News Oil 

SABITI oil tanker, hit in Red Sea, to undergo repair

“Two separate explosions, possibly caused by missile attacks, hit the SABITI oil tanker owned by the National Iranian Tanker Company (NITC)” reports tehrantimes.com. TEHRAN – Iran Shipbuilding and Offshore Industries Complex Co (ISOICO) will repair the SABITI oil tanker, which came under attack in the Red Sea on October 11, the ISOICO managing director has said.Rezaeian-Asl also said that attack on the Iranian oil tanker, which has reported arrived in the port city of Bandar Abbas, was against international law.The explosions hit the vessel’s hull, causing heavy damages to the…

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News 

Just Eat revenue rises, backs 2019 guidance

“Just Eat PLC said Monday that revenue rose in the third quarter of 2019, and it backed its guidance for the year” writes Anthony O for marketwatch.com. The board said it expects to report revenue for 2019 in the GBP1.0 billion to GBP1.1 billion range.Adjusted earnings before interest, taxes, depreciation and amortization–a key measure which strips out exceptional and other one-off items–are expected to be in the GBP185 million to GBP205 million range, the company said. The company said it expects the combination with Takeaway.com to be completed by the…

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News 

1st federal opioid crisis trial to focus on distribution

“The federal Drug Enforcement Administration kept raising the quota for how many should be made even as overdoses rose” writes The Associated Press for seattletimes.com. An Associated Press analysis of federal drug distribution data found that in 2012, enough prescription opioids were shipped for every man, woman and child in the U.S. to have a 20-day supply.In the only opioid crisis case to go to trial so far in state court, an Oklahoma judge ruled against Johnson & Johnson and ordered the company to pay $572 million in damages.With just…

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News 

Public, election officials may be kept in the dark on hacks

“Some election officials could be hesitant about public disclosures, concerned their agencies would be portrayed in a negative light” writes The Associated Press for seattletimes.com. Federal officials believe Russian agents in 2016 searched for vulnerabilities within election systems in all 50 states.The public still doesn’t know which Florida counties were breached by Russian agents in the 2016 election. Source: seattletimes.com

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Heads-up News 

Frankfurt Trading Session Heads Up Monday, October 21, 2019

Frankfurt opening news digest Gold Prices Supported By Brexit Turmoil, US-China Trade Uncertainty Gold prices were steady while oil prices slipped. Risk appetite was underpinned by ongoing Brexit purgatory while supply worries added to oil bulls’ woes.   EUR/USD Recovery at Risk as RSI Fails to Push into Overbought Zone EUR/USD clears the September-high (1.1110) ahead of the ECB meeting, but the bullish momentum appears to be abating as the RSI fails to push into overbought territory.   France’s de Montchalin: There is no need to delay Brexit unless it…

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News 

North Korea says U.S., South Korea must present new solutions for conflict

“North Korea has conducted missile tests in recent months, including that of a submarine-launched ballistic missile, and broke off the latest working-level nuclear talks with the U.S. in early October” writes Midwest Communications Inc for 95kqds.com. This month North Korea issued a veiled threat about ending the freeze in long-range missile testing amid continued economic sanctions and pressure aimed at pushing it to give up its nuclear and ballistic missiles programs. Source: 95kqds.com

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News 

SAP in three-year cloud partnership with Microsoft

“De-emphasising its own-brand cloud offering is turning out to be one factor supporting a pickup in SAP’s cloud gross margins” writes Midwest Communications Inc for 95kqds.com. The partnership deepens SAP’s already close relationship with Microsoft and its Azure cloud division, although the Walldorf-based company also works with Google and Amazon Web Services in the cloud.BERLIN (Reuters) – Business software group SAP said on Monday it had reached a three-year deal with Microsoft to help its large enterprise customers move their business processes into the cloud.”We bundled SAP’s cloud platform services…

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News 

PG&E plans more power cutoffs, warns of severe weather this week

“(Reuters) – PG&E Corp said it was considering more power cutoffs, which would be much smaller than the recent outage, as the bankrupt California power producer warned about severe weather risks later this week” writes Midwest Communications Inc for 95kqds.com. The potential power cutoffs will be “significantly smaller” than the Oct 9-12 PSPS event, the company said.PG&E is considering implementing a public safety power shutoff (PSPS) and turning off power across portions of the counties, adding that as of late Sunday no PSPS had been called.The company cut off electricity…

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EUR News Reviews 

EUR Daily Review October 21, 2019

EUR Daily Review for October 21, 2019 Euro Outlook: EUR/GBP May Rise if Brexit Hopes Continue to Fade The Euro may rise vs the British Pound if uncertainty about Brexit pulls capital out of Sterling as UK lawmakers prepare for a key vote on Saturday.   EUR/GBP technical analysis: On the back foot below 100-hour EMA, immediate falling channel Despite recovering from early-May lows, on the back of a Doji candlestick formation, EUR/GBP still has some key resistances to justify the latest strength.   EUR Futures: extra gains in the…

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