Markets

White House's Kudlow says U.S.-China talks making progress, could extend

White House's Kudlow says U.S.-China talks making progress, could extend Chamber of Commerce, estimated Tuesday that the two sides are 90 per cent of the way to an agreement but cautioned that "the last 10 per cent is the hardest part, the trickiest part". in order to reduce the trade deficit, with the move shortly sparking a still ongoing trade war, as soon as the Chinese side retaliated with reciprocal measures. [Full Article...]

RBA Holds Cash Rate at 1.5% Yet Again

RBA Holds Cash Rate at 1.5% Yet Again If sales in February rise by 0.2% as forecast it could cause an upswing of support for the "Aussie". The data is due out at 01:30 London time. Australian retail sales fell by -0.4% in December and the lost output is yet to be recovered. [Full Article...]

Brexit: Talks with Corbyn and short delay - Theresa May's next steps

Brexit: Talks with Corbyn and short delay - Theresa May's next steps If the talks between the government and Labour fail to reach a compromise that both can support, May hopes the two sides can come up with mutually acceptable options that would be put up for binding parliamentary votes. "They voted in a referendum, they voted for Brexit". The Government, she wrote to her Tory colleagues this morning , would have "preferred" to get the Brexit deal through the Ho... [Full Article...]

U.S. manufacturing rebounds in March - ISM

U.S. manufacturing rebounds in March - ISM The data provided a strong counterpoint to recent evidence that the economy may have slowed more than anticipated in early 2019. ISM reported that 16 of 18 manufacturing sectors reported overall growth in March, including: Printing and Related Support Activities; Textile Mills; Food, Beverage and Tobacco Products; Petroleum and Coal Products; Computer and Electronic Products; Electrical Equi... [Full Article...]

Minimum wage hike has more benefits for workers than tax credit: FAO

Minimum wage hike has more benefits for workers than tax credit: FAO The FAO commentary released Tuesday says the government's Low-Income Individuals and Families Tax (LIFT) credit better targets the poorest workers and prevents price spikes and job losses caused by higher wages. He argued that the 132,000 jobs created since his party took office in June is a result of their commitment to freeze the minimum wage and suggested with a minimum wage hike to $15, more o... [Full Article...]

Nissan CEO, Ghosn eyed 4-way tie-up, email reveals

Nissan CEO, Ghosn eyed 4-way tie-up, email reveals The case has shaken the global auto industry and marked a dramatic fall from grace for an executive once lauded for his rescue of Nissan from the brink of bankruptcy two decades ago. A Nissan spokesman said the company could not comment on judicial procedures. Ghosn is awaiting trial in Japan on charges that he failed to report $82 million in Nissan pay he had arranged to receive after retirem... [Full Article...]

Waste violation settlement costs Tesla $86,000

Waste violation settlement costs Tesla $86,000 Email the author at sean.okane@theverge.com, or use SecureDrop or Signal to securely send messages and files to The Verge without revealing your identity. While it might not be hard for Tesla to pay the $31,000 penalty for the settlement , the company's violations of environment-related laws could hurt its image as an environmentally friendly company. [Full Article...]

Venezuela: Lawmakers Strip Guaidó of Parliamentary Immunity

Venezuela: Lawmakers Strip Guaidó of Parliamentary Immunity Russia , a major backer of Syria , and China , which has invested heavily in Venezuela's oil industry, back Maduro. Russian officials have scoffed at USA demands to withdraw military personnel, saying their presence in Venezuela is fully legitimate. [Full Article...]


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