U.S. oil prices edge up as market eyes tighter supply

Meanwhile, hopes for thawing China-US relations have also helped ease concerns over slowing economic growth. " You have the sanctions on Venezuela, on top of the reduced supply from Saudi Arabia ", Olivier Jakob, oil analyst at Petromatrix, said ... More..

by | Published more than a month ago
US Unemployment Rises To 4%, January Payroll Blows Away Estimates
by | Monday, February 04, 2019

US Unemployment Rises To 4%, January Payroll Blows Away Estimates

He started seeing more sustained improvements in his last couple of years after an unusually sluggish recovery that began with the Great Recession of 2007. The shutdown ended last Friday after Trump and Con...More..

European Union negotiator, Council chief tell Theresa May: No renegotiation
by | Sunday, February 03, 2019

European Union negotiator, Council chief tell Theresa May: No renegotiation

Members of Parliament narrowly voted through two significant amendments to the Brexit plan: one says there should be no " no deal " Brexit, while the other demands the removal of the contentious "Irish backsto...More..

Fed Changes Course, Signals Pause on Rate Hikes
by | Saturday, February 02, 2019

Fed Changes Course, Signals Pause on Rate Hikes

That is especially so with global companies facing the impact of Trump's trade war with China and the higher tariffs on imports of steel and aluminium (which is hurting the very manufacturers Trump reckoned to...More..

Unemployment Rate Highest In 45 Years, Reveals Stalled Report | Read
by | Friday, February 01, 2019

Unemployment Rate Highest In 45 Years, Reveals Stalled Report | Read

The numbers show that Modi's ambitious Make-in-India project, which aims to lift the share of domestic manufacturing from 17 percent of gross domestic product (GDP) to about 25 percent and create jobs for an ...More..

Trump Says No Final China Trade Deal Until He Meets With Xi
by | Friday, February 01, 2019

Trump Says No Final China Trade Deal Until He Meets With Xi

Liu and a delegation will met with U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steve Mnuchin on Wednesday. "Meetings are going well with good intent and spirit on both sides", Trump wr...More..

Canada to stage Lima Group discussions on Venezuela crisis, Freeland says
by | Wednesday, January 30, 2019

Canada to stage Lima Group discussions on Venezuela crisis, Freeland says

Several EU countries have further said that Mr Maduro has eight days to call elections and end the standoff, or else they will back Mr Guaido. Meanwhile, National Security Adviser John Bolton warned that...More..

United States officially files criminal charges against Huawei executive
by | Tuesday, January 29, 2019

United States officially files criminal charges against Huawei executive

In a separate legal challenge , in Washington state, Huawei is accused of stealing trade secrets from T-mobile USA. In December, Meng was detained in Vancouver at the request of the USA, who continues to ...More..

Oil prices climb as US threatens sanctions against Venezuela
by | Monday, January 28, 2019

Oil prices climb as US threatens sanctions against Venezuela

Geneva-based Petro-Logistics said on its website that Iranian crude and condensate exports in December "fell steeply" from November to less than 1 million barrels per day (bpd) due to US sanctions - lower than ...More..

Venezuelan crisis buoys prospects for Canadian heavy crude oil producers
by | Sunday, January 27, 2019

Venezuelan crisis buoys prospects for Canadian heavy crude oil producers

Venezuela also imports 150,000 b/d of petroleum product from the United States, including 75,000 barrels of diluent - a light hydrocarbon that is used to dilute bitumen so it can be transported in pipelines. O...More..

Huawei's Next Phone Will Have 5G - And Might Be Foldable
by | Sunday, January 27, 2019

Huawei's Next Phone Will Have 5G - And Might Be Foldable

Huawei, the world's biggest producer of telecom network gear, is facing increasing scrutiny in Europe over concerns about its technology. Sales of Huawei smartphones and other consumer products showed "no i...More..

Microsoft's Bing search engine restored in China
by | Saturday, January 26, 2019

Microsoft's Bing search engine restored in China

State-owned telecom giant China Unicom reportedly confirmed the government specifically requested the block, though no other specifics were shared. It remains to be seen if this event will affect Google's contr...More..

FAA: Flights delayed at major U.S. airports due to staffing
by | Saturday, January 26, 2019

FAA: Flights delayed at major U.S. airports due to staffing

The Federal Aviation Administration's restrictions on traffic into and out of New York's LaGuardia Airport have trickled down to Bangor International Airport, causing delays on Friday's flights between Bangor...More..

China's birth rate falls to lowest in 70 years
by | Wednesday, January 23, 2019

China's birth rate falls to lowest in 70 years

The sector - accounting for 8 percent of the economy - grew 6.1 percent in the fourth quarter, accelerating from the previous quarter's 2.5 percent growth. As fears for a sharp slowdown mounted amid uncertainti...More..

Democratic lawmaker offers path for agreement on shutdown
by | Monday, January 21, 2019

Democratic lawmaker offers path for agreement on shutdown

But Trump went on to note that work on the wall is ongoing with or without Democratic support, and that the wall will become a reality regardless of what both the White House and Congress decide to do about e...More..

Cadillac electric crossover previewed
by | Friday, January 18, 2019

Cadillac electric crossover previewed

Cadillac's new electric vehicle announcement follows the brand's push to advance automobiles. "It will represent the height of luxury and innovation while positioning Cadillac as the pinnacle of mobili...More..

Who blinks first will matter in Trump, Democrats’ wall fight
by | Friday, January 18, 2019

Who blinks first will matter in Trump, Democrats’ wall fight

Both chambers are now planning to stay in session over the planned Martin Luther King Day recess next week, given the awful optics of skipping town amid the shutdown. Both sides sought to ratchet up the pressur...More..

Dirhams & Dollars podcast - Tough day for Theresa May
by | Wednesday, January 16, 2019

Dirhams & Dollars podcast - Tough day for Theresa May

Corbyn dismissed her offer as too little, too late. Theresa May in the House of Commons. Giving her reaction afterwards, she was barely able to contain her frustration. McDonnell said it is increasingly like...More..

Ottawa formally requests clemency for Canadian sentenced to death in China
by | Wednesday, January 16, 2019

Ottawa formally requests clemency for Canadian sentenced to death in China

Schellenberg's sentence has further strained relations between China and Canada , already aggravated by the December arrest in Vancouver of Meng Wanzhou , chief financial officer of Huawei Technologies, on a ...More..

House rejects Democrats' bill to reopen government
by | Wednesday, January 16, 2019

House rejects Democrats' bill to reopen government

Chris Coons, D-Del., "The shutdown will eventually take us to a place where the average American is angry at and sick of all of us". President Donald Trump talks to the press about the table full of fast fo...More..