Thursday October 17-th, 2019

Moe will not cut oil production despite pleas from Alberta's opposition leader Moe will not cut oil production despite pleas from Alberta's opposition leader

Further help could be on the way for the sector, too, according to Ninepoint Partners portfolio manager Eric Nuttall, who expects OPEC will announce their own shut-in of at least one million barrels per day at a summit on Thursday. Alberta Opposition...

Qualcomm says it has 'no plans' to revive failed NXP bid Qualcomm says it has 'no plans' to revive failed NXP bid

American chip maker Qualcomm could reconsider acquiring rival Dutch semiconductor maker NXP after China said they were open to approving the previously blocked deal at a meeting between the United States and China at the G20 summit in Argentina, ...

Quora hacked: 100 million users affected Quora hacked: 100 million users affected

Current actions being taken by Quora include notification of the compromised users, and logging out all Quora users who may have been affected and an invalidation of their passwords. The breach did not affect questions and answers written anonymous...

Canada takes Trump’s threats to withdraw from NAFTA ‘seriously’, Morneau says Canada takes Trump’s threats to withdraw from NAFTA ‘seriously’, Morneau says

Seeking to gain leverage with skeptical lawmakers to approve the revised trade pact, Trump said Congress "will have a choice" as it considers the agreement he signed. Sherrod Brown rejected the president's new trade deal with Mexico and Canada on Sun...

Seven-year-old YouTuber made £17.2m in one year Seven-year-old YouTuber made £17.2m in one year

The channel has racked up 26 billion views and 17.3 million followers since launching in March 2015 with a homemade video of Ryan playing with Lego. Ryan, from Ryan ToysReview , made the hefty sum for his online reviews between June 2017 and June ...

Amazon 'testing cashierless technology for bigger stores' Amazon 'testing cashierless technology for bigger stores'

Inc.is testing its cashierless checkout technology for bigger stores, according to people familiar with the matter. Amazon may have a tough time persuading warier customers who would rather talk to a cashier than launch an app, even if they know it w...

George H.W. Bush's Service Dog Sully Remains by Casket

Sully was sent to Bush by America's VetDogs, an organization that trains and places service dogs with disabled military veterans and first responders. Bush's body will be transported by a motorcade Monday morning from a Houston funeral home to Ellin...

G-20 summit: Nations diverge with United States on climate, trade G-20 summit: Nations diverge with United States on climate, trade

The G-7 summit earlier this year was upended when the USA withdrew its support for the joint statement minutes after its formal publication. The deal is meant to replace the North American Free Trade Agreement, which Trump long denigrated as a "disas...

Alberta orders oil production cut to deal with price differential

Canada is one of the world's largest oil producers, supplying more than 4 million barrels a day, but its heavy crude oil traded in October at a discount of more than $52 a barrel to USA oil due to transportation constraints that made it unprofitable...

US, China agree to halt new tariffs for 90 days: White House US, China agree to halt new tariffs for 90 days: White House

But Brad Setser, a former Treasury official and now senior fellow at the Council on Foreign Relations in Washington, told Bloomberg that much remains to be done. But financial markets, spooked by the potential impact on the world economy, hoped t...

Qatar will pull out of OPEC amid tension with Saudi Arabia Qatar will pull out of OPEC amid tension with Saudi Arabia

Oil prices soared on Monday after Russian Federation and Saudi Arabia renewed an agreement to cap output, while the USA agreed to halt raising tariffs on Chinese imports, stalling a trade row that many feared could hit demand for the commodity.

British tech billionaire Mike Lynch charged with fraud in US British tech billionaire Mike Lynch charged with fraud in US

The FT reported that Stephen Chamberlain , a former Autonomy finance executive, had also been charged. The indictment said: "In or about 2011, Lynch and others met with representatives of HP about a potential acquisition of Autonomy by HP".

Bitcoin searches on Google back on the rise Bitcoin searches on Google back on the rise

Normally, that would not seem like much in crypto markets , but we have a combined market cap of just over $100 billion. Breaking out of it could have allowed the asset to test major resistance levels in the higher range of $4,800 to $5,200, but ult...

Russia’s Putin says no hard figures on possible oil output cuts Russia’s Putin says no hard figures on possible oil output cuts

The chief market analyst at XTB, David Cheetham, stated: "Speculation is mounting that Opec will deliver an output cut when they convene for their bi-annual meeting in Vienna next week, but whether it will be enough to stem the slide remains unkn...

GM's Ammann to shift to Cruise autonomous venture GM's Ammann to shift to Cruise autonomous venture

Ammann's move, announced by GM and Cruise on Thursday and effective January 1, underscores the challenges for legacy automakers as they compete for capital and talent with transport companies born from the digital technology and artificial intelligen...

State Personnel Raid Deutsche Bank Headquarters in Money Laundering Probe State Personnel Raid Deutsche Bank Headquarters in Money Laundering Probe

Some 170 police officers and investigators from the Frankfurt prosecutors office searched the bank's headquarters as well as four other offices and one private home. The investigation is separate from another money laundering scandal surrounding Da...

White House: US, China declare 90-day halt to new tariffs White House: US, China declare 90-day halt to new tariffs

The U.S. and China have agreed to a 90-day truce in a bid to work out their trade differences. The Trump administration has taken a tougher tone against Beijing, stating that the United States is prepared to more than double its tariffs on Chinese ...

Nissan Reveals The Leaf Nismo RC Electric Race Car Nissan Reveals The Leaf Nismo RC Electric Race Car

In addition to the electric all-wheel drive and torque vectoring system, the placement of certain components was meant to help the car's balance as it tackles corners. The AWD system also provides more grip and better handling compared to the model i...

Bayer sells assets and cuts jobs as it takes impairment charge Bayer sells assets and cuts jobs as it takes impairment charge

He also insisted that the moves have nothing to do with potential liabilities faced by Bayer in connection with lawsuits filed against Monsanto over its glyphosate herbicide and alleged links to cancer. It will also divest its animal health divisio...

Japanese airline bosses take pay cut over 'shame' of drunk pilot Japanese airline bosses take pay cut over 'shame' of drunk pilot

Katsutoshi Jitsukawa, 42, has admitted to the charge of drinking at a level that greatly exceeded the country's legal limit for on-duty aviation personnel. He was arrested last month and had earlier pleaded guilty at Uxbridge Magistrates' Court in Lo...

Payless pranks customers, sells low-cost shoes at luxury prices Payless pranks customers, sells low-cost shoes at luxury prices

The chain said it took over the former Armani store in Santa Monica and labeled it "Palessi" before filling it with Payless shoes with inflated price tags and inviting social media fashion influencers to a party at the store. Their reactions will b...

Stocks Surge, Dollar Falls on Dovish Powell Signal: Markets Wrap Stocks Surge, Dollar Falls on Dovish Powell Signal: Markets Wrap

On Wednesday, Powell said the Fed's policy rate is now "just below" estimates of a neutral rate, which investors interpreted as a signal the Fed's three-year tightening cycle is drawing to a close. The Japanese yen rose 0.1 percent. The USD/JPY wil...

Frontier flight to Tampa returns to Vegas with engine damage Frontier flight to Tampa returns to Vegas with engine damage

The airline is working to get the passengers to their destinations while it investigates why the cowling opened in flight. Passengers were given a refund, plus a $500 voucher for future travel on Frontier. "Our pilots followed procedure and immed...

Fedex delivery man folds fallen American flag

He then gets out and initially tries to raise the flagpole himself. A Ferndale family is thanking their FedEx driver for making an unplanned stop to fold their American flag after it went down on a windy day this week. "The FedEx driver saw this ...

United Kingdom minister quits over Brexit deal and access to Galileo space project United Kingdom minister quits over Brexit deal and access to Galileo space project

Mrs May is trying to build worldwide support for the deal at the G20 summit in Argentina. Mr Abe's help in selling the Brexit deal internationally has been taken for granted by Downing Street, which had scheduled a supportive tweet. Back in Augus...

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