Business


Talks to revamp NAFTA with USA to include other issues: Mexico Talks to revamp NAFTA with USA to include other issues: Mexico
- August 06, 2018

The sources said the USA and Mexico were close to agreement on a regional value content for steel and aluminum as well as on labor wage content requirements. Canada has not been at the table in rounds of talks over the past weeks. Guajardo and other Mexican officials returned to Washington this week for another of bilateral talks with the United States. (more...)
US goes ahead with revised tariffs on Canadian newsprint US goes ahead with revised tariffs on Canadian newsprint
- August 06, 2018

The tariffs are a response to a complaint to the Commerce Department from the North Pacific Paper Company. The company said the duties have aided its business and improved the industry, which it said has lost 2,100 jobs since 2012. "No one is going to work for free and no one is going to be covering the local stories that need to be told or local government", he said. Chrystia Freeland, Canada's minister of foreign affairs, said that despite the slight reduction in some duties, "Canada ... (more...)
US Democratic candidates told to ditch Huawei and ZTE devices US Democratic candidates told to ditch Huawei and ZTE devices
- August 06, 2018

Now, the Democratic National Committee wants to make extra sure that all Democrats running for election aren't using them either. The source said Bob Lord , the DNC's chief security officer, said in a email that it was important for party and campaign workers to be vigilant about the warnings. (more...)
China rejects U.S. demand to reduce Iran oil imports China rejects U.S. demand to reduce Iran oil imports
- August 06, 2018

Francis Fannon, US assistant secretary of state for the bureau of energy resources, was recently in China to discuss sanctions, Bloomberg said , citing a US government official. While South Korea has halted imports from Iran and reports in India indicate it may also bow to the USA campaign, Washington's entreaties to Beijing have proved fruitless, two unnamed officials told Bloomberg . (more...)
RBS unveils historic first dividend since financial crisis RBS unveils historic first dividend since financial crisis
- August 06, 2018

RBS, which was bailed out by British taxpayers and remains under the control of the United Kingdom government, said it meant to pay a dividend of 2 pence a share subject to finalizing a fine from the US Justice Department for packaging toxic mortgage-backed securities. (more...)
5 killed in plane crash near South Coast Plaza shopping center
- August 06, 2018

The plane hit a vehicle but nobody in the auto was hurt, said Stephen Concialdi, spokesman for the Orange County Fire Authority. Concialdi added that no one on the ground was hurt and there was no fire. It was not immediately clear from where the flight originated and a phone call to the company was not immediately returned Sunday. The FAA launched an investigation into the crash, and added that the National Transportation Safety Board will determine the probable cause. (more...)
Canada enjoys lowest trade deficit since January 2017 Canada enjoys lowest trade deficit since January 2017
- August 06, 2018

Economist at Capital Economics. Economists at Barclays see Friday's report as a harbinger of things to come, as the tax cuts boosting the USA economy will continue to grow imports while exports growth is likely to slow as firms deal with the impact of tariffs. (more...)
Revenue Estimates Analysis Helios and Matheson Analytics Inc (HMNY) Revenue Estimates Analysis Helios and Matheson Analytics Inc (HMNY)
- August 05, 2018

The company's Market capitalization is $324.75M with the total Outstanding Shares of 1.42B. The 52-week high of the stock is now $23.70 while its 52-weeks low stands at $10.40. In practice, however, the reverse is true. However, applying moving-average strategies in conjunction with portfolio diversification and prudent money management may reduce one's risk substantially. (more...)
Saudi Arabia resumes oil exports through key waterway Saudi Arabia resumes oil exports through key waterway
- August 05, 2018

Top oil exporter, Saudi Arabia, said on Saturday it would resume all oil shipments through the strategic Red Sea shipping lane of Bab al-Mandeb, the state news agency SPA reported. Around 4.8 million barrels of oil pass through the straits every day, much of it to Europe and North America. After Saudi's decision to halt shipments, Yemen's Houthi group said on July 31 it would halt attacks in the Red Sea for two weeks to support peace efforts. (more...)
Aeroplan lands in arms of Porter as it flees hostile AC offer Aeroplan lands in arms of Porter as it flees hostile AC offer
- August 05, 2018

A representative of one of those upset shareholders - Cetus Capital - voiced concerns about Aimia's offer on the conference call Friday. Earlier this year, Air Canada said it would start its own loyalty program. "We have not abandoned our plans to launch our own loyalty plan in 2020", Rovinescu said. The company announced Friday morning that Porter Airlines would become a preferred Canadian airline for the loyalty point program. (more...)
WhatsApp introduces first money-making product, a messaging API for businesses WhatsApp introduces first money-making product, a messaging API for businesses
- August 05, 2018

In other WhatsApp news, the app officially rolled out group video calling to all users. The price also depends on the country, as said by the WhatsApp. The company said ads were not part of his plan at the time, at least not until the user base clocks 2-3 billion people; but it seems we are fast approaching that time or it is actually before us. (more...)
Oil prices decline amid rising output Oil prices decline amid rising output
- August 05, 2018

Analysts said the outlook beyond the short-term was turning bearish. "Unipec saying they won't buy USA crude and China saying they won't comply with Iran sanctions are bearish", Jakob from Petromatrix said. "At the moment, there is a mismatch in timing, where there is increasing OPEC supply and yet we're not seeing a significant reduction in Iranian supply", Patterson said. (more...)
United Kingdom construction companies' business activity levels witness stronger growth in July United Kingdom construction companies' business activity levels witness stronger growth in July
- August 05, 2018

The UK's construction purchasing managers' index (PMI) released by IHS Markit jumped to 55.8 in July, the highest since May 2017 and a 2.7 point increase from June. The pace of employment growth was the most rapid since December 2015. Purchasing activity also declined, which contributed to a reduction in stock levels. (more...)
British Airways owner IAG misses profit forecasts and shares drop British Airways owner IAG misses profit forecasts and shares drop
- August 05, 2018

Unit revenue performance, which measures pricing, rose 2.9pc in the period, helped by strong demand in North America, Europe and Latin America. For the half-year, basic earnings per share surged 141.6% on a statutory basis to 68.3 cents. "These strikes are also having a significant impact on the Spanish economy and tourism". IAG said two new A330-200s will be added to its fleet, bringing a total of seven aircraft in Paris and Barcelona next year. (more...)
China's offshore yuan jumps after c. bank raises FX forwards reserve requirement China's offshore yuan jumps after c. bank raises FX forwards reserve requirement
- August 05, 2018

This came after US President Donald Trump demanded his trade officials to consider raising tariffs to 25 percent from 10 percent on $200 billion in Chinese imports into the United States. "There is a huge difference between this round of the yuan's exchange rate depreciation and that after the "811" exchange rate reform", said Guan Tao, the former director at the State Administration of Foreign Exchange said in an exclusive interview with Yicai Global yesterday. (more...)
China dethroned by Japan as world's second-biggest stock market China dethroned by Japan as world's second-biggest stock market
- August 05, 2018

China's stock market overtook Japan's in late 2014, then soared to an all-time high of more than US$10 trillion in June 2015. While global markets have been broadly hit by fears of a trade war between the world's top two economies, Chinese equities are among the worst performers this year, with the benchmark Shanghai Composite Index slumping more than 16 per cent since the start of January. (more...)
Foodora to leave Australia amid lawsuits Foodora to leave Australia amid lawsuits
- August 05, 2018

There is a case before the Fair Work Commission questioning whether delivery riders are considered contractors or employees, which would impact on fair pay and protections against unfair dismissal. Foodora is facing claims of unfair dismissal in front of Australia's Fair Work Commission this week ahead of a Federal Court case dealing with its alleged underpayment of workers. (more...)
Australia's retail sector outperforms expectations in Q2
- August 05, 2018

Department store sales plummeted 1.2% [seasonally adjusted estimate], contrasting a 3.9% increase in May. That also exceeded expectations for an increase of 0.8 percent and was up from 0.2 percent in the three months prior. The ACT (+1.2 per cent) and Victoria (+1.1 per cent) reported the most robust growth while sales fell in Queensland (-0.3 per cent) and the Northern Territory (-0.4 per cent). (more...)
Present Performance: Tesla, Inc. (NASDAQ: TSLA) Present Performance: Tesla, Inc. (NASDAQ: TSLA)
- August 05, 2018

Needham gave the stock an Underperform rating in a research note from Thursday, July 19th, 2018. (NASDAQ: TSLA ). The current consensus price target is $303.31. Tesla, Inc designs, develops, manufactures, and sells electric vehicles, and energy generation and storage systems in the United States, China, Norway, and internationally. (more...)
U.S. employers add 157,000 jobs, jobless rate hits 3.9 pct U.S. employers add 157,000 jobs, jobless rate hits 3.9 pct
- August 05, 2018

The economy grew in the April-June quarter at its fastest pace in four years. The value of United States exports slid 0.7% to $213.8 billion; imports rose 0.6% to $260.2 billion, led by increases in medicine and crude oil. The shortage of workers is steadily pushing up wages. About 37,000 were added in manufacturing, 34,000 in healthcare and 26,000 in food services. Local governments cut 20,000 jobs, the most in more than two years. (more...)
Restaurant Brands profit soars 87%, but Tim Hortons is the laggard Restaurant Brands profit soars 87%, but Tim Hortons is the laggard
- August 05, 2018

He said the latest financial results do not reflect Tims' latest efforts such as all-day breakfasts, which launched last weekend, as well as an upcoming children's menu and planned loyalty program. Still, some franchisees, who are anxious about speaking individually on the record for fear of being sued by the company, say discontent remains about what they say are overly high prices they are charged by the company for their supplies and other services. (more...)
US senators introduce Russia sanctions 'bill from hell' US senators introduce Russia sanctions 'bill from hell'
- August 04, 2018

They point to social media, in particular, as fertile ground for disinformation and influence in campaigns that have proved hard to police despite the occasional crackdown - such as Facebook's announcement this week that it had shuttered 32 fake pages . (more...)
Chinese rescue of Britain's House of Fraser collapses Chinese rescue of Britain's House of Fraser collapses
- August 04, 2018

The agreement, part of the retailer's restructuring plan, included the closure of several underperforming stores, reducing the company's commercial network from 59 to 28 stores and putting 6,000 jobs in jeopardy. House of Fraser , a troubled British department store chain, said Wednesday it had lost a proposed investment from the Chinese owner of Hamleys and was looking for a new rescuer. (more...)
Big victor lotto ticket rescued from store trash Big victor lotto ticket rescued from store trash
- August 04, 2018

Mr Higgins, 67, a retired vehicle company administrator and his wife, Lesley, picked up their cheque yesterday and revealed that even after they found they had won the July 10 jackpot... Lesley has already handed in her notice from her role as account manager at the Montrose Port Authority and the pair have also spent some winnings on a new Audi Cabriolet. (more...)
Conor McGregor vs Khabib Nurmagomedov Announced For UFC 229 Conor McGregor vs Khabib Nurmagomedov Announced For UFC 229
- August 04, 2018

UFC chief White has already said he is expecting the bout to sell in the region of 2 million pay-per-view buys, meaning it would beat the current record of 1.65 million for McGregor's second fight with Nate Diaz in August 2016. McGregor has posted several photos on social media this week hyping his physical fitness in advance of the announcement, which neither fighter attended. (more...)

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