The category that serves as a proxy for business investment edged up 0.4 percent in May after a 1 percent decline in April. "While core capital goods orders suggest businesses are not fully retrenching as they await clarity on trade and contend with slowing growth overseas, equipment spending still looks set to contract this quarter". [Full Article...]
Last week the Fed said almost half of its policymakers think rate cuts could be needed this year. The pan-European STOXX 600 index fell 0.3 per cent to its lowest level in a week, while Germany's Dax was down 0.15 per cent. Uncertainty about the US-China trade dispute also continued to pressure global markets. Briefing.com said investors took profits after remarks from Fed Chair Jerome Powel... [Full Article...]
The image of Johnson and Symonds looking happy and holding hands led to accusations it had been " staged " to mitigate any negative press. It comes after Johnson's rival for the top job, Foreign Secretary Jeremy Hunt, wrote an article in the Times calling on the former London mayor not to be " a coward " and show up to a Sky News debate on Tuesday. [Full Article...]
American companies may sell technology supporting current Huawei products until mid-August. Micron CEO Sanjay Mehrotra said the company made strong progress despite USA trade restrictions placed on one of its largest customers, the Chinese telecom company Huawei. [Full Article...]
However, sceptics including Peter Schiff , a financial commentator, believe this rally is nothing but a bubble again and others think that it could be due to pump of BTC price. It represents the 1.236 Fib extension level of the last drop from the $11,293 high to $10,523 low. There could be resistance at $11, 688 the March 2018 high and also $11,780 the February 2018 high. [Full Article...]
Mercer's widely recognized survey is one of the world's most comprehensive and is created to help multinational companies and governments determine compensation allowances for their expatriate employees. This global financial centre is followed by Tokyo (2), Singapore (3), Seoul (4), Shanghai (6), and Ashgabat, Turkmenistan (7). Mario Ferraro, Mercer's mobility leader for Asia, Middle East, Afri... [Full Article...]
The plug-in hybrid, carbon-fibre-bodied two-seater is expected to be one of 25 electrified models to be put into production by 2023 as BMW accelerates its shift to electric drivetrains to meet stringent emissions obligations, especially in Europe. [Full Article...]
City Attorney Dennis Herrera weighed in with a statement last week after the city board supported the measure in its preliminary vote. "This temporary moratorium wouldn't be necessary if the federal government had done its job". The city of San Francisco on Tuesday voted to impose a blanket ban on e-cigarettes - making it the first American city to outlaw the sale, distribution and manufacturi... [Full Article...]