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3 Articles
Source: Global News

Trump says ‘good chance’ trade deal can be struck with China

Today 06:04 GMT

U.S. and Chinese negotiators agreed Friday to extend high-level trade talks through the weekend, and President Donald Trump said he hoped to meet next month at his Florida resort with President Xi Jinping to try to finalize an agreement.

READ MORE: U.S.-China trade war could last 20 years, Chinese billionaire says: ‘It’s going to be a mess’. In front of Liu and the press corps, Trump ridiculed members of his own trade team for using the term “memoranda of understanding,” or MOU, to describe the agreements they were working out with the Chinese. “You either make a deal or you’re not,” Trump said.

1 Article
Source: DW

'Terrorist accomplice' in Anis Amri Berlin Christmas market attack deported

Today 06:04 GMT

The German security forces apparently deported a key suspect in the 2016 Berlin Christmas market attack before he was questioned.

The German Interior Ministry deported a Moroccan secret agent, apparently to hide his involvement in theDecember 2016 Christmas market attack in Berlin, according to an internal document leaked to the German magazine Focus. Bilel Ben Ammar, described by the magazine as a "radical Islamist," was an associate of Anis Amri, the Tunisian man who drove a stolen truck into a crowded Christmas market in central Berlin, killing 12 people and injuring 60 more.

1 Article
Source: Common Domain

For U.K. Homeowners Looking to Trade Up, Now May be the Time to Sell

Today 06:04 GMT

With the U.K. set to leave the European Union on March 29—without any exit deal in place as of yet—tremendous uncertainty looms over the country in the weeks leading up. The impending deadline has already affected real estate markets in the U.K., with transactions dropping 33% from the third to the fourth quarter of 2018, according to a Winkworth report.

More: Real Estate Investments Are Never ‘Recession-Proof,’ but Some Are Safer Than Others. The type of property U.K. homeowners are hoping to sell and its location will influence how successful a sale is, and should be factored into decisions about timing.

1 Article
Source: Common Domain

European markets green as trade talk optimism spreads; SocGen up on cost-cut talk

Today 06:04 GMT

Europe’s markets were positive on Friday, after investor optimism from U.S.-China trade talks spread through the indexes.

As this week’s trade talks between the U.S. and China come to a close, investors are optimistic about progress, with President Donald Trump reportedly set to meet with China’s top trade negotiator on Friday. Although negotiations appear to be moving forward, officials from both sides have reportedly struggled to agree on specific language as they develop the framework of a potential trade deal.

2 Articles
Source: Common Domain

Now’s the time to take out some insurance if trade, Fed don’t go the way stocks want, says UBS chief investment officer

Today 06:04 GMT

Read: The number that shows what Warren Buffett really thinks of Berkshire stock. Read: 9 stocks with dividend yields over 4% in a sector that often beats the broader market. No data, but plenty of Fed speakers on Friday, with New York Fed President John Williams, Fed Vice Chairman Richard Clarida, Fed governor Randal Quarles, Philadelphia Fed President Patrick Harker, St, Louis Fed President James Bullard, San Francisco Fed President Mary Daly all making appearances at the Chicago Booth monetary forum.

1 Article
Source: Global News

Loose Presto rules fuel thriving black market in TTC child passes

Today 06:04 GMT

A Global News investigation has found a thriving online market in children’s Presto passes, which are good for unlimited free travel on the TTC until the child turns 13.

Compass, PRESTO transit passes could be ‘another tool to abusers’: advocates. In mid-February, Global News bought a child pass for $80 in cash at Bathurst station from someone found on Kijiji who said his name was Ricky.

1 Article
Source: Common Domain

Oil prices resume climb, head for strong weekly gain

Today 06:04 GMT

Crude-oil futures snapped back with gains Friday, padding their weekly advance, as U.S. equities and other risk-on markets found traction within cautiously upbeat U.S.-China trade-talk developments.

Oil prices for both benchmarks at midweek had marked their highest settlements since November on signs of tighter global crude inventories. But the U.S. Energy Information Administration on Thursday reported that domestic crude supplies rose a fifth straight week, up 3.7 million barrels for the week ended Feb. 15.

1 Article
Source: Common Domain

Fed gets earful from Fidelity executive for roiling global financial markets

Today 06:04 GMT

Lisa Emsbo-Mattingly, director of research in the global asset allocation group at Fidelity Investments, said the turmoil experienced by financial markets in the fourth quarter was the unwinding of search-for-yield investments put in place by investors as a result of global central bank asset purchases.

“My recommendation [is] for the Fed to think about the implications of not just what their central bank policies are but also in connection with the global financial systems and the other global central banks,” she said. She suggested the next financial crisis may be brewing in “cross-currency markets.”

1 Article
Source: Common Domain

Why Investors Should be Wary as the Unicorns Finally Seek IPOs

Friday 23:39 GMT

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Assuming that the stock market steadies, prospectuses for the first unicorns could be filed with regulators early in the new year, with roadshows for institutional investors likely to begin in February.

1 Article
Source: Common Domain

Asian markets pull back, following Wall Street’s lead

Today 04:14 GMT

Asian shares were mostly lower Friday after a slide on Wall Street as investors nervously watched the U.S.-China trade talks in Washington.

The U.S. Labor Department said fewer workers applied for unemployment benefits last week than economists expected, an encouraging sign that layoffs are low. Investors are cautious about business conditions going forward as signs of weakness in the global economy emerge.

1 Article
Source: Reuters

Hong Kong's pent-up property demand may herald price rebound

Today 04:14 GMT

The outlook for Hong Kong’s property market, the world’s least affordable, has started to firm with some analysts predicting prices could rise as much as 10 percent this year after only a short-lived correction.

CLSA expects the property market to rebound by up to 15 percent from April to the year-end, as capital looks for investment opportunities and pent-up demand from mainland Chinese who are gaining their Hong Kong residency is unleashed this year.

1 Article
Source: Reuters

Cryptocurrency companies use 'backdoor' listings to ease into...

Today 03:19 GMT

Several cryptocurrency exchanges have moved closer to mainstream markets by buying listed companies, looking to raise funds and present themselves as embedded in the traditional financial services world they once spurned.

“Depending on what the companies are planning to do they very well might have to seek regulatory approval from the SEC or the CFTC,” said Richard Levin, chairman of the financial technology and regulatory practice at the U.S. law firm Polsinelli.

1 Article
Source: Global News

Nintendo of America president to retire, Bowser to take the helm

Today 00:34 GMT

No, not that Bowser: senior vice-president of sales and marketing Doug Bowser will replace long-serving president and COO Reggie Fils-Aimé when he retires on April 15, the video game company announced on Thursday.

Laval’s Place Bell hosts thousands for video game world championship tournament. According to Nintendo, Bowser joined Nintendo of America in May 2015 as the VP of sales before being promoted to senior VP of sales and marketing the next year.

1 Article
Source: Common Domain

A Chance to Buy Direct from the Cellar of Chateau Lafite Rothschild

Thursday 06:04 GMT

Château Lafite Rothschild, perhaps the most celebrated of the Bordeaux first growth producers, is providing that opportunity in an extensive live auction of 692 lots, all direct from the cellar of Lafite and other properties owned by Domaines Barons de Rothschild (Lafite).

More than 500 large format bottles will be offered, too, including several imperials (equal in volume to eight bottles), that were signed by Baron Eric de Rothschild and his daughter, Saskia de Rothschild, who has been chair of Domaines Barons de Rothschild (Lafite) since last year.

1 Article
Source: Common Domain

A prominent Wall Street permabear says the stock market is ‘stoned on free money’ and it could ‘prove fatal’

Friday 18:10 GMT

Albert Edwards, global strategist at Société Générale, cautioned on Thursday that stock markets were becoming “stoned on free money,” leaving them “detached from reality.” It’s a condition that the strategist says could “prove fatal,” in the end.

That is to say, he believes that central bankers’ inability to end easy-money policies that had been put in place to address the 2007-09 financial crisis could lead to more risk-taking on Wall Street that could lead to a fresh crisis.


“Four hostile newspapers are more to be feared than a thousand bayonets...” ― Napoléon Bonaparte