Markets
China summons US ambassador over Hong Kong bills
It's been a rocky week for USA relations with China, just as the two sides seek a deal to end a damaging trade war. Chinese leaders championed the very concept of elections they reject at home in hopes of showing the world that most in Hong Kong stand with Beijing. [Full Article...]
U.S. crude oil production increases last week
Crude for January delivery climbed well off its lows of the session but still fell $0.30 or 0.5 percent to $58.11 a barrel. Investors are concerned that the move might delay further a preliminary agreement between the United States and China to put an end to their trade war that has slowed global economic growth, and consequently consumption of oil. [Full Article...]
UK Car Production Continues To Fall In "Extremely Worrying" Period
Independent research commissioned by the SMMT calculates that World Trade Organisation tariffs on both imported auto components and exported cars would add over £3bn a year to manufacturing costs-an amount equal to the sector's current annual research-and-development spending. [Full Article...]
Trump Says China Deal in ‘Final Throes’
Britain's FTSE 100 gained 0.4 percent to 7,435, while Germany's DAX picked up 0.3 percent to 13,272. White House adviser Kellyanne Conway also said the two big economies are "getting close" on a "phase one" trade deal. The CAC 40 in France moved from small losses to small gains by midday, at 5,931. One major sticking point has been the rollback of tariffs Trump has imposed, with Beijing dema... [Full Article...]
Act of kindness softens police sorrow over spilled doughnuts
The post asked for thoughts and prayers as the total loss of the doughnuts deeply affected all the department's officers. Officers reportedly "rushed to the scene", but there was nothing they could do. "A series of hashtags included: "#OnlyHalfKidding #TheyLookedDelicious #WeKnowItsAstereotype #NoShame". After posting the photos, the Brookhaven police shared an update showing a box of doughnut... [Full Article...]
RBNZ To Intensify Supervisory Strategy Over Financial Institutions
But it warned that vulnerabilities may increase in the low-interest rate environment. But the proportion of low-deposit lending has increased. "We need to get more confident around bank lending behavior.it's about how are banks managing their higher risk lending behavior", Orr said. [Full Article...]
Geoffrey Foreva: Toys ‘R’ Us Makes Comeback With New High-Tech Store
The store will open to the public at 10 a.m., after a ribbon cutting ceremony and media preview earlier that morning, officials said Tuesday. Since then, the brand's new parent company, Tru Kids, has been hard at work revamping the toy seller's look and feel. [Full Article...]
AAA: Wednesday is NOT the day to hit the road
Specifically speaking, Thanksgiving 2019 will see the second-highest travel volume since 2000, when the organization began tracking it, and the highest since 2005. The Port Authority expects 585,100 passengers will use the airport throughout the holiday weekend. The airport, which has recently become one of the most expensive airports in the U.S., is expected to have more than 92,300 passenger... [Full Article...]