Finance

Finance Holden dumps Commodore from line-up
Author: 0 Holden dumps Commodore from line-up

This year it is projected to come in at about 8,700 units. 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 . "The large sedan was the cornerstone of Australian and New Zealand roads for decades", he stated earlier today. "So far this year SUVs and Utes have increased to 76 percent of Holden sales, a trend we only see continuing".

Finance United Kingdom economy flatlines ahead of Brexit-dominated election
Author: 0 United Kingdom economy flatlines ahead of Brexit-dominated election

Production fell by 0.7 percent during the three-month span with widespread declines across several manufacturing industries, while the construction industry tumbled by 2.3 percent in October alone. Commenting on the data, John Hawksworth PwC's chief economist placed the blame on continued Brexit uncertainty which led to a "loss of momentum" in the economy: "Growth seems likely to remain subdued through the rest of 2019, but we would hope for a gradual revival in activity over the course of ...

Finance Aramco IPO Valuation 'a Little Lofty,' Tortoise's Thummel Says
Author: 0 Aramco IPO Valuation 'a Little Lofty,' Tortoise's Thummel Says

Funds from the IPO "should be invested, in domestic projects, with a large local content, while avoiding white elephants", according to Ziad Daoud, chief Middle East economist at Bloomberg Economics. Energy minister Prince Bin Salman said on Friday he believes Aramco will reach a $2tn valuation once listed. Moreover, the huge stock exchange would aid in meeting the Vision 2030 plan of Mohammed bin Salman.

Finance OPEC, allies agree to oil production cuts
Author: 0 OPEC, allies agree to oil production cuts

Brent oil rose 2% to more than $64 a barrel after Saudi Energy Minister Prince Abdulaziz bin Salman said effective cuts could be as much as 2.1 million bpd as Saudi would carry on cutting more than its quota. Ahead of the meeting, Russia's oil producers adopted a tough stance , telling Novak they would refuse to countenance deeper production cuts until the current deal was up for renewal in March 2020.

Finance Oil steadies after brief slide on Trump's US-China trade comments
Author: 0 Oil steadies after brief slide on Trump's US-China trade comments

Oil prices steadied around $61 a barrel on Tuesday as rising expectations of deeper output cuts from OPEC and its allies were countered by a potential delay to a US-China trade agreement until after the next US presidential election. Oil gained on December 4 ahead of an expected extension to production curbs by OPEC and its allies, with further support from industry data showing a larger than forecast drop in US crude stockpiles.

Finance US Bill supporting Hong Kong rights heads to Trump’s desk
Author: 0 US Bill supporting Hong Kong rights heads to Trump’s desk

About 1,000 have either surrendered or been arrested. "The black force say they want to fight for freedom but now people can not even express their views freely". Tokyo's Nikkei 225 index declined 0.6% to 23,148.57 after customs data showed the country's exports falling 9.2% in October from a year earlier, with sharp declines in shipments to China, South Korea and the U.S.

Finance Lowe's Canada closing 34 underperforming stores, including two Rona's in Durham Region
Author: 0 Lowe's Canada closing 34 underperforming stores, including two Rona's in Durham Region

Lowe's could attract more "regular shoppers" by distinguishing itself from Home Depot, he added, stressing "the softer side of home improvement". Lowe's bought Rona in 2016 in a deal valued at $3.2 billion. Lowe's remains in the midst of a catch-up period against chief competitor Home Depot "after underperforming for several years", said Elizabeth Suzuki, an analyst at Bank of America Merrill Lynch.

Finance Tesla picks Berlin for European Gigafactory
Author: 0 Tesla picks Berlin for European Gigafactory

US electric vehicle pioneer Tesla TSLA.O will build its first European factory and design center near Berlin to produce cars "Made in Germany " as it seeks to burnish its reputation for reliability and sporting prowess. The moves come as the firm, which has also invested heavily in a Chinese factory, faces intensifying competition in the electric vehicle industry. The map below shows where the factory is going to be built .

Author: 0 Tesla to build first European factory in Germany

Speaking at the Golden Steering Wheel Awards, Musk said last night the new European Gigafactory battery facility would be based in the Berlin 'burbs, close to the site of the as-yet-unopened Willy Brandt Airport at Berlin Brandenburg. "When we started out at Tesla everyone thought we were huge fools-and I thought we were fools too, frankly-but I thought it was important to get to a sustainable energy future".

Finance The world's billionaires lost a total of US$388 billion in 2018
Author: 0 The world's billionaires lost a total of US$388 billion in 2018

The total assets of local billionaires shrank by 78 billion dollars to 500.9 billion dollars within a year. The net worth of China's richest dropped 12.8 per cent in dollar terms on the back of tumbling stock markets and a weaker local currency and as growth in the world's second-largest economy slowed to its lowest level in almost three decades in 2018, the report found, knocking dozens off the billionaires' list.

Finance Hong Kong protesters clamor for release of detained activist
Author: 0 Hong Kong protesters clamor for release of detained activist

That symbolizes the five demands of Hong Kong's protest movement for direct elections, amnesty for arrested demonstrators and other wishes. Apple's troubles in China follow scrapes by numerous other western corporations who have run afoul of Chinese nationalism, often whipped up by state media, and come in the wake of the National Basketball Association (NBA)'s dispute with Beijing after Houston Rockets manager Daryl Morey Tweeted his support for the Hong Kong protest movement.

Finance No-deal Brexit would push United Kingdom debt to 50-year high
Author: 0 No-deal Brexit would push United Kingdom debt to 50-year high

Under current spending rules the government can only borrow up to 2% of national income. Not only is every spending department about to see a budget increase , we have a Conservative government set to increase day-to-day spending on public services to a level far closer to what Labour promised in its 2017 manifesto than to what was implied by the Conservative manifesto.

Finance Pizza Express 'Hires Financial Advisers' Ahead Of Debt Talks
Author: 0 Pizza Express 'Hires Financial Advisers' Ahead Of Debt Talks

The restaurant chain has hired advisers at corporate finance firm Houlihan Lokey to prepare for debt talks with creditors amid hard trading conditions for casual dining chains in the UK. Leigh Sparks, professor of retail studies at Stirling University, said: "The cost of doing business is a major issue right hnow and there is no reason that Pizza Express would be immune to that".

Author: 0 Corn, soybean harvest lagging behind

Growers have struggled due to low prices, the U.S. The most active corn contract for December delivery was up 0.75 cent, or 0.2 percent week on week, to close at 3.715 dollars per bushel on Friday. Harvested was 8%, behind 16% past year and 11% average. Chinese buyers have recently made a string of purchases, though, including up to 600,000 tonnes on Monday, according to traders.

Finance The Best Wallpapers for iPhone 11 and iPhone 11 Pro
Author: 0 The Best Wallpapers for iPhone 11 and iPhone 11 Pro

In a new video, Nelson has put Apple's latest iPhone 11 to the test - prices for the most affordable of the new iPhone 11 series start at RM3,399 - and the results may surprise some. You don't even get an indicator in the Camera app to tell you it's working its magic. The Deep Fusion process goes a little something like this. Apple may only have just launched the iPhone 11 and iPhone 11 Pro models, but rumours surrounding the 2020 models have already been doing the rounds for the ...

Finance Rebekah Neumann will reportedly step down from roles and titles at WeWork
Author: 0 Rebekah Neumann will reportedly step down from roles and titles at WeWork

We scrapped plans for an initial public offering last month after investors balked at the company's sky-high valuation. The decision, taken at a board meeting on Tuesday, follows a challenge to Neumann's authority by his biggest investors, including Japan's SoftBank Group Corp, venture capital firm Benchmark Capital and Chinese private equity firm Hony Capital, the sources said.

Finance Petrol, diesel prices rise for 6th day straight
Author: 0 Petrol, diesel prices rise for 6th day straight

European nations, including Britain, still adhere to an worldwide deal created to limit Iran's nuclear ambitions, but Trump has pulled the US out of the agreement. However, he gave no details, saying only that peace in the Strait of Hormuz could be achieved "in co-operation with various countries". Rouhani also promised to unveil a regional peace plan at the upcoming United Nations meetings.

Finance Bezos to speak on sustainability ahead of global climate protest
Author: 0 Bezos to speak on sustainability ahead of global climate protest

Amazon is the first company to sign the pledge. "It's a hard challenge for us because we have deep large physical infrastructure". "When invention gets involved, when people get determined, when passion comes out, when they make strong goals, you can invent your way out of any box".

Finance 'Undeniable': Saudi Arabia says remnants of drones show Iran link to attack
Author: 0 'Undeniable': Saudi Arabia says remnants of drones show Iran link to attack

US President Donald Trump waves from Air Force One after landing in Mountain View, Calif., on September 17, 2019. An adviser to Iran's president tweeted that the press conference proved Saudi Arabia "knows nothing". Saudi Arabia's finance minister told Reuters on Wednesday the attack had no impact on revenues and Aramco was continuing to supply markets without interruption.