Economy

China replaces head of Hong Kong liaison office amid ongoing protests

Ordinarily, communications between Beijing and Hong Kong are conducted through a Chinese government body: the Liaison Office of the Central People's Government in Hong Kong. It has also continued to...

by · Economy
Residential property values in Edmonton dip again

Residential property values in Edmonton dip again

BC Assessment says owners of more than 1,040,000 properties throughout the Lower Mainland can expect to receive their 2020 assessment notices, which reflect market value as of July 1, 2019. Assessmen...

by · Economy
Oil jumps to $69 as USA kills Iran’s Soleimani

Oil jumps to $69 as USA kills Iran’s Soleimani

Similarly, the broader NSE Nifty closed 55.55 points, or 0.45 percent, down at 12,226.65. The broad-based S&P 500 also shed 0.7 per cent to 3,236.58, while the tech-rich Nasdaq Composite Index dropped...

by · Economy
Economy braces for a crude shock after USA airstrike kills Iran general

Economy braces for a crude shock after USA airstrike kills Iran general

Analysts see a further rally in pries in the coming days. While the Minister of State for Petroleum Resources, Timipre Sylva has assured OPEC of compliance to cuts, there are concerns for the implem...

by · Economy
Qasem Soleimani: Strike was to 'stop war', says Trump

Qasem Soleimani: Strike was to 'stop war', says Trump

In a tweet, Trump said Soleimani had "killed or badly wounded thousands of Americans over an extended period of time, and was plotting to kill many more", but did not elaborate. "The Iranian regime's ...

by · Economy
China denies suspending Shanghai-London stock scheme

China denies suspending Shanghai-London stock scheme

All five sources were involved in discussions with Chinese delegates. Spokespeople for the London Stock Exchange and the British Exchequer declined to comment. The Shanghai-London Stock Connect arrang...

by · Economy
Crude oil prices approach $70 after USA attack on Iranian general

Crude oil prices approach $70 after USA attack on Iranian general

Brent crude futures jumped almost $3 to $69.16 a barrel, the highest since September, while the US West Texas Intermediate (WTI) crude futures rose $1.76, or 2.9%, to $62.94 a barrel. More than 675...

by · Economy
Surprise drop in ISM manufacturing PMI for December

Surprise drop in ISM manufacturing PMI for December

United States manufacturing sector activity slowed further last month amid weak order growth and soft demand across most sub-sectors, the results of a closely-followed survey revealed. Indeed, the sec...

by · Economy
Genesis Gives First Look At The GV80 SUV

Genesis Gives First Look At The GV80 SUV

When does it go on sale? Set to launch worldwide later this year, according to the company , the GV80 is the fourth model in the company's lineup, joining the stylish G70, G80 and G90 sedans. ...

by · Economy
Travelex takes website offline after software attack

Travelex takes website offline after software attack

Foreign currency service Travelex said it has taken all its sites offline after being attacked by a software virus on New Year's Eve. A number of banks depend on the Travelex platform to provide o...

by · Economy
Gold spikes as investors brace for Iran response to United States strike

Gold spikes as investors brace for Iran response to United States strike

Supporting the metal further, the United States dollar slipped to a nine-week low against the safe-haven yen on tensions in the Middle East. "However, market reaction may subside if there is no retali...

by · Economy
Tencent Buys 10% Stake in Record Label of Billie Eilish, Drake

Tencent Buys 10% Stake in Record Label of Billie Eilish, Drake

Tencent and the consortium has the option to purchase an additional 10% equity stake in UMG at the same value prior to January 15th, 2021. Vivendi did not disclose the details of the consortium beyo...

by · Economy
Tesla hits sales goals, reports 367,500 cars delivered in 2019

Tesla hits sales goals, reports 367,500 cars delivered in 2019

Shares of the company jumped about 2% in early trading following the release. The stock has a 52-week high of $435.31 and a 52-week low of $176.99. The sales increase should bode well for Tesla's ...

by · Economy
British Airways dropped from top 20 in annual airline safety ranking

British Airways dropped from top 20 in annual airline safety ranking

It is a list dominated by foreign carriers, and with the exception of the 2018 rankings - when AirlineRatings.com could not find a clear-cut victor and rated the top 20 as one entity in alphabetical o...

by · Economy
Trump impeachment trial considered most important news of 2019

Trump impeachment trial considered most important news of 2019

His collusion with the White House is something that should be alarming to everyone. "Importantly, that Mr. Duffey said there was "clear direction from POTUS to continue to hold" only further implic...

by · Economy
Turkey's manufacturing PMI constant in December

Turkey's manufacturing PMI constant in December

BEIJING-Activity in China's factories slowed slightly in December but remained in expansionary territory for the fifth straight month, according to a private survey. Also, selling prices rose for the ...

by · Economy
China to Lower Banks' Reserve Requirement to Aid Growth

China to Lower Banks' Reserve Requirement to Aid Growth

The central bank cut the requirement three times in 2019 to bolster the Chinese economy, which grew at the slowest rate in three decades previous year. This will reduce the capital cost of banks by ap...

by · Economy
Japan Airlines to Give Away 50,000 Free Plane Tickets for Next Summer

Japan Airlines to Give Away 50,000 Free Plane Tickets for Next Summer

Flights must be reserved at least a week in advance of the first flight and return flights should not be longer than 10 days later. More details about JAL's giveaway will be released in early Januar...

by · Economy
Global Stocks Rise on Optimism for Trade Deal

Global Stocks Rise on Optimism for Trade Deal

Riding the high tide across global markets, the pan-European stocks index STOXX 600 jumped 0.9% after declining for two straight sessions when caution crept in about how long a U.S. He also said he pl...

by · Economy
AAA: Year-end gas prices edge higher

AAA: Year-end gas prices edge higher

DeHaan added, "As we say goodbye to 2019, here are some interesting figures from this decade: the USA consumed 1.25 trillion gallons of gasoline, which is enough volume to raise Lake Superior's level ...

by · Economy
Stocks Post Best Annual Gain in 6 Yrs.

Stocks Post Best Annual Gain in 6 Yrs.

The most important USA stock indices closed somewhat to close the year, reinforced by positive news about the trade relationship between the United States and China. "Equities begin [2020] on firm gro...

by · Economy
Asia's richest man unveils online store in challenge to Amazon

Asia's richest man unveils online store in challenge to Amazon

With the complete launch of JioMart , the Jio provider will join the race to compete with Amazon and Flipkart for a small pie in the e-commerce segment in India. As per a report by ET, as an ag...

by · Economy
How tax-free Irish Google unit paid $50bn in dividends

How tax-free Irish Google unit paid $50bn in dividends

It is however not clear if technology companies, who are estimated to have saved billions in tax over the years, will not simply find other routes to avoid paying their fair share of taxes. Some 10,00...

by · Economy
Boris’s 2020 Vision: a ‘Decade of Growth, Prosperity,’ and Brexit

Boris’s 2020 Vision: a ‘Decade of Growth, Prosperity,’ and Brexit

Mr. Johnson's New Year's message - where he hailed the United Kingdom as "the greatest place in the world" - set a much more optimistic tone than that of Labor leader Jeremy Corbyn, who sought to ke...

by · Economy
Turkish Airlines, Boeing reach deal on compensation for 737 Max

Turkish Airlines, Boeing reach deal on compensation for 737 Max

The Turkish flagship-carrier has 24 Boeing 737 MAX planes in its fleet. Boeing announced Thursday that a special counselor for litigation on the two 737 MAX crashes would retire at the end of 20...

by · Economy
Kia Seltos scores five stars in ANCAP testing

Kia Seltos scores five stars in ANCAP testing

All variants of Kia's smallest SUV for the market come equipped with six airbags, ABS, an autonomous emergency braking (AEB) system, lane keep assist, lane departure warning, emergency lane keeping an...

by · Economy
Dozens of flights cancelled in Montreal, as vacationing PM sends well wishes

Dozens of flights cancelled in Montreal, as vacationing PM sends well wishes

The main destinations affected are Toronto, Ottawa, Quebec City, New York, Boston, Halifax, Edmonton and Vancouver. Heavy snow continued to fall on Tuesday morning as a blizzard swept south of Q...

by · Economy
Mark Carney warns firms climate change could make assets ‘worthless’

Mark Carney warns firms climate change could make assets ‘worthless’

In an interview with BBC Radio 4's Today programme being broadcast on Monday, Carney said that although the financial sector was starting to cut back on investment in oil and gas companies, the proces...

by · Economy
Uber, Postmates sue to block California gig worker law

Uber, Postmates sue to block California gig worker law

The complaint argues that AB-5 violates several clauses in the US and California constitutions, including equal protection because of how it classifies gig workers for ride-sharing and on-demand deli...

by · Economy
Maxar is selling the space robotics company MDA for around $ 765 million

Maxar is selling the space robotics company MDA for around $ 765 million

Space Shuttle program and the International Space Station and three generations of RADARSAT Earth observation satellites for the Canadian government. Two of Canada's wealthiest entrepreneurs, John R...

by · Economy
Gold’s December Rally Stays Alive to Seal Best Year Since 2010

Gold’s December Rally Stays Alive to Seal Best Year Since 2010

Gold was up 4 per cent for December , on track for its biggest monthly rise since August. Spot gold climbed as much a 0.6 per cent to $1,524.23 an ounce, the highest level since September 25, an...

by · Economy
Wall Street dips at open as year-end rally tapers off

Wall Street dips at open as year-end rally tapers off

The market's trajectory to a strong finish for the year began in October as stocks emerged from a late-summer slump caused by fears that the US economy could be headed for a recession. BOND YIELDS: Bo...

by · Economy
Petrol price increased by Rs2.61 per litre

Petrol price increased by Rs2.61 per litre

Light diesel is to be sold at Rs84.51 per litre after an increase of Rs2.08. Rs2.61, while approving the recommendations made by the Oil and Gas Regulatory Authority (Ogra ). The price for one li...

by · Economy
Global Markets: Asian shares lower as investors book decade-end profits

Global Markets: Asian shares lower as investors book decade-end profits

Many equity indices, long-term bonds, oil and gold posted double-digit gains in 2019. Prior to those comments, U.S. President Donald Trump had talked up a signing ceremony for the recently struck Ph...

by · Economy
Microsoft takes control of 'Thallium' web domains

Microsoft takes control of 'Thallium' web domains

It's not clear how many people Thallium may have hacked, though the complaint alleges the group "has been active since 2010, and it poses a threat today and into the future". It should be mentioned th...

by · Economy