Money

by | June 22, 2018 | 15:28

Brent crude last month surged to a more than three-year high above $80 a barrel. Opec and its allies reached a preliminary agreement in the face of strong opposition from Iran to boost production by a theoretical 1 million barrels a day - the actual increase will be smaller as several countries are unable to raise output.

by | June 21, 2018 | 20:57

The Organization of the Petroleum Exporting Countries holds its biannual meeting in Vienna on Friday and is widely expected to agree to pump more, possibly supported by some other producers outside Opec , including Russian Federation. "OPEC is not part of the Department of Energy of the United States". Sources said a production rise of about 1 million bpd was emerging as a possible consensus for OPEC and its allies, adding that Iran could assent under certain conditions.

by | June 21, 2018 | 20:43

The administration says that China is trying to maintain a permanent and unfair advantage. Gregory Daco, the chief USA economist at Oxford Economics, estimated that Trump's newest tariff threat, on $200 billion of Chinese goods, would shave 0.3 to 0.4 percentage points off gross domestic product.

by | June 21, 2018 | 13:30

The European Union triggered the first phase of retaliation against the USA over its metal-import tariffs imposed on national-security grounds, making good on more than three months of threats to hit American goods with tit-for-tat levies.

by | June 21, 2018 | 08:53

In Ho, a professor at Korea University's Blockchain Research Institute, said the stolen coins were most likely to be from the more insecure 'hot wallets'. It also said that it would fully compensate all of its customers affected by the hack. At press time, Bithumb is now trading over $364 million in 24-hour trading volume, according to data from Coinmarketcap .

by | June 20, 2018 | 22:14

Nadella has since posted on LinkedIn an email he sent to employees, stating he is "appalled at the abhorrent policy of separating immigrant children from their families" at the southern border. "This new policy implemented on the border is simply cruel and abusive, and we are standing for change", he wrote. Today Brad detailed our company's position on this issue, as well as the immigration legislation now being considered in Congress, and I encourage you to read his blog post.

by | June 20, 2018 | 18:38

Most of that trade is in goods - not services - and most of it flows from China to the United States. "It was a trade war that put the Great in the Great Depression". Wall Street has viewed the trade tensions with rising concern that they could strangle the economic growth achieved during Trump's watch. Economists complain that Trump's efforts to reduce America's deficit are misguided, saying the gap in trade with China reflects the underlying economy.

by | June 20, 2018 | 04:38

Trump said he's looking out for American farmers and manufacturers, as he again took issue with Canada's supply management system for dairy farmers. The government has finished consulting Canadians on its proposed list of American consumer goods - dozens of items from Kentucky bourbon, to candles, to felt-tipped pens - and will be making some tweaks on which will be slapped with new duties, Freeland said.

by | June 19, 2018 | 23:34

Trump said that the new tariff would go into effect if the Chinese government did not lower recently announced tariffs on USA goods and failed to address the theft of United States intellectual property by Chinese companies. Specifically, Apple is said to fear that the Chinese government will cite national security concerns to impose bureaucratic delays on its supply chain and finished products, mirroring recent USA actions that have penalized Chinese telecom companies Huawei and ...

by | June 19, 2018 | 21:14

The Commerce Ministry on Tuesday gave no details but said Beijing is ready to "defend the interests of the Chinese people and enterprises". Trump threatened to impose a 10 percent tariff on $200 billion of Chinese goods, prompting a swift warning from Beijing of retaliation, as the trade conflict between the world's two biggest economies quickly escalated.

by | June 19, 2018 | 20:02

The leaked email, sent to Tesla's roughly 40,000 staff, said the matter was being was being investigated. Musk said the employee had explained his actions with the fact he had been passed up for a promotion. Tesla stock has climbed for seven consecutive days and more than $19 billion has been added to the automaker's market capitalization in the past month, in part due to the confidence Musk has expressed in achieving the Model 3 production target.

by | June 19, 2018 | 19:33

German Chancellor Angela Merkel on Monday accepted an offer from Bavaria's Christian Social Union (CSU) to delay until July the ban it wants on admitting migrants who have previously been registered in other EU states, German news agency DPA reported.

by | June 19, 2018 | 16:23

ICICI Bank has not disclosed the timeframe in which the committee will have to submit the report. "Bakhshi will report to Chanda Kochhar, who will continue in her role as MD & CEO of ICICI Bank", said the bank in a regulatory filing with bourses, adding that during her period of leave, the COO-designate would report to the Board.

by | June 19, 2018 | 14:28

Trump warned on Monday that Washington would impose a 10 percent tariff on $200 billion of Chinese goods after Beijing's decision to raise tariffs on $50 billion in USA goods, which was in retaliation for US tariffs announced on Friday. Shanghai-based hedge manager David Dai said the rapidly escalating trade tensions between Washington and Beijing have added woes to an already fragile stock market and make calling the bottom very hard.

by | June 19, 2018 | 08:47

To respond to Trump's threat to impose tariffs on as much as $250 billion worth of Chinese goods, Beijing would have to find other ways to respond. But Beijing faces challenges in retaliating directly: China ships far more goods to the United States ($505 billion past year, according to USA figures) than come back in the opposite direction ($130 billion).

by | June 19, 2018 | 00:36

But those tariffs will have an effect on the domestic economy. Tariffs on the remaining 114 items, including chemicals, medical equipment and energy products, will start later. In all, 818 products representing $34 billion in US imports will fall under the new tariffs - less than the roughly 1,300 products the administration had initially considered.

by | June 18, 2018 | 19:24

Google will receive 27.1 million newly issued JD.com Class A shares at a price of $20.29 per share, equivalent to $40.58 per ADS, the press release said. This move is expected to help JD.com to expand beyond its base in China and Southeast Asia in order to establish a meaningful presence in US and European markets.

by | June 18, 2018 | 17:56

In spite of continuous denials and public backing from the Volkswagen Group, Stadler has seemed like a man waving a crude torch in the dark, trying to fend off the hunters. It remains to be seen how long Stadler remains in police custody and whether he's able to remain in his post during his detention. The prosecutors' office recently widened its emissions cheating probe to include Stadler among the suspects accused of fraud and false advertising.

by | June 18, 2018 | 17:57

Stadler was accused of fraud and false advertising by German prosecuters last week . Stadler is the most high-profile Volkswagen Automotive Group executive to actually be arrested in the diesel investigation so far. Most of its problems have been in the United States, where a total of nine people have been charged and two former VW executives have pleaded guilty and been sentenced to prison terms.

by | June 18, 2018 | 14:28

German carmaker Audi's CEO, Rupert Stadler , has been arrested. Audi CEO Rupert Stadler has been detained by German authorities in connection with the probe into manipulation of diesel emissions controls in cars sold in Europe, news agency dpa reported on Monday.

by | June 17, 2018 | 16:59

In a statement , he said: "The United States can no longer tolerate losing our technology and intellectual property through unfair economic practices". 'It's Foolish' Wang Huiyao, director of the Beijing-based Center for China and Globalization and an adviser to China's cabinet, said Trump's measures will damage U.S.

by | June 17, 2018 | 15:46

Last week, Ikea announced it aims to phase out all single-use plastic products from its stores and restaurants by 2020. Figures from the US-based Ocean Conservancy's TIDES data system show that plastic straws are the 11th most common item of rubbish found during oceanic clean-ups, making up about 3% of recovered waste.

by | June 17, 2018 | 08:01

The central bank will briefly taper its monthly asset purchases beginning in October, to €15 billion ($17.5 billion) from €30 billion now, for the last three months of the year before ending it in December. Japan's Nikkei 225 finished 0.5 percent higher at 22,851.75 but South Korea's Kospi retreated 0.8 percent to 2,404.04. Basic resources stocks led the decline with a 1.3 drop following weak data from big metals consumer China.

by | June 16, 2018 | 09:37

Gulf producers Saudi Arabia , Kuwait and the United Arab Emirates are the main OPEC members holding sufficient unused oil production capacity to boost output quickly to offset a shortage. For the last month, the oil price has successively marked lower intraday highs and lows, indicating that traders and investors are not quite as confident in the outlook for the supply/demand balance, especially given the steep rise in USA crude production and the splintering within OPEC.

by | June 16, 2018 | 07:39

The U.S. tariffs are a response to China's aggressive attempts to challenge U.S. technological dominance, including outright theft of trade secrets and forcing U.S. For example, officials have said they would drop agreements reached last month to buy more US soybeans, natural gas and other products. American businesses , however, are anxious that rising trade tensions will hurt US economic growth.

by | June 16, 2018 | 07:39

The suspect was also shot and is undergoing surgery. She said during a news conference that it was "very possible" the deputies were shot "with their own firearm" as they were transporting detainees in a gated area behind the courthouse. FOX4 reported that this was the fourth officer-related shooting in the past three years in Kansas City. "There are witnesses we are speaking with", Zac Blair, a spokesman for the KCK police department, told the paper.

by | June 16, 2018 | 03:58

American Airlines sent a response to WBTV Thursday night when contacted for comment. A technical issue has left thousands stranded as flights with the carrier PSA Airlines were cancelled overnight and into Friday. The airline is encouraging all passengers to check their flight status on the American Airlines app, or aa.com, before heading to the airport. American Airlines flights set for Friday are continuing on as scheduled, officials said, CBS-affiliated WSPA reported.

by | June 16, 2018 | 01:31

Bennett. After the testing device that Holmes claimed would be able run hundreds of medical tests on a single drop of blood was shown not to work, Holmes was barred from running a clinical company by US regulators and was sued by investors, and the company let go many of its employees .

by | June 16, 2018 | 00:31

President Donald Trump on Friday imposed tariffs on $50 billion worth of mostly high-tech imports that will be subject to 25% tariffs . "We're going to protect those secrets". America's trade in goods with China topped $635 billion in 2017, according to the U.S. Census Bureau . "He adds: "'There is no trade war. The move could complicate Mr.

by | June 15, 2018 | 18:16

Most of the outbreaks occurred in California, Massachusetts, New York and Pennsylvania, the CDC said. The best by date of the affected products is "June 14, 2018 through June 14, 2019". No other Kellogg products are impacted by the recall, the company said. The UPC codes can be found on the bottom of the box. Anyone with the recalled Honey Smacks should throw the cereal out and contact Kellogg for a full refund at 800-962-1413, Monday through Friday, 9 a.m.to 6 p.m., Eastern time, and ...

by | June 15, 2018 | 17:29

In May, McDonald's shareholders overwhelmingly rejected a proposal asking the company for a report about the business risks associated with plastic straws. And more than 60 independent British festivals - including Boardmasters and Bestival - have banned plastic straws as part of a pledge to rid their sites of single-use plastic by 2021.

by | June 15, 2018 | 14:53

Under the 1974 trade law that Trump invoked to pursue a tariff investigation into China's intellectual property practices, he could delay the activation by 30 days. In April, it said it would levy 25% tariffs on imports of 106 United States products including soybeans, automobiles, chemicals and aircraft, in response to proposed American duties.

by | June 15, 2018 | 12:41

He was projected as the victor thanks to some help from Trump: The president shooed his biggest challenger, activist Danny Tarkanian, out of the race. "We've seen this in earlier races in earlier primaries". Rep. Justin Amash, R-Mich., who clashes frequently with party leaders, responded to Trump's tweet with one of his own defending Sanford.

by | June 15, 2018 | 05:45

It's all detailed in Out of Reach 2018 , a new report from the National Low Income Housing Coalition. The report's authors adhere to the standard that no household should spend more than 30 percent of its gross income on housing costs, and they assume that each household would be paid for 40-hour workweeks for 52 weeks a year.

by | June 15, 2018 | 03:59

The US Commodities and Futures Trading Commission issued subpoenas to Bitfinex and Tether last December, according to Bloomberg . The new paper is not the first academic work to identify manipulation in the virtual currency markets. "The relationship between Tether and the price of bitcoin has been flagged for months within the community", said Christian Catalini, a professor at the Massachusetts Institute of Technology who specialiszes in blockchain research.