Économie

Half a Million Hotpoint and Indesit Washing Machines Withdrawn from the Market

Half a Million Hotpoint and Indesit Washing Machines Withdrawn from the Market It affects certain Hotpoint and Indesit branded models sold between October 2014 and February past year. It is recommended that they are unplugged until they are recalled. Whirlpool recalled certain models of Hotpoint , Indesit , Creda, Swan, and Proline dryers that were built between 2004 and 2015. Old machines will be removed, and replacements installed, at no cost to the consumer. [Full Article...]

China trade deal optimism pushes USA markets to record high

China trade deal optimism pushes USA markets to record high Stock markets eased back on Tuesday after hopes over Brexit and a trade truce between the USA and China had led to a rally and new record highs on Wall Street. The last time it was over $61 was in September. Brent crude, the worldwide standard, added 11 cents to $65.33 per barrel, and natural gas jumped 6 cents, or 2.6%, to $2.36 per 1,000 cubic feet. [Full Article...]

China welcomes preliminary deal in trade war it blames on US

China welcomes preliminary deal in trade war it blames on US On Friday, the Chinese Commerce Ministry announced that Beijing and Washington had agreed upon the "context" of the bilateral phase one trade agreement. However, other tariffs on US goods will remain in effect. "They are not showing enough of it, but it's an improvement", he was quoted as saying. U.S. [Full Article...]

Berlin warned against 5G curbs on Huawei, World News & Top Stories

Berlin warned against 5G curbs on Huawei, World News & Top Stories China is the biggest single market for Volkswagen AG, BMW AG and Mercedes-Benz maker Daimler AG, with each company having invested billions of dollars setting up manufacturing and distribution in the country. The ambassador said Huawei has no legal obligation to provide data to the Chinese government, then reminded the audience that German manufacturers account for a quarter of the 28 mill... [Full Article...]

Bloomberg mis à l'amende pour diffusion de fausses nouvelles

Bloomberg mis à l'amende pour diffusion de fausses nouvelles L'agence Bloomberg a immédiatement annoncé son intention de faire appel. Vinci avait à l'époque rapidement démenti puis déposé plainte "contre X" au parquet national financier pour actes de "diffusion de fausses informations de nature à agir sur les cours", "escroquerie en bande organisée" et "contrefaçon d'œuvre de l'esprit". [Full Article...]

Le CRTC donne raison à Vidéotron contre Bell — Internet en Abitibi

Selon le texte de la décision du CRTC, Vidéotron a approché Cablevision en octobre 2018 pour devenir un client de son service d'accès internet aux tierces parties (AITP). Le tarif général actuel de Cablevision n'a pas été révisé par le CRTC depuis mars 2014. Finalement, il oblige Cablevision à être prête à mettre en œuvre les interconnexions aux points d'interconnexion de Val-d'Or et de Rouyn-No... [Full Article...]

Lawyers for Quadriga customers ask RCMP to exhume founder Gerald Cotten's body

Lawyers for Quadriga customers ask RCMP to exhume founder Gerald Cotten's body The objective of this letter is to request, on behalf of the Affected Users, that the Royal Canadian Mounted Police (the "RCMP"), conduct an exhumation and post-mortem autopsy on the body of Gerald Cotten to confirm both its identity and the cause of death given the questionable circumstances surrounding Mr. [Full Article...]

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...]


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