Money

by | December 10, 2018 | 17:45

Nissan has also blamed Ghosn for a series of infractions including personal use of company funds. Japanese TV station NHK says that he has now been indicted for under-reporting his salary, and re-arrested over similar allegations dating back several years.

by | December 10, 2018 | 12:40

According to Stats Canada, employment went up by 94,000 in November, driven by full-time work. The local unemployment rate dipped again last month to a near record low, but the numbers aren't entirely rosy. In total, 94,000 jobs were added in the month. While the Barrie-area population increased by about 300 people between October and November, the labour force dropped by 500 and the number of jobs decreased by 200.

by | December 10, 2018 | 08:16

Uber's current valuation sits at $76bn, and its plans for an IPO is expected to see its worth rise to $120bn. San Francisco Ride-hailing giant Uber has filed confidential preliminary paperwork for selling stock to the public. Uber faces a deadline to go public by September 30, and a filing this week suggests the debut will come earlier than that. Uber's food delivery service UberEats has also grown seven times over the past four months.

by | December 10, 2018 | 07:12

However, these days OPEC was facing considerable pressure to keep oil prices down. "Are there enough signs that this US$50-US$55 price range is low enough to limit the growth of USA shale production so 1.2 million barrels is enough, and will it be enough in the face of what we see as a slowing global economic environment?" He said service companies "have all been on the edge of our seat watching OPEC".

by | December 09, 2018 | 23:06

It provides passenger cars, trucks, and light commercial vehicles under the Jeep, Ram, Dodge, Chrysler, Fiat, Fiat Professional, Alfa Romeo, and Abarth brands; and luxury vehicles under the Maserati brand, as well as related service parts and accessories, and service contracts under the Mopar brand.

by | December 09, 2018 | 21:55

Governors and local officials declared emergencies ahead of the storm , diverting funds and manpower to brace for the impact . Very heavy snow is forecast for the Appalachian Mountains, CNN meteorologist Haley Brink said, with Asheville, North Carolina, and Roanoke, Virginia, predicted to get 12-18 inches.

by | December 09, 2018 | 11:01

The November result was substantially weaker than the 189,000 new jobs economists had been expecting to see and also fell short of average gains recorded over the previous year. Overall 2.3 million jobs have been added this year - 12.7 percent above last year's pace of 2.01 million over the same period, according to David Berson, chief economist for Nationwide.

by | December 08, 2018 | 22:11

With the Cronos deal, Altria will get a new opportunity to boost revenue as cigarette smoking continues to decline in the United States. Altria will acquire 146.2 million Cronos shares at a price of CA$16.25 per share, representing a 41.5% premium to the 10-day average price ending November 30, the last unaffected trading day before Cronos publicly disclosed discussions with Altria .

by | December 08, 2018 | 03:52

What is a yield curve? In other words, bond holders were okay with being paid less to tie up their money longer with the USA government. "The focus is now shifting to the inverted US bond yield curve, which has negative connotations, while implying the USA economy is heading towards what was, only a few weeks ago, an improbable economic slowdown", said Stephen Innes, head of trading for APAC at Oanda.

by | December 07, 2018 | 23:47

President Donald Trump agreed Saturday to postpone USA tariff hikes in a fight over Beijing's technology policy by 90 days while the two sides negotiate. On Tuesday, Trump tweeted about the potential for a deal with China, before warning that if a deal wasn't reached in 90 days he would slap more tariffs on China because he was "a Tariff Man".

by | December 07, 2018 | 18:56

U.S. President Donald Trump, Secretary of State Mike Pompeo, national security adviser John Bolton and Chinese President Xi Jinping attend a working dinner after the G20 leaders summit in Buenos Aires, Argentina, on December 1, 2018. "He and I are the only two people that can bring about massive and very positive change, on trade and far beyond, between our two great Nations". The US and China paused a trade war after several months, agreeing to halt new tariffs for 90 days.

by | December 07, 2018 | 14:14

The Nasdaq Composite closed at 7,158.43 for a loss of 283.09 points or -3.80%. Among other Dow components that plunged were Caterpillar , Boeing and Intel which declined 6.93 percent, 4.85 percent and 4.75 percent respectively. US futures also augured a downbeat start for Wall Street after markets were closed Wednesday to mourn the death of former President George H.W. Bush.

by | December 07, 2018 | 06:31

The Wall Street Journal reported in April that US Department of Justice had opened an investigation into suspected violations of Iran sanctions by Huawei . relations". A spokesman for the USA attorney's office in Brooklyn also declined to comment. She faces possible extradition to the United States after a bail hearing on Friday.

by | December 06, 2018 | 22:46

Over the years, she has been director of the global accounting department, chief financial officer of Huawei Hong Kong and president of the accounting management department at the company. "The incident could turn out to be a breaking point", Zhu said. Canada and the United Kingdom have not done so, although Britain's BT Group said it would remove Huawei equipment from sensitive parts of its 4G network.

by | December 06, 2018 | 20:59

The Ministry of Commerce statement described the meeting with the USA as "very successful" and said China is "confident" of implementing the results agreed upon at the talks, but didn't provide any further details on the outcome. Mr. Trump's 10 percent tariff on $200 billion of Chinese goods was set to increase to 25 percent on January 1. But by Tuesday morning, Trump was renewing his tariff threats in a series of tweets .

by | December 06, 2018 | 15:43

Although Russia , the largest producer in the wider group known as OPEC +, agreed to a cut in principle, the eventual size of their contribution remains undefined and will be key to putting together the final deal. His Iraqi counterpart, Thamir Ghadhban, said: "I am optimistic that the agreement will stabilize the market, will stop the slide in the price (of oil)".

by | December 06, 2018 | 09:41

However, the time since August has been a one-way street to new lows. Western Canadian Select (WCS) is the reference price for heavy crude oil from the oilsands delivered at Hardisty, Alta. That figure is expected to shrink as the glut of oil in storage is reduced. In Alberta, the impact could be much higher, between 0.6 per cent and 1.3 per cent over the same period.

by | December 06, 2018 | 04:41

She will have a bail hearing on Friday, he said . "The ban was sought by Ms Meng". Meng, who is the daughter of Huawei founder Ren Zhengfei, is seen as a key figure in the company, serving both on the company's executive team and its board of directors.

by | December 05, 2018 | 01:26

Qualcomm said it's not interested in reviving its collapsed acquisition of NXP Semiconductors . President Trump, who met with Chinese President Xi Jinping over the weekend, said: "If that deal came back to [Xi], he would most likely approve it quickly, which is a big thing".

by | December 04, 2018 | 23:55

China offered more than $1.2 trillion in additional commitments on trade at the Xi-Trump dinner, Treasury Secretary Steve Mnuchin said on Monday. Already there was confusion over when the 90-day period would start. A lack of detail from the Chinese side has left investors and analysts wondering if Trump's exuberance is premature, and if details touted by the White House but left out of Chinese reporting on the agreement are in question.