Tuesday October 15-th, 2019

Yen and dollar rise as investors seek safety Yen and dollar rise as investors seek safety

Fears of a full-blown financial crisis in Argentina have once again come rushing to the fore. The peso tumbled as much as 25 percent to a record-low 60 per dollar Monday and the Merval stock index lost the most ever in intraday trading.

Diageo signs up premium Cuban rum

Cuban rum brands account for nine per cent of the retail sales value of this growing segment globally. The government-run producer has partnered with Diageo's main rival, Pernod Ricard, on the global distribution of Havana Club rum since 1993 .

Porsche Cayenne hybrid models bring the power Porsche Cayenne hybrid models bring the power

Sitting pretty at the top spot in the German automaker's luxury SUV line-up, the pair of gas-electric trucks demonstrate that one of the great things about electrification is that it can deliver you great heaping piles of power and torque. The Carbon...

Saudi Aramco to buy Reliance oil refining stake for US$15B Saudi Aramco to buy Reliance oil refining stake for US$15B

Saudi Arabia announced plans for an IPO of Aramco three years ago, but the sale was delayed to allow the company to acquire chemicals giant Saudi Basic Industries Corp. If you're still looking for more reasons to be excited about Jio Giber, Relia...

Singapore slashes full-year growth forecast Singapore slashes full-year growth forecast

At the start of the year, when the US-China trade conflict was already under way, the Government was predicting 1.5 per cent to 3.5 per cent growth - a wider-than-usual range, given the uncertainties that lay ahead. In addition, Enterprise Singapore ...

Hong Kong: Stocks end with big losses Hong Kong: Stocks end with big losses

Hong Kong futures dropped more than 1% after regular trading closed Monday. Wall Street was set to open lower on August 12, as investors shunned risky bets on fears that a drawn-out trade war between the United States and China could force the glob...

USA government delays tariffs on phones, laptops and video game consoles USA government delays tariffs on phones, laptops and video game consoles

Those items will be subjected to the tariffs starting December 15. And Trump accused Beijing of continuing to renege on its commitment to buy U.S. agricultural goods. The administration also announced that certain products will be permanently rem...

US delays tariffs on some Chinese goods, drops others US delays tariffs on some Chinese goods, drops others

The top United States trade negotiator on Tuesday said that new tariffs on $300 billion in Chinese-made consumer goods including cell phones, toys and video game consoles would be delayed until December 15. Financial markets have fully priced in a ra...

Allegiant adds new nonstop route to South Bend Airport Allegiant adds new nonstop route to South Bend Airport

To "celebrate" the new route, MidAmerica is offering $69 one-way fares to Florida. "We know local area residents will enjoy our convenient, affordable service to get away to lovely southwest Florida this winter". A new route to Florida is coming to ...

Infrastructure Australia Report puts onus on Government Infrastructure Australia Report puts onus on Government

The Reserve Bank of Australia has called on Morrison to significantly increase infrastructure spending to boost the struggling economy, but the government has so far been resistant to the idea. Mounting costs from traffic congestion, inadequate water...

British economy slows in second quarter, sparking recession fears British economy slows in second quarter, sparking recession fears

A sharp drop in the value of the pound against the euro should have started to hit exports from Ireland to the United Kingdom by making them more expensive and there have been warnings from companies as varied as Ryanair and Kerry Group that Brexit ...

Passenger vehicle sales fall for 9 consecutive months, drop 31% in July Passenger vehicle sales fall for 9 consecutive months, drop 31% in July

Commercial vehicles sales plunged 25.7% to 56,866 units, SIAM said. For an industry, which is now in its 10th month of continually declining sales, July 2019 numbers are a back-breaker. "We are now banking upon the festive season, a largely good mons...

B.C. billionaire makes bid to privatize lumber giant Canfor B.C. billionaire makes bid to privatize lumber giant Canfor

Canadian forestry company Canfor Corporation has received an offer from Great Pacific Capital Corporation. Pattison is already a major shareholder of Canfor and West Fraser Timber, two of the companies that are struggling through a downturn in ...

CannTrust says facility in Vaughan, Ont., rated non-compliant by Health Canada CannTrust says facility in Vaughan, Ont., rated non-compliant by Health Canada

Analysts await CannTrust Holdings Inc . Although the Company , under the supervision of the Special Committee, is preparing a remediation plan for submission to and consideration by Health Canada , Health Canada has advised the Company that it i...

CannTrust says facility in Vaughan rated non-compliant by Health Canada CannTrust says facility in Vaughan rated non-compliant by Health Canada

Its the second recent instance where CannTrust was found by Health Canada to be operating in non-compliant facilities. CannTrust continued to slide on Monday after Health Canada deals the company yet another blow. More troubles for a cannab...

Nike launches Nike Adventure Club, a shoe subscription for kids Nike launches Nike Adventure Club, a shoe subscription for kids

Nike on Monday introduced its first footwear subscription service for children. Customers can choose what style they want, from performance shoes for sport to casual everyday sneakers, and they can also skip months and easily swap sneakers if they...

The Tribunal administratif des marchés financiers (Québec) blocks Groupe Mach's Scheme The Tribunal administratif des marchés financiers (Québec) blocks Groupe Mach's Scheme

Meanwhile a Quebec securities tribunal has cease traded an offer made by Groupe Mach Acquisition Inc. for 6.9 million class B voting shares of Transat. "All options are on the table from now until shareholders meeting", Buggé said. "The shareholder m...

Verizon announces sale of Tumblr to Automattic, the owner of WordPress Verizon announces sale of Tumblr to Automattic, the owner of WordPress

Tumblr is getting a new owner. Verizon seems to be selling it for a song and had been looking for buyers from earlier this year. This took place after the Verizon takeover, and after Tumblr was banned from the Apple App Store after it had emerged t...

U.S. recession concerns rising with trade row: Goldman Sachs U.S. recession concerns rising with trade row: Goldman Sachs

Goldman Sachs stated it lowered its fourth-quarter USA growth forecast by 20 basis factors to 1.8% on a more significant than expected impact from the developments within the trade tensions. Such "policy uncertainty" can also make companies lower t...

Stocks suffer from mounting worries over trade, global growth Stocks suffer from mounting worries over trade, global growth

Interested in Stock Market? Stock-index futures pointed to a lower start for Wall Street on Monday, building on the previous week's decline on lingering worries over U.S. Stocks in Argentina nosedived following a round of primary voting that could...

Global Shares Decline as Trade War Worries Worsen Global Shares Decline as Trade War Worries Worsen

Investors were encouraged by hopes global central banks will keep interest rates low to shore up economic growth. London was unchanged and Tokyo was closed for a holiday. Markets in Japan and Singapore were closed for a holiday on Monday. "The mark...

BlackRock becomes Authentic Brands' biggest shareholder with US$875-million stake BlackRock becomes Authentic Brands' biggest shareholder with US$875-million stake

Singapore's GIC contributed about $150 million in the deal, while Jasper Ridge Partners contributed $80 million. BlackRock Inc's ( BLK .N) new private equity fund Long Term Private Capital (LTPC) has completed its maiden investment, taking up an ...

Not feasible to reinvest in Jet, says Etihad Not feasible to reinvest in Jet, says Etihad

In a statement, Etihad said it declined to lodge an Expression of Interest (EoI) to reinvest in Jet Airways because of unresolved issues concerning the airline's liabilities. "Regrettably, in these circumstances, it was neither feasible for nor res...

Burford Capital alleges 'illegal market manipulation' Burford Capital alleges 'illegal market manipulation'

On Monday, Burford issued a statement to the stock exchange saying it had found evidence of suspect trading patterns last week, around the time Muddy Waters issued its report challenging the company's accounts. Burford pointed to evidence of "spoof...

Olive Garden announces new ‘Lifetime Pasta Pass’ Olive Garden announces new ‘Lifetime Pasta Pass’

The pass will be available to 24,000 diners for $100 a person and the first 50 people to complete their online transaction can "opt-in" for the lifetime version and upgrade for an extra $400. According to a representative from Olive Garden , the wai...

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