Économie

Lagarde promises wide-ranging review of ECB monetary policy

Lagarde promises wide-ranging review of ECB monetary policy Other themes that were getting attention were Lagarde's plans for a review of the bank's monetary policy framework and how it defines price stability, the goal it is supposed to seek under the European Union treaty. To take pressure off the bank, some have argued for more flexibility around the target, giving the ECB leeway since it has already exhausted conventional policy instruments and relies ... [Full Article...]

U.S. and China reach preliminary trade agreement

U.S. and China reach preliminary trade agreement President Trump will not impose new tariffs on an additional $160 billion of Chinese imports that were scheduled to take effect this weekend, after tentatively signing off Thursday on a so-called phase-one trade agreement with Beijing , according to an administration official close to the process. [Full Article...]

"J'aurai mon propre style", "différent", promet Lagarde — BCE

Il n'y a pas de zone d'atterrissage préconçue à ce stade", a dit Christine Lagarde à propos de cette revue stratégique, comparable à celle déjà lancée par la Réserve fédérale américaine. Les achats d'actifs continueront " aussi longtemps que nécessaire ". "Une fois pour toutes, je ne suis ni une colombe, ni un faucon". "Mon ambition est d'être une chouette, que l'on associe souvent avec une ... [Full Article...]

Oil market to remain oversupplied despite deepening OPEC+ cuts -IEA

Oil market to remain oversupplied despite deepening OPEC+ cuts -IEA Crude inventories rose by 1.4 million barrels in the week to December 6 to 447 million. But one country's increase in production may not have a positive impact in the near future in view of OPEC's decision to curb output in an attempt to keep inventories at a level that holds profit margins attractive. [Full Article...]

Holden Has Axed The Commodore After More Than 40 Years

Holden Has Axed The Commodore After More Than 40 Years In recent years, however, sales of the humble Commy have plummeted, with an estimated 8,700 units shifted in 2019. This is a far cry from its heyday, when the Commodore was Australia's best-selling auto by far, even hitting the 94 000 mark in 1998, according to CarAdvice . [Full Article...]

US jobless claims hit 2-year high

Jobless claims rose by 49,000 to 252,000 in the week ended December 7, Labor Department data showed Thursday. This marked the highest level for claims since 30 September 2017, when it was 257,000. The tightening labor market increases the likelihood they will move this month, especially in light of recent inflation data: the Fed's preferred measure of inflation, released Wednesday, rose to a alm... [Full Article...]

Brent gains with Fed's rate pause causing weaker dollar

Brent gains with Fed's rate pause causing weaker dollar The Fed had been expected to leave its benchmark interest rate unchanged this month after cutting it three times this year to shield the economy from slowing global growth and the fallout of US trade conflicts. Powell again said officials will wait to see the effects of the stimulus provided this year, adding that he expects the current stance to "remain appropriate" until something happens to "ma... [Full Article...]

Maryland real estate firm gives surprise $10M Christmas bonus to its employees

Maryland real estate firm gives surprise $10M Christmas bonus to its employees Edward St. John said that he is "thankful for every one of our employees for their hard work and dedication". John, founder of St. John's Properties in Baltimore , Maryland, and company president Lawrence Maykrantz, gave out 198 bonus checks to their employees during the festivities. [Full Article...]

French unions hold second nationwide marches against pension reform

French unions hold second nationwide marches against pension reform However, unions flatly rejected the proposals. Public services were disrupted around the country for a sixth day, especially in the capital, with only two of 16 metro lines offering full service and nine completely closed. France now has 42 different pension schemes across its private and public sectors, with variations in retirement age and benefits. The government's announcements come on th... [Full Article...]

Former US Fed Chief Paul Volcker passes away

Former US Fed Chief Paul Volcker passes away Passed as part of the Dodd-Frank Wall Street Reform Act of 2010, the "Volcker Rule" was created to keep banks from betting on speculative investments such as mortgage backed securities that contributed to the financial crisis. It is the basis of many current financial regulations. Beginning with his years at the Fed, when he railed against the huge U.S. trade and budget deficits and battled infl... [Full Article...]

China's trade with United States sinks amid tariff war

China's trade with United States sinks amid tariff war Futures for the U.S. S&P500, Dow Jones and Nasdaq indexes were all down a marginal 0.1%. Tariffs on more than $150 billion of Chinese imports could take effect on December 15 if an interim deal is not reached between the two countries. Consequently, South Korea's exports plunged 9.8 percent on-year in the January-September period, the largest margin among the world's top 10 trading nations. [Full Article...]

France: la spéciale grève à la RATP reconduite "jusqu'à lundi"

France: la spéciale grève à la RATP reconduite Les prévisions officielles sont tombées. En Ile-de-France, avec 15% de Transilien en circulation, la situation sera aussi en légère amélioration, après seulement 10% des RER SNCF et trains de banlieue assurés jeudi. Côté métro, seules les lignes 1, 14 et Orlyval fonctionneront normalement et toute la journée. La CFDT-Cheminots s'est ralliée le 27 novembre à la grève du 5 décembre, alors qu... [Full Article...]

Saudi Aramco's IPO proceeds soar to nearly US$30 bil

Saudi Aramco's IPO proceeds soar to nearly US$30 bil But the move has yet to be decided, given the uncertainty surrounding the oil industry's future and Saudi Arabia's confrontation with Iran. Saudi Aramco will probably soon exceed the US$2 trillion valuation targeted by Crown Prince Mohammed bin Salman , his half-brother and Energy Minister Prince Abdulaziz bin Salman said. [Full Article...]

Chinese government to replace foreign hardware and software within three years

Chinese government to replace foreign hardware and software within three years The move will likely hurt foreign tech companies, such as HP, Dell and Microsoft, as 20 to 30 million devices are expected to be swapped with alternatives from Chinese competitors. "China's 3-5-2 programme is just the tip of the new spear", said Triolo. Targets Chinese buyers to switch to domestic technology vendors. However, for the most part, these companies sell to private Chinese companies... [Full Article...]

Ford recalls nearly 262K big pickups; tailgates can open unexpectedly

Ford recalls nearly 262K big pickups; tailgates can open unexpectedly Trucks with mechanical latches are fine. There is reportedly the possibility of water getting into the electronic mechanisms, causing a short circuit, at which time the tailgate may open on its own. The second, which anticipates the possibility of a fuel leak, affects 3,893 units of 2020 Explorer and 2020 Lincoln Aviator SUVs with 3.0-liter engines. [Full Article...]

KFC's Fried Chicken Scented Fire Log Is Back! | Chuck Nowlin

KFC's Fried Chicken Scented Fire Log Is Back! | Chuck Nowlin This year your Christmas morning fire could give you more than warm, it could fill your home with a scent of fried chicken. The logs are made by Enviro-Log and its president and founder Ross McRoy said his company received weekly calls from curious consumers previous year, according to USA Today . [Full Article...]

Le fisc italien exige 1,4 milliard d'euros d'impôts impayés à Fiat Chrysler

Le fisc italien exige 1,4 milliard d'euros d'impôts impayés à Fiat Chrysler En octobre dernier, Fiat a reçu, de la part du fisc italien, un rapport sur un audit mené sur diverses transactions réalisées depuis 2014. But de la manoeuvré présumée: un paiement moindre d'impôts pour cette nouvelle structure née du rachat par Fiat de son homologue américain Chrysler. [Full Article...]

Surging London economy added 5,500 new jobs last month: Statistics Canada

Surging London economy added 5,500 new jobs last month: Statistics Canada She noted the region has seen some weakness in employment levels this year with roughly 14,000 jobs gone when comparing January to November. Employers have added 176,000 jobs, on average, in the past three months. The StastCan report cited joblessness among men aged 25 to 54 was up for the second straight month, while those numbers for women aged 55 and over were also up. [Full Article...]

OPEC nations, Russian Federation look to cut oil output to lift prices

OPEC nations, Russian Federation look to cut oil output to lift prices The group, which pumps more than half the world's oil, agreed in Vienna on Friday to reduce its output target by 500,000 barrels a day, said a delegate, bringing it in line with recent production levels. But they also do not want to lose global market share to the United States, which keeps pumping more oil. However, the group said that "in addition, several participating countries, mainly Sau... [Full Article...]

Uber releases safety report revealing 5,981 reports of sexual assault

Uber releases safety report revealing 5,981 reports of sexual assault The report from Uber focused exclusively on rides in the U.S. and not the 65 other countries where Uber operates, including India, where a driver was sued in 2017 for allegedly raping a passenger. The company also said Uber rides were involved in nine murders during 2018, and 10 during 2017. For instance, Thomson Reuters Foundation 2018 survey says India is the most risky country for sexua... [Full Article...]


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