Markets

Trump puts off Pelosi travel, citing shutdown - 1/17/2019 1:34:34 PM

Trump puts off Pelosi travel, citing shutdown - 1/17/2019 1:34:34 PM With the address scheduled for January 29, Pelosi wrote a letter to Trump citing security concerns because the Secret Service, which is required to provide security for the address, has not received funding during the impasse. A separate poll found the shutdown has affected four in 10 Americans, far beyond the federal employees directly feeling the impact of the funding lapses. [Full Article...]

Theresa May tells Jeremy Corbyn his conditions for Brexit talks are 'impossible'

Theresa May tells Jeremy Corbyn his conditions for Brexit talks are 'impossible' She says she can't. They will take place the day after she survived an attempt to oust her as Prime Minister, as MPs rejected Mr Corbyn's motion of no confidence in the Government by a margin of 325 to 306. And he said Labour would table further no-confidence motions in the government "if necessary". She and fellow Labour MP Hilary Benn said they had attended in their capacity as parliamentary... [Full Article...]

Trump cancels USA delegation’s trip to Davos summit, Sanders says

Trump cancels USA delegation’s trip to Davos summit, Sanders says The decision to scrap the Davos trip came after Trump hit his chief Democratic opponent Nancy Pelosi with a last-minute cancellation of her plan to take an air force plane to Afghanistan, citing the four-week-old shutdown as a motive. He, in turn, has refused to sign off on government funding, leading to some 800,000 federal employees being off work since 22 December in the longest shutdown in... [Full Article...]

Reserve Bank keeps interest rates steady at 6,75% but confidence remains subdued

Reserve Bank keeps interest rates steady at 6,75% but confidence remains subdued In November previous year, the repo rate was increased by 25 basis points to 6.75%. Changes in the repo rate affect the prime lending rate, which is the rate banks use as a starting point to calculate interest rates for their clients. "While we look forward to a much improved year, the reality remains a sluggish economy and we therefore simply can not afford any further shocks for the economy", he... [Full Article...]

Economic Forum Urges More Collective Will To Tackle Global Risks

Economic Forum Urges More Collective Will To Tackle Global Risks Populism, fake news and political polarization were also named among the 10 most acute risks. The WEF also highlighted environmental degradation as the most pressing long-term global risk and cyber threats as among the most significant potential blind spots. [Full Article...]

This Nissan Altima has TRACKS

This Nissan Altima has TRACKS As you can probably tell by now, the Altima has been equipped with a heavy-duty track system. Created by Quebec's Motorsports in Action, the Altima-te AWD has a Dominator track system from American Track Truck. The total project took 250 hours to complete. Nissan says Canadian company Motorsports in Action, which built the vehicle, had to design and build components to raise the Altima by a ... [Full Article...]

Ryanair blames lower air fares for fall in profits

Ryanair blames lower air fares for fall in profits Europe's biggest low-priced carrier Ryanair has cut its full-year profit forecast as it expects winter fares to fall amid increased competition. Mr O'Leary said: "There is short haul over-capacity in Europe this winter, but Ryanair continues to pursue our price passive/load factor active strategy to the benefit of our customers who are enjoying record lower air fares". [Full Article...]

OPEC moves to avert glut ahead of new oil pact

OPEC moves to avert glut ahead of new oil pact In a monthly report, the Organization of the Petroleum Exporting Countries said its oil output fell by 751,000 barrels per day (bpd), month on month, to 31.58 million bpd in December, due to cutbacks led by Saudi Arabia, Libya and Iran. Oil is still about 20 percent above the lows reached in late December, but analysts said Brent has been trading in the low $60s and USA crude in the low $50s due t... [Full Article...]


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