Money

by | June 29, 2018 | 23:46

There are reports that the shortage is affecting deliveries of frozen foods, which are kept cool by dry ice, which is made by compressing CO2. So probably not the best time for drinks companies to be running out of the gas that puts the fizz into beer and sodas.

by | June 29, 2018 | 23:38

According to the official statement released by Swiss National Bank , the total funds deposited by foreign clients into Swiss banks rose with only 3 percent to CHF 1.46 trillion or approximately Rs 100 lakh crore in 2017. In comparison, the clients' direct money stood at CHF 1,386.6 million and through fiduciaries at CHF 29 million in 2016. Amid a decline seen in Indian money over the previous three years, there was a view that Indians who had allegedly parked their illicit money in Swiss ...

by | June 29, 2018 | 13:44

At an SMMT event in London , he said: "We are not considering that as an option.' He said he "would hate, both personally and professionally" any prospect of Britain being 'knocked off course because of some changes in the political environment".

by | June 29, 2018 | 02:38

He later added , "The Aura will be gone and they will be taxed like never before!" Mr. Trump is right that the company announced plans to build a plant in Thailand long before the current tariff escalation. That makes it a symbolic target for foreign leaders looking to hit back at America in a trade war. The move comes just as the European Union placed tariffs on certain manufactured goods - including motorcycles - in response to new U.S.

by | June 28, 2018 | 15:27

Merchants at the mobile phone shopping centres Aladdin and Charsou in central Tehran protested against the rapid depreciation of the rial by shutting down their shops on Sunday, the semi-official news agency Fars reported . A dollar is now worth as much as 90,000 rials, compared with 65,000 rials just before Mr Trump's announcement and 42,890 at the end of 2017. This may cut Iran's hard currency earnings from oil exports, and the prospect is triggering a panicked flight of Iranians' savings ...

by | June 28, 2018 | 09:59

Crowds waving flags and placards filled Parliament Square yesterday chanting "We demand a people's vote ". On the second anniversary of the 52 to 48% Brexit vote, polls show political divisions are entrenched. "If we don't get clarity in the next couple of months we have to start making those contingency plans. which means making the United Kingdom less competitive than it is in a very competitive world right now", he said.

by | June 28, 2018 | 06:59

Trump had on April 20, tweeted "Looks like OPEC is at it again with record amounts of oil all over the place, including the fully loaded ships at sea". "But because we went away from allocation on a pro-rata basis, we will be closer to 1-M than to 600,000 barrels a day". OPEC and non-OPEC said in their statement that they would raise supply by returning to 100 percent compliance with previously agreed output cuts, after months of underproduction.

by | June 28, 2018 | 05:56

Mnuchin and others in the administration argued that employing an improved CFIUS rather than a stricter blanket policy would give the US more flexibility in trade negotiations with China , according to a person familiar with the discussions.

by | June 28, 2018 | 05:14

Harley-Davidson said the move overseas was to avoid European Union tariffs, not to sell in the USA market. The company sold 39,773 motorcycles in Europe last year and if they didn't shift production, they would lose $45 (€38.6) million this year due to the increased tariffs.

by | June 27, 2018 | 23:53

The Trump administration is expected to announce new restrictions on Chinese investment in USA technology companies later this week. Beijing then followed through in April with 178.6% antidumping duties on sorghum imports from the USA, although these were ended in May after trade negotiations with the US.

by | June 27, 2018 | 23:20

Tuesday he threatened Harley-Davidson, saying shifting production would be "the beginning of the end". "They're tax increases on Americans, they don't work, and apparently we're going to see more of this". Lange said US lawmakers would hopefully "intervene and take back certain powers from the president, such as the competence to launch 232 national security investigations , and bring it back under control of the Congress".

by | June 27, 2018 | 16:52

Despite this, Iranian President Hassan Rouhani on Tuesday blamed the United States for the Islamic Republic's economic woes in a speech televised on state-run TV and said Iran is in a "fight" with the us, suggesting America is trying to damage the country by creating "an economic war".

by | June 26, 2018 | 20:43

Erdogan won a new mandate in presidential elections in the first round of voting by winning more than half of the votes, the chief of Turkey's election authority said Monday. Taking to Twitter, Ince urged voters to wait until the High Electoral Board released official results and later said he would make a statement at noon local time Monday.

by | June 26, 2018 | 19:13

This is what the South China Morning Post reported about Apple in early February this year: "The world's most valuable company reported on Thursday in the United States an 11% increase in its combined fiscal first-quarter revenue from mainland China, Hong Kong and Taiwan to US$17.9 billion, up from US$16.2 billion in the same period a year ago".

by | June 26, 2018 | 13:49

Harley-Davidson plans to shift some motorcycle production away from the U.S. to avoid the "substantial" burden of European Union tariffs . Earlier in the day, multiple media outlets reported that Harley-Davidson was increasing the production of its motorcycles at overseas factories as a response to European Union tariffs .

by | June 26, 2018 | 12:45

An escalating trade dispute between the United States and other leading economies battered USA stocks on Monday, handing the S&P 500 and Nasdaq their steepest losses in more than two months. "It's something you could only dream about". The S&P 500 index lost 37 points or 1.4 percent to 2,717, and the Nasdaq fell 161 points or 2.1 percent to 7,532.

by | June 26, 2018 | 05:02

Citing the high costs of new European tariffs , Harley Davidson announced Monday it would move some of its United States motorcycle production overseas. President Donald Trump late on Monday went after iconic American motorcycle company Harley-Davidson after the company announced it was moving some production out of the US.

by | June 25, 2018 | 21:43

Unofficial results from Turkey's presidential election show incumbent Recep Tayyip Erdogan with a commanding lead. The election victory is set to deliver President Erdogan sweeping new powers. The pro-Kurdish Peoples' Democratic Party (HDP) was polling 11 percent, well over the 10 percent minimum threshold needed to win 46 seats, which would make it the second largest opposition party in the new chamber.

by | June 25, 2018 | 21:36

Harley-Davidson said tariffs would reduce customer access to its motorcycles and hurt the dealers' businesses. "We are now assessing the potential impact on our USA facilities", Michael Pflughoeft, a company spokesman, said in an email. The European Union said it plans to increase duties on a range of USA imports, including Harley-Davidson motorcycles, in retaliation for the Trump administration's new tariffs on EU metal exports.

by | June 25, 2018 | 12:50

Others wanted a redo referendum. The IT consultant went on: "I'm married to a French wife, I have two children who are dual national, and we live in Holland and are caught up in this administrative mess". German carmaker BMW has warned the company would have to make contingency plans within months if the government did not soon clarify its post-Brexit position.

by | June 25, 2018 | 09:26

Eurozone President and Portuguese Finance Minister Mario Centeno said at a press conference shortly after the meeting "after eight long years Greece will finally be graduating from its financial assistance". "We will ensure that the pressure to implement further reforms remains strong.in the medium and long term", said Austrian Finance Minister Hartwig Loger.

by | June 25, 2018 | 06:59

The internet has changed retailing, and Justice Anthony Kennedy, who wrote the new decision, said, "each year, the physical presence rule becomes further removed from economic reality". Likewise, eBay now does not require sellers to collect state sales taxes. CPA and Senior Director of Tax & Accounting North America for Wolters Kluwer (publisher of CCH SureTax ) said under the 1992 Quill ruling, the interpretation of the Commerce Clause was that the "substantial nexus" required to ...

by | June 24, 2018 | 20:00

Twice the price for a quarter the theater network and 60% fewer movies. "AMC has repeatedly disparaged our model as a way to discourage our growth because all along they wanted to launch their own, more expensive plan", the company said on Twitter .

by | June 24, 2018 | 20:01

Saudi prince Alwaleed bin Talal has shared a video of his daughter driving as women celebrate the lifting of a ban allowing them to drive for the first time . Not all women are driving at once, though. A picture taken June 3, 2018 shows a Saudi woman, "Noura", taking part in a training session at the Bikers Skills Institute, a motorcycle driving school, on the outskirts of Riyadh .

by | June 24, 2018 | 19:15

Yields on Greek bonds dropped with the 10-year note falling as much as 1.01 percent at 11.57 am Athens time on Wednesday to nearly a month low, while the Athens Stock Exchange General Index rose as much as 1.1 percent in intraday trading amid optimism that euro-area finance ministers will reach a deal on Greece on Thursday.

by | June 24, 2018 | 11:00

While many economists have been focusing on the escalating threats between the USA and China , as both countries threaten to impose tariffs on more and more products, the European Union has been quietly retaliating against US tariffs.

by | June 24, 2018 | 08:05

Benchmark Brent oil LCOc1 rose by $2.5 or 3.4 percent on Friday to $75.55 a barrel. U.S. President Donald Trump was among those wondering how much more oil OPEC would deliver. The idea to bump output has been advocated by Saudi Arabia and Russian Federation, which sought to alleviate high prices through increased supply on the market without creating a glut.

by | June 24, 2018 | 02:58

Phelan said the state Department of Revenue Services is reviewing the Supreme Court decision and will issue guidelines for online retailers in the near future. While retailers were not required to collect sales tax , that tax was technically still owed. The former system was a competitive disadvantage to brick-and-mortar stores.

by | June 23, 2018 | 20:44

The pair is able to increase their production significantly and the countries are understood to be eager to defend their share of the global market against the return of United States shale oil rigs. The Saudi proposal involves a complex calculation based on how much the group has cut production beyond the initial target of 1.8 million barrels a day set in 2016, the delegates said, asking not be named discussing private meetings.

by | June 23, 2018 | 14:04

But the real increase will be smaller because several countries that recently underproduced oil will struggle to return to full quotas while other producers will not be allowed to fill the gap. OPEC and partners including Russian Federation and Oman have since previous year cut output by 1.8 million bpd. But unexpected outages in Venezuela, Libya and Angola have effectively brought supply cuts to around 2.8 million bpd in recent months.

by | June 23, 2018 | 13:23

The "emerging" index now includes 830 shares of 23 markets , while the "border" index follows 127 shares of 30 markets. Apertura explained that the frontier market index has 110 companies from 29 countries available to invest, whereas the emerging market index has a whopping 830 companies from 24 countries.

by | June 23, 2018 | 13:03

The country will become the second in the world to make pot legal nationwide. The most controversial aspect of Canada's move to legalize marijuana nationwide has been setting the minimum age for use at 18 or 19, depending on the province.

by | June 22, 2018 | 18:57

Mattes also said that German automakers could not subsist without access to the United States market. The US and European Union have imposed mutual tariffs. "The U.S. abuses tariffs to trigger trade wars everywhere around the globe and that will severely damage the world trade order, hurt the interests of trading partners, and also hurt its domestic companies and people", Ministry of Commerce spokesman Gao Feng said at a regular briefing in Beijing on Thursday.

by | June 22, 2018 | 18:47

Saudi Arabia Energy Minister Khalid al-Falih has warned the world could face a supply deficit of as much as 1.8 million barrels per day in the second half of the year. OPEC may be unable to bridge the divide, as Bloomberg reported that ministers at Thursday's meeting agreed to a nominal increase of 1 million bpd despite Iran's opposition.

by | June 22, 2018 | 16:24

USA protectionism is self-defeating and a "symptom of paranoid delusions" that must not distract China from its path to modernisation, Chinese state media said on Friday as Beijing kept up with its war of words with Washington over trade.