Money

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.

Money Stocks slump in global sell-off after Trump's China tariff threats
Author: 0 Stocks slump in global sell-off after Trump's China tariff threats

Last week Mr Trump announced the United States would impose 25% tariffs on $50bn worth of Chinese goods. China's commerce ministry said Beijing will fight back firmly with "qualitative" and "quantitative" measures if the United States publishes an additional list of tariffs on Chinese goods, accusing Washington of launching a trade war.

Money Google to invest $550 mln in Chinese e-commerce giant JD.com
Author: 0 Google to invest $550 mln in Chinese e-commerce giant JD.com

With some significant assistance from Google, there is opportunity for JD's expansion into European and USA markets. JD.com made the announcement on the same day as its annual 6.18 shopping extravaganza, which previous year made a record-breaking $17.6bn in sales, putting it just behind Alibaba's Singles Day.

Money Trade Dispute between US, China Rises
Author: 0 Trade Dispute between US, China Rises

Beijing responded within minutes to Washington's announcement, saying they would impose tariff measures "of the same scale and strength". President Trump warned that if China retaliates against the US with new tariffs of its own, the U.S.

Money US President Trump, Melania wish Muslims on Eid
Author: 0 US President Trump, Melania wish Muslims on Eid

Trump quickly retweeted at least a half dozen posts about the report from the "Fox & Friends" morning show on Fox News Channel. "We found no evidence that the conclusions by the prosecutors were affected by bias or other improper considerations; rather, we determined that they were based on the prosecutors' assessment of the facts, the law and past department practice", the report said.

Money Cautious ECB slams Euro, boosts stocks - CMC Markets
Author: 0 Cautious ECB slams Euro, boosts stocks - CMC Markets

Euro slides: The euro has slumped 2.5% against the U.S. dollar after the European Central Bank announced plans Thursday to end its €2.5 trillion ($2.9 trillion) stimulus program at the end of 2018. Benefiting from the ECB's decision were stock markets on both sides of the Atlantic. The rate of inflation is expected to be 1.7% in 2018, up from the 1.4% predicted previously due to higher oil prices.

Money Musk company to build Chicago-to-O'Hare express transport
Author: 0 Musk company to build Chicago-to-O'Hare express transport

Musk's plan proposes a 16-passenger autonomous vehicle that can whip passengers at speeds up to 100 miles per hour through tunnels between the airport and downtown. The company indicated in its proposal to the city that fares on its transportation system of the future - although not yet set - would cost more than the current $5 fare between O'Hare and downtown but less than the cost of a cab ride, which typically costs about $40.

Money Federal Reserve bumps up USA interest rate, signals two more in 2018
Author: 0 Federal Reserve bumps up USA interest rate, signals two more in 2018

Estimates of the long-run sustainable unemployment rate were unchanged at 4.5 per cent. "We can't be too attached to these unobservable variables". And if the Fed were to increase rates excessively without having a proper measure of the slack in the labor market, the result would be a curtailment of aggregate demand, pushing the economy into recession.

Money Comcast makes $65B bid for 21st Century Fox assets, nudging out Disney
Author: 0 Comcast makes $65B bid for 21st Century Fox assets, nudging out Disney

Disney would then have five days to respond with a counter bid. Comcast's letter didn't directly mention yesterday's AT&T/Time Warner decision, but it repeatedly cites the belief that this deal will be approved by regulators. Comcast's offer comes after Fox went with Disney despite a much higher bid in the low $60 billion range. It has been reported though that Fox execs are still leaning towards Disney and have asked their shareholders to do the same.

Money Trudeau's criticism will cost Canada 'a lot of money'
Author: 0 Trudeau's criticism will cost Canada 'a lot of money'

German Chancellor Angela Merkel found the contentious Group of Seven summit with U. S. But Arizona Sen. John McCain, who is often aligned with Graham, pushed back Saturday against Trump's refusal to sign the G-7 statement . And what did Trudeau do as soon as the plane took off from Canadian airspace? "That will not stand". "Kim must not see American weakness", he told CNN .

Money Tesla cutting 9% of jobs - Elon Musk
Author: 0 Tesla cutting 9% of jobs - Elon Musk

Tesla said it plans to cut 9% of its workforce as part of a restructuring meant to reduce costs and boost profitability. The company did not say how much money the cuts would save. Musk said the company was notifying affected employees this week. According to Musk, " Tesla has grown and evolved rapidly over the past several years, which has resulted in some duplication of roles and some job functions that, while they made sense in the past, are hard to justify today".

Money Singapore: Historic meeting between Trump, Kim will take place tomorrow
Author: 0 Singapore: Historic meeting between Trump, Kim will take place tomorrow

While Trump was optimistic about prospects for the summit between the old foes, USA secretary of state Mike Pompeo injected a note of caution ahead of the first-ever meeting of sitting U.S. Olivia Enos of the US -based Heritage Foundation is urging Trump to not ignore rights concerns. In the 1990s and again the early 2000s, North Korea agreed to halt its nuclear program only to continue with clandestine research.

Money USA cuts a deal with Chinese smartphone maker ZTE
Author: 0 USA cuts a deal with Chinese smartphone maker ZTE

That settlement also reportedly doesn't include the $361 million ZTE already paid to the Commerce Department. The crippling ban was put in place after Washington said ZTE violated a 2017 deal in which the Chinese company admitted to evading sanctions on Iran and North Korea.

Money Trump talks tough on trade ahead of G7 meetings in Canada
Author: 0 Trump talks tough on trade ahead of G7 meetings in Canada

Both Macron and Trudeau went out of their way to stress the close ties between their own countries. They said was an essential forum for finding common ground and resolving differences. He and Macron also noted that the tariffs would hurt American workers. Canada's Trade Minister Francois Philippe Champagne was even more blunt, declaring: "What we are seeing is that the world economic order is under pressure, under attack".

Money Mnuchin urged Trump to exempt Canada from steel and aluminum tariffs
Author: 0 Mnuchin urged Trump to exempt Canada from steel and aluminum tariffs

Jim Heimerl, an OH pork producer and president of the U.S. National Pork Producers Council, said the 20% tariff on pork legs and shoulders eliminates his country's ability to compete in the Mexican market. "I regard this as much like a family quarrel", Kudlow said. "That Canada could be considered a national security threat to the United States is inconceivable".

Money Musk keeps firm grip on Tesla as shareholders get behind boss
Author: 0 Musk keeps firm grip on Tesla as shareholders get behind boss

Pioneering electric auto maker Tesla will not be making any electric motorcycles, Tesla's founder Elon Musk has said . "It's like, I will tell you, the most excruciating, hellish several months I've maybe ever had - and a lot of other people at Tesla ", Musk said during the meeting, before inviting several of his top deputies to share the stage.

Money Vermont offers to pay remote workers $10,000 to move to state
Author: 0 Vermont offers to pay remote workers $10,000 to move to state

The money can be spent on qualified expenses such as rental and relocation costs, computer equipment and software, internet access, and co-working space memberships. Sirotkin, who burdened that legislators have been chose to make the appliance course of easy. Romeo-Boles said that the flexible remote work arrangement allows businesses to retain their older workers who also want to continue their careers.

Money Global stocks rise, bond yields fall as Italian political deadlock ends
Author: 0 Global stocks rise, bond yields fall as Italian political deadlock ends

That means that avoiding a new euro crisis largely hinges on the hope that Italy's populist politicians don't mean what they say and won't engage in budget-busting spending if they win a new election, expected as soon as September. After stripping out the volatile items of energy, food, alcohol and tobacco, inflation only rose to 1.1 percent from 0.7 percent. The 1.1500 level also corresponds to trend line support from the December 2016 lows at 1.0340.

Money U.S. levies steel, aluminum tariffs on allies, risks trade war
Author: 0 U.S. levies steel, aluminum tariffs on allies, risks trade war

The tariffs were first announced in March as a security measure and believed to be targeting China. And despite the picking and choosing of which allies that the US decides to slap with these tariffs , Ross defended the USA legal justification that they are being implemented under law meant to protect US national security.

Author: 0 Amazon blocks Australia from global sites over tax

Amazon announced today that they will no longer allow Australians to buy digital content through their United States portal and are forcing everyone to use the dedicated Australian page. Just how the world's overseas online retail giants would react to Australia's new (and controversial) GST rules had since been confined to the realm of speculation.

Money Sears, 1 Kmart stores in N.J. set to close
Author: 0 Sears, 1 Kmart stores in N.J. set to close

Liquidation sales will begin as early as June 14, according to the retailer. On Thursday afternoon, Sears Holdings released a list of stores that would soon be shuttered. " Amazon is hurting these traditional retailers". Sears Holdings closed its Kmart location at 180 Main St.in Saugus on earlier this month. The only other Sears store closing in SC is in Anderson.

Money Italian political crisis causes jitters in financial markets
Author: 0 Italian political crisis causes jitters in financial markets

US Treasury Secretary Steven Mnuchin is due to meet later this week with his counterparts at a Group of Seven ministerial meeting in British Columbia, Canada, an event sure to be dominated by the Italian crisis and Washington's multi-front trade disputes with major economies.

Money India's top fuel retailer trims petrol, diesel prices
Author: 0 India's top fuel retailer trims petrol, diesel prices

Petrol and diesel prices were today cut by one paisa per litre each, the first reduction after 16 days of relentless price hikes. The petrol price in the state today was Rs 82 per litre, while for diesel it was Rs 75, he said. In Kolkata, the party questioned the TMC's protest against the current fuel prices and asked it to reduce state-level taxes if it was "really serious" about the issue.

Money Personal information hacked in 100,000+ homes
Author: 0 Personal information hacked in 100,000+ homes

The FBI said owners of any small-office/home-office (SOHO) routers should reboot their devices, but that won't fully get rid of the malware. The FBI also recommends you upgrade your firmware, change your network password, and disable any remote-management systems to decrease the chances of the malware infiltrating your system.

Money Will Starbucks anti-bias training for employees be effective?
Author: 0 Will Starbucks anti-bias training for employees be effective?

Tuesday's four-hour session will give workers a primer on the history of civil rights from the 1960s to present day. The training includes a film about bias and will encourage employees to talk about their own experiences. About 175,000 employees are taking part. Nelson and Robinson settled with Starbucks this month for an undisclosed number. The NAACP's Sherrilyn Ifill , who is one of Starbucks's advisors on its anti-bias training material, has previously noted that "this can't be a ...

Money For 14th consecutive day, fuel prices increased across country
Author: 0 For 14th consecutive day, fuel prices increased across country

Petrol and diesel prices across the country were raised for the 15th straight day today with Oil Marketing Companies (OMCs) passing on the increase in global fuel prices to the consumers. "Both Centre and state have roles in controlling fuel price". "When crude prices were falling from November 2014, the repeated increase of duty was a strategic error of the government".

Money Amidst Uncertainties, US-North Korea Singapore Meeting Not Canceled
Author: 0 Amidst Uncertainties, US-North Korea Singapore Meeting Not Canceled

Rekindling hopes as quickly as he had doused them, Trump said it was even possible the meeting could take place on the originally planned June 12 date. Only last month the two leaders met in the same village, with Kim famously inviting Moon to step briefly into the North before they both held talks in a building on the South's side.