Money

by | July 05, 2018 | 16:11

Trump said the agreement was reached after a phone call with the Saudi King about oil production but mentioned no specifics. Iran, however, said it would be tough to erase its oil completely from the market by November, when US sanctions snap back into place.

by | July 05, 2018 | 15:02

News website Axios last week reported that the Republican president wants to withdraw from the WTO, drawing a prompt denial on Friday from Treasury Secretary Steve Mnuchin. Trump reportedly was briefed on the working draft in May. Since March 23, the United States has applied 25 percent tariffs on steel in all countries except Australia, Argentina, Brazil and South Korea.

by | July 05, 2018 | 15:02

China Mobile is a Chinese state-owned telecommunications company and also the largest telecoms carrier in the world. The Trump administration has moved against Chinese telecom companies on a number of fronts in recent months, including a decision ( later reversed ) to bar ZTE from sourcing components to US suppliers - essentially a death sentence for the firm.

by | July 05, 2018 | 12:01

The European Commission has not confirmed the plans, saying that President Jean-Claude Juncker "has not yet decided what to discuss at the meeting with President Trump ", the FT said. "MEMA remains very concerned that the pattern of recent actions from the administration signal that tariffs are one of several tactics that would be considered and imposed", the group said.

by | July 05, 2018 | 08:37

Foreign companies accounted for $20 billion, or 59 percent, of the $34 billion of exports from China that will be subject to new tariffs from the USA starting from Friday, with US firms accounting for a significant part of that 59 percent, Gao added.

by | July 04, 2018 | 18:30

Back in December, the Chamber of Commerce supported Trump's business tax cuts and has historically cooperated with Republican presidents. US Chamber president Thomas Donohue said: " Tariffs are simply taxes that raise prices for everyone".

by | July 04, 2018 | 06:29

Oil has been buffeted lately as U.S. President Donald Trump - facing high retail gasoline prices ahead of midterm elections - pushes Saudi Arabia to boost output. Apart from Iran, Venezuela, Libya and Angola are also facing chronic production issues. Inventories at Cushing, Oklahoma, fell 2 million barrels last week, according to a separate forecast compiled by Bloomberg.

by | July 04, 2018 | 02:37

Despite his affable approach towards Mexico's northern neighbor, Lopez Obrador's victory did little for the Peso . Mexico's main stock index and the peso were both down Monday, but analysts at Banco Base attributed the currency's drop to broader global movement in favour of the US dollar and speculation about USA interest rates.

by | July 04, 2018 | 00:34

Fox News credits Ryan Fournier , head of Students for Trump , as the first to call for a Walmart boycott on social media. Wal-Mart is under fire after its website offered T-shirts from third-party sellers with " IMPEACH 45 " emblazoned across the front in big capital letters - a call to bring down the 45th USA president, Donald Trump .

by | July 03, 2018 | 18:55

President Trump has long threatened to place tariffs on China, arguing that the country steals the intellectual property of tech companies in the USA and as a result should be punished. But not all sectors of our provincial economy would be immune if we did see a recession hit. As for ZTE, the Chinese telecommunications company, lots of industry watchers, including Kleintop of The Charles Schwab Corporation ( SCHW ), think that if ZTE is once again allowed to purchase US equipment, it ...

by | July 03, 2018 | 18:54

United States trading partners retaliating against President Donald Trump's trade offensive have hit back with tariffs on US$75 billion in American exports, leaving local companies vulnerable to job losses, a leading business group said today.

by | July 03, 2018 | 18:53

HTC said that to fulfill its social responsibility, the company will try its best to help the affected workers to get through hard times and will offer them any necessary assistance in finding a new job . However, the layoffs downsize HTC's overall workforce by 22 percent. The company reported a 55.5 percent plunge in April revenues year-on-year and a 46.7 percent slide in March sales.

by | July 03, 2018 | 15:42

The announcement by Jahangiri came just a day after US President Donald Trump said that Saudi Arabia had agreed to increase its oil exports to make up the difference lost to the sanctions. "Our attempt is to defeat USA policies in the sale of oil and we are pretty sure we will sell our oil as much as we need", he added. Iran is looking at ways to keep exporting oil as well as other measures to counter sanctions after the United States told allies to cut all imports of Iranian oil from ...

by | July 03, 2018 | 15:27

Here are all the details! Amazon India saw over a million products being sold during the Prime Day a year ago, which was the first such event the global company had held in the country after launching Prime in 2016. Members will also receive exclusive in-game loot for Warframe and PLAYERUNKNOWN'S BATTLEGROUNDS . "They want Prime to be a must-have membership", says Suzanne Tager, who heads Bain & Co.'s retail and consumer products practices.

by | July 03, 2018 | 02:33

As part of the deal, VMware will pay DVMT shareholders an $11 billion special cash dividend and Dell will offer more shares - or cash - to make up the difference. The tracking stock has almost doubled in value since it was issued, closing Friday at $84.58. Dell has fostered tighter product integrations with VMware that help manage customer workloads with Dell hardware and VMware software.

by | July 03, 2018 | 02:29

GM said it employs about 110,000 workers in the USA and has invested more than $22 billion across 47 manufacturing facilities since it emerged from its government-led bankruptcy in 2009. GM imports parts for cars that it makes in the United States. A similar process led to new tariffs on foreign steel and aluminium this spring. Automaker Toyota said in a statement on Wednesday that a 25 percent tariff on automobiles would increase the cost of every vehicle sold in the United States.

by | July 03, 2018 | 02:07

Eshaq Jahangiri made the comments Sunday in a televised speech. The Trump administration is standing by its plan to reduce Iran's oil revenue to zero in a bid to isolate the country and force its leaders to change their behavior, a senior State Department official said Monday.

by | July 03, 2018 | 01:13

There are still a few teams with the cap space to take on a contract like Love's without having to send much back. "James, always fidgety, always impatient, was destined to make another move". James isn't expected to drag his choice out over several days. San Antonio: James reveres Spurs coach Gregg Popovich, but living in Texas doesn't seem appealing to the star's family and the Spurs are still trying to figure out what to do with Leonard, who can become a free agent after next season.

by | July 02, 2018 | 23:30

Saudi Arabia plans to pump up to 11 million bpd in July, and Russian Federation has said it could increase output by more than 200,000 bpd. Al Jazeera's Rosiland Jordan, reporting from Washington, DC, said "it is not unusual" for the White House to put pressure on OPEC members to increase oil output "mainly because the U.S.

by | July 02, 2018 | 22:08

President Trump's administration last month launched an investigation into whether auto imports posed a national security threat and Trump has threatened to impose a 20 percent tariff on all imports of EU-assembled cars. The EU responded to the steel and aluminum tariffs with "rebalancing measures" that hit around 2.8 billion euros ($3.25 billion) worth of American-made products.

by | July 02, 2018 | 18:52

Meanwhile Sunday, Iran's first Vice President Eshaq Jahangiri said his country's crude oil will be available on Iran's domestic stock market for private companies to buy and export. The U.S. wants to cut Iran's oil export, but everyone, with even a limited knowledge of worldwide affairs, knows that such thing is impossible, the official added.

by | July 02, 2018 | 17:27

The latest Model 3 VIN registrations come amid Tesla's announcement that it has effectively hit a production rate of 5,000 Model 3 per week. Production of the Model 3 has been plagued by a number of issues, including problems with an over-reliance on automation on its assembly lines, battery issues and other bottlenecks.

by | July 02, 2018 | 15:42

The Getaway left Miami last Sunday, June 24th, for a one week cruise which included ports in Mexico, Belize and Honduras. "Kudos to the Carnival Glory team". There is no word on how the crew member went overboard , but that person is in stable condition, officials said. A Coast Guard cutter joined the search at 2 a.m.

by | July 02, 2018 | 11:59

There are more packages to be delivered besides the ones shipped by Amazon . The latest strategy? Delivering products to customers' homes on the same day. Delivery partners who are accepted into the program could earn about $300,000 in annual profits operating a fleet of up to 40 delivery vehicles. "Customer demand is higher than ever and we have a need to build more capacity", Dave Clark, Amazon's senior vice president of worldwide operations, said in a statement.

by | July 02, 2018 | 07:09

United States retail unleaded gasoline prices, including taxes, averaged $2.833 a gallon for the week ended 25 June, according to the nation's Energy Information Administration. However the US State Department then tried clarified those comments after prices jumped, with an official saying that the Trump administration is "willing to work with countries that are reducing their imports on a case-by-case basis"- suggesting that imports of Iranian oil may not reach zero.

by | July 01, 2018 | 15:40

The brand announced today that it had reached out to "certain" Adidas .com/US consumers of a potential data security breach and that a forensic review is underway. Adidas found out about the possible data breach on June 26, and though it informed customers right away, the company is still uncertain when the breach took place.

by | July 01, 2018 | 14:56

He was looking for ElasticSearch databases that can be seen on public servers with U.S. IP addresses. While searching for the latter, he found 7,000 results and after combing through them, discovered the 2TB database containing individual records of hundreds of millions of citizens.

by | July 01, 2018 | 12:54

It did not elaborate. US President Donald Trump says the king of Saudi Arabia has agreed to increase oil production by "maybe up to 2,000,000 barrels" to offset declines from Iran and Venezuela, but the Saudis have not confirmed the claim.

by | July 01, 2018 | 09:43

Britain's FTSE 100 was up 0.3 percent at 7,559 while Germany's DAX edged up 0.1 percent to 12,250. Taiwan's benchmark rose but Southeast Asian indexes were mixed. "Countries imposing retaliatory tariffs "falsely assert" that US steel and aluminium tariffs are "safeguard" actions meant to protect USA producers from imports", he said in a statement.

by | July 01, 2018 | 08:28

It is the world's seventh largest oil exporter. If a 25 percent duty on USA crude imports is implemented by Beijing, American oil would become uncompetitive in China , forcing it to seek buyers elsewhere. Russian Federation and Saudi Arabia will save the day if OPEC deal falls apart Even if the current OPEC/NOPEC oil production cut deal goes to pieces, Saudi Arabia and Russian Federation will be willing to go it alone.

by | June 30, 2018 | 23:11

Benchmark Brent crude LCOc1 settled up $1.59 at $79.44 a barrel. The American Petroleum Institute reported late Tuesday a 9.2 million-barrel drop in crude supplies. "On the other hand non-OPEC supply is increasing because of the continuing rise of U.S. oil output". Beyond looming sanctions, other threats to supply are keeping markets on edge.

by | June 30, 2018 | 22:42

Saudi Arabia , the world's top oil producer, could pump as much as 11 million barrels of oil per day in July, according to Reuters . This comes after leaders from the Organization of the Petroleum Exporting Countries ( OPEC ) decided on increasing oil production by 1 million barrels per day, at a meeting last week.

by | June 30, 2018 | 19:40

If the company switches to its own delivery vans, customers will have no one to blame but Amazon. "We don't have to go make sales speeches", said Olaoluwa Abimbola, who has hired 40 workers in five months. Postal Service more for shipping its packages. However, Amazon will reimburse qualified military veterans up to $10,000. Amazon said entrepreneurs can launch their business for as little as $10,000 by using resources like company-branded delivery vehicles and uniforms.

by | June 30, 2018 | 09:27

There's no more Toys "R" Us kids'. "The company's operations outside of the USA and Canada, including its operations in Europe and Australia and its approximately 255 licensed stores and joint venture partnership in Asia, which are separate entities, are not part of the Chapter 11 filing", a spokesperson said.

by | June 30, 2018 | 09:02

Foreign investors have already sensed these problems and are leaving Indian debt. When they pour funds, the rupee strengthens. The website of Foreign Exchange Dealers Association of India showed that Indian Rupee ended 18 paise weaker than the previous close of 68.61 per dollar .