Markets


VW's diesel woes reach $30 billion after surprise US hit VW's diesel woes reach $30 billion after surprise US hit
- September 30, 2017

Hatz, by the way, resigned from Porsche past year after being suspended in the wake of the diesel scandal. According to Bloomberg, Hatz was close to former VW chief executive Martin Winterkorn, who has denied any knowledge of the "defeat devices" which allowed vehicles to artificially reduce emissions during tests before their existence was exposed publicly. (more...)
Brent oil rallies as hopes grow OPEC will extend output deal Brent oil rallies as hopes grow OPEC will extend output deal
- September 27, 2017

Not everyone agrees. Oil producers have been stepping up hedging activity as 2018 WTI prices rose above US$50 a barrel, according to analysts from Citigroup and BNP Paribas. These figures confirm beyond all reasonable doubt that the market is rebalancing. After its fifth meeting in Vienna yesterday, OPEC and non-OPEC members said in a statement that the participating members in the agreement have reached a conformity level of 116 per cent in August, the highest since the agreement was ... (more...)
When will Uber stop operating in London? When will Uber stop operating in London?
- September 27, 2017

Transport for London , which regulates private auto services in the city, said that Uber demonstrated a " lack of corporate responsibility " related to various actions like the company's apparent use of a controversial software program called "Greyball" and allegations of sexual assault of passengers. (more...)
Sydney Airport Flights Grounded, Major Delays Expected Sydney Airport Flights Grounded, Major Delays Expected
- September 26, 2017

The airline confirmed the issue with a tweet: "flights are delayed due to an @AirservicesNews system issue". Power in the traffic systems operations went down with air traffic control having to revert to a manual process for departing flights, at a reduced rate. (more...)
The ridiculous expulsion of Uber from London The ridiculous expulsion of Uber from London
- September 25, 2017

London's mayor said Saturday that people angry about the decision by transit authorities to strip Uber of its license to operate in the city should blame the ride-hailing company itself. London's Mayor Sadiq Khan stands by the decision made by TfL. "We'd like to know what we can do to get this right". Customers are also unhappy with the decision of TfL. (more...)
Jason Day surges into the lead at BMW Championship Jason Day surges into the lead at BMW Championship
- September 18, 2017

The 33-year-old regained the stroke with a ideal 20-foot putt at the fifth, although he then missed from four feet for par at the seventh before a nice up-and-down at the par-five next got him back under the card for the day. Rory McIlroy's (300/1) hopes of making it to next week's finale at East Lake appear slim, but a two-under back-nine had him moving in the right direction albeit 15 shots behind the pace-setter. (more...)
USA may sanction oil trade with Pyongyang USA may sanction oil trade with Pyongyang
- September 15, 2017

On Monday, the Security Council passed a US-drafted resolution banning textile exports and restricting shipments of oil products, with the support of North Korea's only ally China. Frustrated US lawmakers called on Tuesday for a high-powered response to North Korea's nuclear tests, saying Washington should act alone if necessary to stiffen sanctions on companies from China, Russia and any country doing business with Pyongyang , Reuters reports . (more...)
Equifax identifies flaw hackers exploited in breach Equifax identifies flaw hackers exploited in breach
- September 15, 2017

It learned of the hacking on July 29. In an unusual move, the Federal Trade Commission confirmed on Thursday that it has opened a probe into the Equifax debacle, which may have compromised the personal information of as many as 143 million Americans. (more...)
Volkswagen to offer electric cars for all models by 2030 Volkswagen to offer electric cars for all models by 2030
- September 13, 2017

Volkswagen has stepped up its shift toward the electric auto and is planning to invest over €20 billion or $24 billion in the zero-emission vehicles by 2030 as it tries to challenge the pioneer in the industry Tesla in creating mass market vehicles. (more...)
With Amazon.com looking for giant new HQ, Bay Area raises hand With Amazon.com looking for giant new HQ, Bay Area raises hand
- September 11, 2017

Based on the company's wishlist of urban amenities it wants in its new headquarters, it sounds like Amazon is trying to avoid those same growing pains this time around. Tulsa Mayor G.T. Bynum has already publically said the city would be a flawless community, and the Tulsa Chamber of Commerce is showing enthusiasm as well for the idea. (more...)
Temple Community Shaken Up By Student's Murder Temple Community Shaken Up By Student's Murder
- September 06, 2017

Philadelphia police said Sunday a body found on property belonging to Hupperterz's relative was identified as Burleigh. Hupperterz was charged with murder , and faces charges of possession of an instrument of crime, evidence-tampering and abuse of a corpse. (more...)
Golfer Lewis to donate winnings Golfer Lewis to donate winnings
- September 04, 2017

Stacy Lewis shot an 8-under 64 on Friday for a share of the lead with two-time defending champion Brooke Henderson and first-round leader In Gee Chun at 10-under 134 at tree-lined Columbia Edgewater. "That's more important than any win". "I have been hitting solid and [gave] myself a lot of really good chances for birdie". Finishing second in tournaments, "sometimes it's your fault, sometimes it's not", she said. (more...)
After North Korea missile, Britain and Japan agree closer security ties After North Korea missile, Britain and Japan agree closer security ties
- September 02, 2017

U.S. heavy bombers and stealth jet fighters took part in a joint live-fire drill in South Korea on Thursday, intended as a show of force against the North after its latest missile launch. Russian Foreign Minister Sergei Lavrov has urged Washington not to use force against North Korea , as tensions surged after the latest missile test by Pyongyang. (more...)
Real GDP Revised Up to 3.0% Growth in the Second Quarter Real GDP Revised Up to 3.0% Growth in the Second Quarter
- August 31, 2017

U.S. economic growth in the second quarter is now thought to be stronger than previously reported, helped by stronger business investments and consumer spending. The Trump administration is targeting tax cuts, deregulation and infrastructure spending to boost growth. Strong growth and a labor market that is near full employment support views the Federal Reserve will announce a plan to start unwinding its $4.2 trillion portfolio of Treasury bonds and mortgage-backed securities next month and ... (more...)
Astros: Tropicana Field will be home away from home
- August 31, 2017

Astros players and fans expressed their appreciation Tuesday night for Tampa Bay's willingness to host this week's series against the Texas Rangers . said after the Rangers refused to swap home series with the Astros. Maybe the Houston Astros will be the team to fill that role in 2017. "We had to look at our players' best interest and we had to look at the integrity of the schedule". (more...)
First comments from Uber's new CEO First comments from Uber's new CEO
- August 31, 2017

Iranian-born Khosrowshahi, 48, will take on the daunting task of mending Uber's image, repairing frayed relations among investors, rebuilding employee morale and creating a profitable business after seven years of losses. He joined from Expedia which, according to a statement from Uber's board, "he built into one of the world's leading travel and technology companies". (more...)
Samsung vice-chairman sentenced to five years in prison Samsung vice-chairman sentenced to five years in prison
- August 26, 2017

Previous reports alleged that the money was paid out to win favor from the country's state pension fund, which supported a merger between two Samsung affiliates in 2015. The billionaire head of Samsung has on Friday been sentenced to five years in prison . It's part of a huge influence-peddling scandal that brought down the government of former President Park Geun-hye. (more...)
Venezuelan Oil Minister to Switch Places With PDVSA Chief Venezuelan Oil Minister to Switch Places With PDVSA Chief
- August 26, 2017

Vice President Mike Pence and a group of fugitives from the Venezuelan justice system was held yesterday". The announcement Friday is likely to worsen Venezuela's economic depression, which has resulted in mass demonstrations against Maduro's government and a hardline crackdown on the country's political opposition. (more...)
Amazon's Whole Foods Market acquisition to close Monday Amazon's Whole Foods Market acquisition to close Monday
- August 26, 2017

Kroger shares were down eight percent yesterday, and Walmart shares fell two percent yesterday as well. Amazon Prime is a $99-a-year service that gives customers faster free shipping, video streaming and other benefits. And - significantly for the parcel delivery industry - Amazon announced that Amazon Lockers will be available in select Whole Foods Market stores. (more...)
Trump says he'll probably kill United States trade pact with Canada & Mexico Trump says he'll probably kill United States trade pact with Canada & Mexico
- August 25, 2017

The leaders of Canada and Mexico have indicated their willingness to work with the Trump administration, and although vague on the exact terms that he will be seeking in a renegotiated NAFTA, Trump has threatened to withdraw from it if negotiations fail. (more...)