Business


Australia's Julie Bishop quits as foreign minister Australia's Julie Bishop quits as foreign minister
- August 26, 2018

Simon Birmingham will take over Mr Ciobo's former job as Trade Minister. Mr Morrison is expected to announce details of his new Cabinet on Monday. Angus Taylor, who was among those who backed Mr Dutton in the leadership challenge, has been given the Energy role. (more...)
Didi Chuxing suspends carpool service after woman killed Didi Chuxing suspends carpool service after woman killed
- August 26, 2018

In May the company suspended and changed Didi Hitch, which pairs vehicle owners and passengers, after a 21-year-old flight attendant died after using the service in Zhengzhou. Police said the woman texted her friends asking for help after getting into the auto. The head of Didi Hitch and the vice president of customer service have been removed from their positions. (more...)
Norway's $1 trillion wealth fund should keep oil stocks - government commission Norway's $1 trillion wealth fund should keep oil stocks - government commission
- August 26, 2018

It also has major holdings in global oil firms, including $6.14bn in Shell , followed by billions of dollars invested in other oil majors such as BP, Chevron , ExxonMobil and Total. It also held 1.42 per cent of Eni, 1.79 per cent of Total and 0.22 per cent of Lundin Petroleum, among others. "We have given our advice and we are now awaiting the government's decision", deputy central bank governor Egil Matsen said in an emailed statement to Reuters . (more...)
Energy, materials pull Wall Street higher ahead of Powell speech Energy, materials pull Wall Street higher ahead of Powell speech
- August 26, 2018

But, as he did with rate hikes, he signaled that Fed officials would do what they think is right for the economy regardless of political pressure. The stock has had a strong week, gaining more than 10 percent this week. Powell said the Fed was trying to balance two risks in its decisions on interest rates: "moving too fast and needlessly shortening the expansion, versus moving too slowly and risking a destabilizing overheating". (more...)
Enbridge To Buy Spectra Energy Partners In US$3.3 Bln Deal Enbridge To Buy Spectra Energy Partners In US$3.3 Bln Deal
- August 26, 2018

Finally, Morgan Stanley lowered their price objective on Enbridge Energy Partners from $11.00 to $10.00 and set a "sell" rating for the company in a report on Friday, June 8th. Share of Enbridge Energy Partners, L.P. (EEP) have caught the attention of the Wall Street community. Kayne Anderson Capital Advisors LP owned 0.52% of Enbridge Energy Partners worth $18,400,000 as of its most recent filing with the SEC. (more...)
Ryanair to introduce hand luggage fees for small suitcases Ryanair to introduce hand luggage fees for small suitcases
- August 26, 2018

From 1 November, a fee will be charged to passengers who wish to bring a second piece of hand luggage on a Ryanair flight, unless they are a priority boarding customer. It claimed most passengers will be unaffected by the changes, as 30 per cent already buy priority boarding and a further 30 per cent only travel with a small carry-on bag. (more...)
Alibaba scores 61% revenue growth Alibaba scores 61% revenue growth
- August 26, 2018

Alibaba Group Holding Limited (NYSE: BABA ) has risen 61.13% since August 24, 2017 and is uptrending. TransEnterix, Inc. (NYSE:TRXC) has been utilizing an ROE that is roughly -94.7%, with stock analysts predicting that the company's EPS for the next five years will go down by 0% per year, following the 41.6% raise that was witnessed during the past five years. (more...)
Superdelegates Now Have Less Power, Thanks to DNC Vote Superdelegates Now Have Less Power, Thanks to DNC Vote
- August 26, 2018

In a Twitter message, Sanders welcomed the DNC's decision as "an important step forward in making the Democratic Party more open, democratic and responsive to the input of ordinary Americans". Two years ago, the party created the Unity Reform Commission to propose changes , which led discussions in the DNC's Rules and Bylaws Committee and a vote by the Executive Committee before approval by the full DNC. (more...)
Trump suggests US close to 'big' trade agreement with Mexico
- August 26, 2018

Meanwhile, Lopez Obrador said on Friday that progress was indeed being made in the renegotiation of the North American Free Trade Agreement, which Trump had dubbed a " disaster " for U.S. "We've adjusted very well the focus, but without changing the content, the substance, and we've arrived at a solution that should be satisfactory for everyone", Seade said. (more...)
Trump, Australian PM talk over phone on ties, cooperation Trump, Australian PM talk over phone on ties, cooperation
- August 26, 2018

On his third day in the job - and with the make-up of his cabinet still unclear - the new prime minister went on ABC's radio's Australia All Over program with Ian "Macca" McNamara to reiterate the drought now crippling rural Australia would be a key priority for his government. (more...)
Huawei ban in Australia increases pressure on Canada Huawei ban in Australia increases pressure on Canada
- August 26, 2018

Sens. Marco Rubio, R-Fla., and Tammy Baldwin, D-Wis., this week introduced legislation that would take several steps to curb the ability of Chinese companies to impact the USA technology supply chain and profit from alleged theft of US intellectual property. (more...)
Manhattan DA considers criminal charges against Trump Organization
- August 26, 2018

Weisselberg authorized the $420,000 payment made by Michael Cohen to Stormy Daniels and Karen McDougal , which was at the heart of the charges against Trump's ex-lawyer. The Trump Organization approved paying Cohen US$420,000 early previous year based on sham invoices he submitted to recoup the US$130,000 he paid to Clifford, according to court documents. (more...)
Donald Trump says US-Mexico trade deal could be imminent Donald Trump says US-Mexico trade deal could be imminent
- August 26, 2018

Trade Representative's office denied that Lighthizer had softened his position on the sunset clause , without further elaboration. Foreign Affairs Minister Chrystia Freeland will be travelling to Europe next week on a diplomatic mission that's raising questions about whether Canada expects to return to the bargaining table soon for the three-country NAFTA talks. (more...)
Customs credits new facial comparison technology for Dulles arrest Customs credits new facial comparison technology for Dulles arrest
- August 26, 2018

U.S. Customs and Border Protection officers at Dulles International Airport found the man's real ID hidden in his shoe. A search revealed the man's authentic Republic of Congo identification card concealed in his shoe. CBP has not released the identity of the traveler using the fake passport and is continuing to investigate the incident. Wednesday's case was the first time security used the facial comparison technology to detect a traveler using a false identity. (more...)
Infiniti Prototype 10 weaves retro speedster with electric soul Infiniti Prototype 10 weaves retro speedster with electric soul
- August 26, 2018

Featuring an electric drivetrain, Prototype 9 took styling inspiration from an imaginary world where Infiniti 1) existed in the 1930s, and 2) participated in the Formula 1 racing of that era. Unlike the Prototype 9 , the design team at the helm of Infiniti's latest concept wasn't completely stuck in the past. Indeed, it's due to the flat floor that the Prototype 10 driver's seat can be situated so low in the chassis. (more...)
World Bank to Launch First Ever Blockchain Bond Next Week World Bank to Launch First Ever Blockchain Bond Next Week
- August 26, 2018

Commonwealth Bank of Australia, the sole manager of the deal, said in a statement that the two-year bonds had priced to yield 2.251 percent and would settle August 28. "The World Bank is one of the largest bond issuers in the world, and it is great that it recognizes the cost savings, transparency, increased access to capital around the world and other benefits that are related to usage of blockchain technology in the bond market", he remarked. (more...)
National Enquirer hid damaging Trump stories in a safe National Enquirer hid damaging Trump stories in a safe
- August 26, 2018

In addition to his title as chief financial officer, Mr Weisselberg holds executive positions at many Trump entities, including director of the Donald J Trump Foundation , which is being sued by the NY state attorney-general for allegedly tapping donations to settle legal disputes among other illegal uses. (more...)
AK-47 maker Kalashnikov chases Tesla with Soviet-style electric auto AK-47 maker Kalashnikov chases Tesla with Soviet-style electric auto
- August 26, 2018

Among the more advanced new hopefuls is China's NIO Inc., filing for a potential $1.8 billion listing on the New York Stock Exchange. The Kalashnikov arms manufacturer has issued a challenge to Elon Musk with a new electric vehicle to rival the Tesla. (more...)
Amazon Twitter Ambassadors To Defend Against Working Conditions Criticism Amazon Twitter Ambassadors To Defend Against Working Conditions Criticism
- August 25, 2018

They all claim to work in Amazon fulfillment centers - warehouses where your package deliveries come from. TechCrunch has found around 16 FC Ambassador profiles - although it's hard to count them accurately now because, obviously, some parodies have already appeared and it's hard to tell the difference between the parody and the reality of what goes on in the Amazon packing chain - with some terribly forced and cringeworthy messages from the ambassadors out there, such as Carol's ... (more...)
IPhone 2018 will be pre-ordered from September 14 IPhone 2018 will be pre-ordered from September 14
- August 25, 2018

A new report claims that Apple will be launching this year's iPhones on September 12. Over the past few months, there have been various rumours around the phantom budget iPhone X . 12 and could be available for pre-order that Friday, Sept. 14. Pricing will be key, however, if Apple continues its upwards trend for pricing the flagship model may as well cross US$ 1200. (more...)
TREB loses bid to appeal release of real estate sold figures TREB loses bid to appeal release of real estate sold figures
- August 25, 2018

For seven years, a dispute over the issue pitted TREB against the federal Competition Bureau, which argued that the restrictions insulated the board's realtor members "from a new and potentially disruptive form of competition". Canadian homebuyers could soon see much more detailed data on homes listed for sale, thanks to a decision by the Supreme Court of Canada . That's likely just the beginning, provided no further challenges emerge, said John Andrews, a real estate professor at Queen's ... (more...)
Fed Chair Powell: Further Rate Hikes Best Way to Protect Recovery
- August 25, 2018

The chairman said bringing interest rates back toward levels the the Fed sees as neutral is the safest approach to managing an economy that has raised questions about the central bank's diagnostic tools for shaping monetary policy. will likely be appropriate", Powell said. Low unemployment has always been thought to increase the pace of price growth because of greater economic activity. (more...)
Simple Moving Average Analysis of Northern Oil and Gas, Inc. (NYSE:NOG)
- August 25, 2018

The company has a market cap of $904.09 Million. The 20-day historical volatility for the stock stands at 65.94 percent, which is low when compared to that of the 50-day's 68.29 percent. The next 5 year EPS growth rate of AGNC Investment Corp. The company declared -1.09 EPS (ttm). However the company's price to cash per share for most recent quarter stands at 0.4. (more...)
Trump says market will 'crash' if he were impeached Trump says market will 'crash' if he were impeached
- August 25, 2018

Were you aware that Mr. Trump might have known and didn't call the FBI?' I don't think you would've gotten the answer that you just read. The president contends Cohen only worked for him part time and accuses the lawyer of making up stories to reduce his legal exposure. (more...)
Bitcoin Shoots Up by $400 as BitMEX Goes Temporarily Offline Bitcoin Shoots Up by $400 as BitMEX Goes Temporarily Offline
- August 25, 2018

Bitcoin Private at this time has a market capitalization of $78,601,741 and its 24 hrs trading volume is about $161,921. Zcash (ZEC) traded 0.2% higher against the dollar and now trades at $131.51 or 0.02044677 BTC. The influence of USDT remains significant, with the token taking up more than 23% of all cryptocurrency trades, whether through BTC pairings, or directly through altcoins. (more...)

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