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Finance

Reuters cited documents released as part of a lawsuit by plaintiffs claiming the product can be linked to ovarian cancer. A case in July, in which a judge ordered the company to pay $4.69bn in damages to 22 parties, was the first to succeed with a claim that the talc caused ovarian cancer.
  • Chinese tech mogul arrested in Canada

    Chinese tech mogul arrested in Canada

    Finance

    Hong Kong's Hang Seng lost 2.5 percent and the DAX in Germany sank 1.8 percent. "People are just as anxious about further adjustments in the U.S. stock market, the inverted yield curve and a slowing economy there", he said. "We'll see more cases like this over the next three months, sanctioning China's state-owned enterprises and individuals, to boost momentum on the USA side", Liu said.
  • Crude Plunges After Saudi's Propose Smaller-Than-Expected Production Cut

    Crude Plunges After Saudi's Propose Smaller-Than-Expected Production Cut

    Finance

    If the 20 or so OPEC members and other nations at the Vienna talks - which account for more than half of the world's oil - continue to pump at current record levels , they risk seeing prices continue to tumble. The Trump administration has sent the country's special envoy for Iran Brian Hook to Vienna , where he held talks with the Saudi energy minister one day before OPEC's 175th meeting.
  • China to 'immediately' implement USA trade truce measures

    China to 'immediately' implement USA trade truce measures

    Finance

    Tuesday's sharp stock fall followed another set of Trump tweets in which he renewed the tariff threat if China did not change its trade restrictions. On a deeper level, however, the truce is between competing factions within the Trump administration that disagree fundamentally over how to pursue relations with China.
  • Sherrod Brown rejects Trump's new trade deal with Mexico, Canada

    Sherrod Brown rejects Trump's new trade deal with Mexico, Canada

    Finance

    The U.S. does about a $1 trillion worth of business each year with the two countries, and Canada (second) and Mexico (third) are America's most significant trade partners. Two other Democratic Senators, Mark Warner of Virginia and Sherrod Brown of OH, fell short of a commitment to back the agreement on Sunday. On another topic, Brown said he has not written off the possibility he will challenge Trump in 2020.
  • Qualcomm says it has 'no plans' to revive failed NXP bid

    Qualcomm says it has 'no plans' to revive failed NXP bid

    Finance

    The Chinese president would be open to approving the acquisition of NXP should Qualcomm propose again, according to the White House. That may mean that NXP's board "could be open to the idea" of an acquisition if they are presented with another offer from Qualcomm, the analysts said.
  • Relief from the USA and China’s trade agreement - Danske Bank

    Relief from the USA and China’s trade agreement - Danske Bank

    Finance

    Asian markets rose after the presidents of China and the USA reached a temporary truce in their trade war. "We didn't really give up anything to China". That said, China is very likely to increase imports of US products and services to help reduce bilateral trade deficit, reportedly a key ask from the Trump administration.
  • Russia, Saudi to extend OPEC+ pact to arrest sliding oil prices

    Russia, Saudi to extend OPEC+ pact to arrest sliding oil prices

    Finance

    Previous bidding on the benchmarks ended at $59,91 $51,45, respectively. And as a reaction to a trade agreement between the USA and China. One of the big uncertainties of the upcoming meeting of major oil producers next week is whether Russian Federation will cooperate with any decision by the Organization of the Petroleum Exporting Countries to reduce production.
  • Trump auto tariff threats may hit U.S. consumers' pockets

    Trump auto tariff threats may hit U.S. consumers' pockets

    Finance

    Volvo recently announced a reduction to its hiring plans and scaling back on the auto company's new assembly plant near Charleston, South Carolina, as a result of the impending higher auto tariffs. As he has done with several companies since he took office, Trump promised retribution for GM if it closes the plants. His tweet continued: "Big Steel is opening and renovating plants all over the country.
  • Oil producers in talks to address market volatility

    Oil producers in talks to address market volatility

    Finance

    Nairametrics had reported that Saudi Energy Minister, Khalid al-Falih , flew to Abuja to meet with his Nigerian counterpart, Kachikwu, ahead of two very important OPEC meetings scheduled to hold in just a matter of days. The biggest snag in Opec's push for a consensus on cutting oil output could come from relentless growth in supply from its second-biggest producer.
  • USA confirms Trump-Putin G20 meeting, Morrison hopeful for his turn

    USA confirms Trump-Putin G20 meeting, Morrison hopeful for his turn

    Finance

    GM makes the Buick Envision in China , but so far this year has shipped fewer than 25,000 of the SUVs to the United States . Mr. Trump is set to meet with his Chinese counterpart, Xi Jinping , on Friday and Saturday during the summit in Buenos Aires , which involves finance ministers and other top officials from 20 of the world's largest economies.
  • Ukraine imposes martial law amid 'growing aggression with Russia'

    Ukraine imposes martial law amid 'growing aggression with Russia'

    Finance

    Russia's Federal Security Service, or FSB, on Monday released videos of three of the sailors in what appeared to be coerced confessions. Three Ukrainian vessels-two gunboats and one tug-were sailing through the Kerch Strait off the Crimean Peninsula when they were confronted by Russian warships, helicopters and fighter jets.
  • Union rep hopeful ahead of GM's shutdown of Oshawa plant

    Union rep hopeful ahead of GM's shutdown of Oshawa plant

    Finance

    Both U.S. vehicle assembly plants scheduled to stop production next year now build slow-selling passenger cars. General Motors Co said on Monday it will cut production of slow-selling models and slash its North American workforce in the face of a stagnant market for traditional gas-powered sedans, shifting more investment to electric and autonomous vehicles.
  • Shoppers hit the stores early for Black Friday bargains

    Shoppers hit the stores early for Black Friday bargains

    Finance

    Target has highlighted the deals that shoppers snapped up the most from stores, which opened at 5 p.m . on Thanksgiving, as well as online, where the sale event began very early Thanksgiving morning. The technology giant believes that online spending is track to hit $6.4 billion by the end of the day. At a Cincinnati mall, Bethany Carrington scored a $29 all-in-one trimmer for her husband's nose hair needs and, for $17, "the biggest Mr.
  • Stores open on Thanksgiving Day

    Stores open on Thanksgiving Day

    Finance

    A lot of people prepare for weeks to score the best Black Friday deals and knock out most of their Christmas shopping. Walmart is open all day Thanksgiving with door buster sales starting on Friday morning. on Thanksgiving Day, with loads of doorbusters, rebates, and discounts . DSW is open 5 p.m. - 10 p.m. Waterloo Premium Outlets : Thanksgiving - 6 p.m.to midnight; Friday - 6 a.m.to 10 p.m.
  • Theresa May’s Brussels trip fails to yield Brexit breakthrough

    Theresa May’s Brussels trip fails to yield Brexit breakthrough

    Finance

    The document refers to the mutual recognition of the European Union and UK's trusted trader programmes and other forms of cooperation to recover taxes and duties, and combat customs fraud. Britain officially leaves the EU - the first country ever to do so - on March 29, 2019, but a withdrawal agreement needs to be sealed soon to leave enough time for the European Parliament and the United Kingdom parliament to endorse it.
  • FDA Investigates New Romaine E. coli O157:H7 Outbreak; Lawsuits Possible

    FDA Investigates New Romaine E. coli O157:H7 Outbreak; Lawsuits Possible

    Finance

    As a precautionary measure, the AVA added that consumers who have bought romaine lettuce and are uncertain where the vegetable was sourced from should throw the lettuce away. coli . Now there are no food recalls associated with this outbreak. The voluntary recall was issued by Conagra Brands due to "a positive finding of Salmonella in a retail sample of Duncan Hines Classic White cake mix that may be linked to a Salmonella outbreak that is now being investigated by CDC (US Centers for ...
  • Internal Nissan inquiry reveals alleged wrongdoing from Carlos Ghosn, Greg Kelly

    Internal Nissan inquiry reveals alleged wrongdoing from Carlos Ghosn, Greg Kelly

    Finance

    Nissan said its internal investigation also found "numerous other significant acts of misconduct ... such as personal use of company assets". Renault's board is due to meet on Tuesday to discuss replacing Ghosn as chief executive. BBC Tokyo correspondent Rupert Wingfield-Hayes said the charges against Mr Ghosn had come to light because of a new law that came into effect in Japan in June, aimed at improving corporate governance and uncovering corporate misdeeds.
  • Prices Stabilizing on Hopes of OPEC-led Production Cuts

    Prices Stabilizing on Hopes of OPEC-led Production Cuts

    Finance

    Oil prices are around a quarter below their recent peaks in early October, weighed down by surging supply, especially from the United States, as well as a slowdown in global trade. Ahead of the bi-annual OPEC meeting on December 6th, expectations have been growing that the cartel will look to cut oil output (by roughly 1-1.4mbpd) in order to prevent oversupply given the slowing demand growth, coupled with the surge in oil production by the U.S.
  • Trump on Trade: 'China Wants to Make a Deal'

    Trump on Trade: 'China Wants to Make a Deal'

    Finance

    At the end of the day, the only way the U.S. is likely to hit the breaks on its stance toward China is if "the voices of the United States big businesses become rowdy enough on the problems that the tariffs are causing", according to Woodward.