Money

Money Record US output takes its toll on oil prices
Author: 0 Record US output takes its toll on oil prices

In the wake of these warnings the Japanese banks then notified that they would stop settling transactions related to Iranian Oil. Crude oil storage tanks are seen from above at the Cushing oil hub, in Cushing, Oklahoma , March 24, 2016.

Money The four rebel Labour MPs who rescued Theresa May's government
Author: 0 The four rebel Labour MPs who rescued Theresa May's government

This latest Commons vote on Brexit followed chaos in Westminster on Monday when May was forced to ditch her own Brexit policy in order to avoid a defeat at the hands of pro-Leave MPs led by the backbencher Jacob Rees-Mogg. The prime minister's office defended the government's decision, saying that it was still consistent with the previous government policy. But Peter Bone, another signatory to the amendments, said the whole situation was a "shambles" and called for the Chequers plan to ...

Money Microsoft thanks the cloud for a far brighter outlook
Author: 0 Microsoft thanks the cloud for a far brighter outlook

Net income, meanwhile, was up 10 percent to $8 billion. Microsoft's More Personal Computing business continues to be the main driver for revenues, earning $10.8 billion and up 17% year-over-year. Microsoft's earnings once again grew on the strength of its cloud services. Microsoft's Enterprise Mobility suite now has 82 million seats, up 55 percent year on year.

Money Amazon sells more than 100 million products on Prime Day event
Author: 0 Amazon sells more than 100 million products on Prime Day event

Some Amazon customers were frustrated by crashes during the site's Prime Day sales event, according to posts on Twitter from across the United States. Its annual flash sale give shoppers the chance to snap up bargains on millions of products across fashion, electrical, grooming and technology. She also said some of the products Amazon's site was pushing were a little odd, like urinal splash guards in the health section.

Author: 0 Trump rips Fed again for hiking interest rates

Tightening now hurts all that we have done. The US dollar fell against major currencies on Mr Trump's threat to impose more import tariffs and his repetition of complaints about rising interest rates and the strength of the US dollar. Powell added that "no one in the administration has said anything to me that really gives me concern on this front". But at the same time I'm letting them do what they feel is best , ' Trump said.

Money Will EU penalty make a difference in Google's smartphone dominance?
Author: 0 Will EU penalty make a difference in Google's smartphone dominance?

Competition commissioner Margrethe Vestager said this showed how "Google used Android as a vehicle to cement the dominance of its search engine". "This harmed competition by significantly reducing their incentives to pre-install competing search apps". The European Commission says the large fine is appropriate because of the "duration and gravity" of the antitrust violations.

Money British cave diver mulls legal action over Musk's attack
Author: 0 British cave diver mulls legal action over Musk's attack

Three days after the rescue operation was complete, CNN posted an interview with a British spelunker who had helped locate the boys, Vernon Unsworth , who called Musk's submarine a " PR stunt ". "I can't put words to what I feel about the guy but it's not finished", he said. He has nearly half as many as U.S. President Donald Trump, who likewise attacks his critics with relish on Twitter.

Money Netflix plunges as subscriber growth disappoints
Author: 0 Netflix plunges as subscriber growth disappoints

Earnings per share came in at 85 cents, beating the 79 cents predicted by analysts surveyed by Thomson Reuters I/B/E/S. With all this, the stock is tanking. "Should Hulu begin to compete effectively for Warner, Fox, Universal, and Disney content, we expect exclusive deals to sharply reduce the amount of content purchased by Netflix , limiting Netflix's ability to raise price [s]".

Money T2 gets a sneak peek of Amazon Prime Day
Author: 0 T2 gets a sneak peek of Amazon Prime Day

Once you've signed up for Amazon Prime, you'll get $10 on your first purchase of $20 or more when you download and sign into the Amazon app from your mobile device for the first time. All Vodafone RED postpaid plans that are priced at Rs. 399 and above offer a 1-year Amazon Prime membership for free. Calvin Klein clothes for men and women are up to 76% off with the Deal of the Day at Amazon! Amazon Prime Day Sale: How to get a Prime Membership? It will get hard to keep ...

Money How to get Amazon Prime for free for Prime Day
Author: 0 How to get Amazon Prime for free for Prime Day

If you see them on sale, it's smart to buy early, as cooking gear tends to be one of the most popular categories on Prime Day (and items sell out quickly). During Amazon Prime Day itself, not all of the products included in the sale will be discounted at the same time and not all will be for the duration of the event.

Money Lines for Build-A-Bear promotion out the door
Author: 0 Lines for Build-A-Bear promotion out the door

In the U.S., parents reported having to wait up to five hours in lines, with some eventually missing out when a number of stores were forced to close. Build-A-Bear workers said they weren't shutting the event down in Kennewick. We understand our affected Guests may be disappointed, and we are working to address the situation.

Money Trump says 'up to the people' whether to back Prime Minister May
Author: 0 Trump says 'up to the people' whether to back Prime Minister May

And that is fine, she should negotiate the best way she knows how. The Sun said its interview with Trump was conducted in Brussels before he left for the British leg of his trip. People inflate a helium filled Donald Trump blimp, which they hope to deploy during the President's visit, in London , June 26, 2018. "I think he is a great representative for your country", he said.

Money U.S. to impose tariffs on $200 billion Chinese imports
Author: 0 U.S. to impose tariffs on $200 billion Chinese imports

The United States remains willing to engage in negotiations with China on the issues at hand, he added. "There is still a good six or seven weeks before these (tariffs) take effect so it is not like we are going to see these tomorrow, but it is definitely the next step in a trade war ", TD Securities global strategist James Rossiter said .

Money USA to move forward on US$200b China tariff list
Author: 0 USA to move forward on US$200b China tariff list

The additional US tariffs, which will go through a two-month approval process including a public hearing, come after China retaliated in a tit-for-tat trade skirmish last week. Members of Congress are increasingly questioning Trump's aggressive trade policies, warning that tariffs on imports raise prices for consumers and expose U.S.

Money Where the Trade Battle Hurts the Most
Author: 0 Where the Trade Battle Hurts the Most

This figure is nearly the total sum the US imported from China in 2017. Commerce Secretary Wilbur Ross this week criticized warnings that the tariffs could stifle global economic growth as "premature and probably quite inaccurate". "Trade war is never a solution ", Li said at a news briefing with Bulgarian Prime Minister Boyko Borissov in Sofia. Tokyo closed 1.1% higher, but Hong Kong fell 0.5% in late trading.

Money Oil prices edge up as US supply tightens, Iran sanctions loom
Author: 0 Oil prices edge up as US supply tightens, Iran sanctions loom

If anything, they are driving prices higher as the United States defends many of their members for very little $'s. Speaking to the Wall Street Journal, Michael Cohen , Head of Energy Commodities Research at Barclays, said the market was now "caught between two forces".

Money Elon Musk sends help to Thailand cave rescue
Author: 0 Elon Musk sends help to Thailand cave rescue

They will undergo a thorough medical examination to decide whether they are fit enough for the risky escape from the cave in in Chiang Rai , northern Thailand , which is being pumped with oxygen. Representatives for Elon Musk are in talks with Thai authorities about aiding in the rescue of a boys' soccer team stuck in a cave. That's the name of the young boys' team.

Money Lower oil prices or we will not ‘defend’ you
Author: 0 Lower oil prices or we will not ‘defend’ you

General view of Aramco tanks and oil pipe at Saudi Aramco's Ras Tanura oil refinery and oil terminal in Saudi Arabia May 21, 2018. President Donald Trump has again lashed out at an global body - this time, it's the Organization of the Petroleum Exporting Countries ( OPEC ), which he accused Wednesday afternoon of driving up gas prices.

Money China warns United States
Author: 0 China warns United States "opening fire" on world with tariff threats

Speaking at a weekly news conference, Commerce Ministry spokesman Gao Feng warned the proposed USA tariffs would hit global supply chains, including foreign companies in the world's second-largest economy. Fears over the impact of the trade clash have rattled markets around the world, with China's stocks and currency coming under particular pressure in recent weeks.

Money Trump Talks with Mexico’s President-Elect on Border, NAFTA
Author: 0 Trump Talks with Mexico’s President-Elect on Border, NAFTA

That is what we always want to maintain with the USA government, that there be mutual respect. "I told him a number of years ago when I saw him campaigning for a different race, frankly, a different year, a different race, I said he'll be someday he's going to be the President of Mexico ".

Author: 0 Trump blasts OPEC, warns European companies against business with Iran

At the same time, the official said, the United States would work with countries that import Iranian crude on a "case by case" basis, signaling that the Trump administration might not immediately impose sanctions on those that continue importing from Iran beyond a November 4 deadline.

Money Walmart's impeach Trump clothing draws social media outrage
Author: 0 Walmart's impeach Trump clothing draws social media outrage

It's worth noting that Walmart also sells pro-President Donald Trump apparel, too, including the president's signature red "Make America Great Again" hat. Items both for and against President Barack Obama and former Secretary of State Hillary Clinton are also for sale. The company issued a similar statement when it came under fire past year for selling a shirt with the words "Rope".

Money Amazon Prime Day 2018 Kicks Off July 16, Deals Already Happening
Author: 0 Amazon Prime Day 2018 Kicks Off July 16, Deals Already Happening

Prime members will see deals taking place at Whole Foods and events taking place in major USA cities. Amazon Prime Day sees the company heavily discount items across the amazon.com.au store front, offering discounts on books, electronics, DVDs, video games, smart home, cookware and kitchen appliances, toys, fashion, and everyday essential items.

Money EU warns U.S. of boomerang effect if Trump imposes car levies
Author: 0 EU warns U.S. of boomerang effect if Trump imposes car levies

The EU, which described the move as "pure protectionism", introduced duties on USA products in return, as did Mexico, Canada, Turkey and India. Canada is the United States' second-biggest trading partner in goods, just behind China . The EU has warned Washington that a threat to slap Europe with major auto tariffs could inflict serious damage to the U.S. economy and would prompt strong retaliation .

Money USA wants to reduce Iran's oil revenue to zero
Author: 0 USA wants to reduce Iran's oil revenue to zero

Rouhan, now on a visit to Europe to discuss the future of the nuclear deal, warned that any threat to Iran's crude oil exports would threaten the rest of the Mideast. US President Donald Trump said Saturday that Saudi Arabia had agreed to increase oil production by up to 2 million bpd to moderate high prices. At the same time, the official said, the United States would work with countries that import Iranian crude on a "case by case" basis, signaling that the Trump administration might not ...

Money Tesla hits 5,000-unit weekly production for Model 3
Author: 0 Tesla hits 5,000-unit weekly production for Model 3

Musk says that the standard AWD Model 3 will cost $5000 more than the single-motored auto, and will get to 60mph from a standstill in just 4.5 seconds. Despite working overtime, during now-mandatory weekend shifts, workers told Reuters they were pulled from other departments, disrupting production of the Model S and X lines.

Money US, Canada trade war?
Author: 0 US, Canada trade war?

Freeland also said they are prepared if Trump escalates the trade war. "Canada has no choice but to respond in accordance with the rules of global trade". "Canada is America's biggest customer". Canadians are particularly anxious about auto tariffs because the industry is critical to Canada's economy.

Money Trump urges Saudis to raise oil output ‘by two million barrels’
Author: 0 Trump urges Saudis to raise oil output ‘by two million barrels’

USA retail unleaded gasoline prices, including taxes, averaged $2.833 a gallon for the week ended 25 June, according to the nation's Energy Information Administration. Output is expected to rise to 11 million barrels in July, according to Reuters . Saudi Arabia has a maximum sustainable capacity of 12 million bpd, but it has never tested that level of production.

Money Rahul targets Modi on black money
Author: 0 Rahul targets Modi on black money

Because of steps taken by the government , the total income tax collection for the year 2017-18 is Rs 10.02 lakh crore, a four year increase of 57 per cent, he said. On Friday, he had echoed the government's argument on the Swiss Bank data after Finance Minister Piyush Goyal had spoken. "This has led to misinformed reaction in certain circles raising a query whether the government's anti-black money steps have yielded results", Jaitley said in a blog.

Money A final good-bye: Toys R Us closes its doors forever
Author: 0 A final good-bye: Toys R Us closes its doors forever

Toys "R" Us has closed all of its stores, with the United Kingdom shops shutting up in April and their U.S. counterparts closing yesterday. Her photo of Geoffrey the Giraffe leaving got the most attention, receiving almost 300,000 shares on Facebook.

Money Stocks mixed as investors keep eyes on US-China tensions
Author: 0 Stocks mixed as investors keep eyes on US-China tensions

Chinese shares slumped to fresh two-years lows on Thursday and were set for their worst monthly performance in years as trade tensions with the United States and worries about debt dimmed the outlook for China's economy. It didn't address complaints Beijing hampers access to promising industries and that plans for state-led development of Chinese champions in electric cars and other industries violate its free trade commitments.

Money Latin America Energy, Oil and Gas, News and Information
Author: 0 Latin America Energy, Oil and Gas, News and Information

Energy Department. Nobkhat revealed that his government is creating an emergency budget which will be discussed by parliament along with the public budget. The move higher in prices has also started to close the gap with Brent crude prices nearly halving the gap from over $11 earlier this month to just under $6 now.

Money Oil Prices, Stocks Jump As US Output Stays Flat, Inventories Plunge
Author: 0 Oil Prices, Stocks Jump As US Output Stays Flat, Inventories Plunge

The main disagreement in the meeting was between some OPEC members wanting to increase the amount of oil while others member wanted the oil production to stay as it is. He will soon realize that he is mistaken". The U.S. official specifically cited India and China as countries that would have to stop accepting Iranian imports, though officials have not yet spoken with those countries.

Author: 0 Donald Trump claims on Twitter that Saudi Arabia will boost oil production

Non-OPEC member Russian Federation on June 23 also backed the effort, capping a week of tense diplomacy for the bloc that averted a damaging rift between arch foes Iran and Saudi Arabia. In the end, both sides were able to save face. Besides the looming USA sanctions against Iran, which is fueling the rally in Brent futures, and the outage in Canada, which is supporting WTI crude, both markets are also benefitting from supply issues in Venezuela and Libya .

Money Oil rises 28 cents, after big drop in U.S. crude stockpiles
Author: 0 Oil rises 28 cents, after big drop in U.S. crude stockpiles

OPEC nation Iran said it expects the group to stick with its pact to restrain oil supply as world markets don't need more crude. "Not good!" Trump tweeted Wednesday morning. Brent crude oil LCOc1 lost 82 cents to trade at $75.92 a barrel by 11:32 a.m. (1532 GMT), while West Texas Intermediate crude CLc1 slipped 24 cents to $66.40.

Money Rising tariffs forces Harley-Davidson to shift some production overseas
Author: 0 Rising tariffs forces Harley-Davidson to shift some production overseas

If they move, watch, it will be the beginning of the end - they surrendered, they quit!. Mr Trump tweeted that Harley-Davidson had already announced it was closing a Kansas City plant and moving those jobs to Thailand. The plant in Kansas City that Trump wrongly said would see its work shifted there actually is being closed as part of a reshuffling that will move production to York, Pa.

Money United States tells allies they must stop importing Iran oil by November
Author: 0 United States tells allies they must stop importing Iran oil by November

A senior State Department official warned foreign capitals that the USA will not be "granting waivers" under the new sanctions regime and described tightening the noose on Tehran as "one of our top national security priorities". Last month, the EU said it would revive legislation to allow European companies to continue doing business with Iran, despite USA rules. The diplomatic efforts will affect several key US allies that import significant amounts of Iranian oil, including Japan, South ...

Money The inexorable decline of the Turkish lira under Erdogan
Author: 0 The inexorable decline of the Turkish lira under Erdogan

His main and closest rival Muharrem Ince, the candidate of the secular main opposition CHP, got 31 percent of the votes from people who hoped for a political sea-change. It was unclear whether Erdogan was also referring to Indonesia, the world's largest Muslim country and thirdlargest democracy, which will hold its presidential election in April next year.

Money OPEC agrees to increase oil production
Author: 0 OPEC agrees to increase oil production

By avoiding setting individual country targets, the deal appears to give Saudi Arabia the leeway to produce more than its official OPEC target and fill the gap left by those like Venezuela who can not pump enough to meet their official allocation.

Money Britain backs EU duties on American goods, May’s spokesman says
Author: 0 Britain backs EU duties on American goods, May’s spokesman says

President Donald Trump on Friday threatened to slam huge tariffs on imported cars from the European Union, a massive threat in the escalating trade conflict between the allies. Why would we import a vehicle when if we make more cars in the United States we create more factories, more jobs, more revenue, more taxable income? The EU has announced a two-phase response to the U.S.

Money Amazon Prime on BT TV STBs
Author: 0 Amazon Prime on BT TV STBs

While TV deals and the Echo products will be front and center, Amazon will have just as many deals that include home goods ranging from sheet sets to pillows and even the top chef knife deal of the entire year. Amazon Marketplace sellers are also expected to be active participants in this year's Prime Day . Consumers can expect discounts on Prime membership in the days leading up to Prime Day .

Money OPEC on tightrope as output target talks prompt clash
Author: 0 OPEC on tightrope as output target talks prompt clash

The overall figure for compliance came in at 162 percent for May, up from the recent April highs of 149 percent, due to the unexpected supply disruptions out of Venezuela , Iran , Libya and Nigeria. Further to OPEC being blindsided by the rise of shale oil, the global "Easy-Money" environment perpetuated by central banks - namely the US Fed's Quantitative Easing (QE) program - has also played a key role in the Shale supply-boom.

Money Supreme Court sales tax ruling to make online shopping more expensive
Author: 0 Supreme Court sales tax ruling to make online shopping more expensive

Wayfair . Attorney General Marty Jackley said it was a win for South Dakota and for "Main Street businesses across America that will now have a level playing field and tax fairness". Hearst told 22News major online retailers like Amazon do collect a sales tax, but most of their sales are from third party sellers. That may change as state laws are modified.

Money Oil prices rise ahead of OPEC, China tariffs loom over United States prices
Author: 0 Oil prices rise ahead of OPEC, China tariffs loom over United States prices

Union Petroleum Minister Dharmendra Pradhan on Monday said India will raise the issue of the recent fuel price hike at the upcoming meeting of the Organization of the Petroleum Exporting Countries (OPEC) countries in Vienna. The market was expecting an increase of around 1-1.5 million barrels. Two OPEC sources told Reuters that even Saudi Arabia's Gulf allies Kuwait and Oman were against big, immediate increases in output.

Money Above $74: Brent oil rises by $1 ahead of OPEC decision
Author: 0 Above $74: Brent oil rises by $1 ahead of OPEC decision

The proposal has yet to win the backing of all OPEC members, and may meet resistance from more hawkish countries in the group including Venezuela and Algeria as well as Iran. Earlier this week, Zanganeh left the door open for a deal, saying Opec members that had overdelivered on cuts in recent months should comply with agreed quotas.

Money China hikes tariffs on USA soybeans, electric cars, fish
Author: 0 China hikes tariffs on USA soybeans, electric cars, fish

Those tariffs, set to start taking effect July 6, were matched by China's threat to penalize USA exports. Asian stocks sank on Tuesday (Jun 19) and Shanghai shares tumbled to near two-year lows as U.S. China warned it will take " qualitative " and " quantitative " measures if the US government publishes an additional list of tariffs on its products.

Money DISNEY Ups FOX Bid to Knock of Rival Comcast
Author: 0 DISNEY Ups FOX Bid to Knock of Rival Comcast

On the TV side some titles they will control include The Simpsons , Family Guy , Legion , American Horror Story , The Orville , NBC's This Is Us and ABC's Modern Family . An important part of the Fox assets getting attention are the company's worldwide assets such as Star India. Comcast and Disney each own a 30 percent stake in Hulu and Time Warner holds 10 percent.