No Picture
Trading Ideas

Jeweler Pandora's sales warning leads Europe lower

European shares dipped slightly on Tuesday, a day after hitting their highest levels since 2015, with a sales warning from Danish jewellery maker Pandora dragging on the benchmark index. The pan-European STOXX 600 index fell 0.1%, although declines were capped by a positive tone around U.S.-China trade talks. Tariff-hit miners gained the most among the major European sub-sectors after reports that China was pushing U.S. President Donald Trump to rollback more tariffs imposed in September as part of a “phase one” trade deal. …read more […]

No Picture
Trading Ideas

French arms firm Thales to appeal Zuma corruption charge ruling in S.Africa's top court

French defence firm Thales said on Tuesday it would ask South Africa’s highest court for permission to appeal an October ruling dismissing its request to have charges that it bribed former President Jacob Zuma permanently dropped. Thales is accused of agreeing to pay Zuma 500,000 rand ($34,000) annually for protection from an investigation into a $2 billion arms deal in 1999. The charges against Thales and Zuma were originally filed a decade ago but then set aside by the National Prosecuting Authority (NPA), paving the way for Zuma to successfully run for president in 2009. …read more […]

No Picture
Trading Ideas

Activist Sharpton takes Facebook ad concerns to Zuckerberg's home

Civil rights activist Reverend Al Sharpton said he had a “no-holds-barred meeting” with Mark Zuckerberg at the Facebook Inc CEO’s home on Monday over the company’s decision not to fact-check ads and other content from politicians. The meeting, which Sharpton said lasted nearly two hours at Zuckerberg’s Palo Alto house, included multiple civil rights activists and Facebook’s Chief Operating Officer Sheryl Sandberg. …read more […]

No Picture
Trading Ideas

GLOBAL MARKETS-Asian shares race to 6-month high on hopes of tariff relief

Asian shares vaulted to six-month highs on Tuesday, surpassing their July peaks, as hopes that Washington may roll back some of the tariffs it has imposed on imports from China shored up optimism on the global economic outlook. The CSI300 of mainland Chinese shares jumped 1.3% to move above double-tops marked in the past two months to hit their highest levels since late April, also helped by the People’s Bank of China cutting a medium-term lending rate. …read more […]

No Picture
Trading Ideas

China Wants U.S. to Drop Tariffs on $360 Billion of Imports for Trade Deal

(Bloomberg) — Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. China is seeking the roll back of U.S. tariffs on as much as $360 billion of Chinese imports before President Xi Jinping agrees to go to the U.S. to sign a partial trade deal with President Donald Trump, according to people familiar with the matter.Negotiators asked the Trump administration to eliminate tariffs on about $110 billion in goods that were imposed in September and lower the 25% tariff rate on about $250 billion that began last year, said some of …read more […]

No Picture
Trading Ideas

Gold demand rises as investors grow nervous – WGC

A slew of investment in gold-backed exchange traded funds (ETFs) offset a decline in purchases of jewellery, bars and coins to push global gold demand slightly higher in the third quarter, the World Gold Council (WGC) said on Tuesday. The world’s appetite for gold was 1,107.9 tonnes over July-September, 3% more than in the same period last year, the WGC said in its latest Gold Demand Trends report. “The continued surge into ETFs more than compensated for weaker demand elsewhere,” said the WGC’s head of market intelligence, Alistair Hewitt. …read more […]