Markets

Stocks mixed in Asia on Fed rate decision, Japanese data

Stocks mixed in Asia on Fed rate decision, Japanese data The Dow has lost more than 1,000 points in two days. The Nikkei 225 in Japan lost 1.8 percent, the Hang Seng in Hong Kong dropped 1 percent and South Korea's Kospi slipped 0.4 percent. Investors, however, are anxious that the Fed may signal numerous hikes in 2019, which many believe could push the USA economy into overheating. FedEx's warning follows Caterpillar Inc., a bellwether of global gr... [Full Article...]

US, China spar again over trade at WTO review of US policies

US, China spar again over trade at WTO review of US policies EU Ambassador Mark Vanheukelen said the multilateral trading system is in deep crisis and the U.S. is at its epicenter. The heated words, in texts seen by Reuters , were exchanged at the start of a closed-door review of U.S. Earlier, Shea had defended the US position, saying the USA economy is "one of the most open and competitive economies in the world", with among the lowest tariffs globally. [Full Article...]

Facebook 'gave Netflix and Spotify access to private messages'

Facebook 'gave Netflix and Spotify access to private messages' Facebook maintains that none of these partnerships or features gave companies access to information without "people's permission, nor did they violate the settlement with the FTC". Netflix was quick to respond to the report, stating that the company did not access people's private messages on Facebook, or ever asked Facebook for the special access. [Full Article...]

Czech Republic warns against the use of Huawei’s 5G equipment

Czech Republic warns against the use of Huawei’s 5G equipment Global Affairs Canada is the worldwide arm of the Canadian government and provides consular services to Canadians as well as manages the country's diplomatic relations. In an op-ed in the Globe and Mail, Chinese ambassador Lu Shaye said Meng's arrest was a "miscarriage of justice", given that she wasn't charged under Canadian law. [Full Article...]

Boeing finalizes deal to buy majority stake in Embraer for $4.2B

Boeing finalizes deal to buy majority stake in Embraer for $4.2B Boeing would acquire an 80 percent ownership stake in the commercial joint venture for $4.2 billion, the companies said. The companies also agreed to another joint venture to promote and develop new markets for the multi-mission medium airlift KC-390. [Full Article...]

Xi Jinping sets out China's ambitions as world power

Xi Jinping sets out China's ambitions as world power Premier Li Keqiang presided over the meeting at the Great Hall of the People in Beijing. "Reform and opening up let the Communist Party maintain its dictatorship and let it keep its rule from collapsing after the Cold War and survive", Beijing-based political analyst Wu Qiang told Agence France-Presse. [Full Article...]

EUR/USD and GBP/USD Forecast December 19, 2018

EUR/USD and GBP/USD Forecast December 19, 2018 As of writing this article, GBPUSD pair is trading at 1.2659 up by 0.15% on the day as Pound bulls receive positive support from broad based Dollars sell-off ahead of US FOMC . However, despite this the bank appeared cautious about the Eurozone's 2019 economic outlook, cutting its growth forecasts for 2018 and 2019 as well as indicating that Eurozone inflation was likely to weaken in the coming... [Full Article...]

Elon Musk to Unveil Underground Transportation Tunnel in Hawthorne on Tuesday

Elon Musk to Unveil Underground Transportation Tunnel in Hawthorne on Tuesday Musk will reportedly unveil an elevator system that will bring the public's vehicles from the street to tunnel level, as well as autonomous vehicles that could shuttle passengers from place to place at high speeds. Another would take travelers from downtown Chicago to O'Hare International Airport. Separately, SpaceX's launch of a long-delayed navigation satellite for the USA military was halt... [Full Article...]


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