Money

Tobacco giant Altria makes massive bet on cannabis

Tobacco giant Altria makes massive bet on cannabis The agreement also includes a warrant that, if exercised, could see Altria's ownership rise to 55 per cent for another $1.4-billion. Over this past year, Altria's stock (NYSE:MO) has fallen almost 5%, but its shares rose 25% Friday after this news was released and Cronos (NASDQ: CRON ) rose 30%. [Full Article...]

USA yield inversion spreads on concerns about slowing growth

USA yield inversion spreads on concerns about slowing growth The greenback, which started the week on a weak footing as the apparent thaw in trade tensions between the USA and China cooled demand for the safe-haven currency, extended its fall as investors anxious about the inversion of the short end of the US yield curve in bond markets. [Full Article...]

Fiat Panda gets zero-star Euro NCAP rating

Fiat Panda gets zero-star Euro NCAP rating The four-wheel drive wagon, which is due to arrive in Australian showrooms early in 2019, has acheived a one-star rating in the latest round of tests conducted by the independent European New Car Assessment program. The company says the Jeep is designed for demanding off-road driving and that "testing protocols that apply exclusively to urban scenarios may not align with such a vehicle". [Full Article...]

Former President George HW Bush has passed away

Former President George HW Bush has passed away He praised the elder Bush, who died Friday, as "a high-quality man who truly loved his family". "And I'm not too excited about him being a leader". Bush served as president from 1989-1993, entering office during a period of global upheaval. [Full Article...]

China confident of agreeing United States trade deal despite Trump's combative stance

China confident of agreeing United States trade deal despite Trump's combative stance It described the discussions between Mr Trump and Mr Xi as "successful", adding it was "confident" that their agreement will be implemented "the sooner the better". China's crude oil imports from the USA had ground to a halt. US markets were closed on Wednesday to observe former President George H.W. Bush's death, but the effect of Wall Street's turmoil the previous day was felt in Europe and Asia... [Full Article...]

Asia shares sink after Wall Street sell-off

Asia shares sink after Wall Street sell-off That revived fears their tariff battle could chill global economic growth. Stocks are opening lower on Wall Street , led by losses in technology companies and banks. Hong Kong's Hang Seng index dropped 1.6 percent Wednesday, while Japan's benchmark Nikkei index slipped 0.5 percent. "Maybe we're not going to get as dovish a Fed as some think", said Joseph LaVorgna, chief economist, Americas at... [Full Article...]

Government publishes Brexit legal advice in full

Government publishes Brexit legal advice in full Mr Graham said: "What we are trying to achieve is something that gets a lot of support from colleagues and that the government , we hope, will take forward because it will make a real difference to the vote". Those loyal to the prime minister have urged her to delay the vote, arguing that, at the moment, it is unwinnable. Mr Cox's advice stated that, if Brussels felt that negotiations on a tr... [Full Article...]

Canada's Trudeau insists arrest of Huawei CFO not 'political'

Canada's Trudeau insists arrest of Huawei CFO not 'political' But China's government says that she hasn't broken any USA or Canadian laws, and is demanding that Canada "immediately correct the mistake" and release her. He also claimed that the incident "will seriously impact China and the USA implementing consensus reached between two state leaders". The daughter of the Chinese telecommunications giant's founder was arrested Saturday in Canada on US ... [Full Article...]

Huawei executive arrested in Canada for 'violating USA sanctions on Iran'

Huawei executive arrested in Canada for 'violating USA sanctions on Iran' The New York Times said the company had been subpoenaed by the Commerce and Treasury Departments over alleged violations of Iran and North Korea sanctions. The probe of Huawei is similar to one that threatened the survival of China's ZTE Corp, which pleaded guilty in 2017 to violating U.S. laws that restrict the sale of American-made technology to Iran. [Full Article...]

World markets down after arrest of Huawei executive

World markets down after arrest of Huawei executive This is not the first time a Chinese technology company has found itself in hot water with the US. Further investigation by Reuters found financial and other links over a decade between Huawei , Meng, and Skycom. It's shooting for the lead in fifth-generation wireless networks and preparing to take on some of America's biggest chipmakers. The UK has not blocked firms from using Huawei , al... [Full Article...]

London share prices PLUMMET amid US-China trade war fears — FTSE latest

London share prices PLUMMET amid US-China trade war fears — FTSE latest China will agree to purchase a not yet agreed upon, but very substantial, amount of agricultural, energy, industrial, and other product from the United States to reduce the trade imbalance between our two countries. All three companies present - BMW , Daimler and Volkswagen - already produce cars in the United States. The meeting also came just after General Motors announced it would close fiv... [Full Article...]

France delays fuel tax hikes that prompted protests to 2020

France delays fuel tax hikes that prompted protests to 2020 Fuel taxes had been set to rise on January 1. Griveaux stressed that the tax hikes could be scrapped permanently if no agreement was reached during consultations over the next six months. He has promised to reform France's economy and increase economic growth. While understanding that the nation wants taxes to be lowered, Phillipe cautioned that such a move would result in fewer benefits for F... [Full Article...]

OPEC members expected to agree oil production cut

OPEC members expected to agree oil production cut The two major players in the production cut talks, Saudi Arabia and Russian Federation, seem to be on board with a production cut, but the volume of cuts has yet to be determined, and it is also uncertain if they will go it alone should others refuse. [Full Article...]

Gluts, price differential: Six things to know about Canada's oil-price gap

Gluts, price differential: Six things to know about Canada's oil-price gap Notley recently announced that her province will cap oil production starting in January, in order to reduce the glut that experts say depressed prices. - Canadian Dollar rises broadly as oil markets rebound on Monday . The federal government has not yet decided whether it will contribute anything toward Alberta's purchase of new rail cars so that two more trains a day can transport crude fr... [Full Article...]

CFO of China tech giant Huawei Technologies arrested in Vancouver

CFO of China tech giant Huawei Technologies arrested in Vancouver Meng Wanzhou, who is also the daughter of Huawei founder Ren Zhengfei, was arrested Saturday in Vancouver and is facing extradition to the US, Canada's Justice Department told The Globe and Mail newspaper Wednesday. The U.S. previously banned ZTE, a Huawei competitor, for violating similar sanctions. The arrest comes amid a trade war between the USA and China. [Full Article...]

Trump signals that he's open to longer China talks

Trump signals that he's open to longer China talks Trump, in a series of Twitter posts, threatened to slap a range of import penalties on Chinese products if they did not make major changes in their economic relationship with the United States. intellectual property was among the administration's top concerns. The legislation, which had eight Republican cosponsors but was not put to a vote, envisaged using revenue raised by the duties to compens... [Full Article...]

Trump says China is now open to Qualcomm-NXP deal

Trump says China is now open to Qualcomm-NXP deal In addition, Qualcomm has already moved ahead with a $30 billion stock buyback in the wake of the original acquisition failure, with $21 billion already spent, "making it significantly more hard to re-engage on a deal", said Rasgon. "If at the end of this period of time (90 days), the parties are unable to reach an agreement, the 10% tariffs will be raised to 25%", the statement said. [Full Article...]

Quora data breach may have affected 100 million users

Quora data breach may have affected 100 million users It also includes content like posted questions, answers, comments and upvotes - which is public anyway - as well as answer requests, downvotes and direct messages. Quora, the platform that help users to connect about various topics, reported a security breach . "Once the 14-day grace period has expired and your account has been deleted, your content and profile will be permanently deleted, an... [Full Article...]

Canada says it takes Trump's talk of NAFTA withdrawal seriously

Canada says it takes Trump's talk of NAFTA withdrawal seriously President Donald Trump said late Saturday he will formally terminate the North American Free Trade Agreement soon, a move created to put pressure on Congress to approve a new deal he signed during the G-20 summit. -Mexico-Canada Agreement (USMCA), on Friday after more than a year of intense negotiations. The signing of USMCA was a victory for Trump, following months of tense and hard negotia... [Full Article...]

China, US showdown looms on trade at fractious G20

China, US showdown looms on trade at fractious G20 In a phone call Wednesday, Trump and Turkish President Recep Tayyip Erdogan expressed their concern about the incident, said White House press secretary Sarah Huckabee Sanders. He then added the caveat that fairness and reciprocity must be a part of the deal. Goldman argued the three possible outcomes of the highly anticipated meeting and said that "The first and in our view most likely is conti... [Full Article...]


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