• China said to agree to auto tariff cut as trade talks continue
China said to agree to auto tariff cut as trade talks continue

Articles appear on euronews.com for a limited time. It is a step toward cooling the rising trade tensions between the two countries, but its actual effect on USA automakers may be limited, said Kristin Dzichek, an analyst with the Center for Automotive Research.

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  • Senate passes $867 billion farm bill that would legalize hemp, expand subsidies
Senate passes $867 billion farm bill that would legalize hemp, expand subsidies

Lawmakers passed that rule 206-203 - with the votes of five Democrats , including Maryland Rep. The bill maintains current limits on farm subsidies, but includes a House provision to expand the definition of family to include first cousins, nieces and nephews, making them eligible for payments under the program.

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  • Kotak positive on GAIL, ONGC after OPEC production cut decision
Kotak positive on GAIL, ONGC after OPEC production cut decision

The next OPEC and non-OPEC ministerial meeting will be held in Vienna, Austria, in April 2019 to review the impact of the deal on the global oil market. "As good as it looks, our view is that it will not be able to provide long-term price supports because it could not help global oil inventories deplete".

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  • Oil Prices Jump Over 4% As OPEC Reaches Production Cut Deal
Oil Prices Jump Over 4% As OPEC Reaches Production Cut Deal

Prior to the meeting, specialized media pointed out Riyadh was under pressure from US President Donald Trump , who called for stable oil flows and low prices. On Wednesday morning, things got even more complicated. Zero", he said. "One hundred percent of the revenue that Iran receives from the sale of crude oil will be held in foreign accounts a...

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  • China increases pressure on US, Canada over Huawei executive's arrest
China increases pressure on US, Canada over Huawei executive's arrest

If extradited to the US, Meng would face charges of conspiracy to defraud multiple financial institutions, a Canadian court heard on Friday, with a maximum sentence of 30 years for each charge. Huawei used Skycom's Tehran office to provide mobile network equipment to several major telecommunications companies in Iran, people familiar with the compa...

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  • Tesla's Elon Musk on '60 Minutes': 'I do not respect the SEC'
Tesla's Elon Musk on '60 Minutes': 'I do not respect the SEC'

Mr Musk agreed to a settlement that would allow Tesla oversight of his posts on Twitter , specifically of messages that could lead to share price moves. He scoffed at the idea that [new chairwoman, Robyn Denholm] was put in place to keep him in line. Musk said "it's not realistic" to see Denholm as watching over him, because of his large share...

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  • Uber finally Inches Closer to the IPO Milestone
Uber finally Inches Closer to the IPO Milestone

However, its smaller USA rival, Lyft Inc. had also announced an IPO filing at the same day. However, Uber's IPO brings a positive push that it may open up public debuts of highly valued companies like Slack and Airbnb . In June it was reported by Mashable that Birds' valuation was $2 billion. As part of a push for transparency (and in an eff...

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  • Legal cannabis industry: Altria, Molson-Coors among companies exploring market
Legal cannabis industry: Altria, Molson-Coors among companies exploring market

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 .

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  • Economists React To The November Jobs Report
Economists React To The November Jobs Report

Adult men: 3.3 percent; adult women: 3.4 percent; teenagers: 12.0 percent; Caucasians: 3.4 percent; African-Americans: 5.9 percent; Asians: 2.7 percent; Hispanics: 4.5 percent. But most analysts anticipate the economy will still grow. The leisure and hospitality unemployment rate for the month remained slightly higher than the national average ...

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  • OPEC face steep challenge to reach oil cut deal
OPEC face steep challenge to reach oil cut deal

International Brent crude oil futures fell below $60 per barrel early in the session, trading at $59.50 per barrel at 0144 GMT, down 56 cents, or 0.9 percent from their last close. OPEC sources said the group's de facto leader Saudi Arabia was opposed to exemptions in the deal demanded by Iran , which is under USA sanctions. Analysts said a bi...

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  • UK's May hints at Brexit backstop vote to save ailing deal
UK's May hints at Brexit backstop vote to save ailing deal

Cox advised there was a risk Britain might become stuck in "protracted and repeating rounds of negotiations". "There are those who just want to frustrate Brexit and overturn the vote of the British people". The British parliament is mid-way through a five-day debate on the Brexit deal, ahead of the vote which will define Britain's departure fro...

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  • Canada arrests Huawei’s global chief financial officer in Vancouver
Canada arrests Huawei’s global chief financial officer in Vancouver

He said Meng is sought for extradition by the U.S. "The company has been provided very little information regarding the charges and is not aware of any wrongdoing by Ms Meng". The arrest in Vancouver is related to violations of United States sanctions, a person familiar with the matter said. He refused to provide any details on the circumst...

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  • Qatar quitting OPEC 'bad for oil cartel's and Saudi credibility'
Qatar quitting OPEC 'bad for oil cartel's and Saudi credibility'

Qatar is OPEC's smallest oil producer with around 600,000 barrels per day (bpd) against the cartel's total output of roughly 33 million bpd. "We'd suspect that numerous members are wary of how much influence the United States has over Saudi Arabia and whether this leads to decisions that are not necessarily in the best interests of OPEC", Kelty...

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  • Trump will not be speaking at funeral for George H.W. Bush
Trump will not be speaking at funeral for George H.W. Bush

Bush's service dog, Sully , lying in front of the flag-dropped coffin of his owner has won the hearts of thousands. The nation's 41st president died Friday at his home in Houston at 94. Bush received Sully in June from America's VetDogs nonprofit organization. Bush's family has not said who will speak at the service. He will now work ...

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  • Trump agrees to pause USA trade war with China
Trump agrees to pause USA trade war with China

At Trump's request, China agreed to label fentanyl a controlled substance due to its contribution to the USA opioid crisis. Trump has already imposed new tariffs on about $250 billion worth of Chinese imports, roughly half of all goods China imports to the USA every year.

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  • Dolce & Gabbana founders apologise for controversial China campaign
Dolce & Gabbana founders apologise for controversial China campaign

While it was no doubt meant to be tongue in cheek, a brand the size of Dolce should know when to exercise humour and when to err on the side of caution. Security guards and police officers have been stationed outside Dolce & Gabbana stores in Beijing and Shanghai . Again, racism was cited at its roots.

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  • Trump Says May Cancel Putin Meeting At G20 Over Ukraine Conflict
Trump Says May Cancel Putin Meeting At G20 Over Ukraine Conflict

Kudlow said Trump had told advisers that "in his view, there is a good possibility that a deal can be made, and that he is open to that". China has not agreed to US President Trump's new trade parameters, and as a result, Trump is threatening an increase on the current tariffs and the addition of new ones.

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  • Asahi: Japan prosecutors likely to build new criminal case against Ghosn
Asahi: Japan prosecutors likely to build new criminal case against Ghosn

The board of directors of the giant of the automotive Nissan , which met on Thursday to decide on the future of its iconic president, Carlos Ghosn, has unanimously made a decision to revoke it. Mr Ghosn, a Brazilian-French citizen of Lebanese descent, was detained after turning himself in to prosecutors upon arriving at Japan's Haneda airport on M...

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  • GM to Close 8 Plants, Lay Off Close to 15,000 Workers
GM to Close 8 Plants, Lay Off Close to 15,000 Workers

The Canadian and Ontario governments joined the United States in supporting GM with billions of dollars in aid after the automaker filed for bankruptcy protection during the severe 2009 global economic downturn. Jennifer French, who represents Oshawa in the provincial legislature, said she finds the news "gravely concerning". "GM workers have bee...

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  • Amazon workers held strikes across Europe on Black Friday
Amazon workers held strikes across Europe on Black Friday

But in a statement , Amazon said "the majority of workers on the morning shift" were working and processing orders . As Americans scoured the internet in search of shopping deals on Friday, Amazon .com warehouse workers in Europe were protesting the e-commerce giant - in some cases walking off the job to highlight what they said were unsafe ...

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  • Brexit deal approved by European Union leaders today
Brexit deal approved by European Union leaders today

Dozens of members of her own party have indicated they will not support the deal and the opposition Labour party plans to vote it down. The deal will nearly certainly come with steep costs for both sides, leaving leaders in the extraordinary position of negotiating a split that they nearly all believe will harm their citizens.

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  • Black Friday shoppers trade turkeys for transactions
Black Friday shoppers trade turkeys for transactions

People shop at the Herald Square Macy's Flag ship store for the early Black Friday sales on November 22, 2018 in New York City. The biggest line by 5 p.m.in the Tampa area may have been the one at the Citrus Park Best Buy. They hoped to complete their shopping trip quickly. Most supermarkets are open on Thanksgiving too, though they may have li...

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  • Nissan-Renault rivalry bursts into the open after Carlos Ghosn's arrest
Nissan-Renault rivalry bursts into the open after Carlos Ghosn's arrest

The scandal - the latest in a string to affect Japan Inc. - wiped millions off the stock value of all three companies but Nissan bounced back marginally in opening Tokyo trade, climbing almost half a percentage point in a falling market.

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  • Black Friday deals not such a bargain after all
Black Friday deals not such a bargain after all

Experts say that instead of choosing which day is better for shopping overall, consumers should consider each item on their shopping list on a case-by-case basis to find the best deals on individual items. Should I buy on Black Friday? Other outside access stores, like Barnes and Noble and Scheels, will remain closed. In fact, it was £50 cheaper o...

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  • Lebanon FM throws support behind outgoing Nissan chairman
Lebanon FM throws support behind outgoing Nissan chairman

Shortly afterwards, Nissan said in a statement that it had been investigating Ghosn and Representative Director Greg Kelly for months after a whistleblower report. 3, 2018. But experts said it is unlikely he will be able to stay on there or at Renault, where he is also CEO. A full day that seems not to be almost enough to precisely say what t...

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  • First Brand Named in Turkey Salmonella Outbreak
First Brand Named in Turkey Salmonella Outbreak

Jennie-O Turkey Store consumers with questions about the recall or about cooking raw turkey can contact the company's consumer engagement team at https://www.jennieo.com/contactus or at 1-800-621-3505 from 8 a.m.to 4 p.m. Based on the continuing investigation, additional product from other companies may also be recalled. It has been suggested coo...

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  • More than 400 hurt in French fuel price protests: minister
More than 400 hurt in French fuel price protests: minister

The protesters called themselves "yellow jackets" after the safety vests French drivers are obliged to keep in their cars for emergencies. Police used tear gas to clear the entrance to a tunnel under the Mont-Blanc mountain in the Alps, and to push back demonstrators near the Elysee Palace in Paris and in the centre of Lyon.

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  • Global oil supply jumps, sending prices lower — Energy agency
Global oil supply jumps, sending prices lower — Energy agency

US crude futures lost $3.59, or 6 per cent, to hit $56.35 a barrel, lowest since December 2017, as of 1:45 p.m. EST (1845 GMT), putting it on track for its largest one-day percentage loss since January 2016. This in turn has offered a bounce for oil prices with Brent crude jumping 1.4%, potentially establishing a near term bottom. The recovery in...

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  • Saudi minister calls for 1 mln bpd global oil output cut
Saudi minister calls for 1 mln bpd global oil output cut

After jumping over 1% in early trade, front-month Brent and WTI Crude futures are now trading at $70.70 and $60.63 a barrel, up 0.75% from Friday's closing level. Beyond demand concerns, a big concern for Saudi Arabia and other traditional producers from the Middle East-dominated OPEC is the surge in USA output.

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  • Oil drops as rising global supply forces price U-turn
Oil drops as rising global supply forces price U-turn

West Texas Intermediate crude for December delivery traded at US$61.79 (RM258.28) a barrel at 4.38pm in New York after ending the session at US$62.21 on the New York Mercantile Exchange, the lowest close since April 6. India Friday welcomed the United States announcement allowing it to keep buying crude oil from Iran and said it was examining the ...

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  • Lion Air jet in another accident | worldwide
Lion Air jet in another accident | worldwide

According to Bloomberg , more than 200 737 Max jets are already in use in commercial aviation. Together, there are at least six such aircraft with the two carriers. It's still possible the FAA may order Boeing to redesign the equipment or software as investigators piece together details of the October 29 crash, which killed 189 people.

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  • Lowes to close 51 stores in North America next year
Lowes to close 51 stores in North America next year

According to Bloomberg , the reassessment relates to a renewed focus on the business's large-format locations, with several small-format stores among those to be shuttered. The move Monday came as Mooresville, N.C.,-based Lowe's struggles to compete with rival Home Depot. Shares of Lowe's Companies Inc closed higher for the fifth time in th...

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  • Kudlow less optimistic about US-China trade deal
Kudlow less optimistic about US-China trade deal

US-China talks have made little progress since May, when Trump put a stop to a deal that would see China buy more energy and agricultural goods to narrow the trade deficit. An early-December announcement of a new product list could make the effective date-after a 60-day public comment period-coincide with China's Lunar New Year holiday in early...

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  • Imran Khan hoping for a bailout from China, Pakistan’s ‘all-weather’ friend
Imran Khan hoping for a bailout from China, Pakistan’s ‘all-weather’ friend

The creation of the China-Pakistan Economic Corridor (CPEC) has no relevance to the Indian-Pakistani territorial dispute and will not influence China's stance on Kashmir, the Chinese Foreign Ministry spokesman, Lu Kang, said on Thursday. He said his government and party wanted to learn from China in this area because white-collar crime was very har...

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  • Oil Monthly Forecast - November 2018
Oil Monthly Forecast - November 2018

Structurally oil prices remain bearish as the Brent curve moves deeper into contango (Spot price lower than forward price). Yet over the past 20 trading sessions, oil and stocks both peaked in early October and both have lost almost 10 percent through the end of the month.

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