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Financiera

USA stocks posted their worst Christmas Eve session ever on Monday, as a flawless storm of concerns drove investors to bail out of a market that was already badly bruised. Stocks climbed in Taiwan and throughout Southeast Asia. The rally in oil prices, and in stocks for that matter, could be due in part to a bounce from oversold conditions, with market participants wanting to buy the dip.
  • China Suspends Additional Tariffs On US-Made Vehicles For 3 Months

    China Suspends Additional Tariffs On US-Made Vehicles For 3 Months

    Financiera

    The tax agency said the suspension that takes effect January 1 is meant to carry out the agreement reached by Presidents Donald Trump and Xi Jinping during a December 1 meeting in Argentina. BMW said on Saturday that it's cutting recommended retail prices of its US-made vehicles in China to reflect the tariff reduction. United States exports to China fell 25 per cent on-year in November as the higher tariffs on hundreds of American goods hurt demand.
  • Coli outbreak traced to California farm

    Coli outbreak traced to California farm

    Financiera

    The U.S. government also narrowed the source of the outbreak to three California counties: Santa Barbara, Monterey and San Benito. A nationwide ban on all romaine lettuce was announced on 20 November, but producers have begun to label packages to indicate where it was grown, and the only remaining concerns are about romaine from the three counties that have been tied to disease.
  • Oil Prices Inch Higher Amid Disruption In Libyan Exports

    Oil Prices Inch Higher Amid Disruption In Libyan Exports

    Financiera

    Oil futures edged higher on Tuesday after paring most of their gains as stock markets turned negative on worries about a possible USA government shutdown. IEA's estimate of 1.9 million barrels per day of increase in non-OPEC supply before these announcements will be adequately curtailed, if these factors are assumed (1) a reasonable compliance for 0.4 million barrels per day of production cut by Russian Federation and other non-OPEC countries, and (2) 0.2 million barrels per day of average ...
  • China to 'immediately' implement United States trade truce measures

    China to 'immediately' implement United States trade truce measures

    Financiera

    Talks during the 90 day period during which President Trump has agreed to suspend U.S. tariff hikes will start by focusing on farm goods, energy and automobiles, said a Ministry of Commerce spokesman. China had been the largest purchaser of USA soybeans, buying $12.25 billion worth of that product in 2017. According to The Wall Street Journal , the tariffs - which are often paid by importers, who then pass the added costs onto companies to whom the products belong - are likely to ...
  • Acuerda OPEP recortar producción de crudo

    Acuerda OPEP recortar producción de crudo

    Financiera

    Los miembros de la OPEP deberán recortar en 800 mil barriles su cuota diaria mientras que sus aliados tendrán que bajar los restantes 400 mil. Sin embargo, Venezuela, Libia e Irán, integrantes del primer grupo, quedarán exentos por sus "circunstancias especiales".
  • Shell se suma a la rebaja de naftas

    Shell se suma a la rebaja de naftas

    Financiera

    Noviembre había arrancado con subas del 5% en ambas, pero a la semana debieron achicar el incremento a la mitad porque YPF , que retiene el 56% promedio del mercado, sólo ajustó 2,5% sus productos. Las naftas de la compañía petrolera estatal YPF bajaron desde este lunes hasta un 1,5% en Córdoba , según informaron fuentes del sector. En ese rubro, en un año se pasó de vender 253 mil metros cúbicos a apenas 180 mil.
  • Canadian oil prices primed to see 'further improvement'

    Canadian oil prices primed to see 'further improvement'

    Financiera

    However, it was Notley's assurances that a decision on curtailing output was coming soon that helped boost heavy Canadian crude prices by 49 per cent last week. She even offered an acknowledgment to the neoliberal zeitgeist of our era: "One never wants to begin by reaching into the market and telling people they have to produce less ..." We look at how industry is reacting, whether it will help Alberta's financial picture, and how federal policy has played a role.
  • Canada Arrests Huawei CFO; Extradition Hearing to US Planned

    Canada Arrests Huawei CFO; Extradition Hearing to US Planned

    Financiera

    China has demanded her release , calling the arrest a human rights violation. The arrest came days after President Donald Trump met with Chinese President Xi Jinping to discuss the two nation's escalating trade dispute. In response, a spokesman for the Chinese embassy in Canada said in a statement that "the Chinese side firmly opposes and strongly protests over such kind of actions" and urged the authorities "to immediately correct the wrongdoing and restore the personal freedom of ...
  • Bank of Englands Carney hits back at critics of Brexit scenarios

    Bank of Englands Carney hits back at critics of Brexit scenarios

    Financiera

    Britain's vital financial sector could be undermined if MPs reject the Prime Minister's Brexit deal and instead push for the United Kingdom to adopt a Norway-style settlement, Mark Carney and his deputies have warned. There is a "low probability that all these risks would happen at the same time". "We're already sleeping soundly at night, because we have the financial sector, the core of the financial sector, in a position that it needs to be for a tough scenario", he said.
  • White House contradicts Trump, says there's no deal with China

    White House contradicts Trump, says there's no deal with China

    Financiera

    The scheduling of fentanyl was part of a package deal, offered by Xi to stop Trump from raising tariffs on some $200 billion worth of Chinese goods. If they can't, the higher USA tariffs will go into effect on the $200 billion in Chinese imports. Kudlow said he pressed China on its promise to make changes to tariff and non-tariff barriers "immediately".
  • U.S., China agree to trade war truce

    U.S., China agree to trade war truce

    Financiera

    Trump has imposed import taxes on $250 billion in Chinese products - 25 percent on $50 billion worth and 10 percent on the other $200 billion. The agreement, hashed out over steak in the Argentine capital Buenos Aires , lowers the temperature in a conflict that has spooked world markets.
  • Fed emphasises flexible policy path after likely December hike

    Fed emphasises flexible policy path after likely December hike

    Financiera

    The upcoming interest rate decision-which will come December 19- will serve as a big signal for both the Fed's conviction for continued economic growth as well as the equity market's resilience to yet another hike. Tom Porcelli of RBC Capital Markets said investors were wrong to interpret Powell's words as "dovish". "Interest rates are still low, by historical standards, and they remain just below the range of estimates of that level, that would be neutral for the economy", said Powell.
  • Interview: Xi's visit to further strengthen Argentina-China ties, says Argentine FM

    Interview: Xi's visit to further strengthen Argentina-China ties, says Argentine FM

    Financiera

    Wendy Cutler, a former U.S. trade negotiator now at the Asia Society institute in the United States , said the best to expect at the G20 would be a "ceasefire" as both sides agree to go back to talks. "I really don't know, but I will tell you that I think China wants to make a deal", he continued. Washington has kicked off the process of putting tariffs and investment restrictions on Chinese companies, while taking the Middle Kingdom to the World Trade Organization for dispute settlement.
  • Dólar Hoy: el billete bajó, pero se mantiene cerca de los $40

    Dólar Hoy: el billete bajó, pero se mantiene cerca de los $40

    Financiera

    En cambio, en la City porteña la divisa avanzó 39 centavos: se compró a $37,70 y se vende a $39,66. Además, se destacó que "el BCRA va a camino a sobrecumplir por segundo mes consecutivo su objetivo de crecimiento nulo de la base monetaria y seguirá monitoreando atentamente el mercado monetario para absorber todo exceso de liquidez que pudiera existir".
  • Trump threatens to cut subsidies for GM after layoff, plant closure announcement

    Trump threatens to cut subsidies for GM after layoff, plant closure announcement

    Financiera

    The automaker says the decision to reduce American production has to do with reduced demand for cars like the Chevrolet Cruze, which is built at the OH plant, and an overall strategic shift towards more popular crossover and SUV models. Oshawa assembly plant in Oshawa, Ontario, Canada, on Monday, Nov. 26, 2018. The company also said it will stop operating two additional factories outside North America by the end of next year, in addition to a previously announced plant closure in Gunsan, ...
  • Microsoft, Apple battle to be most valuable United States company

    Microsoft, Apple battle to be most valuable United States company

    Financiera

    Amazon's shares have also been swooning. its market cap is now around $US768 billion. Apple's market capitalization overtook Microsoft's in 2010 as the maker of Windows software struggled with slow demand for personal computers, due in part to the explosion of smartphones driven by the iPhone.