September 30, 2019 aggregate Rs 34,260 crore (comprising principal of Rs 8,747 crore, interest of Rs 15,446 crore, penalty of Rs 3,760 crore and interest on penalty of Rs 6,307 crore).

Money Merger talks raise fears for Vauxhall's Ellesmere Port plant
Author: 0 Merger talks raise fears for Vauxhall's Ellesmere Port plant

Fiat Chrysler has long signalled that it believes consolidation to be necessary in the vehicle industry , which is contending with trade war headwinds and the rise of the climate change movement. This merger comes several months after Fiat Chrysler proposed a 50-50 merger with its French rival Renault, but that fell through when French government representatives asked for the vote to be postponed.

Money US Fed cuts rates for third time this year
Author: 0 US Fed cuts rates for third time this year

Stocks are reaching fresh highs. It said business investments and exports have been weak lately but noted those declines have been offset by rising consumer spending. Paris was also dogged by heavy losses for French carmaker PSA, whose stock tanked another 13 percent as dealers remain unconvinced by a proposed mega-merger with Italy's Fiat Chrysler.

Author: 0 Fiat Chrysler in talks with France's PSA over tie-up

See, the word 'round the campfire is that FCA and PSA are seriously considering a " merger of equals" where the companies combine all stock. Peugeot Chief Executive Carlos Tavares has predicted "ten years of chaos" for global automakers as regulators demand a switch to electric vehicles to reduce emissions linked to climate change.

Money Assad: Syria Will Respond to Turkish Offensive
Author: 0 Assad: Syria Will Respond to Turkish Offensive

The deal appears to secure Turkey most of its military objectives and forces America's one-time Kurdish allies in the fight against ISIS to cede a vast swath of territory. A top aide to Erdogan, Ibrahim Kalin, met National Security Adviser Robert O'Brien on Wednesday and said he conveyed Turkey's position. After the Kurdish forces are cleared from the safe zone, Turkey has committed to a permanent ceasefire but is under no obligation to withdraw its troops.

Money US House passes bill aimed at supporting Hong Kong protests
Author: 0 US House passes bill aimed at supporting Hong Kong protests

Lawmakers also passed the Protect Hong Kong Act, H.R. 4270, which would halt the export to Hong Kong of crowd-control devices such as tear gas and rubber bullets. "She is not suitable to be chief executive". "I have said on many occasions that violence will not give us the solution". A similar bill has been introduced in the U.S.

Money Trump considers delisting China firms from USA markets
Author: 0 Trump considers delisting China firms from USA markets

Chinese companies listed in the US plummeted Friday on reports that the Trump administration is weighing curbs on new investment curbs on China. Even though "trade wars are good, and easy to win", according to President Trump in March 2018, the White House now feels the need to widen the struggle with China from a dispute about traded goods and intellectual property rights into a whole new arena involving potential capital controls.

Money McDonald's Is Testing Out Plant, Lettuce, Tomato Burgers! | Kari Steele
Author: 0 McDonald's Is Testing Out Plant, Lettuce, Tomato Burgers! | Kari Steele

The new burger comes as Macca's has been trialling an all-new McVeggie burger in South Australia . Plant-based fast food has been the latest craze as diners become more conscious of how their food is sourced and its impact on the environment, giving a big boost to Beyond Meat and Impossible Foods , two of the biggest players to launch faux meats.

Money Sensex closes 1,921 points higher, Nifty ends at 11,274
Author: 0 Sensex closes 1,921 points higher, Nifty ends at 11,274

The effective tax rate for such companies will be 17.16%. The government has given a major booster dose to the market by deciding not to levy the enhanced surcharge introduced in the budget on capital gains arising from the sale of equity shares in a company liable for a securities transaction tax.

Money Iran warns Trump about getting dragged into 'all-out war'
Author: 0 Iran warns Trump about getting dragged into 'all-out war'

The blast took place in the eastern Hadramawt province, far from the part of Yemen controlled by the Houthi rebels, and also wounded at least 13 soldiers, many of them Saudi. Pentagon spokesman Jonathan Hoffman said Thursday that the U.S. has a high level of confidence that officials will be able to accurately determine exactly who launched the attacks last weekend.

Money Deeply divided Fed policy panel may be reluctant to forecast further cuts
Author: 0 Deeply divided Fed policy panel may be reluctant to forecast further cuts

Another possible dissenter is St. Louis Fed President James Bullard, who may favor a half-point cut in the face of rising uncertainties. In its policy statement accompanying its rate cut, the Fed failed to indicate whether more rate cuts were likely this year, though it did leave the door open for additional rate cuts if the economy weakens.