World News

EU’s Malmstrom hopes European Union will approve draft Brexit deal 

Jack Taylor | Getty Images News | Getty Images Pro-EU protesters demonstrate against Brexit with flags outside the House of Parliament on November 13, 2018 in London, England.  European Union Trade Commissioner Cecilia Malmstrom told CNBC on Wednesday she hopes which EU member states will approve the fresh draft Brexit deal which U.K. Prime Minister Theresa May secured among her ...

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US Vice President Mike Pence meets with Aung San Suu Kyi

Suu Kyi, responding to Pence, said: “Of course people have different points of view however the point can be in which you should exchange these views as well as try to understand each additional better.” “In a way we can say in which we understand our country better than any additional country does as well as I’m sure you will ...

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Market volatility due to ‘anxiety’ ahead of our December meeting, OPEC’s Barkindo says

OPEC’s secretary general told CNBC which oil cost volatility is usually due to anxiety ahead of the 14-member oil producer group’s next meeting in Vienna in December. “What is usually happening at the moment, in our opinion, is usually the normal volatility which comes inside the run up to our conferences. As you know, we reconvene in Vienna on the ...

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Maersk earnings Q3 2018

The company narrowed its expectation for full-year earnings before interest, tax, depreciation as well as amortisation (EBITDA) to $3.6 billion to $4.0 billion via $3.5 billion to $4.2 billion previously. The former conglomerate is actually restructuring to focus entirely on transport as well as logistics as well as plans to step up competition with delivery companies UPS as well as ...

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Artificial intelligence will not replace people: Salesforce executive

Artificial intelligence is actually “a big help, not a hindrance,” according to a Salesforce executive. “AI is actually not gonna replace people,” Peter Schwartz, senior vice president of strategic planning at Salesforce, told CNBC on Tuesday at the Singapore FinTech Festival. On the flip side, Schwartz added: “the item’s going to make people far more capable.” Instead of thinking about ...

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Britain, EU agree brand new draft Brexit text: EU official

British in addition to EU negotiators have agreed a draft text of a Brexit accord that will has been sent to Prime Minister Theresa May for political endorsement, a senior EU official told Reuters on Tuesday. “There is actually a common understanding on texts,” the official said. A second official said that will national envoys through the 27 member states ...

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Volatility bashes hedge funds, which are at which point negative for the year 

October’s miserable market month took its toll across the board, including the hedge fund industry, which collectively turned negative for the year. Hedge fund returns declined 3.1 percent during the month, according to industry tracker eVestment, the second-worst month since 2011. Equity funds caused the biggest damage, down 4.3 percent, while derivatives fell 3.7 percent as well as also also ...

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EU along with Britain agree to a draft text of a Brexit withdrawal agreement

The EU along with Britain need an agreement to keep trade flowing between the planet’s biggest trading bloc along with the United Kingdom, home to the biggest international financial center. yet May has struggled to untangle nearly 46 years of EU membership without damaging commerce or upsetting lawmakers who will ultimately decide the fate of the divorce deal. By seeking ...

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Why oil prices tumbled via four-year highs into a bear market

The oil market can be undergoing a stunning reversal as crude futures wipe out This particular year’s gains after hitting their highest levels since 2014 just six weeks ago. The slump reflects a fundamental change inside outlook for the oil prices. A month ago, traders were concerned of which a looming shortage of oil might push crude futures to $100 ...

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