Markets

by | August 28, 2018 | 13:39

There's optimism that U.S. Trade Representative Robert Lighthizer and Mexican Economy Minister Ildefonso Guajardo could conclude their face-to-face negotiations as early as this week - and open the door for Canada to re-enter the talks. There are also concerns Canada's two NAFTA partners have gone much deeper into trilateral issues during Ottawa's absence. Last week, Trump suggested that Canada had deliberately been frozen out of the NAFTA talks.

by | August 24, 2018 | 05:12

An explanation could be that some lawmakers fear they will be punished by voters if they put their names to dumping Turnbull. "If the motion is carried, I will treat that as a vote of no confidence and I will not stand as a candidate in the ballot".

by | August 24, 2018 | 04:15

That boosted the dollar, which has benefited from President Donald Trump's protectionist policies and from a flight to quality as geopolitical tensions mount. A Chinese central bank official said on Tuesday that China had taken note of the United States comments on the yuan, and said the two sides should communicate on the issue.

by | August 21, 2018 | 11:57

SodaStream makes machines that carbonate home tap water. He added: "PepsiCo is finding new ways to reach consumers beyond the bottle". Last week, Coca-Cola agreed to buy a minority stake in Bodyarmor, a sports-drink maker whose backers include former basketball star Kobe Bryant, in a further move to diversify beyond sugary, fizzy beverages.

by | August 20, 2018 | 21:17

I have asked the SEC to study!" - he continued. SEC spokesmen didn't respond to requests for comment. I asked, what could we do to make it better? SEC Chairman Jay Clayton , a Trump nominee, has said increasing the number of public companies and initial public offerings are among his top priorities.

by | August 20, 2018 | 20:15

During the interview, journalists said Musk alternated between laughter and tears as he opened up about his busy work routine and recent controversies. Musk told the Times no one reviewed the tweet before he published it and said he was attempting to be transparent. On Tuesday, Tesla said its board of directors had formed a special committee to consider any forthcoming go-private proposals.

by | August 17, 2018 | 17:57

In a tweet on Thursday, Trump hailed Brunson as a "great patriot hostage" lashing at Turkey for "holding our wonderful Christian pastor". "We've seen no evidence that Pastor Brunson has done anything wrong and we believe he is a victim of unfair and unjust detention by the government of Turkey", White House Press Secretary Sarah Sanders said at the time.

by | August 17, 2018 | 16:57

The U.S. measures are suspected of violating WTO Agreement on Safeguards. Since the start of the year, the United States has been wielding tariffs against its trading partners worldwide to alter what President Donald Trump calls "unfair trade practices".

by | August 17, 2018 | 15:40

Treasury and Finance Minister Berat Albayrak was quoted by private media NTV as saying the economy would emerge stronger from the turmoil. However, the currency market's reaction to his conference call - in which he also said Turkey had no plans to seek help from the International Monetary Fund or impose capital controls to stop money flowing overseas - was measured.

by | August 15, 2018 | 20:59

The Turkish lira plummeted to a record low on Monday, losing almost 40 percent of its value since the start of 2018. The diplomatic dispute has sent shockwaves through financial markets across the world as the plunging lira causing currencies in other developing countries to nosedive.

by | August 15, 2018 | 20:56

Analysts polled by S&P Global Platts Monday were looking for USA crude inventories to have declined by 1.7 million barrels for the week ending August 10, with refinery runs remaining high on healthy margins and strong export demand. The API also reported a draw in gasoline inventories last week in the amount of 1.56 million barrels. Crude oil storage tanks are seen from above at the Cushing oil hub, in Cushing, Oklahoma, March 24, 2016.

by | August 15, 2018 | 19:57

Some Italian media , citing sources within the interior ministry, said that at least 11 people had died, though it was not immediately possible to confirm this figure. "We have one of the biggest dealers in Europe that tells us that the bridge was safe and there was [no way] to imagine the collapse", Di Maio wrote.

by | August 15, 2018 | 13:24

The lira was at 6.49 to the dollar, a gain of 4.5 percent on the day and 7.50 to the euro, well off the record lows of 7.24 to the dollar and 8.12 to the euro seen Monday. The US Treasury Department on August 1 announced sanctions on Turkish Interior Minister Suleyman Soylu and Justice Minister Abdulhamit Gul. The Turkish lira has dropped to record lows in recent weeks, having fallen some 42 percent so far this year.

by | August 14, 2018 | 18:40

After Musk made his initial announcement via Twitter , claiming he may have a deal worth $72 billion, valuing the company at $420 a share, Tesla shares rose 11 percent to almost $380 (£298), But soon after, shares dropped back down. On the other hand, the two who have filed the class action suits have also not disclosed any proof that Musk's claim is a falsehood. Short sellers are investors who bet against a company and look for its stock price to go down.

by | August 14, 2018 | 18:36

Turkish Airlines and Turk Telekom said the advertising boycott would encompass all written, visual and social media, although existing agreements would not be affected. Mr. Erdogan said Turkey was facing an "economic attack" and a "bigger, deeper operation". "What do you want to do?" "We will produce every product we are importing from overseas with foreign currency here and we will be the ones exporting these products".

by | August 13, 2018 | 18:23

That meeting inspired Musk's "funding secured" tweet last week that said he was "considering taking Tesla private" at $420 a share, he wrote. "The question is still around Tesla's future sales". The timeline begins on August 2, when Musk told the board that he wanted to take Tesla private. Musk wrote that he made the August 7 announcement because he had talked to large investors about his desire to take the company private.

by | August 11, 2018 | 20:38

Turkey's currency crisis has lurched on to the global stage, denting European and United States stocks as fears of contagion rise. Today, however, this does not appear to be on the cards, amid growing divisions between Turkey and the US. High level meetings in Washington between US and Turkish officials ended this week without an apparent resolution. These loans make up about 40 percent of the Turkish banking sector's assets.

by | August 08, 2018 | 21:01

President Donald Trump's administration. "For instance, those United States products that become gradually indispensable for Chinese firms and consumers would be subject to additional levies of 5 percent". President Donald Trump is losing his trade wars - at least according to his favourite measure of success. A Chinese Foreign Ministry spokesman had earlier called on Washington to "come to its senses" and settle the dispute.

by | August 05, 2018 | 22:40

Economists forecast that employers added 191,000 jobs in July, down from 213,000 in June but easily enough to lower the unemployment rate over time. That was an improvement over a 4-cent gain in June. But in June, Minnesota's unemployment rate was below the national average at 3.1 percent. The White House has slapped tariffs on steel and aluminum and on $34 billion of imports from China, and several companies have hit US imports with retaliatory duties.

by | August 05, 2018 | 22:15

On the back of renewed tensions between Iran and the United States, the Islamic Republic's President Hassan Rouhani delivered a thinly-veiled threat to hamper oil shipments in the Gulf. Washington's withdrawal from the landmark Iran nuclear deal was criticized across the world. The Trump administration wants Iranian oil exports cut to zero by November 4.

by | August 04, 2018 | 22:55

The combined total of over $500 billion of goods would cover virtually all Chinese imports into the United States. Trump and other NAFTA critics say the agreement encouraged US manufacturers to move factories - and jobs - south of the border to take advantage of lower-wage Mexican labor.

by | August 03, 2018 | 18:38

That includes clothing , shoes, school supplies and some electronics. The goal of the bill was to help parents buy all of their children's back-to-school needs. Most delivery charges are included in the tax base for the sales tax and the use tax. There's no Missouri sales tax on school supplies up to $50 or clothing under $100 from Friday through Sunday.

by | August 02, 2018 | 20:07

Apple on Thursday became the first private-sector company in history to be worth $1 trillion, after its share price reached an all-time high above $207. The first company to ever be worth $1 trillion was Petrochina , which reached the valuation briefly on its first day of trading, following its 2007 IPO.

by | August 02, 2018 | 18:26

VideoTesla soared in late trading after second-quarter revenue beat expectations and the cash burn slowed. This quarter, Tesla hit its 5,000-car-per-week production goal "multiple times" in July-meaning it's not hitting this rate consistently.

by | July 31, 2018 | 17:51

As it turns out, it won't come until 2019, but the company has way more up its sleeve than just a single electric bike. Next year, Harley Davidson will launch its electric cruiser motorcycle - the LiveWire . There's also an e-bike and scooter concept, both of which reference Harley-Davidson's sensible commuter options (many of them rebadged Euro machines) which were common enough until the Japanese took over the market in force in the late '60s and early '70s, with cheaper, more ...

by | July 30, 2018 | 21:30

Mr Kacouris said the marketplace was "shocked" when "the truth" began to emerge on Wednesday from the Menlo Park, California-based company. He said the 19 percent plunge in Facebook shares the next day stemmed from federal securities law violations by the defendants.

by | July 28, 2018 | 19:48

In recent years, investors - from individual traders to the world's largest hedge funds - have snapped up shares in these companies, which include Facebook , Amazon , Apple and Google's parent company, Alphabet . "This is a direct result of scale as it becomes increasingly hard to grow at such high rates when a company hits this size", Windsor wrote. Facebook's shares recovered somewhat after the call.

by | July 27, 2018 | 22:30

Maximum temperature 23 °C. Several places have had 54 consecutive dry days since 30 May including a few that have had less than 1mm of rain in the entire 54-day period - the longest spell since 1969, when 70 days passed with no significant rainfall, according to the Met Office .

by | July 26, 2018 | 17:41

After the meeting with Mr Juncker, Mr Trump said the two sides would now be " more reciprocal". Juncker said the two sides also agreed to work together to reform the World Trade Organization , which Trump has vehemently criticized as being unfair to the U.S.

by | July 26, 2018 | 13:25

Shares tumbled 20 percent subsequent to the company reporting its second-quarter earnings - after the market closed. In fact, it would have wiped out 87 percent of the billionaires in Bloomberg's index. In Europe, Facebook had to respond to new privacy rules. Facebook said it had 1.47 billion daily active users in June, compared with the 1.48 billion average of analysts' estimates compiled by Bloomberg.

by | July 25, 2018 | 19:43

Brit Mike Manley replaced Marchionne as Fiat Chrysler CEO only last week, as the Italian's health worsened following surgery on his shoulder. Marchionne suffered an embolism while undergoing an operation for an invasive shoulder sarcoma and suffered irreversible damage to his brain function, an Italian business website reported Tuesday.

by | July 24, 2018 | 21:37

Alphabet is expected to report per-share earnings of $9.66, excluding the impact of a $5.07 billion charge accrued in connection with a European Commission fine, according to analysts polled by FactSet . The company's stock took a slight hit after news of the fine broke last week, but it was trading at $1,211 per share at market close, up 7 percent over the past month.

by | July 24, 2018 | 21:24

The $12 billion in funding will arrive through direct assistance, a food purchase and distribution program, and a trade promotion program, all paid for by USA taxpayers. In a Tuesday morning tweet, he called tariffs " the greatest ", saying every USA trade partner should either negotiate a "fair deal, or it gets hit with Tariffs".

by | July 23, 2018 | 16:44

According to a recent United Nations panel of experts report, North Korean coal shipped to the Russian port of Kholmsk was reloaded on two vessels that entered South Korea's Incheon and Pohang ports and arrived after the UN Security Council's comprehensive coal ban was implemented in August a year ago.

by | July 21, 2018 | 15:43

N Crude has retreated by about 6 per cent this month as the prospect of a tit-for-tat trade war between the United States and China rattled global financial markets. The Energy Information Administration (EIA) reported that USA crude oil production exceeded 11 million barrels a day for the first time in history.