Business News
Oil rises on expected OPEC cuts, but markets wary on trade woes
Oil prices rose on Monday as traders expected top exporter Saudi Arabia to push producer club OPEC to cut supply toward year-end.
Month: November 2018
Business News
Stocks turn mixed, dollar faces rate hike uncertainty
Share markets turned mixed in Asia on Monday amid conflicting signals on the prospects for a truce in the Sino-U.S. trade dispute, while the Federal Reserve’s newly-found concerns over the global economy constrained the dollar.
Business News
Oil prices climb amid expected OPEC cut, but markets remain wary
Oil prices rose around 1 percent on Monday as traders expected top exporter Saudi Arabia to push producer club OPEC to cut supply toward year-end.
Business News
Asia shares inch up, Fed caution curbs dollar
Asian shares crept cautiously higher on Monday amid conflicting signals on the chance of a truce in the Sino-U.S. trade dispute, while the Federal Reserve’s new-found concern on the global economy undermined the dollar.
Business News
Oil rises on expected OPEC cut, but markets remain wary
Oil prices rose on Monday as traders expected top exporter Saudi Arabia to push producer club OPEC to cut supply towards the end of the year.
Business News
Asia shares edge ahead, Fed caution drags on dollar
Asian shares inched cautiously higher on Monday amid conflicting signals on the chance of a truce in the Sino-U.S. trade dispute, while a new-found air of concern on the global outlook at the Federal Reserve undermined the dollar.
Business News
People are our greatest asset. Wanna buy them?
Eastern Europe’s chronic labor shortage is feeding into corporate takeover activity, with some companies making acquisitions to snap up skilled workers or obtain expertise needed to expand their businesses.
Business News
With new CEO, Telecom Italia ‘opera’ edges towards finale
Barely a year into the job as the boss of Italy’s biggest telecoms company, Amos Genish had just finished celebrating a joint venture with electronics group Samsung at a dinner in South Korea when a WhatsApp message arrived sealing his fate.
Business News
PG&E reports another outage on morning when California fire started
California utility PG&E Corp , facing investor concerns over its possible role in the deadly Camp Fire in Northern California, has reported another power-line outage that it experienced on the morning of Nov. 8 when the blaze started.
Business News
Rio Tinto, Nespresso join forces to make coffee pods greener
Nespresso, part of food giant Nestle, aims to use sustainable aluminum in all of its coffee capsules by 2020 under a deal with mining major Rio Tinto announced on Monday.
Business News
DP World chairman says trade tensions will make 2019 challenging
Global ports operator DP World believes international trade tensions such as those between the United States and China will make 2019 challenging but not unmanageable, its chairman said on Sunday.
Business News
Nearly half of German firms expect growing trade strains with U.S.: survey
Forty-four percent of German firms expect a further escalation of trade tensions between Europe and the United States, which is likely to continue to dampen new investments, the RND newspaper chain reported, citing a survey by the IW economic institute.
Business News
Exclusive: U.S. shale firms offer $100 million to aid Texas, New Mexico
More than a dozen top U.S. energy companies have pledged $100 million toward easing stresses on health care, education and civic infrastructure from the shale oil and gas boom in West Texas and New Mexico, the group said on Sunday.
Business News
J.Crew CEO James Brett steps down after short tenure
J.Crew Group Inc, known for its preppy men’s and women’s clothing, said on Saturday that its Chief Executive Officer James Brett is leaving the company, effective immediately.
Trading Ideas
Merry Singles Day! Or, How I Learned to Love the Deal
Mention online shopping and many people will think of Amazon (Nasdaq: AMZN). And that’s perfectly understandable. The online juggernaut has indeed changed the way retail works.
Despite the company’s recent pullback in share price, Amazon still seems unstoppable. But in fact, there is one company that can rival Jeff Bezos’ e-commerce powerhouse: China’s Alibaba (NYSE: BABA), or the Amazon of the Eastern Hemisphere.
Founded in 1999, Alibaba has been enormously successful. It’s so influential, it basically invented its own holiday.
November 11 became Singles Day in China as an anti-Valentine’s Day. It started as an obscure joke holiday for students but became much …read more […]