Markets

Plane Makes Emergency Landing At Sydney Airport

Plane Makes Emergency Landing At Sydney Airport But on the ground, law enforcement reacted swiftly to the alert, sending teams to the scene. A United Airlines flight has landed safely at Sydney Airport after issuing a mayday call due to low fuel reserves, authorities have said. "It doesn't mean you're running out of fuel, you've still got plenty of fuel left, but it's a precaution to say: 'I'm down to my reserve and I need to come in as quick... [Full Article...]

India Introduces Fuel Relief On Rising Prices At The Pump

India Introduces Fuel Relief On Rising Prices At The Pump In a relief to consumers, the Centre on Thursday cut petrol and diesel prices by Rs 2.50 per litre and also asked the states to effect similar cuts. Oil prices were on freeze for 19 days during the Karnataka Assembly polls in May this year despite a spike in global crude prices. They were raised a day after the polls got over. [Full Article...]

Canada's largest private sector project: US$ 32bn LNG export terminal

Canada's largest private sector project: US$ 32bn LNG export terminal This project is to build a liquefied natural gas plant in the country, and will be the largest of its kind that would subsequently carve out the fastest route for gas to be transported from North America to Asia. The joint venture aims to start production in the mid-2020s. Trudeau says providing Asia with natural gas will help many countries kick their coal habit. [Full Article...]

Brexit deal on Irish border is in sight, says EU

Brexit deal on Irish border is in sight, says EU Anti-Brexit supporters demonstrate outside the conference centre at the annual Labour Party Conference in Liverpool, Britain, September 23, 2018. Last month, Theresa May said MPs will have a choice between her proposed Chequers deal with the European Union and a "No Deal" exit based on standard World Trade Organization (WTO) terms, claiming Brexiteer plans for a trade deal would create a "... [Full Article...]

Pence accuses China of meddling in US

Pence accuses China of meddling in US Vice President Mike Pence escalated Washington's pressure campaign against Beijing on Thursday by accusing China of "malign" efforts to undermine President Donald Trump ahead of next month's congressional elections and of reckless military actions in the South China Sea. [Full Article...]

Amazon's $15 an hour a win? Not so, some veteran workers say

Amazon's $15 an hour a win? Not so, some veteran workers say Amazon will phase out the Restricted Stock Unit, or RSU, grant program for stock which would vest in 2020 and 2021. Bloomberg on Wednesday reported that Amazon will remove workers' bonuses and stock awards. Amazon announced on Tuesday (October 2) that they will be raising the minimum wage for their USA full-time, part-time, seasonal and temporary employees to $15 starting on November 1. [Full Article...]

US Unemployment Rate Falls To 49-Year Low Of 3.7 Percent

US Unemployment Rate Falls To 49-Year Low Of 3.7 Percent The good news does not necessarily mean that Americans are being paid better, however - the average hourly wage was up just 2.8% compared to the same time past year. Economist Justin Wolfers said September's data pushes up annnualized wage growth to a healthy 3.8%. Construction companies hired 23,000 more workers last month after increasing payrolls by 26,000 jobs in August. [Full Article...]

Fed chair says gradual rate hikes best approach

Fed chair says gradual rate hikes best approach Speaking at the 60th Annual Meeting of the National Association for Business Economics, Powell said the "historically rare pairing" of low inflation and low unemployment shows that US economy remains in "extraordinary times". "I am glad to be able to stand here and say that the economy is strong, unemployment is near 50-year lows, and inflation is roughly at our 2 per cent objective", Powell said. [Full Article...]


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