Money

China lodges WTO complaint over renewable energy tariffs

China lodges WTO complaint over renewable energy tariffs President Trump said Wednesday that tariffs are propelling the U.S.to better trade deals, defending his trade wars amid a new round of strong economic reports from the government. It said on May 14 it had issued a request to the WTO for a dispute settlement process with Washington. A spokesperson for China's Ministry of Commerce said in a statement that Trump's subsidy policy gives the United S... [Full Article...]

Qatar promises $15 billion investment in Turkey

Qatar promises $15 billion investment in Turkey Meanwhile, the Turkish people also expanded their boycott of other U.S. products ranging from textiles to fast food. "We got somebody out for him", Trump said . "The tariffs that the United States placed on Turkey were out of national security interests". Doha has $20 billion worth of investments in Turkey, and Ankara is one of the top exporters to the emirate. [Full Article...]

Qatar's emir travels to crisis-hit Turkey in show of support

Qatar's emir travels to crisis-hit Turkey in show of support Investors also fret over Erdogan's influence over monetary policy. Robust U.S. economic data this year, even as Europe and other major economies have lost some steam, has helped keep the U.S. In response, Turkey raised tariffs on several US-made goods , including alcohol and tobacco products and vehicles. Tuesday, Turkish President Recep Tayyip Erdogan called for a boycott of US electronics... [Full Article...]

U.S. and China meet for trade talks

U.S. and China meet for trade talks A senior USA government official confirmed the talks and said: "We expect to discuss steps to achieve a more balanced trading relationship". News of the meeting boosted the Chinese yuan and helped cap losses in China's stock markets.[CNY/][.SS]. [Full Article...]

Oil holds gain as Iran concerns counter bearish U.S. rigs report

Oil holds gain as Iran concerns counter bearish U.S. rigs report U.S. West Texas Intermediate ( WTI ) crude futures were down 23 cents, or 0.3 percent, at $66.81 per barrel. Some oil bulls are preparing for oil prices of US$150 and even US$200, Reuters reported yesterday, citing prominent hedge fund manager Pierre Andurand and Jean-Louis Mee, chief executive of Westbeck Capital. [Full Article...]

Death toll in Genoa bridge collapse rises to 35

Death toll in Genoa bridge collapse rises to 35 State radio Wednesday quoted the prefect's office confirming a death toll of 35 and denying some news reports that put it at 38. A 50-metre-high section of the Morandi bridge, including a tower that anchored several stays, crashed down with as many as 35 vehicles driving on it on Tuesday. [Full Article...]

Turkey increases tariffs on some US imports, escalating feud

Turkey increases tariffs on some US imports, escalating feud Earlier in August, his administration had levied sanctions against Turkey's justice and interior ministers, accusing them of playing "leading roles" in the organizations responsible for the arrest and detention of Pastor Andrew Brunson . [Full Article...]

A sixth firefighter killed battling California wildfires

A sixth firefighter killed battling California wildfires On Sunday, the California Department of Forestry and Fire Protection confirmed that the fire, which has destroyed approximately 1100 residences, has spread over 816 square kilometres and is 61 per cent contained. It is now threatening more than 1,500 others. It was 63 percent contained as of Monday afternoon, Cal Fire said. Data compiled by CAL FIRE , the state's fire agency, shows that fires... [Full Article...]

Elon Musk accused of making false statements - KVOA | KVOA.com | Tucson, Arizona

Elon Musk accused of making false statements - KVOA | KVOA.com | Tucson, Arizona Tesla was hit with another class-action lawsuit Friday, growing out of CEO Elon Musk's tweeted remark that he was considering taking the company private. After adjusting for inflation, that's more than the record-setting buyout of RJR Nabisco that closed in 1989. The total cost is about $72 billion. Even a "preliminary commitment" with an investor or bank would be enough to support the idea t... [Full Article...]

Erdogan says Turkey will boycott United States electronics

Erdogan says Turkey will boycott United States electronics The lira plunged to a fresh record low of 7.24 against the dollar during in Asia Pacific trade, where markets were opening for Monday morning. Erdogan said rumours had been spread that Turkey would establish capital controls following the decline of the lira, which fell 18% on Friday alone. [Full Article...]

Tesla, Elon Musk sued and official enquiries made over Twitter claims

Tesla, Elon Musk sued and official enquiries made over Twitter claims However, Reuters reports that PIF has shown no interest so far in financing Musk's proposed $72 billion deal to take the USA electric vehicle maker private . The Saudi fund hasn't made any firm decisions on whether to increase its stake, or by how much, but talks are ongoing, they said. The country's Public Investment Fund, which has built up a stake of nearly 5 per cent in Tesla in recent mo... [Full Article...]

Possible Plane Hijacking at Seattle-Tacoma International Airport

Possible Plane Hijacking at Seattle-Tacoma International Airport All flights were grounded at Seattle-Tacoma global airport in the U.S. when a passenger plane took off without permission. The local sheriff's office said the crash may have been caused by the man "doing stunts in air or lack of flying skills". [Full Article...]

Chinese exports accelerate as US prepares new tariffs in heated row

Chinese exports accelerate as US prepares new tariffs in heated row The latest U.S. tariffs on 279 products , including motorcycles, speedometers and antennas, will also take effect August 23. Chinese imports of USA crude oil in May, for example, averaged 427,000 bpd, more than any other destination and surpassing Canada's 289,000 bpd imports, EIA data shows. [Full Article...]

Elon Musk tweets he is taking Tesla private at $US420

Elon Musk tweets he is taking Tesla private at $US420 Following the tweet, Tesla stock shot up to $367.25 before the stock's trading was halted at 2:08pm. Tesla shares closed up 11 per cent at US$379.57, slightly below their all-time high. It drove $2.3 billion of convertible debt past the level at which investors can swap it for stock at a profit; if that happens Tesla will not have to pay back the debt with cash. [Full Article...]

China unveils retaliatory tariffs on $60B of USA goods in latest salvo

China unveils retaliatory tariffs on $60B of USA goods in latest salvo The timing of Friday's announcement hinted at that conflict. The inquiry found that Chinese theft of US intellectual property was costing the USA economy billions of dollars. Research later conducted on those tariffs found they negatively impacted employment and the USA economy. In early rounds, the United States and China went threat for threat, matching $50 billion and then $100 billion salvos... [Full Article...]

Crude palm oil futures slide on low demand

Crude palm oil futures slide on low demand Prices had tumbled to a six-week. Oil had been moving lower all session on the back of reports OPEC and Russian crude oil production rose during July, while a larger than expected DOE inventory build confirmed the API reports from Tuesday. [Full Article...]

India's Iranian oil intakes jump to record high in July

India's Iranian oil intakes jump to record high in July Iran said its Islamic Revolutionary Guard Corps held a naval exercise in the Strait of Hormuz last week "within the framework of their annual training program". Iran had hoped the lifting of sanctions would allow it to replace its aging commercial airline fleet, but the USA withdrawal has halted billion-dollar deals struck with Airbus and Boeing. [Full Article...]

Adds 157,000 jobs in July; unemployment rate at 3.9%

Adds 157,000 jobs in July; unemployment rate at 3.9% In May, the unemployment rate hit an 18-year low of 3.8%. White unemployment also dropped in July-to 3.4 percent-a rate unseen since the Yankees and Mets faced off in the World Series finale (October 2000). Construction gained 19,000 jobs, but retail trade only 7,000. The U.S. central bank said "the labor market has continued to strengthen and economic activity has been rising at a strong rate". [Full Article...]

HDFC increases lending rates by 20 basis points after RBI’s hike

HDFC increases lending rates by 20 basis points after RBI’s hike A Bank rate rise does not guarantee the equivalent increase in interest paid to savers . If interest rates are 1% or more by the time the economy sails into stormier seas, policymakers will at least be able to cut rates a couple of times before cranking up the printing presses for more QE. [Full Article...]

Samsung says Galaxy Note 9 will be 'reasonably' priced

Samsung says Galaxy Note 9 will be 'reasonably' priced The unit generated 11.6 trillion won in profits, about 80 percent of its total income. While the company's memory chip business is doing well, sales of its flagship Galaxy S9 smartphone and display panels are slipping after the company saw huge profit growth in 2017. [Full Article...]


« Previous 1 2 3 4 5 6 7 8 9 10 11  Next »