Markets

Instagram co-founders resign to explore 'creativity again'

Instagram co-founders resign to explore 'creativity again' A reason for their departures wasn't immediately known. Mr Systrom, who heads the popular photo-sharing app launched in 2010, said they were taking some time off to "explore our curiosity and creativity". Their departures will be problematic for Facebook, and follow closely behind the resignation of Jan Koum WhatsApp's chief executive officer, who quit over adverts on the service. [Full Article...]

Trump tariffs: Higher prices possible for these products

Trump tariffs: Higher prices possible for these products President Trump, who has accused Beijing of exploiting the USA on trade, wants to reduce China's $375.6 billion goods trade surplus with America. By essentially limiting USA access to one of the most important gas markets, the tariff could have a chilling effect on the next wave of US gas export projects under planning. [Full Article...]

Deputy Attorney General Rod Rosenstein expects to be fired

Deputy Attorney General Rod Rosenstein expects to be fired Senior Republicans are advising President Trump to go slow on making a decision about firing Rosenstein. "I will not further comment on a story based on anonymous sources who are obviously biased against the Department and are advancing their own personal agenda", Rosenstein added. [Full Article...]

OPEC won't react to Trump's threats, pushing Brent crude oil prices higher

OPEC won't react to Trump's threats, pushing Brent crude oil prices higher The U.S. trade balance between imports and exports widened during that time, with net imports reaching 4.54 million barrels per day in August, up 56 percent from two months prior. The U.S. shale oil boom has dramatically reshaped the energy landscape turning the country into a major oil producer - on track, in fact, to be the largest producer this year according to the Energy Information Administr... [Full Article...]

Ltd. to acquire Farm Boy

Ltd. to acquire Farm Boy Empire chief executive Michael Medline says the company is hoping to double the size of the Farm Boy business. The deal, which is expected to close in early 2019, is meant to ramp up Farm Boy's face in the GTA and southwestern Ontario through new stores and Sobeys store conversions. [Full Article...]

Grab and Uber Fined By Singapore's Competition Comission Over Merger

Grab and Uber Fined By Singapore's Competition Comission Over Merger The latest directions include ensuring that Grab drivers are not required to use Grab exclusively; removing Grab's exclusivity arrangements with any taxi fleet in Singapore; and requiring Uber to sell the vehicles of Lion City Rentals to any potential competitor who makes a reasonable offer, or to Grab but only with CCCS's approval. [Full Article...]

Uncertainty Over Lost Production from Iran Sanctions Still Driving Upside Momentum

Commodity traders Trafigura and Mercuria said they expected Brent crude to climb above $90 by Christmas and to pass $100 early in 2019. Reuters reported that oil prices rose about 2% today as markets tightened ahead of Washington's new sanctions against Iran , with some traders forecasting a spike in crude to US$100 per barrel. [Full Article...]

SiriusXM To Acquire Pandora

SiriusXM To Acquire Pandora SiriusXM has 36 million subscribers across North America and more than 23 million trial listeners, the company said in a statement. But it also appeared to leave open the possibility of a shift, saying there would be "no immediate change in listener offerings". [Full Article...]


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