by | January 05, 2019 | 01:33

Oil prices reversed course and turned sharply higher in mid-morning trade yesterday. Global benchmark Brent will remain at around last year's lowest point in 2019 if OPEC members do not stick to the agreed output cuts, JP Morgan's head of Asia Pacific oil and gas believes.

by | January 05, 2019 | 00:42

DXY's up move to the 96.60 region, or session highs, is now an ephemeral memory as a outcome of the dovish tone from Chief Powell's speech at the annual meeting of the American Economic Association. "And particularly with muted inflation readings that we've seen coming in, we will be patient as we watch to see how the economy evolves". He also defended the Fed's rate rises, pointing to strong economic data that suggest businesses and households can handle the higher costs.

by | January 05, 2019 | 00:13

But Cook acknowledged that there's sluggish iPhone demand in plenty of other places, too. "Apple is a great company". It's also harder to lock in users within the iOS system in China, where proprietary Apple services, including iMessages and iTunes, aren't as popular as in the U.S.

by | January 04, 2019 | 21:43

In December, Beijing's commerce ministry said China and the U.S. "made new progress" on the issues of trade balance and intellectual property, one of the main sticking points of the trade dispute, during a phone call between officials from the two countries.

by | January 04, 2019 | 20:45

The Alliance is a non-governmental trade body, so it doesn't appear to have any authority in this regard, but it said in a statement that the Chinese courts should impose "a fine or detention to force Apple perform this order in accordance with the law".

by | January 04, 2019 | 15:56

Since the agreement there have been tentative signs that China is ready to make concessions to the United States in order to lessen the impact of the trade war on its economy, with the Wall Street Journal reporting in December that Beijing is preparing to replace its Made in China 2025 plan with a new economic blueprint that would aim for increased access to China for foreign companies.

by | January 04, 2019 | 15:57

But the uptick didn't continue. According to a Reuters report , Apple reduced its forecast to $84 billion in revenue for the fiscal first quarter that ended on December 29. Patrick Moorhead of Moor Insights & Strategy said Apple may be unable to deliver the double-digit growth than many on Wall Street have been expecting given the current smartphone market.

by | January 04, 2019 | 09:00

When the Rs. 2,000 note was launched, it had been decided that the printing would be "scaled down", since the new high currency value note was meant for "remonetisation", said the official. The remaining is in lower denominations. Many Indian cities had reported a massive cash shortage last April which was believed to be due to hoarding ahead of state elections and in the aftermath of the PNB-Nirav Modi bank fraud.

by | January 04, 2019 | 08:22

Like at other consumer goods companies, the festive season is typically Apple's strongest quarter, but revenues of $84 billion would mark an nearly five percent fall from the same period last year and represent the firm's first year-on-year quarterly decline since 2016.

by | January 04, 2019 | 07:05

Adding to concern about a slowing global economy, a series of purchasing managers' indexes for December mostly showed declines or slowing manufacturing activity across Asia , the main growth region for oil demand. Worries about an economic slowdown and excess supply dragged oil prices from multi-year highs reached in October 2018. "We expect USA (companies) will increase shale oil production continuously over the next year", said Adrià Morron Salmeron, economist at CaixaBank Research.

by | January 04, 2019 | 06:47

Hassett says that Apple and other US companies operating in China, will see their business return in the country if the USA can have a successful negotiation with China. "But right now, China is feeling the blow, really, of our tariffs, and I think that that's an appropriate place for us to have taken the relationship given the amount of stuff that they were stealing from us".

by | January 04, 2019 | 03:42

According to the suit, GM continued the use the workers even though the union rejected a request to extend the temporary employment until the end of this coming February. Closure of the plant would mean the loss of another 1,600 jobs. The lawsuit states that the company still is employing the temporary group of workers instead of workers laid-off at Lordstown and other GM facility.

by | January 04, 2019 | 03:10

On the flip side, more people moved to Vermont than any other state, with a rate of 72.6 percent for inbound migration, the study showed. A majority of people moving to Vermont cited jobs (34.4 percent) and retirement (31.2 percent), while 85 percent of the people leaving the state said they did so for a job.

by | January 03, 2019 | 19:22

Data from S&P Global Platts' cFlow software estimated that Saudi's oil exports fell to 7.523 million bpd in December, down from 8.162 million barrels per day in November. The Saudis have used the price-boosting strategy in the past to shrink USA stockpiles, the most transparent and closely-watched inventories in the world.

by | January 03, 2019 | 18:24

The Lexington Herald-Leader reports the company and a police escort delivered dozens of doughnuts to the city police department Wednesday afternoon. Some members of the police are grieving over a truck that caught fire and loaded with something that is close to their hearts-donuts.

by | January 03, 2019 | 17:48

However, he highlighted how two-thirds of the nearly 148,000 cars sold in Norway past year were powered by fossil fuels or were hybrids - those vehicles with both battery power and an internal combustion engine. The top-selling model was Nissan's electric Leaf auto, as part of a 40% increase in electric vehicle sales to 46,092. The International Energy Agency (IEA), using a slightly different yardstick for electric vehicles that includes hybrids that can be plugged in, showed Norway's share ...

by | January 03, 2019 | 17:36

Apple on Wednesday lowered its forecast to $84 billion in revenue for its fiscal first quarter ended December 29, below analysts' estimate of $91.5 billion, according to IBES data from Refinitiv. The Aussie dollar last traded at $0.6931, down 0.74 percent. Separate stocks in the European Union were also trading lower, with British FTSE 100 losing 0.53 percent, while German DAX and French CAC both dropped more than 1.1 percent.

by | January 03, 2019 | 15:00

Vermont's population is among the smallest in the USA, but a high proportion of people are moving to the New England state from elsewhere in the US, according to a new study. New Jersey residents are on the outs with their state. The top 10 "outbound states" are New Jersey, Illinois, Connecticut, New York, Kansas, Ohio, Massachusetts, Iowa, Montana and MI.

by | January 03, 2019 | 14:43

This will offer protection against malicious devices. The USB Type-C Authentication Program lays the foundation for a new protocol by setting up guidelines that manufacturers can follow. Now, the USB Implementers (USB-IF) has launched a new USB Type-C Authentication Program that aims to mitigate this issue, at least to some extent. According to the USB-IF, authentication can be accomplished either via the USB data bus or with standard USB Power Delivery methods.

by | January 03, 2019 | 14:08

Several trains bound for London Liverpool Street were forced to terminate at Colchester and dozens of trains in and out of the capital were late by 15 minutes or more. The RMT, which uses RPI in pay talks, has resisted Mr Grayling's pleas to link wage rises to the Consumer Prices Index measure of inflation, which is far lower at 2.3 per cent.