Markets

Chinese companies buy more than $180 million worth of U.S. soybeans

Chinese companies buy more than $180 million worth of U.S. soybeans China on Wednesday bought at least 500,000 tonnes of U.S. soybeans in its first major purchase of the oilseed since U.S. President Donald Trump and his Chinese counterpart Xi Jinping struck a trade war truce earlier this month, traders said. [Full Article...]

Massive federal farm bill has backing of Arizona Farm Bureau

Massive federal farm bill has backing of Arizona Farm Bureau He led the Senate in approving the farm bill 87-13 Tuesday. The compromise bill - released Monday - does not include the strict work requirements for food stamps passed under the House bill earlier this year. And for the first time in decades, it allows United States farmers to produce industrial hemp, a non-hallucinatory version of marijuana. It sets the course for a big swath of the country's ... [Full Article...]

OPEC's Deal To Slash Oil Production Gets Support From Azerbaijan's Government

OPEC's Deal To Slash Oil Production Gets Support From Azerbaijan's Government In a monthly report, the Organization of the Petroleum Exporting Countries said 2019 demand for its crude would fall to 31.44 million barrels per day, 100,000 bpd less than predicted last month and 1.53 million less than it now produces. [Full Article...]

OPEC, Other Major Oil Producers Agree to Cut Global Oil Production

OPEC, Other Major Oil Producers Agree to Cut Global Oil Production The oil market reacted negatively to OPEC's setback, with Brent crude sliding 2.4 percent to $60.06 a barrel in London on Thursday. Prices on Friday settled below the session's highs. That was in line with the Saudi minister's preference for a moderate reduction that wouldn't "shock the market". The one in 1979 caused oil prices to double. [Full Article...]

China Warns Of 'Grave Consequences' Over Arrest Of Huawei Executive

China Warns Of 'Grave Consequences' Over Arrest Of Huawei Executive Meng said in the sworn affidavit she was taken to a hospital for treatment for hypertension after being detained. Meng Wanzhou was arrested at Vancouver airport as she changed planes on December 1, accused of violating American sanctions against Iran . [Full Article...]

Tesla CEO says company could purchase some shuttered GM plants

Tesla CEO says company could purchase some shuttered GM plants The company named Robyn Denholm, who was already on the board, as chairwoman. ELON MUSK: I want to be clear. But Musk said "it's not realistic" to expect Denholm to watch over his actions because he remains the electric vehicle company's largest shareholder. [Full Article...]

Uber files for $76 bln initial public offering

Uber files for $76 bln initial public offering Public market investors' appetitive for ride-hailing business will be tested by Lyft and Uber IPOs. Mr. Hudson said the ride-hailing companies' IPO plans also will put more pressure on other tech startups to go public, with employees and private shareholders seeking liquidity that comes with listing in the public markets. [Full Article...]

November Jobs Report: 155,000 Jobs Added, Unemployment Steady At 3.7 Percent

November Jobs Report: 155,000 Jobs Added, Unemployment Steady At 3.7 Percent November's report showed the unemployment rate unchanged, at 3.7 percent, the lowest in nearly 50 years, and wage growth ticked up to 3.1 percent - partly due to an increase in minimum wage by retail giant Amazon - matching the heady gain in October, which saw wage gains spike at the fastest pace since 2009. [Full Article...]

Altria, Marlboro maker, takes big stake in marijuana company Cronos

Altria, Marlboro maker, takes big stake in marijuana company Cronos Investors, meanwhile, have been pouring money into cannabis companies that operate in multiple US states, pivoting away from Canada. It also weighed making investments in other growers, such as Aphria and CannTrust Holdings Inc., according to sources familiar with the matter who were granted anonymity because the talks were private. [Full Article...]

White House knew in advance about Huawei arrest

White House knew in advance about Huawei arrest In the Beijing News , a columnist suggested the "Five Eyes" security alliance of the US, Canada , Australia, New Zealand and Britain were behind the arrest which was the latest step in a plan to contain Huawei . But "one thing that is undoubtedly true and proven is the USA is trying to do whatever it can to contain Huawei's expansion in the world, simply because the company is the point man... [Full Article...]

Oil slides as Opec fails to agree on curbs

Oil slides as Opec fails to agree on curbs The oil cartel had been expected to sign off on cuts to stem a plunge in oil prices at a meeting on Thursday, but it broke up without an accord. Opec, the Organisation of Petroleum Exporting Countries, was founded in 1960 and has 15... Led by Saudi Arabia, OPEC's crude oil production PRODN-TOTAL has risen by 4.1 percent since mid-2018, to 33.31 million bpd. OPEC is seeking support from non-O... [Full Article...]

Lifeline for May as MPs table amendment giving Commons backstop trigger role

Lifeline for May as MPs table amendment giving Commons backstop trigger role Britain's Finance Minister Philip Hammond concurred, saying it is a delusion to think that the government will be able to negotiate a new divorce deal if May's agreement is defeated in a vote in Parliament next week. In response, the government was due to publish it on Wednesday, after ministers agreed to release the advice in full. But the defeat demonstrated the fragility of May's government... [Full Article...]

Qatar takes a swipe at Riyadh on leaving Opec

Qatar takes a swipe at Riyadh on leaving Opec Mr al-Kaabi said Qatar was planning to ramp up its LNG operations as demand grows thanks to its less harmful environmental impact when compared to oil. Saad al-Kaabi, the country's energy affairs minister, announced that the country would end its 57-year membership in the cartel because it wanted to develop its liquefied natural gas (LNG). [Full Article...]

President H.W. Bush to lie in state in Washington, D.C.

President H.W. Bush to lie in state in Washington, D.C. Capitol as the casket of former President George H.W. Bush arrives. "He added: "A handsome day In Texas - 'ceiling and visibility unlimited, ' Mr. President". Bush , who would become the nation's 43rd president in 2000. KTRK-TV in Houston reports that Sully will return to America's VetDogs in NY and then join the Walter Reed National Military Medical Center's Facility Dog Program. [Full Article...]

G20 leaders agree on summit statement that's tough on trade

G20 leaders agree on summit statement that's tough on trade The US and China have been locked in a dispute over their trade imbalance and Beijing's push to challenge US technological dominance. President Trump left the G-20 summit in Argentina with an agreement not to raise tariffs in the next 90 days on Chinese goods, the White House said. [Full Article...]

Crouching Tiger star Zhang Ziyi boycotts Dolce & Gabbana

Crouching Tiger star Zhang Ziyi boycotts Dolce & Gabbana His company is now suffering that same fate, with online platforms promptly removing its products and upscale Hong Kong store Lane Crawford following suit in its shops. "It's not convincing enough to shift the blame to hacking", said a public relations specialist who requested anonymity. We take this apology very seriously as well as this message. [Full Article...]

China Warns Trump: Trade War Could Lead to Economic Collapse Like 2008

China Warns Trump: Trade War Could Lead to Economic Collapse Like 2008 While others in the administration are also clearly concerned about China's growing geopolitical influence and see its " One Belt, One Road " initiative as inimical to United States interests, Trump's perspective is narrower and more parochial. [Full Article...]

Nissan board fires Ghosn as chairman following arrest

Nissan board fires Ghosn as chairman following arrest But its future has now been cast into doubt after he was arrested in Japan, ousted as chairman of Nissan and Mitsubishi , and sidelined at Renault . The probe has been orchestrated by Nissan as it covers alleged financial transgressions principally tied to Japan, and Nissan CEO Hiroto Saikawa has emerged as a driving force behind the investigation. [Full Article...]

GM plans 10,000 job cuts, five plant shutdowns in North America

GM plans 10,000 job cuts, five plant shutdowns in North America The plant is used to make the Cadillac XTS and Chevrolet Impala sedans as well as the Chevrolet Silverado and GMC Sierra trucks. GM will discontinue the Cruze in the USA market by 2019. Besides Ottawa and OH - a critical swing state for the 2020 USA presidential campaign - GM will shut down the Detroit-Hamtramck factory in the US state of MI. [Full Article...]

Spanish Amazon workers in 'Black Friday' strike

Spanish Amazon workers in 'Black Friday' strike Unions in Britain said they would stage protests at five sites to complain about safety conditions. But the majority of employees were continuing to work and there was no impact on customer orders. The UK protests were dubbed " Amazon , we're not robots". In a statement , Amazon pushed back at the union complaints. These are people making Amazon its money. [Full Article...]


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