Markets

Jaguar Land Rover in two-week shutdown as sales struggle

Jaguar Land Rover in two-week shutdown as sales struggle The scrip, after a weak opening, further tumbled to a low of Rs 170.65. The company's sales in China declined by 46.2 per cent during September compared to the same month a year ago as ongoing market uncertainty resulting from import duty changes and continued trade tensions held back consumer demand. [Full Article...]

International Monetary Fund downgrades outlook for world economy to 3.7% growth

International Monetary Fund downgrades outlook for world economy to 3.7% growth For next year, trade is seen growing just four percent, a half point less than the prior forecast. Considering developments since then, however, that number appears over-optimistic: "rather than rising, growth has plateaued at 3.7 per cent", IMF Chief Economist Maurice Obstfeld said as the world body released the World Economic Outlook , its annual flagship report. [Full Article...]

United States considers sanction waivers on countries reducing imports of Iranian oil

United States considers sanction waivers on countries reducing imports of Iranian oil Last week, Saudi Arabia, the biggest producer among the Organization of the Petroleum Exporting Countries ( OPEC ), announced plans to lift crude output next month to 10.7 million bpd, a record. Alongside potential waivers on Iranian sanctions, oil supply is seemingly back on the rise with Libya recently boosting oil production to 1.25mbpd (200kbpd more than the September average). [Full Article...]

Italy says ‘no plan B’ to spending plans despite European Union alarm

Italy says ‘no plan B’ to spending plans despite European Union alarm Italy's Deputy Prime Minister Matteo Salvini on Friday accused top European Commissioners of wrecking Europe , and said he hoped next year's European parliamentary elections would change the EU political landscape. "As a citizen, as a patriot, as Chairman of the European Parliament, I appeal to the government of Italy that it has changed the budget maneuver, which frightens the markets a... [Full Article...]

Apple and Amazon deny allegations of server tampering by Chinese agents

Apple and Amazon deny allegations of server tampering by Chinese agents The report claimed that in addition to Apple and Amazon, Super Micro manufactured equipment for the United States defence department's data centres and other federal government functions - some operated by Apple and Amazon Web Services . [Full Article...]

Crude oil futures fall 1.44% on weak global cues

The US administration is "prepared to work with countries that are reducing their imports on a case-by-case basis", the official added. A USA government official, who spoke on the grounds of anonymity, said the Trump administration is "in the midst of an internal process" of considering exceptions called SRE waivers, or significant reduction exemptions. [Full Article...]

Facebook hoax hitting inboxes telling users their accounts been cloned

Facebook hoax hitting inboxes telling users their accounts been cloned A Facebook clone means a spammer has created a new account under your name, often times using your pictures and friend requesting your friends. Hold your finger on the message until the forward button appears.then hit forward and all the people you want to forward too.I had to do the people individually. [Full Article...]

Petrol, diesel prices on rise again

Petrol, diesel prices on rise again The petrol and diesel prices have resumed the ascending trend today. The move to bring down domestic fuel prices came amid global crude oil rates soaring to 2014 highs in the past few days. 2.5 on both petrol and diesel. The Centre, prior to the excise duty cur, levied a total of Rs 19.48 per litre of excise duty on petrol and Rs 15.33 per litre on diesel. [Full Article...]

Salmonella risk prompts recall of 6.5 million pounds of beef

Salmonella risk prompts recall of 6.5 million pounds of beef The items, including ground beef, were packaged on various dates from July 26, 2018 to September 7, 2018,"the U.S. Department of Agriculture's Food Safety and Inspection Service (FSIS) announced today". Transparency in sourcing, products and processing is increasingly important, but so is handling recalls and other hard situations with a straightforward approach. [Full Article...]

Unilever backs down on headquarters move to Netherlands after investor revolt

Unilever backs down on headquarters move to Netherlands after investor revolt Waldschmidt said the bigger drivers for Unilever's shares were US interest rates and continued difficulties in emerging markets, particularly related to their currencies. 'The board will now consider its next steps and will continue to engage with our shareholders. Unilever has always insisted that the move to focus on Rotterdam was not "to do with Brexit '". [Full Article...]

US goes soft on Iran sanctions, mulls waivers for violators

US goes soft on Iran sanctions, mulls waivers for violators The deal was struck as oil prices began to climb towards $80 per barrel. Prices have advanced 1.5 percent for the week, capping the longest streak of weekly increases since January. Last month, Indian buyers lifted purchases of Iranian crude to 502,000 bpd, up 111,000 bpd over August, in "a last gasp" of purchases 'before sanctions actually hit, ' a US-based trader said, adding that those ad... [Full Article...]

WRAPUP 1-Canada adds 63,300 jobs in September, many more than expected

WRAPUP 1-Canada adds 63,300 jobs in September, many more than expected Construction employed 17,700 in Greater Victoria in September, up from 14,500 in the same month past year. However, nearly all of the September job gains came from an increase in part-time employment and were mostly concentrated in Ontario and British Columbia with little change in other provinces. [Full Article...]

Toronto and US stocks lower in late-morning trading; Loonie lower

Toronto and US stocks lower in late-morning trading; Loonie lower The Dow Jones Industrial Average .DJI fell 200.91 points, or 0.75 percent, to 26,627.48, the S&P 500 .SPX lost 23.9 points, or 0.82 percent, to 2,901.61 and the Nasdaq Composite .IXIC dropped 145.58 points, or 1.81 percent, to 7,879.51. [Full Article...]

Unemployment falls to lowest level since 1969 as economy adds 134000 jobs

August's employment report was positive, with unemployment remaining at 3.9 percent and wage growth, which has been stagnant, moving up to 2.9 percent from a year earlier. The BLS reported that manufacturers added 18,000 workers in September, and more importantly, it revised the July and August figures upward by a significant amount. [Full Article...]

Cook County Lawsuit Alleges LaCroix Contains Ingredients Used In Cockroach Insecticide

Cook County Lawsuit Alleges LaCroix Contains Ingredients Used In Cockroach Insecticide A woman came forward alleging that some of the ingredients in this favorite carbonated drink are artificial. For instance, linalool , which is cited as a cockroach insecticide by the law firm, is found in plants like mints and scented herbs. [Full Article...]

Waitrose delivery trial will let drivers into customers' homes

Waitrose delivery trial will let drivers into customers' homes Waitrose delivery drivers will be granted access to customers' homes using Yale smart lock technology, which creates a temporary code facilitating access for a limited period. Profit margins on home deliveries are thin and Archie Mason, Waitrose head of business development, said that the supermarket has been looking for ways to make shopping even more convenient and fit in around... [Full Article...]

Reserve Bank of India surprises all by keeping interest rates unchanged

Reserve Bank of India surprises all by keeping interest rates unchanged Fed Chairman Jerome Powell said on Wednesday the central bank may raise interest rates above an estimated "neutral" setting as the "remarkably positive" economy continues to grow. That contrast leaves the RBI with a "dilemma", Bank of America Merril Lynch (BAML) currency strategist Rohit Garg said. "And if one looks at establishing macro stability, then by having independent-focussed MPC... [Full Article...]

Wi-Fi Alliance adopts friendlier 'generational' naming convention

Wi-Fi Alliance adopts friendlier 'generational' naming convention These odd naming schemes are part of the way the IEEE categorizes these standards, with 802 being local networks, 802.11 is wireless local networks, and the a/b/g/n/ac are different feature sets of those standards. A lot of recent improvements, including those arriving with Wi-Fi 6, involve some clever engineering to squeeze more bandwidth out of the existing 2.4GHz and 5GHz your router already ... [Full Article...]

European shares dip as yields bite ahead of US job data

Federal Reserve chairman Jerome Powell said earlier this week the economy can expand for "quite some time", which also helped the yield curve steepen to its highest in two months. The Japanese yen was little changed versus the greenback at ¥113.89 to the dollar. On the economic front, USA private sector employment increased by 230,000 jobs from August to September, according to research institut... [Full Article...]

Mattress Firm to close 700 stores in an effort to survive

Mattress Firm to close 700 stores in an effort to survive The Houston-based company, which filed for Chapter 11 bankruptcy protection Friday in federal court in DE, did not identify stores targeted for closure. Among the largest unsecured creditors are Simmons Manufacturing and Serta Mattress. Mattress Firm announcing its Chapter 11 bankruptcy, and the closing of 700 stores in certain markets where it has too many locations near each other, includi... [Full Article...]


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