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News Slideshows (10/09/2019 - #vlrPhone #vlrFilter)


  • 1/27   News Photos Slideshows
    PEOPLE TOPIC NEWS

    News Photos Slideshows - Hot Trends - Click on the image to view in augmented reality or in stereo 3D

    News Photos Slideshows - Hot Trends - Click on the image to view in augmented reality or in stereo 3D


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  • 2/27   Press Review #active #noise #cancellation
    TECHNOLOGY TOPIC NEWS

    

 - Bose says its upcoming earbuds will be better than Amazon’s Echo Buds - The Verge   More Information - Mixcder E9 noise-cancelling headphones review: Good noise cancelling and sound at a budget price - TechHive   More Information - New AirPods 3 Design Leaks with Noise Cancellation - Tom's Guide   More Information - Bowers & Wilkins’ new noise-canceling headphones are lighter than ever - Circuit Breaker   More Information - Amazon cuts a huge $194 off these QuietComfort 25 noise-canceling headphones - Digital Trends   More Information - First look at AirPods 3 with radically new design, better sound, and noise-cancellation - Express   More Information - Bose’s new Noise-Cancelling Wireless Headphones 700 hit low of $310 (Save $90) - 9to5Toys   More Information - Skullcandy's new Crusher ANC headphones deliver bone-rattling sound with noise cancellation - CNET   More Information - Ausounds AU Stream ANC true wireless earphones review: An AirPods alternative with noise cancellation - GEEKSPIN   More Information - AirPods 3: Release Date, Price, Specs and Leaks - Tom's Guide   More Information - Tech review: Bose NC Headphones 700 provides great noise cancellation and audio - The Straits Times   More Information - You’re almost out of time to get these shockingly good noise cancelling headphones for only $39.99 - BGR   More Information - Phiaton Curve BT120 NC review: A great value in noise-cancelling in-ear headphones - TechHive   More Information - Best wireless earbuds and headphones for making calls - CNET   More Information - These surprisingly good noise cancelling headphones are somehow on sale for $35 - BGR   More Information - The 11 Most Comfortable Headphones to Wear on Your Next Flight, According to Thousands of Amazon Reviews - Travel+Leisure   More Information - Headphone hoedown (Beyerdynamic, Bose, Master & Dynamic) - AUGUSTMAN   More Information - Deal alert: Noise cancelling Sony WH1000-XM3 at lowest EVER price on Amazon UK - Express   More Information - Skullcandy Crusher ANC review - TechRadar   More Information - Amazon launches Echo Earbuds with Bose noise cancellation technology - India Today   More Information


Did you see the #crowdfunding campaign that @whmsoft will start? #tailored #3d #vr #audio.
Please share and comment. Campaign link:



vlrFilter Project #kickstarter

    - Bose says its upcoming earbuds will be better than Amazon’s Echo Buds - The Verge
       More Information

    - Mixcder E9 noise-cancelling headphones review: Good noise cancelling and sound at a budget price - TechHive
       More Information

    - New AirPods 3 Design Leaks with Noise Cancellation - Tom's Guide
       More Information

    - Bowers & Wilkins’ new noise-canceling headphones are lighter than ever - Circuit Breaker
       More Information

    - Amazon cuts a huge $194 off these QuietComfort 25 noise-canceling headphones - Digital Trends
       More Information

    - First look at AirPods 3 with radically new design, better sound, and noise-cancellation - Express
       More Information

    - Bose’s new Noise-Cancelling Wireless Headphones 700 hit low of $310 (Save $90) - 9to5Toys
       More Information

    - Skullcandy's new Crusher ANC headphones deliver bone-rattling sound with noise cancellation - CNET
       More Information

    - Ausounds AU Stream ANC true wireless earphones review: An AirPods alternative with noise cancellation - GEEKSPIN
       More Information

    - AirPods 3: Release Date, Price, Specs and Leaks - Tom's Guide
       More Information

    - Tech review: Bose NC Headphones 700 provides great noise cancellation and audio - The Straits Times
       More Information

    - You’re almost out of time to get these shockingly good noise cancelling headphones for only $39.99 - BGR
       More Information

    - Phiaton Curve BT120 NC review: A great value in noise-cancelling in-ear headphones - TechHive
       More Information

    - Best wireless earbuds and headphones for making calls - CNET
       More Information

    - These surprisingly good noise cancelling headphones are somehow on sale for $35 - BGR
       More Information

    - The 11 Most Comfortable Headphones to Wear on Your Next Flight, According to Thousands of Amazon Reviews - Travel+Leisure
       More Information

    - Headphone hoedown (Beyerdynamic, Bose, Master & Dynamic) - AUGUSTMAN
       More Information

    - Deal alert: Noise cancelling Sony WH1000-XM3 at lowest EVER price on Amazon UK - Express
       More Information

    - Skullcandy Crusher ANC review - TechRadar
       More Information

    - Amazon launches Echo Earbuds with Bose noise cancellation technology - India Today
       More Information


    Did you see the #crowdfunding campaign that @whmsoft will start? #tailored #3d #vr #audio. Please share and comment. Campaign link:

    WhmSoft

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  • 3/27   7 tax scams to watch out for this year

    In case wringing your hands over the tax man weren’t enough, criminals are out there trying to swipe your hard-earned cash and personal information from right under your nose.

    In case wringing your hands over the tax man weren’t enough, criminals are out there trying to swipe your hard-earned cash and personal information from right under your nose.


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  • 4/27   Mother Angry After School's Robocall Keeps Mispronouncing Daughter's Name As A Racial Slur

    The daughter's name is Nicarri.

    The daughter's name is Nicarri.


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  • 5/27   Avowed Apple Fan Jeb Bush Realizes His Apple Watch Can Take Phone Calls

    Jeb Bush's love of Apple products has been widely documented, and the Republican presidential candidate continues to wear his Apple Watch on the campaign trail. Yesterday, in a meeting with The Des Moines Register editorial board documented by USA Today, Bush stumbled upon a feature he didn’t realize his smartwatch was capable of: taking phone calls. Somehow Bush managed to take a call without picking up his iPhone, and the sound of a person’s voice saying hello breaks through the meeting noise, to which Bush responds, “My watch can’t be talking.”

    Jeb Bush's love of Apple products has been widely documented, and the Republican presidential candidate continues to wear his Apple Watch on the campaign trail. Yesterday, in a meeting with The Des Moines Register editorial board documented by USA Today, Bush stumbled upon a feature he didn’t realize his smartwatch was capable of: taking phone calls. Somehow Bush managed to take a call without picking up his iPhone, and the sound of a person’s voice saying hello breaks through the meeting noise, to which Bush responds, “My watch can’t be talking.”


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  • 6/27   Social media welcomes Pope Francis to the United States

    Pope Francis gets the social media treatment upon arriving in the U.S. Tuesday.  As Pope Francis’s flight touched down in Washington, D.C. on Tuesday, Twitter unveiled a new batch of emojis created for the highly anticipated papal visit.  Until his departure from the United States on Sunday, Twitter users chronicling the Catholic leader’s East Coast journey will be able to include a cartoon image of the Pope’s face in front of the American flag on all Pope-related tweets by using the hashtag #PopeinUS.

    Pope Francis gets the social media treatment upon arriving in the U.S. Tuesday. As Pope Francis’s flight touched down in Washington, D.C. on Tuesday, Twitter unveiled a new batch of emojis created for the highly anticipated papal visit. Until his departure from the United States on Sunday, Twitter users chronicling the Catholic leader’s East Coast journey will be able to include a cartoon image of the Pope’s face in front of the American flag on all Pope-related tweets by using the hashtag #PopeinUS.


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  • 7/27   India-China summit confirmed, with just two days to go
    TECHNOLOGY TOPIC NEWS

    Prime Minister Narendra Modi will host President Xi Jinping for an 'informal summit' this week, India and China confirmed at short notice Wednesday as growing differences dog the two Asian giants' historically prickly relations.  China's foreign ministry had thundered in August after the Kashmir decision, which will see the Ladakh region of J&K become a separate Indian administrative territory, that India had 'continued to undermine China's territorial sovereignty by unilaterally changing its domestic law'.

    Prime Minister Narendra Modi will host President Xi Jinping for an 'informal summit' this week, India and China confirmed at short notice Wednesday as growing differences dog the two Asian giants' historically prickly relations. China's foreign ministry had thundered in August after the Kashmir decision, which will see the Ladakh region of J&K become a separate Indian administrative territory, that India had 'continued to undermine China's territorial sovereignty by unilaterally changing its domestic law'.


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  • 8/27   China Masks Oil Imports Via Ship Transfers as Sanctions Bite
    TECHNOLOGY TOPIC NEWS

    (Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. Chinese oil imports from ship-to-ship transfers surged last month as flows from some traditional suppliers were crimped by the White House’s aggressive trade and foreign policies.Some 910,000 tons of crude, three times as much as in August, was offloaded at Chinese ports after being transferred in the South China Sea, according to ship-tracking data compiled by Bloomberg. It’s unclear where this oil came from, but moving crude from one vessel to another at sea is a common way of disguising the origin of cargoes.See also: Going Dark, Fake Voyages: Tactics to Skirt Trade SanctionsThe world’s biggest crude importer has been struggling to replace lost barrels from Iran and Venezuela, which have been hit by White House sanctions this year. Cargoes from the U.S. also dropped markedly last month, the data show, after Beijing imposed tariffs on American oil for the first time on Sept. 1 as the trade war heated up. Meanwhile, shipments from Malaysia almost tripled.“I think its highly likely that these ship-to-ship and Malaysian volumes are Iranian or Venezuelan crude,” said Michal Meidan, director of the China Energy Programme at the Oxford Institute for Energy Studies. “But of course the whole point here is to make it hard to be sure.”No one responded immediately to faxed questions sent to China’s Ministry of Commerce and the General Administration of Customs.Imports from Malaysia rose to 1.385 million tons last month, making it the seventh-biggest supplier to China, up from 16th in August. Much of that oil has also been transferred at sea in the Malacca Strait, a common location for exchanging cargoes. Malaysian domestic production is limited, so it’s likely the increased volumes are coming from other countries and being blended in the Southeast Asian nation, said Liu Yuntao, an analyst at Energy Aspects Ltd.Chinese imports from the U.S. fell 76% to 420,000 tons in September from August. Shipments from Venezuela dropped 55% to 570,000 tons. Cargoes from Iran actually rose 82% to 520,000 tons, but are well below the 3.04 million tons imported in April before waivers from U.S. sanctions expired.Some of the oil coming from Malaysia may be from Venezuela, according to shipping analytics company Vortexa.“We have observed a rise in ship-to-ship transfers of Venezuelan crude near Malaysia’s Tanjung Bruas in recent months headed for China,” said Serena Huang, a Singapore-based senior analyst at Vortexa. “Venezuela’s heavy-sour crude has been part of the staple diet of Chinese independent refiners, and direct exports of the crude have been impeded by the U.S. sanctions.”(Adds response from Chinese authorities in 5th paragraph.)To contact Bloomberg News staff for this story: Sarah Chen in Beijing at schen514@bloomberg.net;Ann Koh in Singapore at akoh15@bloomberg.netTo contact the editors responsible for this story: Serene Cheong at scheong20@bloomberg.net, Andrew Janes, Ben SharplesFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

    (Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. Chinese oil imports from ship-to-ship transfers surged last month as flows from some traditional suppliers were crimped by the White House’s aggressive trade and foreign policies.Some 910,000 tons of crude, three times as much as in August, was offloaded at Chinese ports after being transferred in the South China Sea, according to ship-tracking data compiled by Bloomberg. It’s unclear where this oil came from, but moving crude from one vessel to another at sea is a common way of disguising the origin of cargoes.See also: Going Dark, Fake Voyages: Tactics to Skirt Trade SanctionsThe world’s biggest crude importer has been struggling to replace lost barrels from Iran and Venezuela, which have been hit by White House sanctions this year. Cargoes from the U.S. also dropped markedly last month, the data show, after Beijing imposed tariffs on American oil for the first time on Sept. 1 as the trade war heated up. Meanwhile, shipments from Malaysia almost tripled.“I think its highly likely that these ship-to-ship and Malaysian volumes are Iranian or Venezuelan crude,” said Michal Meidan, director of the China Energy Programme at the Oxford Institute for Energy Studies. “But of course the whole point here is to make it hard to be sure.”No one responded immediately to faxed questions sent to China’s Ministry of Commerce and the General Administration of Customs.Imports from Malaysia rose to 1.385 million tons last month, making it the seventh-biggest supplier to China, up from 16th in August. Much of that oil has also been transferred at sea in the Malacca Strait, a common location for exchanging cargoes. Malaysian domestic production is limited, so it’s likely the increased volumes are coming from other countries and being blended in the Southeast Asian nation, said Liu Yuntao, an analyst at Energy Aspects Ltd.Chinese imports from the U.S. fell 76% to 420,000 tons in September from August. Shipments from Venezuela dropped 55% to 570,000 tons. Cargoes from Iran actually rose 82% to 520,000 tons, but are well below the 3.04 million tons imported in April before waivers from U.S. sanctions expired.Some of the oil coming from Malaysia may be from Venezuela, according to shipping analytics company Vortexa.“We have observed a rise in ship-to-ship transfers of Venezuelan crude near Malaysia’s Tanjung Bruas in recent months headed for China,” said Serena Huang, a Singapore-based senior analyst at Vortexa. “Venezuela’s heavy-sour crude has been part of the staple diet of Chinese independent refiners, and direct exports of the crude have been impeded by the U.S. sanctions.”(Adds response from Chinese authorities in 5th paragraph.)To contact Bloomberg News staff for this story: Sarah Chen in Beijing at schen514@bloomberg.net;Ann Koh in Singapore at akoh15@bloomberg.netTo contact the editors responsible for this story: Serene Cheong at scheong20@bloomberg.net, Andrew Janes, Ben SharplesFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.


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  • 9/27   Stumbling Brexit negotiations leave pound at one-month low
    TECHNOLOGY TOPIC NEWS

    US bans Chinese company behind 1.3 million UK CCTV cameras over spying allegations  The pound sunk to its lowest level against the dollar and euro in more than a month yesterday US markets close lower after an entire session in the red, with Asia following suit Jeremy Warner: How can grown-ups get to this? Merkel's 'nein' risks calamity in chaotic, no-deal Brexit 7:18AM Agenda: Brexit deal “essentially impossible” Good morning. The pound sunk to its lowest level in more than a month against the dollar and euro, after an apparent breakdown in Brexit talks yesterday. The currency fell below $1.22 during the session, sharply sinking after No 10 sources said Angela Merkel, the German chancellor had described the prospect of a deal without Northern Ireland remaining in the Customs Union as “overwhelmingly unlikely”. Reports from the BBC and Sky said Boris Johnson, the Prime Minister, claimed the demand meant a deal was “essentially impossible”. 5 things to start your day 1) The next Metro Bank chairman: who might replace flamboyant founder Vernon Hill? Few bosses in the UK banking sector are as eccentric as American billionaire Vernon Hill, the Metro Bank founder who has compared opening a bank account in London to "having your teeth drilled" and initially made a fortune running Burger King franchises. 2) Europeans have followed Brits and fallen in love with online shopping: While Britain has led the way in its adoption of e-commerce, with online purchases as a share of total retail sales above 15pc and well on their way to 20pc by 2021 according to Euromonitor, Europe is now also fast becoming a market of online shopping devotees. Internet sales as a percentage of total retail sales 3) A Chinese CCTV firm with over one million cameras in Britain has been blacklisted by US President Donald Trump for allegedly spying on persecuted Muslim minorities. 4) In July, Boeing announced it expects to pay airlines $4.9bn in coming years to cover cancelled 737 Max flights. The model has been grounded for months after two fatal crashes. Now pilots are suing the aircraft manufacturer for $100m (£82m) for allegedly “deliberately misleading” them about the scandal-hit 737 Max aircraft. The case could spark a wave of lawsuits around the world.  5) The US Federal Reserve has confirmed its openness to further rate cuts while adding it will begin expanding its balance sheet in response to recent unexpected funding issues. Chairman Jerome Powell appeared to confirm market expectations of a 25 basis-point cut at its October meeting on Tuesday night, stating the Fed will “act as appropriate to support continued growth, a strong job market, and inflation moving back to our symmetric 2pc objective”. What happened overnight Asian stocks fell the most in a week on Wednesday as the United States and China's broadening dispute over trade and foreign policy showed little sign of coming to an end, weighing on global economic growth. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.44pc. Chinese shares fell 0.47pc after briefly touching a five-week low. Australian shares were down 0.76%. The US Treasury yield curve steepened in Asia after US Federal Reserve Chair Jerome Powell signalled further interest rate cuts and the resumption of bond purchases to address a recent spike in money markets rates. US stock futures rose 0.22pc in Asia, but sentiment was weak after the S&P; 500 ended 1.56% lower on Tuesday in response to the US visa restrictions. Japan's Nikkei slid 0.7pc, its biggest decline in a week. Hong Kong shares are down 0.66c, nearing a four-week low due to persistent worries about often violent protest against China's rule of the former British colony. Coming up today Jobs figures have be one of the few reliable strong spots of the economy lately: good news for companies like recruiter PageGroup. It can be a lagging indicator however, with economic worries manifesting themselves upon actual hiring figures some time after they first occur. PageGroup’s fees income will be the crucial figure to watch: along with some rivals in the sector, it has experienced a fall in fee income recently, with uncertainty appearing to push more companies towards hiring staff on less lucrative temporary contracts. Trading update: GVC, PageGroup Economics: Mortgages (US)

    US bans Chinese company behind 1.3 million UK CCTV cameras over spying allegations  The pound sunk to its lowest level against the dollar and euro in more than a month yesterday US markets close lower after an entire session in the red, with Asia following suit Jeremy Warner: How can grown-ups get to this? Merkel's 'nein' risks calamity in chaotic, no-deal Brexit 7:18AM Agenda: Brexit deal “essentially impossible” Good morning. The pound sunk to its lowest level in more than a month against the dollar and euro, after an apparent breakdown in Brexit talks yesterday. The currency fell below $1.22 during the session, sharply sinking after No 10 sources said Angela Merkel, the German chancellor had described the prospect of a deal without Northern Ireland remaining in the Customs Union as “overwhelmingly unlikely”. Reports from the BBC and Sky said Boris Johnson, the Prime Minister, claimed the demand meant a deal was “essentially impossible”. 5 things to start your day 1) The next Metro Bank chairman: who might replace flamboyant founder Vernon Hill? Few bosses in the UK banking sector are as eccentric as American billionaire Vernon Hill, the Metro Bank founder who has compared opening a bank account in London to "having your teeth drilled" and initially made a fortune running Burger King franchises. 2) Europeans have followed Brits and fallen in love with online shopping: While Britain has led the way in its adoption of e-commerce, with online purchases as a share of total retail sales above 15pc and well on their way to 20pc by 2021 according to Euromonitor, Europe is now also fast becoming a market of online shopping devotees. Internet sales as a percentage of total retail sales 3) A Chinese CCTV firm with over one million cameras in Britain has been blacklisted by US President Donald Trump for allegedly spying on persecuted Muslim minorities. 4) In July, Boeing announced it expects to pay airlines $4.9bn in coming years to cover cancelled 737 Max flights. The model has been grounded for months after two fatal crashes. Now pilots are suing the aircraft manufacturer for $100m (£82m) for allegedly “deliberately misleading” them about the scandal-hit 737 Max aircraft. The case could spark a wave of lawsuits around the world.  5) The US Federal Reserve has confirmed its openness to further rate cuts while adding it will begin expanding its balance sheet in response to recent unexpected funding issues. Chairman Jerome Powell appeared to confirm market expectations of a 25 basis-point cut at its October meeting on Tuesday night, stating the Fed will “act as appropriate to support continued growth, a strong job market, and inflation moving back to our symmetric 2pc objective”. What happened overnight Asian stocks fell the most in a week on Wednesday as the United States and China's broadening dispute over trade and foreign policy showed little sign of coming to an end, weighing on global economic growth. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.44pc. Chinese shares fell 0.47pc after briefly touching a five-week low. Australian shares were down 0.76%. The US Treasury yield curve steepened in Asia after US Federal Reserve Chair Jerome Powell signalled further interest rate cuts and the resumption of bond purchases to address a recent spike in money markets rates. US stock futures rose 0.22pc in Asia, but sentiment was weak after the S&P; 500 ended 1.56% lower on Tuesday in response to the US visa restrictions. Japan's Nikkei slid 0.7pc, its biggest decline in a week. Hong Kong shares are down 0.66c, nearing a four-week low due to persistent worries about often violent protest against China's rule of the former British colony. Coming up today Jobs figures have be one of the few reliable strong spots of the economy lately: good news for companies like recruiter PageGroup. It can be a lagging indicator however, with economic worries manifesting themselves upon actual hiring figures some time after they first occur. PageGroup’s fees income will be the crucial figure to watch: along with some rivals in the sector, it has experienced a fall in fee income recently, with uncertainty appearing to push more companies towards hiring staff on less lucrative temporary contracts. Trading update: GVC, PageGroup Economics: Mortgages (US)


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  • 10/27   How Much is Itera ASA's (OB:ITE) CEO Getting Paid?
    TECHNOLOGY TOPIC NEWS

    The CEO of Itera ASA (OB:ITE) is Arne Mjøs. First, this article will compare CEO compensation with compensation at...

    The CEO of Itera ASA (OB:ITE) is Arne Mjøs. First, this article will compare CEO compensation with compensation at...


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  • 11/27   What Kind Of Shareholder Appears On The Grand Brilliance Group Holdings Limited's (HKG:8372) Shareholder Register?
    TECHNOLOGY TOPIC NEWS

    The big shareholder groups in Grand Brilliance Group Holdings Limited (HKG:8372) have power over the company...

    The big shareholder groups in Grand Brilliance Group Holdings Limited (HKG:8372) have power over the company...


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  • 12/27   The Efore Oyj (HEL:EFO1V) Share Price Is Down 91% So Some Shareholders Are Rather Upset
    TECHNOLOGY TOPIC NEWS

    Some stocks are best avoided. We don't wish catastrophic capital loss on anyone. Imagine if you held Efore Oyj...

    Some stocks are best avoided. We don't wish catastrophic capital loss on anyone. Imagine if you held Efore Oyj...


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  • 13/27   UNICEF launches crypto fund, accepting donations in bitcoin and ether
    TECHNOLOGY TOPIC NEWS

    UNICEF, the United Nations’ charity arm for children, has launched a cryptocurrency fund and is accepting donations in bitcoin (BTC) and ether (ETH).The post UNICEF launches crypto fund, accepting donations in bitcoin and ether appeared first on The Block.

    UNICEF, the United Nations’ charity arm for children, has launched a cryptocurrency fund and is accepting donations in bitcoin (BTC) and ether (ETH).The post UNICEF launches crypto fund, accepting donations in bitcoin and ether appeared first on The Block.


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  • 14/27   The Zodiac-JRD-MKJ (NSE:ZODJRDMKJ) Share Price Is Down 16% So Some Shareholders Are Getting Worried
    TECHNOLOGY TOPIC NEWS

    In order to justify the effort of selecting individual stocks, it's worth striving to beat the returns from a market...

    In order to justify the effort of selecting individual stocks, it's worth striving to beat the returns from a market...


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  • 15/27   Credit Suisse Considers Return to U.S. Private Banking After Exit
    TECHNOLOGY TOPIC NEWS

    (Bloomberg) -- Credit Suisse Group AG is considering a return to U.S. wealth management after a four-year absence as Chief Executive Officer Tidjane Thiam seeks to boost growth in private banking.Talks have focused on the ambition to add $15 billion of assets under management at a new base in Miami, mostly catering to wealthy Latin Americans, people familiar with the matter said. If the bank moves ahead, it could employ up to 30 people including control and support staff in Florida, the people said, asking not to be identified as the talks are private. No final decision has been taken and talks are at an early stage, they said.The venture would be symbolically important for the Swiss bank, marking a return to private banking on U.S. soil after an agreement to transfer its U.S. brokerage to Wells Fargo & Co. in 2015. The U.S. is one of the biggest offshore wealth centers in the world, with Miami especially favored by Latin America clients because of its close geographic and cultural links. Buoyed by a more favorable regulatory environment, the U.S. is likely to see strong growth from Latin American and Asian investors, according to the BCG Global Wealth Report.A spokesman for Credit Suisse declined to comment.Switzerland’s second-biggest lender reached an agreement in 2014 to plead guilty and pay about $2.6 billion to the U.S. Justice Department and regulators for helping U.S. citizens hide money. The bank shifted strategy a year later under Thiam, who sought to bolster returns by focusing on the home market of Switzerland and expanding in Asian wealth management. The bank agreed the brokerage transfer a year later.The U.S. ranks as the fourth largest country for offshore wealth behind Switzerland, Hong Kong and Singapore, and is likely to hold about $1 trillion for non-U.S. residents by 2023, according to BCG. Credit Suisse’s international wealth management business has focused on Latin America, Europe, the Middle East and Africa and was led until recently by Iqbal Khan, who moved to rival UBS Group AG. He was replaced by Philipp Wehle.A scandal erupted over Khan’s departure after it was reported that Credit Suisse had its former employee followed to make sure he didn’t try to encourage others to defect. The bank’s own probe led to the ouster of Chief Operating Officer Pierre-Olivier Bouee, a key ally of the CEO, though it didn’t find wrongdoing on Thiam’s part.(Adds background on spying scandal in last paragraph.)To contact the reporter on this story: Patrick Winters in Zurich at pwinters3@bloomberg.netTo contact the editors responsible for this story: Dale Crofts at dcrofts@bloomberg.net, Ross LarsenFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

    (Bloomberg) -- Credit Suisse Group AG is considering a return to U.S. wealth management after a four-year absence as Chief Executive Officer Tidjane Thiam seeks to boost growth in private banking.Talks have focused on the ambition to add $15 billion of assets under management at a new base in Miami, mostly catering to wealthy Latin Americans, people familiar with the matter said. If the bank moves ahead, it could employ up to 30 people including control and support staff in Florida, the people said, asking not to be identified as the talks are private. No final decision has been taken and talks are at an early stage, they said.The venture would be symbolically important for the Swiss bank, marking a return to private banking on U.S. soil after an agreement to transfer its U.S. brokerage to Wells Fargo & Co. in 2015. The U.S. is one of the biggest offshore wealth centers in the world, with Miami especially favored by Latin America clients because of its close geographic and cultural links. Buoyed by a more favorable regulatory environment, the U.S. is likely to see strong growth from Latin American and Asian investors, according to the BCG Global Wealth Report.A spokesman for Credit Suisse declined to comment.Switzerland’s second-biggest lender reached an agreement in 2014 to plead guilty and pay about $2.6 billion to the U.S. Justice Department and regulators for helping U.S. citizens hide money. The bank shifted strategy a year later under Thiam, who sought to bolster returns by focusing on the home market of Switzerland and expanding in Asian wealth management. The bank agreed the brokerage transfer a year later.The U.S. ranks as the fourth largest country for offshore wealth behind Switzerland, Hong Kong and Singapore, and is likely to hold about $1 trillion for non-U.S. residents by 2023, according to BCG. Credit Suisse’s international wealth management business has focused on Latin America, Europe, the Middle East and Africa and was led until recently by Iqbal Khan, who moved to rival UBS Group AG. He was replaced by Philipp Wehle.A scandal erupted over Khan’s departure after it was reported that Credit Suisse had its former employee followed to make sure he didn’t try to encourage others to defect. The bank’s own probe led to the ouster of Chief Operating Officer Pierre-Olivier Bouee, a key ally of the CEO, though it didn’t find wrongdoing on Thiam’s part.(Adds background on spying scandal in last paragraph.)To contact the reporter on this story: Patrick Winters in Zurich at pwinters3@bloomberg.netTo contact the editors responsible for this story: Dale Crofts at dcrofts@bloomberg.net, Ross LarsenFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.


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  • 16/27   Should We Worry About H & M Hennes & Mauritz AB (publ)'s (STO:HM B) P/E Ratio?
    TECHNOLOGY TOPIC NEWS

    This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios...

    This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios...


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  • 17/27   Elliott Questions Japan Firm Unizo’s Decisions in Takeover Fight
    TECHNOLOGY TOPIC NEWS

    (Bloomberg) -- Elliott Management Corp., the largest shareholder in Unizo Holdings Co., is questioning the actions of the Japanese real-estate group’s management in handling a bidding war that began in July.The activist investor, which has built a 13% stake in Unizo, demanded answers in a letter to the company’s board that it released to media Wednesday. The letter queries the decisions that Unizo has made in responding to competing offers for the firm. A representative for Unizo declined to comment.“We are highly concerned about the lack of disclosure and the risk of conflicts of interest that have appeared in Unizo’s handling to date of the tender offer bids,” Elliott wrote.The Tokyo-based developer was little-known even within Japan until HIS Co. launched an unsuccessful hostile bid in July. It received a competing offer from SoftBank Group Corp.’s Fortress Investment Group in August, which the company initially supported before withdrawing its backing last month, saying it wanted Fortress to increase its offer to 5,000 yen ($46.64) a share from 4,000 yen. That came as it said that received another rival bid from “one of the largest investment funds in the world,” reportedly Blackstone Group Inc., for 5,000 yen a share.Unizo’s shares have surged almost 130% since HIS announced its offer on July 10, and closed trading at 4,560 yen on Wednesday, above the Fortress’s offer for the company. Travis Lundy, a special-situations analyst who publishes on Smartkarma, has said “there is a strong likelihood that this ends with no successful bid.” Fortress’s tender offer expires Oct. 17.Elliott’s intervention is the latest twist in rare bidding battle that could be another landmark for the Japanese market as it seeks to become more shareholder-friendly.The investor asked for a detailed explanation of the “Employee Share Ownership Management Company,” which the company proposed to Fortress should be involved in an agreement on a deal. This entity, made up of employees, would have a stake in Unizo after the buyout and could exert control over decisions such as buying and selling properties and nominating directors, according to Unizo.Such a structure may be intended to let existing management retain control over the company through an arrangement resembling a management buyout. Elliott also questioned why the basic policy on acquisitions hadn’t been determined or disclosed to investors when Unizo expressed its opinion on tender offer bids in August.\--With assistance from Shoko Oda.To contact the reporters on this story: Min Jeong Lee in Tokyo at mlee754@bloomberg.net;Takahiko Hyuga in Tokyo at thyuga@bloomberg.netTo contact the editors responsible for this story: Lianting Tu at ltu4@bloomberg.net, Tom Redmond, Reed StevensonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

    (Bloomberg) -- Elliott Management Corp., the largest shareholder in Unizo Holdings Co., is questioning the actions of the Japanese real-estate group’s management in handling a bidding war that began in July.The activist investor, which has built a 13% stake in Unizo, demanded answers in a letter to the company’s board that it released to media Wednesday. The letter queries the decisions that Unizo has made in responding to competing offers for the firm. A representative for Unizo declined to comment.“We are highly concerned about the lack of disclosure and the risk of conflicts of interest that have appeared in Unizo’s handling to date of the tender offer bids,” Elliott wrote.The Tokyo-based developer was little-known even within Japan until HIS Co. launched an unsuccessful hostile bid in July. It received a competing offer from SoftBank Group Corp.’s Fortress Investment Group in August, which the company initially supported before withdrawing its backing last month, saying it wanted Fortress to increase its offer to 5,000 yen ($46.64) a share from 4,000 yen. That came as it said that received another rival bid from “one of the largest investment funds in the world,” reportedly Blackstone Group Inc., for 5,000 yen a share.Unizo’s shares have surged almost 130% since HIS announced its offer on July 10, and closed trading at 4,560 yen on Wednesday, above the Fortress’s offer for the company. Travis Lundy, a special-situations analyst who publishes on Smartkarma, has said “there is a strong likelihood that this ends with no successful bid.” Fortress’s tender offer expires Oct. 17.Elliott’s intervention is the latest twist in rare bidding battle that could be another landmark for the Japanese market as it seeks to become more shareholder-friendly.The investor asked for a detailed explanation of the “Employee Share Ownership Management Company,” which the company proposed to Fortress should be involved in an agreement on a deal. This entity, made up of employees, would have a stake in Unizo after the buyout and could exert control over decisions such as buying and selling properties and nominating directors, according to Unizo.Such a structure may be intended to let existing management retain control over the company through an arrangement resembling a management buyout. Elliott also questioned why the basic policy on acquisitions hadn’t been determined or disclosed to investors when Unizo expressed its opinion on tender offer bids in August.\--With assistance from Shoko Oda.To contact the reporters on this story: Min Jeong Lee in Tokyo at mlee754@bloomberg.net;Takahiko Hyuga in Tokyo at thyuga@bloomberg.netTo contact the editors responsible for this story: Lianting Tu at ltu4@bloomberg.net, Tom Redmond, Reed StevensonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.


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  • 18/27   Here's Why I Think ValueMax Group (SGX:T6I) Is An Interesting Stock
    TECHNOLOGY TOPIC NEWS

    For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...

    For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...


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  • 19/27   Estimating The Intrinsic Value Of Zee Media Corporation Limited (NSE:ZEEMEDIA)
    TECHNOLOGY TOPIC NEWS

    How far off is Zee Media Corporation Limited (NSE:ZEEMEDIA) from its intrinsic value? Using the most recent financial...

    How far off is Zee Media Corporation Limited (NSE:ZEEMEDIA) from its intrinsic value? Using the most recent financial...


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  • 20/27   Taste Gourmet Group (HKG:8371) Seems To Use Debt Rather Sparingly
    TECHNOLOGY TOPIC NEWS

    Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

    Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...


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  • 21/27   Alaska Supreme Court to hear youths' climate change lawsuit
    TECHNOLOGY TOPIC NEWS

    The Alaska Supreme Court will hear arguments Wednesday in a lawsuit that claims state policy on fossil fuels is harming the constitutional right of young Alaskans to a safe climate.  Sixteen Alaska youths in 2017 sued the state, claiming that human-caused greenhouse gas emission leading to climate change is creating long-term, dangerous health effects.  The lawsuit takes aim at a state statute that says it's the policy of Alaska to promote fossil fuels, said Andrew Welle of Oregon-based Our Children's Trust, a nonprofit organization dedicated to protecting natural systems for present and future generations.

    The Alaska Supreme Court will hear arguments Wednesday in a lawsuit that claims state policy on fossil fuels is harming the constitutional right of young Alaskans to a safe climate. Sixteen Alaska youths in 2017 sued the state, claiming that human-caused greenhouse gas emission leading to climate change is creating long-term, dangerous health effects. The lawsuit takes aim at a state statute that says it's the policy of Alaska to promote fossil fuels, said Andrew Welle of Oregon-based Our Children's Trust, a nonprofit organization dedicated to protecting natural systems for present and future generations.


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  • 22/27   Netherlands, Australia vow to pursue convictions for downing of MH17
    TECHNOLOGY TOPIC NEWS

    Australia and the Netherlands said on Wednesday they will pursue criminal prosecutions for those responsible for the downing of Malaysia Airlines flight MH17 that killed 298 people even if it takes many years.  The airliner was shot down on July 17, 2014, over territory held by pro-Russian separatists in eastern Ukraine as it was flying from Amsterdam to Kuala Lumpur, killing everyone on board.  A Dutch-led investigative team in June charged three Russians and an Ukrainian with murder, though the suspects are likely to be tried in absentia in the Netherlands.

    Australia and the Netherlands said on Wednesday they will pursue criminal prosecutions for those responsible for the downing of Malaysia Airlines flight MH17 that killed 298 people even if it takes many years. The airliner was shot down on July 17, 2014, over territory held by pro-Russian separatists in eastern Ukraine as it was flying from Amsterdam to Kuala Lumpur, killing everyone on board. A Dutch-led investigative team in June charged three Russians and an Ukrainian with murder, though the suspects are likely to be tried in absentia in the Netherlands.


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  • 23/27   What Kind Of Share Price Volatility Should You Expect For Winsome Yarns Limited (NSE:WINSOME)?
    TECHNOLOGY TOPIC NEWS

    If you're interested in Winsome Yarns Limited (NSE:WINSOME), then you might want to consider its beta (a measure of...

    If you're interested in Winsome Yarns Limited (NSE:WINSOME), then you might want to consider its beta (a measure of...


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  • 24/27   Analysts Expect Contraction in Profits for India’s Earnings
    TECHNOLOGY TOPIC NEWS

    (Bloomberg) -- For Indian equity investors looking for an uptick in earnings growth, the wait has got longer.A slowdown in domestic growth and the lingering shadow banking crisis mean the September-quarter results season that kicks off Thursday will be similar to one seen over several quarters in recent years -- tepid and patchy.Analysts expect to see a contraction in profits across most industries, with Edelweiss Securities Ltd. forecasting sales growth for the stocks it tracks to be the lowest in a decade. The series of steps taken by the government to revive growth, including the $20 billion tax cut for companies, are too recent to reflect in the quarterly report cards, although analysts have since raised their estimates for 12-month forward earnings.“Overall, we expect a soft quarter and earnings revival could still take some time,” Edelweiss Securities Ltd. analysts Prateek Parekh and Padmavati Udecha wrote in a note on Oct. 7. The brokerage’s forecast for sales growth excludes banks and commodities-related companies.NSE Nifty 50 Index earnings for the year to March will shrink by about 4% from a year earlier, according to Edelweiss and Motilal Oswal Securities Ltd.Software exporters and industrial companies’ earnings growth likely fell below 5%, retail banks, oil refiners and consumer discretionary firms may post profit expansion topping 25%, Edelweiss’ Parekh and Udecha wrote.Earnings risks continue to be tilted to the downside because of the slowing economy, uneven asset quality patterns seen in financial-services companies and depressed commodity prices, according to Motilal Oswal.“At this point, tax rate cuts will largely limit the downgrades rather than driving big upgrades on the earnings front,” the brokerage said in a recent note.Here’s what brokerages expect from the earnings season that gets underway Thursday with results from Asia’s top software exporter Tata Consultancy Services Ltd.Kotak Institutional EquitiesWhile Nifty index’s pre-tax earnings are seen declining, banks led by Axis Bank Ltd., ICICI Bank Ltd. and State Bank of India Ltd. should post 34% growth, analysts led by Sanjeev Prasad wrote in Oct. 7 note.Pharmaceuticals are a top pick as the domestic drug business could see 10-12% growth from a year earlier.Motilal OswalProfit before tax for the firm's universe to grow 2% year-on-year but net profit to drop 6%, dragged by automobiles and metals. Ex-financials, PBT/PAT to decline 14% and 8% YoY.Private banks, consumer, cement and capital goods will provide some respite.Top picks: SBI, ICICI, HDFC among large-cap stocks; mid-cap bets include Indian Hotels, M&M Financials, Colgate and AlkemCitigroup Inc.Expects 3% decline in profit before tax for Nifty index; profit before tax ex-financials is expected to decline 12%Expects weak trends across consumer names, commodities, financials and pharmaceuticalsTop picks: Dr Reddy’s Laboratories Ltd., HDFC Ltd. and HCL Technologies Ltd.Bank of America Merrill LynchEconomic growth spurred by tax cuts is a ‘second order effect’ and may take time.Nifty’s EPS up by about 7% because of tax cuts but difficult to justify upside to the index based on ‘first order effect’ of the reduction.Prefer financials, industrials, cement; overweight software exporters as a hedge against currency risks.Antique Stock BrokingPoor consumer demand and narrower margins for commodities-related companies will weigh on Nifty profits. Antique will revise its 13,100 year-end target after the results season. The index was little changed at 11,135.85 at 11 a.m. in Mumbai.Margins for steelmakers to narrow sequentially due to weak demand, while upstream oil players’ profitability will be eroded by lower oil prices.(Adds section on analyst comments)\--With assistance from Ravil Shirodkar and Nupur Acharya.To contact the reporters on this story: Ishika Mookerjee in Singapore at imookerjee@bloomberg.net;Abhishek Vishnoi in Singapore at avishnoi4@bloomberg.netTo contact the editors responsible for this story: Lianting Tu at ltu4@bloomberg.net, Margo Towie, Ravil ShirodkarFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

    (Bloomberg) -- For Indian equity investors looking for an uptick in earnings growth, the wait has got longer.A slowdown in domestic growth and the lingering shadow banking crisis mean the September-quarter results season that kicks off Thursday will be similar to one seen over several quarters in recent years -- tepid and patchy.Analysts expect to see a contraction in profits across most industries, with Edelweiss Securities Ltd. forecasting sales growth for the stocks it tracks to be the lowest in a decade. The series of steps taken by the government to revive growth, including the $20 billion tax cut for companies, are too recent to reflect in the quarterly report cards, although analysts have since raised their estimates for 12-month forward earnings.“Overall, we expect a soft quarter and earnings revival could still take some time,” Edelweiss Securities Ltd. analysts Prateek Parekh and Padmavati Udecha wrote in a note on Oct. 7. The brokerage’s forecast for sales growth excludes banks and commodities-related companies.NSE Nifty 50 Index earnings for the year to March will shrink by about 4% from a year earlier, according to Edelweiss and Motilal Oswal Securities Ltd.Software exporters and industrial companies’ earnings growth likely fell below 5%, retail banks, oil refiners and consumer discretionary firms may post profit expansion topping 25%, Edelweiss’ Parekh and Udecha wrote.Earnings risks continue to be tilted to the downside because of the slowing economy, uneven asset quality patterns seen in financial-services companies and depressed commodity prices, according to Motilal Oswal.“At this point, tax rate cuts will largely limit the downgrades rather than driving big upgrades on the earnings front,” the brokerage said in a recent note.Here’s what brokerages expect from the earnings season that gets underway Thursday with results from Asia’s top software exporter Tata Consultancy Services Ltd.Kotak Institutional EquitiesWhile Nifty index’s pre-tax earnings are seen declining, banks led by Axis Bank Ltd., ICICI Bank Ltd. and State Bank of India Ltd. should post 34% growth, analysts led by Sanjeev Prasad wrote in Oct. 7 note.Pharmaceuticals are a top pick as the domestic drug business could see 10-12% growth from a year earlier.Motilal OswalProfit before tax for the firm's universe to grow 2% year-on-year but net profit to drop 6%, dragged by automobiles and metals. Ex-financials, PBT/PAT to decline 14% and 8% YoY.Private banks, consumer, cement and capital goods will provide some respite.Top picks: SBI, ICICI, HDFC among large-cap stocks; mid-cap bets include Indian Hotels, M&M Financials, Colgate and AlkemCitigroup Inc.Expects 3% decline in profit before tax for Nifty index; profit before tax ex-financials is expected to decline 12%Expects weak trends across consumer names, commodities, financials and pharmaceuticalsTop picks: Dr Reddy’s Laboratories Ltd., HDFC Ltd. and HCL Technologies Ltd.Bank of America Merrill LynchEconomic growth spurred by tax cuts is a ‘second order effect’ and may take time.Nifty’s EPS up by about 7% because of tax cuts but difficult to justify upside to the index based on ‘first order effect’ of the reduction.Prefer financials, industrials, cement; overweight software exporters as a hedge against currency risks.Antique Stock BrokingPoor consumer demand and narrower margins for commodities-related companies will weigh on Nifty profits. Antique will revise its 13,100 year-end target after the results season. The index was little changed at 11,135.85 at 11 a.m. in Mumbai.Margins for steelmakers to narrow sequentially due to weak demand, while upstream oil players’ profitability will be eroded by lower oil prices.(Adds section on analyst comments)\--With assistance from Ravil Shirodkar and Nupur Acharya.To contact the reporters on this story: Ishika Mookerjee in Singapore at imookerjee@bloomberg.net;Abhishek Vishnoi in Singapore at avishnoi4@bloomberg.netTo contact the editors responsible for this story: Lianting Tu at ltu4@bloomberg.net, Margo Towie, Ravil ShirodkarFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.


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  • 25/27   Where Carpenter Tan Holdings Limited's (HKG:837) Earnings Growth Stands Against Its Industry
    TECHNOLOGY TOPIC NEWS

    When Carpenter Tan Holdings Limited (SEHK:837) released its most recent earnings update (30 June 2019), I compared it...

    When Carpenter Tan Holdings Limited (SEHK:837) released its most recent earnings update (30 June 2019), I compared it...


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  • 26/27   What Does Checkit plc's (LON:CKT) P/E Ratio Tell You?
    TECHNOLOGY TOPIC NEWS

    This article is written for those who want to get better at using price to earnings ratios (P/E ratios). To keep it...

    This article is written for those who want to get better at using price to earnings ratios (P/E ratios). To keep it...


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  • 27/27   Oil Holds Losses as Swelling U.S. Stockpiles Add to Trades Woes
    TECHNOLOGY TOPIC NEWS

    (Bloomberg) -- Oil held losses near a two-month low on fading prospects for a resolution to the protracted U.S.-China trade spat and signs American crude inventories expanded for a fourth week.Futures lost 0.3% in New York after dropping 0.2% on Tuesday. Relations have deteriorated between the world’s two largest economies ahead of trade talks this week as U.S. officials discuss restricting capital flows into China, while Beijing hinted at retaliatory measures after Chinese tech firms were blacklisted. The American Petroleum Institute reported stockpiles rose by 4.13 million barrels last week, according to people familiar with the data.Oil is down more than 20% from its peak in April as the prolonged U.S.-China trade dispute adds to a bleak global economic outlook, denting demand. Crude is likely to fall further if the official Energy Information Administration figures due Wednesday also show a gain in American inventories.“Oil’s fate is linked 100% to the trade talks now with no progress looking likely,” said Jeffrey Halley, a senior market analyst at Oanda Asia Pacific Pte. “Should this be confirmed by the week’s end, oil is likely to come under heavy selling pressure again with WTI threatening key support at $50 a barrel.”See also: Tanker Earnings Top $100,000-a-Day on U.S. Sanctions, IMO ImpactWest Texas Intermediate for November delivery fell 14 cents to $52.49 a barrel on the New York Mercantile Exchange as of 7:15 a.m. London time after dropping as much as 0.5% earlier. The contract lost 12 cents to close at $52.63 on Tuesday.Brent for December settlement declined 15 cents, or 0.3%, to $58.09 a barrel on the London-based ICE Futures Europe Exchange. The contract slid 11 cents to close at $58.24 on Tuesday. The global benchmark crude traded at a $5.61 premium to WTI for the same month.Vice Premier Liu He, China’s chief trade negotiator, is set to meet with his U.S. counterparts from Thursday as tensions escalate between the two sides. The Trump administration is also slapping visa bans on Chinese officials linked to the mass detention of Muslims.Crude stockpiles at Cushing, Oklahoma, the largest U.S. storage hub, rose by 1.24 million barrels last week, according to the API data. Total nationwide inventories probably rose by 1.9 million barrels last week, according to a Bloomberg survey before EIA data Wednesday.To contact the reporter on this story: Elizabeth Low in Singapore at elow39@bloomberg.netTo contact the editors responsible for this story: Serene Cheong at scheong20@bloomberg.net, Ben Sharples, Andrew JanesFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

    (Bloomberg) -- Oil held losses near a two-month low on fading prospects for a resolution to the protracted U.S.-China trade spat and signs American crude inventories expanded for a fourth week.Futures lost 0.3% in New York after dropping 0.2% on Tuesday. Relations have deteriorated between the world’s two largest economies ahead of trade talks this week as U.S. officials discuss restricting capital flows into China, while Beijing hinted at retaliatory measures after Chinese tech firms were blacklisted. The American Petroleum Institute reported stockpiles rose by 4.13 million barrels last week, according to people familiar with the data.Oil is down more than 20% from its peak in April as the prolonged U.S.-China trade dispute adds to a bleak global economic outlook, denting demand. Crude is likely to fall further if the official Energy Information Administration figures due Wednesday also show a gain in American inventories.“Oil’s fate is linked 100% to the trade talks now with no progress looking likely,” said Jeffrey Halley, a senior market analyst at Oanda Asia Pacific Pte. “Should this be confirmed by the week’s end, oil is likely to come under heavy selling pressure again with WTI threatening key support at $50 a barrel.”See also: Tanker Earnings Top $100,000-a-Day on U.S. Sanctions, IMO ImpactWest Texas Intermediate for November delivery fell 14 cents to $52.49 a barrel on the New York Mercantile Exchange as of 7:15 a.m. London time after dropping as much as 0.5% earlier. The contract lost 12 cents to close at $52.63 on Tuesday.Brent for December settlement declined 15 cents, or 0.3%, to $58.09 a barrel on the London-based ICE Futures Europe Exchange. The contract slid 11 cents to close at $58.24 on Tuesday. The global benchmark crude traded at a $5.61 premium to WTI for the same month.Vice Premier Liu He, China’s chief trade negotiator, is set to meet with his U.S. counterparts from Thursday as tensions escalate between the two sides. The Trump administration is also slapping visa bans on Chinese officials linked to the mass detention of Muslims.Crude stockpiles at Cushing, Oklahoma, the largest U.S. storage hub, rose by 1.24 million barrels last week, according to the API data. Total nationwide inventories probably rose by 1.9 million barrels last week, according to a Bloomberg survey before EIA data Wednesday.To contact the reporter on this story: Elizabeth Low in Singapore at elow39@bloomberg.netTo contact the editors responsible for this story: Serene Cheong at scheong20@bloomberg.net, Ben Sharples, Andrew JanesFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.


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