Markets

Oil price could fall to $30 if global deal not extended - Novak

Oil price could fall to $30 if global deal not extended - Novak A view shows a well head and a drilling rig in the Yarakta Oil Field, owned by Irkutsk Oil Company (INK), in Irkutsk Region, Russia March 11, 2019. "Slowing global demand appears to be featuring prominently on the markets' collective mind, as the fallout from heightened trade tensions continues to be felt in the global economy", said FXTM's Tan. [Full Article...]

Raytheon and United Technologies Merge To Create A New Aerospace Giant

Raytheon and United Technologies Merge To Create A New Aerospace Giant Waltham-based Raytheon was founded in 1922 and makes missiles - including the Patriot system - and cybersecurity tools. UTC and Raytheon do not compete directly in many markets and the deal may not attract significant scrutiny. Following the merger completion, the combined company intends to spend more than $8 billion in research and development projects. The merger between United Technologies... [Full Article...]

JoJo Siwa's Makeup Kit Recalled After Asbestos Is Found In It

JoJo Siwa's Makeup Kit Recalled After Asbestos Is Found In It Healthcare professionals and consumers are encouraged to report adverse events potentially related to any of the recalled products, by completing and submitting the report online at MedWatch Online Voluntary Reporting Form. The company said it will provide a full refund to those who purchased the product. The young star first gained famed after appearing on the hit show " Dance Moms " when she w... [Full Article...]

Huawei Obtains 46 Commercial 5G Contracts In 30 Countries

Huawei Obtains 46 Commercial 5G Contracts In 30 Countries Banning Chinese telecom companies such as Huawei and ZTE from Europe's roll-out of 5G networks would cost European Union mobile operators up to 55 billion euros ($62 billion), AFP reported, citing an impact assessment by the GSM Association. [Full Article...]

Oil prices rise on likelihood of ongoing OPEC+ supply cuts

Oil prices rise on likelihood of ongoing OPEC+ supply cuts Last week, USA crude oil July futures rose 0.9% and closed at $53.99 per barrel on June 7. On the demand side, analysts remained concerned about a slowing global economy due to the United States' trade war with China. OPEC and its Russia-led non-OPEC allies are withholding a total of 1.2 million bpd of oil supply from the market until the end of June and are set to meet in coming weeks to discus... [Full Article...]

Trump defends tariff threat against Mexico, calls it 'beautiful thing'

Trump defends tariff threat against Mexico, calls it 'beautiful thing' Trump is scheduled to meet both Xi and Russian President Vladimir Putin at the G-20 leaders' summit in Osaka. "Those companies are going to move into other locations and there won't be a tariff", he said. "Had a Democrat gotten in., China would have caught us", he said. The interview was wide-ranging. "Obviously there is something going on in terms of monopoly", Trump said. [Full Article...]

Starbucks launches disposable cups trial at United Kingdom airport

The use of reusable cups in all coffee chains has increased in the United Kingdom - thanks to incentives such as discounts - but anecdotal evidence suggests consumers tend not to bring the cups with them when they're going on holiday. This includes all empty coffee cups and plastics and we also send zero waste to landfill". "What we learn here will provide valuable insight into how to deploy a reu... [Full Article...]

Salesforce buying Tableau Software in $15.7B all-stock deal

Salesforce buying Tableau Software in $15.7B all-stock deal Known for its chart applications and analytics dashboards, Tableau has been broadening its product line to include data cleanup and machine learning tools, enabling it to compete in the wider data-warehousing. Each share of Tableau Class A and Class B common stock will be exchanged for 1.103 shares of Salesforce common stock, the companies said in a statement Monday. [Full Article...]


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