Markets

Trump's $200 billion China threat wobbles European, hurts Asian stocks

The White House pledged to immediately pursue further tariffs on around $267 billion of Chinese imports if the country retaliates. China announced $60 billion in retaliatory measures on Tuesday, which included a 10 percent tariff on imported LNG from the United States .

Britain Confident Trump Will Stand Up to Putin

Speaking by telephone, Andrei Kuklin, head of the company, said, "Unfortunately I can not comment". Russian Deputy Foreign Minister Sergei Ryabkov called the sanctions as well as other USA steps over alleged hacking groundless and promised a response.

Elon Musk: This has been the most painful year of my career

Investors must have gotten unnerved. Musk's tweet caused a financial firestorm with Tesla shares immediately skyrocketing by nearly 11 per cent, although in the coming days they lost a good part of what they had gained and tanked further after Musk's interview with the NYT .

Why markets are anxious about suddenly cold Turkey

U.S. Treasury Secretary Steven Mnuchin assured President Donald Trump at a cabinet meeting that sanctions were ready to be put in place unless Brunson was freed. Referring to imprisoned pastor Andrew Brunson, Trump said "they have a great Christian pastor there, he's a very innocent man". Albayrak said there would be no concessions on fiscal discipline, adding: "We are targeting lowering inflation into the single digits as soon as possible".

Senior Chinese delegates to visit United States for trade war talks

The last official round of talks was in early June when the USA commerce secretary, Wilbur Ross , met Liu He in Beijing . While Mr Liu and Mr Ross had also been involved in the four previous rounds, US Treasury Secretary Steven Mnuchin's absence from the coming round rendered it a lower-level meeting.

Rupee slumps below 70 against U.S. dollar

Rupee hits a fresh lifetime low as EM currencies slide . Previously, the rupee had dropped 2.4 per cent or 148 paise in a single day in August 2013. dollar. India plans to raise 6.06 trillion rupees ($86.71 billion) in the current fiscal year ending in March 2019, to fund the fiscal deficit. "The dollar index has strengthened beyond 96 levels reflecting its safe-haven status due to a possible domino effect of the Turkey crisis on the other financial institutions".

China threatens new tariffs on $60bn worth of U.S. goods

Washington imposed 25 percent duties on $34 billion of Chinese goods on July 6. U.S. threats have escalated since, with the president saying he is ready to impose tariffs on all $500bn of Chinese imports. Beijing said the timing of the new tariffs would depend on whether the United States follows through on its threat. The Ministry threat came after Mr.

Trump plans emergency aid to farmers affected by his tariffs

Such a move comes after farmers across the country especially those of products like soybeans and apple have complained that the retaliatory tariffs have hit them very badly. House Speaker Paul Ryan Ryan offered Tuesday that he doesn't think "tariffs are the right answer". The plan, however, has already magnified objections among some Republicans that the tariffs amount to taxes on American consumers.

Business groups urge United States not to impose more tariffs on Chinese imports

Agriculture officials said the payments couldn't be calculated until after harvests come in. "It will rely in part on a Depression-era programme called the Commodity Credit Corporation , a division of the Agriculture Department that was created in 1933 to offer a financial backstop for farmers", it said.

GST Council Meet: Sanitary napkins exempted from tax

Sanitary napkins, which attract 12 per cent tax, and fortified milk, which was taxed at 18 per cent, have been exempt from the new indirect tax. The Goods and Services Tax Council on Saturday slashed rates on over 50 products in a move aimed at appealing to traders and the middle classes as Prime Minister Narendra Modi's government eyes next year's elections.

Trump threatens tariffs on all US$505 billion of Chinese imports

A top Federal Reserve official, meanwhile, warned the trade war could hurt the USA economy. The view that China and the euro area are manipulating their currencies contradicts the Treasury's own currency report , which found in April that no major US trade partner is gaming its exchange rate.

Trump to OPEC: 'Reduce pricing now!'

His latest was a reminder that the USA defends many OPEC members for "very little" money. Riyadh has the spare capacity to help meet any additional demand in the market, but has stopped short of saying it will immediately start adding the full two million barrels per day.

Amazon Prime Day Is Coming To Australia This Month!

This will be the fourth time that Amazon has held such an event, and this time around it will last a full day and half, giving Prime members plenty of time to sift through bargains. Second, use a site like CamelCamelCamel or a Chrome extension like Keepa . For this deal , it has cut the price from $229.99 to $129.99, which is the lowest price Amazon has ever had for the Echo Show .

Opec allies endorse 1 million bpd rise in oil output

Non-market issues like violence in Libya , sustained political issues in Venezuela , and future sanctions pressure on Iran raise questions about market balance. Oil prices rallied Friday, with USA crude futures up almost 6% for the week, as OPEC members agreed to raise output but by an amount that appears to be less than the market had anticipated.

Pioneer Sees Oil at $100 If There's No Supply Boost

The measure has helped rebalance the market in the past 18 months and lifted oil to around $73 per barrel from as low as $27 in 2016. Worldwide marker, Brent, traded above $100 a barrel for several years until 2014, dropping to nearly $26 in 2016 and then recovering to over $80 last month.

Trump Threatens Tariffs on $200B in Chinese Goods

Mr Trump added: "These tariffs will go into effect if China refuses to change its practices, and also if it insists on going forward with the new tariffs that it has recently announced ". The blue chip CSI300 index fell 3.6 percent to 3,621.12. Spot gold dropped 0.3 percent to $1,274.66 an ounce. Meanwhile, the Commerce Department said building permits plunged by 4.6 percent to an annual rate of 1.301 million in May after falling by 0.9 percent to a revised rate of 1.364 million in ...

Bank card chaos hits Kildare as customers experience problems using bank cards

The credit card payment firm confirmed the service disruption in a statement, and said it is in the throes of establishing its cause. The company has said Visa transactions are not being processed due to a service disruption. She says that the outage has been coming in waves, so it is hard to know whether the cards will work or not. Score of people took to social media to vent their frustration after the problem began around lunchtime on Friday.

Trump pushes ahead with metals tariffs against EU, Canada and Mexico

European Commission President Jean-Claude Juncker also said the EU would respond with penalties of its own on US exports. "This is protectionism, pure and simple", Juncker said. French Finance Minister Bruno Le Maire told U.S. Commerce Secretary Wilbur Ross on Thursday that U.S. tariffs would be unjustified and risky for growth and free trade.

Unexpected airport arrival: Dog gives birth at Tampa International

Ellie's job is normally to service her owner, but on Friday, she was the center of attention outside a bar near the F gates. Eleanor Rigby, a golden retriever service dog, was about to board a plane to... "The Fire Department was a wonderful help They really were", added Van Atter. "That's the only little girl we have". So far, Ellie has delivered five boys.

Congress ZTE bills pressure Trump not to lift sanctions

At a regular foreign ministry briefing in Beijing, a government spokesman said that the joint China-US statement on economic and trade consultations issued at the weekend had covered the matter. China's trade surplus with the U.S. was a record $375 billion in 2017. Mr. Trump is frustrated that Mexico and Canada haven't rolled over for U.S. Trade Representative Robert Lighthizer's absurd demand that 40% of light vehicle content and 45% of pickup trucks be produced in "high-wage zones" with an ...

Malaysian opposition leader is freed and pardoned

He is prime minister-in-waiting but unlikely to take over quickly from Mr Mahathir. On Wednesday, Anwar called his release a victory for all Malaysians, regardless of race or religion, who stood by the principles of democracy and freedom.

Under Pressure, Uber Ends Forced Arbitration For Sexual Misconduct Allegations

They can "tell their story wherever and however they see fit", West said . Gilman also points out that that Uber chief legal officer Tony West has credentials from the Justice Department to add weight to the policy. The decision comes only two weeks after CNN concluded its investigation and reported its results, which discovered that at least 103 Uber drivers in the USA have been accused of sexually assaulting or abusing their passengers in the past four years.

Taiwan seeks 'correction' after Air Canada lists Taipei as part of China

According to social media site Weibo , the map printed on the Gap T-shirt, which is now being sold in Canada , did not show the Chinese claimed territories, forcing the retail giant to apologize. In January, websites as well as apps for Marriott were blocked for more than week after the hospitality company listed Hong Kong, Macau, Taiwan and Tibet as individual countries in both emails as well as apps.

California Makes Historic Decision to Incorporate Solar On All New Homes

The Energy Commission expects the effort to reduce greenhouse gas emissions by 1.4 million metric tons over three years. The rule takes effect on January 1, 2020, and will apply to any new single-family home, apartment building, or condo that is three stories or under.

Wisconsin Man Sets New Record After Eating 30000th Big Mac

The Wisconsin man celebrated his achievement at the McDonald's on Military Road in Fond Du Lac . If he really has eaten as many Big Macs as he has claimed to have done, it means he's consumed just under 17 million calories from McDonald's, according to INC .

Tesla drops in premarket after Musk lets loose on call

Bernstein analyst A.M. (Toni) Sacconaghi: So where specifically will you be in terms of capital requirement? " Boring , bonehead questions are not cool". "Tesla has roughly half a million reservations, despite no advertising & no cars in showrooms". He stated that even after the company reaches 5,000 vehicles in production per week, and even if new sales dropped all the way to zero, it would take two years to satisfy existing demand.

Has Donald Trump Won the Nobel Peace Prize?

Trump was formally nominated for the 2019 Peace Prize by Republican members of the House on Wednesday. But the whispers are no doubt sweet music to the ears of the 71-year-old businessman, who assumed the presidency with no political, military or diplomatic experience, and whose thirst for recognition is firmly established.

Ford shifts gears, will stop making almost all its passenger auto

Ford's automotive revenue increased to $39 billion, exceeding the average projection for $37.2 billion in a Bloomberg survey. Ford had already announced that the new Fiesta ST would not be crossing the pond due to a lack of interest in the segment, but the main justification is, understandably, profit.

Facebook admits it didn't read terms of app that caused data breach

Net income attributable to Facebook shareholders rose in the first quarter to $4.99 billion, or $1.69 per share, from $3.06 billion, or $1.04 per share, a year earlier. When questioned by chairman Damian Collins, Mr Schroepfer said there was no "category-by-category opt-out" in terms of the kind of political advertising users were presented with, meaning they have no control over whether they're presented with adverts from particular campaigns or parties.

FAA Orders Emergency Inspections Of 352 Engines Following Deadly Southwest Incident

Investigators are continuing to work on the Southwest 737 that had an engine blow out in flight on Tuesday, killing 43-year-old Jennifer Riordan . The engine is built by CFM International, a partnership between General Electric and Safran Aircraft Engines, a French company.

Investigators visit alleged chemical attack site in Syria

Defense Secretary Jim Mattis blamed the Syrian government for delays in inspectors reaching the sites and said it has a history of trying to "clean up the evidence before the investigation team gets in". Opposition Labour party leader Jeremy Corbyn has claimed the air strikes were "legally questionable" and questioned the proof that the Assad regime was behind the chemical attack in Douma.

Watch This Jaw-Dropping Double-Dangle From Blue Jackets' Artemi Panarin

Josh Morrissey might be looking at a suspension for his cross-check to the neck of Eric Staal , while Wild coach Bruce Boudreau argued that the non-call on that play cost the Wild the game. Kovalchuk's contract will likely be the deal-breaker as he'll probably want a two or three year deal around $3-4M, which would be a steal for a player of his skill level if he had already proven he can still produce at the National Hockey League level.

Morgan Stanley posts record 1st-quarter profits

MS is uptrending and has moved 27.83% since April 17, 2017. Xact Kapitalforvaltning AB now owns 252,096 shares of the financial services provider's stock valued at $13,227,000 after acquiring an additional 14,917 shares during the period. Big Money Sentiment increased to 1.1 in Q4 2017. Its up 0.16, from 0.94 in 2017Q3. 111 funds bought stakes and 255 increased stakes. Hm Payson &, a Maine-based fund reported 6,532 shares.

Canelo Alvarez Gets 6-Month Suspension For Dirty Drug Test

In a report from ESPN's Dan Rafael on Wednesday, Vanes Martirosyan will be the opponent for Golovkin on May 5th at Carson, California's StubHub Center. "I hope he's learned a lesson, that he is responsible with what he puts in his body", commission Chairman Anthony Marnell said. "Alvarez denies intentionally taking clenbuterol or any other substances prohibited by the commission".

Government to file reference case: Can BC control pipeline flow?

But support for the idea of a pipeline doesn't mean British Columbians aren't anxious about its related impacts, according to ARI's data. Even supporters of the pipeline expressed some concerns about the risks associated with its building and use Photo- Angus Reid Inst .

IRS tax payment website is down on Tax Day

The crash affected the transmission of tax payments from paid providers and tax software companies like H&R Block and Turbo Tax. The full extent of the failure remains unclear, but it appears the agency's system for direct online tax payments is also malfunctioning.

Russian tycoon hit by United States sanctions

The London Metal Exchange (LME) said on Tuesday it would temporarily suspend Rusal's aluminum from its list of approved brands from April 17 after some members raised concerns about settling LME contracts with sanctioned companies. Meanwhile, Rusal board member Ivan Glasenberg, who is chief executive of Swiss-based trader Glencore, resigned on Tuesday, Glencore said. Russian tycoon and former president of Rusal Oleg Deripaska listens during the "Regions in Transformation: Eurasia" event in ...

RBI keeps repo rate unchanged at 6 percent, stance stays at 'neutral'

Even as RBI has switched growth forecasts from gross value added (GVA) to gross domestic product ( GDP ) in the interest of global comparability of economic performance, the MPC's expectation that India's GDP growth would improve to 7.4% in fiscal 2019 from 6.6% in fiscal 2018 appears to be highly overstated.

CBI to question Chanda Kochhar and her husband

The bank has clarified on news item which appeared in the Business Standard newspaper on April 2, 2018, captioned "ED initiates enquiry into ICICI- Videocon loan case ". NuPower then got a loan of Rs 64 crore in March 2010 from a company called Supreme Energy. The RBI has imposed a penalty on ICICI Bank for violating regulations around selling securities from the held-to-maturity portfolio of the bank's treasury book.

Global stock markets calm nerves after Easter plunge

The Cboe Volatility Index.VIX, the most widely followed barometer of expected near-term volatility for the S&P 500 , was down 0.13 point at 20.97. Technology companies again drove much of the gains. CBS Corp.(CBSA) rose 1.8% after the media giant reportedly made an offer to acquire Paramount Pictures parent Viacom Inc.(VIA) that was below Viacom's current market value of $12.5 billion.

Snow and rain cause bank holiday delays

More rain, freezing rain and snow are all expected and while Wednesday's high will be a tad improved at 5C, tomorrow's low is expected to drop all the way down to -12C. Monday morning". Skies become partly sunny in the afternoon . The average temperature of 36.8 degrees was 2.1 degrees below normal. Gusty northwest winds will make things feel even colder.

Beguiling Stock: Starbucks Corporation (NASDAQ:SBUX)

We will analyze the growth, profitability, risk, valuation , and insider trends of both companies and see which one investors prefer. Investors sentiment decreased to 0.77 in 2017 Q4. Baird. Janus Henderson Group PLC now owns 13,889,820 shares of the coffee company's stock worth $809,917,000 after buying an additional 13,452,551 shares in the last quarter.

Facebook Collected Text & Call Data of Android Users, #DeleteFacebook Movement Picks Up

The changes won't affect Facebook's privacy policies or the types of data it gathers on users. A spokeswoman for the House Energy and Commerce Committee said Tuesday that the committee is working with Facebook to determine a day and time for Zuckerberg to testify.

SoftBank builds world's largest solar power plant

The project is expected to build out all 200 gigawatts of the project by 2030, Masayoshi Sons said. About two-thirds of this energy was generated by natural gas and the rest by oil. SoftBank is said to have aimed to deploy as much as US$15 billion in a new city called Neom, which the crown prince plans to build on the Red Sea coast.

Elon Musk deletes Facebook pages of Tesla, SpaceX after Twitter challenge

The firm has "Sell" rating given on Wednesday, October 4 by Standpoint Research. Finally, Piper Jaffray set a $385.00 target price on Tesla and gave the stock a " buy " rating in a research report on Thursday, February 8th. Sumitomo Mitsui Asset Management Company LTD now owns 635,692 shares of the electric vehicle producer's stock worth $197,922,000 after purchasing an additional 276,781 shares in the last quarter.

Difficult for Liverpool sensation Salah to resist Madrid, says Wright

As Salah smashed in another four Premier League goals in Liverpool's 5-0 win against Watford on Saturday, this remarkable Egyptian superstar cemented his status as one of the most wanted men in world football. He told talkSPORT : "Salah has had a phenomenal season". Any enquiries for Salah, who has scored 36 goals and is a contender to win the PFA Player of the Year award, will be dealt with firmly and emphatically.

Federal Reserve trudges interest rate to top most level

The central bank is trying to balance a low unemployment rate with the potential for higher inflation . In a statement after its latest policy meeting, the Fed said it boosted its key short-term rate by a modest quarter-point to a still-low range of 1.5 percent to 1.75 percent.

Tesla shareholders approve multibillion-dollar Musk pay

The vote passed despite strong opposition from two proxy advisory firms: Institutional Shareholder Services and Glass Lewis. Tesla's stock was down 0.63% this year. It's especially similar since Mobileye is also an Israeli company operating in the space of autonomous driving technology. "These issues both potentially undermine the board's given objectives of retaining Musk and further aligning his interests with those of shareholders", ISS wrote.

Winn-Dixie parent company to file for bankruptcy, close stores

Southeastern Grocers' spokesperson Joe Caldwell says the company wants to keep as many employees as possible. Shoppers who frequent the Harveys on Edgewood Avenue are taking advantage of the store's location while they still can. In doing so, the company is pursuing an objective of reducing debt and bolstering the "long-term health" of their business. No date was given when the stores will close for good, but the company said it is their goal to emerge from this process within the next ...

Volkswagen veers towards electric cars

In 2015, Volkswagen was caught rigging cars to cheat on USA diesel emissions tests and paid more than 20 billion euros in fines and legal settlements. Among the beneficiaries of the sales boom is USA electric-car maker Tesla , whose sales success in the US and around the world was a bucket of cold water in the face of the traditional German automakers.